Strategy Vice President sold 58,000 shares of MSTR as BTC fell below $85,000.

Headline

▌Strategy Executive Vice President Sells 58,000 MSTR Shares in 10 Days, Cashing Out $13 Million

According to BitcoinTreasuries.NET monitoring, Strategy Executive Vice President Shao Wei-Ming sold 58,004 MSTR shares in the past 10 days at an average price of $222, cashing out a total of $13 million.

▌BTC Falls Below $85,000

Market data shows that BTC has fallen below $85,000, currently trading at $84,982.36, a 24-hour drop of 2.55%. Market volatility is high; please manage your risk accordingly.

... As of press time, according to CoinGecko data: BTC price is approximately $85,094, with a 24-hour change of approximately -2.23%. ETH price is approximately $2,775.05, with a 24-hour change of approximately -3.28%. BNB price is approximately $836.03, with a 24-hour change of approximately... SOL price is approximately $128.93, with a 24-hour change of approximately -3.73%. DOGE price is approximately $0.1597, with a 24-hour change of approximately -7.08%. XRP price is approximately $1.94, with a 24-hour change of approximately -3.63%. TRX price is approximately 0.2956. The US dollar price fluctuated by approximately -0.76% in the past 24 hours. The WLFI price was approximately $0.2324, with a 24-hour fluctuation of approximately -7.60%. The HYPE price was approximately $33.65, with a 24-hour fluctuation of approximately -11.80%. [Policy] ▌WLFI Reserve Company ALT5 Sigma, a partner in the Trump family's crypto project "World Liberty Financial" (WLFI) and its reserve company ALT5, stated in a filing with the U.S. Securities and Exchange Commission (SEC) that its CEO was officially suspended on October 16, but internal emails revealed that the company's board of directors had actually placed him on temporary leave as early as September 4. Several securities regulatory experts stated that this significant discrepancy in timing may violate disclosure rules. The same email also revealed that Chief Revenue Officer Vay Tham was simultaneously placed on leave because a special committee of the board was investigating certain matters related to the company. According to SEC rules, publicly traded companies must disclose a material change in the actual cessation of a senior executive's duties within four trading days (Form 8-K). If a company intentionally submits false or misleading information, it may constitute a violation of anti-fraud regulations. In August of this year, ALT5 Sigma purchased a total of $1.5 billion worth of WLFI tokens through a single recurring transaction, with an estimated $500 million ultimately flowing to entities associated with President Trump. According to Decrypt, the UK's National Crime Agency (NCA) disclosed that a UK-led operation to combat Russian sanctions circumvention has resulted in the arrest of 128 people and the seizure of $32.6 million worth of cryptocurrency and cash. This operation, codenamed "Operation Destabilise," was first announced in 2024 and had resulted in 84 arrests and $25.5 million in seizures by December of last year. However, the latest NCA data shows that the operation has also arrested 45 more people suspected of money laundering and seized over $6.6 million in cash. Blockchain Applications Hangzhou Garden stated on its interactive platform that, after communicating with Wanlin Digital Chain's major shareholders and management team, Wanlin Digital Chain currently has no RWA business and no plans to engage in any RAW-related business. (Jinshi) A Bitcoin miner with a 1 in 180 million probability mined a block worth $265,000. A retail Bitcoin miner using Solo CKpool with a hashrate of only 6 TH/s unexpectedly mined a block and received a Bitcoin reward of approximately $265,000. Based on the total network hashrate, its daily block probability is only about 1 in 180 million. This is the first successful block production by CKpool in nearly three months, and the 308th since the software was launched in 2014. Bitwise Chief Investment Officer: $84,000 Becomes Near-Term BTC Support Level, $70,000 Range is a Potential Pullback Target. Bitwise Chief Investment Officer Matt Hougan pointed out that the $84,000 level (the low point of the March pullback) is a key support level for BTC that some investors are currently focusing on. However, if the market completely retraces all of the gains in October (when Bitcoin hit an all-time high of $126,000), the price could fall further back to the trading range of around $70,000 before Trump's election. Hougan stated that although Bitcoin may test the lower half of the $70,000 range, the market is 'closer to the bottom than the beginning of a downtrend.' He pointed out the current divergence between short-term panic and long-term confidence: tightening global liquidity and DAT trading liquidation have led to selling pressure, but long-term institutions such as the Harvard endowment fund and the Abu Dhabi sovereign wealth fund are "tentatively" building positions at current price levels. LeverageShares to Launch 3x Long/Short Bitcoin and Ethereum ETFs in Europe London-based ETF issuer LeverageShares will launch the world's first 3x long/short Bitcoin and Ethereum ETFs in Europe next week. Four new products (3x long Bitcoin, 3x short Bitcoin, 3x long Ethereum, and 3x short Ethereum) will be listed on the Swiss SIX exchange, further expanding the company's existing portfolio of leveraged products. **Important Economic Developments** **▌ECB Official Warns of Financial Market Risks: Sharp Correction Could Threaten Financial Stability** **European Central Bank Governing Council member Pereira warned that a sharp correction in financial markets and crypto assets would be among the primary short-term risks to financial stability. He stated that central banks must retain room for maneuver should another shock occur, emphasizing that "price stability is the top priority." He said, "If another shock or crisis occurs, central banks must have the buffer to act decisively to lower interest rates and help the economy." He added, "The current monetary policy is appropriate." His comments came after a volatile week for markets: the S&P 500 was heading for its biggest drop since April, Treasury yields fell, and other risk assets retreated. Markets stabilized on Friday after a Federal Reserve official hinted at the possibility of another rate cut. Goldman Sachs Partner: Signs of Bullish Contrepreneurship Disarmament in US Stocks Goldman Sachs partner Tony Pasqualelo believes that the US stock market has shown signs of bullish contrepreneurship disarmament, and further selling is expected before the market stabilizes. He points out that although Nvidia announced impressive better-than-expected results and raised its guidance, the market seems to be entering a new phase of the artificial intelligence cycle, and investors are beginning to doubt the sustainability of the capital expenditures and future returns of hyperscale cloud service providers. ▌Fed December Rate Cut Vote Stalled; Cook, Pressured by Trump, Could Be the Key Voter Analyst Neil Irwin stated that the Federal Reserve is currently deeply divided on whether it should cut interest rates next month, and one possible outcome of the vote would create a striking irony. If Chairman Powell, Vice Chairman Jefferson, and New York Fed President Williams decide to cut interest rates, they will certainly have the support of three Trump-appointed governors on the committee. But this would only secure them six of the twelve voting members. They need a seventh vote for a majority. The four non-New York Fed presidents with voting rights at this meeting (Goursby, Collins, Musslump, and Schmid) have all expressed reservations about a rate cut. In this scenario, Powell could appeal to two Biden-appointed governors for his majority. One of them is Barr, who now seems very concerned about inflation and advocates for caution. Therefore, he is likely to vote "no." This leaves only one governor from whom Powell can secure the seventh vote. This official is highly focused on the health of the labor market and remains tight-lipped about next policy actions. This governor is, of course, Cook. The Supreme Court is scheduled to hear on January 21 whether President Trump can fire her, whom he has been trying to remove since last fall.

▌Federal Reserve's Collins: The Ebb of Global Economic Integration Could Push Up Inflation

Federal Reserve Chair Collins said on Friday that the ebb of global economic integration could complicate the Fed's work and push up price pressures. Collins noted that the shift to "economic fragmentation" could "bring a transition period of inflationary pressures." She also stated that this environment could lead to "less financial integration," thereby "raising domestic borrowing costs and more broadly affecting financial conditions." She said, "A more volatile and fragmented global environment could lead to increased volatility in business cycles and inflation." She further noted that this environment "could complicate the Fed's efforts to maintain price stability and maximum employment, especially if the supply-side component of economic shocks is greater in this new environment." Collins also stated that rising global risks and fragmentation "often dampen short-term economic activity while reducing long-term growth, and are unlikely to be major, transformative, and intertwined forces shaping the economic landscape in the coming years."

... Spot gold continues to rise, returning above $4,100 per ounce. Spot gold continues to rise, returning above $4,100 per ounce. US white-collar unemployment rate hits record high; college graduates account for 25% of total unemployed. Data shows that Americans with four-year college degrees now account for a record 25% of the total unemployed, highlighting the sharp slowdown in white-collar hiring this year. Monthly data released Thursday by the US Bureau of Labor Statistics, delayed due to the government shutdown, showed that the unemployment rate for those with bachelor's degrees rose to 2.8% in September, up half a percentage point from a year ago. In contrast, the unemployment rate for other education levels saw little or no increase during the same period. In September, more than 1.9 million Americans aged 25 and older with at least a bachelor's degree were unemployed, accounting for a quarter of the total unemployed. This proportion has never reached such a high level in data dating back to 1992, prior to 2025. This indicates that younger, recent college graduates are also struggling to find jobs. Michael Feroli, chief U.S. economist at JPMorgan Chase, points out that the rising unemployment rate among college graduates "should further exacerbate concerns about AI-related unemployment."

▌University of Michigan Survey: U.S. Consumer Confidence Falls to One of Historic Lows

U.S. consumer confidence fell to one of historic lows in November as Americans became more pessimistic about their financial situation. According to data from the University of Michigan, the final reading of the consumer confidence index for November fell to 51 from 53.6 in October, just slightly above the preliminary reading. The current conditions index fell 7.5 points to a record low of 51.1. Consumers' views on personal finances are at their most pessimistic level since 2009.

... "Consumers remain frustrated by persistently high prices and declining incomes," said Joanne Hsu, the survey's lead researcher. Data shows that consumers expect prices to rise at an annualized rate of 4.5% over the next year, marking the third consecutive month of slowdown. They expect an average annual price increase of 3.4% over the next five to ten years, compared to 3.9% in October. While Americans' concerns about inflation have eased somewhat, they remain anxious about the high cost of living and job security. The report shows that the probability of personal unemployment risk has risen to its highest level since July 2020. The number of people continuing to claim unemployment insurance rose to its highest level in four years earlier this month, indicating that it is becoming increasingly difficult for unemployed Americans to find new jobs.

Golden Encyclopedia

▌What is RISC-V? Why does Vitalik want to use it for smart contracts?

RISC-V, pronounced "risk five," is a modern open-source instruction set architecture (ISA) based on the principles of Reduced Instruction Set Computer (RISC).

RISC-V is a modern open-source instruction set architecture (ISA) based on the principles of Reduced Instruction Set Computer (RISC).

In simple terms, it's like a blueprint defining a set of instructions that a processor can execute. RISC-V is designed to be highly modular, efficient, and flexible. Originally developed by the University of California in 2010, this open-source framework allows developers the flexibility to customize its functionality and use cases, and offers cost savings compared to proprietary ISAs like ARM or x86. RISC-V has a wide range of applications, from supercomputers to smartphones, and now blockchains like Ethereum. On April 20th, Ethereum co-founder Vitalik Buterin announced a "radical" new scaling solution that would replace the Ethereum Virtual Machine (EVM) with the RISC-V instruction set architecture, aiming to improve the speed and efficiency of the network execution layer. The idea is that RISC-V is the best solution to address the scalability limitations of blockchains. Adding RISC-V to Ethereum is currently only a proposal being discussed by the community and network governance. Buterin outlined several ways to implement the proposal, including running two virtual machines (VMs) or switching entirely to RISC-V. The primary idea behind supporting virtual machines is to allow contracts to be written and executed in the existing EVM model or RISC-V. Another, more radical approach is to modify the protocol to transform existing EVM contracts. A major challenge with such a significant change is avoiding breaking existing decentralized applications (DApps) and smart contracts. Ethereum cannot risk breaking existing contracts written in its current EVM code. A transitional solution might involve using an interpreter—essentially a translation layer between different computational languages. This would allow developers to begin building using RISC-V while ensuring that traditional EVM contracts continue to function without disruption.