BNB breaks through the $600 mark

[Suspected Polychain Capital Wallet Transfers 4.114 Million PENDLE to FalconX, Potential Loss of $3.25 Million] A suspected institutional address of Polychain Capital accumulated 4.114 million PENDLE at an average price of $2.98 between March and September, with a total cost of approximately $12.26 million. Eight hours ago, the address transferred all the tokens to FalconX. Based on the current price of $2.19, an estimated loss of $3.25 million is expected.

[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.