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Circle has reversed its USDC policy to permit lawful firearm transactions, aligning with the GENIUS Act and President Trump’s “Fair Banking” executive order. The update follows pressure from gun rights advocates and lawmakers, marking a major shift in how stablecoin issuers navigate political and regulatory scrutiny.
The New York Stock Exchange's self-rescue movement essentially redefines the business model of traditional exchanges. With the IPO market shrinking, trading volumes declining, and data services experiencing sluggish growth, traditional exchanges can no longer rely solely on their conventional profit models to maintain competitiveness.
Chainlink’s exclusive partnership with Japan’s SBI Digital Markets and its new enterprise infrastructure rollouts mark a major step toward institutional blockchain adoption—fueling optimism for LINK’s long-term growth.
The early-November crypto crash shook the market, but whales are quietly turning it into an opportunity. On-chain data shows large holders accumulating Aster, Bio Protocol, and Syrup — three altcoins showing bullish divergences, OBV and CMF breakouts, and clear recovery setups that could define the next leg once broader sentiment stabilizes.
From getting rich by holding coins to selling coins to repair watches, the capital market is no longer unconditionally rewarding the narrative of simply holding tokens.
Liquidity is the key factor influencing the current performance of the crypto market.
The Internet Computer’s ICP token has doubled in a week amid mounting on-chain accumulation and investor optimism, suggesting its breakout may reflect lasting confidence in projects with real utility.
US ADP employment in October saw the largest increase since July, with previous figures also revised upward. However, experts caution that the absence of nonfarm payroll data means this figure should be interpreted cautiously.
Bitcoin price has rebounded above $103,700 after narrowly avoiding a breakdown near $98,900. But weak money flow, continued hodler selling, and a looming bearish crossover suggest the recovery remains fragile. Unless the price gains 12% to reclaim key resistance, Bitcoin’s relief rally could still turn into another correction.
- 12:55Bloomberg: Wall Street Faces Stress Test as Bitcoin FallsChainCatcher news, according to Bloomberg, the cryptocurrency market has experienced a rapid and unexpectedly large-scale brutal sell-off in recent weeks. Friday's decline pushed the price of bitcoin close to $80,500, marking its worst monthly performance since 2022. Bitcoin's total market capitalization has evaporated by about $500 billions, and other altcoin markets have also suffered heavy losses. Although the price of bitcoin remains above the level it was at when Trump won the presidential election, its rally during Trump's first year in office has largely faded. This month, investors have withdrawn billions of dollars from 12 bitcoin-related ETFs. Digital Asset Reserve Companies (DATs), inspired by Michael Saylor's Strategy Inc., are also facing even steeper outflows. Fadi Aboualfa, Head of Research at Copper Technologies Ltd., stated that institutional investors do not have a "HODLing" mentality; they rebalance their portfolios when the market declines. This crash lacked the previous systemic pressures and obvious scandal events. Cantor Fitzgerald & Co. analysts Brett Knoblauch and Gareth Gacetta believe that most of the decline can be attributed to the flash crash on October 10, an event that may have had a greater impact on the balance sheets of many large participants than initially expected, forcing them to sell. The flash crash on October 10 liquidated $19 billions in crypto bets within a few hours, exposing issues of insufficient weekend trading liquidity and excessive leverage accumulation on some exchanges. Liquidity in the crypto market remains very low, and market makers weakened by the crash are struggling to step in and support prices. According to Coinglass data, about $1.6 billions in bets were liquidated on Friday. The crypto market is acting as a proxy for rapid risk appetite and is interacting with the volatile trading of tech stocks. Adam Morgan McCarthy, Senior Research Analyst at blockchain data company Kaiko, pointed out that medical device companies or cancer research companies rebranding themselves as "cryptocurrency reserve companies" is a signal of the market cycle. According to CoinMarketCap data, the Fear and Greed index, which measures crypto market sentiment, fell to 11 out of 100 on Friday, entering the "extreme fear" zone.
- 12:41Aerodrome suffers DNS attack, temporarily avoid interacting with the Aerodrome Finance websiteForesight News reported that the Base-based DEX Aerodrome has officially tweeted that it is investigating a suspected DNS hijacking incident. Currently, there are security risks when accessing the Aerodrome Finance website. Please do not use any domain to visit this site, including centralized domains (.finance and .box).
- 11:56Data: Bitcoin dropped from $107,000 to $85,000 in just 11 days, with a long/short account ratio of 2.67:1 for Bitcoin on a certain exchange in 24 hours.According to ChainCatcher, on-chain analyst Ai姨 has monitored that bitcoin dropped from $107,000 to $85,000 in just 11 days, with the market continuing to decline. In the past 24 hours, the total amount of liquidations in the market reached $1.87 billion, with longs accounting for 87% of that; over the past week, the cumulative liquidation scale was between $5 billion and $7 billion, with BTC accounting for 40-60%. Due to last night's dip, both BTC and ETH OI have decreased to varying degrees in the past 24 hours, with BTC OI at $58.55 billion and ETH at $32.72 billion. Contrary to intuitive perception, longs still dominate the existing OI. Taking BTC data from a certain exchange as an example, the 24-hour long-short account ratio is 2.67:1, and the ratio among top traders is as high as 3.38:1; most exchanges maintain a positive funding rate, meaning longs continue to pay shorts.