Click on the link to enter the meeting: https://meeting.tencent.com/p/6321551049 Black swan events have occurred frequently in the history of the cryptocurrency industry; We all know that the cryptocurrency industry heavily relies on liquidity; So the situation of rapid rise and fall has always existed; Will the black swan really come? Is it still far from us? Review of recent black swan events: In the cryptocurrency industry, such events often amplify market fragility, leading to price drops, liquidity depletion, and confidence collapse. In 2025 (especially from October to November), the cryptocurrency industry experienced multiple black swan events, compounded by macro uncertainty, regulatory pressure, and high leverage, resulting in a market value evaporation of over 30% at one point (from a peak of about $3.5 trillion to $2.4 trillion) 1. In April 2025, Trump unexpectedly announced high tariffs on imported goods, triggering a chain reaction in global stock and cryptocurrency markets. BTC fell 15% in the short term, while altcoins such as XRP plummeted 20%; On October 11th, the "Black Swan" crash saw BTC plummet from $120000 to $102000, causing a significant drop in the market; The market value evaporated by over 500 billion US dollars; From 'greed' to 'fear', the leverage position is reset to zero. 2. Black swan events have occurred frequently in history. Black swans may be late, but they will never be absent. It is extremely important to take preventive measures and build psychological resilience. For example, famous black swan dates in history include the Mentougou incident in February 2014, the ban on seven Chinese ministries on September 4, 2017, the Black Thursday incident on March 12, 2020, the May 19, 2021 incident, and the LUNA collapse incident in May 2022; TFX Thunder Event in November 2022 3. When the black swan comes, how can we avoid risks? We need to learn to save our lives before making money; Only those who survive can experience rebound; The recent fluctuations have been significant, so it is important to strictly implement stop loss and take win strategies. Back then, BTC/ETH pressure points: BTC follows 88K, 90K, ETH follows 3K, 3.2k Tonight we will talk about the trend and layout of the market, teach indicators, deviate from techniques, follow the live broadcast room, take you through bull and bear markets, welcome to interact. Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.

The Sumar Party in Spain has proposed raising the capital gains tax on cryptocurrencies to 47%, which has raised concerns among critics who believe the plan targets Bitcoin. （Cointelegraph）

[Grayscale Submits Zcash Trust S-3 Registration Statement to SEC] Grayscale Zcash Trust (ZEC) submitted an S-3 registration statement to the U.S. Securities and Exchange Commission on November 26, 2025, with file number 333-291800. The trust company is headquartered in Stamford, Connecticut, and primarily engages in commodity contract brokerage and trading business.

[Three Whales Open Bitcoin and ETH Long Positions on Hyperliquid] According to monitoring by Lookonchain, in the past 2 hours, three whales have opened Bitcoin and ETH long positions on Hyperliquid. Address 0x0ddf opened a 3x leveraged long position of 311.9 BTC ($27.14 million) and a 2x leveraged long position of 5,176 ETH ($15.15 million); address 0x2c26 opened a 20x leveraged long position of 346 BTC ($30.09 million); address 0x535e opened a 25x leveraged long position of 7,000 ETH ($20.49 million).

The pilot's goal was to show how banks can use Google’s Universal Ledger to settle fiat payments in real time without new digital currencies.