The "Brotherhood" leverage position opened by Huang Lizheng reached a maximum drawdown of over 180%, causing most of the profit from his ETH holdings to be given back.

On November 11th, according to Defilama data, in the mainstream Perp DEX's nearly 24-hour trading volume, Lighter witnessed a notable increase in trading volume and surpassed Aster to claim the top position. Aster saw its nearly 24-hour trading volume almost halve, decreasing from yesterday's $11.94 billion to $5.7 billion. The current partial Perp DEX trading volume is as follows: The 24-hour trading volume of Lighter is approximately $10.69 billion, with a TVL of around $1.152 billion; The 24-hour trading volume of Hyperliquid is approximately $8.71 billion, with a TVL of around $4.799 billion; The 24-hour trading volume of EdgeX is approximately $5.82 billion, with a TVL of around $0.491 billion; The 24-hour trading volume of Aster (with the link https://www.asterdex.com/en-US/referral/aboter) is approximately $5.7 billion, with a TVL of around $1.469 billion; The 24-hour trading volume of ApeX is approximately $2.68 billion, with a TVL of around $50.82 million; The 24-hour tr

November 11th. According to official information, Websea announced that its strategic wealth management product, the "Surge Profit Fund," has successfully completed the redemption and distribution of earnings for its initial stable 30-day product. This product, based on the principle of capital preservation, automatically activates a destruction or compensation mechanism according to the WBS price at the time of user subscription. It achieves stable returns for users during the subscription period while enhancing long-term value. The official statement showed that the core mechanism of the Surge Profit Fund is based on "capital preservation, accelerated earnings, and ecosystem deflation," aiming to provide users with a Web3 financial management option that balances security and profitability, thereby supporting the sustainable growth of the platform ecosystem.

November 11th, in Hong Kong. HSBC Bank launched the "HSBC Gold Token" targeted at Hong Kong retail investors. The total trading volume exceeded $1 billion, and there were over 100,000 transactions, making it the third-largest gold token product globally. The token is denominated in Hong Kong dollars and has been approved by the Hong Kong Securities and Futures Commission. Currently, it is the only compliant gold RWA product available to retail investors. BiyaPay analysts believe that this indicates the transition of RWA from the institutional experimentation stage to the retail adoption stage. In this stage, traditional assets like gold are being reshaped through blockchain technology. With increasingly clear regulations and improved liquidity, the tokenization of physical assets may become one of the most certain trends in the crypto space by 2025. BiyaPay analysts also point out that the increasing demand for stable income and a secure store of value will accelerate the expansion o

On November 11th, the US-listed cryptocurrency exchange Gemini Space Station presented its first post-listing financial report. The loss in the third quarter exceeded market expectations. Due to a significant increase in marketing and listing-related expenses, the net loss for the quarter reached $1.595 billion (or $6.67 per share), which was double the analysts' expectation of $3.24 per share. Although revenue doubled year-over-year to $50.6 million, the company's stock price still dropped by 8.67% to $15.38 in pre-market trading.

On November 11th, according to GMGN monitoring, due to the impact of the "Uniswap Fee Switch or Fraudulent Pool Disappearance on Base", the on-chain trading volume of Base has decreased within the past 24 hours. The x402 ecosystem-related tokens have witnessed varying degrees of pullbacks today. These include: - VIRTUAL: It has experienced a 24-hour loss of 11.6%, with a market capitalization of $674 million and is currently priced at approximately $1.35. - PING: It has suffered a 24-hour loss of 23%, with a market capitalization of $25.3 million and is currently priced at approximately $0.025. - PAY AI: It has a 24-hour loss of 20%, with a market capitalization of $15.4 million and is currently priced at approximately $0.015. - dreams: It has a 24-hour loss of 20%, with a market capitalization of $22.2 million and is currently priced at approximately $0.022. BlockBeats reminds investors that the recent cryptocurrency market has witnessed a significant increase in volatility, and inve

On November 11th, as per The Block, DBS Bank of Singapore is collaborating with Kinexys, a digital asset platform under JPMorgan. The aim is to develop an interoperability framework that enables the cross-chain transfer of tokenized deposits within the on-chain ecosystems of both parties. This collaboration aims to build a bi-directional interoperability layer to support cross-network transactions between public and permissioned blockchains, thereby expanding customer reach. Currently, both institutions offer customers 24/7 liquidity services and real-time payment settlements within their blockchain systems. According to the announcement, in the future, JPM Deposit Token users based on the Ethereum Layer 2 network Base will be able to conduct transactions with DBS Bank token service customers operating on a permissioned chain. Such interactions have been limited by inherent interoperability challenges and associated security risks, which have been difficult to overcome within traditi