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- James Wynn's 40x BTC short position collapsed as Bitcoin surged past $106,000, wiping $100k+ from his account in 12 hours of rapid liquidations. - Crypto derivatives platforms recorded $341.85M in liquidations (74.7% from short positions) as Bitcoin reclaimed key technical levels and ETF inflows boosted demand. - A $131M BTC short faces liquidation risk if prices hit $111,770, highlighting systemic risks from over-leveraged bearish bets amid unexpected market reversals. - Analysts warn excessive leverage
- Square (Block Inc.) expanded Bitcoin payments to 4M+ merchants via Lightning Network, enabling instant, low-cost QR code transactions. - Zero-fee Bitcoin processing until 2026 (1% thereafter) challenges traditional 2.5%-3.5% credit card rates, boosting small business adoption. - Strategic move counters PayPal/U.S. Bancorp, leveraging Square's 48 NPS loyalty and 12% YoY GPV growth to dominate digital payments.
- CoreWeave reported $1.36B Q3 revenue (134% YoY) and $55.6B backlog, driven by AI cloud demand. - Stock fell 3.68% despite $12B 2025 CapEx, $110M net loss, and CEO selling $5.7M shares. - Partnership with CrowdStrike aims to secure AI infrastructure, but investors question profitability. - 2026 CapEx forecast at $28B raises concerns about converting $55.6B backlog into cash flow.
- Zcash (ZEC) surged 425% in 2025, trading at $528.95 as of November 6, driven by whale activity, DeFi integration (e.g., zenZEC), and rising privacy demand. - Regulatory challenges loom, with EU rules banning privacy coins by 2027 and U.S. enforcement actions targeting unlicensed privacy tools, complicating ZEC's compliance. - ZEC's hybrid model (transparent/shielded transactions) and institutional interest (e.g., BitMEX co-founder's portfolio) suggest potential for niche adoption amid regulatory tensions
- Zcash's 2025 halving reduces block rewards by 50%, tightening supply and mirroring Bitcoin's deflationary model. - Historical data shows 500%+ price surges post-halving, with Grayscale's $137M Zcash Trust signaling institutional interest. - Privacy-focused shielded transactions (28% of supply) decouple demand from speculation, enhancing long-term utility. - Speculative FOMO drives ZEC's 1,172% YTD surge, while inverse Bitcoin dynamics attract investors during crypto downturns. - Risks include regulatory
- Zcash (ZEC) surged 472% in late 2025 to $420, driven by institutional adoption and privacy-focused innovation. - Grayscale invested $137M in ZEC via ZCSH, leveraging its optional transparency model to navigate AML regulations. - U.S. Clarity/Genius Acts provided legal clarity for privacy coins, while Zenrock’s zenZEC bridged privacy and DeFi. - Zcash’s 150% QoQ on-chain growth and institutional endorsements position it as a privacy-first alternative to Bitcoin . - Regulatory risks persist, but Zcash’s hy
1. Top News: DeFi Sector Tokens Soar, UNI Surges Over 38% in 24 Hours 2. Token Unlocking: $APT, $IO, $LAYER
- 09:28CryptoQuant: Market deleveraging is approaching a critical point, analysts see it as a buy signalAccording to ChainCatcher, market sources report that analyst GugaOnChain stated that the open interest (OI) in the cryptocurrency market has dropped by 11.32%, approaching the critical threshold of 12%, which is seen as a strong buy signal. This deleveraging indicates that the market is clearing excessive speculative leverage, and historically, such events have been considered a necessary process for a healthy market "reset." Bitcoin has previously experienced OI declines ranging from 8% to 19%, with the total open interest dropping by more than 10 billions USD in extreme cases. Although current market sentiment may still be in a state of "extreme fear," major financial institutions such as JPMorgan believe that after large-scale leverage clearing, Bitcoin has "significant upside potential." Analysts believe that the current market is building a more stable foundation, creating favorable opportunities for long-term investors.
- 09:09Japanese company Startale launches super app for Sony Soneium blockchain ecosystemChainCatcher reported that Startale Group and Sony Blockchain Solutions Lab have jointly announced the launch of the Startale App, an all-in-one super application designed as the gateway to Sony's Ethereum Layer 2 network Soneium and its ecosystem. This app will serve as the access portal for future token generation events, airdrops, and Soneium ecosystem rewards. According to the official announcement, multiple projects on this network plan to distribute airdrops, rewards, and exclusive experiences through this application. The announcement states that the Startale App adopts account abstraction technology, eliminating the need for mnemonic phrases, enabling gas-free transactions, and simplifying wallet management to promote activity within the Soneium ecosystem. The app supports mini-program functionality, allowing developers to build applications directly on the network without the need for standalone websites. Currently, the app is in closed testing, and the official launch date has not yet been announced.
- 09:05Trade tensions resurface as Bitcoin retreats from one-week highJinse Finance reported that bitcoin retreated after reaching a one-week high overnight, having touched $107,454 and now down 0.5% to $105,011. The market is optimistic that the record-breaking U.S. government shutdown may soon end, but risk sentiment in Asian markets has suffered a setback as new concerns over trade tensions emerge. (Golden Ten Data)