CZ: During my sentence, a prison guard consulted me for investment advice

[CITIC Securities: Global Risk Asset Volatility Linked to Dependence on AI Single Narrative] On November 23, CITIC Securities' research report pointed out that the volatility of global risk assets appears to be a liquidity issue on the surface, but fundamentally, it stems from excessive reliance on the single narrative of AI. When the pace of industry development (especially commercialization) fails to keep up with the rhythm of the secondary market, appropriate valuation adjustments can help mitigate risks. Factors such as AI expanding commercialization scenarios, hardware cost reductions, and rising financial stability risks forcing the Federal Reserve to cut interest rates earlier may break the current stalemate.

[BlackRock Bitcoin ETF Single-Day Trading Volume Hits Record High of $8 Billion] On November 21, the trading volume of U.S. spot Bitcoin ETFs surged significantly. BlackRock's iShares Bitcoin Trust (IBIT) recorded a single-day trading volume of $8 billion, marking a new high since its inception. On the same day, the total trading volume of Bitcoin ETFs across the market rose to a historic peak of $11.5 billion. Bitcoin's price stabilized near $84,000 after retreating more than 30% from its peak, driving the surge in trading activity. Despite the active trading, IBIT saw a net outflow of approximately $122 million on the day. ETF analyst Eric Balchunas noted that this reflects a "massive liquidity rotation." Currently, Bitcoin has fallen about 24% in November, down roughly one-third from its all-time high of approximately $126,000 earlier this year.

[CryptoQuant CEO Responds to Data Abnormalities Caused by Coinbase Wallet Migration] CryptoQuant founder and CEO Ki Young Ju posted on the X platform, stating that due to Coinbase's wallet migration, the transfer of hundreds of thousands of bitcoins led to a significant increase in the platform's displayed outflow data. He also mentioned that the relevant data will be updated after the migration is completed.

[U.S. SOL Spot ETF Records Net Inflows for 19 Consecutive Days, Totaling $510 Million] Since its launch on October 28, the U.S. SOL Spot ETF has recorded net inflows for 19 consecutive trading days, with total inflows reaching $510 million.

[The number of addresses holding at least 10,000 BTC increases to 90, hitting a 5-month high] The number of addresses holding at least 10,000 BTC has increased to 90, reaching a 5-month high.