PANews reported on November 4th that, according to AiYi's monitoring, Machi's 2,500 ETH long positions were liquidated last night at $3,760.53, resulting in a loss of $1.073 million. His account currently has only $16,700 remaining. Since October, he has deposited a total of 1.727 million USDC into Hyperliquid, almost all of which has been lost, bringing the total loss in his HL account to $13.33 million.

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

