BNB falls below the $850 mark

[NVIDIA Pre-market Drops Over 4%] NVIDIA (NVDA.O) pre-market stock price fell over 4%, as reports indicate Google plans to directly sell TPUs to Meta.

[A Whale's HYPE Spot Trading on HyperLiquid Triggers Intense Market Volatility] On November 25, a whale deposited $32 million USDC into HyperLiquid and used TWAP to purchase $14.5 million worth of HYPE spot, attempting to squeeze large short positions that were approximately 5% away from the liquidation price. The whale then placed $7.05 million worth of short orders in the $34.5–$36 range to induce a short squeeze. Traders subsequently opened short positions against the whale's buy orders, causing the funding rate to briefly surge to over –800%, with a spot premium of $0.4. The whale then executed a market sell of 100,000 HYPE ($3.3 million), causing the price of HYPE to drop 4% within seconds. The short positions being squeezed were reduced from 2.1 million HYPE ($67.1 million) to 727,000 HYPE ($24 million).

[Binance Accused of Facilitating Terrorist Organization Fund Transfers, Sued by U.S. Victims] 306 U.S. victims and their families of the 2023 Hamas attacks on Israel have filed a lawsuit against Binance and its founder Changpeng Zhao in federal court in North Dakota, accusing them of assisting Hamas and other terrorist organizations in handling over $1 billion in funds, including more than $50 million still circulating after the attacks. Although Changpeng Zhao pleaded guilty in 2023 and served a four-month sentence before being pardoned by President Trump, the lawsuit alleges that Binance continues to support illegal financial activities. The plaintiffs are seeking compensation and triple punitive damages.

A sharp drawdown has pushed BTC towards heavy put positioning at $80,000 ahead of Friday’s expiry.

[Whale Deposits $32.1 Million USDC into HyperLiquid to Increase HYPE Holdings and Open Short Position] A whale deposited $32.1 million USDC into the HyperLiquid platform to increase HYPE holdings, currently holding 741,318 HYPE tokens with a market value of approximately $24.63 million. At the same time, the whale opened a 10x leveraged HYPE short position for hedging operations.