Whale Alert has reported that an Ethereum address containing 31,765,779 USDT was frozen approximately two minutes ago. The reasons behind the freezing of this substantial amount of USDT remain unclear at this time.

According to a tweet from on-chain analytics platform MistTrack, Microsoft is accused of abusing its dominant position in the Windows operating system to manipulate the browser market in favor of its own Edge browser.

According to a tweet from Whale Alert, an address holding 31,765,779 USDT (approximately $31,778,899) has just been frozen.

According to CoinWorld.com and ME, on November 8th (UTC+8), Nick Tomaino, founder of 1confirmation, posted on the X platform that Silicon Valley venture capital firms have been trying to control the entire crypto industry, and to some extent, they have succeeded. However, most of these firms failed between 2021 and 2023 because they invested heavily in zero-sum games—projects that, while attracting retail investors, offered no benefit to the world. Now, Silicon Valley VCs are struggling, as evidenced by their overwhelming advertising and poorly made products. Bitcoin and Ethereum have never received investment from Silicon Valley VCs, yet their combined value exceeds $2.5 trillion and they dominate the crypto market.

According to a tweet from Wu Blockchain, crypto banks allow users to spend directly without having to convert their on-chain wealth back to fiat currency, providing higher returns by leveraging the government bond yields of stablecoins, while also solving the problem of merchants being unwilling to accept cryptocurrency payments.

recent market data indicates that altcoins, which experienced a surge yesterday, have undergone significant corrections. Zcash (ZEC) saw a decline from a peak of 750 USDT to 508 USDT, marking a 32.1% retracement. Filecoin (FIL) dropped from a high of 3.97 USDT to 2.99 USDT, a decrease of 24.4%. Arweave (AR) fell from a maximum of 8.73 USDT to 6.54 USDT, resulting in a 25.1% pullback. Meanwhile, ORDI experienced a reduction from 7.5 USDT to 5.135 USDT, reflecting a 31.5% correction.

According to ME News, on November 8th (UTC+8), Faruk Fatih Özer, former CEO of the Turkish cryptocurrency exchange Thomas, was found dead in prison on November 1st. Preliminary investigations suggest suicide. Özer was sentenced to 11,196 years in prison in 2023 for orchestrating a $2 billion cryptocurrency exit scam. In April 2021, Thomas abruptly shut down trading and withdrawals, and Özer subsequently fled overseas. After more than a year of pursuit, he was arrested in Albania in August 2022 and extradited to Turkey in April 2023. This case prompted the Turkish government to strengthen regulations on the cryptocurrency industry, including banning crypto payments and implementing new investor protection measures, indirectly boosting the adoption and trading of cryptocurrencies in the country.

According to Whale Alert monitoring, on November 8th, an Ethereum address holding 31,765,779 USDT was frozen approximately 2 minutes ago.

According to a tweet from Wu Blockchain, Nick Tomaino, founder of 1confirmation, pointed out that Bitcoin and Ethereum have created over $2.5 trillion in value without venture capital funding, accounting for the majority of the crypto market. He criticized Silicon Valley venture capitalists for attempting to control the industry, but most of them over-invested in zero-sum projects between 2021 and 2023, which is detrimental to the world and has led to its downfall.

According to Bijie.com, market data shows that altcoins that surged yesterday have all experienced significant pullbacks. ZEC fell from a high of 750 USDT to 508 USDT, a 32.1% decline; FIL fell from a high of 3.97 USDT to 2.99 USDT, a 24.4% decline; AR fell from a high of 8.73 USDT to 6.54 USDT, a 25.1% decline; and ORDI fell from a high of 7.5 USDT to 5.135 USDT, a 31.5% decline.