Federal Reserve Beige Book: Economy Shows Signs of Mixed Recovery, Consumer Market Experiences Worsening 'K-Shaped' Divergence

November 27th. Owing to the Thanksgiving holiday, the New York Stock Exchange (NYSE), Nasdaq, and other major exchanges will be closed throughout the day. There will be no regular trading activities. The bond market will also be closed. Trading will resume on Friday, November 28th (Black Friday), but it will be a half-day session, from 9:30 am to 1:00 pm Eastern Time.

On November 27th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the "1011 Insider Whale" has achieved an unrealized gain of $1.139 million on their 5x long position in ETH. The current position remains at 15,000 ETH ($45.32 million) and has not changed.

On November 27th, as per the monitoring of Onchain Lens, the whale player who achieved a win rate as high as 100.00% this week has realized a profit of $11,291,237 within just 50 days. Six hours ago, the whale tripled its short position in BTC, with a position size of $90.3 million and an average entry price of $89,765.6.

On November 27th, as reported by The Block, the modular blockchain Avail has launched the cross-chain execution layer Nexus mainnet. The aim is to integrate Rollups, application chains, and decentralized applications into a unified runtime environment, achieving seamless asset, liquidity, and user movement across chains. Nexus now encompasses ecosystems such as Ethereum, Tron, Polygon, Base, Arbitrum, Optimism, BNB Chain, Monad, Kaia, HyperEVM, and Scroll. Solana is set to join soon. Additionally, Avail has stated that it will introduce a unified verification solution, enabling cross-chain operations based on verifiable data through Avail DA rather than independent chain validations.

On November 27th, Paolo Ardoino, the CEO of Tether, responded to the latest rating of Tether by Standard & Poor's (S&P) by saying, "We take pride in being despised by you." Paolo Ardoino pointed out that the traditional rating system has long led investors to ultimately collapse under "investment-grade" institutions, raising doubts about the independence of global regulatory agencies over rating institutions. He stated that the traditional financial system is unwilling to see any company break free from its "dysfunctional gravity," but Tether has built the industry's first overcapitalized, non-toxic asset, and has always been a highly profitable company, proving that the fragility of the old system is unsettling the rulers of the "emperor's new clothes" style.

On November 27th, as per The Defiant, the space computing startup SpaceComputer has successfully concluded a $10 million seed round of financing. This round was led by Maven11 and Lattice, with the participation of Superscrypt, the Arbitrum Foundation, Nascent, Offchain Labs, Hashkey, and Chorus One. Individual investors include Marc Weinstein, Jason Yanowitz, and Ameen Soleimani. The company intends to construct a satellite network in order to offer secure computing services for blockchain from space. SpaceComputer will utilize the funds to launch satellites equipped with SpaceTEE secure computing hardware, thereby building an orbital network capable of privacy computing and secure record-keeping. Its co-founders asserted that the opportunities presented by space to decentralized technology are undeniable, and there are more applications on the horizon that are set to incorporate a space compute layer. Previously, JPMorgan's Digital Asset Unit had carried out tokenized value transfer