Selected News:

1. The lightning network protocol Nostr Assets Protocol saw significant increases in both currencies today.

2. Pyth Network: PYTH airdrop will distribute approximately 55 million tokens to DeFi users.

3. Binance Labs Operations Director: Currently more focused on supporting startups that already have actual products and revenue;

4. Data: With the ETF application window period coming to an end, the inflow of funds for Bitcoin ETP has reached a historic high;

5. The US SEC has postponed its decision on the registration of Hashdex Bitcoin Spot ETF and Grayscale Ethereum Futures ETF.

Price Observation

Mad Labs floor price breaks 100 SOL, 24-hour increase of 28%On November 16th, according to Magic Eden market data, the floor price of NFT Mad Labs in the Solana ecosystem rose to 102.4 SOL (approximately $6,656), with a 24-hour increase of 28%.

ORDI broke through $24.9 this morning, with a 24-hour increase of 8.55%.

On November 16th, according to OKX market data, ORDI broke through $24.9 this morning and is currently priced at $24.35, with a 24-hour increase of 8.55%.

JOE surged above $0.44, with a 24-hour increase of 23.9%.

On November 15th, according to OKX market data, JOE rose above 0.44 US dollars, with a current price of 0.4405 US dollars and a 24-hour increase of 23.9%.

闪电网络协议 Nostr Assets Protocol 双币今日均出现较大幅度上涨

Translation:

Nostr Assets Protocol, a lightning network protocol, saw significant increases in both currencies today

On November 15th, according to NostrAssets data, Bitcoin Lightning Network Nostr Assets Protocol's dual currency TRICK and TREAT both saw significant increases. Currently, TRICK is trading at 355 sats, equivalent to approximately 0.1287 USD, while TREAT is trading at 425 sats, equivalent to approximately 0.1541 USD.

ARKM short-term breakthrough $0.61, 24-hour increase expanded to 27%On November 15th, according to market data, ARKM broke through $0.61 in the short term due to the announcement of investment from Binance Labs. It is currently priced at $0.579, with a 24-hour increase of 27%.

Binance IEO sector tokens see a general rise, with ARKM up over 20% in 24 hoursOn November 15th, according to market data, Binance LaunchPad project tokens experienced a general rise in prices. Among them:

ARKM has increased by 23.56% in the past 24 hours and is currently priced at $0.55 USD.

EDU 24-hour increase of 19.8%, currently priced at 0.62 USD;

ID 24-hour increase 14.63%, current price 0.29 USD;

HOOK 24-hour increase of 9.26%, with a current price of 1.04 USD.

SOL surged back above $60, with a 24-hour gain of 16%On November 15th, according to OKX market data, SOL rose back above $60, with a current price of $60.71 and a 24-hour increase of 16%.

Transaction Tracking

Polygon official address distributed 217 million MATIC to 70 addresses in the past 12 hours, worth approximately 199 million US dollars.

On November 16th, according to on-chain analyst Yu Jin's monitoring, an address labeled as Polygon: Ecosystem Growth distributed a total of 217 million MATIC tokens (approximately $199 million) to 70 addresses within the last 12 hours.

Yu Jin said that most of these addresses received the same amount of MATIC from the Polygon: Ecosystem Growth address a year ago.

TRB's largest holder transferred 50,000 TRB to Binance

On November 15th, according to The Block, Binance Japan plans to relist 13 tokens, bringing the total number of supported cryptocurrencies to 47. Binance stated that this number currently makes it the exchange platform with the highest number of supported assets in the country.

K33 Research senior analyst Vetle Lunde and Vice President Anders Helseth stated that, in addition to the inflow of Bitcoin ETP, the continued high exposure of CME indicates strong institutional demand for Bitcoin as the deadline for the latest Bitcoin spot ETF from the US Securities and Exchange Commission approaches.

Analysts say that the narrow window for approving all current Bitcoin spot ETF applications will end on Friday, November 17th. This deadline specifically involves applications from Hashdex and Franklin. However, if the SEC wants to approve all applications at once, this window is an opportunity to make that decision. Once the window passes, although Global X ETF still has a final deadline (November 21st), all current applications will no longer be able to be approved simultaneously. In this case, the momentum of the cryptocurrency market may slow down as it may take several weeks to wait for significant news related to ETFs.

Financing Express

Kinetix Network has completed strategic financing of millions of dollars, led by Factor and Gnosis Chain

On November 16th, according to CoinDesk, decentralized cross-chain trading platform Kinetix Network announced the completion of a round of strategic financing worth millions of dollars, led by Factor and Gnosis Chain.

It is reported that Kinetix plans to launch its public testnet on Gnosis Chain in early next year, which is expected to last for three months. The testing phase aims to identify errors and improve user experience.

Compound founder's new company Superstate completes $14 million financing, led by CoinFund and Distributed Global

On November 15th, according to Coindesk, Superstate, a blockchain-based asset management company, completed a $14 million financing round. The round was led by CoinFund and Distributed Global, with participation from Arrington Capital, Breyer Capital, CMT Digital, Department of XYZ, Folius Ventures, Galaxy Digital, HackVC, Modular Capital, Nascent, and Road Capital Management.

Superstate focuses on developing regulated and compliant investment tools using public blockchains accessible to US investors. The company is led by Robert Leshner, founder of DeFi lending platform Compound, and has designated funds for team expansion, creating private funds for institutional investors, and developing a framework for tokenized public funds.

Financial technology company CFX Labs completes $9.5 million seed round financing, with participation from Shima Capital and others

On November 15th, according to Coindesk, the US fintech company CFX Labs announced the completion of a $9.5 million seed round of financing. This round of financing was participated by Shima Capital, Decasonic, Antalpha, CMT Digital, Corazon Capital, Kraken Ventures, New Form Capital, and Metropolitan Capital Bank & Trust. The funds from this round of financing will be used to expand its stablecoin payment and remittance network based on the Solana blockchain.

It is reported that CFX Labs' payment network allows people to use the company's proprietary stablecoin fxUSD and the Solana (SOL) blockchain as a payment channel for transactions, sending and receiving legal US dollars to countries such as India, Mexico, and Nigeria overseas.

Circle strategically invests in Sei Network to support the launch of native USDC on the network.

On November 15th, according to a report by Fortune, USDC issuer Circle has strategically invested in Sei Network to support the native USDC launch on the network.

Circle's investment will enable Sei to integrate USDC with its growing suite of applications, such as the popular decentralized exchange Sushiswap.

Circle Ventures' leader Wyatt Lonergan stated: "We look forward to working closely with the Sei team to integrate USDC for developers and users, enabling fast and cost-effective transactions on the network."

Digital asset brokerage company VersiFi announced that it has raised $10 million in funding from Hunting Hill Global Capital, with former Genesis executives joining as co-CEOs.

On November 15th, according to Bloomberg, digital asset brokerage company VersiFi announced that it has raised $10 million in funding from Hunting Hill Global Capital. Martin Garcia, former Managing Director of Trading and Loans at Genesis Global, has joined VersiFi as Co-CEO and will lead the expansion of this digital asset brokerage company's services.

Layer2 network Kinto announces completion of two rounds of funding totaling $5 millionOn November 15th, according to Coindesk, Ethereum Layer2 network Kinto completed a $3.5 million financing round. The round was led by Kyber Capital Crypto, Spartan Group, and Parafi, with participation from SkyBridge Capital, Kraynos, Soft Holdings, Deep Ventures, Modular, Tane, and Robot Ventures.

In addition, Kinto stated that the project had received a pre-seed investment of $1.5 million from Kyber Capital Crypto earlier this year.

According to official introduction, Kinto is a Layer 2 network built on OP Stack, aiming to become the first KYC Layer 2 that can support both modern financial institutions and decentralized protocols.

Binance Labs announced investment in Arkham token ARKM

On November 15th, according to official sources, Binance Labs announced an investment in the cryptocurrency data tracking platform Arkham's token ARKM, with the specific amount currently undisclosed.

Regulatory News

The judge rejected FTX lawyer's motion to postpone the bankruptcy proceedings to "investigate why FTX went bankrupt"

On November 16th, according to The Block, FTX's proxy lawyer Lawrence Gebhardt requested that the Delaware court postpone the bankruptcy proceedings "for a month or two" to investigate how FTX went bankrupt.

Judge John Dorsey rejected the motion and stated, "If this discovery is truly as complex as people say, then the bankruptcy proceedings need to start now, not be delayed."

FTX has been approved by the court to pay over $2 million in legal fees to non-US creditors

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