[Coin World] A well-known DEX welcomes a new leader - Synthesis founder Alex McCurry makes a significant purchase of over 10 million SUSHI (worth approximately $3.34 million) and officially replaces Jared Grey as the new leader.
However, what we are taking over this time is not something desirable. The data is quite striking: the protocol's TVL has plummeted by 98.7% from its peak in 2022, now only remaining at $10.179 million. The projected annual revenue for 2025 is around $4.5 million, sounds okay? But the Token price has already evaporated by 98.5% compared to its historical high.
Is this round of operations a myth of bottom fishing or a sequel of the bag holder? Can McCurry turn the tide? The market is watching. After all, in this arena, buying coins is easy, but rebuilding confidence is difficult.

[Coin World] Just now, Whale Alert caught a big move: the USDC Treasury directly minted nearly 74 million USDC, which is approximately 73.96 million USD at the current price.
This level of minting usually indicates that the market demand for stablecoins is rising, which could be a signal of institutional entry or preparation of liquidity for upcoming trading activities. It will be interesting to watch the flow of this batch of USDC.

MicroStrategy's stock price has fallen 66% from its peak in July, and its market capitalization has fallen below the value of the Bitcoin it holds for the first time. The CEO acknowledged that if the stock price's net asset value falls below 0.9 times, they may be forced to sell 650,000 Bitcoins, causing significant market risk.

The latest report from the Fed shows that bank capital levels are robust, focusing on overall bank risk and the quality of commercial real estate loans. The stability of traditional banks affects the crypto market, with adequate capital indicating optimistic liquidity, which constitutes a positive signal for the digital asset market.

BTC is facing losses in December, with capitulation indicators reaching a cycle high, which may signal a turning point for a bull run. The liquidity model shows that a reasonable price should be around $165,000, but the actual price is just over $90,000, indicating a significant gap. If support can be maintained, there is hope for a breakthrough of the $93,000 resistance level before the end of the year, and the price may be underestimated.

The New York Stock Exchange has approved Grayscale's DOGE and XRP Spot ETFs, with codes GDOG and GXRP respectively, starting trading next Monday. The first day trading volume of the DOGE ETF is expected to reach $11 million. In addition, Grayscale's Chainlink ETF may also launch next week. The issuance speed of altcoin ETFs is accelerating.

[BitPush] The atmosphere in the English circle has been a bit tense these days. When the monthly close happened on Sunday, the market suddenly experienced a sharp fall, causing many people holding call options to be trapped, and now everyone is worried whether it will continue to fall.
I heard from traders in the circle that the 83000 level is considered the next strong support, and there aren't any big buy orders above this level. However, some people believe that Bitcoin can still push for a new historical high, but no one can say for sure when that will be—anyway, it's best to remain cautious, but not too pessimistic.

Apimeds merges with MindWave Innovations to form a new company, with Apimeds continuing to advance the research and development of non-opioid painkillers, while MindWave introduces an AI-driven Bitcoin yield platform and ecosystem. The transaction is managed by E.F. Hutton, completing a private sale financing of up to $100 million, showcasing the potential for cross-industry integration between traditional pharmaceuticals and encryption finance.

Bitnomial in Chicago is preparing to become the first derivatives trading exchange in the United States to offer spot trading of Crypto Assets, having submitted self-certification documents to the CFTC, with plans to conduct retail leveraged and non-leveraged spot trading. However, Congress has not yet clarified the jurisdiction over traditional spot markets, which may create uncertainty for its operations.

[Coin World] European banks are taking new actions with regulatory oversight. Top regulatory agencies plan to introduce a series of new measures, with a clear goal—ensuring that EU banks do not fall behind and maintain competitiveness in the context of gradually loosening global financial regulations. This wave of operations may have a ripple effect on the entire financial ecosystem.

Exodus Movement plans to acquire W3C Corp for $175 million and integrate its payment companies Monavate and Baanx, aiming to build a usable on-chain payment platform. To raise funds, D.A. Davidson arranged a $60 million loan and previously provided acquisition advisory services to W3C, indicating that integration in the encryption payment sector is accelerating.

[比推] Market news has reported that Strategy has just announced the establishment of a $1.44 billion dividend reserve fund. This amount is substantial, indicating that there may be significant moves ahead.

Bloomberg strategist Mike McGlone predicts that Bitcoin may retest $50,000 and points out that its ratio to gold could drop to 13 times. He believes that the current market's excessive optimism may lead to a correction in risk assets, with Bitcoin being the first to suffer.

[Block Rhythm] On December 1st, on-chain data shows significant activity.
A newly created wallet address has crazily withdrawn 77,385 ETH from a major exchange in the past 2 hours—yes, you read that right, worth $218 million. The average withdrawal price is pinned at $2,843, this method looks very familiar, and it is likely the mysterious giant whale behind the "1011 flash crash short".
More exciting things are coming. In the last 3 hours, this giant whale dumped 180,438 ETH into Aave V3, then borrowed 220 million USDT stablecoins, which quickly flowed back to a certain exchange.
Is this operation laying a foundation or preparing to reel in?

[Block Rhythm] An interesting discovery on December 1: An old Wallet from the ICO period suddenly became active, with 40,000 ETH lying in Address 0x2dCA, worth approximately 120 million USD at current prices. This Wallet had been dormant for a full 10 years, and recently began transferring ETH to stake. It's unclear whether this move indicates a long-term outlook or other intentions, but the movement of funds of this scale is still worth following.

CryptoQuant founder Ki Young Ju pointed out that the liquidity of altcoins is rapidly decreasing. Only projects that can obtain institutional funding and Compliance support can survive in the competition, and the risk of holding alts that have not accessed new funding channels in the long term is increasing.

[Block Rhythm] Bubblemaps' latest on-chain data shows that the three mysterious whales who accurately shorted during the '1011 flash crash' have new movements.
Addresses 0xf6fd, 0xF744, and 0x4116 recently withdrew 220 million USDT from Aave, all transferred to a major trading platform. What's even more exaggerated is that these three wallets currently hold over 500 million dollars in assets on-chain.
Why borrow so much USDT? Are you continuing to build positions or preparing to run? Anyway, every movement of these few addresses is worth keeping a close watch on.