Dogecoin Slumps 9% Amid Bitcoin Weakness. Is a Larger Dump Coming?

[BTC OG Whale Withdraws $10.83 Million to Binance Wallet, Closes ETH Short Position Yesterday with $54,000 Profit] On December 1, within the past two hours, a BTC OG whale withdrew $10.83 million from Hyperliquid to a Binance wallet, clearing out the account's funds. Monitoring shows that this address closed an ETH short position worth approximately $15 million yesterday, earning a profit of $54,000. Since depositing $10 million on November 25, this address has accumulated a total profit of about $837,000. This whale is linked to a dormant BTC OG address inactive for 8 years, which once held over 50,000 BTC. Its operations are highly synchronized with Trump’s statements and U.S. policy trends. BitForex CEO Garrett Jin has admitted to being associated with this address.

[PeckShield: Nearly $200 Million Lost in Crypto Security Incidents in November 2025] PeckShield monitoring shows that approximately 15 major crypto attack incidents occurred in November 2025, with total losses amounting to around $194.27 million, a 969% increase compared to October's $18.18 million. The five largest attack incidents include: Balancer v2 and its branches with losses of $137.4 million (of which $39 million has been recovered), Upbit with losses of $36 million, Yearn Finance with losses of $9 million, HLP bad debt of $4.95 million, and GANA PayFi with losses of $3.1 million.

[Arthur Hayes Says Bitcoin Plunge Due to Bank of Japan Hinting at Rate Hike] On December 1, Arthur Hayes stated that the reason for Bitcoin's plunge is the Bank of Japan hinting at a possible rate hike in December. The USD/JPY exchange rate fluctuates in the 155-160 range, indicating a hawkish stance from the Bank of Japan.

[Key Regulations on Illegal Stablecoin Exchange Activities from the People's Bank of China 1128 Meeting] On December 1, the People's Bank of China, in collaboration with multiple departments, held the 1128 meeting to reaffirm the provisions of the 2021 'Notice on Further Preventing and Handling Risks of Virtual Currency Trading and Speculation.' The meeting reiterated the prohibition of virtual currency-related business activities and emphasized cracking down on money laundering and illegal capital outflows using virtual currencies. Lawyer Xiao Sa interpreted the meeting as focusing on regulating illegal exchange activities involving stablecoins, as such practices severely disrupt financial order. In recent years, judicial authorities have intensified their regulation of cryptocurrency traders, involving charges such as illegal business operations and money laundering. Furthermore, Xiao Sa believes the meeting will not impact Hong Kong's open policy on virtual assets, as Hong Kong and mainland China have established a basic regulatory framework of openness versus restriction.

[Cosine: 'White Hat Negotiation' Message After Yearn Attack is a Phishing Scheme] SlowMist founder Cosine tweeted that the 'white hat negotiation' message appearing on-chain after the Yearn attack was fabricated and is actually a phishing scheme, similar to the attack method used in the previous Balancer incident. The attacker concealed their identity through the Railgun protocol, prepared a low-Gas address 28 days in advance, and executed the exploit, ultimately transferring 1,000 ETH using Tornado Cash. Currently, the attacker's address still holds approximately $6 million in crypto assets.