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U.S. stocks closed higher on Wednesday, with technology shares strengthening, Dell surging, and oil prices stabilizing. U.S. Treasury yields approached 5%, and global stock markets may face a 5%-8% correction. Trump said the strikes on Iran would end soon and that the Strait of Hormuz would be renamed the Trump Strait. The former British prime minister warned that failure to control debt would force emergency spending cuts. The Beige Book said the U.S. economy grew moderately, with AI and data centers serving as key supports. Tron’s USDT supply surpassed Ethereum’s for the first time. Broadcom’s Q3 results exceeded expectations, and its AI revenue guidance was raised. Robinhood Chain generated $3.75 million in daily fees, exceeding the combined total of Solana, ETH, and Base.

ZachXBT warns Canada is among the lax jurisdictions with rampant abuse; US Treasury sanctions eight Canadian OTCs, including NNCE and MillionEx, after his earlier appeal to sanction Iranian-Canadian platforms used for laundering crimes.

Abstract: ZachXBT claims Canada has weak crypto laws amid abuse, and the US Treasury sanctions eight Canadian OTCs, including NNCE and MillionEx, following prior calls to curb Iranian-Canadian platforms used for laundering.

According to HODL15Capital's monitoring, the holder known as “Mr. 1,000” added Bitcoin in six transactions between November 5 and 6, acquiring 1,000 BTC each time and increasing its balance from 1,000 BTC to 6,000 BTC. The last transaction was recorded on November 6 at 03:38. The balance was worth approximately $456 million, based on a price of $75,980.15 per BTC. Source: ChainCatcher

According to HODL15Capital's monitoring, the holder nicknamed "Mr. 1,000" added Bitcoin in six increments from November 5 to 6, increasing by 1,000 BTC each time and raising the balance from 1,000 to 6,000 BTC. The last entry was on November 6 at 03:38, with a balance valued at about $456 million, priced at $75,980.15 per BTC. Source: ChainCatcher

ME News reports that on November 8 (UTC+8), address 0x45d2...4029 ranked among the top five on Hyperliquid’s 24-hour profit leaderboard. The other addresses on the list all belong to market makers or asset management firms, making this address the only individual trader in the top five. It earned $2.13 million over 24 hours, with cumulative profits of $72.85 million and current positions worth $145 million. (Source: PANews)

ME News reports that on November 8 (UTC+8), Linyi authorities issued a risk warning stating that the “环球证券交易所” and “储蓄工程” apps are suspected of engaging in illegal financial activities. The “环球证券交易所” project promotes high returns to induce people to invest in and purchase virtual currencies. Participants are urged to exit as soon as possible to avoid losses. The “Notice on Further Preventing and Handling Risks Related to Virtual Currencies” issued by the People’s Bank of China and other departments clearly states that virtual currencies do not have the same legal status as fiat currency. (Source: ODAILY)

Since Oct 14, CVD turned negative to 105,300 BTC, signaling net selling exceeds buying; BTC price fell from $84k to $76k, with bears currently dominant.

Abstract: CryptoQuant analyst Axel Adler Jr. reports that since October 14 the CVD (cumulative volume delta) has turned negative and fallen to 105,300 BTC, indicating net selling exceeds buying. During the same period, BTC price declined from $84,000 to $76,000, suggesting bearish pressure remains dominant in the market.

Onchain Lens reports Abraxas Capital holds about $4.52B in Hyperliquid open positions, nearly all shorts, roughly four times Wintermute’s perpetual exposure. Unrealized profit is $30.77M, with total short exposure at $451.68M; largest shorts are BTC, HYPE, ETH, ZEC.
Abstract: Onchain Lens data show that Abraxas Capital holds about $4.52 billion of open positions on Hyperliquid, almost all shorts, roughly four times Wintermute's perpetual exposure. Unrealized profit stands at $30.77 million, with total short exposure of $451.68 million. The largest short positions are BTC, HYPE, ETH, and ZEC.

South Korea's Financial Services Commission is pushing a draft Digital Assets Basic Act, planning to submit it for legislative action by lawmakers within November. The draft would set a 15–20% cap on any single shareholder’s ownership of a crypto trading platform, with a 1–2 year transition period, or potentially apply the cap only to voting rights. Market entry would shift from a notification-based system to a licensing system, and stablecoins would be issued by bank-led consortia. The draft also discusses no-fault compensation for hacks and system incidents, as well as suspending business operations for violations of actual asset-holding requirements. The deputy prime minister and finance minister said taxes on crypto asset income would be postponed by two years. The ruling party will prioritize drafting the law to establish a comprehensive regulatory framework and give businesses and investors time to adapt.

South Korea's Finance Committee is coordinating interagency differences to push a Digital Assets Basic Act, aiming to propose it within November and advance it through parliamentary legislation. The draft would cap crypto exchange single-shareholder ownership at 15-20%, with a 1-2 year transition, or potentially limit to voting rights; market entry would shift from declaration to licensing; stablecoins would be issued by bank-led consortia. It discusses no-fault liability for hacks and system outages and suspending operations for violations of actual asset-holding obligations. The deputy prime minister and finance minister said crypto income tax will be postponed by two years; the ruling party aims to establish a comprehensive regulatory framework and provide an adaptation period for businesses and investors.

ME News reports that on November 8 (UTC+8), the latest data released by the Shanghai Stock Exchange showed that, to date, more than 2,300 companies are listed on the Shanghai market, with a combined market capitalization of over 65 trillion yuan. Among them, nearly 100 leading A-share companies have market capitalizations exceeding 100 billion yuan each, with a combined market capitalization of over 34.8 trillion yuan. Among the leading companies on the Shanghai market, technology and manufacturing firms are growing rapidly in areas such as artificial intelligence, integrated circuits, and advanced manufacturing, becoming an important force in the high-quality development of the capital market. (Source: PANews)

Top 5 Perp DEX by 7-day volume: Hyperliquid $62.6B, Lighter $19.5B, Variational $13.6B, Aster $11.2B, GMX $7.8B (+160% WoW). 7-day volume +6.99%; 24h ~$7.22B; open interest ~$12.88B; 30-day volume ~$642.68B.

Oakland police are investigating a high-value cargo theft involving NVIDIA, with the stolen goods—AI chips and computer hardware—valued at about $11.4 million. The cargo departed Oakland on Aug 29, bound for Fort Worth, and went missing in San Bernardino County after multiple stops. No suspects have been arrested. Experts say high-tech theft is becoming increasingly sophisticated, and stolen goods may fetch higher prices overseas.

Oakland police are investigating the disappearance of NVIDIA-related high-value goods, including AI chips and computer hardware, worth about $11.4 million. The cargo departed Oakland on Aug 29 for Fort Worth, Texas, but vanished after multiple stops in Southern California, with no suspects yet. Experts note increasing professionalism in high-tech theft and suggest stolen goods may fetch higher prices abroad.

ME News, Nov. 8 (UTC+8) — According to CoinMarketCap data, BNB has broken above $700 and is currently trading at $700.06, up 0.9% over the past 24 hours. (Source: CoinMarketCap)

ME News, November 8 (UTC+8) — According to CoinMarketCap market data, BTC has broken above $76,000 and is currently trading at $76,005, up 0.3% over 24 hours. (Source: CoinMarketCap)

Gold prices declined as speculative funds unwound massively rather than due to real-rate moves. From Oct 20–27, speculators net sold about $8B (longs cut $5.2B, new shorts $2.8B); five weeks of outflows total $1.95B, with downside hedges rising.

Web3Auth said that, in response to the Keplr security incident, affected assets would be transferred to rescue wallets with Keplr’s assistance. Some transfers had been mistakenly flagged as attacks. Web3Auth has published verified rescue addresses across multiple chains, including eight EVM addresses beginning with 0x413. The list will be expanded, and users are advised to rely on official information and beware of impersonators requesting asset recovery.

Web3Auth, in response to the Keplr wallet security incidents, will move affected assets to secure rescue wallets with Keplr's help. It notes that some transfers were misattributed to attackers and has published verified rescue addresses spanning multiple chains, including Cosmos Hub, Osmosis, Celestia, Akash, Noble, Injective, dYdX, Babylon, Axelar, Saga, Agoric, and eight 0x413-starting EVM addresses. The list will grow as more addresses are verified, and users should rely on official channels to avoid imposters and fake asset-recovery requests.

ME News, Nov. 8 (UTC+8) — Trust Wallet CEO Felix posted on X, confirming that Trust Wallet was not affected by the Web3Auth security issue. Earlier reports said Web3Auth disclosed a security issue affecting Web3Auth used by certain third parties.

ME News reports that on November 8 (UTC+8), the official website of JD Coinlink appeared to have gone offline and is now inaccessible. According to Qichacha, the company status of JINGDONG Coinlink Technology Hong Kong Limited is “Still Registered.” JD previously announced that it would issue a token in Hong Kong pegged 1:1 to the Hong Kong dollar (HKD).

Protests against data center expansion continue across Europe. Google cleared woodland, stripped topsoil, and built roads before an environmental impact assessment, angering residents and prompting criminal investigations into those involved in the project. Finland’s government is pushing legislation to curb AI expansion. Concerns in the U.S. and Europe over the issue came to the fore in this week’s midterm elections, with voters in some states backing officials who support pausing related construction.

ME News, Nov. 8 (UTC+8) — Tether, the stablecoin issuer that holds approximately 11.5% of Juventus, will participate in the club’s proposed €250 million capital increase and contribute €28.8 million in proportion to its stake. Tether voted in favor of the capital increase at the shareholders’ meeting held on Nov. 3, but abstained on all other proposals at the ordinary shareholders’ meeting, including approval of the club’s annual financial statements, which reported a loss of €66 million. In December 2025, Tether made a binding, unsolicited offer to Exor, Juventus’s majority shareholder, to acquire all of the club’s shares, but the offer was rejected. Last November, Tether also participated in Juventus’s €98 million capital increase, contributing €11.7 million, but at the time opposed the specific terms of the capital increase plan…

ME News notes on Nov 8 that BSN, Bank Islam, and Bank Rakyat had service issues on Nov 6 (ATM withdrawals, apps, and site access) with no confirmed cyberattack; causes may include high MEPS ATM traffic and app compatibility.