According to market sources, CME Group has suspended commodity futures trading, including cryptocurrency futures trading such as Bitcoin, Ethereum, and Solana.

Odaily Planet Daily reports that Switzerland has postponed the implementation of its rules for automatically exchanging cryptocurrency account information with overseas tax authorities until 2027, and is still deciding which countries to share data with. The Swiss Federal Council and the State Secretariat for International Finance stated on Wednesday that the Crypto Asset Reporting Framework (CARF) rules will still be enshrined in law as originally planned on January 1, 2026, but will not be implemented for at least another year. The department added that the Swiss government's tax committee has "suspended its consideration of which partner countries Switzerland intends to exchange data with under CARF," which is the reason for the postponement. The government announcement also highlighted a series of revisions to the local cryptocurrency tax reporting law, as well as transitional provisions designed to "facilitate" domestic cryptocurrency companies' compliance with CARF rules. (Cointelegraph)

Odaily Planet Daily reports that Switzerland has postponed the implementation of its rules for automatically exchanging cryptocurrency account information with overseas tax authorities until 2027, and is still deciding which countries to share data with. The Swiss Federal Council and the State Secretariat for International Finance stated on Wednesday that the Crypto Asset Reporting Framework (CARF) rules will still be enshrined in law as originally planned on January 1, 2026, but will not be implemented for at least another year. The department added that the Swiss government's tax committee has "suspended its consideration of which partner countries Switzerland intends to exchange data with under CARF," which is the reason for the postponement. The government announcement also highlighted a series of revisions to the local cryptocurrency tax reporting law, as well as transitional provisions designed to "facilitate" domestic cryptocurrency companies' compliance with CARF rules. (Cointelegraph)

Huoxun Finance News, November 28th - BitMEX co-founder Arthur Hayes published an article today titled "Survival of the Fittest: How Perpetual Contracts Are Disrupting the Traditional Financial Landscape." The article points out that traditional finance (TradFi) is desperately trying to maintain its dominance in stock trading. It will be very interesting to observe how they respond to the rapid market acceptance of stock index perpetual contracts. The first perpetual contract area to dominate the market will be offshore trading of US stock price risk. US stocks, and all stocks, will eventually be tokenized. However, stock index perpetual contracts do not rely on stock tokenization to succeed. Stock perpetual contracts already have mature infrastructure that allows for rapid scaling. Currently, the daily trading volume of stock index perpetual contracts exceeds $100 million. As traders and market makers become familiar with the contract specifications, the trading volume will soon reach billions of dollars daily. Considering the frequent sudden global announcements after the TradeFi market closes every Friday, stock index perpetual contracts will become a tool for institutional and retail traders to hedge risk over the weekend. This will force major US securities trading platforms to achieve 24/7 trading faster than originally planned. It predicts that by the end of 2026, price discovery for the largest US tech stocks and major stock indices (such as the S&P 500 and Nasdaq 100) will occur in the perpetual contract market, which is geared towards retail investors. The market landscape will significantly change when financial media prioritizes S&P 500 perpetual contract quotes over the CME's Globex version. Furthermore, it states that the next wave of cryptocurrency exchange billionaires will emerge from the intersection of perpetual contracts and stocks.

According to OnchainLens monitoring, as the price of ZEC fell, a whale's long position in ZEC was completely liquidated, resulting in a loss of $1.59 million. This whale had a total loss of $2.39 million across multiple positions, and currently only has $24,000 remaining.