According to Odaily Planet Daily, Yi Lihua stated in an article on the X platform that the WLFI team has been continuously investing and repurchasing, resulting in a recent 50% increase in WLFI against the market trend. Research data shows that ETH is being heavily shorted by multiple platforms and institutions, potentially leading to a short squeeze. Compared to four years ago, ETH's price is severely undervalued due to favorable conditions such as stablecoins, ETFs, DAT, and government policies.

According to data from SoSoValue, as reported by Odaily Planet Daily, the XRP spot ETF saw a net inflow of $35.41 million yesterday (November 25th, Eastern Time).

The XRP spot ETF with the largest single-day net inflow yesterday was the Bitwise XRP ETF, with a net inflow of $21.3 million. The total historical net inflow of XRP has now reached $156 million.

The second largest inflow was the Franklin XRP ETF (XRPZ), with a net inflow of $7.12 million in a single day. The total historical net inflow for XRPZ has reached $69.72 million.

As of press time, the XRP spot ETF has a total net asset value of $645 million, an XRP net asset ratio of 0.49%, and a historical cumulative net inflow of $622 million.

According to Odaily Planet Daily, Tom Lee believes that ETH may fall to $2,500 in the short term, but could see a 3 to 4-fold increase by January next year, reaching $7,000 to $9,000.

According to Odaily Planet Daily, Nick Tomaino, founder of 1confirmation, stated on the X platform that the prediction market Polymarket has become one of the most visited websites globally, with 15.8 million visits in October, an 80% increase from August. In contrast, Coinbase's visits declined during the same period. Currently, some large financial institutions are injecting billions of dollars of liquidity into prediction markets, exploring prediction trading in areas such as sports, entertainment, and culture. More and more people are using Polymarket as a trusted source of information, and it is projected that Polymarket's platform visits will surpass Coinbase's by 2026.

According to Odaily Planet Daily, Strategy Research published an article on the X platform stating that if the price of BTC falls to its average cost of $74,000, its asset-to-convertible bond ratio will still be 5.9. If the price of BTC falls to $25,000, the ratio will be 2.0.

A ratio of 2.0 means that the company still has twice the amount of Bitcoin assets as its debt, the debt risk remains within a controllable range, and the assets can still fully cover the debt.

According to official news, BenFen, a stablecoin payment public chain, has completed its mainnet upgrade to v1.24.2, officially launching its native "privacy payment function," which is verifiable, leak-proof, and ready to use immediately. This function implements end-to-end encryption of accounts, balances, and transaction paths at the protocol layer, ensuring data security while maintaining on-chain verifiability, focusing on enhancing privacy and security in stablecoin payment scenarios.

This capability was developed under the leadership of the BenFen team and implemented in collaboration with State Labs. It adopts a combination of Move VM reinforcement + MPC + TSS (threshold signature sharding) scheme, and the signing and authorization process is completed in a distributed manner. The private key is not exposed in plaintext, and the second-level experience is maintained under high-performance consensus.

BenFen's native ecosystem application, BenPay, has deeply integrated the underlying privacy payment capabilities of the public blockchain. This feature is now fully open, focusing on meeting users' privacy needs in areas such as large transfers, bulk payments, and salary disbursements. It supports users in creating privacy wallets with a single click, converting stablecoins into privacy coins that can be used for payments and receipts; and completely hiding transaction amounts and identity information throughout consumption and transfer scenarios.

According to Odaily Planet Daily, Cathie Wood's Ark Invest continued to increase its holdings of crypto-related stocks on Tuesday to capitalize on the price decline and broader crypto market downturn.

According to its transaction documents, Ark Invest purchased $13.5 million worth of Block. Inc. stock, $7.6 million worth of Circle Internet Group stock, and $3.86 million worth of Coinbase stock through its multiple exchange-traded funds (ETFs).

Ark Invest primarily holds shares in these three companies through the Ark Innovation ETF (ARKK). As of Tuesday, Coinbase was the fund's fourth-largest holding, valued at $391 million, representing approximately 5.22% of its portfolio. ARKK also holds Circle for $179 million and Block for $85.2 million.

In addition, Ark Invest also purchased $1.52 million worth of Bullish stock, $878,794 worth of Robinhood Markets stock, and $2.8 million worth of its own Ark-21Shares spot Bitcoin ETF on Tuesday.

Ark Invest has been consistently increasing its holdings of crypto-related stocks in recent weeks, taking advantage of their recent market underperformance. Block.com shares closed up 2.96% at $63.69 on Tuesday, but are down 20.54% over the past month. USDC issuer Circle shares fell 3.62% to $70.11 on Tuesday, 51% lower than a month ago. Coinbase shares fell 0.72% on Tuesday, and are down 30% over the past month.

According to an article by Jeff Park, an advisor at Bitwise, Bitcoin's traditional four-year cycle is driven by a combination of mining economics and behavioral psychology, but in the future, Bitcoin will follow a "two-year cycle" driven by a combination of "fund manager economics" and "ETF footprint-based behavioral psychology".

He argues that in the old cycle, the halving of supply shocks and the resulting reflexive herd behavior were reliable drivers, but the influence of the supply side is now less significant. The analysis of the new cycle is based on three main assumptions:

Investors evaluate Bitcoin investments within a one- to two-year timeframe.

The inflow of funds from professional investors through ETFs will dominate Bitcoin's liquidity, with ETFs serving as a proxy indicator for tracking.

The analysis does not consider the selling activities of OG whales (who are still the largest supply setters in the market).

Jeff Park argues that year-end profit and loss (YTD P&L) is a key factor in the asset management industry because annual performance determines fund fees (especially for hedge funds). When fund managers lack sufficient early-year profits as a buffer, they are more inclined to sell their riskiest positions as the year-end approaches. A research report points out that capital inflows mechanically drive up returns, and high returns attract even more inflows; this cyclical reversal takes nearly two years.

Based on this, he analyzed possible scenarios for fund managers to assess Bitcoin positions:

Scenario 1 (2024): Bitcoin rises by 100%, far exceeding the institutional compound annual growth rate (CAGR) threshold of 30%.

Scenario 2 (2025): Bitcoin has fallen 7% year-to-date. To reach the target, investors would need to achieve a return of more than 50% over the next two years.

Scenario 3 (Two-Year Holding): Investors have achieved an 85% gain, slightly above the 70% return required for a 30% CAGR. At this point, a rational fund manager might consider selling to lock in profits, protect their reputation, and demonstrate the value of their "risk management" as a premium service.

Jeff Park believes Bitcoin is currently approaching an increasingly important price level of $84,000, which represents the total cost basis of the ETF from its inception to the present. He points out that the majority of the ETF's positive profits came in 2024, while ETF inflows in 2025 were almost entirely unprofitable (except for March). The largest monthly inflow occurred in October 2024 (when BTC had already reached $70,000).

He explained that this setup could be bearish because investors who invested at the end of 2024 but didn't reach the return threshold will face a decision point as the two-year period approaches. If the market enters a bear market, the reason will no longer be the four-year cycle, but rather the two-year cycle's failure to allow fund managers to bring in new capital at the right entry points to offset profit-taking by exiting investors.

He concluded that the future will no longer solely focus on monitoring the average cost basis of ETF holders, but rather on the average profit movement trend categorized by purchase time. He believes this will be the biggest source of pressure on future Bitcoin price movements, liquidity supply, and circuit breaker mechanisms, leading to a "dynamic two-year cycle." He emphasized that if Bitcoin prices stagnate, it will be negative for Bitcoin in the institutional era because asset management is a "cost of capital" business; if Bitcoin investment returns are compressed to below 30% due to price stagnation, it will lead to investor selling. He believes that buyers (fund managers) are more predictable than in the past four-year cycles, and the reduced importance of supply constraints means that this more predictable behavior will dominate.

Odaily Planet Daily reports that Bitget has launched its 19th Contract Trading Club Championship, with a total prize pool of 50,000 BGB. Users can participate in the contract trading leaderboard competition, ranked according to their cumulative contract trading volume. The top 600 users will unlock corresponding rewards, with a maximum of 1,400 BGB per person. This prize pool covers USDT-margined, coin-margined, and USDC contracts.

Detailed rules have been published on the Bitget official platform. Users can click the "Join Now" button to register and participate in the event. The event ends on December 2nd at 23:59:59 (UTC+8).

According to data from SoSoValue, most crypto markets rose, with the AI sector up 1.98% in the last 24 hours. Bittensor (TAO) rose 7.29%, and KAITO (KAITO) rose 12.53%. Meanwhile, the SocialFi sector rose 1.98%, with Toncoin (TON) rising 2.96% within the sector. Additionally, Bitcoin (BTC) rose 0.04%, surpassing $88,000; Ethereum (ETH) rose 1.24%, approaching $3,000.

Other sectors that performed well include: DeFi, up 1.69% in the last 24 hours (Ethena (ENA) up 10.28%); Meme, up 1.44% (SPX6900 (SPX) up 13.55%); Layer 1, up 0.69% (Kaspa (KAS) up 12.73%); and CeFi, up 0.27% (NEXO (NEXO) up 2.32%).

In other sectors, the Layer 2 sector fell 1.20%, while zkSync (ZK) bucked the trend and rose 6.10%; the PayFi sector fell 2.12%, but Dash (DASH) rose 2.40%.

The crypto sector indices, which reflect the historical performance of the sector, show that the ssiNFT, ssiSocialFi, and ssiMeme indices rose by 2.19%, 1.55%, and 1.49%, respectively.

Odaily Planet Daily reports that Ethena (ENA) tokens officially launched for spot trading today on the decentralized derivatives trading platform Hyperliquid, powered by the Unit protocol. Users can now deposit, withdraw, and trade ENA on the Hyperliquid platform.

According to Onchain Lens monitoring, a whale deposited $2 million USDC into HyperLiquid to increase its short position in HYPE with 10x leverage.

Currently, the position is valued at $2.9 million, holding 84,388 HYPE tokens, with pending orders to further increase the short position in the $34.6 to $35 range.

According to Odaily Planet Daily, Uniswap Labs announced on the X platform that its Uniswap fee switch proposal contract has been deployed to the Ethereum mainnet and is ready for on-chain voting. Anyone who discovers a serious vulnerability will receive a reward of up to $15.5 million.

According to Bitget data, XION has broken through 0.48 USDT and is currently trading at 0.4776 USDT, representing a 24-hour increase of 38.96%. (Odaily Planet Daily)

Previously, it was reported that Bithumb launched the XION Korean Won trading pair.

Odaily Planet Daily reports that Bithumb has added the following new market: XION Korean Won.