Ethereum: Stablecoins have grown by $84.9 billion in the past 12 months

[ZEC Largest Bull Reduces Position to Take Profit, Holdings Drop to 55,000 Coins] According to hyperbot data, the largest ZEC bull has reduced their position, with holdings dropping from 60,000 coins to 55,000 coins. The account has an unrealized profit of $5.15 million, with an average entry price of $555, a liquidation price of $513, and a position value of $35.7 million. Previously, the account's floating profit plummeted from a peak of $12 million to less than $1 million, a drop of over 90%, before recovering to $5.15 million following ZEC's rebound. After experiencing significant volatility, the account chose to reduce its position and take profit.

[Huang Licheng's Ethereum Long Position Has Increased to 5,600 ETH] According to Onchain Lens data, Machi (Huang Licheng) currently holds a 25x leveraged long position in Ethereum, which has increased to 5,600 ETH, with a total value of approximately $20 million and a floating profit of $960,000.

Federal Reserve Governor Stephen Milan stated that the growth in demand for stablecoins may lower interest rates and predicted that the market size could reach $3 trillion in the next five years. （Cointelegraph）

[Procedural Vote Passed in U.S. Senate, But Government Shutdown End Date Still Uncertain] On November 10, the U.S. Senate passed a procedural vote on the plan to end the government shutdown, but reopening the government still requires several steps to be completed. The Senate needs to amend three appropriation bills and send them back to the House of Representatives, with each amendment triggering a 30-hour debate period, potentially delaying the process. If Democrats extend the debate, the government may not reopen until Wednesday or Thursday; if they waive the time, the process could be completed tonight, and the government could reopen as early as tomorrow night. The House of Representatives must reconvene to pass the agreement before it can be sent to President Trump for signing.

[Bitcoin Spot ETF Net Outflow of $1.22 Billion Last Week, Third Highest in History] According to SoSoValue data, from November 3 to November 7 (Eastern Time), Bitcoin spot ETFs saw a weekly net outflow of $1.22 billion, marking the third-highest record in history. The Bitcoin spot ETF with the highest net inflow last week was the Grayscale Bitcoin Mini Trust ETF (BTC), with a weekly net inflow of $21.61 million and a historical cumulative net inflow of $1.97 billion. The second was the Bitwise ETF (BITB), with a weekly net inflow of $4.69 million and a historical cumulative net inflow of $2.32 billion. The ETF with the largest net outflow was the BlackRock ETF (IBIT), with a weekly net outflow of $581 million and a historical cumulative net inflow of $64.32 billion. The second was the Fidelity ETF (FBTC), with a weekly net outflow of $438 million and a historical cumulative net inflow of $12.00 billion. As of press time, the total net asset value of Bitcoin spot ETFs was $138.08 billion, with an ETF net asset ratio of 6.67%, and a historical cumulative net inflow of $59.97 billion.