🐳 Over the past 2 hours, 3 whales have taken bullish positions on Hyperliquid:
- 0x0ddf: 3x long on 311.9 $BTC ($27.14M) and 2x long on 5,176 $ETH ($15.15M);
- 0x2c26: 20x long on 346 $BTC ($30.09M);
- 0x535e: 25x long on 7,000 $ETH ($20.49M).

🗣 #ETH Vitalik expects that Ethereum will increase the gas limit by 5x next year, and increase the cost of gas by 5x for operations that are relatively inefficient to process

💵 500 million #USDC minted at USDC Treasury. (1|2)

🆕 $IRYS listed on Binance futures. link

🔝 Top Perp DEXs by Volume Growth in the last 30 Days

Top decentralized perpetuals like Hibachi and Polynomial are seeing explosive growth, reflecting a surge in onchain derivatives trading. #STRIKE #SLP #SUDO

🇺🇸📈 #macro The White House projects that tax refunds in 2026 will be the largest in history.

Historically a bullish factor for risky assets, including crypto

💰🙋‍♂️ DDC Enterprise has acquired an additional 100 #BTC to enhance its balance.

🔄🤔 #POL #MATIC Co-founder of Polygon, Sandeep Nailwal, is contemplating reverting to the original ticker MATIC instead of POL in response to community feedback.

🚀 #AVAIL has launched its Nexus mainnet, aiming to create unified liquidity across various blockchains.

🐳 #BTC Glassnode: Whales on Hyperliquid turned net-long as price fell from $90K into the low-$80K range, marking the longest sustained long positioning in months. That move has since unwound, with exposure rotating modestly net-short, reflecting shallow conviction.

📉 Tether's #USDT stability score has been downgraded to a 'weak' level, as S&P Global Ratings indicates that the company's reserves may not be sufficient to withstand a significant drop in #BTC's value. link

🇺🇸👀 Crypto #ETF Flows Today:
Bitcoin ETFs:
1D NetFlow: +1,915 $BTC (+$165.78M)
7D NetFlow: -5,368 $BTC (-$464.82M)

Ethereum ETFs:
1D NetFlow: +33,185 $ETH (+$96.57M)
7D NetFlow: -415 $ETH (-$1.21M)

Solana ETFs:
1D NetFlow: +318,222 $SOL (+$43.28M)

🕵️‍♂️ BlackRock received 953 #BTC ($83.43M) and 15,722 #ETH ($46.24M) from Coinbase Prime in the last 20 minutes. link

📉 #BTC exchange inflows are increasing as the price falls to approximately 87K, a seven-month low. Large deposits (100+ BTC) now account for 45% of all inflows, totaling 7K BTC on November 21, indicating that large holders are increasingly transferring BTC to exchanges, which supports the current downtrend. link

💸 DWF Labs is launching a new $75 million investment fund. This initiative will focus on projects based on Ethereum, BNB Chain, Solana and Base. theblock

🗽📈 #BTC #ETF Nasdaq is set to raise position limits on Bitcoin ETF options, reflecting Wall Street's growing demand for Bitcoin.

🧑‍💻 Top 10 DeFi projects by development since last month. #LINK #DEEP #DFI

💰⛏️ Hive, a #BTC mining company, has initiated the potential sale of $300 million in stock following a record quarter. link

🇪🇺🙋‍♂️ #AVAX Securitize have received full EU regulatory approval and selected Avalanche to deploy a European trade settlement system.

📊👀 #BTC #USDT Glassnode: Revisiting this cycle’s USDT netflow to exchanges, we find a strong negative correlation with BTC’s mid-term performance.

During euphoric phases, USDT typically flows out at –$100M to –$200M/day as investors lock in profits.

At the $126K peak, net outflows reached >$220M (30D-SMA); A clear profit-taking signal now easing as flows turn positive again.

🇺🇸👀 #macro The Federal Reserve’s latest Beige Book indicates that overall economic activity remains stable, although some Districts report slight softening. Consumer spending continues to decline, employment has edged down, and reduced hiring needs in certain roles are attributed to AI, while wages have risen modestly. Prices have increased slightly, and both manufacturers and retailers are experiencing cost pressures related to tariffs. link