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21X ANNOUNCES PARTNERSHIP WITH CHAINLINK

21X has partnered with Chainlink to power its EU-regulated trading and settlement system for tokenized securities, set to launch in Q1 2025 under Germany's BaFin supervision.

DEFI REENTERS THE MAINSTREAM

Aerodrome Finance has surged to become the 7th highest revenue-generating protocol in DeFi, nearing the ranks of giants like Solana and Maker.

XRP MARKET VALUE SURPASSES SOL

XRP's market value has skyrocketed to $132.8 billion, surpassing USDT to rank as the third-largest cryptocurrency, following Bitcoin and Ethereum.

ECB ADVANCES DIGITAL EURO PROJECT WITH NEW PROGRESS REPORT

The European Central Bank (ECB) has released its second progress report on the digital euro project, detailing advancements in creating a unified digital payment system across the eurozone.

SPOT ETH ETFS CLOCKS HIGHEST DAILY INFLOW DAY: ‘ALT ROTATION HAS BEGUN'

US Spot Ethereum ETFs hit a record high in daily inflows of over $330 million, surpassing the previous Nov 11 high of $295.5 million. BlackRock's Ethereum Trust (ETHA) is responsible for the vast majority of inflows. It now has over $2 billion in total inflows since its launch on July 23. The Friday inflows were higher than BTC ETF flows for the first time, potentially indicating that Wall Street is joining the “alt rotation.”

BITCOIN IS FLYING HIGH—THESE COUNTRIES ARE CONSIDERING A NATIONAL RESERVE

As Bitcoin approaches $100K, several countries, including the United States, Brazil, Poland, and Russia, are exploring establishing a national Bitcoin reserve to improve economic resilience and diversify reserves, an approach El Salvador pioneered. Recent proposals and legislation highlight growing global interest in incorporating Bitcoin into national strategies, though implementation remains uncertain.

CURVE + ELIXIR + BLACKROCK: A $533M BRIDGE BETWEEN TRADFI AND DEFI

Curve Finance, Elixir, and BlackRock have partnered to integrate BlackRock's $533M tokenized fund (BUIDL) into DeFi to enable vetted participants to mint deUSD, a yield-bearing synthetic dollar. Curve, which hosts the majority of deUSD liquidity, is positioned as the central hub for stablecoin trading, bridging TradFi and DeFi to create more stable, liquid markets.

HYPERLIQUID'S NATIVE TOKEN DEBUTS AT FULLY DILUTED $4.2B MARKET CAP

Decentralized perpetuals exchange and L1 blockchain HyperLiquid recently airdropped its HYPE token, with 31% of the supply allocated to former traders. Unlike recent airdrops, it immediately jumped in value to a fully diluted valuation of over $4 billion. The token is used to secure the network via proof of stake and to pay transaction fees.

THE 5 LEVELS OF SECURE HARDWARE

This framework by Paradigm proposes five evolutionary levels of secure hardware development. The industry is currently at level 3, which offers strong developer experience and GPU support for applications like private ML inference but still relies on a proprietary manufacturing process. The progression ranges from basic oracle/bridge applications in Level 1 to Level 5's vision of heterogeneous open, secure hardware networks capable of handling sensitive global-scale operations like voting systems. Current tech enables practical applications with hardware attestation, but Level 5 requires significant advances in open manufacturing processes and hardware interconnectivity, with tradeoffs between security, performance, and developer experience.

WHAT IS IT ALL FOR? ON INFRA FATIGUE AND THE PATH FORWARD FOR L1S

The crypto industry has an issue with over-investing in infrastructure at the expense of consumer applications. Current L1 and L2s achieve only a few hundred TPS compared to the 10,000+ TPS needed for mainstream adoption. While infra investment has enabled improvements like cheaper transactions, future development should focus on creating entirely new design spaces rather than marginal improvements to existing solutions. Successful L1s should enable transformative applications through significant performance improvements.

MECHANICS BEHIND DEBANKING

Debanking is when a bank closes all of a customer's accounts, often without providing a clear reason. This practice has gained attention due to allegations that U.S. regulators pressured banks to sever ties with certain industries, notably tech and crypto firms, effectively restricting their access to financial services.

THE NEXT STEP FOR AI AGENTS

AI agents are experiencing a transformative “DeFi Summer” moment, with growing attention and capital inflows driven by agents' ability to learn, adapt, and potentially integrate into every aspect of life, from trading to personal productivity. However, for AI agents to achieve the next 100x improvement, they must become highly personalized while ensuring privacy and security of user data. Solutions like Nillion's encrypted, privacy-enhancing technology offer a path forward for secure personal data integration.

BASE CONFIRMS THERE WILL BE NO TOKEN

Base has confirmed that there are currently no plans for a network token.

HYPERLIQUID WAS THE BEST-EXECUTED AND MOST REWARDING AIRDROP

Hyperliquid's airdrop and token generation event (TGE) set a new standard by genuinely rewarding early users with incentives like significant token drops and evolving engagement mechanics.

AI AGENT SWARMS COULD MIRROR FIVERR

An AI agent swarm could function as a marketplace like Fiverr, where AI agents autonomously offer personalized services such as trading, research, communication, and task automation on behalf of users.

HOW LIBRA WAS KILLED

The demise of Meta's ambitious Libra project, a blockchain and stablecoin system that aimed to revolutionize global payments, came not from regulatory non-compliance but from political resistance, with pressure from top U.S. officials to halt the initiative.

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CELSIUS TO DISTRIBUTE $127 MILLION TO CREDITORS IN SECOND BANKRUPTCY PAYOUT

Celsius, a now-bankrupt crypto lender, is distributing $127M in cash or crypto to creditors in its second bankruptcy payout, which covers roughly 60% of petition date claims. This follows its 2022 bankruptcy, a $1.2 billion balance sheet gap, and fraud charges against its former CEO, Alex Mashinsky, who faces up to 115 years in prison.

BITCOIN MINERS APPROACH $40B MARKET CAP AS DIFFICULTY SET FOR FIFTH STRAIGHT INCREASE

Publicly traded bitcoin miners are nearing a $40 billion market cap, doubling in seven months as Bitcoin approaches six figures, despite halved rewards and rising mining difficulty. To adapt, companies are diversifying into AI and computing services or expanding bitcoin holdings, like Marathon's 703 BTC purchase via a $1 billion note, while sector ETFs trail Bitcoin's 113% YTD growth.

HYPERLIQUID TO LAUNCH TOKEN TODAY, NOV 29TH

Hyperliquid, the largest decentralized exchange by volume and active users, will host the HYPE genesis event at 07:30 UTC on November 29, introducing its native token, HYPE, which secures its high-speed HyperBFT consensus. Expanding from a DEX to a full financial system, Hyperliquid combines cutting-edge onchain performance with programmability via HyperEVM, aiming to revolutionize decentralized finance with trustless, high-throughput infrastructure.

INTRODUCING AGENTIC AD FRAMEWORK V1

VaderAI has launched a system where agents act as Key Opinion Leaders (KOLs) in crypto, receiving a $10,000 token airdrop that influences communication frequency about the token. With a transparent vesting schedule and rewards for VADER stakers, this framework lays the groundwork for a streamlined agentic economy, with future improvements planned for token distribution, KOL selection, and engagement-based rewards, alongside potential applications in gaming.

EXPLORING BASE'S ROLE IN THE GROWING ONCHAIN ECONOMY

The onchain economy has experienced explosive growth in 2024, with weekly transactions up 60% 531 million and TVL increasing 110% to $88 billion. Base has stood out as the leading onchain ecosystem with daily transactions up 1,900% to 7.7M and stablecoin volume growing over 8,800% to $55B weekly. Base's rapid adoption has been caused by sub-cent transaction fees and a diverse set of applications, positioning the network as a key infrastructure layer for the expanding onchain economy.

TOP 7 AGENT ECOSYSTEMS YOU SHOULD KNOW ABOUT

The AI agent ecosystem in crypto has evolved into several distinct architectures, with Virtuals emerging as the leading platform with its GAME engine for agent-to-agent interactions and over 4,000 agents. The ecosystem spans different technological focuses: Eliza is Solana's dominant open-source framework, Holoword has advanced 3D audiovisual capabilities, and Myshell has significant adoption with 4 million users across 300 models. Moemate stands out with cross-platform compatibility in AR/VR, while platforms like vvaifu.fun and CreatorBid target specific niches on Solana and Base. Multiple platforms are preparing token launches, and the sector is poised to receive multi-billion dollar valuations.

METAMASK CO-FOUNDER: MEMECOINS REVEAL WEB3 AND AI CONSENT FLAWS

MetaMask co-founder Dan Finlay's memecoin experiment showed flaws in Web3's approach to consent, trust, and investor expectations similar to challenges in AI platforms regarding data use without explicit consent. His findings reveal the need for better tools, incentives, and infrastructure to create clearer structures, foster trust, and improve user experience in the memecoin and broader Web3 ecosystems.

VAMPIRE DROP

The "Vampire Drop" strategy for token launches involves incentivizing users to deposit competitor tokens into vaults in exchange for future rewards in the project's token. The scheme creates buyer pressure for the new token while flooding the market with competitor tokens, a tactic that is likely illegal and highly controversial.

COINBASE'S DECISION NOT TO SUPPORT CELO LAYER 2 UPGRADE CAUSES STIR AMONG STAKEHOLDERS

Coinbase's decision not to support Celo's migration from Layer 1 to Layer 2 in Optimism's Superchain has sparked criticism from Celo's community and Ethereum advocates and raised concerns about its impact on Ethereum's scaling roadmap.

AAVE SUPPLY GROWS ON BASE

Base has seen over 5,000% growth in supply and net deposits since January, marking a year of all-time highs in market activity.

POLYGON POS APPRECIATION

Ethereum appears biased against Polygon POS despite its significant contributions to Ethereum adoption through developers, users, and global partnerships.

HONG KONG PLANS TO CUT TAXES ON CRYPTO

Hong Kong has announced plans to reduce taxes on cryptocurrency for hedge funds and private equity firms, signaling a push to strengthen its position as a global crypto hub.

COINBASE SUNSETS USDC REWARDS IN EEA

Coinbase is discontinuing its USDC Rewards program for EEA customers beginning December 1 because of compliance with the European MiCA regulation's new requirements for e-money tokens.

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BITCOIN BULLS LOSE STEAM, AUSSIE-YEN DIPS, HINTING AT BROAD-BASED RISK AVERSION AHEAD

Bitcoin's momentum has stalled near $100,000 as traditional market risk indicators flash warning signals, particularly visible in the weakening AUD/JPY pair amid growing speculation of a December Bank of Japan rate hike. The market setup bears striking similarities to the July-August period when the yen strengthening triggered widespread deleveraging, pushing Bitcoin from $70,000 to $50,000. The combination of potential BOJ tightening, Federal Reserve policy uncertainty, and resurging trade war concerns suggest increased downside risk of Bitcoin in the short term.

BRAZILIAN LAWMAKER PROPOSES NATIONAL BITCOIN RESERVE TO HEDGE ECONOMIC RISKS

A Brazilian lawmaker has proposed a bill to create a national bitcoin reserve. It will allocate up to 5% of Brazil's international reserves to hedge against economic and geopolitical risks. The bill marks another step in the growing trend of nation-states embracing Bitcoin.

GAME - ENABLING AGENT-TO-AGENT INTERACTIONS

Virtuals Protocol's GAME framework enables autonomous agent interactions and sophisticated actions. The initial demo was shown in a Roblox game, but the architecture extends far beyond gaming environments. GAME aims to become the open communication standard for the Agentverse. Virtuals plans for the standard to allow for agent-to-agent interactions, transactions, and coordination at scale by combining working and long-term memory components with high and low-level planners to enable complex behaviors.

VECTOR LAUNCH

Meme trading app VECTOR has officially launched on Apple and Google Play, offering an exclusive, invite-only experience through access codes. The platform is generating buzz with ongoing code drops, fueling excitement among traders eager to participate in its unique trading ecosystem.

DAVID AND GOLIATH: HOW WEB3 CAN COMPETE IN AI

Web3 protocols are positioning themselves to compete in AI by targeting specific niches rather than challenging web2 giants head-on in foundation model development, with a focus on providing compute resources for mid-tier and bespoke models. The strategy leverages Web3's strengths in censorship resistance, transparency, and social verifiability, particularly in areas where decentralized networks offer value. Centralized giants dominate cutting-edge hardware and foundation models, but Web3 protocols can still provide unique value in overlooked areas and pave the way for a more diverse and open AI ecosystem.

WHY DECENTRALISED COMPUTE MATTERS

The AI infrastructure landscape has grown exponentially as the race to artificial superintelligence heats up, with major players investing billions in specialized data centers. Though centralized training is more efficient, decentralized compute networks are well-positioned to serve three key market segments: training of smaller specialized models, fine-tuning existing models, and inference workloads requiring distribution and redundancy. Going forward, permissionless alternatives may become essential infrastructure for ensuring open access to AI capabilities as the technology becomes increasingly fundamental to society.

FLUID: THE NEXT ZERO-TO-ONE INNOVATION IN DEFI

By combining smart collateral, which allows users to earn lending interest and trading fees on deposited assets, and smart debt, which transforms borrowed assets into productive liquidity, Fluid has become a legitimate competitor to blue-chip DeFi protocols. It is able to achieve unprecedented capital efficiency on its DEX, generating up to $39 in liquidity for every $1 deposited, while offering high loan-to-value ratios of 95%. Fluid has rapidly grown to be a top-5 DEX on Ethereum by volume with organic yields up to 51% APY without incentives.

DEEP DIVING INTO BASE STABLECOIN VOLUMES

Base's daily stablecoin transfer volume has skyrocketed to $15B, driven largely by sophisticated market-making strategies on the Aerodrome DEX, with some addresses generating billions in daily transfer volume through advanced liquidity management and leverage techniques. This activity boosts liquidity and reduces slippage for traders, signaling growth across Base's stablecoin ecosystem and driving broader adoption beyond isolated DEX activity.

EXPLAINING THE PANTERA BITCOIN FUND

In 2013, Pantera CEO Dan Morehead launched the Bitcoin Fund based on the belief that Bitcoin's price was poised for significant long-term growth, acquiring 2% of the global supply. He remains similarly optimistic today about its future returns.

TETHER DISCONTINUES SUPPORT FOR EURO-PEGGED STABLECOIN EURT

Tether has announced it will discontinue support for its euro-pegged stablecoin EURt, citing evolving European regulatory frameworks like MiCA.

CRYPTO ENTERING ITS CONVENIENCE ERA

The crypto industry is entering a convenience-driven phase where successful apps must offer native mobile access via app stores, seamless wallet creation during sign-in, and diverse funding options like Apple Pay, Coinbase, and credit cards.

LOOKING FOR GOOD TRADES

Identify good trades by focusing on novelty, trade type, catalysts, risk/reward management, holder distribution, relative strength, and leveraging tools and smart followers.

BITWISE FILES FOR 10-CRYPTO ETF WITH SEC

Bitwise has filed a 10-crypto index ETF with the SEC, including assets like Bitcoin, Ethereum, Solana, Uniswap and Avalanche.

FIFTH CIRCUIT RULES OFAC OVERSTEPPED IN SANCTIONING TORNADO CASH'S IMMUTABLE SMART CONTRACTS

The U.S. Fifth Circuit Court has ruled that the Treasury Department exceeded its authority by sanctioning Tornado Cash's immutable smart contracts, determining that autonomous software lacking centralized control cannot be classified as sanctionable property under existing law. While marking a significant victory for privacy advocates and blockchain developers, the ruling specifically applies only to self-executing code without administrative control, leaving Tornado Cash's broader designation and blocked status intact. The case is returning to district court for further consideration under the new legal framework.

TRUMP EYES HANDING CFTC OVERSIGHT OF CRYPTO

President-elect Trump's administration is reportedly planning to shift crypto industry oversight to the CFTC, potentially reducing the SEC's regulatory control over digital assets deemed commodities and crypto exchanges. The CFTC has a significantly smaller workforce and budget and is viewed favorably by the industry for its more measured regulatory approach. Leadership changes in the SEC, including Chair Gary Gensler's resignation and Commissioner Jaime Lizárraga's departure, coincide with the upcoming regulatory restructuring

AVALANCHE BLOCKCHAIN'S LARGEST-EVER UPGRADE GOES LIVE ON TESTNET

Avalanche has launched Avalanche9000, its largest upgrade, making it easier to build apps and custom blockchains ("subnets") on the platform. Avalanche900 was launched on the testnet to reduce transaction and validator costs. Its key features include cheaper permissionless validators and lower fees. Avalanche has launched a $40 million grants program to incentivize developers to experiment and create.

INTRODUCING EIGENGOV: PART 1

EigenLayer has introduced EigenGov, a novel governance platform designed to coordinate ecosystem participants through a network of specialized councils with specific authorities over protocol decisions. Its structure has councils making primary decisions while EIGEN tokenholders retain veto power and endorsement capabilities, inverting traditional DAO models where tokenholders delegate power to representatives. The platform will have a “Core” branch for production and a “Vision” branch for experimental features.