Strategy Calls for Bitcoin Community to “Boycott” JPMorgan Chase
On November 24th, as per Cointelegraph, the resistance against the financial services behemoth JPMorgan Chase is escalating rapidly within the Bitcoin community and among the supporters of Strategy. The call on Sunday to "boycott JPMorgan Chase" is gathering momentum.
The anger of the Bitcoin community stems from a piece of news: The index provider MSCI (formerly known as Morgan Stanley Capital International, which is responsible for determining which companies are included in an index) may exclude the cryptocurrency treasury company from its indices in January 2026.
This news was disclosed by JPMorgan Chase in a research report. In response, the Bitcoin supporter and real estate investor Grant Cardone said: "I have just withdrawn $20 million from Chase and am suing them for credit card fraud." As the online boycott movement gains heat, the Bitcoin advocate Max Keiser also called out: "Bring down JPMorgan Chase and buy Strategy and BTC."
Strategy joined the Nasdaq 100 Index in Decem
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A whale increased its holdings by over 4000 ETH and simultaneously went 20x long on 2,034.5 ETH.
On November 24th, as monitored by lookonchain, the whale address 0x8d0e purchased 4,022 ETH (approximately $11.19 million) in the spot market on Hyperliquid. Additionally, it opened two leveraged long positions:
- 2,034.5 ETH (approximately $5.66 million) in a 20x long position, with an entry price of $2824 and a liquidation price of $431.
- 1,662 BCH (approximately $908,000) in a 10x long position, with an entry price of $540.
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Tether-supported Rumble Enables Cryptocurrency Tipping, Launches Rumble Wallet
On November 24th, based on the revelations of overseas KOLs, the Tether-backed video sharing platform Rumble has now begun to support BTC, XAUT, and USDT for tipping. Currently, the test is only available to Android users and is limited to a few thousand participants. At the same time, the Rumble Wallet has been launched.
Rumble announced in December 2024 that it had reached a final agreement with Tether and received a strategic investment of $775 million. As part of the deal, Tether purchased 103,333,333 shares of Rumble Class A common stock at a price of $7.50 per share, with a total amount of $775 million. Among this, $250 million will be used for growth plans, including attracting more content creators, conducting strategic acquisitions, and enhancing the technology infrastructure of Rumble Cloud.
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Cryptocurrency Market Rebounds, Bitcoin Temporarily Surpasses $88,000, Total Crypto Market Cap Rises Above $3 Trillion
On November 24th, following a weekend of recuperation, the cryptocurrency market has seen a rebound. The total cryptocurrency market capitalization has regained the $3 trillion mark and is currently at $3.033 trillion, showing a 0.7% increase in the past 24 hours.
This morning, Bitcoin surged above $88,000 and is currently trading at $86,818, experiencing a bounce of more than 7.7% from last Friday's low of $80,600. Ethereum has rebounded to around $2,800. BNB has risen above $840. SOL has surged above $130.
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Analysis: Peculiar Divergence in US Economic Data Puts the Federal Reserve in a Policy Quandary
On November 24th, the U.S. economy is currently facing a perplexing anomaly, which has raised concerns among policymakers responsible for curbing inflation and maintaining the labor market. Data from the Labor Department shows job losses in June and August, and as of September, there has been a meager average of about 62,000 new jobs added over a three-month period.
However, worker productivity, which is a key driver of economic output, remains high. The Gross Domestic Product (GDP), which measures the output of all goods and services in the economy, also remains strong. This contradictory situation of economic expansion coexisting with a weak labor market has presented a dilemma for the Federal Reserve policymakers, making it difficult for them to determine whether the economy needs to cool down or be further stimulated.
Economists believe that it is currently uncertain whether rate cuts can ultimately offset the erosion in hiring caused by significant policy changes. Ryan Sweet, th
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「$3.2 Million Liquidation of Whale 1011」 AAVE Whale Once Again Increases Holding by 24,000 AAVE Today
November 24th. According to the monitoring of EmberCN, a whale of AAVE that had partially liquidated its position during the 10/11 flash crash has increased its holdings today by 24,000 AAVE (approximately worth $4 million).
By using flash loans, this whale has accumulated 284,000 AAVE over the past 2 years with an average price of $165. During the 10/11 flash crash, their borrowing position was liquidated at a price of $101, resulting in 32,000 AAVE being liquidated (worth $3.22 million).
Currently, the address holds a total of 276,000 AAVE with an average price of $165.
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