NIL's price briefly plunged over 65% today, reducing its market capitalization to $30 million.

November 20th: According to official information, the "Authorization Mining" module of Web3 IP platform BeatSwap, namely BeatSwap L2E, has taken the top position in the RWA category on the DappBay platform of the BNB Chain ecosystem. In order to further expand its influence in the IP rights RWA field, BeatSwap has partnered with BlockBeatsAsia for promotion. The current data performance of the platform is remarkable: the daily transaction volume has exceeded 500,000 transactions, and there have been more than 3 million on-chain authorized transactions, which reflects the strong user demand for transparent participation in IP transactions on opBNB. It is worth noting that BeatSwap will launch its TGE in December and is actively bringing more creators, fans, and compliant IP resources onto the chain. To celebrate the launch of the L2E module, the official team has simultaneously launched a multi-platform airdrop event, and users can participate through the official link.

On November 20th, based on HTX market data, Ethereum dropped below $3,000, experiencing a 24-hour loss of 2.3%.

On November 20th, the inaugural MSKE Asia-Pacific Leadership Summit came to a successful conclusion in Bangkok, Thailand. The conference centered around the theme of "Global Vision × Regional Momentum × Innovative Practice", with policy representatives, blockchain community leaders, and technical experts from various countries sharing the latest trends and insights. Attendees generally believe that the Asia-Pacific region will become a crucial growth engine in the digital asset era. Jeremy, a representative of the global Bitcoin community, Noah, the Asia-Pacific community lead, and Vasily, the architect of the inscriptions system, emphasized the long-term value of inscription economics on-site and noted that MSKE has the foundation and potential to go global. Blockchain financial expert Huang Yuchen stated: "RWA is the biggest gateway for blockchain to enter the mainstream, and MSKE's advantage lies in its real-world connectivity." This became one of the key viewpoints at the event.

On November 20th, the AI-powered data layer ZENi completed a $1.5 million seed round of financing. This round was led by Waterdrip Capital and Mindfulness Capital, and was participated in by Rootz Labs, Attention Ventures, DePIN-X, and Metalabs Ventures. ZENi is an AI Agent & InfoFi's smart data layer that converts information from X, Telegram, Discord, and on-chain activities into a dataset for training artificial intelligence.

On November 20th, GoPlus issued a security alert. Users who received the DMT token airdrop are recommended to revoke authorization or transfer their assets to a secure wallet as soon as possible. There have been multiple reports of stolen assets today. When claiming the DMT airdrop, users were tricked into authorizing other tokens, resulting in the theft of assets from thousands of users. The cross-chain transfer of assets exceeded $130,000. Currently, the @dexmaxai Twitter account and official website have been taken offline.

On November 20th, the on-chain data analyst Murphy stated that Bitcoin's PSR (Profit Supply Ratio), which is used to observe market optimism and fear, has seen its 7-day moving average drop below 70%. Historically, during past market cycles when shifting from bull to bear, the initial decline often reaches this level, followed by a rebound after extreme emotional pressure. Whenever the PSR falls below 50%, it heralds a long-term deep bear market, while also presenting the highest value for investment, marking the most worthwhile price range for buying. The current BTC price is holding at $92,000. According to UPPD data, 6.7 million BTC are currently in unrealized losses, accounting for 33% of the total circulation. Assuming that holders of coins bought at a lower price are no longer selling, when the price drops to $59,000, around 9.744 million BTC would be locked in at a loss. At this point, the PSR would be around 50%. Since the PSR is continuously changing, a static numerical evalu