On chain monitoring shows that the ETH long position worth $167 million fell to a low of $2623 on November 21, only $28 short of the clearing price of $2595, and was not cleared. The ETH and XRP positions of the account, valued at $256 million, previously had a floating loss of $44 million, but the floating loss has now been reduced to $3.95 million. The ETH portion has been fully recovered, while XRP still has a small amount of floating loss. (Ashes)

Ethereum co-founder Vitalik Buterin stated that the PeerDAS technology in Fusaka's upgrade achieves "true data sharding," allowing the consensus process to be viewed by no single node for more than a very small portion of data. （Cointelegraph）

[Confirmation Process Advances for Trump-Nominated CFTC and FDIC Chair Candidates] The U.S. Senate is advancing confirmation votes for two financial regulatory officials nominated by President Trump. Mike Selig has been nominated as Chairman of the Commodity Futures Trading Commission (CFTC), and Travis Hill has been nominated as Chairman of the Federal Deposit Insurance Corporation (FDIC). If appointed, Selig will become the sole commissioner of the CFTC and lead cryptocurrency regulatory legislation and enforcement; Hill advocates for lifting restrictions imposed by the previous administration on banks engaging in cryptocurrency activities and focuses on the issue of 'de-banking.'

[Fanatics Launches Prediction Market Platform, Initially Available in 10 States] Sports merchandise giant Fanatics has launched a prediction market app, Fanatics Markets, initially available in 10 states, with plans to expand to 24 states in phases over the next week. The platform allows users to trade on outcomes of events such as sports scores, political decisions, and economic developments. Fanatics has partnered with Crypto.com to provide compliant trading infrastructure and has obtained CFTC regulation and NFA membership through its previous acquisition of Paragon Global Markets. The company plans to expand its trading categories by 2026 to include cryptocurrency prices, IPOs, technological advancements, and movie outcomes, aiming to compete with Polymarket and Kalshi. The app is now available on iOS and Android platforms.

[Connecticut Orders Kalshi, Robinhood, and ((Crypto.com)) to Cease Sports Betting Operations] The Connecticut Department of Consumer Protection issued an injunction on Wednesday against Kalshi, Robinhood, and ((Crypto.com)), accusing the three companies of engaging in unauthorized online gambling activities through sports event contracts. The state government has demanded an immediate halt to these operations, citing the lack of a state gambling license and alleging that the contract content violates multiple state laws. Although the platforms involved claim to be regulated by the federal Commodity Futures Trading Commission (CFTC), the state has warned that violators will face civil or criminal penalties.