The virtual asset market is showing a general downward trend, with the DePIN sector experiencing a significant 7.31% drop. Bitcoin and Ethereum also saw declines of 5.66% and 7.71% respectively, while other major sectors failed to escape the weakness. Notable declines were observed in DePIN-related assets such as Grass, Filecoin, and Render.

Ethena (ENA) is trading at $0.1643, down 7.96% from four hours ago and 10.61% from 24 hours ago. During the same period, Ethena long positions worth $690,000 were liquidated on major exchanges including Binance.

Despite Ethena's significant growth in October with milestones like $800M rewards and USDe adoption, the ENA token price has dropped over 10% due to broader market declines. A long-term forecast suggests a potential 1052% upside to $1.52.

The cryptocurrency market experienced a đồng thời decline due to a combination of the Binance hack and a plunge in US AI stocks. Alea Research analyzed that Bitcoin fell 3.76% weekly, with the downward pressure on altcoin prices caused by the hack and the contraction of DeFi loan liquidity dampening overall market sentiment.

Bitcoin surpassed 81,000 USDT, rising by 4.60%. Seventeen major virtual assets also showed overall strength, increasing between 1.78% and 12.34% over the past 24 hours. Zcash, Ethena, and Near Protocol recorded high growth rates.

As of 3:29 PM on November 4th, Ethena (ENA) recorded a price of $0.1824, a 4.23% increase from one hour prior. It has risen 7.48% in the last 24 hours, ranking 42nd in market capitalization with approximately $2.39197 billion.

It was identified that altcoins (ENA, CRV, ZRO, etc.) worth 15.4 billion won were moved for sale from a wallet linked to the Mercado Bitcoin hack in Brazil. The assets were distributed to multiple addresses, and it was observed that Ethereum was also being consolidated in one location.

Ethena (ENA) is trading at $0.1697, down 4.29% from an hour ago. The price has fallen 1.45% in the last 24 hours, and its market cap ranks 42nd. Long liquidations amounted to $60,000 during the same period.

In the recent 30-day futures indicator, Cardano (ADA) showed a beta of 1.91, surpassing Dogecoin (DOGE) and Litecoin (LTC). This suggests that Cardano is more sensitive to Bitcoin (BTC) price fluctuations, but it does not directly indicate its ranking in terms of actual price drops during specific downturns.

Binance has resumed withdrawals for multiple cryptocurrencies on the Ethereum and Solana networks. This is expected to restore user asset mobility and facilitate trading activities.

A framework posted on the Ethena governance forum proposes a procedure to approve institutional borrowers meeting certain criteria without a vote by the Risk Committee. It specifies collateral requirements, borrower eligibility criteria, and reporting obligations, and includes a list of accepted collateral such as Bitcoin and Ethereum.

Following Arthur Hayes' sell-off, Ethena's price has dropped by 13.77%, and Ether.fi by 11.87%. Ethereum and Uniswap also saw slight declines. This is a comparison of price changes, not a direct causal relationship with Hayes' sale.

Arthur Hayes sold his altcoin holdings on October 24, successfully avoiding losses as ENA, ETHFI, ETH, and UNI experienced declines in the subsequent market downturn, according to on-chain analyst Ai Yi.

Binance is gradually reopening withdrawals for a new batch of assets, starting Nov. 3, focusing on BSC, Ethereum, and Solana networks. Deposits remain unaffected, and Binance will cover losses from stolen funds.

Arthur Hayes anticipates a bearish outlook for Bitcoin until the Fed or banks expand their balance sheets. He diagnoses a 재축적 of dollar liquidity and argues that liquidity, rather than regulatory clarity, has a greater impact on cryptocurrency prices. He recently announced plans to tidy up his portfolio and observe the market.

Arthur Hayes predicts that Bitcoin's weakness will continue without an expansion of the Fed's or banks' balance sheets. Despite the rise in the dollar liquidity index, Hayes maintains his bearish outlook on Bitcoin, prioritizing liquidity flows over regulation. He is liquidating his portfolio and adopting a wait-and-see approach.

Bitcoin has fallen below $77,000, with major altcoins like Ethereum and Solana also showing slight declines. Zcash, in particular, has dropped 6.3% in the last 24 hours, along with significant drops in Near Protocol, LSK, Ethena, and BEAM. Conversely, HOT, HAEDAL, Tron, and Monero have seen gains.

This week's cryptocurrency market will focus on Binance resuming withdrawals after a hack and customer fund outflows, the US midterm elections, and employment statistics. Bitcoin remains relatively stable. Major corporate earnings announcements and token unlocks are also scheduled.

The crypto market is closely monitoring the aftermath of the Binance hack, the US midterm elections' impact on regulation, and key labor market data releases. Institutional adoption is helping the market absorb shocks.

This week, the virtual asset market is expected to focus on the aftermath of the Binance hack, the results of the US midterm elections, and the release of the employment report. Bitcoin is showing relative stability, and major corporate earnings announcements and token unlock schedules are also planned.