[Ethereum Network Stablecoin Supply Surpasses $184.1 Billion, Setting a New Record] The stablecoin supply on the Ethereum network has reached $184.1 billion, marking a historic high for this metric. This growth reflects the continued expansion of stablecoins within the Ethereum ecosystem and their significance in the blockchain finance sector.

[Sky Community Proposes SparkLend to Stop Using sUSDS and sDAI as Collateral] The Sky Community has issued a proposal suggesting that SparkLend cease using sUSDS and sDAI as collateral to reduce its risk exposure to other assets. The proposal plans to set the supply cap for each asset to 1 token, with a maximum LTV of 0%, prohibiting new supply and new loans using sDAI or sUSDS as collateral. After the update, third-party users of SparkLend will essentially be shielded from the solvency and liquidity risks associated with DAI, USDS, and the Sky ecosystem.

[TVL of Curator-Managed DeFi Risk Vaults Drops to $7.5 Billion] The trust crisis surrounding the DeFi risk vaults managed by Curator continues to escalate due to the fallout from the Stream Finance debacle. According to DefiLlama data, the total value locked (TVL) in the vaults has plummeted from $10.3 billion on October 30 to the current $7.5 billion. On November 4, after Stream Finance announced the suspension of withdrawals, the TVL of Curator's risk vaults further decreased by $2 billion from $9.5 billion, now standing at $7.5 billion.

[Wall Street Warns of Potential Return of Money Market Stress, Fed May Be Forced to Intervene] On November 7, multiple Wall Street banks warned that stress in the U.S. money market could resurface, potentially prompting the Federal Reserve to take swifter action to curb the rise in short-term interest rates. While short-term financing rates have stabilized this week, signs of financial system strain last month have raised concerns. Citibank's Head of Rates Trading, Deirdre Dunn, believes the risk of a spike in repo rates still exists. Curvature Securities Executive Vice President Scott Skyrm stated that financing pressures could reemerge at the end of next month and year-end. Bank of America strategist Meghan Swiber pointed out that the surge in Treasury bill issuance could deplete demand from traditional investors, possibly requiring the Federal Reserve to step in to balance supply and demand.

'7 Siblings' purchased an additional 1,601 ETH today, with a total value of approximately $5.25 million. As of now, the entity has invested approximately $163 million USDC since the market downturn on October 11, acquiring a total of 45,800 ETH at an average cost of $3,561 per ETH. The current market price of ETH is below their average purchase price, resulting in a temporary unrealized loss of approximately $9.48 million.