According to Odaily Planet Daily, Uniswap founder Hayden Adams posted on X that new competitors often make grand pronouncements about "replacing Uniswap," and the team welcomes this kind of competition, believing that the arena would become boring without competition.
He stated that he did not rule out the possibility that certain projects might bring about different changes, but he personally remained skeptical about this.
Odaily Planet Daily reports that Hourglass posted on X that refunds for erroneous transactions during the second phase of the Stable pre-deposit campaign have been processed. The relevant deposits have been fully refunded and were not included in this campaign; the refunds have been sent directly to the wallet that initially initiated the USDC transfer. All erroneous transactions included:
1. Send USDC directly to the contract address;
2. Set the receiving address for the pre-iUSDT shares to the contract;
3. When calling redeemNonKyc, set the receiving address to the contract.
Odaily reports that Orderly Network has announced the launch of a four-week UCC Trading Championship with a total prize pool of $200,000. Participants will compete for rewards based on their PnL rankings.
Users who trade using the Aegis stablecoin YUSD are eligible to receive an additional reward equivalent to 0.3% of the total Aegis token supply.
This event supports participation from platforms such as WOOFi, Aegis DEX, WHAT Exchange, SalsaDEX, ZoomerOracle, and Taiki DEX.
According to Odaily Planet Daily, Congressman Brandon Gill (a Texas Republican and Trump ally), recently increased his Bitcoin holdings again. According to the latest Congressional transaction disclosure documents filed on November 18, Gill purchased between $100,000 and $250,000 worth of BTC on October 20, and subsequently added between $15,000 and $50,000 to the BlackRock Bitcoin Spot ETF (IBIT) at the end of October.
Gill is one of the most active members of Congress in allocating Bitcoin this year, having purchased a total of $2.6 million worth of BTC since taking office in January, and allocating up to an additional $150,000 in IBIT. (Decrypt)
According to Onchain Lens monitoring, two new large-scale accumulation events have occurred on the blockchain, targeting SOL and BTC respectively.
The address "BRzF5" has recently accumulated 100,791 SOL tokens from Bybit, Binance, OKX, and Kraken, worth approximately $14 million.
The address “bc1qa…” received 636.59 BTC from BitGo, worth approximately $58.27 million.
According to Odaily Planet Daily, crypto analyst Ai Yi (@ai_9684xtpa) has observed recent activity in the early APX position held by address 0xA10…a5C09. On-chain records show that this address purchased 7.41 million APX tokens at an average price of $0.05301 between January and June 2022, and subsequently received additional tokens from the APX DAO contract.
Two months ago, this address deposited 9.2 million APX tokens into Aster. Twelve hours ago, it withdrew 9.884 million ASTER tokens from Aster, worth $13.34 million, at a price of approximately $1.35 per token. Based on the initial purchase cost, this address currently has a paper profit of approximately $11.93 million.
Odaily Planet Daily reports that stablecoin project USDai announced on the X platform that its supply will be increased by $250 million at 1:00 AM Beijing time tomorrow. The minting of the new USDai will take place on the Ethereum mainnet, and all newly minted USDai and sUSDai will be distributed on the Base network.
According to an analysis report released on the Cloudflare official blog, the massive outage that occurred on November 18 was not caused by an external network attack, but rather by an incorrect configuration file generated after a database permission adjustment, which caused an anomaly in the core proxy system and triggered outages in multiple products, including CDN, security services, Workers KV, Turnstile, and Access. This is the most serious incident since 2019.
The report indicates that the team initially misjudged the incident as a DDoS attack, but ultimately resolved it by rolling back the old configuration files. All related services were fully restored at 01:06 AM Beijing time on November 19th. Cloudflare stated that the outage was "unacceptable" and will accelerate efforts to improve system resilience.
According to a recent report by 10x Research, despite the growing narrative of a "Bitcoin bear market," many traders are actually maintaining long positions and are under pressure from the recent decline. The report points out that the old cyclical logic of "three years of gains followed by one year of losses" is being cited again, but the key is whether a "crowded consensus expectation" has formed, creating an opportunity for contrarian positioning.
10x Research noted that they turned bearish at the end of October, after which Coinbase's implied volatility fell significantly, exhibiting the typical characteristics of a bear market: "sharp drops and sharp rises coexisting." They emphasized that bear markets are extremely difficult to navigate, but it is precisely because of their extreme volatility that they often create the best strategic opportunities.
The report states that Bitcoin is testing its long-term uptrend line, which has historically formed a key bottom each time it has touched this line, potentially marking a short-term or even strategic turning point. The key question now is no longer whether the market has entered a bear market, but rather, "Is this a good time to buy on dips, or a turning point where caution is advised?"
1. Coinbase partners with Kalshi to develop a prediction market platform;
2. Kraken receives $200 million in strategic investment from Citadel Securities, valuing the company at $20 billion;
3. Circle launches xReserve interoperability infrastructure to enable blockchain deployment of USDC-collateralized stablecoins;
4. Tom Lee said this week may be near the market bottom, and Bitwise CIO called it a "once-in-a-lifetime long-term buying opportunity";
5. The U.S. OCC confirms that banks can hold crypto assets to pay for blockchain network fees;
6. US senators urge the IRS to review its cryptocurrency staking rewards tax policy;
7. Tether announced a strategic investment in Bitcoin mortgage lending platform Ledn, expanding its presence in the digital asset lending market;
8. New Hampshire, USA, launches its first Bitcoin-backed municipal bond;
9. Coinbase CEO: US crypto regulatory legislation is progressing smoothly; expects the CLARITY bill to move forward in December.
10. Hong Kong's Secretary for Financial Services and the Treasury: Hong Kong will create a national "International Asset Vault" and promote the normalization of RWA (Recovery of Assets).
11. Filecoin launches on-chain cloud, providing verifiable, on-chain secure cloud services;
12. Phantom launches Phantom Terminal, a web-based professional trading platform;
13. Eightco (NASDAQ: ORBS) holds over 10% of the circulating supply of WLD;
14. Fidelity will launch the Solana spot ETF, and analysts expect its price to reach $160 by December;
15. Senators call for investigation into World Liberty Financial, a crypto company linked to the Trump family;
16. HSBC plans to expand its tokenized deposit service to the US and UAE markets;
17. Obex completes $37 million funding round, aiming to create the "Y Combinator" of RWA collateralized stablecoins;
18. Drift Protocol releases its token economic model: 55.6% of DRIFT tokens are now in circulation, and the lock-up period for major investors has expired;
19. Privacy-focused DeFi platform 0xbow raises $3.5 million in seed funding, led by Starbloom Capital;
20. The release dates for a new batch of US data have been set, including the CFTC weekly report and PPI;
21. One of Europe's largest banking platforms has chosen Polygon as its preferred "crypto track" for payments, transactions, and staking, processing $690 million in transactions.
22. Bitcoin mining company Bitfury announced a $1 billion investment plan focusing on ethical technology and AI innovation;
23. Nasdaq-listed CYPH purchased another $18 million worth of ZEC, bringing its total holdings to 1.43% of the network supply.
According to crypto analyst EmberCN, SharpLink transferred 5,442 ETH to Galaxy Digital's OTC wallet four hours ago, worth approximately $17.02 million at the current price, suggesting preparation for a sale.
SharpLink, an Ethereum treasury company, holds approximately 861,000 ETH at a cost of about $3,609, and currently has a paper loss of about $430 million.
According to official sources, Coinbase has added World Mobile Token (WMTX) to its listing roadmap. The actual trading launch date will be announced later, pending the completion of market-making support and technical integration.
According to OnchainLens monitoring, a newly created address (0xE2ed…8025) recently received 21,045 ETH from Kraken, equivalent to approximately $64.3 million at current prices. The monitoring team speculates that this address may be associated with BitMine.
According to data from msx.com, at the close of trading on the US stock market, the Dow Jones Industrial Average fell 1.07%, the S&P 500 fell 0.83%, and the Nasdaq Composite fell 1.21%. The crypto sector saw widespread gains, with BTCS rising over 17.65%, HODL rising over 13.2%, UPXI rising over 12.33%, and the VIX rising over 10%.
It is understood that msx.com is a decentralized RWA trading platform that has listed hundreds of RWA tokens, covering US stock and ETF tokens such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.
Odaily Planet Daily reports that the U.S. Treasury Department's Office of the Comptroller of the Currency (OCC) issued Explanation Letter 1186 on Tuesday, clarifying that banks can hold certain cryptocurrencies on their balance sheets to pay for the costs required to operate blockchain networks. The OCC cites Ethereum as an example, noting that ETH is used to pay transaction gas fees, therefore banks can hold necessary crypto assets to ensure the smooth operation of related businesses.
The document emphasizes that if banks are unable to pay the necessary fees for blockchain transactions, they may face "significant risks such as operational complexity, asset price volatility, and transaction delays." Therefore, such holding activities are considered permitted business activities. (The Block)
Odaily Planet Daily reports that Indiana Republican Senator Todd Young sent a letter on November 19 to Treasury Secretary and Acting IRS Commissioner Scott Bessant, urging the IRS to reassess the 2023 tax guidance on cryptocurrency staking rewards.
As a member of the Senate Finance Committee, Senator Yang questioned the rationale behind the current rule that treats pledged rewards as taxable income upon receipt, rather than upon sale. He pointed out that this policy may not accurately reflect the economic nature of the pledging mechanism and urgently needs further review and adjustment. (Bloomberg)
