Industry Concerns Regarding Layer-1 (L1) Tokens - The industry questions the long-term value of holding L1 tokens due to a perceived lack of a strong competitive advantage [1] - The core issue is that L1s lack a significant "moat," making it easy for users to bridge assets and developers to migrate [1] - New chains are easy to launch, resulting in lower switching costs compared to services like AWS [1] Potential Strategies for Chains - Chains should consider vertically integrating the application layer, as exemplified by Solana, Base, and Hyperliquid [1] - Alternatively, chains could focus on the application layer instead of infrastructure to capture exponential value [1]

A major fire recently broke out in Tai Po, Hong Kong, causing significant losses. Binance, HashKey Group and Avenir Group announced a donation of HK$10 million each in emergency relief to support relief and reconstruction efforts. KuCoin also donated HK$2 million. https://t.co/pI09LyJPf7 ...

Multiple high-inflation countries are accelerating the use of crypto assets as an alternative store of value. Chainalysis data shows that from July 2024 to June 2025, Turkey recorded $200 billion in crypto transaction volume (local inflation around 32%), Argentina $93.9 billion (inflation around 31%), Nigeria $92.1 billion (inflation around 16%), Venezuela $44.6 billion (inflation over 170%), and Bolivia $14.8 billion (inflation around 22%). https://t.co/xSblFPz1Xu ...

Market Liquidity - Crypto market has been "limping" since October 10 due to large liquidations [1] - Market makers' balance sheets were severely damaged, weakening liquidity [1] - Market makers function as the "central banks" of the crypto ecosystem [1] - Shrinking market maker balance sheets trigger a multi-week deleveraging cycle [1] - Bitcoin and Ethereum react to risk earlier than equities under fragile liquidity conditions, becoming leading indicators [1]

Hyperliquid Activates Cross-Margin Auto-Deleveraging for the First Time: What Are HLP and ADL?If a player loses all their chips, they must be removed from the table. But if no one wants to take over that seat, the HLP vault acts like the casino owner’s backup player, stepping in with its own money to keep the game running. ADL is a crisis-only mechanism, designed to protect solvency in extreme market conditions. Read more: https://t.co/fsenangXwQ ...

Financial Loss & Frozen Funds - Upbit's Solana-related loss has been revised to 445 亿 KRW (approximately $3043万)[1] - Solana funds frozen amount to approximately 23 亿 KRW (approximately $157万)[1] Regulatory Oversight - South Korea's Financial Supervisory Service, through its Virtual Asset Supervision Bureau, has initiated an immediate on-site inspection of Upbit, expected to last until next Friday [1]

Aster CEO Leonard on Working with CZ and Building TrustOn November 11, Aster CEO Leonard said on the Wu Blockchain Podcast that his trust and partnership with CZ began during their time working together at Binance, where he found CZ to be highly rational and hands-on. Now, with CZ as a major shareholder through YZi Labs investment, they collaborate closely as Aster integrates into the BNB ecosystem. Leonard added that he sees CZ as a key mentor whose experience with BNB provides invaluable guidance, especia ...

Due to the suspension of deposits and withdrawals following a hack incident, Solana‑related tokens on South Korea’s largest exchange Upbit have surged sharply, showing a significant premium compared with other major markets. For example, ORCA rose to 3,410 KRW (about $2.33), representing a premium of over 25%. ...

Binance has announced the 59th project on its HODLer Airdrops page: APRO (AT), an on-chain data oracle protocol. Binance will list AT at 14:00 on November 27 (UTC), opening spot trading for AT/USDT, AT/USDC, AT/BNB, and AT/TRY trading pairs. APRO has a total token supply of 1 billion AT, of which 20 million AT (2%) will be distributed via the HODLer Airdrop. https://t.co/SH5XlfhqcF ...

Data from https://t.co/GIFunPE4yP shows that Ethereum’s gas limit increased from 45M to 60M on November 25. Gas limit changes require approval from more than half of validators; once support exceeds 50%, the adjustment is applied automatically without a hard fork. @nate13 noted that developers are now able to push more aggressive L1 scaling due to three converging improvements: EIP-7623 provides block size safeguards at the protocol layer, client optimizations can handle higher gas demand, and testnets have ...