[DeFiance Capital Founder Says Current Market Environment Resembles Late 2018] On November 4, DeFiance Capital founder Arthur_0x stated that he entered the cryptocurrency space in 2017. He noted that the current market environment is similar to late 2018 to early 2019, which was one of the most challenging periods for participants in the cryptocurrency market. He emphasized that survival is the most important priority at this stage.

[BlackRock Transfers Approximately $293 Million in Crypto Assets to Coinbase] BlackRock recently transferred approximately $213 million worth of BTC and $79.83 million worth of ETH to Coinbase, with the total value of the two assets amounting to approximately $293 million. This transfer was a centralized deposit, possibly intended for subsequent asset management or liquidity allocation.

**[Stream Finance Loss May Trigger Over $285 Million Risk Exposure]** Independent DeFi analyst YieldsAndMore pointed out that Stream Finance's $93 million loss could lead to over $285 million in risk exposure, affecting lending markets, stablecoins, and liquidity pool networks. Stream's debt spans across seven networks, including counterparties such as Elixir, MEV Capital, Varlamore, TelosC, and Re7 Labs. Its related tokens xUSD, xBTC, and xETH have been repeatedly collateralized across multiple protocols, further amplifying potential risks. Estimates show that TelosC, Elixir, and MEV Capital are respectively associated with approximately $123.6 million, $68 million, and $25.4 million in debt. Elixir's deUSD stablecoin risk is particularly prominent, as it lent $68 million USDC to Stream, accounting for 65% of deUSD's total reserves. The Stream team has suspended repayments, and legal reviews are still ongoing. Analysts predict that as positions are liquidated and contract audits progress, more affected liquidity pools may emerge.

Analysts believe that as the US Securities and Exchange Commission (SEC) reforms shorten the approval process, XRP may become a new option for the ETF market, with early capital inflows expected to exceed $1 billion. （Cointelegraph）

[CZ States Giggle Academy Will Burn Half of the Giggle Fund Token Donations Received] CZ posted on the X platform, stating that the Giggle Fund Token smart contract will directly donate BNB to Giggle Academy's public donation address. The transaction fee donation proposed by Binance will be conducted in the form of Giggle Fund Token. Giggle Academy plans to burn half of the tokens received, while the remaining portion will be converted into BNB.