If Ethereum falls below $3,300, the mainstream CEX long liquidation pressure will reach $595 million.

On November 9th, according to Hong Kong media reports, the police are conducting an investigation into the cryptocurrency exchange JPEX in connection with an alleged fraud case. As of now, 16 people have been prosecuted, with one person having been brought before the court earlier. The remaining 15 individuals are charged with conspiracy to commit fraud, money laundering, obstructing justice, and the offense of "fraudulently inducing others to invest in virtual assets" under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. Yesterday afternoon, multiple cases were presented in the Eastern District Court, and the 15 defendants were temporarily excused from entering a plea. The prosecution applied to transfer the cases of the first group of 8 defendants to the High Court for trial and postponed the hearing to December 15th. Among the first group of 8 defendants, except for the bail application of former artist Zheng Junxi being rejected by the court and requiring cont

On November 9th, Xinhua News Agency reported that former U.S. President Biden criticized his successor Trump. He said that the current president not only demolished the East Wing of the White House but also destroyed the American "democratic" system. CNN quoted Biden's speech at a Nebraska Democratic Party event in Omaha on the 7th, stating: "I knew Trump would bring a wrecking ball to our country. But I have to admit that I didn't know there would be an actual wrecking ball." The 82-year-old former Democratic president was referring to Trump's demolition of part of the White House and his plans to transform it into a banquet hall. Trump previously stated that his banquet hall plan "will not impact the existing building." Biden said: "This is a perfect symbol of his presidency. Trump not only destroyed the White House and the Constitution but also decimated the rule of law and our democratic system." (FX168)

On November 9th, the Ministry of Technology of Sierra Leone officially entered into a Memorandum of Understanding with Sign. This jointly initiated a new era in the development of the country's blockchain infrastructure. The initial stage of the cooperation will center around establishing a digital identity system and a local stablecoin payment system. The aim is to provide secure, transparent, and inclusive digital services to all citizens at an extremely low cost and to propel the country towards leapfrog development. During this visit, the Sign team also had meetings with the Minister of Finance of Sierra Leone, the Governor of the Central Bank, the CEO of eGov App, and a representative from the Christex Foundation to reach a consensus on the technical roadmap, policy coordination, and implementation plan. This collaboration represents a significant milestone in Sierra Leone's digital economic transformation and showcases Sign's leading status in promoting "national-level blockcha

On November 9th, based on the data from the Polymarket platform, the prediction market volume for today's League of Legends World Championship "T1 vs KT" has exceeded $5.4 million and reached $5.45 million. Currently, T1 has a 64% winning rate, while KT has a 36% winning rate.

On November 9th, the convicted Russian crypto scammer Roman Novak and his wife Anna were kidnapped and murdered in the UAE. This incident, which was related to a ransom and a conspiracy involving digital assets, ultimately ended in a tragic manner. Roman Novak was well-known in St. Petersburg for his participation in multiple cryptocurrency projects that defrauded investors of millions of dollars. In 2020, he was sentenced to 6 years in prison for large-scale fraud. After serving his sentence, he moved to Dubai, where he established the crypto app Fintopio and reportedly raised hundreds of millions of dollars again from new investors. In early October, Roman and his wife went to what seemed to be a promising investor meeting near the UAE-Oman border in Hatta. However, they mysteriously vanished after changing vehicles and leaving their driver behind. As several days passed without any news, Roman's family became alarmed. Russian and UAE authorities promptly launched a joint investiga