Binance Latest Reserve Audit Report: All Major Cryptocurrencies Have Excess Reserves

On November 7th, based on HyperInsight's monitoring, the "100% Win Rate Whale" has just placed a 10x short position on ZEC. The entry price is $629.55. As of the time of writing, their position is 1200 ZEC, which is approximately worth $752,000.

On November 7th, according to the monitoring of Scam Sniffer, approximately 30 minutes ago, a user lost crypto assets worth 1.22 million US dollars due to signing multiple phishing "permit" signatures. These included USDC and aPlaUSDT0 tokens.

On November 7th, Bitget made an announcement regarding the appointment of Ignacio Aguirre Franco as the Chief Marketing Officer (CMO). Ignacio possesses more than fifteen years of experience within the technology, fintech, and blockchain domains. He has held senior positions at internationally renowned companies like Adobe, SAP, Scorechain, and Xapo Bank. This has equipped him with extensive global brand operation and user growth expertise. As the CMO, Ignacio's core duties will focus on Bitget's Universal Exchange (UEX) vision. He will drive the seamless amalgamation of CeFi, DeFi, and TradFi ecosystems, thereby creating a diverse financial ecosystem for the "one-stop purchase of global assets." Simultaneously, he will be responsible for the global brand strategy, enhancing user engagement and optimizing product narratives. This will expedite the adoption of Bitget's on-chain trading, stock contracts, GetAgent, and other innovative products. It will inject crucial momentum into the c

On November 7th, Analyst @AxelAdlerJr stated in a post that for the market to return to a risk-on stance, what is required is not merely a piece of good news but rather a sustained bullish signal that emerges from the combined action of various factors. The US Treasury yield must stabilize or decline in order to boost market confidence. At the same time, the fear index should narrow to the range of 14-16, credit spreads should narrow, and the upward momentum of gold should weaken - indicating that safe-haven assets will no longer be the only obvious choice. For cryptocurrency, this implies that: Bitcoin finds strong support around $100,000, the spot ETF sees net inflows again, and reaffirms its position as a globally high-beta asset. The macro narrative must shift from focusing on controlling losses to seizing opportunities - the market doesn't need a perfect situation; it just needs to avoid a new crisis: a manageable financial environment with no indications of a severe recession or

November 7th. As per CoinPost, the Japan Financial Services Agency convened the fifth meeting of the Crypto Asset System Working Group within the Financial System Council. The attendees engaged in a discussion regarding the intensification of regulations on cryptocurrency lending businesses. The novel policy mandates that companies establish a risk management system for borrowers and collateral providers, set up a secure cryptocurrency storage and management system, elucidate risks to customers, and standardize advertising. Transactions between institutional investors, such as non-public lending, will not be subject to regulation. The meeting also put forward a recommendation to introduce a proposal for an IEO investment cap in order to prevent issuers from raising funds from a wide range of ordinary investors in IEOs (Initial Exchange Offerings) without the necessity of financial audits, which could give rise to over-investment due to sales pressure.

November 7th: The price of Bitcoin fell once more and approached $100,000, dragging down the US stock cryptocurrency sector. The three major US stock indexes closed with declines: the Nasdaq -1.9%, the S&P 500 -1.12%, and the Dow Jones -0.84%. The bearish sentiment intensified, with the 2x short CRCL ETF rising by more than 24% and the 2x short COIN ETF rising by nearly 15%. Investors' risk aversion sentiment increased. BiyaPay supports USDT trading for US stocks, Hong Kong stocks, and futures, with zero fees for digital currency spot/contract trading, enabling you to flexibly navigate the market.