MANTRA DAO Initiates Survey Vote to Solicit Feedback on Team Token Burn Execution

On November 7th, according to the on-chain AI analytics tool CoinBob (@CoinbobAI_bot), the monitoring data shows that the "BTC OG" whale (0xb31) account's unrealized loss has reached $3 million. Yesterday, it once reached an unrealized loss of more than $4.3 million. There is no new trend of closing or opening positions yet. The total holding has a notional value of approximately $125 million. As of the time of writing, the holdings are as follows: - BTC 5x Long: Unrealized loss of $1.78 million (about 12.4%), with an average holding price of $104,500 and a position size of about $71.4 million. - ETH 5x Long: Unrealized loss of $1.3 million (about 12.1%), with an average holding price of $3,427 and a position size of about $53.5 million. The two addresses of the "BTC OG" whale (0xb31, 0x2ea) once held more than 100,000 BTC and gradually sold them this year and exchanged them for ETH. Then, before the flash crash on October 11th, they opened a large short position and earned more than

On November 7th, Mike Novogratz, the founder and CEO of Galaxy Digital, posted on social media, saying, "At present, the employee ownership ratio of the company is the highest in both the cryptocurrency and data center industries. The cryptocurrency market has been rather sluggish recently. Personally, I think that after experiencing a long bull market, many long-term holders are rebalancing their assets and diversifying some funds from overly concentrated positions. Looking at the medium to long term, this is a healthy development because these positions will gradually be absorbed by a wider range of investors; but in the short term, this adjustment is like a 'wet blanket' that suppresses market prices." "I don't think we have reached the peak of this cycle yet. I believe that by the end of this year, we will have a new Federal Reserve Chair who may be more 'dovish' (accommodative) than the market expects. Hopefully, this will provide sufficient narrative momentum to drive the next w

On November 7th, according to Bloomberg, a recent study conducted by researchers at Columbia University has discovered that the trading volume of Polymarket, which is one of the most popular prediction markets, has been greatly inflated by what is called "wash trading" - where users frequently buy and sell the same contract within a short period of time. The research findings show that this phenomenon, referred to by the researchers as "artificial trading", has accounted for an average of approximately 25% of all buy and sell trading volume on Polymarket over the past three years, although it has fluctuated over time.

On November 7th, as per the monitoring of LookOnChain, three new wallets have just withdrawn 4920 Ethereum from Tornado Cash (approximately $16.25 million) and sold it at around $3302.

On November 7th, according to the official forum, the Sky community has put forward the "SparkLend Deprecation of sUSDS and sDAI Collateral" proposal. This proposal suggests that SparkLend should stop using sUSDS and sDAI as collateral in order to reduce SparkLend's exposure to other assets. After the implementation of the parameter change, third-party users of SparkLend will be largely protected from the impact of DAI, USDS, and more generally, the solvency and liquidity risks of Sky's ecosystem. The team will achieve this update through the following measures: setting the supply cap for each asset to 1 token (preventing additional supply) and setting the maximum LTV for each asset to 0%, thereby prohibiting new loans collateralized with sDAI or sUSDS.

On November 7th, based on Binance Alpha data, in the Sui ecosystem, the AI infrastructure DeAgentAI token AIA witnessed a short-term surge today. It reached $9.8 and is currently trading at $9.47. It has surged by more than 50% in the past 4 hours and 473% in the last 24 hours. Within 4 hours, 70% of the short positions on the Binance platform were liquidated, accounting for 34% of the total network liquidations.