The Bank of England has promised to roll out stablecoin related regulatory rules "as quickly as the United States" to address concerns about the UK falling behind other countries in this field. （Cointelegraph）
**["Calm Trade King" Fully Switched to Long Positions Yesterday, Floating Profit Near $4 Million]** On November 6, on-chain AI analysis tool CoinBob detected that "Calm Trade King" fully switched to long positions yesterday, bottom-fishing multiple cryptocurrencies. The account currently shows a floating profit of $3.47 million (100%), with the floating profit briefly reaching $4 million early this morning. The total current holdings amount to approximately $68.34 million, with no positions closed yet. Key holdings include: - **BTC** long position with a floating profit of $620,000 (55%), average price $103,500, holding size approximately $22.41 million; - **ETH** long position with a floating profit of $1.6 million (174%), average price $3,431, holding size approximately $22.90 million; - **SOL** long position with a floating profit of $1.06 million (109%), average price $153, holding size approximately $19.48 million. Previously, this trader had rolled $3 million in principal into over $25 million, accurately predicting market trends multiple times, drawing significant attention from the on-chain swing trading community. Rhythm BlockBeats reminds investors that the recent cryptocurrency market has experienced significantly heightened volatility, and risk control should be prioritized.
[U.S. Court Dismisses Prisoner's $354 Million Bitcoin Claim Case] The U.S. Federal Appeals Court on Tuesday dismissed a lawsuit by Florida man Michael Preme seeking to recover over $354 million worth of Bitcoin. Preme claimed the Bitcoin was stored on a hard drive that was destroyed when he was arrested in 2019, but the court ruled that his claim was filed too late and that his earlier statements contradicted his subsequent assertions. Preme had repeatedly stated that he owned almost no cryptocurrency, leading federal agents to conclude their search and destroy the device. Preme was sentenced to more than five years in prison in 2020.
[New Wallet Accumulates 2 Million ASTER in Three Days] Monitoring data shows that the new wallet address 0x913 withdrew 668,000 ASTER from Binance about two hours ago, valued at approximately $703,000. Over the past three days, this address has accumulated approximately 2 million ASTER, with an average entry price of around $1.03.
[Wormhole Reserve Increases Holdings by 1 Million W] Wormhole announced that its reserve has increased by 1 million W. The protocol revenue and value generated by Wormhole, Wormhole Portal, and ecosystem applications are all directed into W, and the related proceeds will be used for the Wormhole reserve.
[Yei Finance Commits to Repaying $8.6 Million Debt and Restoring Withdrawal Functionality] Sei ecosystem lending protocol Yei Finance announced that platform users' funds are secure and fully available, supporting 100% withdrawals. Currently, approximately $8.6 million USDC in the Yeiend main pool has been borrowed using sfastUSD as collateral. The team has committed to fully repaying this debt to ensure smooth withdrawal of all USDC deposits. The Yei team stated that withdrawal functionality will be temporarily suspended during the repayment period, and a timeline for restoration along with the latest updates will be announced subsequently.