Vitalik Buterin advocates positioning ETH as a store of value, a view echoed by Tom Lee.

A long position in HYPE at a certain address has seen its unrealized profit drop from $68.26 million to $27.59 million, and is now close to liquidation. The address deposited 8.3 million USDC into Hyperliquid over the past two days to avoid liquidation, with the new liquidation price at $58.47.

SOL fell below $70. A whale unstaking and deposited 162,560 SOL tokens into Binance, worth approximately $11.56 million. Over the past 5 days, the whale has deposited approximately 435,000 SOL tokens into Binance, worth approximately $32.96 million; it currently still holds 180,950 SOL tokens, worth approximately $12.75 million.

Ethereum co-founder Vitalik Buterin stated that evaluating ETH based on its fee-based burn mechanism is less compelling than it appears, and advocates for viewing ETH as a store of value. He believes that optimizing around the concept of a store of value aligns with goals of decentralization, censorship resistance, capture resistance, open source, privacy, and security. Bitmine Chairman Tom Lee called the view a major shift and endorsed the company's strategy. Bitmine holds approximately 6 million ETH. As of the original article, the price of ETH is approximately 58% lower than its high of around $4,946 in August 2025; during the same period, cumulative inflows into the ETH ETF decreased by 23%, and those into the BTC ETF decreased by 12%. Bitmine stated that, based on current yields, staking ETH is expected to yield $309 million annually. (Source: Bitcoin.com News)

1inch announced that users who delegated Unicorn Power to resolver must claim their 1INCH rewards and cancel their delegations before November 27th. Rewards may be lost if they are not claimed by the deadline. New delegations are now closed. 1inch stated that the feature was deprecated due to security vulnerabilities introduced by the Ethereum Glamsterdam upgrade, rendering related contracts insecure and unusable. Regular 1INCH staking is unaffected. The new Glamsterdam gas rules EIP-8037 and EIP-8038 may affect deployed contracts, potentially impacting approximately 200,000 contracts. The Ethereum Foundation, in conjunction with ChainSecurity and Dedaub, has launched a review, and the Hoodi testnet activation, originally scheduled for October 26th, has been postponed. Affected users can claim rewards and revoke delegations within the app.

Trader Flood held a 20x leveraged long position of 88.88 BTC on Hyperliquid, with an average opening price of $68,866. The unrealized loss is approximately $394,500, representing a return of -128.52%. The account holds approximately 83,290 short PRL contracts, with a floating profit of approximately $47,100, representing a return of 81.24%.