24H Trending Coins & News | $803 Million Liquidated Across the Network in the Past 4 Hours; Nvidia Board Launches Independent Investigation (November 9)
- Key Takeaways: A broad crypto market sell-off triggered $803 million in network-wide liquidations within 4 hours, with long positions accounting for over 90%; a Binance hack incident caused stablecoin reserves to plunge by roughly $9 billion, and the industry's political tailwinds are fading as it pivots toward bipartisan support.
- Key Elements:
- Among the top 10 CEXs by trading volume, only PEPE rose 3.53%, while ETH fell 4.87% and XRP dropped 4.51%; on-chain Meme coins PONS and STONK fell 10.09% and 34.50%, respectively.
- Within 4 hours, $744 million in long positions were liquidated, including $358 million in ETH and $233 million in BTC.
- Binance's BTC reserves fell to 673,700 and ETH reserves to 3.08 million, while stablecoin reserves dropped from $41 billion to $32 billion; HYPE and APT withdrawals have been restored.
- The probability of a 25 basis point Fed rate hike in December rose to 77%; at least 17 data center projects in the U.S. were halted in Q3, a new high since 2024.
- Strategy disclosed $4.79 billion in reserves and plans to raise approximately $431.8 million by selling Bitcoin in 2026; "Mr.1,000" increased holdings to 6,000 BTC.
- Russia's rule limiting retail purchases to 300,000 rubles per year takes effect on November 17; South Korea plans to set a single-shareholder stake cap of 15%-20%; Hong Kong's crypto asset reporting will be implemented starting in 2027.
- Vitalik said ETH burn valuation is not a true bottom and that RWA provides better external support; Tether plans to inject €28.8 million into Juventus.
Trending CEX Coins
Top 10 CEX Trading Volume and 24-Hour Price Change:
- BTC: -1.45%
- ETH: -4.87%
- SOL: -3.32%
- XRP: -4.51%
- ZEC: -2.63%
- NEAR: -2.83%
- BNB: -1.58%
- PEPE: +3.53%
- DOGE: -3.67%
- HYPE: -3.98%
24-Hour Gainers List (Data Source: OKX):
- PEPE: +3.59%
- ARB: +0.05%
- XAUT: -0.07%
- TRX: -0.23%
- BTC: -1.44%
- BNB: -1.57%
- ZEC: -2.54%
- NEAR: -2.78%
- XLM: -3.04%
- ADA: -3.19%
24-Hour Crypto Stock Gainers List (Data Source: msx.com):
- NIO: +163.13%
- INDI: +33.58%
- RDWU: +32.95%
- COHX: +28.87%
- LUNR: +22.39%
- IONQ: +22.02%
- ASPI: +20.35%
- VOYG: +17.95%
- AEHG: +17.86%
- SMR: +15.33%
Top 2 Trending On-Chain Meme Coins (Data Source: GMGN):
- PONS (Robinhood Chain) — A token launchpad token. Within this window, a DeFi researcher called out its recent sharp decline, warning against blindly buying the dip solely due to the price drop. Market cap: $110 million, 24-hour decline: 10.09%.
- STONK (Solana) — A token launchpad token on Solana, also called out alongside PONS, with discussion centering on platform-type tokens being unable to escape cyclical downturns. Market cap: $35.59 million, 24-hour decline: 34.50%.
Headlines
$803 Million Liquidated Across the Network in the Past 4 Hours, Long Positions Account for Over 90%
According to Coinglass data, $803 million was liquidated across the network in the past 4 hours, with $744 million in long positions and $59.7718 million in short positions. In addition, ETH saw $358 million in liquidations and BTC saw $233 million over the past 4 hours.
On November 8, the Nvidia board issued a statement saying that, in light of recent reports that company founder and CEO Jensen Huang had become a target of intelligence operations by foreign intelligence agencies, the board decided to launch an independent investigation. The investigation will be handled by a committee of independent directors, assisted by external independent legal counsel. The board said there is currently no reason to believe that U.S. national security or Nvidia confidential information has been compromised, but the investigation will review all available information. Huang has expressed support for the review and pledged to cooperate. In addition, according to Axios, in an email sent to company employees on Sunday, Huang admitted that he had been unfaithful to his wife and apologized to her, his family, and company employees. Huang said he takes full responsibility for the relevant conduct and hopes to regain his family's trust in the future. Meanwhile, John Rizzo, Nvidia's head of public policy communications, said the matter will not affect company operations, and Huang will continue to serve as CEO and lead the company as normal.
Binance Restores HYPE and APT Withdrawals; Stablecoin Reserves Drop by About $9 Billion
Binance restored HYPE and APT withdrawals on November 8, earlier than previously promised. Binance had said it would restore withdrawals for HYPE, APT, and other assets before the end of the following week, while other withdrawal channels still require security assessment. Cryptoquant data shows that around the hacking incident, Binance's BTC reserves fell from about 730,000 to 673,700, a decrease of about 56,000; ETH reserves fell from about 3.48 million to 3.08 million, a decrease of about 400,000. Ethereum-based stablecoin reserves fell from about $41 billion to about $32 billion, a decrease of about $9 billion, with the latest daily net inflow at about $27.9 million. Arkham data shows that Binance-labeled holdings are about $162.65 billion, covering about 68.5 million addresses, including about 696,184 BTC and 3.454 million ETH. Elliptic reported that the attackers converted about $174 million of stolen altcoins into another approximately 2,300 BTC. (Bitcoin.com News)
Industry News
Probability of a 25 Basis Point Fed Rate Hike in December Rises to 77%
The probability of a 25 basis point Fed rate hike in December has risen to 77%, while the probability of keeping rates unchanged has fallen to 23%. Trading volume for this prediction event reached $16.7 million.
According to Programs statistics, the "blue wave" brought by U.S. Democrats in the midterm elections has intensified market concerns about the pace of data center construction. As of November 4, of the 69 data center projects canceled since 2024, about half were due to local resident opposition, the main reason for project cancellation. The website also shows that since October, at least 4 data center projects in the U.S. have been canceled; in the third quarter, at least 17 projects were canceled, the highest since 2024. Since the second half of this year, canceled data center projects have approached the full-year total for 2025.
As Democrats win the midterm elections and are set to control Congress, the political advantages the crypto industry has enjoyed in Washington over the past two years are facing reversal. However, some policy achievements previously secured by the crypto industry are not easy to overturn. For example, repealing the federal stablecoin law would require new legislation; the SEC and the U.S. Commodity Futures Trading Commission (CFTC) can still continue their work on developing digital asset regulatory rules. It is reported that the crypto industry has begun turning to bipartisan support for long-term development, and long-term market development is no longer limited to an alliance with Trump. Digital assets are gradually expanding into areas such as investment funds, stablecoin payments, and financial infrastructure.
Strategy Discloses $4.79 Billion USD Reserve; Raised About $431.8 Million in 2026 by Selling Bitcoin
Digital asset treasury company Strategy disclosed in a November 2 filing that, as of November 1, its designated USD reserve was $4.79 billion, with another $132.7 million in cash. From October 26 to November 1, the company paid $43.4 million in preferred stock dividends from that reserve. In September, Strategy disclosed the repurchase of $176 million of STRC and expanded its securities repurchase authorization to $2 billion; by the October earnings release, the authorization had increased to $3 billion. From October 26 to November 1, the company repurchased $208.2 million of STRC. As of the October earnings release for 2026, Strategy had raised about $431.8 million by selling Bitcoin to fund dividends and repurchases. Starting November 1, STRC dividends accrue daily, covering weekends and holidays, with payments processed on business days. STRC has no collateral interest in the Bitcoin held by Strategy, and its ability to pay depends on the issuer's resources. (Bitcoin.com News)
According to HODL15Capital monitoring, the holder known as "Mr. 1,000" increased their Bitcoin position in 6 transactions from November 5 to 6, adding 1,000 BTC each time, with the balance rising from 1,000 to 6,000. The last transaction was recorded at 03:38 on November 6, with a balance value of $455,880,874, priced at $75,980.15 per coin.
Project News
Keplr Wallet released an update on the security incident, stating that users who log in with Google or Apple should temporarily stop transferring new funds into the affected accounts and move remaining transferable assets to accounts created via mnemonic phrases or hardware wallets. Some affected accounts may already show reduced or zero balances due to asset protection measures. A vulnerability in Web3Auth infrastructure caused private key leaks for some users who logged in via Google or Apple social login. The team is currently assisting Web3Auth in taking measures to protect affected users' assets, and remediation is still ongoing. Staked and locked assets may take longer due to more complex handling. Users are also reminded to trust only information published by official Keplr and Web3Auth accounts and to be wary of direct messages and links impersonating asset recovery services.
JD Coinlink Website Reportedly Offline and Now Inaccessible
The JD Coinlink website is reportedly offline and now inaccessible, though the exact time it became inaccessible is not yet confirmed. According to Qichacha information, the current enterprise status of JINGDONG Coinlink Technology Hong Kong Limited is "still registered." JD previously announced plans to issue in Hong Kong a crypto stablecoin pegged 1:1 to the Hong Kong dollar (HKD). JD Coinlink was once a participant in the Hong Kong Monetary Authority's stablecoin issuer "sandbox," but did not make the first list of licensed stablecoin issuers.
Compound to Shut Down USDC Market on Scroll; Outstanding Loans to Be Liquidated in Coming Weeks
The Compound Foundation posted on X that the USDC market deployed by Compound on Scroll will soon be closed, after Scroll had asked users to address their DeFi positions. Compound reminded users with outstanding loans to repay them as soon as possible; within the coming weeks, all outstanding loans will face liquidation.
Funding and Investment
Nvidia-Backed Groq to Raise Series B at $8 Billion Valuation
Nvidia-backed AI data center operator Groq has issued a Series B financing invitation, seeking to raise funds at an $8 billion pre-money valuation. The financing implies Groq plans to more than double its valuation in about three months. As the AI infrastructure industry comes under pressure, shares of data center operators such as CoreWeave and Nebius have recently been sold off, amid market concerns about the sustainability of large-scale debt-financed AI infrastructure buildouts. At the end of last year, Nvidia brought in Groq founder and CEO Jonathan Ross and other core employees through a $20 billion technology licensing deal. (Bloomberg)
Tether Plans to Inject €28.8 Million into Juventus, Participating in Club's Capital Increase
Stablecoin issuer Tether, which holds about 11.5% of Juventus, will participate in Juventus's proposed €250 million capital increase and contribute €28.8 million in proportion to its stake. Tether voted in favor of the capital increase at the shareholders' meeting held on November 3, but abstained on other ordinary shareholders' meeting proposals, including approval of the club's annual financial report showing a €66 million loss. In December 2025, Tether made a binding unsolicited offer to Juventus's major shareholder Exor to acquire all shares of the club, but was rejected. In November last year, Tether also participated in Juventus's €98 million capital increase, contributing €11.7 million, but at the time opposed the specific arrangements of the capital increase plan. (Gazzetta)
Regulatory Developments
U.S. Senator Richard Blumenthal recently sent letters to investigation targets including Binance, Tether, World Liberty Financial, and Fight Fight Fight LLC, demanding they submit requested records and information by January 4, 2027, and warning that failure to cooperate will prompt the Senate Permanent Subcommittee on Investigations to seek other ways to ensure compliance.
The Russian Central Bank has finalized rules allowing trading platforms to offer Bitcoin, Ethereum, and USDT trading to retail investors, effective November 17. Non-qualified investors may purchase up to 300,000 rubles worth of cryptocurrency per year through each intermediary, while qualified investors are unrestricted; all investors must pass a mandatory test before trading. Related services may be provided by brokers, asset managers, and crypto trading service providers, and the Moscow Exchange plans to launch crypto trading on December 1. Direct peer-to-peer crypto transactions between individuals will be prohibited starting July 1, 2027.
South Korea's Financial Services Commission is coordinating inter-agency differences on the government draft of the Framework Act on Digital Assets, aiming to propose it within November and expected to advance it in the form of lawmaker legislation. Regulators are discussing setting a single shareholder cap of 15% to 20% for crypto trading platforms and giving existing platforms a 1- to 2-year transition period; considering property rights disputes, they may also change it to restrict only voting rights. The bill plans to change trading platform market entry from a reporting system to a licensing system. Stablecoin issuers are expected to take a bank-centered consortium form, and discussions are underway on no-fault liability for hacking attacks
