$TRADOOR Warning to everyone, the open contracts have reached a historical high. The price hasn't touched the previous high yet, but the open interest is already double the historical peak, which will definitely attract more participants to come in and become exit liquidity. I don't think shorting here is a wise choice☠️
BitMine plans to launch MAVAN to resist the sharp drop in ETH prices
According to Cointelegraph, BitMine plans to launch the 'Made in America Validator Network' (MAVAN) to stake its ETH holdings. The company is piloting collaborations with three infrastructure providers, with a launch expected in the first quarter of 2026.
BitMine Chairman Tom Lee stated that after scaling up, this strategy will benefit the long-term interests of shareholders. BitMine's stock price has fallen along with other cryptocurrency companies, and the market is expected to remain sluggish through 2025.
According to a report by 10x Research, BitMine is facing over $3.7 billion in unrealized losses due to the sharp drop in ETH prices. The price of ETH fell from its historic high of $4,900 in August to $2,700, resulting in a loss of over $1,000 per ETH for the company.
Oh my God, I thought gold was about to shoot up to like $1,000 a gram.
Binance News
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Tether plans to purchase approximately 100 tons of gold this year to drive up gold prices.
According to ChainCatcher, investment bank Jefferies states that Tether is a major reason for the recent surge in gold prices. Verification data and on-chain activity show that Tether has accumulated a large amount of gold in recent months, tightening gold supply.
Investors reveal that Tether plans to purchase approximately 100 tons of gold this year, with CEO Paolo Ardoino expecting gold prices to soar to $1000 per ounce.
According to an analyst team, as of the end of the third quarter, Tether held approximately 116 tons of gold, of which 12 tons support XAUt tokens and 104 tons support USDT. Jefferies pointed out that Tether increased its gold holdings by about 26 tons in the third quarter, accounting for 2% of global demand.
The data is wrong. Gold is over $4,000 per ounce right now, so it should be about $1,000 per gram!
Binance News
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Tether plans to purchase approximately 100 tons of gold this year to drive up gold prices.
According to ChainCatcher, investment bank Jefferies states that Tether is a major reason for the recent surge in gold prices. Verification data and on-chain activity show that Tether has accumulated a large amount of gold in recent months, tightening gold supply.
Investors reveal that Tether plans to purchase approximately 100 tons of gold this year, with CEO Paolo Ardoino expecting gold prices to soar to $1000 per ounce.
According to an analyst team, as of the end of the third quarter, Tether held approximately 116 tons of gold, of which 12 tons support XAUt tokens and 104 tons support USDT. Jefferies pointed out that Tether increased its gold holdings by about 26 tons in the third quarter, accounting for 2% of global demand.
Yi Lihua: This round looks at ETH reaching $7000, multiple positive factors will start a new round of bull market
BlockBeats news, November 9, Liquid Capital (formerly LD Capital) founder Yi Lihua calls for Ethereum again: "This round looks at ETH reaching $7000, nothing is more important than the midterm elections, and nothing is more beneficial to the midterm elections than distributing money. Looking back at the 2020 pandemic bull market, the core driving force of the market was also the distribution of money to the public. Recent investment research data has been positive, combined with the fact that short positions in the market have already accumulated, everything is in place to start a new round of bull market; we just need to be patient and avoid touching contracts, as the volatility in the spot market is already significant. Since the ETH market started in April, it's only been a few months. Buffett once said that no one is willing to become rich slowly, as humans have an instinctive gene that craves quick success, and we need to work hard to overcome these human weaknesses."
Opinion: If Trump's $2000 tariff dividend is successfully distributed, it will release strong liquidity into the market.
BlockBeats news, on November 9, financial newsletter The Pomp Letter author Pomp (Anthony Pompliano) expressed his views on "Trump's statement today that he will pay every American at least $2000 in tariff dividends": "If Trump really gives citizens $2000 from tariffs, history might regard the panic rhetoric of April 2025 as one of the most foolish mainstream consensus seen by our generation. The $2000 tariff dividend for each person will also release strong liquidity into the market."
Trump stated earlier today: "Those who oppose tariffs are fools! We are now the richest and most respected country in the world, with an inflation rate of almost zero, and the stock market has reached an all-time high. The balance of 401k retirement accounts has also reached a historical peak. We earn trillions of dollars each year and will soon be able to start paying off our massive $37 trillion debt. Investment in the United States has hit an all-time high, and factories and businesses are springing up like mushrooms after rain. We will pay every person at least $2000 in dividends (excluding high-income groups!)."
Odaily Planet Daily News According to the U.S. Congress website, California Congressman Ro Khanna proposed a resolution numbered H.Res.849 on October 31, calling for the prohibition of public officials from obtaining personal benefits through cryptocurrency-related businesses and promoting the establishment of regulatory mechanisms to prevent conflicts of interest and foreign influence.
The resolution has been submitted to the House Committee on Financial Services, the Committee on Oversight and Reform, the House Administration Committee, and the Judiciary Committee for review. The document states that transparency and regulation of political figures' digital asset activities need to be strengthened to ensure fairness in policy-making and public trust.
XRP Hidden Bullish Divergence May Trigger Short-term Rebound, Over $695 Million in Shorts Face Squeeze Risks
According to Cointelegraph, the hidden bullish divergence on the XRP chart may provide some relief for bulls. The over $695 million in XRP shorts may face squeeze risks.
The 3-day chart for XRP shows a 'hidden bullish divergence,' with the price forming higher lows while the Relative Strength Index (RSI) forms lower lows. Analysts believe this indicates a weakening of downward momentum.
Historically, XRP has typically rebounded quickly after such divergences, but these rebounds are not lasting. XRP has dropped 11.95% in the past 24 hours, with a lowest trading price of $2.229.
Arthur Hayes: "Stealth QE" may restart, potentially igniting the next round of Bitcoin bull market
Odaily Planet Daily News reports that Arthur Hayes has published a new long article stating that the operations of the U.S. Treasury and the Federal Reserve are brewing a "Stealth QE," which could become the core catalyst for driving a new round of increases in Bitcoin and the cryptocurrency market.
Currently, U.S. government spending continues to expand, and political incentives determine that they are more inclined to issue debt rather than raise taxes. Foreign central banks are more inclined to buy gold instead of U.S. Treasuries due to the risk of their dollar assets being seized after the Russia-Ukraine war. The U.S. personal savings rate is insufficient to support the issuance of national debt, while the four major commercial banks have only absorbed a small portion of the new debt. The "Relative Value (RV) Hedge Fund" has become the marginal buyer of U.S. Treasuries, primarily financing the purchase of Treasuries through repurchase agreements (repo) leverage.
A certain whale shorted ASTER worth approximately 18.81 million USD with 3x leverage, currently with a floating loss of 980,000 USD
BlockBeats news, on November 2, according to HyperInsight monitoring, a certain whale shorted 15.3 million ASTER with 3x leverage, worth approximately 18.81 million USD, opening price 1.162 USD, liquidation price 2.11 USD, current floating loss 980,000 USD.
A certain whale shorted ASTER worth approximately 18.81 million USD with 3x leverage, currently with a floating loss of 980,000 USD
BlockBeats news, on November 2, according to HyperInsight monitoring, a certain whale shorted 15.3 million ASTER with 3x leverage, worth approximately 18.81 million USD, opening price 1.162 USD, liquidation price 2.11 USD, current floating loss 980,000 USD.
Odaily Planet Daily News CZ stated on platform X that today he has purchased some ASTER with his own money. I am not a trader and will hold after buying.