Huoxun Finance News, November 29th - On November 28th, the People's Bank of China held a meeting of its coordination mechanism for combating speculation in virtual currencies. The meeting pointed out that recently, influenced by various factors, speculation in virtual currencies has resurfaced, and related illegal and criminal activities have occurred frequently, posing new challenges and situations for risk prevention and control. The meeting emphasized that virtual currencies do not have the same legal status as legal tender, do not have legal tender status, and should not and cannot be used as currency in the market. Virtual currency-related business activities constitute illegal financial activities. Stablecoins are a form of virtual currency, and currently cannot effectively meet the requirements for customer identification and anti-money laundering, posing a risk of being used for money laundering, fundraising fraud, and illegal cross-border fund transfers. The meeting required continued adherence to the prohibitive policy on virtual currencies and continued crackdown on illegal financial activities related to virtual currencies. All units should deepen coordination and cooperation, improve regulatory policies and legal basis, focus on key links such as information flow and capital flow, strengthen information sharing, further enhance monitoring capabilities, severely crack down on illegal and criminal activities, protect the property safety of the people, and maintain the stability of the economic and financial order. Officials from the Ministry of Public Security, the Cyberspace Administration of China, the Central Financial Affairs Commission, the Supreme People's Court, the Supreme People's Procuratorate, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Justice, the People's Bank of China, the State Administration for Market Regulation, the State Financial Regulatory Commission, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange attended the meeting.

According to Huoxun Finance, on November 29th, OKX market data shows that ETH has just fallen below $3,000, currently trading at $2,997.20 per coin, a daily decrease of 2.49%.

According to Huoxun Finance on November 29th, based on monitoring by on-chain analyst Ai Yi, the "1011 short-selling insider" closed his long position yesterday and has now reversed course to short ETH with 5x leverage. He currently holds 5,000 ETH, worth $15.02 million, with an opening price of $3,001.81.

According to Huoxun Finance, on November 29th, GateAlpha launched its 24th round of the Points Lucky Draw at 14:00 (UTC+8) on November 29th. Users holding ≥100 GateAlpha points can participate in the Lucky Draw. Users can invest 1-10 Alpha points to participate in each round of the lottery, with the probability of winning directly proportional to the number of points invested. The Lucky Draw consists of 20 rounds, with each person winning 2,000 ADO in each round. GateAlpha currently supports popular public chains such as SOL, ETH, GateLayer, BNBChain, Base, SUI, ARB, WorldChain, AVAX, Polygon, LINEA, ZK, OP, and Berachain, and enables seamless trading of tokens across the entire chain through the contract address search function, opening up cross-chain transaction links and allowing users to access all on-chain tokens with a single click.

Odaily Planet Daily reports that Swedish payment giant Klarna recently announced the early launch of its first stablecoin, KlarnaUSD, on the Tempo blockchain, supported by Paradigm and Stripe. The stablecoin was originally planned for launch in 2026. According to the company, stablecoins have already reached an annual transaction volume of $27 trillion, and Klarna will subsequently bring faster and cheaper cross-border payments to 114 million customers. The large-scale adoption of cryptocurrencies is timely, and this is just the beginning. It is understood that Klarna's annual GMV exceeds $118 billion; its Q3 financial report previously showed record-high quarterly performance since the company's IPO, with quarterly revenue soaring to $903 million, GMV growth of 23%, and revenue growth of 51% in the United States.