[In the past 12 hours, total liquidations across the network reached $608 million, with long positions accounting for over 87%] Data shows that in the past 12 hours, total liquidations across the network amounted to $608 million, including $532 million in long position liquidations and $75.44 million in short position liquidations.

[Fireblocks in Talks to Raise Funds for Employee Share Buyback] Crypto infrastructure company Fireblocks Inc. is in discussions to raise funds for buying back shares from employees. The company is backed by Sequoia Capital and Coatue Management and has hired Citigroup as an advisor for the transaction. The deal is currently in its early stages, and the valuation of Fireblocks and the number of shares planned for buyback have not yet been determined. The funds will be used to conduct a tender offer to complete the share buyback.

21Shares launches a cryptocurrency index ETF regulated under the 1940 Investment Company Act in the United States, providing investors with diversified digital asset exposure under stricter regulations. （Cointelegraph）

[Analysis Shows U.S. Initial Jobless Claims Dropped to 226,000 Last Week] Analysis indicates that for the week ending November 8, U.S. initial jobless claims fell to approximately 226,000, down from 228,000 the previous week. Due to the government shutdown, the Department of Labor has not released weekly reports since September 25 but has provided downloadable data for most states. The latest data for Massachusetts and the Virgin Islands is missing, so the four-week average was used as a substitute. Continuing jobless claims fell to 1.94 million last week, down from 1.96 million the previous week. Initial claims under the U.S. Federal Employees Unemployment Compensation program increased by 5,702, marking the third consecutive week of decline, but continuing claims for the week ending November 1 rose to 38,387, the highest since January 2019.

[U.S. FDIC Develops Deposit Tokenization Insurance Guidelines, Emphasizing Consistent Legal Nature] Travis Hill, Acting Chairman of the U.S. Federal Deposit Insurance Corporation (FDIC), stated that the FDIC is developing 'deposit tokenization insurance' guidelines to provide regulatory direction for financial institutions planning to expand their digital asset business. He emphasized that whether deposits are in the traditional financial system or migrated to blockchain and distributed ledgers, their legal nature should remain consistent.