ETH falls below the $3600 mark

[Standard Chartered Plans to Launch Bitcoin and Ethereum Custody Services in Hong Kong Next Year] Mary Huen, CEO of Standard Chartered Hong Kong and Greater China & North Asia, announced that Standard Chartered plans to launch digital asset custody services for Bitcoin and Ethereum in Hong Kong in January next year, expanding the services already offered in Luxembourg and the UAE. Standard Chartered Hong Kong stated that this move aims to support Hong Kong in developing a comprehensive digital asset ecosystem, covering retail and corporate clients, local and cross-border transactions, and participating in multiple innovation initiatives led by the Hong Kong Monetary Authority, including the Ensemble project, mBridge project, and the 'Digital Hong Kong Dollar' pilot program.

[An entity nearly repays 66,000 ETH loan, earning $26.9 million] Onchain Lens data shows that an entity has nearly repaid the 66,000 ETH borrowed from Aave V3, achieving a profit of $26.9 million. The entity initially used 610.2 million USDC as collateral, borrowing ETH when its price was $4,032, and transferred it to Binance. Over the past two days, the entity repaid 64,043 ETH at an average price of $3,613, totaling approximately $231.37 million. Currently, 2,022 ETH remains unpaid, valued at approximately $7.05 million. This short trade has brought significant gains to the entity.

[GIGGLE surged over 22% in a short time, market cap exceeded $60 million] On November 4, influenced by the news that 'He Yi stated Giggle token will enter a deflationary mode in the future, representing a mutual effort between the community and charity,' GIGGLE saw a short-term increase of over 22%, with its market cap surpassing $60 million.

[He Yi: Giggle Token Will Enter Deflationary Mode, Reflecting Community and Charity Collaboration] On November 4, He Yi posted on social media, stating that Giggle Academy has evolved from initially not responding, to accepting community transaction fee donations, to Binance deciding to donate long-term fees to support the Giggle token, and finally to today's donation burn. This marks the beginning of Giggle token entering a deflationary mode in the future. She believes this represents a two-way collaboration between the community and charity and pointed out that there is no fixed standard for public chain development. Meme tokens lacking a business model struggle to sustain, while even VC-backed tokens with large-scale funding may not necessarily succeed.

According to AiCoin's real-time on chain monitoring, at 18:41 (UTC+8) today, the "1014 High Winning Whale" continuously placed multiple ETH positions, with a total of 2893 ETH and a value of $10.09 million. As of the time of writing, the value of its ETH long position is as high as $939.5 million, with a floating loss of $7.9 million. Whale address: 0xc2a30212a8ddac9e123944d6e29faddce994e5f2