[Tom Lee Says Crypto Market Decline May Be Due to Market Maker Asset Gap] BitMine Chairman Tom Lee stated that the recent weakness in the crypto market may be related to a significant gap in the balance sheets of one or more market makers, potentially triggering forced liquidations. He believes this is a short-term fluctuation and advises investors to avoid using leverage to mitigate the risk of liquidation.

OKX has announced the addition of Pieverse (PIEVERSE) to multiple services, including futures contracts, officially launching on 2025-11-16 at 11:30 (UTC+8). Notes: - PIEVERSE perpetual contracts will be available for trading starting at 11:30 (UTC+8) on November 16, 2025. - The funding fee settlement cycle is every 4 hours. If the funding rate reaches the upper or lower limit, the settlement frequency will be adjusted to once per hour. - The leverage range is from 0.01x to 20x. Users should pay attention to risk management.

[Tom Lee: Leverage Not Recommended in the Short Term, Market Turmoil Won't Affect ETH Supercycle Target] Tom Lee, Chairman of the Board at Ethereum treasury company BitMine, posted on the X platform that the recent downturn in the cryptocurrency market has exposed some issues, including significant vulnerabilities in the balance sheets of one or two market makers, as well as a 'shark swarm' taking advantage of the situation to trigger a sharp drop in Bitcoin prices. He stated that the pain caused by these issues will not persist in the long term and will not alter Wall Street's goal of building an 'ETH supercycle.' However, he does not recommend using leverage at the moment, as it could easily lead to being trapped. In response to community users' questions about the timeline for resolving the market makers' balance sheet issues, Tom Lee estimated it would take 6 to 8 weeks.

Whale accounts have recently experienced selling behavior, but the specific motives may differ from market expectations. （Cointelegraph）

[ECB Governing Council Member Rehn: Pay Attention to Inflation Slowdown and December Rate Cut Risks] ECB Governing Council Member Rehn stated that the risk of an inflation slowdown should not be overlooked. Lower energy prices, a stronger euro, and a decline in wage and service sector inflation could lead to overall inflation falling below the ECB's 2% target. When asked whether another rate cut might occur in December, Rehn said this risk cannot be underestimated, while also emphasizing the need to monitor potential risks of inflation rising. He pointed out that despite the Trump administration's tariff policies disrupting global trade, the eurozone economy has shown resilience. He also warned of potential stock market correction risks and stressed the importance of bank capital buffers. Rehn believes that current stock prices are relatively high compared to the performance of the real economy and corporate earnings, and urged caution.