Monitoring has found that an address pledged $700 million USDC and borrowed 66000 ETH (worth $262 million) to Binance half a month ago, suspected of conducting ETH short selling operations. An hour and a half ago, the address returned 20000 ETH (worth 78.15 million US dollars) from Binance, possibly for profit taking repurchase after short selling. The price of ETH has dropped from $4032 half a month ago to $3850 currently, with an expected profit of $12 million from this operation. (Ashes)

Monitoring platforms Arkham and Nansen found that a VIRTUAL investor/institution transferred 7.958 million VIRTUALs (worth $13.45 million) to institutional service platform Teneo 8 hours ago. The investor/institution obtained 26.42 million VIRTUAL tokens through investment in December 2023 and transferred them out at a price of $1.54, with a cumulative value of $40.83 million. Although the address is labeled as owned by DeFionance Capital, its CEO has denied any association, citing it as an incorrect label. (Ashes)

[China Construction Bank (Asia) Completes Phase II Trial of 'Digital Hong Kong Dollar+'] China Construction Bank's Hong Kong subsidiary announced the completion of Phase II of the Hong Kong Monetary Authority's 'Digital Hong Kong Dollar+' project. This trial focused on verifying application scenarios for programmable currency and successfully conducted simulation tests of the 'Digital Hong Kong Dollar' in cross-bank and cross-blockchain environments. The trial also thoroughly assessed the feasibility of large-scale implementation of programmable prepaid commercial scenarios and analyzed the technical feasibility of the 'Digital Hong Kong Dollar' design under different blockchain infrastructures. These results provide important references for the future comprehensive rollout of the 'Digital Hong Kong Dollar'.

[Multiple Tokens to Undergo Large Unlocks This Week, Total Value Exceeds $76 Million] According to Token Unlocks data, multiple tokens will experience significant unlock events this week. Ethena (ENA) will unlock approximately 172 million tokens on November 5 at 15:00 (UTC+8), accounting for 2.52% of the current circulating supply, with a value of approximately $67.1 million; Memecoin (MEME) will unlock approximately 3.45 billion tokens on November 3 at 15:30 (UTC+8), accounting for 5.98% of the current circulating supply, with a value of approximately $5.4 million; Movement (MOVE) will unlock 50 million tokens on November 9 at 20:00 (UTC+8), accounting for 1.82% of the current circulating supply, with a value of approximately $3.43 million; BounceBit (BB) will unlock approximately 29.93 million tokens on November 9 at 8:00 (UTC+8), accounting for 3.85% of the current circulating supply, with a value of approximately $3.3 million.

[Huajian Medical Adjusts Strategy, Applies for U.S. Stablecoin License and Plans Fundraising to Increase Reserves] Huajian Medical (1931) announced an adjustment to its business strategy, suspending its previously planned cryptocurrency acquisition of no more than 3 billion yuan and canceling the transaction to acquire a 20.31% stake in Guofu Quantum (0290) for 3.142 billion yuan. The company stated that it will disclose Ethereum (ETH) transaction details in accordance with listing rules, while it has initiated the process of applying for a U.S. stablecoin license and plans to raise funds to increase its U.S. dollar reserves. Huajian Medical will also simultaneously advance the development of its AI algorithm platform, integrating its distribution network with the RWA platform to optimize the accuracy of its asset valuation model.