OKB falls below the $120 mark

[Trader Partially Closes BTC Short Position, Profits Approximately $515,000, and Opens ZEC Long Position] According to monitoring data, trader 0xb63 opened a 15x leveraged short position of 250 BTC at an average price of approximately $113,676 on October 29. The trader has partially closed the position, profiting approximately $515,000, and still holds the remaining short position with unrealized profits of approximately $2.57 million. Additionally, the trader opened a long position in ZEC today at an average price of approximately $595.

[User loses approximately $1.22 million in stablecoins due to signing phishing 'permit' signatures] Scam Sniffer monitoring shows that about 25 minutes ago, a user lost approximately $1.22 million worth of USDC and aPlaUSDT0 stablecoins due to signing multiple phishing 'permit' signatures.

[Analyst: Multiple Factors Needed for Market to Regain Upward Momentum] On November 7, analyst @AxelAdlerJr stated that for the market to return to a risk-on trajectory, multiple factors need to work in tandem, including stabilization or decline in U.S. Treasury yields, the narrowing of the fear index to 14-16, tightening credit spreads, and a weakening upward trend in gold. For cryptocurrencies, Bitcoin needs to establish solid support around $100,000 without further declines, spot ETFs must resume net inflows, and Bitcoin must reassert its position as a globally high-beta asset. If 3-4 of these conditions are met simultaneously for at least 1-2 trading days without new shocks, the market may develop a sustainable risk-on sentiment.

[Japan Financial Services Agency Plans to Set IEO Investment Limits and Regulate Crypto Lending Risk Management] On November 7, during the fifth meeting of the cryptocurrency system working group, the Japan Financial Services Agency discussed strengthening the regulation of cryptocurrency lending businesses. The new policy requires companies to establish risk management systems for lenders and collateral contractors, improve cryptocurrency asset storage management systems, explain risks to customers, and regulate advertising practices. Private lending, such as inter-institutional transactions, will not be subject to regulation. Additionally, the meeting proposed introducing IEO investment limits to prevent excessive investment caused by sales pressure during initial exchange offerings without financial audits.

[BNB Chain Completes Fourth Batch of $45 Million Reload Airdrop Distribution] BNB Chain announced that the fourth batch of the $45 million Reload airdrop, jointly initiated with Four.Meme, has been completed. Eligible wallets have received BNB tokens.