[Stanley Huang Lost $17.5 Million Trading on Hyperliquid Platform] On-chain analysis shows that Stanley Huang withdrew 3,437,000 USDC from Binance yesterday afternoon to early this morning to go long on ETH on the Hyperliquid platform. However, the price of ETH dropped from $3,550 yesterday afternoon to $3,150, causing his $3,437,000 investment to shrink to just $1.9 million. As of now, his total losses have reached $17.5 million.

Monitoring shows that Ma Jizhen withdrew $3.437 million from Binance to long ETH on Hyperliquid from yesterday afternoon to early this morning. The price of ETH fell from $3550 yesterday afternoon to $3150, and its account balance decreased from $3.437 million to $1.9 million, resulting in a total loss of $17.5 million. (Ashes)

[The Financial Accounting Standards Board to Discuss Accounting Treatment for Crypto Asset Transfers] The Financial Accounting Standards Board (FASB) will hold a meeting on November 19 to discuss whether to include 'accounting treatment for crypto asset transfers' in its technical agenda. The meeting will explore expanding the scope of the crypto asset accounting standards issued in 2023, clarifying the accounting guidance for 'derecognition' of crypto asset transfers, or implementing both measures simultaneously. This meeting comes just weeks after FASB added a technical project on stablecoin classification.

[Coinbase to Suspend AI16Z Perpetual Contract Trading in November 2025] Coinbase announced that AI16Z perpetual contract trading will be suspended around 11:30 (UTC) on November 15, 2025. AI16Z-PERP trading will be suspended on the Coinbase Advanced and Coinbase International Exchange platforms, with the final settlement price calculated based on the average index price from the 60 minutes prior to the trading suspension.

[MoonPay to Offer Stablecoin Issuance and Management Services] Cryptocurrency payment company MoonPay Inc. has announced that it will begin providing stablecoin issuance and management services to its clients. Zach Kwartler, the newly appointed head of the stablecoin business, stated that the company will leverage its existing money transmission licenses to operate this business in multiple U.S. states. In its statement, MoonPay noted that the service will target corporate clients in the U.S., Asia, and Latin America, and will support multiple blockchain networks. Kwartler mentioned that issuing proprietary stablecoins can help clients manage payment operations more efficiently.