A whale has shorted $28.75 million worth of ETH, with an entry price of $3,032.

On November 27th, Cathie Wood, the founder of ARK Invest, stated that the current liquidity squeeze affecting the artificial intelligence and cryptocurrency space will reverse in the next few weeks. The market appears to be in agreement with this view, and artificial intelligence is not in a bubble state.

On November 27th, Tom Lee, the chairman and CEO of BitMine, commented on the news that "Tether's quarterly purchase of gold exceeded that of many central banks" and said: "The stablecoin issuer in the crypto field is the world's largest gold buyer and has been the sole factor driving up the price since the early 2026. This trend will continue to push the gold price higher starting from the early 2026, which is definitely not bearish for Bitcoin. On the contrary, it indicates that the price of Bitcoin will also rise in the future."

November 27th. According to multiple reports from South Korean media, South Korea's largest internet company, Naver. After acquiring Dunamu, the parent company of South Korea's largest crypto platform Upbit, Naver will invest approximately $7 billion in the fields of artificial intelligence and blockchain. The aim is to "establish a new global framework" that encompasses not only payments and settlement but also the entire financial sector. Yesterday, Naver agreed to acquire Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, through an all-stock transaction. The transaction is valued at approximately $10.3 billion. According to the transaction scheme disclosed through regulatory filings on Wednesday, Naver's fintech subsidiary, Naver Financial Corp., will acquire Dunamu by issuing 2.54 shares of Naver's new stock for every 1 share of Dunamu stock held.

November 27th: South Korea's largest cryptocurrency exchange, Upbit, came under attack today. Previously, in November 2019, the exchange was hacked when its hot wallet was breached, and 342,000 ETH was transferred to an unknown address, with a value of approximately $50 million. The mastermind of the attack is suspected to be the North Korean hacker group Lazarus Group. After the theft, Upbit fully compensated its users with its own funds and suspended trading for two weeks. Subsequently, the exchange increased the ratio of cold wallet asset storage to 70%. This morning, Upbit disclosed that it detected unusual withdrawal activity at 4:42 AM. Around 540 billion Korean won (approximately $36 million) of Solana network-related digital assets were moved to an unknown external wallet address. Upbit will cover all customer losses and has suspended Solana network asset deposits and withdrawals. The stolen assets include tokens such as 2Z, ACS, BONK, DOOD, TRUMP, USDC, and W. It is worth no

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.