[Hong Kong Police Freeze HK$2.75 Billion in Assets of Cambodia's Prince Group Over Cross-Border Telecom Fraud and Money Laundering] Cambodia's Prince Group has had its assets frozen by law enforcement agencies from multiple countries due to its alleged involvement in large-scale cross-border telecom fraud and money laundering activities. On November 4, Hong Kong police announced the freezing of approximately HK$2.75 billion (around US$350 million) in assets belonging to the group. Earlier, in mid-October, the United States and the United Kingdom jointly froze Bitcoin worth approximately US$15 billion held by the group's leader, Chen Zhi. Hong Kong police stated that through intelligence gathering and analysis of fund flows, they discovered that several companies and related bank accounts under the group were suspected of money laundering crimes. Although the police did not explicitly confirm whether the frozen assets were connected to the Prince Group, multiple sources have verified that the group in question is Cambodia's Prince Group. The investigation into the case is still ongoing.

[ETH Whale Suffers Over $9.65 Million Loss in a Week Before Opening Long Positions Again] On-chain analysis reveals that the address, which had opened a 25x leveraged long position after ETH's flash crash on October 11, switched to short positions yesterday and closed out with a stop-loss approximately 10 hours ago, incurring a loss of about $1.386 million. The cumulative loss over the past week amounts to $9.655 million. The address has since reversed its position and opened long positions again, currently holding 2,248.72 ETH long contracts (approximately $7.69 million) at an entry price of $3,434.29. The position is currently in an unrealized loss.

[Notional to Shut Down V3 Protocol to Address Bad Debt Risk Triggered by Balancer Vulnerability] Notional announced that due to the Balancer vulnerability, its V3 protocol on the Ethereum mainnet and Arbitrum has incurred approximately 721.6 ETH in bad debt (641.4 ETH on the mainnet and 80.2 ETH on Arbitrum). Users of the Balancer/Aura leveraged vaults affected by this will face a 100% loss. The account value of ETH lenders and liquidity providers on the mainnet and Arbitrum will be significantly reduced, with some users utilizing ETH collateral for loans being impacted, while other accounts remain unaffected. Notional has decided to gradually shut down the V3 protocol and migrate cross-currency lending user positions to Aave to prevent liquidation risks. The team will release a detailed report explaining the loss proportions and remediation plans and will strive to recover assets to minimize user losses.

**["Calm Trade King" Fully Switched to Long Positions Yesterday, Floating Profit Near $4 Million]** On November 6, on-chain AI analysis tool CoinBob detected that "Calm Trade King" fully switched to long positions yesterday, bottom-fishing multiple cryptocurrencies. The account currently shows a floating profit of $3.47 million (100%), with the floating profit briefly reaching $4 million early this morning. The total current holdings amount to approximately $68.34 million, with no positions closed yet. Key holdings include: - **BTC** long position with a floating profit of $620,000 (55%), average price $103,500, holding size approximately $22.41 million; - **ETH** long position with a floating profit of $1.6 million (174%), average price $3,431, holding size approximately $22.90 million; - **SOL** long position with a floating profit of $1.06 million (109%), average price $153, holding size approximately $19.48 million. Previously, this trader had rolled $3 million in principal into over $25 million, accurately predicting market trends multiple times, drawing significant attention from the on-chain swing trading community. Rhythm BlockBeats reminds investors that the recent cryptocurrency market has experienced significantly heightened volatility, and risk control should be prioritized.

[U.S. Court Dismisses Prisoner's $354 Million Bitcoin Claim Case] The U.S. Federal Appeals Court on Tuesday dismissed a lawsuit by Florida man Michael Preme seeking to recover over $354 million worth of Bitcoin. Preme claimed the Bitcoin was stored on a hard drive that was destroyed when he was arrested in 2019, but the court ruled that his claim was filed too late and that his earlier statements contradicted his subsequent assertions. Preme had repeatedly stated that he owned almost no cryptocurrency, leading federal agents to conclude their search and destroy the device. Preme was sentenced to more than five years in prison in 2020.