Circle and Tether: $16 billion in stablecoins have been issued since October 10th

Event Time: November 20, 2025 12:00- November 27, 2025 23:59 [Participation Method] 1. Post on Gate Square with hashtags # Gate Square Christmas Warmth # or # GateChristmasGiveaway #, which can include market sharing, investment insights, Christmas wishes, life records, etc. 2. The same user must post for at least 3 days (continuously or intermittently), in the form of text, graphics, and videos. Event entrance: https://www.gate.com/zh/campaigns/3297?ref=AICOINGO Reward Settings Christmas Warmth King (Top 1-10): Based on the comprehensive evaluation of posting quantity, content authenticity, and interactive performance, a Christmas gift box+50-300 space experience voucher will be awarded. Top 1-3 requires posting for at least 7 days and interaction for at least 5 days; The top 4-10 require posting for at least 5 days and interaction for at least 3 days. Winter Lucky Snowflake Award (20 winners): Randomly select and reward with a $30 space experience coupon. Reward distribution The list of winners for the overseas region will be announced on December 1st, and for the Chinese speaking region on December 10th. The awards will be distributed through private messaging. Activity Rules Participating users must complete KYC authentication and are prohibited from engaging in behaviors such as brushing or plagiarism. High quality content can receive the "Selected Posts" logo and the benefits of the Square Ambassador Program. Join now, share your winter story, and win a heartwarming Christmas gift! (The final interpretation of the event belongs to Gate)

According to AiCoin's real-time on chain monitoring, from 10:36-10:37 (UTC+8) today, the "Calm Open Order King" opened a ZEC short position with a quantity of 2560 ZEC and a value of $1.29 million. As of press time, the value of its ZEC short position is $1.29 million, with a floating loss of $0 million. Whale Address: 0x9263c1bd29aa87a118242f3fbbba4517037f8cc7a

[DeFi Protocol Spark Opens Voting for 'SubDAO Proxy Management Plan' Proposal] DeFi protocol Spark has opened voting for the 'SubDAO Proxy Management Plan' proposal, which will remain open until November 28. The proposal includes accumulating all net profits of Spark into the SubDAO Proxy (treasury). Surplus funds exceeding the requirements for risk capital and operational expenses will be used to purchase SPK tokens according to governance parameters. As the treasury's surplus capital grows, the buyback scale will automatically expand in accordance with the procedure.

[Swing whale nemorino.eth spends $6 million USDC to purchase 2,014.87 ETH again] On-chain data shows that swing whale nemorino.eth, after losing $1.804 million in the previous ETH operation, spent $6 million USDC on-chain 5 hours ago to purchase 2,014.87 ETH again, with an average buying cost of $2,977.85.

Rising odds of a Fed pivot helped calm crypto markets, while QCP and Glassnode point to a reset in leverage, fading sell pressure, and early signs of a bottoming structure as traders hedge both downside and late-year upside.