24-Hour Hot Cryptocurrencies and News | BTC briefly dips below $87,000; Aster S3 airdrop checker opens today (December 1st)

1. Popular cryptocurrencies on CEXs

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

• BTC: -4.14%
• ETH: -5.18%
• SOL: -5.85%
• XRP: -6.04%
• BNB: -4.41%
• DOGE: -6.42%
• ZEC: -15.54%
• SUI: -7.42%
• BCH: +2.55%
• ADA: -6.15%

24-hour gainers list (data source: OKX):

• J: +32.42%
• HUMA: +10.85%
• LSK: +10.16%
• TNSR: +9.70%
• PARTI: +6.78%
• BAND: +5.29%
• VELO: +2.91%
• ZRO: +2.66%
• BCH: +2.55%
• COMP: +2.37%

24-hour cryptocurrency stock gainers list (data source: msx.com ):

1. BNC.M: 17.76%
2. CLSK.M: 13.75%
3. BITF.M: 13.55%
4. FGNX.M: 12.85%
5. AGQ.M: 12.68%
6. STKE.M: 11.92%
7. DEFT.M: 11.51%
8. CAN.M: 10.87%
9. INTC.M: 10.79%
10. CRCL.M: 10.04%

2. Top 5 trending on-chain memes (data source: GMGN ):

1. JSTR
2. SOLAMA
3. WM
4. GBS
5. MoonPay

Headlines

BTC briefly dipped below 87,000 USDT, a 4.15% drop in the last 24 hours.

OKX market data shows that BTC briefly fell below 87,000 USDT, a 4.15% drop in the last 24 hours.

Aster: The S3 airdrop checker will open on December 1st, and token redemption will continue until January 15th next year.

Perpetual contract DEX Aster has released its latest Stage 3 airdrop schedule. The S3 airdrop checker is expected to open for queries on December 1st at 20:00. The official statement indicates that the claim window for the airdropped tokens will open on December 15th, 2025 at 20:00 and will continue until January 15th, 2026 at 20:00.

The People's Bank of China held a meeting to crack down on speculation in virtual currency trading, emphasizing the risks of stablecoins.

The People's Bank of China convened a meeting of its coordination mechanism for combating speculation in virtual currencies on November 28. Officials from the Ministry of Public Security, the Cyberspace Administration of China, the Supreme People's Court, and the Supreme People's Procuratorate attended the meeting. The meeting noted a recent resurgence of speculation in virtual currencies, with related illegal and criminal activities occurring frequently. The meeting reiterated that virtual currencies lack legal tender status and specifically pointed out that stablecoins, as a form of virtual currency, currently cannot effectively meet customer identification and anti-money laundering requirements, posing risks such as being used for money laundering and illegal cross-border fund transfers. All departments will continue to adhere to the "prohibitory policy" towards virtual currencies, focusing on information and capital flows, and will continue to severely crack down on related illegal financial activities.

CoinShares withdraws its SEC filing regarding staking Solana ETFs.

Asset management firm CoinShares officially withdrew its application to the U.S. Securities and Exchange Commission (SEC) on Friday for a staked Solana ETF. The filing shows that the registration statement was originally intended to register shares related to a ultimately unsuccessful transaction; no shares were actually sold, and no future sales will be made under the statement. Previously, REX-Osprey and Bitwise launched staked SOL ETFs in the U.S. in June and October, respectively. Although these ETFs attracted over $369 million in inflows in November, the price of SOL has recently been weak, hitting a five-month low of around $120. (Cointelegraph)

Industry News

Michael Saylor has released another Bitcoin Tracker update, and may disclose his increased BTC holdings next week.

Strategy founder Michael Saylor has once again released information related to Bitcoin Tracker. Based on past patterns, Strategy typically discloses its Bitcoin holdings the day after such news is released.

Tianfeng Securities is under investigation by the China Securities Regulatory Commission (CSRC); its subsidiary has already obtained approval in Hong Kong to provide virtual asset trading services.

Tianfeng Securities announced that the China Securities Regulatory Commission (CSRC) has issued a "Notice of Case Filing" to investigate the company for suspected violations of information disclosure regulations and illegal financing, in accordance with the Securities Law, the Administrative Penalty Law, and other relevant laws and regulations. A non-bank analyst believes that if Tianfeng Securities is ultimately subject to administrative penalties, it will negatively impact the company's business operations and financing, potentially leading to liquidity constraints. Tianfeng Securities previously disclosed that its wholly-owned subsidiary, Tianfeng International Securities & Futures Limited, has obtained approval from the Hong Kong Securities and Futures Commission (SFC) to acquire a Type 3 license related to virtual assets, enabling it to provide virtual asset trading services through integrated account arrangements. (Caixin)

The UK government will implement new crypto tax rules from January 2026 to crack down on tax evasion.

The UK's HM Revenue and Customs (HMRC) has released new guidance announcing new rules aimed at combating cryptocurrency tax evasion, effective January 1, 2026. According to the guidance, cryptocurrency exchanges operating in the UK must begin collecting detailed transaction records and complete information from all UK customers. HMRC will use the collected data to cross-check users' tax returns to ensure tax compliance, and violators will face sanctions. Furthermore, the UK's new guidelines align with the OECD's crypto-asset reporting framework, aiming to increase transparency in the digital asset market. (CoinDesk)

Project News

Upbit plans to gradually restore deposit and withdrawal functions starting December 1st.

South Korean cryptocurrency exchange Upbit officially announced that deposit and withdrawal functions will be restored in phases starting at 1 PM on Monday, December 1, 2025. Initially, the restored functions will be for network digital assets whose wallet system has passed inspection and whose deposit and withdrawal security has been confirmed, including Akash Network digital assets AKT, Ethereum ecosystem assets: 1INCH, AAVE, ADT, etc. Due to security vulnerability fixes and wallet system maintenance, all digital assets will require a new deposit address. Previously, Upbit suspended deposits and withdrawals due to the theft of $36.8 million worth of Solana network assets.

HyperLiquid co-founder: No external financing has been conducted, therefore there is no unlocking of HYPE tokens for investors.

According to community news, HyperLiquid co-founder Iliensinc clarified on Discord that HyperLiquid has never conducted any external financing, therefore there is no unlocking of HYPE tokens for investors. As of now, a total of 1.75 million tokens have been distributed to various team members, and different team members have different lock-up arrangements and can decide how to handle their unlocked tokens.

Sahara AI: An internal investigation has been launched into the abnormal market fluctuations; the platform does not pose any security or product risks.

Sahara AI stated that the team has noticed the unusual market fluctuations and is closely monitoring the situation. Sahara has launched an internal investigation to analyze the specific driving factors behind the fluctuations. Currently, the platform is operating normally, and no security vulnerabilities or product-level anomalies have been found.

Stablecoin protocol STBL announces the launch of its rewards claim feature.

Stablecoin protocol STBL announced on the X platform that its rewards claiming feature is now live. Eligible contributors can visit the official page, log in with their X account, and link their wallets to claim their rewards. STBL added that the use of multi-factor staking in STBL dApps and the amount of USST minted will be incorporated into the rewards evaluation and will affect the leaderboard score, ensuring that deeper participation and genuine ecosystem contributions are reflected in the rewards leaderboard score.

KlarnaUSD, the first stablecoin from Swedish payment giant Klarna, has been launched ahead of schedule.

Swedish payment giant Klarna officially announced the early launch of its first stablecoin, KlarnaUSD, on the Tempo blockchain, supported by Paradigm and Stripe. The stablecoin was originally planned for launch in 2026. According to the company, stablecoins have already reached an annual transaction volume of $27 trillion, and Klarna will subsequently bring faster and cheaper cross-border payments to 114 million customers. The large-scale adoption of cryptocurrencies is timely, and this is just the beginning. Klarna's annual GMV exceeds $118 billion; its Q3 financial report showed record-high quarterly performance since the company's IPO, with quarterly revenue surging to $903 million, GMV growth of 23%, and revenue growth of 51% in the United States.

Characters * Voices

Hassett: I would be very happy to serve as Federal Reserve Chair if nominated by Trump.

White House National Economic Council Director Hassett said he would be "very happy to serve" if President Trump nominated him to be the Federal Reserve Chairman. (Jinshi)

Strategy CEO: We will only consider selling Bitcoin if the stock price falls below net asset value and we cannot obtain new funding.

In a recent interview, Strategy CEO Phong Le stated that the company would only consider selling Bitcoin if its share price fell below net asset value and it could not secure new funding. However, he emphasized that this was not a long-term policy shift or a proactive sell-off plan, but rather a "financial decision" to be made only in extreme market and capital environment deterioration. Strategy released a new "BTC Credit" dashboard this month in response to recent market concerns about its debt and liquidity. The company claims that even with a prolonged period of low Bitcoin prices, its debt structure and cash flow coverage remain robust. (Cointelegraph)

Peter Schiff: Bitcoin falls while gold and silver surge; this divergence may continue into 2026.

Economist and longtime Bitcoin critic Peter Schiff wrote on the X platform that despite MSTR and several Bitcoin reserve companies continuously promoting the narrative and purchasing large amounts of Bitcoin throughout 2025, Bitcoin is still down about 4% year-to-date with only one month left in the year. He stated that in stark contrast, gold and silver have risen by about 60% and 95% respectively this year, without much hype or concentrated institutional buying. Schiff said this divergence in performance "is likely to continue into December and 2026."

Arthur Hayes: If Tether's gold and Bitcoin holdings fall by about 30%, USDT will theoretically become insolvent.

Arthur Hayes posted on the X platform that Tether is in the early stages of a large-scale interest rate trade. Tether believes the Federal Reserve will cut interest rates, which will reduce its interest income, so it is buying gold and BTC as a countermeasure. If its gold and BTC holdings fall by about 30%, it will deplete its equity, and theoretically, USDT will face the risk of insolvency.

Alliance DAO co-founder: Fee/revenue ratio is an objective indicator for assessing L1 competitive advantage.

QwQiao, co-founder of Alliance DAO, stated on the X platform that the fee/revenue ratio is an objective indicator for assessing L1 moats. Other indicators are less objective. If a project has a solid competitive advantage and operates in a growing market, it should generate more revenue over time. Conversely, without a moat, a project will either lose market share or be forced to maintain it through price wars, both of which will ultimately lead to fees remaining constant or decreasing in the long term. It's important to note that the lack of a moat doesn't necessarily mean a project lacks value; it might simply mean that the value is delivered to customers rather than retained by the project itself.

Beijing Business Today: The People's Bank of China defines stablecoins for the first time; industry analysts believe this will not affect Hong Kong's stablecoin strategy.

The Beijing Business Daily published an article today titled "Speculation Rises Again, People's Bank of China Cracks Down on Virtual Currencies Again and Defines Stablecoins for the First Time," which points out that at a recent meeting of the coordination mechanism for combating virtual currency trading and speculation, the People's Bank of China (PBOC) defined stablecoins for the first time, clarifying that stablecoins are a form of virtual currency. Currently, they cannot effectively meet requirements for customer identification and anti-money laundering, and pose a risk of being used for illegal activities such as money laundering, fundraising fraud, and illegal cross-border fund transfers. The PBOC reiterated its commitment to continuously cracking down on illegal financial activities related to virtual currencies. However, industry insiders believe that this meeting will not affect the development of stablecoins in Hong Kong, but stablecoin speculation in mainland China will be severely punished. The potential for domestic entities to develop stablecoins in Hong Kong will be greatly reduced, limiting their applications to practical scenarios such as cross-border payments and supply chain finance.