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Bitcoin’s recent drop below its realized price points to bearish trends, with potential lows of $66,575 if selling pressure persists.
Some developing countries are viewing Bitcoin as a means to achieve financial autonomy and reduce reliance on the US dollar.
DOGE has dumped the most from the larger-cap alts.
Quick Take This is an excerpt from the thirteenth edition of The Funding sent to our verified subscribers on Nov. 3. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
Coins LUCE, GRASS, and ZEREBRO are trending on Solana, showing strong demand, transaction growth, and potential for gains.
The accusations led to swift action from OpenEden, which terminated Ng, and DWF Labs, which withdrew its funds and condemned his alleged behavior.
As Solana's price remains above critical support levels, explore what analysts expect for SOL in November following its impressive October rally.
- 16:45UBS launches blockchain payment system "UBS Digital Cash"On November 9, UBS announced that it has successfully piloted a blockchain-based payment system called UBS Digital Cash, aimed at improving the efficiency of cross-border transactions. UBS stated in an announcement that during the pilot, transactions were conducted with multinational clients and banks, including domestic transactions in Switzerland as well as cross-border payments made in US dollars, Swiss francs, euros and yuan. It is reported that UBS plans to further expand and develop UBS Digital Cash. The system uses a private blockchain network which currently can only be accessed by authorized customers.
- 16:34DWF Labs has withdrawn 156.44 million HMSTR from the exchange in the past hourOn November 9th, in the past hour, DWF Labs has withdrawn approximately 156.44 million HMSTR tokens from the exchange, valued at about $654,000. Market data shows that the price of HMSTR tokens has risen by 60% today.
- 16:33In the past 24 hours, contracts across the entire network have liquidated $222 million, with both long and short positions blowing upCoinglass data shows that in the past 24 hours, the total liquidation of contracts across the entire cryptocurrency market was $222 million USD, with long positions accounting for $104 million USD and short positions accounting for $117 million USD. The total amount of BTC liquidated was $27.4881 million USD, while ETH liquidations amounted to $39.1662 million USD.
