Huoxun Finance reported on November 29th that stablecoin protocol STBL announced the launch of its reward claim function on the X platform. Eligible contributors can visit the official page, log in with their X account, and link their wallets to claim their rewards. STBL added that factors such as the use of multi-factor staking on the STBLdAPP and the amount of USST minted will be incorporated into the reward evaluation and will affect the leaderboard score, ensuring that deeper participation and genuine ecosystem contributions are reflected in the reward leaderboard score.

Odaily Planet Daily reports that the chaotic practice of redirecting users to cryptocurrency trading platforms is infiltrating mainstream platforms such as Xiaohongshu, Taobao, and Xianyu. Much content that appears to be "life sharing," "newcomer benefits," or "product links" is essentially an entry point to cryptocurrency trading groups, projects, or transactions, brewing a carefully orchestrated "hunt" for ordinary users. The report points out that common methods of redirection include: building a "persona" through trending topics, setting up referral advertising links on the platform, and disguising it as knowledge sharing. Industry insiders say that a "counter-hunt" against the chaos of cryptocurrency trading is underway, but a complete solution requires the joint efforts of regulators, platforms, and users. Previously, Pan Gongsheng, Governor of the People's Bank of China, clearly stated that the central bank will continue to severely crack down on the operation and speculation of virtual currencies within China, and the relevant regulatory policies since 2017 remain in effect. The central bank will also maintain a high-pressure stance in conjunction with law enforcement agencies, while continuously monitoring the development of overseas stablecoins. (Beijing Business Daily)

According to Hyperbot data, Huang Licheng, known as "Brother Machi," increased his 25x leveraged Ethereum long position to 8,400 ETH one hour ago, with a liquidation price of approximately $2,882. Simultaneously, he reduced his 10x leveraged HYPE long position to 215,000 HYPE, with a liquidation price of approximately $30. Furthermore, "Brother Machi" placed a limit sell order at $3,030, and has currently placed a total of 11 sell orders in the $3,010-$3,100 range, as well as 4 HYPE sell orders in the $36-$37 range.

Huoxun Finance reported on November 29th that the Beijing Business Daily Financial Investigation Team published an article titled "Cryptocurrency Speculators Swarm Social Media Platforms," pointing out that the chaotic practice of directing cryptocurrency speculation to platforms like Xiaohongshu, Taobao, and Xianyu has infiltrated these platforms. What appear to be lifestyle sharing, newcomer benefits, or product links are actually ways to drive traffic to cryptocurrency speculation, brewing a carefully crafted trap for ordinary people. In terms of traffic generation methods, these generally fall into several categories, such as creating topics and building personal branding, and setting up advertising links on the platforms. Industry insiders believe that a "counter-hunting" battle against the chaos of cryptocurrency speculation is underway, but completely ending this game requires a concerted effort from regulators, platforms, and users. Not long ago, Pan Gongsheng, Governor of the People's Bank of China, publicly stated that the government will continue to crack down on the operation and speculation of domestic virtual currencies. Since 2017, the People's Bank of China, together with relevant departments, has successively issued a number of policy documents to prevent and deal with the risks of domestic virtual currency trading and speculation, and these policy documents remain in effect. Going forward, the People's Bank of China will work with law enforcement agencies to continue cracking down on the operation and speculation of domestic virtual currencies, maintaining economic and financial order, while closely monitoring and dynamically assessing the development of stable currencies overseas.

Odaily Planet Daily reports that stablecoin protocol STBL has launched its rewards claim feature on the X platform. Eligible contributors can visit the official page, log in with their X account, and link their wallets to claim their rewards. STBL added that the use of multi-factor staking in STBL dApps and the amount of USST minted will be incorporated into the rewards evaluation and will affect the leaderboard score, ensuring that deeper participation and genuine ecosystem contributions are reflected in the rewards leaderboard score.