PANews, November 8th - Over the past week, market risk appetite has cooled significantly due to the ongoing US government shutdown, a private sector jobs report indicating a cooling labor market, and signs of a cracking AI valuation bubble. In the coming week, the market will continue to focus on developments related to the US government shutdown and the prospect of further interest rate cuts by the Federal Reserve. The continued government shutdown may mean that more economic data will be delayed. The following are key points the market will focus on in the coming week: At 22:20 on Wednesday, Williams, a permanent voting member of the FOMC and president of the New York Federal Reserve, will deliver a speech; At 23:00 on Wednesday, Paulson, a 2026 FOMC voting member and president of the Philadelphia Federal Reserve, will speak on financial technology. At 1:15 AM on Thursday, Atlanta Fed President Bostic, a 2027 FOMC voting member, will deliver a speech. To be determined on Thursday are the US October unadjusted CPI and core CPI year-on-year rates, seasonally adjusted CPI and core CPI month-on-month rates, and the number of initial jobless claims in the US for the week ending November 8. At 1:15 a.m. on Friday, St. Louis Fed President Musaleem, a 2025 FOMC voting member, will speak on monetary policy. At 1:20 p.m. on Friday, Cleveland Fed President Hammark, a 2026 FOMC voting member, will participate in a fireside chat. At 22:20 on Friday, Atlanta Fed President Bostic, a 2027 FOMC voting member, will deliver a speech. At 23:05 on Friday, Schmid, a 2025 FOMC voting member and president of the Kansas City Federal Reserve, will speak on the economic outlook and monetary policy.

PANews reported on November 8th that Binance Alpha plans to list MetaArena (TIMI) on November 9th. 符合资格的用户可在交易开放后，前往Alpha Events 页面使用币安Alpha 积分领取空投。更多详情即将公布。

According to official sources, Binance Alpha will become the first platform to feature MetaArena (TIMI) on November 9th, according to Odaily Planet Daily.

Once trading is open, eligible users can claim the airdrop using Binance Alpha Points on the Alpha Events page. More details will be released soon.

Please continue to follow Binance's official channels for the latest updates.

PANews reported on November 8 that, according to on-chain data monitoring, the "Holding Whale (formerly the 100% Win Rate Whale)" opened a 40x Bitcoin long position with a liquidation price of $91,612.7 and currently holds 20.06421 BTC, currently in a floating profit state.

PANews reported on November 8 that, according to Onchain Lens, a newly created wallet deposited 6.27 million USDC into HyperLiquid to open a long position in ZEC at an opening price of $504.

PANews reported on November 8th that Liquid Capital founder Yi Lihua posted on the X platform, stating: "Investing and trading are actually the most difficult psychological games. Nothing is certain; everything is ambiguous. It can change direction at any time, and it never truly ends. It's a bit like poker—the game never really ends except for the hand itself, and no one can win all the time. Moreover, there is no absolute meaning unless you actively end the game. In the investment and trading market, our job is to react promptly to what happens every moment. For example, our bottom-selling, bottom-buying again, and so on, are all decisions made in response to market changes."

PANews reported on November 8 that lending protocol Euler stated on its X platform that the markets managed by Euler DAO do not involve Stream exposure, are completely isolated, and continue to operate normally. Euler is currently providing technical support and guidance to curators of affected libraries.

Odaily Planet Daily reports that Liquid Capital founder Yi Lihua stated in an article on the X platform: "Investing and trading are actually the most difficult psychological games. Nothing is certain; everything is ambiguous. It can change direction at any time, and it never truly ends. It's a bit like poker—the game never really ends except for the hand itself, and no one can win all the time. Moreover, there is no absolute meaning unless you actively end the game. In the investment and trading market, our job is to react promptly to what happens every moment. For example, our bottom-selling, bottom-buying again, and so on are all decisions made in response to market changes."

PANews reported on November 8 that the KYC link for the second phase of the Stable Pre-deposit Vault is expected to be released before 11:59 PM UTC on November 8 (7:59 AM Beijing time on November 9). After the link is released, users will have 72 hours to complete the KYC verification.

According to Odaily Planet Daily, as monitored by MLM, the Hyperliquid team is testing a protocol called BLP on the Hypercore testnet. This protocol may be a native lending market with functions such as lending, supply, and withdrawal. Currently, the market only supports USDC and PURR on the testnet.

According to Odaily Planet Daily, Hourglass posted on the X platform that the KYC link for the second phase of the Stable Pre-deposit Vault is expected to be released before 11:59 PM UTC on November 8 (7:59 AM Beijing time on November 9). After the link is released, users will have 72 hours to complete the KYC verification.

PANews reported on November 8th that, according to an article posted by MLM on the X platform, the Hyperliquid team is currently testing a protocol called BLP on the Hypercore testnet. It's speculated that BLP stands for BorrowLendingProtocol, seemingly a native lending market on Hypercore, with functions for lending, providing, and withdrawing. Currently, this market on the testnet only offers USDC and PURR cryptocurrencies. Perhaps they will introduce an underlying lending layer to securely implement multi-margin trading. However, this is currently uncertain and remains speculation.

PANews reported on November 8th that Federal Reserve Governor Milan stated at an event this week that the continued growth of stablecoins could significantly lower the "neutral interest rate" in the future. This change implies that the Fed's policy rate should also be lowered accordingly, otherwise it will put contractionary pressure on the economy. Milan stated that even according to a "relatively conservative" forecast, the expansion of stablecoins will increase the net supply of loanable funds in the economy, thereby putting downward pressure on the neutral interest rate. He pointed out: "If the neutral interest rate falls, the policy rate should also be lowered in tandem to maintain a healthy economy. If the central bank refuses to cut rates after the neutral interest rate has fallen, it is a contractionary act."

PANews reported on November 8 that, according to Alternative data, the cryptocurrency fear and greed index fell to 20 today (from 24 yesterday), indicating that market sentiment remains in a state of "extreme fear," marking its lowest level in the past seven months. Note: The fear index ranges from 0 to 100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media buzz (15%) + market surveys (15%) + Bitcoin's share of the overall market (10%) + Google trending topics (10%).

PANews reported on November 8th, citing Sina Finance, that Ren Deqi, Chairman of Bank of Communications, stated that Bank of Communications is deeply involved in the construction of the Shanghai Shipping and Trade Digital Platform. Firstly, it promotes cross-industry integration, providing e-commerce companies with safer, more efficient, and convenient "one-stop" financial services such as cross-border settlement, financing, and foreign exchange risk management, tailored to the needs of shipping and trade clients. Secondly, it promotes digital empowerment, utilizing blockchain and artificial intelligence technologies to achieve instant cross-border remittances, effectively addressing the difficulties and high costs of financing for small and micro enterprises. Thirdly, it promotes ecosystem co-construction, forming an efficient and collaborative ecosystem support system.

PANews reported on November 8 that, according to Onchain Lens, a whale withdrew 20 million POL tokens from Binance in the past 3 hours, worth $3.62 million.

According to Lookonchain, Odaily Planet Daily reports that Bitcoin OG Owen Gunden transferred 3600.55 BTC today, worth $372 million. Of this, 500 BTC (worth $51.68 million) have been deposited into Kraken, and the remaining 3100.55 BTC (worth $320 million) may be transferred in the coming days.

Odaily Planet Daily reports that Monad founder Keone Hon stated in a post on the X platform that locked MONAD tokens cannot be staked. This move aims to address widespread concerns in the crypto community about insiders profiting by staking locked tokens and to set a new standard for the industry. The Monad network will launch with 200 globally distributed validator nodes running on consumer-grade hardware.

According to Odaily Planet Daily, OKX market data shows that BNB has broken through 1000 USDT and is currently trading at 999 USDT, with a 24-hour increase of 4.24%.

PANews reported on November 8th that Stables Labs stated on its X platform that due to recent market liquidity conditions and liquidation dynamics, the market price of USDX has deviated from its reference value. USDX's stabilization mechanism is supported by collateralized positions and hedging strategies; however, adjustments to these mechanisms may lag under extreme market conditions. A recovery path based on a $1 value will be provided to affected holders. This arrangement is voluntary and does not constitute any form of guarantee, redemption obligation, deposit-taking, or pooled investment product. To ensure transparency and verifiability, the balances of affected holders in the application registration window will be determined through on-chain snapshots. The phased recovery progress will be publicly and verifiably disclosed.