November 30th, BitMEX co-founder Arthur Hayes posted a message stating that the Tether team is in the early stages of conducting a large-scale carry trade. My interpretation of the Tether reserve audit report is that they believe the Fed will cut interest rates, which will severely impact their interest income. In response, Tether is buying gold and BTC; in theory, when the currency price (interest rate) falls, these assets should skyrocket. The "gold + BTC position" dropping by about 30% would wipe out their equity capital, and then USDT would theoretically be insolvent. I believe some large holders and trading platforms will request real-time access to Tether's balance sheet to assess counterparty risk.Get your popcorn ready; mainstream media is expected to hype this up, especially those editors suffering from "Trump Derangement Syndrome" (TDS), who want to seize the opportunity to attack Lutnick and Cantor, the main supporters of this stablecoin. Mentioned are "Commerce Secretary Howard Lutnick and his financial services company Cantor Fitzgerald, the main backers and partners of Tether".

November 30th, Sahara AI officials stated that they have noticed unusual price fluctuations of the SAHARA token and have initiated an internal investigation. Currently, there are no security risks or product-related issues on the Sahara platform, and further updates will be provided in due course.According to HTX market data, yesterday evening SAHARA experienced a sharp 50% drop to $0.03468, with its market cap halved to $106 million, and has since slightly rebounded to $0.044.

November 30th. This week, due to the Thanksgiving holiday in the United States, market trading volume has been consistently low, which is a typical feature of Thanksgiving trading. However, due to a data center outage at the CME Group on Friday, the spot prices of gold and silver experienced significant volatility. After the futures prices recovered, they continued to rise, with the price of gold surging nearly $150 this week, returning to above $4200. On the data front, U.S. September PPI and retail sales data performed poorly, and the weekly private sector employment data released by ADP was also quite weak.On Tuesday at 9:00 AM, Federal Reserve Chair Powell gave a speech at a commemorative event;On Tuesday at 11:00 PM, Federal Reserve Board Governor Bowman made a statement to the House Committee.On Wednesday at 9:15 PM, U.S. November ADP Employment Numbers;On Wednesday at 9:30 PM, U.S. September Import Price Index MoM;On Wednesday at 10:15 PM, U.S. September Industrial Production MoM;On Wednesday at 10:45 PM, U.S. November final S&P Global Services PMI;On Wednesday at 11:00 PM, U.S. November ISM Non-Manufacturing PMI;On Thursday at 9:30 PM, U.S. Initial Jobless Claims for the week ending November 29th;On Friday at 11:00 PM, U.S. December 1-year Inflation Rate Expectation preliminary value, December University of Michigan Consumer Confidence Index preliminary value, September Core PCE Price Index YoY, September Personal Spending MoM, September Core PCE Price Index MoM.If service sector activity in November shows healthy growth again, it will support the hawks within the Federal Reserve internally, and if it suddenly falls to 50.0 or lower, it will support immediate rate cut justifications. Equally important is the ADP employment report next Wednesday. The official November non-farm payroll report will not be released until December 16th, and with the October report canceled, the ADP private employment survey will provide a crucial update on the labor market.

November 29, according to Coinglass data, the entire network liquidated $159 million in the past 24 hours, with long liquidations totaling $121 million and short liquidations totaling $38.1523 million.In the past 24 hours, a total of 84,258 people were liquidated globally, with the largest single liquidation occurring on OKX - BTC-USDT-SWAP amounting to $2.3577 million.

November 29th, according to Cointelegraph, after experiencing several weeks of intense selling pressure, Bitcoin may be forming a short-term bottom. A market analyst believes that the market conditions are in place to drive Bitcoin towards a rebound to the $100,000-$110,000 range.Trader Mister Crypto stated that Bitcoin's short-term structure is showing signs of stabilization, following what he called a "surrender sell-off." He pointed out that indicators related to trader behavior show that as market sentiment plunged into extreme fear territory, large players have begun to open new long positions, a combination that historically indicates a rebound during a downturn. One of the key technical signals he referenced is the Relative Strength Index (RSI) on the Bitcoin weekly chart, which is currently approaching the 30 level. He said: "We are seeing Bitcoin's bottom right here. RSI is close to 30. Boom (bottom)."The analyst noted that in the past few cycles, this area has often aligned closely with the market bottom. While he cautioned that this does not guarantee the start of a new bull market, it usually signals at least a temporary reversal. Another factor supporting the rebound view is the current distance between Bitcoin and the 50-week moving average (around $102,000). According to analysis, in past cycles, Bitcoin has often retraced to this level after falling below this average. The current expectation is that Bitcoin may experience a rebound to bring the price back to the five-figure range before a deeper trend may emerge in the future.The macro environment has also added to the short-term optimism. He noted that the market expects quantitative tightening (QT) to potentially end soon, and there is speculation that there may be another rate cut at the upcoming monetary policy meeting. These two developments often relax the financial environment, which is positive for risk assets like Bitcoin.

November 29th, according to Coinglass data, if Ethereum breaks through $3100, the cumulative short liquidation intensity of mainstream CEXs will reach $905 million.Conversely, if Ethereum falls below $2900, the cumulative long liquidation intensity of mainstream CEXs will reach $674 million.BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the intensity.Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price, when reached, will generate a stronger reaction due to a liquidity surge.

November 29th. On the night of November 27th to the early morning of the 28th local time, a critical data center used by the CME Group in the United States experienced a more than 10-hour service interruption due to overheating. It is reported that this critical data center is located in Aurora, a western suburb of Chicago. After a cooling equipment failure, the temperature in the data center rose to nearly 49 degrees Celsius, exceeding the industry's maximum temperature threshold of about 48%, resulting in the service disruption.It is currently unclear why CME Group did not activate its backup data center in the New York area. Some insiders speculate that the reason may be that large traders quoted by CME Group have insufficient technical infrastructure at the backup data center and therefore prefer to wait for the Aurora facility to be restored. (Jinse Finance)

November 29th, according to Coinglass data, in the past 24 hours, the total net inflow of BTC on CEXs was 22,781.88 BTC, with the top three CEXs by inflow volume as follows:· Kraken with a net inflow of 11,056.56 BTC;· Bitfinex with a net inflow of 3,890.00 BTC;· OKX with a net inflow of 2,403.16 BTC.Additionally, Gate had a net outflow of 7.16 BTC, ranking first in the outflow list.

November 29, Co-founder of Alliance DAO, QwQiao, wrote, "I don't think L1 tokens are necessarily a bad investment. Of course, I won't short them either. It's just that I can't convince myself that they are a particularly good investment.In a universe with thousands of optional assets, you can always find a small group of high-quality assets rated 9/10 to hold. So why bother with 7/10 assets?I can sleep more soundly because every asset I hold has a strong moat, is in an exponentially growing track, and is reasonably valued."Yesterday, QwQiao stated that it's difficult to convince oneself to hold L1 tokens long-term because there is no "moat."

November 29th, according to Coinglass data, if Bitcoin breaks through $92,000, the cumulative short liquidation intensity of mainstream CEX will reach 557 million.On the contrary, if Bitcoin falls below $89,000, the cumulative long liquidation intensity of mainstream CEX will reach 838 million.BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to adjacent liquidation clusters, that is, the intensity.Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price will experience a stronger reaction due to a liquidity tsunami when it reaches that level.