Binance Alpha has launched TOWN

On November 27, according to the official website, Binance Alpha has launched Vision (VSN). （这句话本身就比较符合常规的英语表达习惯，无需过多改写，若一定要调整，可改为：November 27th. As per the official website, Binance Alpha has initiated Vision (VSN). ）

On November 27, as per an official announcement, Bithumb is set to list the IRYS/KRW trading pair.

On November 27th, the founder of Tron, Justin Sun, attended the "Truth Revealed, Justice Manifested - TUSD Reserve Asset Global Judicial Pursuit Progress Media Briefing" held at The Peninsula Hotel in Hong Kong. He disclosed key facts and interim results regarding the illegal appropriation and embezzlement of the TUSD reserve fund, which attracted high attention from the fintech and blockchain industry. Justin Sun expressed sincere gratitude to the Dubai International Financial Centre Court (DIFC Court) and its Digital Economy Court for issuing a fair and decisive ruling. Currently, global efforts are being made to trace the whereabouts of the missing funds with the goal of fully recovering them and demanding that any wrongdoers return the corresponding reserve assets. According to the latest judicial documents, the DIFC Courts issued an indefinite global asset freeze order against Aria Commodities DMCC on October 17th, involving an amount of up to $456 million. The court noted that t

On November 27th, as monitored by Onchain Lens, in the past two days, a whale has utilized a total of 3.27 million USDC and USDT to purchase 4.68 million SPX at an average price of $0.697. The whale currently still holds stablecoins worth 3.22 million US dollars and is likely to continue with its buying activities.

On November 27th, based on the latest research released by the Federal Reserve, the top 100 US banks and 100 non-bank financial institutions (NBFIs) are facing a high level of concentration risk at the "third-party service provider" level. In the event that a critical cloud, payment, or core IT service provider experiences a breakdown, it will rapidly escalate into a cross-market systemic event. The model indicates that in an extreme scenario, the 99.9% tail-end loss from a systemic event can far exceed normal operating risks, with operational disruptions becoming a major source of loss rather than traditional credit events. From a macro-financial perspective, this study for the first time quantitatively confirms that "digital infrastructure failure" itself can be a trigger for a financial crisis instead of just a secondary risk. When a third-party critical node fails, it will simultaneously impact payment clearing, liquidity provision, credit transmission, and risk hedging mechanisms

On November 27th, according to Coinglass data, the current funding rates of mainstream CEXs and DEXs indicate that the market remains predominantly bearish. The specific funding rates for major coins are presented in the attached image. BlockBeats Notes: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between contract prices and underlying asset prices. It is usually applicable to perpetual contracts and is a mechanism for the exchange of funds between long and short traders. The trading platform does not collect this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.