In the past 1 hour, the entire network has seen $50.65 million in liquidations, with the majority coming from long positions.

On November 6th, according to official information, the world's largest cryptocurrency exchange, Binance, has officially become a Validator Node of the Sei Network. Sei is a high-performance Layer 1 blockchain designed for institutional-grade financial applications and is currently the fastest EVM-compatible chain. Binance's participation indicates the global leading institutions' confidence in Sei as the preferred settlement layer for institutional assets. Binance manages assets worth $180 billion for more than 200 million users, and its mature operational security system will provide enterprise-level security for the Sei consensus layer, supporting the network's development towards institutional-scale applications. In terms of technical performance, Sei has currently achieved a block confirmation speed of 400 milliseconds, supporting real-time application scenarios. The upcoming Giga upgrade will further enhance performance, aiming to achieve a throughput of 5,000 mega gas per seco

On November 7th, according to an official announcement, Bitget has launched perpetual contracts based on U, including UAI and FOLKS. The maximum leverage for both contracts is up to 50 times. At the same time, the contract trading BOT will be opened.

On November 7th, as per CoinDesk, the Japanese Financial Services Agency declared today that it will provide support for a joint issuance proof-of-concept experiment involving three major banks, namely Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank. According to the announcement by the Financial Services Agency, this proof-of-concept experiment will serve as the first supporting case of the newly established "Payment Heightsization Project (PIP)", with the aim of promoting innovation in the payment field. Institutions applying to participate in this project encompass not only the three major banks but also Mitsubishi Corporation (as a business participant company), Progmat (providing issuance infrastructure), and Mitsubishi UFJ Trust and Banking Corporation (expected to be responsible for the trust function).

November 7th. According to the Financial Times, several Wall Street banks have issued warnings. They state that the pressure in the U.S. money market may once again surge, which could prompt the Federal Reserve to take more prompt actions to restrain a new round of short-term rate hikes. This week, short-term funding rates have stabilized after signs of stress emerged in key parts of the financial system last month, causing concerns among some bankers and policymakers. However, market participants still have worries about the risk of overnight repo rate spikes in the coming weeks. Deirdre Dunn, the Head of Rates at Citibank on Wall Street and the Chair of the Treasury Borrowing Advisory Committee, said, "I don't think this is just a temporary anomaly that will last for a few days." Scott Skyrm, the Executive Vice President at the repo market specialist firm Curvature Securities, added that although the market has "returned to normal" to a certain extent because banks have used

On November 7th, as per official information, Beep, the first smart wallet and financial protocol within the Sui ecosystem, has commenced public testing. Beep offers the first native smart and stablecoin payment platform where AI smart agents can create, authorize, and settle payments globally at lightning-fast millisecond speeds without any cost. Developers will promptly gain access to six major top-tier basic AI models, such as Gemini, GPT-5, Claude, Grok, Qwen, and DeepSeek. This grants them access to features like smart payments, a smart Treasury (a first in the Sui ecosystem), and the a402 protocol. Users can experience Beep's conversational user interface, have the ability to execute transactions using different models simultaneously, optimize Treasury yields, or carry out cross-border payments, all of which are settled instantly in USDC with zero fees. As the first smart wallet on Sui, Beep closely integrates the world's most powerful basic models with the world's fastest and