Rhythm Morning Post | Binance may release a new product on November 8; Ava Labs’ large-scale layoffs affect multiple teams, and the marketing department is hit hard
Top News:
1. Binance may release a new product on November 8th;
2. Ava Labs has undergone a large-scale layoff that has affected multiple teams, with the marketing department being hit particularly hard.
3. Report: Binance accounts for over 50% of the CEX market trading volume in 2023;
4. Coinbase will soon stop supporting Bitcoin SV, and users need to withdraw their funds before January 9, 2024.
5. Insider: Proof Group, which has invested in encryption projects such as Aptos and Sui, is participating in the bidding for the FTX restart plan.
Price Observation
INJ surged to $17.99, with a monthly increase of over 130%
On the evening of November 6th, according to market data, INJ surged to a high of $17.99. As of the evening of November 6th at 7:00 pm, the 24-hour increase was 16.16%, and the 30-day increase exceeded 130%.
On the evening of November 6th, according to OKX market data, Ethereum briefly rebounded above $1900.
BTM Short-term Plunge Exceeds 30%
On the evening of November 6th, according to OKX market data, BTM experienced a short-term plunge of over 30%. As of the evening of November 6th at 8:00 pm, the 24-hour decline reached 37.81%.
The Weirdo Ghost Gang floor price increased by over 40% in 7 days.On the evening of November 6th, according to Blur data, the floor price of NFT project The Weirdo Ghost Gang rose more than 40% in 7 days. According to NFTGO.io data, the trading volume of this NFT series increased by more than 146.71% in 7 days. The total market value has rebounded to 2215.73 ETH.
TWT increased by over 18% in 24 hours
On the evening of November 6th, according to Binance market data, TWT rose more than 18% in 24 hours.
BLUR surged and reached $0.3487, with a 24-hour increase of over 25%
On the evening of November 6th, according to OKX market data, BLUR surged to 0.3487 USD. As of the evening of November 6th at 9:00 pm, the 24-hour increase was 25.76%.
BRC-20 token sats briefly surged to touch $0.00000010
On the evening of November 6th, according to market data, the BRC-20 token sats briefly rose to 0.00000010 USD, with a 24-hour increase of 43.89%.
APX 24-hour increase nearly 50%On the evening of November 6th, according to market data, ApolloX (APX) surged to touch 0.0619 US dollars, with a 24-hour increase of 49.69%.
Cryptoadz floor price increased by 100% in 7 days
On November 7th, according to Blur market data, the NFT project Cryptoadz saw its floor price rise to 1.2 ETH, a 100% increase from the previous day. This is also the first time since March of this year that the floor price of the project has exceeded 1 ETH. The total trading volume on November 7th was 354.40 ETH.
TWT rose to $1.7 and then fell back, with a 25% increase in 24 hours.
On November 7th, according to market data, TWT rose to 1.7 US dollars before falling back, with a 24-hour increase of 25%.
Transaction Tracking
Data: DWF Labs extracted 200,000 LQTY from Binance, worth approximately $320,000
On the evening of November 6th, according to Lookonchain monitoring, DWF Labs withdrew 200,001 LQTY tokens (worth approximately $320,000) from Binance.
On November 7th, according to sources cited by CoinDesk, Silicon Valley investment firm represented by Proof Group, as part of the Fahrenheit Consortium, successfully bid for the bankrupt cryptocurrency lending platform Celsius and is now involved in planning to relaunch the former cryptocurrency trading giant FTX.
According to investment bank Perella Weinberg Partners, the multiple proposals submitted for the potential relaunch of FTX have been narrowed down to one of three shortlists. In addition to the potential relaunch, other options being considered include selling the entire trading platform and its 9 million customer list, or bringing in a partner.
Kevin Cofsky, a partner at Perella Weinberg, said last month that the final decision is expected to be made in mid-December. Proof Group is a venture capitalist for multiple cryptocurrency projects, including Aptos, Lightspark, and Sui.
According to reports, other companies interested in Revival FTX include financial technology and digital asset company Figure, which is also part of the NovaWulf team that failed to successfully bid for Celsius. It is reported that venture capital firm Tribe Capital also submitted a bid for FTX.
Viewpoint Data
DWF Labs Venture: Received LQTY but did not participate in its market making, and has conducted many off-exchange derivative transactionsOn November 6th, DWF Labs co-founder Andrei Grachev posted on social media that "not many people (to this day) know, but DWF Labs has conducted many over-the-counter derivative transactions. We can structure them according to the needs of our counterparties. Sometimes we receive spot trades in our trading accounts, like today when we received LQTY. However, we currently do not trade with LQTY and do not make markets. But we have conducted many futures contract transactions."
Coinbase Executive: Over 900,000 ETH Permanently Lost, Worth Over $1.7 Billion
On November 7th, Coinbase executive Conor Grogan stated on social media that, according to his estimate, the total amount of permanently lost Ethereum (ETH) has reached at least 886,000 coins, worth over $1.63 billion.He added some additional addresses he had been wanting to track (including the ETH lost by Prime Trust), which increased the number of permanently lost Ethereum to 909,800, worth over $1.73 billion and accounting for more than 0.75% of the total circulating supply.
Since August 2022, Ethereum has seen its largest inflow of funds, totaling $17.5 million. Other altcoins, such as Solana, had a total inflow of $11 million, while Chainlink had an inflow of $2 million, accounting for 17% of total assets under management. Polygon and Cardano also had inflows of $800,000 and $500,000, respectively.
Report: Binance accounts for over 50% of CEX market trading volume in 2023
On November 6th, 0xScope released the 2023 CEX Market Report. In terms of market trading volume, excluding Coinbase, Upbit and other platforms lacking derivative businesses, Binance accounts for 51.2%, OKX accounts for 13.4%, Bybit accounts for 9.6%, and Bitget accounts for 7%.Regarding spot trading:
Binance's spot trading volume is relatively large, accounting for 52.5% of the total market share.
Upbit ranks second (6.8%), with significant growth in recent weeks;
Coinbase's market share remains stable at 5%-7%.
Regarding derivatives trading in the cryptocurrency industry, Binance holds a market share of 50.9%, making it the leader in this field. The second tier of derivatives trading platforms includes OKX, Bybit, Bitget, and MEXC, which collectively hold a market share of 42.3%.
Nansen: NFT trading volume has steadily increased over the past 5 weeks
On November 6th, the Nansen report stated that as of the week of November 6th, NFT sales reached 68,342 ETH, approximately $129 million. Over the past 5 weeks, NFT trading volume has been steadily increasing, with a bottom of 29,704 ETH, approximately $56 million, as of the week of October 9th.
Blur has the highest share of NFT trading volume in the past 30 days, according to NFTGo data. In the past 30 days, the trading volume of Blur was 161,433 ETH (approximately USD 305 million). Meanwhile, its competitor OpenSea ranked second with a trading volume of 52,307 ETH (approximately USD 100 million).
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