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Summarizing the "holistic reconstruction of the privacy paradigm" from dozens of speeches and discussions at the Devconnect ARG 2025 "Ethereum Privacy Stack" event.





The next-generation Launchpad may help address the issue of community activation in the cryptocurrency sector, a problem that airdrops have consistently failed to solve.

This year's market has been driven primarily by the growth of DATs, ETFs, and stablecoins. Strong institutional inflows indicate that mainstream U.S. capital is now entering the crypto market. However, after the October 11 black swan event, the market underwent a significant correction due to deleveraging. Even so, several indicators now suggest that a bottom may be forming. Our recommended assets are BTC, ETH, SOL, XRP, and DOGE.

This Thanksgiving, we are grateful for bitcoin returning to $90,000.

The current paradox of the Bitcoin network is particularly striking: while the protocol layer has never been more secure due to high hash power, the underlying mining industry is facing pressure from capital liquidation and consolidation.
- 13:03Data: Hyperliquid platform whales currently hold $4.576 billions in positions, with a long-short ratio of 0.93According to ChainCatcher, citing Coinglass data, the current whale positions on the Hyperliquid platform total $4.576 billions, with long positions at $2.208 billions, accounting for 48.26% of the total, and short positions at $2.367 billions, accounting for 51.74%. The profit and loss for long positions is -$91.6003 millions, while the profit and loss for short positions is $221 millions. Among them, the whale address 0x9eec..ab is holding a 15x leveraged full-position long on ETH at a price of $3,201.03, with an unrealized profit and loss of -$87.188 millions.
- 12:56Tether suspends Bitcoin mining operations in Uruguay due to rising energy costsChainCatcher reported that a spokesperson for Tether confirmed on Friday that, due to rising energy costs, Tether, the world's largest stablecoin USDT issuer, has suspended its bitcoin mining operations in Uruguay, but remains committed to long-term projects in Latin America. This confirmation from Tether comes just weeks after it denied reports of withdrawing from Uruguay. Previously, there were reports that Tether was involved in a $4.8 million debt dispute with Uruguay's state-owned electric company UTE. According to local news agency El Observador on Tuesday, Tether has officially notified the Uruguayan Ministry of Labor that it has suspended mining activities and laid off 30 employees. Tether initially announced in May 2023 that it would launch a "sustainable bitcoin mining operation" in Uruguay, aiming to utilize the country's renewable energy. Reportedly, Tether originally planned to invest $500 million in mining operations in Uruguay.
- 12:56Yala: All native Bitcoin will be removed from the protocol under the institutional model, and in the future, it will shift towards AI-driven agent prediction.ChainCatcher news, Yala posted on the X platform stating that all native BTC under institutional mode will be withdrawn from the Yala protocol. This process is completely separate from retail activities and will not affect retail users' YU balances or redemption rights. The complete redemption plan and schedule will be announced on December 15. In addition, Yala will release an updated roadmap outlining the next phase of development, including a shift towards AI-driven agent prediction.