KITE experiences a brief surge, reaching $0.133, with a gain of over 40% in the last hour

November 5th. As per the monitoring of LookOnChain, a certain "CZ Reverse Trading Whale" has shifted from shorting ETH to taking a long position. Currently, it holds 32,802 ETH (approximately $109 million) in a long position. Meanwhile, the investor still maintains multiple short positions, including a $59.7 million ASTER and a $11.3 million kPEPE short position. The whale had previously enhanced its ASTER short position following CZ's post regarding the purchase of ASTER. At one point, it held over $21 million in unrealized profit. The whale also simultaneously shorted DOGE, ETH, XRP, PEPE, and others, all of which were profitable.

On November 5th, Arthur Hayes, a co-founder of BitMEX, posted that since the U.S. debt ceiling was raised in July, BTC has decreased by 5% and U.S. dollar liquidity has fallen by 8%. The U.S. Treasury General Account (TGA) has absorbed liquid dollars from the market. When the U.S. government shutdown comes to an end, the TGA will decline, which will be beneficial to U.S. dollar liquidity, leading to an increase in BTC and a greater increase in ZEC.

On November 5th, the Canadian government officially announced its regulatory plan for stablecoins in its fiscal plan. This follows the regulatory footsteps of the United States in regulating fiat-backed stablecoins, requiring issuers to maintain sufficient reserves and adopt robust risk management measures. The Bank of Canada will allocate 10 million Canadian dollars over the two years starting from the 2026-2027 fiscal year to ensure a smooth process. It is expected that an additional 5 million Canadian dollars will be covered by stablecoin issuers regulated under the Retail Payments Activities Act each year.

On November 5th, as per the official announcement, the world's first decentralized on-chain stock trading platform, Matrix MSX S1 Points Season and M Credit Incentive Mechanism, have officially been launched today. The platform will calculate points based on the real trading and holding behaviors of US stock spot, coin-margined contracts, and US stock contracts. It will automatically settle the points at 10:00 (UTC+8) every day for the previous day. M Credit, as a core metric for measuring user trading activities and contributions, will also be used for the future distribution and incentives of the platform token $MSX. The calculation of M Credit not only considers trading volume but also examines the position duration, P&L performance, and Team Boost level to ensure fair incentives. Team Boost adopts a T+2 update mechanism and automatically synchronizes bonuses. Historical trading points will be retroactively included in community incentives.

November 5th - As reported by Reuters, the Swiss Bitcoin asset management firm FUTURE has declared the accomplishment of a CHF 28 million (approximately $34.6 million) strategic financing round. Participating in this round are Fulgur Ventures, Nakamoto, TOBAM, and others.

November 5th - The cryptocurrency debit card provider Dupay announced the termination of its operations, stating that it was unable to address compliance issues at the core and obstacles to the circulation of funds. Dupay will officially stop all services and shut down its servers on November 30, 2025. A considerable amount of funds that were previously frozen have remained unresolved to this day. Dupay has made a prepayment and advises users who have not completed their withdrawals to do so before the server shutdown. In addition, users can still apply for manual processing via email after the closure date.