Machi loses $382K on Papertrade despite $394K staking rewards

According to market data from BIT (bit.com), the U.S. stock storage sector rose across the board, with SKHY up 6.02%, STX up 3.75%, WDC up 5.29%, SNDK up 7.15%, and MU up 4.28%.

Bitcoin infrastructure protocol Echo Protocol announced on social media that it will gradually wind down its operations due to business adjustments. The project team thanked the community, partners, and users for their long-term trust and support in the announcement, and pledged to complete subsequent liquidation work transparently and responsibly. Currently, all core businesses of Echo Protocol have stopped accepting incremental funds. Its lending protocol has halted new deposits, new borrowings, and interest accruals, while strategy and LSD businesses have also suspended new deposits and new staking. The team has opened repayment, withdrawal, and necessary asset liquidation channels, urging users to act promptly: Borrowers must repay debts, release collateral, and withdraw assets as soon as possible; strategy and LSD users should initiate exits and claims early; users holding aBTC can still redeem via the Aptos-to-B2 cross-chain bridge. To ensure orderly liquidation, the announcement specified key deadlines: All borrowers with outstanding debts must repay by November 14, 2026. Unpaid loans after this date will trigger collateral liquidation, with proceeds used to repay lenders. The final deadline for users to complete repayment, withdrawal, and unstaking is 23:59 UTC on November 19, 2026. After this date, Echo Protocol will officially cease operations, with all remaining positions entering the final liquidation and settlement process, and only the Aptos-to-B2 cross-chain bridge redemption service will remain active. Notably, as LSD and Strategy assets depend on the timing of underlying staking/unstaking requests, users' actual claim timelines will be subject to this factor.

According to HTX market data, Ethereum has fallen below $2,400 and is currently trading at $2,399.

According to HTX market data, Bitcoin has fallen below $82,000, currently trading at $81,981.

According to monitoring by Onchain Lens, a wallet linked to BlackRock’s ETF has just transferred $143.04 million in assets to Coinbase Prime, including 883.001 BTC (worth $72.64 million) and 28,957 ETH (worth $70.4 million).

The U.S. Department of Homeland Security (DHS) announced Monday that it is ordering the exclusion of information technology products and services developed by Chinese AI firm Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd. (DeepSeek) and its affiliated entities from procurement by federal civilian executive branches, and their removal from IT systems of relevant agencies. The notice adds that the order also mandates the removal of all DeepSeek and its affiliates’ products, as well as third-party products and services implemented using DeepSeek’s technology. Issued under the 2018 Federal Acquisition Supply Chain Security Act and its relevant implementing rules, the order follows a review of recommendations and supporting evidence from the Federal Acquisition Security Council.