Bitcoin Drops Below $105,000

On November 4th, the U.S. prosecutors demanded a 5-year prison term for each of the two founders of the privacy wallet Samourai Wallet, namely Keonne Rodriguez and William Lonergan Hill. This was due to their long-term operation of an unregistered encrypted coin mixing service and their assistance in money laundering of at least $237 million, which included proceeds from crimes such as drug trafficking, activities on the dark web, hacking, and illegal content. The two pleaded guilty in July and are scheduled to be sentenced this week. (TheBlock)

On November 4th, according to the monitoring of HyperInsight, the "1011 Insider Whale" has once more boosted its long positions in Bitcoin and Ethereum. As of the time of this writing, its total long position amount has reached $80.33 million.

On November 4th, "Pal" shared a photo on the X platform accompanied by the caption, "The greatest thing following liquidation is skinny dipping." Today's news reveals that "Pal" experienced a 25x Ethereum long liquidation. Since October, he has made a cumulative deposit of 1,727,000 USDC into Hyperliquid. The Hyperliquid account has suffered a total loss of 13.33 million USD, and only 16,771.24 USD remains in the account.

November 4th. On-chain sleuth ZachXBT posted on his personal channel, saying, "According to my personal experience, here are the five regions with the most serious cryptocurrency-related victims (in a reverse leaderboard): · Nigeria · India · Canada · UK · Russia (If you are from these regions and contact me, I am likely to formally refuse to provide assistance as legal cases in these places have been stagnant for a long time.)"

On November 4th, He Yi made a post on social media, stating, "Do good and good will come to you." From being completely overlooked by Giggle Academy at first to receiving continuous community transaction fee donations. Then, Binance decided to donate long-term fees to support the Giggle token. And now, there is a donation and burning. This indicates that Giggle will enter a deflationary mode in the future. This is a journey that has gone from one-way community giving to two-way charitable dedication. On the road of public chain development, no one knows what the standard answer is. Memes without a business model and value proposition cannot have a long journey. VC coins with large funding may not have a broad vision. And indeed, no one knows the standard answer. The pessimist is correct, while the optimist achieves success.