A trader holds three short positions, with an unrealized profit of approximately $1.34 million.

Insight Beating AI Flash News: Grok Bot announced on its official account that it has reset the weekly usage quota for all users. The move follows a wave of user complaints over abnormal quota consumption and degraded performance in the past week. Earlier, numerous paid users reported their weekly quota was being depleted far faster, with some showing double usage even without running any tasks. Musk had responded at the time that the cost of running Grok Bot had become unsustainably high relative to revenue. Users then further griped that the product had grown "dumber": tasks that previously completed normally now frequently failed and required repeated retries, further speeding up quota consumption. On November 9, Musk said he had just conducted a concentrated review with the engineering team and was pushing fixes overnight, focusing on boosting token efficiency and task execution performance, with noticeable improvements expected the next day.

According to TASS, citing sources, a new round of Russia-US-Ukraine trilateral talks will commence in Abu Dhabi, United Arab Emirates, at 11:50 local time on November 10 (15:50 Beijing time).

CertiK’s research team says crypto trading platforms should not rely solely on cold wallet asset ratios to measure security, but also set clear dollar-based position caps for hot wallets. The recommendation comes amid a wave of crypto platforms disclosing cold wallet reserve ratios to boost user confidence, following Binance’s hot wallet hack. Gate.io disclosed that 88.26% of its total assets are held in cold wallets, while Coinbase said over 99% of customer assets are offline. CertiK’s team notes that cold storage ratios reflect the online exposure of assets but cannot serve as a standalone security metric. Increasing the cold wallet ratio generally helps reduce online risks, but when the ratio is already high, the marginal benefits of further increases may be limited. Overly rigid storage ratios can also slow down withdrawals, force platforms to rush asset transfers, and concentrate risks on key management systems. CertiK recommends that trading platforms set hot wallet caps separately for different assets and blockchains, taking into account three criteria: a percentage of customer liabilities, estimated withdrawal demand, and an absolute loss cap based on the platform’s financial resources and asset recovery capacity. The firm argues that while ensuring operational liquidity, potential losses should be limited via strict dollar caps and circuit breaker mechanisms.

According to monitoring by Onchain Lens, a wallet withdrew roughly 220 ETH (valued at approximately $466,600) from Tornado Cash, swapped the ETH for USDT via CowSwap, bridged the funds to Tron, and then distributed the USDT to multiple addresses using TronLink’s GasFree wallet, with the latest transfer amounting to 450,000 USDT.

According to TradingBeats monitoring, cross-market trader TwoEyes (X handle: two_gifts_) invested approximately $7,594 in the early hours of today to buy the "Yes" prediction for "the U.S. announcing the end of its blockade on Iran by the end of November". The average execution price corresponds to an implied probability of around 21.8%. Currently, the market probability for this outcome has dropped to 17.5%, and the position is valued at roughly $6,088, with an unrealized loss of about $1,506. The same account also allocated around $1,964 to purchase the "Yes" prediction for "Russia and Ukraine reaching a ceasefire agreement by the end of the year". On Hyperliquid, TwoEyes’ current main long positions are concentrated in gold and BTC, with a combined notional value of approximately $10.749 million: - Gold: Long position worth about $6.3163 million, average entry price of $4,013.41, unrealized profit of roughly $157,400. - BTC: Long position worth around $4.4326 million, average entry price of $74,298.2, unrealized profit of about $26,800. During today’s position adjustments, the account exited its ETH long position, cut its WLD holdings by roughly half, and opened a new XRP long position worth approximately $323,900. After reducing and then repurchasing BTC, its overall BTC holding increased slightly today; gold positions were trimmed.

Official news: South Korean cryptocurrency exchange Bithumb will launch new KRW trading markets for Hyperliquid (HYPE) and Collector Crypt (CARDS). HYPE, which operates on the HyperEVM network, will have deposits and withdrawals open within two hours of this announcement, with trading set to commence at 15:00 Beijing Time on November 10. Its reference price is 100,700 KRW, and transactions require 10 network confirmations. CARDS, built on the Solana network, will offer deposits and withdrawals within three hours of the announcement, with trading expected to go live at 17:00 Beijing Time. The token’s reference price is 300 KRW, and 20 network confirmations are needed.