Pump.fun Co-founder: Company Funds Not Cashed Out, USDC Moved During ICO to Reinvest Operating Capital into Business

On November 25th, as reported by The Block, Binance is encountering a lawsuit. This lawsuit alleges that the cryptocurrency exchange was aware of and intentionally assisted Hamas in transferring funds prior to the militant group's 2023 attack on Israel. The lawsuit was filed on Monday in a federal court in North Dakota, USA. There are more than 300 victims of the attack and their families serving as plaintiffs. The defendants in the lawsuit comprise Binance company as well as its co-founder CZ and senior executive Guangying Chen.

On November 25th, Musk proposed in a post that he will utilize Grok 5 in 2026 to challenge the top League of Legends human professional team. Limited by human visual and reaction speed, this is to validate the adaptability of AGI in complex games. It is reported that xAI's Grok 5 is scheduled to be released in early 2026, with a parameter scale of 6 trillion, supporting multimodal capabilities. There is a 10% probability of achieving general artificial intelligence and surpassing previous-generation models. This challenge emphasizes AI's ability to play games autonomously by reading instructions and conducting experiments. It also recruits talent to drive xAI's breakthrough in the game AGI field, demonstrating the potential from simulation to real-world applications.

On November 25th, MegaETH announced in a tweet that the USDm deposit channel will open at 22:00 Beijing time. Approximately 1 hour before the opening, the website will become live for Sonar verification, with a limit of 250 million US dollars. Depositors will receive USDm tokens on the MegaETH mainnet in December. In a previous announcement, MegaETH disclosed the launch of a deposit bridge, enabling the cross-chain exchange of Ethereum USDC into Mega mainnet USDm, starting from November 25th.

On November 25th, as per the monitoring of Onchain Lens, an address linked to Ethena Labs made a purchase of 25 million ENA from Bybit, with a value of $6.7 million. Currently, this address holds 285.15 million ENA, which is worth $76.46 million.

On November 25th, glassnode issued its weekly market analysis report. It stated that although the current trend of Bitcoin is still clearly downward, the recent holding around the $80,000 mid-level suggests that if the selling pressure continues to decrease, the price may show signs of stabilizing. The spot market is trading with thin volume and weak momentum. ETF funds continue to flow out, indicating that the market is transitioning from an aggressive selling phase to a more orderly derisking phase. The options market still maintains a defensive posture, with high skew and narrowing volatility spreads. This indicates that the market expects continued future volatility but with some easing of panic sentiment. On-chain activity remains sluggish. Transfer volume, fee revenue, and realized capitalization have all slowed down, indicating a relatively calm network operation. Profitability metrics have further deteriorated: unrealized losses and realized gains reflect the deepening of unrea

On November 25th, a fresh survey conducted by the National Association for Business Economics (NABE) showed that the U.S. economy is predicted to experience moderate growth in 2026, while job creation is expected to remain sluggish. The survey, which was carried out from November 3rd to 11th, involved 42 professional forecasters. The median projection for economic growth in 2026 is 2%, which is higher than the 1.8% from the previous October survey. According to Reuters, this contrasts significantly with the 1.3% growth rate forecasted in the June survey. Respondents' median forecast also indicates that this year's inflation rate is anticipated to stabilize at 2.9% (slightly lower than the 3% projected in October) and then only moderately decline to 2.6% in 2026. Economists attribute a considerable portion of inflation to tariffs. Meanwhile, economists foresee that job growth will remain weak, with the monthly average addition of non-farm payroll jobs projected to be 58,000, which is