November 18, according to HyperInsight monitoring, as the market continued to fall, the "buddy" ETH 25x leveraged long position has experienced multiple liquidations. The cumulative loss has now exceeded $19.35 million. Currently holding 368.88 ETH in a long position, valued at $1.11 million, with a liquidation price of $2963.3.

November 18th, according to The Block, Ethereum founder Vitalik showcased the privacy-enhancing encryption tool "Kohaku" at Devcon, aiming to enhance the privacy and security of the Ethereum ecosystem.Kohaku is an open-source initiative designed to enhance on-chain privacy and security. It provides a modular framework consisting of foundational components, allowing developers to build more secure, privacy-focused wallets without relying on centralized third parties. In the future, it may also incorporate additions such as a mixnet and other network-level anonymity tools, as well as a Zero-Knowledge (ZK) technology-driven browser.At the Ethereum Cypherpunk Gathering, Vitalik emphasized that Ethereum is on a "privacy upgrade path," aiming to provide "privacy and security that is truly suitable for the real world."

November 18, according to an official announcement, Coinbase will list Superfluid (SUP) spot trading on November 17 and will list Toncoin (TON) spot trading on November 18.

November 18th — Federal Reserve Governor Waller stated that he supports another rate cut at the December meeting as he is increasingly concerned about the sharp slowdown in the labor market and employment. Waller said, "I'm not worried about accelerating inflation or a significant increase in inflation expectations. My focus is on the labor market, which, after several months of weakness, is unlikely to be changed by this week's September employment report or any other data in the coming weeks. It is necessary to cut interest rates again." Waller specifically noted that he tends to cut rates by 25 basis points once again.Waller said, "I am concerned that restrictive monetary policy is putting pressure on the economy, especially its impact on low- and middle-income consumers. The December rate cut will provide additional insurance against the labor market accelerating weakening and move policy towards a more neutral direction." At the same time, he stated that price data indicates that tariffs will not have a long-term impact on inflation. Another rate cut would be a risk management practice. (FXStreet)

November 18th, in an article by the "Fed Heard" Nick Timiraos, it was pointed out that Federal Reserve officials are facing a challenge in how to resolve rate disagreements. He listed the two camps within the Federal Reserve, with one camp being more concerned about inflation, a group that has recently grown in size, including four regional Fed presidents with voting rights this year and Fed Governor Brainard.The other camp of officials is more concerned about the labor market, including all three Fed governors appointed by Trump, who fear that their colleagues may overemphasize the danger of sustained high inflation, leading to unnecessary recession risks, and they believe high inflation is still far away. Nick stated that in any case, the December meeting may have at least three dissenters, with the three Trump-appointed officials opposing keeping rates unchanged; and if the Fed cuts rates by 25 basis points, the dissenting votes will also reach at least three. (Golden Finance)

November 18th, according to Coinglass data, in the past 24 hours, the total amount liquidated across the entire network was 800 million USD, with long liquidations totaling 467 million USD and short liquidations totaling 333 million USD.The number of liquidated accounts exceeded 154,000. The largest single liquidation occurred on Hyperliquid - BTC-USD, amounting to 96.5116 million USD.

November 18, according to HTX market data, Bitcoin dropped below $92,000, with a 24-hour decrease of 2.55%. Ethereum briefly fell below $3,000, with a 24-hour decrease of 2.49%.

November 18, according to Onchain Lens monitoring, 3 hours ago, the Forward Industries address deposited 1,443,507 SOL into Coinbase Prime, worth $201.34 million, and it is not yet certain whether it was a sell-off.It is reported that Forward Industries (Nasdaq code: FWDI, formerly FORD) is currently the world's largest SOL (Solana native token) treasury company. According to its latest treasury update on November 15, 2025, the company holds approximately 6.91 million SOL, accounting for over 1.25% of Solana's total circulation, far exceeding other publicly traded Solana treasury companies such as Upexi (about 2 million SOL) and DeFi Development Corp. (about 1 million SOL).

November 18th, according to Decrypt's report, the Trump administration recently promoted a regulatory proposal aimed at authorizing the IRS to obtain key information on US citizens' overseas cryptocurrency accounts and implement taxation. According to a government website notification, the Treasury Department's cooperative proposal for the US to join the international cryptocurrency tax reporting framework was submitted to the White House last Friday, and the President's advisory team will review it.Earlier this year, the White House urged the Treasury Department and the IRS to develop relevant rules to advance the US's participation in the "Cryptocurrency Asset Reporting Framework" established by the OECD in 2022. This multilateral agreement requires member countries to automatically share citizens' cryptocurrency asset information to combat cross-border tax evasion. Currently, within the G7, hubs for cryptocurrency such as Japan, Germany, France, Canada, Italy, the UK, the UAE, Singapore, the Bahamas, have all signed.In a cryptocurrency policy report released this summer, Trump's cryptocurrency advisory team proposed that the US join this framework. The White House stated at the time: "Implementing CARF will prevent taxpayers from transferring digital assets to overseas trading platforms, promote US digital asset growth applications, and avoid putting the US at a competitive disadvantage due to a lack of reporting mechanisms." The report requested the Treasury Department and the IRS to study specific implementation plans, but emphasized that "no new reporting requirements should be set for DeFi transactions."According to the plan, the global deployment of CARF is scheduled to officially begin in 2027.

November 18th, according to The Block, TD Cowen investment bank analyst pointed out that as the federal government resumes operations, the U.S. Securities and Exchange Commission (SEC) will face a crucial period in the next 12 months as the agency is working on formulating regulatory rules for the cryptocurrency industry.The TD Cowen Washington research team led by Jaret Seiberg stated in a report that following the longest government shutdown, the market's focus has shifted to SEC Chairman Paul Atkins's policy agenda. "After the government restart, the SEC will face the most important 12 months of Atkins's chairmanship, and his agenda of regulatory relaxation will enter a substantive stage," Seiberg said on Monday.Since the new Trump administration took office this year, the SEC has taken several actions to clarify its stance on crypto regulation, including issuing custody guidelines, holding roundtable discussions, and launching a rule modernization initiative called the "Crypto Plan." Last week, Atkins also announced a token classification scheme aimed at defining under what circumstances digital assets should be classified as securities."The SEC needs to start issuing proposals in the coming months to complete rulemaking by 2027," Seiberg noted that the agency takes up to two years from proposal to finalization, "this will leave room for judicial challenges to ensure that the new rules are implemented by the end of 2028."Seiberg mentioned that Atkins is also focused on issues outside of the crypto realm such as semi-annual reporting and retail investor participation in alternative investments. In the crypto space, it is expected that Atkins will focus on tokenized equity assets. With crypto companies rushing to launch blockchain equity tokens, these tokenized securities may directly compete with traditional brokerage businesses."We expect SEC Chairman Atkins to provide waivers and relief to online brokers and crypto platforms to pave the way for their tokenized equity business," Seiberg said.