ETH falls below the $3600 mark

[He Yi: Giggle Token Will Enter Deflationary Mode, Reflecting Community and Charity Collaboration] On November 4, He Yi posted on social media, stating that Giggle Academy has evolved from initially not responding, to accepting community transaction fee donations, to Binance deciding to donate long-term fees to support the Giggle token, and finally to today's donation burn. This marks the beginning of Giggle token entering a deflationary mode in the future. She believes this represents a two-way collaboration between the community and charity and pointed out that there is no fixed standard for public chain development. Meme tokens lacking a business model struggle to sustain, while even VC-backed tokens with large-scale funding may not necessarily succeed.

According to AiCoin's real-time on chain monitoring, at 18:41 (UTC+8) today, the "1014 High Winning Whale" continuously placed multiple ETH positions, with a total of 2893 ETH and a value of $10.09 million. As of the time of writing, the value of its ETH long position is as high as $939.5 million, with a floating loss of $7.9 million. Whale address: 0xc2a30212a8ddac9e123944d6e29faddce994e5f2

[Aave DAO Approves $50 Million Annual Permanent Token Buyback Plan] Aave DAO has passed a proposal for a permanent token buyback plan, allocating $50 million annually from protocol revenue to repurchase AAVE tokens. The proposal was submitted by the Aave Chan Initiative (ACI) on October 22 and was approved with 100% affirmative votes. According to the plan, the Aave Financial Committee (AFC) and Token Logic can repurchase $250,000 to $1.75 million worth of AAVE weekly, depending on market conditions and protocol revenue. Currently, Aave's total value locked (TVL) stands at $36.4 billion, with revenue of $12.7 million over the past 30 days. This move makes Aave one of the few DeFi projects to adopt a permanent revenue buyback mechanism, reflecting the trend of crypto projects aligning with traditional corporate shareholder return models.

[Two new wallets increased holdings of LINK tokens worth $2.3 million today] Today, two newly created wallet addresses significantly increased their holdings of Chainlink (LINK) tokens, with a total value of approximately $2.3 million. Among them, wallet address 0x9A1 withdrew 49,640 LINK tokens, valued at approximately $736,000; wallet address 0x512 withdrew 98,000 LINK tokens, valued at approximately $1.57 million. The average entry price for both was approximately $16.45 per LINK token.

[Binance Announces Listing of Folks Finance (FOLKS)] Binance has announced the addition of Folks Finance (FOLKS) to multiple services, including spot trading, officially launching on 2025-11-06 at 20:00 (UTC+8). Notes: - Airdrops must be claimed using Binance Alpha Points, with the claiming period from 2025-11-06 12:00 to 2025-11-07 12:00 (UTC). - The FOLKSUSDT perpetual contract supports multi-asset mode, allowing assets such as BTC to be used as margin, with a maximum leverage of 50x. - Binance may adjust contract specifications based on market risk conditions.