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ANT.FUN Founder Shaun: Stablecoins Expected to Drive the Emergence of 'Financial Super Apps'

3 hours ago

On November 7th, Shaun, the founder and CEO of ANT.FUN, stated at the Finternet 2025 Asia Digital Finance Summit sponsored by the OSL Group that stablecoins are anticipated to bring about the emergence of new financial applications. He characterized these applications as "three-dimensional species" and believed that their characteristic is the ability to obtain a higher Lifetime Value (LTV) from a single user. Shaun explained that traditional super apps are "two-dimensional," only concentrating on user time and installation volume, and their financial monetization capability is strictly limited by licenses and regions. However, the "Financial Super App" of Web3 will be "three-dimensional": supported by stablecoins, users can smoothly access all financial services such as consumption, transactions, financial management, and contracts within the same application, creating a Lifetime Value that traditional apps cannot achieve. Shaun stated that the era background of this transformation is on the eve of the global adoption of Artificial General Intelligence (AGI), and he expected that Artificial Super Intelligence (ASI) would be achieved in three to five years. He emphasized that it is the combination of AGI and digital currency that makes this super app capable of reshaping the economic structure.

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Hyperliquid's largest ZEC short position continues to increase its exposure, now facing an unrealized loss of $14.5 million

On November 7th, according to the monitoring of HyperInsight, ZEC rose by 15% again today and is currently priced at $586. The largest short position on ZEC on Hyperliquid (0xd47) is now facing an unrealized loss of $14.5 million (about 250%), and the loss has expanded by another $3 million compared to yesterday. The address holds a position of approximately $29.26 million with an average price of $294. This address initiated a ZEC short position on October 11th and has been gradually averaging up during the price increase, and there is no closure so far. Its current main positions are: ZEC 5x short $29.26 million; ETH 15x short, with an unrealized gain of $5.95 million (about 353%).

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Yesterday's US Ethereum Spot ETF saw a net inflow of $12.5 million

On November 7th, based on Farside monitoring data, yesterday the US Ethereum spot ETF witnessed a net inflow of $12.5 million, bringing an end to a 6-day consecutive period of outflows.

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Elixir: deUSD Official 1:1 USDC Redemption Channel Now Open

On November 7th, as per official information, Elixir declared that the team has accomplished the redemption for roughly 80% of all deUSD holders (excluding the Stream portion). Presently, Stream holds approximately 90% of the deUSD supply (around $75 million), and Elixir's remaining collateral assets mainly comprise Morpho loans issued to Stream. All the remaining deUSD and sdeUSD holders (including AMM and lending platform LPs) are able to redeem USDC at a 1:1 ratio. Elixir has taken a snapshot for this purpose and has launched an official redemption page. In the meantime, the minting and redemption functions of deUSD have been deactivated. The official reminder indicates that deUSD no longer holds value, thus please refrain from purchasing or investing in it. Users are cautioned to only submit redemption applications through official links and be wary of scam websites.

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Yesterday's US Bitcoin Spot ETF saw a net inflow of $2.399 billion

On November 7th, based on Farside's monitoring data, the net inflow of the US Bitcoin spot ETF yesterday was $239.9 million, bringing an end to the consecutive 6-day net outflow state.

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A whale deposited 14 million USDC into Hyperliquid and started accumulating HYPE.

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