Odaily Planet Daily reports that the People's Bank of China convened a meeting on November 28th to coordinate efforts to combat speculation and trading in virtual currencies. Officials from the Ministry of Public Security, the Cyberspace Administration of China, the Supreme People's Court, and the Supreme People's Procuratorate attended the meeting. The meeting noted a recent resurgence of speculation and trading in virtual currencies, with related illegal and criminal activities occurring frequently. The meeting reiterated that virtual currencies lack legal tender status and specifically pointed out that stablecoins, as a form of virtual currency, currently cannot effectively meet customer identification and anti-money laundering requirements, posing risks such as being used for money laundering and illegal cross-border fund transfers. All departments will continue to adhere to the "prohibitory policy" towards virtual currencies, focusing on information and capital flows, and will continue to severely crack down on related illegal financial activities.

According to on-chain transaction records, the address labeled "HyperLabs," after unstaking and conducting small-scale testing around noon today, began executing larger-scale fund transfers between 14:26 and 14:49. Data shows that the address transferred tokens to multiple different wallets in batches, primarily between 9,000 and 75,000 HYPE tokens, with the largest single transfer being approximately 74,999 tokens. Transfers are still ongoing. Previously, the Hyperliquid team wallet had redeemed 2.6 million HYPE tokens (approximately $90.18 million) to its spot account.

In the past hour, total liquidations across the network reached $14.15 million, with $13.25 million from long positions, with $898,542.03 from short positions. BTC liquidation $2.52 million, ETH liquidation $6.75 million.

According to official news, trading of GaiAi (GAIX) on Binance Alpha will begin on November 29, 2025 at 16:00 (UTC+8). Users holding at least 256 Binance Alpha points can claim a token airdrop. Claim 400 GAIX tokens on the Alpha event page. If the event continues, the point threshold will automatically decrease by 5 points every five minutes. Claiming the airdrop will consume 15 Alpha points. Users must confirm their claim within 24 hours on the Alpha event page; otherwise, they will be considered to have forfeited their airdrop.

According to OKX market data, ETH has fallen below 3000 USDT, currently trading at 2997.21 USDT, a 24-hour decrease of 0.48%. (This news item was generated with AI assistance.)