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Venezuela’s state-run oil company PDVSA is increasingly using USDT in oil transactions to avoid U.S. sanctions, Reuters reported. Due to issues with trade compliance rules, USDT trades in oil rely on working with middlemen, a source told Reuters.
Quick Take Ripple Labs said it should pay closer to $10 million in fines compared to the proposed $2 billion lodged by the SEC last month. Ripple Chief Legal Officer Stuart Alderoty said the SEC’s request was evidence of “its ongoing intimidation” against crypto.
BlackRock’s spot bitcoin ETF registered net inflows for the 70th straight day, putting the instrument in the top 10 of exchange-traded funds with the longest daily streaks of daily inflows.The fund added over $600 million in net inflows on Monday.
- 10:30Omni Network will launch a private mainnet next weekOn November 29, the interoperability protocol Omni Network announced that it will launch its private mainnet next week, with the current progress at 95%. Omni is Ethereum's interoperability layer, allowing developers to program for global applications across the entire Ethereum Rollup ecosystem. When building applications, developers will no longer be forced to build within the scope of a single Rollup or execution environment.
- 10:13A certain whale sold 4.64 million VIRTUAL in the past 12 hours, making a profit of 3.98 million US dollarsSpot On Chain monitoring shows that a certain whale sold 4.64 million VIRTUAL tokens in the past 12 hours at a total price of $5.32 million, realizing a net profit of $3.98 million (+224%). The price of VIRTUAL rose by 52% today, and this whale still holds 5.05 million VIRTUAL tokens, with an unrealized book profit of about $4.99 million (+259%). It is worth noting that at the end of October, this whale bought 17 million VIRTUAL at a low price of $0.382 each and quickly exchanged 7.2 million VIRTUAL for 18.46 million LUNA, but currently this part of the LUNA investment has lost $1.15 million (-39%). If it had not switched positions then, its total profit could have been as high as $16.1million.
- 10:12Analyst: ETH may break through $4,000 before Trump's inaugurationOn November 29, according to Cointelegraph, the price of Ethereum (ETH) is expected to break through $4,000 before 2025 due to increased investor interest and more positive expectations for cryptocurrency regulation. Analysts suggest that ETH could achieve this goal before Trump's official inauguration on January 20. Data shows that Ethereum currently surpasses Bitcoin (BTC) in terms of open contract size, reaching $890 million while Bitcoin stands at $670 million. Meanwhile, ETH's futures returns perform better than BTC's and the inflow of funds into the US spot Ethereum ETF continues to increase, absorbing over $90 million in funds over the past four days. In addition, posts related to ETH on social media platform X have surged by 282% within three days, further reflecting a continuous rise in market attention towards ETH.
