1. Popular cryptocurrencies on CEXs
Top 10 CEX trading volumes and their 24-hour price changes:
- BTC: -0.42%
- ETH: -1.46%
- SOL: -3.61%
- BNB: -2.59%
- DOGE: -3.55%
- ASTER: -7.86%
- XRP: -3.27%
- SUI: -6.39%
- ZEC: -0.05%
- PEPE: -6.7%
24-hour gainers list (data source: OKX):
- LQTY: +13.4%
- VRA: +9.46%
- FLM: +7.81%
- PRCL: +6.86%
- SD: +6.22%
- NC: +6.08%
- BERA: +5.51%
- ASTER: +5.4%
- PROVE: +5.18%
- ETHFI: +5.17%
24-hour cryptocurrency stock gainers list (data source: msx.com ):
- AMZN: +9.49%
- RGTI: +8.63%
- GOOGL: +3.43%
- AAPL: +2.99%
- NFLX: +2.11%
- CSCO: +1.99%
- SQQQ: +1.02%
- ADBE: +0.92%
- ASML: +0.88%
- MU: +0.86%
2. Top 5 trending on-chain memes (data source: GMGN ):
- KITKAT
- WILCO
- NYSE
- TRUMP
- NEO
Headlines
The Ministry of Commerce announced that the U.S. will suspend its Section 301 investigations targeting China's maritime, logistics, and shipbuilding industries for one year, and China will simultaneously suspend its related countermeasures for one year. In addition, the U.S. will suspend the "50% penetration rule" on export controls announced on September 29 for one year, and China will also suspend the corresponding export control measures announced on October 9 and study detailed follow-up plans.
At the same time, the U.S. will remove the 10% fentanyl tariff imposed on Chinese goods (including Hong Kong and Macao Special Administrative Regions) and continue to suspend the imposition of the 24% equivalent tariff for another year.
Strategy's third-quarter net profit fell to $2.8 billion as Bitcoin holdings growth slowed.
Bitcoin treasury firm Strategy (MSTR) reported third-quarter net income of $2.8 billion, significantly lower than the record $10 billion in the previous quarter, but still slightly exceeding analysts' expectations of $8.42 per share ($8.15). The decline in Bitcoin prices caused its market capitalization/Bitcoin net asset value (mNAV) ratio to fall to approximately 1.2, the lowest since March 2023. The company added approximately 43,000 Bitcoins during the quarter, bringing its total holdings to 640,000 Bitcoins, valued at nearly $69 billion, marking the slowest growth in a first quarter this year. Strategy also raised its variable-rate preferred stock (STRC) dividend to 10.5% to maintain investor demand and continue purchasing Bitcoin.
Jump Crypto transferred $205 million in SOL to Galaxy Digital and received 2,455 BTC.
According to Lookonchain, Jump Crypto transferred 1.1 million unstakinged SOL (worth $205 million) to Galaxy Digital in the past 15 minutes and received 2,455 BTC (worth $265 million).
Industry News
A wallet address suspected to belong to BitMine received 44,000 ETH two hours ago.
Onchain Lens monitoring shows that two newly created wallets received 44,036 ETH, worth $166.76 million, from Kraken and BitGo approximately two hours ago, most likely belonging to BitMine.
Ethereum's next major upgrade, Fusaka, is scheduled to launch on December 3rd.
Ethereum Foundation researchers have officially set a date for its next mainnet hard fork (codenamed "Fusaka"). During a core developer call on Thursday, Ethereum Foundation researchers stated that Fusaka will launch on December 3rd.
Developers had been aiming for this date since at least mid-September. Fusaka launched on the Hoodi testnet this Tuesday, marking the final step towards mainnet activation. Earlier this month, it was successfully deployed on the Holesky and Sepolia testnets.
Coinbase reported a net profit of $433 million in the third quarter, with total revenue increasing 25% quarter-over-quarter to $1.9 billion.
During the quarter, Coinbase increased its Bitcoin holdings by $299 million through weekly dollar-cost averaging, bringing its total holdings to 14,548 Bitcoins. As of September 30, the fair market value of Coinbase's investment-grade crypto assets reached $2.6 billion (of which $1.6 billion was Bitcoin), with an additional $1 billion in crypto assets held as collateral, bringing Coinbase's total available resources (including crypto assets) to $15.5 billion.
Project News
Jupiter has launched a vote on whether to burn 130 million repurchase tokens.
Jupiter has launched a community vote on whether to burn 130 million buyback tokens (approximately 4% of the circulating supply) in the Litterbox Trust contract. The vote will end on November 4.
Stablecoin protocol Noble officially announced on Twitter that it has launched its airdrop process. From October 30th to December 31st, users must link their Cosmos address to their Ethereum mainnet address and complete this step to be eligible for the subsequent airdrop. On TGE day, users can claim their NOBLE tokens to their Ethereum address and then transfer them to the Noble AppLayer.
Canton Network's token CC will soon be listed on Kraken and Bybit.
According to official announcements, both Kraken and Bybit have announced the upcoming listing of Canton Network's token, CC. Canton Network is the first public, permissionless blockchain built specifically for institutional finance. Kraken has added CC to its listing roadmap on its official website, and Bybit has confirmed that it will open trading of CC on its spot trading platform soon.
Investment and Financing
Metalpha receives $12 million in strategic investment from Gortune and Avenir Group.
According to PR Newswire, Nasdaq-listed Metalpha Technology Holding Ltd. (ticker symbol: MATH) announced that it has signed a subscription agreement with two strategic institutional investors, Gortune International Investment Limited Partnership and Avenir Group, to raise approximately $12 million through a private placement. The transaction is expected to close around November 30, 2025.
AI-powered education platform VideoTutor raises $11 million in seed funding, led by YZi Labs.
AI-powered educational platform VideoTutor announced the completion of an $11 million seed funding round, led by YZi Labs, with participation from Jinqiu Capital (affiliated with ByteDance), Baidu Ventures, Amino Capital, and BridgeOne Capital. Founded by 20-year-old Silicon Valley entrepreneur Kai Zhao, VideoTutor combines Large Language Models (LLM) with the Manim rendering pipeline to transform any problem into a personalized animated course. The platform has already attracted over 20,000 users and received more than 1,000 API integration requests from educational institutions.
Regulatory Trends
According to Solid Intel, Central Bank Indonesia Governor Perry Warjiyo stated that the central bank plans to launch a national stablecoin backed by government bonds. This initiative aims to promote the development of Indonesia's digital financial infrastructure and enhance the stability and innovation of the country's monetary system.
Nordea Bank allows clients to trade synthetic ETPs pegged to Bitcoin.
Nordea Bank has announced it will offer its clients exchange-traded products (ETPs) pegged to Bitcoin. Nordea, which has previously maintained a cautious stance on cryptocurrencies, stated that its decision to allow clients to trade cryptocurrency-related products on its platform comes as the European cryptocurrency regulatory environment matures and demand for virtual currencies and cryptocurrencies continues to grow in the Nordic region.
Character voices
JPMorgan analysts say Circle's USDC stablecoin has surpassed Tether's USDT in terms of on-chain activity and market capitalization growth. Since January of this year, USDC's market capitalization has increased from approximately $43 billion to approximately $74 billion, a 72% increase, significantly higher than USDT's 32% growth during the same period. Analysts point out that USDC's growth is due to a clearer regulatory framework, transparent reserve management, regular audits, and compliance advantages under the European MiCA regulations, along with increasing institutional adoption.
In a recent report, Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, predicts that the total market capitalization of tokenized real-world assets (RWAs), excluding stablecoins, will surge from approximately $35 billion currently to $2 trillion by the end of 2028, an increase of about 56 times. He expects "most of the on-chain activity" to occur on Ethereum due to its long-term stability and network effects. The report points out that the adoption of stablecoins paves the way for the on-chaining of other asset classes, including money market funds (MMFs) and stocks.
0xSun posted on the X platform that rather than being overly pessimistic, it's more important to recognize the cyclical nature of the crypto as early as possible. He believes that the market was worse from February to June than recently, but opportunities still emerged such as DAT driving the main upward wave of ETH, XPL and BSC taking over from SOL as the main battleground for Meme, and X402 and ICM.
Most people lack the ability to influence market cycles; learning to adapt to them is a better approach. Focus your energy on seizing opportunities when liquidity is plentiful, and take profits promptly to control risk when the market is challenging.
Trader Eugene: Market "Hell Difficulty" Continues, More Whale Are Being Harvested
Trader Eugene Ng Ah Sio posted on his personal channel that the market's "hellish difficulty" continues, with more whale being wiped out in the past week. Eugene had previously stated that the current market volatility is too high for large long or short positions, describing many skilled traders as being "sliced into sashimi" in the volatile market, and that he himself suffered losses in small-position short-term trading.
