In the past month, Bitcoin has experienced intense fluctuations around $80,000 to $90,000 for most of the time, while altcoins have generally corrected by 15%-40%. However, this has actually provided whales with the most comfortable “private accumulation” window. According to real-time on-chain monitoring data from Santiment and others, whales are quietly building positions in the following sectors, with accumulation intensity for some coins even reaching new highs in 2025.
1. Payments/Cross-border Settlement Sector: XRP Becomes Whales’ Favorite
With the settlement between the SEC and Ripple finalized, the XRP ETF has also moved from expectation to reality, further stimulating accumulation behavior among whales. Over the past 30 days, XRP has seen the most dramatic net inflow from whales among all altcoins:
- Addresses holding 100 million–1 billion XRP saw a net increase of 970 million XRP
- Addresses holding more than 1 billion XRP saw a net increase of 150 million XRP
- The two types of addresses combined for an inflow exceeding $2.4 billion
- Exchange XRP balances

Author: zuccy
Original Title: The Case for Avici
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Stablecoins and new banking have been two of the most prominent themes of the past cycle. Avici, a new banking project in the Solana ecosystem, is aiming to tap into this narrative and plans to differentiate itself in the competition through a series of upcoming features.
Currently, Avici mainly provides credit card and virtual fiat (EUR and USD) bank account services. In addition to these basic features, the team also plans to launch unsecured loans and mortgage products, which will be backed by on-chain liquidity pools and will introduce a user credit scoring system.
This test product allows users to generate cards and fiat accounts, which can be topped up using cryptocurrency.
At present, Avici allows users to deposit crypto assets from Solana as well as numerous EVM networks. 1Avici is currently

Author: Wenser, Odaily Planet Daily
Original Title: Countdown to the Fed’s “Changing of the Guard”: 5 Finalists Revealed—Who Will Be the Ultimate Winner?
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As 2025 draws to a close, the time for current Fed Chair Jerome Powell’s “departure” is approaching, and the market continues to speculate about the next Fed chair.
According to previous statements from US Treasury Secretary Scott Bessent, the list of candidates has been narrowed down to five, which includes both “Trump faction” figure Kevin Hassett and the hawkish Kevin Warsh. The eventual winner among these five finalists will lead the Federal Reserve—the “heart of the US economy and finance”—for years to come.
Although Kevin Hassett currently leads the “Trump’s Fed Chair Nominee” prediction market on Polymarket...

BiTou editors' daily selection of Web3 news for you:
[U.S. Treasury debt surpasses $30 trillion mark, doubling since 2018]
According to BiTou, the total amount of sovereign debt issued by the U.S. Treasury has surpassed $30 trillion for the first time, more than doubling since 2018. Data released on Thursday shows that as of November, the total outstanding amount of U.S. Treasury bills, notes, and bonds reached $30.2 trillion. This $30.2 trillion debt is the main component of the total U.S. federal debt. As of November, the total U.S. national debt reached $38.4 trillion, including amounts owed to the Social Security Trust Fund, savings bondholders, and others.
According to data from the Securities Industry and Financial Markets Association, in 2020, the U.S. raised $4.3 trillion by issuing the above three types of treasury securities. That year, the fiscal deficit

Author: zhou, ChainCatcher
Original Title: ETFs Are Launching in Clusters, But Prices Are Falling—Is ETF Approval Still Considered Good News?
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Written by: milian
Translated by: AididiaoJP, Foresight News
Original Title: A History of Privacy Development in the Crypto Space
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Every major technological wave begins with a specialized or single group, and only later develops into general or multi-group use.
Early computers could only do one thing at a time: cracking codes, processing censuses, calculating ballistic trajectories. It was much later that they became shareable and programmable machines.
The Internet started as a small peer-to-peer research network (ARPANET), and only later evolved into a global platform that enables millions to collaborate in a shared state.
Artificial intelligence has followed the same path: early systems were narrow expert models built for a single field (chess engines, recommendation systems, spam filters), and only later evolved into general models capable of working across domains, fine-tuning for new tasks, and serving as shared platforms for others to build applications.

Author: Picolas Cage
Compiled by: TechFlow
Original Title: The Era of Getting Rich Quickly in Crypto Is Over—Some Advice for Retail Investors in a Bear Market
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Some thoughts on the market, and advice on how to profit from it or cope with it.
Over the past two years, the market has changed a lot. It has gradually matured and attracted more institutional capital and adoption.
1) As a small retail "fish," you probably won't make life-changing wealth from Bitcoin anymore. I think Bitcoin no longer has that kind of aggressive upside potential. As an asset, it has become too large in scale. I once bought Bitcoin at $6,000, and in 2018 I had the chance to get a 20x return.
Getting another 20x return from here? That would mean Bitcoin's price would have to reach $1.8 million—which, in my view, requires far more...

Source: Forbes
Author: Alicia Park
Original title: How Kalshi’s Cofounder Went From Professional Ballerina To World’s Youngest Self-Made Woman Billionaire
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Kalshi is currently valued at $11 billion, making its two co-founders (Luana Lopes Lara and Tarek Mansour) both billionaires, with Luana Lopes Lara also becoming the youngest self-made female billionaire in the world.
Luana graduated from the Massachusetts Institute of Technology with a degree in Computer Science.
During her university years, her

Author: JED GRAHAM
Original title: Strategy Raises $1.4 Billion For 'Bitcoin Winter.' Is It Enough?
Compiled and organized by: BitpushNews
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MicroStrategy (MSTR) is preparing for a possible "Bitcoin winter" and announced last week that it raised $1.4 billion by issuing 8.2 million shares, which will be enough to cover all of its interest expenses for the next 21 months.
Despite the bad news surrounding Bitcoin prices currently prevailing, leading to a decline in cryptocurrencies, the relatively good news is that Strategy states there will be no need to sell any Bitcoin for at least the next 21 months. This commitment remains valid even if the capital markets lose interest in MSTR stocks, debt, and preferred shares.
Currently

Author: Thejaswini MA
Compiled by: Luffy, Foresight News
Original Title: Ethereum: A "Frozen Bone Shark" Desiring Stillness, Yet Forced to Run Wild
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Ethereum is attempting to achieve a contradictory balance: the underlying protocol is solidifying (stopping changes, locking core rules, achieving predictability), yet the entire system needs to maintain unprecedented operational speed. Layer 2 is scaling, Fusaka is paving the way for 10 times the data capacity in the future, the Ethereum Virtual Machine (EVM) is being restructured, and validators are continuously adjusting the Gas limit. Everything is in motion.
The solidification theory suggests that the underlying network (Layer 1) can be frozen, allowing innovation to occur on top of it. But is this really the case? Or is Ethereum merely repackaging continuous changes as "minimalism", simply because this notion sounds appealing?

ALT5 Sigma is undergoing a typical "DAT battlefield."
This company, listed on NASDAQ and originally focused on blockchain financial infrastructure, made a high-profile announcement in August this year to transform into a Digital Asset Treasury (DAT) company, planning to raise up to $1.5 billion, betting on the World endorsed by the Trump family.

Author: 100y
Original title: To See Tether’s Future, Look at Its Investments
Compiled and organized by: BitpushNews
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Preface
Recently, S&P downgraded Tether's rating to the "worst tier", putting the world's largest stablecoin back in the spotlight.
In the narrative of traditional finance, this seems to imply risk, skepticism, and uncertainty; however, in the reality of the crypto industry, the share of USDT continues to expand, and Tether's investment landscape is rapidly extending, from gold and Bitcoin to global payments, infrastructure, and cross-border networks, a vast digital financial system is quietly taking shape.
Degradation and expansion are intertwined, creating the most contradictory yet most real financial landscape of the moment:
> The more unstable the traditional rating system is, the more Tether

Organization & Compilation: Deep Tide TechFlow
Original Title: A Conversation with VanEck Investment Manager: From an Institutional Perspective, Is Now the Time to Buy BTC?
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Guest: Matthew Sigel, Portfolio Manager of VanEck Onchain Economy ETF ($NODE)
Host: Anthony Pompliano
Podcast Source: Anthony Pompliano
Original Title: Is It Time To Buy Bitcoin Now?
Release Date: November 25, 2025
Key Points Summary
Matthew Sigel is the portfolio manager of the VanEck Onchain Economy ETF ($NODE), which is regarded as one of the most in the crypto ecosystem.

Author: Gino Matos
Compiled by: Saoirse, Foresight News
Original title: Can Bitcoin's 10-minute block time truly replace the traditional calendar?
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The US SEC approved the spot Bitcoin ETF at block number 826,565; by block number 840,000, these funds held over 800,000 Bitcoins; and as of block number 925,421 (according to real-time data tracking at that time), the US spot Bitcoin ETFs held approximately 5% to 6% of circulating Bitcoins.
Without further explanation, you may find it difficult to immediately understand: these blocks correspond to January 2024, April 2024, and November 27, 2025. However, even without the units of "year" and "month," the logic of this statement still...

Author: Rhythm Little Worker
Original title: After Bitcoin returns to 90,000 USD, is the next step Christmas or Christmas calamity?
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Whether it's an old Chinese or a foreigner, everyone cannot escape the traditional mentality of "having a good reunion during the festival." The fourth Thursday of November every year is the major traditional holiday of Thanksgiving in the United States.
This year's Thanksgiving, what people in the crypto world are most thankful for is probably that Bitcoin has returned to 90,000 dollars.
In addition to the influence of the "holiday market" factors, a "Beige Book" that unexpectedly became a key decision-making basis due to the government shutdown also helped to reshape the direction of the last monetary policy of the year. The probability of the Federal Reserve cutting interest rates in December skyrocketed from 20% a week ago to 86%.
When the Federal Reserve reverses its stance, when major global economies simultaneously enter "money printing mode," and as the cracks in the traditional financial system widen, crypto assets are standing at their most crucial seasonal window. The floodgate of global liquidity.