SUI breaks through $3.6 Trump nominates head of Bitcoin strategic reserve

Headline

▌SUI breaks through $3.6, continues to hit a record high

The market shows that SUI breaks through $3.6, continues to hit a record high, and is now at $3.62, with a 24-hour increase of 7.4%. The market fluctuates greatly, please do a good job of risk control.

▌Trump nominates Satoshi ActionFund co-founder as head of Bitcoin strategic reserve

Donald Trump nominates Satoshi ActionFund co-founder Dennis Porter as head of Bitcoin strategic reserve.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $91,253.25, with a daily increase or decrease of +3.9%;

ETH's latest transaction price is $3,102.90, with a daily increase or decrease of +1.5%;

BNB's latest transaction price is $620.53, with a daily increase or decrease of -0.1%；

SOL's latest transaction price is 218.27 US dollars, and its intraday increase or decrease is +3.9%；

DOGE's latest transaction price is 0.3794 yuan, and its intraday increase or decrease is +2.8%；

XPR's latest transaction price is 0.8856 US dollars, and its intraday increase or decrease is +8.1%。

Policy

▌New York Supreme Court allows Greenidge to continue operating its mining operations

A New York State Supreme Court ruling allows Greenidge Generation to continue generating electricity and mining bitcoin at its facility in Dresden, New York, and to reapply for the Clean Air Act Title V air permit that was denied by the New York State Department of Environmental Conservation (DEC) in June 2022. Nevertheless, the court also affirmed DEC's authority to deny the permit under the Climate Leadership and Community Protection Act (CLCPA). The court found that DEC's decision was arbitrary and capricious, but there was no evidence that DEC engaged in improper policy making, which means that Greenidge's permit will be reconsidered.

Blockchain Applications

▌Holoworld Launches Agent Market, Supporting Communities to Create AI Agents

Crypto AI project Holoworld announced today the launch of the AI ​​Agent Market platform on the Base chain, allowing various communities to create and deploy their own AI agents. The main functions of the platform include: support for the creation of multimodal social AI agents, customizable templates, personality, knowledge base, voice, avatar and other attributes; Currently supports group chat and private messaging functions, and will be expanded to social platforms such as X (Twitter), Telegram, Discord, etc. in the future. It will support multimodal content generation such as pictures, videos, and audio, and plans to add on-chain functions; the platform is mainly aimed at Internet creators, online communities and digital native brands, and adopts a voting system to gradually open community access.

▌Aave is assessing the community's interest in deploying Spiderchain on the Bitcoin L2 network

Lending protocol Aave is seeking community input to understand the level of interest in deploying Spiderchain on the Bitcoin L2 network. The Aave-Chain Initiative (ACI), the driving force behind the protocol, has published a draft for comments on a proposal from Spiderchain developer Botanix Labs, which aims to scale lenders and lock more than $17 billion worth of funds in the emerging Bitcoin DeFi environment. After collecting feedback, the protocol will need to identify and mitigate potential security risks. ACI has not yet provided an expected timeline for this process.

Cryptocurrency

▌Coinbase closed up about 9.7%, and Bitcoin futures rose more than 19% this week

At the end of New York trading on Friday (November 15), the main contract of CME Bitcoin futures BTC was reported at US$92,260.00, up 4.78% from the end of New York trading on Thursday, and a cumulative increase of 19.26% this week. It rose to US$94,065.00 on November 14. In the past seven natural days, spot Bitcoin has risen by about 19.28% in total, temporarily reporting US$91,287.38, and also rose to US$93,462.17 on November 14, a record high. The main contract of CME Ethereum futures DCR was reported at US$3,110.00, down 0.61% from Thursday, and a cumulative increase of 4.86% this week, reaching US$3,483.50 on November 12. Cryptocurrency exchange Coinbase closed up 9.69%, and the two-fold long Bitcoin ETF rose 9.36%.

▌He Yi: If Giggle Academy releases coin issuance or investment news, then the account is stolen

Binance co-founder He Yi responded to the information about "Giggle Academy releasing tokens" on the X platform: "If Giggle Academy releases any coin issuance or asks you to invest, then the account is stolen."

▌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.

▌The total BTC holdings of US spot Bitcoin ETFs have reached 96% of Satoshi Nakamoto

According to data from Bloomberg senior analyst Eric Balchunas, the total BTC held by US spot Bitcoin ETFs as a whole has increased to 1.05 million, and more than 96% of the progress has been completed, and it is 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 and is now at $220.23, with a 24-hour increase of 4.91%. The market is volatile, so please do a good job of risk control.

▌Yu Xian: It is certain that the private keys of the DEXX stolen users have been leaked, and the leakage method still needs to be investigated

SlowMist founder Yu Xian posted on the X platform: "Pay attention to the DEXX trading tool. Many users have been stolen. There are several stolen users who have requested us from various channels early in the morning. The losses are large and small. The thefts were concentrated in time, and the losses are estimated to be not small. Some users discovered it in time and withdrew part of the funds. The stolen people are related to using DEXX to make earth dogs/speculate MEME. The private keys belong to the centralized custody of DEXX and must have been leaked. As for the leakage method, we will wait for investigation and disclosure."

Important Economic Dynamics

▌The three major U.S. stock indexes closed down collectively

▌Short selling of crypto mining stocks hit a new high this year, reaching $4.6 billion in the past 30 days

According to short-selling research firm S3 Partners, short selling of Bitcoin mining stocks has soared 50% to $4.6 billion in the past 30 days. This is the highest level in 2024. The share prices of Bitcoin mining companies such as Riot, Marathon Digital and CleanSpark have risen by 86%, 55% and 73% respectively since September, far higher than the increase in Bitcoin. Matthew Unterman, managing director of S3 Partners, said that he believes that such a rapid rise may trigger a short squeeze and lead to market turmoil.

▌Fed's Goolsbee: Will continue to refer to the September dot plot, and should slow down when approaching the neutral interest rate

Fed's Goolsbee said that we will refer to the Fed's September dot plot to consider interest rate cuts. Personally, I tend not to move directly to the neutral interest rate, and should slow down when approaching the neutral interest rate. The neutral interest rate is significantly lower than the current level of the Fed's policy rate. In the Fed's policy considerations, everything is always under discussion. He also said that inflation data must continue to improve. If you start to see a reversal in the inflation process, you must figure out whether this is just a short-term fluctuation. There has not been much change in this regard in the past few weeks. However, inflation has been slightly above the target level recently. If this situation continues, the (long-term) inflation level will be too high.

▌Spot gold recorded its largest weekly drop since June 2021

Spot gold fell 0.12% to $2,561.72 an ounce, down 4.58% this week, the largest weekly drop since June 2021; spot silver fell 0.71% to $30.238 an ounce, down 3.4% this week.

Golden Encyclopedia

▌KrakenWhat is Ink?

Ink is a second-layer bridge being developed by Kraken, which aims to improve the efficiency of decentralized finance (DeFi) by increasing transaction speed, reducing costs and increasing flexibility. Kraken's Ink seamlessly integrates centralized and decentralized environments, providing users with all the necessary tools and services while alleviating the common challenges associated with these environments. The solution runs as a second-layer (L2) solution on Ethereum, alleviating the pressure on the first-layer (L1) chain.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish correct investment concepts and be sure to increase risk awareness.