Former Treasury Secretary Downplays Economic Recession Concerns, Calls Stock Market Pullback a Natural Phenomenon

Per monitoring by crypto analytics account Ai Yi, a large UNI whale address (0x138…73b4D) that opened a new position yesterday withdrew 600,005 UNI tokens from Binance roughly 40 minutes ago, worth approximately $4.28 million. Data shows the address has accumulated 1,292,895 UNI tokens since October 11, with a total value of around $9.596 million. Its average withdrawal price is $7.42, leading to an unrealized loss of roughly $300,000 at current levels.

According to an official announcement, Binance will discontinue Binance Pool and its related services on November 10, 2026, at 15:00 Beijing Time. The affected services include Binance Pool, Pool Savings, Cloud Mining, Transaction Accelerator, as well as features such as hashrate alerts, email notifications, and mining pool APIs. The notice states that at the specified time, Binance Pool will disconnect miners and deactivate pool Stratum addresses and mining nodes. Hashrate and mining shares submitted after the deadline will no longer be accepted, processed, or counted toward earnings. The related products will also cease operations, with no new rewards, earnings, or service benefits generated. Binance is reminding users to switch to other mining pools before the service shutdown, and to redeem or exit their positions in Pool Savings in a timely manner. Eligible outstanding rewards, balances, refunds, or settlement amounts will be processed per applicable rules after the service is terminated. Additionally, the mining pool entry on Binance’s homepage will be removed on November 10. The mining pool page will remain accessible until 15:00 Beijing Time on November 24, allowing users to view historical data, account records, and payment statuses, after which it will be permanently unavailable.

According to HTX market data, during the earlier sell-off in the crypto market today, Bitcoin’s decline was significantly more limited than that of altcoins. The total market capitalization of altcoins once fell to $1.07 trillion, roughly 10% lower than the recent peak of this rally. Bitcoin’s dominance (BTC.D) rose to 60.32% in tandem, while the ETH/BTC exchange rate dropped to 0.03 – its lowest level since August 19 – down approximately 11% from the recent rally’s peak.

According to Lookonchain’s monitoring, SkyAI, which once held over 2 million SOL tokens valued at roughly $214 million, has been offloading large volumes of SOL recently. The entity has disclosed that it sold 1 million SOL tokens for approximately $107 million in the recent period, adding that it may continue selling. On-chain data shows that SkyAI has transferred out 1.57 million SOL tokens since October, worth around $175 million. Its average purchase price stands at roughly $194, resulting in an unrealized loss of over $160 million.

Beating AI News Flash: Microsoft announced plans to scale up deployment of its in-house developed Maia chips to several gigawatts starting in 2027, positioning them as the primary inference platform for its AI products. According to Reuters, Microsoft may deploy over 1 million Maia 300 chips next year, further reducing its reliance on NVIDIA GPUs. The previous-generation Maia 200 is already in operation with Microsoft Copilot, supporting OpenAI, Microsoft’s own, and open-source models. The new-generation Maia 300 is optimized for long-context inference and multi-step agents, with its compute chiplets fabricated using TSMC’s 2nm process. Each chip is equipped with 288GB of HBM4 memory, delivering a memory bandwidth of 18TB/s. A single Maia 300 rack holds 96 chips, with a power draw of approximately 167kW – twice the number of chips in a previous-generation rack. Microsoft claims the new rack delivers up to 7 times the token throughput of the Maia 200, and generates 40% more tokens per megawatt of power than leading GPU systems.

Per its official announcement, Bitget has launched perpetual stock contracts for ZCSH (Grayscale Zcash Trust) and SNPS (Synopsys). Both contracts are settled in USDT, offer up to 20x leverage, and support 24/7 trading. To date, Bitget supports a total of 348 stock contract underlyings.