OKB falls below the $140 mark

**["100% Win Rate Whale" Increases HYPE Long Positions, "Maji" Reduces HYPE and PUMP Long Positions]** On November 3, HyperInsight data shows that the "100% Win Rate Whale" slightly increased its HYPE long positions by 294.34 units 12 minutes ago, with the current long position valued at approximately $397 million. Meanwhile, "Maji" reduced its HYPE and PUMP long positions, with the current long position valued at approximately $10.01 million.

[ZachXBT: Stablecoin Code Fatigue and Poor User Experience Lead to Liquidity Fragmentation] ZachXBT stated on X platform on October 31 that stablecoin 'code fatigue' and poor user experience are causing liquidity fragmentation, forcing users to face high costs and complex processes for completing simple transactions.

[Australian Police Operation Ironside Arrests 55 People, Seizes $37.9 Million in Crypto Assets] South Australia Police launched the third phase of 'Operation Ironside' during the first weekend of November, arresting 55 suspects and adding approximately 800 new charges related to drugs, weapons, and conspiracy. The operation was based on information intercepted from the encrypted communication app AN0M, which was controlled by the U.S. Federal Bureau of Investigation (FBI). The High Court had previously ruled that the related evidence was admissible. To date, the total amount of crypto assets seized in the case is approximately $37.9 million. Police stated that the suspects used cryptocurrency for money laundering activities, with the associated technical methods becoming increasingly sophisticated.

[Flutterwave and Polygon Collaborate to Launch Africa Stablecoin Cross-Border Payment Network] Nigerian fintech company Flutterwave has partnered with Polygon Labs to launch a stablecoin cross-border payment network covering 34 African countries. The network leverages Polygon's Ethereum-compatible infrastructure to enhance transaction speed and reduce settlement costs. Flutterwave CEO Olugbenga Agboola stated that this move could increase the company's payment transaction volume tenfold and drive capital flow across the African continent.

[Bitcoin drops to $109,000, Ethereum falls below $3,800] Bitcoin price dropped to $109,000 per coin, with a daily decline of 1.42%. Ethereum price fell below $3,800 per coin, with a daily decline of 2.85%.