The total market value of cryptocurrencies is $2.36 trillion, with a 24-hour decline of 4.65%

On November 25th, the total net inflow of Bitcoin, Ethereum, Solana, and XRP spot ETFs was $296 million, with Bitcoin ETF inflow of $129 million, Ethereum ETF inflow of $78.58 million, Solana ETF inflow of $53.08 million, and XRP ETF inflow of $35.41 million. （Cointelegraph）

[U.S. Initial Jobless Claims Data to Be Released Early Tonight at 21:30] Due to the U.S. Thanksgiving holiday, the U.S. initial jobless claims data will be released early tonight at 21:30 (UTC+8). On November 27, the U.S. stock and bond markets will be closed for a day, and trading for gold, silver, and oil futures contracts will end early.

[Whale Purchases Another 60,000 AAVE via Galaxy Digital OTC, Total Holdings Reach 338,000] According to Lookonchain monitoring, whale address 0x7915 purchased 60,000 AAVE worth $10.68 million via Galaxy Digital OTC 9 hours ago. Since October 13, the whale has cumulatively purchased 338,000 AAVE via Galaxy Digital OTC, with a total value of $59.93 million and an average purchase price of approximately $218. The current unrealized loss stands at $13.8 million.

An early Ethereum investor sold 20000 ETH through the trading platform FalconX, cashing out approximately $58.14 million. The investor initially purchased 254908 ETH for $79000 in the Ethereum ICO, with a total value of approximately $757 million and a return on investment of 9582 times. （Cointelegraph）

[JPMorgan: Cryptocurrencies Are Transforming into a Tradable Macro Asset Class] JPMorgan stated in a report that cryptocurrencies are transitioning from an ecosystem reliant on venture capital to a tradable macro asset class supported by institutional liquidity. In the early stages, crypto projects often developed through large-scale private financing, with retail investors typically participating only after valuations had risen significantly. Currently, retail participation has declined, and institutional investors are playing a greater role in stabilizing capital flows, reducing volatility, and anchoring long-term prices. Cryptocurrency price volatility remains high and is increasingly influenced by macroeconomic trends rather than being solely driven by Bitcoin halving cycles. One speaker mentioned that cryptocurrencies could potentially reach $240,000 in the long term, showcasing years of growth potential.