The perpetual futures DEX Drift Protocol has released the latest governance token DRIFT economic model, with 55.6% of the total supply already in circulation, and the lock-up period for major investors has ended. Drift v3 is set to launch, focusing on speed and performance, with community discussions on the proposal to buy back DRIFT tokens.

BlockBeats news, on November 18, Microsoft, Nvidia, and Anthropic reported a partnership. Anthropic has committed to spending $30 billion to purchase Azure computing power. Microsoft has promised to invest up to $5 billion in Anthropic. Nvidia stated that Microsoft and Anthropic are also expanding their existing partnership to provide broader access to Claude for enterprises. (Jin10)

The report released by Pendle and Token Terminal shows that its total Lock-up Position value has reached 8.75 billion USD, with volume surpassing 23.39 billion USD. Both protocol revenue and transaction fees have significantly risen, with active users increasing to 29,200. Pendle will expand to non-EVM ecosystems such as Solana.

Futu Holdings' Q3 2025 financial report shows total revenue reached HKD 6.403 billion, a year-on-year rise of 86.3%; net profit was HKD 3.312 billion, up 136.9%. The platform's virtual asset trading volume increased by 161% quarter-on-quarter, and the number of users rose by 87%. At the same time, it participated in the Central Bank digital currency project and launched the Huaxia Solana ETF.

Gate will launch the "5 Million USDT Subsidy Care Program" Phase III from November 18 to 25, aimed at all users on the network. First-time Futures Trading or newly signed up users can receive an additional 50 USDT, with a total prize pool of 5,000,000 USDT, on a first-come, first-served basis. The event has three types of eligibility for receiving.

PANews reported on November 18 that according to Elephant News, Chen Zhizeng, the chairman of the "太子集团" in Cambodia, attempted to obtain long-term residency by establishing a company in Japan and purchased a luxury house in a high-end residential area in Tokyo. In recent years, the "太子集团" has established three related companies in Japan, including the consulting firm Prince Japan founded in 2023, the real estate company Canopy Sands Development Japan Co. founded in 2024, and a company set up by Chen Zhizeng himself in 2022. These companies have held seminars to promote high-end real estate projects in Cambodia, suspected of using criminal proceeds for development and laundering money through sales. According to reports, Chen Zhi's initial residence was registered near the headquarters of the Prince Group in Phnom Penh, Cambodia, and was changed in 2024 to a luxury apartment in Minato, Tokyo. It is reported that the apartment covers an area of over 150 square meters, monthly

Gate News Bot news, on November 18, according to CoinMarketCap data, as of the time of writing, YB (YieldBasis) is currently priced at 0.44 USD, with a 24-hour pump of 5.97%, reaching a high of 0.51 USD and a low of 0.40 USD. The current market capitalization is approximately 38.5 million USD, an increase of 2.17 million USD compared to yesterday. YieldBasis is a platform that generates returns by utilizing market volatility. The project offers multiple sources of income, including trading profits and token staking rewards. Currently, the platform's total value locked (TVL) has reached $150 million, supporting 3 trading markets. Users can earn YB token rewards by providing liquidity, with an annualized yield of up to 38.53%. YieldBasis also supports governance and voting functions, providing users with the opportunity to participate in platform decision-making.

Gate Web3 launched the Gate DEX API on November 18, providing global developers with the aggregated trading capabilities of a decentralized exchange, supporting 18 public chains and over 1200 DEXs, with an average response time of less than 100 milliseconds and a service availability of up to 99.9%. Developers can enjoy a free package to help quickly launch applications.

ZetaChain partners with Alibaba Cloud to launch the "Universal AI" co-learning hackathon, aimed at developers in the Asia-Pacific region, with the goal of exploring the integration of AI and Blockchain, offering a $200,000 ecosystem grant. The event includes co-learning camps and an online hackathon, encouraging the development of smart applications and promoting Web3 innovation.

ChainCatcher news, the Crypto Assets yield trading platform Pendle has released its third quarter report, showing an average Total Value Locked (TVL) of 8.75 billion USD in the third quarter, up from 3.99 billion USD in the second quarter, with stablecoins accounting for about 80% of the TVL. Currently, it ranks second on Plasma, with a Total Value Locked (TVL) close to 1 billion USD (approximately 30% of the entire chain). In addition, Pendle's nominal trading volume in the third quarter was $23.39 billion, with fees of $9.53 million, revenue of $9.14 million, and monthly active users of 292,000, with key metrics showing growth.

Gate News Bot news, on November 18, according to CoinMarketCap data, KAI (KAI) is currently priced at $0.85, with a rise of 14.97% in the last 24 hours, reaching a high of $0.93 and a low of $0.72. The 24-hour volume has reached $135 million. The current market capitalization is approximately $206 million, an increase of $26.8 million compared to yesterday. Important news about KAI recently: 1️⃣ **Launch an innovative leaderboard in collaboration with CCCC** Kaito has teamed up with the Crypto Content Creator Campus (CCCC) to launch the "CCCC Mindshare Leaderboard" mental influence ranking. This ranking utilizes AI technology to analyze the true impact of cryptocurrency content creators.

The $SENT Airdrop sign up entry has opened on November 18th, and users must complete account connection and verification by 2 AM on November 30th. This airdrop is aimed at community contributors, active users, social platform Top Voices, and Open Source researchers. Registration requires selfie verification through 'Billions', and accounts cannot be added after submission.

Golden Finance reports that TD Cowen analysts state that although the mNAV of Strategy recently fell below 1 (which means its stock trading price is lower than the market value of its Bitcoin holdings), and Bitcoin has fallen to a seven-month low, this has not changed its long-term outlook. The company believes that as its Bitcoin accumulation model scales up, there is still significant pump potential. Analysts Lance Vitanza and Jonnathan Navarrete maintained a target price of $585 for MSTR, which implies an approximate 170% rise from Strategy's current stock price of around $194. They noted that the current weakness reflects more of the market volatility rather than any change in the company's ability to accumulate additional Bitcoin.

Golden Finance reported that Goldman Sachs stated that central banks around the world may have purchased a large amount of gold in November, continuing a trend over the years to diversify reserves to hedge geopolitical and financial risks. Goldman Sachs reiterated in a report that it expects gold prices to reach $4,900 by the end of 2026, and if private investors continue to diversify their portfolios, gold prices may rise further. So far this year, gold prices have risen by 55%, primarily driven by economic and geopolitical concerns, increased inflows into exchange traded funds, and expectations of further interest rate cuts in the U.S. Goldman Sachs estimates that central bank purchases in September were 64 tons, up from 21 tons in August.

According to ChainCatcher news and official sources, TRON ECO has teamed up with SafePal to launch the "Thanksgiving Feast" themed event, with a total prize pool of up to 16,000 USDT, inviting global users to celebrate the Thanksgiving festival together. The event will take place from November 17 to 23, 2025. Participants only need to follow the official account and complete designated community interaction tasks to have a chance to win multiple prizes. The reward settings include: the first place will receive 80 USDT, and the second to third places will each receive a SafePal X1 hardware wallet.

PANews, November 17 - According to Bloomberg, LevelField Financial Inc. has announced that it has received approval from the Illinois Department of Financial and Professional Regulation to acquire Burling Bank, headquartered in Chicago, and transform it into a full-service bank offering Crypto Assets services. This transaction still requires approval from the Federal Reserve Board of Governors. According to CEO Gene Grant II, LevelField aims to complete the transaction by the end of the year after obtaining regulatory approval and meeting other closing conditions. According to the application documents submitted to the Fed, LevelField agreed to spend up to $70 million to acquire the bank. This is the second attempt at a merger between the two parties. Earlier in early 2023, just before the collapse of SilverGate and Signature banks, LevelFie

PANews, November 17 - According to UK Sky News, the UK prosecution has revealed that 26-year-old British man Joseph James O'Connor hacked into multiple celebrities' X accounts to steal Bitcoin and has been ordered to repay approximately £4.1 million in Crypto Assets. In 2023, he was sentenced to five years in the US for computer intrusion, wire fraud, and extortion. In 2021, O'Connor was arrested in Spain, and after a ruling by the country's high court, it was determined that the evidence and victims were all in the US, making it the most appropriate jurisdiction for prosecution, and he was extradited to the US. In July 2020, the social platform X suffered a massive hacker attack, with the accounts of celebrities such as Obama, Biden, and Bezos being compromised. OConnor, in collusion with others, used these hacked accounts to set up a scam, tricking users into sending Bitcoin worth $1,000, promising to double the return, thus stealing over $794,000 worth of Crypto Assets.

According to ChainCatcher news and Jin10 reports, before the US stock market opens, some star tech stocks are strengthening, with Google A (GOOGL.O) rising 5.4%, following Buffett's first Build a Position in Google. Tesla (TSLA.O) is up 1.2%, and Micron Technology (MU.O) is up 2.3%. In popular Chinese concept stocks, Alibaba (BABA.N) rose 3.3%.

Gate News bot message, according to the Gate announcement on November 17, 2023: Gate has launched a new 7-day fixed-term financial product for SOL tokens, with an annualized yield of up to 14.9%, which includes an additional 10% annualized return bonus. The new product will offer a total of 750,000 PLAYSOLANA tokens as an additional reward. This reward will be distributed on a first-come, first-served basis and will be issued daily in the form of PLAYSOLANA tokens to eligible users. PLAYSOLANA is a Web3 gaming platform built on Solana, dedicated to creating a super hub that integrates hardware, games, and brand IP, combining GameFi and DeFi functionalities to provide users with gaming, construction, and earning opportunities.

Gate News Bot news, on November 17, according to CoinMarketCap data, as of the time of writing, HOME (Defi App) is currently priced at $0.02, having risen 6.35% in the last 24 hours, reaching a high of $0.03 and a low of $0.02. The current market capitalization is approximately $577,000, an increase of $34,400 compared to yesterday. HOME Recent Important News: 1️⃣ **Bitcoin home mining is heating up in Europe** Bitcoin home mining activities in Europe are showing a rising trend. More and more individual investors are starting to set up small mining devices at home, a trend that may indirectly drive the demand growth for decentralized application tokens such as HOME. 2️⃣ **Bitcoin may be the key to unlocking the dream of home ownership** Some analyses suggest that Bitcoin may become a help for young

Gate News Bot news, on November 17, according to CoinMarketCap data, LISTA (Lista DAO) is currently priced at $0.24, up 8.19% in the last 24 hours, with a high of $0.28 and a low of $0.20. The 24-hour volume reached $14.5 million. The current market capitalization is approximately $60.1 million, an increase of $4.55 million compared to yesterday. Important news about LISTA recently: 1️⃣ **Lista DAO expands to BNB Chain** Lista DAO is collaborating with the mXRP project to extend its lending market to the BNB Chain network. This move significantly expands the ecosystem of Lista DAO and is expected to attract more users and capital inflow. 2️⃣ **Add m

Gate News bot message, according to the official announcement from Gate on November 17, 2025: Gate will open the 341st Launchpool project from 17:00 on November 17, 2025, to 17:00 on December 1, 2025, ( UTC+8 during which the project will be Play Solana )PLAYSOLANA(. Users can participate in mining by staking USDT, GT, and PLAYSOLANA, with a total reward pool of 3.75 million PLAYSOLANA tokens. This Launchpool period has set a lock-up limit mechanism for the USDT staking pool based on the total trading volume over 60 days. At the same time, it offers a 100 USDT position experience voucher benefit for new users, limited to users who register after November 10, 2025. PLAYSOLANA is a project focused on the field of AI computing, dedicated to providing a complete solution covering AI computing infrastructure, AI cloud, foundational models, and AI-driven terminal applications. Currently, it has developed two major platforms to support AI research and application deployment globally.

Gate News Bot report, on November 17, according to CoinMarketCap data, as of the time of writing, BANANAS31 (Banana For Scale) is currently priced at $0.00353765, having risen 50.36% in the last 24 hours, with a high of $0.00386701 and a low of $0.00219981. The 24-hour trading volume reached $737,000. The current market capitalization is approximately $3.54 million, an increase of $1.18 million compared to yesterday. BANANAS31 Recent Important News: 1️⃣ **Meme coin market heat is rising** Recently, the meme coin market has heated up again, and BANANAS31, as an emerging meme token, has attracted the attention of investors. Its unique "banana" theme has sparked discussions on social media, driving the rise in volume. 2️

Gate News Bot reports that as of November 17, according to CoinMarketCap data, ZEC (Zcash) is currently priced at $701.57, with a rise of 6.09% in the last 24 hours, reaching a high of $735.77 and a low of $426.83. The 24-hour volume has reached $4.057 billion. The current market capitalization is approximately $11.446 billion, an increase of $656 million compared to yesterday. Important news about ZEC recently: 1️⃣ **Institutional investors actively position themselves, driving prices up** The US-listed company Leap Therapeutics has been renamed Cypherpunk Technologies Inc, transforming into a ZEC crypto treasury company. The company purchased 203,775.27 ZEC at an average price of 245 dollars, totaling an investment of about 500.

According to ChainCatcher news and a report from 10x Research, the current Bitcoin price is below the 7-day and 30-day moving averages, indicating a bearish signal; the weekly decline is -6.7%, and it has fallen below the $100,000 mark due to large investors (whales) starting to sell, resulting in the largest weekly decline in months; the outflow of funds from the US spot Bitcoin ETF has surged, indicating weak institutional demand. In addition, the correlation between Bitcoin and the Nasdaq 100 index continues to show a negative skew, which means that during technology stock sell-offs, the fall in Bitcoin is greater than the rise in Bitcoin when technology stocks go up, exacerbating investors' cautious sentiment. Despite the presence of macro catalysts such as central bank interest rate cuts and ETF fund inflows, these factors have failed to create upward momentum due to weak fundamental demand.

Golden Finance reports that Michael Saylor stated that Strategy will announce its next round of Bitcoin purchases on Monday morning, and said, "People will be surprised." He also added, "We have been speeding up the procurement process."

The Chief Strategy Officer of MegaETH, namik, stated that the value of MegaETH depends on the success and decentralization characteristics of Ethereum, expressing concerns that policy support for centralized L1 could affect its logic. He believes that Ethereum should maintain decentralization, while MegaETH needs to innovate in scenarios where Ethereum L1 is lacking, to validate the rationality of architectural trade-offs.

The 10X Research report from Singapore shows that retail investors have incurred losses of up to $17 billion by purchasing stocks of treasury companies holding small market capitalization tokens. Changes in market sentiment may lead to greater risks, with examples mentioning significant falls in the token prices of several companies.

The Gate GUSD minting limited-time rewards event has started. Users can complete tasks between November 14 and 28 to enjoy annualized returns of up to 50%. GUSD can also be combined with other financial products to achieve multiple returns.

Gate News 机器人消息，预测市场继续实现连续历史最高点 (ATHs)，作为龙头平台 Polymarket 和 Kalshi 正在进行激烈的市场主导竞争。这两个主要预测市场平台之间的竞争动态正在形成关键。

PANews, November 15 - According to Decrypt, Nevin Shetty, the former CFO of a software company in Washington State, was found guilty by a federal jury on four counts of telecommunications fraud for unlawfully transferring $35 million of company funds into his self-built encryption platform and investing in high-risk Decentralized Finance protocols. Shetty secretly moved company funds after learning he would be fired in 2022, initially making a profit of about $133,000, but his investments nearly dropped to zero after the Terra ecosystem collapsed in May 2022. He later admitted to his actions and was terminated by the company. Shetty is scheduled to be sentenced in February next year and could face up to 20 years in prison.

According to BlockBeats news on November 14, CryptoQuant analyst @AxelAdlerJr posted that based on his conservative valuation model for Bitcoin (which is reportedly built on the epoch cycle method and has a backtest score of up to 95/100), the first support level for Bitcoin during the bear market is $87,000, and the second support level is $74,000.

Gate News bot message, according to the Gate announcement on November 14, 2025: Gate has launched a limited-time GUSD minting task event, which will take place from November 14, 2025, 15:00 to November 28, 15:00 ( UTC+8 ). During this period, users with a net deposit of no less than 5,000 USDT equivalent can participate in GUSD minting and enjoy an annualized return of up to 50%. GUSD is a principal-protected liquid financial product, allowing users to mint it using USDT/USDC at a 1:1 ratio. The product's returns come from the revenue of the Gate ecosystem, government bonds RWA, and high-quality yield assets supported by stablecoins. During the holding period of GUSD, users can not only earn the basic minting returns but also enjoy additional investment returns by participating in financial products such as Launchpool and Launchpad. Users can mint GUSD daily from 00:00 to 23:59 ( UTC ). Earnings will begin to accrue from the day after the subscription and will be distributed in GUSD form before 18:00 the following day. Redemption methods include quick redemption with a fee of 0.1% ( and standard redemption with a fee of 0.05% ).

Gate News bot message, according to Gate's latest announcement. Gate Youbi Treasure has added a new USDG fixed-term investment product, offering three lock-up periods of 7 days, 14 days, and 30 days, with an annualized yield of up to 20%. The minimum investment amount is 1 USDG. USDG( Global Dollar) is a USD-pegged stablecoin based on the Ethereum and Solana blockchains, issued by regulated entities and backed by a 1:1 USD reserve.

Foresight News reports that the GAIB Foundation has been established for the AI computing economy layer and has announced the GAIB tokenomics. The GAIB Foundation is an independent, non-profit entity with no owners, dedicated to supporting the long-term development and decentralization process of the GAIB ecosystem. The total supply of GAIB tokens is 1 billion. Among them, 19.82% will be allocated to early supporters and investors (Lock-up Position for 12 months, 24 months linear unlocking), 20.7% will be allocated to core contributors (Lock-up Position for 12 months, 36 months linear unlocking), 40% will be allocated to the community (10% unlocked at TGE, with the remaining 60% linear unlocking over 60 months), and 19.48% will be used for growth and the ecosystem (10.48% unlocked at TGE, with the remaining portion linear unlocking over 60 months).

PANews, November 13 news, according to GlobeNewswire, Bitdeer (Nasdaq: BTDR) announced plans for a private sale of Convertible Senior Notes with a face value of $400 million, maturing in 2031, and will offer initial purchasers an up to $60 million additional issuance option. The company will determine the interest rate and initial conversion rate based on pricing, with the conversion consideration being cash, Class A common stock, or a combination thereof. The raised funds are intended for signing capped agreements with options trading counterparties.

Gate News Bot news, on November 13, according to CoinMarketCap data, as of the time of writing, TAKE (OVERTAKE) is currently priced at $0.33, with a rise of 27.95% in the last 24 hours, reaching a high of $0.34 and a low of $0.23. The 24-hour volume has reached $124 million. The current market capitalization is approximately $53.8 million, an increase of $11.8 million compared to yesterday. TAKE recent important news: 1️⃣ **Decentralized derivatives market sparks investment frenzy** The decentralized derivatives platform Lighter has completed a $68 million financing round, reaching a valuation of $1.5 billion, highlighting investors' optimism towards the market. This movement may stimulate investment enthusiasm for related projects such as TAKE, driving their prices up. 2️⃣ **UK regulators approve cryptocurrency

According to ChainCatcher news and Jin10 reports, the dollar exchange rate fell on Thursday as traders remained cautious about the potential weak performance of data after the U.S. government reopens. The House passed a temporary funding bill to end the government shutdown, which was signed into law by Trump, allowing official data to be released again. Kristoffer Kjaer, head of forex and interest rate strategy at Danske Bank, pointed out that before the Fed's rate decision in December, up to three employment reports and two inflation data may be released, and the dollar is expected to rebound, prompting the Fed to abandon interest rate cuts in December.

Gate News bot reports that according to Gate's announcement on November 13: Gate Yubi Treasure has added fixed-term financial products for three types of tokens: DYDX, KSM, and BABY. These financial products offer three different lock-up period options of 7 days, 14 days, and 30 days. New financial products are now available on the platform, and users can choose different lock-up periods for investment according to their needs.

According to the Gate News bot, the announcement from Simple Earn is dated November 13, 2025. Gate has announced a limited-time Boost reward event for the 0G token fixed-term investment product. During the period from November 13, 2025, 14:00 to February 28, 2026, 14:00, the current annualized return of this product can reach 278%. During the event, users who subscribe to the 0G fixed-term financial product can receive a basic annualized return and additional Boost rewards, with a total of 850,000 0G tokens to be distributed as Boost rewards. The returns will be dynamically adjusted based on the total subscription volume each day; the lower the subscription volume, the higher the actual annualized return. The basic returns and Boost rewards will be credited to users' accounts upon maturity and daily, respectively.

Recently, a trader named "Calm Order King" has not adjusted his positions for the past six days, with unrealized gains reaching up to 3.78 million USD and total Holdings of approximately 69.85 million USD. This trader has turned a principal of 3 million CNY into 30 million CNY, attracting market attention. Investors need to follow the risks in the recent crypto assets market.

Gate News Bot news, on November 13th, according to CoinMarketCap data, as of the time of writing, BABY (Babylon) is currently priced at $0.03, with a rise of 19.46% in the last 24 hours, reaching a high of $0.04 and a low of $0.02. The current market capitalization is approximately $922,000, an increase of $150,000 compared to yesterday. Important news about BABY recently: 1️⃣ **Increase in market attention** The BABY (Babylon) token has recently gained widespread attention in the cryptocurrency market, with several major cryptocurrency data platforms and analysis websites beginning to track and report its price trends. This increased exposure may have attracted more investors' attention, driving up trading volume. 2️⃣ **Price Prediction Analysis Released** Professional cryptocurrency analysis organization

Odaily News CodyDeFi posted on the X platform that the total Lock-up Position (TVL) of MEV Capital on Morpho has rapidly declined, with some pools having a TVL of only one-tenth of their peak period. MEV Capital has recently begun to conduct "bad debt liquidation" on some stablecoins and is handling it in a way that distributes the costs among depositors.

Gate News Bot message, November 13th, according to CoinMarketCap data, SKY (Sky) is currently priced at $0.06, up 12.09% in the past 24 hours, with a high of $0.06 and a low of $0.05. The 24-hour trading volume reached $75.5 million. The current market capitalization is approximately $1.345 billion, an increase of nearly $145 million compared to yesterday. Recent important news about SKY: 1️⃣ **The trend of integrating AI and blockchain drives market attention** As a project focused on the integration of AI and blockchain technology, SKY's positioning aligns closely with current mainstream technological developments. This trend is attracting attention from investors in both artificial intelligence and blockchain sectors, bringing broader market recognition and potential investment opportunities for SKY. 2️⃣ **Technical Roadmap**

Gate News Bot Message, November 13th, according to CoinMarketCap data, AB (AB) is currently trading at $0.01, up 13.46% in the past 24 hours, with a high of $0.01 and a low of $0.01. The current market capitalization is approximately $552 million, an increase of $65.5 million from yesterday.

Gate News Bot message, November 13th, according to CoinMarketCap data, as of press time, JCT (Janction) is currently priced at $0.01, up 41.55% in the past 24 hours, with a high of $0.01 and a low of $0.00. The current market capitalization is approximately $60.6 million, an increase of $1.78 million from yesterday. Recent important news about JCT: 1️⃣ **Gate Exchange Supports Increased Liquidity** Gate Exchange recently announced support for JCT trading, providing more liquidity and trading opportunities. This move significantly increased JCT's market exposure, attracted more investor attention, and became an important factor driving JCT's price fluctuations. 2️⃣ **Ecosystem Continues to Expand** The Janction project team is actively expanding

Gate News Bot message, November 13th, according to CoinMarketCap data, as of press time, PI (Pi) is currently priced at $0.23, up 1.49% in the past 24 hours, with a high of $0.24 and a low of $0.21. The current market capitalization is approximately $1.881 billion, an increase of $27.76 million from yesterday. Recent important news about PI: 1️⃣ **Testing network DeFi features continue to improve** Pi Network has launched new features on its testnet, including a decentralized exchange (DEX), automated market maker (AMM) liquidity pools, and token creation tools. Users can use Test-Pi to perform token swaps, liquidity mining, and other DeFi operations. The launch of these new features indicates that Pi Network is actively expanding its ecosystem to prepare for future mainnet DeFi applications.

Gate News Bot message, November 13th, according to CoinMarketCap data, as of press time, BEAT (Audiera) is priced at $0.36, up 127.65% in the past 24 hours, with a high of $0.44 and a low of $0.09. The 24-hour trading volume reached $1.176 billion. The current market capitalization is approximately $49.99 million, an increase of $28 million from yesterday. Recent important news about BEAT: 1️⃣ **Surge in Trading Volume Drives Price Increase** BEAT's 24-hour trading volume surpassed $1.2 billion, indicating a significant rise in market interest in the token. The notable increase in trading activity has provided strong momentum for the price to rise, with BEAT increasing by over 40% in a short period. 2️⃣ **Positive Market Expectations Favorably Impact Price Performance**

ChainCatcher reports that U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average initially rising 0.68% and reaching new highs during the session. The S&P 500 index edged up slightly, while the Nasdaq fell 0.26%. Airline stocks generally rose, with United Airlines up 5%. AMD increased by 9%, while Oracle dropped nearly 4%. The Nasdaq China Golden Dragon Index declined 1.46%, with Tencent Music down 8% and Alibaba falling nearly 2%.

Odaily Planet Daily reports that MLM posted on the X platform that about 13 hours ago, someone withdrew 3 million USDC from an exchange and distributed it across 19 wallets. Starting around 14:45 Central European Time, they began going long on POPCAT worth millions of dollars, purchasing approximately 20 million dollars worth of buy orders at a price of $0.21. The combined long positions across the 19 wallets grew to about 30 million dollars. When they removed buy orders totaling up to 8 figures, they were liquidated within seconds, with POPCAT long positions valued at 20 to 30 million dollars being wiped out, leading Hyperliquid to take over the position. POPCAT then further declined, causing Hyperliquid to incur losses of approximately 4.9 million dollars. Hyperliquid subsequently closed the position manually.