[ETH Bull Whale Turns Bear, Abraxas Capital's Short Position Turns Profitable] On November 5, monitoring data revealed that the 'ETH Bull Whale' (0xb9f) closed its ETH long position with a loss of $2.04 million after holding it for over 34 days. The position had once shown unrealized gains of over $6 million, with a peak position size of $71.75 million. Previously ranked second on Hyperliquid's ETH contract long position leaderboard, the whale has now switched to the bearish camp, opening an ETH short position at an average price of $3,337 with a position size of $62.45 million. Additionally, the largest ETH contract short position on Hyperliquid, held by 'Abraxas Capital' (main address: 0x5b5), has turned profitable. The short position, opened on May 9, now shows unrealized gains of $10.41 million, with a current position size of approximately $170 million at an average price of $3,530. In October, its position size reached $300 million, with unrealized losses exceeding $50 million at one point. As of November 3, only the ETH short position among its 22 short positions still shows unrealized losses.

[Legendary Trader 3AWDTD Sells 2.91 Million JELLYJELLY for a Profit of $813,500] According to data from Lookonchain, legendary trader 3AWDTD has partially taken profits after holding JELLYJELLY tokens for 9 months. He previously purchased 5.91 million JELLYJELLY for $450,000 and recently sold 2.91 million of them due to a price increase, earning a profit of $813,500. Currently, he still holds 3 million JELLYJELLY, with a market value of approximately $698,700, bringing his total profit to around $1.06 million. Previously, this trader achieved profits of $28.4 million, $7.7 million, and $6.36 million from trading TRUMP, PNUT, and MELANIA tokens, respectively.

[MGBX to Launch BAY and NB Spot Trading] To further enrich the platform's trading options and enhance user trading experience, MGBX will officially launch the following spot trading pairs on November 5, 2025. Schedule: Deposit Opening Time: 2025-11-05 16:00:00 (SGT) Trading Opening Time: 2025-11-05 18:00:00 (SGT) Withdrawal Opening Time: 2025-11-08 19:00:00 (SGT) Trading Pair Details: BAY/USDT NB/USDT For more trading opportunities, please visit 'Quick News Updates.' Data sourced from MGBX, for informational purposes only and does not constitute any investment advice.

[Solana's Fee Market Share Drops to 9%, Hyperliquid and BNB Chain Lead L1 Blockchains] According to Defillama data, with a significant increase in derivatives trading activity, Hyperliquid and BNB Chain have taken the lead in the mainstream Layer 1 blockchain fee market, accounting for 40% and 20%, respectively. Meanwhile, Solana's market share has plummeted from over 50% at the beginning of the year to just 9%. This shift is primarily attributed to the fading memecoin trading frenzy on Solana, the lack of strong native application support, and the rapid rise of Hyperliquid and BNB Chain in the derivatives sector.

[October ADP Employment Numbers to Be Released Tonight, U.S. Economic Data May Be Disrupted for Over 60 Days] The U.S. October ADP employment numbers will be released tonight at 21:15 (UTC+8), with the previous value at -32,000 and the forecast at 28,000. This is one of the few recent macroeconomic data points available to the Federal Reserve. The U.S. Department of Labor has stated that economic data releases will be suspended until the government shutdown ends, with an expected disruption of over 60 days. This includes employment reports, unemployment rates, CPI, PPI, retail sales, and housing starts data. The Federal Reserve's rate-cutting path faces greater uncertainty.