[Canada Plans to Introduce Stablecoin Regulatory Legislation in the 2025 Federal Budget Framework] Canada plans to establish regulatory legislation for fiat-collateralized stablecoins under its 2025 federal budget framework. According to the 2025 budget released by the Canadian government, stablecoin issuers will be required to meet the following conditions: hold sufficient reserves, establish redemption policies, and implement risk management frameworks that include the protection of personal and financial data. To support the implementation of regulatory efforts, the Bank of Canada will allocate CAD 10 million during the 2026-2027 fiscal year and expects ongoing regulatory costs of approximately CAD 5 million annually. These costs will be borne by stablecoin issuers under the Retail Payment Activities Act. This plan is part of Canada’s "Payment System Modernization" strategy, aimed at providing the nation’s 41.7 million people with a faster, lower-cost, and secure digital payment environment. The United States’ passage of the Stablecoin Regulation GENIUS Act four months ago has served as a driving force for Canada.

[Swiss Bitcoin Asset Management Company FUTURE Completes $34.6 Million Financing] Swiss Bitcoin asset management company FUTURE announced the completion of a strategic financing round of 28 million Swiss francs (approximately $34.6 million), with investors including Fulgur Ventures, Nakamoto, and TOBAM.

[Dupay Announces Termination of Operations in November 2025] Crypto payment card provider Dupay has issued an announcement stating that due to unresolved compliance issues and funding flow obstacles, it will officially cease all services and shut down its servers on November 30, 2025. Dupay noted that it had advanced a large frozen sum of money, and users who have not yet completed withdrawals must do so before the server shutdown. After the closure date, manual processing can still be requested via email.

[ETH Bull Whale Turns Bear, Abraxas Capital's Short Position Turns Profitable] On November 5, monitoring data revealed that the 'ETH Bull Whale' (0xb9f) closed its ETH long position with a loss of $2.04 million after holding it for over 34 days. The position had once shown unrealized gains of over $6 million, with a peak position size of $71.75 million. Previously ranked second on Hyperliquid's ETH contract long position leaderboard, the whale has now switched to the bearish camp, opening an ETH short position at an average price of $3,337 with a position size of $62.45 million. Additionally, the largest ETH contract short position on Hyperliquid, held by 'Abraxas Capital' (main address: 0x5b5), has turned profitable. The short position, opened on May 9, now shows unrealized gains of $10.41 million, with a current position size of approximately $170 million at an average price of $3,530. In October, its position size reached $300 million, with unrealized losses exceeding $50 million at one point. As of November 3, only the ETH short position among its 22 short positions still shows unrealized losses.

[Legendary Trader 3AWDTD Sells 2.91 Million JELLYJELLY for a Profit of $813,500] According to data from Lookonchain, legendary trader 3AWDTD has partially taken profits after holding JELLYJELLY tokens for 9 months. He previously purchased 5.91 million JELLYJELLY for $450,000 and recently sold 2.91 million of them due to a price increase, earning a profit of $813,500. Currently, he still holds 3 million JELLYJELLY, with a market value of approximately $698,700, bringing his total profit to around $1.06 million. Previously, this trader achieved profits of $28.4 million, $7.7 million, and $6.36 million from trading TRUMP, PNUT, and MELANIA tokens, respectively.