PANews reported on November 10 that, according to on-chain analyst Yu Jin, whale 0x7b7 transferred 7 million USDC to Hyperliquid three days ago to short BTC. After multiple stop-loss orders, it now has only $560,000 left, a loss of $6.44 million.
At its peak, he shorted 2,222 BTC ($226 million), and after multiple stop-loss orders, he now has 300 BTC ($31.87 million) remaining.

Federal Reserve Governor Stephen Miran argued that stablecoins’ potential multi-trillion dollar growth over the next five years will help push down interest rates. A growing demand for US dollar-tied crypto stablecoins could help push down the interest rate, says US Federal Reserve Governor Stephen Miran.The Donald Trump-appointed Miran told the BCVC summit in New York on Friday that the dollar-pegged crypto tokens could be “putting downward pressure” on the neutral rate, or r-star, that doesn’t stimulate or impede the economy.If the neutral rate drops, then the central bank would also react by dropping its interest rate, he said.Read more

