[Norwegian Sovereign Wealth Fund Loses Over $200 Million in MSTR Investment] Norway's central bank (Norges Bank) has incurred losses amounting to hundreds of millions of dollars in its investment in MicroStrategy (now known as Strategy, stock ticker: MSTR). As one of the world's sovereign wealth funds, Norges Bank directly invests in stocks, including index components like MSTR. Data shows that Norges Bank began purchasing small amounts of MSTR stock in 2008 and significantly increased its holdings in 2024. As of June 30, 2024, its investment in MSTR reached $217 million, representing a 0.89% stake, which increased to $514 million by the end of 2024. In the first half of 2025, the investment grew from 5.8 billion Norwegian kroner to 11.9 billion Norwegian kroner, but the purchase price exceeded the current stock price. As of June 30, 2025, the market value of its holdings stood at $1.18 billion, and the accumulation of shares may still be ongoing.

[Japanese Cabinet Approves ¥21.3 Trillion Economic Stimulus Package] The Japanese Cabinet on Friday approved an economic stimulus package totaling ¥21.3 trillion (approximately $135.4 billion), marking the first major policy initiative of the new government. The plan includes ¥17.7 trillion in general expenditures, significantly higher than last year’s ¥13.9 trillion level, making it Japan’s largest fiscal stimulus package since the COVID-19 pandemic. Additionally, the package features ¥2.7 trillion in tax reduction measures. As a result, the yen exchange rate fell to a 10-month low, and the yield on 40-year Japanese government bonds rose to a historic high. The issuance scale of new government bonds has yet to be determined but is expected to exceed last year’s ¥6.69 trillion. The Cabinet plans to approve a supplementary budget on November 28 and seek parliamentary approval by the end of the year.

On chain data shows that the address "0x85C" deposited $2.24 million USDC into HyperLiquid and opened a 40 fold leveraged Bitcoin short position. The funds have been used to establish high leverage short positions, and the specific profit and loss situation is still unknown. （Onchain Lens）

[Hyperliquid's Largest BTC Short Position Has a Single Coin Unrealized Profit of $31.8 Million] On November 21, according to Hyperinsight monitoring, the 'largest BTC short position' on the Hyperliquid platform shorted 1,231.98 BTC (approximately $105 million) with 20x leverage. The average entry price was $11,1499, and the current single coin unrealized profit is $31.8 million.

[ZEC Miners' Daily Earnings Slightly Increase, Mining Difficulty Nears Historical High] On November 21, CoinWarz data shows that due to fluctuations in the network's hash rate and a slight rebound in coin price, Zcash (ZEC) daily mining earnings have moderately increased, with average daily output earnings slightly higher than the previous day. Currently, ZEC network mining difficulty stands at 154.26 M, nearing its historical peak.