[Bitcoin Breaks Through $88,000 Mark, Daily Increase Reaches 1.37%] Bitcoin price has risen above $88,000, with a daily increase of 1.37%.

According to AiCoin's real-time on chain monitoring, from 10:09-10:15 (UTC+8) today, the "Calm Open King" closed a ZEC short order with 6262 ZECs, valued at $3.64 million. As of press time, all ZEC short positions have been closed. Whale Address: 0x9263c1bd29aa87a118242f3fbbba4517037f8cc7a

[Unknown Entity Shorts HYPE Through 54 Wallets, Unrealized Profit of $5.34 Million] Analyst MLM monitoring shows that in the past few days, an unknown entity has shorted a total of 1.6775 million HYPE tokens (valued at $51.65 million) through 54 different wallets at an average price of $34.2087. Its closing price is $34.6703, 12% higher than the current price (as of around 3:40 AM today). This entity also triggered a 9% flash crash in HYPE's closing price on November 9. The operation utilized high leverage, with a total wallet margin of $9 million, and the short position has already achieved an unrealized profit (UPNL) of $5.34 million. About a month ago, wallets associated with this entity transferred approximately $8,000 worth of Arbitrum-based USDC to Twitter user @rektober and were linked to Solana and Ethereum wallets named 'okwan.' Additionally, it may involve a token called WOULD, which once reached a market capitalization of $700 million on Solana.

On chain monitoring shows that a whale is gradually buying HYPE in the spot market, currently holding 207389 HYPE worth 6.83 million US dollars, and still has unfinished buy orders in the range of 28-31 US dollars. The whale has previously made profits exceeding 25.67 million US dollars. （Onchain Lens）

[Upbit Parent Company Dunamu and Naver Financial Plan to Merge] The parent company of South Korea's largest cryptocurrency exchange, Upbit, Dunamu, and the payment platform Naver Financial plan to announce a merger on November 27. The boards of directors of both companies are set to approve an all-stock exchange transaction on November 26, with an estimated exchange ratio of 1:3. After the transaction is completed, Dunamu will become a wholly-owned subsidiary of Naver Financial. Post-merger, Dunamu's major shareholders will hold nearly 30% of the new company, while Naver's stake will decrease from 69% to 17%, though it will retain operational control. This transaction values Naver Financial at approximately 5 trillion KRW and Dunamu at approximately 15 trillion KRW.