Analyst: Strong Buyer Confidence Drives Bitcoin to New Heights

Trader 0xDa44 deposited $380K into @Aster_DEX yesterday and opened a 9x long on 3.11M $GRAM ($3.86M). He's now sitting on $404.8K(+94.34%) in unrealized profit.

Trader 0xDa44 deposited $380K into @Aster_DEX yesterday and opened a 9x long on 3.11M $GRAM ($3.86M). He's now sitting on $404.8K(+94.34%) in unrealized profit.

Hong Kong police have dismantled a cross-border money laundering syndicate that laundered over HK$150 million in criminal proceeds between August and October this year, arresting 22 people. The Criminal Investigation Department of the New Territories North Regional Headquarters launched a two-day operation codenamed "Thunder Web" starting November 10, searching a guesthouse, a subdivided flat, and a shop disguised as a virtual currency over-the-counter (OTC) trading platform. Police said the syndicate recruited mainland Chinese nationals to open dummy accounts in Hong Kong, then arranged personnel to withdraw cash from ATMs using bank cards distributed by the group. The cash was sent to the aforementioned shop, where masterminds laundered the funds via virtual currency transactions and other methods. Among the 22 arrested, 21 are male and 1 female, aged 21 to 54: two are local residents, and 20 are mainland Chinese holding two-way permits. Investigations found two local core members controlled the money laundering hub; one mainland "runner" was responsible for recruiting cash withdrawers, distributing bank cards, and collecting/transporting cash; another 19 mainland members acted as account-opening brokers, cash withdrawers, and dummy account holders. Police seized over 1,600 bank ATM cards, approximately HK$5.85 million in cash, and more than 200 mobile phones.

Bitcoin Core has publicly disclosed three previously patched security vulnerabilities, one rated high-severity. The high-severity flaw, CVE-2025-62861, impacts versions 28.0 through 28.2 and 29.0 through 29.1. During chain reorganization, the "evict siblings" rule for version 3 transactions is incorrectly enforced, potentially removing a transaction from the mempool while retaining its descendants, leading to inconsistent mempool state. Affected miner nodes cannot generate valid block templates and require a restart to resume block production. The issue was discovered and responsibly disclosed by Niklas Goegge in September 2025. The other two vulnerabilities are medium-severity. CVE-2025-62859, reported by Eugene Siegel, allows malicious nodes to exploit segwit malleability in compact blocks to delay a peer’s block processing by up to roughly 10 minutes. This attack can be repeated if the attacker controls all three of the peer’s high-bandwidth peers, or if the peer operates in -blocksonly mode. CVE-2025-62860 affects nodes with non-default -whitelist settings where the whitelisted range covers Tor proxy addresses. Incoming Tor connections may be incorrectly granted whitelist privileges, weakening some denial-of-service (DoS) protections and privacy safeguards. Bitcoin Core noted that thousands of accessible mainnet nodes had this setting open to incoming Tor connections; nodes without the configuration enabled are not impacted. Patches for the vulnerabilities were rolled out in releases including 30.0 (published October 10, 2025), 29.2 (October 14, 2025), and the subsequent 28.3. The last affected version reached end-of-life on October 27 this year.

Nick Timiraos, chief economic correspondent at The Wall Street Journal and widely known as the "Fed mouthpiece", wrote in a new article that after the release of the third consecutive stronger-than-expected inflation report, a December interest rate hike by the Federal Reserve is now all but certain. The real question is the pace of hikes: whether to continue with 25 basis point increases per meeting, a one-off 50 basis point hike, or signal a series of consecutive 25 basis point increments. Timiraos noted that a rate hike at the Fed’s December 8-9 policy meeting is all but a done deal, with the bigger question being how quickly the central bank will act, and whether this remains the moderate adjustment of two to three additional rate hikes envisioned by multiple officials, or the start of a longer campaign to cool the economy and bring down inflation. Fed Governor Christopher Waller, who last week had supported holding rates steady, said ahead of the data release that if October’s core CPI rose around 0.3% month-over-month, a 50 basis point hike should be considered in December – and the data released that day matched exactly that scenario. Dallas Fed President Lorie Logan also signaled after the data release that, given current inflationary pressures, it may be necessary to speed up the pace of rate hikes, a tactical decision that typically falls to the Fed Chair.

Renowned trader Ansem issued a buy call for meme coin "mihao", which surged 50% in a short period, hitting a $17 million market cap. Ansem noted that "mihao" could help revive positive on-chain sentiment, as the token has avatar community attributes, facilitating social dissemination and community expansion, and features Chinese elements that may attract both Eastern and Western whales to accumulate. Ansem also claimed the on-chain market has bottomed out. Earlier today, Ansem updated his X profile picture, which references meme coin "mihao" — a cat modeled after the Chinese pinyin "nihao". According to GMGN data, "mihao" currently has a $17.5 million market cap, with a 24-hour trading volume of $47.2 million, and its price has risen over 26 times in a single day. BlockBeats reminds users that related tokens are highly volatile, so investment caution is advised.