According to data from SoSoValue, the crypto market generally declined, with only the PayFi and CeFi sectors bucking the trend and rising by 0.79% and 0.52% respectively in the past 24 hours. Within the PayFi sector, Telcoin (TEL) continued its upward trend, rising another 10.72%, while Nano (XNO) rose 6.35%. In the CeFi sector, Aster (ASTER) rose 11.96%, and OKB (OKB) rose 2.30%. Meanwhile, Bitcoin (BTC) fell 0.14%, dropping below $95,000; Ethereum (ETH) fell 0.52%, falling to around $3,100.
In other sectors, Layer 1 fell 0.05% in the last 24 hours, with Zcash (ZEC) rising 4.40%; DeFi fell 0.49%, but Pendle (PENDLE) rose 5.14%. Meme fell 1.06%, with BUILDon (B) relatively strong, rising 3.92%; Layer 2 fell 1.51%, with Starknet (STRK) bucking the trend and rising 9.93%.
The crypto sector index, which reflects the historical performance of the sector, shows that ssiPayFi and ssiCeFi rose by 0.97% and 0.39% respectively, while ssiAI fell by 4.94%.
According to Onchain Lens monitoring, a newly created wallet has deposited $2.8 million USDC into HyperLiquid, bringing its total deposits to $5 million. It has also opened a 5x long position in STRK and a 10x long position in HYPE. Currently, the wallet has a floating profit of $2.4 million.
According to Odaily Planet Daily, on-chain data shows that the Yala stablecoin YU has significantly de-pegged, currently trading at $0.44 on the Ethereum mainnet and $0.368 on Solana.
Previously, it was reported that suspicious lending activities similar to USDX occurred in Yala's stablecoin YU over the weekend. Yala responded yesterday, stating that it was aware of the community's concerns about the stablecoin YU and was conducting an investigation.
According to Odaily Planet Daily, on-chain analyst Ai Yi reported that swing trader nemorino.eth (0x8Ae...70E0D) bought 4,943 ETH on November 6th at an average price of $3,452.65, worth $17.06 million. After holding the position for 12 days, the address sold 5,000 ETH at a price of $3,087.69 this morning, worth $15.43 million, resulting in a loss of $1.804 million.
1. The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 44.4%;
2. The cryptocurrency market saw widespread declines this morning, with the total market capitalization falling to $3.287 trillion, a 1.4% drop in the last 24 hours.
3. The largest short position in Hyperliquid ZEC has a floating loss of over $22.04 million;
4. "Brother Machi" had his ETH long position of 25x leveraged and was liquidated, resulting in a loss of $3.6 million. He then opened a long position again.
5. Japanese media: Japan is considering formulating new regulations for cryptocurrency;
6. CICC: The current gold bull market may not be over yet, and it is possible that it will break through $5,000 next year;
7. Tom Lee: Ethereum is starting a supercycle similar to Bitcoin's;
8. An Ethereum ICO address that had been dormant for over 10 years transferred out 200 ETH, resulting in a return on investment of 10,097 times;
9. Jia Yueting: QLGN will be renamed AIxCrypto before November 20th.
According to Lookonchain monitoring, an Ethereum ICO participant address (0x9a6...423) transferred out 200 ETH, worth $626,000, after being dormant for over 10 years. This address invested $310 during the ICO and received 1,000 ETH, currently worth $3.13 million, representing a return of 10,097 times.
According to Odaily Planet Daily, monitoring by on-chain analyst Ai Yi, the largest short address holding ZEC on Hyperliquid (0xd47...1A91) has suffered a floating loss exceeding $22.04 million. This address holds 60,870.43 ZEC short positions, with a current liquidation price of $1,112.45.
According to Odaily Planet Daily, CICC released its 2026 outlook, stating that from a historical perspective, the current gold bull market may not yet be over. The magnitude and duration of this bull market are still lower than the major bull cycles of the 1970s and 2000s. Considering current macroeconomic uncertainties, the long-term nature of global reserve structure adjustments, and the potential downside of the dollar cycle, we believe the gold bull market is not yet over. Unless the Federal Reserve completely ends its easing cycle or the US economy re-enters a strong recovery phase characterized by "declining inflation + rising growth," the medium-term upward trend for gold will remain intact. If the current trend continues, the possibility of gold prices breaking through $5,000/ounce next year cannot be ruled out. Although the bull market logic is clear, gold is indeed one of the most expensive asset classes currently, which may increase asset volatility. We recommend maintaining an overweight position in gold, but reducing chasing highs and lows, adopting a strategy of buying on dips and dollar-cost averaging, and focusing more on the long-term asset allocation value of gold. (Jinshi)
According to Odaily Planet Daily, Faraday Future founder Jia Yueting announced that QLGN, a US-listed company strategically invested in by Faraday Future (NASDAQ: FFAI), will be renamed AIxCrypto (AIXC) by November 20th, and a ceremony will be held to mark the name change and stock ticker change. Furthermore, all proposals from QLGN shareholders have been approved, making FF the controlling shareholder and a majority shareholder.
Odaily Planet Daily reports that Japan's economy contracted for the first time in six quarters, further complicating the timeline for the Bank of Japan's next interest rate hike. Preliminary government data released Monday showed that Japan's real GDP shrank by 0.4% quarter-on-quarter in the third quarter, the first contraction since the first quarter of 2024, and contracted by 1.8% year-on-year. The economic weakness may support the view that the Bank of Japan will wait until next year to take any policy action. Specifically, in the July-September quarter, external demand contributed 0.2 percentage points to the country's GDP decline, reflecting the impact of US tariff increases. Housing investment was another major drag, falling 9.4% from the previous quarter. Nevertheless, economists believe this decline is due to temporary factors related to regulatory changes and expect the market to recover. (Jinshi)
According to Onchain Lens, citing ZachXBT monitoring, a Cardano address that had been dormant for about 5 years exchanged 14.4 million ADA (worth $6.9 million) for 847,000 USDA, resulting in a loss of $6.05 million due to insufficient liquidity.
Odaily Planet Daily reports that the Nikkei 225 index has fallen below 50,000 points, down 0.78% on the day. (Jinshi)
According to Onchain Lens monitoring, during the market downturn, Machi's 25x leveraged long position in ETH was completely liquidated, resulting in a loss of $3.6 million. He subsequently reopened a long ETH position with 25x leverage.
According to a report by the Asahi Shimbun, Japan's Financial Services Agency (FSA) is considering enacting regulations to define cryptocurrencies as financial products subject to insider trading rules and to lower their profit tax rate. The report states that these regulations would apply to the 105 cryptocurrencies currently circulating in Japan, such as Bitcoin and Ethereum, and would require exchange service providers to disclose information such as price volatility risks. Under the new regulations, banks and insurance companies would be allowed to sell cryptocurrencies to depositors and insurance holders through their securities subsidiaries. Profits from cryptocurrency transactions would be subject to a 20% tax rate, the same as the tax rate for stock transactions, a significant reduction from the current maximum of 55%. Sources indicate that the FSA hopes to pass the legislation during next year's regular Diet session.
According to WhaleAlert monitoring, the USDC Treasury minted a total of 500 million USDC in two separate transactions on the Solana chain within the last 5 minutes.
