Headlines
▌SUI breaks through $3.6, setting a new all-time high
The market shows that SUI has broken through $3.6, setting a new all-time high, currently trading at $3.62, with a 24-hour increase of 7.4%. The market fluctuates greatly, please manage the risks.
▌Trump nominates Satoshi ActionFund co-founder as Bitcoin strategic reserve manager
Donald Trump has nominated Satoshi ActionFund co-founder Dennis Porter as the Bitcoin strategic reserve manager.
Market
As of the time of writing, according to Coingecko data:
BTC's latest trading price is $91,253.25, with a daily change of +3.9%;
ETH's latest trading price is $3,102.90, with a daily change of +1.5%;
BNB's latest trading price is $620.53, with a daily change of -0.1%;
SOL's latest trading price is $218.27, with a daily change of +3.9%;
DOGE's latest trading price is $0.3794, with a daily change of +2.8%;
XPR's latest trading price is $0.8856, with a daily change of +8.1%.
Policy
▌New York Supreme Court allows Greenidge to continue its mining operations
A ruling by the New York State Supreme Court allows Greenidge Generation to continue generating electricity and conducting Bitcoin mining at its facility in Dresden, New York, and to reapply for the Title V air permit that the New York State Department of Environmental Conservation (DEC) denied in June 2022. However, the court also affirmed DEC's authority to deny the permit under the Climate Leadership and Community Protection Act (CLCPA). The court found DEC's decision to be arbitrary and capricious, but there was no evidence of improper policy-making, meaning Greenidge's permit will be reconsidered.
Blockchain Applications
▌Holoworld launches Agent Market, supporting community-driven creation of AI agents
The crypto AI project Holoworld today announced the launch of the AI Agent Market platform on the Base chain, allowing various communities to create and deploy their own AI agents. The platform's main features include: supporting the creation of multi-modal social AI agents with customizable templates, personalities, knowledge bases, voices, and avatars; currently supporting group chat and private messaging functions, and will expand to platforms like X (Twitter), Telegram, and Discord in the future, with plans to support multi-modal content generation, and on-chain functionalities; the platform is primarily aimed at internet creators, online communities, and digital native brands, and will gradually open up community access through a voting mechanism.
▌Aave is evaluating community interest in deploying Spiderchain on a Bitcoin L2 network
The lending protocol Aave is seeking community feedback to gauge interest in deploying Spiderchain on a Bitcoin L2 network. The driving force behind the protocol, the Aave-Chain Initiative (ACI), has released a request for comments on a proposal from Botanix Labs, the Spiderchain developers, aiming to scale the lending pool and lock over $17 billion in capital in the emerging Bitcoin DeFi ecosystem. After gathering feedback, the protocol will need to identify and mitigate potential security risks. ACI has not provided an expected timeline for this process.
Cryptocurrencies
▌Coinbase rises about 9.7%, Bitcoin futures up over 19% this week
At the New York close on Friday (November 15), the CME Bitcoin futures BTC front-month contract was reported at $92,260.00, up 4.78% from the New York close on Thursday, with a weekly gain of 19.26%, having reached $94,065.00 on November 14. Over the past seven calendar days, the spot Bitcoin has cumulatively risen about 19.28%, currently trading at $91,287.38, having reached a record high of $93,462.17 on November 14. The CME Ether futures DCR front-month contract was reported at $3,110.00, down 0.61% from Thursday, with a weekly gain of 4.86%, having reached $3,483.50 on November 12. The cryptocurrency exchange Coinbase rose 9.69%, and the double-long Bitcoin ETF rose 9.36%.
▌He Yi: If Giggle Academy releases token or investment news, the account has been hacked
Binance co-founder He Yi responded on the X platform to the information about "Giggle Academy releasing a token": "If Giggle Academy releases any token issuance or investment news, then that account has been hacked."
▌Cathie Wood: Bitcoin will reach $1.5 million by 2030
ARK Invest CEO Cathie Wood predicted in an interview that Bitcoin will reach $1.5 million by 2030.
▌US spot Bitcoin ETFs now hold 96% of Satoshi Nakamoto's BTC
According to data from Bloomberg senior analyst Eric Balchunas, US spot Bitcoin ETFs as a whole now hold a total of 1.05 million BTC, completing over 96% of the progress, and are about to surpass Satoshi Nakamoto to become the world's largest Bitcoin holder.
▌SOL breaks through $220
The market shows that SOL has broken through $220, currently trading at $220.23, with a 24-hour increase of 4.91%. The market fluctuates greatly, please manage the risks.
▌Yu Chien: It can be confirmed that the private keys of DEXX users have been leaked, and the leakage method still needs to be investigated
Slow Mist founder Yu Chien posted on the X platform saying: "Pay attention to the DEXX trading tool, some users have been hacked, and we have received several hacked users from various channels early in the morning. The losses are large and small. The hacking time is concentrated, and the loss is estimated to be not small. Some users discovered it in time and withdrew part of the funds. The hacked group is related to using DEXX to do on-chain meme/MEME speculation, the private keys are centralized custody of DEXX, and they must have been leaked, as for the leakage method, etc., it still needs to be investigated and disclosed."
Important Economic Dynamics
▌US stock indexes collectively closed lower
The three major US stock indexes collectively closed lower, with the Nasdaq falling 2.24%, down 3.15% for the week; the S&P 500 index fell 1.32%, down 2.08% for the week; the Dow fell 0.7%, down 1.24% for the week. Among them, the Nasdaq and S&P 500 indexes recorded their largest weekly declines since September, and the Dow recorded its largest weekly decline since late October. Most large-cap tech stocks fell, with Amazon and Meta falling over 4%, Nvidia falling over 3%, Microsoft and Intel falling over 2%, and Apple, Netflix, and Google falling over 1%; Tesla rose over 3%. Disney rose over 5%, up 16.21% for the week, its largest weekly gain in the past 24 years.
▌Short interest in crypto mining stocks hits a new high of $4.6 billion in the past 30 days
According to short research firm S3 Partners, short interest in Bitcoin mining stocks has surged 50% in the past 30 days, reaching $4.6 billion, the highest level so far in 2024. Stocks of Bitcoin miners like Riot, Marathon Digital, and CleanSpark have risen 86%, 55%, and 73% respectively since September, far outpacing Bitcoin's gains. S3 Partners managing director Matthew Unterman said the rapid rise could trigger a short squeeze, leading to market volatility.
▌Fed's Bullard: Will continue to refer to the September dot plot, should slow down when approaching the neutral rate
Fed's Bullard said we will refer to the Fed's September dot plot when considering rate cuts, and personally, I tend not to go straight to the neutral rate, but to slow down the pace when approaching the neutral rate, as the neutral rate is significantly lower than the current policy rate level. Any item is always under discussion in the Fed's policy considerations. He also said that inflation data must continue to improve, and if we start to see a reversal in the inflation process, we need to find out if it is just a temporary fluctuation. There has not been much change in this area in the past few weeks. However, recent inflation is slightly higher than the target, and if this continues, the (long-term) inflation level will be too high.
▌Spot gold posts its biggest weekly decline since June 2021
Spot gold fell 0.12%, closing at $2,561.72 per ounce, down 4.58% for the week, the largest weekly decline since June 2021; spot silver fell 0.71%, closing at $30.238 per ounce, down 3.4% for the week.
Gold Encyclopedia
Ink is a layer-2 bridge being developed by Kraken, aimed at improving the efficiency of decentralized finance (DeFi) by increasing transaction speed, reducing costs, and enhancing flexibility. Kraken's Ink seamlessly integrates the centralized and decentralized environments, providing users with all the necessary tools and services while mitigating the common challenges associated with these environments. The solution runs as a layer-2 (L2) solution on Ethereum, relieving the pressure on the layer-1 (L1) chain.
Disclaimer: Jinse Finance, as a blockchain information platform, the articles published are for informational reference only and do not constitute actual investment advice. Please everyone establish the correct investment concept, and must improve risk awareness.
