PANews reported on November 10 that, according to on-chain analyst Yu Jin, Ma Ji (Huang Licheng)'s 4,600 ETH (US$16.72 million) long position has already yielded a floating profit of US$1.09 million, with the long position opened at a price of US$3,398.
This $1.07 million unrealized profit is his largest gain since the crash on October 11 that wiped out his $12.56 million principal.

Federal Reserve Governor Stephen Miran argued that stablecoins’ potential multi-trillion dollar growth over the next five years will help push down interest rates. A growing demand for US dollar-tied crypto stablecoins could help push down the interest rate, says US Federal Reserve Governor Stephen Miran.The Donald Trump-appointed Miran told the BCVC summit in New York on Friday that the dollar-pegged crypto tokens could be “putting downward pressure” on the neutral rate, or r-star, that doesn’t stimulate or impede the economy.If the neutral rate drops, then the central bank would also react by dropping its interest rate, he said.Read more

