CoinDesk Weekly Recap: Finally, the Bitcoin Rally

[Trump Says Next Week's Tariff Case Is One of the Most Important in U.S. History, Will Skip Related Debate] U.S. President Trump stated that the tariff case to be heard next week is one of the most important cases in U.S. history. He emphasized that if the president cannot flexibly use tariff tools, the U.S. will be at a severe disadvantage in competition with other countries globally, especially major economies. Trump pointed out that recent successful trade agreements with multiple countries have benefited from the leverage provided by tariff policies during negotiations. Without this tool, the U.S. could face a weakening of its economic defense capabilities, potentially leading to a significant decline in the nation's economic standing. Trump announced that he will skip the Supreme Court's tariff debate on Wednesday to avoid diverting public attention from the importance of the case. He believes that this ruling will become one of the most important decisions in the history of the U.S. Supreme Court, with the outcome directly impacting the economic security and global standing of the United States.

[SKY Execution Vote Passed, Daily Buyback Limit Increased to 300,000 USDS and Other Changes Effective Today] SKY announced that a new round of execution votes has been passed, and the related adjustments will officially take effect on November 3, 2025, at 14:37 (UTC+8). Specific changes include: replacing the original 'SKY→USDS staking rewards' mechanism with 'SKY→SKY staking rewards,' requiring stakers to manually migrate their holdings to the new reward system; increasing the daily SKY buyback limit to 300,000 USDS; and transferring 500 million SKY tokens to the protocol treasury to support the operation of the staking reward fund pool. These adjustments aim to optimize the reward mechanism and enhance the long-term stability of the protocol.

[Whale Address Deposits 351 BTC Back to Binance, Realizing $27.97 Million in Profit] A whale address recently redeposited 361 BTC (approximately $11.63 million, withdrawn 3 to 4 years ago) back to Binance, completing the deposit of 351 BTC in batches. The current total valuation of the redeposited amount is approximately $39.6 million. According to on-chain data, the address has accumulated a total profit of about $27.97 million. This transaction has attracted market attention and may have a potential impact on BTC liquidity and price trends.

[Real-Time Cryptocurrency Liquidation Data for November 3, 2025] The real-time cryptocurrency liquidation data for November 3, 2025 (Monday) has been released. For specific details, please refer to the relevant platforms.

1. Giant Whale shorted 42.966 million ASTERs with 3x leverage 2. High win rate giant whale adds 24000 SOLs worth $4.39 million 3. Quantum computing poses a threat to cryptocurrency security, community research on anti quantum solutions 4. Federal Reserve Board Suggests December Interest Rate Cut to Address Economic Situation 5. Trump nominates cryptocurrency lawyer to lead CFTC, or influence regulatory policies 6. Bitmine holds over 3.3 million ETH with a total value of approximately $13 billion 7. Larry Fink admits wrong view on Bitcoin over five years 8. The US court will hear the SBF retrial motion, sentencing or affecting its 25 year sentence The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/497655