Upbit has announced the addition of PLUME KRW to multiple services, including spot trading, officially launching on 2025-11-26 at 23:00 (UTC+8). Notes: - Buying orders will be prohibited for approximately 5 minutes after trading support begins, and the minimum selling price will be restricted to no less than -10% of the previous day's closing price. - For approximately 2 hours after trading support begins, only limit orders will be allowed, with other order types restricted. - Deposits will only be supported through verified personal wallet addresses, and deposits that do not comply with travel rules will not be processed.

The address 0x7915 of the giant whale increased its holdings of 60000 AAVEs worth $10.68 million through Galaxy Digital over-the-counter trading 9 hours ago. Since October 13th, the address has purchased a total of 338005 AAVEs through Galaxy Digital over-the-counter trading, with a total value of $59.93 million and an average purchase price of approximately $218. Currently, the account has a floating loss of $13.8 million. （Lookonchain）

[Analyst Warns Crypto Treasury Firms May Face Sell-Offs and a Vicious Cycle] On November 26, the *Financial Times* reported that, due to the sharp decline in cryptocurrency prices, crypto treasury firms are offloading large amounts of their token holdings to support stock prices, as the "digital asset treasury" business boom is rapidly unraveling. Strategy, led by Michael Saylor and the world's largest corporate Bitcoin holder, has seen its stock price drop 50% over the past three months, dragging down the stock prices of several other crypto treasury firms. Strategy's market capitalization has fallen below the value of its Bitcoin holdings, raising investor concerns about its business model. Kaiko senior research analyst Adam Morgan McCarthy stated that these companies may experience a wave of sell-offs, creating a vicious cycle of competitive price undercutting.

[South Korea Kakao Bank Advances Development Plan for KRW-Pegged Stablecoin] South Korean IT giant Kakao's digital banking division, Kakao Bank, has advanced its KRW-pegged stablecoin plan to the development stage. According to its official website, the bank is recruiting backend developers for blockchain services, with requirements including in-depth knowledge of smart contracts, familiarity with token standards, and experience in transaction management and full node operations.

[Franklin Templeton Discloses XRP Spot ETF Holdings of Approximately 32.04 Million Units for the First Time] Franklin Templeton has disclosed details of its XRP Spot ETF for the first time. As of November 25, the ETF holds 32.04056008 million XRP, custodied by Coinbase Custody, with total net assets of $62.94 million and a current outstanding share count of 2.65 million.