On November 6, South Korean Deputy Prime Minister and Minister of Finance and Economy Lee Hyung-il chaired an emergency meeting to review the market situation, which was attended by four top South Korean economic and financial officials. The meeting decided to exempt securities firms from the 140% collateral requirement for credit financing for a period of three months. If stock market volatility increases, the South Korean government will take market stabilization measures. (Source: Yonhap News Agency)

Micron (MU) plunged 17% last night. A whale opened a long position in Micron (MU) worth $31 million at $775.25 before the plunge began. Micron (MU) subsequently fell to a low of $650, and the whale suffered a paper loss of up to $5 million. Micron (MU) has rebounded to around $700, narrowing the whale's losses to $3.12 million.

Arca CIO Jeff Dorman stated that Hyperliquid is the first project to simultaneously generate revenue from L1 public chain, DEX transaction fees, and stablecoin transaction fees. Jeff Dorman believes that the value of L1 tokens depends on whether they can earn DEX and stablecoin fees, and Hyperliquid has already achieved this goal.

The iOS exploit tool DarkSword exploits a vulnerability in iOS 18 to run code in the background via malicious websites in Safari, stealing user passwords, files, and encrypted wallet private keys and mnemonic phrases. So far, 18 malicious websites have caused users to lose $5.57 million, affecting more than 20 wallets. Zhao Changpeng reminded users to update their iOS systems in a timely manner, and stated that self-management means taking responsibility for oneself, and no wallet software can update the operating system on behalf of the user.

The Zcash NU7 upgrade is now activated on the mainnet. This upgrade reduces block time from 75 seconds to 25 seconds and temporarily removes 60% of the transaction fees from each block, with plans to redistribute them to miners around February 2031. Furthermore, Zcash's original privacy system, Sprout, has been completely shut down.