Coinbase's official X Account updated its bio to "December 17th," hinting at a major announcement to come.

On November 18th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the whale address "0x8...244" has been in a long position on Hyperliquid for 30 consecutive days since November 3rd, and the winning rate is 31%. It just opened a 20x long position on ETH and SOL, with a total position value of $22.05 million. ETH: Holding 5,047.09 ETH ($15.20 million), with an entry price of $2,995.9. SOL: Holding 51,411.68 SOL ($6.95 million), with an entry price of $135.43.

November 18th. On-chain analyst Murphy stated that on November 17th, the second wave of panic selling led to an exodus. The Entity-Adjusted Realized Loss (EARL) reached $860 million, exceeding the $820 million scale on November 14th. The panic sentiment in the market continues to spread and shows no sign of subsiding. The current time period once again aligns with the timing of the past four-year bull-bear cycle theory, which is still recognized by many investors and even institutions. Only when EARL gradually decreases or overall weakens during a price decline can it be regarded that the panic selling is about to end. Reaching the bottom is the sign that a rebound is about to commence.

On November 18th, as per the monitoring of LookOnChain, the LIBRA token team has just withdrawn 3.94 million USDC from the liquidity pool and utilized 17 million USDC to purchase 127,774 SOL at a price of $133 per token.

On November 18th, Binance will make adjustments to the minimum price movement unit of multiple U-based perpetual contracts at 15:00 on November 20th, 2025 (Beijing Time). These contracts include BASUSDT, SENTUSDT, COAIUSDT, BOMEUSDT, BOMEUSDC, and SHELLUSDT.

On November 18th, as monitored by Farside Investors, yesterday the US Bitcoin spot ETF experienced a net outflow of $220.1 million, indicating the fourth consecutive day of net outflows. Yesterday, the BlackRock IBIT witnessed a net outflow of $145.6 million, and ARKB saw a net outflow of $29.7 million.

November 18th: The Federal Reserve Governor Christopher Waller publicly expressed his support for another 25 basis point rate cut during the December meeting. The reasoning centers around the continuous weakness in the labor market and concerns regarding the pressure on mid- to low-tier consumers. Waller referred to this as a "risk management rate cut," believing that in a situation where official data is limited, it is better to provide insurance in advance to prevent a rapid deterioration in employment. Meanwhile, the hawkish voices within the Federal Reserve have not weakened, and a divided vote count creates uncertainty for the next decision. Whether to maintain the interest rate or cut it again could lead to at least three dissenting votes. Policy expectations are no longer unidirectional, and the market needs to hedge between "the possibility of a rate cut" and "an increasing policy divergence." In this policy haze, the crypto market has shown significant pressure. The fear inde