BlackRock's IShares Blockchain ETF Sees Record $523 Million Single-Day Outflow
On November 19th, BlackRock's iShares Bitcoin Trust (IBIT) witnessed its largest single-day net outflow since its start in January 2024.
Yesterday, IBIT experienced a fund outflow of $523.15 million, surpassing the previous record of $463 million set on November 14th. The ETF has seen net outflows for 5 consecutive days, with a total of $1.43 billion. As the world's largest physically backed Bitcoin ETF (with net assets of $72.76 billion), IBIT has been in a trend of outflows since late October. On a weekly basis, the fund has seen 4 consecutive weeks of outflows, totaling $2.19 billion.
This outflow of funds occurs as Bitcoin has recently seen a sharp decline. The cryptocurrency has fallen from its all-time high of $126,080 in early October to below $90,000 earlier this week. Despite the continuous outflow of funds, Vincent Liu, the CIO of Kronos Research, stated that institutional investors are rebalancing rather than completely abandoning Bitcoin.
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The largest ZEC short position on Hyperliquid still has an unrealized loss of $13.77 million, with only the funding fee already resulting in a loss of over $500,000.
On November 19th, as per AI Monitor, the leading short position on ZEC on Hyperliquid still remains in the red with a loss of $13.77 million:
Address 0xd47...51A91 has been shorting ZEC with 10x leverage since the end of October. The highest ZEC price reached $750, which is 2.08 times higher than its entry price of $360. The address has been maintaining this position all along, and only due to funding fees, a loss of $536,000 has occurred so far.
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Huobi HTX Lists Tesla Stock Token TSLAX Perpetual Contract
On November 19th, according to an official announcement, Huobi HTX launched the TSLAX/USDT perpetual contract on November 19th with a maximum leverage of 20x. This is the first Coin Stock contract listed on Huobi HTX. TSLAX (Tesla xStock) is a tokenized stock created by the compliant tokenization company Backed Finance and tracks Tesla's stock price. Its aim is to enable crypto users to access Tesla's stock price in a compliant manner while leveraging the advantages of blockchain technology.
Furthermore, Huobi HTX will host a TSLAX Contract Trading Party from 3:00 PM on November 19th to 3:00 PM on November 26th (UTC+8), with a total prize pool of up to $10,000. During the event, users who sign up and participate in TSLAX/USDT contract trading with a cumulative trading volume ≥$10,000 USDT can share the prize pool based on their trading volume ranking. New users trading the TSLAX/USDT contract will also receive exclusive benefits.
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Binance Alpha New Airdrop GAIB Point Threshold Announcement: At Least 245 Points
November 19th. Binance Alpha emerged as the inaugural platform to list GAIB (GAIB). Alpha trading is set to commence on November 19, 2025 at 10:00 (UTC). Once trading becomes operational, users possessing at least 245 Binance Alpha Points can partake in a first-come, first-served airdrop of 175 GAIB tokens. In the event that the reward pool remains unclaimed in full, the points threshold will automatically decrease by 5 points every 5 minutes. It is important to note that claiming the airdrop will consume 15 Binance Alpha Points. Users are required to complete the confirmation on the Alpha event page within 24 hours; otherwise, they will be regarded as having forfeited their airdrop eligibility.
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SafePal's native integration of the Hyperliquid smart contract transaction with the HyperEVM blockchain
On November 19th, the Web3 wallet brand SafePal announced that it has natively integrated the decentralized smart contract trading platform Hyperliquid. Currently, users are able to directly engage in leveraged contract trading with up to 40x leverage within the SafePal App without the need for KYC.
Meanwhile, SafePal has also integrated the HyperEVM blockchain, enabling users to securely manage $HYPE and other native HyperEVM assets within the SafePal software and hardware wallets. Additionally, support for a plugin wallet will be available soon.
The official team disclosed that a Walletdrop airdrop event will be launched in the future to reward active users who explore the new perpetual contract feature within the SafePal wallet.
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