Selected News:

1. Paypal received a subpoena from the SEC regarding its USD stablecoin PYUSD.

2. Lens Protocol will migrate to the V2 mainnet within 24 hours.

3. Bybit will list TokenFi (Token) at 18:00 on November 3rd.

4. AAVE surged to $101, with a 24-hour increase of 21.66%.

5. Ethereum beacon chain staking total amount exceeded 28 million ETH, with a net inflow of over 8.38 million ETH after Shanghai upgrade.

Price Observation

Due to the impact of Binance's contract launch, CAKE surged above $1.5

On November 2nd, according to market information, influenced by the launch of contracts on Binance, CAKE rose to touch 1.595 US dollars before falling back, and is now priced at 1.505 US dollars, with a rise of over 10% in the past 5 minutes. BlockBeats previously reported that Binance will launch CAKE 1-50x U perpetual contracts on November 2, 2023 at 20:45 (GMT+8).

CELO short-term breakthrough $0.57, 24-hour increase of 18.63%

On November 2nd, according to OKX market data, CELO briefly broke through $0.57 and is currently priced at $0.573, with a 24-hour increase of 18.63%.

AAVE surged to $101 with a 24-hour increase of 21.66%.

On November 2nd, according to OKX market data, AAVE rose to touch $101 and is currently priced at $99.18, with a 24-hour increase of 21.66%.

Transaction Tracking

Wintermute exchanged approximately 320,000 LINK for 3.61 million USDC on Uniswap.

On November 2nd, according to Scopescan monitoring, Wintermute exchanged approximately 320,000 LINK for 3.61 million USDC at related addresses on Uniswap two hours ago.

A certain whale bought 337 WBTC for 12 million USDT 3 hours ago

On November 2nd, according to Lookonchain monitoring, a whale address spent 12 million USDT at an average price of 35,785 USD to purchase 337 WBTC 3 hours ago.

Gateio has released an announcement regarding withdrawal delays: troubleshooting has been completed and withdrawals have resumed.

On November 2nd, according to an official announcement, Gateio stated that the platform experienced withdrawal delays after 7:00 AM (UTC+8) on November 2nd, 2023. This did not affect users' ability to submit withdrawal requests, but processing was delayed. After several hours of technical troubleshooting, the issue has been resolved and withdrawals have resumed. Previously submitted withdrawal requests will be processed normally without the need to cancel or resubmit. It is reported that Gateio will release 100% reserve proof every month starting from November 2023, covering over 100 currencies and gradually expanding to 1000 currencies.

A whale deposited 10,000 ETH, worth about $18.5 million, to Binance one hour ago.

On November 2nd, according to Lookonchain monitoring, a whale deposited 10,000 ETH, approximately $18.5 million, into Binance one hour ago. The whale had previously withdrawn 123,000 ETH from CEX at an average price of $3,672 (approximately $451 million). Afterwards, the whale transferred 83,000 ETH back to CEX at an average price of $2,246 (approximately $186 million), resulting in a loss of approximately $118 million.

2 Whale addresses withdrew 5200 ETH from CEX before the price increase of ETH

On November 2nd, according to Lookonchain monitoring, two whale addresses withdrew 5200 ETH from CEX before the morning's ETH price increase. Among them, 0x421B withdrew 3200 ETH ($5.9 million) from Binance, with a total withdrawal of 28,800 ETH ($53.5 million). 0x78D0 withdrew 2000 ETH ($3.7 million) from Kraken, with a total withdrawal of 11,180 ETH ($20.7 million).

Fantom Foundation attacker sold 4127 ETH during this morning's price increase

On November 2nd, according to Lookonchain's monitoring, the attacker of Fantom Foundation sold 4127 ETH at a price of $1842 during the morning market surge. On October 31st, the attacker transferred 8.3 million DAI to a new address starting with 0x5cDE and exchanged it for 4621.8 ETH.

FTX/Alameda transferred $46 million worth of tokens to Kraken and other trading platforms in the past 7 hours

On November 2nd, according to Spot On Chain monitoring, FTX/Alameda transferred 9 assets worth $46 million to Kraken, Binance, and Coinbase in the past 7 hours. These assets include 500,000 SOL ($21.6 million), 14 million MATIC ($9.3 million), 2,784 ETH ($5.15 million), 810,000 MASK ($2.51 million), 2.1 million SUSHI ($2.37 million), 7.67 million BAT ($1.64 million), 71.6 million GALA ($1.4 million), 650,000 LDO ($1.22 million), and 4.47 million C98 ($842,000). Since October 26th, FTX/Alameda has transferred about $170 million worth of 30 assets.

Project Updates

German asset management company DWS Group is preparing to launch a cryptocurrency ETF for retail investors.

CeFi Information

Bybit will list TokenFi (Token) at 18:00 on November 3rd

On November 2nd, Bybit announced that it will list the Floki sub-token TokenFi (Token) at 18:00 on November 3rd, 2023 Beijing time.

OKX DEX has now integrated Starkgate cross-chain bridge

On November 2nd, according to official sources, OKX DEX has now integrated the Starkgate official cross-chain bridge of the Starknet network. Currently, OKX DEX supports 18 mainstream cross-chain aggregation swap services, providing users with the best cross-chain depth and optimal pricing when exchanging on OKX DEX. It is understood that the OKX Web3 wallet is a heterogeneous multi-chain wallet, and its DEX supports multi-chain cross-chain aggregation swap services, providing the best liquidity for multi-chain and cross-chain scenarios through intelligent routing algorithms. It now covers a wide range of mainstream DEX, public chains, and cross-chain swap services, while also supporting cross-chain swap services between non-EVM systems such as Tron and BTC.

Bitget Swap upgrades "MEV Protection" feature.

On November 2nd, Bitget Wallet (formerly BitKeep Wallet) upgraded its MEV protection mechanism for Ethereum chain transactions. When users conduct token transactions on the Ethereum chain through Bitget Swap, the system will default to enabling "MEV protection" to avoid asset losses caused by "front-running" and "sandwich attacks". As early as the beginning of this year, Bitget Swap had already integrated Flashbots' services to enhance on-chain transaction privacy and security. The "MEV protection" function upgraded this time can also automatically return the MEV income generated by transactions to users by integrating Flashbots' MEV-Share protocol.

dForce announced brand upgrade to UnitusOn November 2nd, the lending agreement dForce announced its official renaming to Unitus. Users do not need to perform any migration operations, and existing lending positions can continue to be accessed and used on the new website unitus.finance.

Binance Full and Cross Margin Leverage Adds TIA, SNT, STEEMOn November 2nd, Binance added TIA, SNT, STEEM assets, and more full and partial margin trading pairs. The newly added full margin trading pairs are AERGO/USDT, JST/USDT, LOKA/USDT, ONG/USDT, POWR/USDT, SNT/USDT, STEEM/USDT, and TIA/USDT. The newly added partial margin trading pairs are SNT/USDT and STEEM/USDT.

Binance launches FLOKI fixed-term product with an annualized yield of up to 35.9%On November 2nd, Binance announced that its Earn platform will launch an exclusive promotion for FLOKI fixed-term products. Users who purchase FLOKI fixed-term products during the promotion period can enjoy a maximum annualized yield of 35.9%. The promotion will start at 18:00 on November 2, 2023 and end at 17:59 on December 2, 2023 (UTC+8). FLOKI products offer three cycle options: 30 days, 60 days, and 120 days, with annualized interest rates of 27.9%, 29.9%, and 35.9%, respectively.

Binance will open Memecoin (MEME) trading at 16:00 on November 3rd.

On November 2nd, Binance announced that it will list Memecoin (MEME) on November 3rd at 16:00 Beijing time, and open MEME/BNB, MEME/BTC, MEME/USDT, MEME/FDUSD, MEME/TUSD, MEME/TRY spot trading pairs for trading.

Binance will launch CAKE 1-50x U perpetual contract

On November 2nd, according to an official announcement, Binance will launch the CAKE 1-50x U perpetual contract on November 2nd, 2023 at 20:45 (GMT+8).

OKX Web3 Wallet and Solana Ecology Week 2 activities are now open

On November 2nd, according to official sources, the OKX Web3 wallet and the second phase of the Solana ecosystem week event have now begun. Through this collaboration, the OKX Web3 wallet will support the continued development of the Solana ecosystem and the establishment of the developer community, and plans to collaborate more deeply with projects in the Solana ecosystem.

Meanwhile, Solana will support OKX Web3 wallet as one of its official wallet partners. In addition, a total of 10 major projects in the Solana ecosystem, including Solend, Helio, Sphere, Penguin Finance, Zeta, Kamino Finance, Francium, Orca, Hawksight, and Tensor, have integrated OKX Web3 wallet and supported its ecosystem development.

肖风：Hashkey will jointly issue stablecoins with Circle Coin Technology and Zhongan Bank

On November 2nd, according to a report by TechFlow, at the "KUN & Hashkey Exchange" strategic cooperation signing ceremony, Dr. Xiao Feng, founder of Hashkey Group, stated in his speech that Hashkey Group will jointly issue stablecoins with Circle Technology and ZhongAn Bank in Hong Kong.

Circle Coin Technology was founded by former Hong Kong Monetary Authority CEO Chen Delin and has obtained a Stored Value Facilities (SVF) license issued by the HKMA. Its five major shareholders include members of ZhongAn Digital Asset Group, a subsidiary of ZhongAn Online (06060), and HashKey Holdings Limited. Circle Coin Technology mainly targets the B2B market, aiming to help trading companies solve cross-border payment problems and manage foreign exchange risks.

Kraken has fixed the issue of delayed cryptocurrency withdrawals and deposits.

On November 2nd, according to an official announcement, the cryptocurrency trading platform Kraken stated that it has completed the repair of the previously discovered issue of cryptocurrency withdrawal and deposit delays.

LSD stablecoin protocol Prisma Finance has now been integrated into OKX Web3 wallet.

On November 2nd, according to the official website, the LSD stablecoin protocol Prisma Finance has now been integrated into the OKX Web3 wallet. Users can use the OKX Web3 wallet plugin to stake wstETH, cbETH, rETH, sfrxETH LSTs to mint stablecoins and earn interest. Prisma Finance's codebase is completely immutable and is a new DeF project focused on unleashing the full potential of LSTs. It is reported that the OKX Web3 wallet is a leading one-stop Web3 gateway that supports 75+ public chains, with unified App, plugin, and web interfaces covering wallets, DEX, DeFi, NFT markets, and DApp exploration in 5 major areas. It also supports Ordinals market, MPC and AA smart contract wallets, gas exchange, and hardware wallet connection, bringing users a convenient and secure user experience.

Hong Kong licensed virtual asset trading platform OSL: APP is expected to go live in November, and will not launch platform coins

On November 2nd, according to Ming Pao, Hu Zhenbang, the Chief Financial Officer of OSL, a licensed virtual asset trading platform in Hong Kong, stated that OSL has completed the development of its app and is expected to launch it in November after completing all security tests. It is unlikely that the platform's token will be launched with the app, but there will be a focus on the application of artificial intelligence.

Binance will perform wallet maintenance on the Bitcoin network at 10:00 on November 3, which is expected to take 30 minutes.

Data: Spark Protocol TVL approaching $780 million, surpassing Venus to become the 4th largest lending protocol

On November 2nd, according to DefiLlama data, the total value locked (TVL) of Spark Protocol, a lending protocol under MakerDAO, approached $780 million, surpassing Venus Protocol, a BNB-based lending protocol, to become the fourth largest lending protocol.

Regulatory News

Paypal received a subpoena from the SEC regarding its USD stablecoin PYUSD.

On November 2nd, according to Reuters, payment company PayPal Holdings (PYPL.O) stated on Thursday that it has received a subpoena from the US Securities and Exchange Commission (SEC) regarding its USD stablecoin. The company launched the stablecoin in August, becoming the first major fintech company to use digital currency for payments and transfers.

The Swiss National Bank and SIX Digital Exchange, along with six banks, have launched a wholesale central bank digital currency pilot.

On November 2nd, the Swiss National Bank, in collaboration with SIX Digital Exchange and six commercial banks, launched a wholesale CBDC pilot program. The pilot project, named Helvetia Phase III, aims to create a tokenized version of the Swiss franc for financial institutions to use in digital securities trading on SDX. The commercial banks involved in this collaboration include Banque Cantonale Vaudoise, Basler Kantonalbank, Commerzbank, Hypothekarbank Lenzburg, UBS, and Zürcher Kantonalbank. The pilot will run from December 2023 to June 2024.

Hong Kong Financial Secretary: Hong Kong will continue to encourage Web3 innovation, and regulatory agencies will soon issue notices regarding intermediaries engaged in tokenized securities activities

On November 2nd, according to The Block, Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, stated that Hong Kong will continue to encourage Web3 innovation. The Hong Kong Securities and Futures Commission will soon release a notice regarding intermediaries engaged in tokenized securities activities and investment products authorized by the Securities and Futures Commission (SFC) to be tokenized. In addition, Hui stated that another area of regulatory focus is exploring how to expand its regulatory authority to cover the buying and selling of virtual assets, not limited to transactions occurring on trading platforms. Meanwhile, the Hong Kong Monetary Authority and the Hong Kong Financial Services and the Treasury Bureau will soon release a joint consultation on the regulatory regime for stablecoin issuers.

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