Featured News:
1. Binance Labs announced investment in Arkham token ARKM;
2. The Cosmos Hub community initiated a vote on the "ATOM production reduction" proposal, proposing to halve the maximum inflation rate to 10%;
3. Data: In the past 24 hours, Bitcoin NFT transaction volume surpassed Ethereum NFT, reaching 15.89 million US dollars;
4. Binance IEO tokens saw a general rise in prices;
5. The Monetary Authority of Singapore is working with the financial industry to expand asset tokenization initiatives
Price Watch
Binance IEO tokens saw a general rise, ARKM rose by more than 20% in 24 hours
According to market data, the Binance LaunchPad project tokens have seen a general rise, including:
ARKM has increased by 23.56% in 24 hours and is currently priced at $0.55;
EDU has increased by 19.8% in 24 hours and is currently priced at $0.62;
ID has increased by 14.63% in 24 hours and is currently priced at $0.29;
HOOK has risen 9.26% in 24 hours and is currently priced at $1.04.
SOL rises back above $60, up 16% in 24 hours
According to OKX market data, SOL rose back above $60 and is currently priced at $60.71, a 24-hour increase of 16%.
PIVX briefly broke through $0.52, with a 24-hour increase of 133.1%
According to market data, PIVX briefly broke through $0.52 and is currently quoted at $0.521, a 24-hour increase of 133.1%.
Hyperliquid platform PYTH perpetual contract is currently quoted at $0.353
According to data from the decentralized derivatives trading platform Hyperliquid, the PYTH perpetual contract on the Hyperliquid platform is currently quoted at $0.353. Based on this price, the oracle project Pyth Network FDV is approximately (fully diluted value) $3.53 billion.
BlockBeats previously reported that Pyth Network launched a retroactive airdrop. Users can check the airdrop eligibility on the official designated page. The date for receiving the airdrop allocation has not yet been announced.
Transaction Tracking
The largest TRB holding address transferred 50,000 TRB to Binance
According to Scopescan data monitoring, the largest TRB holding address transferred 50,000 TRB to Binance, equivalent to approximately US$4.47 million.
Amber Group deposited 293,500 DYDX into Binance 8 hours ago and still holds 2.844 million DYDX
According to The Data Nerd, the Amber Group address deposited 293,500 DYDX (US$1.14 million) into Binance at an average price of US$3.88 8 hours ago. The address currently holds 2.844 million DYDX (US$11.15 million), with a floating profit of US$2.13 million.
Galaxy Digital borrowed another 10 million DAI by pledging WBTC and ETH, and has now borrowed a total of about $104 million in stablecoins
According to Lookonchain monitoring, Galaxy Digital borrowed 10 million DAI again by pledging WBTC and ETH 6 hours ago and exchanged it for 10 million USDC. Galaxy Digital has deposited about $178.7 million worth of WBTC and ETH on Defi, and has cumulatively borrowed about $104 million worth of stablecoins. The current average health rate is 1.25.
A whale sold 6099 ETH 1 hour ago and currently holds 20,000 ETH
According to the monitoring of on-chain analyst Yu Jin, one hour ago, the whale address starting with 0x828, which mainly engaged in the ETH breakthrough, sold 6,099 ETH at an average price of $1,964 and converted them into 11.97 million USDC. During the current round of market rise from October 20 to November 2, the whale bought ETH after the breakthrough several times. It also holds 20,000 ETH (US$39.39 million), with an average cost price of US$1,677 and a floating profit of US$5.92 million.
A whale transferred 30,024 TRB to Binance in 7 minutes, equivalent to about 2.6 million US dollars
According to Lookonchain monitoring, 7 minutes ago, a whale deposited 30,024 TRB (US$2.6 million) into Binance.
A whale spent 22.8 million DAI to buy 11,522 ETH
According to on-chain data analyst @ai_9684xtpa, at 3 a.m. today, ETH briefly fell to $1,949. A whale spent a total of 22.8 million DAI to buy 11,522 ETH in one hour, with an average cost of $1,978. It is reported that the whale had a 100% winning rate in November, and this was its third purchase.
FTX addresses move around $4.9 million worth of tokens between Ethereum and BNB Chain
According to monitoring by Paidun, the address marked as FTX transferred about $4.9 million worth of cryptocurrencies on Ethereum and BNB Chain, including: 22,948.56 CAKE (51,405.23 USD); 37,735,856.65 CHZ (2,893,623.49); 1,578,590.83 ENJ (426,501.92 USD); 4,454,242.27 LRC (997,090.72 USD); 76.23 PAXG (148,138.43 USD); 475,111 USDT (475,111 USD).
DYDX, MKR, and MATIC top the Smart Money 24-hour inflow list
According to Nansen 2 data, Smart Money's 24-hour Ethereum network capital inflow tracking list is as follows: ETH: about 117 million US dollars, currently quoted at 1,974 US dollars, a 24-hour drop of 3.95%; WBTC: about 9.44 million US dollars, currently quoted at 35,500.27 US dollars, a 24-hour drop of 2.62%; DYDX: about 5.63 million US dollars, currently quoted at 3.844 US dollars, a 24-hour increase of 29.86%; MKR: about 3.89 million US dollars, currently quoted at 1,380 US dollars, a 24-hour drop of 0.72%; MATIC: about 3.46 million US dollars, currently quoted at 0.9421 US dollars, a 24-hour increase of 5.82%; LINK: about 3.32 million US dollars, currently quoted at 14.21 US dollars, a 24-hour drop of 3.23%; CHZ: about 3.01 million US dollars, currently quoted at 0.0766 USD, down 3.46% in 24 hours.
Project News
The Cosmos Hub community initiated a vote on the "ATOM production reduction" proposal, proposing to halve the maximum inflation rate to 10%
The Cosmos Hub community is voting on the proposal “ATOM Production Reduction: Set Maximum Inflation to 10%”, which aims to reduce the maximum inflation parameter from 20% to 10% and reduce the annual staking interest rate from 19% to 13.4%. The voting deadline is November 26.
Lattice launches Redstone, a Layer 2 network based on OP Stack
According to official news, Lattice announced the launch of the Layer 2 network Redstone. It is reported that Redstone is an Alt-DA chain inspired by Plasma, built on OP Stack, and aims to establish a foundation for developers to develop on-chain games and autonomous worlds. Redstone implements a data availability design inspired by Plasma, allowing any honest participant on the Internet to ensure that the chain is available without the need for a new form of consensus outside of Ethereum.
Bluefin and crypto market maker Keyrock enter into a strategic partnership
Decentralized derivatives trading platform Bluefin announced a strategic partnership with cryptocurrency market maker Keyrock. This partnership will help Bluefin enhance liquidity and continue to achieve market growth. Keyrock focuses on providing highly scalable and efficient liquidity, and its proprietary solutions have been deployed on mainstream trading platforms. Their mission to promote the tokenized economy and decentralized technology is highly aligned with Bluefin, and Bluefin looks forward to working with the Keyrock team to grow together. Rabeel, co-founder of Bluefin, said, "Kevrock has quickly become one of our largest liquidity providers. More importantly, we have a pleasant collaboration, good communication, and the excitement of working together can be shared. I am very happy to have them as an early partner."
Kava Chain and DWF Labs form a strategic partnership to accelerate the growth of the Kava DeFi ecosystem
According to the official announcement, Kava Chain has established a strategic partnership with DWF Labs to accelerate the growth of the Kava DeFi ecosystem, especially its decentralized trading platform. As part of the collaboration, DWF Labs will provide strategic insights covering risk management, liquidation, fee structure, trading products, and market maker programs for DEX built on Kava Chain. DWF Labs will also conduct proprietary trading on up to 10 Kava Chain DEXs and perpetual DEXs.
MetaMask: Fixed a bug in the mobile app v7.9.0, users are advised to upgrade to the latest version v7.10.0
MetaMask said on social platforms that it has resolved a bug in MetaMask mobile application v7.9.0. Users who have not yet upgraded the mobile client are advised to upgrade to the latest version 7.10.0 immediately.
CeFi News
Binance Japan will list 13 tokens including NEAR and OP
According to The Block, Binance Japan plans to list 13 more tokens, bringing the total number of supported crypto assets to 47. Binance said that this number currently makes it the exchange with the largest number of supported assets in the country. The 13 new tokens include: Hedera Hashgraph (HBAR), Near Protocol (NEAR), Optimism (OP), Immutable X (IMX), Arbitrum (ARB), The Graph (GRT), Render Token (RNDR), Decentraland (MANA), EOS (EOS), GALA (GALA), ApeCoin (APE), Klaytn (KLAY) and Lisk (LSK), Binance Japan said on Wednesday. It is expected to be listed on November 27. Binance Japan General Manager Takeshi Chino said in a statement: "This is another step towards Binance's goal of 'providing 100 token assets to Japanese users.'" BlockBeats previously reported that Binance acquired the local licensed cryptocurrency trading platform Sakura Exchange Bitcoin in November 2022 and subsequently renamed it Binance Japan, which was officially launched in August this year.
Standard Chartered Bank’s venture capital arm SC Ventures launches tokenization platform Libeara
According to CoinDesk, SC Ventures, the fintech investment and venture capital arm of Standard Chartered, announced the launch of the tokenization platform Libeara. According to the announcement, the platform will enable qualified investors to create a new digital Singapore dollar government bond fund.
HashKey Exchange will launch ATOM for professional investors on November 17
According to the official announcement, HashKey Exchange will launch Cosmos (ATOM) for professional investors. Deposits and withdrawals are now open to users, and the ATOM/USD trading pair will be opened at 16:00 on November 17, Beijing time.
BlockBeats Note: According to the requirements of the Hong Kong Securities and Futures Commission (SFC), professional investors refer to high net worth individuals with an investment portfolio of not less than HK$8 million.
HashKey Exchange announces token listing fee policy: expected to be between $50,000 and $300,000
Hong Kong licensed trading platform HashKey Exchange officially announced its listing fee policy. HashKey pointed out that applicants seeking listing should pay an application fee of US$10,000 or equivalent in advance when submitting the listing application form to enter the token review process of HashKey Exchange. The application fee is non-refundable, and payment of the application fee does not guarantee the successful listing of HashKey Exchange.
In addition, applicants will have to pay a one-time listing fee before the token is officially listed. The listing fee will vary greatly depending on the complexity, unique features and transaction structure of the token, and will affect the team involved, expert opinions and regulatory approval process. HashKey Exchange said that the token listing fee on its platform is expected to be between US$50,000 and US$300,000, depending on the token type, transaction structure complexity, due diligence and compliance, and expert opinions and consulting services.
BitMEX will launch SATS futures contracts at 12:00 tomorrow
According to the official announcement, BitMEX will launch the SATS futures contract 100SATSUSD with XBT as margin at 12:00 Beijing time on November 16, with a maximum leverage of 10 times.
Viewpoint Data
Data: Bitcoin open options positions surpass open futures positions, reaching $17.39 billion
According to Coinglass data, current open Bitcoin options positions stand at $17.39 billion, exceeding Bitcoin futures positions of $16.01 billion.
Data: Over 300,000 addresses have deployed smart contracts on the Scroll network through Owlto Finance
The cross-chain bridge Owlto Finance officially stated that more than 300,000 on-chain addresses have deployed smart contracts through its one-click deployment on the Scroll network.
Data: In the past 24 hours, Bitcoin NFT transaction volume surpassed Ethereum NFT, reaching 15.89 million US dollars
According to Cryptoslam data, in the past 24 hours, the transaction volume of Bitcoin NFT reached 15.891 million US dollars, surpassing the transaction volume of Ethereum NFT of 9.937 million US dollars.
Crypto markets see first net capital inflows in 17 months
According to data from blockchain analysis company Glassnode, funds in the crypto market have achieved net inflows through stablecoins or dollar-pegged tokens for the first time in more than a year. In the past 90 days, the net supply of the four major stablecoins USDT, USDC, BUSD and DAI has turned positive, indicating that funds have flowed into the market. This is the first time this has happened since Terra collapsed in mid-May 2022.
Financing Express
Binance Labs announces investment in Arkham Token ARKM
According to official news, Binance Labs announced an investment in the crypto data tracking platform Arkham token ARKM, but the specific amount has not been disclosed.
Regulatory News
Monetary Authority of Singapore is working with the financial industry to expand asset tokenization initiatives
The Monetary Authority of Singapore (MAS) announced that it is working with the financial industry to expand asset tokenization programs and expand basic capabilities to drive the scale of the tokenized market. These expansions under Project Guardian will catalyze institutional adoption of digital assets, aiming to unlock liquidity, open up investment opportunities, and improve the efficiency of financial markets. An industry group of 17 financial institutions in Project Guardian has launched five industry pilot projects to test promising asset tokenization use cases, which are expected to provide integration for the entire capital market value chain, including listing, distribution, trading, settlement and asset services. Contributors include Apollo, DBS Bank, HSBC, JPMorgan Chase's digital asset platform Onyx, Japanese financial group SBI Digital Asset Holdings, Schroders, Standard Chartered Bank, Swift, UBS, UOB, Ava Labs, Chainlink and LayerZero.
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