In the past hour, total liquidations across the network reached $13.35 million, with $8.74 million from long positions, with $4.61 million from short positions. BTC liquidation $3.81 million, ETH liquidation $1.65 million.

Odaily Planet Daily reports that on-chain yield platform Altura has announced a $4 million funding round led by Ascension, with participation from leading European private equity firms Moonfare and InnoFinCon. The platform operates a single on-chain vault and employs a market-neutral strategy to generate stable returns. Users deposit stablecoins, and the vault earns protocol returns by capturing inter-exchange price spreads, generating funding fees through hedging positions, and rotating collateral to safe-yield assets. (Decrypt)

Odaily Planet Daily reports that Nasdaq-listed Massimo announced its board of directors has approved adding Bitcoin (BTC) to the company's long-term strategic reserve and has begun initial purchases. Further details regarding the holdings will be disclosed in its Form 8-K filing with the U.S. Securities and Exchange Commission (SEC). The company stated that it will invest no more than 10% of its total assets in BTC purchases over the next five years. (PRNewswire)

Odaily Planet Daily reports that PowerSpark has announced its community has surpassed 1,000 users, and its ecosystem token POSK is confirmed to be listed on the BitMart exchange on December 3, 2025. Meanwhile, the project's technology roadmap continues to advance; the project officially launched the development of its AI trading system in October of this year, with the first-generation product expected to launch in January 2026. This product aims to create the first mature and professional AI-powered intelligent trading tool.

Huoxun Finance reported on December 1st that, according to The Block, analysts at research and brokerage firm Bernstein stated that the crypto industry is "still looking for clear signs that Bitcoin has bottomed out," but they believe this decline differs from previous corrections because core cryptocurrency operators "appear to remain strong," actively adjusting their business models and exploring new revenue streams. In a report to clients on Monday, the analyst team acknowledged that weak market sentiment has also impacted cryptocurrency-related stocks, noting that Coinbase has fallen 21% over the past 30 days, Circle has fallen 37%, and Robinhood has fallen 12%. Nevertheless, the analysts stated that most speculative overreaction is limited to imitators of long-tail strategies and reiterated their view that there is no "real-world scenario" threatening the long-term development of long-tail strategies. Bernstein emphasized that the overall industry's operating performance contrasts sharply with market prices, pointing to ongoing business model reforms and regulatory benefits as evidence of the industry's inherent resilience. In the analysts' view, the industry is entering a phase where companies are implementing strategies previously limited by regulatory uncertainty, extending their business beyond cyclical trading revenue. Analysts point out that Coinbase's expanding product line, token issuance activities, and emerging consumer applications are all examples of these business model shifts.