Bitcoin Drops Below $87,000, 24-hour Gain Narrows to 0.41%

On November 24th, Jack Mallers, the CEO of the Bitcoin financial firm Twenty One Capital, shared a framed letter from JPMorgan Chase Bank on the X platform. The letter, which was dated September 2, 2025, informed him that his account would be closed because a bank review had identified compliance issues with the Bank Secrecy Act and other regulations, as well as account anomalies. JPMorgan Chase Bank is a subsidiary of JPMorgan Chase and is mainly engaged in commercial and retail banking. Jack Mallers mentioned that although his father had a decades-long business relationship with JPMorgan Chase Bank, the bank still prohibited him from opening future accounts and did not provide any specific reasons.

On November 24th, Hunter Horsley, the CEO of Bitwise, posted on X, indicating that due to factors like insufficient liquidity, cost overhead, and risks, the majority of Digital Asset Trusts (DATs) will engage in discount trading. Only those companies that are capable of increasing the per-share value of the crypto assets will trade at a premium. Most DATs will eventually transform into operating companies. During this process, they are likely to acquire and integrate a part of the numerous small private crypto companies. Digital asset management companies are still in the early stages of determining their future directions.

On November 24th, based on HyperInsight monitoring, in the past 3 hours, a whale that users have labeled as the "Pension Fund" has initiated a new 3x leveraged short position on BTC at $87,500. The position size is $87.67 million, and the liquidation price is $119,000. The position size ranks second on the BTC holdings list on Hyperliquid. According to the monitoring, the current largest BTC long whale (0xffb) holds a position size of approximately $76 million, with an average price of $93,900 and an unrealized loss of $5.38 million (-141%). Additionally, all 7 addresses that have opened new positions of over $1 million in the past 2 hours on Hyperliquid are long positions.

On November 24th, the "peculiar divergence" of the U.S. economy pushed market sentiment into a new range of uncertainties. While GDP remained strong, corporate hiring hit a multi-year low. The AI-driven investment boom has boosted productivity but failed to drive job expansion, putting the Federal Reserve in a rare policy dilemma between rate cuts and a stalemate. Meanwhile, after Israeli airstrikes on Beirut, the situation in the Middle East heated up again, and geopolitical risks caused short-term disturbances in safe-haven demand. At the macro level, the divergence between weak employment and strong output has led the Federal Reserve to remain highly cautious about the pace of rate cuts. Officials emphasized in the latest minutes that the policy stance would not be adjusted at present without clearer signals of inflation cooling or labor market deterioration. This environment has prompted the market to reprice liquidity expectations, and volatility may rise again. In the crypto ma

On November 24th, Trump posted on Truth Social and stated, "Even though the United States has directly obtained billions of dollars in significant revenue through imposing tariffs on other countries, the full advantages of tariffs have not yet been completely realized. Many buyers of goods, in order to avoid paying tariffs in the short term, will accumulate a large amount of inventory that far exceeds the actual demand. However, this accumulation strategy has now been proven to be effective. Soon, all goods subject to tariffs will inevitably be taxed, and at that time, the amount of tariffs that the United States should pay will skyrocket, far exceeding the current historical high. These tariff revenues will reach a historical peak and will lead the United States onto an unprecedented new trajectory." "We are already the most desired country in the world. But this tariff power will bring unprecedented national security and wealth to the United States. Those who oppose us are serving t

On November 24th, according to the monitoring of GMGN (https://t.me/gmgnaibot?start=i_m4TE56o8), the 24-hour trading volume of popular memes on the BSC chain has been continuously declining. Except for "Binance Life", most memes have had a trading volume of less than $1 million in the past 24 hours. Some low-market-cap new memes like "Life-Changing" and "Road to Success" have maintained a trading volume above $1 million. Among them: "Binance Life" has a market value of approximately $89.28 million, with a 24-hour trading volume of about $3.7 million and a current price of around $0.089. "Hakimi" has a market value of approximately $22.65 million, with a 24-hour trading volume of about $0.9 million and a current price of around $0.022. "GIGGLE" has a market value of approximately $106 million, with a 24-hour trading volume of about $0.97 million and a current price of around $106.7. "PALU" has a market value of approximately $6.13 million, with a 24-hour trading volume of about $0.3