ETH falls below the $3100 mark

US Senator Cynthia Lummis stated that market structure is the most important component in the legislative history of digital assets in the United States, emphasizing its central position in the regulatory framework. （Cointelegraph）

["7 Siblings" purchased approximately 38,000 ETH in two days, with a total value exceeding $130 million] According to Onchain Lens monitoring, the mysterious entity "7 Siblings" invested approximately $133.49 million USDC over two days, acquiring about 37,971 ETH at an average purchase price of around $3,515. Among these, "7 Siblings" borrowed $61 million USDC again to purchase approximately 18,000 ETH.

[Bitwise CIO: Bitcoin May Be Nearing the Bottom, Institutional Investors Remain Bullish] Bitwise Chief Investment Officer Matt Hougan stated that although Bitcoin has fallen below $100,000, hitting a new low since June and sparking concerns about a 'crypto winter,' the current market is closer to a bottom rather than the start of a prolonged bear market. He pointed out that retail investor sentiment is in an 'extremely desperate' phase, with frequent leverage liquidations, but institutional investors and financial advisors are still allocating to Bitcoin and other crypto assets through ETF channels. Hougan expects Bitcoin to reach new highs this year, with prices potentially rising to the $125,000–$130,000 range, ideally even touching $150,000. Additionally, Bitwise's newly launched Solana Staking ETF (BSOL) attracted over $400 million in inflows during its first week, though it has recently dropped nearly 20% during the pullback.

[Curve Finance Proposes Establishing Emergency Multisig Mechanism to Optimize Risk Management] Curve Finance is advancing governance proposal 1252, suggesting the implementation of 'Emergency DAO' multisig permissions for crvUSD and LlamaLend to enhance risk management capabilities and ensure system security. The proposal aims to expand support for yieldbasis and Resupply functions while optimizing control over key risk parameters, including lowering the debt ceiling for crvUSD minting, adjusting automated market maker (AMM) fees and monetary policies, managing liquidity mining callbacks and borrowing discounts, and setting Vault deposit limits. Community voting will conclude on November 12 (UTC+8).

[Real-Time Cryptocurrency Liquidation Data Released on November 5, 2025] The real-time cryptocurrency liquidation data across the network for November 5, 2025 (Wednesday) has been released. For specific details, please refer to the relevant platforms.