24-Hour Hot Cryptocurrencies and News | DOGE Denies Shutdown Rumors; Monad Mainnet Officially Launched and TGE Completed (November 25)

1. Popular cryptocurrencies on CEXs

Top 10 CEX trading volumes and their 24-hour price changes:

• BTC: +1.55%
• ETH: +5.61%
• SOL: +6.1%
• XRP: +10.69%
• BNB: +3.16%
• DOGE: +5.24%
• ALLO: +31.22%
• STRK: +0.55%
• AVAX: +5.45%
• HBAR: +1.27%

24-Hour Gainers List (Data Source: OKX):

• PARTI: +56.35%
• ALLO: +30.67%
• RESOLV: +21.9%
• NAVX: +19.67%
• SUI: +15.3%
• BONK: +14.48%
• TNSR: +13.96%
• ACT: +14.45%
• IOST: +13.44%
• ENA: +12.59%

Headlines

DOGE: Reuters' report about its closure is fake news.

Odaily Planet Daily reports that the DOGE (United States Department of Government Efficiency) stated in a post on the X platform that the Reuters report about its shutdown is fake news. The department will resume its routine Friday updates in a few days.

The American people have authorized President Trump to modernize the federal government and reduce waste, fraud, and abuse. Last week alone, the department terminated 78 wasteful contracts, saving taxpayers $335 million.

Monad mainnet launched, with an initial lock of 50.6% of the total MON token supply.

Odaily Planet Daily reports that the Monad mainnet has officially launched. The MON token sale on Coinbase has been completed, with 85,820 participants committing $269 million. According to Monad's tokenomics, the MON token supply is 100 billion, with 50.6% initially locked and gradually unlocked by the end of 2029. In addition to the 7.5% supply provided through Coinbase, Monad has reserved over 3.3 billion MON tokens (approximately 3.3% of the total 100 billion supply) for community airdrops. (The Block)

Market news: Upbit will seek a Nasdaq IPO after the merger.

According to a report by Bloomberg cited by Aggr News, Upbit, South Korea's largest stock exchange, will seek an IPO on Nasdaq after its merger.

Binance recovers illegally obtained Alpha airdrop proceeds and freezes user assets.

According to @cryptobraveHQ, Odaily reports that Binance appears to have initiated a crackdown on illegal arbitrage activities during the Alpha airdrop, freezing multiple user accounts. One account has had 14,457 USDT frozen, with an outstanding balance of 10,525.77 USDT. Screenshots show Binance stating that users "violated regulations on the Alpha platform and improperly obtained airdrops." Binance co-founder He Yi subsequently responded that "ordinary users are not affected."

Industry News

Multiple institutions simultaneously sold off Strategy shares in Q3, amounting to approximately $5.38 billion.

According to CryptoSlate, institutional investors significantly reduced their holdings of Strategy (MSTR) stock in the third quarter, selling positions worth approximately $5.38 billion. The value of institutional holdings fell from $36.32 billion to $30.94 billion, a decrease of 14.8%.

The report analyzes that this sell-off was not due to forced liquidation caused by a market crash. Bitcoin remained relatively stable during the quarter, with the price hovering around $95,000, and MSTR's stock price also traded sideways around $175.

The total ETH holdings of 68 Ethereum treasury entities have surpassed those of the Ethereum ETF.

According to data from Odaily Planet Daily, the total ETH holdings of Ethereum treasury entities have surpassed those of the Ethereum ETF. Currently, the total ETH holdings of 68 Ethereum treasury entities are approximately 6.29 million ETH, worth about $17.59 billion; while the total holdings of the Ethereum ETF are approximately 6.23 million ETH, worth about $17.39 billion.

Franklin Templeton's XRP ETF has received listing approval from the NYSE, with a fee rate of 0.19%.

According to Odaily, Franklin Templeton's XRP ETF has received listing approval from the NYSE Arca and has officially submitted its certification to the SEC. This means the fund has met all exchange requirements and is about to launch.

A recent disclosure from Franklin Templeton reveals that the ETF, named Franklin XRP Trust, will be listed on the NYSE Arca under the ticker symbol XRPZ and will charge an annual sponsorship fee of 0.19% based on net asset value. The sponsor plans to fully waive this fee for the initial $5 billion of assets held until May 31, 2026.

Bloomberg analysts expect XRP and LINK spot ETFs to be listed this week.

According to a post on the X platform by Bloomberg ETF analyst Eric Balchunas, five spot cryptocurrency ETFs will be launched in the next six days. Besides Grayscale's GDOG, there will be a Grayscale and Franklin Templeton XRP spot ETF, as well as Bitwise's Dogecoin ETF and Grayscale's LINK spot ETF. While exact figures are not yet available, it is expected that over 100 cryptocurrency ETFs will be available in the next six months.

Antalpha, a crypto-finance company affiliated with Bitmain, has launched a $10 million stock buyback program.

Odaily Planet Daily reports that Antalpha, a Nasdaq-listed crypto-financial technology company affiliated with Bitmain, announced its board of directors has approved a $10 million share buyback program. The program will run until December 31, 2026. The proposed buybacks will be conducted through the open market at prevailing market prices, and may also be carried out through privately negotiated transactions, block trades, and/or other legally permissible methods, depending on market conditions and in compliance with applicable laws and regulations. (Globenewswire)

Binance Alpha will list Sparkle (SSS), with an airdrop threshold of 256 Alpha points.

According to official news from Odaily Planet Daily, Binance Alpha will list Sparkle (SSS), and Alpha trading will officially begin on November 24, 2025 at 10:00 (UTC). Users with at least 256 Alpha Points can receive an airdrop of 640 SSS tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the points threshold will automatically decrease by 5 points every 5 minutes. Please note that claiming the airdrop will consume 15 Binance Alpha Points. Users must confirm their claim on the Alpha event page within 24 hours, otherwise it will be considered as a forfeiture of the claim.

Project News

Port3 Network: Will launch a token migration program, during which team tokens will be burned to offset unauthorized minting.

Odaily Planet Daily reports that Port3 Network announced on its X platform that it will launch a token migration plan to ensure ecosystem stability and protect user assets. The main points are as follows:

1. The snapshot was completed after the attack (UTC time 20:56), and all tokens will be migrated at a 1:1 ratio, so users will not suffer any losses. The migration will also take place on the CEX.

2. Tokens will be distributed to affected users through multiple on-chain distributions.

3. The new token contract will only be deployed on BNB Chain.

4. 162.75 million team tokens will be burned to offset the unauthorized minting of tokens during the attack, ensuring that the total supply remains unchanged.

We are currently in communication with the exchange to review the new token contract, and the reopening time for deposits, withdrawals, and trading will be announced after confirmation.

Investment and Financing

Revolut's valuation reached $75 billion in its latest stock sale.

Odaily Planet Daily reports that fintech company Revolut Ltd. has reached a valuation of $75 billion in its latest equity sale, a significant increase from $45 billion last year. The round was led by Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research Company, with participation from Nvidia's venture capital arm NVentures, Andreessen Horowitz, Franklin Templeton, and accounts managed by T. Rowe Price. (Bloomberg)

Regulatory policies

Federal Reserve officials have explicitly advocated for interest rate cuts, and market expectations for a December rate cut have surged to over 70%.

According to Odaily Planet Daily, after Federal Reserve officials publicly disagreed on interest rate levels, market expectations for a December 10 rate cut were widely doubtful. However, following comments from New York Fed President Williams supporting a rate cut, market sentiment dramatically shifted, with investors and economists generally believing that the Fed is highly likely to implement a rate cut in December.

South Korea's virtual asset tax may face its fourth postponement, with its implementation in 2027 uncertain.

According to a report by Kim Gap-rae, a senior researcher at the Korea Capital Markets Institute, the virtual asset tax policy, originally scheduled for implementation in 2027, may face its fourth postponement. Despite three previous delays, key institutional flaws remain unresolved, including a lack of clear definitions and standards for various revenue streams such as lending yields, airdrops, and hard forks.

In particular, the tax rules for peer-to-peer (P2P) transactions on overseas exchanges are almost nonexistent, which may lead to unfair tax burdens between domestic exchange users and overseas platform users. The government expects to achieve full taxation only after the 48-country virtual asset information sharing agreement comes into effect in 2027.

South Korean financial regulators have imposed sanctions on several cryptocurrency exchanges.

According to Odaily, the Financial Information Analysis Institute (FIU) of South Korea is expected to impose sanctions on several domestic virtual asset exchanges for violating anti-money laundering obligations. The financial authorities plan to impose institutional and personnel sanctions and fines on the exchanges based on a "first-in, first-out" principle, following the order in which on-site inspections are conducted.

Following its sanctions against Dunamu, the FIU plans to impose sanctions on the remaining virtual asset exchanges. Previously, the Financial Supervisory Service (FSS) had conducted on-site inspections of Upbit, Bithumb, Coinone, Korbit, and GOPAX since last year to examine their compliance with anti-money laundering obligations, including violations of Know Your Customer (KYC) procedures.

Characters * Voices

Arthur Hayes: The Federal Reserve's quantitative tightening policy will end on December 1st, and the $80,000 support level for Bitcoin will hold.

According to Odaily Planet Daily, Arthur Hayes posted on the X platform that liquidity has improved slightly, and the Federal Reserve's quantitative tightening (QT) policy will end on December 1st, with this Wednesday potentially marking the final decline in the balance sheet. Furthermore, US banks increased lending in November. He believes that Bitcoin's price will fluctuate below $90,000, possibly testing the lower end of the $80,000 range again, but the $80,000 support level will hold.

DeFiance CEO: Altcoins are experiencing their worst period since FTX, but this also presents an undervalued investment opportunity.

Odaily Planet Daily reports that DeFiance Capital CEO Arthur Cheong stated in an article on X that this may be the worst period for altcoins since the FTX crash in November 2022. More than half of the traded instruments are at all-time lows, and even with Bitcoin's rebound, they show no signs of stopping their decline. However, for investors with an investment horizon of more than a year, the current market is brewing severely undervalued investment opportunities.