Bitcoin Surges Beyond $96,000

On November 16th, as reported by Caixin, Qian Zhimin, the mastermind of a 60,000 BTC money laundering case, purchased Bitcoin at an average price of 2815 yuan per coin (with an unknown calculation method). On the day he was sentenced in the UK, the price of Bitcoin had increased by more than 266 times to 750,000 yuan per coin. Regarding the handling of the frozen assets involved by the UK judicial authorities, the UK side has not yet reached a substantial stage of returning or sharing with the Chinese authorities. The Hedong Branch of the Tianjin Public Security Bureau, which is investigating the Lanting Ge Rui case, issued a notice on October 30th stating that the public security organs are still cooperating with UK law enforcement agencies to continue cross-border pursuit and recovery cooperation and are doing their best to recover the losses of the participants in the fundraising. On November 17, 2025, the UK High Court will hold another hearing on the disposal of the 60,000 Bitcoi

On November 16th, Vida, the founder of Formula News, announced that he had accumulated a certain amount of BTC today as a long-term investment. He also purchased a small-cap Meme coin for a few months of short-term speculation. The total expenditure was equivalent to 0.7% of his net worth, indicating a rather casual move with relatively limited gains and losses. Currently, he is more optimistic about the performance of the crypto market in the coming months because: As I analyzed, even if the U.S. stock market declines, it won't plummet too dramatically. The significant drop in the crypto market seems to be a bit overly panicked; BTC is currently at the support level of the 1-week supertrend indicator, which can be regarded as the most effective support in this bull market cycle; The sentiment in the altcoin market is somewhat overly panicked, and buying during times of excessive panic usually has a higher success rate. Of course, the best buying opportunity in the world is when St

On November 16th, as per the data from DeFiLlama, the total value locked across all DEXs during the past week amounted to $952.29 billion. This represents a decrease of approximately 21.6% compared to last week's figure of $1,215.32 billion and a decline of around 44.3% from this year's all-time high of $1,711.04 billion. During the past week, the on-chain DEX trading volume on Solana was $238.15 billion, securing the first position. BNB Chain followed with $225.61 billion, and Ethereum came in third with $168.29 billion.

On November 16th, as per Reuters, Trump acquired at least $82 million worth of corporate bonds and municipal bonds from the late August to the early October period. These investments involve brand-new ventures in industries that benefit from his policies. According to a form released by the U.S. Office of Government Ethics, Trump carried out more than 175 financial transactions during this time. The disclosure document did not list the specific amounts of each transaction but only provided rough ranges. Trump's new bond investments cover multiple industries, such as: Chip Manufacturers: Broadcom (AVGO.O), Qualcomm (QCOM.O) Tech Companies: Meta Platforms (META.O) Retailers: Home Depot (HD.N), CVS Health (CVS.N) Wall Street Banks: Goldman Sachs (GS.N), Morgan Stanley (MS.N)

On November 16th, as per the monitoring of LookOnChain, the whale "DYzF92" has just sold 33,366 SOL that were purchased 7 months ago. The value of these SOL was $4.71 million, resulting in a loss of $230,000. Initially, they bought 32,083 SOL with a value of $4.94 million. And in the past 7 months, they earned 1,283 SOL (worth $181,000) through staking. Nevertheless, they still ended up with a loss.

On November 16th, the stablecoin protocol Yala announced that it has been made aware of recent community concerns and is currently conducting active investigations. Further updates will be provided shortly. Yesterday, within the DeFi community YAM, it was posted that the Yala stablecoin YU has encountered a situation similar to that of USDX. A suspicious address borrowed a large amount of USDC at an extremely high interest rate but has failed to repay the debt. An address closely related to Yala has been borrowing all available USDC and the majority of YU funds from the Yala Frontier market on Euler. Despite the high interest rates, no repayments have been made. Currently, the market's fund utilization rate has reached 100%, indicating that lenders are unable to withdraw any liquidity. The Euler team has also set the lending limit on the Yala market on Frontier to zero. YAM also stated that currently, YU on Solana still maintains a pegged exchange rate, and there is nearly one million