With Trump winning the US elections the day before yesterday, today (November 8), the Fed lowered the benchmark interest rate by 25 basis points to 4.50%-4.75% (the second rate cut of the year, in line with market expectations), market sentiment continues to soar, and Bitcoin has continuously broken historical highs reaching 76,990 dollars.

Although the results of the US elections will have a long-term impact on the crypto market, we should not ignore the short-term volatility risks. In this week’s fluctuating Bitcoin rally, just in the past 24 hours, the total liquidation amount in the crypto market exceeded 348 million dollars, with more than 96,000 people being liquidated. Meanwhile, the open interest for Bitcoin on exchanges has reached a historical high of 46.6 billion dollars, which usually indicates that there may be greater volatility or that the short-term has reached a peak. Please do not FOMO and try to stay away from leverage.

Written by: Mu Mu, Plain Language Blockchain

Not long ago, former Binance CEO Zhao Changpeng was released from prison in the United States and returned to Dubai to attend industry events, which broke the outside world's speculation that he would be "pledged" by the United States for a long time. Recently, Zhao Changpeng was also included in the Hurun Rich List as the founder of the world's largest crypto trading platform. While people lamented that he would "get into trouble" as a rich man, looking back at the history of crypto development, many founders and executives of leading crypto companies have been arrested and imprisoned, and some people even listed a long list of "cryptocurrency entrepreneurial risk lists". Some people can't help but ask: Why is the "prison risk" of these cryptocurrency giants so high?

Written by: Biteye Core Contributor Viee

Editor: Biteye Core Contributor Crush

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Written by: James Hunt

Translated by: Blockchain in Plain Language

As the results of the U.S. presidential election settle, what changes will the cryptocurrency industry face following Donald Trump's victory?

In this year's campaign, Trump demonstrated a new pro-cryptocurrency stance and for the first time made crypto policy an important issue, proposing a series of commitments. His commitments include firing SEC Chairman Gary Gensler on his 'first day in office', reducing the sentence of Silk Road founder Ross Ulbricht, establishing a presidential cryptocurrency advisory council, abolishing SAB 121, ending 'Operation Choke Point 2.0', making the U.S. a 'superpower' in Bitcoin mining, and establishing a national strategic Bitcoin reserve.

Written by: Stella L

In October 2024, the Web3 gaming market performed steadily, contrasting with the broader crypto market's growth trend. Bitcoin rose by 15.9% during the month, nearing its historical price peak, while the market cap of gaming tokens remained at $21.15 billion, close to last month. Daily active users reached 5.3 million, mainly driven by Telegram-based games, particularly blockchain projects like Matchain, Sui, and Core, which achieved significant user growth by integrating Telegram gaming.

This month saw several important developments: traditional gaming giant Ubisoft launched its first blockchain game on Oasys, and crypto fund VanEck invested in Gunzilla Games. Meanwhile, capital continues to flow into the industry, with Azra Games raising $42.7 million in funding.

Written by: NingNing

In July, Base, this 'Digital American West', welcomed a major player: SynFutures. As of today, SynFutures has accumulated $26 billion in trading volume on Base, accounting for more than half of the market share of the PerpDEX track in the Base ecosystem.

Recently, SynFutures launched the Perp Launchpad platform on Base, creating a brand-new perpetual contract issuance model.

However, before deconstructing this new toy, we must first understand a harsh reality: under the current market environment, the growth of PerpDEX encounters bottlenecks, and top players like dYdX, Hyperliquid, GMX, and SynFutures have already divided up the profitable perpetual contract varieties. What remains is either a trading volume so meager that it is hard to maintain, or it becomes an arbitrage tool due to low pricing efficiency.

Written by: Zhao Yuhe, Wall Street Insights.

Informed sources have told the media that Richard Farley, a partner at Kramer Levin Naftalis & Frankel law firm, and Norm Champ, a partner at Kirkland & Ellis law firm, are candidates to succeed Gary Gensler as chair of the U.S. Securities and Exchange Commission (SEC).

Additionally, media reports mention that Robinhood's Chief Legal Officer Dan Gallagher, current SEC Commissioner Mark Uyeda, and former Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert are also among the candidates.

Other sources have told the media that former SEC Commissioner Paul Atkins and Robert Stebbins, a partner at Willkie Farr & Gallagher law firm, are also under consideration. Reuters previously reported that Atkins served in Trump's 2016 transition team and was a strong contender for the SEC chair position that year.

Metrics Ventures' November market observation guide for the secondary crypto market:

1/ The disordered consolidation that has lasted for 7 months has finally come to an end. The price actions before and after the election clearly reflect the liquidity dilemma emphasized repeatedly in the past few months and the growing pricing power outside the market. The trading behaviors of the past cycle are increasingly constrained by the changing environment, and the market has given all participants a clear answer.

2/ From the perspective of the market, various operations of altcoins are constrained by a significant lack of liquidity, with price actions ending in failure. This month's fully circulating altcoin market cap is around 1 billion USD, while the loss of price anchoring for new coins and the rapid rotation in the Meme sector further confirm the issues with capital flow in the market.

Author: 0xTodd

I am not afraid of offending people - the "Binance listing dilemma" is an inevitable outcome, and the redemption plan is very cruel.

1. Traditional Listing vs Crypto Listing

The two most important purposes of traditional companies going public are:

1. Refinance and expand production;

2. Endorsement;

Both are designed to enable companies to gain commercial competitive advantages and create more profits for themselves and their shareholders.

Secondly, both:

3. Founders and investors exit;

4. Motivate employees;

The former is a real benefit and encourages the birth of more businesses in society; the latter gains business advantage by increasing employee loyalty.

On November 9, HashKey Capital and Decrypt announced the launch of Layer East Media, the most influential and largest Web3 media alliance in the Asia-Pacific region (APAC), and will hold an MOU signing ceremony at Thailand Blockchain Week 2024 on November 10. As a leading think tank information platform in the field of blockchain and Web3.0, TechFlow provides cutting-edge information and research reports with an international perspective for industry entrepreneurs and innovators, and successfully serves as a member of the Layer East Media Alliance Council.

Layer East Media brings together the top Web3 media in the Asia-Pacific region, aiming to help Western companies/projects overcome the challenges of understanding the diverse business environment in the Asia-Pacific region (language, cultural barriers, etc.) and the diverse business landscape in the Asia-Pacific region. In addition, the alliance will assist in sharing relevant news to better attract local users. Layer East Media board members include leading blockchain media from the Asia-Pacific region and beyond, including:

Deep Tide TechFlow news, according to HTX market data, Ethereum has risen above 3000 USD, currently quoted at 3040.28 USD, with a 24-hour increase of 3.53%.

According to SoSoValue data, the total net inflow of Bitcoin spot ETFs was US$293 million yesterday (November 8, Eastern Time).

Yesterday, Grayscale ETF GBTC had a daily net outflow of US$0.00. The current historical net outflow of GBTC is US$20.188 billion.

Grayscale Bitcoin Mini Trust ETF BTC had a net outflow of $0.00 per day, and the current total net inflow of Grayscale Bitcoin Mini Trust BTC is $542 million. The Bitcoin spot ETF with the largest net inflow in a single day yesterday was BlackRock ETF IBIT, with a net inflow of $206 million per day, and the current total net inflow of IBIT is $27.387 billion. The second largest was Fidelity ETF FBTC, with a net inflow of $33.5197 million per day, and the current total net inflow of FBTC is $10.761 billion.

According to TechFlow, based on SoSoValue data, the total net inflow of Ethereum spot ETFs was US$85.8566 million yesterday (November 8, Eastern Time).

Yesterday, Grayscale Ethereum Trust ETF ETHE had a daily net outflow of US$0.00. The current historical net outflow of ETHE is US$3.142 billion.

Grayscale Ethereum Mini Trust ETF ETH had a net outflow of $0.00 per day, and the current total net inflow of Grayscale Ethereum Mini Trust ETH is $302 million. The Ethereum spot ETF with the largest net inflow in a single day yesterday was BlackRock ETF ETHA, with a net inflow of $59.7681 million per day, and the current total net inflow of ETHA is $1.437 billion. The second is Fidelity ETF FETH, with a net inflow of $18.3954 million per day, and the current total net inflow of FETH is $557 million.