Rhythm Morning Post | Bitcoin supporter Javier Milei finally won the Argentine presidential election; OpenAI CEO Altman may return after being dismissed by the board of directors
Selected News:
1. Bitcoin supporter Javier Milei ultimately won in the Argentine presidential election;
2. OpenAI CEO Altman was removed by the board of directors;
3. The OpenAI board has tentatively agreed to Sam Altman's return and is discussing the details of his comeback.
4. YFI dropped more than 40% in the past 4 hours;
5. Approximately $217 million worth of AVAX will be unlocked on November 24th.
Price Observation
TIA has once broken through $7, hitting a new all-time high.
According to market data, on November 18th, Celestia (TIA) once rose to a record high of $7.09. It is currently trading at $6.8, with a 24-hour increase of over 15%.rats 24-hour increase reached 49.12%, now priced at 0.000093On November 18th, according to OKX market data, the BRC-20 token rats saw a 24-hour increase of 49.12%, with a current price of 0.000093 USD.
FTX debt rights have risen to as high as 60 to 65 cents per US dollar.
On November 18th, according to The Block, some larger FTX creditors are offering their claims at a price of $0.6 to $0.65, which is a 30% increase compared to about a month ago. In late October, the OTC closing price for FTX creditor claims exceeded $0.5.MUBI 24-hour surge over 50%, currently trading at $0.02904
On November 18th, according to market data, MUBI rose to touch 0.03300 US dollars before falling back, and is now priced at 0.02904 US dollars, with a 24-hour increase of 50.14%.RNDR 24-hour surge over 16%, currently trading at $3.271
On November 18th, according to OKX market data, RNDR surged to touch $3.334 before falling back, and is now priced at $3.271, with a 24-hour increase of 16.15%.WLD 24-hour increase expanded to 28.37%, now priced at $2.393
On November 19th, according to OKX market information, WLD broke through $2.4 in the short term and is now priced at $2.393, with a 24-hour increase of 28.37%.
Previously reported, WorldCoin (WLD) experienced a 24-hour drop of 11% on the 18th, with a temporary report of $1.95. This may be due to the impact of OpenAI CEO Sam Altman's dismissal and resignation from the board. Public information shows that Greg became a co-founder of OpenAI in 2015 and was previously the CTO of payment company Stripe.
Bitcoin rises above $37,000, with a 24-hour increase of 2.3%
On November 20th, Bitcoin rose and broke through $37,000, with a current price of $37,356 and a 24-hour increase of 2.3%.
OpenAI Timeline
OpenAI CEO Altman ousted by board
On November 18th, the OpenAI board announced that CEO Sam Altman has resigned and stepped down from the company's board of directors. The company's Chief Technical Officer, Mira Murati, has been appointed as interim CEO.
The OpenAI board has stated that they have lost confidence in Altman's candor. It is reported that this decision regarding Altman was made by the board after a thorough review process, and the conclusion was reached that he was not consistently candid in his communication with the board. The board no longer has confidence in Altman's ability to continue leading the company.
Sam Altman responded that he really enjoyed his time at OpenAI and will be publishing more content in the future.
OpenAI co-founder and CEO resigns
Additionally, dYdX founder Antonio Juliano responded on social media to the news that "about $9 million from the dYdX v3 insurance fund was used to fill the gap in the YFI market liquidation," stating that this is clearly a targeted attack on dYdX, including market manipulation of the entire YFI. We are currently investigating with multiple partners and will keep our findings transparent. Even if no user funds are affected, we will thoroughly review our risk parameters and make appropriate changes to v3 and potentially the dYdX Chain software if necessary.
dYdX has banned high-profit trading strategies.
On November 19th, according to official sources, dYdX announced that it has banned high-profit trading strategies. Earlier today, dYdX founder Antonio Juliano posted on social media, announcing a series of updates to dYdX, including: · Market updates will become easier, making it easier for the market to generate higher liquidity; · Maintenance margin functionality will become updatable (not available in V3); · Maintenance margin functionality will be able to change with position size (not available in V3); · The liquidation engine will be redesigned; · Withdrawal requests will not be accepted if the account has any negative assets (until the relevant position is liquidated).
All of the above updates will greatly help to address the situation that occurred with YFI (on dYdX) and provide a more secure service for each user. dYdX will gradually add more features and continue to prioritize risk and security.
On November 19th, according to on-chain data analyst @ai_9684xtpa, 7 whale addresses have accumulated 3.35 million DYDX tokens worth $13.13 million transferred to trading platforms within 4 days.
Users who profited by manipulating the YFI price used the same method to manipulate the SUSHI price.
On November 19th, according to Lookonchain monitoring, an anonymous user manipulated the YFI price on dydx to profit. On November 14th and 15th, wallets "0xCCb6" and "0xB017" deposited a large amount of USDC into dydx through multiple addresses, presumably to go long on YFI. Subsequently, the price of YFI began to rise. When the YFI price reached its highest point on November 17th, wallet "0xB017" withdrew USDC from dydx through multiple wallets and deposited it back into dydx through other wallets, possibly closing out their long position, and then shorted YFI at the highest price through other wallets.After the sharp drop in YFI price on November 18th, wallet "0xB017" extracted a large amount of USDC from dydx through multiple addresses, which is likely to be the profit from shorting YFI. On November 1st, this anonymous user attempted to manipulate the price of SUSHI to profit using the same method when there was a drastic fluctuation in SUSHI price.
Transaction Tracking
派盾：FTX address transfers 940,000 CVX to Binance
On November 18th, according to PeckShieldAlert monitoring, an address labeled as FTX transferred 940,000 CVX (approximately $1 million) to Binance.A whale who went long on ETH through DeFi lending has sold 12,048 ETH to repay debt.
On November 18th, according to Lookonchain monitoring, the whale address starting with 0xb82 that was long on ETH just sold 12,048 ETH (approximately $23.4 million) to repay debt, earning over $2 million in profit from the transaction. On October 23rd, the address purchased 12,047 ETH (approximately $21.3 million) from Binance when the price of ETH was around $1,768. The address went long on ETH by depositing ETH into Aave & Compound and borrowing USDT to purchase more ETH.
Wintermute18 deposited 9 million CVC into Binance earlier today.
On November 18th, according to Scopescan monitoring, Wintermute deposited 9 million CVC into Binance earlier today (equivalent to approximately 2 million US dollars). Subsequently, the price of CVC dropped from 0.21 US dollars to 0.14 US dollars.
A certain whale deposits 19,304 ETH, worth about $37.16 million, into Binance
On November 18th, according to Lookonchain monitoring, a certain whale deposited 19,304 ETH, approximately $37.16 million, into Binance 20 minutes ago.
On November 19th, according to on-chain analyst Yu Jin's monitoring, an address has transferred a total of 52,435 ETH to Binance and OKX in the past 10 days, and then withdrew 102.58 million U from Binance and OKX.
· 39,458 ETH transferred to Binance, and 75.06 million USDT withdrawn.
· 12,976 ETH transferred to OKX, and 27.52 million USDT withdrawn.
A whale address that specializes in buying ETH during bullish trends bought 9,131 ETH today.
On November 20th, according to data analyst Yu Jin, who monitors on-chain data, a whale address starting with 0x828 and mainly dealing with ETH broke through the market today and bought back 9131 ETH at an average price of $1971. It is reported that the address previously exchanged 17,500 ETH for 33.74 million USDC at an average price of $1928 on the evening of August 17th, and still holds 2500 ETH.Project Updates
Republic will launch its tokenized investment fund Republic Note on Avalanche
On November 18th, according to The Block, financial services company Republic will launch its tokenized investment fund, Republic Note, on the Avalanche blockchain. According to the statement, Republic Note is a security token that aims to generate profits from a portfolio of investments in over 750 "private assets".Bloomberg: Jump to split Wormhole project, reduce its cryptocurrency business
On November 19th, Kronos Research, a cryptocurrency quantification company, released a statement saying that the team has been taking action to minimize the impact and restore trading operations. Currently, the confirmed loss of cryptocurrency assets is about $26 million, and all losses will be borne internally without affecting any partners.
BRC-20 Swap project BTDI started casting at 9pm on the evening of the 19th
On November 19th, BTDI, the latest Swap project of BRC-20, will start minting at 9pm tonight.
Backpack website experienced a brief malfunction and has now been restored to normal
Ethereum Layer2 TVL falls to $13.25 billion
On November 18th, according to L2BEAT data, the total value locked (TVL) in Ethereum Layer2 fell to $13.25 billion, a 1.69% decrease in 7 days. The top five locked assets are: Arbitrum One ($7.20 billion, a 3.35% decrease in 7 days); OP Mainnet ($3.44 billion, a 0.41% decrease in 7 days); Base ($566 million, a 5.18% decrease in 7 days); zkSync Era ($428 million, a 6.53% decrease in 7 days); and dYdX ($406 million, a 7.72% increase in 7 days).
Bitcoin Volatility Index rose to 65.73 on the 18th, with a daily increase of 1.58%.
On November 19th, the BitVol (Bitcoin Volatility) index, launched by financial index company T3 Index in collaboration with Bitcoin options trading platform LedgerX, rose to 65.73 with a daily increase of 1.58%.BlockBeats Note: BitVol Index measures the 30-day expected implied volatility derived from tradable Bitcoin options prices. Implied volatility refers to the volatility implied by the actual option price. It is calculated using the B-S option pricing formula, which uses the actual option price and other parameters except for the volatility σ to derive the volatility. The actual price of an option is formed by the competition of many option traders, so the implied volatility represents the market participants' views and expectations of the future market, and is therefore considered the closest to the true volatility at that time.
Data: Linea Network TVL reaches $198 million, with a 7-day increase of 144.31%
On November 19th, according to L2BEAT data, ConsenSys' Layer2 network Linea TVL has reached $198 million, with a 7-day increase of 144.31%.
Data: Ordinals Inscription cumulative revenue exceeds 100 million US dollars
On November 19th, according to the latest data from Dune, the cumulative fee income generated by the Bitcoin NFT protocol Ordinals' inscription casting has reached 2,844.1375 BTC, equivalent to 104,077,265 US dollars. The current total number of inscriptions cast is 41,882,377.This week's unlocked data overview: AVAX worth about $217 million will be unlocked on November 24th
On November 20th, according to Token Unlocks data, AVAX, ID, and LOOKS will have a one-time large token unlock this week, with a total release value of over $225 million. Among them:
On November 22nd at 16:00, SPACEID will unlock 18.49 million IDs (approximately $4.81 million USD), accounting for 6.46% of the circulating supply.
On November 27th at 15:01, LooksRare will unlock 37.5 million LOOKS (approximately 2.92 million USD), accounting for 6.88% of the circulating supply.
Data: Bitcoin and Ethereum's active supply hit historic lows
On November 20th, according to data from The Block, the active supply of Bitcoin and Ethereum in the past year has reached a historic low. Between March 2017 and 2018, over 59% of Bitcoin's supply was active. However, in the past year, only 30.12% of Bitcoin's supply changed hands. For Ethereum, between July 2016 and 2017, over 86% of its supply changed hands, while last year only 39.15% of its supply changed hands, also setting a historic low.For Bitcoin, the historically low active supply is usually created before the block issuance reward is halved. It is currently expected to occur in 155 days (April 24th next year).
Financing Express
Find Satoshi Lab's Chief Revenue Officer, Mable Jiang, stated that "OMTrade represents a new frontier in cryptocurrency trading, dedicated to cultivating an organic community where everyone can learn and invest together, enabling a wider audience to achieve financial freedom."
Regulatory News
The US SEC has postponed Hashdex's Nasdaq Ethereum ETF application until next year.
On November 18th, according to The Block, the US Securities and Exchange Commission (SEC) has delayed its decision on whether to approve Hashdex's Nasdaq Ethereum ETF, which aims to hold Ethereum spot and futures contracts. The SEC stated that more time is needed to take action on the changes and indicated that a decision on whether to approve, disapprove, or "take action to determine whether to disapprove" will be made by January 1, 2024. In September, the Nasdaq stock exchange submitted an application to the SEC to list Hashdex's Nasdaq Ethereum ETF.
SEC delays decision on Global X and Franklin's Bitcoin ETF approval
On November 18th, according to The Block, the US Securities and Exchange Commission (SEC) has postponed its decision on the Global X Bitcoin ETF until December 22nd and has set a comment period for the public to express their opinions on the proposal within the next 35 days. At the same time, the SEC has postponed its decision on the approval of the Franklin Templeton Bitcoin ETF until early 2024.
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