A whale withdrew $114.9 million USDT from Aave's main market, driving the platform's USDT utilization rate to 92.83% and exceeding its optimal threshold. The withdrawal activated Aave's automatic interest rate adjustment mechanism, which increases rates to discourage excessive borrowing and incentivize new deposits.

Cryptocurrency transfers from South Korea to Cambodia surged 1,400-fold in 2024, revealing critical weaknesses in the country's anti-money laundering framework, according to regulatory oversight data. Bithumb processed approximately 12.4 billion won ($9 million) in suspicious transactions, while Upbit handled 366 million won ($271,000). The funds were primarily sent in USDT stablecoins to Huione Guarantee, a Cambodian online marketplace sanctioned by the United States and United Kingdom.

Australian Securities and Investments Commission Chair Joe Longo stated that Australia must embrace tokenization or risk being left behind as distributed ledger technology reshapes global capital markets. Longo announced plans to review and relaunch ASIC's Innovation Hub to better support financial market innovation in the country.

Digital asset markets recorded approximately $500 million in capital outflows this week as Bitcoin fell below $100,000 and the TOTAL2 index declined 9%. While bearish momentum dominated, targeted inflows into Zcash and Solana ETFs indicate investors are reallocating rather than exiting entirely. Derivatives markets saw nearly $4 billion in losses since early November, with 77% attributed to long position liquidations.

Elixir Protocol has discontinued its deUSD synthetic stablecoin after Stream Finance suspended withdrawals. The protocol completed redemptions for 80% of deUSD holders on November 7 and will enable full 1:1 USDC redemptions for remaining balances through an upcoming claims portal. Elixir's exposure to Stream Finance exceeded $68 million, part of Stream's total debt obligations surpassing $285 million across multiple lending partners.

Market maker Wintermute warned that new capital has stopped flowing into the cryptocurrency market, with current trading activity driven by reallocation of existing funds rather than fresh inflows. The firm noted that stablecoins, ETFs, and digital asset treasury companies expanded from $180 billion to $560 billion since early 2024, but growth momentum has since slowed. Price rallies are now shorter and produce smaller gains as capital rotates internally among existing participants.

Robinhood Markets reported cryptocurrency trading revenue of $268 million in the third quarter, a 339% increase from $61 million in the same period last year. The platform handled $80 billion in crypto transactions during the quarter. The revenue growth followed the company's acquisition of Bitstamp, which expanded its reach to institutional clients and more than 50 countries.

The Bank of England will publish its consultation on stablecoin regulation on November 10, Deputy Governor Sarah Breeden said. The proposals are expected to include holding caps of £20,000 for individuals and £10 million for businesses, with initial rules applying to systemic stablecoins.