Bitwise CEO: Most Digital Asset Financial Firms Will Ultimately Transition to Operational Companies

On November 24th, based on data from growthepie, the daily average TPS (transactions per second) of the Ethereum ecosystem has achieved a historical high. The 7-day average daily TPS is 364.52, and the peak TPS reaches 24,192. The market share of L2 is as high as 95.35%. It is worthy of note that Perp DEX Lighter has made a substantial contribution to this.

On November 24th, according to CryptoSlate, several institutions significantly reduced their holdings in MicroStrategy (MSTR) during the third quarter of 2025. The divestment scale reached approximately $5.4 billion. It is worth noting that during the same period, Bitcoin remained around $95,000, and MSTR's stock price also remained relatively stable. This indicates that this was not forced liquidation but rather institutions actively rebalancing their portfolios. Top funds such as Capital International, Vanguard, BlackRock, and Fidelity all made substantial reductions. Reports suggest that Wall Street is gradually moving away from the old approach of regarding MSTR as a proxy for Bitcoin and is instead moving towards more direct and compliant Bitcoin exposure (such as through spot ETFs and custody solutions).

On November 24th, based on market data, Bitcoin has been in a continuous decline for four weeks, marking its longest downturn since June 2024.

On November 24th, as per the official website of HR Asia magazine, OKX Singapore was selected and received the honor of being the HR Asia 2025 "Best Company to Work for in Asia." This was OKX Singapore's inaugural participation in the selection process, and it managed to stand out among numerous enterprises in Singapore and became one of the mere 35 Singaporean companies to be bestowed with this honor. In previous media reports, OKX has also clinched the LinkedIn 2022 Global Talent Attraction Award, being the sole Web3 technology company on the list. HR Asia is a renowned and highly influential HR professional media platform in Asia, offering value to HR leaders and corporate executives through industry insights, HR trends, and organizational management cases. The "HR Asia Best Companies to Work for in Asia" award, organized by HR Asia, assesses employer brands by integrating employee engagement surveys and on-site company reports, and is widely regarded as an authoritative and symbol

On November 24th, based on LookOnChain's monitoring, Bitmine has just acquired an additional 28,625 ETH, which is valued at approximately $82.11 million.

On November 24th, as monitored by analyst @ali_charts, the monthly MACD of Bitcoin has undergone a bearish crossover. In the previous three instances when the monthly MACD switched to a bearish state, on average, Bitcoin's price has dropped by approximately 60%. Based on this logic, Bitcoin may potentially drop to as low as $40,000 in this cycle.