In the past hour, total liquidations across the network reached $26.35 million, with $20.30 million from long positions, with $6.05 million from short positions. BTC liquidation $5.46 million, ETH liquidation $6.90 million.

Odaily Planet Daily reports that the White House is currently reviewing a proposed rule submitted by the U.S. Treasury Department that would allow the U.S. to join the international Crypto Asset Reporting Framework (CARF). Once approved and implemented, this framework would allow the IRS to automatically access transaction information from U.S. citizens' overseas cryptocurrency accounts, combating international tax evasion. CARF is a global agreement created by the OECD in 2022 to improve transparency in crypto asset transactions through the automatic exchange of information among member countries. Advisors to U.S. President Trump have previously released a report recommending that the U.S. adopt CARF, arguing that this would prevent U.S. taxpayers from transferring digital assets to overseas digital asset exchanges and promote the development of the U.S. digital asset market. CARF has been signed and adopted by dozens of countries, including most G7 members and major crypto hubs such as Singapore and the UAE, with its global implementation plan to begin information exchange in 2027. The White House emphasizes that the proposed CARF rule should not impose any new reporting requirements on decentralized finance (DeFi) transactions. (Decrypt)

According to Odaily Planet Daily, TD Cowen's Washington research group reports that SEC Chairman Paul Atkins's work agenda has entered its most critical 12 months since the US government shutdown ended last week. Analyst Jaret Seiberg stated that Atkins's "deregulation agenda" will focus on multiple areas, particularly the development of regulatory rules for the cryptocurrency industry. Key Timeline: Analysts point out that the SEC needs to begin releasing proposals in the coming months to finalize the rules by 2027 and have time for court advocacy and implementation by the end of 2028. Crypto Focus: Atkins's work is expected to include his recently announced "token taxonomy" plan, which aims to classify digital assets as securities. Furthermore, Seiberg expects Atkins to focus on tokenized equities and may grant necessary exemptions to online brokers and crypto platforms to facilitate the issuance and trading of tokenized shares. Broader Agenda: Atkins's agenda also includes broader regulatory deregulation measures such as allowing retail investors access to alternative investments. The analysis emphasizes that the U.S. SEC, under its new leadership, is actively promoting "Project Crypto," aiming to modernize regulatory rules and coordinate with congressional legislation. (The Block)

According to Odaily Planet Daily, Bloomberg ETF analyst Eric Balchunas stated in an article published on the X platform that, based on a 20-day timeframe, Grayscale may launch its first Dogecoin ETF on November 24th. While this is not entirely certain until officially announced by the exchange, the situation looks promising based on SEC guidance.

According to Hyperbot data, as reported by Odaily Planet Daily, "Brother Machi" has been liquidated four times in the past hour, reducing his long position in perpetual contracts from 4,500 ETH to the current 1,863 ETH, with a current value of approximately $5.73 million and a leverage ratio of 25x. The average entry price was $3,106.23, the liquidation price was $3,061, and the current mark price is $3,075. Brother Machi's losses this week have reached $4.79 million.