BlockBeats news, November 14th, according to HTX market information, BNB fell below $600, with a 24-hour decline of 4.9%.
BlockBeats news, November 14, according to HTX market information, Bitcoin fell below $66,000, with a 24-hour decline of 3.4%.
BlockBeats news, November 14, Kava official announcement, out of extreme caution, the Axelar cross-chain bridge has been suspended, and a full incident report will be shared as soon as possible when ready.
Previously Kava clarified abnormal cross-chain selling of tokens: not infinite minting, already isolated within Kava Lend. KAVA fell over 40% in one hour today, suspected on-chain security issue.
[Source]BlockBeats news, November 14th: Solana RPC service provider Helius announces the launch of the Historical Accounts API (Beta version). This API allows users to query the complete state of any account, liquidity pool, or wallet at the end of a specific Slot, or after the execution of a certain transaction. It can be used for transaction backtesting, historical state simulation, and precise viewing of state changes. It is suitable for scenarios such as trading strategy backtesting, querying historical token supply, calculating PnL, obtaining historical wallet balances, and viewing changes in DEX liquidity over time.
[Source]BlockBeats news, November 14, according to HTX market information, KAVA has dropped over 40% in the past hour, suspected of on-chain security issues, currently priced at $0.04.
Additionally, South Korea's largest crypto trading platform Upbit has issued a trading warning notice for Kava (KAVA).
BlockBeats news, November 14th, Binance official announcement: The latest zero-knowledge proof of asset reserves has now been generated, allowing users to independently verify that their Binance assets are 1:1 supported.
BlockBeats news, November 14, Binance announcement: The flash exchange and buy/sell pages now support the direct purchase of tokenized stocks bStocks using up to 49 fiat currencies. Users can buy through fiat balance, bank card, Apple Pay, or Google Pay without the need to convert to cryptocurrency.
BlockBeats news, November 14th - CryptoQuant analyst Darkfost pointed out that the proportion of active supply of Bitcoin currently in a loss state has exceeded the proportion in profit. This estimate excludes Bitcoin that has not moved for over ten years. After adjustment, the supply in a profitable state is less than 45%, which means that the majority of Bitcoin within this group is currently trapped in a loss state.
From historical data, when this ratio is below 40%, it usually coincides with the bottom of a market correction phase. Conversely, when the ratio approaches 100%, meaning almost all active coins are in a profitable state, the risk of a market reversal downward increases. The analyst believes that contrarian investing is gradually becoming attractive, that is, gradually building exposure when the market is dominated by losses, and appropriately reducing positions when profitability becomes widespread.
[Source]BlockBeats news, November 14: MEGA, the organization behind the Ethereum Layer 2 network MegaETH, has laid off approximately 20% of its staff. MegaETH co-founder Shuyao Kong said on Friday that the adjustment involved employees who participated in the project's early construction, covering teams such as blockchain, wallet, ecosystem support, and communications, but did not disclose the specific number of layoffs or the implementation timeline. She emphasized that the founding team, early employees, and core engineering team will continue to advance the project.
The layoffs come amid MEGA's organizational restructuring and business transformation. The organization is shifting its focus toward new products on the MegaETH network, including AI services, and has committed $30 million to advance related business. However, Kong did not explicitly state that the layoffs are directly related to the AI strategic transformation.
According to the white paper published by the co-founder, MegaETH plans to launch an AI inference marketplace, introducing multiple AI service providers to allow users to choose different models while addressing issues such as model authenticity and transparency in user data processing. Kong said MEGA plans to launch the public version of the AI inference marketplace in December this year.
[Source]BlockBeats news, November 14 — U.S. spot Bitcoin ETFs have seen net outflows for two consecutive weeks, totaling $2.35 billion. Among them, net outflows from November 9 to 13 amounted to $1.07 billion, following net outflows of $1.28 billion the previous week.
On Friday, U.S. spot Bitcoin ETFs recorded single-day net outflows of $185.4 million, with BlackRock's IBIT seeing net outflows of $143.5 million and Fidelity's FBTC seeing net outflows of $41.9 million. This also marks the seventh consecutive trading day of net outflows for U.S. spot Bitcoin ETFs, with cumulative net outflows of approximately $1.71 billion since November 5.
Among them, BlackRock's IBIT has suffered net outflows for 11 consecutive trading days, with cumulative outflows of approximately $2.35 billion. The fund's net outflows since the start of November have reached $2.12 billion, accounting for about 90% of the total net outflows from U.S. spot Bitcoin ETFs during the same period.
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