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The well-known decentralized application data platform DappRadar has announced the cessation of operations due to financial unsustainability and issues with its business model. The price of its token, RADAR, has plummeted, and the decline in the GameFi and NFT industries has led to a sharp decrease in revenue. Summary generated by Mars AI This summary was generated by the Mars AI model; the accuracy and completeness of its content are still being iteratively improved.
Quick Take Bitwise’s spot XRP ETF will start trading on Thursday under ticker XRP. There have been a rush of new altcoin ETFs in the U.S. market since the SEC updated its guidance clarifying procedures for firms seeking to roll out crypto ETFs.
Quick Take William Lonergan Hill was sentenced on Wednesday in the U.S. District Court for the Southern District of New York about two weeks after the sentencing of his former colleague Keonne Rodriguez. The pair pleaded guilty in July after initially denying the charges last year.
Quick Take World Liberty said it froze some user accounts in September following third-party security lapses and is beginning to reallocate funds to secure wallets. Earlier this week, Sens. Elizabeth Warren and Jack Reed reportedly asked the Justice and Treasury Departments to investigate alleged WLF token sales to sanctioned entities, citing Accountable.US research.
Bitcoin has slipped below key cost-basis models as spot demand and ETF flows weaken. Derivatives mirror this softness, with falling open interest, cycle-low funding, and options repricing sharply for downside. Rising IV and heavy put demand show the market rotating into protection.
- 11:40Analyst: Bitcoin has bottomed out in the short term, a rebound to $100,000 may occurJinse Finance reported that after several weeks of strong sell-offs, Bitcoin may be forming a short-term bottom. A market analyst believes that market conditions are now in place to support a rebound in Bitcoin toward the $100,000–$110,000 range. Trader Mister Crypto stated that Bitcoin's short-term structure is showing signs of stabilization following what he described as "capitulation selling." He pointed out that indicators related to trader behavior show that as market sentiment plunged into extreme fear, large players have started to open new long positions—a combination that has historically signaled a rebound during downturns. One of the main technical signals he cited is the RSI (Relative Strength Index) on Bitcoin's weekly chart, which is currently approaching the 30 level. He said, "We are seeing the bottom for Bitcoin right here. RSI is already near 30. Boom (bottomed out)." The analyst noted that in previous cycles, this area has often closely coincided with market bottoms. Although he cautioned that this does not guarantee a new bull market has begun, it usually signals at least a short-term reversal. Another factor supporting the rebound view is the current distance between Bitcoin and the 50-week moving average (around $102,000). According to the analysis, in past cycles, after Bitcoin fell below this moving average, it often rebounded back to this level. The current expectation is that Bitcoin may see a rebound, pushing the price back into the six-figure range, before a deeper trend might develop in the future. The macro environment is also adding to short-term optimism. He pointed out that the market expects quantitative tightening (QT) may be coming to an end, and there is speculation that another rate cut could occur at the upcoming monetary policy meeting. These two developments typically ease financial conditions, which is favorable for risk assets like Bitcoin.
- 11:23Data: Machi Big Brother increased his long position in Ethereum to 8,400 ETH and placed multiple sell orders for HYPE and ETH.According to ChainCatcher, Hyperbot data shows that "Brother Machi" Huang Licheng has increased his 25x leveraged Ethereum long position to 8,400 ETH, with a liquidation price of approximately $2,882. At the same time, he has reduced his 10x leveraged HYPE long position to 215,000 HYPE, with a liquidation price of around $30. In addition, "Brother Machi" has placed a limit sell order at the $3,030 price level, and so far has placed a total of 11 sell orders in the $3,010-$3,100 range, as well as 4 HYPE sell orders in the $36-$37 range.
- 11:10Data center overheating causes CME trading interruption for over 10 hours, backup data center not activatedJinse Finance reported that from the evening of November 27 to the morning of November 28 local time, a key data center used by the Chicago Mercantile Exchange Group in the United States suspended service for more than 10 hours due to overheating. It is reported that this critical data center is located in Aurora, a western suburb of Chicago. After the air conditioning equipment failed, the temperature in the data center rose to nearly 49 degrees Celsius, about 48% higher than the maximum temperature stipulated by U.S. industry regulations, resulting in the service interruption. It is currently unclear why CME did not activate its backup data center in the New York area. Some sources speculate that the possible reason is that major traders quoted on CME lack sufficient technical infrastructure at the backup data center, and therefore prefer to wait for the Aurora outage to be resolved. (Golden Ten Data)