Total ZEC Contract Liquidation in 24 Hours reached $18.8M across the network, trailing behind only BTC, ETH, and ADA.

On November 7th, Tom Lee, the Chairman of BitMine which is the first Ethereum hodling institution, stated in a CNBC interview the day before that the crash on October 11th was the largest liquidation event in the history of crypto. Subsequently, there were DeFi protocol rug pull events like the Balancer hack, which seriously undermined market confidence. As a result, the market may need a few weeks to digest the impact of these events. "The good news is that currently there are not a large number of projects showing problems, so it does not seem to be a systemic issue."

On November 7th, as monitored by Onchain Lens, a newly established wallet received 630 BTC from FalconX, with a value of $64.2 million.

On November 7th, based on the monitoring of analyst @mlmabc, Paradigm currently holds 19,141,655 HYPE (with an approximate value of 763 million US dollars) and is distributed across 19 addresses. Paradigm has thereby become the largest holder of HYPE. It currently holds 1.91% of the total HYPE supply and 5.73% of the circulating supply.

On November 7th, as monitored by LookOnChain, a whale deposited $621,000 into USDXmoney two weeks ago. Currently, that amount is only worth $163,000, resulting in a loss of $458,000 (-74%) within just 14 days. Two weeks ago, they exchanged 621,000 USDT for USDX and then deposited it into USDXmoney. After Stream Finance disclosed a $93 million loss on November 4th, they became aware of the risk and tried to make a withdrawal. However, three days later, their funds still remained stuck in USDXmoney.

On November 7th, based on CME's "FedWatch" data, the likelihood of a 25-basis-point Fed rate cut in December has increased to 67.1%, which is higher than 62% from yesterday. Meanwhile, the probability of keeping rates unchanged is 32.9%. In addition, on Polymarket, the probability of a 25-basis-point Fed rate cut in December has risen to 73%, having gone up from 65% yesterday.

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.