Note: The X account is not owned by the original Enron entity. Users should be aware of the risk.

On November 19th, Glassnode released an analysis indicating that the realized losses of short-term holders have witnessed a notable increase. The 7-day moving average has reached $4.27 billion per day, which is the highest level since November 2022. Panic selling has reached its peak and intensified significantly, exceeding the loss levels witnessed during the previous two major lows of this cycle.

On November 19th, according to CoinDesk, the cryptocurrency incubator Obex has completed a financing round with an amount of $37 million. The specific investment team has not been disclosed yet. The new funds will be employed to provide support for the development of yield-bearing stablecoins, which will be led by Framework Ventures, LayerZero, and the Sky ecosystem. The initiative is intended to invest in and fund projects that bring real-world asset (RWA)-backed strategies onto the blockchain. It aims to introduce institutional-grade risk controls and underwriting practices into this rapidly evolving field. Obex will become the latest fund allocator under Sky (formerly known as MakerDAO). Sky is the entity behind the DAI and USDS stablecoins, and the combined market capitalization of these two stablecoins is $9 billion. Through Obex, Sky will utilize its substantial protocol reserves to provide expansion funding for projects and generate returns from these strategies.

On November 19th, as reported by Bloomberg, HSBC Holdings Plc is set to commence offering tokenized deposit services to its corporate clients in the US and the United Arab Emirates during the first half of the next year. Manish Kohli, the Global Head of Payments and Receivables at HSBC Bank, declared that the tokenized deposit service will enable customers to achieve real-time, 24/7 domestic and cross-border fund transfers without being restricted by business hours, thus facilitating large enterprises in managing liquidity more effectively. HSBC Bank's tokenization service has already been launched in Hong Kong, Singapore, the UK, and Luxembourg, and the bank is currently supporting transactions in the Euro, Pound Sterling, US Dollar, Hong Kong Dollar, and Singapore Dollar. Kohli stated that when the service expands to the Middle East next year, the UAE Dirham will be included. According to Kohli, HSBC plans to expand the application scenarios of tokenized deposits in programmable pa

On November 19th, Polygon Labs disclosed that digital bank Revolut has incorporated Polygon as its primary blockchain infrastructure for stablecoin transfers, payments, and transactions. By November 2025, Revolut users had processed a transaction volume of over $6.9 billion through Polygon. Revolut has more than 65 million users in 38 countries, among which there are 14 million cryptocurrency users. Through this integration, users can send and receive USDC and USDT stablecoins on the Revolut app by using the Polygon network. They can enjoy zero-fee remittance services and directly trade and stake the POL token.

November 19th: On Tuesday, US tech stocks witnessed a significant sell-off. Investors became increasingly concerned about the overvaluation of AI companies and were also getting prepared for Nvidia's earnings report which is due later this week. The tech-heavy Nasdaq opened with a decline of approximately 1.8%, while the S&P 500 index dropped by around 1.2%. The core companies driving this year's AI boom have now become the most severely affected on Wall Street. Nvidia (NVDA.O) fell by as much as 3.5%, and Microsoft (MSFT.O), Amazon (AMZN.O), and Meta Platforms (META.O) all saw a drop of around 3%. Joanna Coclan, the Chief Investment Officer of Schroders, stated, "There is no doubt that we are entering the latter stage of the market's upward trend." She emphasized "overvaluation" and a "bubble-like environment." Coclan further said, "We still hold these stocks," but added, "I currently do not recommend passively maintaining positions in the AI-related sector." Jonas Goltermann, the Dep

On November 18th, according to Coinglass data, during the past 24 hours, the total net inflow of ETH on CEXs was 8130.20 ETH. The top three CEXs in terms of inflow volume are as follows: · Binance, with an inflow of 114,000 ETH; · Gate, with an inflow of 4084.04 ETH; · Bybit, with an inflow of 3038.99 ETH. In addition, Bitfinex experienced an outflow of 19,600 ETH and ranked first in the outflow list.