ETH falls below the $3200 mark

[Whale Withdraws 108,158 SOL from OKX and Completes Staking] On-chain monitoring data shows that a whale withdrew 108,158 Solana (SOL) from the cryptocurrency exchange OKX and performed staking operations. The related assets are valued at approximately $16.2 million. This large transaction has attracted market attention and may have a potential impact on SOL's liquidity and staking ecosystem.

[Former Australian Rugby Star Arrested for Alleged Cryptocurrency Theft] On November 5, former Australian Rugby League star Trent Merrin was arrested for allegedly stealing cryptocurrency worth $91,000 (approximately AUD 140,000). Police accused Merrin of transferring funds from the victim's account through deceptive means. Merrin has been granted conditional bail and is scheduled to appear at Port Kembla Local Court on December 3. This incident comes amid Australia's intensified crackdown on digital currency crimes. Merrin previously played for the St. George Illawarra Dragons, Penrith Panthers, and Leeds Rhinos during his 15-year career, representing New South Wales and the Australian national team. After retiring in 2021, he ventured into business activities in the cryptocurrency and health and wellness sectors.

On November 4th, the net outflow of Bitcoin spot ETF was 566.4 million US dollars, and the net outflow of Ethereum spot ETF was 219.4 million US dollars. Meanwhile, the SOL spot ETF recorded a net inflow of $14.9 million. （Cointelegraph）

[OKX to Adjust Leverage Tiers and Discount Rates on November 10, 2025] OKX plans to adjust certain leverage tier rules and token discount rate tiers on November 10, 2025, from 14:00 to 18:00 (UTC+8). The isolated margin and single-currency margin mode's cross margin leverage will be adjusted according to the new tier rules, while the cross-currency margin mode and portfolio margin mode's cross margin leverage will be adjusted based on the USDT trading pair rules. Token discount rate tiers will also be adjusted simultaneously. For detailed rules, please refer to the official announcement. Users should be aware that market fluctuations may lead to an increase in the maintenance margin rate. It is recommended to adjust positions or add margin in a timely manner to manage risks.

[He Yi: Every cycle sees people exiting the market, while others respond calmly] Binance Co-Founder He Yi posted on the X platform, stating that Bitcoin has experienced significant fluctuations across multiple historical cycles, with some always believing the crypto market is coming to an end—for example, dropping from $1,000 to $200, $20,000 to $3,000, $60,000 to $17,000, and recently from the $120,000 range to the $100,000 range. She pointed out that every cycle sees some disheartened individuals exiting the market, while others respond calmly. She emphasized that 'history does not repeat itself, but it rhymes,' and reminded investors to conduct their own research (DYOR).