Cardano Foundation spins off digital identity project Veridian into an independent company

According to market data from BIT (bit.com), losses in the US storage sector have widened. The specific declines are as follows: Seagate Technology (STX) fell 2.35%; Western Digital (WDC) dropped 1.30%; SanDisk (SNDK) declined 3.40%; Micron Technology (MU) fell 2.18%; and SK Hynix ADR (SKHY) dropped 4.01%.

Netflix has released the first trailer for "The Altruists," its upcoming series centered on FTX founder Sam Bankman-Fried (SBF). Inspired by the rise and fall of SBF and former Alameda Research CEO Caroline Ellison, the 8-episode series will premiere on November 19. Anthony Boyle will portray SBF, while Julia Garner plays Caroline Ellison. Netflix’s synopsis describes the show as the story of two young idealists who set out to rapidly reshape the global financial system, only to be accused of stealing $8 billion and ultimately fall from the heights of financial power. Created by Graham Moore, "The Altruists" draws inspiration from articles by New York Magazine journalists Kevin T. Dugan and Jen Wieczner. Barack Obama and Michelle Obama serve as executive producers on the project.

According to TradingBeats monitoring, as Ethereum (ETH) continues its downward trend, "Big Brother Ma Ji" (real name Huang Licheng) has been liquidating his long ETH positions worth around $92.88 million, cutting his position to just $20 million. The entry price of his remaining positions is $2,626.94, liquidation price is $2,404.85, and ETH is currently trading at approximately $2,432. The net asset value of "Big Brother Ma Ji"'s account is now $640,000, all used as margin for his long ETH positions, with a loss of $7.45 million over the past seven days.

According to Coinglass data, as Bitcoin has continued its downward trend to fall below $81,000 and Ethereum has dropped below $2,500, funding rates on major centralized (CEX) and decentralized (DEX) crypto exchanges signal the market has turned bearish again. Specific funding rates are detailed in the attached chart. BlockBeats Note: The funding rate is a mechanism set by cryptocurrency trading platforms to align contract prices with underlying asset values, primarily applicable to perpetual contracts. It acts as a fund transfer between long and short traders—trading platforms do not collect this fee. The rate adjusts the cost or profit of holding contracts, ensuring contract prices stay closely tied to underlying asset prices. A 0.01% funding rate is the benchmark. A rate above 0.01% signals broad market bullishness, while a rate below 0.005% indicates widespread bearish sentiment.

Polkadot officials announced that its stablecoin dotUSD has officially launched on the Polkadot network. dotUSD has no single issuer or single point of control risk, is fully governed collectively by the DOT DAO through the decentralized OpenGov mechanism, and serves as the native decentralized stablecoin of the Polkadot network.

According to HTX market data, Bitcoin has continued its downward trend, falling below $81,000, with a 2.6% drop in the past 24 hours.