If Bitcoin rebounds above $93,000, the cumulative short liquidation pressure on major CEXs will reach $1.186 billion

On November 18th, the Deutsche B?rse Group (DB1) and Société Générale's FORGE in France signed an agreement to incorporate regulated Euro and Dollar stablecoins into the support system of Europe's largest financial market. Both entities will integrate SG-FORGE's Euro and Dollar CoinVertible tokens into Deutsche B?rse's post-trade infrastructure, such as the Clearstream clearing system. This partnership allows banks and other market participants to settle transactions using tokenized cash within a regulated environment. Through the use of stablecoins, transacting parties can simultaneously transfer cash and securities on a shared ledger, enabling real-time settlement rather than waiting for end-of-day processing. The initial stage will test CoinVertible as a settlement asset for securities and collateral workflows and examine its function in treasury operations.

On November 18th, it was verified that the outage issue on the X platform has now been resolved. Previously, according to the network monitoring website DownDetector, user reports showed that the social media platform X and the cloud acceleration service provider Cloudflare encountered problems. Cloudflare (NET.N) saw a 2.5% decline in its pre-market stock price. In addition, according to the data on the OpenAI status page, some users were unable to access ChatGPT and the platform's official website.

On November 18th, Sentora (formerly known as IntoTheBlock) stated in a post that Bitcoin long-term holders typically accumulate during bear markets and distribute during bull markets, thus forming a "cup-shaped" cyclic pattern. The current decline is relatively gradual because long-term holders have not actively participated in "buying the dip," suggesting a change in cyclic behavior. The increase in institutional funds, structured products, and regulated investment tools is influencing the timing and manner in which market demand emerges. Recent market caution has suppressed spot buying pressure, and significant selling pressure has even emerged in the past two weeks. In the long term, a Bitcoin bear market may still occur, but its characteristics may depend more on valuation, investment directives, and risk frameworks rather than on panic and euphoria. The participation of professional capital may assist in forming a more stable market bottom, but downside risks still exist. Future

On November 18th, WEEX made an announcement that the platform is going to launch the 168th to 170th WE-Launch projects shortly: ChainGuard (CGT), EndlessWorld (EWCOIN), and Purple Bitcoin (PBTC). Users who hold 300 WXT will be able to participate in all three projects and share a total airdrop of 30,000 USDT. The WXT contributed does not have any lock-up or staking requirements.

On November 18th, as monitored by OnchainLens, an address of BlackRock deposited 3,064 Bitcoins with a value of $280 million and 64,707 Ether worth $198.7 million into Coinbase.

On November 18th, the cryptocurrency yield aggregator Pendle jointly released the Q3 report for 2025 with Token Terminal: 1. The Total Value Locked (TVL) reached $8.75 billion, showing a 118.8% increase compared to the previous period. Stablecoins accounted for over 80% and served as a core support. 2. The nominal trading volume exceeded $233.9 billion, with a 236.1% increase compared to the previous period. It reached a monthly peak of $110 billion in September. 3. The protocol revenue was $9.14 million, and the fees were $9.53 million, representing a 54.1% and 58.0% increase respectively. The vePendle holders averaged an APR of 35%-40%. 4. The monthly active users increased to 29,200, spanning 8 blockchains. Ethereum and HyperEVM were the main user hubs. Pendle has now become the second-largest protocol on the Plasma chain, with a TVL of nearly $1 billion, accounting for 30% of the chain's total value locked. Leading protocols such as USDai and Ethena have utilized its liquidity, and