Odaily Planet Daily reports that, according to market sources, Astar Network's core developer, Startale Labs, plans to launch a stablecoin called "Startale USD."

Foresight News reports that Hourglass announced, "Due to unusually high website traffic, access to the Hourglass website is temporarily affected. Deposits made directly through Etherscan or via programs will not qualify for the stablecoin pre-deposit promotion. These deposits can be withdrawn using the redeemNonKYC function on Etherscan. The minimum deposit period for $100,000 will be extended by at least one hour—please be patient as we work to restore the website."

The market experienced significant fluctuations, with KNC rising by 5.22% and OXT by 18.51%. Meanwhile, several other cryptocurrencies like FARM and MINA saw declines, with larger drops, indicating mixed market performance.

The Ethereum Foundation announced the Fusaka upgrade, scheduled to activate on December 3, 2025. The upgrade primarily introduces PeerDAS to enhance blob throughput, while also optimizing the execution layer and consensus layer to improve Layer 1 performance and user experience.

On November 6, PANews reported that blockchain projects including Solana, Fireblocks, Monad, and Polygon are collaborating to establish a universal framework for cross-chain payments. The newly formed Blockchain Payment Consortium (BPC) aims to "define a common framework based on the convenience and data requirements of traditional payments to enhance the cross-chain transaction experience of stablecoins." The BPC's mission statement includes addressing the challenges faced when converting between traditional payments and blockchain payments. Currently, members of BPC include the Stellar Development Foundation, TON Foundation, Solana Foundation, Monad Foundation, Fireblocks, and Polygon.

Cryptocurrency trading app Fomo completes $17 million Series A funding, bringing total funding to $19 million and attracting investments from several industry leaders. The platform supports cross-chain trading, charges a 0.5% transaction fee, and offers gas fee exemptions, while also integrating social features.

Gold Financial reports that Ark Invest founder Cathie Wood discussed the fate of Tesla CEO Elon Musk's $1 trillion compensation plan and the recent decline in Bitcoin prices during an interview on CNBC's "Squawk Box." During the interview, she adjusted her previous Bitcoin price outlook, citing concerns that stablecoins might capture some market share, leading her to become less bullish on Bitcoin. Prior to this, she had been one of the prominent industry advocates predicting a bullish outlook for Bitcoin.

BlockBeats reports that on November 6th, Morpho co-founder Merlin Egalite issued a statement addressing the issue of "insufficient liquidity" in some liquidity pools. He explained, "When the market is under pressure, people tend to reduce risk, which often leads many lenders to attempt to withdraw all their funds at once. This causes capital utilization to rise and liquidity to decrease, and in extreme cases, there may be no available liquidity in the short term. This is not a system vulnerability but a natural response mechanism of the lending pools under stress. To restore balance, the interest rate model automatically increases borrowing rates. Taking Morpho as an example, its target utilization rate is 90%, meaning that under normal circumstances, about 90% of the deposited funds are lent out. When utilization surges to 100%, the interest rate increases fourfold. In most cases, market interest rates typically recover within a few minutes."

Odaily星球日报讯 美联储古尔斯比表示，可能不愿继续降息周期，提前降息让我更加不安。（金十）

Web3 Asset Data Platform RootData Launches First Centralized Exchange Listing Application, Aiming to Improve Exchange Transparency, Promote Key Project Disclosures, and Help Investors Make Informed Decisions. The ranking will be scored based on two dimensions: liquidity and asset value. Specific metrics include liquidity, transparency, and more. The final list will be announced at the December forum.

Bitfinex reports show that over the past two days, Bitcoin long positions were liquidated by $2.8 billion. The price dropped below October's low to $99,045, reducing market capitalization by $280 billion. Deleveraging is linked to market risk aversion, with buyers entering at key support levels. Open interest has fallen to $69.3 billion, indicating an optimistic outlook.

Gate News bot message: Gate market display shows BTC has fallen below 101,000 USDT, current price is 100,998 USDT.

PANews reported on November 6 that Vast Data, a company invested in by NVIDIA (NVDA.O), has signed a $1.17 billion AI collaboration agreement with CoreWeave.

Odaily Planet Daily reports that sources have revealed Google is currently in preliminary discussions to significantly increase its investment in AI startup Anthropic. Media outlets suggest that after a new funding round, Anthropic's valuation could exceed $350 billion. The sources added that this potential new agreement is still under negotiation and could take various forms, including a priced funding round early next year, issuing convertible bonds, or strategic investments—such as Google providing more cloud computing services to Anthropic. A few weeks ago, the two companies announced an agreement under which Google would supply up to 1 million dedicated AI chips to the emerging AI company Anthropic PBC. This arrangement provides Anthropic with more powerful computing resources and further solidifies Google's leading position in the AI space.

金十数据11月6日讯，周大生公告，持股0.0466%的高级管理人员许金卓计划以集中竞价方式减持本公司股份合计不超过12.66万股，拟减持股份比例不超过公司总股本的0.0117%。

Gate News bot message, trader Machi (@machibigbrother) experienced another partial liquidation on their 25x leveraged ETH long position during a sudden market decline. According to Onchain Lens, Machi had previously deposited $275K USDC into HyperLiquid to establish the leveraged position. The trad

The Bank of England kept interest rates unchanged at 4%, a decision that caught the market off guard. The voting was nearly evenly split, with Bailey's stance being a key factor. Policymakers are awaiting more data, and the autumn budget will influence the pace of future policy adjustments.

Odaily Planet Daily reports that, according to official sources, the first project launching on Gate Web3 Launchpad is BOB (BOB). The subscription will be open from November 10, 2025, at 20:00 to November 14, 2025, at 01:00 (UTC+8). Participants can subscribe using USDT on the BNB Smart Chain (BSC) network. The total amount available for subscription is 200,000,000 BOB tokens, with a subscription price of 1 BOB = 0.023 USDT. The maximum subscription per individual is 217,391 BOB.

Survey shows that the percentage of traditional hedge funds holding cryptocurrencies has increased from 47% in 2024 to 55%. Additionally, 71% of institutional investors plan to increase their cryptocurrency allocations in the future, mainly due to improved regulatory environments and the growing popularity of technological assets.

Odaily Planet Daily reports that Binance Futures has announced the launch of the Dollar-Cost Averaging (DCA) Bot, a recurring investment robot. Users can set predefined rules to manage losing positions using a DCA strategy. By adjusting parameters such as price deviation, order size multiplier, leverage, and stop-loss conditions, users can fully control how the bot executes trades.

Analyst Bernstein pointed out that with clearer regulations and increased institutional investment, the prediction market is transforming into an information-driven trading platform. Demand is surpassing politics and sports, expanding into the economic and financial sectors, which is driving global liquidity and mainstream adoption.

Gate News bot message: Gate market data shows BTC has fallen below 102,000 USDT, currently priced at 101,961.2 USDT.

Jin10 Data, November 6th: Shangwei New Materials announced that Zhiyuan Hengyue has fulfilled its obligations in accordance with regulations. The tender offer and the transfer procedures for liquidation have been completed. Zhiyuan Hengyue holds 236 million shares of Shangwei New Materials, accounting for 58.6232% of the company's total share capital. Together with its concerted actors, Zhiyuan Hengyue owns a total of 257 million shares, representing 63.6232% of the company's total share capital.

Decentralized stablecoin protocol Lista DAO has expressed concern over the high borrowing rates for USDT and USD1 vaults at MEV Capital and Re7 Labs, urging both parties to act responsibly and communicate transparently. PancakeSwap also takes this matter seriously and is monitoring the situation.

金色财经报道，爱尔兰央行：Coinbase 欧洲公司因交易监控系统存在缺陷被处以罚款。

A user, "machismallbrother.eth," deposited $1 million USDC into Hyperliquid and opened a 10x long position valued at approximately $9.8 million. Currently, they are showing a profit of over $8.9 million.