November 30th, according to Crowdfundinsider, the Wyoming Stablecoin Committee has launched the stablecoin Frontier Stable Token (FRNT) testnet faucet. Anyone with a digital wallet can now connect to their website and request up to 1000 "tFRNT" tokens to their public address every 24 hours.

November 30th, Arthur Hayes engaged in a war of words with Monad co-founder Keone Hon over "Monad as a high FDV low circulating supply VC coin." In response to Keone Hon inviting Arthur Hayes to experience the Monad mainnet, Arthur Hayes once again responded, stating, "Unlock all tokens now, and you'll be very different from all the so-called Ethereum killers before. I bet you will definitely succeed."Previously, Arthur Hayes stated in an interview that Monad (MON) is "another high FDV (Fully Diluted Valuation), low circulating supply VC coin." This token structure itself poses a huge risk to retail investors, potentially facing a 99% crash. Early pumps usually occur, followed by a brutal sell-off after the token unlocks for insiders. It will become another "bear chain." Arthur Hayes believes that most new Layer-1 networks will eventually fail, with only a very few surviving in the long term.

November 30th, Nasdaq's Head of Digital Assets Strategy, Matt Savarese, stated that they consider the SEC approval of their tokenized stock plan a top priority and will "move it forward as quickly as possible." The team now needs to focus on evaluating public feedback. Nasdaq's goal is not to overturn the existing securities system but to enable everyone to participate in this journey and bring tokenization into the mainstream. Nasdaq hopes to advance all of this in a responsible and investor-centric manner within the SEC's regulatory framework.Previously, Nasdaq had formally submitted a rule change proposal to the SEC, seeking to allow regulated trading platforms to support tokenized stocks and ETF trading on its exchange. If approved, this proposal would make the U.S. mainstream securities exchange the first to legitimately offer on-chain securities trading alongside traditional stocks.

November 30th, according to CME's "FedWatch" data, the probability of a 25 basis point Fed rate cut in December is currently at 86.4%, with a 13.6% probability of the rates remaining unchanged. Since the unexpected drop in U.S. initial jobless claims on November 26th, the probability of a rate cut has remained high.The probability of the Fed holding rates steady until January 2026 is 10%, with a 67% probability of a cumulative 25 basis point rate cut, and a 23% probability of a cumulative 50 basis point rate cut.The next two FOMC meeting dates for the Fed are December 10th and January 28th, 2026.

November 30th, the dYdX community proposed a new initiative called the "Liquidation Rebates Pilot Program." Starting on December 1, 2025, a one-month pilot program will be launched to reward traders who have experienced a liquidation event with points and rebates, with rewards of up to $1 million.

November 30th, according to Tokenomist data, Hyperliquid's first token unlock was conducted on November 29th at 15:30 Beijing time, unlocking 9.92 million HYPE tokens worth $312 million, accounting for 2.66% of the circulating supply. According to market data, there was no significant price fluctuation after this unlock, with HYPE now trading at $34.4, a 1.43% decrease in the past 24 hours, and a 7.9% increase for the week.This unlock is the first since the TGE in November 2024. According to the official Medium article, core contributor tokens were locked for one year post-TGE, with the majority of vesting scheduled between 2027 and 2028.Arthur Hayes previously elaborated on the reasons for selling HYPE on September 22nd: Large-scale unlocks are the "Sword of Damocles"

November 30th, according to CoinDesk, payment company Truther announced a partnership with Visa to launch an "unhosted" USDT Visa card. The card allows users to directly spend USDT held in their own wallets — no need for preloading, and does not rely on any third-party custody. At the time of payment, Truther will instantly deduct the corresponding USDT from the user's self-hosted wallet for real-time settlement.Truther stated that its long-term plans include expanding services to countries such as Argentina, Mexico, Colombia, Russia, and integrating more local stablecoins into its self-hosted wallet.

November 30th, Monad co-founder Keone Hon responded to "Arthur Hayes Suggests Monad May Experience a 99% Crash" by saying, "I have a lot of respect for all that you have done for this industry. In the past few days, I have seen you mention Monad multiple times. While I believe some of your comments may have been taken out of context, I thought you might be interested in understanding what sets Monad apart and why it is not just 'another L1.' Monad has adopted a lot of innovation, and the team is highly motivated. The ecosystem is just getting started, but there is already a large group of young, extremely eager builders developing new applications. If you'd like to try out the network with some MON, please let me know, and I'd be happy to send you some. Once again, thank you for your significant contributions to the industry. See you on-chain!"Previously, Arthur Hayes stated in an interview that Monad (MON) is "another high FDV (Fully Diluted Valuation), low circulating supply VC coin." This token structure itself poses a significant risk to retail investors and may experience a 99% crash. Typically, there is an early pump followed by a brutal sell-off after the token unlock for insiders. It could become another "bear chain." Arthur Hayes believes that most new Layer-1 networks will ultimately fail, with only a few managing to survive long term.

November 30th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the "1011 Insider Whale" has closed their ETH short position and made a profit of $55,000, with a final liquidation price of $2,989.85.Yesterday afternoon, the "1011 Insider Whale" opened a new 5x ETH short position with a position size of $15 million ($5,000 ETH), entry price of $3,001.81, and liquidation price of $5,056.

November 30th, BitMEX co-founder Arthur Hayes stated in an interview that Monad (MON) is "yet another high FDV (Fully Diluted Valuation), low circulating supply VC coin." This token structure itself exposes retail investors to significant risk, potentially leading to a 99% crash. Typically, there will be an early pump, followed by a brutal sell-off after insiders' token unlocks. It will become another "bear chain."Arthur Hayes believes that most new Layer-1 networks will eventually fail, with only a few surviving in the long term. He listed protocols he believes will survive the next cycle: Bitcoin, Ethereum, Solana, and Zcash.

on November 30, Dunamu & Partners, an investment subsidiary of Dunamu, the parent company of South Korea's largest cryptocurrency exchange Upbit, announced its digital asset holdings as of November 2025. The institution, whose invested digital assets have been traded on Upbit, will undergo a lock-up period of at least three months from the beginning of trading and will publicly disclose its holdings at the end of each month to maintain transparency. This month's disclosure shows that Dunamu & Partners currently holds 2081.84950412 BTC.

November 30th. According to Cointelegraph, U.S. SEC Commissioner Hester Peirce said in an interview that the "self-custody" of crypto assets and financial privacy are fundamental rights. She emphasized, "Why should I be forced to custody my assets through someone else? People should have the right to self-custody their assets. Forcing asset custody to a third party is bewildering; online financial privacy should be the default state, not default public."These remarks come as the "CLARITY Act" (Crypto Market Structure Act) faces a delay in its review until 2026. The act was originally intended to include provisions on crypto asset "self-custody rights," anti-money laundering rules, asset classification, and other regulations.

November 30, according to LookIntoChain monitoring, a newly created address associated with Bitmine received 16,693 ETH from FalconX this morning, worth $50.1 million.

November 30th, according to LookIntoChain monitoring, a dormant Ethereum ICO address that has been inactive for over 10 years, "0x2dCA," was activated this morning. It transferred 5 ETH to a new address for testing and then moved the remaining 39,995 ETH, worth approximately $1.194 billion.This address originally purchased 40,000 ETH for about $12,400 during the ICO phase, resulting in a cumulative return of approximately 9,639x based on the current price.

November 30th, BitMEX co-founder Arthur Hayes posted a message stating that the Tether team is in the early stages of conducting a large-scale carry trade. My interpretation of the Tether reserve audit report is that they believe the Fed will cut interest rates, which will severely impact their interest income. In response, Tether is buying gold and BTC; in theory, when the currency price (interest rate) falls, these assets should skyrocket. The "gold + BTC position" dropping by about 30% would wipe out their equity capital, and then USDT would theoretically be insolvent. I believe some large holders and trading platforms will request real-time access to Tether's balance sheet to assess counterparty risk.Get your popcorn ready; mainstream media is expected to hype this up, especially those editors suffering from "Trump Derangement Syndrome" (TDS), who want to seize the opportunity to attack Lutnick and Cantor, the main supporters of this stablecoin. Mentioned are "Commerce Secretary Howard Lutnick and his financial services company Cantor Fitzgerald, the main backers and partners of Tether".

November 30th, Sahara AI officials stated that they have noticed unusual price fluctuations of the SAHARA token and have initiated an internal investigation. Currently, there are no security risks or product-related issues on the Sahara platform, and further updates will be provided in due course.According to HTX market data, yesterday evening SAHARA experienced a sharp 50% drop to $0.03468, with its market cap halved to $106 million, and has since slightly rebounded to $0.044.

November 30th. This week, due to the Thanksgiving holiday in the United States, market trading volume has been consistently low, which is a typical feature of Thanksgiving trading. However, due to a data center outage at the CME Group on Friday, the spot prices of gold and silver experienced significant volatility. After the futures prices recovered, they continued to rise, with the price of gold surging nearly $150 this week, returning to above $4200. On the data front, U.S. September PPI and retail sales data performed poorly, and the weekly private sector employment data released by ADP was also quite weak.On Tuesday at 9:00 AM, Federal Reserve Chair Powell gave a speech at a commemorative event;On Tuesday at 11:00 PM, Federal Reserve Board Governor Bowman made a statement to the House Committee.On Wednesday at 9:15 PM, U.S. November ADP Employment Numbers;On Wednesday at 9:30 PM, U.S. September Import Price Index MoM;On Wednesday at 10:15 PM, U.S. September Industrial Production MoM;On Wednesday at 10:45 PM, U.S. November final S&P Global Services PMI;On Wednesday at 11:00 PM, U.S. November ISM Non-Manufacturing PMI;On Thursday at 9:30 PM, U.S. Initial Jobless Claims for the week ending November 29th;On Friday at 11:00 PM, U.S. December 1-year Inflation Rate Expectation preliminary value, December University of Michigan Consumer Confidence Index preliminary value, September Core PCE Price Index YoY, September Personal Spending MoM, September Core PCE Price Index MoM.If service sector activity in November shows healthy growth again, it will support the hawks within the Federal Reserve internally, and if it suddenly falls to 50.0 or lower, it will support immediate rate cut justifications. Equally important is the ADP employment report next Wednesday. The official November non-farm payroll report will not be released until December 16th, and with the October report canceled, the ADP private employment survey will provide a crucial update on the labor market.

November 29th, according to HTX market data, SAHARA experienced a short-term plummet of 50%, currently trading at $0.03584, with its market cap "halved" to $106 million.

November 29, according to Coinglass data, the entire network liquidated $159 million in the past 24 hours, with long liquidations totaling $121 million and short liquidations totaling $38.1523 million.In the past 24 hours, a total of 84,258 people were liquidated globally, with the largest single liquidation occurring on OKX - BTC-USDT-SWAP amounting to $2.3577 million.

November 29th, according to Cointelegraph, after experiencing several weeks of intense selling pressure, Bitcoin may be forming a short-term bottom. A market analyst believes that the market conditions are in place to drive Bitcoin towards a rebound to the $100,000-$110,000 range.Trader Mister Crypto stated that Bitcoin's short-term structure is showing signs of stabilization, following what he called a "surrender sell-off." He pointed out that indicators related to trader behavior show that as market sentiment plunged into extreme fear territory, large players have begun to open new long positions, a combination that historically indicates a rebound during a downturn. One of the key technical signals he referenced is the Relative Strength Index (RSI) on the Bitcoin weekly chart, which is currently approaching the 30 level. He said: "We are seeing Bitcoin's bottom right here. RSI is close to 30. Boom (bottom)."The analyst noted that in the past few cycles, this area has often aligned closely with the market bottom. While he cautioned that this does not guarantee the start of a new bull market, it usually signals at least a temporary reversal. Another factor supporting the rebound view is the current distance between Bitcoin and the 50-week moving average (around $102,000). According to analysis, in past cycles, Bitcoin has often retraced to this level after falling below this average. The current expectation is that Bitcoin may experience a rebound to bring the price back to the five-figure range before a deeper trend may emerge in the future.The macro environment has also added to the short-term optimism. He noted that the market expects quantitative tightening (QT) to potentially end soon, and there is speculation that there may be another rate cut at the upcoming monetary policy meeting. These two developments often relax the financial environment, which is positive for risk assets like Bitcoin.