[Market Weighs Rate Cut Expectations and Fed Chair Successor, Spot Gold Holds Steady] IGM analyst Roderick Pillai stated that spot gold fluctuated around $4,150 during early Asian trading on Thursday, slightly below the more-than-one-week high of $4,173.42 reached on Wednesday. Following the release of the Federal Reserve's Beige Book, the market continues to bet on a rate cut by the Fed in December, as the Beige Book did not dampen expectations for short-term easing policies. Supporting factors for gold prices include political pressure on the Federal Reserve. Kevin Hassett, director of the White House National Economic Council, remains a leading candidate to succeed Chair Powell. He is seen as a key advocate of President Trump's dovish monetary policy stance.

Monitoring shows that a newly created wallet has deposited $2.5 million USDC into HyperLiquid and opened a WLFI long position with 5-fold leverage, with a current position value of $2.4 million. （Onchain Lens）

[Ancient Whale Buys 7,318 ETH at an Average Price of $3,016] On-chain analysis shows that an address (0x737...ca6) which interacted with the Ethereum Foundation 10 years ago purchased 7,318.56 ETH yesterday at an average price of $3,016.09, totaling $22.07 million. This address sold 12,575 ETH during Ethereum's peak on August 9 last year and currently still holds 10,529 ETH.

[Edel Finance Accused of Using Linked Wallets to Acquire 30% of Token Supply, Co-Founder Denies Allegations] Blockchain analytics platform Bubblemaps has accused Edel Finance of acquiring 30% of the token supply, valued at approximately $11 million, during its token issuance earlier this month through around 160 linked wallets. These wallets coordinated funding via Binance and MEXC and completed operations through a multi-layered new wallet structure before trading began. Half of the tokens were transferred to 100 secondary wallets linked to MEXC. Bubblemaps stated that these wallets employed a unified obfuscation strategy, and the contract code explicitly included secondary wallet addresses, suggesting intentional concealment. Furthermore, Edel did not disclose these operations on Telegram, Twitter, or official documents, raising concerns about transparency violations. Edel Co-Founder James Sherborne responded by stating that the team planned to acquire 60% of the token supply and lock it in the token vesting contract. However, Bubblemaps pointed out that Edel's tokenomics only allows the team to obtain 12.7% of the tokens through a 36-month vesting schedule (including a 6-month lock-up period), questioning the legitimacy of their actions. Edel Finance focuses on bringing traditional stocks into on-chain lending, with team members including former employees of State Street Bank and JPMorgan.

[U.S. Solana Spot ETF Net Outflow of $8.2 Million Yesterday] On November 27, the U.S. Solana Spot ETF saw a net outflow of $8.2 million yesterday, breaking its streak of consecutive net inflows. Among them, TSOL had a net outflow of $34.4 million.