A crypto trader, known as a "smart whale," has made massive profits trading Wrapped Bitcoin (WBTC) by consistently buying at low prices and selling at higher prices. The trader deposited 1,957 WBTC worth $74.6 million into Binance on Friday, according to blockchain tracking service Lookonchain. WBTC is an ERC-20 token that allows traders to speculate on Bitcoin while staying within the Ethereum ecosystem. Lookonchain also recently spotted a wallet that participated in the Ethereum initial coin offering (ICO) nearly 10 years ago, which deposited 20,000 ETH to another wallet with 10 ETH eventually going to the crypto exchange Kraken.

When purchasing Bitcoin in the UK, it is important to prioritize security measures and understand the potential risks. While cryptocurrencies are legal in the UK, they are considered taxable assets and subject to taxation regulations. It is crucial to maintain accurate records in order to comply with these regulations. Investors should secure their holdings with a reliable crypto wallet and choose a reputable cryptocurrency exchange or broker. The Financial Conduct Authority (FCA) mandates registration for crypto exchanges in the UK, and investors should exercise caution due to the speculative nature of cryptocurrencies.

According to an article by Bitcoin News, since Halloween, one address has accumulated 8,674 BTC, equivalent to $323 million. In addition, they have continued to increase their holdings by 1,000+ BTC for the past three days.

BTC.com data shows that the difficulty of Bitcoin mining was raised by 5.07% to 67.96 T at block height 818,496, setting a new historical high. Currently, the average network computing power is 503.84 EH/s.

Omid Malekan, a part-time professor at Columbia Business School, said that the settlement of Binance highlights the ambiguous treatment of banks and cryptocurrency companies, and the Department of Justice's approach in this case is completely different from that in the traditional financial sector. Some people do not understand how other parts of the financial system work, and companies that follow best practices for anti-money laundering are still dealing with a large amount of illegal funds. But this is considered acceptable because someone did the paperwork. If traditional companies were treated the same way as Binance in similar cases, many people on Wall Street would be sent to jail. If they were required to meet the standards of Binance, hundreds of CEOs would be imprisoned, and funds used for share buybacks (or lobbying) would be reduced. But bankers are smart enough never to question this game. Binance has done a pretty good job in helping tens of millions of poor people, people of color, and other vulnerable groups enter the financial system, something compliant financial companies have failed to do for a long time.

Tether advisor Gabor Gurbacs stated on social media platform X that if Argentine President Javier Milei wants to both shut down the central bank and delay dollarization, his best choice would be to purchase Bitcoin and hard assets (gold and commodities) to immediately strengthen the Argentine peso. This will inspire confidence. Then, accept loans from the International Monetary Fund to make the US dollar and Bitcoin legal tender.

According to IntoTheBlock's tweet, Bitcoin transaction fees have exceeded those of Ethereum this week. In the past 7 days, the total Bitcoin transaction fees amounted to 61 million US dollars.

On November 25th, decentralized auction platform Bounce Finance announced on X platform that it is preparing to cultivate the BTC ecosystem extensively, focusing on providing incubation and auction support for BTC ecosystem projects. Stay tuned.

IntoTheBlock stated in an article on X platform that Bitcoin transaction fees have surpassed Ethereum this week. In the past 7 days, the total Bitcoin transaction fees have reached 61 million US dollars.

According to Santiment data, the price of Bitcoin has reached $38,300 for the first time since May 5, 2022. Among many contributors, the top 100 largest Tether (USDT) addresses have increased their holdings by $1.67 billion in the past six months, with purchasing power growing by 9.7%. If the purchasing power of USDT whales continues to increase, the price of Bitcoin may soon break through $40,000.