Harvard University has quadrupled its holdings of IBIT assets in the past three months

Japan's economy has contracted for the first time in six quarters, potentially complicating the timeline for the Bank of Japan's rate hikes. Preliminary data shows that Japan's real GDP shrank by 0.4% quarter-on-quarter in Q3, translating to an annualized contraction of 1.8%. During the July to September period, external demand reduced GDP by 0.2 percentage points, impacted by U.S. tariff hikes, while housing investment fell 9.4% quarter-on-quarter. Economists believe this decline is related to regulatory changes and expect the market to recover.

The price of Bitcoin briefly fell to $93029 during the weekend cryptocurrency market downturn, smoothing out all gains in 2025, and the specific reasons remain to be analyzed. （Cointelegraph）

According to Zachxbt monitoring, a Cardano holder exchanged 14.4 million ADAs (worth $6.9 million) for 847000 USDAs, resulting in a loss of $6.05 million due to insufficient liquidity. These funds were idle for about 5 years before this operation. （Onchain Lens）

[Japanese Stock Market Declines, Q3 GDP Shrinks for the First Time in Six Quarters] On November 17, the Japanese stock market declined, with the Nikkei 225 Index falling below 50,000 points, down 0.78% intraday. After price and seasonal adjustments, Japan's real GDP annualized quarterly rate for Q3 was -1.8%, marking the first contraction in six quarters.

[WeBank Plans to Develop Local Blockchain and Anti-Money Laundering Solutions in Hong Kong] Ma Zhitao, Vice President and Chief Information Officer of WeBank, stated that WeBank will focus on developing Web3 and artificial intelligence businesses in Hong Kong in the future, with plans to establish a local blockchain system compliant with Hong Kong regulations and to develop anti-money laundering solutions.