The first batch of participants in the UK's digital securities sandbox have received preliminary approval

[Adam Back: Strategy's leverage ratio is low, no Bitcoin sold] Blockstream co-founder Adam Back posted on the X platform stating that the Bitcoin treasury company Strategy has been consistently purchasing Bitcoin. The previous wallet switch was merely transferring Bitcoin to another custodian and did not involve any sales. Strategy currently holds $64 billion worth of Bitcoin, with $8 billion in debt, resulting in a leverage ratio of approximately 13%. Furthermore, all debts are long-term and do not require short-term repayment.

[Tom Lee Says Crypto Market Decline May Be Due to Market Maker Asset Gap] BitMine Chairman Tom Lee stated that the recent weakness in the crypto market may be related to a significant gap in the balance sheets of one or more market makers, potentially triggering forced liquidations. He believes this is a short-term fluctuation and advises investors to avoid using leverage to mitigate the risk of liquidation.

OKX has announced the addition of Pieverse (PIEVERSE) to multiple services, including futures contracts, officially launching on 2025-11-16 at 11:30 (UTC+8). Notes: - PIEVERSE perpetual contracts will be available for trading starting at 11:30 (UTC+8) on November 16, 2025. - The funding fee settlement cycle is every 4 hours. If the funding rate reaches the upper or lower limit, the settlement frequency will be adjusted to once per hour. - The leverage range is from 0.01x to 20x. Users should pay attention to risk management.

[Tom Lee: Leverage Not Recommended in the Short Term, Market Turmoil Won't Affect ETH Supercycle Target] Tom Lee, Chairman of the Board at Ethereum treasury company BitMine, posted on the X platform that the recent downturn in the cryptocurrency market has exposed some issues, including significant vulnerabilities in the balance sheets of one or two market makers, as well as a 'shark swarm' taking advantage of the situation to trigger a sharp drop in Bitcoin prices. He stated that the pain caused by these issues will not persist in the long term and will not alter Wall Street's goal of building an 'ETH supercycle.' However, he does not recommend using leverage at the moment, as it could easily lead to being trapped. In response to community users' questions about the timeline for resolving the market makers' balance sheet issues, Tom Lee estimated it would take 6 to 8 weeks.

Whale accounts have recently experienced selling behavior, but the specific motives may differ from market expectations. （Cointelegraph）