AiCoin Daily (November 6th)

[U.S. Court Dismisses Prisoner's $354 Million Bitcoin Claim Case] The U.S. Federal Appeals Court on Tuesday dismissed a lawsuit by Florida man Michael Preme seeking to recover over $354 million worth of Bitcoin. Preme claimed the Bitcoin was stored on a hard drive that was destroyed when he was arrested in 2019, but the court ruled that his claim was filed too late and that his earlier statements contradicted his subsequent assertions. Preme had repeatedly stated that he owned almost no cryptocurrency, leading federal agents to conclude their search and destroy the device. Preme was sentenced to more than five years in prison in 2020.

[New Wallet Accumulates 2 Million ASTER in Three Days] Monitoring data shows that the new wallet address 0x913 withdrew 668,000 ASTER from Binance about two hours ago, valued at approximately $703,000. Over the past three days, this address has accumulated approximately 2 million ASTER, with an average entry price of around $1.03.

[Wormhole Reserve Increases Holdings by 1 Million W] Wormhole announced that its reserve has increased by 1 million W. The protocol revenue and value generated by Wormhole, Wormhole Portal, and ecosystem applications are all directed into W, and the related proceeds will be used for the Wormhole reserve.

[Yei Finance Commits to Repaying $8.6 Million Debt and Restoring Withdrawal Functionality] Sei ecosystem lending protocol Yei Finance announced that platform users' funds are secure and fully available, supporting 100% withdrawals. Currently, approximately $8.6 million USDC in the Yeiend main pool has been borrowed using sfastUSD as collateral. The team has committed to fully repaying this debt to ensure smooth withdrawal of all USDC deposits. The Yei team stated that withdrawal functionality will be temporarily suspended during the repayment period, and a timeline for restoration along with the latest updates will be announced subsequently.

Binance ZEN/USDT trading volume surged 5 times within 10 minutes, with a turnover of 122 million US dollars in the past 24 hours, a decrease of 5.78% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Binance contracts ranks first in the world