[MegaETH USDm Pre-Deposit Channel to Open Today at 22:00 (UTC+8)] MegaETH announced that the USDm pre-deposit channel will open today at 22:00 (UTC+8). The website will go live approximately 1 hour prior to the opening for Sonar verification, with a limit of $250 million. Deposit users will receive USDm tokens on the MegaETH mainnet in December. MegaETH previously launched a pre-deposit cross-chain bridge, supporting cross-chain conversion of Ethereum USDC to Mega mainnet USDm, and plans to activate it on November 25.

[glassnode: Bitcoin enters deep oversold state, early bottom may form in the $84,000 to $90,000 range] On November 25, glassnode released its weekly market analysis report, stating that Bitcoin's current trend remains clearly downward. However, recent resilience around the mid-$80,000 level suggests that if selling pressure continues to weaken, the price may stabilize. The spot market remains quiet, ETF funds continue to flow out, and the market is transitioning from aggressive selling to an orderly risk-off phase. The options market maintains a defensive stance, volatility spreads are narrowing, and panic sentiment is easing. On-chain activity is sluggish, with indicators such as transfer volume and fee revenue slowing down, profitability under pressure, and unrealized losses deepening. The report highlights that Bitcoin has entered a deep oversold state and may form an early bottom structure in the $84,000 to $90,000 range.

Technical indicators suggest a bullish trend, with XRP testing a major descending channel that could lead to further gains.

[Economists Raise 2026 U.S. Economic Growth Forecast, Expect Slower Fed Rate Cuts] On November 25, a survey by the National Association for Business Economics (NABE) showed that the median forecast for U.S. economic growth in 2026 is 2%, up from 1.8% in October and 1.3% in June. The inflation rate is expected to be 2.9% this year, slightly declining to 2.6% in 2026. Job growth is projected to remain weak, with an average monthly increase of 64,000 non-farm jobs in 2026, lower than the October forecast of 75,000. The unemployment rate is expected to remain at 4.5% throughout the year. Economists predict that the Federal Reserve will cut interest rates by 25 basis points in December and by another 50 basis points in 2026, bringing the policy rate closer to a neutral level.

[Q3 Crypto Industry Venture Capital Totals $4.65 Billion, Up 290% QoQ] A research report published by Galaxy Digital reveals that the total venture capital investment in the crypto industry reached $4.65 billion in the third quarter of 2025, marking a 290% quarter-over-quarter increase. This is the second-highest record since the FTX collapse in 2022, second only to the $4.8 billion recorded in the first quarter of this year. A total of 414 deals were completed this quarter, with seven major transactions—including Revolut's $1 billion financing and Kraken's $500 million financing—accounting for half of the total funding. U.S. companies received 47% of the investment amount, while companies in Singapore and the U.K. accounted for 7.3% and 6.8%, respectively. Research director Alex Thorn pointed out that areas such as stablecoins, AI, and blockchain infrastructure continue to attract capital, though the proportion of Pre-seed investments has declined. The report also mentioned that venture capital activity remains below the levels seen during the 2021-2022 bull market, influenced by factors such as reduced enthusiasm for gaming and NFTs, capital diversion to AI, and the interest rate environment. Meanwhile, regulated investment channels like spot ETFs are competing with traditional venture capital for institutional funds.