Market Trends & Cryptocurrency Performance - Crypto majors experience selloff, reversing prior gains; Bitcoin (BTC) down 6% at $85,800 [1] - Ethereum (ETH) down 6% at $2,820; Binance Coin (BNB) down 7% at $822; Solana (SOL) down 7% at $127 [1] - Over $650 million was liquidated from the crypto market, with $580 million in long positions wiped out [1] - Zcash (ZEC) declines 20% to $355, down 35% on the week [1] - Memecoin leaders are down 5-10%; Dogecoin (DOGE) -9%, Shiba Inu (SHIB) -6%, Pepe (PEPE) -10%, Pengu (PENGU) -10%, Bonk (BONK) -10%, TRUMP -6%, SPX -11%, and FARTCOIN -11% [1] Regulatory & Corporate Developments - China's central bank reaffirms crypto's illegal status and signals further crackdown [1] - Tether founder defends against insolvency concerns [1] - Robinhood partners with Susquehanna to launch a new CFTC-licensed exchange [1] - Sony Bank plans to launch a US dollar-pegged stablecoin as early as 2026 [1] - MicroStrategy (MSTR) establishes a $1.4 billion dividend fund [1] Institutional Investment & ETF Flows - Bitcoin ETFs saw net inflows of $70 million last week, while Ethereum ETFs saw $312 million [1] - The cap on IBIT options was raised to 1 million contracts [1] Token Unlocks & Protocol Updates - Hyperliquid token unlocks begin, with 1.75 million tokens distributed across team members [1] - Jupiter shares that HumidiFi's WET token will be the first token on new DTF platform, launching December 3 [2]
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TylerD 🧙♂️·2025-12-01 13:26