OKB breaks through the $120 mark

[Armenia Plans to Extend Cryptocurrency Cash Transaction Permits Until July 2026] The Armenian government has approved amendments to the 'Crypto Asset Law' and will submit them to parliament for review, aiming to extend the permit period for cryptocurrency cash transactions by one year. Until July 2026, relevant companies may conduct cash transactions under the conditions that the amount per transaction does not exceed 300,000 drams (approximately $780), and the seller must verify the customer's identity and record all transactions. The Central Bank reserves the right to check compliance at any time.

[A Whale Address Spent 539.6 BNB to Buy 1.65 Million RAVE 8 Hours Ago] A whale address starting with 0x2ee6 spent 539.6 BNB (approximately $476,000) 8 hours ago to purchase 1.65 million RAVE tokens. The current value has reached $950,000, with an unrealized profit exceeding $474,000 and a return rate close to 100%.

[Coinbase: The Fed's 'Invisible QE' May Support the Crypto Market, Policy Environment Could Be More Moderate] Coinbase Institutional stated that the Federal Reserve's 25 basis point rate cut aligns with expectations, and the Fed's plan to implement Treasury reserve management purchases within the next 30 days is at least a positive signal. The initial operation scale of this plan is $40 billion, with a start date of December 12. Coinbase believes that the Fed's shift from balance sheet reduction to net injections can be seen as 'mild quantitative easing' or 'invisible QE,' which may provide support to the cryptocurrency market, and the policy environment could be more moderate than anticipated.

[Stanley Huang's ETH Long Position Liquidated, Accumulated Loss of $20.62 Million Since October 11] Stanley Huang (Machi Big Brother)'s ETH long position was liquidated during the early morning market downturn. Since the market crash on October 11, his principal has accumulated a loss of $20.62 million.

[NYDIG: The Benefits of Stock Tokenization Will Gradually Emerge, Not Bring Immediate Huge Gains] Greg Cipolaro, Global Head of Research at NYDIG, pointed out that stock tokenization will not immediately bring significant gains to the crypto market. However, when integrated with blockchain, the benefits of stock tokenization will gradually emerge. Cipolaro stated that the initial gains mainly come from transaction fees, and in the future, real-world assets may be integrated into DeFi. Currently, the Canton Network hosts $380 billion in tokenized assets, while $12.1 billion is deployed on Ethereum. Such assets are still classified as securities and rely on traditional financial infrastructure, but companies are leveraging blockchain to achieve advantages like instant settlement.