Riot 8 sold 3,102 bitcoins for $250 million; Riot Platforms plans to sell newly mined bitcoins.

[US Stocks Close Higher, Chinese Concept Stocks Perform Strongly] US stocks closed higher on Wednesday, with the Dow Jones Industrial Average up 3%, the S&P 500 up 1.58%, and the Nasdaq Composite up 1.44%. Technology stocks diverged, with Trump Media Technology Group down 24%, SpaceX and Tesla down over 3%, SK Hynix down 5%, Micron Technology down 7%, and Nvidia down 3%. Apple rose 5%, Amazon rose 6%, and Microsoft rose 6.6%. The Nasdaq China Golden Dragon Index closed up 3.48%, with Alibaba up 5%. (Source: Jinshi Data)

[Arthur Hayes: FLOP to Determine Testnet Launch Date Early Next Week] FLOP CEO Arthur Hayes stated that the FLOP DevNet is progressing smoothly, and the team is resolving issues and adjusting some protocols. The team will determine the testnet launch date early next week and recommends following updates to the Yellow Paper code repository.

Anthony Scaramucci stated that the only reason the CLARITY bill failed was because US President Trump launched his own Memecoin.

Brent crude oil prices fell as much as 10% as the market bet on a de-escalation of tensions with Iran. Influenced by the US election results and expectations of a de-escalation of tensions with Iran, Brent crude oil prices fell as much as 10%. US Vice President Vance attributed the Republican election loss to the war with Iran, and Democratic Senate Majority Leader Schumer pledged to push for an end to the war with Iran, increasing market expectations that the Trump administration would seek a diplomatic solution. Atlantic Council senior fellow Ben Cahill, Raymond James analyst Pavel Molchanov, and Marshall Wace strategist Seb Barker believe that Vance's remarks strengthened market sentiment, with the market betting that members of Congress and the government might constrain decisions regarding the war with Iran. Analysts point out that it is still unclear whether Vance's remarks represent a shift towards a more moderate US policy towards Iran, and a lasting diplomatic de-escalation agreement between the US and Iran is still needed to push oil prices lower. (Source: Jinshi Data)

The leverage level in the Bitcoin futures market is healthy, with the premium rate remaining in the range of 2% to 6%. Bitcoin prices surged to $80,000, driven by spot demand. (Bitcoin Archive)