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With Lutnick entering politics, his son Brandon Lutnick has taken over as chairman, leading this Wall Street firm, which has been aggressively expanding in the crypto sector and maintains close ties with stablecoin giant Tether.



The stablecoin boom, the financialization of bitcoin, and cross-border capital flows are rapidly accelerating the restructuring of the industry.

The cryptocurrency sector must adapt to life "after the party."

Texas has officially taken the first step and is poised to become the first state in the United States to list bitcoin as a strategic reserve asset.

S&P warns that Tether's bitcoin exposure has breached safety limits. Tether CEO responds defiantly: "We take pride in your disdain."

When in doubt, check Polymarket first.
- 01:40A whale borrowed 5.5 million USDT from Aave to increase their position by 60 WBTC.According to Jinse Finance, on-chain analyst Ai Aunt (@ai_9684xtpa) has monitored that a certain whale borrowed 5.5 million USDT from Aave in the past 3 hours, transferred it to another address, and purchased 60.07 WBTC at an average price of $91,242.6. Currently, this whale has collateralized a total of 375.07 WBTC on Aave and borrowed 22.48 million USDT.
- 01:37Edel Finance token issuance questioned, suspected internal purchase of over 30% of tokensAccording to ChainCatcher, as reported by DLnews, blockchain data analytics firm Bubblemaps has discovered that during the EDEL token issuance by the EVM-based non-custodial lending protocol Edel Finance on November 12, 60 wallets suspected to be related to the project team purchased over 30% of the tokens, worth approximately $11 million. Co-founder James Sherborne did not deny the incident, claiming that this was a planned operation to place 60% of the tokens into a vesting contract. However, there is no public record showing that this plan was announced in advance, and the tokenomics page on the official website also does not mention this arrangement. During the transactions, the tokens were transferred to dozens of wallets and moved in and out of the Uniswap liquidity pool, a method often used to obscure transaction tracking. Sherborne did not explain why the tokens were acquired in this manner instead of being directly transferred to the contract. Edel Finance has also not responded to requests for comment.
- 01:37Data: A certain whale continues to borrow funds to increase holdings of WBTC, borrowing 5.5 million USDT in the past 3 hours to purchase 60.07 WBTC.According to ChainCatcher, on-chain analyst Ai Aunt (@ai_9684xtpa) has monitored that address 0x931...3c721 borrowed 5.5 million USDT from Aave in the past 3 hours, transferred it to address 0x276...23E87, and purchased 60.07 WBTC at an average price of $91,242.6. Currently, this address has a total collateral of 375.07 WBTC on Aave and has borrowed 22.48 million USDT.