December 10 Little Horse Brother Web3 Morning Briefing Overview
1. Liquidation and Fund Flow Data 1. Network Liquidation Situation: According to Coinglass data, the total liquidation in the past 24 hours across the network was 1.711 billion USD, with long positions liquidated at 1.55 billion USD and short positions at 162 million USD. Among these, BTC liquidation was 183 million USD, and ETH liquidation was 240 million USD. A pinning black swan event has occurred again, with severe fluctuations in the bull market; it is essential to stay away from contract leverage to ensure capital safety.
2. Grayscale Fund Flows: According to Farside Investors data, Grayscale GBTC saw a net outflow of 24.4 million USD yesterday, with BTC net inflow of 7.2 million USD; Grayscale ETHE had a net outflow of 27.4 million USD, with ETH net inflow of 8.8 million USD.
Xiao Ma Ge interprets the impact of major cryptocurrency events this week (12/9 - 12/15)
I. Market Overview
The cryptocurrency market has experienced strong growth recently, with BTC surpassing $100,000 and ETH crossing $4,000, and the inflow trend of ETFs has not diminished. Although macro data such as CPI has been released, cryptocurrencies have shown independent trends, with limited macro influences, while the capital flow to ETFs and cryptocurrency-related US stocks is drawing more attention.
II. Preview of Major Events This Week 12/10 Tuesday 💼 Reserve Bank of Australia interest rate decision (11:30) - Impact: The Reserve Bank of Australia’s interest rate decisions influence global capital flows. Rate hikes may lead to a return of funds, causing a diversion of capital from the cryptocurrency market; rate cuts could potentially bring a small inflow into the cryptocurrency market, although the direct impact is limited, it may indirectly cause chain reactions through exchange rates and other factors.
December 9th Xiao Ma Ge web3 Morning News Overview:
1. Liquidation Data Coinglass data shows that the total liquidation across the network in the past 24 hours was 201 million USD, of which long positions accounted for 135 million USD and short positions accounted for 66.43 million USD. BTC liquidations totaled 25.9 million USD, while ETH liquidations were 20.03 million USD.
2. Corporate Bitcoin Strategy Proposal On December 9, according to Cointelegraph, the National Center for Public Policy Research in Washington, D.C. (a free-market think tank and also an Amazon shareholder) submitted a shareholder proposal to Amazon, advocating the consideration of adopting Bitcoin as a corporate treasury strategy at the shareholder meeting in April 2025.
Friends in the currency circle, what is truly the most important thing in life? (It is said that experts can gain enlightenment after reading.)
At the age of 3, I held tightly to my lollipop, firmly believing it was the most important thing.
At the age of 5, the dragonfly I caught that afternoon seemed to be the most important thing at that moment.
At the age of 7, I looked at the certificate in my deskmate's hand, filled with envy and a little jealousy, and thought that might be the most important thing.
At the age of 9, lying under the shade of a tree, with dappled sunlight on my face, a leisurely summer vacation was so important to me.
At the age of 13, I realized that the acceptance letter from a key high school was very important for my life.
Quick overview of Xiao Ma Ge's web3 news on December 8:
Quick overview of Xiao Ma Ge's web3 news on December 8:
1. Market Trading Section - Network Liquidation Situation: Coinglass data indicates that in the past 24 hours, the total liquidations across the network reached $168 million, with long positions liquidated at $84.5458 million and short positions liquidated at $83.2068 million. #XRP liquidations reached $16.0002 million, exceeding BTC ($12.635 million) and ETH ($8.9711 million).
- Leverage Long Operations: According to EmberCN monitoring, a certain address leveraged long ARB on-chain. Two hours ago, it withdrew 2.936 million ARB (worth $3.41 million) from Bybit and deposited it into Aave as initial collateral. Subsequently, it borrowed 2.95 million USDT from Aave and transferred it to Binance to purchase 2.478 million ARB at a price of $1.19, currently holding 5.415 million ARB (worth $6.4 million).
1. According to Lookonchain monitoring, yesterday, ten US Bitcoin ETFs saw a net inflow of 7,591 BTC (approximately $750.67 million), of which BlackRock saw an inflow of 7,727 BTC (approximately $764.11 million). Currently, BlackRock holds 521,164 BTC, worth about $51.54 billion.
2. Binance revised the circulating supply data for #ACX, sparking heated discussions in the market.
3. Zach Pandl, head of research at Grayscale Investments, stated that the non-farm employment data for November exceeded expectations. However, the data also showed that the unemployment rate has risen, which may force the Federal Reserve to cut interest rates later this month.
4. On December 6, according to on-chain data analyst @ai_9684xtpa, a certain ancient whale address (possibly an early investor, Twitter account @dcfgod) is selling tokens on-chain, having sold 2.4 million tokens at an average price of $1.19 in the past 50 minutes (worth $2.85 million), with a profit of $2.56 million.
Xiaoma's Web3 Morning News Overview on December 6th:
On December 6th, the cryptocurrency market experienced significant fluctuations around 6:30 AM. According to Coinglass data, in the past 4 hours, the total liquidation across the network reached 600 million USD, with long positions liquidated at 538 million USD and short positions liquidated at 61.6 million. Be careful with leverage, as the market can be very unpredictable.
Slow Fog Cosine stated on platform X: On-chain data shows that this address currently holds approximately 440,000 USD in assets. Some ETH began to enter Tornado Cash for mixing early in the morning, which is almost considered a final signal that the #DEXX wrongdoers have no intention of turning back and have chosen to walk a brutal black path to the end. The address continues to show unusual movements, with a significant amount of funds (including some meme coins) starting to gather around 7:00 AM into 0xffb9926310b291e17d7df846cded66cda2c68228.
Xiao Ma Ge's Web3 Morning News Overview on December 5:
1. According to data from Farside Investors, Fidelity's FBTC had a net inflow of $17.3 million yesterday, and FETH had a net inflow of $40.7 million.
2. Coinglass data shows that in the past 24 hours, the total liquidations across the network reached $450 million, with long positions liquidating $255 million and short positions liquidating $195 million. BTC liquidated $80.5695 million, and ETH liquidated $67.2655 million.
3. On December 5, according to Trader T's monitoring, BlackRock's Ethereum spot ETF ETHA achieved a trading volume of $620 million, setting a new record since its launch. Its total holdings currently stand at 760,979 ETH.
4. On December 5, Slow Mist founder Yu Xian updated the list of DEXX attacker addresses cross-chain to Ethereum. Early this morning, the DEXX attacker was consolidating stolen funds from Solana and was splitting them from the consolidation address for laundering, with some starting to use the Wormhole cross-chain service to transfer assets to Ethereum addresses starting with 0xffe224e.
1. Coinglass data shows that in the past 24 hours, the total network liquidation reached $611 million, including $384 million in long liquidations and $227 million in short liquidations. #XRP liquidated $86.2018 million, surpassing BTC ($80.882 million) and ETH ($54.7842 million).
2. According to the latest data from Infinite Market Cap, as #BNB surpassed $740, its market capitalization also reached $10.685 billion, with a 24-hour increase of 14.9%. Currently, BNB's ranking in the global asset market capitalization list has risen 33 places to 186, surpassing BYD and ABB.
3. Bloomberg ETF analyst James Seyffart posted on X: "I have mentioned many very optimistic posts about the approval of the Solana ETF. I do believe that under the SEC management after Trump takes office, it is only a matter of time, not whether it will happen, but this does not equate to 'it is about to happen.' #SOL
On December 3, according to Coinglass data, the total liquidation in the past 24 hours across the network reached $627 million, with long positions liquidated at $432 million and short positions at $195 million. In the last 24 hours, a total of 221,554 people were liquidated, with the largest single liquidation occurring on OKX-SOL-USDT-SWAP valued at $3.9826 million.
According to CME's 'FedWatch', the probability that the Federal Reserve will maintain the current interest rate unchanged until December is 25.5%, while the cumulative probability of a 25 basis point rate cut is 74.5%. The probability of maintaining the current rate unchanged until January next year is 20.6%, while the cumulative probability of a 25 basis point rate cut is 65.1%, and the cumulative probability of a 50 basis point rate cut is 14.3%.
1. The latest data from Infinite Market Cap shows that the market cap of #XRP has reached a new high, surpassing Meituan and Citigroup, climbing 39 places to the 139th position in the global asset market cap rankings. The current market cap of XRP is approximately $13.656 billion, while Meituan's market cap is about $12.965 billion, and Citigroup's is $13.403 billion.
2. On December 2, according to @ai_9684xtpa's monitoring, since November 28, a certain whale has exchanged nearly 5,000 ETH for 162.65 WBTC, with a total value of $15.64 million; his average cost for WBTC is $96,202, and he currently has an unrealized profit of $211,000.
December 1st Xiao Ma Ge Web3 Morning News Overview:
1. Deribit APAC Business Head Lin Chen posted on X stating: This week ETH ETF has started to gain strength, with significant capital inflows, totaling a net inflow of $466.5 million for the week, with a net increase of 132,772.03 ETH.
2. Today's Fear and Greed Index has dropped to 81 (yesterday it was 84), still indicating extreme greed. #AAVE broke $210, #DOT broke $9, #STRK broke $0.7, #CORE briefly broke $1.95, and #HYPE briefly surged to $9.29.
3. Robert Kiyosaki, author of Rich Dad Poor Dad, warned that Bitcoin's price will soon surpass $100,000, urging investors to buy now to avoid being pushed out by super-rich individuals.
Ethereum and Solana: The competitive landscape for the second place in the cryptocurrency world
1. Current status and challenges of Ethereum
1. Layer-2 Network Impact Since March 2024, the transaction volume of Ethereum's Layer-2 networks (such as Arbitrum and Optimism) has increased significantly, with a growth rate of up to 430%. These Layer-2 networks have effectively reduced transaction costs and improved transaction efficiency by building a second-layer architecture on the Ethereum main chain, causing the Ethereum main chain transaction fees to plummet by 87%. Previously, the average transaction fee of the Ethereum main chain was at a high level, but now it has dropped significantly, and the main chain transaction activity and core position have been significantly impacted.
Justin Sun ate a banana bought for 45 million yuan. A billionaire in the cryptocurrency circle ate it and a luxury house in Beijing was gone.
On November 29, at a press conference held in Hong Kong, Justin Sun, a billionaire in the cryptocurrency circle, ate a banana artwork that he had previously bought for 6.24 million US dollars (about 45.17 million RMB).
Justin Sun tore off the silver tape on the spot, took out the banana stuck to the wall, peeled it and took a bite, saying "It tastes much better than other bananas, it's really good." On November 20, Justin Sun bought a banana stuck to the wall with tape at a contemporary art auction held by Sotheby's at a sky-high price of 6.24 million US dollars. According to Justin Sun's staff, the payment has been completed using cryptocurrency, and Sotheby's auction house recognizes this.
According to Business2Community estimates, Justin Sun is currently worth 2.4 billion US dollars. According to current housing prices, the money he spent on the banana flower could buy two luxury homes in Beijing, including properties in famous real estate projects such as Yuexiu Xiangshanyue and Zhonghai Jinghua Jiuxu.
Easter egg: It is said that half of it was given to a KOL, but was later confiscated by customs. Is it equivalent to confiscating a luxury home? 😀
November 30 Xiao Ma Ge web3 morning news overview:
1. Yesterday, 10 U.S. Bitcoin ETFs had a net inflow of 415 BTC ($40.83 million), and 9 Ethereum ETFs had a net inflow of 10,500 ETH ($37.85 million).
2. Today's Fear and Greed Index rose to 84, remaining at an extreme greed level. Market sentiment is high. #XRP broke $1.8, with a 24-hour increase of 18.8%, and #ALGO broke $0.46, with a 24-hour increase of 33.0%.
3. According to OnchainLens monitoring: Tether Treasury minted an additional 1 billion USDT on the Ethereum network, bringing the total minted this month to 18 billion USDT.
4. On November 30, according to Hyperliquid data, #HYPE briefly broke $6.6 this morning, currently priced at $6.42, with a market cap of $2.14 billion and a total trading volume of $585 million.
A quick overview of web3 news from Pony Ma on the morning of November 29:
1. According to the updated data of Lookonchain on the X platform, on November 28, the US Bitcoin ETF had a net inflow of 789 BTC (US$75.14 million), and the Ethereum ETF had a net inflow of 13 ETH (US$47,500).
2. On November 29, SlowMist founder Yu Xian Yu X posted a message saying that the DEXX attacker exchanged another batch of various value tokens on the Solana address into#SOLearly this morning, and has not yet transferred them out.
3. On November 29, according to Ember’s monitoring, pump.fun sold 65,000 SOL again 7 hours ago, worth about 15.3 million US dollars. So far, pumpfun has received a total of about 1.516 million SOL in fees. Their sales amount is 1.137 million SOL (206 million US dollars), with an average price of about 182 US dollars.
1. In the past 24 hours, the total liquidation across the network reached $266 million, with the total market cap of cryptocurrencies rising to $3.49 trillion.
2. Yesterday, Fidelity FBTC saw a net inflow of $40.2 million, while BITB had a net inflow of $48 million.
3. The DeFi sector saw a widespread rise in cryptocurrency prices, with ENA increasing by 22.06% in 24 hours.
4. On November 28, Slow Fog founder Yu Xian posted on X, stating: Early this morning, the DEXX attacker continued to exchange various value tokens from another batch of Solana addresses into SOL, with no further transfers out yet. Additionally, the attacker's EVM address has not shown any movement.
5. Mining company MARA has once again increased its holdings by 703 bitcoins, purchasing at an average price of $95,395. Currently, MARA Holdings holds approximately 34,794 bitcoins, valued at around $3.3 billion based on the current bitcoin price of $95,000. MARA has repurchased part of its $200 million bonds maturing in 2026; after deducting transaction costs, the remaining proceeds are about $160 million, available for future purchases in case of a drop in bitcoin prices.
1. According to Coinglass data, the total liquidation amount in the past 24 hours across the network was $476 million, of which long positions accounted for $365 million and short positions accounted for $112 million.
2. According to monitoring data from Farside Investors, the funding data for the US spot Bitcoin ETF and spot Ethereum ETF as of yesterday (November 26) is as follows: Spot Bitcoin ETF: GBTC had a net outflow of $36.1 million, BITB had a net inflow of $6.5 million, and BTC had a net inflow of $4.8 million. Spot Ethereum ETF: ETHE had a net outflow of $20.1 million, and ETH had a net inflow of $16.3 million.
3. According to CME's 'FedWatch', the probability that the Federal Reserve will maintain the current interest rate through December is 37.2%, while the cumulative probability of a 25 basis point rate cut is 62.8%. The probability of maintaining the current interest rate through January next year is 28.4%, while the cumulative probability of a 25 basis point rate cut is 56.8%, and the cumulative probability of a 50 basis point rate cut is 14.8%.
Xiao Ma Ge's November 26 Morning Web3 News Overview:
1. In the past 24 hours, $552 million was liquidated across the network, primarily in long positions, with the total market capitalization of cryptocurrencies falling below $3.4 trillion.
2. According to monitoring data from Farside Investors, the capital data for US spot Bitcoin ETF and spot Ethereum ETF yesterday (November 25) is as follows: Spot Bitcoin ETF: GBTC net outflow of $158.2 million, BTC net inflow of $400,000. Spot Ethereum ETF: ETHE net outflow of $7.6 million, ETH net outflow of $4 million.
3. Slow Fog's Yu Xian posted on X: 'We checked the surveillance footage early this morning, around 3 AM, various tokens related to the #DEXX attackers on the Solana address were exchanged in bulk for SOL, and these SOL have not been transferred out yet.'
Xiao Ma Ge's Bitcoin Trend Analysis on November 25
Friends in the crypto community, for Bitcoin trend analysis, just follow Xiao Ma Ge.
Price Trend According to data from Zhongcai Network, as of November 25, 2024, at 08:23, the price of Bitcoin is $97,671.00, an increase of $133.00 from the previous day, with an increase of 0.14%. The highest price reached $98,381.00, and the lowest price was $95,611.00. After Bitcoin rose to $99,728.34 on November 23, setting a historical high, it continued to retrace, with an intraday drop of over 2.3%.
Market Dynamics Trading Volume: In the past 24 hours, the total market trading volume was $270.6 billion, an increase of over $40 billion from the previous day. Market Attention: As the leader of digital currencies, Bitcoin's price fluctuations have always attracted significant market attention, affecting global investors. The recent rapid rise in Bitcoin prices and the ongoing challenge of the $100,000 mark have drawn the attention of a large number of investors, and discussions and expectations about its subsequent trends are very lively.