Unknown Whale: Closing 25 times leverage ETH long position, losing $2.76 million

On chain data shows that a certain whale organization made a profit of 96.67 million US dollars through band operations. On November 10th, the institution sold 10000 ETH at a price of $3597, earning a profit of $2.93 million; Subsequently, within the last day, 19945 ETH were repurchased at an average price of $3200 through Coinbase, Wintermute, and FalconX, with a total value of approximately $63.82 million. (Ashes)

[Tether Provides Approximately $1.5 Billion in Credit Support to Commodity Traders] Tether CEO Paolo Ardoino stated that Tether has provided approximately $1.5 billion in credit support to commodity traders, with financing offered in the form of cash and its USDt (USDT) stablecoin, which is pegged 1:1 to the US dollar. This lending business is part of Tether's recently launched Trade Finance unit, which primarily focuses on traditional commodity trading sectors such as agriculture and oil, providing traders with the necessary funding for procurement, transportation, and delivery of goods. Ardoino revealed that Tether plans to significantly expand its exposure in this sector.

The trader at address 0x1c4e spent $30000 (30000 USDC) today to purchase 1.11 million EDELs, and the address has previously accumulated a profit of over $1.33 million. （Lookonchain）

[ProCap BTC Chief Investment Officer Says CFTC Plays a Broader Role in Cryptocurrency Regulation] ProCap BTC Chief Investment Officer Jeff Park stated in an interview with cryptocurrency entrepreneur Anthony Pompliano that the U.S. Commodity Futures Trading Commission (CFTC) will have a broader regulatory scope in the cryptocurrency sector compared to the Securities and Exchange Commission (SEC). He noted that although the recently proposed cryptocurrency market structure bill presents complex issues, the overall framework for market regulation is gradually taking shape. Park believes that the core functions of the CFTC, including regulating financial innovation and managing capital efficiency, leverage tools, and derivative products, align closely with the current development trajectory of the cryptocurrency industry, which is building a new settlement layer to enhance capital efficiency.

[Yala Stablecoin YU Shows High-Risk Signal, Related Address Fails to Repay High-Interest Loans] The DeFi community YAM posted on Platform X, stating that the Yala stablecoin YU has shown warning signs. An address closely associated with Yala has fully borrowed USDC and most of the YU funds from the Yala Frontier market on Euler. Despite persistently high interest rates, the loans remain unpaid, causing the market's fund utilization rate to reach 100%, leaving lenders unable to withdraw liquidity. The Euler team has set the borrowing cap for this market to zero. The Yala team has yet to respond to the Euler team or Discord community users. YAM noted that the peg rate on YAmericaolana remains stable, with nearly one million USDC in the liquidity pool available for withdrawal at the pegged price. This post serves as a risk warning, and it is not yet confirmed whether Yala is in distress.