「Binance Smart Chain Life」 Market Cap Falls Below $1 Billion, Over 26% Decrease in 24 Hours

On November 21st, according to CoinGecko data, with Bitcoin falling below $86,000 today, the total crypto market capitalization dropped to $3 trillion. Currently, it stands at $3.018 trillion, with a 24-hour decline of 6.3%.

On November 21st, as per the monitoring of Onchain Lens, a whale transferred 2.24 million USDC into Hyperliquid and initiated a 40x leveraged short position on Bitcoin.

On November 21, according to the monitoring of Hyperinsight (accessible via https://t.me/HyperInsight), the "largest BTC short position" on Hyperliquid is currently shorting 1231.98 BTC with a leverage of 20 times (approximately $105 million). It has an unrealized profit and loss (PNL) of $31.8 million, and the average entry price is $11,1499.

On November 21st, based on the latest CoinWarz data, due to the fluctuation of the network hashrate and a slight price rebound, the daily revenue from Zcash (ZEC) mining has experienced a mild increase. At present, the average daily output has slightly improved compared to the previous day, and miner sentiment has stabilized in the short term. Currently, the mining difficulty of the ZEC network is 154.26 M, which is close to its all-time high.

On November 21st, Citibank and Swift announced the completion of a pilot project for Payment-versus-Payment (PvP) settlement between fiat currency and digital currency. This has validated the interoperability of the traditional financial system with a distributed ledger network. The pilot project was built on the existing Swift infrastructure and achieved seamless integration through an institutional-grade blockchain connector, a business process coordinator, and smart contracts. Additionally, Citibank used a test version of USDC on the Ethereum Sepolia testnet to simulate a near-production environment.

On November 21st, according to on-chain analyst Ai Auntie (@ai_9684xtpa), a whale was seen "offloading ETH and a portion of WBTC." In the past 8 hours, the whale sold 250 WBTC (valued at $21.17 million) at an average price of $84,710, incurring a loss of $7.948 million. During the period from November 17th to November 21st, the whale gradually sold off its ETH holdings. It sold 17,497 ETH (worth $52.41 million) at an average price of $2,994.9, realizing a loss of $18.4 million from its earlier acquisition of 13,316 ETH. This whale, which accumulated WBTC and ETH at their peaks in August and September this year, has suffered a total loss of $26.348 million in less than four months, with the remaining 1,310 WBTC still unrecognized with a loss of $40.71 million.