According to Odaily Planet Daily, Yi Lihua posted on the X platform that ETH has returned to $3,000, the extreme panic has passed, and he remains optimistic about the future market trend.
According to data from Coinglass, as reported by Odaily Planet Daily, 108,205 people worldwide were liquidated in the past 24 hours, with a total liquidation amount of $276 million.
Of these, long positions were liquidated for $77.1661 million, and short positions were liquidated for $199 million.
The largest single liquidation occurred in Hyperliquid - BTC-USD, valued at $3.1606 million.
According to Odaily Planet Daily, the World Federation of Exchanges (WFE) sent a letter this week to the U.S. Securities and Exchange Commission (SEC), stating that the SEC may plan to grant regulatory exemptions to crypto companies to sell “tokenized” shares, which could harm investors’ interests.
Several crypto companies plan to sell crypto tokens pegged to publicly traded stocks to retail investors, allowing them to gain exposure without directly owning the shares. However, to sell these products in the United States, crypto companies not registered as broker-dealers require a no-action letter or exemption from the SEC.
SEC Chairman Paul Atkins has stated that the agency is developing an "innovation exemption" for securities laws to allow crypto industry players to experiment with new business models.
In a letter dated November 21, the World Federation of Exchanges (WFE) stated that such exemptions could pose a risk to market integrity and undermine investor protection. WFE members include the US Nasdaq and the German Deutsche Boerse.
WFE CEO Nandini Sukumar told Reuters, "The SEC should avoid granting exemptions to companies that are trying to circumvent regulatory principles that have protected the market for decades."
The SEC published the WFE's letter on its website but declined to comment.
WFE stated that it "supports innovation" and called tokenization "a natural evolution of capital markets." James Auliffe, head of WFE's technical working group, said, "We and crypto platforms should compete on a level playing field, and we should abide by the same rules."
Issuers of tokenized stocks say that integrating blockchain technology into the stock market can improve trading efficiency. Auliffe stated that the current stock market is already very efficient. (Reuters)
According to Odaily Planet Daily, based on monitoring by on-chain analyst Ai Yi, the ETH long position held by the whale (0xb31...83ae) with a 5x leverage is currently showing a floating profit of $1.139 million. This position holds 15,000 ETH, valued at $45.32 million, with an opening price of $2,945.83 and a current mark price of $3,022.2.
According to Odaily Planet Daily, OKX market data shows that MERL has broken through 0.55 USDT and is currently trading at 0.54325 USDT, with a 24-hour increase of 149.77%.
Previously reported, MERL was trading at 0.235 USDT, down 31.98% in the last 24 hours, and Bithumb announced a suspension of MERL deposits and withdrawals.
According to Odaily Planet Daily, on-chain analyst Yu Jin reported that Machi Dage deposited $1 million on Monday to open long positions in ETH and HYPE, and currently has a floating profit of $1.08 million. His $23 million worth of long positions in ETH and HYPE remain open, with ETH opened at $2914 and HYPE at $33.5.
According to Onchain Lens, SpaceX has transferred 1,163 BTC to a new address, worth $105.23 million.
According to Odaily Planet Daily, on-chain analyst Yu Jin reported that pump.fun transferred 75 million USDC to Kraken 8 hours ago. In the 12 days since November 15th, pump.fun has cumulatively transferred 480 million USDC obtained through its ICO sale to Kraken.
The pump.fun team previously stated that the fund transfer was intended to diversify the company's operations so that funds could be reinvested, not to withdraw capital. Coincidentally, early this morning, after 75 million USDC were deposited into Kraken, 69.26 million USDC were transferred from Kraken to Circle.
According to Odaily Planet Daily, Bitcoin critic and economist Paul Krugman stated in a blog post that the recent decline in Bitcoin (BTC) is not a coincidence, but rather related to the loss of poll numbers for US President Trump, who supports cryptocurrencies.
In his Substack article, "The Trump Trade is Unraveling," Krugman wrote that Trump's plummeting poll numbers have had a negative impact on the price of Bitcoin.
He believes that because Trump promised to support the digital asset industry and promoted pro-cryptocurrency policies, Bitcoin has effectively become a bet on "Trumpism".
He added that President Trump's power has significantly diminished, leading to a reduction in his efforts to promote cryptocurrencies, which in turn has affected the price of Bitcoin.
Krugman has long been a critic of Bitcoin. He argues that Bitcoin is economically useless, neither a medium of payment nor a hedge against inflation, and behaves more like a more volatile tech stock. (Decrypt)
According to Odaily Planet Daily, Deutsche Bank predicts that gold prices may approach $5,000 per ounce in 2026 and break through this key psychological level in 2027.
Michael Hsueh, an analyst at the bank, pointed out that after the market completes its position clearing, central bank demand for gold will continue, and with the re-entry of exchange-traded funds (ETFs), gold prices are expected to climb to a high of $4,950 per ounce in 2026.
In a report released Wednesday, Michael raised his average gold price forecast for next year from $4,000 to $4,450 per ounce. For 2027, he gave a target of $5,150 per ounce.
Although gold prices fell by about 10% from their October peak, they have since recovered half of that loss. This analyst observed that "gold is breaking historical patterns"—price volatility in 2025 is expected to be the highest since 1980. At that time, persistent market concerns about inflation, fiat currency devaluation, and a global debt spiral had driven gold prices to record highs.
He emphasized that the remarkable performance of gold prices in this round was not solely due to the depreciation of the US dollar, which makes it all the more remarkable.
Michael expects global central bank "official" and "rigid" demand to continue driving up gold prices in 2026. Central bank gold purchases reached 220 tons in the third quarter, the third highest on record, significantly exceeding second-quarter figures despite already high gold prices. He cited a central bank official who stated that gold is "the ultimate safeguard against the tail-end risk of black swan events."
After four consecutive years of outflows, gold ETFs are expected to return to net inflows in 2025. Michael believes the recent profit-taking wave may have subsided, based on the slight daily fluctuations in net buying and selling. He thinks the $3,900 per ounce support level will hold.
Michael observed a certain causal pattern in the flow of funds in gold ETFs (price direction determines fund inflows and outflows), and pointed out that the beginning of the year is usually the period when gold's seasonal performance is most active. Backtesting data from the past 20 and 30 years shows that gold generally shows positive month-on-month growth in January and February.
Finally, based on data from the first nine months, Michael estimates that total gold production in 2025 will reach 3,693 tons, a supply response that appears extremely limited in the face of high prices. His model projects a supply of 3,715 tons for next year, implying that demand is likely to continue to outpace supply. (Jinshi)
JPMorgan Chase economists have revised their forecasts, now believing the Federal Reserve will begin cutting interest rates in December, reversing the bank's assessment a week earlier that policymakers would postpone rate cuts until January. A research team led by the bank's chief U.S. economist, Michael Feroli, said on Wednesday that statements from several key Fed officials, particularly New York Fed President Williams, supporting recent rate cuts prompted them to reassess the situation. Following the delayed release of the September jobs report last week, JPMorgan Chase had initially predicted that interest rates would remain unchanged in December. Currently, JPMorgan Chase expects the Fed to implement two 25-basis-point rate cuts, one in December and one in January. "We are re-locking our final rate cut timing to January," Feroli wrote in a report to clients. "While the outcome of the next FOMC meeting remains uncertain, we believe the latest round of statements from Fed officials has tipped the scales in favor of a December rate cut." (Jinshi)
Odaily Planet Daily reports that the U.S. Securities and Exchange Commission (SEC) has released new guidance that could accelerate the approval timeline for cryptocurrency exchange-traded funds (ETFs).
These updates were released following a prolonged government shutdown that resulted in a backlog of over 900 registration filings. The SEC issued technical guidance outlining how issuers can proceed with ETF applications under Sections 8(a) and 461 of the Securities Act of 1933.
Key changes in the new guidelines that will expedite the approval process include:
On September 17, 2025, the SEC approved a common listing standard for commodity trust shares on Nasdaq, Cboe BZX Exchange, and NYSE Arca. This eliminated the need for each eligible crypto ETP (Exchange-Traded Product) to receive separate Section 19(b) approval.
Regarding documents submitted during the government shutdown, the guidelines confirm that registration declarations without extension provisions will automatically take effect 20 days later under Section 8(a).
The new SEC directive allows issuers to choose automatic implementation or to request expedited implementation under Rule 461 for a faster listing. (cointelegraph)
According to Odaily Planet Daily, market data shows that BANANAS31 has risen above 0.005 USDT, currently trading at 0.0058 USDT, with a 24-hour increase of 66.5%.
Odaily Planet Daily reports that the U.S. Treasury Department has announced an index figure based on the index contingency provisions of its Treasury Inflation-Protected Securities (TIPS). In a press release, the Treasury stated that the index figure for October 2025 is 325.604. For payment obligations that rely on the October 2025 CPI, the Treasury will use this index figure as the basis for calculations. Even if the Bureau of Labor Statistics (BLS) subsequently releases the actual October 2025 CPI, the Treasury will not replace this index figure. (Jinshi)
Odaily Planet Daily reports that the Federal Reserve's Beige Book indicates multiple reports suggest squeezed corporate profit margins, potentially due to financial pressure from tariffs. (Golden Ten)
According to Odaily Planet Daily, Hyperbot data shows that "Brother Machi" has continued to increase his long positions in ETH and HYPE, and currently has a floating profit of $875,000. Specifically:
ETH long positions: Position value $16.76 million, unrealized profit $613,000;
HYPE long position: Position value $4.42 million, unrealized profit $250,000.
