[dYdX Community Passes Proposal for Liquidation Rebate Pilot Program] On November 30, the dYdX community passed a new proposal for the 'Liquidation Rebate Pilot Program,' scheduled to launch on December 1, 2025, and run for one month. The program will provide points and rebates to traders who experience liquidation events, with total rewards capped at $1 million.

[Ancient Whale Transfers 40,000 ETH to New Address, Return Rate Nearly 9,700x] Monitoring data shows that an ancient whale has transferred 40,000 ETH, purchased during the Ethereum ICO at $0.31 each, to a new address starting with 0x260. This marks the whale's first ETH transfer in ten years. Currently, the price of ETH is approximately $3,007, with a return rate of 9,699x. These ETH have not yet been sold.

[Arthur Hayes: 99% Bearish on Monad, Calls It a High-Risk VC Coin] Arthur Hayes stated that the Monad token model is characterized by 'high FDV, low liquidity,' essentially a high-risk structure dominated by VCs and early investors. This model often sees a brief surge in the early stages due to hype and low liquidity, but as token unlocks occur, selling pressure may increase sharply. He mentioned that he had made a small investment in MON but is now '99% bearish,' bluntly saying, 'Send this dogshit to ZERO!' Additionally, he believes that apart from foundational chains like Bitcoin, Ethereum, Solana, and Zcash, most emerging L1 projects, including Monad, are unlikely to survive.

[Monad Founder Responds to Arthur Hayes' Criticism, Willing to Gift MON for Mainnet Experience] In response to Arthur Hayes' repeated criticism of MON, Monad founder Keone Hon replied on the X platform, stating that he respects Arthur Hayes' contributions to the industry and acknowledges that perpetual contracts are an important innovation that will continue to grow in the future. Keone Hon mentioned that he has noticed Arthur Hayes' recent comments about Monad, and although some of the content may have been taken out of context, he hopes Hayes can understand the unique aspects of Monad and is willing to gift some MON for him to experience the mainnet. Arthur Hayes had previously criticized Monad multiple times, calling MON 'dogshit.'

["1011 Insider Whale" Closes 5,000 ETH Short Position, Profits Approximately $55,000] "1011 Insider Whale" has closed the 5,000 ETH, 5x leverage short position established yesterday, with a closing price of approximately $2,989.85, resulting in a total profit of about $55,000. On-chain data shows that the perpetual contract account associated with this address still holds 10.83 million USDC in margin, and subsequent actions remain unclear.