The price of Zcash has rebounded from a low of $598 to $700, triggering market accusations of possible coordinated buying behavior. Cointelegraph （Cointelegraph）

Due to the increase in ZEC prices, some short positions of a Roobet and Stake.com trader were forced to close, resulting in a total loss of over 3.28 million US dollars. The current holdings include 1289.73 BTC ($122.5 million, strong parity $95764), 23434.34 ZEC ($16.75 million, strong parity $757), and 5.6 million XRP ($12.5 million, strong parity $2.42). （Lookonchain）

[Crypto Market Broadly Declines, BTC Falls Below $95,000, PayFi and CeFi Sectors Rise Against the Trend] According to SoSoValue data, the crypto market showed an overall downward trend today. BTC fell 0.14%, dropping below $95,000, while ETH declined 0.52%, currently trading at approximately $3,100. PayFi and CeFi sectors rose against the trend, recording gains of 0.79% and 0.52%, respectively. Among them, TEL surged 10.72%, XNO rose 6.35%; ASTER increased by 11.96%, and OKB climbed 2.30%. Additionally, STRK rose 9.93%, PENDLE gained 5.14%, and ZEC increased 4.40%.

[Real Vision Founder: The Federal Reserve May Adjust Policies to Address Liquidity Crisis] On November 17, Real Vision co-founder and CEO Raoul Pal stated that the Federal Reserve might be forced to take action this week to prevent a funding crunch crisis at the end of the month and year. He believes the current crypto market resembles a squeezed financing tool, with prices heavily discounted. Meanwhile, U.S. equities are temporarily supported by buybacks and year-end portfolio rebalancing, but if the issue is not resolved in time, the situation from 2018/19 could repeat itself. Raoul Pal pointed out that the Treasury aims to control liquidity by encouraging banks to increase lending, rather than relying on the Federal Reserve's quantitative easing policy, in order to stimulate the general public while also increasing the value of collateral. He believes liquidity management has become a political game and concluded that U.S. policymakers will 'fix the pipes before opening the floodgates; asset inflation is merely delayed, not absent.'

Circle has newly minted $750 million in USDC, and recently Tether and Circle have minted a total of $14 billion in stablecoins after the 1011 market crash. （Lookonchain）