PANews reported on November 24 that according to Yahoo Finance, Sean Farrell, head of digital asset strategy at Fundstra, said in his latest client report that "friends and family" are asking about cryptocurrencies again. Judging from quantifiable market indicators, the current situation does not show the bubble of the March rebound or the cyclical peak at the end of 2021. For example, the current kimchi premium indicator data in the Korean market is about 0%, indicating a lack of over-excitement among Korean traders. Normally, if the market reaches its peak, the kimchi premium will soar to more than 10%. The rise in the past week should not be regarded as a purely speculative boom, and Bitcoin may still have room to rise.

PANews reported on November 24 that according to Bloomberg, Howard Lutnick, the Commerce Secretary nominated by US President-elect Donald Trump, is exploring strengthening financial ties with the operator of Tether, the world's largest stablecoin, and plans to launch a $2 billion project to provide US dollar loans to customers using Bitcoin as collateral.

PANews reported on November 24 that the dollar will continue its rally to the eighth week this week, marking the longest rally this year, and has risen by about 2.6% so far this month. Bitcoin continues to hit new highs and is heading towards $100,000. The latest developments include the decision of Gary Gensler, chairman of the U.S. Securities and Exchange Commission, to step down in January next year. The U.S. PCE data for October and the minutes of the Federal Reserve's November meeting will be the focus of market attention next week.

According to Onchain Lens, a whale lost $385,000 due to the MATL crash. MATL, the token promoted by AI16Z, fell by 94%, resulting in a huge loss of about $385,000.

According to @ai_9684xtpa's monitoring, the whale DZsGo...YjG2L entered the market through fomo when ai16z reached its peak on November 19, and kept buying as the price dropped. He has now covered his position 15 times and invested $1.023 million; his average cost was $0.2044. Due to the controversial remarks made by the founder of ai16z this morning, his floating loss reached as high as $535,000, nearly halving.

A Tether spokesperson said: “Tether’s relationship with Cantor Fitzgerald is strictly professional and based on the management of reserves. The claim that Howard Lutnick’s participation on the transition team somehow meant influence over regulatory actions is untrue.”

According to @ai_9684xtpa monitoring, the whale 5E2d6...BpkPq withdrew 3.22 million JTO from Binance 12 hours ago, with an average price of $3.66, and has now become the asset with the highest holding value. JTO is the project token of Jito Network, the MEV infrastructure of the Solana network. The Dune data panel shows that Jito MEV's single-day income on November 11 was as high as 6,900 SOL (1.45 million US dollars); and the explosive growth of the Solana ecosystem this year has also caused the price of JTO to rise by 119% in the past year.

Musk said on the X platform that he liked the "WOULD" meme. Influenced by this news, the token of the same name quickly rose to over $0.025, and the market value exceeded $20 million.

The Wall Street Journal reported that sources revealed that Wall Street financial services company Cantor Fitzgerald agreed to acquire 5% of the shares of stablecoin issuer Tether in 2023, and the 5% stake was worth up to $600 million when the agreement was reached. This may mean that Tether will gain more political support, as Cantor Fitzgerald CEO Howard Lutnick was appointed as US President-elect Donald Trump's Secretary of Commerce on November 19. Tether's largest shareholder Giancarlo Devasini once said: "Lutnick will use his political influence to try to resolve the threats facing Tether."