Privacy Coin Track Backs significantly, ZEC retraces over 23% from recent highs

On November 8th, as monitored by Onchain Lens, a newly established wallet deposited 6.27 million USDC into HyperLiquid and placed a 504 USDC order to open a long position in ZEC.

On November 8th, according to HTX market data, FLUX witnessed a surge of more than 178% in the past 24 hours and is currently trading at $0.2912.

On November 8th, the lending protocol Euler issued a statement stating, "The market managed by the Euler DAO has no direct or indirect connection with Stream. It is completely isolated and continues to operate normally." Previously, on November 4th, Stream Finance released a statement saying, "Yesterday, an external fund manager responsible for managing Stream funds disclosed that approximately $93 million of Stream fund assets suffered losses. In response, Stream is currently engaging the law firm Perkins Coie LLP to conduct a comprehensive investigation into the incident."

On November 8th, Hourglass announced that the KYC link for Phase 2 of the Stable Deposit Event is anticipated to be launched prior to 7:59 (Beijing Time) on November 9th. Once the link is made public, users will be given 72 hours to complete the KYC verification.

On November 8th, Analyst MLM disclosed that the Hyperliquid team is currently conducting tests on the Hypercore testnet with a feature named BLP. It is speculated that BLP stands for BorrowLendingProtocol. Judging from the testing situation, it seems to be a native lending market based on Hypercore with functions such as borrowing, lending, and withdrawal. Currently on the testnet, this market only supports USDC and PURR. Perhaps this is their planned mechanism for securely implementing a multi-collateral system by introducing an underlying lending layer. However, it has not been confirmed yet, and all of this is still speculative.

On November 8th, based on Coinglass data, Bitcoin's year-to-date return rate in November currently stands at -6.55%, in contrast to a historical average return rate of +42.49%. As was previously reported, on November 1st, since 2013, Bitcoin's average return rate in November has been +42.49%, with a median return rate of +8.81%. Among the past 12 years, there have been 8 gains and 4 losses in November.