Edgen Crypto·Nov 30 2025, 22:54
[1] Poloniex Hacker Sends $3.3M Worth of Ether to Tornado Cash (https://finance.yahoo.com/news/poloniex-hacke ...)[2] Hacker Linked To Shen Bo Transfers 1000 ETH To Tornado Cash (https://www.binance.com/en/square/post/2024-0 ...)[3] The Hacker Behind the Poloniex Theft Sent $3.3 Million Worth of ... (https://decrypt.co/zh-Hans/news-explorer?pinn ...)
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Dec 01 2025, 00:44
SUI and ENA Lead Over $139M in Weekly Token Unlocks, Pressuring Markets
## Executive Summary This week, the cryptocurrency market is bracing for a significant increase in the circulating supply of several tokens, led by **Sui (SUI)** and **Ethena (ENA)**. These scheduled events will unlock more than $139 million in previously restricted assets. Token unlocks are a critical component of a project's tokenomics, representing a planned inflationary event that can exert considerable pressure on asset prices. The market's reaction will be a key test of investor demand and the perceived long-term value of these protocols. ## The Event in Detail The two most prominent unlocks of the week are: * **Sui (SUI):** On December 1st, the Sui network unlocked 55.54 million SUI tokens, valued at approximately $85 million. This release constitutes about 0.56% of the token's circulating supply. * **Ethena (ENA):** On December 2nd, the Ethena protocol is scheduled to unlock tokens worth an estimated $54.3 million. This injection of new supply represents 3.04% of its current circulating supply. This is part of a larger, phased release schedule that extends through 2026. Other tokens, including **SANTOS**, **WAL**, and **RED**, are also slated for smaller unlocks throughout the week, contributing to the overall increase in liquid supply across the market. ## Market Implications The primary implication of a large token unlock is the potential for increased selling pressure. As tokens are distributed to early investors, team members, and community reserves, a portion of these assets are often liquidated on the open market. This sudden increase in supply, if not met with corresponding demand, can lead to downward price pressure. For **ENA**, the unlock of 3.04% of its circulating supply is a material event that could trigger short-term volatility. The market's ability to absorb these new tokens without a significant price drop will depend on current market sentiment, the trading volume of the asset, and the behavior of the recipients of the unlocked tokens. While scheduled and transparent, these events remain a key focus for traders assessing supply-side risks. ## Tokenomics and Vesting Schedules A deeper look at the tokenomics reveals the mechanics behind these unlocks: * **Sui (SUI):** The protocol has a total supply capped at 10 billion tokens. The current unlocks are part of a long-term vesting schedule for various stakeholders, including early contributors (72-month vest), Series A investors (11-month vest), Series B investors (24-month vest), and a Community Reserve (82-month non-linear vest). These structured releases are designed to manage inflation over several years. * **Ethena (ENA):** Over 6.8 billion ENA tokens are currently in circulation, with nearly 6 billion remaining locked. These locked tokens are designated for the foundation, core contributors, investors, and ecosystem incentives, with vesting periods extending up to 48 months. The phased release strategy, continuing through 2026, ensures a gradual distribution rather than a single, large-scale shock to the market. ## Broader Context Token unlocks are a standard and necessary feature of the digital asset landscape, allowing projects to reward early backers and fund ongoing development. They are functionally similar to the expiration of lock-up periods for newly public companies in traditional equity markets. For investors, these are not unforeseen events but are calendar-driven data points that factor into risk management and trading strategies. The scale of the SUI and ENA unlocks places them on the watchlist for the entire market, as their price performance post-unlock can serve as a barometer for investor sentiment and the market's capacity to absorb new token issuance.
Nov 30 2025, 22:37
Monero (XMR) Approaches Key Support Level, Technical Analysis Indicates Potential 16% Upswing
## Executive Summary An analysis circulating on the TradingView platform suggests that Monero (XMR) is positioned for a potential 16% price increase toward the $465 mark. This bullish forecast is entirely contingent on the cryptocurrency holding a critical support level identified on its weekly chart. The scenario highlights the application of classical technical analysis, specifically the principles of support and resistance, which are widely used by traders to identify potential market turning points. ## The Event in Detail The forecast, authored by a TradingView analyst under the name "MadWhale," focuses on the **KUCOIN:XMRUSDT** trading pair. The core of the analysis is that if Monero successfully maintains its current price floor—described as its "last support"—a subsequent rally is a logical expectation. This conclusion is drawn from an examination of historical price data, primarily using weekly candlesticks to identify significant long-term price levels. ## Deconstructing the Technicals: Support and Resistance Support and resistance are foundational concepts in technical analysis that identify price levels on a chart expected to attract a maximum amount of buying or selling. * **Support:** A support level is a price point where an asset tends to stop falling, as demand and buying interest are expected to be strong enough to overcome selling pressure. In the case of XMR, the current price is testing such a level, which has historically prevented further declines. * **Resistance:** A resistance level is the opposite—a price point where a rally tends to pause or reverse due to a concentration of selling interest. For XMR, the $465 target is projected as the next significant resistance zone. These levels are typically identified by looking at past price action, with multiple historical bounces from a specific price zone strengthening its validity as support or resistance. The use of a weekly chart, as cited in the analysis, is common for identifying more significant, long-term levels. ## Market Implications A successful hold at this support level, followed by a rally, would validate the technical pattern and likely attract further bullish momentum from traders who follow similar strategies. However, the scenario also presents a clear risk. Should the support level break, it would invalidate the bullish thesis. According to technical principles, a broken support level often transforms into a new resistance level, as sellers may use any subsequent re-test of that price to exit positions, potentially leading to further price declines. ## Broader Context This analysis of Monero is a practical example of how many participants in the cryptocurrency markets make trading decisions. Unlike equities, which are often valued based on fundamentals like earnings and revenue, cryptocurrencies are frequently traded based on technical patterns, market sentiment, and liquidity flows. The reliance on indicators like support, resistance, and candlestick patterns is a dominant strategy for navigating the inherent volatility of the digital asset class. The current price action of XMR serves as a live test of this widely-followed trading methodology.
Nov 30 2025, 20:15
Méliuz Adopts Bitcoin Treasury, Acquiring $4.1M in BTC as First for a Brazilian Public Firm
## Executive Summary **Méliuz** (CASH3.SA), a Brazilian financial technology company, has officially become the first publicly traded firm in Brazil to incorporate **Bitcoin** into its treasury strategy. Following approval from 66% of its shareholders, the company allocated 10% of its cash reserves, amounting to a $4.1 million purchase of 274.52 BTC. This strategic pivot is designed to mitigate the risks of currency devaluation and capture potentially higher long-term returns compared to traditional fixed-income assets. ## The Event in Detail In a securities filing, **Méliuz** confirmed its new treasury policy, which allows for up to 10% of its cash to be held in **Bitcoin**. The company has moved away from a portfolio previously concentrated in traditional financial assets tracking Brazil's CDI interbank deposit rate, which is influenced by the country's benchmark interest rate of 13.75%. According to an internal study guiding the decision, **Méliuz** leadership expressed concerns that official inflation indices do not adequately reflect the real loss of purchasing power. The firm is therefore positioning **Bitcoin** as a scarce digital asset to preserve capital and generate shareholder value over time. The acquisition of 274.52 BTC for $4.1 million marks the first tangible step in executing this new strategy. ## Business Strategy and Financial Mechanics The move by **Méliuz** is explicitly inspired by the corporate **Bitcoin** playbooks of U.S.-based **MicroStrategy** (MSTR) and Japan's **Metaplanet** (3350.T). The stated mission is "to accumulate **Bitcoin** in an accretive way for shareholders, using its cash generation and corporate and capital market structures to increase exposure to the asset over time." To manage the inherent volatility of the asset, the company has adopted a conservative custodial approach. Diego Kolling, Head of **Bitcoin** Strategy at **Méliuz**, stated that 80% of the company's **Bitcoin** holdings are secured in cold storage. The remaining 20% may be used to generate yield through derivatives, with potential future strategies including leveraging the Lightning Network or issuing **Bitcoin**-backed debt. ## Market Implications **Méliuz**'s adoption of a **Bitcoin** treasury sets a significant precedent in Latin America. As the first publicly listed company in Brazil to make such a move, it may encourage other corporations in the region facing similar inflationary pressures and currency instability to consider **Bitcoin** as a viable treasury reserve asset. Analysts at UBS BB noted that the strategy, while new to the Brazilian market, aligns with a growing global trend of companies seeking alternative stores of value. ## Broader Context This event is part of a larger, accelerating "Corporate Treasury Revolution" where **Bitcoin** is increasingly viewed as "digital capital." The trend marks a significant evolution in corporate finance, forcing investors and analysts to evaluate companies through the dual lens of operational performance and digital asset management. This shift introduces new financial metrics and requires a sophisticated understanding of risk management and financial engineering, fundamentally altering how corporations approach treasury and capital preservation.