Malaysia's national electricity company, Tenaga Nasional, has suffered a loss of over $1 billion due to electricity theft for cryptocurrency mining.
On November 19th, the Malaysian Ministry of Energy announced that from 2020 to August of this year, the country's state-owned utility company, Tenaga Nasional Bhd (TNB), has suffered a loss of more than $1 billion due to illegal electricity usage by cryptocurrency miners.
In a written parliamentary reply released on November 18th (Tuesday), the Malaysian Ministry of Energy and Water Affairs Transformation stated that during this period, the national power company (stock code: TENA.KL) identified 13,827 premises engaged in illegal electricity usage for cryptocurrency mining.
The ministry pointed out that illegal electricity usage for cryptocurrency mining (especially Bitcoin mining) has caused an economic loss of 4.6 billion Ringgit (approximately $1.1 billion), and added that the national power company is cooperating with relevant departments to curb electricity theft.
Although Malaysia currently lacks specific regulations on cryptocurrency mining, according to the Electricity Suppl
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Bitunix Analyst: Trump Pressures Fed, U.S. Economy May Enter Stagflation Cycle
On November 19th, the U.S. monetary system is encountering a new round of political turmoil. Trump's confrontation with the Federal Reserve has escalated from a war of words to a substantive power struggle. He is trying to remove Governor Powell and appoint economic advisor Milan to the FOMC in an attempt to create a "supermajority" that is supportive of significant interest rate cuts. Several economists have used models to predict that if monetary policy falls under political control, the U.S. will initially experience a short-term prosperity of growth and low unemployment. However, it will then face the structural consequences of inflation rebounding, nominal interest rates rising, and economic growth slowing down, reminiscent of the stagflation risks of the 1970s. The analysis also indicates that politically-driven rate decisions are often closely related to the electoral cycle. While short-term stimuli may create superficial prosperity, the cost is uncontrollable inflation and subs
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「$97M Whale Liquidated」 ZEC Short Position Up 130%, Liquidation Price for Multiple $20M Whale Long Positions Around $6.54M
On November 19th, according to the on-chain AI analysis tool (https://t.me/CoinbobAI_bot) @CoinbobAI_bot, the monitoring data indicates that the BTC whale (0x7b7), which was previously accurately liquidated for $97 million, opened a ZEC short position yesterday and partially closed it 11 hours ago after rolling the position. Currently, the unrealized profit is $2.4 million (134%), with a position size of approximately $19 million. A comparison with yesterday's data shows: liquidation price $683 — current price $655, average price $666 — $661.
This address belongs to a well-known player at Roobet and Stake.com. On November 6th, they transferred $7 million to Hyperliquid for taking big risks with small gains. On November 17th, the player was liquidated while shorting BTC, with a single liquidation amount of nearly $97 million.
According to the monitoring data, the liquidation prices of the top three whales with positions of about $20 million on Hyperliquid were in the range of $653 to
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TIP-6780 Latest Update: TRON Developer Community Releases SELFDESTRUCT Instruction Revision Explanation
November 19th. Lately, the TRON developers community has released the most recent explanation of "TIP-6780: Change to the SELFDESTRUCT Opcode" on Medium and has discussed the impact of this instruction change during a recent developer meeting. According to the plan, this change will be integrated into the upcoming java-tron v4.8.1 version. However, it will not take effect immediately upon release. Instead, the official activation time will be determined through on-chain governance voting after the completion of the network-wide upgrade.
According to the explanation, the core adjustment of TIP-6780 is to limit the usage scenario of SELFDESTRUCT, enabling it to truly delete account data (such as code, storage, and the account itself) only when called in the same transaction that created the contract. At the same time, the barrier to usage will be increased by adjusting the fixed energy cost from 0 to 5000 to reduce abuse risks. This change will make TRON's behavior consistent with Ether
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Coinbase Bitcoin Premium Index has remained in a negative premium since October 31, currently standing at -0.0499%.
On November 19th, based on Coinglass data, the Coinbase Bitcoin Premium Index has been in a continuous state of negative premium since October 31st. Currently, it stands at -0.0499%.
BlockBeats Note: The Coinbase Bitcoin Premium Index is employed to measure the disparity between the Bitcoin price on Coinbase (a major U.S. exchange) and the global market average price. This index serves as an important indicator for observing the fund flow in the U.S. market, institutional investment sentiment, and changes in market sentiment.
A positive premium indicates that the Coinbase price is higher than the global average, usually suggesting: strong buying pressure in the U.S. market, institutional or compliant funds actively participating, abundant USD liquidity, and a predominantly optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average, typically reflecting: significant selling pressure in the U.S. market, a decline in investor r
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