According to Lookonchain monitoring, the whale address 0x0ddf9, which was shorting BTC, has officially "surrendered" and switched from a short position to a long position. On-chain data shows that this address just closed its short position of 1,000 BTC (approximately $91 million) at a loss of about $1.6 million, and immediately opened a long position of 1,000 BTC (approximately $91 million) with 3x leverage. The current liquidation price is $59,112.

Odaily Planet Daily reports that in response to Upbit's theft of approximately 44.5 billion won (about $36 million) in cryptocurrency assets, CryptoQuant CEO Ki Young Ju posted an article today stating that the attack method disclosed by Upbit is "almost impossible for an ordinary hacker to accomplish." Upbit previously stated that attackers might have "inferred private keys" by analyzing user wallet address patterns. Ki Young Ju bluntly stated that this type of attack is technically extremely difficult, and if true, "I doubt that any hacking group other than North Korea's Lazarus could do this."

Huoxun Finance News, November 28th – Decentralized perpetual contract exchange Hyperliquid announced the full rollout of its Automatic Liquidation (ADL) system, introducing a deeper level of risk management to its main perpetual contract market. ADL, acting as a backup liquidation mechanism when the insurance fund cannot fully absorb losses, prevents the spread of systemic risk during extreme market volatility. The ADL system balances market losses and avoids market imbalances caused by cascading liquidations by partially or fully liquidating profitable positions with high leverage and high unrealized gains. Hyperliquid emphasizes that ADL is only triggered in extreme circumstances and its effectiveness has been validated through a series of internal stress tests and simulations. This upgrade also includes optimizations to margin checks, bankruptcy processing, and real-time risk assessment, while adding dashboard indicators to help users monitor their ADL risk level and adjust leverage. Analysts believe that the introduction of ADL signifies the maturity of Hyperliquid's risk management architecture, providing stronger systemic protection for highly leveraged, highly liquid markets. Hyperliquid plans to further improve the ADL framework in the future, including expanding the insurance fund, adding data sources, and introducing market risk mitigation incentives.

Huoxun Finance News, November 28th - Binance announced an airdrop event for AlphaVision (VSN) tokens. Users holding at least 252 Binance Alpha Points can claim 400 VSN tokens on a first-come, first-served basis. If the event continues, the points threshold will automatically decrease by 5 points every five minutes.

According to official sources, Ju.com has donated HK$2 million to Hong Kong to support disaster-stricken families, frontline rescue workers, and community reconstruction efforts. Ju.com stated that it will continue to monitor the actual needs of the Tai Po district in Hong Kong during the relief and reconstruction process and will provide necessary support in subsequent phases.