The head of encryption in the United States claims that the encryption industry is the future industry

[Machi Big Brother opens 100 ETH 25x leverage long position with $16,700] Machi Big Brother (@machibigbrother) used the remaining $16,700 to open a 100 ETH 25x leverage long position, with a total value of $364,000 and a liquidation price of $3,546.43. Previously, Machi Big Brother's position shifted from a profit of $44.84 million to a loss exceeding $15 million.

[FTX Recovery Trust Withdraws Motion for 'Restricted Jurisdiction Procedures'] On November 3, the FTX Recovery Trust officially withdrew a previously submitted motion from the Delaware Bankruptcy Court. The motion aimed to implement 'restricted procedures' in certain foreign jurisdictions to facilitate the execution of the restructuring plan. During a hearing on October 23, the court raised objections to the motion, ultimately leading to its unconditional withdrawal. This decision is seen as a phased victory for affected creditors in their fight for rights. If the related procedures are to be restarted in the future, the FTX Recovery Trust will need to resubmit the motion and fulfill the notification process. (UTC+8)

[Sonic Freezes Two Addresses Related to Balancer Hack] Sonic officially announced that due to the Balancer hack involving Sonic ecosystem project Beets, the team has taken precautionary measures, deployed security mechanisms, and plans to implement them in the upcoming network upgrade. Additionally, two wallet addresses related to the hacker (0xf19f, 0x0453) have been frozen and are awaiting further investigation. Sonic will collaborate with the Beets team to advance subsequent efforts.

[Vitalik Suggests Replacing Modexp Precompiled Code with EVM Code] Vitalik Buterin stated that the Modexp precompiled code has hindered Ethereum's development due to inefficiency and complexity, increasing the ecosystem's risk of consensus failure. He proposed releasing an EIP to replace the Modexp precompiled code with EVM code of equivalent computational capacity, even though it would consume more Gas fees. Modexp is primarily used for RSA encryption and signatures, with limited application scenarios. Related programs can achieve functionality through SNARK encapsulation.

Binance ONDO/USDT's perpetual trading volume surged 6 times within 10 minutes, with a turnover of 124 million US dollars in the past 24 hours, a decrease of 7.82% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Binance contracts ranks first in the world