In the past 1 hour, the entire network saw $239 million in liquidations, with a single BTC short position liquidated for $96.51 million on Hyperliquid.

On November 18th, as per Decrypt's report, the Trump administration recently put forward a regulatory proposal. The aim of this proposal is to enable the IRS to obtain crucial information about US citizens' overseas cryptocurrency accounts and enforce taxation. According to a notification on the government website, the Treasury Department's cooperative proposal for the US to join the international cryptocurrency tax reporting framework was submitted to the White House last Friday, and it will be reviewed by the President's advisory team. Earlier this year, the White House urged the Treasury Department and the IRS to formulate relevant rules in order to promote the US's participation in the "Cryptocurrency Asset Reporting Framework" established by the OECD in 2022. This multilateral agreement requires member countries to automatically share citizens' cryptocurrency asset information to combat cross-border tax evasion. Currently, among the G7, hubs for cryptocurrency such as Japan, Germ

On November 18th, as reported by The Block, the analyst at TD Cowen investment bank pointed out that with the resumption of operations by the federal government, the U.S. Securities and Exchange Commission (SEC) will enter a crucial period in the next 12 months. This is because the agency is working on formulating regulatory rules for the cryptocurrency industry. The TD Cowen Washington research team led by Jaret Seiberg stated in a report that after the longest government shutdown, the market's focus has shifted to the policy agenda of SEC Chairman Paul Atkins. "After the government restarts, the SEC will face the most important 12 months of Atkins's chairmanship, and his agenda of regulatory relaxation will enter a substantive stage," Seiberg said on Monday. Since the new Trump administration took office this year, the SEC has taken several actions to clarify its stance on crypto regulation. These actions include issuing custody guidelines, holding roundtable discussions, and launc

On November 18th, according to Coinglass data, if Bitcoin were to fall to $92,000, the cumulative long liquidation strength of major CEXs would reach $848 million. Conversely, if Bitcoin were to break through $95,000, the cumulative short liquidation strength of major CEXs would reach $491 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually show the relative significance of each liquidation cluster to adjacent liquidation clusters, that is, strength. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be impacted when it reaches a certain level. A higher "liquidation bar" indicates that when the price is reached, it will generate a more intense reaction due to a liquidity cascade.

On November 18th, Sharps Technology disclosed its quarterly financial report for the first time following the adoption of a Solana-centric digital asset reserve strategy. The figures indicate that the revenue from its core medical device business is quite minimal, while the company holds approximately 2 million SOL tokens. The Nasdaq-listed company stated in regulatory filings that, as of September 30th, the fair value of its digital asset portfolio was $404 million. However, given the current price of SOL at around $138, the company's holdings are now substantially devalued to $275 million. Moreover, the company's quarterly product revenue was merely $83,622, while the product costs exceeded $1.2 million, resulting in a substantial loss in the manufacturing business. Sales and administrative expenses skyrocketed to $110.7 million, causing the quarterly net loss to nearly reach $103 million. Driven by the cryptocurrency holdings, the total assets soared from $7.3 million at the end of

On November 18th, based on HTX market data, Ethereum dropped below $3,100 and is currently priced at $3,094.

On November 18th, according to on-chain data analyst Yu Jin, BitMine witnessed an increase of 54,000 ETH (approximately $180 million) in its ETH holdings last week. Its total ETH holdings have now reached 3.56 million ETH (approximately $11.27 billion), approaching 3% of the total ETH supply. Currently, its average ETH holding cost is $4,019, with an unrealized loss of $2.98 billion (-21%).