A certain Address deposited 5000 coins ETH Flap to assist with fire rescue in Hong Kong.

Headline

▌A certain address deposited 5000 ETH to Binance, with a total deposit of over 13,400 ETH in the past two weeks

According to on-chain analyst Ai Yi's monitoring, an address that had low-priced accumulation of WBTC four years ago and took profits at a high this year deposited 5000 ETH to Binance 10 hours ago, worth approximately 15.36 million USD. The address has deposited a total of 13,403.28 ETH to the exchange in the past 2 weeks, with a total value of 41.06 million USD. Currently, the address still holds 15,000 ETH and has interactions with addresses associated with GalaxyDigital, but it is currently unable to confirm the ownership of the wallet.

▌Flap platform Meme token tax mechanism supports Animoca Hong Kong Fire Relief Fund, with cumulative donations exceeding 76 BNB

Recently on the Flap platform, a community-driven Meme token ($Hong Kong Charity Fund) has donated over 76 BNB (approximately $67,000) to the Hong Kong Rescue Fund initiated by Animoca through its transaction tax mechanism, achieving this donation in less than a day. According to on-chain data, the tax fees generated from the trading of this Meme token are donated to the Animoca charity address through executing the contract (address 0xE789548A54E8420DAa8977d27CD43fB6CEdE5D16). The on-chain transaction hash and data list can be queried on the Dune platform. This case demonstrates a new model of spontaneous public welfare donations by the crypto community through the tax mechanism of smart contracts.

Market

As of the time of writing, according to data from CoinGecko:

The price of BTC is $91,378.23, with a 24-hour change of +1.1%;

The price of ETH is $3,016.45, with a 24-hour change of -0.2%;

The price of BNB is $895.92, with a 24-hour change of +0.6%;

The price of SOL is $140.83, with a 24-hour change of -1.3%;

The price of DOGE is $0.1527, with a 24-hour change of -1.3%;

The price of XRP is $2.20, with a 24-hour change of -0.9%;

The TRX price is $0.2802, with a 24-hour change of +1.4%;

The price of WLFI is $0.163, with a 24-hour change of -1.4%;

The price of HYPE is $34.82, with a 24-hour change of -2.8%.

Policy

▌Trump: Revoke all documents signed by former President Biden through the automatic signing device

President Trump: All documents signed by “Sleepy Joe Biden” using the automatic signature device (which accounts for about 92% of his signed documents) are hereby nullified and rendered permanently ineffective. The automatic signature device may not be used without special approval from the President of the United States. Radical leftists surrounding the “Resolute Desk” in the Oval Office have stripped Biden of his presidential powers. I hereby revoke all executive orders and other documents not personally signed by Biden, due to the operator of the automatic signature device being suspected of illegal operation. Joe Biden did not participate in the automatic signature process; if he claims otherwise, he will face perjury charges. Please be advised!

****▌The UK will strictly investigate the taxation of crypto assets, and exchanges must report all user data starting in 2026

The UK tax authority (HMRC) has issued new regulations stating that, from January 1, 2026, all cryptocurrency exchanges operating in the UK must collect and retain complete transaction records of their users, and report this information in full to HMRC by 2027, for the purpose of cross-referencing tax information and combating tax evasion related to crypto assets. UK tax experts warn that crypto users need to organize their tax situations by the end of 2026 to avoid potential penalties.

Blockchain Applications

▌U.S. Bank is testing the issuance of a custom stablecoin on the Stellar network

According to Crowdfundinside, U.S. Bank, PwC, and the Stellar Development Foundation (SDF) announced that U.S. Bank is testing the issuance of a customized stablecoin on the Stellar network.

****▌São Paulo, Brazil will pilot blockchain-based microloans for small rural producers

Brazilian fintech company Tanssi is launching a government-supported blockchain project that provides microloans to small rural producers in São Paulo through a mobile application and physical payment machines. The project uses the blockchain infrastructure built by Tanssi, which enables predictable transaction fees and reliability, rather than relying on public blockchains like Ethereum or Solana, and is expected to launch next month.

Cryptocurrency

▌Peter Schiff: Wall Street is still chasing cryptocurrencies, while the real bull market is sweeping in

Gold advocate and economist Peter Schiff stated that silver prices have just surpassed $56, reaching a new historical high. Gold prices have soared to $4220. Mining stocks are skyrocketing while Bitcoin is on the decline. Wall Street is still chasing cryptocurrencies, while the real bull market is sweeping in.

****▌BlackRock's address received 16,629 ETH and 300 BTC in the last 10 minutes

According to Onchain Lens monitoring, BlackRock received 300 BTC worth 27.51 million USD and 16,629 ETH worth 50.64 million USD from Coinbase in the past 10 minutes. In the past three days, they received 4,044 BTC worth 354 million dollars and 80,121 ETH worth 235 million dollars.

****▌Arthur Hayes insists that Bitcoin will reach $250,000 by the end of the year

Former BitMEX co-founder and ex-CEO Arthur Hayes continues to predict that Bitcoin (BTC) will rise to $250,000 by the end of the year, an increase of about 170%. Hayes believes that Bitcoin has bottomed out, with last week's drop to $80,600 being the bottom, and it has currently rebounded by about 12%. Hayes pointed out that the liquidity tightening cycle in the United States is nearing its end, with the Federal Reserve having cut interest rates by 25 basis points in October. The market expects that quantitative tightening (QT) will end as early as early December, with an 87% probability of further rate cuts on December 10. Additionally, the reset effect brought by the leverage liquidation in the crypto market on October 11 will provide upward momentum for Bitcoin. Although he acknowledges that predictions may deviate, he remains optimistic and maintains a long-term positive outlook.

Important Economic Dynamics

▌S&P Dow Jones Indices: All affected indices have resumed operations

S&P Dow Jones Indices has announced that all impacted indices are now back in operation.

****▌The Federal Reserve's overnight reverse repurchase agreement (RRP) usage on Friday was $7.561 billion

The Federal Reserve's overnight reverse repurchase agreement (RRP) usage on Friday was $7.561 billion, compared to $2.217 billion on the previous trading day.

****▌Goldman Sachs traders say that as we enter December, the landscape of the US stock market has become clearer

Goldman Sachs' trading division stated that although the S&P 500 index may close essentially flat in November, the path ahead has become significantly clearer with the decline in volatility, improvement in market breadth, and a shift to a buying trend-following strategy. Several indicators show that as we enter December, the market is stabilizing. Lee Coppersmith of Goldman Sachs wrote in a report to clients that the five-day moving average of the number of S&P index constituents that rose minus those that fell had dropped to -150 earlier this month, indicating that “there was quite serious damage beneath the surface.” However, just before Thanksgiving, this indicator rebounded back to around +150. “This is a huge change—there is broader participation now, not just a narrow squeeze, and it further indicates that the market released quite a bit of pressure in mid-month,” he added. Goldman Sachs' volatility panic index conveys a similar message. This index is currently around 5, slightly above the average level of the past three years, and well below the peak seen at the beginning of November. The so-called systemic strategy position has also been reset. Goldman Sachs traders estimate that the selling related to the S&P 500 index over the past month has amounted to approximately $16 billion, stating that these trades have driven the previous decline in the stock market. After this round of de-risking has basically been digested by the market, the bank has turned its baseline expectation for next month to net buying, with a scale of about $4.7 billion. “This means that compared to a few weeks ago, we enter December with a cleaner starting point,” Coppersmith wrote.

▌U.S. stocks closed three hours early due to the Thanksgiving holiday, with the three major indices rising collectively for the fifth consecutive trading day

U.S. stocks closed 3 hours early due to the Thanksgiving holiday, with all three major indices rising for the fifth consecutive trading day: the Nasdaq rose by 0.65%, the Dow Jones by 0.61%, and the S&P 500 by 0.54%. The Nasdaq has risen a total of 4.91% this week, the Dow Jones by 3.18%, and the S&P 500 by 3.73%. Most technology stocks saw gains, with Intel closing up 10%, marking the largest single-day increase since September 18; Meta rose over 2%, and AMD, Amazon, Netflix, and Microsoft all rose over 1%.

▌ECB President: Interest rates are at an appropriate level

European Central Bank President Christine Lagarde stated that the current interest rate level is appropriate and that the ECB is fully prepared with its policies. “In my view, the interest rate levels set in previous meetings are appropriate,” Lagarde said in an interview. “Given that the inflation cycle has been brought under control, we are always in a favorable position.” When discussing the risks to the inflation outlook, she noted that the range of risks has narrowed, but if the U.S. imposes new tariffs or if supply chains are disrupted again, prices could face upward pressure once more.

Golden Encyclopedia

▌Can general artificial intelligence really think like humans?

As the boundaries between humans and machines become blurred, we see the emergence of General Artificial Intelligence (AGI). Unlike Narrow Artificial Intelligence (ANI) (which utilizes AI to solve specific problems), AGI refers to artificial intelligence that is capable of understanding, learning, and applying knowledge in ways that are indistinguishable from human cognition. AGI is still in the theoretical stage, but the prospect of AI fully replacing human input and judgment has naturally attracted widespread attention, with researchers, technologists, and scholars striving to turn the concept of AGI into reality. Although AGI remains theoretical, its immense potential makes it the stuff of science fiction. While existing models (such as ChatGPT) are continuously evolving and improving, the journey to realize AGI still faces significant technical challenges.

Can general artificial intelligence think like humans? This question delves into the core of human cognition. The characteristics of human thought include consciousness, emotional depth, creativity, and subjectivity. While general artificial intelligence can simulate certain aspects of human thinking, replicating the full range of human cognition is a daunting challenge. The litmus test for general artificial intelligence lies in its ability to comprehensively replicate human experiences. Once achieved, its potential benefits will be immense, impacting various industries and influencing every aspect of daily life. Despite its limitations, general artificial intelligence is increasingly seen as a positive force across different sectors.

General Artificial Intelligence (AGI) can create computers as smart as humans, fundamentally changing fields such as cryptocurrency trading or market analysis. However, AGI needs trust and fairness to benefit everyone. The technology behind Bitcoin and Ethereum—blockchain—provides a secure and transparent way to achieve this. However, persistent challenges such as the slow speed of blockchain, latency in crypto transactions, and limited storage capacity may make it difficult for General Artificial Intelligence (AGI) to process data quickly or handle large datasets. To prepare blockchain for General Artificial Intelligence (AGI), researchers are exploring: off-chain storage, sharding and danksharding, and data pruning.

General Artificial Intelligence represents the pinnacle of AI development, with the potential to achieve capabilities comparable to human intelligence. Although General Artificial Intelligence (AGI) can simulate certain aspects of human thinking, achieving truly human-like cognition remains a distant goal. Consciousness, emotional depth, and creativity are intrinsic attributes of human experience, posing significant challenges for General Artificial Intelligence. Nevertheless, the pursuit of General Artificial Intelligence continues to drive innovation and reshape our understanding of intelligence.