The Chinese automotive transaction firm turned bitcoin miner Cango issued an update to its shareholders.

**[Bitfinex Report: $2.8 Billion in Bitcoin Long Liquidations, Deleveraging May Be Nearing Its End]** The Bitfinex report shows that over the past two days, the total liquidation of Bitcoin long positions reached $2.8 billion. Bitcoin's price dropped by more than 10.4%, falling below the October 10 low to $99,045, with an overall market cap reduction of $280 billion. This deleveraging event is similar to the adjustment in April, indicating that leverage and overvaluation are being cleared, and the market may have bottomed out. The decline may have been triggered by reduced expectations for a December rate cut and strong stock market performance, which spurred risk-off sentiment. The total open interest has dropped to $69.3 billion, down from $92 billion at the beginning of October, suggesting the deleveraging phase may be coming to an end. If ETF fund inflows resume, the market may enter an accumulation phase.

[Solmate Infrastructure Launches SOL Validator Node in UAE] Solana treasury company Solmate Infrastructure has announced the launch of a SOL validator node in the UAE. Local users can stake SOL tokens and directly earn rewards through Solmate's validator node.

[Tether Partners with KraneShares and Bitfinex Securities to Promote the Development of Tokenized Capital Markets] Tether's asset tokenization platform Hadron, KraneShares, and Bitfinex Securities have reached a strategic agreement aimed at accelerating the development and application of tokenized securities in global markets. The Hadron platform provides technical support for the tokenized asset market, while Bitfinex Securities offers regulatory and operational capabilities through a platform licensed by El Salvador's National Digital Asset Commission, including secondary trading liquidity. KraneShares contributes ETF expertise and global distribution channels.

[JPMorgan Expects Retail Funds to Continue Driving Stock Market Higher] JPMorgan stated that strong seasonal trends are expected to keep retail fund inflows supporting the stock market through the end of the year. The S&P 500 index, driven by AI-related tech stocks, has risen for six consecutive months and set 36 all-time highs. JPMorgan expects retail-driven momentum to continue until early 2026, with recent inflows into stock ETFs amounting to approximately $160 billion. Although the stock market has temporarily stalled due to profit-taking and uncertainties surrounding U.S. policies and the Federal Reserve's interest rate trajectory, Goldman Sachs analyst Richard Privorotsky believes any pullback should be short-lived, describing stocks as still a 'buy-the-dip' opportunity.