[17,200 SOL Transferred to Binance, Valued at Approximately $2.48 Million] According to Arkham data, at 07:15 (UTC+8), 17,200 SOL (valued at approximately $2.48 million) was transferred from an anonymous address (address starting with BnwZvG) to Binance.
[4978 ETH Withdrawn from Tornado Cash Sold, Suspected to Be Related to Richard Heart's Operations] On-chain data shows that 4978 ETH withdrawn from Tornado Cash was sold approximately 7 hours ago at a price of $3273 per ETH, exchanged for approximately 16.294 million DAI. Reportedly, an address suspected to be related to Richard Heart (founder of HEX, PulseChain, PulseX) deposited 154,000 ETH (valued at approximately $611 million) into Tornado Cash on November 5 and withdrew these 4978 ETH from Tornado Cash on November 8.
[The People's Bank of China Conducts 7-Day Reverse Repo Operation of 212.8 Billion Yuan] The People's Bank of China conducted a 7-day reverse repo operation of 212.8 billion yuan today, with a bidding amount of 212.8 billion yuan, a transaction amount of 212.8 billion yuan, and an operating interest rate of 1.40%, unchanged from the previous rate.
[Several Federal Reserve Officials Deliver Hawkish Remarks, Emphasizing the Need to Maintain Tight Monetary Policy] On November 14, several Federal Reserve officials delivered hawkish remarks. Minneapolis Fed President Neel Kashkari stated that he did not support the Fed's decision to cut interest rates in October, believing that rate cuts should have been paused at the time. However, he remains cautious about the action plan for the December meeting. He noted that the fundamental resilience of U.S. economic activity is stronger than expected. Federal Reserve official Harker said that monetary policy needs to remain tight to curb inflation and bring it back to target levels. He also expressed no concern about the weakening of the U.S. dollar, stating that the dollar is currently closer to fair valuation. Federal Reserve official Mester remarked that there is limited room for further easing of monetary policy and emphasized the need for caution in the future. At the same time, she stressed the importance of supporting the labor market while suppressing high inflation.
[Aftermath X Account Compromised, Official Reminder to Suspend Interaction] Sui's official account on the X platform announced that the X account of Aftermath, a liquidity staking protocol in the Sui ecosystem, has been compromised. Until the official account permissions are restored, users should avoid any interaction with this account.
[SEC and CFTC Set to Resume Operations, Crypto ETF Approvals and Leveraged Spot Trading May See Progress] On November 14, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are set to resume operations after a 43-day government shutdown. Employees of both agencies will return to work on the next regular business day following the enactment of the appropriations bill. During the shutdown, the SEC's review capabilities were limited, and approvals for cryptocurrency-related ETF applications were essentially halted. The CFTC suspended most of its operations, including enforcement, market oversight, and regulatory rulemaking. After resuming operations, the SEC and CFTC will need to address the backlog of tasks accumulated during the shutdown. Some crypto companies have already submitted IPO and ETF applications in advance. SEC Chair Atkins revealed plans to establish a token classification framework based on the Howey Test in the coming months. Acting CFTC Chair Pham stated that the commission is pushing to approve leveraged spot cryptocurrency trading as early as December.