A crypto whale bought the dip on NVIDIA for $8.6 million.

According to Onchain Lens monitoring, a whale withdrew 2000 ETH (worth approximately $4.08 million) from Binance 29 minutes ago, then deposited 32 ETH (valued at around $65,300) into the Ethereum Beacon Chain staking contract.

CryptoQuant analyst Darkfost noted in a recent post that BTC open interest on Binance has fallen 17% from $10.6 billion to $8.8 billion in less than a month. Meanwhile, its 180-day moving average has risen from $8.4 billion to $8.6 billion. With open interest dropping below the moving average, the market is showing new deleveraging signals. In bull markets, this signal typically emerges near the end of a market correction, reflecting traders cutting leveraged exposure—both through voluntary position closures and forced liquidations due to insufficient margin. Outside of bear markets where this process can drag on for months, the last similar signal occurred in June this year, when BTC traded below $60,000 before rallying to over $87,000, a gain of more than 45%. Alongside the current open interest decline, the market has also seen massive liquidations. Low volatility appears to have pushed some traders to take on higher risks to offset insufficient returns from narrowed price swings, leaving them more exposed to market reversals. Over the past three months, Binance’s monthly liquidation volumes have hit their highest levels since 2021: over $1.4 billion in August, $1.1 billion in September, and $1.3 billion in October. This trend is continuing in November; as of the end of the first half of the month, liquidations have already exceeded $520 million. These figures underscore the potential losses leveraged trading can inflict on investors. In a market environment marked by low volatility and shrinking trading volumes, blindly increasing risk exposure out of impatience can quickly lead to heavy costs. That said, the deleveraging phase also helps improve market conditions. Reduced leveraged positions lower the risk of cascading liquidations, allowing spot demand to play a larger role in market pricing, thereby helping Bitcoin build a more robust market structure.

Beating AI News: Google Labs has launched a new product called Tabletop, enabling multiple users to directly create and utilize small tools via AI. For instance, when a family plans a trip, they can input materials such as attractions and web links into a shared space, then @Tabletop to generate an itinerary, restaurant voting tools, and expense-splitting functions. All members can collaborate in real time, and the AI tools can be further modified as needed. This September, Google upgraded its personal Agent CC to a home edition, supporting up to 6 users. CC comes with its own Google account and independent cloud PC; upon authorization, it can access members’ emails, calendars, and Google Drive files, automatically organize family schedules, generate daily briefings, and even execute certain tasks. Tabletop remains in the experimental stage and is currently accepting waitlist applications only from users aged 18 and above in the United States.

South Korean regulatory authority says rumors about additional measures for the KOSDAQ market are untrue.

Bernstein downgraded NVIDIA's rating from Outperform to Market Perform, cutting its price target from $400 to $200.

Financial market research firm Vanda Research said in a report released Wednesday (Eastern Time) that Anthropic’s first day of trading will see record retail investor buying, with the volume expected to surpass SpaceX’s, making it one of the largest single-day retail purchase targets in history. Based on first-day retail trading patterns and pre-IPO perpetual futures trading data for Anthropic on the Hyperliquid platform, Vanda Research estimates net retail buying on the stock’s debut at around $250 million, double SpaceX’s prior retail buying record of $118 million.