A major investor deployed $4.1 million into a 5x leveraged long position in Hyperliquid as HYPE traded near $32. The whale expanded the position despite carrying a $1.5 million unrealized loss, demonstrating conviction as the token approached a demand zone that triggered rebounds in July and September. Long accounts represented 60.61% of top-trader positions on Binance, while Open Interest rose 3.46% to $1.58 billion.

Bitcoin has broken down from a rising wedge pattern and entered a key support zone, marking a 33% decline from its all-time high. The magnitude of the drawdown has historically preceded extended periods of weakness and heightened volatility in prior market cycles. Momentum indicators show no clear signs of bullish pressure returning, while trading volume remains subdued.

Coinbase announced on November 21 the acquisition of Vector.fun's team and technology, while the Tensor Foundation retained the NFT marketplace and TNSR token. TNSR surged 11-fold from $0.0344 to $0.3650 between November 19 and November 20 before dropping 37.3% to $0.1566 within 24 hours. The price action raised questions about potential information asymmetry ahead of the announcement.

Bitcoin fell below the 730-day simple moving average at approximately $81,250 on November 22, according to cryptocurrency analyst Ali Martinez. This technical threshold has historically preceded extended downward or sideways price action in previous market cycles. The asset was trading around $84,239 at press time, down over 11% for the week.

The Monad token sale on Coinbase raised approximately $216 million against a $187 million target as of November 23, reaching 115% subscription. Participation surged in the final 24 hours before the scheduled close, with over $43 million in commitments recorded during that period.

A 10-month cross-border investigation traced criminal funds through Binance, OKX, Coinbase, Kraken, Bybit, and KuCoin, according to the International Consortium of Investigative Journalists. Researchers documented over $408 million in transfers from Huione Group to Binance between July 2024 and July 2025. OKX received more than $226 million from Huione in the five months following its February 2025 guilty plea for operating an unlicensed money transmitter.

Stablecoins are positioned to displace traditional infrastructure in the $150 trillion annual cross-border payments market, according to Howard Davidson, CMO of Almond Fintech. With 15% of banks already offering stablecoin services and 57% exploring adoption, the technology reduces settlement times from days to seconds and can lower transaction costs by up to 99%. Recent partnerships by Western Union, Citi, and ClearBank signal institutional momentum toward blockchain-based payment rails.

Aerodrome and Velodrome, leading decentralized exchanges on Base and Optimism, reported front-end compromises early Saturday morning. Both platforms warned users to avoid primary domains and use decentralized mirror links while investigations into the DNS hijack continue. Smart contracts remain secure and unaffected.