1. Popular cryptocurrencies on CEXs
Top 10 CEX trading volumes and their 24-hour price changes:
- BTC: -1.11%
- ETH: -3.25%
- BNB: -5.31%
- KITE: +138.00%
- SOL: -7.24%
- DOGE: -3.59%
- ZEN: +50.09%
- ZEC: +20.15%
- ASTER: -15.44%
- DASH: +66.81%
24-hour gainers list (data source: OKX):
- ICP: +41.43%
- ZK: +25.36%
- SCR: +19.76%
- MINA: +19.34%
- BAT: +18.95%
- DGB: +18.20%
- BICO: +14.94%
- AR: +13.23%
- ZENT: +12.84%
- RDNT: +11.28%
24-hour cryptocurrency stock gainers list (data source: msx.com ):
- VivoPower International PLC - MSX (VVPR.M): 17.97%
- Amkor Technology Inc. - MSX (AMKR.M): 17.13%
- Cipher Mining Inc. Common Stock - MSX (CIFR.M): 17.05%
- ProShares UltraShort Ether ETF - MSX (ETHD.M): 14.06%
- IREN Limited Ordinary Shares - MSX (IREN.M): 10.45%
- Hut 8 Corp. Common Stock - MSX (HUT.M): 10.24%
- GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF - MSX (CONI.M): 9.34%
- Treasure Global Inc. Common Stock - MSX (TGL.M): 7.13%
- ProShares UltraShort Bitcoin ETF - MSX (SBIT.M): 6.05%
- Core Scientific, Inc. Common Stock - MSX (CORZ.M): 5.11%
2. Top 5 trending on-chain memes (data source: GMGN ):
- ZTARKNET
- PlaiPin
- COMPANY
- Apple
- TELEGRAM
Headlines
The US federal government shutdown is just one step away from breaking historical records.
The U.S. federal government shutdown entered its 34th day on November 3, just one step away from breaking the historical record of 35 days set at the end of 2018 and the beginning of 2019. The destructive impact of this shutdown is directly affecting civil aviation, food, medical care and other fields and continues to expand, putting pressure on both people's livelihoods and the economy.
Federal Reserve Governor Smirnov stated that overemphasizing the strength of the stock market and corporate credit markets is inappropriate when assessing monetary policy. He believes that current monetary policy remains too tight and increases the risk of economic downturn. In an interview, Smirnov said, "Financial markets are driven by many factors, not just monetary policy." He used this to explain why, in last week's vote on a first-quarter rate cut, he opposed a 25 basis point cut and favored a 50 basis point cut. He pointed out that factors such as rising stock prices and narrowing corporate credit spreads "do not necessarily tell you the stance of monetary policy" when interest rate-sensitive sectors such as the housing market are performing poorly and some private credit markets are under pressure.
Regarding the technical details of the Balancer theft, kebabsec auditor and Citrea developer @okkothejawa posted on the X platform, stating, "(The check error mentioned by @moo9000) may not be the root cause, because in all 'manageUserBalance' calls, ops.sender == msg.sender. The security vulnerability may have occurred in a transaction prior to the creation of the contract for withdrawing assets, as it caused some state changes in the Balancer vault."
Strategists: Remain bullish on the middle section of the Japanese government bond yield curve.
In a report, Morgan Stanley MUFG strategists Koichi Sugisaki and Hiromu Uezato stated that they remain bullish on the middle segment of the Japanese government bond yield curve. They believe that the Bank of Japan's terminal interest rate pricing may face downward repricing risks as the US economic situation changes. Furthermore, although fiscal problems appear to have eased somewhat under the new government, they remain cautious about long-term bonds. The strategists pointed out that the investment plans of Japan's top ten life insurance companies for the second half of fiscal year 2025 suggest they are unlikely to be a stable source of demand for ultra-long-term Japanese government bonds.
Industry News
Balancer hackers are converting stolen assets into ETH.
According to monitoring by on-chain analytics platform Lookonchain (@lookonchain), Balancer hackers are converting stolen assets into ETH.
Decentralized prediction market platform Polymarket saw significant growth in October, with monthly active users reaching a record high of 477,900, a 93.7% increase from September. Monthly trading volume also rebounded to a record high of $3.02 billion, while the number of new markets reached 38,300, nearly three times that of August. Polymarket plans to relaunch in the US at the end of November, launching its native token POLY and an airdrop event.
Meanwhile, Kalshi, a compliant prediction market platform based in the United States, led the market with $4.4 billion in monthly trading volume, consolidating its market dominance. In early October, Kalshi completed a $300 million funding round, valuing the company at $5 billion and attracting further investor attention.
On November 3rd, according to SoSoValue data, the crypto market saw continued pullbacks across various sectors. The AI sector fell 4.82% in the past 24 hours. Within the sector, Virtuals Protocol (VIRTUAL) fell 12.46%, and ChainOpera AI (COAI) fell 10.38%, but 0G bucked the trend, rising 3.83%. Additionally, BTC fell 0.25%, maintaining a narrow range around $109,000, while Ethereum (ETH) fell 0.72%, breaking below the $3,900 mark.
In other sectors, the PayFi sector fell 0.36% in the last 24 hours, but Dash (DASH) surged 33.39%; the Layer 1 sector fell 0.85%, with Internet Computer (ICP) rising 20.46% within the sector; the CeFi sector fell 1.02%, with WhiteBIT Token (WBT) and Aster (ASTER) bucking the trend, climbing 7.75% and 21.96% respectively; the DeFi sector fell 1.53%, with Aave (AAVE) remaining relatively strong, rising 1.09%; the Layer 2 sector fell 1.90%, with zkSync (ZK) rising 30.45%; and the Meme sector fell 2.66%.
The crypto sector indices, which reflect the historical performance of the sector, show that the ssiAI, ssiDePIN, and ssiGameFi indices fell by 4.76%, 3.41%, and 2.56%, respectively.
According to feedback from multiple community members, the X platform has removed the mutual following display page. Elon Musk's personal profile information corroborates this.
This feature has now been restored to normal, or it may have been affected by a display bug on the X platform.
Project News
BNB Chain: Fermi Hardfork version has been officially released.
BNB Chain announced on the X platform that the Fermi Hardfork version has been officially released and is available for the BSC network. This upgrade reduces the block interval from 750 milliseconds to 450 milliseconds. The planned activation time is:
Testnet: 2:25 AM UTC, November 10, 2025
Mainnet: To be announced after stress testing is completed.
RaveDAO announced that it will launch a five-day "Genesis Membership" minting event on November 11th at 11:11 AM UTC. Genesis members will receive on-chain identity and priority membership benefits within the global entertainment ecosystem, unlock eligibility for a lucky draw, and have a chance to win surprise rewards. The official statement indicates that more details will be released within 48 hours. Previously, RaveDAO posted a text message "$RAVE? 👀", hinting at the imminent launch of its ecosystem token .
LazAI, in collaboration with ZKM, Metis, and GOAT Network, has officially launched GMPayer, a multi-currency payment hub powered by x402. This platform aims to build a decentralized, trustless, multi-chain, multi-currency payment system that supports instant, multi-transaction payments between AI Agents. GMPayer will evolve through a four-stage development path, starting with establishing a basic payment hub and gradually becoming a universal value exchange layer supporting seamless interaction across the entire AI, data, and service chain.
GMPayer builds its technological ecosystem on four core strengths: LazAI directly binds data sources, rights, and benefits to datasets and models through the Data Anchored Token (DAT) standard; ZKM uses zero-knowledge proofs to ensure the verifiability and trustlessness of x402 transactions; Metis, as the core of execution and settlement, provides low fees and fast finality; and GOAT, as the native Bitcoin settlement layer, enables ultra-low-cost cross-chain flow through EIP-3009 and zkRollup.
The platform is simultaneously launching its proof-of-concept token, BANG, on both Metis Andromeda and GOAT Network, with a total supply of 1 billion (half on each chain). Of these, 250 million will be allocated to token minting and 250 million to liquidity on each chain. BANG tokens are currently only for proof-of-concept use and have no utilities yet. Token minting will begin at 00:00 China time on November 4, 2025.
Participants can join in the following ways:
1. Visit the GMPear website (https://gmpayer.ai), connect your wallet, and select a network;
2. Convert $METIS or $GOATED to $xMETIS or $xGOATED at a 1:1 ratio;
3. By contributing the equivalent of $1 USD in tokens through the x402 payment interface, you can receive 5000 $BANG tokens.
This proof-of-concept token minting event will last for 72 hours and supports repeated participation (maximum of $1 per participation).
Investment and Financing
The Smarter Web Company, a UK-based Bitcoin asset management firm, is raising $360,000 in funding.
According to BitcoinTreasuries.NET, the UK-based Bitcoin asset management firm The Smarter Web Company (SWC) is raising $360,000 in funding.
Nasdaq-listed Tharimmune announced the completion of a $540 million private funding round, led by DRW and Liberty City Ventures, with participation from ARK Invest, Bitwave, Broadridge, Clear Street, Copper, Digital Asset, Feynman Point Asset Management, Five North, Kaiko, Kenetic, Kraken, LendOS, Lukka, Nima Capital, MPCH, Obsidian Software, Polychain Capital, Proof Group, SBI Group, The Tie, Tradeweb Markets, and 7RIDGE. The Canton Foundation, the regulator overseeing Canton Network, also participated. The new funds will support the company in establishing a Canton utility token treasury and conducting token purchases. (PRNewswire)
Standard Money raises $8 million in strategic funding round, led by Yzi Labs.
Standard Money, the developer of the BNB Chain-based stablecoin USDSD, announced the completion of an $8 million strategic funding round led by Yzi Labs, with participation from Gate.io, Crypto.com, and Animoca Brands. The new funds will be used to support Standard Money's mainnet launch and expand its liquidity partnerships and global operations.
Regulatory Trends
The Chief Executive of the Hong Kong Securities and Futures Commission stated that Hong Kong will allow locally licensed virtual asset trading platforms to share global order books with their overseas affiliates to increase liquidity.
French lawmakers approve wealth tax on cryptocurrencies
According to a Cointelegraph article, French lawmakers have approved a measure to levy a "non-productive wealth" tax on large-scale cryptocurrency holdings. Cryptocurrency holders could face a 1% annual tax if their idle assets exceed €2 million.
Character voices
Akshat Vaidya, co-founder and head of investment at Maelstrom (Arthur Hayes' family investment office), criticized Pantera in an article published on X, stating that he invested $100,000 in Pantera's Early-Stage Token Fund LP four years ago, and now only has $56,000 left because Pantera charges a 3% management fee and a 30% performance fee.
Over the past four years, Bitcoin has doubled in value, and countless seed-round projects have seen their value increase by 20-75 times. However, this fund, through its fee-based mechanism, devoured half of its limited partners' (LPs) principal. While the investment year is important, losing 50% in any given period is the worst possible performance.
Yi Lihua, founder of Liquid Capital (formerly LD Capital), wrote: With the Nasdaq continuing to rise, the current cryptocurrency market sentiment is excessively panicked. In the short term, cryptocurrency offers good investment value; one should be greedy when others are fearful, but of course, proper risk control and stop-loss orders are essential, as unknown risks may still exist in the market. He still advises non-genius professional traders not to participate in contract trading, as the volatility of the cryptocurrency spot market is already high enough.
CZ: I have never proposed starting my own bank.
CZ stated in a post on the X platform that claims about his proposal to start a bank are incorrect. While he supports banks collaborating with cryptocurrencies, he personally has no interest in running a bank.
Peter Schiff replied to Michael Saylor: Insufficient buying power
Economist and cryptocurrency critic Peter Schiff criticized Michael Saylor's insufficient buying in an article on X, saying that Bitcoin has fallen 6% from the average purchase price last week and that more buying is needed to support the price.
Previously, Michael Saylor posted on X that MicroStrategy purchased 397 BTC for approximately $45.6 million, at an average price of approximately $114,771 per BTC. As of November 2nd, the company held a total of 641,205 BTC, with a total cost of approximately $47.49 billion and an average cost of $74,057 per BTC, representing a 26.1% BTC return by 2025.
- 核心观点：加密市场普遍回调，AI板块领跌。
- 关键要素：
- AI板块24小时下跌4.82%。
- BTC下跌0.25%，ETH跌破3900美元。
- Balancer遭黑客攻击，资产被兑换为ETH。
- 市场影响：短期情绪受挫，板块分化加剧。
- 时效性标注：短期影响
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