Jupiter community has overwhelmingly passed the "Burning the Litterbox" governance proposal, deciding to destroy approximately 130 million JUP tokens currently held in the "Litterbox Trust" (about 4% of the circulating supply).

Glassnode said: "In the Bitcoin perpetual contract, the funding costs paid by the long side have decreased by about 62% per month, from $338 million per month in mid-August to the current $127 million per month. This highlights a clear macro downward trend in speculative demand, as traders are increasingly unwilling to pay interest to maintain long positions."

spot gold touched down to $3960 per ounce, falling over 1% intraday.

 U.S. stock market opened with the Dow down 0.68%, the S&P 500 down 1.12%, and the Nasdaq down 1.58%. Tesla (TSLA.O) fell by about 3%, the Norwegian Sovereign Wealth Fund decided to veto Musk's trillion-dollar compensation plan. Cryptocurrency concept stocks fell across the board, with Riot Platforms (RIOT.O) and Robinhood (HOOD.O) falling by about 5%, and Coinbase (COIN.O) falling by over 4%.

according to official sources, TAO Treasury Company TAO Synergies Inc. (NASDAQ code: TAOX) announced that it has made an initial investment of $750,000 to the Bittensor Subnet Fund under Yuma Asset Management, thereby enhancing the company's investment in the Bittensor ecosystem subnet field.

according to the official announcement, the stablecoin public chain Stable has announced the launch of the public test network. Currently, Stable's public test network provides developers with: public RPC endpoints for interacting with the network; faucets for requesting test USDT for trading; block explorers for viewing contracts and on-chain activities; and system modules that support native USDT transfers and fee settlements.

 market shows BTC falling below $103,000, now trading at $102,991.01, a 24-hour decline of 4.2%. The market is fluctuating greatly, please manage risk control.

 market shows SOL falling below $160, now trading at $159.97, a 24-hour drop of 8.69%. The market is fluctuating greatly, please be prepared for risk control.

Sui Ecological Lending Agreement Suilend stated in a post on X platform that it is closely monitoring the issue of huge losses in Stream Finance. It is reported that the largest single risk exposure of its $93 million loss belongs to Elixir's deUSD. The agreement lent $68 million USDC to Stream, accounting for about 65% of the total reserve of deUSD.

 market shows that ICP broke through $5.7 in a short time, now priced at $5.709, with a 24-hour increase of over 48%. The market fluctuates greatly, please be prepared for risk control.

On November 4th, according to Globenewswire, digital asset finance company Propanc Biopharma (NASDAQ stock code: PPCB) announced a strategic plan to acquire a digital asset management (DAT) company whose market value-to-net asset value (MNAV) is lower than its trading value. The company's management believes that acquiring undervalued digital asset technology (DAT) companies is an excellent opportunity to strengthen Propanc's balance sheet, achieve asset diversification, and create long-term shareholder value. These DAT companies typically hold a large amount of mainstream digital assets such as Bitcoin and Ethereum on their balance sheets. Propanc's board of directors and executive team are currently evaluating potential acquisition targets and developing a due diligence framework to assess balance sheet strength, digital asset holdings, and operational synergies.

according to WhaleAlert monitoring, 49,999 ETH was transferred from Binance exchange to an unknown wallet address, worth approximately $175,445,747.

according to on-chain analyst Ember (@EmberCN), a whale/institution that previously made a profit of 23.31 million US dollars by borrowing and shorting 66,000 ETH transferred 91.2 million USDC to Binance an hour and a half ago, and then withdrew 110,000 ETH (worth 386 million US dollars) from Binance.

 US Dollar Index (DXY) has risen to a 3-month high, now standing at 100.174.

 famous trader and chart analyst Peter Brandt predicts that Bitcoin may fall to $60,000 based on the power law model chart from the technical analysis company JDK Analysis.

economist Peter Schiff questioned President Trump's statement on inflation policy on social media. Peter Schiff pointed out that Trump claimed to have reduced the inflation rate to below 2% and stated that he had eliminated inflation, while also claiming to have inherited the worst inflation in American history from the Biden administration. However, Peter Schiff believes that the inflation problem has not been solved, and he expects the average annual inflation rate during Trump's term to exceed the average level during Biden's term.

 stablecoin payment infrastructure platform Zynk has completed a $5 million seed round of financing, led by Hivemind Capital, with participation from institutions such as Coinbase Ventures. Zynk stated that it will use the new funds to expand its payment channels, enhance liquidity and compliance infrastructure, and establish partnerships with major payment service providers.

Bloomberg ETF analyst Eric Balchunas wrote that the growth of Bitcoin ETFs will go through a two steps forward, one step back process, and is currently in the step back stage. This pattern can be seen from the flow of funds in IBIT. In my opinion, this is part of the development process. Only children expect to rise every day.

according to the US-listed Ethereum Treasury company SharpLink, the company received 459 ETH rewards through staking last week. Since launching the staking strategy on June 2, 2025, SharpLink has received a total of 6,575 ETH staking rewards. The company stated that 100% of the ETH assets held by SharpLink are staked to institutional standards, continuously creating compound value for shareholders.

He Yi stated in an article on X, "Give peaches and receive plums in return. Giggle Academy has gone from completely ignoring, to receiving continuous donations of community transaction fees, to Binance deciding to donate long-term transaction fee support to Giggle tokens, to today's donation and destruction, which means Giggle will enter a deflationary mode. This is a journey from one-way community giving to two-way charity. On the road of public chain development, no one knows what the standard answer is, memes without a business model and value support cannot go far, VC coins with large financing may not have a broad vision, and no one knows what the standard answer is. Pessimists are correct, optimists succeed."