ETH faces critical support testing, J value oversold or facing rebound

[Over 75% of Tesla shareholders approve Musk's trillion-dollar compensation plan] Tesla shareholders have approved a compensation plan worth up to $1 trillion with over 75% of the votes. Under the plan, Musk will receive up to $878 billion in incentive compensation over 10 years. Musk will be granted up to $1 trillion in stock but is required to pay a portion to Tesla. Analysts believe this vote will benefit Tesla's stock performance, as its valuation relies on Musk's vision for advancements in autonomous driving, robot taxis, and humanoid robot development.

[Stablecoin USDe Market Cap Falls Below $9 Billion, Shrinks 45% in the Past Month] According to DefiLlama data, the market cap of the stablecoin USDe issued by Ethena Labs has dropped to $8.95 billion, down approximately 45% from its peak of $16 billion in early October. USDe experienced severe depegging during the cryptocurrency crash on October 11, falling to $0.65 on some decentralized trading platforms.

[Samourai Wallet Co-Founder Sentenced to Five Years for Unlicensed Money Transmission] The U.S. Federal Court in New York has sentenced Keonne Rodriguez, co-founder of the cryptocurrency mixing tool Samourai Wallet, to five years in prison on charges of conspiracy to operate an unlicensed money transmission business. Rodriguez had previously reached a plea agreement with prosecutors and agreed to jointly pay a total of $237 million in assets and a $400,000 fine with another co-founder. The case involved the use of mixing services to launder money for darknet transactions and fraudulent funds. This sentencing highlights the ongoing efforts by regulators to crack down on illegal activities in the cryptocurrency space.

[Four Consecutive Short Positions on BTC by Whale Yield $12.99 Million in Unrealized Profit] On-chain analysis shows that since March 2025, a whale who has consecutively shorted BTC four times increased their positions multiple times between October 24 and 28. They currently hold 1,231.98 BTC short positions, valued at $124 million, with an average entry price of $111,499.3. The current unrealized profit stands at $12.99 million.

[SBF Claims FTX Has Always Been Solvent, Debtors Still Withholding Funds] On November 7, FTX founder SBF retweeted a post mocking the bankruptcy management process of FTX and stated that FTX has always been solvent and has never been insolvent—whether before the bankruptcy filing, on the filing date, or after the filing. He pointed out that FTX debtors are still withholding funds, an issue that deserves more attention. Additionally, on November 5, SBF stated he would appeal to overturn his 25-year sentence, claiming the FTX case was 'prejudged as guilty' and insisting that he had no intention of defrauding customers, believing that user funds would be fully repaid. On November 6, SBF's lawyer argued in the New York Court of Appeals that his fraud trial was fundamentally unfair and attempted to overturn the related conviction. Note: The above content was posted by a friend with access to SBF's account.