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Daily Legal Evening News | Avalanche ecosystem tokens see a general increase; Nostr Assets Protocol is considering an airdrop to selected BRC20 and Ordinal series holders.

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November 16th Cryptocurrency Industry Important News Overview, GN!

Selected News:

1. Avalanche ecosystem token prices have surged, with AVAX rising over 77% in the past 7 days;

2. Nostr Assets Protocol is considering launching an airdrop to selected BRC20 and Ordinal series holders;

3. HashKey: Has submitted four token listing applications to the Hong Kong Securities and Futures Commission;

4. Solana ecosystem aggregator Jupiter will distribute the first round of airdrops to 955,000 wallets next week;

5. Data: Yesterday's Bitcoin NFT trading volume hit a new historical high, reaching $18.56 million.

Price Observation

MUBI 24-hour surge over 122%, currently trading at $0.01385

According to market data, the ERC20 and BRC20 cross-chain protocol token MUBI has surged to 0.01385 USD, with a 24-hour increase of 122.17%.

Aevo 上 PYTH 期货价格暂报 0.405 美元，24 小时涨幅 16.17%

Translation:

The PYTH futures price on Aevo is currently reported at $0.405, with a 24-hour increase of 16.17%.

According to data from the options trading platform Aevo, the PYTH futures price is currently reported at $0.405, with a 24-hour increase of 16.17%.

The 24-hour trading volume reached $44,016.17, and the current open interest is $19,396.39.

Avalanche ecosystem token prices rise across the board, with AVAX up over 77% in 7 daysAccording to Coingecko data, the ecosystem tokens of Avalanche have seen a general uptrend, including:

AVAX saw a 77.1% increase in price over the past 7 days, now trading at $23.70; JOE saw a 37.2% increase in price over the past 7 days, now trading at $0.4344; BENQI saw a 54.0% increase in price over the past 7 days, now trading at $0.0096; PNG saw a 324.3% increase in price over the past 7 days, now trading at $0.1003; XAVA saw a 119.7% increase in price over the past 7 days, now trading at $0.5131; ALOT saw a 63.8% increase in price over the past 7 days, now trading at $0.5294.

Polygon Network Gas surged to 635 gwei

According to data from Polygonscan, gas fees on the Polygon network have surged, currently reporting at 635 gwei.

ORDI breaks through $27, with a 24-hour increase of over 26%According to OKX market information, ORDI has broken through $27 and is currently priced at $27.477, with a 24-hour increase of 26.42%.

BRC-20 token rats surged to 0.18 sats, with a 24-hour increase of over 250%According to market data from OKX Ordinals, the BRC-20 token "rats" is currently priced at 0.18 sats (approximately 0.000069 USD), with a 24-hour increase of 253.36%.

TIA weekly increase of 34.3%, Bitget launches TIA staking product with APR up to 20%According to Bitget market data, TIA is currently priced at $6.205. TIA's opening price this week was $4.6184, with a weekly increase of 34.3%. Bitget has launched a TIA staking product with an APR of 20%.

SOL short-term breakthrough $66, 24-hour increase of 16.34%

According to OKX market data, SOL has broken through $66 in the short term and is currently priced at $65.89, with a 24-hour increase of 16.34%.

Transaction Tracking

A whale transferred RNDR, which had been hoarded for nearly two years, to Coinbase, worth about $6.9 million.

According to Scopescan, a whale recently deposited all of its 2.3 million RNDR tokens (equivalent to approximately $6.9 million) into Coinbase after holding onto them for nearly 2 years.

Perpetual contract leverage trading has added a new trading pair: BEAMX/USDT.

Binance will support the Terra Classic (LUNC) network upgrade.

According to an official announcement, Binance will support the Terra Classic (LUNC) network upgrade. The specific schedule is as follows:

The project team will upgrade the network at block height 15,493,370 (expected to be 17:00 on November 20, 2023, Eastern Time); Binance is expected to suspend token deposit and withdrawal services for the above network at 16:00 on November 20, 2023, Eastern Time.

Binance and Gulf joint venture digital asset platform Gulf Binance will open to the public in Thailand next year

According to The Block, Gulf Binance, a joint venture between Binance and Gulf Innova, will first provide services to users through an invitation mechanism and plans to open its services to the public in early next year.

Gulf Energy Development has announced that Gulf Binance has received approval from the Thai SEC to begin operating its trading platform. Gulf Binance's digital asset platform will provide digital asset trading and brokerage services, prioritizing security and compliance with Thai SEC regulations.

HashKey: Has Submitted Listing Applications for 4 Tokens to the Hong Kong Securities and Futures Commission

According to the report by "Sing Tao Daily", HashKey Exchange, a licensed virtual asset trading platform in Hong Kong, was approved by the Securities and Futures Commission to launch the first licensed trading platform application in Hong Kong earlier this month. Currently, only retail investors can invest in Bitcoin and Ethereum on the platform.

HashKey Group's Chief Operating Officer, Weng Xiaoqi, has stated that they have submitted applications for the listing of four types of tokens to the China Securities Regulatory Commission (CSRC). They are currently waiting for further inquiries and approval from the CSRC, and believe that there will be opportunities for retail investors to buy and sell these tokens next year.

Weng Xiaoqi stated that with the release of the application, the total trading volume of the platform exceeded 1 billion US dollars, and the total registered users now exceed 120,000. The largest growth and trading volume come from individual professional investor users, mainly from Hong Kong.

He said that he will focus on promoting transactions among professional investors for the remaining time this year. He also stated that the number of investable assets available to professional investors is expected to increase to 15 to 20 by the end of the year, and the platform will explore assets such as RWA (Real World Assets) next year. The total trading volume of the platform is expected to reach 3 billion US dollars.

OKX lowers ETH and ERC20 token deposit network confirmations

According to the official announcement, in order to improve the experience of users' recharge and transaction, OKX has now reduced the number of network confirmations required for ETH and ERC20 tokens from 64 to 32 for deposit transactions. Withdrawal network confirmations are not affected.

Viewpoint Data

ORDI's total spot trading volume reaches 440 million, with Bitget ranking third in the spot market with 41 million market share

According to Bitget market data, ORDI rose by 19% today, and as of the time of writing, it was trading at $26.08.

It is reported that the total trading volume of ORDI on the entire network has reached 440 million, of which Binance's spot trading market is 160 million, ranking first; OKX's spot trading volume is 110 million, ranking second; Bitget's spot market is 41 million, ranking third.

A certain whale has accumulated 88,000 ETH since October 28th of last year.

According to Lookonchain's monitoring, a certain whale has accumulated 88,000 ETH (approximately $180 million) through multiple addresses since October 28th of last year.

Trust Wallet CEO: Discussed whether to support BRC-20 tokens as early as April this year, still under observation

Trust Wallet CEO Eowyn Chen was a guest on BlockBeats' official Space event today. When discussing issues related to BRC-20 tokens, she stated:

The Trust Wallet team had a deep discussion as early as April this year on whether to support BRC-20 tokens. At that time, the concern was whether "BRC-20 is a flash in the pan or has the potential for long-term development." Since then, the popularity of BRC-20 has declined to some extent, although there has been a certain degree of recovery, but only in the Chinese crypto community. Trust Wallet's user base is spread all over the world, so the question of whether to support BRC-20 tokens is still under observation.

Yesterday, Bitcoin's total network transaction fees exceeded 134 BTC.

According to data from BTC.com, the total network transaction fees for Bitcoin exceeded 134 BTC yesterday, a decrease of 46.1% compared to the recent observed high point on November 9th (248.61 BTC).

Data: Yesterday's Bitcoin NFT trading volume reached a record high of $18.56 million

According to Dune data, the NFT trading volume of Bitcoin reached 18.561 million US dollars yesterday, surpassing the 18.475 million US dollars on May 8th, setting a new historical record.

The Monetary Authority of Singapore's Director: Cryptocurrencies perform poorly as a medium of exchange or store of value, stablecoins with good regulation have great potential

The Monetary Authority of Singapore (MAS) Managing Director, Ravi Menon, stated in his keynote speech at the Singapore FinTech Festival that stablecoins and central bank digital currencies (CBDCs) (rather than cryptocurrencies) will become part of the future financial ecosystem.

Menon said that cryptocurrencies have failed the test of digital currencies because "they perform poorly as a medium of exchange or store of value, and their prices are easily affected by speculative and volatile fluctuations, causing significant losses for many cryptocurrency investors." MAS sees well-regulated stablecoins as a promising form of digital currency that can complement CBDCs and tokenized bank liabilities. (CoinDesk)