MicroStrategy bought another 2,530 $BTC($243M) at an average price of $95,972 last week!

According to HTX market data, the crypto market is in sideways consolidation. Ethereum has fallen below $1,900, while Bitcoin remains trading above $64,000. The total cryptocurrency market capitalization stands at $2.285 trillion, down 0.3% in 24 hours. Some altcoins have rallied sharply: HFT surged over 70% and Binance is set to delist it; ACE rose more than 50%; BICO gained over 40%; COOKIE increased by over 30%.

According to GMGN data, select tokens on the Robinhood chain are seeing active trading: CashCat fell after surging past $200 million in market cap last night, now trading at $100 million with over $100 million in 24-hour volume; STONKBROKER hit a new all-time high of more than $59 million in market cap, with a 43% 24-hour gain; WEN rose over 25% in the past 24 hours, carrying a $4.3 million market cap; PONS gained more than 18% in 24 hours, with a $20 million market cap; INDEX climbed over 28% in 24 hours, at an $8.6 million market cap. BlockBeats reminds users that most meme coins lack real use cases, exhibit high price volatility, and caution is advised for investments.

Crypto market maker Wintermute’s U.S. subsidiary has officially registered as a U.S.-based broker-dealer, marking its first foray into the traditional U.S. securities market. The registration qualifies Wintermute USA to serve as a designated market maker on exchanges including the New York Stock Exchange and Nasdaq. Wintermute CEO Evgeny Gaevoy has repeatedly noted the firm’s planned expansion into traditional finance, with this license approval representing a key milestone in its strategic transformation. Wintermute’s move means it will directly compete with traditional market-making giants like Jane Street and Citadel Securities on the same compliant playing field. Notably, Citadel Securities recently closed a $400 million strategic investment in Crypto.com, underscoring the accelerating cross-penetration between traditional financial institutions and crypto-native players.

According to market data from BIT (bit.com), the three major U.S. stock indexes closed lower across the board: the Dow Jones Industrial Average fell 0.85%, the S&P 500 dropped 0.18%, and the Nasdaq slipped 0.06%. Microsoft rose more than 2%, hitting a new high since November last year. Geopolitical risks flared up again, sending oil prices surging over 3%, reviving inflationary pressures and weighing on U.S. stocks. Market focus has shifted to the non-farm payrolls report due out on Friday. Despite SanDisk and Western Digital both reporting better-than-expected earnings yesterday, their stocks still plunged, dragging down the entire storage sector. The Roundhill Storage ETF fell more than 4%, Western Digital dropped over 13%, Kioxia ADR and SanDisk each fell more than 6%, SK Hynix declined around 5%, and Micron Technology fell more than 1%. U.S. AI software stocks plummeted, with Datadog and AppLovin down over 19%, EPAM Systems falling more than 15%, and Axon Enterprise dropping over 14%.

According to BIT (bit.com) market data, SpaceX shrugged off the massive unlock of 911.5 million shares, surging over 6%. Its total market cap reclaimed above $1.5 trillion, with shares currently trading at $114.92. Space-themed stocks followed the rebound: Redwire (RDW) rose 10.35%, Rocket Lab (RKLB) gained 1.14%, and Virgin Galactic (SPCE) climbed 1.38%. SpaceX faced an unlock of up to 911.5 million shares on Thursday, equivalent to over 140% of its current public float, amplifying short-term stock price volatility. By the end of this year, more than 4 billion shares are expected to become tradable, potentially exerting sustained selling pressure on the stock, though the market remains focused on the company’s long-term fundamentals.

US President Trump has signed an executive order invoking Section 232 of the 1962 Trade Expansion Act to impose minimum import prices and additional tariffs on imported polysilicon and its derivatives, aimed at supporting the domestic polysilicon, semiconductor, and solar supply chains. The order specifies the following minimum import prices: $21 per kilogram for polysilicon; $100 per kilogram for polysilicon ingots and wafers; $0.22 per watt for solar cells; and $0.38 per watt for solar modules. Separately, the US will levy an additional 15% ad valorem tariff on polysilicon ingots and related derivatives listed in the order’s annex. The measures will take effect at 12:01 a.m. Eastern Time on December 4, 2026. The executive order also authorizes the US Department of Commerce to establish a “Return to America” incentive program. Companies that pledge to build, renovate or expand production facilities for polysilicon, ingots, wafers or solar cells in the US and start construction by January 20, 2029, may apply for exemption from Section 232 tariffs on certain imported equipment and related products. (CCTV)