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BTC did not disappoint expectations. Around 6 AM this morning, the price once again broke through $70,000, briefly exceeding $71,000, with a 24-hour increase of over 4%, currently hovering around $71,000.
Bitcoin is poised for a potential increase in value as the U.S. elections on November 5 approach; however, analysts caution that a sell-off could follow.The largest digital asset by market capitalization is now trading just below the $69,000 mark, with just over one week to go before the U.S. presidential election on November 5.
Ethereum’s infrastructure limitations are leading users, applications, and capital to migrate to Layer 2 solutions and competing blockchains like Solana, an analyst said.Another analyst noted that liquidity fragmentation across Ethereum’s Layer 2 networks poses a risk to market efficiency.
- 07:45Base's daily transaction volume reached 11.4 million, setting a new historical recordGrowthepie data shows that yesterday, the number of Base transactions reached 11.4 million, not only setting a new record for the Base network but also setting a new record for all Ethereum L2s. Analysis points out that although Meme coin activity mainly occurs on Solana, Clanker, an artificial intelligence agent on Farcaster, is driving an increase in Meme season and Base chain activities. Clanker has currently deployed about 4,700 tokens.
- 07:43The Aave community initiates the "Investing 4 million dollars in INST tokens and establishing a partnership with Instadapp" ARFC proposalOn November 28, the official governance page showed that the Aave community initiated the "Establish a strategic partnership with Instadapp through investment in INST tokens" ARFC proposal. The proposal suggests that Aave DAO establish a strategic partnership with multi-chain DeFi management protocol Instadapp by investing $400 million in INST tokens with a $3.5 billion FDV, and strengthen cooperation and coordination between the two protocols. Aave DAO will become the launch partner for Instadapp's new token economics and brand reshaping, as well as provide support and promotion for Instadapp products using the Aave protocol, including GHO and Fluid integration. This will involve priority and customized support for integrating the Instadapp team, including providing free flash loans to the Instadapp protocol. Aave DAO will allocate up to one-third of INSTs to support GHO trading pairs on Fluid via Merit; remaining tokens will be vested over one year period delegated to Aave Protocol Embassy.
- 07:42Belled ETHA set its highest daily trading volume record, currently holding 625,527 ETHAccording to Trader T's monitoring, yesterday BlackRock's ETHA trading volume reached 480 million US dollars, setting a record for the highest single-day trading volume since its issuance. Currently, its total holdings of ETH are 625,527.
