JPMorgan terminates banking relationship with Strike CEO
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JPMorgan Chase has terminated its banking relationship with Strike CEO, raising concerns about the de banking of the cryptocurrency industry. （Decrypt）
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JPMorgan Chase has terminated its banking relationship with Strike CEO, raising concerns about the de banking of the cryptocurrency industry. （Decrypt）
The $80K BTC put is now the most popular options play on Deribit.
[Since the Establishment of the U.S. Department of Government Efficiency, Official Debt Has Increased by $2.1 Trillion] On November 24, KobeissiLetter reported that since the establishment of the U.S. Department of Government Efficiency (DOGE) on January 20 this year, official U.S. debt has increased by $2.1 trillion, averaging $6.5 billion per day. DOGE was founded under the leadership of Musk, with the goal of reforming Washington, reducing the size and budget of federal agencies, and shifting focus to Trump's priorities. On April 25 this year, Musk stepped down from DOGE, after which progress slowed. DOGE was originally planned to operate until July 2026 but has since been dissolved, and the latest whereabouts of its six core members remain unclear.
**[Trump Family Loses Over $1 Billion in Wealth Due to Cryptocurrency Crash]** November 24 news: The recent large-scale sell-off in the cryptocurrency market has caused the Trump family's overall wealth to shrink from approximately $7.7 billion at the beginning of September to around $6.7 billion, evaporating about $1 billion. The Trump meme coin has dropped about 25% since August, Eric Trump's equity in a Bitcoin mining company has halved in value, Trump Media's stock price has fallen to a historic low, and the family project WLFI token price has dropped from $0.26 to around $0.15, resulting in a paper loss of nearly $3 billion. Previously, the sale of WLFI tokens generated approximately $900 million in revenue, but related holdings have incurred a floating loss of $220 million. ABTC, co-founded by Eric Trump in collaboration with Hut 8, saw its stock price fall by over 50%, with personal holdings losing about $330 million. After partial unlocking of the Trump meme coin, market price declines have led to a paper loss of approximately $117 million.
On-chain AI analysis tool CoinBob monitoring shows that the 'CZ Counterparty' whale address (0x9ee) currently has an ETH long position with an unrealized loss of approximately $18.8 million (-191%), with a position size of about $148 million, an average entry price of $3,201, and a liquidation price of $2,443. Its XRP long position has a position size of about $80.3 million, an average entry price of $2.29, and an unrealized loss of $8.62 million (-107%). This address previously increased its short positions after CZ purchased ASTER on November 2, then closed the positions at breakeven on November 17. It has since shifted to ETH long trades and suffered a partial liquidation on November 21, recording a $7.3 million loss. It is currently the largest holder of ETH and XRP long positions on Hyperliquid.
[Aerodrome Domain Hijacking Incident Causes Approximately $700,000 in User Losses] Aerodrome disclosed that it had previously suffered a domain hijacking attack, which was fully mitigated within less than 4 hours, resulting in approximately $700,000 in user losses. Major wallets such as MetaMask and Coinbase Wallet began displaying warnings within 2 minutes of the first malicious transaction being detected. Losses were limited to users who connected and signed transactions during the active period of the malicious website. Currently, the team is working with security advisors and corporate registrars, and the domain is expected to be migrated and reopened next week. The Aero and Velo Foundations are formulating plans to provide proportional compensation to affected users.