Viewpoint: Market Recovery Requires Resonance of Multiple Factors
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
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Japanese Financial Services Agency: Considering Establishing IEO Investment Cap, Aiming to Standardize Loan Business Risk Management
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.
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BiyaPay Analyst: Bitcoin Drops by Almost $100,000, US Stock Crypto Concept Stocks Experience Another Heavy Setback, Short ETF Surges
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.
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There are thousands of suspicious transactions in Bittrex's bankruptcy filing, which could have a significant impact on creditors' claims.
On November 7th, as per DL News, the bankruptcy filing by Bittrex is replete with tens of thousands of conflicting, suspicious, and improbable transactions. This could potentially affect nearly 2 million customers who had funds held on the exchange prior to its collapse in 2023.
Regulatory compliance researcher Pasha Onur stated, "Our examination of court filings and Bittrex's hot and cold wallets indicates that over $500 million in false transactions were submitted to the bankruptcy court." If the large number of transactions submitted in Bittrex's bankruptcy filing is inaccurate, it could have a substantial impact on creditors striving to recover funds from this defunct trading platform.
Bittrex, which was established in Seattle in 2014, has repeatedly violated regulatory requirements. In May 2023, it filed for bankruptcy, just a few weeks after the U.S. Securities and Exchange Commission accused it of operating an unregistered securities exchange. In December of the same year, the
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Binance Futures will delist the MANAUSD and EGLDUSD trading pairs
On November 7th, as per an official announcement, Binance Futures is scheduled to carry out forced liquidation and automatic deleveraging of the MANAUSD and EGLDUSD perpetual contracts at 09:00 (UTC) on November 13, 2025. The contract will be delisted after settlement. Beginning from 08:30 (UTC) on November 13, 2025, users will not be able to open new positions for the aforementioned contracts. It is recommended that users close their positions before the contract is delisted to avoid automatic deleveraging.
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「Pal」 once again increased his long position on ETH and went long on HYPE.
On November 7th, according to the monitoring of HyperInsight, the "Whale Friend" slightly increased its long position of ETH again within one hour and went long on HYPE. As of the time of this writing, its long position reached $10.59 million.
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