PA Daily | Aster announces S3 Airdrop schedule; Arthur Hayes criticizes MON coin price, Monad founder retaliates

Today's news highlights:

1. Macroeconomic Outlook for Next Week: A Week of Fed Guidance and Data Deluge

2. Beijing Business Today: The chaos of cryptocurrency speculation has infiltrated platforms such as Xiaohongshu, Taobao, and Xianyu.

3. Arthur Hayes claims that “MON is a high-risk VC coin or could drop by 99%”; Monad's founder suggests experiencing the mainnet.

4. Santiment: The market shows signs of fatigue, and we need to wait for clearer signals.

5. Aster announces the S3 airdrop schedule: Checker opens on December 1, tokens can be claimed on December 15.

6. Sahara AI Responds to Market Anomalies: Internal Investigation Launched, No Security Risks or Product Issues Identified.

macro

Beijing Business Daily: The chaos of cryptocurrency speculation has infiltrated platforms such as Xiaohongshu, Taobao, and Xianyu.

The Beijing Business Daily Financial Investigation Team published an article titled “The Surge of Cryptocurrency Speculators into Social Platforms,” which points out that the chaos of cryptocurrency speculation has infiltrated platforms such as Xiaohongshu, Taobao, and Xianyu. What appears to be lifestyle sharing, newcomer benefits, or product links is, in fact, a diversion for cryptocurrency speculation, brewing a carefully woven hunting trap for ordinary people. In terms of diversion methods, they can be roughly divided into initiating topics to create IPs, setting advertising links on platforms, and other scenarios. Industry insiders believe that a “counter-hunting” battle against the chaos of cryptocurrency speculation has also begun, but to completely end this game, a joint effort from regulators, platforms, and users is needed.

Not long ago, Pan Gongsheng, the governor of the People's Bank of China, publicly stated that he would continue to crack down on the operation and speculation of virtual currencies within the country. Since 2017, the People's Bank of China, along with relevant departments, has issued multiple policy documents to prevent and address the risks of trading and speculation in virtual currencies within the country, and these policy documents remain effective. In the next step, the People's Bank of China will work with law enforcement departments to continue cracking down on the operation and speculation of virtual currencies within the country, maintaining economic and financial order, while closely tracking and dynamically assessing the development of foreign stablecoin values.

Macroeconomic Outlook for Next Week: A Week of Federal Reserve Guidance and a Flood of Data

Due to the CME Group “pulling the plug” on Friday due to a data center failure, the spot prices for gold and silver have been highly volatile this week. After the futures prices resumed quoting, they continued to rise, with gold prices increasing by nearly $150 this week, returning above $4,200; silver's rise was even more aggressive, reaching as high as $56, setting a new historical record. Next week, the Federal Reserve will enter its customary “quiet period” before the December meeting, and various economic data are set to be released. In addition, as large traders return from vacation, the market may experience significant volatility next week. Here are the key points the market will focus on in the new week:

Monday 22:45, U.S. November S&P Global Manufacturing PMI final value;

On Tuesday at 09:00, Federal Reserve Chairman Jerome Powell will speak at a commemorative event;

At 23:00 on Tuesday, Federal Reserve Governor Bowman will testify before the House Committee.

Wednesday 21:15, US November ADP employment figures;

Wednesday 22:45, US November S&P Global Services PMI Final;

Thursday 20:30, U.S. Challenger Job Cuts for November;

Thursday 21:30, initial jobless claims in the US for the week ending November 29;

Friday 23:00, U.S. December one-year inflation rate preliminary forecast, December University of Michigan Consumer Confidence Index preliminary value, September core PCE price index year-on-year, September personal spending month-on-month, September core PCE price index month-on-month.

After several Federal Reserve officials made a series of hawkish statements, doves have made a comeback over the past 10 days, bringing the possibility of a rate cut at the December meeting back to the negotiating table. This has caused the probability of a 25 basis point rate cut by the Federal Reserve on December 10 to surge from about 25% to nearly 80%, a dramatic reversal that has resonated in the financial markets. Federal Reserve officials typically guide Wall Street toward their final decision before meetings to avoid surprises. Over the past two years (covering a total of 20 Federal Reserve meetings), traders have only failed to fully digest the results three times close to policy decisions.

The UK is investigating the cryptocurrency scam Basis Markets, involving approximately $28 million.

The UK's Serious Fraud Office (SFO) has launched an investigation into the cryptocurrency scam Basis Markets. Basis Markets raised approximately $28 million through NFT sales and a cryptocurrency hedge fund at the end of 2021. With the support of the Metropolitan Police and West Yorkshire Police, the SFO arrested two men aged in their 30s and 40s, who are suspected of multiple fraud and money laundering offenses. Investigators are calling on informed investors to provide information to assist in the investigation.

opinion

Arthur Hayes: Tether buys gold and Bitcoin due to anticipation of interest rate cuts; will go bankrupt if assets drop by 30%.

Arthur Hayes, co-founder of BitMEX, stated in a post on platform X regarding the Tether audit report, “The Tether team is in the early stages of large-scale interest rate trading. They believe the Federal Reserve will cut interest rates, which will significantly reduce interest income. To cope with this situation, they are buying gold and Bitcoin, theoretically, as currency prices fall, the prices of these assets should soar. If the holdings of gold and Bitcoin drop by about 30%, their equity will become worthless, and at that point, USDT would theoretically go bankrupt. I believe some large holders and exchanges will demand real-time access to their balance sheets to assess Tether's solvency risk.”

Arthur Hayes stated that “MON is a high-risk VC coin that could drop by 99%”; the founder of Monad suggests experiencing the mainnet.

Arthur Hayes issued a warning about Monad, stating that the recently launched L1 blockchain could plummet by 99%, ultimately becoming another failed experiment driven by venture capital hype rather than real applications. Arthur Hayes described the project as “another high FDV, low circulation VC coin,” and pointed out that its token structure itself puts retail investors at risk. Hayes stated that most new L1 networks eventually fail, with only a few networks like Bitcoin, Ethereum, Solana, and Zcash potentially maintaining long-term relevance.

In response, Monad founder Keone Hon posted on X platform: “I greatly admire your contributions to the industry. Perps is an amazing innovation, and I believe it will continue to develop rapidly. You have had a tremendous impact on the industry. I noticed that you have been commenting on Monad frequently in recent days. While I know that some comments may have been taken out of context, I think you might want to understand what makes Monad unique and why it is not just another L1 framework. I believe that you must have faced a lot of negative comments and doubts at the beginning of the innovation at BitMEX, but you always responded positively and persevered. I also want to emulate your approach.” Keone Hon listed several reasons why Monad is different, and finally said, “If you would like to receive some MON to experience the network, please let me know, and I would be happy to send it to you. Thank you again for your contributions to this field, and I'll see you on-chain.”

Santiment: The market shows signs of fatigue, and we need to wait for clearer signals.

The cryptocurrency sentiment analysis platform Santiment stated in a report that after a slight rebound, the market shows signs of fatigue, and the significant buy signals from last week have disappeared. Ethereum is approaching a strong resistance area between $3200 and $3250. This price level will be a key test of market strength. Additionally, the social trend of “buying the dip” has ended, replaced by panic sentiment and potential liquidation risks, indicating weak market sentiment. On-chain data shows that the buying pace of large Bitcoin wallets has slowed, while small retail wallets have started to accumulate—this pattern typically indicates that the market is about to decline. In summary, caution is crucial; after a slight rebound, the market currently faces many challenges, and the confidence of major participants is weakening. Data suggests that waiting for clearer signals is the wisest approach.

Project Updates

Sahara AI responds to unusual market fluctuations: has initiated an internal investigation, no security risks or product issues exist.

Sahara AI tweeted that it has noticed unusual market fluctuations and is closely monitoring the situation in real-time. The team has initiated an internal investigation to analyze market activities in depth to better understand the driving factors behind the fluctuations. Currently, there are no security risks or product-level issues on the Sahara platform.

According to previous news, SAHARA dropped below 0.035 USDT, with a 24H decline of 55.45%.

The Wyoming Stablecoin Committee has released the stablecoin FRNT testnet faucet.

The Wyoming Stablecoin Committee has launched a testnet “faucet” for the stablecoin Frontier Stable Token (FRNT). Anyone with a digital wallet can now connect to their website and choose from 8 testnets. After that, they can apply for up to 1000 “tFRNT” tokens to their public address every 24 hours. tFRNT is not backed by any reserves; it is simply a token on the testnet (i.e., development) blockchain, designed to “simulate the deployment of smart contracts on the 7 mainnet blockchains it supports.”

According to previous news, the Wyoming stablecoin FRNT is still unavailable for purchase after its mainnet launch last month.

Aster announces S3 airdrop schedule: December 1st opens the checker, and December 15th tokens can be claimed.

Aster has updated the airdrop schedule for Stage 3 on the X platform. The S3 airdrop checker will open on December 1 at 20:00, and the token claiming period for the airdrop will be from December 15 at 20:00 to January 15, 2026 at 20:00.

Binance: Users holding at least 245 Alpha points can claim an airdrop of 500 SQD tokens.

Binance announces that users holding at least 245 Binance Alpha Points can claim a token airdrop. Claim 500 SQD tokens airdrop on the Alpha event page. If the rewards are not fully distributed, the points threshold will automatically decrease by 5 points every five minutes. Please note, claiming the airdrop will consume 15 Binance Alpha Points. Users must confirm the claim on the Alpha event page within 24 hours, otherwise it will be considered as forfeiting the airdrop.

Important Data

After the HyperLiquid team unstakes the tokens, approximately 1.745 million HYPE will be distributed to 29 new wallets, of which nearly 610,000 may be sold.

According to on-chain data monitoring, the HyperLiquid team previously disclosed the unlocking of 2.6 million HYPE on November 22. Due to the seven-day thawing period, the team did not receive the HYPE tokens until today, November 29. On-chain data monitoring currently shows that a total of 1,745,746 HYPE tokens have been distributed to 29 new wallets, of which 10 wallets have sent approximately 609,100 HYPE tokens to Flowdesk, which are expected to be sold in the over-the-counter market; additionally, 4 wallets have re-staked approximately 234,600 HYPE tokens, and about 902,000 HYPE tokens in the other 15 wallets have not changed. Meanwhile, the HyperLiquid team's wallet has re-staked approximately 854,254 HYPE tokens.

An Ethereum ICO participant transferred 5 ETH after being dormant for ten years, achieving a return of 9646 times.

According to on-chain analyst Yu Jin's monitoring, an address that participated in the Ethereum ICO in 2015 and obtained 40,000 ETH at an ICO price of $0.311 has not operated since then. It ended a ten-year dormancy 20 minutes ago and transferred out 5 ETH worth $11,500. At that time, the 40,000 ETH from the ICO only cost $12,440, and now they are worth $120 million, an increase of 9,646 times.

The new wallet belonging to Bitmine received 16,693 ETH from FalconX, worth 50.11 million USD.

According to Onchain Lens monitoring, a newly created wallet received 16,693 ETH from FalconX, worth 50.11 million dollars, which likely belongs to Bitmine.

A certain ancient ETH whale has sold 7,000 ETH in the past month, potentially making a profit of $19.745 million.

According to on-chain analyst Ai Yi's monitoring, the “ancient whale of 2016 ETH, with a cost as low as 203.22 dollars,” has allegedly sold 7000 ETH through Wintermute in the past month, with an average transfer price of 3024 dollars. If sold, it would yield a profit of 19.745 million dollars. The last suspected sale was 1 hour ago, where 1000 ETH (worth 3.01 million dollars) was deposited to Wintermute; currently, this whale still holds 26,992.67 ETH, with a total value of about 80.99 million dollars.

Data: In November, token sales raised $14.47 billion, the highest month in the past two years.

According to data disclosed by Stacy Muur on platform X, November has been the month with the highest token sale fundraising over the past two years, reaching 14.47 billion dollars.

( Institutional Holdings

Nasdaq-listed company Prenetics increases total Bitcoin holdings to 504 coins.

NASDAQ-listed company Prenetics announced on platform X that it has increased its holdings by 6 Bitcoins this week, bringing its total Bitcoin holdings to 504. The Bitcoin yield so far this year is 435%. Additionally, according to the company's CEO Danny Yeung, its executive team has invested $1.45 million to repurchase approximately 60,000 shares of the company from the open market.