Morning News | Binance Alpha now supports Arbitrum network; Upbit's Solana network suffers 44.5 billion won hacker attack; Arthur Hayes continues to increase holdings in ENA, PENDLE, ETHFI
Overview of Important Market Events on November 27整理：ChainCatcher
Important News:
- Yi Lihua: ETH Returns to $3000, Remains Optimistic About Future Market Trends
- Binance Alpha Now Supports Arbitrum Network
- Tom Lee: Bitcoin May Break $100,000 Before Year-End, No Longer Confident in $250,000 Target
- Upbit Revises Stolen Fund Amount to 44.5 Billion KRW, Approximately $30.43 Million, Korean Regulators to Conduct On-Site Investigation Until December 5
- Zhao Changpeng: In the Long Run, BNB Price is Proportional to Ecosystem Development
- Malicious Chrome Extension Stealthily Steals Solana Trading Funds
- Arthur Hayes Continues to Increase Holdings in ENA, PENDLE, ETHFI
What Important Events Happened in the Past 24 Hours?
Yi Lihua: ETH Returns to $3000, Remains Optimistic About Future Market Trends
According to ChainCatcher, Yi Lihua stated on the X platform that ETH has returned to $3000, and the extreme panic sentiment has passed, remaining optimistic about future market trends.
Tether CEO Responds to S&P Downgrade of USDT Rating, Old System's Fragility is Making Authorities Uneasy
According to ChainCatcher, Tether CEO Paolo Ardoino responded to S&P's latest rating of Tether by saying, "We take pride in being hated by you."
Paolo Ardoino pointed out that the traditional rating system has long led investors to ultimately collapse "investment-grade" institutions, raising global regulatory concerns about the independence of rating agencies. He stated that the traditional financial system is unwilling to see any company escape its "failing gravity," but Tether has built the industry's first over-capitalized company with no toxic assets and sustained high profitability, proving that the fragility of the old system is making the "emperor's new clothes" authorities uneasy.
Tom Lee: Bitcoin May Break $100,000 Before Year-End, No Longer Confident in $250,000 Target
According to ChainCatcher, Tom Lee stated in an interview with CNBC on Wednesday, "I believe Bitcoin is very likely to break $100,000 by the end of the year, and may even set a new high."
This is his first public softening of his $250,000 year-end Bitcoin price target, which he had been vocal about in early 2024 and early October. Nevertheless, Lee stated that Bitcoin's strongest period may not arrive until the end of 2025.
According to ChainCatcher, Upbit revealed in a blog post that its Solana network suffered a hacking attack worth 54 billion KRW (approximately $36 million).
UPBIT stated that it will bear the losses caused to all customers by this hacking incident.
According to ChainCatcher, Upbit updated its announcement in the afternoon, revising the scale of leaked assets related to the Solana network from 54 billion KRW to 44.5 billion KRW (approximately $30.43 million); the scale of frozen funds on the Solana network was revised from about 12 billion KRW to about 2.3 billion KRW (approximately $1.57 million).
Additionally, according to Korean media BlockMedia, after the Upbit security incident, the Financial Supervisory Service's Virtual Asset Regulatory Bureau immediately conducted an on-site inspection of the platform. The Financial Supervisory Service stated, "We are aware of this hacking incident and are currently investigating the origins of the hacking attack, the extent of the losses, and the measures taken to protect customer assets. We expect to continue on-site inspections until next Friday (December 5)."
Zhao Changpeng: In the Long Run, BNB Price is Proportional to Ecosystem Development
According to ChainCatcher, Zhao Changpeng stated in a post commenting on the relationship between BNB price and ecosystem development that while the price and ecosystem development may not always be proportional in the short term, they indeed are in the long run.
Malicious Chrome Extension Stealthily Steals Solana Trading Funds
According to ChainCatcher, cybersecurity company Socket discovered a malicious Chrome extension named "Crypto Copilot" that is stealthily stealing funds from users' Solana transactions.
The extension allows users to trade Solana directly from the X social media platform but injects additional commands into each transaction, siphoning at least 0.0013 SOL or 0.05% of the transaction amount. Unlike typical wallet-emptying malware, Crypto Copilot executes trades using the Raydium decentralized exchange while adding a second command to transfer SOL to the attacker's wallet, with the user interface only displaying a transaction summary, hiding the separate operational commands. Since its release on June 18, 2024, it currently has only 15 users. Socket has submitted a takedown request to the Chrome Web Store security team. Security experts remind users that the Chrome extension ecosystem has long been a popular target for cryptocurrency scams due to its large user base and scalable design.
Arthur Hayes Continues to Increase Holdings in ENA, PENDLE, ETHFI
According to ChainCatcher, monitoring by Onchain Lens shows that Arthur Hayes has increased his holdings in ENA, PENDLE, and ETHFI, receiving from market maker Cumberland in the past 30 minutes:
2.01 million ENA worth $571,600;
218,000 PENDLE worth $589,800;
330,990 ETHFI worth $257,400.
Binance Alpha Now Supports Arbitrum Network
According to ChainCatcher, Binance Wallet announced that Binance Alpha now supports the Arbitrum network, allowing users to discover and trade the latest Alpha tokens on Arbitrum. Binance will hold a trading competition for active traders on the Arbitrum network, with details to be announced separately. Meanwhile, a new batch of Binance Alpha tokens is also set to be launched.
Galaxy Digital Founder: Bitcoin Could Return to $100,000 by Year-End, But There Will Be Significant Selling Pressure
According to ChainCatcher, Mike Novogratz, founder of the well-known crypto investment firm Galaxy Digital, stated in a podcast that he still believes Bitcoin could return to $100,000 by year-end, but there will be significant selling pressure at that time.
He noted that the psychological impact of the recent crash on the market is mid-term. At the same time, Novogratz stated that with clearer crypto policies and the entry of traditional financial giants, the market will deeply differentiate in the future, with tokens that provide value being favored.
CryptoQuant: Large Deposits to Exchanges Increased Significantly During Bitcoin Price Decline
According to ChainCatcher, The Block reported that on-chain analysis company CryptoQuant pointed out that following last week's drop of Bitcoin price below $80,000, the amount of Bitcoin transferred to exchanges by large holders surged.
Data shows that the daily inflow to exchanges reached 9,000 BTC, with 45% coming from large deposits of over 100 BTC, a ratio described as "abnormally high." The average single deposit amount in November soared from 0.6 BTC to 1.23 BTC, reaching a one-year high. Meanwhile, the single deposit amount on Binance increased from 12 BTC at the beginning of the month to 37 BTC recently. CryptoQuant pointed out that this further confirms the view that "large holders are reducing their Bitcoin holdings through exchanges," as selling behavior continues to pressure the market against the backdrop of current price corrections.
Other mainstream assets also saw active exchange activity. Although the total inflow of Ethereum did not significantly increase, the proportion of large deposits rose, with the average daily single deposit amount reaching 41.7 ETH as Ethereum's price fell to around $2,900, marking a near three-year high. In the altcoin sector, the daily transaction volume transferred to exchanges has remained above 40,000 since July, peaking at 78,000 transactions on October 17.
Michael Saylor: Volatility is Vitality
According to ChainCatcher, Strategy founder Michael Saylor stated that volatility is vitality.
After Bitcoin recently fell close to $80,000, it returned to $90,000 today, now nearing $92,000. On November 21, Michael Saylor posted "Endure," encouraging patience and holding in the face of current market volatility.
Data: U.S. Investment Market Leverage Soars, Margin Debt Increased by $57.2 Billion in October
According to ChainCatcher, KobeissiLetter released data showing that U.S. margin debt surged by $57.2 billion in October, reaching a record $1.2 trillion, marking the sixth consecutive month of increase. So far this year, U.S. margin debt has increased by $285 billion, a rise of 32%. Margin debt has soared by 39% in the past six months, the largest increase since 2000, even greater than the increase during the 2021 meme stock craze, indicating that leverage in the U.S. investment market has reached an outrageous level.
Margin debt refers to the total amount of debt investors incur when borrowing money from brokers to purchase stocks or other securities, allowing investors to amplify their investment scale with less own capital, thus magnifying potential returns but also risks.
Dollar Sees Largest Weekly Drop in Four Months, Market Focus on Fed Path
According to ChainCatcher, the U.S. market is closed today for Thanksgiving, leading to liquidity shortages and increased volatility in currency trading. The dollar is retreating from a six-month high set a week ago and is expected to record the largest weekly drop since July. Brent Donnelly, president of Spectra Markets, stated that the market will soon consider major trading strategies for 2026, and he believes "going long on the dollar" will not be one of them, noting that if White House economic advisor Hassett, who advocates for rate cuts, is appointed as the next Fed chair, it would be detrimental to the dollar.
Tether to End EUR₮ Redemption Services Today, Shifting Focus to New European Compliant Stablecoin
According to ChainCatcher, Tether released an update on the gradual cessation of EUR₮ trading, stating that it will terminate EUR₮ redemption services on all supported blockchain networks today. Tether stated that this decision aligns with its broader strategic direction, considering the evolving regulatory framework around stablecoins in the European market, and will focus on supporting new projects, such as the launch of compliant stablecoins EURQ and USDQ.
Meme Popularity Rankings
According to meme token tracking and analysis platform GMGN, as of November 28, 09:00,
The top five popular ETH tokens in the past 24 hours are: SHIB, LINK, PEPE, UNI, ONDO
The top five popular Solana tokens in the past 24 hours are: TRUMP, PENGU, Fartcoin, FO, ME
The top five popular Base tokens in the past 24 hours are: B3, TOSHI, toby, KEYCAT, PEPER
What Are Some Noteworthy Articles to Read in the Past 24 Hours?
Funding, Users, Retention: A Growth Guide for 2026 Crypto Projects
Editor’s Note: The marketing in the crypto industry is undergoing a profound transformation: trend lifecycles are getting shorter, competition is becoming fiercer, and traditional methods are gradually failing. For entrepreneurs, growth leaders, and marketing teams, understanding these changes is not only a matter of survival but also key to seizing opportunities.
This article is based on a speech by Hype Partners' Chief Marketing Officer Emily Lai, systematically outlining the seven core trends of crypto marketing in 2026, covering recruitment, performance marketing, content creation, channel diversification, event experiences, incentive mechanisms, and AI-driven operations. It also shares industry forecasts and a framework for maintaining a competitive edge.
Just this month, there have been at least three serious real-world robbery cases in the crypto industry.
For criminals, forcing someone to reveal their cryptocurrency wallet password is clearly faster and easier than robbing their entire cash or bank card passwords at home.
Worse still, the lifestyle of crypto individuals is inherently "high exposure": flaunting wealth on Twitter, appearing at conferences, being named in articles, using unsecured Wi-Fi, or even just attending an industry event… all of these leave clues in the dark, indicating which "crypto asset millionaire" is worth targeting.
SIG Founder: Why I Am Optimistic About Prediction Markets?
This week, "Generating Alpha" invited a unique guest—Jeff Yass, founder of one of the world's most successful trading firms, Susquehanna International Group (SIG).
Jeff is a legendary figure in finance, applying principles of poker, probability, and decision theory to the markets. Over the past forty years, he has quietly built a global trading giant, operating behind the scenes on Wall Street, trading everything from options to cryptocurrencies, all based on mathematical precision and rational thinking. He is also one of the most influential yet mysterious figures in modern finance, and this episode marks his first-ever podcast interview.
$10 Billion Acquisition Stolen the Day After, Was it North Korean Hackers Again?
Korean cryptocurrency exchange Upbit disclosed that around 4 AM today, it detected abnormal withdrawal behavior, with approximately 44.5 billion KRW (about $30.43 million) of Solana network assets (including SOL, USDC, and a series of smaller tokens) transferred to an unspecified external wallet. Upbit stated, "We immediately confirmed the asset outflow caused by the abnormal withdrawal and will cover the entire amount with Upbit's assets to ensure that user assets are not harmed."
Upbit has now frozen approximately 2.3 billion KRW (about $1.57 million) in funds, and other assets are still being tracked.
After the incident, the exchange quickly locked down its infrastructure, transferring all assets to secure cold wallets to prevent unauthorized transfers, and conducted security reviews of each wallet and signature system.
Risk warning
Risk warning
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