The People's Bank of China held a coordination meeting, reaffirming that virtual assets lack the legal status of fiat currency, are not considered legal tender, and should not be used as currency in market transactions. Engaging in commercial activities involving these assets is classified as illegal financial activity. Stablecoins, a subset of virtual assets, currently face challenges in meeting KYC and AML requirements, raising concerns over money laundering, fundraising fraud, and illegal cross-border capital transfers.

The People's Bank of China convened a coordination meeting to reaffirm that virtual assets lack the legal status of fiat currency and are not recognized as legal tender. The central bank emphasized that virtual assets should not be used in market transactions and that conducting commercial activities involving these assets constitutes illegal financial activity. Stablecoins, a subset of virtual assets, face challenges in complying with KYC/AML regulations, raising concerns over potential risks including money laundering, fundraising fraud, and illicit cross-border capital flows.

LSK price surged more than 45% today amid large acquisitions beginning at 4:40 PM Moscow time. The asset emerged as one of the top performers in spot and futures trading on major centralized exchanges. By 6:06 PM Moscow time, LSK also ranked among the leaders in open interest increases on the Bybit platform.

LSK surged more than 45% today, with large purchases beginning at 4:40 PM Moscow time. The asset became one of the top performers in spot and futures trading across multiple centralized exchanges. By 6:06 PM Moscow time, LSK also ranked among the leaders in open interest growth on Bybit.

See the chart here

Coinbase Advances Market Position as Company Captures Investor Interest

Sahara experiences 50% decline in large transactions amid rapid sales surge on Binance Futures. The decline began at 18:16 Moscow time, with the token reaching the top sales position within four minutes at 18:20.
#Careport View Chart

Sahara Labs is conducting an internal review of recent market activity to understand the causes of fluctuations. The company has confirmed that there are no security concerns or issues related to its products.

📆 Key Events for the Upcoming Week

Monday, December 1:
Unlocks:
- Eigen Labs (#EIGEN): 2.20%, $22.61 million
- Sui (#SUI): 1.19%, $67.19 million

Update on Ontology: #ONT
Update on Axelar test network: #AXL
Migration of Planet IX ecosystem from Polygon to Base: #IXT
Launch of the AP Chain mainnet: #APD
Completion of the Fed's balance sheet reduction programs in the U.S.: Link
Introduction of Credit Information Law for virtual asset operators in South Korea: Link
Launch of Solana Economic Zone in Dubai
U.S. Chicago PMI (December): 17:45 Moscow time
S&P Global Manufacturing PMI (November): 17:45 Moscow time
ISM Manufacturing PMI (November): 18:00 Moscow time
ISM Manufacturing Prices (November): 18:00 Moscow time

Tuesday, December 2:
Unlocks:
- Ethena (#ENA): 0.63%, $26.44 million
Update on VeChain: #VET
Fork of Flare: #FLR
TokenPocket to move Kusama and Polkadot networks to Custom List and pause some on-chain services: #TPT
Launch of TokenStrategy platform by PunkStrategy: #PNKSTR
EU to implement sanctions against Russian bank foreign branches: Link
Powell's speech at 4:00 Moscow time
Redbook (YoY): 16:55 Moscow time
JOLTS Job Openings (September): 18:00 Moscow time

Wednesday, December 3:
Update on Ethereum Fusaka: #ETH Link
ADP Nonfarm Employment Change (November): 16:15 Moscow time
S&P Global Services PMI (November): 17:45 Moscow time
ISM Non-Manufacturing PMI (November): 18:00 Moscow time
ISM Non-Manufacturing Prices (November): 18:00 Moscow time
Crude Oil Inventories: 18:30 Moscow time

Thursday, December 4:
Launch of APDEX: #APD
Nockchain to launch Base bridge: #NOCK
Initial Jobless Claims in the U.S.: 16:30 Moscow time

Friday, December 5:
Unlocks:
- XION (#XION): 7.64%, $7.09 million
Core PCE Price Index in the U.S.: 18:00 Moscow time

Saturday, December 6:
BNB hard fork of opBNB: Link

Sunday, December 7:
Beldex hard fork of Obscura: #BDX
Completion of Solana Economic Zone in Dubai

BlackRock’s head of Bitcoin division has indicated that the Bitcoin ETF remains its chief revenue generator.

BlackRock's head of Bitcoin has identified the Bitcoin ETF as its main revenue driver.

Seilor hints that Strategy purchased BTC this week, according to a recent tweet.

Pavel Durov announces that TON’s decentralized privacy computing network, Cocoon, is now operational. The platform has successfully processed initial AI requests while maintaining complete confidentiality. GPU owners are already generating revenue from TON.

November saw the highest fundraising from token sales in the past two years, totaling $14.47 billion.

November saw the highest fundraising from token sales in the past two years, amassing a total of $14.47 billion.

Coinglass: Coinbase Bitcoin Premium Index Turns Positive After Nearly a Month in Negative Territory. A positive reading indicates increased U.S. investor activity and higher demand for Bitcoin ETFs relative to global markets.

Coinglass reports that the Coinbase Bitcoin Premium Index has turned positive after nearly a month in negative territory. A positive reading indicates increased buying interest from U.S. investors, including demand for ETFs, compared to global markets.

Weekend Summary and Tomorrow's Events - https://t.me/bingx1/2147483647

Gold reaches new all-time high of $4,250 per ounce.

During the week of November 24 to 28, spot Bitcoin ETFs experienced approximately $70 million in net inflows, while spot Ether ETFs attracted approximately $312 million.

During the week of November 24 to 28, the total net inflow for spot Bitcoin ETFs was approximately $70 million, while spot Ethereum ETFs experienced a net inflow of around $312 million.

Yearn Finance experiences security breach, loses approximately 1,000 ETH valued at $2.9 million. - The Block