[Block Rhythm] On December 1st, the market experienced another wave of liquidations. In the last 4 hours, the total amount of liquidations across the network reached 320 million USD. Long positions suffered heavy losses, with liquidation funds reaching 296 million USD, accounting for more than 90%; short positions fared relatively better, with liquidations of about 24.39 million USD. It seems that this wave of market movement caught long positions off guard, and leveraged players suffered significant losses in this one-sided trend.

[Chain News] A leading exchange has just released its 2025 transparency report, covering the data period from October 2024 to September 2025. In this year, they processed a total of 12,716 law enforcement requests from over 60 countries – including subpoenas, court documents, and search warrants as part of these formal processes.
The figures look quite exaggerated? In fact, they are only 19% higher than last year. Looking at a longer timeline, over the past four years, they have remained stable between 10,000 and 13,000 each year, with not much fluctuation.
There is a notable change: the proportion of requests from outside the United States has climbed to 53%, an increase of 2 percentage points from the previous period. Although the United States remains a major requester, the trend towards globalization is clear—six countries (the United States, Germany, the United Kingdom, France, Spain, and Australia) account for about 80% of the request volume. From 2022 to now, the United States has consistently held the top position.
The platform has also stated: as long as these requests are within the local legal framework.

Bitcoin pullback raises concerns about Strategy(MSTR), but Wall Street Benchmark brokerage analyst Mark Palmer remains optimistic, giving it a "buy" rating with a target price of $705. He believes that skeptics overlook the company's long-term strategy of investing in Bitcoin, and that short-term fluctuations do not impact its business model.

The sixth round of token sales for Mutuum Finance has sold 95%, raising over $19 million. This DeFi lending protocol adopts a dual-track lending model, and the mtToken mechanism helps achieve token yield. Currently, there are 18,200 holding addresses, and the security audit has been passed. The team plans to deploy the V1 version Testnet on Sepolia in the fourth quarter.

Kraken Institutional has launched a market participation program that allows Large Investors to apply for membership and undergo Compliance review. The program incentivizes liquidity and trading activity through the distribution of warrants, aligning short-term interests with long-term ecology, and increasing the returns and equity expectations of major players.

[Coin World] Just saw a big move - Nvidia invested $2 billion in Synopsys, which is in the chip design software business. This is not just a simple investment; the two parties have also established a Depth collaboration at the engineering and design levels. Chip design tools have always been the lifeblood of the hardware industry, and Jensen Huang's move is quite interesting, adding new variables to the Computing Power war.

[Block Rhythm] A mining giant just showed its entire savings - total assets of 12.1 billion USD, which is quite shocking.
What exactly is it made up of? The bulk consists of over 3.72 million ETH, and additionally, there are 192 BTC (yes, you read that right, only this little bit of Bitcoin). Besides that, they also hold equity in Eightco Holdings worth 36 million dollars, with 882 million dollars in cash lying in the account, and not a single penny of debt.
Even more exciting is their operation last week: they swept up nearly 97,000 ETH in one go.
Chairman Tom Lee provided his judgment logic—there are several key time points in December worth paying attention to: the Fusaka upgrade is set to go live on the 3rd, which will make some optimizations in scalability and security; there are also major moves from the Federal Reserve, as QT is set to end, and there might be another rate cut on the 10th. Additionally, the wave of liquidation storms in mid-October has passed for more than seven weeks, and the market

Institutional interest in XRP continues to rise, with 21Shares launching a Spot XRP ETF, attracting $666 million and driving the XRP price up by 12%, now stabilizing around $2.2. This move shows the gradual recognition of XRP by TradFi.

[Coin World] Ethereum has dipped again today. The current price of ETH has fallen to $2796.63, down 7.58% in the last 24 hours. However, the Trading Volume is quite active, reaching $22.457 billion. With this level of volume, the battle between bulls and bears is quite intense, and there may still be Fluctuation in the short term.

[Coin World] Wall Street has made big moves again. Morgan Stanley has recently raised the target prices for several chip companies, among which NVIDIA is expected to rise over 40%. It seems that Morgan Stanley is quite confident about this wave of AI chip market, after all, the demand for AI is there, and Computing Power is hard currency. However, in the stock market, even if institutions are bullish, it still depends on whether the actual performance can keep up, as valuations are already not low.

[Coin] Just now, there was a significant movement on-chain — the world's largest asset management company BlackRock transferred 2,156 BTC to Coinbase 7 minutes ago, which is approximately $186 million at the current price.
Transfers of this magnitude are usually either custodial reallocations or preparations for some major moves. BlackRock now holds a Bitcoin spot ETF, and every on-chain operation they perform is closely monitored by the market.
It is worth noting the transfer destination - directly into Coinbase, which is a publicly listed company on the US stock market, fully compliant. Could it be that institutional clients are getting on board again? Or is it just a simple reallocation of funds? In the short term, we can observe whether there are any fluctuations in BTC.

【链文】The S3 airdrop eligibility check function of Aster has just been launched! But don't rush to claim it—right now, you can only check your eligibility, the actual airdrop distribution has not yet started.
Note the collection window: it will start at 8 PM on December 15, 2025, and will continue until 8 PM on January 15, 2026. You can only officially collect during this time period, so check in advance if you are eligible, and don’t miss it when the time comes. A month for collection is a sufficient buffer period, but procrastinators should mark their calendars early.

Websea is a newly established Web3 trading platform, backed by Hongyi Culture Investment, targeting young users. It integrates trading, capital protection copy trading, contract insurance, live interaction, and GameFi elements, striving to build an ecosystem. The platform has obtained compliance licenses in the United States, Canada, and Australia, but has not yet disclosed specific operating data, making its future development worth following.

Last month, the issuance of USDC on the Solana blockchain surged again. Circle minted nearly 8 billion USDC in one go in November, and that number is indeed significant. With this wave, the total issuance of USDC on the Solana network has surpassed 36.2 billion for the entire year of 2025. Given this momentum, the inflow of funds into the Solana ecosystem continues to accelerate, and the demand for stablecoins is clearly on the rise.

[Coin World] Cardano is making waves again. Founder Charles Hoskinson recently publicly responded to a sensitive topic - whose money exactly is the early Genesis ADA?
Here's the thing: there are voices in the community hoping to use this batch of initial tokens to support new ecological integration projects. But Hoskinson directly refused. His reasoning is quite hardcore: these ADA were private gains that the early team risked everything to earn, and they are not at all a "community public fund pool."
You have to understand that at that time, Cardano was just a concept, and the chances of success were pitifully low. Those willing to invest money and time at that stage were taking risks that were no joke. Now that the project has taken off, these early contributors rightfully hold their shares.
As for ecological construction? Hoskinson's attitude is

【Block Rhythm】Websea recently made a big move—Herbert R. Sim has officially returned, this time taking the position of CMO, specifically focusing on the global market.
This person is not a newcomer. He was involved in building Websea in its early days and later wandered around the Web3 circle, serving as a consultant for several major projects. He knows how to penetrate the international market, establish brands, and develop ecosystems very well. More importantly, he has always recognized the way of playing that Websea has.
This time returning, the goal is quite clear: to attract new users with a differentiated approach and push the brand towards internationalization. After all, competition is so fierce now, it’s not easy to establish a foothold without some level of recognition and resource accumulation. It will be interesting to see how Websea will move next.

【币界】Gate Alpha's 118th GT Points Airdrop is coming, starting on December 1st at 6 PM ( UTC+8, don't miss it.
This gameplay is quite interesting, with a tiered system: friends holding between 130 to 172 points can receive 0.5 GT at the cost of 12 points; if you accumulate 173 points or more, you can directly get 2 GT, but you will have to deduct 15 points. It's a way to give high-scoring players a little extra incentive.
Gate Alpha now supports a lot of public chains - not to mention mainstream ones like SOL, ETH, BNB Chain, Base, and SUI, even ARB and World.

[Coin World] The mining company Bitdeer Technologies has recently increased the position, buying 56.4 BTC.
Counting this amount, they now hold 2141.1 BTC. On the global BTC holding ranking list, Bitdeer ranks 35th - this position is not too high, but for mining companies, it is already considered a top player.
Miners are hoarding coins, just take a look at this signal.

[Block Rhythm] The GIGGLE trend is quite exciting. Around 7 AM yesterday, the coin price was still hovering around 115 USD, but it skyrocketed all the way to touch the recent ceiling of 160 USD in the early hours of today.
But the good times didn't last long. After reaching a peak, it started to plummet, dropping below 110 dollars at its lowest point, and now it is stabilizing around 117 dollars. Calculating it, it has retraced nearly 27% from the high point. The current market value is approximately 1.17 million dollars.
To be honest, Meme coins are inherently driven by emotions, rising quickly and falling just as sharply. There aren't many practical application scenarios; it's basically supported by speculation and community enthusiasm. You can play around with it, but you need to be mentally prepared—this volatility is no joke, so don't risk your entire fortune on it.

Southeast Asia is facing a major flood disaster, and hurricane "Ditewa" has claimed more than 420 lives. A certain encryption trading platform has responded to the humanitarian crisis by providing $100,000 in emergency aid to support post-disaster relief efforts, demonstrating the industry's sense of social responsibility.