[Hunan Province Court in China Rules Cryptocurrency Mining Contract Invalid, Losses to Be Borne by Participants] Recently, the People's Court of Guiyang County, Hunan Province, China, concluded a dispute case involving a cryptocurrency mining contract. The plaintiff, Hu Mou, collaborated with others to engage in cryptocurrency mining activities and filed a lawsuit over lost equipment, demanding the return of 570,000 yuan in investment funds. The court ruled to dismiss all of Hu Mou's claims. Based on the 'Notice on Further Preventing and Handling the Risks of Virtual Currency Trading and Speculation,' the court determined that cryptocurrency-related activities constitute illegal financial activities, rendering the related civil legal acts invalid, with losses to be borne by the participants themselves.
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もっと >Machi account has been liquidated, with a balance of only 15500 yuan and a total loss exceeding 20.23 million US dollars
The Machi account has been fully liquidated, with a current balance of only $15538 and a total loss of over $20.23 million. （Lookonchain）
铁杆空头巨鲸20倍杠杆比特币空单浮盈超3400万美元
[Die-hard Bearish Whale's 20x Leveraged Bitcoin Short Position Sees Unrealized Profit Exceed $34 Million] According to Hyperbot data, a die-hard bearish whale (address 0x5D2...9bb7) who has shorted BTC four consecutive times recently opened a 20x leveraged Bitcoin short position with an unrealized profit of $34.03 million. Currently, the position holds approximately 1,232 BTC, with a position value of $103 million, an entry price of $111,499.3, and a liquidation price of $92,042.7.
「冷静开单王」多单连遭清算，损失约1292万美元
['Calm Order King' Long Positions Liquidated, Losses Approx. $12.92 Million] On November 21, on-chain AI analysis tool CoinBob detected that the long positions in ETH, SOL, UNI, and HYPE held by 'Calm Order King' were liquidated 10 times in quick succession. Except for SOL, which still has a $5.8 million position remaining, all other positions have been fully liquidated or stopped out. The account's total holdings have plummeted from $68 million to $5.8 million. Currently, the SOL position has an unrealized loss of $930,000, with a liquidation price of $121. This trader had previously turned an initial capital of $3 million into over $30 million in profits. After this large-scale liquidation, they still retain an overall profit of $2.8 million.
BTC跌至82000美元，ETH跌至2669美元，Hyperliquid现超千万美元爆仓
[BTC drops to $82,000, ETH drops to $2,669, Hyperliquid sees over $10 million in liquidations] According to on-chain analyst Ai Yi's monitoring, BTC price sharply dropped to $82,000, and ETH price fell to $2,669. Within one minute, a total of 5 accounts on the Hyperliquid platform were liquidated, with each liquidation exceeding $10 million. The largest single liquidation amounted to $36.78 million.
香港财库局推进代币化债券适用性研究
[Hong Kong Treasury Bureau Advances Research on Tokenized Bond Applicability] Hong Kong Treasury Bureau Secretary Christopher Hui stated during his speech at the FinTech Forward Seminar and the 01 FinTech Excellence Awards Ceremony 2025 that the Treasury Bureau and the Hong Kong Monetary Authority are studying the applicability of current legislation to tokenized bonds, aiming to promote the adoption of tokenization technology in Hong Kong's bond market. Relevant details will be announced in the first half of next year. Additionally, the Hong Kong Securities and Futures Commission released two new circulars earlier this month, allowing licensed virtual asset trading platforms to share global order books with overseas affiliated platforms and expanding the range of products and services that virtual asset trading platforms can offer.