📰 Blockchain Morning News - November 16, 2024 📷Exclusive interpretation of the latest developments in the cryptocurrency world, don’t miss it!

1. Market dynamics

🎯Bitcoin (BTC): Bitcoin continues to fluctuate at a high level. Every decline will affect the prices of other currencies, fully demonstrating its dominant position in the market.

💫Ethereum (ETH): The exchange rate of Ethereum against Bitcoin continues to fall, and the price is approaching to challenge $3,000. The current situation is rather serious.

🌈Solana (SOL): Solana has performed well in the current market, and on-chain activities are extremely prosperous. Even in the falling market, people continue to buy due to the high entertainment brought by platforms such as @pumpdotfun.

🎗Binance Coin (BNB): Binance Coin has performed on par with Ethereum and has become another major player in the market.

2. Industry hot spots🎯

💡DEXX incident: DEXX suffered a large-scale theft, warning investors to be wary of such risks when using any robots.

💫Coinbase Action: Coinbase plans to add FLOKI to its roadmap, reflecting its interest in emerging projects.

💎Base chain ecology: The ecosystem on the Base chain has been extremely active recently, with many tokens with high-multiple growth emerging.

💡Mascot concept coins: Mascot concept tokens such as $PHIL and $BITCAT quickly attracted funds on the chain, demonstrating the market’s pursuit of novel concepts.

💥Ethena Labs: Ethena Labs’ foundation approved Wintermute’s proposal to “enable ENA fee conversion.”

💡BIO Protocol: The founder of BIO Protocol announced that its Launchpad and token transfer functions will be launched in early Q1 next year.

💎dYdX Proposal: dYdX passed a revenue distribution proposal to distribute 50% of revenue to MegaVault and 10% to Treasury SubDAO. Some believe that this move may be for shipment rather than to drive price increases.

3. Industry trends🎯

💡$PNUT Investment: $PNUT investors have learned to follow @elonmusk's remarks to invest and quickly take profits, and decentralized exchanges (DEX) have sucked away the traffic of centralized exchanges (CEX).

💫DeFi Technologies: DeFi Technologies saw its assets under management (AUM) grow by 38% as the crypto market boomed.

💎Federal Reserve statement: Collins of the U.S. Federal Reserve did not rule out the possibility of policy easing in December, which may affect market sentiment.

💡FTX Liquidations: FTX’s liquidation address recently received approximately $5.81 million worth of POL from the Polygon network, which may be related to liquidation activities.