BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

November 25th: In its most recent industry report, JPMorgan Chase carried out a comprehensive rating adjustment of Bitcoin mining companies and data center operators that are transitioning to High-Performance Computing (HPC). This indicates that the industry is entering the "high certainty stage of HPC/cloud computing transformation." Since the end of September, mining companies have signed more than 600 MW of long-term AI/HPC contracts. These include partnerships with industry giants such as AWS, Google-backed Fluidstack, and Microsoft. JPMorgan anticipates that by the end of 2026, mining companies will announce approximately 1.7 GW of critical IT load build-out plans, which accounts for about 35% of the approved power capacity. The rating changes are as follows: · Cipher Mining: Upgraded to Overweight, with a target price of $18 (previously $12); · CleanSpark: Maintained at Overweight, with a target price of $14; · IREN: Target price $28 → $39, but still maintained at Underweigh

November 25th. As per The New York Post, a Hong Kong individual has received a 7-year prison term in Canada due to his participation in an extremely savage home invasion. Four attackers disguised as deliverymen broke into a residence in British Columbia. A family of three was subjected to 13.5 hours of beating, waterboarding, and sexual assault threats. Eventually, they managed to make off with $1.6 million worth of Bitcoin. The court depicted this as a "carefully devised, long-term violent crime." The attackers had carried out reconnaissance weeks in advance, surveilled the victims, and placed cameras outside the house with the aim of targeting their cryptocurrency holdings. During the ordeal, the robbers forced the couple to disclose their encrypted account passwords: - The wife was made to endure waterboarding, while the husband was stripped naked and beaten. - The robbers threatened to cut off the husband's genitals. - They also threatened to harm their young daughter to ps

On November 25th, according to HTX market data, Bitcoin saw a rebound and managed to break through $88,000, showing a 24-hour increase of 1.29%.

On November 25th, according to CoinDesk, the market (especially the crypto market) witnessed a sharp decline last week. However, on this Monday, the sentiment saw at least a temporary turnaround. Investors were boosted by Amazon's announcement that it will expand artificial intelligence and supercomputing infrastructure for the US government, with a planned investment of up to $500 billion. This piece of news propelled the Nasdaq to rise by 2.3% at midday Eastern Time, while the S&P 500 increased by 1.4%. The risk appetite also spread to the crypto market. The price of Bitcoin rebounded to $87,300 after briefly falling below $80,000 on Friday. Nevertheless, Bitcoin's weekly performance still showed a drop of more than 7%. Those companies that have adjusted their business models to focus on AI infrastructure and high-performance computing in the Bitcoin mining industry benefited the most from the positive news from Amazon: · Cipher Mining (CIFR) jumped by 18%. · CleanSpark (CLSK) and

On Monday, November 25th, Franklin Templeton launched an XRP exchange-traded fund (ETF) on the New York Stock Exchange's Arca platform. This has provided investors with a regulated way to invest in XRP tokens. This action has brought one of Wall Street's most established financial institutions into the growing group of XRP fund issuers, which already includes Bitwise, Grayscale Investments, and Canary Capital. This issuance has broadened Franklin Templeton's crypto product portfolio. The company currently manages ETFs linked to Bitcoin, Ethereum, XRP, and its diversified digital asset fund, enabling traditional investors to access a wider range of crypto assets without having to self-custody.

November 25th: Information from the U.S. Bureau of Economic Analysis (BEA) indicates the following data release schedule for data affected by the U.S. government shutdown: ① The advance estimate of the third-quarter 2025 GDP has been cancelled. It was originally scheduled to be released on October 30th. ② The September Personal Consumption Expenditures (PCE) and Personal Income report will be released at 10:00 AM on December 5th (Beijing time, evening of the previous day). It was originally scheduled for October 31st. (jin10)