Galaxy Digital Founder: Bitcoin Could Return to $100K by Year-End, But There Will Be Significant Selling Pressure

On November 27th, Upbit made a disclosure that it had endured a 540 billion KRW (equivalent to 36 million USD) attack on the Solana network. Additionally, Upbit has committed to covering all customer losses.

On November 27th, the WLFI Reserve Company ALT5 Sigma, which is associated with the Trump family, announced the dismissal of several executives, including Acting CEO Jonathan Hugh and COO Ron Pitters. ALT5 Sigma stated that these dismissals had nothing to do with any specific misconduct. Previously, on October 23rd, ALT5 Sigma's CEO Peter Tassiopoulos was suspended by the board, and Jonathan Hugh was appointed as the Acting CEO. Since then, the company's stock price has dropped by 83% from its 52-week high. On November 22nd, Forbes disclosed that ALT5 Sigma is under investigation for violating SEC disclosure regulations. The CEO was officially suspended on October 16th, but internal emails show that the board actually placed him on "administrative leave" as early as September 4th. This significant difference in timing may have already violated disclosure rules. According to SEC regulations, public companies must disclose within 4 business days (Form 8-K) when an executive officer ceas

On November 27th, according to HTX market data, some altcoins have begun to surge. They include: BANANAS31 is currently trading at $0.0057, with a 24-hour increase of 64%; ORCA is now trading at $1.4, experiencing a 24-hour increase of 30.1%; DODO is currently trading at $0.0287, showing a 24-hour increase of 18.6%; ACE is now trading at $0.252, having a 24-hour increase of 15.5%; SOLV is currently trading at $0.0193, with a 24-hour increase of 13.7%; OM is now trading at $0.086, witnessing a 24-hour increase of 13.2%.

On November 27th, KobeissiLetter disclosed data indicating that in October, the U.S. trading margin debt witnessed a remarkable surge of $572 billion, reaching a record high of $1.2 trillion. This marks the sixth consecutive monthly increase. Up to now this year, U.S. trading margin debt has grown by $285 billion, representing a 32% increase. In the past six months, margin debt has soared by 39%, which is the largest increase since 2000. It even surpasses the growth during the 2021 Meme Stock frenzy, clearly demonstrating that the leverage in the U.S. investment market has reached an absurd level. Trading margin debt refers to the total amount of debt that investors borrow from brokers to purchase stocks or other securities in securities trading. This enables investors to expand their investment scale with a relatively smaller amount of their own funds, thereby magnifying potential returns. However, it also amplifies risks.

On November 27th, Lido made an announcement regarding the "GOOSE-3" proposal. This proposal outlined its strategic goals for 2026, with the aim of transforming Lido from an "Ethereum staking middleware" into a comprehensive DeFi platform. The proposal was jointly submitted by the Lido Labs Foundation in cooperation with the Lido Ecosystem Foundation and the Lido Alliance BORG. Lido's four major goals for 2026 are as follows: Expanding the staking ecosystem: By leveraging Lido V3, stVaults will transform staking into modular infrastructure that can be integrated by integrators, node operators, custodians, and large allocators. Protocol Flexibility Upgrade: Introducing the ValMart validator market to enable dynamic allocation of staking based on performance, cost, and decentralization. This will enhance DAO revenue and strengthen risk management. Expanding Lido Earn: Catering to advanced DeFi users, re-stakers, stablecoin hodlers, passive earners, and on-chain treasury managers. Vertica