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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Vitalik: From Prediction Markets to Information Finance
Vitalik: From Prediction Markets to Information Finance

Prediction markets are just a precursor in a more popular field, with the potential to be applied to social media, science, news, governance, and other areas, categorized as "information finance."

Chaincatcher·2024/11/09 23:33
Why Is the Notcoin (NOT) Price Up?
Why Is the Notcoin (NOT) Price Up?

Cryptoticker·2024/11/09 20:55
Cardano (ADA) Soars 30% Daily as Founder Charles Hoskinson Makes Big Announcement
Cardano (ADA) Soars 30% Daily as Founder Charles Hoskinson Makes Big Announcement

ADA is today’s top performer as its price is close to $0.6.

Cryptopotato·2024/11/09 16:00
Mt. Gox-linked cold wallet moves over $2 billion worth of bitcoin to new address: Arkham
Mt. Gox-linked cold wallet moves over $2 billion worth of bitcoin to new address: Arkham

Quick Take A cold wallet that received 30,371 BTC from Mt. Gox last week sent $2.24 billion worth of bitcoin to a new wallet on Sunday. Mass bitcoin movements seen in Mt. Gox and related wallets typically precede creditor repayments.

The Block·2024/11/09 16:00
Stacks founder Muneeb Ali eyes early December for sBTC upgrade launch
Stacks founder Muneeb Ali eyes early December for sBTC upgrade launch

Quick Take Stacks founder Muneeb Ali, in a post on X, hinted that the long-awaited Stacks upgrade could come as early as next month. Stacks bills sBTC as the first trustless two-way bitcoin peg system, with the potential to expand DeFi applications on the bitcoin base layer.

The Block·2024/11/09 16:00
Flash
  • 09:39
    Deribit data: A user purchased call options for the end of November at 82,000 US dollars, totaling 700 BTC
    ChainCatcher reported that Deribit's Head of Asia Pacific Business, Lin Chen, posted on X stating that today's largest Bitcoin (BTC) block options trade was: a user paid 11.649 million USD to purchase call options with an execution price of 82,000 USD at the end of November (this Friday), totaling 700 BTC. This transaction is an immediate bullish view, using a leverage of 6.7 times; if the delivery price exceeds 99,000 USD it will be profitable.
  • 09:28
    QCP Capital: BTC has temporarily fallen back to last week's level, it is recommended to pause trading
    QCP Capital stated: "Since our last post, Bitcoin has fallen below $93,000, with more than $430 million in long positions liquidated. This drop coincides with the end of five consecutive days of net inflows into the spot ETF, which recorded an outflow of $438 million on Monday, while MicroStrategy's stock price fell by 4.4%. This correction occurred after MicroStrategy's record purchase of $5.4 billion in Bitcoin last week. With the approach of US holidays and no immediate catalyst to drive prices higher, BTC's path to the symbolic level of $100k has stalled. ETH implied volatility has sharply turned towards put options rather than call options, reflecting similar sentiment as the market catches its breath. Concerns about downside risk for BTC may intensify, especially with tonight's FOMC meeting minutes and Wednesday’s PCE data due to be released. However, in the long run this is not an excessive correction; Bitcoin has merely retreated back to levels seen at the beginning of last week. Since the election markets have become extremely overbought and leveraged so a trading pause was inevitable."
  • 09:13
    Analyst: Trump's tariffs support the dollar in the short term, but the dollar may weaken seasonally in December
    The analyst from Malayan Bank stated that the market's immediate reaction seemed negative after Trump's tariff announcement. The market might be wary of Trump gradually introducing tariffs, but the implementation may differ from the proposal. Under the influence of anxiety, the US dollar and its exchange rate with Asian currencies may receive short-term support. However, if this is all that Trump currently wants to say or if he encounters any obstacles, a stronger US dollar could ease off. Bessent, Trump's nominee for Treasury Secretary, is relatively steady while December could be a seasonally weak month for the US dollar.
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