Selected News:

1. Multiple previously leading currencies have experienced short-term drops of over 10%. Due to significant market fluctuations, investors are advised to manage risks appropriately.

2. Bitcoin fell below $37,000, and the ETH/BTC exchange rate rose by 7.82% within 2 hours;

Within the past 24 hours, the total liquidation across the entire network has surged to 491 million US dollars.

4. Data: The value of $1.18 billion USD BTC and $410 million USD ETH options contracts will expire and settle tomorrow.

5. BlackRock iShares Ethereum Trust successfully registered in Delaware state.

Price Observation

ETH/BTC exchange rate rises to 0.05778, up more than 9% in 24 hoursOn November 10th, according to OKX market data, the ETH/BTC exchange rate rose to 0.05778, with a 24-hour increase of 9.43%.

BlockBeats previously reported that on November 9th, BlackRock iShares successfully registered the Ethereum Trust in Delaware. This marks BlackRock's first step towards applying for a spot Ethereum ETF.

Ethereum breaks $2100, up 11.56% in 24 hours

On November 10th, according to OKX market data, Ethereum broke through $2100 and is currently priced at $2111.89, with a 24-hour increase of 11.55%.

Bitcoin fell below $37,000, and the ETH/BTC exchange rate rose by 7.82% within 2 hours.

On November 10th, according to OKX market data, the ETH/BTC exchange rate increased by 7.82% within 2 hours after the news of "BlackRock successfully registered iShares Ethereum Trust in Delaware" was exposed. Ethereum rose above $2,000 while Bitcoin fell below $37,000, currently priced at $36,867 with a 24-hour increase of 4.71% and a 2-hour decrease of 3%.

Multiple previously leading currencies have dropped more than 10% in a short period of time. The market is volatile, so investors should manage their risks properly.

On November 10th, according to OKX market data, the current cryptocurrency market is experiencing significant fluctuations. Investors are advised to manage their risks properly. In the past 15 minutes:

· NEAR fell by 15.64%, with a current price of $1.37.

· STX fell by 22.54%, with a current price of 0.64 USD.

· ARB's decline reached 16.44%, with a current price of $1.06 USD.

· SUI fell by 15.15%, with a current price of 0.53 USD.

· SOL dropped by 11.51%, currently trading at $44.64 USD.

· LINK's decline reached 10.45%, with a current price of $14.3.

PENDLE surged above $1, with a 24-hour increase of 9.39%.

On November 9th, according to Bitget market data, PENDLE rose and broke through $1, now priced at $1.028, with a 24-hour increase of 9.39%.

GAS short-term breakthrough $22, 24-hour increase of 67%On November 9th, according to OKX market data, GAS briefly broke through $22 and is currently priced at $21.8, with a 24-hour increase of 67%.

ORDI touched $20 and then fell back, with a 24-hour increase of 50%.

On November 9th, according to market data, ORDI fell back after reaching $20, now priced at $18.6, with a 24-hour increase of 50%.

BADGER breaks $4.5, up 60% in 24 hours

On November 9th, according to OKX market data, BADGER broke through $4.5 and is now priced at $4.64, with a 24-hour increase of 60%.

Celsius's plan to transform into a cryptocurrency mining company has been approved by the bankruptcy court and is pending approval from the SEC.

However, Celsius must also obtain approval from the US Securities and Exchange Commission (SEC). If the proposal for the cryptocurrency mining transition falls through, Celsius may turn to liquidation. Judge Martin Glenn urged the SEC to take swift action and decide whether to approve Celsius's plan to exit Chapter 11 and become a publicly traded Bitcoin mining company.

Creditors voted in September to support a plan that will distribute approximately $2 billion worth of Bitcoin and Ethereum to creditors. Under the plan, a new company will be established to operate its mining and staking business, managed by the Fahrenheit Group, which successfully acquired Celsius' assets in a bidding process in May.

CME has become the largest Bitcoin futures trading platform, with a total open interest of $4.08 billion

On November 10th, according to Coinglass data, the open interest of Bitcoin futures contracts on the Chicago Mercantile Exchange (CME) has increased to 111,080 BTC (approximately $4.08 billion), surpassing Binance's 103,900 BTC (approximately $3.83 billion) and becoming the largest Bitcoin futures trading platform.

Upbit: SOL, GMT, RAY, ACS will temporarily suspend deposit and withdrawal services due to network maintenance

On November 9th, Upbit officially announced that maintenance will be conducted on the SOL, GMT, RAY, and ACS networks. During this period, the deposit and withdrawal services for SOL, GMT, RAY, and ACS will be temporarily suspended. Once deposit and withdrawal support is restored, refunds will be processed in order.

Viewpoint Data

In the past 24 hours, the total liquidation amount across the entire network has surged to $491 million.

On November 10th, according to Coinglass data, the total liquidation in the past 24 hours has risen to $491 million, with long positions liquidated at $219 million and short positions liquidated at $273 million.

In addition, with the dramatic fluctuations in the market, the total liquidation of the entire network in the past hour has reached 8.2222 million US dollars, of which the liquidation of long positions is 0.6401 million US dollars, and the liquidation of short positions is 7.5821 million US dollars.

The gas on the Ethereum network has risen to 168 gwei.

On November 9th, according to Etherscan data, the Ethereum network's Gas rose to 168 gwei.

Data: $1.18 billion worth of BTC and $410 million worth of ETH options contracts will expire and settle tomorrow

On November 9th, according to Greeks.live data, 32,000 BTC options will expire tomorrow, with a Put Call Ratio of 0.68, a maximum pain point of $34,000, and a nominal value of $1.18 billion.

22,000 ETH options will expire tomorrow, with a Put Call Ratio of 0.42. The maximum pain point is $1700, with a nominal value of $410 million.

Greeks.live indicates that the main cryptocurrencies have reached new highs this week, with BTC rising to $37,000, driving the IV of the entire term to rise significantly. Currently, BTC Dvol is as high as 65%, and ETH Dvol is also as high as 60%, both creating short-term new highs. The market sentiment is high, and the bullish atmosphere is strong.

CZ: The current market lacks a very user-friendly Web3 wallet, and the biggest limiting factor for encryption is the wallet.

On November 9th, Binance founder CZ stated at the "2023 Istanbul Binance Blockchain Week" that the biggest limiting factor for the adoption and growth of cryptocurrency technology is actually the wallet. Currently, the market lacks a super user-friendly Web3 wallet, and Binance Web3 Wallet will provide services in a secure and simple manner.

Financing Express

Maven 11, a crypto venture capital firm, is seeking to raise $100 million for its third fund.

On November 9th, according to The Block, cryptocurrency venture capital firm Maven 11 is seeking to raise $100 million for its third fund, with the goal of completing the fundraising in the first half of next year. So far, one-third of the total $100 million has been committed by limited partners.

Theta Capital Management is a fund of funds that focuses on cryptocurrency. To date, it has invested over $600 million in the crypto space and is a major investor in Maven 11's third fund.

Lightspeed Faction launches $285 million early-stage crypto fund

On November 9th, according to TechCrunch, Lightspeed Faction, a venture capital firm focused on blockchain, announced the launch of a $285 million early-stage crypto fund. The fund will focus on early-stage blockchain projects that raise seed or Series A funding. The fund was initially planned to raise $250 million, but eventually exceeded its target by 14%. The average investment size is between approximately $5 million and $100 million. Prior to going public, the fund has already invested about 20% of its capital in a few projects, with a deployment period of approximately three years.

Nomura Securities' subsidiary, Laser Digital, launches Ethereum-based fund

On November 9th, according to official sources, Laser Digital, a digital asset subsidiary of Nomura Securities, announced the launch of the Ethereum Adoption Fund for institutional investors. The fund will invest in Ethereum spot long positions and generate returns through Ethereum staking.

Interop Ventures, focusing on the Cosmos ecosystem, has completed a $3.85 million financing round with participation from LBank Labs and others.

On November 9th, according to Coindesk, Interop Ventures, an early-stage venture capital fund focused on investing in the "cross-chain economy," announced the completion of a $3.85 million financing round, with participation from KR1, LBank Labs, and Sunny Aggarwal. The fund will specifically focus on the Cosmos blockchain ecosystem.

Spartan Group announced another investment in Pendle and has purchased tokens through OTC channels.

On November 9th, Spartan Group announced on social media that it has recognized the transformative potential of Pendle and its key role in advancing on-chain yield trading. The company has purchased tokens from Pendle through OTC channels, although the specific amount has not been disclosed. With this strategic investment, Spartan Group will be able to further support Pendle's next steps.

Regulatory News

Nasdaq submits BlackRock Ethereum ETF application to US SECOn November 10th, according to The Block, Nasdaq has submitted a proposed spot Ethereum ETF application called "iShares Ethereum Trust" by BlackRock to the US Securities and Exchange Commission (SEC). The Ethereum ETF will use Coinbase Custody Trust Company as the custodian and will use the CME CF Ether-Dollar reference rate.

In addition, other asset management companies such as Grayscale, Ark Invest, ProShares, and Valkyrie have submitted applications for Ethereum spot ETFs.

BlackRock iShares Ethereum Trust successfully registered in DelawareOn November 9th, according to relevant data, the BlackRock iShares Ethereum Trust was successfully registered in Delaware.

Taipei District Prosecutors Office detained two JPEX Taiwan partners, Chang Tung-Ying, today on suspicion of fraud.

On November 9th, according to The Block, prosecutors from the Taipei District Prosecutors Office in Taiwan detained Chang Tung-Ying, the chief partner of the Taiwan office, and Shi Yu, an affiliated lecturer at JPEX, on charges of violating banking and anti-money laundering laws.

The prosecutor said they instructed the local judicial investigation bureau to conduct investigations at nine locations and subsequently summoned four suspects. One suspect surnamed Liu was released on bail of NT$50,000 (US$1,550), while another suspect surnamed Niu was released after questioning.

Cryptocurrency-friendly Congressman Tom Emmer proposes an amendment aimed at "curbing SEC Chairman's abuse of law enforcement power" in the cryptocurrency industry.

On November 9th, according to The Block, Tom Emmer, a crypto-friendly Republican congressman, recently criticized Gary Gensler, the chairman of the US Securities and Exchange Commission, as "incompetent and incapable", and proposed an amendment to "curb his abusive enforcement actions towards the cryptocurrency industry".

This non-partisan amendment was successfully passed in the House of Representatives yesterday, aiming to prevent the US Securities and Exchange Commission from using funds for cryptocurrency enforcement actions before its regulatory scope is determined by Congress.

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