Total XRP ETF assets crossed $628 million, absorbing nearly 80 million tokens in 24 hours, making for a stronger initial response than Solana’s ETF debut earlier this year.

[A certain whale spent $3.27 million to purchase 4.68 million SPX within two days] OnchainLens monitoring shows that in the past two days, a certain whale bought 4.68 million SPX at an average price of $0.697, using $3.27 million USDC and USDT.

[Federal Reserve Report: Third-Party Supply Chain Risks May Become a New Fault Line for Financial Stability] On November 27, Federal Reserve research revealed that the top 100 banks and 100 non-bank financial institutions in the United States face highly concentrated risks at the level of third-party service providers. If critical cloud, payment, or core IT service providers were to collapse, it could trigger systemic cross-market events. Models indicate that in extreme scenarios, the tail-end losses caused by systemic incidents far exceed normal operational risks, with operational disruptions becoming a primary source of losses. The crypto market is more sensitive to such risks, as regional or supplier-level disruptions could lead to chain liquidations and liquidity vacuums, necessitating vigilance against the risk of a liquidity spiral downturn. Analysts pointed out that the market is entering a phase of infrastructure risk pricing, and future capital allocation will focus more on system stability and supply chain concentration.

[Justin Sun Discloses Progress on TUSD Reserve Asset Recovery at Hong Kong Briefing] On November 27, TRON founder Justin Sun attended the 'TUSD Reserve Asset Global Legal Recovery Progress Media Briefing' at The Peninsula Hong Kong, where he disclosed key facts and interim results regarding the illegal misappropriation and embezzlement of TUSD reserve funds. Justin Sun expressed gratitude to the Dubai International Financial Centre (DIFC) Courts and the Digital Economy Court for their rulings and stated that efforts are underway globally to trace the missing funds, with the goal of fully recovering them and demanding the return of reserve assets from the perpetrators. Judicial documents reveal that on October 17, the DIFC Courts issued a worldwide freezing order on assets against Aria Commodities DMCC, with the amount involved totaling $456 million. The alleged misconduct includes forgery of authorization, breach of fiduciary duty, illegal transfer of reserve funds, and cross-border money laundering. The individuals and entities involved have been ordered to disclose the flow of funds or face legal consequences.

Animoca Brands founder Yat Siu expressed optimism that altcoins will perform better than Bitcoin and revealed that the company is preparing for an initial public offering (IPO) to provide investors with broader investment opportunities in the cryptocurrency market. （Cointelegraph）