Huoxun Finance News, November 30th - According to Techinasia, EmiratesGold and PublicGold have launched a gold ATM in the UAE. This machine allows users to purchase gold and silver bars using e-wallets or credit cards and withdraw physical gold and silver from their digital accounts. The two companies plan to deploy 35 to 40 ATMs nationwide in the UAE by 2026. Future additions may include cryptocurrency exchange.

Huoxun Finance News, November 30th - According to Jinshi, a research report released by CITIC Securities states that marginal demand is increasingly explaining gold pricing. Returning to the traditional supply and demand logic, given the relatively stable gold supply, with annual production remaining around 3,600 tons, the true pricing variable for gold lies in demand, especially marginal demand. Gold demand mainly comprises three parts: private sector consumption demand, private sector investment demand, and official gold purchase demand. In the past, marginal demand for gold was primarily contributed by demand from European and American ETFs (private sector investment demand in Europe and America, mainly from overseas institutional investors), and this demand or investment framework largely depended on the real interest rate of US Treasury bonds. Private sector investment demand in Europe and America (ETF demand, etc.) still shows a strong correlation with the real interest rate of US Treasury bonds. With declining US inflation and a weakening labor market, expectations for a Fed rate cut in the second half of the year are rising. The resulting decrease in nominal and real interest rates will inject new momentum into gold price increases.

Odaily Planet Daily reports that BlackRock's Bitcoin Spot ETF (IBIT) saw a net outflow of $2.34 billion in November, with outflows of approximately $463 million and $523 million recorded on November 14th and 18th respectively, setting new single-day records. Cristiano Castro, BlackRock's Director of Business Development, stated that such fund flows are normal and the company remains highly confident in the long-term development of spot ETFs. Castro explained that Bitcoin spot ETFs are highly liquid instruments designed to help investors flexibly allocate capital, and fund withdrawals during price corrections are common, especially in products with high retail participation. The outflows over the past month were primarily due to short-term volatility driven by strong demand. With Bitcoin breaking through $90,000 again this Thursday, IBIT investors currently have a total unrealized profit of approximately $3.2 billion, fully recovering the losses from the previous correction. (Cointelegraph)

According to Lookonchain monitoring, on November 30th, trader 0xccb5's long position of 244.38 million MON (worth $6.5 million) was completely liquidated due to the sharp drop in MON price, resulting in a loss of up to $1.9 million. His account balance has been wiped out.

Huoxun Finance reported on November 30th that Santiment, a cryptocurrency sentiment analysis platform, stated in a report that after a slight rebound, the market is showing signs of fatigue, and the clear buy signals from last week have disappeared. Ethereum is approaching a strong resistance zone between $3200 and $3250. This price level will be a key test of market strength. Furthermore, the social trend of "buying on dips" has ended, replaced by panic and potential liquidation risks, indicating fragile market sentiment. On-chain data shows that large Bitcoin wallets are slowing their buying pace, while smaller retail wallets are starting to accumulate – a pattern that typically foreshadows an impending market decline. In conclusion, caution is crucial; after the slight rebound, the market currently faces numerous challenges, and the confidence of major participants is waning. Data suggests that waiting for clearer signals is the wisest course of action.