New wallet created to close BTC short position, resulting in a loss of $3.2 million

Monitoring shows that a giant whale has deposited $1.18 million USDC into Hypeer Liquid and opened a long position in HYPE with 5-fold leverage, while also placing orders to increase positions. In another wallet, the whale holds a long position in HYPE with 6 times leverage, currently with a floating profit of $850000. （Onchain Lens）

[Former Coinbase Product Director Nemil Dalal Joins Y Combinator as Visiting Partner] Former Coinbase Product Director Nemil Dalal will join Y Combinator as a Visiting Partner, focusing on the crypto sector. Nemil Dalal stated that Y Combinator had a profound impact on him in 2012, helping him gain experience and driving the development of products such as USDC, Coinbase Developer Platform, and x402. Nemil Dalal worked at Coinbase for 7 years, advancing the development of USDC, DeFi, and developer tools.

According to GoPlus data, major security incidents in Web3 during November caused economic losses of approximately $183.98 million. Among them, Balancer suffered an attack resulting in losses of $128 million, and Upbit experienced theft amounting to $36.8 million. The types of security incidents included smart contract vulnerabilities, social engineering attacks, phishing attacks, Ponzi schemes, and rug pulls. Specifically, smart contract vulnerabilities led to 15 major incidents, causing losses of approximately $175.03 million; phishing attacks resulted in losses of around $8 million, affecting approximately 7,000 victims.

[Bank of Japan Governor Kazuo Ueda Talks About Uncertainty in Rate Hikes] Bank of Japan Governor Kazuo Ueda stated that there is still uncertainty regarding the extent to which interest rates can ultimately be raised.

[30-Year Japanese Government Bond Yield Hits Historic High of 3.445%] The yield on Japan's 30-year government bonds reached a historic high of 3.445% on Thursday morning, following the Ministry of Finance's plan to issue ¥700 billion worth of notes in this range. The auction results will be announced in the afternoon. Sony Financial Group economist Takayuki Miyajima stated that expectations of a Bank of Japan rate hike and concerns over fiscal expansion are driving selling pressure, but high yields may support demand. He expects the 30-year bond auction results to remain stable. Market expectations for a Bank of Japan rate hike in December and concerns over worsening fiscal conditions have driven the rise in government bond yields.