The chief economist of WisdomTree, who manages $1.5 billion in assets, stated on CNBC that Bitcoin may replace the US dollar. （The Bitcoin Historian）

[Swedish Payment Giant Klarna Launches First Stablecoin KlarnaUSD Ahead of Schedule] Swedish payment giant Klarna has announced the early launch of its first stablecoin, KlarnaUSD, on the Tempo blockchain supported by Paradigm and Stripe, originally planned for release in 2026. According to reports, the annual transaction volume of the stablecoin has already reached $27 trillion, and it is expected to provide faster and cheaper cross-border payments for 114 million customers in the future. Klarna's annual GMV exceeds $118 billion, and its Q3 financial report shows quarterly revenue of $903 million, with GMV growth of 23% and U.S. regional revenue growth of 51%.

[Bitcoin OG Opens 5,000 ETH 5x Leverage Short Position] According to monitoring by Lookonchain, the Bitcoin OG address (1011short) has shifted from long to short, opening a 5x leverage short position of 5,000 ETH, valued at $15.04 million, with a liquidation price of $5,056.5.

[Central Bank Holds Meeting to Emphasize Risks of Virtual Currencies and Stablecoins] On November 28, the People's Bank of China held a coordination mechanism meeting to combat speculation and trading of virtual currencies, with attendees including representatives from the Ministry of Public Security, the Cyberspace Administration of China, the Supreme People's Court, and the Supreme People's Procuratorate. The meeting pointed out that speculative activities involving virtual currencies have recently been on the rise, and related illegal and criminal activities have occurred from time to time. It reiterated that virtual currencies do not possess legal tender status. The meeting specifically highlighted that stablecoins, as a form of virtual currency, cannot effectively meet customer identification and anti-money laundering requirements, posing risks of being used for money laundering and illegal cross-border fund transfers. All departments will continue to uphold prohibitive policies on virtual currencies and crack down on related illegal financial activities.

[‘1011 Insider Whale’ Opens 5x ETH Short Position with $15 Million Position] On November 29, according to Hyperinsight monitoring, ‘1011 Insider Whale’ opened a new 5x ETH short position with a position size of $15 million (5,000 ETH), entry price at $3,001.81, and liquidation price at $5,056.