The head of South Korea’s top financial regulator has “temporarily” dismissed the idea of establishing a national Bitcoin reserve. Kim Byung-hwan, chairman of the Financial Services Commission (FSC), made the remarks in a television interview Nov. 24.

Andrew Kang, partner of Mechanism Capital, wrote on the X platform in the early morning: "The current decentralized science (DeSci) field feels like the DeFi era in early 2019. Although everything is still in its infancy and very experimental, everyone involved can feel its huge potential. Current projects may not use the same model or products in the future because they are being developed through iterations. Maker, Synthetix, and Aave were also some bulky small-cap projects in 2019, but now they have grown into large protocols. Here are some of the most interesting projects I think: BIO Protocol, Pump Science, GLP1."

Digital bank ZA Bank announced that it has become the first bank in Asia to provide cryptocurrency trading services to retail users. Starting today, it will provide the trading of two virtual currencies, Bitcoin and Ethereum, in Hong Kong dollars and US dollars on its app.

PANews reported on November 24 that Token Unlocks data showed that IMX, ADA, APEX and other tokens will usher in large-scale unlocking next week, among which: Immutable (IMX) will unlock about 24.52 million tokens at 8:00 am Beijing time on November 29, which is 1.47% of the current circulation and worth about 40.5 million US dollars; Cardano (ADA) will unlock about 18.53 million tokens at 8:00 am Beijing time on November 26, which is 0.05% of the current circulation and worth about 18.9 million US dollars; ApeX (APEX) will unlock about 9.24 million tokens at 8:00 am Beijing time on November 27, which is 19.09% of the current circulation and worth about 17.8 million US dollars; Yield Guild Games (YGG) will unlock about 14.08 million tokens at 10:00 pm Beijing time on November 27, which is 3.65% of the current circulation and worth about 8.6 million US dollars; Ethena (ENA) will unlock about 12.86 million tokens at 3:00 p.m. Beijing time on November 27, which is 0.45% of the current circulation and worth about $7.8 million; SingularityNET (AGIX) will unlock about 7.95 million tokens at 8:00 a.m. Beijing time on November 28, which is 2.25% of the current circulation and worth about $5.1 million; Artificial Superintelligence Alliance (FET) will unlock about 3.45 million tokens at 8:00 a.m. Beijing time on November 28, which is 0.13% of the current circulation and worth about $5 million; Eigenlayer (EIGEN) will unlock about 1.29 million tokens at 3:00 a.m. Beijing time on November 27, which is 0.69% of the current circulation and worth about $3.5 million; Velo (VELO) will unlock about 182.8 million tokens at 8:00 a.m. Beijing time on November 28, which is 2.47% of the current circulation and worth about $3.3 million; Hooked Protocol (HOOK) will unlock approximately 4.17 million tokens at 8:00 a.m. Beijing time on November 25, which is 2.05% of the current circulation and worth approximately US$2.3 million; Venom (VENOM) will unlock approximately 33.76 million tokens at 4:00 p.m. Beijing time on November 25, which is 1.79% of the current circulation and worth approximately US$2.2 million; Crown by Third Time Games (CROWN) will unlock approximately 4.63 million tokens at 8:00 a.m. Beijing time on November 29, which is 2.11% of the current circulation and worth approximately US$1.7 million.

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.