The digital-asset infrastructure provider will help secure and govern the Canton Network while expanding custody services for institutions.

[Paxos Acquires Crypto Wallet Company Fordefi for Over $100 Million] Crypto payment infrastructure company Paxos announced the acquisition of New York-based crypto wallet startup Fordefi for over $100 million. Fordefi specializes in designing crypto wallet solutions for decentralized finance (DeFi) and currently has approximately 40 employees, serving around 300 clients.

[Hyperliquid's MON TOP1 Long Position Holder Gains $1.572 Million in Unrealized Profit] On-chain analysis shows that the TOP1 long position holder of MON on Hyperliquid has an unrealized profit of $1.572 million. The position was opened 21 hours ago at $0.02878, with a current holding of 163 million tokens (valued at $6.28 million). Over the past 50 minutes, the holder has partially closed the position, taking profit on 8.04 million tokens and earning $90,000. Additionally, a $1 million limit buy order has been placed in the [0.033 - 0.034] range, indicating continued bullish sentiment if the price retraces to the psychological level.

[U.S. September Core PPI Year-on-Year Growth at 2.6%, Below Expectations] The U.S. September Core Producer Price Index (PPI) grew 2.6% year-on-year, below the expected 2.7%, with the previous value at 2.8%.

[U.S. Treasury Secretary Besent Says the Federal Reserve Should Step Back and Simplify Measures] On November 25, U.S. Treasury Secretary Besent stated that the Federal Reserve's 'ample reserves system' might be slightly unraveling and needs simplification. He expressed concern about rising living costs and pointed out that the Federal Reserve's policies need to focus on the future. He also mentioned that Federal Reserve governors seem inclined toward cutting interest rates.