Base founder Jesse Pollak said on the X platform that the Hyperliquid project shows that it is a good thing to build a product that people love before adding price complexity. In addition, the Base network has no plans to launch tokens. The team focuses on construction and hopes to solve practical problems and allow people to build better.

According to Whale Alert monitoring, about 1 hour ago, 500 million XRP were unlocked from an unknown wallet in two transactions, with a value of over US$970 million.

Lawyers for Elon Musk have filed for a preliminary injunction against OpenAI, several of its co-founders and its investor and close collaborator Microsoft to stop OpenAI and other defendants from engaging in what Musk's lawyers claim is anti-competitive behavior.

Sonic Labs launched the upgraded testnet 2.0 Blaze in preparation for the mainnet launch. According to previous news, Fantom has been renamed Sonic Labs and plans to launch a new EVM chain Sonic before the end of the year.

MicroStrategy founder Michael Saylor said on the X platform that there are currently 60 listed companies issuing shares to buy Bitcoin. The total Bitcoin holdings of these 60 companies are 522,565. In addition, HODL15Capital data shows that there are currently 12 listed Bitcoin mining companies that do not hold Bitcoin on their balance sheets.

10x Research noted in its market analysis that the cryptocurrency market cap has surged to $3.43 trillion, while Bitcoin’s dominance has fallen from 60% to 56%. Higher overall market cap coupled with declining Bitcoin dominance is often seen as a sign of altcoin season. In crypto, market thesis tend to be self-fulfilling as conviction drives momentum. Since November 17, Solana (SOL) has remained relatively flat while other large-cap altcoins have outperformed. Ethereum (ETH) is up nearly +18%, while Ripple (XRP) has surged +70%. The market cap gap between Solana and Ripple is now just $6 billion, which means a “flip” could happen in a few days, with Ripple potentially becoming the third most valuable cryptocurrency.

According to HODL15Capital statistics, US Bitcoin ETFs purchased 71,570 bitcoins in November; in terms of US dollar value, November was a record month for inflows into US Bitcoin ETFs.

A former Facebook executive revealed that the company's stablecoin and blockchain project (originally called Libra and later renamed Diem) eventually came to an end, causing many employees to leave and switch to other blockchain projects. The project was sold to Silvergate Bank in January 2022, which abandoned the project and wrote off its investment a year later. According to David Marcus, the former head of the project and former Coinbase board member, behind-the-scenes political intrigue was the root cause of the project's failure, which he called "100% political murder" in a long article on X. "There is no legal or regulatory angle for the government or regulators to kill the project. This is 100% political strangulation-executed by intimidating controlled banking institutions."

PANews reported on November 30 that due to the US Thanksgiving holiday, the market ended this week with a certain degree of sluggishness. The lack of liquidity was evident on Thursday and Friday, but the US stock market closed surprisingly strongly this week. Driven by technology and retail stocks, the S&P index hit a new high and recorded its largest monthly increase since November 2023.

PANews reported on November 30 that David Marcus, former head of Facebook's stablecoin Libra and current co-founder and CEO of Lightspark, published an article on the X platform revealing how Libra was "strangled". He said that Libra (then known as Diem) is an advanced, high-performance, payment-centric blockchain, equipped with a stablecoin developed with the Meta (formerly Facebook) team, designed to solve large-scale problems in global payments.

PANews reported on November 30 that according to the Hong Kong Radio website, Hong Kong Securities and Futures Commission CEO Leung Fung-yee reiterated in her latest interview that the licensing of virtual asset trading platforms in Hong Kong will be announced before the end of the year, but did not respond to whether there were any platforms that were "deemed to be licensed" and failed to meet the standards after review. However, the report will disclose the problems that are commonly found when platforms apply for licenses.

PANews reported on November 30 that according to Cointelegraph, the Chicago Mercantile Exchange (CME) Bitcoin futures price broke through the milestone for the second time yesterday after it first hit $100,000 on November 22. The spot price of Bitcoin has not yet reached $100,000. Analysts believe that this trend may drive the spot price to follow up. Data also shows that CME's Bitcoin futures open contracts exceeded 40,000. As of the Thanksgiving holiday on November 28, the CME Bitcoin futures trading volume was $12.3 billion. Due to the strong spot buying on Coinbase during the Thanksgiving holiday, the price difference between the BTC/USD price and the Bitcoin spot price on Binance (or "Coinbase premium") has exceeded $200.

On-chain analyst Ember monitored that smartestmoney.eth transferred all 1.307 million EIGEN (US$5.09 million) bought at the beginning of the month to Binance 15 minutes ago. He bought 1.307 million EIGEN at an average price of US$2.54 at the beginning of the month, and then held it until the current price of US$3.95. If sold, his investment in EIGEN will make a profit of US$1.84 million (+55%).

Yesterday, Grayscale Ethereum Trust ETF ETHE had a daily net outflow of $0.00, and the current historical net outflow of ETHE is $3.366 billion. Grayscale Ethereum Mini Trust ETF ETH had a daily net inflow of $3.3886 million, and the current historical total net inflow of Grayscale Ethereum Mini Trust ETH is $420 million. The Ethereum spot ETF with the largest daily net inflow yesterday was BlackRock ETF ETHA, with a daily net inflow of $250 million, and the current historical total net inflow of ETHA is $2.103 billion. The second is Fidelity ETF FETH, with a daily net inflow of $79.1358 million, and the current historical total net inflow of FETH is $824 million.

Grayscale Bitcoin Mini Trust ETF BTC had a net inflow of $8.636 million in a single day, and the current total net inflow of Grayscale Bitcoin Mini Trust BTC is $723 million. The Bitcoin spot ETF with the largest net inflow in a single day yesterday was BlackRock ETF IBIT, with a net inflow of $137 million in a single day, and the current total net inflow of IBIT is $31.738 billion. The second is Fidelity ETF FBTC, with a net inflow of $106 million in a single day, and the current total net inflow of FBTC is $11.454 billion.