November 30th, according to Crowdfundinsider, the Wyoming Stablecoin Committee has launched the stablecoin Frontier Stable Token (FRNT) testnet faucet. Anyone with a digital wallet can now connect to their website and request up to 1000 "tFRNT" tokens to their public address every 24 hours.

November 30th, Arthur Hayes engaged in a war of words with Monad co-founder Keone Hon over "Monad as a high FDV low circulating supply VC coin." In response to Keone Hon inviting Arthur Hayes to experience the Monad mainnet, Arthur Hayes once again responded, stating, "Unlock all tokens now, and you'll be very different from all the so-called Ethereum killers before. I bet you will definitely succeed."Previously, Arthur Hayes stated in an interview that Monad (MON) is "another high FDV (Fully Diluted Valuation), low circulating supply VC coin." This token structure itself poses a huge risk to retail investors, potentially facing a 99% crash. Early pumps usually occur, followed by a brutal sell-off after the token unlocks for insiders. It will become another "bear chain." Arthur Hayes believes that most new Layer-1 networks will eventually fail, with only a very few surviving in the long term.

November 30th, Nasdaq's Head of Digital Assets Strategy, Matt Savarese, stated that they consider the SEC approval of their tokenized stock plan a top priority and will "move it forward as quickly as possible." The team now needs to focus on evaluating public feedback. Nasdaq's goal is not to overturn the existing securities system but to enable everyone to participate in this journey and bring tokenization into the mainstream. Nasdaq hopes to advance all of this in a responsible and investor-centric manner within the SEC's regulatory framework.Previously, Nasdaq had formally submitted a rule change proposal to the SEC, seeking to allow regulated trading platforms to support tokenized stocks and ETF trading on its exchange. If approved, this proposal would make the U.S. mainstream securities exchange the first to legitimately offer on-chain securities trading alongside traditional stocks.

November 30th, according to CME's "FedWatch" data, the probability of a 25 basis point Fed rate cut in December is currently at 86.4%, with a 13.6% probability of the rates remaining unchanged. Since the unexpected drop in U.S. initial jobless claims on November 26th, the probability of a rate cut has remained high.The probability of the Fed holding rates steady until January 2026 is 10%, with a 67% probability of a cumulative 25 basis point rate cut, and a 23% probability of a cumulative 50 basis point rate cut.The next two FOMC meeting dates for the Fed are December 10th and January 28th, 2026.

November 30th, the dYdX community proposed a new initiative called the "Liquidation Rebates Pilot Program." Starting on December 1, 2025, a one-month pilot program will be launched to reward traders who have experienced a liquidation event with points and rebates, with rewards of up to $1 million.

November 30th, according to Tokenomist data, Hyperliquid's first token unlock was conducted on November 29th at 15:30 Beijing time, unlocking 9.92 million HYPE tokens worth $312 million, accounting for 2.66% of the circulating supply. According to market data, there was no significant price fluctuation after this unlock, with HYPE now trading at $34.4, a 1.43% decrease in the past 24 hours, and a 7.9% increase for the week.This unlock is the first since the TGE in November 2024. According to the official Medium article, core contributor tokens were locked for one year post-TGE, with the majority of vesting scheduled between 2027 and 2028.Arthur Hayes previously elaborated on the reasons for selling HYPE on September 22nd: Large-scale unlocks are the "Sword of Damocles"

November 30th, according to CoinDesk, payment company Truther announced a partnership with Visa to launch an "unhosted" USDT Visa card. The card allows users to directly spend USDT held in their own wallets — no need for preloading, and does not rely on any third-party custody. At the time of payment, Truther will instantly deduct the corresponding USDT from the user's self-hosted wallet for real-time settlement.Truther stated that its long-term plans include expanding services to countries such as Argentina, Mexico, Colombia, Russia, and integrating more local stablecoins into its self-hosted wallet.

November 30th, Monad co-founder Keone Hon responded to "Arthur Hayes Suggests Monad May Experience a 99% Crash" by saying, "I have a lot of respect for all that you have done for this industry. In the past few days, I have seen you mention Monad multiple times. While I believe some of your comments may have been taken out of context, I thought you might be interested in understanding what sets Monad apart and why it is not just 'another L1.' Monad has adopted a lot of innovation, and the team is highly motivated. The ecosystem is just getting started, but there is already a large group of young, extremely eager builders developing new applications. If you'd like to try out the network with some MON, please let me know, and I'd be happy to send you some. Once again, thank you for your significant contributions to the industry. See you on-chain!"Previously, Arthur Hayes stated in an interview that Monad (MON) is "another high FDV (Fully Diluted Valuation), low circulating supply VC coin." This token structure itself poses a significant risk to retail investors and may experience a 99% crash. Typically, there is an early pump followed by a brutal sell-off after the token unlock for insiders. It could become another "bear chain." Arthur Hayes believes that most new Layer-1 networks will ultimately fail, with only a few managing to survive long term.

November 30th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the "1011 Insider Whale" has closed their ETH short position and made a profit of $55,000, with a final liquidation price of $2,989.85.Yesterday afternoon, the "1011 Insider Whale" opened a new 5x ETH short position with a position size of $15 million ($5,000 ETH), entry price of $3,001.81, and liquidation price of $5,056.

November 30th, BitMEX co-founder Arthur Hayes stated in an interview that Monad (MON) is "yet another high FDV (Fully Diluted Valuation), low circulating supply VC coin." This token structure itself exposes retail investors to significant risk, potentially leading to a 99% crash. Typically, there will be an early pump, followed by a brutal sell-off after insiders' token unlocks. It will become another "bear chain."Arthur Hayes believes that most new Layer-1 networks will eventually fail, with only a few surviving in the long term. He listed protocols he believes will survive the next cycle: Bitcoin, Ethereum, Solana, and Zcash.