Within the last hour, the entire network's short positions faced a liquidation amounting to $11.38 million USD, with four whales partially liquidated.

On November 25th, a new financial law issued by the United Arab Emirates (UAE) has incorporated DeFi and the broader Web3 technology into the regulatory framework, signifying a crucial turning point for the industry. In an interview, local crypto lawyer and NeosLegal founder Irina Heaver stated that the UAE's new central bank law, "Federal Decree Law No. 6 of 2025," is "one of the most influential regulatory changes for the crypto industry in the region." She said, "It brings protocols, DeFi platforms, middleware, and even infrastructure providers involved in payments, exchange, lending, custody, or investment services under regulation." She pointed out that industry projects constructed or operated in the UAE should regard this as a key regulatory milestone and must complete system adjustments by the end of the transition period in September 2026. This federal decree law, which took effect on September 16, 2025, is a central bank regulation that encompasses activities related to fin

On November 25th, based on official data, Binance Alpha has now launched Irys (IRYS), and its current market capitalization is $25.5 million.

On November 25th, the pre-market gains of Alphabet, Google's parent company, expanded to 4%, while Nvidia experienced a pre-market decline of 3.68%. Google is planning to sell TPUs directly to Meta.

On November 25th, as per The Block, South Korean tech behemoth Naver's financial arm, Naver Financial, has accomplished the development of a stablecoin wallet. It is currently in the final verification stage and is scheduled to be launched next month. This wallet project was developed in collaboration with the venture capital firm Hashed and the Busan Digital Asset Exchange (BDAN). It will support the stablecoinization of Busan's local currency "Dongbaek-jeon", enabling residents and visitors to exchange various fiat currencies for the stablecoin form of the local currency. The service will be incorporated into Naver Pay Wallet. However, full functionality will have to await the establishment of a local currency stablecoin regulatory framework in South Korea. Meanwhile, Naver is planning to merge with the parent company of South Korea's largest cryptocurrency exchange Upbit, Dunamu, through a share swap. Dunamu plans to be listed on Nasdaq as a wholly-owned subsidiary of Naver after t

On November 25th, NVIDIA's pre-market stock price fell by more than 4%. It was reported that this was due to Google's acquisition of Meta with its artificial intelligence chip TPU, which was worth billions of dollars.

On November 25th, according to CryptoQuant data, the Sharpe Ratio of Bitcoin has dropped below 0 and reached the lowest level since the FTX flash crash. Additionally, there have been several instances on the chart where the Sharpe Ratio dropped to or close to zero (in 2019, 2020, and 2022), frequently coinciding with Bitcoin's price bottom or a significant reversal. The Sharpe Ratio is a metric used to measure the risk-adjusted return of an investment. A Sharpe Ratio close to zero generally indicates high price volatility where the returns are not enough to compensate for the risk, which often happens at market bottoms or during capitulation (panic selling) phases.