Original title: Bitcoin tops $80,000 for first time as crypto continues to rally after Trump victory

Original author: AFP

Original source: https://fortune.com/

Compiled by: Daisy, Mars Finance

Bitcoin soared to a new high on Sunday, as traders bet that Donald Trump's return to the White House would be favorable for cryptocurrencies.

Around 12:00 PM GMT (8:00 PM Beijing time), this cryptocurrency first historically broke through the $80,000 mark. As of the time of writing, Bitcoin has reached $80,900.

Since Republican candidate Trump's victory in the U.S. presidential election last Tuesday, Bitcoin has been on the rise, with many believing he will ease regulations on digital currencies.

Original author: blockbeats

Reprinted by: Daisy, Mars Finance

After Trump was elected as the President of the United States, everyone expected BTC to break through $80,000 soon, but no one expected that $80,000 would come so quickly.

Micro Strategy Positions

Micro Strategy is a company that holds a large amount of BTC. Currently, MicroStrategy holds a total of 252,220 bitcoins, with a total purchase cost of approximately US$9.9 billion and an average purchase price of approximately US$39,266. The current total value of Bitcoin holdings is US$20.177 billion.

ETF Inflows

The ETF attracted much attention when it was first launched, mainly because of the influx of a large amount of new funds, and the price of Bitcoin also set a new record. However, the total funds of the ETF soon began to flow out, and the market sentiment began to decline. But recently, the BTC ETF has continued to see a large amount of capital inflow.

Original title: Bitcoin ripe for 'major leg down' as BTC price nears $80K — Trader

Original author: William Suberg

Original source: https://cointelegraph.com/

Translated by: Daisy, Mars Finance

Although the price of Bitcoin is in the process of exploring new highs, this has not stopped market participants from predicting that its price will quickly fall back.

Bitcoin sparks divergence amid weekend price surge, BTC/USD nears $80,000

BTC/USD 1-hour chart. Source: TradingView

Bitcoin surges over the weekend, with mixed market reactions

Bitcoin rose by nearly $2,000 in a single hourly candle on November 10.

Original author: Ice Frog

Reprint: Daisy, Mars Finance

Introduction

It has been two years since Aptos' first airdrop. After all, during the last round of airdrops, simply minting an NFT on the testnet could yield thousands of dollars in airdrop rewards. As the Aptos ecosystem becomes more robust and activities more frequent, the second-phase airdrop should also be on the way. This article will analyze the possibility, timing, and participation strategies for Aptos' second-phase airdrop from multiple dimensions.

I. Overview of Aptos Airdrop

Aptos' first phase airdrop scale: 23,454,750 APT (accounting for 3%)

Community Token Pool: 510M APT (accounting for 51%) Already used community tokens: about 130M APT Remaining usable tokens: about 380M APT

Original Title: A new Trump administration may boost crypto, but the devil is in the details

Original Author: Andrew Singer

Original Source: https://cointelegraph.com/news/trump-boost-crypto-regulation-bitcoin-price

Translated by: Tom, Mars Finance

The next four years are expected to be 'extremely favorable' for the digital asset sector, but the key lies in thoughtful legislation.

After the presidential election on November 5th, market observers told Cointelegraph that Trump's second government could promote the growth of the crypto industry—not only in the U.S. but also affecting overseas markets.

Original title: The Unique Way the Solana Trading Ecosystem Is Making Bank

Original author: Tom Carreras

Original source: https://www.coindesk.com/

Translated by: Daisy, Mars Finance

Trading tools on Solana are extremely profitable, rivaling or even surpassing DeFi blue-chip projects like Maker, Aave, or Lido.

Solana’s on-chain transaction ecosystem is generating surprisingly high revenue.

This is due to its unique network architecture and the various possibilities it provides to traders.

As a standalone sector, Solana’s trading-related activities have become the third most profitable category in the cryptocurrency space, behind only stablecoins and Layer 1 chains.

Last night, Binance announced the launch of GRASS perpetual contracts, which immediately ignited market sentiment. The price of GRASS soared to $3.5, setting a new record high. The trading volume exceeded $700 million in 24 hours. Since its launch on October 29, GRASS has accumulated a growth of more than 400%. So the question is, what is the basis for this coin?

I wrote an article about GRASS before. At that time, the price was only $1.5, and I told everyone to buy it! As expected, the price of GRASS has increased several times. Today, I will talk to you about the latest developments of this coin. You can also go back and read the previous article as a review.

Original source: Nancy, PANews

Reprinted: Koala, Mars Finance

With the continuous expansion of market size and the gradual maturation of operational models, MEME is gradually moving towards scaled and institutional operations. Among them, the participation of some crypto market makers is also increasing, which will continue to drive the enhancement of liquidity and stability in the MEME market.

This article outlines the MEME coin holdings of five crypto market makers, including Wintermute, GSR Markets, Auros Global, B2C2 Group, and Cumberland DRW. These institutions collectively hold over $120 million worth of MEME coins, with Wintermute having the largest holdings and covering the most popular projects, and several of its held MEME coins successfully launched on Binance, indicating its deep layout and influence in the MEME coin field. In contrast, the other institutions have smaller holdings, mainly consisting of traditional MEME coins like PEPE and SHIB, and have made large transfers or sales on multiple platforms.

Original author: Mat Di Salvo

Original title: Solana Jumps to $200 as Bitcoin Price Sets Another All-Time High

Original source: Decrypt

Translation by: Koala, Mars Finance

As Bitcoin continues to set records, confidence is growing that the Trump administration will approve a spot ETF, and Solana has surged as a result.

Solana (SOL) is the fourth-largest cryptocurrency by market capitalization, breaking the $200 mark for the first time in seven months shortly after Bitcoin set its all-time high.

Solana is a layer 1 blockchain network used for issuing tokens and building decentralized applications—from games to decentralized finance (DeFi) platforms. Its native token, SOL, is held by those who support the network and need to pay transaction fees.

Original source: wyz, Deep Tides

Reprint: Koala, Mars Finance

After Trump's victory, Bitcoin broke through 76,000, and the bullish pattern is gaining strength. However, compared to Bitcoin's price movements, what is most beneficial for the growth of the entire industry ecosystem is the altcoin season, and the industry expects richer growth. In the short term, we can see that tokens across various sectors are already closely following the market to reignite enthusiasm. Among these sectors, the 'TON ecosystem' remains a tight focus for investors.

Since the Durov Paris incident two months ago, the TON ecosystem has fallen into a crisis, or rather, entered a new adjustment phase. Even though various meme projects and mini-game projects within the ecosystem are still constantly attracting new users and updating activity information, market-sensitive individuals seem to have sensed the 'faith limitations' of the TON ecosystem.

Original author: Will Canny

Original title: Trump's Biggest Boon to Crypto Would Be Passing the Bitcoin Act: CoinShares

Original source: Coindesk

Compiled by: Koala, Mars Finance

Reports indicate that under the proposal, Bitcoin will be established as a strategic reserve asset, allowing the government to purchase up to 5% of the total supply of cryptocurrencies.

Reports suggest that the (Bitcoin Act) will provide a tremendous boost to the industry.

CoinShares stated that if the bill passes, Bitcoin will have a reserve status similar to that of gold.

The asset management company indicated that the passage of such legislation would generate significant interest from governments and institutions in Bitcoin.

Original Authors: AJC, Messari

Compiled by Luke, Mars Finance

Main Insights

BNB Chain introduced several new incentive programs and initiatives, including the Gas-Free Carnival for stablecoin transfers, the Gas Grants Program, and the fourth phase of the TVL Incentive Program.

The DeFi TVL on the BNB Smart Chain slightly rose to $4.85 billion, maintaining its ranking as the fourth highest TVL chain. Venus Finance and Avalon Finance achieved the highest growth, with Venus's TVL increasing by 13%, while Avalon grew by over 300% after joining the BNB Incubation Alliance.

ETH whales have increased their holdings again

Since starting to accumulate 20,222 ETH on October 29, a whale has added another 9,171 ETH worth $26.16 million in the past 18 hours. Since October 29, he has withdrawn a total of 39,844 ETH (about $10.7 million) from exchanges, currently with an unrealized profit of $8.29 million.

"Smart money with an 85.7% swing win rate" has opened the 15th swing

"Smart money with an 85.7% swing win rate" has opened the 15th swing. In the past 6 hours, this whale has bought 11,267.7 WETH on-chain at an average price of $2,910, valued at $32.78 million.

Whales continue to accumulate RAY, with a cumulative position of $23.9 million

Original source: Chain Catcher

Reposted: Koala, Mars Finance

This is the best of times, and it is also the worst of times. With the approval of Bitcoin spot ETFs in the U.S. at the beginning of the year and the potential victory of Trump at the end of the year, cryptocurrencies represented by Bitcoin are increasingly becoming mainstream dollar assets, while we are experiencing the dullest bull market. Apart from Bitcoin's rise, the crypto industry has yet to see innovations and phenomenal projects like DeFi, NFT, and GameFi from the previous bull market. The industry is generally disappointed with the innovation and returns in various niche tracks, forcing community attention to shift towards the short-term hype of MEME and the frenzy of FOMO. However, amidst the distortions and despair of this structural bull market, a brand new era is quietly approaching.

Original Author: Foresight

Reprinted: Lawrence

Previously, the expenditure situation of the Ethereum Foundation raised widespread concerns in the community, with community members calling for increased transparency. Today, the Ethereum Foundation officially released a report that comprehensively and thoroughly introduces the foundation's core values, expenditure details, treasury status, and the overall situation of the ecosystem.

TL;DR

1. The three core values of the Ethereum Foundation: Long-term thinking, self-restraint (Subtraction), and value guardianship;

2. The Ethereum Foundation spent a total of 105.4 million USD in 2022, with the most on L1 R&D, accounting for 30.4% (32.1 million USD), followed by new institutions or organizations (27.1%, 28.6 million USD);

With Trump's victory, crypto assets surged across the board, but the most notable project was COW, which just launched on Binance, with a maximum increase of 204%.

Some say that COW's choice to launch on Binance was fortunate enough to reap such high gains, while others argue that COW is Vitalik Buterin's favorite swap, as every time he dumps a meme, he uses cowswap, so the cow itself is also a meme. But is this really the case?

In comparison, on the same day, the newly listed DeFi project CETUS in the SUI ecosystem only saw a maximum increase of 100%, which also benefited from the recent surge of SUI. So, why could COW, which had previously received little discussion, lead the DeFi market so strongly? What advantages does the project itself have? Marsbit provides a quick overview of CoW Swap.

Bitcoin spot ETF total assets under management reached $77 billion on November 7, with a net inflow of $236 million for the day.

As of Farside data on November 7, the Bitcoin spot ETF net inflow for the day is $236 million, with current total assets under management of $77 billion.

Among them:

-IBIT net inflow for the day $0;

-FBTC net inflow for the day $190.9M;

-BITB net inflow for the day $13.4M;

-ARKB net inflow for the day $0;

-BTCO net inflow for the day $0;

-EZBC net inflow for the day $0;

-BRRR net inflow for the day $0;

-HODL net outflow for the day $4.3M;

-BTCW net inflow for the day $0;

-GBTC net inflow for the day $7.3M;

Original author: Biteye core contributor Viee

Reprinted: Lawrence, Mars Finance

Recently, several projects that have not yet issued tokens successfully raised over $10 million, involving fields like AI, L2, zk, and DeFi. This article will introduce these 18 projects, including KOL attention, investors, and funding amounts.

1, Azra Games

Raised $42 million, funded by Pantera Capital, Andreessen Horowitz, and others.

A blockchain gaming company aiming to create mainstream collectible and combat role-playing games.

2, Glow

Raised $30 million, funded by Framework Ventures, USV, and others.

The Fed's 'mouthpiece,' Wall Street Journal reporter Nick Timiraos, wrote about the Fed's rate decision for November, which has been translated by Marsbit as follows:

The Federal Reserve decided to cut rates by 25 basis points on Thursday, but released more uncertainty about the pace of future cuts, as the Fed continues to work to prevent the significant rate hikes of the past two and a half years from dragging down the economy.

At the post-meeting press conference, Fed Chair Powell stated that the election would not affect the Fed's recent policy decisions. He also reiterated his intention to remain at the Fed until his four-year term as chair ends in May 2026.

Original source: zhouzhou, BlockBeats

Reprinted: Koala, Mars Finance

Editor's note: Trump returned to the White House, Musk became "Ma Baoguo", and people were surprised to find that Musk wrote in his biography published last year: "'I think it is important to have an inclusive and trustworthy digital public space.' He answered, then paused and added, 'Otherwise, how can we help Trump get elected president in 2024?'"

Fortune magazine wrote in the article that Trump's coming to power may lead to relaxed policies, which will benefit Musk's companies. SpaceX and Starlink are expected to reduce regulatory pressure and win more government contracts; Tesla may also receive support in terms of autonomous driving regulation and electric vehicle tax incentives; Boring Company and Neuralink may benefit from infrastructure projects and faster approval processes. Musk will use his relationship with Trump to influence policies in multiple fields and promote business development.