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

On November 27th, as monitored by Farside Investors, the net inflow of the US Ethereum spot ETF yesterday was $60.8 million, indicating that it was the fourth consecutive day of net inflows. Among them, the net inflow of the BlackRock ETHA was $50.2 million.

On November 27th, as monitored by Farside Investors, yesterday the net inflow of the US Bitcoin spot ETF was $21.1 million, indicating that it was the second consecutive day of net inflow. Among them, the BlackRock IBIT had a net inflow of $42.8 million, while the FBTC had a net outflow of $33.3 million.

On November 27th, Tether provided the latest update regarding the phased discontinuation of EUR? trading. As of today, the redemption of EUR? on all supported blockchains will come to an end. On November 27, 2024, Tether announced its intention to stop providing support for the Euro-backed stablecoin EUR?, halt the creation of EUR?, and no longer accept new requests for EUR? issuance. Tether stated that this decision is in line with its broader strategic direction, taking into account the evolving regulatory landscape for stablecoins in the European market. Tether will focus on supporting new projects, such as the launch of compliant stablecoins EURQ and USDQ.

On November 27th, Cathie Wood, the founder of ARK Invest, stated that the current liquidity squeeze affecting the artificial intelligence and cryptocurrency space will reverse in the next few weeks. The market appears to be in agreement with this view, and artificial intelligence is not in a bubble state.

On November 27th, Tom Lee, the chairman and CEO of BitMine, commented on the news that "Tether's quarterly purchase of gold exceeded that of many central banks" and said: "The stablecoin issuer in the crypto field is the world's largest gold buyer and has been the sole factor driving up the price since the early 2026. This trend will continue to push the gold price higher starting from the early 2026, which is definitely not bearish for Bitcoin. On the contrary, it indicates that the price of Bitcoin will also rise in the future."

November 27th. According to multiple reports from South Korean media, South Korea's largest internet company, Naver. After acquiring Dunamu, the parent company of South Korea's largest crypto platform Upbit, Naver will invest approximately $7 billion in the fields of artificial intelligence and blockchain. The aim is to "establish a new global framework" that encompasses not only payments and settlement but also the entire financial sector. Yesterday, Naver agreed to acquire Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, through an all-stock transaction. The transaction is valued at approximately $10.3 billion. According to the transaction scheme disclosed through 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 every 1 share of Dunamu stock held.