In the past 24 hours, there has been a total of $226 million in liquidations across the entire network, resulting in a long and short squeeze.

On November 26th, as per Bloomberg, S&P Global Ratings has lowered the ability of Tether's USDT stablecoin to maintain its peg to the US Dollar to the lowest rating. It has issued a warning that a decline in the price of Bitcoin could cause the stablecoin to face risks of under-collateralization. On Wednesday, the analysts at the rating agency downgraded the stability rating of USDT from "Restricted" to "Weak". S&P indicated that this assessment "reflects the growth in the exposure to high-risk assets in USDT reserves over the past year", such as assets like Bitcoin, gold, secured loans, and corporate bonds. At the same time, it also took into account the limited disclosure of information.

On November 26th, against the setting of the continuous economic uncertainty in the United States, the quantity of initial jobless claims surprisingly declined last week. It reached the lowest level since mid-April and stayed at a relatively low level. During the week ending November 22nd, the number of initial jobless claims decreased by 6,000 individuals to 216,000 people, which was lower than the median forecast of 225,000 people by economists. A recent survey indicates that Americans' concerns about the labor market are on the rise. The Consumer Confidence Index in November witnessed its largest drop in 7 months, partly due to more pessimistic job-finding expectations. Federal Reserve officials have cut interest rates in the last two policy meetings, with a focus on providing support to the slowing labor market. However, policymakers are divided on whether to support another rate cut at the final meeting in December of the year as they try to balance a soft labor market with per

On November 26th, as per Bloomberg, South Korea's largest web portal company, Naver, has reached an agreement to acquire Dunamu, the operator of South Korea's largest cryptocurrency exchange, Upbit, through an all-stock deal with a value of approximately $10.3 billion. According to the transaction plan disclosed in regulatory filings on Wednesday, Naver's fintech subsidiary, Naver Financial Corp., will acquire Dunamu by issuing 2.54 shares of Naver's new stock for each share of Dunamu held.

On November 26th, according to the official announcement, Binance Futures will launch the IRYSUSDT perpetual contract at 00:00 (UTC+8) on November 27, 2025, with a leverage of up to 20 times.

On November 26th, a board member of the European Central Bank, Lane, stated that if another rate cut were to be implemented, it would be necessary to observe a downward trajectory in the inflation path. (Golden Ten)

On November 26th, as monitored by Whale Alert, the USDC Treasury minted a total of 500 million USDC on the Solana blockchain through two separate transactions within a period of nearly 4 minutes.