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Yesterday Bitcoin ETF Net Inflow was $128.7 million, Ethereum ETF Net Inflow was $78.6 million

39 minutes ago

On November 26th, according to the monitoring of Farside Investors, yesterday Bitcoin ETF witnessed a net inflow of $128.7 million, and Ethereum ETF saw a net inflow of $78.6 million.
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KakaoBank Advances Korean Won Stablecoin Plan to Development Stage

November 26th. The digital banking division of South Korean IT giant Kakao, KakaoBank, has made progress with its Korean won stablecoin project. KakaoBank is recruiting a blockchain service backend developer. Key qualifications involve being proficient in smart contracts, having an understanding of token standards, and possessing experience in transaction management and full node operation. Previously, the group's payment subsidiary KakaoPay submitted copyright applications for six stablecoin ticker symbols: PKRW, KRWK, KRWP, KPKRW, KRWKP, and KRWK. These ticker codes appear to combine Kakao or KakaoPay with the Korean won (KRW).

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Analyst: Crypto Treasury Co. May See a Sell-off Wave, Enter a Vicious Cycle

On November 26th, according to the Financial Times, with the plummeting of cryptocurrency prices, crypto treasury companies are actively selling the held tokens to prop up their declining stock prices. As a result, the "digital asset treasury" trend is rapidly disintegrating. Strategy, led by Michael Saylor, is the largest corporate Bitcoin holder in the world. Its stock price has dropped by 50% in the past three months, which has led to a simultaneous decline in the stock prices of many crypto treasury companies. As Saylor's company's market value is now lower than the value of the held Bitcoin, investors are worried that this business model, which relies on the appreciation of cryptocurrency prices and a large amount of equity and debt issuance to form a virtuous cycle, is facing a collapse. Adam Morgan McCarthy, the senior research analyst at the crypto data company Kaiko, said: "These companies will experience a wave of sell-offs, and the situation will only get worse. This is a

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Polygon CEO: Considering Reverting the POL Token Code back to MATIC

On November 26th, Polygon CEO Sandeep made a post on the X platform. He said that due to community feedback indicating that the MATIC token ticker is more recognizable than POL, there is a discussion about whether to request exchanges to change the token ticker back from POL to MATIC. Sandeep mentioned that he personally prefers to keep the current situation and continue using POL. However, the feedback received shows that project decisions should not be based solely on the views of the Crypto Twitter (CT) community, as this community accounts for less than 5% of the total cryptocurrency trading population. He stated that he hopes to understand the opinions of a broader community of users, but there is no guarantee that exchanges will agree to this change.

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This month, the whale who shorted 21 meme coins has made a profit of $6.2 million. They are now the largest short seller for various coins including ASTER and UNI.

On November 26th, according to the monitoring of HyperInsight, a whale starting with 0xa31 has been continuously shorting 21 popular meme coins like ASTER, UNI, MON, etc. since this month. The monthly profit has reached $6.23 million, and the current unrealized profit is $4 million. Among the positions, only the short position of MON has suffered significant losses. In addition, on November 2nd, this address shorted ASTER at $1.2 with a position size of approximately $9.7 million and an unrealized profit of $390,000 (20%); on the 10th, it shorted UNI at $7.4 with a position size of around $4.03 million and an unrealized profit of $850,000 (210%). Currently, it is the largest short position holder for some meme coins such as ASTER, UNI, and LTC on Hyperliquid.

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「Fed Whisperer」: Core PCE Expected to Increase by About 0.22% in September

On November 26th, Nick Timiraos, a reporter from The Wall Street Journal known as the "Fed Whisperer", posted on social media, saying, "After the release of September's Consumer Price Index (CPI) and Producer Price Index (PPI) data, it is anticipated that September's core Personal Consumption Expenditures (PCE) will increase by approximately 0.22%, which is very close to the core CPI level of that month. If it is lower than this level, the year-on-year inflation rate will decline from August's 2.9% to 2.8%."

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Polymarket Predicts Probability of "Bitcoin Dropping Below $80,000 in November" Decreases to 10%

November 26th: On Polymarket, the probability that "Bitcoin will drop below $80,000 in November" has gone down to 10%, and the probability of it dropping below $75,000 currently stands at 2%.

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