[VanEck Plans to Launch Spot BNB ETF, Ticker Symbol VBNB] According to filings with the U.S. Securities and Exchange Commission (SEC), VanEck Digital Assets plans to launch the VanEck BNB ETF. This fund is a spot ETF designed to directly hold BNB tokens and track their price performance, calculating returns after deducting trust operating expenses. The ETF is expected to be listed on Nasdaq under the ticker symbol VBNB. The trust will evaluate asset value daily based on the MarketVector BNB Index and currently does not involve any staking activities. If staking is introduced in the future, it will be conducted through a third-party staking service provider with prior notice to investors. The trust is not regulated under the Investment Company Act of 1940 or by the Commodity Futures Trading Commission (CFTC), and it carries high investment risks, potentially leading to total loss. Van Eck Associates Corporation has purchased $100,000 worth of seed shares. Previously, the ETF was registered in Delaware.

[ZetaChain Upgrades ZetaClient to New Version, Optimizing Cross-Chain Transactions and User Experience] ZetaChain has released a new version of ZetaClient, following the execution layer iteration after the UNISON (V36) mainnet launch. The update introduces multi-deposit/multi-call functionality for single cross-chain transactions and advances the goal of achieving approximately 2-second block times. After the upgrade, cross-chain interactions can automatically split and trigger multi-step, multi-chain contract calls on the Universal EVM, reducing reliance on off-chain orchestration, enhancing the capital efficiency and process experience of Universal DeFi/DEX, and optimizing the implementation of cross-chain workflows for AI agents. Additionally, the new version improves inbound stability under high loads, supports faster keysigning, offers stronger observability, and expands native interoperability with Sui and Solana.

[RWA Protocol R25 Launches rcUSD and rcUSDp on Sui] On November 25, the RWA protocol R25 launched rcUSD and rcUSDp on the Sui network. rcUSD is a token backed by regulated real-world assets (RWA) and pegged to the value of 1 USD. rcUSDp is an interest-bearing voucher token obtained by staking rcUSD, with yields derived from the underlying RWA asset portfolio and public chain incentives. rcUSD and rcUSDp will integrate with DeFi protocols on Sui, offering on-chain yield opportunities, lending functionalities, and liquidity for RWA-backed assets. This collaboration is regarded as a significant development for the Sui DeFi ecosystem, which currently has a total value locked (TVL) exceeding $2 billion.

[Capital B Increases Holdings by 5 Bitcoins, Total Holdings Reach 2,823] On November 25, French publicly listed company Capital B increased its holdings by 5 Bitcoins, bringing its total holdings to 2,823.

[Whale Purchases 86.2 Million BNBHolder for $963,000, Holding 8.62% of Total Supply] According to Lookonchain data, whale address 0x68f7 withdrew 1,127 BNB (worth $972,000) from Binance and subsequently used 1,115 BNB (worth $963,000) to purchase 86.2 million BNBHolder tokens at a price of $0.0112 per token, accounting for 8.62% of the token's total supply.