A man in San Francisco, USA, broke into a home and stole approximately $11 million in cryptocurrency.
On November 24th, according to Decrypt, a criminal incident related to cryptocurrency took place in San Francisco, USA: a man disguised as a delivery person entered a residence. He threatened the homeowner with a gun, tied the homeowner with duct tape, forced them to hand over the credentials of their cryptocurrency wallet, and stole approximately $11 million in cryptocurrency assets.
A police report indicated that the incident occurred on Saturday morning near 18th Street in the Mission Dolores area. Currently, no information has been disclosed regarding injuries or the progress of arrests.
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BiyaPay Analyst: Bitcoin Rebounds to $88,000, Major Trend Still Bearish with Shorting at High Levels
On November 24th: Following a rebound to approximately $88,000, Bitcoin came under pressure and retreated. The daily line is still positioned below the moving average, and there is a death cross in the technical indicators, suggesting a bearish tendency in the overall trend. The hourly candlestick chart has been continuously declining. There is resistance around $88,200 that overlaps with the daily line, and a further pullback in the short term cannot be ruled out.
Analysts at BiyaPay believe that this round is more in the nature of a technical rebound within a downtrend cycle. In terms of trading, it is recommended to mainly focus on carefully establishing short positions at high levels with a relatively small position size. It is crucial to strictly control leverage and set stop-loss orders. BiyaPay now supports trading US stocks, Hong Kong stocks, and futures using USDT. It offers zero-fee trading for spot and contract digital assets. Users can view real-time market data and engage
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Michael Saylor: "Warning of $2.8 Billion Outflow" is Fear Mongering, MSTR Stock Price Has Over-Reacted
On November 24th, the founder of Strategy, Michael Saylor, responded to the news of "JPMorgan's MSTR Faces $2.8 Billion Outflow" in an interview with CoinDesk. He stated that this warning was somewhat overblown and that the actual number would be much less than $2.8 billion. He also mentioned that the market performance of MSTR had overreacted to this event.
Furthermore, Michael Saylor said, "I don't think there is any relation between MSCI's decision and the constituents of the Nasdaq 100 or S&P 500 index."
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The European Central Bank warns of Stablecoin Cross-Border Regulatory Arbitrage Risk, calling for a harmonized regulatory framework worldwide
November 24th: On this day, the European Central Bank issued the Financial Stability Review Preview (the official report will be released on Wednesday). It was shown that by November 2025, the total market value of stablecoins had exceeded $280 billion, accounting for approximately 8% of the entire crypto market. USDT and USDC together accounted for nearly 90% of this, and their reserve assets had reached the scale of the top 20 global money market funds.
The European Central Bank report pointed out that if stablecoins were widely used, it might lead to households converting some bank deposits into stablecoin holdings, weakening banks' retail funding sources and increasing funding volatility. Although MiCAR had prohibited European issuers from paying interest to prevent such transfers, banks still called for similar restrictions to be implemented in the United States. Additionally, the rapid growth of stablecoins and their connection to the banking system might also trigger concentrat
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Opinion: Market Overpricing Fed's Easing Expectations, Another Rate Cut in January Next Year Is Justified
On November 24th, Paolo Zanghieri, a senior economist at Generali Investments, stated that he and his team think that the market's anticipation of rate cuts is greater than the magnitude of rate cuts that the Fed is likely to implement. "We believe that the probability of a rate cut next month is 50%."
Since there is a limited amount of new data available, it is reasonable for the Fed to wait until January next year to reduce rates while indicating an easing tendency. More importantly, based on the expectation of a rapid drop in inflation, the market anticipates nearly four rate cuts next year, which appears to be overly optimistic. We anticipate only a 50-basis-point rate cut by summer. (FXStreet)
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The South Korean STO Bill Passes First Parliamentary Review, Tokenized Securities Market Expected to Launch in the First Half of Next Year
On November 24th, according to Naver, South Korea has expedited the institutionalization of Security Token Offerings (STOs) by amending the Electronic Securities Act and the Capital Market Act. These amendments have passed through the subcommittee of the Legislation and Judiciary Committee of the National Assembly, laying the foundation for the opening of the STO market in the first half of next year.
It is expected that the amendments will formally incorporate blockchain distributed ledger technology into the electronic registration system, enabling issuers to register and manage blockchain-based security tokens as electronic securities. At the same time, it will bring investment contract securities and non-monetary trust beneficiary securities, such as small-scale over-the-counter trading platforms, under regulation, providing a basis for the legal operation of fractional investment exchanges. If the bill is finally passed at the full meeting of the National Assembly next month, the
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