[Coinbase to Suspend AI16Z Perpetual Contract Trading in November 2025] Coinbase announced that AI16Z perpetual contract trading will be suspended around 11:30 (UTC) on November 15, 2025. AI16Z-PERP trading will be suspended on the Coinbase Advanced and Coinbase International Exchange platforms, with the final settlement price calculated based on the average index price from the 60 minutes prior to the trading suspension.
[After the Largest ZEC Long Position on Hyperliquid Closed, 8,000 ZEC Bought Back on the Dip] On November 14, an address (0x96e) on Hyperliquid increased its ZEC long leverage to 6x and used the released margin along with remaining funds to fully add to its position, reaching 8,000 ZEC. The position size amounted to $7.71 million, with an average price reduced to $534, and an unrealized loss of $350,000 (28%). Earlier today, during a market downturn, the address closed nearly 7,000 ZEC to stop losses, recording an unrealized loss of $490,000, and later bought back on the dip as ZEC saw a slight rebound. The address initially opened its ZEC position on November 3 when ZEC was around $380, using $2.21 million in principal to go long on ZEC and roll over the position. The average price peaked at $555, and the principal grew to $10.5 million within a week, making it the largest ZEC long position on Hyperliquid at the time. Recently, due to the decline in ZEC prices, the address gradually reduced its position by 40,000 ZEC since ZEC fell below $600. The position size dropped from $37.01 million to less than $5 million, with a loss of approximately $1.55 million, and the principal decreased to $1.32 million. Currently, it ranks as the second-largest long position on ZEC.
[Yilihua: ETH Pullback to $3000–$3300 is the 'Optimal Allocation Range'] Yilihua, founder of Liquid Capital (formerly LD Capital), stated on the X platform that due to weakened expectations for a December rate cut, both the U.S. stock market and the crypto market have recently experienced significant declines. However, the team believes that the $3000–$3300 range for ETH is the 'optimal allocation range.' He mentioned that he had insisted on holding his position when ETH dropped to around $2700 but chose to reduce leverage before ETH fell below $3000 to mitigate risks due to market pullback pressure. In this round of operations, he will focus on spot trading, no longer using leverage, and plans to continue increasing his ETH holdings during subsequent adjustments.
[Binance to Cease Support for Ethereum Network Deposits of Galxe (GAL) in November 2025] Binance has announced that it will cease support for deposits of Galxe (GAL) tokens via the Ethereum network (ERC20) starting from 11:00 (UTC+8) on November 19, 2025. At that time, Galxe (GAL) tokens deposited via the Ethereum network will no longer be credited to user accounts, which may result in asset loss. Users can still deposit the token through other networks supported by Binance.
[National Bureau of Statistics: National Urban Surveyed Unemployment Rate Dropped to 5.1% in October] Data from the National Bureau of Statistics shows that the average national urban surveyed unemployment rate from January to October was 5.2%. In October, the national urban surveyed unemployment rate was 5.1%, a month-on-month decrease of 0.1 percentage points. The unemployment rate for local household-registered labor was 5.3%, while that for non-local household-registered labor was 4.7%, including 4.5% for non-local agricultural household-registered labor. The surveyed unemployment rate in 31 major cities was 5.1%, a month-on-month decrease of 0.1 percentage points. The average weekly working hours of employees in enterprises nationwide was 48.4 hours.
[Yi Lihua: Spot Bottom-Fishing Without Leverage, Add Positions on Pullbacks] On November 14, Yi Lihua, founder of Liquid Capital (formerly LD Capital), stated that the decline in expectations for a rate cut in December has led to a sharp drop in U.S. stocks and the crypto market. However, he still believes that $3,000 to $3,300 is the best bottom-fishing opportunity. He mentioned that previously, when Ethereum pulled back to $2,700 due to a black swan event, he held on while using leveraged borrowing, but due to significant psychological pressure, he prematurely removed the leverage when Ethereum's price rebounded above $3,000. This time, he will adopt a spot trading strategy without leverage and stick to the approach of adding positions on pullbacks, patiently waiting for opportunities.