[Block Rhythm] ZKsync founder Alex recently put forward a major proposal - "ZK Token Proposal Part I", aiming to perform major surgery on the ZK token.
The most fundamental change? From now on, all the money earned from the network will be used to buy back ZK and then destroy it. This means that ZK is no longer just a voting tool, but is actually going to capture the value of the network.
Where does the income come from? Various fees generated by the operation of the network—this money will enter a governance-controlled pool, which will then be distributed in three directions: to buy back and burn ZK, to reward stakers, and for ecological construction funds.
Alex's calculation is quite clear: bind the token price to the network usage; the more it is used, the more aggressive the buyback and burn, and the less the supply. If this approach works, ZKsync can form a self-reinforcing economic cycle—user growth drives value increase, and value increase...

Since launching its staking in June, publicly traded company SharpLink has accumulated rewards of 6,575 ETH, demonstrating the ability of traditional enterprises to utilize on-chain earnings. This strategy of using encryption assets as income-generating tools could become the new normal for more publicly traded companies in the future.

[Block Rhythm] In early November, there was new activity as the lawyer team of the former encryption exchange leader began to make a strong push for an appeal. This time, they launched a full-scale attack, directly pointing out issues with the original trial procedure—claiming media hype, prosecution pressure, and that the presiding judge Lewis Kaplan was too eager to reach a conclusion, resulting in a flawed verdict.
The lawyers are now requesting to change the judge for a retrial, with the core argument being quite straightforward: their boss never intended to defraud the clients' money and has always believed that the users' funds could be fully repaid. More importantly, the defense believes that Judge Kaplan did not allow them to present a crucial piece of evidence to the jury—that the exchange actually had sufficient assets to cover the users' money. This information was blocked, and the defense feels it was very unfair.
Interestingly, in addition to pursuing legal proceedings, sources reveal that his parents are also privately working on another avenue this year: seeking a pardon from the current president. Whether this tactic will succeed remains uncertain.

The AEON payment protocol has launched the second version of the x402 SDK on the BNB Chain, addressing the payment collection and distribution issues for AI agents and API services. Developers can use the SDK and documentation to create automated payment applications, covering payment requests, authorization verification, and on-chain settlement, helping AI-driven service teams simplify the adaptation process.

[Chain News] The market has been persistently sluggish recently, and the Liquidity of many stablecoins is shrinking. Projects like XUSD may be facing significant de-pegging pressure. Prices keep falling, the pools are getting shallower, and if we're not careful, one day we might encounter a situation where liabilities exceed assets. There are likely many similar hidden dangers, so everyone should really stay vigilant when holding stablecoins and not let their guard down just because they appear stable on the surface.

[Coin World] Just captured a large order of BCH! A certain wallet address swept 4489.92 BCH at a price level of 505 USD, totaling 2.26 million U. The timing of this operation is quite subtle; it's unclear whether it's a Build a Position or a shift in positions.

【币界】Hyperscale Data has just submitted a report card - Bitcoin reserves have reached the threshold of 73.5 million dollars.
What does this number mean? It means that 61% of the company's market value is tied up in BTC and cash to be allocated. Specifically, their subsidiary Sentinum holds 234.7157 Bitcoins, which is worth 26 million dollars at market price. In addition, there is also 47.5 million dollars in cash sitting in the accounts, specifically reserved for continued purchases.
The operation idea is quite clear: the dollar-cost averaging strategy is in motion.
The dollar-cost averaging method, to put it simply, means not chasing highs or bottom fishing, but smoothing out fluctuations and accumulating slowly. The ultimate goal? Aiming for a digital asset reserve pool of 100 million USD.
This kind of gameplay is becoming increasingly common among enterprise-level players - using Bitcoin as a strategic reserve asset for allocation, rather than a short-term speculative target. After all, there is volatility, but the long-term holding is...

The two founders of the privacy wallet Samourai Wallet, Keonne Rodriguez and William Lonergan Hill, are in big trouble. The U.S. prosecution has directly demanded sentences of 5 years each — that's right, actual imprisonment.
There were actually signs early on. These two pleaded guilty in July, admitting to the long-term operation of an unregistered cryptocurrency mixing service. The ledger provided by the prosecution is even harsher: they assisted in laundering at least $237 million. Where did the money come from? Drug trafficking, dark web markets, hacking attacks, illegal content platforms... basically, they covered all the sources of criminal proceeds.
The verdicts will be pronounced separately this week. This case serves as a wake-up call for the entire privacy wallet sector - operating under the banner of privacy protection, but crossing the regulatory red line in its business model, it will eventually have to pay the price.

[Block Rhythm] recently noticed an interesting phenomenon - the Giggle Academy project has undergone a journey of a 180-degree attitude turn.
Initially, the project team ignored the community, but later began to accept spontaneous transaction fee donations from the community. Then, a leading exchange officially announced that it would invest transaction fees into the Giggle token support plan. Now, it has further introduced a donation and destruction mechanism. What does this mean? The supply of Giggle tokens will continue to decrease, officially entering a deflationary cycle.
This transformation is quite thought-provoking. From the unilateral enthusiasm output of the community to the formation of a positive interaction between the project side and supporters, charity and business have found a certain balance here.
Ultimately, no one in the public blockchain space dares to claim they have the ultimate answer. Meme coins supported purely by community sentiment can't go too far; VC projects with sky-high funding may not necessarily succeed.

[Coin World] Just captured a large transaction action of ETH.
Transaction Details:
• Transaction Price: 3491.69 USDT
• Trading Volume: 700 ETH
• Total Value: 2,444,000 USDT
A single transaction of this magnitude is still quite noteworthy in the current market environment. It could be institutions adjusting their positions or large holders laying out their strategies. The occurrence of such a volume of trades in ETH at this price level may lead to some fluctuations in market sentiment and short-term trends.

[币界] The official Aster just issued an important reminder: The third phase of Dawn is about to wrap up, and the deadline is November 9 at 23:59 (UTC).
The fourth phase airdrop is just around the corner! This will last for a full 6 weeks, running until December 21st at 23:59 UTC. Key point - the project team is allocating 1.5% of the total supply of tokens to S4, evenly distributed across 6 periods. In each epoch, users can grab a 0.25% share, with equal opportunities.
The timing is quite tight, so friends who want to participate should keep an eye on the calendar and not miss the window period.

The mysterious Whale, claiming a "100% win rate", has new actions.
On November 4th, on-chain data shows that this address just purchased 2,196 ETH at an average price of $3,497, while also acquiring 78,724 SOL at a cost price of $159.4. However, this operation carries significant risk - the liquidation line for ETH long positions is at $3,348, and for SOL, it is at $151.6, so any slight misstep could lead to liquidation.
Interestingly, just an hour before increasing his position, this guy had just closed a short position of 30,678 SOL worth about 4.79 million dollars, and as a result, he directly lost 1.265 million dollars in this wave.
It seems that the myth of "winning a hundred battles without losing" is starting to show cracks. Whether this wave of long positions can turn the tide will be answered by the market.

Arthur Hayes pointed out that the U.S. Treasury and the Fed are quietly conducting quantitative easing by leveraging through hedge funds and repurchase agreements to buy U.S. Treasuries. He believes that the expansion of the Fed's balance sheet will drive the price of Bitcoin up, but warns that liquidity may tighten temporarily during Treasury auctions, suggesting that investors be patient and wait.

The Fed announced the halt of balance sheet reduction and a decrease in the interest rate to 3.75%-4.0%, marking the end of quantitative tightening. As bank reserves approach the bottom line, signs of liquidity tightening are emerging, which may lead to market reactions. Risk assets are expected to benefit, but attention must still be paid to CPI data and employment reports in the future.

[Coin World] BTC is being pulled back and forth around the $108,000 mark. Don't make any rash moves before it holds above $118,000. This thing can shake three times with just a gust of policy wind; it's better to watch the show for the short-term. Really want to buy the dip? The $70,000 area can be considered—provided you can withstand the pullback.
Last week, BTC spot ETF was slammed by 800 million USD, and funds are fleeing. On the ETH side, there was a small inflow, but the coin price is weak, significantly lagging behind BTC over the past two weeks, lingering around 3900. The options market is bearish, and there is a large amount of on-chain positions underwater, but institutions are still secretly accumulating—this signal is somewhat interesting.
Altcoins? Don't mention it, they're all in a slump. Most have fallen below the lows of October and November last year, and now they're just waiting for BTC to give a clear direction before they dare to move.
The macro environment is actually not that scary, and there is currently no systemic collapse risk. The PMI has shrunk for eight consecutive months, now at 48.7; the supplier index is 54.

【Coin World】The 4-hour trend of SOL is quite interesting. The price has climbed up from a low of 166.06. Although the overall pattern is still a fluctuating downward trend, it finally closed with a Bullish line, which gives a bit of hope.
From a technical perspective, several signals can be observed: the MACD histogram is still below the zero line, but it is clearly narrowing, indicating that bulls are gradually accumulating strength. The KDJ has dropped directly to the oversold area at 6, and the RSI has also fallen below 30—these extreme values often suggest that a rebound window is approaching. However, trading volume has shrunk significantly, and the simultaneous decline in volume and price indicates that the market is currently quite quiet, lacking the driving force of main funds.
If you want to make a layout, you can consider entering in batches in the range of 165-166, with a stop loss set below 165.23. First, look at the resistance at the previous high of 191.85 above, with an ultimate target near 196. Of course, if the support at 165 is broken, this logic will become invalid.
This position now belongs to the left trading zone, bold.

[Coin World] Yesterday, the US Spot SOL ETF attracted funds again, with a net inflow of 70.1 million USD in a single day. The rhythm of this fund inflow is quite stable, indicating that institutions' confidence in the Solana ecosystem is continuing to recover.

[Coin World] On November 4, news broke that a leading exchange will soon launch the MMT (Momentum) spot trading pair. This means that users will soon be able to trade this token directly on the platform, adding another trading option.

[Block Rhythm] After CZ publicly acquired AST, a large whale focused on this opportunity instead — two wallets linked to increase the position and shorting, with unrealized gains already soaring to 21 million dollars.
This player's positions are not just in ASTER. DOGE, ETH, XRP, and PEPE are all in his shorting list, and the amazing thing is that each one is making money. Accumulated on Hyperliquid, his total profit is already approaching the 100 million dollar mark.

[Block Rhythm] DCR's performance today is a bit exciting! On November 4th, it briefly surged to $70 during the session, then started to pull back. As of now, the price is fluctuating around $55.21, but the 24-hour rise is still dramatic—close to 199%. This surge is indeed rare; I'm not sure if it's a technical breakthrough or some news triggering it. Friends holding positions should remember to follow the pullback risk, as the fluctuations after such a big pump are often quite intense.