Huobi HTX has launched AERGO perpetual contracts and kicked off a contract trading party.

According to official announcements, due to the 1-for-2 reverse stock split of ProShares Bitcoin ETF (BITO), Binance Futures will adjust the notional value of its USD?-M BITOUSDT perpetual contract starting at 09:00 Beijing Time on November 19, with an adjustment factor of 0.5, and the adjustment is expected to be completed by 11:30. This reverse stock split means every 2 pre-split shares are consolidated into 1 post-split share, with the share price rising proportionally. During the adjustment period, BITOUSDT perpetual contract trading will be suspended. All unfilled orders (including take-profit and stop-loss orders) will be canceled, existing positions will be closed out in advance, and unrealized profits and losses will be settled to users’ cross-margin contract accounts. Relevant grid, DCA (Dollar-Cost Averaging) and Snowball strategy bots will be terminated at 08:45 Beijing Time; their positions will be automatically closed out and will not be restored after the adjustment is finalized. Trading is expected to resume at 11:30 Beijing Time, followed by a maximum 5-minute order-only cancellation phase, during which only Post-Only orders can be submitted, modified or canceled. After trading resumes, Binance will temporarily activate the Last Price Protection (LPP) mechanism, which is scheduled to end at 22:30 Beijing Time the same day, before gradually transitioning to standard mark price calculations.

According to Bubblemaps’ monitoring, crypto KOL Cupsey has traded over 27,000 tokens via 30 associated wallets since May 7. Around 3,000 of these token trades generated profits totaling approximately $1.74 million. His modus operandi involves buying tokens via operational wallets and distributing them to associated wallets: Cupsey’s public wallet purchases prompt followers to buy, after which the associated wallets sell off the tokens. He also has on-chain links to multiple rug pull deployers, with the related ruggers earning roughly $1.3 million.

Tom Lee told CNBC in an interview today that last week marked the market bottom, not the start of a deeper correction. First, the market rose on Monday even amid negative news: a flurry of bad headlines over the weekend—including a scandal involving NVIDIA CEO Jensen Huang and Texas’ actions against Elon Musk’s company—yet the market rallied sharply. "Rising on bad news" is typically a hallmark of a market bottom. Second, the VIX term structure has normalized after inverting last week. Lee emphasized this "is usually a sign that the market has bottomed out, and it’s far safer than many people believe." For context, VIX term structure inversion occurs when acute market panic and heavy selling drive investors to scramble for short-term protection (such as short-dated put options), causing near-term implied volatility to spike sharply above longer-dated levels (VIX exceeds VIX3M, with a ratio above 1). This results in a downward-sloping curve, a classic signal of short-term stress and a surge in hedging demand.

An ancient crypto whale that built a position of 37,000 ETH in 2015 at an average price of $1.5 per token is suspected of selling 7,507.52 ETH over the past nine hours, with an estimated profit of $15.93 million. Since September 29, the whale has transferred $28.54 million worth of ETH (12,163.52 tokens) to centralized exchanges (CEXs), with an average deposit price of $2,346.87; a full sale of these holdings would generate a return of up to 156,358%. The whale’s ETH funds trace back to August 2015, when they were withdrawn from ShapeShift.

Initia tweeted that its team is investigating an issue affecting its Rollup infrastructure, and has coordinated with relevant Rollups to temporarily suspend operations. No impact on user funds has been detected so far, and the project hopes the Rollups will resume block production as soon as possible. Initia’s Layer 1 (L1) remains operational, though some services including Initia Scan have experienced performance degradation.

Glassnode data shows that the trading volume of stock-based contracts on Hyperliquid has once again exceeded that of Bitcoin. Although both U.S. stock and Bitcoin prices have continued to decline over the past weeks, crypto-native traders appear more inclined to trade stocks on dips. Glassnode notes that the last time the ratio of stock contract trading volume to Bitcoin trading volume peaked was in August this year, when BTC was near a cyclical low, followed by a breakout rally.