Selected News:

1. LINK, MATIC, and AAVE are among the top Smart Money inflows in the past 24 hours.

2. LSD protocol token sees a general increase in value, with LDO experiencing a 24-hour surge of over 20%.

3. IntoTheBlock: 75% of Ethereum holders are currently in a profitable state;

4. Binance will stop accepting Russian Ruble deposits on November 15th, and withdrawals will continue until January 31st of next year.

5.47 countries have committed to implementing a cryptocurrency asset reporting framework by 2027.

Price Observation

HIFI short-term breakthrough $1.2, up more than 62% in 24 hoursAccording to market data, HIFI has broken through $1.2 in a short period of time and is currently priced at $1.1786, with a 24-hour increase of 62.19%.

STORJ breaks $0.9, with a 24-hour increase of 30.89%According to OKX market information, STORJ has broken through $0.9 and is now priced at $0.9215, with a 24-hour increase of 30.89%.

FTT short-term breakthrough $3, 24-hour increase of 75.45%According to market data, FTT has broken through $3 in the short term and is currently trading at $2.9936, with a 24-hour increase of 75.45%.

GAS short-term breakthrough $28, 24-hour increase of 30.4%According to OKX market information, GAS has short-term breakthrough of $28 and is currently priced at $28.169, with a 24-hour increase of 30.4%.

LINK、MATIC、AAVE are among the top Smart Money inflows in the 24-hour ranking.

According to Nansen 2 data, the Smart Money 24-hour Ethereum network fund inflow tracking list is as follows: ETH and its liquid staking derivative tokens (such as stETH): approximately 223.9 million US dollars, currently priced at 2123 US dollars, with a 24-hour increase of 4.33%; LINK: approximately 7.005 million US dollars, currently priced at 14.405 US dollars, with a 24-hour decrease of 4.61%; MATIC: approximately 3.092 million US dollars, currently priced at 0.85 US dollars, with a 24-hour increase of 2.52%; AAVE: approximately 2.129 million US dollars, currently priced at 99.27 US dollars, with a 24-hour decrease of 0.98%.

LSD protocol token surges, LDO up over 20% in 24 hours

According to market data, the LSD protocol token has seen a general increase in value due to the news of BlackRock's registration of an Ethereum trust.

LDO is now priced at $2.4, with a 24-hour increase of 20.1%; RPL is now priced at $31.95, with a 24-hour increase of 18.4%; PENDLE is now priced at $1.16, with a 24-hour increase of 21.12%; SSV is now priced at $20.65, with a 24-hour increase of 26.1%.

Data: Yesterday's Ordinals rune cost exceeded 80 BTC, reaching a new high in nearly half a year.

According to data from Dune, the cost of Ordinals inscription reached 82 BTC on November 9th, setting a new high since mid-May.

Transaction Tracking

Vitalik transferred 50 ETH to Coinbase address

According to Scopescan monitoring, Vitalik's address (vitalik.eth) transferred 50 ETH to Coinbase 5 minutes ago.

Justin Sun deposited 580 ETH into Binance.

According to Spot On Chain monitoring, Justin Sun has just deposited 580 ETH (worth $1.23 million) into Binance and transferred 30 ETH (worth $63,700) to a new wallet.

Pai Dun: 1000 ETH transferred to Tornado associated with address marked as "Fake_Phishing186943"

According to Paidu Shield's monitoring, an address associated with "Fake_Phishing186943" transferred 1000 ETH to Tornado.

Previously, the address obtained 4,850 rETH and 9,575 stETH through a phishing attack.

A certain whale has been buying 14,599 BTC since the beginning of the year, with a floating profit of over $126 million.

According to Lookonchain's monitoring, a whale has been accumulating BTC since January 17th, and has now accumulated 14,599 BTC (536.6 million US dollars), with an average purchase price of approximately 28,071 US dollars. The current profit has exceeded 126 million US dollars.

Cryptocurrency mining company Bitfury sells 10 million shares of Cipher Mining common stock at a price of $2.95 per share

Bitfury Group, a cryptocurrency mining company, announced that it has sold 10 million shares of Cipher Mining common stock in a private negotiated transaction at a price of $2.95 per share. Following the completion of the transaction, Bitfury will hold 191,931,387 shares of Cipher, representing approximately 75.37% of Cipher's outstanding common stock.

Bitfury has signed a 60-day lock-up agreement for its remaining holdings of Cipher common stock, under which the company is prohibited from selling or transferring any common stock before January 15, 2024. Cipher is a Bitcoin mining company based in the United States and operated as a subsidiary of Bitfury until August 27, 2021.

Shield: FTX transfers 750,000 SOL, worth $33 million

According to Pai Shield's monitoring, an address marked as FTX sent 750,000 SOL (worth $33 million) to an address starting with 4Axqyo 8 hours ago and received 28,500 USDC.

DWF Labs sends 9 million OM tokens to GSR at the specified address

According to Scopescan monitoring, DWF Labs has just sent 9 million OM tokens worth $203,000 to GSR at the related address.

A whale who previously increased their holdings of ETH at an average price of $3,672 has deposited 30,000 ETH into Binance, potentially resulting in a loss of $183 million.

According to Lookonchain's monitoring, after the significant increase in ETH price, a certain whale deposited 30,001 ETH (approximately $63.3 million) into Binance.

The whale once withdrew 123,000 ETH (approximately $451 million) from the trading platform at an average price of $3,672 per ETH. In the previous bull run, it deposited 83,000 ETH (approximately $186 million) into the trading platform at a price of $2,246 per ETH. With the latest incoming data, the entire transaction may have incurred a loss of $183 million.

Project Updates

Avalanche launches accelerator Codebase for early founders, registration officially opens on November 27th.

According to official sources, Avalanche has announced the launch of an accelerator called Codebase, aimed at early founders. The program will last for 12 weeks and will focus on product, engineering, go-to-market, operations, organizational development, and fundraising. The first batch will select 15 startups, each of which will receive a $50,000 grant to focus on building during the program.

Participants will have the opportunity to compete for a $400,000 investment pool on Demo Day. Currently, Codebase has opened pre-registration, with official registration opening on November 27th. The application period will end on February 12th, 2024, and the winners will be announced on March 18th.

Distributed validator technology provider Obol Labs mainnet public beta will be launched on December 1st

Distributed validator technology provider Obol Labs announced that its mainnet public beta will officially launch on December 1, 2023. During the beta period, Mainnet DV Launchpad, Obol SDK, and Obol Splits will be available. Users can access Obol DV Launchpad and set up DV clusters.

DWF Lab has reached a partnership with decentralized identity solution Litentry.

According to the official blog, DWF Labs has announced a partnership with decentralized identity solution Litentry to accelerate the development of decentralized identity management and the Web3 ecosystem. Litentry recently launched IdentityHub, which provides an open, user-generated, and verifiable identity system for Web3 applications.

Aptos Foundation and South Korea's largest theme park Seoul Land have reached a cooperation agreement.

According to official sources, Aptos Foundation will join forces with South Korea's largest theme park and media group, Seoul Land, to redefine the K-Contents fan experience.

It is reported that Seoul Land and RXMeta are connecting the former's IRL activities and attractions with Web3 to expand the Seoul Land universe globally. In addition, RXMeta is set to launch the NFT ticketing service Bloom, developed based on Aptos.

Sushi launches Smart Pools, improving capital efficiency with v3 automated liquidity management

Sushi has announced the launch of Smart Pools, featuring v3 automated liquidity management, combining v2 Pool & Chill with v3 capital efficiency for higher yields, no need for manual rebalancing, and increased liquidity concentration.

Thai Prime Minister: Cash handout plan is not cryptocurrency, but digital tokens

The Thai Prime Minister, Srettha, stated that the cash handout plan in Thailand is not a cryptocurrency, but a digital token. The plan will end in April 2027 and will not affect inflation. (Jin10)

Data: L2 TVL reached 13.63 billion USD, with a 7-day increase of 15.07%

According to L2BEAT data, the total value locked (TVL) in Ethereum Layer2 currently stands at $13.63 billion, with a 7-day increase of 15.07%. The top five locked amounts are:

Arbitrum One (US$7.56 billion, 14.57% increase on the 7th).

OP Mainnet (US$3.48 billion, 7-day increase of 19.4%);

Base (US$607 million, up 7.82% on the 7th).

dYdX (USD 373 million, down 1.39% in 7 days).

Roblox CEO: Limited edition NFT products may be launched as part of the ecosystem in the future

The CEO of the metaverse platform Roblox, David Baszucki, stated in an interview with CNBC that limited edition NFT products may be released as part of the open ecosystem in the future. (Decrypt)

Galaxy Digital Holdings Ltd. has disclosed its latest financial results, with a net loss of $94 million in Q3, a significant increase from the $68 million loss in the same period last year. This number also increased from the $46 million loss recorded in the second quarter. Additionally, it is worth noting that as the market has warmed up, Galaxy Digital turned a profit in October, with pre-tax revenue reaching $124 million and trading revenue reaching $24 million.

Data: The value of FTT tokens held by FTX/Alameda has risen to $427 million

According to The Data Nerd's monitoring, with the recent 225% increase in FTT price over the past two days, the 267 million FTT tokens (76% of total supply) held by FTX/Alameda are now worth $427 million. Additionally, as of now, FTX/Alameda has not sent the FTT tokens they hold to any trading platform.

The total market value of cryptocurrencies across the entire network has risen above $1.45 trillion, approaching the total market value of Amazon.

According to Coingecko data, the total market value of cryptocurrencies across the entire network has rebounded to $1.451 trillion, with a 24-hour increase of 3.6%, approaching the total market value of Amazon ($1.453 trillion).

The current total market value of Bitcoin is 716.4 billion US dollars, and the total market value of Ethereum is 253.9 billion US dollars.

Financing Express

Encryption data analysis company Block Scholes completes $3.3 million financingAccording to The Block, Block Scholes, a London-based cryptocurrency data analysis company, has completed a $3.3 million funding round with participation from Record PLC, Investcorp, Dair Capital, Saison Capital, CoinSwitch, and FunFair Ventures. The funding will be used to expand the team and develop products.

Block Scholes was launched in 2021. The company has stated that it provides cryptocurrency data services to institutions such as hedge funds, banks, and exchanges.

Galactic Holdings has completed a $6.2 million Series A financing round, led by Galaxy Interactive and Dragonfly.

The digital financial enterprise Galactic Holdings announced that it has recently completed its Series A financing round, with a total amount of 30.5 million Brazilian reals (approximately 6.2 million US dollars). The financing was led by Galaxy Interactive and Dragonfly, with participation from multiple institutions including SHK.

Capital injection will further promote the development of TruBit wallet, TruBit Pro exchange and MMXN stablecoin, among other sub-brands under Galactic Holdings, in the Latin American market, while accelerating the expansion of cross-border payment services in other countries. (Cointelegraph)

The encryption chip company Ingonyama announced the completion of a $20 million seed round of financing, with Walden Catalyst, the main investor of AI21 Lab, leading the investment, and Geometry, BlueYard Capital, Samsung Next, Sentinel Global and others participating in the investment.

It is reported that the first chip from the chip company Ingonyama is a programmable parallel computing processor similar to a GPU, but designed specifically for accelerating advanced encryption, and is dedicated to zero-knowledge proof and fully homomorphic encryption. Before the chip is ready, the company is working with GPUs to develop open-source software that efficiently runs the same cryptography. (Calcalistech)

Regulatory News

47 countries have committed to implementing a cryptocurrency reporting framework by 2027.

According to Cointelegraph, 47 governments issued a joint statement on November 10th, incorporating the Cryptocurrency Asset Reporting Framework (CARF) into their domestic legal systems, which is a new international standard for automatic exchange of information between tax authorities.

The Organization for Economic Cooperation and Development (OECD) released CARF in 2022. The CARF framework was developed based on the authorization of the G20 in April 2021, which requires reporting on the types of cryptocurrency and digital asset transactions, whether through intermediaries or service providers.

Plan to launch exchange protocols before 2027 for information exchange. The widespread, consistent, and timely implementation of CARF will further enhance the ability to ensure tax compliance and combat tax evasion, which will reduce public revenue and increase the burden on taxpayers.

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