Ethena Labs 近期提出一项新的机制，旨在通过在二级市场价格严重低于锚定价值时购回并销毁 USDe，以支持市场的有序流动性和稳定。该提议是针对 10 月 10 日 Binance 交易所发生极端市场波动期间 USDe 价格短暂严重脱锚至 0.65 美元的事件而做出的风险管理应对。核心机制购回条件： 仅在发生“严重市场脱锚”（severe market dislocations）时启用，初始价格门槛设定为 USDe 价格交易在 0.99 美元或更低时。资金来源： 使用 USDe 现有储备中可用的稳定币（如 USDT）进行购回。资金额度： 拟定动用 USDe 总储备资产的 1.2%，以目前 USDe 供应量计约为 9500 万美元。操作方式： 购回将通过在中心化交易所（CEX）订单簿上下达买单执行，采用链下解决方案，不将储备资产直接存入交易所。即时销毁： 购回的 USDe 将被立即销毁（Burn）。协议效益该机制的净影响将是：提高抵押率： 低于 $1 购入 USDe 能够捕捉价差，增加协议储备，从而提高 USDe 的抵押率。减少供应量： 销毁 USDe，减少其流通供应量。支持价格： 在市场承压时，直接在二级市场提供买盘支持，稳定 USDe 价格。应对 Gas 费： Ethena 可利用捕获的价差来承担高昂的 Gas 费用，确保在网络拥堵时也能进行套利操作，而这正是市场做市商在 10 月 10 日受限的原因之一。背景回顾在 10 月 10 日的市场波动期间，尽管 Ethena 的核心铸造/赎回功能运行正常，并在 24 小时内处理了超过 20 亿美元的即时赎回，但由于 Binance 缺乏直接的 USDe 铸造/赎回集成以及交易商在 CEX 遇到存提问题，导致 Binance 上的 USDe/USDT 现货价格严重脱锚。此提案旨在通过主动干预二级市场，避免类似事件造成的“循环清算”（cyclical loop of USDe liquidations）效应，并为协议带来净收益。风险委员会成员已收到此提案并将在后续提供建议。 (Ethena Labs Research)

According to PANews, Tom Lee, co-founder of Fundstrat and chairman of BitMine, has noted that cryptocurrency prices have not rebounded since a significant liquidation event on October 10. The ongoing weakness suggests that market makers' balance sheets may be compromised. When balance sheets show a 'gap,' market makers tend to seek funding and reduce market liquidity operations, akin to quantitative tightening in the cryptocurrency sector, which can suppress prices. In 2022, this quantitative tightening effect lasted for 6 to 8 weeks, and a similar situation may be unfolding now. However, Lee believes that cryptocurrency prices have not yet peaked in the current cycle. After analyzing five cycle explanations, he identified two with significant value, both indicating that the peak of the cryptocurrency cycle may still be 12 to 36 months away, differing from past cycles. Following the largest single-day deleveraging event in cryptocurrency history on October 10, trading volumes are still recovering, impacting related stocks. Historically, the fourth quarter is a strong season for cryptocurrency and stock prices, encouraging investors to increase 'open contracts.' Therefore, related trading volumes are expected to improve in the coming weeks.

根据 msx.com 数据，美股开盘，道指跌 0.23%，标普 500 指数跌 0.38%，纳指跌 0.48%，加密板块普跌，Coinbase 下跌 3.45%，BitMine 下跌 1.42%，SharpLink 下跌 2.11%。据悉，msx.com 是一个去中心化 RWA 交易平台，累计已上线数百种 RWA 代币，涵盖 AAPL、AMZN、GOOGL、META、MSFT、NFLX、NVDA 等美股及 ETF 代币标的。

Alphabet stock rose over 5% on Monday after Berkshire Hathaway disclosed a $4. 9 billion stake in Google's owner, the conglomerate led by Warren Buffett. source: https://catenaa.com/markets/equities/alphabet-stock-soars-on-4-9bn-stake-of-berkshire-hathaway/

Privacy-focused tokens are suddenly outpacing the entire crypto market, with Firo, Velo, and Horizen delivering some of the strongest 24-hour performances across all digital assets. The surge comes at a time of rising U. S. regulatory pressure, renewed interest in anonymous transactions, and major technical upgrades that are pushing these networks into the spotlight source: https://www.ethnews.com/these-cryptos-are-quietly-surging-fast-while-the-rest-of-the-market-stalls/

Bitcoin pioneer Nick Szabo warns the network isn't immune to legal attacks, citing state coercion risks amid the rise of non-financial transactions. <p>The post Bitcoin’s Biggest Myth? Nick Szabo Says the Network Isn’t Truly Untouchable first appeared on Ecoinimist. </p> source: https://ecoinimist.com/2025/11/17/bitcoin-biggest-myth-security-szabo/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-biggest-myth-security-szabo

GMI Cloud will build a $500 million AI factory in Taiwan, powered by 7,000 Nvidia Blackwell Ultra GPUs and capable of processing close to 2 million tokens per second. source: https://www.cryptopolitan.com/gmi-cloud-unveils-500-million-ai-taiwan/

According to Odaily, as of November 17, 2025, Eastern Time, global publicly traded companies, excluding mining firms, recorded a net purchase of $847.64 million in Bitcoin over the past week. Strategy, formerly known as MicroStrategy, invested $835.6 million last week, acquiring 8,178 Bitcoins at an average price of $102,171, bringing its total holdings to 649,870 Bitcoins. Japanese company Metaplanet did not purchase any Bitcoin last week. However, two other companies made acquisitions. Japanese fashion company ANAP made two Bitcoin purchases, acquiring 3.3996 Bitcoins at $108,510 and 10.8304 Bitcoins at $110,587.6, increasing its total holdings to 1,125.3 Bitcoins. Hong Kong-based genetic testing and health technology company Prenetics invested $10.57 million to purchase 106 Bitcoins, raising its total holdings to 493.4 Bitcoins. Additionally, Bitcoin ecosystem company Metador Technologies completed its first convertible bond financing, raising $10.5 million to increase its Bitcoin holdings. As of the report's release, the total Bitcoin holdings of the surveyed global publicly traded companies, excluding mining firms, amounted to 893,370 Bitcoins, with a current market value of approximately $83.94 billion, representing 4.48% of Bitcoin's circulating market value.

Bitcoin drops 10% in a week after failing key resistance. Analysts warn of a bearish trend as BTC trades below major support levels. source: https://cryptopotato.com/bitcoin-btc-fails-at-key-resistance-more-pain-ahead/

Michael Saylor expanded Strategy’s Bitcoin treasury with an 8,178 BTC purchase worth $835. 6 million shortly after criticism from Peter Schiff. <p>The post After Schiff’s Attacks, Saylor Goes Bigger: Strategy Adds 8,178 BTC first appeared on Ecoinimist. </p> source: https://ecoinimist.com/2025/11/17/saylor-replies-to-schiff-8k-btc-buy/?utm_source=rss&utm_medium=rss&utm_campaign=saylor-replies-to-schiff-8k-btc-buy

Monkey-themed meme coins are surging as South Carolina residents secure their homes after 43 monkeys escaped a Yemassee research facility. Though used in vaccine development and not a public health risk, the incident has ignited memes, conspiracy theories, and nostalgia for Hollywood’s primate escapades.

MonkeyBit completed a $2 million seed funding round and launched a global ambassador recruitment programme this month. Aiming to build the next Web3 social amusement ecosystem, MonkeyBit plans to release its $MONK token in Q3. Will you go bananas for these monkeys?