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- 11:37US-listed financial treasury company Sequans confirms the sale of 970 bitcoins to reduce debtOn November 4, according to Investing, the US-listed semiconductor company Sequans Communications (NYSE:SQNS) redeemed 50% of its convertible bonds by selling 970 bitcoins. This transaction reduced the company's total debt from $189 million to $94.5 million. Sequans currently holds 2,264 bitcoins, down from the previous 3,234. Based on current market prices, the company's net bitcoin asset value is approximately $240 million, and the debt-to-net asset value ratio has dropped from 55% to 39%. Company CEO Georges Karam stated: "Our bitcoin asset allocation strategy and firm belief in bitcoin remain unchanged. This transaction is a tactical decision based on current market conditions, aimed at unlocking shareholder value." This debt reduction is expected to enhance the company's previously announced ADS buyback program. Sequans focuses on wireless 4G/5G cellular technology in the IoT sector and earlier this year announced the adoption of bitcoin as its primary asset allocation asset.
- 11:10Data: An entity has almost fully repaid the borrowed 66,000 ETH, earning a profit of $26.9 million.According to ChainCatcher, Onchain Lens monitoring shows that a certain entity has almost fully repaid its borrowed 66,000 ETH, making a profit of $26.9 million. This entity initially collateralized 610.2 million USDC, borrowed 66,000 ETH from Aave V3 (when ETH was priced at $4,032), and transferred it to an exchange. Over the past two days, this whale repaid 64,043 ETH (worth $231.37 million) at an average price of $3,613. The whale still owes 2,022 ETH (worth $7.05 million). This short operation brought the whale a profit of $26.9 million.
- 11:08A certain whale's short position on ASTER currently has an unrealized profit of over $21 million, with total account profits nearing $100 million.According to Jinse Finance, monitored by Lookonchain, after CZ made a high-profile purchase of ASTER, a certain whale increased their short positions on ASTER, with the two wallets currently having a total unrealized profit of $21 million. This whale is also shorting DOGE, ETH, XRP, and PEPE, all of which are in profit. His total profit on Hyperliquid is now close to $100 million.