On December 2nd, the silver Spot market performed brilliantly today. The intraday rise exceeded 3%, with prices climbing to $58.23 per ounce, setting a new historical high. The recent trend of precious metals is indeed strong, and market risk aversion seems to be continuing to heat up.

Brother Ma Ji, Huang Licheng, added funds of 249,847 USDC on the Hyperliquid platform, increasing his 25x ETH long order, bringing total holdings to 2000 ETH. Currently, he is facing a loss of over 250,000 USD, with a drawdown rate of -114.57%. The liquidation price is 2662 USD, facing significant risk.

[Coin World] Since 2020, traders on Ethereum have lost nearly $2 billion to MEV Bots. These Bots monitor pending transactions in the memory pool and cut in line to execute ahead of you—sounds abstract? One unfortunate soul was sandwiched for $714,000 in just a few minutes; this is the brutal reality.
The consequences of this gameplay are very direct: the slippage protection you set is virtually nonexistent, limit orders inexplicably fail, and price execution is completely out of your control. For institutional funds that require precise execution of large transactions, this uncertainty is simply a nightmare.
There are some makeshift solutions like private memory pools on the market now, but they only address the symptoms and not the root cause. The real solution must start from the consensus layer—encrypting the content before transaction execution, preventing these front-running Bots from having an opportunity. Only in this way can DeFi shake off the label of the "dark forest" and truly.

[Coin World] MicroStrategy has increased the position again. Latest data shows that the company now holds 214,400 Bitcoins, which is worth about 13.5 billion dollars at current prices. More importantly, their average holdings cost just over 35,000 dollars—this price point is particularly eye-catching in the current market environment. As the most aggressive Bitcoin coin hoarder among publicly traded companies, every move they make attracts market attention.

[Block Rhythm] The White House's David Sacks, who oversees both AI and Crypto Assets, recently clashed with The New York Times.
The situation is as follows: The New York Times sent a total of five reporters and spent several months digging for his "dirt," trying to prove that he used his position in the White House to funnel benefits to his investment portfolio and friends in Silicon Valley. As a result, after the article was published, Sacks directly lashed out on social media.
His original words were quite straightforward: "They did a bunch of so-called 'fact-checking' to accuse me, and we refuted them one by one. Anyone who seriously reads the report can see that they just pieced together a bunch of unfounded gossip stories and then came up with a scary headline."
The title of that article in The New York Times is indeed sensational - "Silicon Valley People in the White House: Profiting for Themselves and Their Friends." The core accusation boils down to one point: Sacks serves as both the head of crypto and AI affairs at the White House and a major investor in the tech industry.

A certain mining company aggressively increased its holdings during the big dump of ETH prices by 32%, from 2.65 million coins to 3.72 million coins, a net increase of 1.07 million coins. This operation has attracted market follow, showing confidence in the long-term value of Ethereum or aiming to average down costs.

Last week, the net purchases of Bitcoin by publicly listed companies worldwide (excluding mining enterprises) reached 21.86 million USD, and the actions of several institutions were quite interesting.
Strategy made a strong move this time, spending 12 million dollars to acquire 130 coins at a cost price of 89,959 dollars. Including this purchase, they have already accumulated 650,000 Bitcoins, which makes them a top player among institutions. Meanwhile, Metaplanet in Japan has been quiet, with no new actions observed last week.
Other companies are also active: the French Bitcoin company Capital B has invested $460,000 to acquire 5 coins, with a cost of $92,188, now holding a total of 2,823 coins; Hong Kong's gene testing company Prenetics invested $630,000 to buy 7 coins, bringing its total holding to 508 coins; the food content platform DayDayCook took the largest action, investing $8.77 million to bottom out 100 coins, with an average price of 8.

[Coin World] I watched the BTC trend for a few hours and feel that this wave is quite interesting.
Starting from midnight on December 1st, the price did indeed spike up a bit, but compared to noon on November 30th, it has dropped quite a bit. That last big bearish candle closed quite badly, with the closing price directly below the opening price, a typical bearish engulfing pattern. What's more concerning is that the trading volume has also shrunk; price drops with shrinking volume, making the market feel as cold as if it had entered an ice cellar, and the number of participants has clearly decreased.
From the perspective of technical indicators: the MACD histogram continues to pull down, with the negative values getting longer, indicating that the bearish pressure is quite strong this time. The KDJ hasn't shown any obvious golden cross or dead cross signals, and its value remains around 29, which is considered a neutral to weak state. However, the RSI has already fallen below 30. According to experience, this kind of oversold area often leads to a technical rebound, but it could also be a precursor to a second bottom.
If you want to operate, I personally think you can pay attention to these price levels:
- Aggressive buy can be seen at 81841

[Block Rhythm] There have been significant developments in the cross-chain sector recently. Gleec has directly invested $23.5 million to acquire the entire cross-chain DeFi business line of Komodo—not just a simple technology license; the brand, code repository, token system, and core development team have all been brought under Gleec's name.
This operation is actually quite clever. Gleec was originally using Komodo's technology to run some functions of its own DEX, and now it simply uproots everything and takes it all over. In the future, they plan to integrate services like crypto debit cards, virtual bank accounts, and fiat deposits and withdrawals, which will significantly speed up technology integration. In simple terms, it's about spending money to buy time, directly turning ready-made cross-chain infrastructure into their own.

[Chain News] Just now this pullback wiped out Ma Ji's long order.
When the price crashed to $2792, 400 ETH were liquidated directly, resulting in a loss of about $1.11 million. Now he only has a position of $4.52 million left.
The 1 million funds that were just added last week? Now there's only 140,000 left on the account. The rate of depreciation is indeed a bit shocking.
The market's recent drop has educated the bulls once again.

A large investor liquidated 24.8 million PIPPIN, cashing out $3.74 million and netting $3.65 million. Although he did not choose to exit at the peak, after experiencing a fall in market capitalization, he finally decided to exit when the price warmed up, showcasing his steady mindset.

Bernstein analysts believe that the current adjustment in the crypto market is different from the past, with the fundamentals of core business remaining solid. Although related stocks such as Coinbase and Circle have fallen, their operating data is on the rise, reflecting industry transformation and the exploration of new profit models, indicating that the industry may welcome a turning point after regulatory clarity.

Traditional capital is heavily entering the cryptocurrency exchange, and Websea has received strategic investment from Hongyi Culture, marking the deep layout of billion-level capital towards Web3 exchanges. Websea is committed to Risk Management and has obtained licenses in multiple locations. In the future, it will cooperate around platform expansion, risk control, and product innovation, which will bring development opportunities for its Platform Token WBS.

[Coin World] Bubblemaps just captured an interesting trend: that well-known Large Investor who loves shorting BTC suddenly withdrew 220 million USDT from Aave through three wallets (0xf6fd, 0xF744, 0x4116) and quickly transferred it to a certain top exchange.
This operation looks like it's about to make a big move—either preparing to increase shorting or going long? Currently, these several addresses still hold over 500 million USD in assets on-chain, and it's worth watching how things will play out next.

[Chain News] The Global Research Department of Bank of America has recently adjusted its expectations for the Fed – they now believe that there will be a 25 basis point rate cut in December 2025.
Interestingly, this is completely contrary to their previous judgment, where they predicted no interest rate cuts. This 180-degree turnaround indicates that the market's view of next year's economic situation is changing.
For the crypto market, a rate cut means improved liquidity, which is usually a positive signal. Of course, there is still more than a year until December 2025, and there are many variables.

[Block Rhythm] Zama, this fully homomorphic encryption network, recently made a big move - preparing to sell 10% of ZAMA tokens through a sealed bidding Dutch Auction on Ethereum.
This auction is quite interesting, using FHE technology to keep the bids confidential, which prevents situations like bots frantically buying or Gas fees skyrocketing. The tokens can be used immediately without locking, making it a relatively fair distribution method.
The event is scheduled from January 12 to 15 next year, and the tokens will be available on January 20. The ZAMA token is quite useful in their ecosystem—it can be used to pay for encryption and decryption fees, staked to nodes or delegated for node operations, and it can also help maintain the security of FHE nodes.
It is said that the mainnet will be launched by the end of this year, so please pay attention to its actual performance at that time.

[Coin World] Yesterday, two addresses marked as Abraxas Capital (0x5b5 and 0xb83) poured about $62 million into Hyperliquid, all used to sweep HYPE Spot. However, this institution is not foolish; they opened a HYPE short order with 5x leverage to hedge.
Today, as the market fell, their HYPE Spot positions shrank to around 56.4 million dollars, accounting for nearly half of the total funds in these two Address accounts.
What's more interesting is that from November until now, this institution has been taking profits on short orders, and the shorts for several coins have been gradually withdrawn. The total position has decreased from 760 million dollars on November 3 to 146 million, and they have also been continuously withdrawing to their on-chain wallet. It's worth noting that before closing their positions, they were the largest address by position on Hyperliquid.
Current main short position: ETH position size 82.02 million USD, floating profit 19.97 million (return

[coin world] Recently noticed an interesting phenomenon: the stock price of Strategy Company has fallen more sharply than the depreciation of the Bitcoin it holds, which has further widened the market's discount assessment of it.
In simple terms, even though the BTC on its balance sheet is also falling, the company's market value is shrinking at an even more exaggerated rate. This divergence usually indicates that market sentiment is more pessimistic than the actual asset value, and investors may be voting with their feet.

Last week, the digital asset market warmed up, with an inflow of $1.06 billion, ending a four-week trend of outflows. The Fed's policy hints at interest rate cuts, invigorating the market, although the Thanksgiving holiday significantly reduced ETP volume. Bitcoin and Ethereum gained profits, while XRP inflows reached a historic high, in stark contrast to Cardano, which saw outflows.

[Bit推] Just caught another big fish on-chain! The mysterious Address tagged "1011 Insider Whale" (0x411...11cb) just deposited 55,340 ETH into Aave as collateral 10 minutes ago, equivalent to 157 million USD. And then? Borrowed 50 million USDT and transferred it directly to a major exchange. This operation is quite aggressive, it seems like there are big moves coming.