Bitcoin whales reduced their holdings by 34,000 BTC over the past week.

CoreWeave’s third-quarter revenue reached $3.661 billion, up around 168% year-over-year, and the company raised its full-year revenue guidance to $13 billion to $13.3 billion. However, the firm still posted a net loss of $709 million in the quarter, and expects fourth-quarter interest expenses to hit $1.05 billion to $1.15 billion. This mixed set of macro data directly sparked massive market swings: CRWV contracts on Hyperliquid experienced extreme volatility. The price first jumped from $49.23 before the announcement to $54, then plunged to $46.60 at 06:22, marking a maximum drawdown of roughly 13.7%. After the sell-off, it rebounded quickly, hitting a high of $55.61. As of press time, the mark price stands at $55.07, a roughly 18.2% rebound from the low. During this "V-shaped reversal" rebound window, numerous traders were shaken out of their positions. Data shows that during the period of extreme volatility (from the 06:22 low to press time), 477 addresses traded CRWV, with at least 122 addresses recording losses and liquidating all their CRWV positions. The largest loss came from the address starting with 0x4270, which sold around $352,000 worth of CRWV long positions at an average price of $50.22, for a net loss of roughly $8,083. Meanwhile, some traders locked in short-term gains. The address starting with 0xe1d39 bought and sold CRWV multiple times during the volatility, with total buys of around $990,000 and total sells of around $1.01 million, at an average buy price of $51.29 and average sell price of $52.43. It closed all positions, realizing a profit of around $21,800.

Wall Street Journal chief economics reporter Nick Timiraos, widely known as the "Fed’s mouthpiece," wrote in a recent article that the rebound in U.S. inflation is breaking the gradual pace of rate hikes the Federal Reserve had sought to maintain. Fed officials spent all of October trying to quash market expectations of consecutive rapid rate hikes in the near term, but the latest released data has not aligned with that effort. Data released Tuesday by the U.S. Department of Labor showed that the annualized increase in core Consumer Price Index (CPI), which excludes food and energy prices, hit 3.7% in the three months ending in October, up sharply from 1.6% in the three months ending in July. The report has further cemented market expectations that the Fed will raise interest rates at its December 8-9 policy meeting. The real debate has shifted from whether a rate hike is needed to how quickly monetary policy should be tightened. The article notes that the Fed now faces two options: continue with its previously planned pace of two to three more 25-basis-point rate hikes; or act faster, by implementing consecutive hikes or even a single 50-basis-point increase to deliberately cool economic activity and curb inflation. On Tuesday, remarks from multiple Fed officials indicated that the latter option is drawing more attention. The article states that the Fed’s core dilemma is now clear: persistent, broad-based inflation calls for the central bank to act faster, while cooling AI investment and tightening financial conditions raise the risk of over-tightening. Whether the December meeting will deliver a single 50-basis-point hike or two consecutive 25-basis-point increases will be a key test of the Fed’s policy trade-offs.

Aave risk service provider LlamaRisk has submitted a proposal on the protocol’s governance forum, recommending that Aave V3 Core concentrate on mature, highly liquid collateral, while Aave V4 will support a wider range of assets through risk premiums and isolation mechanisms. The proposal aims to freeze the reserve pools of assets including rsETH, osETH, LBTC, tBTC, and rETH on Aave V3 Core. As of November 9, the collateral value tied to the proposal is roughly $1.33 billion, corresponding to approximately $1.03 billion in debt. Per the proposal, following the freeze, new deposits of these assets will be halted, and their loan-to-value (LTV) ratios will be cut to zero—meaning users can no longer initiate new loans using these assets as collateral. Existing positions may still be held, repaid, or migrated. LlamaRisk plans to coordinate with asset issuers and key borrowers to shift positions to either the collateral retained in V3 Core or Aave V4. If the relevant exposure does not decline, future steps could include gradually lowering the liquidation threshold based on asset conditions, or considering raising borrowing rates in the final phase.

According to people familiar with the matter, Nvidia CEO Jensen Huang walked into the company’s headquarters in Santa Clara, California, on Monday and chaired the usual morning meeting with senior executives. The sources said that at the start of the closed-door meeting, Huang first apologized to employees over the recent controversy. He took no questions and quickly shifted the discussion to business operations and the day’s key agenda items. Huang also came to the office for a meeting on Tuesday. Nvidia is set to release its quarterly earnings report in one week. Insiders at the company said Huang is trying to create an atmosphere of "business as usual", but the mood inside the firm is downbeat.

Cross-chain protocol Across announced it has regained control of its official website domain name, with all systems now operating normally. The project stated it will fully compensate all affected users and publish a full post-mortem analysis report in the coming days. As previously disclosed by Across, attackers seized control of the domain via a social engineering attack on domain registrar Namecheap. During the period the domain was compromised, security response team SEAL 911 helped flag it as a phishing site. Across noted that some wallets or browsers may still show phishing warnings, which are expected to be resolved shortly.

According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, five addresses withdrew a total of 3.102 million UNI from Coinbase over the past seven hours, at an average withdrawal price of $6.7. Four of the five addresses had highly similar withdrawal times and amounts, and none of the receiving addresses have transferred or sold the UNI so far.