Bitcoin Surges Above $83,000

On November 21st, the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury disclosed that the U.S. Treasury Department announced sanctions against former Canadian Olympic athlete Ryan James Wedding and his drug trafficking organization. Wedding is charged with leading an international drug trafficking network, and sanctions have been imposed on 9 individuals and 9 entities by designating them on the Specially Designated Nationals (SDN) list. The sanctions list encompasses multiple cryptocurrency addresses related to various blockchain networks like Bitcoin, Ethereum, and others. The sanctioned individuals include several suspects from Mexico, Italy, the UK, and Canada, while the associated entities are engaged in industries such as jewelry manufacturing, private security, fuel wholesale, and motorcycle sales.

On November 21st, as monitored by EmberCN, a whale staked ETH for a period of three and a half months. It earned 31 ETH in interest, which was worth $80,000. At the same time, there was a principal loss of $4.66 million. The whale withdrew 4,000 ETH from Binance in early August and deposited it into Lido to engage in staking and earn interest. Half an hour ago, it redeemed all 4,031 ETH and transferred them to Kraken. During the staking period, the ETH price dropped from $3,905 to $2,682.

November 21, Market News: The Ukraine and its European allies rejected a crucial aspect of the US-Russia (Ukraine Peace) deal. (IG)

On November 21st, a member of the Hong Kong Stablecoin Oversight and Web3 Development Working Group, Andrew Lui, stated that currently only fiat-collateralized stablecoins backed by legal tender are permitted. Applicants are required to have a minimum capital of at least HKD 25 million in order to ensure sufficient financial strength to operate and withstand market risks. The issuer's fiat funds must be invested in highly liquid and low-risk assets to guarantee that the value of the stablecoin is reliably supported. Furthermore, independent audits must be carried out, and regulatory compliance evidence must be provided to regulatory authorities. (Securities Times)

On November 21st, based on market data, the pre-market trading of crypto concept stocks in the US continued to decline. These included: Strategy (MSTR), which was down 4.48%; Circle (CRCL), down 1.45%; Coinbase (COIN), down 2.54%; MARA Holdings (MARA), down 3.03%; Riot Platforms (RIOT), down 4.93%; Bitmine Immersion (BMNR), down 3.5%; SharpLink Gaming (SBET), down 3.76%.

On November 21st, as reported by PR Newswire, Animoca Brands declared a strategic cooperation memorandum of understanding (MOU) with Hang Feng Technology, a U.S.-listed company. The aim is to boost the development of the latter's RWA ecosystem and provide support for the distribution of RWA tokens. The two parties will set up an RWA treasury on the on-chain financial market NUVA and also plan to jointly create Web3 educational content.