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

On November 27th, as per DL News, the South Korean financial regulatory agency has advised Bithumb to halt its Tether market services. This particular service enables customers to trade Bitcoin and nine other high market capitalization alternative coins by using USDT. However, these ten assets can still be traded on the Korean Won (KRW) market. The cryptocurrency exchange declared that this service is still in the beta testing stage and is related to an order book sharing agreement with Stellar. Bithumb mentioned that due to system maintenance, this service will be shut down at 11:00 am KST on November 28th and will be restructured to "offer a more stable and advanced trading environment. We will provide separate updates regarding the reopening schedule of the service."

On November 27th, as reported by The Block, Avail has launched the Nexus mainnet. This is a cross-chain system designed to integrate rollups, application chains, and decentralized applications into a single operational environment, enabling the smoother movement of assets, liquidity, and users across chains. This modular blockchain infrastructure provider announced that Nexus has been deployed on multiple ecosystems, such as Ethereum, Tron, Polygon, Base, Arbitrum, Optimism, BNB Chain, Monad, Kaia, HyperEVM, and Scroll, with Solana set to join in the near future. Avail co-founder Anurag Arjun stated that the current fragmentation of blockchains and the "high-risk bridging" have restricted the experience of developers and users.

On November 27th, as per CoinDesk citing sources, the crypto market maker Portofino Technologies has witnessed another round of senior staff resignations following the departures of its Chief Financial Officer and General Counsel a few months ago. The source indicated that the Chief Revenue Officer Melchior de Villeneuve recently left this Swiss firm. Due to the privacy concerns regarding the matter, the source requested anonymity. The Office Operations Manager Olivia Thurman has confirmed her resignation. Furthermore, it is alleged that two senior developers, Olivier Ravanas and Mike Tryhorn, along with two junior developers, have also left this crypto market maker company. According to their LinkedIn profiles, De Villeneuve joined the company in January of this year, but he did not respond immediately to a request for comment. Ravanas and Tryhorn also did not respond. As of the publication time, Portofino has not yet responded to multiple email requests for comment.

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.