1. The total transaction volume of perpetual contracts on the chain in Q2 and Q3 was 1185.7 billion US dollars, and the top three accounted for more than 45% of the transaction volume
The total transaction volume of on-chain perpetual contracts in Q2 and Q3 was 1,185.7 billion US dollars, and the top three accounted for more than 45% of the transaction volume, namely Hyperliquid (16.94%), dYdX V3 & V4 (14.37%) and SynFutures (14.11%). Next are Jupiter Perpetual Exchange (6.70%), Orderly Perps (5.52%) and other projects.
2. A certain “ancient whale” from 2009 has sold a total of $9.68 million worth of Bitcoin
An “ancient whale” who has been mining Bitcoin since its inception has recently sold off a large amount. The address has mined thousands of BTC since just five days after the first block was created in 2009, and has now sold a total of $9.68 million worth of BTC, leaving $72.09 million worth of BTC.
3. QCP: Short-term implied volatility peaks at election day expiration, crypto markets still biased bullish
Meanwhile, the S&P 500 hit a record high, with 20% of companies set to report earnings soon. The options market favors protection through the purchase of put options, predicting a 1.8% move in the index on November 6, the day after the election. The correlation between cryptocurrencies and stocks reached an all-time high of 0.83, which could indicate a market inflection point. With both candidates more supportive of cryptocurrencies than the previous administration, weak equity markets could drive flows to crypto markets. Trump's speech in Nashville pushed implied volatility to 85%, while implied volatility for the current election expiration date is 55%. This suggests an opportunity to trade long volatility, as potential delays in election results (such as recounts) could lead to sharp market moves.
4. Crypto payment provider Transak suffered a security incident, 1.14% of users' basic identity information was leaked
Crypto payment provider Transak announced that the company recently suffered a security incident, resulting in the leakage of basic identity information of 1.14% of users. The attacker gained access to an employee's laptop through a complex phishing attack, and then logged into the system of a third-party KYC provider and accessed specific user information stored in the provider's dashboard. The leaked information includes user names and basic identity information. Transak emphasized that no financially sensitive information was leaked, including email addresses, phone numbers, passwords, credit card details, social security numbers, etc. There is currently no indication that the leaked data has been abused.
5. Ras Al Khaimah in the UAE launches DAO regulatory framework for free trade zones
The Ras Al Khaimah Region (RAK) in the United Arab Emirates (UAE) announced the launch of the DAO regulatory framework "DAO Association Regime" (DARe), which will be implemented in the RAK Digital Assets Oasis free trade zone. The framework provides two models: one for emerging projects with less than 100 members, and the other for mature DAOs with a fund size of more than $1 million. Luc Froehlich, Chief Business Officer of RAK DAO, said that the framework will enable DAOs to interact with the off-chain world, such as opening bank accounts and owning on-chain and off-chain assets.
