November 7, 2025 | Summary of notable crypto news in the past 24 hours!

This article is machine translated
Show original

1⃣ US stock markets plunged overnight, dragging down crypto stocks. Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) fell slightly — which is actually a positive sign, but don’t expect a complete reversal just yet. More patience is needed.

2⃣ Stable 's second Capital round oversubscribed, pre-listing valuation on Binance reached $4 billion , while XPL was only at $2.5 billion . The question is: Is Stable overvalued?

3⃣ The AI ​​project in the Sui ecosystem, called DeAgentAI ($AIA) , has increased "dizzily" 7 times in just two weeks, reaching a Capital of 6.4 billion USD . Last night alone, it increased 300% , completely "erasing" the short sellers. An extremely fierce increase.

4⃣ Data storage Token are on a tear — Filecoin (FIL) is up 51.3% , Arweave (AR) and STORJ (STORJ) are also up. This could be due to the excitement surrounding AI data storage in the US stock market. However, the ability to maintain this momentum is still a question mark.

5⃣ USDe 's market Capital fell below $9 billion , from its previous peak of $16 billion . Some analysts said the project's stablecoin model was "counter-proven". ENA also fell to $4.6 billion .

6⃣ Zcash (ZEC) breaks above $555 , hitting a new local high. The funding rate is at -0.3% , meaning sellers are paying buyers — and they are taking a loss. Be careful if you plan to “catch the top” now.

7⃣ GIGGLE is moving sideways around $200 , while币安人生corrects down and ASTER reclaims the $1 mark. All three are still heavily dependent on the “Binance twin saints” – CZ and Yi Lihua – to maintain the bullish momentum.

8⃣ Tether continues to accumulate: buying 961 more BTC , bringing the total number of Bitcoin held to 87,290 BTC (equivalent to 8.84 billion USD ). The richest "whale" in the market is even richer.

9⃣ Some OpenAI leaders have suggested that the US government should financially support the construction of data centers , causing great controversy. Sam Altman denied it but suggested the idea of ​​a “national computing warehouse” . Critics say the AI ​​bubble is heating up every day.

🔟 Cathie Wood lowers Bitcoin price forecast for 2030 from $1.5 million to $1.2 million , arguing that stablecoins are gradually replacing BTC as a monetary instrument in emerging markets. Investor sentiment is cooling.


About BingX Exchange

Founded in 2018, BingX is one of the leading cryptocurrency exchanges with more than 20 million users worldwide. BingX offers a variety of products and services such as: Spot trading, Futures Contract, copy trading, etc. Meeting the needs of users of all levels. In addition, BingX is proud to be the official partner of Chelsea FC. Download the BingX Exchange app on iOS or Android now to start your investment journey!


Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
83
Add to Favorites
13
Comments