STABLE is currently trading at $0.055 on Binance, with a fully diluted market cap of $5.5 billion.

On November 7th, Hourglass announced that "The minimum deposit window of $100,000 for the Stable Pre-Launch Phase 2 will be extended by at least one hour." (This sentence is already in a relatively common and clear English structure for such announcements. There may not be a significant difference in a "typical American language habit" rewrite as it is already presented in a straightforward manner.)

Over the past month, three whales have bought a total of 17M $OVPP($375K). Whale 0xaca5, holding over $10M in assets, bought 7.6M $OVPP($165K) from MEXC and DEXs. 0xae84 bought 5.43M $OVPP($117K). 0x3bd5 bought 3.97M $OVPP($87K).

On November 6th, based on the monitoring of LookOnChain, a whale address 0x540C has just withdrawn 1.149 billion USDT from Aave. This has led to the USDT utilization rate on the Aave main market rising to 92.83%, which exceeds the optimal utilization rate threshold of 92% of the protocol.

On November 6th, as monitored by LookOnChain, MEV Capital and Re7 Labs have just achieved a fund utilization rate of 99% within a pool managed on the Lista DAO platform, which has triggered a forced liquidation. If you have funds deposited in a DeFi protocol, it is essential to be aware of the risks. Currently, the fund utilization rate on multiple platforms has exceeded 90%.

On November 6th, based on HTX market data, Ethereum fell below $3,300, experiencing a 24-hour decline of 2.45%.

On November 6th, Circle submitted a comment letter to the U.S. Treasury Department regarding the implementation of the "GENIUS Act." It emphasized the need for a comprehensive regulatory framework for stablecoins to protect consumers, maintain market integrity, and ensure global interoperability. Circle believes that rulemaking should adhere to congressional intent and provide clear and strong rules for all issuers operating in the U.S. market, while offering the American people transparent and easily understandable financial products and services. Circle has put forward a series of policy principles, such as safeguarding customer funds, achieving interoperability through mutual recognition, ensuring consistent rules for the same activities, maintaining a balance between domestic and international competition, and establishing clear consequences and contingency plans.