Binance’s Flash Swap and Trading Pages Now Support Direct Fiat Purchases of bStocks

Beating AI Express News: Microsoft has officially confirmed that the global service outage lasting over 24 hours has been fully restored. Per the latest announcement, affected products including Microsoft 365 (enterprise and consumer editions), Outlook, Teams, and Copilot have all returned to normal operation. The service status page now shows "All products are operational" and email backlogs have been cleared. The outage began on November 12, impacting more than 70 countries and regions worldwide. Microsoft stated it has fixed the root cause and restored services to remaining affected customers and regions. The tech giant apologized earlier, noting the outage stemmed from a technical issue introduced during an earlier network capacity upgrade (exposed after subsequent network changes), and was unrelated to cyberattacks or AI. It also pledged to release a full post-incident report later.

According to TradingBeats monitoring, Abraxas Capital’s two hedge accounts on Hyperliquid have posted a combined cumulative profit of over $512 million, with their total short positions now reduced to $572 million. Data shows: the main address has a cumulative profit of $301.25 million and an unrealized profit of $69.38 million; the hedge address has a cumulative profit of $219.43 million and an unrealized profit of $61.16 million; the two accounts’ total unrealized profit stands at around $131 million, with current leverage ratios of 3.91x and 3.60x respectively. As a London-based asset management firm, Abraxas Capital previously held short positions exceeding $1.45 billion. The short size has now shrunk to $572 million, a reduction of roughly 60.6% from its earlier level. From short positioning of over $1.4 billion to cumulative gains of more than $500 million, this multi-month hedge trade has become one of the most closely-watched institutional trading cases on Hyperliquid.

CryptoQuant analyst Darkfost noted that the proportion of active Bitcoin supply currently in a loss state has exceeded that of profitable supply. The estimate excludes Bitcoin that has not moved for over a decade. After adjustment, the share of supply in profit stands at less than 45%, meaning the majority of Bitcoin in this group is currently trapped in losses. Historically, when this proportion falls below 40%, it typically aligns with the bottom of a market correction phase. Conversely, when this proportion approaches 100%—meaning nearly all active Bitcoin holdings are in profit—the risk of a downward market reversal rises. The analyst argues that contrarian investing is becoming increasingly attractive: building positions gradually when the market is dominated by losses, while reducing positions appropriately when profitability becomes widespread.

According to monitoring by OnchainLens, a crypto whale received 4,892 ETH from Galaxy Digital via over-the-counter (OTC) trades over the past two months, worth roughly $11.85 million. The whale has since transferred a total of 4,637 ETH back to Galaxy Digital’s deposit addresses, valued at around $10.1 million. Of today’s transfers alone, 1,796 ETH (worth approximately $3.42 million) were sent back. The whale currently holds a remaining balance of 255 ETH, valued at about $483,000.

The organization behind Ethereum Layer 2 network MegaETH, MEGA, has laid off roughly 20% of its workforce. MegaETH co-founder Shuyao Kong said Friday the restructuring affected early-stage employees involved in project development, spanning teams for blockchain, wallets, ecosystem support, and communications, though she did not disclose specific layoff figures or the exact timeline of the cuts. She emphasized that the founding team, early employees, and core engineering team will continue to advance the project. The layoffs come amid MEGA’s organizational restructuring and business transformation. The group is shifting its focus to new products on the MegaETH network, including AI services, and has committed $30 million to push forward related initiatives. However, Kong did not explicitly link the layoffs directly to its AI strategic pivot. Per the whitepaper released by the co-founders, MegaETH plans to launch an AI inference marketplace, which will integrate multiple AI service providers to let users select different models, while addressing issues such as model authenticity and transparency in user data processing. Kong stated that MEGA plans to launch the public version of the AI inference marketplace this December.

According to monitoring by Ai Yi, the "Iron Head Bulls" (a BIT-affiliated entity) that previously took a large long position of 120,000 ETH has recently activated a batch of new addresses to re-establish long positions. The nine addresses currently hold a combined long position valued at roughly $155 million, comprising 60,841.22 ETH and 600 BTC, with an unrealized loss of approximately $44.06 million—excluding substantial funding fee expenses. All of the entity’s previously used operating addresses have been deactivated, per reports. Between April and August this year, it amassed over $67.05 million in profits from ETH long trades. The move to reactivate new addresses to build large-scale long positions signals that some of its earlier accumulated profits may now face pressure of being eroded.