According to an article published on the X platform by The Kobeissi Letter, the University of Michigan Consumer Sentiment Index fell 3.3 points to 50.3 in November, the second lowest on record and below the expected 53.0, marking the fourth consecutive month of decline. The Current Conditions Index fell 6.3 points to 52.3, a record low. The Consumer Expectations Index fell 1.3 points to 49.0, the third lowest since July 2022. Current consumer confidence is lower than during all historical recessions, including 2008.
According to Odaily Planet Daily, market data shows that PYR has broken through 1 USDT and is currently trading at 1.13 USDT, a 24-hour increase of 127%.
According to Odaily Planet Daily, market data shows that altcoins that surged yesterday have all experienced significant pullbacks.
ZEC retreated from a high of 750 USDT to a low of 508 USDT, a retracement of 32.1%.
FIL retreated from a high of 3.97 USDT to 2.99 USDT, a 24.4% decrease.
AR has pulled back from a high of 8.73 USDT to 6.54 USDT, a retracement of 25.1%.
ORDI has pulled back from a high of 7.5 USDT to 5.135 USDT, a retracement of 31.5%.
According to Hyperbot data, the "top ZEC long" whale currently holds a position of 43,000 ZEC tokens, with realized profits of $476,000 and unrealized profits of $500,000. The current ZEC price is $525, with an average entry price of $513.50 and a liquidation price of $469. It's worth noting that this whale previously held a maximum of 55,000 ZEC tokens, with peak unrealized profits reaching $12 million.
Odaily Planet Daily reports that Zafar Masud, chairman of the Pakistan Bankers Association (PBA), stated on Friday that Pakistan is seriously considering launching a rupee-backed stablecoin and is developing a prototype central bank digital currency (CBDC) to increase financial penetration and reduce remittance costs. Masud warned that Pakistan could lose up to $20 billion to $25 billion in crypto-related economic growth opportunities if digital assets are not regulated in a timely manner. The deputy governor of the State Bank of Pakistan revealed that the CBDC prototype is being developed with assistance from the World Bank and the IMF, and pilot testing is planned before a full rollout. Pakistan began inviting international cryptocurrency exchanges and VASPs to apply for licenses in September. (Cointelegraph)
1. Binance Alpha will launch MetaArena (TIMI) on November 9th;
2. Hyperliquid may launch its native lending marketplace, BLP;
3. Bitcoin OG transferred 3600.55 BTC to an exchange, worth $372 million;
4. Monad founder Keone Hon: Locked MONAD tokens cannot be staked;
5. On Polymarket, the probability of a US government shutdown lasting until November 16 or later is currently reported as 57%.
6. Coinbase has officially hinted at the possible launch of a Launchpad platform.
7. Su Binghai, a fugitive in Singapore's biggest money laundering case, had approximately RMB 260 million in assets confiscated in the UK;
8. Binance Alpha and futures will launch Janction (JCT).
According to official sources, Binance Alpha will become the first platform to feature MetaArena (TIMI) on November 9th, according to Odaily Planet Daily.
Once trading is open, eligible users can claim the airdrop using Binance Alpha Points on the Alpha Events page. More details will be released soon.
Please continue to follow Binance's official channels for the latest updates.
Odaily Planet Daily reports that Liquid Capital founder Yi Lihua stated in an article on the X platform: "Investing and trading are actually the most difficult psychological games. Nothing is certain; everything is ambiguous. It can change direction at any time, and it never truly ends. It's a bit like poker—the game never really ends except for the hand itself, and no one can win all the time. Moreover, there is no absolute meaning unless you actively end the game. In the investment and trading market, our job is to react promptly to what happens every moment. For example, our bottom-selling, bottom-buying again, and so on are all decisions made in response to market changes."
According to Odaily Planet Daily, as monitored by MLM, the Hyperliquid team is testing a protocol called BLP on the Hypercore testnet. This protocol may be a native lending market with functions such as lending, supply, and withdrawal. Currently, the market only supports USDC and PURR on the testnet.
According to Odaily Planet Daily, Hourglass posted on the X platform that the KYC link for the second phase of the Stable Pre-deposit Vault is expected to be released before 11:59 PM UTC on November 8 (7:59 AM Beijing time on November 9). After the link is released, users will have 72 hours to complete the KYC verification.
According to Lookonchain, Odaily Planet Daily reports that Bitcoin OG Owen Gunden transferred 3600.55 BTC today, worth $372 million. Of this, 500 BTC (worth $51.68 million) have been deposited into Kraken, and the remaining 3100.55 BTC (worth $320 million) may be transferred in the coming days.
Odaily Planet Daily reports that Monad founder Keone Hon stated in a post on the X platform that locked MONAD tokens cannot be staked. This move aims to address widespread concerns in the crypto community about insiders profiting by staking locked tokens and to set a new standard for the industry. The Monad network will launch with 200 globally distributed validator nodes running on consumer-grade hardware.
According to Odaily Planet Daily, OKX market data shows that BNB has broken through 1000 USDT and is currently trading at 999 USDT, with a 24-hour increase of 4.24%.
Odaily Planet Daily reports that Stables Labs stated in a post on the USDX platform that the market price of USDX has deviated from its reference value due to market liquidity conditions and liquidation dynamics. The team has initiated a recovery arrangement designed to provide affected holders with a recovery path referenced to $1, depending on resource availability. This arrangement is voluntary and does not constitute a guarantee or redemption obligation.
Affected holders' balances will be identified through on-chain snapshots, and a claims registration window has been opened. Recovery will be carried out in phases, depending on resource allocation, liquidity conditions, and cooperation arrangements; progress will be publicly disclosed.
According to official sources, Gate.com has launched XMR perpetual contract trading (USDT settlement), supporting leverage from 1x to 50x. It is also now available on the Gate Perp DEX.
According to data from Polymarket, as reported by Odaily Planet Daily, the probability of the US government shutdown ending after November 16th is now 57%. Previously, the probability of it ending between November 12th and 15th was 34%, and the probability of it ending between November 8th and 11th was 8%.
