[Coin World] I just saw the news that Ethereum Devcon 8 is confirmed! It will be held in the fourth quarter of 2026, in Mumbai, India. The official announcement of the venue for this Devconnect is quite surprising, as Mumbai has not been a particularly hot topic in the Web3 community. However, it is understandable since India's activity in the blockchain developer community has indeed been on the rise in recent years.

The Fear and Greed Index in the crypto market has slightly risen to 13 today, which is an improvement compared to yesterday's 11, but overall it still remains in the extreme fear zone. It seems that market sentiment remains tense, and investors' anxiety has not eased much. This ongoing state of extreme fear often indicates that market confidence has yet to recover, and a cautious wait-and-see atmosphere may continue in the short term.

[Coin World] On-chain monitoring data shows that a certain compliance trading platform has just transferred 4,724 BTC to a brand new unknown Wallet Address. Based on the current price, this transfer is worth approximately $401.6 million. Such large-scale fund transfers usually attract market attention, and the specific use and underlying intentions remain to be further observed.

A major security incident occurred with PORT3 today, where hackers exploited a vulnerability in the bridge contract to mint 1 billion $PORT3 coins and frantically sold them, resulting in a big dump of 76% in coin price. The project party quickly withdrew liquidity, and multiple exchanges suspended deposits. In the end, the hacker burned the remaining 837.25 million coins.

On-chain data shows that nearly 2,900 BTC have been transferred from a mysterious Address to a new Address, worth approximately $247 million. Such large transactions typically indicate that Whales or institutions are adjusting their asset allocations, drawing significant market attention. The new Address has no historical records, and its specific use remains unclear.

[Coin World] Just detected an on-chain large transfer: 3,113 BTC has been transferred from a mysterious Address to another new Address, which is approximately 263 million USD at the current market price.
Both the sender and receiver are unknown wallets, and it is currently unclear whether they belong to an exchange, an institution, or an individual. Transfers of this magnitude typically attract market attention, but the specific intent behind it is still uncertain— it could be an internal asset reorganization, or it might be preparation for certain operations.
Large BTC transfers have always been an important signal for observing market sentiment and are worth continuing to track subsequent developments.

[Coin World] On-chain monitoring shows that large investors are on the move again - 2300 BTC has just been transferred, worth nearly 200 million USD. This large sum has moved from an unknown Address to another new Address, with the purpose of the transfer currently unclear. Such a level of capital flow often triggers market speculation, which could be due to exchange Hot Wallet adjustments or institutions reconfiguring their assets.

[Block Rhythm] Arkham has recently added a new monitoring target - the holdings address of the Bitcoin treasury company Nakamoto can now be tracked. I checked their wallet, and it currently holds 5398 BTC, which is roughly around 450 million USD at the current price. The movements of such large investors can now be monitored in real-time on-chain, providing an additional data source for those who want to study institutional behavior.

[Coin World] A certain DeFi project's wallet was hacked before its launch, and the team's emergency response was quite harsh: they directly destroyed 166 million tokens and compensated real users with an equivalent amount of coins according to the original holdings ratio. This operation cost 22.1 million USD, but it resulted in on-chain data that can be verified — at least showing their intention to make amends.
The token is now $0.1391, having recently risen by 16%. The technicals look decent, but there are troubles elsewhere: executives at Alt5 Sigma have been suspended, and legal disputes are ongoing. This situation has caused many to take a wait-and-see approach, as no one wants to step on a landmine.
Traders are focused on the $0.15 level. If it can hold and break through, there could be a wave of follow-up buying; if it gets stuck here or falls back, it indicates that confidence has not yet recovered.

On November 22, Chinese encryption analyst Banmuxia made a noteworthy judgment - the position of $80,500 is likely the recent price bottom for Bitcoin. He emphasized that the certainty of this judgment is significantly increasing. The data comes from quotes of a leading trading platform, and from a technical perspective, the support strength near this price level is indeed strengthening.

A leading compliance trading platform is migrating BTC and ETH from the old wallet system to the new system, with operations being open and transparent, and not affecting normal trading. Users should be vigilant against phishing messages and remain alert to ensure asset security.

This month, Bitcoin (BTC) has retraced by 25%, which is not solely due to technical factors, but rather significant pressure in the Spot market, outflows of ETF funds, and a decline in retail investor enthusiasm. The Gamma adjustments in the Options market have further intensified the selling pressure, leading to a worsening vicious cycle, with market sentiment remaining weak and short-term downside risks still present.

The pre-sale performance of Mutuum Finance is hot, with 95% of the MUTM Tokens sold out, raising 18.9 million USD, and more than 18,100 participants. The project adopts a dual-track lending model, innovatively combining the mtToken stake mechanism with decentralized stablecoin, the technical route is pragmatic and plans to launch the Testnet within the year.

[Coin World] The boss of an investment management company recently discussed a rather interesting topic - when will their team pull out of Bitcoin? The answer is quite straightforward: they will run as soon as they find that the fundamental logic of BTC has collapsed.
Currently, the two hottest concerns in the crypto space are: one is whether quantum computers will suddenly crack existing encryption algorithms one day, and the other is whether privacy protection is sufficient. Interestingly, some early players have already started to research privacy-focused coins like ZEC. Think about it, four years ago everyone was criticizing Bitcoin for being used for bad things, but now, due to the transparency of on-chain data, the demand for privacy has actually increased. This shift is quite thought-provoking - as technology advances, people's demand for anonymity has become even stronger.

A head of an asset management company stated that if the underlying logic of Bitcoin breaks down, they would decisively withdraw. Currently, the industry is focusing on encryption security and privacy protection, with some players turning to Zcash and other Privacy Coins. As the regulatory environment changes, the market's demand for privacy protection is increasing.

[Coin World] The CEO of CryptoQuant, Ki Young Ju, recently made an interesting observation: don't rush to say that US institutional investors have fully returned. His reasoning is quite straightforward— the hourly premium of Bitcoin on a certain compliance platform is still negative.
This signal is actually quite critical. A negative premium indicates that the enthusiasm for institutional capital inflow is not as high as we imagined. Market sentiment may still be in a wait-and-see phase, and the real large-scale entry of institutions may still take some time.

Recently, the price of Bitcoin (BTC) has fallen to its lowest level in months. Analysts have noticed on-chain signals, such as panic among short-term holders, active trading of dormant coins, and inflows of Whale funds, similar to the patterns seen before 2018, 2020, and 2023. The key is whether BTC can break through the range of $90,000 to $92,000; if it breaks through, it could end the panic selling, but there is still a risk of the market continuing to dip.

The performance of XRP shows a contradiction between the short-term and long-term trends. The weekly chart is close to the lower band of the Bollinger Bands, while the monthly chart is stabilizing at the middle band of $1.73. Historical data indicates that this configuration usually signals a phase of weakness, but not an outright collapse; it may just be a bottoming process. Market sentiment is tense, but the technical aspect provides some breathing space.

F2Pool co-founder Lao Wang has been operating frequently recently, currently holding USDC and USDT. Through on-chain records, he has reduced BTC, increased his holdings in ETH, and shifted towards stablecoins, reflecting his judgment on the market's future.