Analysis: On-chain metrics indicate that Bitcoin may have bottomed out in November and still has significant upside potential

LONG co-founder Nate posted a statement noting that regardless of personal circumstances, macroeconomic conditions, or significant market volatility, the team will continue building out the LONG ecosystem and its community for the long term. Nate added that the team will remain focused on RWA trading pairs and will not pivot to short-term narratives or other directions. He emphasized that the LONG ecosystem is still in its early stages, and the industry should not be limited to zero-sum competition between different blockchains, ecosystems, or assets, but should instead focus on introducing new use cases and users. Additionally, Nate revealed that the team has completed improvements to the new application version—including fixes for wallet and token list issues and the addition of a LONG PVE filtering feature—and the update is expected to launch soon.

According to Bitget market data, spot gold has fallen below $4,350 per ounce, down 0.65% on the day. Spot silver dipped to $66 per ounce, with an intraday drop of around 0.4%.

Quantitative analyst Beni, who previously publicly questioned Kalshi over alleged false transaction volumes, posted on social media calling for "formal evidence of Kalshi’s misconduct", requiring hard proof such as screenshots, emails, data, timestamps and other concrete evidence. BlockBeats previously reported that Beni publicly accused Kalshi of fabricating crypto contract transaction volumes, noting that while the platform’s ETH-PERP open interest stood at just $3.1 million, its 24-hour trading volume hit $538.6 million—equivalent to roughly 174 full turnovers of all open positions per day, or an average turnover every 8 minutes and 18 seconds. In response, Kalshi’s head of crypto business IcoBeast.eth stated that Artemis’ data charts display the proportion of prediction market trading volumes, not perpetual contract volumes. However, market discussions have also extended to the prediction market segment. A KOL claimed that roughly 61% of Kalshi’s disclosed trading volume comes from "multi-event parlay bets", and the actual transaction value of these parlay bets may only be around 7.1% of the parlay amounts Kalshi publicly reports.

According to official announcements, Binance Wallet has launched a perpetual contract for the Polymarket/USD1 pair, with a maximum leverage of 3x.

According to Yonhap News Agency, Hana Bank has issued a five-year, $100 million digital bond using Euroclear’s blockchain platform. The bond’s issuance, registration, and settlement were all completed on-chain. Officials stated that applying this technology for bond distribution and payment settlement cuts the process from 3 to 5 business days to completion on the same day.

According to HTX market data, ZETA briefly touched $0.07 and is now trading at $0.064, with a 24-hour increase of 67.2%. Blockbeats previously reported that the ZetaChain community yesterday passed the proposal to migrate ZETA to Solana with a 99.4% approval rate. The proposal includes approving the migration of ZETA to Solana, retaining the same tokens and code at a 1:1 ratio, and gradually shutting down its L1 after holders and related on-chain assets complete the migration. The voter turnout for this vote was 58%, exceeding the 40% quorum threshold, with opposition and abstention votes both at 0.3%.