🌙 11.10 Late-Night Market Recap | A Day of Mixed Bulls and Bears
🔴 Security Alert: Initia ($INIT ) was attacked after its rollup infrastructure keys were leaked, and around $605,000 in USDC was transferred out. The team and validators urgently paused the L1 to protect the remaining assets, once again sounding the alarm on cross-chain bridge security.
🟢 Wall Street Goes On-Chain: The NYSE announced that its tokenized securities platform will use Avalanche ($AVAX ) as its core clearing ledger, supporting 24/7 trading and settlement—a milestone moment as traditional finance embraces blockchain.
🚀 Double Debut in Korea: Upbit and Bithumb both listed Hyperliquid ($HYPE ) on the same day, as the largest Perp DEX accelerates its expansion into Asian markets.
📉 Selling Pressure in Practice: Mining company MARA has sold 40,581 BTC this year (around $3.02 billion, at an average price of $74,446). Meanwhile, U.S. spot BTC ETFs saw net outflows of another $201 million yesterday.
💡 An Interesting Fund Flow: BlackRock revealed that, due to security concerns, whales are converting self-custodied BTC into IBIT, totaling around $3.6 billion—this isn’t an exit, but a custody migration.
Institutional adoption narratives vs. real selling pressure—the market is repricing. Tonight’s U.S. CPI data is the next key variable.
NFA | DYOR
#比特币 #AVAX #HYPE #币安广场 #CryptoMarketRecap
🔴 Security Alert: Initia ($INIT ) was attacked after its rollup infrastructure keys were leaked, and around $605,000 in USDC was transferred out. The team and validators urgently paused the L1 to protect the remaining assets, once again sounding the alarm on cross-chain bridge security.
🟢 Wall Street Goes On-Chain: The NYSE announced that its tokenized securities platform will use Avalanche ($AVAX ) as its core clearing ledger, supporting 24/7 trading and settlement—a milestone moment as traditional finance embraces blockchain.
🚀 Double Debut in Korea: Upbit and Bithumb both listed Hyperliquid ($HYPE ) on the same day, as the largest Perp DEX accelerates its expansion into Asian markets.
📉 Selling Pressure in Practice: Mining company MARA has sold 40,581 BTC this year (around $3.02 billion, at an average price of $74,446). Meanwhile, U.S. spot BTC ETFs saw net outflows of another $201 million yesterday.
💡 An Interesting Fund Flow: BlackRock revealed that, due to security concerns, whales are converting self-custodied BTC into IBIT, totaling around $3.6 billion—this isn’t an exit, but a custody migration.
Institutional adoption narratives vs. real selling pressure—the market is repricing. Tonight’s U.S. CPI data is the next key variable.
NFA | DYOR
#比特币 #AVAX #HYPE #币安广场 #CryptoMarketRecap