PA Daily | Whale begins increasing position in BTC and ETH longs; CZ says he will no longer disclose related operations after being caught in Aster trade

Today’s Key News:

Tharimmune completes $540 million private sale, plans to establish Canton token treasury

The whale who sold BTC last November is buying the dip, purchasing 800 BTC at an average price of $106,000

“7 Siblings” increases position by $32.49 million in ETH again, accumulating $72.49 million in ETH during this pullback

StakeWise emergency multisig recovers over $20 million in stolen assets, will return funds to users proportionally

PeckShield: Staked Stream USD (XUSD) depegs by about 23%

Moonwell lending contract attacked, attacker profits 295 ETH

CZ: Increased position in Aster again yesterday, always gets trapped when buying crypto, will stop disclosing in the future

FTX Recovery Trust withdraws “Restricted Judicial Jurisdiction Procedure” motion, creditors achieve a phased victory

Macro

FTX Recovery Trust withdraws “Restricted Judicial Jurisdiction Procedure” motion, creditors achieve a phased victory

According to Delaware bankruptcy court documents, FTX Recovery Trust officially withdrew the previously submitted motion on November 3, which was originally intended to implement “restricted procedures” in certain foreign jurisdictions to advance the restructuring plan. After the court expressed objections at the October 23 hearing, the motion was unconditionally withdrawn, marking a phased victory for affected creditors in their fight for rights. If the procedure is to be restarted in the future, a new motion and notification process will be required.

Alpha Arena Season 1 concludes, Qwen 3 MAX takes the championship

nof1.ai founder Jay A posted that the AI portfolio trading competition Alpha Arena Season 1 has ended, with Alibaba’s Qwen team’s Qwen 3 MAX overtaking Deepseek in the final stage to win the championship, with the account value reaching $12,231.82. He stated that the next season will introduce multi-prompt, multi-instance, and trading history mechanisms to enhance stability and evaluation depth.

Wintermute denies plans to sue Binance, says there were never any such plans

Wintermute founder and CEO Evgeny Gaevoy posted on X, “We never planned to sue Binance, and have no reason to do so in the future,” responding to market rumors. Previously, a large-scale crypto market deleveraging event on October 11 (Beijing time) led to over $20 billion in leveraged positions being liquidated; Binance subsequently paid about $283 million to affected traders and launched a $400 million user compensation and low-interest loan plan. Gaevoy said the company is “completely fine,” and noted that some liquidated position prices were “very abnormal.” It is unclear if Wintermute received compensation.

Opinions

CZ: Increased position in Aster again yesterday, always gets trapped when buying crypto, will stop disclosing in the future

Binance founder CZ tweeted that he always gets trapped when buying crypto, recalling buying BTC at an average price of $600 in 2014 only for it to fall to $200 within a month, and buying BNB in 2017 before it dropped 20-30%. He revealed he increased his position in Aster again yesterday but did not disclose specific assets, reminding users to pay attention to investment risks and stating he will no longer publicly disclose such operations to avoid affecting market trends.

Solana Foundation President Lily Liu: On-chain native IPOs may be realized within a few years

The Finternet 2025 Asia Digital Finance Summit, supported by OSL Group, was held in Hong Kong on November 4. Solana Foundation President Lily Liu stated that Solana is working to build an “Internet capital marketplace,” planning to realize on-chain native IPOs in the coming years. She said Solana will also cooperate with institutions such as Western Union to deepen blockchain applications in payments and stablecoins, and pointed out that the essence of blockchain is to serve as a technology platform for the financial system, with the future core of financial infrastructure being “liquidity, speed, and cost.” Lily added that to find long-term usable stablecoins and financial infrastructure, two key elements must be considered: performance and decentralization.

Project Updates

UnifAI announces $UAI tokenomics, 13.33% allocated to community and ecosystem

AI-native infrastructure UnifAI released $UAI tokenomics, with a total supply of 1 billion, based on BSC. Token allocation includes protocol development (20%), foundation and treasury (20.75%), marketing (18.57%), team and advisors (15%), and community and ecosystem (13.33%). $UAI is used for service payments, governance voting, staking, and rewards distribution, incentivizing developers and users to participate in ecosystem building and promoting deep integration of autonomous AI and Web3. Previously, Binance Alpha and Binance Futures announced the listing of UnifAI (UAI).

Moonwell lending contract attacked, attacker profits 295 ETH

According to CertiK monitoring, Moonwell lending contract suffered multiple attack transactions. The attacker exploited the wrong Oracle Machine return price for wrst (about $5.8 million), using only a flash loan of about 0.02 wrstETH and depositing it, repeatedly borrowing over 20 wstETH, profiting 295 ETH (about $1 million).

ZKsync community approves “6-month ZK staking rewards program,” rewards cap at 37.5 million ZK

According to the ZKsync community governance platform, the [TPP-12] ZKnomics token staking proposal has passed, proposed by Dennison (Tally), aiming to pilot a 6-month ZK token staking rewards program with a total rewards cap of 37.5 million ZK (about $1.9 million). Staking participants will receive up to 10% annualized yield. The program will be deployed via Tally’s smart contract, split into two seasons, with 10 million ZK and 25 million ZK allocated as rewards for each season respectively. While staking tokens, users can also delegate voting rights, with no lock-up period required. The proposal plans to launch the first season of staking in December 2025 and will be supervised by the ZKsync governance oversight program.

Berachain: Hard fork upgrade files distributed, attacker is a white hat hacker willing to return funds

Berachain posted on X that hard fork upgrade files have been distributed, and many validator nodes have upgraded. They hope core infrastructure partners required for on-chain operation (such as liquidation Oracle Machines) ensure their RPCs are updated, as this is currently the main obstacle to restoring on-chain operations. After completing core service RPC requests, they will coordinate with bridge, CEX partners, custodians, etc. to restore services. Berachain added that they are communicating with the BEX funds holder, who is an MEV bot operator and claims to be a white hat hacker, willing to pre-sign a series of transactions to return funds after the upgrade, expected to be returned to Berachain’s deployment address.

Staked Stream USD (XUSD) depeg widens to over 60%

CoinGecko data shows Staked Stream USD (XUSD) depeg has widened to 62.1%, currently priced at $0.5504.

Stream Finance: Suffers $93 million asset loss, withdrawals suspended and investigation launched

According to the official announcement, Stream Finance stated that an external fund manager disclosed a loss of about $93 million in Stream funds under their supervision. Stream has hired Perkins Coie LLP attorneys Keith Miller and Joseph Cutler to lead a comprehensive investigation. Currently, Stream is withdrawing all liquid assets and has announced the suspension of all deposit and withdrawal operations, with regular updates to follow. Earlier today, PeckShield stated: StakedStreamUSD (XUSD) depegged by about 23%.

PeckShield: Staked Stream USD (XUSD) depegs by about 23%

According to blockchain security firm PeckShieldAlert, stablecoin Staked Stream USD (XUSD) has currently depegged and dropped about 23%, with the project party being Stream Finance, reminding users to pay attention to risks.

StakeWise emergency multisig recovers over $20 million in stolen assets, will return funds to users proportionally

StakeWise posted that the StakeWise DAO emergency multisig team has recovered 5,041 osETH (about $19 million) and all 13,495 osGNO (about $1.7 million), totaling about $20.7 million, accounting for 73.5% of the osETH stolen in the Balancer V2 exploit. The remaining osETH could not be recovered as the attacker quickly swapped it for ETH. The recovered assets will be returned to users based on their holdings before the incident, and a full post-mortem report will be published soon.

Chainlink and FTSE Russell bring global index data on-chain for the first time

According to Chainlink’s official announcement, FTSE Russell has partnered with Chainlink to bring its core index data (including Russell 1000, 2000, 3000, FTSE 100, etc.) on-chain for the first time via Chainlink DataLink, covering over 60 blockchains and serving more than 2,000 applications, enabling multi-chain 24/7 real time access. FTSE Russell is a leading global financial index and data service provider, part of the London Stock Exchange Group (LSEG).

Key Data

“7 Siblings” increases position by $32.49 million in ETH again, accumulating $72.49 million in ETH during this pullback

According to Onchain Lens monitoring, the “7 Siblings” address cluster spent $32.49 million USDC to purchase 9,057 ETH again. So far, they have spent a total of $72.49 million USDC during this round of pullback, buying 19,918 ETH at an average price of $3,638.

The whale who sold BTC last November is buying the dip, purchasing 800 BTC at an average price of $106,000

According to Ember monitoring, a whale who sold BTC last November and had not operated since re-entered today, buying 800 BTC at $106,060 each, totaling about $84.87 million. This whale has made $120 million in profit from three BTC swing trades between 2022 and 2024; this is their fourth buy, and whether they can continue their previous success remains to be seen.

A whale shorting ASTER has $21 million in unrealized gains, total profit approaches $100 million

According to Lookonchain monitoring, as the price fell, the Anti-CZ whale increased their short position in ASTER after CZ posted about buying, currently holding over $21 million in unrealized gains across two wallets. Additionally, the whale is shorting DOGE, ETH, XRP, and PEPE, all in profit, with total profit on Hyperliquid approaching $100 million.

Data: Long-term holders dumped 400,000 BTC in the past 30 days, nearly 2% of supply

Crypto analyst Quinten stated that in the past 30 days, Bitcoin long-term holders have dumped about 400,000 BTC, nearly 2% of total Bitcoin supply. Despite heavy selling pressure, Bitcoin remains above $100,000. He noted that once real market demand kicks in, Bitcoin prices may see even greater upside.

Investment/Acquisition

Ripple acquires Palisade, strengthening digital asset custody and wallet services

Ripple announced the acquisition of digital asset wallet and custody company Palisade to expand its enterprise-grade crypto custody capabilities, with the transaction amount undisclosed. The acquisition will help Ripple provide complete asset management solutions for crypto-native institutions, fintech companies, and enterprise clients, from long-term storage to high-frequency trading. Palisade features MPC, zero-trust architecture, and multi-chain support, and will be directly integrated into Ripple’s payment system to improve cross-border payment and fund allocation efficiency. Ripple has invested about $4 billion in the crypto ecosystem through strategic investments and acquisitions, previously acquiring Hidden Road ($1.25 billion), Rail ($200 million), and GTreasury ($1 billion).

Perp DEX aggregator Liquid completes $7.6 million seed round led by Paradigm

According to The Block, decentralized perpetual contract aggregator Liquid completed a $7.6 million seed round led by Paradigm, with General Catalyst and several crypto and tech angel investors participating. Liquid integrates platforms such as Hyperliquid, Lighter, and Ostium, offering one-stop non-custodial trading, yield, risk control, and analytics functions. The founder is former Two Sigma AI head Franklyn Wang. The platform has facilitated over $500 million in trading volume.

Web3+AI browser project Donut Labs completes $15 million seed round, Hack VC and others participate

According to CoinDesk, Web3+AI browser project Donut Labs completed a $15 million seed round, with investors including BITKRAFT, Makers Fund, Sky9 Capital, Altos Ventures, and Hack VC, as well as participants from the Solana, SUI, and Monad ecosystems. The project plans to embed autonomous trading agents into the browser, allowing users to perform on-chain trading analysis even offline. The Donut browser waitlist has accumulated over 160,000 users, and the company plans to use the funds to develop a profitable smart browser that integrates real time market intelligence and executes automated trading. Donut browser aims to change how users interact with the financial internet by embedding autonomous trading agents directly into the browsing experience. These agents can analyze markets, calculate risk, and execute on-chain trades, even when users are offline.

Stablecoin developer Standard Money completes $8 million strategic financing, led by Yzi Labs

According to CoinDesk, Standard Money, developer of BNB Chain ecosystem stablecoin USDsd, completed $8 million in strategic financing led by Yzi Labs, with Gate, Crypto.com, and Animoca Brands participating. USDsd is a yield-seeking algorithm stablecoin based on USDT. The funds will support Standard Money’s Mainnet launch, expand liquidity partnerships, and grow global business.

Animoca Brands plans to go public on Nasdaq via reverse acquisition

According to the official blog, Animoca Brands co-founder and executive chairman Yat Siu released a letter to shareholders announcing a proposal to go public on Nasdaq via reverse acquisition with fintech company Currenc Group Inc. (Nasdaq: CURR). Under the proposed structure, after the reverse acquisition, Animoca Brands shareholders will collectively own about 95% of the merged entity’s issued shares, which is expected to operate under the Animoca Brands name. Previously, Animoca Brands announced signing a letter of intent with Nasdaq-listed Currenc Group.

Institutional Holdings

Tharimmune completes $540 million private sale, plans to establish Canton token treasury

According to PRNewswire, Nasdaq-listed Tharimmune announced the completion of a $540 million private sale, led by DRW and Liberty City Ventures, with ARK Invest, Bitwave, Broadridge, Clear Street, Copper, Digital Asset, and others participating. The new funds will support the company in establishing a Canton utility token treasury and purchasing tokens. Previously, DRW led negotiations to raise $500 million for a listed company’s Canton token reserve.

Bitmine increased holdings by 82,353 ETH last week, total holdings valued at $12.61 billion

According to Onchain Lens monitoring, Bitmine purchased 82,353 ETH last week (worth $305.9 million). The company currently holds a total of 3,395,422 ETH, valued at $12.61 billion. Additionally, according to PRNewswire, as of November 2 (US Eastern Time), BitMine holds 3,395,422 ETH and 192 BTC, as well as $62 million in Eightco Holdings shares.

Strategy spent $45.6 million last week to increase holdings by 397 Bitcoin

According to official news, Strategy purchased 397 Bitcoin at about $114,771 each from October 27 to November 2, totaling about $45.6 million. Since the beginning of 2025, it has achieved a Bitcoin yield of 26.1%. As of November 2, 2025, Strategy holds 641,205 Bitcoin, purchased at an average price of about $74,057 each, totaling about $47.49 billion.

Strategy plans to issue euro-denominated 10% perpetual preferred stock STRE, with part of the proceeds used to buy Bitcoin

Strategy Inc (Nasdaq: STRF/STRC/STRK/STRD/MSTR) announced plans to issue 3,500,000 shares of 10.00% Series A Perpetual Stream Preferred Stock (STRE), par value €100 per share, with quarterly dividends and unpaid dividends accumulating at 10% + 100bp per quarter, up to a maximum of 18%. The company said the funds will be used for general corporate purposes, including buying Bitcoin and working capital. STRE has full redemption rights if circulating shares fall below 25% of the original issuance or in the event of certain tax events, and gives holders the right to repurchase at par plus accumulated unpaid dividends in the event of “material changes.” Underwriters include Barclays, Morgan Stanley, Moelis, and others.