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DeFi Development to Issue $65M Perpetual Preferred Stock for Further SOL Treasury Increase

2 hours ago

On November 12th, the Nasdaq-listed Solana Treasury company DeFi Development (with the stock code: DFDV) announced that it will carry out $65 million in perpetual preferred stock financing. The newly obtained funds will be utilized to further enhance its holdings of SOL and for general corporate purposes.
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White House: Democratic Party Selectively Releases Epstein Emails to Smear Trump

On November 13th, the White House declared that the Democratic Party selectively made public Epstein's emails with the intention of smearing U.S. President Trump. (Forex)

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In the past 4 hours, the total liquidation across the network surged to $213 million, with long liquidations amounting to $195 million.

On November 12th, based on Coinglass data, the total liquidation in the past 4 hours has skyrocketed to $2.13 billion, and the long liquidations reached $1.95 billion. In the past 24 hours, a total of 139,076 people have been liquidated worldwide, with a total liquidation amount of $495 million. The largest single liquidation took place on Hyperliquid - ETH-USD, amounting to $2,021,780.

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Bitcoin Continues Downward Trend, Breaking Below $102,000

On November 12th, according to HTX market data, Bitcoin continued to decline and fell below $102,000, with a 24-hour decrease of 1.3%.

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The SEC Plans to Advance "Token Classification Framework" to Define Securities Attributes in the Cryptocurrency Space

On November 12th, the Chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, outlined his "Token Classification Framework" plan with the aim of clearly differentiating which cryptocurrencies are regarded as securities. Meanwhile, the SEC is advancing digital asset regulation in a novel manner. Paul Atkins stated that the framework will be based on the Howey Test. The Howey Test traces back to a 1946 U.S. Supreme Court ruling, and the SEC frequently refers to this test to determine whether an asset constitutes an investment contract and, consequently, is further regarded as a security. Paul Atkins further added that cryptocurrencies can be part of an investment contract, but this does not imply that they will always be.

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Bitcoin drops below $103,000, with a 24-hour decrease of 0.66%.

On November 12th, according to HTX market data, Bitcoin fell below $103,000, experiencing a 24-hour loss of 0.66%.

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A whale went 25x long on ETH with a position size of $37 million.

On November 12th, as per the monitoring of Onchain Lens, a newly established wallet transferred 8 million USDC into HyperLiquid and initiated a 25x leveraged long position in ETH. The position volume is 10,695 ETH, with a value of 37 million US dollars. The entry price is $3,498 and the liquidation price is $2,808.

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