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Naval: Even if off-chain assets are wrapped onto the chain, they can only achieve minimal on-chain accounting convenience at most

2 hours ago

On November 6th, the renowned angel investor Naval Ravikant in Silicon Valley expressed his views on X regarding "wrapping assets on Zcash, such as real estate and stocks." He stated, "Only by holding digital, on-chain assets can we truly have meaning. Even if off-chain assets are wrapped onto the chain, at most, they can only obtain some minor tracking or accounting convenience. That's all." Naval is a well-known angel investor in Silicon Valley. He has invested in well-known tech companies like Twitter and Uber. He is also a successful entrepreneur who founded the equity crowdfunding platform AngelList and published the renowned book "The Navalmanac."
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The whale that bought the dip of ETH at $10.11 and held for 34 days has now sold off, taking a profit of $6 million. However, chasing the price up and down recently has led to a loss of $7.8 million.

On November 6th, as per the monitoring of HyperInsight, at 1:00 AM today, the whale that had previously been firmly long on ETH (0xb9f) once again took a long position on ETH. The position size was $43.74 million, with an average price of $3,432, and an unrealized loss of $660,000 (approximately 40%). The whale's ETH short position opened last night has been completely closed, resulting in a loss of $1.38 million. Previously, the address closed a long ETH position that had been held for more than 34 days with a loss of $2.04 million in the early morning yesterday. The peak profit once exceeded $6 million (about 300%). It was once ranked second on the Hyperliquid ETH contract long position list and then briefly switched to open an ETH short position.

7 minutes ago

Binance Alpha will list UnifAI Network (UAI), with a Phase 1 airdrop threshold of 229 points.

November 6th. According to official channels, Binance Alpha has made an announcement that it will be the pioneer in listing the UnifAI Network (UAI), and Alpha trading will start on November 6, 2025, at 19:00 (UTC+8). Users who possess at least 229 Binance Alpha points can claim an airdrop of 320 UAI tokens on a first-come, first-served basis. If the reward pool is not completely distributed within a short period, the points threshold will automatically decrease by 5 points every 5 minutes. Claiming the airdrop will require 15 Binance Alpha points. Users must confirm the receipt on the Alpha event page within 24 hours; otherwise, they will be regarded as having forfeited the eligibility for the airdrop.

7 minutes ago

Trump: Hopes to Make America a "Bitcoin Superpower"

On November 6th, as per a report by CoinDesk, on November 5th (local time at 1 p.m. during the first day of the "American Business Forum" held in Miami, Florida), during a keynote speech, Trump advocated that the United States should embrace crypto assets (cryptocurrencies) and demonstrated his aspiration to lead in this domain. Trump stated, "We are gathered here in Miami today to embrace a significant industry. I have signed a historic executive order, bringing an end to the federal government's war on crypto assets. The crypto industry was once under attack, but that is no longer the case. For this is a huge industry, a vast industry. I am surrounded by numerous talented individuals and outstanding entrepreneurs who are not only engaged in other businesses but are also actively involved in the crypto asset space." Furthermore, he also said, "Crypto assets can significantly reduce the burden on the US dollar and bring about a lot of positive impacts, and we are concentrating on pro

7 minutes ago

TRON Mainnet is about to upgrade to GreatVoyage-v4.8.1: Significantly enhancing system compatibility and network performance

On November 6th, as per the official announcement from the Tron Foundation, it is expected that the TRON mainnet will release version GreatVoyage-v4.8.1 (Democritus) in November 2025. This upgrade is set to bring about several key enhancements with the aim of further bolstering system compatibility, network performance, and overall stability, thereby laying a solid foundation for the long-term evolution of the TRON mainnet. According to the official technical documentation, the GreatVoyage-v4.8.1 version incorporates support for the ARM architecture and JDK 17, thereby expanding the system's operating environment. It has also completed the compatibility changes for the SELFDESTRUCT instruction within the Ethereum Virtual Machine (EVM) to continuously enhance EVM consistency. In addition, this upgrade encompasses node network optimization, API performance enhancement, security updates, and database performance adjustments, which significantly improve the mainnet's operational efficienc

7 minutes ago

UBS: Repeal of Trump Tariffs Could Put Pressure on US Fiscal Situation, Creating Opportunity for Fed Rate Cut

November 6th. As analyzed by UBS Group, if the US Supreme Court determines that Trump's tariff policy is illegal, it is anticipated that the US government will be required to refund approximately $140 billion in tariffs to importers. This amount is equivalent to 7.9% of the estimated federal budget deficit for fiscal year 2025. In the event that the US government loses the case, the substantial tax refund will promptly trigger a fiscal impact and may lead to the establishment of a structurally low-tariff trade environment. If trading partners do not retaliate, this environment will ultimately be beneficial to the US economy and stock market. UBS estimates that the government is likely to utilize legal tools such as Section 201 and Section 301 of the Trade Act of 1974 to reconstruct tariff barriers. However, this process will take several quarters and reduce trade policy flexibility. Although the refunds will bring unexpected gains to import companies, the impact on the overall market

7 minutes ago

YouTube Clarifies New Policy: Not Banning All Cryptocurrency Content, Only Targeting Gambling

November 6th. As per Decrypt, YouTube recently made an announcement that it is going to expand its ban on online gambling-related content. It will prohibit creators from directing viewers to websites that offer "additional items with monetary value" (such as game skins, cosmetics, and NFTs). This policy is set to come into effect on November 17th. This announcement has triggered strong reactions within the crypto community. Many creators are concerned that this will result in a complete ban on crypto content on YouTube, particularly crypto gaming content. However, a spokesperson from YouTube has confirmed that this is not the case. The Google-owned company stated: "Content that showcases in-game skins or cosmetics, or discussions about items that have real-world value (like NFTs), will not be impacted by this update."

7 minutes ago