BTC perpetual liquidation of 10.43 million pending orders, or guiding price direction, please pay close attention

Binance EGLD/USDT's perpetual trading volume surged 12 times within 10 minutes, with a turnover of 72.45 million US dollars in the past 24 hours, an increase of 10.43%. A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements.

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Odaily Planet Daily News: The official transparency page of Tether shows that the authorized circulation of USDT on the TON chain has increased to approximately 1.23 billion US dollars (1229976002.51 US dollars); Currently, it is the fifth largest blockchain in terms of USDT issuance, second only to Tron, Ethereum, Solana, and Avalanche.

Next week, 5 cryptocurrency projects will undergo token unlocking, releasing a total value of approximately $180 million. On November 26th, ADA unlocked approximately 18.52 million pieces (approximately 19.82 million US dollars), accounting for 0.041% of the total supply; On November 27th, YGG unlocked approximately 14.08 million pieces (approximately 8.85 million US dollars), accounting for 1.408% of the total supply; On November 29th, IMX unlocked approximately 24.51 million pieces (approximately $42.41 million), accounting for 1.226% of the total supply; On November 30th, OP unlocked approximately 31.34 million pieces (approximately 72.71 million US dollars), accounting for 0.73% of the total supply; On November 30th, 1INCH unlocked approximately 98.74 million pieces (approximately 39.84 million US dollars), accounting for 6.583% of the total supply.

Odaily Planet Daily News: A review of TrueUSD's proof shows that despite allegations made in previous SEC settlement agreements, approximately 99.7% of the stablecoin's reserves are still held by First Digital Trust. It is worth mentioning that this settlement agreement does not include Techeryx, the company that currently owns TrueUSD. The company has repeatedly denied being controlled by Sun Yuchen, despite the former CEO of TrustLabs claiming that Sun Yuchen had attempted to acquire the company. The proof further indicates that the company behind it, Moore Hong Kong, conducted a "cost" valuation of the fund's investments and ensured that its "procedures do not include a review of the fair market value of investments within the fund". This means that even if the fair value of assets in the fund has dropped to zero, the certificate will continue to report the value of the investment at cost. In addition, the statement from Techeryx management also pointed out that these assets "may not be easily convertible into cash, depending on market conditions or fund performance At present, approximately $495 million of TUSD reserves are composed of approximately $502 million and approximately $1 million in cash held by First Digital. （Protos） At the end of September, it was reported that the US SEC had reached a settlement with TrueCoin LLC and TrustToken Inc., after filing charges against the latter for selling the stablecoin TrueUSD. The SEC pointed out that TrueCoin is the issuer of TrueUSD (TUSD) and TrustToken is the developer of the lending protocol TrueFi. TrueCoin and TrustToken have not admitted or denied the allegations made by the institution and have agreed to each pay a fine of $163766. According to the statement released by the SEC on Tuesday, TrueCoin also agreed to pay $340930 for illegal gains. From November 2020 to April 2023, TrueCoin and TrustToken "engaged in quoting and selling unregistered investment contracts in the form of encrypted asset TUSD on TrueFi, as well as profit opportunities related to TrueUSD." The SEC stated that these two companies also "falsely promoted investment opportunities as safe and reliable" and were fully supported by assets in US dollars or their equivalents, while in reality, most assets were invested in "speculative and high-risk offshore investment funds to earn additional returns. It is reported that by September 2024, 99% of the foreign exchange reserves supporting TUSD were invested in speculative funds