Japanese and South Korean Stock Markets Open Higher, South Korean Stocks Surge Over 2.6%

On November 20th, at the Argentina Devcon conference, the founder of Ethereum, Vitalik Buterin, issued a warning. He stated that if the institutional holdings of Ethereum continue to rise, Ethereum will encounter two significant threats. The primary risk is the possibility of alienating those who truly care about decentralization and core developers, which could result in the erosion of the community. The secondary risk is making incorrect technical decisions; institutional pressure may lead to inappropriate technical decisions, such as setting a block time of 150 milliseconds. This benefits high-frequency trading but hinders regular users from running nodes, potentially leading to geographic centralization. Vitalik emphasized that Ethereum should focus on its global, permissionless, and censorship-resistant protocol characteristics. It is necessary to maintain a strong core community and uphold the values that set Ethereum apart from traditional finance. It is reported that currentl

On November 20th, as per The Standard, the Hong Kong Financial Services and the Treasury Bureau in collaboration with the Shenzhen Local Financial Supervision Bureau jointly issued the "Action Plan for Collaboratively Building the Hong Kong-Shenzhen Global FinTech Center (2025–2027)". It was pointed out that by the end of 2027, more than 20 cross-border data verification platforms would be established in the financial fields between Shenzhen and Hong Kong. This would promote Shenzhen financial institutions to set up FinTech subsidiaries in Hong Kong. It would also drive continuous innovation in the application scenarios of the digital RMB and support the joint participation of both places in various central bank digital currency cross-border network (mBridge) research and application projects. At the same time, it would encourage Shenzhen companies to issue sustainable offshore RMB bonds in Hong Kong and support the establishment of a green asset development platform based on technolog

On November 20th, DEX Reya made an announcement regarding tokenomics. The total token supply amounts to 8 billion, and the token distribution is as follows: 45% for the community, 2% for the community sale, 3% for liquidity, 10% for the foundation, 17.5% for the team, 5% for the future team, and 17.5% for investors. The tokens of the Reya Labs team and investors will be locked for 1 year, and then will be unlocked linearly over 3 years. The distribution will commence with an airdrop to Reya users from the token generation event (TGE), and will be followed by multiple rounds of airdrops. The specific timing and amounts will be determined by the foundation. Reya will carry out a token sale on Coinlist from November 25th to December 2nd, selling 160 million tokens at a price of $0.01875, which corresponds to a fully diluted value (FDV) of $150 million. 50% will unlock at the TGE, and the remaining 50% will be unlocked linearly over the following 6 months after the TGE. The minimum purcha

On November 20th, as per the monitoring of LookOnChain, the Bitcoin mining firm MARA deposited 644 BTC into FalconX and Coinbase Prime, with a value of $58.7 million.

On November 20th, as monitored by EmberCN, the ETHFI investor address 0x44e6 received 3.909 million ETHFI (equivalent to 3.49 million USD) in unlocked tokens 3 hours ago. Among them, 980,000 ETHFI (880,000 USD) were transferred to Binance. This address 0x44e6 unlocks 3.909 million ETHFI every month and then transfers them to Binance. Over the past 6 months, a total of 31.27 million ETHFI (38.45 million USD) have been unlocked and transferred to Binance by this address, with an average price of 1.23 USD.

On November 20th, as per the monitoring of LookOnChain, the Solana Bitcoin whale Owen Gunden deposited the remaining 2,499 BTC into Kraken one hour ago, with a value of $228 million. In the past month, Owen Gunden has sold more than 11,000 BTC.