24-Hour Hot Cryptocurrencies and News | Major Cryptocurrencies Generally Decline; Vitalik Launches Kohaku, an Ethereum Privacy-Preserving Encryption Tool (November 18)

1. Popular cryptocurrencies on CEXs

Top 10 CEX trading volumes and their 24-hour price changes:

1. BTC: -3.95%
2. ETH: -3.94%
3. SOL: -5.2%
4. XRP: -4.36%
5. BNB: -2.2%
6. DOGE: -4.52%
7. ZEC: -14.42%
8. ADA: -5.24%
9. SUI: -3.96%
10. UNI: +3.2%

24-hour gainers list (data source: OKX):

1. ICP: +18.57%
2. VELO: +15.18%
3. KAITO: +14.5%
4. NAVX: 14.4%
5. FIL: +9.48%
6. MNA: +8.31%
7. XPL: +7.39%
8. ULTI: +7.3%
9. YB: +6.84%
10. UXLINK: +6.37%

24-hour cryptocurrency stock gainers list (data source: msx.com ):

1. SmartChain Group - MSX (ICG.M): 23.81%
2. GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF - MSX (CONI.M): 16.05%
3. Qualigen Therapeutics, Inc. - MSX (QLGN.M): 9.16%
4. Eightco Holdings Inc. - MSX (ORBS.M): 9.06%
5. HIVE Digital Technologies Ltd. - MSX (HIVE.M): 7.85%
6. Lithium Americas Corp. - MSX (LAC.M): 7.85%
7. Quantum Computing Inc. - MSX (QUBT.M): 7.55%
8. Nabit-MSX (NA.M): 7.45%
9. GameSquare Holdings, Inc. - MSX (GAME.M): 7.24%
10. Direxion Semiconductor 3x Short Selling ETF - MSX (SOXS.M): 6.99%

2. Top 5 trending on-chain memes (data source: GMGN ):

1. 41 (SOL)
2. 67 (SOL)
3. AVL (BNB)
4. RWA (BNB)
5. TAKE (BNB)

Headlines

Vitalik Buterin releases Kohaku, an Ethereum privacy-preserving crypto tool.

Vitalik Buterin released Kohaku, a suite of privacy-preserving cryptographic tools designed to enhance privacy and security within the Ethereum ecosystem, spearheaded by the Ethereum Foundation. In recent months, Vitalik and the Ethereum Foundation have more explicitly positioned privacy as a fundamental right and goal for blockchain developers.

The White House is currently reviewing allowing the IRS to view citizens' offshore cryptocurrency assets.

The White House is currently reviewing a proposed rule submitted by the U.S. Treasury Department that would allow the United States to join the international Crypto Asset Reporting Framework (CARF). Once approved and implemented, this framework would allow the Internal Revenue Service (IRS) to automatically access transaction information of U.S. citizens' overseas cryptocurrency accounts in order to combat international tax evasion.

Vitalik Buterin criticized FTX, calling it a negative example of "rotating" Ethereum's principles 180 degrees.

Ethereum co-founder Vitalik Buterin stated at the Devconnect conference in Argentina that the defunct cryptocurrency exchange FTX is a "negative example" of the Ethereum philosophy. He pointed out that FTX relied on a centralized structure and required users to "trust that the platform will not do evil," while the core of Ethereum is decentralized, transparent collaboration, and a "cannot be evil" technical design.

In his speech, Vitalik began with old comments from Sam Bankman-Fried, emphasizing that centralized architecture was the root cause of FTX's downfall; in contrast, all Ethereum upgrades are reviewed and collaboratively promoted in a public environment by the community. He stated that FTX was a "company," while Ethereum was a "community," and the two are fundamentally different in structure and values.

Industry News

The crypto industry has become a global criminal "shadow financial system".

The International Consortium of Investigative Journalists (ICIJ) has released a series of investigations titled "Coin Laundry," indicating that the crypto industry is being exploited on a large scale by transnational criminal groups, evolving into a new global "shadow financial system." The investigation reveals that criminal funds have flowed through major platforms such as Binance, OKX, Coinbase, Kraken, Bybit, and Kucoin, and are linked to North Korean hackers, Chinese and Russian criminal organizations, and the Sinaloa Cartel in Mexico.

The ICIJ points out that the speed, anonymity, and global accessibility of blockchain technology allow criminal organizations to transfer funds without traditional financial oversight. Gerard Ryle, Executive Director of the ICIJ, stated that the investigation highlights two core issues: the responsibilities of large trading platforms and why regulation is struggling to keep pace with this highly covert and rapidly expanding system. More than 100 journalists from 35 countries participated in the investigation.

The Canada Pension Plan Investment Board purchased $80 million worth of MSTR assets.

The Canada Pension Plan Investment Board (CPP), owned by the Canadian government, has just purchased 393,322 shares of Strategy (MSTR) worth $80 million.

The Belarusian president said Bitcoin mining helps reduce dependence on the dollar system.

Belarusian President Alexander Lukashenko stated at an energy strategy conference that digital assets can serve as a tool to enhance the country's economic autonomy, emphasizing that Bitcoin and cryptocurrency mining can help reduce dependence on the belarusian dollar-dominated system. He pointed out that despite the volatility of digital assets, the benefits of adopting Bitcoin outweigh the risks in the current context of geopolitical pressures and foreign exchange restrictions.

Project News

DappRadar has announced its impending closure, ceasing operations after seven years due to financial unsustainability.

According to an official announcement from DappRadar, the decentralized application data platform, DappRadar has announced the closure of its platform services. The company stated that operating a platform of this size in the current environment was no longer financially sustainable, and after exploring various options, it had to make the difficult decision to cease operations.

Robinhood has tokenized 780 assets with a total value exceeding $7.43 million.

According to DeFi Kenshin, citing data from Entropy Advisors, Robinhood has tokenized 780 assets in less than five months, with a total value of over $7.43 million, including $5.1 million in stock tokenizations, $1.84 million in ETF tokenizations, and $286,000 in commodity tokenizations.

In addition, Robinhood's tokenized assets saw over $19.9 million in minting transactions and $11.9 million in burning transactions.

CoinMarketCap: Launches CMC20, the first DeFi-native tradable crypto index token.

CoinMarketCap announced the launch of CMC20, the first DeFi-native tradable crypto index token, on its X platform. Based on the BNB Chain, CMC20 aims to provide diversified investment across the top 20 crypto assets. Developed in partnership with Reserve Protocol and deployed by Lista DAO, CMC20 is now available on PancakeSwap and Trust Wallet.

Aave will launch a consumer-facing app in the Apple Store.

According to Fortune magazine, Aave will launch an app on the Apple App Store offering consumers high-yield returns. Users can earn at least 5% interest in their accounts and deposit funds via bank account or debit card.

Yunfeng Financial's subsidiary, Wantong Insurance, launches virtual asset fund-linked investment options.

Jack Ma's indirectly held stake in Yunfeng Financial and MassMutual Insurance has led to the launch of investment options linked to "virtual asset funds," which have completed the review process by relevant regulatory authorities. Specific product details will be announced later. It is understood that Yunfeng Financial, indirectly held by Ma, previously acquired MassMutual Life Insurance's business assets in Hong Kong and Macau. Currently, in Hong Kong, it primarily operates long-term insurance businesses including life and annuities, investment-linked long-term insurance, permanent health insurance, and retirement plan management.

The Trump Organization plans to develop a tokenized resort in the Maldives with its Saudi partners.

The Trump Organization is partnering with Saudi Arabian Dar Global Plc to develop a luxury resort in the Maldives and plans to tokenize the project. In a joint statement, the two companies said the proposed Trump International Hotel Maldives project will include 80 ultra-luxury beach and overwater villas and will be jointly developed by the Trump Organization and Dar Global. The resort is expected to open by the end of 2028.

Yala's stablecoin YU has significantly de-pegged to its peg.

On-chain market data shows that Yala's stablecoin YU has significantly decoupled from its peg. Previously, reports indicated that suspicious lending activities similar to USDX occurred with Yala's YU stablecoin over the weekend. Yala responded yesterday, stating that it was aware of community concerns regarding YU and was conducting an investigation.

Character * Voice

CZ stated that if it receives the previously refunded $4.3 billion, it will still invest it in the US market.

CZ posted on the X platform, addressing a user's question about whether the $4.3 billion he had paid would be refunded. He pointed out that a balance needs to be struck between demanding more and maintaining fairness. CZ stated that if any refund is received in the future, the funds will continue to be invested in the United States as a token of gratitude.

Eugene is bullish on UNI: It will lead the gains in the coming weeks; stop loss if it falls to $6.5.

Trader Eugene wrote that most altcoins have experienced significant pullbacks since October 10th, and he believes that the selling pressure has largely dissipated, with most investors who chose to cut their losses exiting the market during the five consecutive weeks of decline. He pointed out that if the market rebounds, high-quality tokens with strong fundamentals may perform better, with Uniswap receiving more attention due to recent progress on its fee switching mechanism.

Eugene stated that UNI has potential for upward movement in the coming weeks due to factors such as no historical heavy positions, a strengthened revenue narrative, and current prices being close to levels before the fee adjustment proposal was announced. He believes the invalidation range for UNI is below $6.50.