The Upbit platform was hacked, and assets worth approximately $36.8 million (about 5.4 billion Korean won) were transferred to an unknown wallet on the Solana network. （Lookonchain）

[Tether Terminates All Network EUR₮ Redemption Services Today] Stablecoin issuer Tether announced that it will terminate EUR₮ redemption services across all supported blockchain networks starting today. Tether had already ceased issuing EUR₮ in 2022 and processed the final batch of redemption requests, while no longer accepting new EUR₮ issuance applications. This move is part of Tether's overall strategy to optimize operational and technical infrastructure.

The size of Bitcoin's open contracts has dropped from $45 billion to $28 billion within a few days, which CryptoQuant analysis believes is a leveraged liquidation rather than a bear market sign. （Cointelegraph）

[Ancient Whale Returns to ETH, Regulatory and Institutional Actions Boost Market Sentiment] November 27 news: According to on-chain data observation, an ancient whale address that previously interacted with the Ethereum Foundation has recently returned significant funds. Since yesterday, it has purchased 7,318 ETH at an average price of $3,016, amounting to approximately $22.07 million. This address had sold 12,575 ETH at a high point in August last year, and its total holdings have now risen back to 10,529 ETH. On the regulatory front, the U.S. Nasdaq ISE has proposed increasing the position limit for BlackRock's IBIT options from 250,000 contracts to 1 million contracts, reflecting expectations for demand in spot Bitcoin ETF derivatives. The SEC has released a revised 2025 plan, which includes crypto regulation, safe harbor provisions, and rules specific to DLT. On the institutional side, Ark Invest has increased its holdings in Coinbase and CoreWeave by over $16 million, continuing its capital deployment in crypto and AI infrastructure.

[Cathie Wood Predicts Liquidity Crunch in Crypto Industry May Reverse Within Weeks] Ark Invest founder Cathie Wood posted on the X platform, stating that the liquidity crunch in the AI and crypto industries may reverse in the coming weeks. She noted that the market seems to agree with this view. It is reported that Ark Invest has started buying the dip on several crypto-related stocks, including Block, Circle, Coinbase, Bullish, and Robinhood.