Bitcoin Drops Below $88,000

On November 25th, as reported by Nikkei Asia, the Japanese Financial Services Agency is going to mandate cryptocurrency exchanges to set up a reserve fund in order to compensate users in case of a hacking incident or security vulnerability.

On November 24th, according to the official announcement from the world's first AIUGC dedicated to the entertainment industry and the fan economy ecosystem community MEET48, the second edition of the "MEET48 Best7: Stage of Light" large-scale voting event completed its first phase yesterday and presented an initial report. As of noon on the same day, based on the data from DappBay, MEET48's activity dApp has achieved 797.39k TXNs in the past 30 days, and the number of active user addresses (UAW) has reached 776.11k. It has become the number one dApp in the BSC ecosystem social track in terms of UAW within the past 24 hours and 7 days. In DappRadar's statistics, MEET48's activity dApp has also performed outstandingly, with 509.11k TXNs in the past 30 days, and the number of active user addresses (UAW) reaching 501.13k. It has become the number one dApp in the entire chain social track in terms of UAW within the past 30 days. The "MEET48 Best7: Stage of Light" voting event is still in

On November 25th, as monitored by on-chain analyst Ai Yi (@ai_9684xtpa), WLFI has recharged the previously purchased 40.71 million TRX into HTX within the past 10 hours for an unknown purpose. · 10 months ago, WLFI bought TRX worth $40.17 million at an average price of $0.2415, with a value of $9.85 million. · Yesterday, WLFI Strategic Reserve conducted a small transfer test of 147 TRX to address 0x6A2...C99c9 and then recharged it into HTX. · 10 hours ago, the 40.68 million TRX was transferred in full and then recharged into HTX in batches, with a value of $11.23 million. Previously, a batch of tokens including LINK/AAVE/ENA/MOVE/ONDO had also been recharged into Coinbase, claiming "not for sale but to reallocate assets for daily business purposes"; however, recharging into HTX is a first.

November 25th. On Polymarket, the probability that "Bitcoin will fall below $80,000 in November" has decreased to 13%, and the current probability of it dropping below $75,000 is 4%.

November 25th. According to The Wall Street Journal, following rumors of fund liquidation and the "exaggeration by the media of the short AI amount by a hundredfold," Michael Burry, the prototype of the movie "The Big Short" and a renowned investor, fulfilled his commitment on November 24th local time and punctually "returned." He expressed his views on "shorting AI" by publishing his first column titled "The Main Sign of a Bubble: Supply-Side Gluttony." In this article, he officially declared war on the current AI frenzy, with the epicenter of the storm being NVIDIA. He directly pointed out that NVIDIA is the Cisco of today. Regarding the recent market belief that "big tech giants are highly profitable, so there is no bubble," Burry made a sharp rebuttal in the article. He cited data from the peak of the 1999 Internet bubble era to indicate that the prosperity at that time was also driven by high-profit companies, not just those websites with little to no revenue. Burry pointed out