Bitcoin: Price breaks through $106000 mark

Trader James Wynn continued to short Bitcoin after experiencing 12 sell offs within 12 hours and stated that he had "fully invested" his position. （Cointelegraph）

["Maji Big Brother" increases 25x leveraged ETH long position, position value exceeds $20 million] According to Hyperbot data, "Maji Big Brother" has increased the 25x leveraged Ethereum long position to 5,699 ETH, with the current position value reaching $20.474 million and a liquidation price of $3,435.1.

[Matador Technologies Completes $10.5 Million Financing, Plans to Increase Bitcoin Holdings] Bitcoin treasury company Matador Technologies has completed a $10.5 million financing through a convertible bond issuance. The new funds will be used to increase Bitcoin holdings. The company plans to grow its Bitcoin holdings to 1,000 BTC by 2026 and expand to 6,000 BTC by 2027.

[Exodus Movement Acquires Uruguayan Payment Company Grateful] Cryptocurrency platform Exodus Movement, Inc. (NYSE American: EXOD) announced the acquisition of Uruguayan payment coordinator Grateful to enhance Exodus's merchant service capabilities in Latin America, particularly for stablecoin-based payment solutions.

[U.S. Suspends Section 301 Investigation Measures on China's Shipbuilding Industry for One Year] At 12:01 AM on November 10 (Eastern Time), the Office of the United States Trade Representative announced that it would suspend Section 301 investigation measures on China's shipbuilding and related industries for one year. This includes halting the imposition of port fees on Chinese ships and additional tariffs on equipment such as Chinese ship-to-shore cranes. On the same day, China also suspended the implementation of related countermeasures. The Ministry of Commerce stated that China is willing to engage in communication and consultations with the U.S. based on principles of mutual respect and equal negotiation. It hopes the U.S. will continue to work with China to jointly maintain a fair competitive environment in the international shipping and shipbuilding markets.