Stream Finance's xUSD stablecoin collapsed to zero following a $93 million loss, sparking $1 billion in outflows across DeFi platforms. The incident marks the largest stablecoin withdrawal event since the UST collapse in 2022. Protocols including Coinshift, Elixir, and Euler experienced significant total value locked declines, with Euler recording $137 million in bad debt.

Compound Finance suspended its Ethereum-based USDC, USDS, and USDT lending markets on November 6 following a liquidity crisis involving Elixir's deUSD and sdeUSD stablecoins. Stream Finance reported a $93 million loss linked to the exposure, according to risk management firm Gauntlet. Withdrawals for USDC and USDS markets resumed the same day as Compound governance works to restore full operations.

A Columbia University study found that approximately 25% of Polymarket's trading volume over three years was artificially inflated through wash trading, according to blockchain analysis. Researchers identified that 14% of the platform's 1.26 million wallets exhibited coordinated self-dealing patterns. Artificial volume peaked at 60% in December 2023 before declining to 5% by May, with subsequent increases linked to speculation about a potential token launch.

A whale withdrew $114.9 million USDT from Aave's main market, driving the platform's USDT utilization rate to 92.83% and exceeding its optimal threshold. The withdrawal activated Aave's automatic interest rate adjustment mechanism, which increases rates to discourage excessive borrowing and incentivize new deposits.

Cryptocurrency transfers from South Korea to Cambodia surged 1,400-fold in 2024, revealing critical weaknesses in the country's anti-money laundering framework, according to regulatory oversight data. Bithumb processed approximately 12.4 billion won ($9 million) in suspicious transactions, while Upbit handled 366 million won ($271,000). The funds were primarily sent in USDT stablecoins to Huione Guarantee, a Cambodian online marketplace sanctioned by the United States and United Kingdom.

Australian Securities and Investments Commission Chair Joe Longo stated that Australia must embrace tokenization or risk being left behind as distributed ledger technology reshapes global capital markets. Longo announced plans to review and relaunch ASIC's Innovation Hub to better support financial market innovation in the country.

Digital asset markets recorded approximately $500 million in capital outflows this week as Bitcoin fell below $100,000 and the TOTAL2 index declined 9%. While bearish momentum dominated, targeted inflows into Zcash and Solana ETFs indicate investors are reallocating rather than exiting entirely. Derivatives markets saw nearly $4 billion in losses since early November, with 77% attributed to long position liquidations.

Elixir Protocol has discontinued its deUSD synthetic stablecoin after Stream Finance suspended withdrawals. The protocol completed redemptions for 80% of deUSD holders on November 7 and will enable full 1:1 USDC redemptions for remaining balances through an upcoming claims portal. Elixir's exposure to Stream Finance exceeded $68 million, part of Stream's total debt obligations surpassing $285 million across multiple lending partners.