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Large-scale financing, RLUSD surpassing 1 billion, and a partnership with Mastercard—these three developments have created a positive feedback loop and may signal Ripple's transformation from the concept of a “blockchain-based SWIFT” to a revenue-driven global settlement infrastructure.
Stream Finance Implosion and Systemic Crisis
The market may have entered a mild bear market.
Bitcoin has fallen below the short-term holders’ cost basis ($112,500) to around $100,000, indicating weakened demand and the end of the bull market. The market is now in a mild bear phase, with long-term holders continuing to reduce their positions, institutional capital outflows, deleveraging in the derivatives market, and a defensive stance prevailing in the options market. Summary generated by Mars AI. This summary is produced by the Mars AI model and its accuracy and completeness are still being iteratively improved.
- 09:26The Bitcoin premium index on a certain exchange has been negative for three consecutive weeks, indicating significant selling pressure in the US market.According to ChainCatcher, citing CryptoQuant data, the bitcoin premium index on a certain exchange has remained negative for three consecutive weeks since turning from positive to negative on October 31. The premium index is positive when the bitcoin price on the exchange is higher than the global average, and negative otherwise. The current trend indicates significant selling pressure in the US market and a decline in investors' risk appetite.
- 09:05CryptoQuant CEO: It is too early to assert that the confidence of US institutional investors has fully recoveredChainCatcher news, CryptoQuant founder and CEO Ki Young Ju stated, "It is still too early to assert that the confidence of U.S. institutional investors has fully recovered, as the hourly bitcoin premium on a certain exchange remains negative."
- 08:59Aerodrome: Investigating Front-End Breach, All Smart Contracts Remain SecureOn November 22, it was reported that the Base-based DEX Aerodrome officially stated that it is actively investigating a front-end breach. Users are reminded that the domains .finance and .box are still affected and should not be used for now. All smart contracts remain secure at present. Two decentralized mirrors can still be accessed safely, and further updates will be provided as the investigation progresses.