According to Alex Thorn's monitoring, Galaxy Research's research director, Alex Thorn, published an article on the X platform titled "Don't Underestimate Tether," pointing out that Tether has established a massive investment and business operations. The circulating supply of Tether's USDT stablecoin has exceeded $185 billion. The company also invests in agricultural and robotics companies, operates Bitcoin mining and high-performance computing (HPC) data centers, and develops an AI-powered health application (QVAC) and a private messaging application (Keet). Furthermore, the latest report shows that Tether is already the largest centralized financial (CeFi) lender in the cryptocurrency space, with loans exceeding $14 billion, and paid over $10 billion in dividends to shareholders in the first nine months of this year.

According to OnChainNerd, Bitmine has purchased another 14,959 ETH, worth approximately $45.99 million, according to Odaily Planet Daily.

Odaily Planet Daily reports that Strategy Inc. retained its position in the Nasdaq 100 index during this year's annual review, marking its first successful reinstatement since joining the index last December. Following its recent purchase of 10,624 BTC for approximately $962.7 million, Strategy's total holdings reached 660,624 BTC, worth nearly $60 billion. Despite remaining in the index, Strategy's stock price closed down 3.74% on the day and has fallen more than 15% over the past month. MSCI is considering excluding companies with more than 50% of their total assets from its indices, a move that could affect Strategy as early as January. JPMorgan has warned that if MSCI implements this rule, passive funds tracking the index could be forced to sell up to $2.8 billion worth of Strategy stock. Strategy Executive Chairman Michael Saylor and CEO Phong Le have written to MSCI arguing that the company is an operating entity, not a passive investment vehicle.

According to Odaily Planet Daily, based on monitoring by on-chain analyst Ai Yi, a whale that shorted the stock after the 1011 flash crash suffered a maximum unrealized loss of $22.43 million in 24 hours. The unrealized loss of its long positions, worth $670 million, has now narrowed to $12.97 million, with ETH accounting for over 80% of the unrealized loss. The single-coin holding is nearly $550 million, and due to the high margin of $129 million, the possibility of liquidation is extremely low.

Odaily Planet Daily reports that negotiations in the US Senate regarding a cryptocurrency market structure bill may be delayed until January due to unresolved disagreements over several points of contention. The legislative text has been circulating privately among industry insiders, and industry executives briefly reviewed the current draft at a White House meeting on Thursday, chaired by Patrick Witt, President Donald Trump's crypto advisor. The negotiations involve Senate Democrats and Republicans, the White House, and the crypto industry, and four major points of contention remain to be addressed. These include ethical considerations for government officials' involvement in digital assets, particularly President Donald Trump's involvement; whether stablecoins should be pegged to yield; and the Securities and Exchange Commission's (SEC) jurisdiction over tokens and decentralized finance (DeFi). Patrick Witt stated on the X platform that the White House and Senate Republicans are "aligned on the need to protect software developers and DeFi." Despite the disagreements, the intensity and pace of the negotiations remain high. Digital Chamber CEO Cody Carbone stated that all parties have a genuine desire and motivation to complete the legislation, and tangible progress is expected early next year.