[Binance Ethereum Leverage Ratio Hits All-Time High, Price Drop Triggers Divergence] On November 24, according to CryptoQuant on-chain data, the Ethereum (ETH) leverage ratio on the Binance platform recently surged to an all-time high of 0.562. Previously, this metric had sharply declined from 0.53 in mid-October to 0.41, followed by a strong rebound. However, during the same period, the price of ETH dropped from around $4,200 to $2,800, forming a significant bearish divergence. The data shows that during the price decline, traders did not reduce their risk exposure but instead actively opened leveraged long positions. In the current high-leverage environment, the market faces elevated liquidation risks.

[Whale Buys 4,022 ETH Spot and Opens Leveraged Long Positions] According to Lookonchain data, address 0x8d0e purchased 4,022 ETH spot on the Hyperliquid platform, with a total value of approximately $11.19 million. At the same time, the address opened a 20x leveraged long position for 2,034.5 ETH, valued at approximately $5.66 million, and a 10x leveraged long position for 1,662 BCH, valued at approximately $908,000.

[Port3 Launches Token Migration Plan and Burns Over 160 Million Tokens] AI-powered agent Port3 will initiate a token migration plan, with all tokens migrating at a 1:1 ratio. A snapshot was taken immediately after the attack occurred. The team will distribute tokens through multiple transactions, sending 200-500 tokens per on-chain transaction to users affected by the attack before 20:56 UTC. Currently, the team is still determining how to distribute tokens on CEX platforms. The new tokens will only be issued on the BNB Chain. The additional tokens generated due to the vulnerability will be completely eliminated by burning team-held tokens, with a total of 162.75 million PORT3 tokens burned to ensure the total supply remains unchanged.

[19,100 SOL Transferred from Binance to Fireblocks Custody] According to Arkham data, 19,100 SOL (valued at approximately $2,497,300) was transferred out of Binance to an anonymous address (address starting with 5tzFki), after which the address transferred the SOL to Fireblocks Custody.

[Unusual Divergence in U.S. Economic Data, Federal Reserve Faces Policy Dilemma] On November 24, an unusual phenomenon emerged in the U.S. economy. Data from the Department of Labor showed a reduction in job positions in June and August, with an average of approximately 62,000 new jobs added per month over the three months ending in September. Despite the weakness in the labor market, worker productivity and Gross Domestic Product (GDP) have remained at high levels. Economists believe it is still uncertain whether interest rate cuts can offset the impact of policy changes on hiring. Ryan Sweet, Chief U.S. Economist at Oxford Economics, stated that a lack of job growth could potentially lead to an economic recession, but robust productivity growth could support economic expansion even in a low-employment environment.