Cathie Wood, CEO of Ark Invest, wrote on X: "The United States should deregulate and weaken the influence of institutions such as the Securities and Exchange Commission (SEC) and the Federal Trade Commission (FTC). Cut government spending to make room for the private sector. Implement tax cuts and focus on technological innovation. Doing so may boost the U.S. economy more powerfully than during the 'Reagan Revolution'."

ENS Labs, the company behind the Ethereum Name Service (ENS), is moving forward with plans to launch its own Layer 2 network.

Last week (November 4 to November 8, Eastern Time), Bitcoin spot ETFs had a net inflow of US$1.63 billion. Among them, Grayscale ETF GBTC had a net outflow of US$25.45 million. The current historical net outflow of GBTC is US$20.19 billion.

On-chain analyst @ai_9684xtpa released "Inventory of Meme Coin Projects Launched on Binance in 2024", pointing out that Binance has launched a total of 15 Meme Coin projects (including futures and spot) since 2024, of which 80% of the tokens have seen significant growth in market value after being listed on Binance, with the lowercase NEIRO even rising as much as 7594%.

Since November 7, the whale holding 398,891 ETH (US$1.28 billion) has sold 46,853 ETH at an average price of US$2,920 in exchange for 138.8 million USDC. 7 hours ago, the whale transferred another 12,886 ETH (about US$41.24 million) for sale. The whale currently holds 352,036 ETH (US$1.27 billion).

14 hours ago, a whale cancelled the pledge of 101,101 SOL (worth $21.34 million) and deposited SOL to Coinbase 40 minutes ago. Currently, SOL is trading at $211, making it the fourth largest token with a market value of nearly $100 billion.

A whale withdrew 10,660 ETH (about 33.74 million US dollars) from Binance in the past 25 hours, with an average withdrawal price of 3,165 US dollars.

Hedge funds that have been shorting Tesla have lost billions of dollars since Trump won the US election, as Musk's special relationship with the president-elect has hit them. Calculations based on data compiled by S3 Partners found that hedge funds holding short positions in Tesla had book losses of at least $5.2 billion from Election Day to the close of last Friday.

On crypto derivatives exchange Deribit, the total value of open interest in Bitcoin options contracts with an exercise price above $90,000 has increased to more than $2.8 billion. Vetle Lunde, head of research at K33 Research, said the options market is generally optimistic that Bitcoin will continue to rise, with call options trading at a higher price than put options, while the number of open contracts for out-of-the-money call options has increased.

Muneeb Ali, co-founder of Bitcoin Layer2 network Stacks, hinted that the network’s next major upgrade is just around the corner. Ali noted in a post on X that the network’s upcoming sBTC token could be released as early as next month. “(Early December) is the target date, sBTC v1 appears to be on track, and there will be more upgrades in January and beyond,” Ali wrote.

6 days ago, the Mt. Gox wallet transferred 32,371 BTC (worth $2.19 billion at the time) to an unknown wallet. Just 20 minutes ago, the wallet transferred 27,871.3 BTC (currently worth $2.24 billion) to another unknown wallet and transferred 2,500 BTC (worth $200.95 million) back to the Mt. Gox wallet. This may indicate the beginning of another repayment.