**[Jefferies Report: Tether Identified as Key Driver of Recent Gold Price Surge]** Investment bank Jefferies has reported that Tether is the primary new buyer in the recent gold market, driving the surge in gold prices. The report indicates that on-chain data confirms Tether's significant accumulation of gold over the past few months, which has created a tightening effect on gold supply. As of the end of the third quarter, Tether held approximately 116 tons of gold, with 12 tons backing its XAUt token (valued at approximately $1.57 billion) and about 104 tons supporting its stablecoin USDT (valued at approximately $13.67 billion). In the third quarter, Tether increased its gold holdings by approximately 26 tons, accounting for 2% of global gold demand during the same period. Jefferies analysts predict that as Tether's business expands, gold is expected to comprise about 7% of its reserves.

[3001.9 ETH Transferred to Gemini, Valued at Approximately $8.02 Million] According to Arkham data, 3001.9 ETH (valued at approximately $8.02 million) was transferred from an anonymous address (starting with 0x3F32...) to the cryptocurrency exchange Gemini.

The address 0xa5B0 of the giant whale purchased 1242 ETH (approximately 3.67 million US dollars) in spot in the past two days, and then deposited 5 million US dollars USDC into Hyperliquid in the past 10 hours, opening a 20 fold long position of 16366 ETH (approximately 44.3 million US dollars), with a liquidation price of 2446.7 US dollars (Lookonchain).

[‘HYPE Listing Insider Whale’ Closes STRK Long Position with $2.57 Million Unrealized Profit] On November 21, according to Hyperinsight monitoring, the ‘HYPE Listing Insider Whale’ has started closing its STRK long position. This address opened a 5x STRK long position on the 13th, with an unrealized profit of approximately $2.57 million. As of press time, the address still holds a 5x HYPE long position, with an unrealized loss of $7.97 million.

[RateX Completes $7 Million Financing, Animoca Ventures Among Investors] Solana ecosystem yield trading protocol RateX has raised a total of $10.4 million over the past two years, including $7 million in its latest funding round. Investors include Animoca Ventures, ECHO, GSR, (Crypto.com) Capital, Gate, Rzong Capital, BGX Capital, and Summer Capital, among others. The protocol helps users trade and manage yields through tokenized financial products and has launched the Mooncake upgrade to support non-liquidation leveraged token trading. In June this year, U.S.-listed company DeFi Development Corp. strategically integrated its staked tokens with the RateX ecosystem to explore additional yield strategies.