[The sixth-ranked trader on Hyperliquid's SOL contract leaderboard closes positions for profit, turning account losses into gains] On October 31, on-chain AI analysis tool CoinBob detected that the sixth-ranked trader on Hyperliquid's SOL contract leaderboard, known as 'Calm Order King,' gradually closed portions of BTC and SOL short positions from last night to early this morning, recording profits exceeding $700,000. The total nominal value of positions dropped from $79.7 million to $60.68 million, and the account shifted from a 150% floating loss to a 50% floating gain. Monitoring data shows that the address currently has $850,000 in floating profit from BTC short positions, with a return rate of approximately 52%, an average position price of $112,000, and a position size of about $32.24 million. For SOL short positions, the floating profit is $780,000, with a return rate of approximately 58%, an average position price of $191, and a position size of about $27 million. Earlier this month, 'Calm Order King' rolled $3 million in principal into over $20 million, achieving a 100% win rate across 17 trades this month, drawing significant attention from the on-chain swing trading community. Investors should remain cautious of market volatility risks.

[Ether.Fi Community Proposes Allocating Up to $50 Million for ETHFI Token Buyback] The Ether.Fi community has proposed using treasury funds for an ETHFI token buyback. The proposal seeks to authorize the foundation to conduct buybacks when the market price of ETHFI falls below $3, with a total amount capped at $50 million. The goal is to accumulate ETHFI and increase the proportion of protocol revenue allocated for buybacks. The buyback plan will be initiated immediately upon DAO approval and will continue until the cap is reached, the foundation deems the plan complete, or subsequent governance votes modify or terminate the plan. The next step involves a 4-day voting period on Snapshot. If approved, the plan will take effect once the price conditions are met.

[Coinbase Responds to Senator Murphy's Allegations, Calling Them 'Baseless'] Coinbase publicly refuted Democratic Senator Chris Murphy's allegations on social platform X, calling his claims about 'favoring Trump' 'utterly absurd.' Murphy accused Coinbase of donating $46 million to the Trump administration and related projects, as well as funding Trump's inauguration and the construction of the White House banquet hall, implying that these actions were connected to the U.S. Securities and Exchange Commission (SEC) dropping its lawsuit against Coinbase. Coinbase Chief Policy Officer Faryar Shirzad responded, stating that these allegations are baseless and emphasized that the crypto industry's political action committee, Fairshake, is a bipartisan organization that has supported candidates, including several Democratic lawmakers. He pointed out that corporate donations to presidential inauguration events are customary and that contributions to the banquet hall were made through the National Mall Trust Foundation, in collaboration with other industry companies.

[Hong Kong SAR Appoints Chairperson and Members of Stablecoin Review Tribunal] The Chief Executive of the Hong Kong Special Administrative Region has appointed the Chairperson and panel members of the Stablecoin Review Tribunal in accordance with the Stablecoin Ordinance (Chapter 656). Senior Counsel Mr. Lam Tak-yip will serve as the Chairperson, and the panel members include Professor Wong Ho, Mr. Yuen Wan-kau, Mr. Lui Chi-hung, Mr. Mak Yip-shing, Mr. Ng Kin-lam, and Mr. Siu Tsz-him. The tribunal is responsible for reviewing specified decisions made by the Hong Kong Monetary Authority under the Stablecoin Ordinance to ensure the reasonableness and fairness of the relevant regulatory decisions.

[Strategy tests 9 new addresses, possibly related to custodian changes] Analyst Emmett Gallic monitored and discovered that Strategy has tested 9 new addresses (excluding change addresses), suspected to be associated with custodian changes. These addresses are of the ScriptHash type (starting with 3), consistent with the deposit address type of Coinbase Prime. However, the funds from this test were not consolidated, leading to the situation described above.