Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

On November 24th, Adam, a researcher at Greek.live, posted on social media, suggesting that the English-speaking community has demonstrated a distinct bearish sentiment regarding the weekend's price increase. They generally have little trust in the low-liquidity rebound during the U.S. holiday. Most traders are keeping an eye on $60,000 as a potential bottom buying position and $88,000 as the weekly closing resistance level. At the same time, they are expecting the price to retrace towards the CME closing price of approximately $85,000.

On November 24th, LookOnChain made a post on social media stating that Tom Lee's BitMine purchased 69,822 ETH the previous week (approximately $197.25 million), and currently holds 3,629,701 ETH (approximately $10.25 billion). The average purchase price is approximately $3,997, and BitMine currently has an unrealized loss of $4.25 billion.

On November 24th, according to official information, Binance Futures will automatically carry out liquidation and settlement for the perpetual contracts of PONKEUSDT, SWELLUSDT, and QUICKUSDT at 09:00 (UTC) on November 28, 2025. After the settlement is completed, these contracts will be officially removed from the listing.

On November 24th, according to official information, Monad (MON) has now been listed on Coinbase and the Coinbase App. Coinbase users can log in to carry out activities such as buying, selling, converting, or storing these assets.

On November 24th, according to official information, BitMine Immersion Technologies declared that the total amount of its holdings in cryptocurrencies, cash, and "venture investments" has reached 11.2 billion US dollars. As of 7:30 PM Eastern Time on November 23rd, the company's cryptocurrency holdings consist of 3,629,701 ETH, 192 BTC, equity in Eightco Holdings valued at 38 million US dollars, and 800 million US dollars in unlevered cash. "BitMine currently holds 3% of the overall Ethereum network supply. In the past week, we have added 69,822 coins to our ETH holdings," said BitMine Chairman Thomas "Tom" Lee. "The 'US-manufactured Validator Network' that is set to be launched in early 2026 will be a benchmark solution providing secure staking infrastructure."

On November 24th, Bloomberg ETF analyst Eric Balchunas took to social media and stated that there would be five physically-backed cryptocurrency ETFs commencing in the following six days. Apart from Grayscale's GDOG, there would be Grayscale and Franklin's XRP Spot ETF, Bitwise's Dogecoin ETF, and Grayscale's LINK Spot ETF. The exact figures are currently not available, but it is anticipated that more than 100 cryptocurrency ETFs will be introduced within the next six months.