Top News:

1. Futu's virtual asset trading platform, PantherTrade, has submitted a license application to the Hong Kong Securities and Futures Commission.

2. Yesterday, the total network transaction fees for Bitcoin exceeded 317.4 BTC, reaching a new high in nearly half a year.

3. Venture capital firm Menlo Ventures has completed a $1.35 billion financing round, with former FTX Ventures executive Amy Wu potentially leading investments in blockchain projects.

4. The Ethereum Foundation Grant Provider address transferred 1065 ETH to the multi-signature address, or used it for ecological funding;

5. The International Organization of Securities Commissions (IOSCO) has released regulatory recommendations for cryptocurrencies.

Price Observation

DOGE short-term breakthrough $0.085, up more than 10% in 24 hours

At around 5:00 PM today, according to OKX market data, DOGE briefly broke through $0.085 and is currently trading at $0.08565, with a 24-hour increase of 10.26%.

Ordinals token experienced a overall pullback, with Rats dropping over 30.95% in the past 24 hours.

At around 1 pm this afternoon, according to OKX market data, the Ordinals token in the encryption industry experienced an overall pullback, including:

SATS 24-hour decline of 10.91%, quoted at 0.0(6)22 USD;

RATS has dropped by 30.95% in the past 24 hours, with a current price of 0.000053 USD.

CSAS has dropped by 12.63% in the past 24 hours, with a current price of 0.0075 USD.

STST 24-hour decline of 33.22%, quoted at $0.14.

Bear 24-hour decline of 15.66%, quoted at $0.6.

MATIC, NXM, LINK are among the top Smart Money inflows in the past 24 hours

At around 2pm this afternoon, according to Nansen 2 data, the Smart Money 24-hour fund inflow tracking list on the Ethereum network is as follows:

ETH: Approximately $75.14 million, priced at $1986.22, with a 24-hour decline of 3.33%.MATIC: Approximately $11.15 million, with a price of $0.8674 per unit, and a 24-hour decrease of 6.66%.

WBTC: Approximately $5.21 million, quoted at $36,448.01, with a 24-hour decline of 2.63%.

NXM: Approximately 2.23 million US dollars, quoted at 56.4 US dollars, with a 24-hour decline of 4%.

LINK: Approximately 1.94 million US dollars, quoted at 14.06 US dollars, with a 24-hour decline of 5.2%.

AXL 24-hour surge over 21%, currently trading at $0.555

At around 4:00 PM today, according to Bitget market data, Axelar (AXL) broke through $0.55 and was priced at $0.555, with a 24-hour increase of 21.34%.

Bitcoin ecosystem NFT Bitcoin Frogs and Goosinals floor price increased by more than 75% in 24 hours

According to Magic Eden market data, the floor price of Bitcoin ecosystem NFT Bitcoin Frogs has risen to 0.123 BTC (approximately $4460 USD), with a 24-hour increase of over 75%. In addition, the floor price of Bitcoin ecosystem NFT Goosinals has risen to 0.04 BTC (approximately $1448 USD), with a 24-hour increase of over 100%.

Transaction Tracking

The Ethereum Foundation Grant Provider transferred 1065 ETH to a multi-signature address, or for ecological funding.

At around 5:00 PM today, according to on-chain data analyst @ai_9684xtpa, the Ethereum Foundation's Grant Provider address transferred 1065 ETH, worth $2.1 million, to a multi-signature address, most likely for ecosystem funding (possibly related to the upcoming 19th round of grants from Gitcoin).

Perpetual contract leverage trading pairs added: ACA/USDT, GHST/USDT, GLM/USDT, VIDT/USDT.

Binance will support the exchange of Virtua (TVK) tokens and rename them to Vanar (VANRY)

According to official sources, Binance will support the exchange of Virtua (TVK) tokens and rename them to Vanar (VANRY). TVK deposit and withdrawal services will be suspended at 11:30 on November 27, 2023 (Beijing time), and will be reopened at a later date to be announced.

Binance will delist some RUB spot trading pairs on November 20th

According to an official announcement, Binance will delist some RUB (Russian Ruble) spot trading pairs at 11:00 on November 20th Beijing time. The delisted pairs include:

ADA/RUB, ALGO/RUB, ARB/RUB, ARKM/RUB, ARPA/RUB, BNB/RUB, BUSD/RUB, DOT/RUB, ETH/RUB, LTC /RUB、MATIC/RUB、NEAR/RUB、SOL/RUB、WLD/RUB、XRP/RUB。

Binance will launch BEAMX 1-50x U perpetual contract

According to the official announcement, Binance will launch the BEAMX 1-50x U perpetual contract on November 17, 2023 at 21:30 (GMT+8).

Viewpoint Data

Yesterday, Bitcoin's network transaction fees exceeded 317.4 BTC, reaching a new high in nearly half a year.

BlockBeats News, on November 17th, according to BTC.com data, the total network transaction fees of Bitcoin exceeded 317.4 BTC yesterday, once again reaching a new high in nearly half a year.

Data: Linea Network TVL reaches $130 million, with a 49.9% increase in 7 days

According to L2BEAT data, the TVL of ConsenSys' Layer2 network Linea has reached 130 million US dollars, with a 7-day increase of 49.9%.

Data: $1.28 billion worth of BTC and $530 million worth of ETH options contracts will expire and settle today

According to Greeks.live data, 35,000 BTC options are about to expire with a Put Call Ratio of 0.49, a maximum pain point of $36,000, and a nominal value of $1.28 billion. Additionally, 270,000 ETH options are about to expire with a Put Call Ratio of 0.41, a maximum pain point of $1,900, and a nominal value of $530 million.

This week, the cryptocurrency prices have entered a consolidation phase. The RV representing the volatility level has rebounded slightly, but the IV representing the expected volatility level has remained stable with a slight decrease, resulting in a decrease in the VRP volatility risk premium. Currently, BTC Dvol is only 55%, a 10% decrease from last week, while ETH Dvol remains at 56%, the same as last week. ETH is expected to take over as the main driver of the upward trend.

Financing Express

Venture capital firm Menlo Ventures completes $1.35 billion financing, former FTX Ventures executive Amy Wu may be responsible for investing in blockchain projects

According to official sources, venture capital firm Menlo Ventures has announced the completion of a $1.35 billion financing round. The funds will be deployed by Menlo Ventures' subsidiaries, Menlo XVI, Menlo Inflection III, and affiliated funds, primarily for investment in AI projects.

It is worth noting that Amy Wu, former head of FTX Ventures, announced in January of this year that she had joined Menlo Ventures as a partner, mainly responsible for investments in the consumer and gaming sectors. However, in a recent social media post, Amy Wu stated that the newly raised funds can also be used to support blockchain projects.

Regulatory News

Futu's virtual asset trading platform PantherTrade has submitted a license application to the Hong Kong Securities and Futures Commission.

The list of applicants for virtual asset trading platforms of the Hong Kong Securities and Futures Commission shows that there are currently 6 companies applying for virtual asset trading platform licenses. The latest application was submitted by PantherTrade, a wholly-owned subsidiary of Futu Holdings, on Wednesday (15th).

According to the information, PantherTrade appointed Chen Zhihu as a director on September 14th. He previously served as the investment director of Huobi Asset Management (Hong Kong) Co., Ltd. Huobi was later renamed as New Fire Technology. Chen Zhihu completed his term at New Fire Asset Management's No. 4 fund in May 2023. Another director is Hong Yimin. The company submitted the form for establishment of a legal person on March 7th this year, and the first director was Fang Xingzhi. The information shows that he served as a director of JD Securities Co., Ltd. from September 2019 to July 2020.

International Organization of Securities Commissions (IOSCO) releases cryptocurrency regulatory recommendationsAccording to CoinDesk, the International Organization of Securities Commissions (IOSCO) released cryptocurrency market regulatory recommendations on Friday, aimed at helping to develop global regulatory responses to the risks posed by cryptocurrency asset service providers.

It is reported that the International Organization of Securities Commissions (IOSCO) has been consulting on rules for the cryptocurrency industry since May, covering issues such as market abuse, conflicts of interest, customer asset protection, information disclosure, and risks related to cryptocurrencies.

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