In the past seven days, Bitcoin has fallen from $100,000, with $87,000 becoming the "bull-bear pivot point," currently attracting high attention from all investors. (Background: Bitcoin once fell below $90,000, down nearly 30% from this year's peak) (Additional context: Bernstein: A 25% pullback in Bitcoin does not mean the bull run has peaked; the fundamentals have not changed, resembling more of a phase adjustment) Bitcoin (Bitcoin) has fallen more than 30% from its October peak of $126,000, and global investors are closely watching the three key supports at $87,000, $79,000, and $74,000. Crypto analysis firm CryptoQuant's senior analyst Axel Adler Jr. warned that holding these levels is the fork in the road for bulls and bears. Key levels the market needs to

The Taiwan Financial Supervisory Commission announced penalty results for 6 virtual asset trading platforms (VASP). These operators were fined a total of NT$7.02 million for failing to implement AML obligations. (Background: The Tempo 30 Awards community nominations are open; Who are the 30 most influential people in Taiwan's Blockchain?) (Supplementary Background: Taiwan's VASP area debut at the Golden Bull Conference! 9 cryptocurrency trading operators are all present, moving towards compliance and anti-fraud era.) On November 17, the Taiwan Financial Supervisory Commission's Securities and Futures Bureau issued a fine of NT$7.02 million to six virtual asset service providers (VASP), citing lax AML operations as the reason. The regulatory body will complete the special project financial inspection by May 2025 and announce the results six months later. Observers believe this hefty fine demonstrates the authorities' zero tolerance for the most basic compliance standards for cryptocurrency platforms. The penalized operators are linked.

Nick Timiraos revealed the dilemma of the Federal Reserve (FED) being trapped in a "data vacuum," explaining the internal divisions leading up to the December meeting and the challenges facing Powell's leadership (Background: Raoul Pal warns that without more QE from the Federal Reserve (FED), "liquidity will be in short supply," potentially repeating the 2018 repo market financial crisis). (Context: The U.S. will release the September nonfarm payroll report next week, with markets closely watching the impact of the Federal Reserve (FED) ( interest rate cuts.) With only three weeks remaining until the Federal Open Market Committee meeting on December 9-10, Wall Street Journal senior reporter Nick Timiraos first outlined the most severe divisions facing the Federal Reserve (FED). The report pointed out that a 43-day government shutdown has blocked critical statistics, forcing officials to decide whether to cut interest rates without complete information, which keeps global markets focused on the Federal Reserve (FED)'s trade-offs between inflation and employment. The data black hole hampers decision-making.

The African Continental Free Trade Area (AfCFTA) has partnered with the IOTA Foundation to launch the ADAPT program, aimed at using stablecoins led by USDT as the core settlement tool to promote paperless digital trade across 55 countries, with the goal of fundamentally transforming cross-border goods circulation in Africa. (Background: The Myths and Realities of Stablecoins: A Field Guide from 20 African Countries) (Background Supplement: In-depth Report: The Potential and Development of Crypto Assets & Stablecoins in Africa's Digital Economy) The AfCFTA Secretariat and the IOTA Foundation jointly announced on November 17 the launch of the 'Africa Digital Access and Public Infrastructure for Trade (ADAPT)' program, clearly focusing on stablecoins (particularly

The Web3 metaphysics project superfortune launched by Manta Network is now available with an app targeting Web2 users, providing Android APK downloads, and listed on the Google Store and App Store. New features include intelligence reports and Candlestick markings of the Heavenly Stems and Earthly Branches, allowing developers to integrate superfortune metaphysics functions. This project aims to drop the usage threshold to attract more users to participate.

Lily Liu, the chair of the Solana Foundation, stated that the current Crypto Assets industry has seriously deviated from its original intent, calling on the industry to "Make Crypto Cypherpunk Again." (Background: Where does the dissatisfaction of Solana Foundation chair Lily Liu stem from regarding "a16z's bias against EVM"?) (Context: What did SOL, which survived the aftermath, do right? A conversation with the foundation chair Lily Liu: What is the next step for Solana?) Tonight (17th), Solana Foundation chair Lily Liu posted on the X platform, pointing out that the current Crypto Assets industry has seriously deviated from its original intent, calling on the industry to "Make Crypto Cypherpunk Again."

The Federal Reserve and the Treasury are competing for liquidity control before the end of the year, raising concerns in the market about a repeat of the 2018 crisis. Funding pressures have tightened the repurchase market for banks. Investors are turning their attention to crypto assets as a safe haven, with liquidity being key (Background: The First Commandment of Trading: Clarifying Risk Control and Position Stop Loss) (Context: From Leverage Drop to Zero to Stable Profits: A Crypto Trader's Six-Year Review of Experiences and Lessons) A month after the U.S. government shutdown, Wall Street is shrouded in the shadow of a potential break in the "funding pipeline." Macro observer Raoul Pal warns that if the Federal Reserve does not ease liquidity by the end of the month, the market may see a repeat of the 2018 repurchase crisis script. The usage of the standing repurchase facility (SRF) surged to $50.35 billion on October 31, highlighting the banking system's thirst for short-term funds, but the "stigma effect" has deterred banks from seeking help frequently.

The article discusses five core issues for maintaining rationality in the crypto market, covering the understanding of ETH, altcoins, and Decentralized Finance as well as their future trends. The author emphasizes that it is crucial to understand the essence of crypto, face fluctuations, and choose valuable assets, while also suggesting the need to rationally adjust expectations and beliefs about the market, appropriately combining Decentralization with commercialization to avoid being swayed by emotions.