Hotspot Review - November 28

▰ The nomination of the Federal Reserve Chairman has entered its final stage, with the probability of betting on Kevin Hassett on the prediction market Polymarket at 56%. He holds millions of dollars in Coinbase stock and has served as an advisor to Coinbase, being cryptocurrency-friendly; the market generally expects that his appointment will promote a more aggressive interest rate cut policy.

▰ The Kraken Launch platform launched in collaboration with Legion typically opens new projects simultaneously on Legion and Kraken Launch, ultimately funneling through Kraken Spot. The first Kraken Launch project was YB, a project by the founder of Curve, which later also appeared on Binance Wallet Pre-TGE. Today, the second Kraken Launch project was announced: the Base ecological sports prediction project @footballdotfun, with no specific details provided yet, possibly similar to the last time, it may also go on Binance Pre-TGE.

▰ MegaETH deposits will all be refunded, as the co-founder reflects on issues such as insufficient preparation for the event plan and chaotic execution. Another deposit event will be conducted before the mainnet goes live.

▰ On November 17, Yala's stablecoin YU depegged; as of the time of writing, YU's price has not yet returned to the peg, quoted at $0.38. Today it announced a shift towards AI-driven intelligent prediction… This only indicates that the prediction market is indeed hot, and everyone wants to jump in.

▰ Major cryptocurrency exchanges are donating to support the fire rescue efforts in Tai Po, Hong Kong.

In closing, I wish everyone great wealth!