BTC falls below the $84000 mark

[U.S. Government Shutdown May Last Until After November 16, Market Expectations Rise Significantly] According to Polymarket data, the probability of the contract 'U.S. government shutdown ends after November 16' has risen to 44%, indicating that the market expects the government to struggle to resume operations in the short term. The data shows that the probability of it ending 'between November 4 and 7' is 3%, 'between November 8 and 11' is 22%, and 'between November 12 and 15' is 30%. As of now, the U.S. federal government shutdown has lasted 37 days, setting a new historical record. The previous longest shutdown occurred from late 2018 to early 2019, lasting 35 days. Analysts point out that the two parties remain deadlocked over the appropriations bill, with the Senate failing to pass the temporary budget proposal put forward by Republicans in 13 consecutive votes.

[U.S. lawmakers to discuss market structure bill with crypto advisor David Sacks] U.S. Congress members plan to meet with David Sacks, a crypto advisor from the Trump administration, to discuss matters related to the crypto market structure bill.

[ETH Whale Failed High-Leverage Short Last Night, Losing $1.45 Million] A cryptocurrency whale, who previously maintained a 100% win rate, opened a short position with 25x leverage worth $37.67 million when ETH was priced at $3,300 last night. However, ETH's price subsequently rebounded to $3,404, forcing the whale to close the position and incur a loss of $1.45 million. To maintain the position, the investor had withdrawn 3,922 SOL from Bybit and converted it into 618,000 USDC as additional margin. This incident highlights the risks of high-leverage trading.

[U.S. Government Shutdown May Delay Crypto Market Structure Legislation Until 2026] The U.S. government shutdown has lasted for 36 days, setting a historic record and potentially further delaying Congress's progress on the crypto market structure bill. Although the election results have strengthened the Democrats' bargaining position, industry insiders expect the likelihood of the bill being finalized in 2025 to be low, with a possible delay until 2026. White House Digital Assets Advisor Patrick Witt stated that President Trump still demands the final version to be submitted before 2025, but the drafting of the bill's text has been hindered due to large-scale government shutdowns. Blockchain Association CEO Summer Mersinger also pointed out that the likelihood of the bill being delayed until 2026 is increasing.

[Kamino Increases PT-eUSX Deposit Capacity to $10 Million] On November 6, Solana ecosystem liquidity protocol Kamino announced that it has increased the PT-eUSX deposit capacity to $10 million. eUSX is a liquid staking token under Solstice.