November 18th, Yala's official statement on the anchor release of its stablecoin YU and liquidity crisis.· On September 14, 2025, Yala suffered a hack, losing $7.64 million USDC (equivalent to about 1636 ETH at the time). Although this incident caused YU to temporarily unpeg, there were no vulnerabilities in the core protocol. The team injected $5.5 million of funds to maintain stability. Subsequently, YU reanchored, and the protocol resumed normal operation.· On October 29, 2025, the Bangkok law enforcement agency arrested the hacker, and most of the affected funds were recovered from the hacker. The case is currently in the judicial review stage. However, due to some funds being converted to ETH before recovery, the subsequent price drop and the funds consumed by the attacker have led to a reduction in the actual recovery value.· A recent retail exodus from the DeFi market has triggered further panic, putting additional pressure on an already illiquid market. Euler has also been affected. The previously used positions and liquidity to stabilize YU are currently restricted.· Yala did not integrate with the Kamino lending product, and the AyCJ initial wallet is not owned by the Yala team or related members.· The team is assessing the scale of funding required for stabilization in the market and is working with law enforcement agencies and funding partners to advance financing. Given the current liquidity squeeze of multiple protocols and assets, this process will take time. The team commits to announcing a specific plan by December 15, 2025, including the fund recovery path and subsequent operational measures.

November 18th, mainstream crypto treasury (DAT) company mNAV all fell below 1, including:Strategy (MSTR) has an mNAV (Enterprise Value to Bitcoin Holdings Value ratio) currently at 0.937. Strategy's market value has fallen to $56 billion, with its current holdings of 649,870 BTC valued at $59.9 billion.Metaplanet's mNAV is currently at 0.912. Metaplanet's market value has fallen to $2.61 billion, with its current holdings of 30,823 BTC valued at $2.84 billion.Bitmine (BMNR) ranks first in Ethereum institutional holdings, currently holding about 3.51 million ETH valued at approximately $10.63 billion. Its market value has fallen to $8.81 billion, and mNAV is currently at 0.83.SharpLink (SBET) ranks second in Ethereum institutional holdings, currently holding 860,000 ETH valued at approximately $2.61 billion, with a market value of $2.02 billion. mNAV is currently at 0.84.

November 18th, according to Onchain Lens monitoring, in the past 24 hours, a whale has spent 31.16 million USDT to purchase 10,275 ETH at an average price of 3,032 USD.Since November 12th, the whale has spent a total of 41.89 million USDT to purchase 13,612 ETH at an average price of 3,077 USD.

November 18, according to HyperInsight monitoring, as the market continued to fall, the "buddy" ETH 25x leveraged long position has experienced multiple liquidations. The cumulative loss has now exceeded $19.35 million. Currently holding 368.88 ETH in a long position, valued at $1.11 million, with a liquidation price of $2963.3.

November 18th, according to The Block, Ethereum founder Vitalik showcased the privacy-enhancing encryption tool "Kohaku" at Devcon, aiming to enhance the privacy and security of the Ethereum ecosystem.Kohaku is an open-source initiative designed to enhance on-chain privacy and security. It provides a modular framework consisting of foundational components, allowing developers to build more secure, privacy-focused wallets without relying on centralized third parties. In the future, it may also incorporate additions such as a mixnet and other network-level anonymity tools, as well as a Zero-Knowledge (ZK) technology-driven browser.At the Ethereum Cypherpunk Gathering, Vitalik emphasized that Ethereum is on a "privacy upgrade path," aiming to provide "privacy and security that is truly suitable for the real world."

November 18, according to an official announcement, Coinbase will list Superfluid (SUP) spot trading on November 17 and will list Toncoin (TON) spot trading on November 18.

November 18th — Federal Reserve Governor Waller stated that he supports another rate cut at the December meeting as he is increasingly concerned about the sharp slowdown in the labor market and employment. Waller said, "I'm not worried about accelerating inflation or a significant increase in inflation expectations. My focus is on the labor market, which, after several months of weakness, is unlikely to be changed by this week's September employment report or any other data in the coming weeks. It is necessary to cut interest rates again." Waller specifically noted that he tends to cut rates by 25 basis points once again.Waller said, "I am concerned that restrictive monetary policy is putting pressure on the economy, especially its impact on low- and middle-income consumers. The December rate cut will provide additional insurance against the labor market accelerating weakening and move policy towards a more neutral direction." At the same time, he stated that price data indicates that tariffs will not have a long-term impact on inflation. Another rate cut would be a risk management practice. (FXStreet)

November 18th, in an article by the "Fed Heard" Nick Timiraos, it was pointed out that Federal Reserve officials are facing a challenge in how to resolve rate disagreements. He listed the two camps within the Federal Reserve, with one camp being more concerned about inflation, a group that has recently grown in size, including four regional Fed presidents with voting rights this year and Fed Governor Brainard.The other camp of officials is more concerned about the labor market, including all three Fed governors appointed by Trump, who fear that their colleagues may overemphasize the danger of sustained high inflation, leading to unnecessary recession risks, and they believe high inflation is still far away. Nick stated that in any case, the December meeting may have at least three dissenters, with the three Trump-appointed officials opposing keeping rates unchanged; and if the Fed cuts rates by 25 basis points, the dissenting votes will also reach at least three. (Golden Finance)

November 18th, according to Coinglass data, in the past 24 hours, the total amount liquidated across the entire network was 800 million USD, with long liquidations totaling 467 million USD and short liquidations totaling 333 million USD.The number of liquidated accounts exceeded 154,000. The largest single liquidation occurred on Hyperliquid - BTC-USD, amounting to 96.5116 million USD.

November 18, according to HTX market data, Bitcoin dropped below $92,000, with a 24-hour decrease of 2.55%. Ethereum briefly fell below $3,000, with a 24-hour decrease of 2.49%.

November 18, according to Onchain Lens monitoring, 3 hours ago, the Forward Industries address deposited 1,443,507 SOL into Coinbase Prime, worth $201.34 million, and it is not yet certain whether it was a sell-off.It is reported that Forward Industries (Nasdaq code: FWDI, formerly FORD) is currently the world's largest SOL (Solana native token) treasury company. According to its latest treasury update on November 15, 2025, the company holds approximately 6.91 million SOL, accounting for over 1.25% of Solana's total circulation, far exceeding other publicly traded Solana treasury companies such as Upexi (about 2 million SOL) and DeFi Development Corp. (about 1 million SOL).

November 18th, according to Decrypt's report, the Trump administration recently promoted a regulatory proposal aimed at authorizing the IRS to obtain key information on US citizens' overseas cryptocurrency accounts and implement taxation. According to a government website notification, the Treasury Department's cooperative proposal for the US to join the international cryptocurrency tax reporting framework was submitted to the White House last Friday, and the President's advisory team will review it.Earlier this year, the White House urged the Treasury Department and the IRS to develop relevant rules to advance the US's participation in the "Cryptocurrency Asset Reporting Framework" established by the OECD in 2022. This multilateral agreement requires member countries to automatically share citizens' cryptocurrency asset information to combat cross-border tax evasion. Currently, within the G7, hubs for cryptocurrency such as Japan, Germany, France, Canada, Italy, the UK, the UAE, Singapore, the Bahamas, have all signed.In a cryptocurrency policy report released this summer, Trump's cryptocurrency advisory team proposed that the US join this framework. The White House stated at the time: "Implementing CARF will prevent taxpayers from transferring digital assets to overseas trading platforms, promote US digital asset growth applications, and avoid putting the US at a competitive disadvantage due to a lack of reporting mechanisms." The report requested the Treasury Department and the IRS to study specific implementation plans, but emphasized that "no new reporting requirements should be set for DeFi transactions."According to the plan, the global deployment of CARF is scheduled to officially begin in 2027.

November 18th, according to The Block, TD Cowen investment bank analyst pointed out that as the federal government resumes operations, the U.S. Securities and Exchange Commission (SEC) will face a crucial period in the next 12 months as the agency is working on formulating regulatory rules for the cryptocurrency industry.The TD Cowen Washington research team led by Jaret Seiberg stated in a report that following the longest government shutdown, the market's focus has shifted to SEC Chairman Paul Atkins's policy agenda. "After the government restart, the SEC will face the most important 12 months of Atkins's chairmanship, and his agenda of regulatory relaxation will enter a substantive stage," Seiberg said on Monday.Since the new Trump administration took office this year, the SEC has taken several actions to clarify its stance on crypto regulation, including issuing custody guidelines, holding roundtable discussions, and launching a rule modernization initiative called the "Crypto Plan." Last week, Atkins also announced a token classification scheme aimed at defining under what circumstances digital assets should be classified as securities."The SEC needs to start issuing proposals in the coming months to complete rulemaking by 2027," Seiberg noted that the agency takes up to two years from proposal to finalization, "this will leave room for judicial challenges to ensure that the new rules are implemented by the end of 2028."Seiberg mentioned that Atkins is also focused on issues outside of the crypto realm such as semi-annual reporting and retail investor participation in alternative investments. In the crypto space, it is expected that Atkins will focus on tokenized equity assets. With crypto companies rushing to launch blockchain equity tokens, these tokenized securities may directly compete with traditional brokerage businesses."We expect SEC Chairman Atkins to provide waivers and relief to online brokers and crypto platforms to pave the way for their tokenized equity business," Seiberg said.

November 18th, according to Coinglass data, if Bitcoin falls to $92,000, the cumulative long liquidation strength of major CEXs will reach $848 million.Conversely, if Bitcoin breaks through $95,000, the cumulative short liquidation strength of major CEXs will reach $491 million.BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually show the relative importance of each liquidation cluster to adjacent liquidation clusters, i.e., strength.Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price, when reached, will generate a more intense reaction due to a liquidity cascade.

November 18th, Sharps Technology released its quarterly financial report for the first time after adopting a Solana-centric digital asset reserve strategy. The data shows that its core medical device business revenue is minimal, while the company holds close to 2 million SOL tokens. The Nasdaq-listed company disclosed in regulatory filings that, as of September 30th, the fair value of its digital asset portfolio was $404 million, but this data reflects the end-of-quarter price level. However, based on the current price of SOL at around $138, the company's holdings are now significantly devalued to $275 million.Furthermore, the company's quarterly product revenue was only $83,622, while product costs exceeded $1.2 million, leading to a significant loss in the manufacturing business. Sales and administrative expenses surged to $110.7 million, driving the quarterly net loss to nearly $103 million. Fueled by the cryptocurrency holdings, total assets surged from $7.3 million at the end of last year to $444 million. The financial report also shows that the company recognized a $15.5 million unrealized gain on digital assets during the period and listed $7.6 million in margin loans and various warrant liabilities related to August financing.In late August, Sharps announced the initiation of a Solana asset reserve strategy through over $400 million in private placement financing, supported by institutions such as ParaFi Capital and Pantera Capital. In early October, it proposed a $100 million stock repurchase plan, but the latest filings did not disclose the progress of this plan. Market response remains consistently poor. The company's stock price hit a historic low this week, declining for several consecutive months since reaching a high of $16 at the end of August. According to Google Finance data, the stock price had fallen below $2.90 on Monday morning, with a market value significantly lower than the current implied value of its Solana holdings.

November 18th, according to HTX market data, Ethereum fell below $3,100, now priced at $3,094.

November 18th, according to on-chain data analyst Yu Jin, BitMine increased its ETH holdings by 54,000 ETH (approximately $180 million) last week. Its total ETH holdings have now reached 3.56 million ETH (approximately $11.27 billion), approaching 3% of the total ETH supply. Currently, its average ETH holding cost is $4,009, with an unrealized loss of $2.98 billion (-21%).

November 17th, according to market data, after DappRadar platform announced its imminent shutdown, the RADAR token initially surged by about 18%, then plummeted by about 40%. Currently, the price is down by approximately 30% from before the announcement, now trading at $0.0007836, with a market cap of only $1.2259 million and a fully diluted valuation of $8.03 million.BlockBeats previously reported that the well-known crypto data website DappRadar announced its upcoming shutdown due to financial difficulties. Further details regarding the DAO and RADAR token will be communicated through regular DAO channels.

November 17th. The well-known crypto data website DappRadar posted on social media, saying "Seven years later, it's time to say goodbye," announcing the platform's closure:"We have made the difficult decision to close the DappRadar platform. In the current environment, operating a project of this scale has become increasingly challenging from a financial sustainability perspective. After exhausting all possibilities, we have had to make this tough choice.When we started in 2018, the space was still in its infancy. Early decentralized applications were few, explorers were scarce, and many questions about the future of decentralized applications remained unanswered. Inspired by Cryptokitties, we created DappRadar with the hope of helping people explore and understand this new world.We have weathered the ups and downs of the market cycle together. We are proud to have helped millions of users discover decentralized applications, conduct research, and continue learning through our content. We have collaborated with hundreds of blockchain projects, thousands of developers, and teams. Our data has been referenced by journalists, appeared in research papers, and spread globally in various languages.The blockchain space is often chaotic, and our mission was to make it more comprehensible and trustworthy. As we turn to leave, we are confident that we have held onto the right path, adhered to our principles, and injected positive energy into the industry.In the coming days, we will start the platform's winding-down process, including ceasing to track blockchain and decentralized application data and gradually shutting down related services. Regarding DAO and RADAR token matters, further updates will be communicated through regular DAO channels. There are still important decisions to be made, and we look forward to community participation in discussions. The mission of helping people explore and understand decentralized applications should not end here. As a guiding light for the exploration that the Web3 space still needs, we hope someone will pick up the torch and continue moving forward."

November 17th, according to HTX market data, Bitcoin fell below $94,000, erasing all its earlier gains after the U.S. stock market opened, now trading at $93,865.Earlier, Bitcoin surged 2% within 5 minutes after the U.S. stock market opened, briefly breaking above $96,000.