According to The Data Nerd, as reported by Odaily, approximately 9 hours ago, two newly created wallets withdrew a total of 95,700 LINK tokens (approximately $1.58 million) from Binance. Over the past four days, these two wallets have cumulatively withdrawn approximately 234,000 LINK tokens, worth approximately $3.82 million.

Odaily Planet Daily reports that Startale Group and Sony Block Solutions Labs have announced a collaboration to launch the Startale App , a super application designed to serve as the primary gateway to the Soneium ecosystem, providing users with early access to TGE, airdrops, and on-chain rewards.

The Soneium ecosystem reportedly boasts over 5.1 million active addresses and has completed over 380 million transactions, with daily transaction volume recently reaching 4.4 million. The Startale App utilizes Account Abstraction technology to eliminate traditional Web3 barriers such as mnemonic phrases and gas fees, providing a seamless Web2-like experience.

According to crypto analyst Ai Yi (@ai_9684xtpa), as reported by Odaily Planet Daily, "Brother Machi" currently holds two long positions in ETH and UNI, with a total position value of approximately $23.17 million. The ETH long position has a floating profit of approximately $578,000, while the UNI long position has a floating loss of approximately $532,000, resulting in an overall small profit of only about $46,000. Data shows that the average opening price for his UNI long position was $9.73, which briefly rose to $10.30 before falling back by nearly 20%.

Odaily reports that Binance announced that its Alpha platform will launch Allora (ALLO) trading on November 11th at 19:00 (UTC+8). During the event, users holding at least 220 Alpha Credits can receive a 50 ALLO airdrop on a first-come, first-served basis; if the reward pool is not fully distributed, the claim threshold will automatically decrease by 5 Credits every 5 minutes.

Users need to spend 15 Alpha points to complete the claim and must confirm on the event page within 24 hours, otherwise they will be deemed to have given up the airdrop.

According to Odaily Planet Daily, Christopher Jensen, Head of Digital Asset Research at Franklin Templeton, stated in an interview with Binance's Jessica Walker that institutional entry is accelerating across the board, and 2025 will be a turning point for the integration of traditional finance and blockchain.

Jensen points out that stablecoins are the first "killer app" in the crypto space to achieve large-scale deployment, not only driving innovation in payment systems but also becoming the base currency pair for all tokenized assets. Institutional confidence is rapidly increasing as regulatory developments (such as the GENIUS Act) progress.

He also stated that tokenization is reshaping the financial and asset landscape, and in the future, investors' wallets will simultaneously hold diverse assets such as US Treasury bonds, stablecoins, NFTs, and tokenized real estate, forming a complete on-chain portfolio. He believes, "This time, institutional entry is genuine, and the market is moving from the experimental stage to a structural adoption stage."

According to OnchainLens monitoring, a whale deposited 500 BTC that it had held for four months back into the Gate database. The current value of the BTC is approximately $51.08 million, representing a loss of approximately $8.32 million from the initial withdrawal of $59.4 million.

According to Odaily Planet Daily, Dan Romero, co-founder of the decentralized social protocol Farcaster, stated that the Farcaster wallet and its Meme coin issuance platform Clanker will simultaneously support the Monad network on the first day of the Monad mainnet launch.

Odaily Planet Daily reports that Orama Labs, the DeSci & AI asset issuance protocol, today announced the burning of its governance token PYTHIA. A total of 215,310 PYTHIA were burned, marking the official launch of its deflationary mechanism.

Concurrently with this token burning, Orama Labs' first ecosystem project, ZENO, was successfully launched. According to the previously announced Tokenomics, the platform will directly return 50% of its transaction fee revenue to project creators to continuously support the development of ecosystem projects, while the remainder will be used to promote value-enabling measures, including buybacks and burning.

According to Lookonchain, Matrixport recently withdrew 872 BTC from Binance, worth approximately $91.68 million.

According to Odaily Planet Daily, based on monitoring by on-chain data analyst Yu Jin, a "whale that previously borrowed to short ETH" has recently been covering its positions and shifting to a long position. Today, it borrowed 190 million USDT from Aave and transferred it to Binance, subsequently withdrawing 75,418 ETH (approximately $269 million).

Over the past week, this address has transferred a total of 892 million USDT to Binance and withdrawn a total of 266,895 ETH, with an average purchase price of approximately $3,402.

Odaily Planet Daily reports that Kingnet AI's official Twitter account announced a major update, including: the upcoming release of version V3, the BNB Chain cross-chain migration plan, the KingnetFun project launch platform, a contributor program, and incentives for game preset designers.

Kingnet AI is an AI-gaming no-code game creation platform developed by the SmileCobra Studio team. It provides a visual AI creation engine that allows anyone, regardless of their technical background, to easily build Web3 games, aiming to revolutionize the way games are created.

According to an analysis by 10x Research, the DeFi cycle may have already begun in its early stages by 2026. As the US regulatory environment becomes clearer, billions of dollars in stablecoins are flowing back into the Ethereum ecosystem, but market prices have not yet fully reflected this change.

Data shows that capital is in an accumulation phase rather than a speculative phase, which is usually a harbinger of a new cycle. Since Trump's election, the issuance of stablecoins on Ethereum has surged by $48 billion, far exceeding Tron's $15.8 billion increase.

The report points out that indicators based on user transaction volume and TVL valuation models show that the market is entering a preparatory stage for a new phase of DeFi.

Odaily Planet Daily reports that KX announced the launch of Allora (ALLO) on November 11th, along with the opening of related features:

Deposit time: 15:30 on the same day (UTC+8);

Call auction period: 20:00–21:00 (UTC+8);

ALLO/USDT spot trading opening time: 21:00 (UTC+8);

Withdrawal time: 12:00 (UTC+8).

According to official documents released by Coinbase regarding the Monad ICO, this offering is the first case in which a major institution has fully disclosed the list of market makers, the amount of funds raised, and the execution period.

The document states that Monad issuer MF Services (BVI) Ltd. has signed token lending agreements with five market makers, including: CyantArb (50 million MON, 1 month), Auros (30 million MON, 1 month), Galaxy (30 million MON, 1 month), GSR (30 million MON, 1 month), and Wintermute (20 million MON, 1 year).

The short-term agreement can be renewed monthly, and the third-party monitoring agency Coinwatch will be responsible for verifying the token usage and idle balance of the aforementioned market-making accounts.

In addition, MF Services plans to use up to 0.20% of the initial MON supply to provide initial liquidity support to some decentralized exchanges, in order to improve the tradability and market stability of the token in the early stages of its listing. This measure is included in the "Ecosystem Development" allocation and is a short-term liquidity injection, and it still bears the risk of DeFi market volatility.

According to Odaily, Argentine Judge Marcelo Giorgi has ordered the freezing of assets related to the Memecoin LIBRA scandal, which is backed by President Milei, and has imposed an indefinite asset freeze on the property and financial accounts of Hayden Davis and two cryptocurrency practitioners—Argentine Orlando Mellino and Colombian Favio Rodriguez.

Federal prosecutor Eduardo Taino filed the application and received technical support from the Financial Investigation and Illicit Asset Recovery Agency. The report indicated abnormal transactions in the three individuals' cryptocurrency wallets, potentially resulting in investor losses of $100 million to $120 million. The court deemed the case met the criteria of "reasonable suspicion and potential risk," granting a freeze order and requiring the National Securities and Exchange Commission to extend the measures to all related platforms within the country.

Furthermore, the investigation found that 42 minutes after Milei posted a tweet with a photo of herself with Davis, Davis transferred $507,500 through Bitget, and prosecutors are investigating whether this constitutes indirect bribery. (cryptopolitan)

Odaily Planet Daily reports that Standard Chartered Bank has announced a partnership with Singapore-based card issuer DCS Card Centre, becoming its primary banking partner for the DeCard stablecoin credit card product. This card allows users to make direct stablecoin payments for everyday spending, with Standard Chartered handling transaction settlement and reconciliation.

DeCard will reportedly launch first in Singapore, with plans to expand to other major markets in the future. Standard Chartered Bank will provide virtual accounts and API interface services for the product, enabling instant transaction identification and settlement, thereby promoting the integration of stablecoin assets with traditional payment systems. (CoinDesk)