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U.S. Department of Government Efficiency (DOGE) Debunks Rumor: Reuters' Report on Its Dissolution is Fake News

2 hours ago

On November 25th, the US Department of Government Efficiency (DOGE) announced on the X platform that the Reuters article regarding its dissolution was false news. The department will resume its Friday routine updates in a few days. The American people have entrusted President Trump with the task of modernizing the federal government and reducing waste, fraud, and abuse. Just last week, the department terminated 78 wasteful contracts, saving taxpayers $335 million. Previously, according to a Reuters report on November 24th, since President Trump took office in January, he has been actively establishing the Department of Government Efficiency (DOGE) with the aim of downsizing the government. Despite having eight months left in its term, the department has been dissolved. When asked about the current status of the Department of Government Efficiency, the Office of Personnel Management Director Cooper said, "It no longer exists." Cooper further added that the Department of Government Efficiency is no longer a "centralized entity." This is the first time the Trump administration has confirmed the dissolution of the Department of Government Efficiency.
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WEEX announces support for the Monad mainnet

On November 25th, the WEEX exchange declared that WEEX has officially provided support for the Monad mainnet. Monad is a high-performance Layer 1 blockchain that is designed to overcome the scalability limitations of existing networks (especially Ethereum) while being fully compatible with the EVM. WEEX launched Monad (MON) for the first time across the entire network at 23:00 (UTC+8) on November 24th. Deposits became available starting from 21:00 (UTC+8) on November 24th, and withdrawals are scheduled to start at 23:00 (UTC+8) on November 25th.

2 minutes ago

「Fed Whisperer」: Allies have paved the way for a rate cut, Powell may decide to cut rates but hints that there will be no more cuts in the future

On November 25th, "Fed's Megaphone" Nick Timiraos shared on social media that the upcoming Fed meeting is likely to be summed up with "WWJD" (What Will Jerome Decide - What decision will Jerome Powell make?). Currently, the ultimate decision-making power is more in Powell's hands than ever. Allies have created conditions for Powell to cut rates if he desires and then indicate that further rate cuts are not likely in the current context.

2 minutes ago

A certain ETH whale has re-entered the scene, establishing a $6 million ETH position.

On November 25th, according to on-chain analyst Ai Yi (@ai_9684xtpa), nemorino.eth has begun to rebuild positions after incurring a loss of $1.804 million in the previous ETH price swing. Five hours ago, they spent 6 million USDC to purchase 2014.87 ETH on the blockchain, with an average cost of $2977.85 per ETH.

2 minutes ago

Berachain Co-founder Responds to “Nova Digital Has Refund Rights” Claim: The report is neither accurate nor complete, and Nova remains one of the largest token holders.

On November 25th, Smokey the Bera, a co-founder of Berachain, responded on social media to the report that Berachain was granted a $25 million refund right to Nova Digital in Series B funding. He stated that the information was "neither accurate nor complete." Smokey the Bera clarified the details of the investment agreement with Brevan Howard: A year ago, Brevan Howard, through its Abu Dhabi office's Nova Fund, co-led Berachain's Series B funding round with investment terms identical to those of other investors. Nova's compliance team requested additional terms to mitigate the risk of TGE failure and non-listing, resulting in the signing of an additional commercial agreement, which included a commitment to provide liquidity after the network launch. Smokey the Bera emphasized that Nova remains one of the largest token holders of Berachain and may even be the largest. Holding locked BERA tokens from the Series B funding round and liquid BERA tokens purchased from the open market, Nov

2 minutes ago

Bloomberg ETF Analyst: IBIT Short Position Significantly Reduced, Approaching Early April Rally Levels

On November 25th, Bloomberg ETF analyst Eric Balchunas posted on social media, saying, "The short position of IBIT has decreased significantly. Although it was not initially high, accounting for only 2% of the float, it now is almost back to the pre-April surge levels. S3 Partners pointed out that traders usually short sell when the stock price is strong and cover their positions on the way down. This includes all ETFs for reference in the analysis."

2 minutes ago

The Japan Financial Services Agency is considering requiring cryptocurrency exchanges to establish a security reserve fund to address the risk of hacking or security vulnerabilities.

On November 25th, as reported by Nikkei Asia, the Japanese Financial Services Agency is going to mandate cryptocurrency exchanges to set up a reserve fund in order to compensate users in case of a hacking incident or security vulnerability.

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