BingX executive Kevin Lee stated that based on price trends, it is difficult for altcoins to outperform Bitcoin unless new use cases emerge.

【】 The yield of 10-year and 30-year treasury bond bonds of the United States closed at about 5.31% and 5.66%, the highest level since 2002. Anatole Kaletsky, co-founder of Gavekal Research, is optimistic about 10-year and 30-year US Treasury bonds. Bianco Research founder Jim Bianco has turned to long-term US Treasury bonds, believing that their absolute returns are attractive. TLT, with a scale of approximately $47 billion, has recorded a net inflow of approximately $5.3 billion this year.

The Russian Central Bank has registered the first batch of 4 cryptocurrency exchange operators and 5 custodian institutions, with Sberbank included in the list of custodian institutions. Sberbank plans to launch its first batch of cryptocurrency products on December 1st through Sberbank Online, SberInvestments, and SberBusiness platforms, with initial support for BTC, ETH, and USDT. (Source: Cointelegraph)

Bitcoin fell to around $83500 at one point on Wednesday and is now oscillating around $84200, down more than 2% from Tuesday's high of around $86500, but still within the range of $83000 to $87000, and the tiered upward structure has not been disrupted. Giottus CEO Vikram Subburaj stated that BTC has formed a ladder like trend through gradually rising horizontal intervals since July, with $83000 being the current key support level. Alex Kuptsikevich, Chief Market Analyst of FxPro, believes that the support level around $84000 is more important, and if it falls below, it may explore $80000.

Binance has completed the migration of Stargate Finance (STG) tokens to LayerZero (ZRO), with an exchange ratio of 1 STG to 0.08634 ZRO. Users can view ZRO distribution records and recharge addresses on Binance, and the original STG token deposit and withdrawal function is no longer supported.