The AA account abstraction is a sophisticated project driven by a researcher's mindset, while the x402 protocol is a pragmatic approach forced by market demand.

According to BlockBeats, a recent report by Wintermute highlights that Bitcoin maintains a strong correlation of 0.8 with the Nasdaq index. However, Bitcoin's trading patterns show a bearish tendency, reacting more significantly to market pessimism than optimism. Throughout this year, Bitcoin's decline on stock market down days has generally been greater than that of the indices, while its gains on up days have been smaller. This pattern was last observed during the bear market of 2022. Wintermute identifies two main factors contributing to this phenomenon. During most of 2025, funds typically directed towards the cryptocurrency sector, including new token issuances, infrastructure upgrades, and retail participation, have shifted towards the stock market. Large-cap tech companies have become the focus for institutions and retail investors seeking high beta/high growth opportunities. While Bitcoin remains correlated with global risk sentiment shifts, it does not proportionally benefit when optimism returns. It acts more like a macro risk 'high beta tail' rather than an independent narrative, with the downside beta effect persisting but the upside narrative premium disappearing. The current liquidity situation in the cryptocurrency market differs from previous risk cycles. Stablecoin issuance has stabilized, ETF inflows have slowed, and market depth on trading platforms has not returned to early 2024 levels. This fragility amplifies negative reactions during stock market corrections. Consequently, Bitcoin's participation in declines remains higher than in rallies, exacerbating this performance discrepancy.

null source: https://x.com/lookonchain/status/1989149310311858409

According to on-chain analytics platform Lookonchain, Machi (@machibigbrother) has closed out his long UNI position, incurring a loss of approximately $481,000. He currently holds a long position of 7,350.7 ETH, with a notional value of approximately $23.58 million and a liquidation price of $3,039.

According to PANews, the Monetary Authority of Singapore (MAS) and the German Federal Bank have signed a memorandum of understanding to collaborate on cross-border digital asset settlement. The agreement aims to develop new settlement solutions to reduce the cost and processing time of transfers between Singapore and Germany. It also seeks to establish universal standards for payments, foreign exchange, and securities flows involving tokenized assets. This initiative builds on MAS's 'Project Guardian,' which focuses on enhancing financial market efficiency through asset tokenization. The memorandum was signed by representatives of both central banks during the Singapore FinTech Festival. Both parties expressed optimism that this collaboration will strengthen financial ties between Singapore and Germany.

According to on-chain analyst EmberCN, an address suspected to be associated with RichardHeartWin sold 4,978 ETH at $3,273 each seven hours ago, receiving approximately 16.294 million DAI. This address had previously deposited 154,000 ETH into Tornado on November 5th and withdrew the aforementioned 4,978 ETH from Tornado on November 8th, subsequently selling them all.

According to PANews, Lookonchain monitoring has revealed that investor Huang Licheng, known by the handle @machibigbrother, has closed his long position in UNI, incurring a loss of $481,000. Despite this setback, he continues to hold a long position of 7,350.7 ETH, valued at $23.58 million, with a liquidation price set at $3,039. His total cumulative losses have now exceeded $17.7 million.

The company revealed that it intends to scale down crypto-mining operations over the next two years and redirect its energy […] The post Bitfarms Plans AI Pivot as Bitcoin Mining Becomes Unsustainable appeared first on Coindoo. source: https://coindoo.com/bitfarms-plans-ai-pivot-as-bitcoin-mining-becomes-unsustainable/

1. Supreme People's Court: Intensify crackdown on gray market activities, focusing on the disposal of virtual currencies involved in cases; 2. CleanCore discloses holding 733 million DOGE, but its stock price falls to its lowest point this year; 3. Canary XRP ETF's first-day trading volume reaches $58 million, the strongest start for an ETF this year; 4. Santiment: Retail investor sentiment turns pessimistic, BTC, ETH, and XRP may be approaching short-term bottom signals; 5. $186 million in liquidations across the network in the past hour, with over 180,000 people liquidated in 24 hours; 6. 21Shares launches two cryptocurrency index ETFs, adopting the US SEC's "1940 Act" regulatory framework; 7. A wallet sells $268,700 worth of URANUS tokens, accounting for 1.08% of the total market capitalization; 8. Musk denies claims of "xAI funding"; 9. Musk: X Money is coming soon; 10. Stable: Mainnet is about to launch; 11. Aztec 11. Token sale launched, initial total supply 10.35 billion; 12. Machi Dage continues to add to his ETH and UNI long positions, currently holding approximately $22 million; 13. Federal Reserve's Kashkari: Inflation rate of 3% is still too high, the economy is sending mixed signals; 14. Investment app Public acquires Alto's crypto business for $65 million; 15. Solana treasury company Upexi launches a $50 million stock buyback program; 16. dYdX community votes to increase protocol fee buyback ratio to 75%; 17. Tether assists Thai police and the US Secret Service in tracking and seizing 12 million USDT from a transnational fraud network; 18. Uniswap launches continuous liquidation auction protocol CCA; 19. Grayscale will apply for an IPO, stock code "GRAY"; 20. CZ: with Peter Schiff The debate may use the argument that "gold is for those who believe in the return of the fax machine"; 21. The US October CPI was not released as expected.

null source: https://x.com/lookonchain/status/1989143504422150201

Minneapolis Fed President Neel Kashkari, in his latest remarks, admitted he "hasn't made up his mind yet," while Cleveland Fed President Hammark went even further, stating that interest rates are "insufficiently restrictive." With the hawkish camp continuing to expand, the December meeting may see even more dissenting votes.

FASB evaluates regulations on reporting cryptocurrency transfers, exploring potential changes and impacts on financial statements. source: https://coincu.com/news/fasb-discusses-crypto-transfer-rules/

The SEC chairman's speech marks a shift in regulatory agencies from "defensive enforcement" to "constructive guidance," and from "technology fear" to "economic rationality."

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse 8 AM," issue 2877, providing you with the latest and fastest news on the digital currency and blockchain industry.

OKX's mission is to make global markets accessible through reliable and transparent technology.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

Stablecoins have established themselves as a core component of the new financial internet, continuously connecting institutions, markets, and individuals in ways that traditional systems cannot match.

SEC, US: A landmark reform: Four types of token regulatory standards end a "chaotic decade" Golden Finance: Are crypto assets securities?

Although the stimulus from favorable regulations is gradually diminishing with the industry downturn, more far-reaching rule-making is still underway.

As stablecoins have expanded faster than expected in recent years, their impact on the international monetary system has become increasingly profound.