Trump has accused Venezuelan boat crews of being narco-terrorists. The truth, AP found, is more nuanced

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Trump Has Accused Venezuelan Boat Crews of Being Narco-Terrorists. The Truth, AP Found, Is More Nuanced
Associated Press | 11/08/2025 | Regina Garcia Cano

GÜIRIA, Venezuela (AP) — One was a fisherman struggling to eke out a living on $100 a month. Another was a career criminal. A third was a former military cadet. And a fourth was a down-on-his-luck bus driver.

The men had little in common beyond their Venezuelan seaside hometowns and the fact that all four were among the more than 60 people killed since early September when the U.S. military began attacking boats that the Trump administration alleges were smuggling drugs.

President Donald Trump and top U.S. officials have alleged the craft were being operated by narco-terrorists and cartel members bound with deadly drugs for American communities.

The Associated Press learned the identities of four of the men and pieced together details about at least five others who were slain, providing the first detailed account of those who died in the strikes.

In dozens of interviews in villages on Venezuela’s breathtaking northeastern coast from which some of the boats departed, residents and relatives said the dead men had indeed been running drugs but were not narco-terrorists or leaders of a cartel or gang.

Most of the nine men were crewing such craft for the first or second time, making at least $500 per trip, residents and relatives said. They were laborers, a fisherman, a motorcycle taxi driver. Two were low-level career criminals. One was a well-known local crime boss who contracted out his smuggling services to traffickers.

The men lived on the Paria Peninsula, in mostly unpainted cinderblock homes that can go weeks without water service and regularly lose power for several hours a day. They awoke to panoramic views of a national park’s tropical forests, the Gulf of Paria’s shallows, and the Caribbean’s sparkling sapphire waters.

(Read the full article at apnews.com)

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**Topics:** Crime/Corruption, Foreign Affairs, News/Current Events, War on Terror
**Keywords:** drugs, narcotics, Venezuela

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https://freerepublic.com/focus/f-news/4351549/posts

21Shares Sparks 20-Day Countdown with New Filing for Spot XRP ETF

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**21RP ETF Filing Sets 20-Day Clock: Could XRP Spot ETF Get U.S. Approval?**

The XRP community woke up to significant news this week: 21Shares’ 21RP exchange-traded fund (ETF) filing, a seemingly small legal step that could have an outsized impact on how altcoins reach U.S. investors. What may look like mere paperwork could actually be the final trigger in a long-running race between regulators, issuers, and crypto markets.

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### A Closer Look at the Filing: What Section 8(a) Actually Does

When a company submits an 8(a) amendment, the Securities and Exchange Commission (SEC) begins a 20-day clock. During this period, the SEC can comment, delay, or take no action. If the agency remains silent, the registration automatically becomes effective.

This filing matters because it shortens the waiting game. Instead of enduring another open-ended review, 21Shares is forcing a timeline. The company had initially filed for a spot XRP ETF earlier this year, but the submission lingered while the SEC focused primarily on Bitcoin and Ethereum products.

This new amendment boldly signals to regulators: *“We’re ready — your move.”*

—

### A Tactical Decision

Analysts believe the timing wasn’t random. The filing landed on November 7, just days after renewed optimism around altcoin-based ETFs. With Bitcoin and Ethereum ETFs having already cleared the path, various asset managers are now testing whether that precedent can extend to other tokens like XRP.

If the SEC lets the 8(a) clock expire without action, the 21RP ETF’s legal status would be finalized automatically—even though the token’s regulatory status is still being litigated in court.

—

### Ripple Effects in the Market

#### XRP’s Instant Reaction

Traders didn’t waste any time reacting. Within an hour of the filing hitting the SEC database, XRP surged nearly 5%, jumping from around $2.20 to $2.32. Trading volumes spiked on major exchanges including Binance, Coinbase, and Bybit as speculators piled in. Derivatives desks also saw a boost in new long positions, signaling that the market views this filing as more than just procedural.

Some analysts have called this a “signal flare” moment for XRP—a clear indication that institutional finance is warming up to the token despite years of skepticism.

#### Investor Sentiment Turns Cautiously Optimistic

The shift in sentiment goes beyond just price movements. For years, XRP has occupied a unique middle ground: large enough to matter but too controversial for many institutional investors to touch. The 21RP ETF joins a broader trend of positioning crypto assets less as speculative tools and more as infrastructure—tokens that power payments and liquidity systems.

If this narrative holds, the ETF could attract interest from traders who previously dismissed XRP as a relic of early crypto days.

—

### Broader ETF Landscape: Where 21Shares Fits In

The Swiss-based firm 21Shares is no newcomer to this race, already managing a range of European crypto exchange-traded products (ETPs) and partnering with ARK Invest on multiple U.S. applications. Filing under Section 8(a) demonstrates their willingness to aggressively test U.S. regulatory rules—even at the risk of rejection.

Competitors are watching closely. Industry players like Franklin Templeton and Grayscale have hinted at their own XRP-related ETF strategies. Should 21Shares clear the path first, it could set the blueprint for how future altcoin ETFs are structured—from custody solutions to redemption models.

—

### Potential Custodians and Market Depth

While the filing does not specify a custodian, insiders suggest Coinbase Custody or Anchorage Digital as likely candidates. Both providers are already approved custodians for Bitcoin and Ethereum ETFs.

Liquidity is unlikely to be a concern. XRP frequently ranks among the top five most-traded cryptocurrencies by daily volume, often surpassing $2 billion. However, ETF success depends on more than liquidity—it hinges on how seamlessly authorized participants can create and redeem shares, and whether investors trust the fund’s transparency once trading begins.

—

### Unanswered Questions: Will the SEC Intervene?

The big unknown remains the SEC’s response. The agency can pause the 20-day countdown with a single letter requesting revisions—a move it has employed before with Bitcoin ETF applications.

However, if the SEC remains silent and lets the clock expire, the XRP ETF could become effective by procedural default. This outcome would shake up regulatory precedent and challenge the prevailing assumption that only Bitcoin and Ethereum deserve “spot” ETF treatment.

Some view this as a bold stress test of regulatory boundaries. Others see it as a strategic maneuver to push the crypto ETF conversation forward, even if immediate approval isn’t granted.

—

### What’s Next?

Regardless of the outcome, the coming weeks may prove pivotal for XRP, potentially marking its transition from a long-debated digital token to a regulated, exchange-traded asset available for institutional investors.

—

#### Key Takeaways

– 21RP ETF filing triggers a 20-day SEC clock.
– If the SEC does not act, the ETF could become effective around November 27, 2025.
– XRP surged nearly 5% immediately after the filing amid speculation of U.S. approval.
– The filing signals 21Shares’ aggressive approach to U.S. crypto regulations.
– Success could pave the way for more altcoin ETFs beyond Bitcoin and Ethereum.
– The market reaction shows growing institutional interest in XRP.
– The SEC’s next move remains uncertain, with the filing serving as a potential regulatory test case.

—

*Stay tuned for updates as this historic ETF application unfolds and reshapes the crypto investment landscape.*
https://bitcoinethereumnews.com/tech/21shares-sparks-20-day-countdown-with-new-filing-for-spot-xrp-etf-2/

Why Alabama football offense struggles vs. LSU are ultimately ‘good’ to Ty Simpson

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Alabama football quarterback Ty Simpson didn’t beat around the bush following the Crimson Tide’s 20-9 win against LSU. While the team’s defense held strong, the offense struggled mightily—and Simpson made it clear that was unacceptable.

“I’m going to be brutally honest. That’s not up to our standard,” Simpson said. “Everybody knows that. Offense knows that. That’s why we have a good defense.”

The Crimson Tide struggled to run the ball, generating just 56 yards on 26 carries. Simpson had to shoulder much of the load through the air, completing 21 of 35 pass attempts for 277 yards and a touchdown.

Reflecting on Alabama’s offensive difficulties, Simpson acknowledged that while the performance was unacceptable, it was ultimately a valuable lesson.

“This one is good for us because we need to tell the truth and look in the mirror,” he said. “Offense, we need to pick it up. It’s plain and simple how it is. Starts with me. Starts with our run game.”

Before concluding his press conference, Simpson issued a promise—just as he did after Alabama’s season-opening loss to Florida State.

“We’re going to get it right,” he affirmed. “This week of practice, it’s going to be a great week, I promise you that.”

Looking ahead, Alabama will face Oklahoma at 2:30 p.m. CT on Saturday, Nov. 15, at Bryant-Denny Stadium.
https://www.tuscaloosanews.com/story/sports/college/football/2025/11/08/ty-simpson-addresses-alabama-football-offense-struggles-vs-lsu/86995173007/

Maxey y Embiid conducen a 76ers hacia triunfo 130-120 sobre Raptors

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FILADELFIA (AP) — Tyrese Maxey anotó 31 puntos y Joel Embiid agregó 29 para que los 76ers de Filadelfia vencieran el sábado 130-120 a los Raptors de Toronto.

Trendon Watford tuvo una destacada actuación con 20 puntos, 17 rebotes y diez asistencias, contribuyendo significativamente a la victoria de Filadelfia. Cabe destacar que los 76ers habían perdido los cuatro enfrentamientos contra Toronto la temporada pasada.

Por su parte, RJ Barrett e Immanuel Quickley anotaron 22 puntos cada uno, pero no fueron suficientes para que los Raptors se quedaran con la victoria.

https://www.chicagotribune.com/2025/11/08/maxey-y-embiid-conducen-a-76ers-hacia-triunfo-130-120-sobre-raptors/

Phillip Kubiak Phillip (“Phil”) John Kubiak, 81, of

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**Phillip Kubiak**

Phillip (“Phil”) John Kubiak, 81, of Albuquerque, New Mexico, passed away peacefully at home on October 25, 2025.

He is survived by his wife of 57 years, Jeanne Kathleen Kubiak; his son, Kenneth Scott Kubiak; his daughter, Sarah Kubiak Wolin; and his grandson. He was also survived by his sister Kathy Shulse, brother John Kubiak, and sister Rosemary Fessinger. He was preceded in death by his parents, Harvey and Betty Kubiak.

A Vietnam veteran, Phil served in the New Mexico Air National Guard and dedicated more than 40 years as CEO of Hampstead Hospital in Hampstead, New Hampshire.

Known for his kindness and quiet generosity, he believed actions spoke louder than words.

Phil will be laid to rest at the Santa Fe National Cemetery. Memorial donations may be made to organizations supporting veterans.

Please visit our online guestbook for Phillip at [www.FrenchFunerals.com](http://www.FrenchFunerals.com).
https://www.yahoo.com/news/articles/phillip-kubiak-phillip-phil-john-040800654.html

EXCLUSIVE: International Series Head Rahul Singh opens up on LIV Golf pathway, Asian Tour partnership and more

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**Rahul Singh on the International Series: “We’re Growing the Game and Staying Inclusive”**

The International Series head, Rahul Singh, recently spoke to Sportskeeda at the Moutai Singapore Open 2025, held at the Singapore Island Country Club. He emphasized that the circuit is constantly working to “grow the game,” reaching new countries and audiences each season. The Asian Tour and LIV Golf-sanctioned event, founded in 2022, has made a point of mixing local talent with experienced, world-class players to bridge the gap between different levels of experience.

Interestingly, Singh alluded to the current divide in world golf and reaffirmed The International Series’ commitment to being an “open house” with “no restrictions” for players from any tour. This year’s Singapore event saw the series visit the SICC for the first time, following earlier expansions into India, the Philippines, and Japan. While Singh acknowledged the Asian Tour’s growth post-LIV Golf’s inception, he chose not to comment on the recent format changes in the Saudi-backed series.

Below is the full interview, touching on the inclusive nature of The International Series, LIV Golf’s partnership with the Asian Tour, the Singapore Open, and more.

—

### The International Series Debuts at Singapore Island Country Club

**Q: How’s the tournament looking at SICC this year?**

*Rahul Singh:*
It looks great. The golf course is in fantastic shape. The weather should give us some nice, low scores—always great for spectators. While Thursdays and Fridays in Singapore tend to be a bit quieter, I expect the weekend will draw bigger crowds. The setup is impressive, the field is strong, and perhaps most importantly, we’re seeing the return of both the Singapore Open and The International Series. That’s a big highlight for us, and we’re determined to keep the Singapore Open as part of our calendar going forward. We’re now focused on how best to enhance and grow the event—after all, this used to be considered the “Major of Asia”. Hopefully, in time, we’ll see exemptions and increased prestige return to the event.

—

### Taking the Game to New Venues

**Q: How important is it for The International Series to visit new venues like India, Japan, and the Philippines instead of repeating the same events each year?**

*Singh:*
It’s huge. One of our mandates, through the partnership between LIV Golf and the Asian Tour, is to grow the game—not just by adding prize money or bringing players, but by going into new territories, creating new pathways, expanding our audience, and bringing families and children out to the courses. We’re working to change the perception of golf, especially in Asia, where it’s often seen as an elite sport. In the Philippines for example, we attracted 31,000 spectators, breaking away from the typical small crowds golf used to draw in such markets.

—

### Attracting World-Class Players

**Q: Is the Series always looking to draw more world-class players to new destinations?**

*Singh:*
Absolutely. When we go into markets like India or the Philippines, we know local golf fans want to see the biggest stars up close. Bringing Bryson DeChambeau to India and Dustin Johnson to the Philippines gave fans opportunities they would not normally have. This is massive for audiences and, importantly, for young local players. Imagine a 15-year-old amateur competing in a field with global stars—it’s a motivator, an inspiration, and a career pathway. The presence of international names and meaningful prize money can totally shift how young athletes view golf as a potential future.

—

### Total Inclusivity: Open House Policy

**Q: You have emphasized the Series’ inclusive philosophy. With world golf divided and the PGA Tour banning LIV players, is The International Series open to players from all tours?**

*Singh:*
Absolutely. The International Series is a sanctioned Asian Tour event—we don’t restrict anyone. Our categories are open to the top 300 players worldwide, top local amateurs, major winners, Ryder Cup and Presidents Cup players. We are 100% inclusive. We’ve had Justin Rose play at the Hong Kong Open, and players from across different tours can participate. We are an open house and welcome the best, with no restrictions.

—

### Partnership with LIV Golf and Growth Goals

**Q: The International Series works in conjunction with LIV Golf. Is it now where you envisioned, or is there more growth ahead?**

*Singh:*
It’s definitely still growing. We’re part of a larger LIV Golf ecosystem, which includes 14 league events, 10 International Series events, and the promotions event. Coordination is vital—if International Series events clashed with LIV Golf events, players would have to choose. We work hard to schedule series events before or after LIV Golf events, maximizing both attendance and player participation.

—

### Pathways to LIV Golf

**Q: The International Series Rankings now offer two qualification spots into LIV Golf. Could there be more in future?**

*Singh:*
There are actually two spots from the rankings and two from the promotions event. Around 30 International Series players will have the chance to compete in the promotion event. Our focus is on providing pathways for all players—through Q-School, the Asian Development Tour, the Asian Tour, the International Series, the LIV Golf League, and the Majors. It’s the responsibility of any tour to provide a real, tangible ladder for talent.

—

### LIV Golf’s Recent Format Change

**Q: Any thoughts on LIV Golf’s recent format announcements?**

*Singh:*
That’s best answered by the league. We are a tour-sanctioned series and play 72 holes, so in that sense, we say: welcome to the party.

—

### Standout Asian Golf Nations and New Destinations

**Q: Which Asian golf nation has surprised you the most?**

*Singh:*
The response in the Philippines was overwhelming—over 31,000 turned out, surpassing expectations. India has also been an important and successful stop. Japan has been a significant addition for us. We’re continually looking at both established and emerging golf markets, including destinations like Vietnam and, hopefully one day, Cambodia. In fact, a sponsor wanted to bring the series to Cambodia—an eye-opener for a golf event, given it’s such a new market.

—

### Season Finale in Saudi Arabia

**Q: What are your expectations for the season-ender in Saudi Arabia?**

*Singh:*
It’s going to be highly competitive. The Saudi event carries more ranking points due to its elevated prize money. This week will set things up perfectly for the finale, where a great performance could dramatically shake up the rankings. All the top 10 players have their eyes on the top two spots, so we’re set for an exciting finish.

—

**Conclusion**

The International Series continues to expand golf’s reach across Asia, focusing on inclusivity, opportunity, and excitement in every event. With its commitment to growing the sport and providing new career pathways, the series is set to play a defining role in shaping the future of golf across the region and beyond.
https://www.sportskeeda.com/golf/news-exclusive-international-series-head-rahul-singh-opens-liv-golf-pathway-asian-tour-partnership

Player grades: Tyrese Maxey, Sixers knock off Raptors to end skid

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PHILADELPHIA – The Philadelphia 76ers returned home on Saturday to host the Toronto Raptors, aiming to snap a two-game losing streak. Sporting their 2001 throwback uniforms and court, the Sixers were also looking to start their back-to-back games on a high note against a pesky Raptors squad.

Toronto posed challenges at times during the contest, but led by the stellar play of Tyrese Maxey, Philadelphia secured a 130-120 victory to get back in the win column. Maxey delivered a dominant performance with 31 points, seven assists, and four rebounds to lead the Sixers to a much-needed win and renewed confidence.

Joel Embiid added 29 points, six rebounds, and four assists. Trendon Watford posted a triple-double with 20 points, 17 rebounds, and 10 assists. Kelly Oubre Jr. chipped in 19 points. Off the bench, Quentin Grimes scored 11 points, while VJ Edgecombe contributed 11 points, seven rebounds, and four assists.

Here are the player grades following Philadelphia’s win:

**Tyrese Maxey: A-minus**
The Raptors struggled to contain Maxey throughout the game. Numerous times, the star guard blew past defenders off the dribble and found ways to finish at the basket. He knocked down a couple of crucial three-pointers early to set the tone. Although Toronto managed to slow him down after his hot start, Maxey kept attacking and creating opportunities for himself and teammates. His quickness and sound decision-making led to easy baskets, making him a constant threat.

**VJ Edgecombe: B-minus**
Toronto focused significant defensive attention on Edgecombe to limit his impact, and he initially struggled with this pressure. However, he showed maturity by attacking the glass and finding ways to contribute positively. Edgecombe had several highlight-worthy moments and made some clutch shots down the stretch to provide an offensive spark for the Sixers.

**Kelly Oubre Jr.: B-plus**
Oubre has been a consistent contributor for Philadelphia this season, and he continued that trend in this game. He attacked the basket aggressively, finishing with some acrobatic moves over Toronto’s defenders. Although his three-point shooting faltered, Oubre was efficient inside the paint and helped the Sixers maintain offensive rhythm throughout the game.

**Trendon Watford: A-plus**
Starting in this game, Watford made an immediate impact by doing many of the little things that help teams win in the NBA. He made hustle plays, took on ball-handling duties, ran the offense effectively from the power forward position, and crashed the boards. Watford was highly efficient offensively, made smart post plays, and contributed defensively. As he continues to develop, he will be an invaluable asset for the Sixers.

**Joel Embiid: A-minus**
The Raptors chose to go small to start the game, defending Embiid with the likes of Scottie Barnes and Brandon Ingram. Embiid capitalized on this by utilizing his size, strength, and soft touch around the basket for easy scoring opportunities. Although he missed open three-point attempts and the defense had some lapses leading to easy Toronto buckets, Embiid was mostly a force in the paint. He also made intelligent passing plays when doubled. Overall, Embiid had another efficient offensive night but showed occasional defensive struggles—a mixed yet encouraging performance as he works toward regaining full form.

**Quentin Grimes: B-minus**
Needing momentum in the second quarter, the Sixers got a timely boost from Grimes. With Toronto holding a double-digit lead, Grimes knocked down a couple of crucial triples to shift momentum in Philadelphia’s favor. The bench unit had its ups and downs overall, but Grimes delivered key moments that helped spark the team.

**Andre Drummond: B-plus**
Philadelphia relied on Drummond in the first half, where he pulled down rebounds and moved well defensively. Called upon again in the second half, the veteran delivered important defensive plays and scored after battling inside with the Raptors. Drummond continues to make a strong case as Philadelphia’s primary backup big man.

**Justin Edwards: C-minus**
The second-year guard showed some defensive promise but committed a turnover early in his minutes that led to a Raptors bucket. He did contribute on offense with a corner three-pointer in the second half to help keep the Sixers’ scoring momentum alive.

**Jabari Walker: C-plus**
Walker continues to play within his role, focusing on team-first basketball. While his three-point shot is yet to fall consistently, Philadelphia will maintain confidence in him and provide minutes to help him find his rhythm.

**Adem Bona: D-plus**
Bona’s initial minutes included an offensive foul and some defensive lapses. He showed aggression on the glass, which is a positive, but overall, it was a tough night for the young big man.

—

The 76ers’ victory over the Raptors marked a positive step in ending their skid and building momentum as they continue their season. With strong performances from Maxey, Watford, and Embiid, Philadelphia has reasons to feel optimistic moving forward.
https://sixerswire.usatoday.com/story/sports/nba/sixers/2025/11/08/player-grades-tyrese-maxey-sixers-knock-off-raptors-to-end-skid/87175817007/

Christy receives ATHENA Young Professional Leadership Award

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Alysia Christy, 39, has been named the recipient of the prestigious ATHENA Young Professional Leadership Award.

This award recognizes outstanding leadership and professional achievement among young professionals.

Congratulations to Alysia on this well-deserved honor!

https://www.ourmidland.com/news/article/alysia-christy-athena-award-21148232.php

Lista DAO Faces Vault Liquidation as Utilization Hits 99%

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**Lista DAO’s Lending Vaults Hit 99% Utilization, Triggering Forced Liquidation Across Key Markets**

The DeFi space just witnessed another tense moment as Lista DAO’s lending vaults, managed by MEV Capital and Re7 Labs, reached 99% utilization. This critical threshold triggered a forced liquidation across key markets, raising alarms throughout the decentralized finance ecosystem.

If you have funds deposited across DeFi lending protocols, this is a moment to stay alert. Utilization rates across multiple platforms are now above 90%, signaling tightening liquidity and rising risks.

—

### The Warning Signs Before the Liquidation

Lista DAO confirmed that it had been closely monitoring both the @MEVCapital USDT Vault and @Re7Labs USD1 Vault. Collateral assets USDX and SDX were experiencing abnormally high borrowing rates coupled with no repayment activity for several days.

As an on-chain peer-to-peer (P2P) lending protocol, Lista Lending actively engaged both teams to address the worsening situation. However, with borrowing costs spiraling and repayment volumes stalled, the DAO had little choice but to take decisive action.

—

### Emergency Vote Triggers Forced Liquidation

Late on Thursday, @lista_dao initiated an emergency one-hour vote (LIP-022) to authorize a forced liquidation of the USDX/USD1 market. This move came in response to the rapidly rising borrowing rates and frozen repayment flows within the vaults operated by MEV Capital and Re7 Labs.

Governance participants quickly cast their votes, with an overwhelming consensus in favor of liquidation.

> “With the ongoing vote showing an overwhelming consensus for YES on LIP-022, we have proceeded with the liquidation process to minimize uncertainty and safeguard the protocol,” Lista DAO shared in an update on X.

The DAO urged both MEV Capital and Re7 Labs to act swiftly and cooperatively to stabilize the ecosystem and protect user assets.

—

### Coordinated Effort with Re7 Labs

Lista DAO credited Re7 Labs for their proactive steps in acting in users’ best interests and their transparency throughout the liquidation process.

> “We’ll continue working together toward a smooth and transparent resolution. Their professionalism and openness have been key for the community,” the DAO stated.

The liquidation was actively underway and nearly complete at the time of reporting, with final settlement data still under verification.

—

### Inside the Liquidation: What Happened

The liquidation process involved several coordinated steps aimed at unwinding risk and recovering funds:

1. **Liquidation Process:** Nearly all debt positions have been processed, with only a small portion pending verification.

2. **Penalty Fees:** A share of liquidation penalty fees has been automatically collected under Lista DAO’s account. These funds will later be used to repurchase collateral once calculations are finalized.

3. **Public Liquidation Pool:** Remaining unliquidated positions have been moved to a public liquidation pool, opening participation to the broader community.

4. **Rate Adjustment:** The USDX/USD1 market interest rate was adjusted to 3% to prevent accrual of unnecessary interest while the liquidation is ongoing.

—

### Re7 Vault (USDX Market) — The Numbers

According to official data released by Lista DAO at 20:57 UTC+8 on November 6, 2025, the liquidation activity in the Re7 Vault (USDX Market) showed significant movement:

– **Flash Loan Liquidation:** 3,526,011 USDX liquidated
– **Recovered Funds:** 2,927,163 USD1 recovered
– **Penalty Fees:** Due to oracle price adjustments, a wider price gap led to higher penalty fees. A total of 474,798.48 USD1 was collected as penalties, which will be used to repurchase collateral as part of the recovery process.
– **Remaining Vault Debt:** Approximately 2,090,459.901 USD1 has been moved to the public liquidation zone, now open for anyone to participate.

—

### Market Fallout: USDX Depegs to $0.3887

The forced liquidation triggered immediate market turbulence. USDX, the stablecoin tied to the affected vault, depegged to $0.3887 according to on-chain data.

This sharp drop caught the attention of traders and notably one whale. Wallet address 0xe454, frequently tracked by on-chain analysts, spent 800,000 USDT to purchase 933,241 USDX at an average price of $0.8572 shortly after the depeg was noticed.

The whale had already acquired 1.4 million USDX a week earlier and submitted the entire batch for redemption. If the redemption is successful, this trader stands to make approximately $135,000 in profit— a bold play amid highly volatile conditions.

However, three hours later, no confirmation of a successful redemption had been received, raising questions about possible processing delays or liquidity constraints.

—

### Lista DAO Reassures Users

In its latest updates, Lista DAO reassured users that fund and collateral recovery remain top priorities. The DAO emphasized that liquidation penalty fees and recovered assets would be strategically redeployed to buy back collateral and stabilize market activity.

Re7 Labs has continued to provide technical support, while community members are encouraged to participate in the public liquidation pool to help clear remaining positions.

> “This is a collective effort to restore stability. The process is transparent and ongoing,” the DAO added.

—

### A Broader Warning for DeFi

While Lista DAO’s situation is currently being managed, the event highlights a larger concern within decentralized finance: liquidity strain and over-leveraged vaults.

With utilization rates on many DeFi platforms exceeding 90%, similar risks may arise elsewhere. Analysts warn that tight liquidity can amplify depeg events, trigger forced liquidations, and severely test the resilience of lending protocols.

The message is clear: monitor utilization levels closely, follow vault activity, and ensure collateral positions remain within safe thresholds.

—

### What’s Next?

As the liquidation wraps up, all eyes remain on the USDX redemption process and whether Re7 Labs and MEV Capital can fully restore peg stability.

For now, Lista DAO’s swift response and transparent communication have helped contain panic and maintain community trust. Nonetheless, this incident serves as a stark reminder of how quickly conditions can deteriorate within DeFi markets.

—

**Disclaimer:** This article is for informational purposes only and does not constitute trading or investment advice. Always conduct your own research before buying any cryptocurrency or investing in any financial services.
https://themerkle.com/lista-dao-faces-vault-liquidation-as-utilization-hits-99/

No people thought unaccounted for as UPS cargo plane crash toll stands at 14, Louisville mayor says

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LOUISVILLE, Ky. — The number of victims from the UPS cargo plane crash has been confirmed at 14, with no one believed to be missing, Louisville Mayor Craig Greenberg announced Saturday.

The 13 victims found at the crash site matched the total number of missing persons reported to police, Greenberg stated in a post on X. “We believe the total number of victims will be 14,” including one individual who died Friday in a hospital, he added.

The Jefferson County coroner is working to identify the victims and will release their names as soon as the identifications are confirmed.

The crash occurred Tuesday at UPS Worldport when an MD-11 cargo plane bound for Honolulu went down. The three pilots onboard were killed. According to reports, a large fire developed in the left wing, and an engine separated during takeoff, causing the plane to crash into nearby businesses.

Following the accident, both UPS and FedEx decided on Friday to ground their fleets of MD-11 aircraft as a precautionary measure. MD-11 planes make up about 9% of UPS’s airline fleet and 4% of FedEx’s fleet.
https://www.clickorlando.com/business/2025/11/09/no-people-thought-unaccounted-for-as-ups-cargo-plane-crash-toll-stands-at-14-louisville-mayor-says/