Today's news alert:
NEXT WEEK'S MACRO VISION: AMERICA'S CPI OR FIRST ABSENCE, GOLD WAITING FOR A NEW CATALYST
2. Tax relief provided by the United States Treasury to private equity, encrypted currency, etc. without legislation
Analysts: whales holding bitcoin for more than seven years began to be available in large quantities last November and have intensified this year
4. Stables Labs announced the start of USDX restoration and the opening of the registration window
Coinbase: The October dump is not the end of the cycle, or just the adjustments required for the cycle
6. François Alpha will fly on 10 and 11 November on JCT and Allo
7. Early Bitcoin investor Owen Gunden deposited 600 BTCs to Kraken
Macro
MACRO VISION NEXT WEEK: US CPI OR FIRST ABSENCE, GOLD WAITING FOR NEW CATALYSTS
OVER THE PAST WEEK, MARKET RISK PREFERENCES HAVE DECLINED SIGNIFICANTLY AS A RESULT OF THE CONTINUED STAGNATION OF THE UNITED STATES GOVERNMENT, PRIVATE SECTOR EMPLOYMENT REPORTS SHOWING A SLOWDOWN IN THE LABOUR MARKET AND CRACKS IN THE AI VALUATION BUBBLE. IN THE COMING WEEK, THE MARKET WILL CONTINUE TO FOCUS ON THE ASSOCIATED PROGRESS OF THE UNITED STATES GOVERNMENT'S SUSPENSION AND THE PROSPECT OF A FURTHER FALL IN THE FEDERAL RESERVE'S INTEREST RATE. THE CONTINUED CLOSURE OF THE GOVERNMENT MAY MEAN THAT MORE ECONOMIC DATA WILL BE RELEASED LATE. THE FOLLOWING ARE SOME OF THE HIGHLIGHTS THAT THE MARKET WILL FOCUS ON IN THE NEW WEEK:
WEDNESDAY 22:20, FOMC PERMANENT VOTE COMMISSION, CHAIRMAN OF THE FEDERAL RESERVE IN NEW YORK, WILLIAMS
WEDNESDAY 2300, 2026, FOMC, CHAIRMAN OF THE PHILADELPHIA FEDERAL RESERVE, PAULSEN, ADDRESSED THE COMMITTEE ON FINANCIAL SCIENCE AND TECHNOLOGY
THURSDAY, 1.15 P.M., 2027, ADDRESS BY FOMC, CHAIRMAN OF THE ATLANTA FEDERAL RESERVE
(C) THE NUMBER OF UNEMPLOYED PERSONS IN THE UNITED STATES UNTIL THE BEGINNING OF THE WEEK OF 8 NOVEMBER
ON FRIDAY, 1.15 P.M., IN 2025, FOMC, CHAIRMAN OF THE FEDERAL RESERVE OF ST. LOUIS, MUSALEM, SPOKE ON MONETARY POLICY
FRIDAY 1:20, 2026, FOMC, CHAIRMAN OF THE CLEVELAND FEDERAL RESERVE, HAMMARK, PARTICIPATED IN AN OVENSIDE CONVERSATION
FRIDAY 22:20, 2027: ADDRESS BY FOMC, CHAIRMAN OF THE ATLANTA FEDERAL RESERVE
FRIDAY:05, 2025, FOMC, CHAIRMAN OF THE KANSAS FEDERAL RESERVE, SCHMIDT, SPOKE ON ECONOMIC PROSPECTS AND MONETARY POLICY。
THE HIGH COURT OF HONG KONG IS SCHEDULED TO HEAR EIGHT ACCUSED IN THE JPEX CASE ON 15 DECEMBER
ACCORDING TO THE HONG KONG PRESS REPORT, THE HONG KONG POLICE HAVE INDICTED 16 PERSONS FOR THE INVESTIGATION OF THE SUSPECTED FRAUD OF JPEX, THE VIRTUAL CURRENCY TRADING PLATFORM, AND CURRENTLY EIGHT DEFENDANTS IN THE FIRST CASE WILL BE BROUGHT BEFORE THE HIGH COURT AND REMANDED UNTIL 15 DECEMBER, AND SOME HAVE BEEN GRANTED BAIL. THE CHIEF FINANCE AND TREASURY OFFICER OF HONG KONG, XU JONG-WOO, INDICATED THAT THE JPEX CASE WOULD BE FOLLOWED BY CONSIDERATION OF UPDATING REGULATIONS TO OPTIMIZE REGULATIONS IN TERMS OF TRANSACTIONS, STABILIZATION OF CURRENCY, TRUSTEESHIP AND DIGITAL ASSET DEALERS。
Previous informationIN THE JPEX CASE IN HONG KONG, THE POLICE PROSECUTED 16 PERSONS, INCLUDING CORE MEMBERS SUCH AS LIN AND KOL, AND THE MAIN REMAINS AT LARGE。
U.S. Treasury provides tax relief to private equity, encrypted currency, etc. without legislation
According to Kim Xiao, citing The New York Times, the United States Treasury Department has adopted proposed regulations to provide tax relief to private equity companies, encrypted money companies, foreign real estate investors and other large companies. For example, in October this year, the United States International Tax Administration (IRS) issued new proposed regulations that will provide concessions to foreign investors investing in United States real estate. In August this year, the United States National Revenue Service (IRS) proposed to ease the protection against tax avoidance by transnational corporations by declaring duplicate losses in several countries. These announcements have not yet appeared on the headlines, but have been brought to the attention of accounting and consulting firms. Kyle Pomerleau, a senior researcher at the think tank American Institute of Enterprise, stated that: “ the United States Department of the Treasury has apparently been implementing tax cuts without legislation. Congress decides on tax laws. This constitutional principle is undermined by the Ministry of Finance ' s claim to greater powers over the structure of the tax code than those conferred by Congress. ”
Russian entrepreneur Roman Novak and his wife Anna were kidnapped and killed in the United Arab Emirates. Roman Novak used to defraud investors of millions of dollars through various encrypted money projects. In 2020, Roman Novak was sentenced to six years ' imprisonment for fraud. Roman Novak then moved to Dubai, created an encrypted currency application, Fintopio, and allegedly raised hundreds of millions of dollars from new investors. In early October, Roman Novak and his wife travelled near Khatta to attend a meeting of seemingly promising investors near the UAE-Oman border. However, they switched vehicles and were never heard of。
As there was no news for several days, Roman Novak ' s relatives called the police. The Russian and UAE authorities conducted investigations on the suspicion that the couple had been lured into a rented villa under false pretences and that the business meeting had suddenly turned into a case of kidnapping for ransom。The kidnappers attempted to coerce Roman Novak into handing over large amounts of encrypted money, which was reportedly stored in his wallets and accounts related to applications and past fraudulent activities. The kidnappers failed and the tragedy followed: Roman Novak and his wife were killed。
Views
Michael Saylor sent &ldquao; buy &rdquao now; support bitcoin at market lows
Michael Saylor, founder and Executive Chairman of Strategy (formerly Micro-strategy), sent a message on platform X at “ now buy ” and support bitcoin at the market low。
Analyzers: whales holding bitcoin for over seven years began to surge last November
The co-founder of Capriole Investments, Charles Edwards, shared a chart on platform X showing the sale of bitcoin OG holders (persons holding bitcoin for seven years or more). Figure: Orange is $100 million for sale, red is $500 million for sale. Charles Edwards indicates that bitcoin OGs are in cash, and the sale began in November 2024 and intensified in 2025。
For a chart shared by Charles Edwards on platform X, as co-founder of Capriole InvestmentsBITCOIN, THE OGS ARE CASHING OUTI don't know. The chain analyst Willy Woo pushed that every movement of OG should not be interpreted as being sold. It points to three key matters that are often misunderstood as sales but may not be relevant to price-driven liquidation:
- Address upgrade: Many OG holders are moving tokens from traditional addresses to Taproot addresses in search of security (not for realization)。
- Trust rotation: tokens may be transferred to institutional custodians (e.g. Sygnum Bank) to better protect against physical theft and lock-down attacks, or to borrow as collateral without having to sell。
- Participating states: Some “ OG” tokens are being transferred to equity packaging companies or treasury companies to enable holders to leverage, borrow or optimize their holdings without triggering taxable sales。
Woo noted that the chain data showed only &ldquo of tokens; transfer ” and did not reflect the true intent behind the transaction. Thus, while the graph shows that Bitcoin bosses are in “ selling ” the resilience of prices in this large-scale sale highlights the absorptive capacity of the market。
In an interview with CNBC, Alex Thorn, research director of Galaxy Digital, stated that the optimism about Bitcoin was much higher at the beginning of the year, but that this encrypted currency might soon regain its heat. Thorn indicates that investors have turned their eyes to the areas of artificial intelligence, nuclear energy, quantum technology and gold. & ldquo; there are many other areas where gains can be made this year, which hinders the allocation of a bitcoin by investors. Despite Thorn's long-term interest in bitcoin, Thorn reduced the end-of-year target price of bitcoin from $185,000 to $120,000。
In its monthly outlook report, Coinbase Intitumental stated that, while the encryption market was still in a state of panic, the October liquidation event was more likely to signal a strong, rather than weak, return in the medium and long term and provide a good basis for the fourth quarter of the boom. However, overall market stability may take months, and it is now more likely that there will be slow growth in the medium term rather than soaring to new heights in history。
It was noted that the current level of leverage had improved, but the liquidity gap remained. Capital is being rotated and smart funds are gathering around the EVM chain, the RWA and the yield agreements — — this indicates that investors are reinvesting in selective risks rather than withdrawing. Macro-risks remain, but structural needs are increasing. Coinbase concluded that this was the flooring phase before the next round, not the top of the cycle。
Project developments
Stables Labs wrote on platform X that USDX market prices had deviated from its reference value as a result of recent market liquidity and liquidation dynamics. USDX stabilization mechanisms are supported by collateralization and hedge strategies, but adjustments to these mechanisms may be somewhat delayed under extreme market conditions, following which the affected holders will be provided with a recovery path based on the value of US$ 1, which is voluntary in nature and does not constitute any form of guarantee, obligation to redeem, deposit absorption or pooled investment products. To ensure transparency and verifiability, the balance of the affected holder of the application window will be determined through a chain snapshot. Phased recovery progress will be publicly and reliably disclosed。
MLM: The Hyperliquid team is testing a protocol called BLP
ACCORDING TO MLM ON PLATFORM XThe Hyperliquid team is currently testing a protocol called BLP in Hypercore, speculating that BLP represents BorrowLendingProtocol, which appears to be a home-grown lending market in Hypercore, with lending, supply and extraction functions, and which currently offers only two encrypted currencies: USDC and PURR. Perhaps they would secure multiple bond transactions by introducing a bottom-up level of borrowing. But it is not certain yet that everything is just speculation。
Re7 Labs publishes xUSD de-coupling impact reports, with over $13 million of funds affected by Stable Labs. The report states:
1 Stream-xUSD: Stream CEO has assured that the financial situation is stable and not affected by market events, and is now partially repaying the borrowing position on Plasma and USDC worth $7 million in Re7 Labs' treasury on Worldchain; at the same time, in order to prevent further risk exposure, Re7 Labs transferred all funds from the Earn Treasury from the xUSD market. In addition, the upper limit of the xUSD market was set to 0 and it was removed from the supply queue of the Euler Earth vault。
2, Elixir-deUSD and sdeUSD: Borrowers using deUSD and sdeUSD as collateral appear to have started to reduce their exposure to Stream and Elixir following the discovery last week, including by lowering investment caps and transferring funds from markets containing xUSD, deUSD and sdeUSD, which are now fully repaid on Plume
3; Stable Labs-USDx and SUSDx: This week he communicated with Stable Labs CEO Flex and found that he might be in trouble, that he is now being asked to deposit his money in order to calm users, and that funds affected by Stable Labs amount to approximately US$ 13,114,000, for which no response has been received。
Re7 Labs indicated that legal advice was being sought and that an overall assessment of the various aspects of the incident would result in appropriate legal and strategic responses。
François Alpha will fly on November 10 and 11, JCT and Allo
According to the official announcement, on November 10th and November 11th, respectively, Française Alpha will be on-line with Jancing (JCT) and Allora (ALLO) airdrops. Eligible users can go to the Alpha campaign page to collect their airdrops using the coin Alpha points after the Alpha transaction has been opened. Details will be published separately。
Currency: Over 231 Alpha credits to obtain 960 TIMI drops
According to the official announcement, the deal for François Alpha Meta Arena (TIMI) will start on November 9, at 2100 (UTC+8). Users holding at least 231 ANN Alpha credits can apply for a token drop. 960 TIMI drops on the Alpha campaign page. If activity is not completed, the fraction threshold will be automatically reduced by 5 minutes per minute. The drop will cost 15 points of An Alpha. Users are required to confirm the application within 24 hours of the Alpha campaign page, otherwise they are considered to have given up taking the drop。
Euler: Euler DAO Treasury will move to a new multiple signer address
The encrypted lending agreement Euler sent a message on platform X that Euler DAO Treasury would be relocated to a new multi-signed address, as the current multi-signed address of Treasury assumes the dual role of holding DAO funds and implementing protocol governance, without separating it from operational risks. It is understood that the new multiple-signature address has been created and that the assets in the existing multi-signature address will be transferred to the new address, excluding the agreed income, which will be retained for the time being to facilitate easy tracking during the transition period and the new multi-signature address will be dedicated to asset management and configuration。
Important data
Bitwise CEO: Solana ETF total financial inflows over $500 million
In a message from Platform X, Chief Executive Officer Hunter Horsley stated that yesterday, Bitwise Solana ETF (BSOL) had received $30 million in inflows and that, since it had been on the line, there had been daily inflows for the past eight days, totalling more than $500 million to date。
Early Bitcoin investors Owen Gunden deposited 600 BTCs with Kraken
According to Onchain Lens, early Bitcoin investors Owen Gunden added 600 bitcoins to Kraken ' s account, valued at $61.17 million. Owen Gunden still holds 6050 bitcoins worth $618.8 million。
CryptoSlam data show that NFT market transactions fell by 9.22 per cent to $85.31 million over the past week. The number of NFT buyers fell by 96.75 per cent, to 20,349, and the number of sellers decreased by 95.05 per cent, leaving only 23,241. NFT transactions dropped by 4.21 per cent to 1,405,561。
The value of the Taifung network transactions amounted to $33.42 million, down 14.97 per cent from the previous week. Base network transactions amounted to $7.25 million, a decline of 27.35 per cent. Mythos Chain network transactions amounted to $7 million, a decline of 11.3 per cent。
High-value transactions this week include:
- CriptoPunks #8295 sold at US$196,275.14 (54.69 ETH)。
- CriptoPunks #5361 sold at US$173,369.70 (45 ETH)。
- CriptoPunks #5295 was sold at USD 165,743.73 (49.99 ETH)。
- CriptoPunks #9537 was sold at US$160,023.86 (41.5 ETH)。
- CriptoPunks #2845 sold at $151,059.23 (39 ETH)。
📅Diterbitkan：2025/11/10 00:34
🔄Diperbarui：2025/11/10 00:34
🔗Sumber：PANews