ETH falls below the $3300 mark

[South Korea May Adjust Sanctions to Address North Korea's Cryptocurrency Theft Threat] South Korean Vice Foreign Minister Kim Ji-na stated that South Korea may adjust its sanctions framework against North Korea to address the threat of cryptocurrency theft by the regime. Previously, the U.S. Department of the Treasury imposed sanctions on eight North Korean bankers and two entities, accusing them of laundering money through cryptocurrency to support nuclear weapons development. Reports indicate that North Korea has stolen approximately $2.84 billion in cryptocurrency since January 2024, with some of the funds being directed toward its nuclear weapons program. Kim Ji-na emphasized that coordinated efforts between South Korea and the U.S. are crucial in responding to North Korea's digital threats, noting that South Korea has previously imposed independent sanctions on North Korea based on U.S. actions.

[Trump Family Mining Company American Bitcoin Increases Holdings by 139 BTC, Total Holdings Reach 4,004 BTC] Trump family mining company and U.S. publicly listed firm American Bitcoin (ABTC) announced that since October 24, 2025, it has increased its holdings by 139 BTC. The current total holdings have reached 4,004 BTC, with the Satoshis Per Share (SPS) indicator at 432 satoshis.

[Gauntlet Implements Emergency Withdrawal Suspension on Compound Platform] Aave founder Stani.eth stated on social media that risk management firm Gauntlet has taken emergency measures on the Compound platform, suspending user withdrawal services. This move is related to the depegging of the decentralized stablecoin deUSD from the US dollar, which has resulted in users being unable to withdraw funds normally. Stani.eth commented that such assets should not be included in major markets. Gauntlet explained that this action is a 'proactive preventive measure,' similar to the risk mitigation strategies previously implemented on the Aave platform.

[USDC Treasury Burns Over 100 Million USDC on Solana Chain] USDC Treasury burned 104,314,973 USDC on the Solana chain at 8:47 AM (UTC+8) today.

**[DeFi Ecosystem Faces Liquidity Crisis, Potentially Hiding $8 Billion Risk]** On November 7, concerns about a liquidity crisis triggered by cascading liquidations spread across the crypto community. On November 3, Stream Finance announced the suspension of deposits and withdrawals after one of its external fund managers suffered a liquidation during market volatility on October 11, resulting in a loss of approximately $93 million in fund assets. Currently, the DeFi ecosystem may be facing a systemic crisis involving $8 billion in total value locked (TVL), with reported losses of around $100 million. The DeFi liquidity protocol Elixir has been affected, showing a $68 million risk exposure. Morpho's co-founder responded that insufficient liquidity in certain pools is not due to systemic vulnerabilities. Stablecoin yield protocols saw $1 billion in outflows within a single week, while the market capitalization of Ethena Labs' USDe dropped by approximately 45% over the past month, falling below $9 billion. Compound has suspended multiple stablecoin lending markets on Ethereum, and Stables Labs' USDX stablecoin significantly depegged to $0.314. Asset leverage nesting and lack of transparency in management could potentially trigger a larger crisis.