Spot bitcoin ETFs have seen persistent outflows ($3.55 billion in November), and stablecoin supply has declined, indicating capital is leaving the market, NYDIG Said.

[Crypto Lawyer Khurram Dara Claims New York State's BitLicense is an Illegal Regulation] Crypto lawyer Khurram Dara stated in his first interview after announcing his candidacy for New York State Attorney General that New York State's Bitcoin license (BitLicense) is an illegal regulation that infringes on the economic rights of cryptocurrency companies intending to operate in the state.

[Coinbase Policy Head Says Full Reserve Mechanism Enhances Stablecoin Security] Coinbase Policy Head Faryar Shirzad stated that the full reserve collateral mechanism makes stablecoins safer than the banking industry and believes that the widespread adoption of stablecoins would actually enhance stability. He explained that banks issue long-term high-risk loans, facing both credit and liquidity risks, whereas stablecoin issuers typically hold short-term government bonds, which are nearly risk-free and highly liquid.

[Linea Mainnet Bridges Over 1.22 Million ETH] Dune data shows that the Linea mainnet has bridged and transferred in 1,222,464 ETH, with a total of 1,310,038 transactions and 428,014 interacting addresses.

[Whale Address Sells 32,000 SOL at a $2.04M Loss] According to Lookonchain monitoring, whale address GJwCUj sold 32,195 SOL tokens worth $4.18 million, incurring a loss of $2.04 million in this transaction. These tokens were purchased and staked 10 months ago. Two years ago, this address bought 400,000 SOL at an average price of $89 (totaling $35.7 million) and sold them less than two months later at a price of $108, earning a profit of $8.15 million. However, SOL continued to rise afterward, and if held until its peak, this trade could have yielded a profit of over $82 million.