Important news from last night to this morning (November 16 - November 17)

Messari releases Filecoin Q3 report: Utilization rises to 36%, capacity shrinks to 3.0 EiB

According to the Filecoin Q3 status report released by Messari, the network utilization of Filecoin rose to 36% in the third quarter, while total capacity decreased to 3.0 EiB. Network fees increased by 14% month-on-month to approximately $793,000, of which penalties accounted for about 99.5%. The v27 'Golden Week' upgrade removed the old sector methods, making base and batch fees nearly zero. Active storage volume slightly decreased by 1% to 1,110 PiB, and the average daily new transaction volume dropped by 19%. The number of live real data sets increased to 2,491, with 925 exceeding 1,000 TiB. FVM token activity in FIL remained relatively stable; DeFi TVL decreased by 8.4% to around $27 million; USDFC circulation dropped by 8.5% to approximately $275,000. The Filecoin Foundation and GSR Foundation are promoting cooperation in cultural and scientific data storage. In addition, according to an official announcement from Filecoin, Filecoin Onchain Cloud will be officially launched at 12:00 AM Beijing time on November 19 and will be live-streamed on YouTube. The platform aims to build a decentralized, developer-owned cloud infrastructure, covering modules for storage, computing, retrieval, and access control, serving the new era of data, AI, and applications.

Data: The average daily trading volume of Upbit and Bithumb in November fell to $1.88 billion, the lowest of the year.

According to The Korea Times, South Korean cryptocurrency exchanges are facing pressure on profits as trading volume declines due to a weakening market. Upbit's operator Dunamu reported an operating profit of 235.3 billion won in Q3, a year-on-year increase of 180%, with revenue of 385.9 billion won and a net profit of 239 billion won; Bithumb reported an operating profit of 70.1 billion won, revenue of 196 billion won, and a net profit of 105.4 billion won. Bitcoin has fallen about 25% from its October peak, and the average daily trading volume of Upbit and Bithumb in November has dropped to 1.88 billion dollars, the lowest this year. Transaction fees account for about 98% of the revenue of both exchanges, which have recently accelerated the introduction of new tokens to boost activity, but overall trading remains sluggish.

The short position on ZEC ranked first on Hyperliquid has exceeded a loss of 22.04 million USD.

According to Ai Yi's monitoring, the short address ranked first on Hyperliquid with $ZEC has incurred a floating loss of over $22.04 million. As ZEC has once again surpassed $700, reaching a new all-time high (ATH), the 60,870.43 ZEC held by that address is facing significant losses. It is worth noting that the aforementioned floating loss is the result after some reduction in positions. The current latest liquidation price for that address is $1,112.45. The industry is also paying attention to whether it will continue to 'stubbornly hold' the short position.

ZachXBT: Cardano users lose over $6 million due to low liquidity trading.

On the morning of today, on-chain detective ZachXBT stated that a Cardano user exchanged 14.4 million ADA (approximately 6.9 million USD) for 847,000 USDA (the US dollar stablecoin on Cardano) about two hours ago. Due to extremely low liquidity in the pool, the transaction caused a temporary surge in the price of USDA, resulting in the user losing approximately 6.05 million USD. It is reported that these funds had been idle for nearly five years.

USDC Treasury minted a total of 750 million USDC in three transactions over the past 15 minutes.

Solscan data shows that USDC Treasury completed 3 minting transactions in the past 15 minutes, totaling 750 million USDC minted. Each individual minting volume was 250 million USDC.

Caixin: The suspect Qian Zhimin still holds 61,000 Bitcoins and XRP.

According to Caixin Weekly, the main suspect Qian Zhimin submitted an access code for a confiscated device and the passwords for two cryptocurrency wallets to the police during his detention in September 2025. As a result, the police discovered that in addition to approximately 61,000 Bitcoins that were frozen, he also held Bitcoin and XRP worth approximately £67 million.

Cardone Capital purchased 888 BTC for its “Bitcoin Real Estate Hybrid Project”

Grant Cardone, the founder of the real estate investment firm Cardone Capital, stated today on the X platform that he has added 888 BTC to the “Bitcoin Real Estate Hybrid Project” 101 Mizner Boca, and the related BTC purchases have been fully completed.

Michael Saylor has once again released information on the Bitcoin Tracker, and may disclose the increased holdings data next week.

Michael Saylor, the founder and executive chairman of Strategy (formerly MicroStrategy), has once again released information about the Bitcoin Tracker on the X platform. According to previous patterns, Strategy typically discloses Bitcoin accumulation data the day after he releases information about the Bitcoin Tracker.

Data: Tokens like ZRO, YZY, ZK, etc. will experience a large unlock next week, with ZRO unlocking a value of approximately $38.3 million.

Token Unlocks data shows that tokens such as ZRO, YZY, and ZK will have significant unlocks next week. Among them: LayerZero (ZRO) will unlock approximately 25.71 million tokens at 7 PM Beijing time on November 20, accounting for 7.29% of the current circulating supply, valued at approximately 38.3 million USD; YZY (YZY) will unlock about 37.5 million tokens at 1 PM Beijing time on November 19, representing 12.50% of the current circulating supply, valued at approximately 14.1 million USD; ZKsync (ZK) will unlock around 173 million tokens at 4 PM Beijing time on November 17, accounting for 3.37% of the current circulating supply, valued at about 9 million USD; KAITO (KAITO) will unlock approximately 8.35 million tokens at 8 PM Beijing time on November 20, accounting for 2.97% of the current circulating supply, valued at about 6.4 million USD; ApeCoin (APE) will unlock about 15.6 million tokens at 8:30 PM Beijing time on November 17, representing 1.66% of the current circulating supply, valued at approximately 5.5 million USD.

Binance Alpha launches Play Solana (PLAYSOLANA), eligible users can claim 2,500 tokens airdrop.

Binance Alpha is now online Play Solana (PLAYSOLANA). Eligible Binance users can use 245 Binance Alpha points to claim 2,500 PLAYSOLANA tokens airdrop on the Alpha event page. If the rewards are not fully distributed, the point threshold will automatically decrease by 15 points every hour. Please note that claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claim on the Alpha event page within 24 hours, otherwise, it will be considered a waiver of the airdrop.

A certain whale/institution transferred 44,000 ETH to Binance this morning, worth $140 million.

According to on-chain analyst Yu Jin, a giant whale/institution that previously shorted ETH for a profit of $24.48 million has turned to going long and transferred 44,000 ETH ( worth $1.14 billion ) to Binance early this morning. They accumulated 444,800 ETH ( at an average price of $3,398 over the past few days, with a leverage of 1.5 times through borrowing. Now their ETH has an unrealized loss of $110 million.

The total ZEC contract position across the network has surpassed 1.5 billion USD, setting a new historical record.

According to the latest data from Coinglass, the total ZEC contract open interest across the network has increased to 2.0971 million coins, with the open interest market value surpassing 1.5 billion USD, reaching 1.506 billion USD, setting a new historical high, with an increase of 21.49% over the past 24 hours; among them, the ZEC contract open interest on Binance reached 579,700 coins, with an open interest market value of 416 million USD; the ZEC contract open interest on Bybit reached 289,800 coins, with an open interest market value of 208 million USD.

The market is focused on how the Federal Reserve's meeting minutes will reveal the direction of interest rates.

According to Jinshi reports, the Financial Times analysis points out that the minutes of the Federal Reserve's October policy meeting will be released at midnight next Thursday, Beijing time. At this moment, investors are facing increasing uncertainty about the path of U.S. interest rates. Last month, the Federal Reserve lowered the benchmark interest rate to a range of 3.75%-4%, but investors' hopes for Chairman Powell to hint at another rate cut in December were dashed. Before the October meeting, the market had fully priced in a 25 basis point rate cut in December, but Powell's statement that “further rate cuts by the end of the year are not a foregone conclusion” quickly reshaped market expectations. Boston Fed President Collins further questioned the rate cut next month this week, emphasizing that “the threshold for implementing additional easing recently is relatively high.” Data shortages will become a major obstacle for Federal Reserve decision-making. The 43-day U.S. government shutdown ended this week, during which key data on the labor market and inflation were all suspended, making it difficult for investors to assess the true health of the world's largest economy. Morgan Stanley analysts pointed out in a client report that the data shortage and delayed release of employment market indicators mean that “the Federal Reserve will face the dilemma of incomplete information when making decisions at the December meeting.”

A certain whale opened a 20x leverage long position in Bitcoin and deposited 300 BTC, with a liquidation price of $60,424.6.

According to Lookonchain monitoring, a certain whale opened a 20x leveraged long position on Bitcoin and deposited 300 BTC, worth 28.7 million USD, within the past 2 hours. The liquidation price is 60,424.6 USD, and this whale had previously lost 6.35 million USD on the Hyperliquid platform.

A whale withdrew 2,450 ETH from Binance in the past hour, worth 7.91 million USD.

According to Onchain Lens monitoring, a certain whale withdrew 2,450 ETH from Binance in the past hour, worth 7.91 million USD. Two days ago, he also accumulated and withdrew 2,560 ETH, worth 7.96 million USD.

Binance: Users holding at least 245 Alpha points can claim airdrop at 21:00.

Binance announces that users holding at least 245 Binance Alpha points can claim token airdrops at 21:00 (UTC+8). First come, first served. Until the airdrop pool is exhausted or the event ends. Specific details will be announced separately.

Brother Ma Ji will increase his long position in Ethereum to 7,700 ETH, currently facing an unrealized loss of over 1.7 million USD.

According to on-chain data monitoring, Brother Maji has just increased his 25x leveraged Ethereum long position to 7,700 ETH, with a position value of $24.475 million, a liquidation price of $3,045.4, and a current unrealized loss of approximately $1.712 million.

Greeks.live: It is expected that next week may be a rebound week, but panic sentiment still exists. The market is focused on Bitcoin's key support level of $90,000.

The Greeks.live Chinese community briefing pointed out that there are differences in the short-term direction among groups, with some traders concerned that there may be a spike to around 89k after the market opens on Monday. It is expected that next week could be a rebound week, but panic sentiment still exists. The market is focused on the key support level of 90,000 USD, with reports indicating that issues with market makers have led to spot sell-offs, and the recovery time is expected to be around Thanksgiving.

Tom Lee: The market may need 6-8 weeks to address the “gap” issue in the balance sheets of market makers.

Tom Lee, the chairman of the board of BitMine, stated on the X platform that the current decline in the cryptocurrency market has exposed many issues, such as a market maker (or two) with significant balance sheet vulnerabilities and sharks looking to trigger a collapse/sell-off of Bitcoin prices. However, the pain caused by these issues will not last long and will not change Wall Street's goal of building an “ETH supercycle.” But now is not the time to use leverage, as it can easily lead to being caught in a position. Furthermore, in response to community users asking when the balance sheet issues of market makers can be resolved, Tom Lee indicated that it seems to require 6-8 weeks.

Smart contract father Nic Carter: Investors face greater difficulty in achieving success in this cycle, suggesting to emotionally “decouple” from cryptocurrency first.

The father of smart contracts and co-founder of Castle Island Ventures, Nic Carter, posted on the X platform that it is difficult for investors to achieve success in this cycle. He therefore suggests emotionally “decoupling” from cryptocurrencies, not putting too much pressure on themselves, and not feeling the need to succeed in this cycle. Reality is different; the price trends of cryptocurrencies over the past decade have blinded investors, and this may not happen again, as success requires creating products and delivering real value.

Binance Alpha plans to launch Datagram Network )DGRAM( on November 18.

Binance announces that Binance Alpha plans to launch Datagram Network )DGRAM( on November 18. Eligible users can go to the Alpha Events page to claim the airdrop using Binance Alpha points after trading opens. More details will be announced soon.

A certain address has opened a 20x leverage long position on Bitcoin, currently holding 200.03 BTC.

According to on-chain analyst Ai Yi's monitoring, address 0x8d0…59244 opened a 20x leveraged Bitcoin long position 45 minutes ago, currently holding 200.03 BTC (approximately $19.22 million), with an opening price of $95,977.3, and has an unrealized profit of $21,000.

The main suspect in the 60,000 Bitcoin money laundering case, Qian Zhimin, predicted seven years ago that BTC would rise to $40,000-$55,000 in 2021.

According to Caixin, a diary written by Qian Zhimin between May and July 2018 shows that she formulated a “six-year plan” for 2018 to 2023, anchoring almost all major expenditures to Bitcoin. The diary states: In 2018, based on an estimate of “about $6,800 per coin,” she planned to sell at least 4,000 Bitcoins; in 2019, assuming the price rose to “$8,200,” she would sell no more than 1,500 coins; by 2020, she further raised the budgeted price to “$9,500,” and in her diary, she bet that after entering 2021, the coin price would remain at between $40,000 and $55,000 for a long time.