[European Central Bank Official Warns Stablecoin Runs Could Impact Interest Rate Policy] European Central Bank policymaker Olaf Sleijpen has warned that stablecoin runs could force the ECB to reconsider its interest rate policy.

[New York Fed President Williams Convenes Primary Dealers to Discuss the Effectiveness of Repo Tools] New York Fed President Williams urgently convened primary dealers last week to discuss the effectiveness of the standing repo facility. The persistent breach of short-term repo rates beyond policy targets has drawn the Federal Reserve's attention to the strained conditions in the money market.

[Crypto Project Flying Tulip's Fund Management Institutions Spark Controversy, Community Suggests Re-Evaluation] On November 17, crypto KOL @Cbb0fe suggested on the X platform that Andre Cronje re-evaluate the fund management institutions for Flying Tulip's $1 billion fund. The current fund managers are MEV Capital and Re7 Labs, but these two institutions have performed poorly in the recent series of DeFi-related collapses. Flying Tulip is a crypto project newly founded by Andre Cronje in September this year. It previously completed a $200 million private seed round financing at a $1 billion valuation, with investors including Brevan Howard Digital, CoinFund, DWF Labs, and others. The financing was conducted through a Simple Agreement for Future Tokens (SAFT) structure. The project plans to build an on-chain trading platform covering the DeFi sector, including functionalities for spot trading, derivatives, lending, stablecoins, and insurance.

[SlowMist Founder Yu Xian: Private Keys of Some NoFx Open-Source Automated Trading System Users' Wallets Leaked] On November 17, SlowMist founder Yu Xian stated that some users of the NoFx open-source automated trading system have experienced wallet private key and CEX/DEX API key leaks, resulting in actual cryptocurrency theft incidents. To mitigate risks, SlowMist has collaborated with relevant security teams to notify affected users before disclosing related details.

[Matrixport: Bitcoin and Ethereum Leveraged Positions Accelerate Clearance] Matrixport stated on November 17 that the current market is in a deleveraging phase, with rising risks associated with high positions. The open interest in Ethereum contracts has dropped by 50%, leveraged funds are rapidly contracting, and overall risk appetite is under pressure. Bitcoin is approaching the critical support level of $93,000, and liquidity in this range may weaken in the short term. Long positions in futures for the fourth quarter have been largely cleared, and leveraged pressure has been released temporarily. Attention should be paid to the concentration of ETF holdings; if the market weakens, it may trigger further position reductions, bringing new liquidity pressures.