ZEC Breaks $685, Rebounds Approximately 24% from Local Low

On November 20th, the Uniswap Foundation disclosed its unaudited financial summary for the quarter ending September 30th. This summary includes $54.4 million in US dollar cash and equivalents, 15.3 million UNI tokens, and 241 ETH. Based on the closing price as of September 30, 2025, the value of the token holdings amounted to $1.166 billion. By the end of the third quarter of 2025, the Foundation had accumulated operating expenses of $6.6 million. It had also realized $141.4 million in donations, dividends, and interest income. Among this amount, $2.5 million was spent in a single quarter, generating $0.5 million in revenue. The operating cycle is anticipated to continue until January 2027. The funds are allocated as follows: a total of $1.083 billion for grant commitments and incentive funds, with $92.4 million allocated for commitments between 2025 and 2026, and $15.8 million set aside as a reserve for unpaid early commitment grants. $32.6 million is allocated to cover operating exp

On November 20th, according to Emmett Gallic's monitoring, the WLFI team carried out an emergency function this morning. They destroyed 166,667,000 WLFI from the compromised address (with an approximate value of $22.14 million) and reallocated the funds to a recovery address. This function is formulated for two situations: when investors lose wallet access before token distribution or when malicious accounts obtain WLFI through a vulnerability.

On November 20th, as monitored by Onchain Lens, the whale (with the address 0x35d...acb1) that has achieved the highest profit on the short position of SOL continues to increase its short position of SOL with a leverage of 20x. Currently, the unrealized profit has exceeded 10 million US dollars. This whale has also opened a new short position of ETH with a leverage of 25x.

On November 20th, glassnode released its weekly market observation article. It was pointed out in the article that Bitcoin has fallen below the STH cost basis and the -1 STD range, thus putting pressure on recent buyers. The $95K-$97K USD range has now become a key resistance level. Reclaiming this range would suggest an early step towards the recovery of the market structure. On the other hand, the spot demand remains weak. The US spot ETF fund flows are severely negative, and the TradFi asset allocators are not adding any buying pressure. The speculative leverage continues to decline, which is reflected in the decrease in the open interest of futures contracts in the top 500 assets and the funding rates dropping to a cyclical low. The options market has significantly readjusted the risk pricing. The implied volatility has risen across all tenors. The skew remains low because traders have paid a high premium for the downside risk protection. This deeper drop has continued the mild b

On November 20th, the CEO of CryptoQuant released multiple Bitcoin Realized Cap Distribution charts and stated that the current sell-off is being driven by short-term holders of Bitcoin, while miners and long-term holders remain relatively restrained.