● Binance CEO Richard Teng visits Alpine F1 Team
Richard Teng, CEO of Binance, shared the photo on X (original Twitter) and said: "The Abu Dhabi F1 race has ushered in a busy start, and Bruno Famin, general manager of the Alpine team, shows Pierre Gasly's helmet. By the way, the UAE gesture I made contains three letters - W (victory), V (victory) and L (love). This is very important to me, especially in the field of cryptocurrency. For me, it also represents our 3 commitments, namely to be user-centric, work with regulators to maintain standards, and embrace Web 3.0 with partners."
● SEC discusses listing of spot Bitcoin ETF with BlackRock and Grayscale
According to PANews, the U.S. Securities and Exchange Commission (SEC) has published two memoranda on its official website, confirming that it has discussed with BlackRock and Grayscale on the listing of spot Bitcoin ETFs. One memorandum shows that the SEC has discussed with Grayscale on November 20, Eastern Time, on the proposed rule changes for the listing and trading of Grayscale Bitcoin Trust ETFs; another memorandum shows that on the same day, the SEC and BlackRock, the world's largest asset management company, also held a meeting to discuss the proposed rule changes for the listing and trading of iShares Bitcoin Trust ETFs. The memorandum is also followed by two pages of PPT content produced by BlackRock, showing two ETF redemption methods: In-Kind Redemption Model or In-Cash Redemption Model.
● TeleportDAO was suspected to be attacked, and TELEBTC was de-anchored
According to Planet Daily, 0xScope researcher Bobie monitored that the cross-chain Ordinals market TeleportDAO was suspected to be under attack, and the Bitcoin-pegged token TELEBTC of the protocol was decoupled.
● Azuki DAO reorganizes into Bean, abandons lawsuit against NFT founder, raises $10 million for development
According to Cointelegraph, Azuki DAO, an unofficial community decentralized autonomous organization around the eponymous non-fungible token (NFT) collection, announced that it would rebrand to "Bean" and abandon a lawsuit against NFT collection founder Zagabond involving $39 million in minting affairs. In a statement sent to Cointelegraph, Azuki developers said that DAO will transform into a Meme coin project and become part of the Ethereum second-layer Blast ecosystem.
The developers also claim that Bean has raised $10 million from "well-known investors" for development and acceleration within the Blast ecosystem. The proposed Bean Meme coin will have a total supply of 1 billion. 40% of the tokens are allocated to its treasury, 50% to Azuki DAO members, and 10% to Azuki NFT creator Zagabond. Minting is only open to Azuki NFT holders, who must complete the minting within 24 hours of the token release, otherwise they will face "token destruction."
● Greeks.live researcher: The market is currently very optimistic about the approval of Bitcoin spot ETF in Q1 next year
Greeks.live macro researcher Adam posted on X (original Twitter) that after the monthly delivery, the price of Bitcoin rose again, breaking through $38,000 to hit a one-year high; Dvol, which had plummeted to 51% after the delivery, was brought back to the recent average level of 54%.
The market is currently very optimistic about the passage of (Bitcoin spot) ETFs in Q1 next year. Skew has been significantly positive for more than a month, and market expectations have gradually become consistent. Before the ETF is officially approved, every decline is a good opportunity to add positions.
