A wallet associated with SharpLink, Ethereum's second-largest holder, deposited 4,363.5 ETH valued at approximately $14.47 million to OKX on November 7, Onchain Lens data show. The transaction represents a significant movement from one of the network's major institutional holders to the centralized exchange platform.

Filecoin (FIL) perpetual contract funding rates on major centralized exchanges surged to sharply negative levels on November 7, with Binance reporting -1.005%, Coinglass data show. FIL traded at $2.184, up 61.2% over 24 hours, HTX market information show. Total FIL contract liquidations reached $6.2 million in the past day, including $4.02 million in short positions, while network-wide open interest stood at $218 million, rising 118% over 24 hours.

The market capitalization of USDe, a stablecoin issued by Ethena Labs, fell to $8.95 billion as of November 7, DefiLlama data show. This represents a decline of approximately 45% from its peak of around $16 billion in early October. On October 11, USDe experienced a severe de-pegging event during a broader cryptocurrency market downturn, trading as low as $0.65 on certain decentralized exchanges.

Storage sector tokens posted significant gains on November 7, with FIL trading at $2.08, up 51.34% over 24 hours, HTX market data show. AR reached $5.91 with a 38.4% increase, while STORJ rose 23.5% to $0.183. SC advanced 8.56% to $0.002 during the same period.

DeFi liquidity protocol Elixir has processed redemptions for 80% of deUSD holders over the past 48 hours, excluding Stream, the protocol announced on November 7. Stream currently holds approximately 90% of the deUSD supply, valued at around $75 million, with a similar proportion of Elixir's remaining backing assets existing as Morpho loans to Stream. Elixir has taken snapshots of all remaining deUSD and sdeUSD holder balances and will launch a claims portal later today, allowing holders to claim USDC at a $1 peg value. The protocol has shut down its minting and redemption infrastructure and plans to phase out deUSD, while working with Euler, Morpho, and Compound to pursue repayment distributions from Stream's loan positions.

Machi Big Brother deposited 262,500 USDC into Hyperliquid on Nov. 7 to add to his ETH long position after facing partial liquidation, Lookonchain data show. His current position stands at 3,000 ETH valued at $9.81 million, with a liquidation price of $3,199.31.

STABLE is trading at $0.055 in Binance perpetual contract pre-launch trading, market data show on Nov. 6. Binance announced the token has a total supply of 100 billion tokens, corresponding to a fully diluted valuation of $5.5 billion.

Polymarket data show the probability of Stable issuing a token in 2024 reached 97% as of November 6. Binance announced it will list STABLEUSDT perpetual contract for pre-launch trading on November 6 at 20:00 UTC+8, with leverage up to 5x.