An investor used 5x leverage to bet on ZEC with $2.19 million USDC on the HyperLiquid platform over three days. The position's value surged to $15 million, with unrealized gains of $2.4 million. This move demonstrates high risk and high reward, while also highlighting the importance of risk management for investors.

U.S. Bitcoin spot ETFs experienced net outflows for the sixth consecutive day, with $137 million flowing out yesterday. BlackRock's IBIT saw withdrawals of $375.5 million, while Fidelity's FBTC and ARK's B saw net inflows of $113.3 million and $82.9 million, respectively. Market sentiment is cooling, and institutional fund movements are drawing attention.

On November 6th, the U.S. Supreme Court heard a pivotal case—whether it was lawful for Trump to impose tariffs using the International Emergency Economic Powers Act back then. Several conservative justices took turns questioning, clearly skeptical of the government's arguments. This signals that the judiciary might be setting clearer boundaries on the president’s trade powers.
The White House and Treasury Department remain relatively calm, publicly stating they trust the court will make the right decision. However, businesses have already started preparing for the worst, as the case could take months to resolve. Interestingly, even if the court rules against the government, Trump could potentially leverage other legal provisions to continue exerting pressure, meaning trade tensions are unlikely to ease in the short term.
If the current tariffs are overturned, the overall U.S. tariff rate could drop to around 6.5%, reducing the drag on GDP to about 0.6%. That sounds like a positive development, but the issue is...

Yei Finance, the lending protocol on Sei, states that funds are secure and users can withdraw at any time. The main pool has had 8.6 million USDC borrowed, with sfastUSD as collateral. The team has committed to repaying the debt to ensure depositors can withdraw smoothly. However, the withdrawal function is temporarily paused, and an update on when it will be restored will be announced later.

[Crypto World] Market Update for November 6: XRP performed well today, breaking above $2.402 with a 5.5% increase for the day. This rally has eased some holders' nerves and signaled a clear improvement in market sentiment. In the short term, this gain is notable amid the current sideways trading. We'll keep an eye on whether XRP can maintain this price level moving forward.

Immunefi will launch its IMU token sale on November 12th, with a price of $0.01337 per token, lasting for one week. The total issuance will be 374 million tokens, accounting for 3.74% of the total supply. The tokens will be fully unlocked. Payments can be made using USDT and USDC. The minimum participation threshold is $100. The project emphasizes on-chain security protection.

Data from decentralized derivatives platforms shows that whale-level accounts hold a total position of $5.88 billion. Market sentiment is bearish, with short positions currently showing an unrealized profit of $166 million. Meanwhile, large whale addresses are fully shorting ETH at high prices, with unrealized losses exceeding $6.25 million, indicating a pessimistic outlook on Ethereum's short-term price movement.

【币界】英国和日本最近都在释放监管松绑的信号。英国那边,FCA明确表示要把精力集中在那些非系统性的稳定币上;日本更直接,正在考虑给加密货币收益减税。
但PEPE并没有因此起飞。价格在0.0000058到0.0000060美元这个窄区间里反复横跳,24小时内还是跌了19%。整个市场都在承压,交易者们也收敛了,杠杆用得少多了。
有意思的是链上动态。某个大户手里攥着ASTER,账面浮盈2100万美元;而赵长鹏那边,把PEPE的空单给平了。一个在囤货等涨,一个在止损离场——模因币市场的分歧,就这么直白地摆在台面上。

[Blockchain Rhythm] A leading trading platform just reported impressive quarterly results—its Q3 2025 financials show that the cryptocurrency segment has taken off, with revenue soaring 300% to $268 million.
Overall revenue also remained solid: total revenue hit $1.27 billion, surpassing Wall Street analysts’ expectations of $1.19 billion. Earnings per share came in at $0.61, beating the market estimate of $0.53.
What does this data indicate? The enthusiasm for the crypto market is definitely picking up again, and traditional financial institutions’ strategies to bet on Web3 are starting to pay off. Of course, whether this explosive growth can be sustained remains to be seen, but for now, crypto operations have become an unstoppable growth engine for these platforms.

U.S. Treasury Secretary Yellen is confident about the Supreme Court case regarding tariffs, but conflicting statements from Trump and his legal team about the purpose of the tariffs have raised concerns. Yellen views tariffs as a measure to protect domestic industries, while the market remains uncertain about their long-term impact, posing challenges to global capital flows.

Multi-signature technology uses encryption methods to verify the proper safekeeping of assets in real-time, reducing counterparty risk and driving a transformation in custody models. Although Ethereum's price has rebounded, the overall crypto market still appears uncertain and urgently needs support through practical value.

Since its launch in April, USD1 has reached a circulation of $2.91 billion and has begun collaborating with Bonk and Raydium within the Solana ecosystem, aiming to compete for a share of the USDC market. Although growth has been rapid, to establish a foothold on Solana, it needs to expand its use cases and deepen trading activity.

[Crypto World] Federal Reserve Board Member Milan’s latest comments are worth noting — he believes that further rate cuts remain a reasonable option. In his view, the current monetary policy is still too tight, and this restrictive stance itself carries risks.
This statement is quite interesting. The market has been speculating about the Fed’s next move, and Milan’s remarks somewhat reveal some internal thoughts: tightening policies too much could harm the economy, and easing further might be a safer path. For the crypto market, rate cuts typically mean improved liquidity, which benefits risk assets. Of course, the final decision will still depend on overall data and the attitudes of other voting members.

[Crypto World] SOL's recent price movement is quite interesting. It just rebounded and broke above the $160 USDT mark, currently trading at $160.03 USDT. Notably, the 24-hour decline has narrowed to 1.97%, indicating selling pressure may be weakening. Whether this price level can hold steady will depend on the upcoming trading volume.

[Crypto World] Recently, Maxwell Stein from BlackRock made an interesting statement at Ripple Swell 2025 — the market is now ready to embrace more cryptocurrencies. This isn’t just idle talk. Institutional players are starting to take digital assets seriously, rather than treating them as “niche toys.”
Even more exciting: trillions of dollars in traditional assets are lining up to go on-chain. Imagine what will happen when this capital actually flows in. Liquidity will surge, and DeFi protocols and tokenized markets are likely to experience a new wave of explosive growth.
This movement is essentially redefining the rules of the game. The traditional financial system and decentralized finance are accelerating their collision and integration. Those who can seize this window of opportunity will position themselves favorably in the new landscape. The underlying logic of global finance might really be about to change.

The "Quantum Doomsday Clock" model predicts that quantum computers will breach Bitcoin's private key defenses by March 8, 2028. Researchers point out that by the end of 2027, quantum processors will reach a critical technological threshold, potentially rendering current encryption methods ineffective. Crypto analysts warn that the industry needs to quickly upgrade to quantum-resistant encryption solutions to avoid systemic risks in the $2.5 trillion market.