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An alleged $44 million hack tied to North Korea’s AppleJeus group has surfaced, linking DWF Labs to one of crypto’s most secretive breaches—raising new alarms about state-backed attacks on the industry.

There are differing interpretations regarding the reasons for this pullback, but it is certain that the market is currently in a crucial waiting period, including the reopening of the U.S. government and a potential policy shift by the Federal Reserve. It is also undeniable that bitcoin’s fundamentals are stronger than ever before.

With structural support weakening, market volatility is expected to increase.

Spot Bitcoin ETFs, which have long been regarded as "automatic absorbers of new supply," are also showing similar signs of weakness.

- 19:16Overview of Monad Tokenomics: 49.4% of the total supply will be unlocked on the first day of mainnet launch, with 10.8% entering circulation through public sale and airdrop, and 38.5% managed by the Monad Foundation.BlockBeats News, November 10, Monad officially released detailed tokenomics. When the Monad public mainnet launches, the initial total supply of MON will be 100 billions, with the following allocation ratios: · Ecosystem Development: 38.5% · Team: 27.0% · Investors: 19.7% · Category Labs Treasury: 4.0% · Public Sale: 7.5% · Airdrop: 3.3% On the day of the mainnet launch, it is expected that 10.8 billions MON (10.8%) will enter circulation through public sale and airdrop, and can be immediately used for ecosystem activities. Another 38.5 billions MON (38.5%) will be allocated to the Ecosystem Development Fund, managed by the Monad Foundation and will be unlocked. In summary, the total unlocked amount on the first day of the mainnet launch will be 49.4 billions MON (49.4%). The tokens for investors, team, and Category Labs Treasury will all be locked on the first day of the mainnet launch and will be gradually released according to established rules to ensure long-term alignment of interests. These tokens will be locked for at least one year (until November 2026), and the specific release schedule will vary by group. At the time of the mainnet launch, 50.6 billions MON (50.6%) will be in a locked state.
- 19:15Analyst: BitMine's ETH holding cost is around $4,020, and this recent increase has slightly lowered the average price.BlockBeats News, on November 10, on-chain data analyst Yujin posted on social media that Bitmine purchased 110,000 ETH last week (approximately $385 million), bringing its total ETH holdings to 3.505 million (approximately $12.42 billions). However, its average ETH cost is as high as $4,020, currently resulting in a significant unrealized loss of $1.66 billions. This recent purchase was made to lower the average cost.
- 19:15Federal Reserve's Musalem urges caution in rate cuts, predicts strong economic rebound in the first quarter of next yearBlockBeats News, November 10, Federal Reserve's Musalem stated that he expects the U.S. economy to rebound strongly at the beginning of next year, highlighting the need for officials to be cautious about additional rate cuts. He mentioned factors such as fiscal support, the impact of rate cuts already implemented, and regulatory easing. Musalem reiterated his view that the current Federal Reserve policy is close to no longer exerting downward pressure on inflation. "We must act cautiously, which is very important, because I believe there is limited room for further rate cuts; otherwise, monetary policy will become excessively loose." After two rate cuts this year, Federal Reserve officials are divided on how much further easing is needed. Federal Reserve Chairman Powell said last month that a rate cut in December is not a foregone conclusion. Several officials who have spoken since the central bank's October meeting have also advocated for pausing rate cuts in December, emphasizing the need to curb inflation that remains above target. (Golden Ten Data)