A major whale established new long positions in Marvell, SK Hynix, and SanDisk in the afternoon, with a total trading volume of approximately $29.07 million, all leveraged at 3x. Specifically, it bought approximately $14.81 million worth of SanDisk (SNDK), with a floating profit of approximately $137,000; approximately $7.92 million worth of Marvell (MRVL), with a floating profit of approximately $78,600; and approximately $6.34 million worth of SK Hynix (SKHX), with a floating profit of approximately $32,200.

LayerZero announced that the channel for exchanging STG for ZRO will be closed on December 15. During this period, LayerZero will collaborate with exchanges, market makers, custodians, and ecosystem partners to facilitate the transition. Before the ZRO mainnet launch, ownership of the ZRO contract will be migrated to OneSig, and the DVN configuration for ZRO will be updated, with the required DVN threshold increased to 4/4.

Binance founder CZ retweeted an article claiming that Binance had suffered an organized attack. Statistics show that between 5:00 AM on October 30th and 8:00 PM on November 2nd, 1083 accounts posted 11,700 hostile posts, gaining 20.93 million views, of which 3354 were determined to be false information. Among the 641 most active accounts, 452 showed coordinated activity, and 444 formed the same connected network.

The Zcash Community Funding Committee (ZCG) has withdrawn its proposal to reallocate 98,000 ZEC tokens for future mining rewards. The ZCG has decided not to proceed with the proposal, and future fund allocation will be determined through Zcash's regular governance process. Currently, the ZCG is still collecting approximately 144 ZEC tokens daily until a network upgrade changes the rules.

With the Democrats gaining control of both houses of Congress in the midterm elections, CME FedWatch shows that the probability of the Fed raising interest rates by 25 basis points in December has risen to 76.9%, while the probability of keeping rates unchanged is 23.1%.