ETH falls below the $3000 mark
--
OKX-ETH/USDT is currently trading at $2999.05, with a 5-minute drop of 0.34%. Please pay attention to market fluctuations.
Loading...
OKX-ETH/USDT is currently trading at $2999.05, with a 5-minute drop of 0.34%. Please pay attention to market fluctuations.
[Solomon Labs Raises $100 Million, Suspected Insider Address Profits Over $500,000] Solomon Labs raised $100 million in funding during the final moments of MetaDao's public offering, becoming the second-highest fundraising project on MetaDao, second only to UmbraPrivacy. Previously, the fundraising amount had remained in the range of $3 million to $5 million for several days. Users on Polymarket who predicted Solomon's fundraising amount to fall within ranges of $20 million, $40 million, or $100 million suffered losses. The suspected insider address 'KimballDavies' chose the low-probability 'yes' option, earning a total profit of over $500,000.
[Malaysia's National Power Company Suffers Over $1 Billion Loss Due to Electricity Theft for Cryptocurrency Mining] The Malaysian Ministry of Energy disclosed that between 2020 and August 2025, the state-owned utility company Tenaga Nasional Bhd (stock code: TENA.KL) incurred economic losses of approximately 4.6 billion ringgit (about $1.11 billion) due to illegal electricity usage by cryptocurrency miners. In a written parliamentary reply released on November 18 (UTC+8) by the Ministry of Energy and Natural Resources, it was revealed that 13,827 locations were found to have engaged in illegal electricity usage for cryptocurrency mining during this period. Although Malaysia currently lacks specific regulations governing cryptocurrency mining, the Electricity Supply Act explicitly states that tampering with electricity meters or unauthorized wiring for electricity usage is illegal. The National Power Company has collaborated with the police, communication regulators, and anti-corruption agencies to seize multiple Bitcoin mining machines at the related locations.
[Bitunix Analyst: Trump's Intervention in the Federal Reserve May Lead to U.S. Economic Stagflation] On November 19, the U.S. monetary system faced political disruption. Trump attempted to dismiss Federal Reserve Governor Cook and appoint economic advisor Milan to the FOMC, aiming to push for aggressive interest rate cuts. Economic models suggest that if monetary policy falls under political control, the U.S. may experience a brief period of prosperity followed by a stagflation cycle characterized by accelerating inflation, rising nominal interest rates, and declining economic growth. Bitunix analysts pointed out that Trump's interference in the interest rate trajectory could undermine the Federal Reserve's independence, pushing the U.S. economy into a 'prosperity first, stagflation later' cycle, posing deeper risks to global capital.
[TRON Developer Community Releases Explanation for TIP-6780 Instruction Change] On November 19, the TRON Developer Community published an explanation titled 'TIP-6780: Change to the SELFDESTRUCT Opcode' on Medium and discussed the impact of the instruction change during a recent developer meeting. This change will be incorporated into the upcoming java-tron v4.8.1 version but will not take effect immediately upon the version's release. The activation time will be determined later through on-chain governance voting. The core adjustment of TIP-6780 is to restrict the usage scenarios of SELFDESTRUCT, allowing it to delete account data only within the same transaction in which the contract is created. Additionally, the fixed energy cost will be adjusted from 0 to 5000 to reduce the risk of abuse. Statistical analysis shows that contracts containing the SELFDESTRUCT instruction account for an extremely low proportion on the TRON network, and the impact on existing contracts and user assets is expected to be minimal.
[ZEC Short Position Whale Floating Profit of $2.4 Million, Liquidation Prices of Three Whales Concentrated at $653-$655] On-chain AI analysis tool CoinBob monitoring shows that the whale (address 0x7b7), who previously suffered a $97 million liquidation due to BTC short positions, opened ZEC short positions yesterday and rolled over the positions. After partially closing the positions 11 hours ago, the current floating profit has reached $2.4 million (134%), with a position size of approximately $19 million, a liquidation price of $683, and a current price of $655. The average price has been adjusted from $666 to $661. (This address belongs to well-known players on Roobet and Stake.com.) Since transferring to Hyperliquid on November 6, the address has experienced significant losses with minor gains. On November 17, the whale was liquidated for $97 million due to BTC short positions. Additionally, on Hyperliquid, three whales holding positions of approximately $20 million each have liquidation prices concentrated between $653 and $655, with average prices ranging from $621 to $661. All are new whale addresses that opened positions starting yesterday.