While meme coins may seem like a fun investment, they are highly volatile and pose a risk of scams. Webacy, a blockchain analytics firm, warns investors of three key signs of meme coin scams. These include concentrated holders, shady influencers, and special powers such as unlimited token supply. To protect oneself, it is recommended to conduct thorough research and use safety screens and risk scores on analytics sites.
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market data shows that the ETH/BTC exchange rate has fallen below 0.036, dropping to pre-election levels and is currently trading at 0.03598. The market is volatile, so please be prepared for risk control.
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In 2023, the Cardano Foundation spent $23.7 million in four areas. As of December 31, 2023, Cardano had assets worth $478.24 million, with 82.5% in ADA, 10.1% in BTC, and the rest in USD liquidity. Since then, BTC has increased by 109%, while ADA has lost 9% of its value. The Cardano Foundation, a non-profit organization that supports the Cardano network, has released its first Financial Insights Report, which details its spending on operations, education, and adoption in 2023.
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data shows that as the price of BTC breaks through $93,000, MicroStrategy's Bitcoin holdings are now worth over $26 billion, reaching approximately $26.06 billion, with current unrealized gains exceeding $14 billion.
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The Data Nerd has monitored that an address has earned $108,000 through 7 transactions with PNUT at a price of $1,100. If they had only held 51.27 million PNUT without trading, they could have earned up to $247 million from the initial $1,100 investment.
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Onchain Lens monitoring shows that in the past 12 months, FTX/Alameda has released a total of 4,081,760 SOL from collateral, currently valued at $864.84 million. The wallet still has 6,764,705 SOL in collateral, valued at $1.432 billion.
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Bybit, the world's second-largest cryptocurrency exchange by trading volume, has experienced a significant surge in its futures trading volume, increasing by 61% from September to October. This growth is due to several factors, including strategic listings of new and popular cryptocurrencies, the popularity of meme coins, and the exchange's commitment to institutional clients. Bybit's Head of Institutional and Derivatives expressed excitement about the impressive results and the market's confidence in the platform. Bybit serves over 50 million users and provides a professional platform with an ultra-fast matching engine, 24/7 customer service, and multilingual community support.
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According to Arkham monitoring, the Bhutanese government holds 12,568 bitcoins worth over $1 billion.
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Bitcoin hit a record high of $81,858 on Sunday, rising by almost 18.5% from the previous week and settling at around $81,500 on Monday. The increase in value is attributed to President-elect Donald Trump's pledge to support the industry and the success of pro-crypto candidates in down-ballot races. Ethereum and Dogecoin have also experienced price surges, as have shares of Coinbase, Robinhood Markets, and Microstrategy. Trump's expected crypto-friendly policies following the Republican's control of the Senate and potential majority in the House are also contributing to the post-election boost.
Former President Trump has changed his stance on the crypto industry, now embracing it as a counter to the Securities and Exchange Commission's stricter regulatory approach under President Biden. He has promised to make the US the "crypto capital of the planet" and has vowed to keep all bitcoin held or acquired by the government. Trump has also invested in digital currency, with his joint fundraising committee accepting donations via Coinbase and launching his own family cryptocurrency platform. The crypto industry was the largest corporate donor in the 2024 election cycle, with donations accounting for 44% of all corporate money contributed.
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it was reported that Musk revealed that Tesla is improving the design of the Optimus robot to solve key bottleneck issues in the production process. Musk has expressed high confidence in the Optimus robot multiple times before, predicting that it will become one of the most popular innovative products of all time due to its outstanding performance. (Jinshi)
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According to Onchain Lens monitoring, Amber Group's affiliated wallet withdrew 3.92 million ENA from Binance 30 minutes ago, worth about $2.18 million.
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Cardano founder Charles Hoskinson has confirmed plans to collaborate with the US government under the leadership of President Trump to help formulate cryptocurrency legislation. The goal is to create a clear regulatory framework for the cryptocurrency industry, which has faced uncertainty and regulatory challenges for years. Hoskinson announced these plans in a recent speech and stated that developing positive policies regarding cryptocurrency requires support from both the Democratic and Republican parties. He stated that his company, Input Output Global (IOG), will establish a separate policy department for cryptocurrency regulation. This office will focus on developing a legislative framework that incorporates the provisions of the 21st Century Financial Innovation and Technology Act (FIT21) and the Responsible Financial Innovation Act (RFIA). He added, "I will work with legislators and the government to push for a bipartisan bill to be passed."
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today's panic and greed index is 78, with the level changing from greed to extreme greed. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market survey (15%) + bitcoin's proportion in the entire market (10%) + Google keyword analysis (10%).
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Amazon recently participated in a blockchain tokenization simulation in collaboration with stablecoin company StraitsX and NTT Digital. Typically, Amazon marketplace sellers receive payment every 14 days, but in some cases this may be extended to 90 days. The simulation involves tokenizing these accounts receivable and placing them on an exchange, where creditors can purchase them at a slight discount.
In the simulation, these sellers receive StraitsX XSGD stablecoins packaged as Purpose Bound Money (PBM). Packaging can include conditions for the use of funds or simply ensure compliance with regulations such as KYC.
It should be noted that this is purely a simulation and not a solution planned by Amazon.
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Cointelegraph published an article on X platform stating that Tom Lee, former chief stock strategist at Morgan Stanley and co-founder and research director of FundStrat Global Advisors, said in an interview with CNBC that Bitcoin may become a "treasury reserve asset" to help offset the US deficit. In addition, Bitcoin could still reach $100,000 this year with significant room for growth.
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decentralized derivatives trading platform dYdX announced that it will launch an upgraded version called dYdX Unlimited in November. The upgrade will include permissionless market listings, MegaVault (which obtains liquidity from dYdX users and acts as a market maker for all dYdX Chain markets), and the Affiliates Program. The company also stated that it plans to release a series of other enhanced features in the coming months, including new integrations with popular wallets and third-party services, permission keys, instant deposits, and more innovative features.
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According to SoSoValue data, yesterday (November 8th US Eastern Time), the net inflow of Ethereum spot ETF was 85.8566 million US dollars.
Yesterday, Grayscale Ethereum Trust ETF ETHE had a net outflow of 0.00 US dollars, and the historical net outflow of ETHE is 3.142 billion US dollars.
Grayscale Ethereum Mini Trust ETF ETH had a net outflow of 0.00 US dollars, and the historical total net inflow of Grayscale Ethereum Mini Trust ETH is 302 million US dollars. The Ethereum spot ETF with the most net inflows yesterday was BlackRock ETF ETHA, with a net inflow of 59.7681 million US dollars, and the historical total net inflow of ETHA has reached 1.437 billion US dollars. The second is Fidelity ETF FETH, with a net inflow of 18.3954 million US dollars, and the historical total net inflow of FETH has reached 557 million US dollars.
As of the time of publication, the net asset value of Ethereum spot ETF was 8.272 billion US dollars, and the ETF net asset ratio (market value compared to the total market value of Ethereum) reached 2.34%. The historical cumulative net outflow has reached 337 million US dollars.
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data analyst @ai_9684xtpa monitored that Tether transferred 632 million USDT to Cumberland DRW in the past 13 hours. The total amount of USDT transferred from Tether Treasury to DWR in the past three days has reached 1.178 billion. It is reported that Cumberland DRW is one of the important market makers of Binance, and about 79% of the USDT issued to Cumberland will be sent directly to Binance.
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On November 9th, CZ stated on X platform that when Bitcoin continues to reach new historical highs, investors should engage in appropriate risk management and be prepared for future lows (and peaks) to ensure they can handle them. Control your greed and don't put all your eggs in one basket.
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21:00-7:00 Keywords: DXY, USDT, S&P 500
Coinbase analyst: the macro environment will be favorable in the next 1 to 2 quarters;2. JPMorgan: the Fed is expected to end its balance sheet reduction in Q1 2025, not by the end of 2024;3. All three major US stock indexes hit new all-time highs;4. BTC broke through $77,000, continuing to hit new all-time highs;5. 1.67 billion USDT flowed from Tether Treasury to exchanges within two days;6. Tesla's intraday gains expanded to 8%, reaching a new high since April 2022;7. The S&P 500 index surpassed 6,000 points for the first time;8. The US dollar index DXY broke through 105, rising 0.64% intraday. #DYOR42711