1. Market Prices Continue to Decline: What Happened to Whales, DAT, and ETFs? On November 21, 2025, Bitcoin fell to $83,400, Ethereum fell below $2,800, and the total market capitalization of cryptocurrencies dropped below $3 trillion, currently trading at $2.97 trillion, a 24-hour drop of 8.7%. [Click to read more at https://www.jinse.cn/blockchain/3725261.html] 2. US Stocks Experience Epic "Plunge": Bitcoin Severely Affected, What's Happening in the Market Again? On the evening of November 20, the US September non-farm payroll data was released, showing better-than-expected job growth but a rising unemployment rate. Although the three major US stock indices opened significantly higher, they quickly reversed course and fell sharply during the session, staging an epic "high open, low close." Cryptocurrencies were affected by this and experienced another rapid decline in the early hours of today, followed by a slight rebound in the morning. Bitcoin fell below $87,000, briefly touching $86,100, with a 24-hour drop exceeding 3%; Ethereum briefly fell below $2,800, touching $2,790, with a 24-hour drop exceeding 3.3%. Data shows that $823 million in positions were liquidated across the network in the past 24 hours, including $695 million in long positions and $128 million in short positions. [Click to read more] 3. Pantera: The Privacy Renaissance - The Next Era of Blockchain Since the birth of Bitcoin, the core concept of the blockchain industry has been transparency—an open and immutable ledger for everyone; building trust through verification rather than institutional reputation. This transparency enables decentralized systems to maintain integrity and accountability. Click to Read

4. Fusaka Upgrade: Making Ethereum Cash Flow Oriented

The Fusaka upgrade marks a key moment in Ethereum's development, introducing a roadmap guided by clear strategic priorities. This shift signifies the maturation of Ethereum governance, moving from a decentralized decision-making model to a more coordinated and goal-oriented protocol development process.

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5. Stablecoins Are Not "Stable"

If you stand on the streets of Buenos Aires or in the electronic markets of Lagos, you will notice a peculiar phenomenon: locals' trust in their own currencies has plummeted to rock bottom, and the app on their phones displaying their "USDT" or "USDC" balances has become their last line of defense for asset security. Meanwhile, financial elites around the world are watching the breathtaking candlestick charts on their screens—not the wild fluctuations of Bitcoin, but the instantaneous drop of stablecoins that claimed to be "always equal to $1." Click to Read