[BlockBeats] The recent data from trading platforms is quite interesting. The whale ratio suddenly soared to 0.47—what does this mean? Big players are frantically transferring Bitcoin to exchanges.
One leading platform is seeing the most dramatic situation: the 14-day moving average has already surged to 0.427, a new high since April. Keep in mind, large-scale deposits by whales are usually not a good sign—they’re often preparing to sell. After all, top platforms have deep enough liquidity to handle large sell-offs.
Right now, Bitcoin is struggling around the $93,000 mark, and breaking through seems a bit difficult. This round of whale activity is clearly increasing the selling pressure above.
On-chain data is even more direct: as of November 28, the 30-day moving average of BTC inflows to a leading platform reached 8,915 coins, almost matching the annual peak of 9,031 on March 3. Looking back, after that similar inflow surge in March, the market saw a fierce correction.
This surge in inflows indicates

[Crypto World] XRP recently pulled back by 4.6%, with the price holding near $2.03. While the market is volatile, Ripple has been making some new moves.
Their CTO, David Schwartz, has made his previously private XRPL Hub tool open to the public. Now, anyone can view real-time network data—how stable it’s running, what the latency is—these metrics are all clear at a glance. But Schwartz also tempered expectations in the community: don’t rush to push for any major smart contract upgrades, as the demand isn’t there yet. As for the proposal to reward validator nodes to incentivize new feature development? He flatly rejected it.
On another front, Ripple has taken another step toward institutional adoption. They invested in Bitnomial, a CFTC-regulated trading platform, which has now listed XRP. This kind of move within a compliant framework is important for XRP in traditional finan

SoFi Technologies announced a $1.5 billion common stock offering, priced at $27.50, with shares falling 7.3%. Despite a 38% increase in third-quarter revenue, investors are concerned about equity dilution, drawing attention from the market.

[Crypto World] MARA Holdings’ stock price has been cut in half this year, dropping 55%, but don’t be fooled by the surface numbers—this mining company isn’t as “cheap” as it might seem.
Let’s do the math: MARA does have $4.9 billion worth of Bitcoin on its books, but don’t forget it’s also carrying $3.3 billion in convertible debt. The real net Bitcoin exposure? Only $1.6 billion. Yet its current market cap is $4.7 billion, which means the market is actually paying a premium for its BTC holdings.
What’s more, over half of MARA’s stock price swings actually come from its complex capital structure—they’re playing with leverage in a big way. Compare that to MicroStrategy: MSTR’s capital structure is much more transparent, making it easier for investors to calculate their Bitcoin exposure.
So before bottom-fishing mining stocks, it’s best to check their debt sheet. After all, you’re not just buying pure BTC, but also...

[Crypto World] Meta's move is pretty interesting—they just signed AI data agreements with traditional media giants like CNN, Fox News, and USA Today. In simple terms, when you use Meta's AI chatbot in the future, you'll be able to access real-time news, entertainment gossip, and breaking events from these outlets, with direct links to the original articles.
The official statement is "to help users get information faster and help media outlets reach new readers." Sounds great, right? But don't forget, Meta stopped paying news publishers back in 2022 and even deliberately reduced news content exposure on its platform before. Now they're suddenly making a 180-degree turn to embrace news—most likely for a very direct reason: AI competition is fierce, and real-time data is the ammunition.
These days, every tech company is scrambling to stockpile data to feed their AI, and Meta has found a "legitimate" channel this time. As for how much traffic dividends those media outlets will actually get...

XRP has declined for the second consecutive day, with its current price near $2.06. Despite strong performance from spot ETFs and inflows reaching $887 million, open interest in the futures market has decreased, indicating market caution. Technical indicators show weakening bullish momentum, and attention should be paid to whether the $2 psychological level can be maintained.

The Trump administration's plan to suppress state-level AI legislation at the federal level was rejected by Congress, but the White House has not given up and is revisiting executive orders to challenge state regulations. The battle over AI regulatory authority continues.

In the past two weeks, BlackRock's ETF products have shown divergent performance. The spot Bitcoin ETF saw a net outflow of $275.6 million, while the Ethereum ETF attracted $222.9 million in inflows, indicating a shift in market capital preferences. The ETH/BTC rate rose by 5.77%, suggesting increased appeal for Ethereum and making the short-term trend worth watching.

Pendle performed outstandingly in 2025, with an average annual TVL of $5.8 billion, peaking at $13.4 billion, and a trading volume of $47.8 billion. The user base grew by 155,000. Stablecoins accounted for 85%, with a total fixed income of $58 billion. The new product Boros surpassed $5.5 billion in trading volume within four months of its launch, demonstrating growth potential. Overall, Pendle maintained solid development in the DeFi yield sector.

Digital asset custody service provider BitGo will support the IOTA mainnet starting in December, allowing users to manage IOTA tokens in a regulated and insured environment. This provides a compliant channel for institutions and exchanges and is expected to boost IOTA’s penetration in the US market.

The Aave community has just passed an important vote with a support rate of 99.96%. The vote concerns adjusting the V3 multi-chain deployment strategy, canceling deployment plans on zkSync, Metis, and Soneium, and stipulating that future new chain deployments must first be evaluated for the potential to generate $2 million in revenue. This reflects Aave's increased focus on actual returns.

【区块律动】今晚8点，一个专注Meme币流动性的Launchpad要上线交易了——「无界引擎」平台代币BLR正式开盘。
这个平台主打什么？说白了就是给Meme项目做全套流动性服务。从项目刚起步、到注入流动性、再到后续激励机制，全链路都给你安排上。核心玩法是自动流动性质押+分层收益系统，算是把DeFi那套东西和Meme的玩法结合起来了。
对Meme项目方来说，解决的是「启动后流动性枯竭」的老问题；对LP提供者来说，多了个持续吃收益的渠道。至于BLR代币本身能不能打，今晚开盘见真章。

[Crypto World] The November data just released by a leading exchange is quite interesting—utility tokens suddenly exploded this month.
Among the newly listed tokens, the ten with the most active trading volumes had an average peak increase of 1329%. More importantly, this surge wasn’t driven by Meme speculation; DeFi and infrastructure sectors were the main forces, accounting for 30% and 40% of the gains, respectively. The BSC ecosystem performed the strongest this time, leading the pack in profit growth.
One data point really tells the story: the correlation between trading volume and price trends reached 80%. What does this mean? The market is becoming more rational, and only projects with real capital inflows and actual demand can see stable growth. It’s getting harder and harder for empty projects to survive on pump-and-dump tactics.
By the way, the platform’s own Launchpad and airdrop events were also impressive, with the highest yield reaching 125% and over 2 million USD distributed directly.