Analysis: Persistent outflows from ETFs combined with weak U.S. spot demand suggest Bitcoin may extend its correction.

According to Bitget market data, the Hang Seng Index (HSI) and Hang Seng Tech Index (HSTECH) opened lower and trended downward today. They attempted to rally in the morning session but lacked upward momentum, with losses widening in the afternoon. By the close, the HSI fell 0.98% to 24,315.92 points, while the HSTECH dropped 1.41% to 4,027.06 points. Trading volume on the HSI market reached HK$180.749 billion, compared with HK$178.175 billion in the previous trading session. In terms of individual stocks, MINIMAX-W (00100.HK) rose 4.04%, and Zhipu (02513.HK) gained 3.73%.

According to Reuters, Deutsche Bank announced today that its digital asset custody service has officially launched and is now available to paying clients. The service, first unveiled in September this year, primarily targets European institutional and corporate clients, supporting the safekeeping and storage of digital assets such as Bitcoin and Ethereum. Paul Maley, Head of Global Trust and Securities Services at Deutsche Bank, stated that the bank’s medium-term goal is to build a fully integrated, regulated ecosystem encompassing digital asset custody, tokenization, and settlement services. The bank previously told Reuters that it plans to expand the relevant services to Asia. Additionally, Deutsche Bank has signed a memorandum of understanding (MoU) with its majority-owned asset management firm DWS, and the two sides will explore comprehensive business and technology cooperation opportunities in the digital asset sector.

ZEC suffered a sharp drop on Hyperliquid, falling from $1199.20 last night to $965.79 this afternoon, a range decline of roughly 19.5%. As of press time, it is trading at $987, with a 24-hour drop of around 14.7%. The sharp market plunge has completely wiped out the long positions of large capital holders. Among the 32 ZEC long addresses holding over $1 million across the market, 27 are now in unrealized losses, accounting for a staggering 84.4%, with total unrealized losses of approximately $23.74 million. These 27 trapped whales hold a total of around 122,600 ZEC, worth about $121 million, making up 90.2% of the whale group’s total long positions and nearly 30% (29.5%) of Hyperliquid’s total open interest (OI) for ZEC perpetual contracts in the same period. The weighted average entry price of these 32 addresses is $1127.26, and the current price is roughly 12.5% below the overall cost line. Among them, the address with the largest unrealized loss, 0xc36a, holds around 13,500 ZEC long positions at an average price of $1229.96, with current unrealized losses of about $3.27 million, and its liquidation price stands at $894.23. Additionally, some diamond hands accounts have been repeatedly liquidated: Address 0x8f74 was forced to close all its 567 long positions this morning, suffering a loss of around $112,500. Meanwhile, address 0xb200 was liquidated three times in the past 24 hours, totaling 324 positions.

Per official announcements, the Openτensor Foundation has launched Gamma Tokens, the native payment system for the Bittensor AI economy. Going forward, users and AI agents can directly access and pay for services across subnets using Bittensor wallets, eliminating the need to register separate accounts or apply for API keys for each subnet.

According to Bitget’s official data, as of press time, the total investment in the IPO Prime project Anthropic’s VIP round stands at $101,592,299, with 2,166 participants. The VIP round subscription will close today at 16:00 (UTC+8). Users in VIP 1 to VIP 7 tiers can participate using USDT or USDGO before the deadline, with a personal investment cap of $3 million and a total investment pool cap of $1 billion. Additionally, the public round subscription opened at 16:00 on November 10 and will run until 16:00 (UTC+8) on the day before the IPO. It is open to all users, with an investment range of $100 to $25,000. Eligible users may participate in both rounds, with separate allocations for each. For more details, please refer to Bitget’s official platform.

According to official announcements, payment company PayPal has joined the x402 Foundation as a Premier Member. PayPal will participate in advancing open standards for AI agent autonomous payments and checkouts, ensuring the relevant infrastructure is not reliant on a single service provider.