「Pal」 Increases ETH Long Position to $4.05 Million

On November 5th, WLFI officials stated in a post that, in an effort to promote the adoption of USD1 on Solana, they are collaborating with official partners bonk.fun and Raydium to reconstruct the ecosystem. WLFI has acquired approximately 1 token as a strategic reserve to enhance WLFI's standing as a leading USD1 community on Solana. Earlier reports showed that the WLFI official treasury address received 10.84 million 1 tokens from the Solana ecosystem Meme coin today.

On November 5th, as per a CoinDesk report, Alex Thorn, the Head of Research at Galaxy Digital, wrote in a report to clients on Wednesday morning: "Although the structural investment thesis of Bitcoin remains solid, the cyclical dynamic has undergone a shift." Thorn pointed out that multiple factors have given rise to market resistance, such as whale distribution patterns, a declining interest in Bitcoin-related investments, capital rotation into gold, artificial intelligence (AI), stablecoins, and other investment themes, as well as the emergence of "listlessness" in corporate treasuries. Consequently, he has adjusted Bitcoin's year-end target from $185,000 to $120,000.

On November 5th, as reported by The Block, Harmonic, a startup concentrating on Solana infrastructure, has recently concluded a $6 million seed round of financing, with Paradigm taking the lead. Harmonic's co-founder, Jakob Pov?i? (who is also a co-founder of the crypto-native development firm Temporal), stated that this financing round also included angel investments from undisclosed "Solana key stakeholders." Pov?i? refused to disclose the financing timeline, round structure, company valuation, business model, or whether the investors serve as advisors or directors. Harmonic claims to be the first open-source block building system for Solana, enabling validators to receive blocks in real-time from multiple competing builders, thereby enhancing network speed and efficiency.

On November 5th, the U.S. Supreme Court officially commenced hearing arguments regarding U.S. President Trump's tariffs. (Golden Ten)

On November 5th, as reported by The Block, the members of the Monad team disclosed that the forthcoming Layer 1 blockchain Monad and its native token MON are scheduled to go live at 9 a.m. EST on November 24th. The Monad Foundation opened a token claiming portal from mid-October to Monday, November 3rd, enabling users to view their MON token allocation and link their wallets.

November 5th. As per The Block, Bitcoin's November began in the continuation of the downward trend of Tuesday. This trend had already been affected during what K33 referred to as the "dreadful October." According to a new report released by K33, Bitcoin has dropped by 10% in the past week and has once again tested the $100,000 mark. This is the lowest point since June this year and the weakest 30-day performance against the Nasdaq index since July 2024, as stated by Research Director Vetle Lunde in the report. Lunde attributed this decline to restricted liquidity and fear-driven market sentiment. Especially after the historic deleveraging event on October 11th, when the largest liquidation of at least $20 billion in crypto assets occurred. He stated, "Fear-driven market sentiment, combined with significant sell-offs from long-term holders, further weakened the market as buyers remained cautious in the face of perceived heightened risks." Lunde also pointed out that Bitcoin is now at