[Total Locked Value of USDe Drops to $7.6 Billion, Down Over 50% Compared to October] The total locked value (TVL) of Ethena's synthetic stablecoin USDe has decreased from $14.8 billion in October to the current $7.6 billion, a drop of over 50%. Weak market conditions and reduced leverage demand have led to compressed perpetual funding rates, with USDe's annualized yield currently around 5.1%, down from double-digit levels at the beginning of the year. The significant decline in TVL is primarily due to the unwinding of leverage loop strategies in DeFi protocols, particularly in lending markets like Aave. As USDe's yield fell below the 5.4% cost of borrowing USDC on Aave, some arbitrage trades were closed. Nevertheless, USDe's usage continues to grow, with on-chain transaction volume exceeding $50 billion last month.

[OpenAI Co-founder Sam Altman's Ex-Boyfriend Robbed, Losing $11 Million in Crypto Assets] On November 26, police reported that Lachy Groom, a 31-year-old venture capitalist and ex-boyfriend of OpenAI co-founder Sam Altman, was the victim of an armed robbery at his San Francisco residence last Saturday night, losing $11 million worth of Ethereum and Bitcoin. Surveillance footage shows the suspect disguised as a delivery person entering the $4.4 million home, holding the victim at gunpoint, binding him with tape, torturing him, emptying his crypto wallets, and stealing his phone and computer. Police believe this was an organized crime, and the case is still under investigation.

[ETH ICO Whale Suspected of Selling 20,000 ETH Worth $58.14 Million] On-chain analysis shows that a whale address (0x2Eb...7B15), which participated in the ETH ICO and obtained 254,900 ETH, deposited 20,000 ETH worth $58.14 million into FalconX 10 hours ago, when the ETH price was $2,906.79. The last time this whale transferred tokens to an exchange, the ETH price was $1,452.04. The address currently still holds 3,070 ETH, worth $9.07 million.

The New York Stock Exchange has officially approved the listing and registration application of Bitwise Dogecoin ETF. （Cointelegraph）

Caroline D. Pham, Acting Chair of the Commodity Futures Trading Commission (CFTC), is seeking a CEO nomination for its Innovation Committee, aimed at addressing regulatory issues in the cryptocurrency and prediction markets. （Cointelegraph）