Ethereum Falls Below $3,000

On November 19th, Matrixport disclosed its daily Icon Observation, indicating that Strategy remains one of the most representative beneficiaries in this current Bitcoin bull market. The market has been worried that the company might be compelled to sell its Bitcoin holdings in the future to repay debts. Judging from the current asset-liability structure and debt maturity distribution, we reckon that the probability of "forced Bitcoin selling to repay debt" in the short term is relatively low and is not the primary source of risk at present. The most stressed ones currently are the investors who bought at a high premium. Most of Strategy's financing took place when the stock price was close to the $474 historical high and the Net Asset Value (NAV) per share reached its peak. As the NAV gradually decreases and the premium narrows, the stock price has also retreated from $474 to $207. As a result, the investors who entered in the high premium range earlier are facing significant paper lo

On November 19th, the Movement Foundation issued a statement on the X platform. It mentioned that after fulfilling the buyback commitment for four months, in order to enhance the transparency of the tokens in the buyback wallet, it intends to transfer a portion of the tokens from the MOVE Strategic Reserve on the Ethereum mainnet to the Strategic Reserve on the native Movement Network to provide support for ecosystem projects and incentive measures. The Movement also stated that it will continuously and regularly send ERC-20 tokens to exchanges to supplement and rebalance the token supply, thereby enabling the withdrawal functionality again.

On November 19th, the Binance Futures platform will launch a USD?-margin ZECUSDC perpetual contract, offering a leverage of up to 75 times.

On November 19th, during Solomon Labs' public sale on MetaDao, $100 million was raised in the final instants. This made it the second-highest funded project on MetaDao up to now, trailing only UmbraPrivacy. Consequently, users on Polymarket who had predicted Solomon's fundraising amount within various ranges like $20 million, $40 million, and $100 million all achieved "whale-like" results. Meanwhile, the suspected insider address "KimballDavies" selected the low-probability "yes" option in this event, and the total profit exceeded $500,000.

On November 19th, as per Reuters, the Saudi real estate developer Dar Global intends to tokenize the new Trump-branded hotel project in the Maldives and sell tokens to U.S. retail investors in order to raise the majority of the project's funding. Dar Global's CEO, Ziad El Chaar, informed Reuters that the company will tokenize up to 70% of its luxury resort project as the primary fundraising approach, making use of blockchain technology and achieving the widest possible distribution of token holders. Unlike the common practice of tokenizing after the real estate is completed, Dar Global's plan with the Trump Group indicates tokenization during the development stage, enabling investors to gain relevant exposure right from the start of the project. According to a news release issued on Tuesday. Additionally, according to another report by Bloomberg, the Maldives project is currently valued at approximately $3 billion, and Dar Global aims to retain a 30% to 40% ownership stake.

On November 19th, according to an official announcement. In order to better protect users and maintain a high-quality trading market, Binance will conduct periodic reviews of all listed spot trading pairs. It may delist some spot trading pairs due to factors such as low liquidity and trading volume. Based on recent reviews, Binance will remove the following spot trading pairs and cease trading: At 11:00 on November 21, 2025 (UTC+8): LA/FDUSD, SAHARA/BNB, SAHARA/FDUSD, and TOWNS/BNB.