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Data: If ETH falls below $2,886, the cumulative long liquidation intensity on major CEXs will reach $1.206 billions
According to ChainCatcher, citing data from Coinglass, if ETH falls below $2,886, the cumulative long liquidation volume on major CEXs will reach $1.206 billions. Conversely, if ETH breaks above $3,186, the cumulative short liquidation volume on major CEXs will reach $931 millions.
According to ChainCatcher, citing data from Coinglass, if ETH falls below $2,886, the cumulative long liquidation volume on major CEXs will reach $1.206 billions. Conversely, if ETH breaks above $3,186, the cumulative short liquidation volume on major CEXs will reach $931 millions.
All three major U.S. stock indexes closed higher, with Intel rising over 10%.
ChainCatcher news, according to Golden Ten Data, U.S. stocks closed higher on Friday. The Dow Jones Industrial Average rose 0.61%, the S&P 500 Index gained 0.54%, and the Nasdaq Composite Index increased by 0.65%. The silver sector led the gains, with Intel (INTC.O) up more than 10%, Meta Platforms (META.O) up more than 2%, and AMD (AMD.O) up more than 1%.
ChainCatcher news, according to Golden Ten Data, U.S. stocks closed higher on Friday. The Dow Jones Industrial Average rose 0.61%, the S&P 500 Index gained 0.54%, and the Nasdaq Composite Index increased by 0.65%. The silver sector led the gains, with Intel (INTC.O) up more than 10%, Meta Platforms (META.O) up more than 2%, and AMD (AMD.O) up more than 1%.
MegaETH Co-Founder: Suspension of Pre-Deposits Aims to Ensure Healthy Ecosystem Growth, Sincerely Accepts Criticism
BlockBeats News, November 28, MegaETH co-founder brother bing (@hotpot_dao) posted regarding the termination of the MegaETH pre-deposit event, stating, "The team is very dissatisfied with this pre-deposit event, which exposed our lack of preparation for alternative plans. The original intention was to allow community users to exchange some USDm in advance, so that they could interact with some on-chain applications on day one when the mainnet launches. But this intention was buried by poor execution and incorrect market predictions (we initially worried that the $250 million cap would not be filled, so we did not set a limit for individual accounts). In the end, a healthy ecosystem should grow gradually and try to avoid peaking at the very beginning."
Previously, MegaETH announced that it would no longer proceed with the $1 billion cap plan, would refund all funds raised through the pre-deposit bridge, and planned to reopen the USDC and USDM swap bridge before the launch of the Frontier mainnet.
BlockBeats News, November 28, MegaETH co-founder brother bing (@hotpot_dao) posted regarding the termination of the MegaETH pre-deposit event, stating, "The team is very dissatisfied with this pre-deposit event, which exposed our lack of preparation for alternative plans. The original intention was to allow community users to exchange some USDm in advance, so that they could interact with some on-chain applications on day one when the mainnet launches. But this intention was buried by poor execution and incorrect market predictions (we initially worried that the $250 million cap would not be filled, so we did not set a limit for individual accounts). In the end, a healthy ecosystem should grow gradually and try to avoid peaking at the very beginning."
Previously, MegaETH announced that it would no longer proceed with the $1 billion cap plan, would refund all funds raised through the pre-deposit bridge, and planned to reopen the USDC and USDM swap bridge before the launch of the Frontier mainnet.
BTIG analyst: Bitcoin is expected to rebound to $100,000, with mining stocks Cipher Mining and Terawulf performing strongly
BlockBeats News, November 28, BTIG analyst Jonathan Krinsky stated in a client report on Wednesday that after experiencing a -36% peak-to-trough decline earlier this month, bitcoin is now poised to continue its reflexive rebound, at least back to $100,000. According to data from Coin Metrics, bitcoin was last trading at $92,451.30, up nearly 10% over the past five days, but still down 20% over the past month.
The analyst pointed out that despite the recent pullback, crypto mining companies Cipher Mining and Terawulf have performed strongly during the cryptocurrency correction. Since Monday, Cipher Mining has risen by 35%, and Terawulf by 31%. Barclay's Crypto Mining Index has held its support level and is expected to have another 15% upside before encountering stronger resistance. In addition, ETH, the second largest cryptocurrency by market capitalization, after falling 24% over the past month, also appears poised to reclaim the $3,400 level, with its latest trading price at $3,075.62, up nearly 13% over the past five days. Solana and XRP have risen by 12% and 15% respectively during the same period. (CNBC)
BlockBeats News, November 28, BTIG analyst Jonathan Krinsky stated in a client report on Wednesday that after experiencing a -36% peak-to-trough decline earlier this month, bitcoin is now poised to continue its reflexive rebound, at least back to $100,000. According to data from Coin Metrics, bitcoin was last trading at $92,451.30, up nearly 10% over the past five days, but still down 20% over the past month.
The analyst pointed out that despite the recent pullback, crypto mining companies Cipher Mining and Terawulf have performed strongly during the cryptocurrency correction. Since Monday, Cipher Mining has risen by 35%, and Terawulf by 31%. Barclay's Crypto Mining Index has held its support level and is expected to have another 15% upside before encountering stronger resistance. In addition, ETH, the second largest cryptocurrency by market capitalization, after falling 24% over the past month, also appears poised to reclaim the $3,400 level, with its latest trading price at $3,075.62, up nearly 13% over the past five days. Solana and XRP have risen by 12% and 15% respectively during the same period. (CNBC)
Circle newly mints 500 million USDC; Tether and Circle have cumulatively issued 17.75 billions USD in stablecoins since the "1011" market crash.
BlockBeats News, November 28, according to monitoring by Lookonchain, Circle has just minted another 500 million USDC.
After the "1011" market crash, Tether and Circle minted stablecoins worth 17.75 billions USD.
BlockBeats News, November 28, according to monitoring by Lookonchain, Circle has just minted another 500 million USDC.
After the "1011" market crash, Tether and Circle minted stablecoins worth 17.75 billions USD.
Spot silver hits a record high, gold returns to $4,200 per ounce
BlockBeats News, on November 28, spot silver broke through $55 per ounce, reaching a new all-time high with an intraday increase of over 3%.
Spot gold continued to rise, surpassing $4,200 per ounce for the first time since November 14, with an intraday increase of over 1%. (Golden Ten Data)
BlockBeats News, on November 28, spot silver broke through $55 per ounce, reaching a new all-time high with an intraday increase of over 3%.
Spot gold continued to rise, surpassing $4,200 per ounce for the first time since November 14, with an intraday increase of over 1%. (Golden Ten Data)
Spot silver hits a record high
BlockBeats News, on November 28, spot silver surpassed the previous high set on October 17, setting a new historical record at $54.5 per ounce, with an intraday increase of over 2%. (Golden Ten Data)
BlockBeats News, on November 28, spot silver surpassed the previous high set on October 17, setting a new historical record at $54.5 per ounce, with an intraday increase of over 2%. (Golden Ten Data)
OpenSea CMO denies alleged OpenSea ICO information leaked by a certain exchange
BlockBeats News, November 28, in response to the previous claim by doomer that "a certain exchange leaked OpenSea's $150 million public sale," OpenSea CMO Adam Hollander replied: "Fake."
BlockBeats News, November 28, in response to the previous claim by doomer that "a certain exchange leaked OpenSea's $150 million public sale," OpenSea CMO Adam Hollander replied: "Fake."
The market cap of Solana ecosystem meme coin WOJAK briefly surpassed $60 million, up over 38% in 24 hours.
BlockBeats News, November 28, according to GMGN market data, the Solana ecosystem meme coin WOJAK's market cap briefly surpassed 60 million USD, currently reported at 58.58 million USD, with a 24-hour increase of over 38%.
BlockBeats reminds users that meme coin prices are highly volatile, and users should invest with caution.
BlockBeats News, November 28, according to GMGN market data, the Solana ecosystem meme coin WOJAK's market cap briefly surpassed 60 million USD, currently reported at 58.58 million USD, with a 24-hour increase of over 38%.
BlockBeats reminds users that meme coin prices are highly volatile, and users should invest with caution.
Goldman Sachs trader says the US stock market landscape has become clearer as we enter December
Jinse Finance reported that Goldman Sachs' trading division stated that although the S&P 500 Index may end November roughly flat, the outlook has become significantly clearer as volatility recedes, market breadth improves, and trend-following strategies turn to the buy side. Multiple indicators show that as we enter December, the market is stabilizing. Lee Coppersmith of Goldman Sachs wrote in a client report that the five-day average of the number of rising S&P 500 constituents minus the number of declining ones—a measure of market breadth—once dropped to -150 earlier this month, indicating "considerable damage beneath the surface." However, on the eve of Thanksgiving, this indicator rebounded to around +150. "This is a huge change—the participation is much broader, not just a narrow squeeze, and it further indicates that the market has released a significant amount of pressure in the middle of this month," he added. Goldman Sachs' volatility panic index conveys similar information. The index is currently around 5, slightly above the average level of the past three years and far below the peak at the beginning of November. The positions of so-called systematic strategies have also been reset. Goldman Sachs traders estimate that over the past month, the scale of sell-offs related to the S&P 500 Index was about $1.6 billion, and stated that these trades drove the previous market decline. After this round of de-risking has been largely digested by the market, the bank's baseline scenario for next month has shifted to net buying, with a scale of about $470 million. "This means that, compared to a few weeks ago, we are entering December with a much cleaner starting point," Coppersmith wrote.
Jinse Finance reported that Goldman Sachs' trading division stated that although the S&P 500 Index may end November roughly flat, the outlook has become significantly clearer as volatility recedes, market breadth improves, and trend-following strategies turn to the buy side. Multiple indicators show that as we enter December, the market is stabilizing. Lee Coppersmith of Goldman Sachs wrote in a client report that the five-day average of the number of rising S&P 500 constituents minus the number of declining ones—a measure of market breadth—once dropped to -150 earlier this month, indicating "considerable damage beneath the surface." However, on the eve of Thanksgiving, this indicator rebounded to around +150. "This is a huge change—the participation is much broader, not just a narrow squeeze, and it further indicates that the market has released a significant amount of pressure in the middle of this month," he added. Goldman Sachs' volatility panic index conveys similar information. The index is currently around 5, slightly above the average level of the past three years and far below the peak at the beginning of November. The positions of so-called systematic strategies have also been reset. Goldman Sachs traders estimate that over the past month, the scale of sell-offs related to the S&P 500 Index was about $1.6 billion, and stated that these trades drove the previous market decline. After this round of de-risking has been largely digested by the market, the bank's baseline scenario for next month has shifted to net buying, with a scale of about $470 million. "This means that, compared to a few weeks ago, we are entering December with a much cleaner starting point," Coppersmith wrote.