BlackRock Deposits 34,777 ETH to Coinbase, Around $115 Million

November 5th: The public blockchain of the stablecoin Stable announced that the second phase of the deposit event will commence at 22:00 on November 6th (UTC+8), and it will accept up to $500 million in eligible deposits. Participants are required to use USDC for deposit and complete Know Your Customer (KYC). Each verified user is limited to one wallet. All USDC deposits will be converted into brand new USDT on the Stable network, which will enhance on-chain liquidity, bridge institutional funds with the on-chain market, and strengthen the overall ecosystem's stablecoin liquidity.

On November 5th, according to official channels, Binance Wallet announced that the first stage of the zkPass Booster event has commenced. This event provides a total of 30 million ZKP tokens as airdrop rewards. The participation requirement is that users must have 61 points or more in Alpha Points. During the first stage of the event, users can share 10 million ZKP tokens in airdrop rewards.

On November 5th, as reported by CNBC, the digital asset and infrastructure company Ripple stated on Wednesday that it had completed a financing round of $500 million, resulting in a valuation of the company at $40 billion. This financing round took place following a series of acquisitions by the company, and its product line is also expanding from a single payment to a broader range of services. Industry insiders hold the view that with Donald Trump being elected as the US President and the landmark stablecoin regulation GENIUS Act being passed, the US environment is becoming more conducive to crypto and digital asset companies. These companies are attempting to seize this opportunity to accelerate their development. Ripple has a close association with the cryptocurrency XRP. The company stated that this financing round was led by funds managed by the following institutions: Fortress Investment Group affiliates, Citadel Securities affiliates, Pantera Capital, Galaxy Digital, Brevan H

On November 5th, as per the on-chain analyst Ai Auntie (@ai_9684xtpa), the "1011 Shorting Whale Insider" augmented its position by 3000 ETH and 100 BTC (with 5x leverage), amounting to $20.34 million. The overall unrealized loss stood at $1.86 million.

On November 5th, according to HTX market data, Bitcoin saw a rebound and managed to break through $103,000. It is currently trading at $103,038, with the 24-hour decline narrowed to 1%.

On November 5th, according to the monitoring of HyperInsight (accessible via https://t.me/HyperInsight), "Big Brother Ma" Huang Licheng increased his long position in ETH by 25 times with leverage to $4.05 million. The average entry price was $3,281.31 and the liquidation price was $3,237.14.