Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

On November 20th, as per DL News, the South Korean regulatory body is mulling over permitting tech behemoths to issue their own stablecoins. An unidentifiable industry source disclosed that the Financial Services Commission (FSC) of South Korea is earnestly contemplating a proposal that would enable companies outside the financial sector to issue stablecoins. Certain industry insiders are apprehensive about this. They hold the view that allowing technologically advanced large fintech companies to enter the stablecoin market could erode the competitiveness of banks, resulting in an IT-driven "competition" between banks and tech giants. President Lee Jae-myung had pledged to "open up" the South Korean stablecoin market to domestic participants prior to his election in June. Nevertheless, efforts to fulfill this pledge have thus far been stymied by South Korean banks, which are opposed to non-financial companies having the issuance rights.

On November 20th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the smart money that took a position in WBTC at the bottom of 16933 USDT in late 2022 is still in the process of selling. Beginning from yesterday, a total of 176.17 WBTC has been sold (approximately $15.79 million), with an average selling price of $89,679, resulting in a profit of $12.815 million. Currently, there are still 280.479 WBTC remaining on the chain, with a value of $25.73 million.

On November 20th, as per the monitoring of Onchain Lens, a "gambler" who was linked to Roobet and Stake.com had all their ZEC short positions in 4 wallets liquidated completely. The total account loss exceeded $10.4 million. They established a $16.75 million USD ZEC short position on November 17th, and the liquidation price was $757.

November 20th: Since November, the BlackRock Bitcoin Spot ETF (IBIT) has experienced a net outflow of $1.7822 billion. Just yesterday alone, there was a record-breaking outflow of $0.5232 billion. Over the past five trading days, the continuous net outflows have led to a shrinkage of its market value by $1.4 billion, marking the highest consecutive trading day market value loss in its 22-month history. IBIT currently manages assets exceeding $73 billion and is the largest among all spot Bitcoin ETFs. In the first four months after its establishment, the fund almost saw no outflows.

On November 20th, as monitored by EmberCN, 3 hours ago, 5,533 ETH (equivalent to 16.52 million US dollars) were transferred from the SharpLink address to the Galaxy Digital OTC wallet. Since early yesterday morning, a total of 10,975 ETH (amounting to 33.54 million US dollars) has been transferred from the SharpLink address to Galaxy Digital.

On November 20th, the 21Shares Solana Spot ETF was officially approved and is scheduled to start trading with the code TSOL, which offers staking support.