「Pal」 once again increased his long position on ETH and went long on HYPE.

On November 7th, as monitored by Spotonchain, in the past two days, two whale addresses have accumulated approximately $20 million worth of HYPE. These include: Whale address "0x5AE" spent 11.21 million USDC to purchase 285,821 HYPE at an average price of $39.23 and is currently still holding 2.79 million USDC in reserve. Whale address "0x152" spent 9.85 million USDC to buy 249,073 HYPE at an average price of $39.54.

On November 7th, as per official channels, four globally prominent mining pools and hashrate ecologies, namely F2Pool, GrandCroix, DePIN X Capital, and Codestream, have officially become part of the Psy Protocol public testnet. They will engage in network operations, transaction validations, and zero-knowledge proof aggregations with actual hashrates, thereby providing fundamental support for performance and security testing prior to the mainnet's launch. During internal benchmark tests, Psy Protocol has verified its processing capacity to be over one million transactions per second (TPS). The protocol architecture assigns the task of generating transaction proofs to users' local devices, while miners verify and recursively aggregate zero-knowledge proofs, effectively decoupling the verification burden from the transaction scale. This design enables the network to scale horizontally as more users participate concurrently and empowers developers to build large-scale Web3 applications a

On November 7th, according to The Wall Street Journal, the mining company American Bitcoin (ABTC) affiliated with the Trump family increased its holdings by 139 bitcoins as of October 24, 2025, and its strategic reserve reached 4004 bitcoins.

On November 7th, based on market data, the pre-market trading of US stocks related to the crypto sector generally declined. These included: Circle (CRCL) decreased by 2.01%; Coinbase (COIN) decreased by 1.57%; MicroStrategy (MSTR) decreased by 2.19%; MARA Holdings (MARA) decreased by 2.2%; Riot Blockchain (RIOT) decreased by 2.54%; Bitmine Immersion (BMNR) decreased by 2.11%; SharpLink Gaming (SBET) decreased by 2.5%.

On November 7th, according to Bloomberg, Kazakhstan is in the process of setting up a national cryptocurrency mining reserve fund. The expected size of this fund is between $500 million and $1 billion. A portion of the funding will be sourced from assets that have been seized overseas and repatriated. The governor of the Central Bank, Timur Suleimenov, stated that the investments of the fund will include ETFs and stocks of companies engaged in the cryptocurrency business. The fund will be extremely cautious when it comes to directly holding cryptocurrency. It is anticipated that the fund will officially launch and commence operations by the end of this year or in January of the next year.