Some meme coins are starting to surge, with BANANAS31 up over 64% in the last 24 hours

On November 27th, as per Decrypt's report, the Australian Treasury and the Department of Financial Services have presented the "2025 Corporations Act Amendment (Digital Assets Framework) Bill" to Parliament, thereby establishing the nation's first comprehensive regulatory framework for businesses that hold digital assets on behalf of clients. This bill introduces two new financial product categories: Digital Asset Exchange and Tokenization Custody Platform, both of which necessitate an Australian Financial Services License. The Digital Asset Exchange category encompasses operators who hold client crypto assets and provide facilities for transfers, trades, or staking; the Tokenization Custody Platform pertains to real-world assets such as bonds, real estate, and commodities. The platforms are required to comply with the Australian Securities and Investments Commission (ASIC) custody and settlement standards. Platforms where each client holds assets less than $5,000 and has an annual tr

November 27th. On-chain data analyst Murphy disclosed an analysis indicating that following a fierce panic sell-off, BTC witnessed a rebound. The market is focusing on the $99,000 historical fair price line, which represents the average premium of BTC in relation to its historical average buy-in price. During the transition phase between the previous two cycle bear-bull transformations, BTC rebounded several times after falling below the fair price line but failed to effectively regain it, ultimately entering a deep bear phase. The current selling pressure stems from two aspects. Firstly, the pressure from short-term trapped chips at high levels is forcing a capitulation exit, heightening the market's panic sentiment. A significant panic sell-off was observed on the 21st. Secondly, there is selling from long-term profit-taking chips. Even though BTC has retraced more than 30% from its high point, for most long-term holders, they still hold a considerable amount of unrealized gains.

On November 27th, as monitored by Farside Investors, the net inflow of the US Ethereum spot ETF yesterday was $60.8 million, indicating that it was the fourth consecutive day of net inflows. Among them, the net inflow of the BlackRock ETHA was $50.2 million.

On November 27th, as monitored by Farside Investors, yesterday the net inflow of the US Bitcoin spot ETF was $21.1 million, indicating that it was the second consecutive day of net inflow. Among them, the BlackRock IBIT had a net inflow of $42.8 million, while the FBTC had a net outflow of $33.3 million.

On November 27th, Tether provided the latest update regarding the phased discontinuation of EUR? trading. As of today, the redemption of EUR? on all supported blockchains will come to an end. On November 27, 2024, Tether announced its intention to stop providing support for the Euro-backed stablecoin EUR?, halt the creation of EUR?, and no longer accept new requests for EUR? issuance. Tether stated that this decision is in line with its broader strategic direction, taking into account the evolving regulatory landscape for stablecoins in the European market. Tether will focus on supporting new projects, such as the launch of compliant stablecoins EURQ and USDQ.

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.