Global equities were steady during the U.S. Thanksgiving closure, with Fed rate-cut expectations surging to an 80% probability for December and supporting broader risk appetite, keeping the MSCI ACWI near flat for November and S&P 500 futures stable. European stocks inched higher on light volume, led by a 19% surge in Puma on takeover speculation, while broader markets saw modest gains across sectors and regions amid stable bond yields and scattered corporate news. Eurozone Bank Lending Growth Improves: Eurozone bank lending increased at a faster pace in October as easing monetary policy lifted household lending, according to the European Central Bank, indicating a potential improvement in economic activity. The European Central Bank's minutes from its October meeting revealed that policymakers view inflation risks as fairly balanced and also expressed concern over financial stability risks spilling over from the US.
Crypto Liquidations Summary
Liquidation Type
Value
% of Total
24h Change
Total Liquidations
$112.56M
-
$-186.39M (-62.35%)
Shorts
$38.34M
34.1%
$-190.88M (-83.27%)
Longs
$74.22M
65.9%
$+4.49M (+6.44%)
BTC
$24.39M
21.7%
$-108.03M (-81.58%)
ETH
$17.25M
15.3%
$-36.49M (-67.90%)
Upbit halted deposits and withdrawals after detecting a $36M breach of its Solana hot wallet, prompting a platform-wide security review and reimbursement pledge — an incident that landed just one day after parent company Dunamu unveiled a $10B acquisition deal with Naver and its plans for a U.S. IPO.
Switzerland will add the global Crypto-Asset Reporting Framework (CARF) to its laws on Jan. 1 but delaying actual data-sharing on crypto accounts until at least 2027 while it decides which partner countries to exchange information with.
In a Thursday announcement, Ripple's RLUSD stablecoin gains regulatory approval in Abu Dhabi's Global Market’s (ADGM) financial zone, allowing licensed firms to use it.
