Robinhood’s Crypto Trading Revenue Soared 339% in Q3 as Company Tops Street Earnings Estimates

[James Wynn Increases Bitcoin Short Position Worth $2.2 Million] Onchain Lens monitoring shows that James Wynn has increased his Bitcoin (BTC) short position using 40x leverage. The current position is valued at approximately $2.2 million, holding 21.46 BTC, with a floating profit of $57,000.

[Strive Increases Permanent Preferred Stock IPO Size to 2 Million Shares, Priced at $80 Per Share] Bitcoin treasury and asset management company Strive (NASDAQ: ASST) announced that its permanent preferred stock (SATA) initial public offering (IPO) is priced at $80 per share, and the issuance size has been increased from the originally planned 1.25 million shares to 2 million shares. The company stated that it will continue to focus on maximizing shareholder value through Bitcoin asset allocation.

**[China and the U.S. Begin Implementing Kuala Lumpur Economic and Trade Consultation Consensus, Adjust Tariff Measures]** On November 6, China and the U.S. began implementing the consensus reached during the Kuala Lumpur economic and trade consultations, with recent adjustments to multiple tariff and non-tariff measures. On November 4 local time, the White House issued two presidential executive orders, announcing the removal of the 10% "Fentanyl Tariff" on Chinese goods starting November 10, 2025, and extending the suspension period for the 24% "Reciprocal Tariff" on Chinese goods by one year. On November 5, relevant Chinese departments also announced corresponding adjustment measures. Huo Jianguo, Vice President of the China Society for World Trade Organization Studies, stated that the current implementation involves the first batch of consensus outcomes, addressing measures related to the U.S.'s previous increase of the "Fentanyl Tariff" and the imposition of "Reciprocal Tariffs" on Chinese goods. Future implementation of consultation outcomes will also cover areas such as the "50% Penetration Rule," restrictions related to the Section 301 investigation, cooperation on fentanyl anti-drug efforts, and the expansion of agricultural trade.

[Aave Founder Warns of Lending Protocol Design Risks and Asset Manager Conflict of Interest Issues] Yearn community member Schlag posted on the X platform, pointing out that the losses of the Stream project stemmed from high-leverage trading, directional trading, and concealing the usage of user funds. He called on DeFi projects to strengthen standardization and transparency, emphasizing the importance of due diligence and risk control. In response, Aave founder Stani.eth stated that immutable oracle price feeds and interest rate mechanism designs could pose potential disasters to lending protocols, urging stakeholders to be vigilant about risks arising from design flaws. Additionally, he stressed that asset managers taking excessive risks for competitive purposes exacerbates industry problems, calling for collective efforts to build a safer decentralized finance (DeFi) ecosystem.

1. Trump claims to pardon Zhao Changpeng after strict review process 2. Federal Reserve Governor Milan: Continuing to cut interest rates is still reasonable 3. Gold price correction ends, may rise to $4700 per ounce 4. Mastercard invests $2 billion to drive cryptocurrency development 5. Bitcoin spot ETF opens with trading volume exceeding $1 billion in 30 minutes 6. The Fidelity Bitcoin ETF has released 3552 BTC worth $365 million 7. US Senator Suggests Community Banks to Embrace Bitcoin and Cryptocurrency The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/498522