According to crypto analyst EmberCN, an address that accumulated approximately $263 million in WBTC and ETH positions three months ago through revolving loans is nearing liquidation due to the continued market decline. Four hours ago, this address sold 1316.8 ETH, realizing approximately 4.017 million USDT to repay loans and mitigate liquidation risk. Currently, this address still has approximately $146 million in USDT borrowed on Aave, with a position health rate of only 1.05. If BTC and ETH fall by another 5%, its positions will trigger liquidation. Based on its initial investment cost of $116,762 WBTC and $4415 ETH, the current unrealized loss is approximately $65.49 million.

According to SoSoValue data, the crypto market has declined for three consecutive days, with most cryptocurrencies falling by 2% to 7% in the past 24 hours. Layer 2 cryptocurrencies fell 7.13%, with Starknet (STRK) down 21.17% and SOON (SOON) down 30.60%, while Movement (MOVE) remained relatively resilient, rising 2.70%. Notably, Bitcoin (BTC) fell 3.08%, dropping below $92,000 and erasing its year-to-date gains. Ethereum (ETH) fell 2.93%, briefly dipping below $3,000. In other sectors, the DeFi sector fell 2.07% in the last 24 hours, but Hyperliquid (HYPE) and Uniswap (UNI) remained relatively strong, rising 1.37% and 2.32% respectively; the CeFi sector fell 2.10%, with Binance Coin (BNB) falling 2.21%; the AI ​​sector fell 2.34%, with KAITO (KAITO) bucking the trend and rising 15.03%; the Layer 1 sector fell 2.80%, with Internet Computer (ICP) surging 20.17% intraday; the PayFi sector fell 3.29%, but Velo (VELO) rose 15.47%; and the Meme sector fell 4.15%, with Giggle Fund (GIGGLE) rising 3.93%. The crypto sector indices, which reflect the historical performance of the sector, show that the ssiLayer2, ssiDeFi, and ssiMeme indices fell by 7.73%, 5.82%, and 3.95%, respectively.

According to Coinglass data, the total liquidation amount across the network in the past 12 hours was approximately $715 million, of which approximately $38.92 million was liquidated in SOL.

DappRadar will shut down after seven years, citing financial strain, as founders plan to wind down services and review the RADAR token’s future. source: https://cryptonews.com/news/dappradar-shuts-down-services-cites-financial-strain-blockchain-analytics/

With last week’s Canary XRP ETF success, bigger hedge funds are ready to make history in traditional markets. source: https://dailycoin.com/1-5t-behemoth-launching-xrp-etf-today-post-sec-greenlight/?utm_source=cryptopanic&utm_medium=rss

Trader Eugene stated on the X platform that the market has now fallen back to what he considers oversold territory, and therefore he has increased his long positions in ETH and SOL. He said the market "pendulum has swung to a sufficiently extreme position," which is his reason for increasing his market beta exposure.

In his latest article, BitMEX co-founder Arthur Hayes stated that the core reason for the recent Bitcoin decline is not a deterioration in fundamentals, but rather a significant contraction in dollar liquidity. He pointed out that weakening ETF and DAT-related fund flows have exposed the market back to a negative liquidity environment, with the dollar liquidity index decreasing by approximately $1 trillion since July. The exit of ETF arbitrageurs and the disappearance of the DAT premium have eliminated Bitcoin's "pseudo-buying," requiring a downward price adjustment to re-align with actual liquidity. Hayes believes that BTC may further retrace to the $80,000 to $85,000 range in the short term, potentially accompanied by credit events and rising US Treasury yields. He predicts that once US stocks experience a correction of approximately 10%–20% and push US Treasury yields to continue rising, the Federal Reserve and the US Treasury will be forced to release liquidity again. If a policy shift occurs, Bitcoin could rebound rapidly to the $200,000 to $250,000 range by the end of the year.

On Nov 18, 2025, 02:17 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 91,000 USDT and is now trading at 90,978.023438 USDT, with a narrowed 4.52% decrease in 24 hours.

OKX market data shows that BTC has fallen below 91,000 USDT, currently trading at 90,973.9 USDT, a 24-hour drop of 4.53%. (This news item was generated with AI assistance.)

According to Cointelegraph, VanEck has introduced the United States' third exchange-traded fund (ETF) featuring Solana staking, marking a significant development as more altcoin-tied funds are anticipated to enter the market soon. The VanEck Solana ETF (VSOL) made its debut on Monday, joining the ranks of similar funds from Bitwise and Grayscale, which launched in late October and have collectively attracted over $380 million in inflows. VSOL, like its counterparts from Bitwise and Grayscale, offers staking yields by locking Solana (SOL) on the blockchain to earn rewards. In a strategic move to compete, VanEck has waived its 0.3% fee until February 17 or until the fund reaches $1 billion in assets. This surge in crypto ETFs follows the Securities and Exchange Commission's decision in September to amend its listing standards, facilitating faster approvals without the need for individual fund assessments. Bloomberg ETF analyst Eric Balchunas noted on Monday that the Fidelity Solana ETF (FSOL) is set to launch on Tuesday, entering a competitive landscape with three existing funds that impose a 0.25% fee. Balchunas highlighted Fidelity's position as the largest asset manager in this category, with BlackRock opting not to participate. In addition, Balchunas mentioned the potential launch of a Dogecoin (DOGE) ETF from Grayscale on November 24, following an amended regulatory filing earlier this month. This filing initiated a 20-day period during which the ETF can launch if the SEC does not respond. The Grayscale Dogecoin Trust (DOGE) is a conversion from its existing fund and would trade on the New York Stock Exchange, pending the exchange's filing to list the ETF. Balchunas expressed optimism about the launch, stating, "We'll see, won't be 100% till exchange notice, but based on SEC guidance, it looks good." If Grayscale's fund launches next week, it will be the first Dogecoin ETF in the U.S. capable of directly holding the memecoin. Asset issuers REX Shares and Osprey Funds jointly launched a DOGE ETF in mid-September, registered under the Investment Company Act of 1940, which restricts its investment to a wholly owned offshore subsidiary holding the cryptocurrency. Bitwise may also see its spot Dogecoin ETF launch late next week, following a regulatory filing change on November 6 that triggered a 20-day launch timer, unless the SEC intervenes.

An article published by "Federal Reserve Messenger" points out that the internal divisions within the Federal Reserve are escalating amid a data vacuum, with three governors appointed by Trump strongly supporting easing, while the hawkish camp has recently expanded.

The US financial system is showing signs of renewed liquidity pressure, particularly with volatility in the repo market becoming a focal point. This article analyzes the causes of this pressure, key timelines, and the impact of related transactions.

机器人 × AI × Web3 的融合旨在构建去中心化机器经济体系，推动具身智能从“单机自动化”迈向“可确权、可结算、可治理”的网络化协作。

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse Morning 8," issue 2882, providing you with the latest and fastest news on the digital currency and blockchain industry.

Projects, Crypto Market, Why is Researching Web3 Projects Becoming Increasingly Meaningless? Golden Finance, The Reversal of Information Barriers—When AI Becomes a Tool for Creating Fog.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

The financial status of digital asset vaults (DATs) is intricately intertwined with DeFi strategies, making it extremely challenging to analyze the financial performance of these companies.

Behind the allure of high returns may lie carefully packaged high-risk assets, and the safety margin of stablecoins is facing a test.

Following last week's drop below the upper limit of the "Trump bottom" at $110,000, and accompanied by a sudden increase in macroeconomic uncertainty, the market plunged 10.04% this week, breaking through two key technical support levels: the lower edge of the current bull market's upward channel and the 360-day moving average.

In 2025, driven by regulatory implementation, institutional adoption, and reserve upgrades, stablecoins will officially move from crypto products to global financial infrastructure.