KuCoin Donates 2 Million Hong Kong Dollars to Support Hong Kong Tai Po Fire Relief Efforts

On November 27th, the co-founder of Alliance DAO, QwQiao, posted on social media, saying, "Among the DeFi coins that I am most bullish on in the next few years are those that are actively working to support traditional finance (TradFi) assets. Whether it is trading or lending with traditional finance assets as collateral, the potential market size of these projects may far exceed those that focus only on native crypto assets." This enables us to break free from our own reflexive bull/bear cycle (that is, a situation where a decline in cryptocurrency prices leads to the deterioration of fundamentals). In the past, the biggest obstacle actually has been regulatory issues, but this seems to be changing.

On November 27th, as monitored by The Data Nerd, one hour ago, a whale with the address 0xaf3 received 3.4 million ENA from Wintermute, which is equivalent to approximately 953,000 USD. Over the past 10 months, they have accumulated a total of 10.59 million ENA (about 6.5 million USD), with an average entry price of around $0.614. The unrealized loss amounts to about 2.97 million USD, and the investment return is -45.7%.

On November 27th, according to HTX market data, the price of ORCA witnessed a 41% increase in the past 24 hours and is currently trading at $1.499.

On November 27th, as per The Block and based on data from GasLimit.pics, the block Gas limit of Ethereum has been raised from 45 million to 60 million following the call by users and developers for capacity expansion. Ethereum Foundation researcher Toni Wahrst?tter announced this adjustment on the X platform, deeming it the outcome of a year-long community endeavor to enhance the base layer processing capacity of Ethereum. He stated: "Just a year after the community began advocating for an increase in the Gas limit, Ethereum is now functioning under a 60 million block Gas limit. This indicates a doubling within a year - and this is just the outset." The adjustment came into effect automatically on November 25th as more than half of the validators signaled their support, fulfilling the required threshold for approval under Ethereum's current consensus rules.

On November 27th, according to Bloomberg, although Bitcoin has experienced a retracement of up to 36% from its all-time high set in early October, the implied volatility of the cryptocurrency remains at a relatively controlled level. This change indicates that as Bitcoin gradually moves towards institutionalization, its risk transmission mechanism is being reconfigured. In the early stage, Bitcoin's value was mainly driven by speculative traders who aimed to profit from its frequent and large price fluctuations. The derivatives market as a whole is showing a reversal of bearish sentiment. According to Coinglass data, the demand for long positions in Bitcoin perpetual contracts, a high-leverage trading market commonly used by cryptocurrency traders, is currently on the rise, while the open interest size is at a relatively moderate level. The funding rates of these contracts have turned positive, suggesting that after falling into negative territory earlier this week, bullish bets have

Update, on November 27th. Based on the monitoring of Onchain Lens, a whale initiated an 18x leveraged long position on BTC after being silent for 18 months. The unrealized PNL of this position has now reached $4.39 million. Position details are as follows: · Position Value: $56.7 million · Entry Price: $84,306 · Liquidation Price: $78,642