SBF's Lawyer Calls Fraud Trial "Unfair," Seeks Conviction Overturned

November 5th. This morning, the crypto market sustained a severe setback. In the past 24 hours, the total market value plummeted by 4.8% to $3.455 trillion. Bitcoin dipped below $100,000 in the early hours, and Ethereum neared $3,000. On Tuesday, the US stock market closed with the Dow Jones Industrial Average initially down by 0.53%, the S&P 500 down by 1.17%, and the Nasdaq down by 2%. Tesla (TSLA.O) witnessed a 5% decline, Nvidia (NVDA.O) dropped by nearly 4%, and MicroStrategy (MSTR.O) saw a more than 6% decrease. US and European stock index futures also continued to decline. The Euro Stoxx 50 index futures fell by over 1%, the Germany DAX index futures by 1%, and the UK FTSE index futures by 0.4%. The market is currently encountering several risk events. Concerns about an artificial intelligence bubble have emerged, and doubts regarding a rate cut in December have begun to surface. Institutional analysis indicates that the US Supreme Court's consideration of Trump's tariff power

On November 5th, according to official information, the Web3 gaming asset trading platform OVERTAKE announced a strategic partnership with South Korea's largest gaming asset trading platform itemBay. The two parties will carry out substantial cooperation in the following key areas: User Acquisition: Create an exclusive on-chain reward program for itemBay users to achieve rapid expansion of the OVERTAKE ecosystem. Operations and Trading Market Integration: Jointly test settlement systems and payment infrastructure to support cross-platform registration and trading of mainstream in-game items. Policy and Compliance Development: Establish user protection policies and integrate itemBay's Web2 operational experience into the Web3 environment. Marketing Collaboration: Jointly carry out community activities and creator-driven marketing plans to expand global influence. OVERTAKE and itemBay will jointly build a bridge between Web2 and Web3 businesses, making digital ownership and blockcha

On November 5th, according to HTX market data, Ethereum experienced a rebound and surpassed $3300. The 24-hour price change narrowed to 8.98%.

On November 5th, as monitored by PeckShield, with BTC falling below $101,000 today, a whale using Aave's flash loan to take a long position on WBTC, with the address "0x94de...940a", has been liquidated. The whale borrowed USDT by depositing WBTC for a flash loan and was liquidated for a total amount of $31.47 million.

On November 5th, based on CoinGecko data, Ethereum's market capitalization has fallen below 400 billion US dollars. It currently stands at 392.85 billion US dollars, with a 24-hour decrease of 10.6%. According to 8marketcap data, Ethereum's market cap has been surpassed by ASML and has dropped to the 36th position in the global mainstream asset market cap ranking.

On November 5th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the "Smart Money that Had Been Long on ETH and Had a 25x Increase after the 1011 Flash Crash" has reversed its direction and gone short, achieving a profit of $8.38 million. 8 hours ago, he partially closed the remaining long position of 19,383.25 ETH in batches, ultimately incurring a loss of $6.646 million; then he opened a 25x leveraged short position, holding 18,802.51 ETH (approximately $61.45 million), and currently has an unrealized profit of $1.3 million.