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

On November 7th, based on market data, ZEC continues to surge. It is currently trading at $629.05, and its total market capitalization exceeds $10 billion, reaching a new all-time high.

On November 7th, Google's Threat Analysis Group's latest report indicates that at least five new types of malware are exploiting Large Language Models (LLMs) to generate and conceal malicious code in a dynamic manner. Specifically, the North Korea-related hacker group UNC1069 was discovered to be using Gemini to probe wallet data and create phishing scripts with the aim of stealing digital assets. These malware employ "live code creation" technology by leveraging external AI models like Gemini or Qwen2.5-Coder to bypass traditional security detections. Google stated that it has taken measures to disable the relevant accounts and enhance security for model access. (Decrypt)

On November 7th, Matrixport released a market outlook stating that Bitcoin has entered a stage of consolidation. The price is currently facing both macroeconomic and market structural pressures. As the Federal Reserve has repeatedly emphasized that it will not rush to cut interest rates or ease policies, market expectations for rapid easing have gradually cooled. There is a lack of new easing catalysts in the short term. Meanwhile, the dollar has stabilized and rebounded near its low for this cycle, and liquidity has tightened since mid-summer. The strong capital inflow at the beginning of the year due to spot ETFs has been mostly digested, and the subsequent buying momentum has significantly slowed down. A combination of multiple factors has suppressed the continuation of the uptrend. From the perspective of the holding structure, the participation and risk appetite of major buyer groups have weakened simultaneously. Some early large holders have chosen to take profi

On November 7th, Binance released its most recent Proof of Reserves (PoR) report on November 1, 2025. The report shows that all major cryptocurrencies are maintaining an overcollateralization position. The reserve rates are indicated as follows: BTC at 102.11%, USDT at 107.45%, ETH at 100.00%, BNB at a notably high 112.95%, and USDC at an impressive 133.79%.

On November 7th, as per @ali_charts which cited CryptoQuant data, in the past month, the reserves of CEX stablecoins have witnessed an increase of nearly $10 billion. This shows a negative correlation with the recent performance of the cryptocurrency market. Analysts propose that this indicates that traders are converting cryptocurrencies into stablecoins.

On November 7th, according to the latest figures from Coinglass, as the price of ZEC broke through $620, the total ZEC contract position across all exchanges rose to 1.7552 million coins. The position value reached $1.088 billion, hitting a new all-time high, with a 24-hour increase of 31.83%. Among them, the ZEC contract position on Binance reached 557,300 coins, and the position value was $349 million.