Elon Musk and Vivek Ramaswamy will launch the 'Dogecast' podcast for the U.S. Government Efficiency Department.

Elon Musk and Vivek Ramaswamy will launch the 'Dogecast' podcast for the U.S. Government Efficiency Department (DOGE).

Coinbase will list FLOKI.

On November 21, according to official news, Coinbase will list FLOKI, and if liquidity conditions are met, trading will begin on November 21, 2024, at 9 AM (Pacific Time) or later.

In the past 24 hours, a total liquidation of $348 million occurred across the network: long positions liquidated $242 million, short positions liquidated $107 million.

According to Coinglass data, a total liquidation of $348 million occurred across the network in the past 24 hours, including long positions liquidated $242 million and short positions liquidated $107 million. Among them, BTC liquidated $67.39 million and ETH liquidated $44.94 million.

Former U.S. Senator Pat Toomey: The stablecoin bill faces multiple challenges.

Former U.S. Senator Pat Toomey believes there are still several unanswered questions regarding stablecoin issuers and their underlying assets that must be resolved before comprehensive stablecoin regulatory legislation can pass in the U.S. In an interview with Cointelegraph reporter Turner Wright, Toomey highlighted several key concerns, including the bankruptcy liquidation of failed stablecoin companies, reserve requirements, bank deposit insurance, and regulatory jurisdiction issues. Toomey especially expressed concerns about possible regulatory intervention from the Federal Reserve.

'I fundamentally do not think the Federal Reserve supports this technology, so I think the chance of a bill passing has never been more urgent. It is understandable that some complex and difficult issues have not been fully resolved.'

However, this former senator expressed confidence in the political will required to establish regulatory clarity for stablecoins.

Toomey told Cointelegraph that lawmakers might begin to make progress on this issue in 2025, provided that priority issues such as administrative appointments and budgets are addressed first.

Perspective: A perfect storm for Bitcoin is brewing.

Bitcoin is one of the most 'reflexive' assets in the world today. Recently, the U.S. Securities and Exchange Commission (SEC) approved options trading for multiple Bitcoin exchange-traded funds (ETFs). Once these options are launched, they could lead to a 'gamma squeeze', reinforcing reflexivity effects. This 'double reflexivity' may trigger unprecedented price volatility. The launch of a spot Bitcoin ETF has become a milestone event in the financial industry. In the first month after launch, Bitcoin ETFs from BlackRock and Fidelity attracted up to $3 billion in inflows, setting a record for ETF listings.

However, this is just the beginning. The real catalyst is the launch of these ETF options, which will significantly increase market liquidity.

Financial markets are profoundly influenced by human behavior. George Soros proposed the 'reflexivity' theory, describing the cyclical relationship between perception and reality in financial markets. Bitcoin exemplifies this concept more than any other asset: as the price rises, Bitcoin attracts more attention, leading to more investment, which further drives up the price.

Notable investors like Jamie Dimon and Warren Buffett have criticized Bitcoin's reflexivity, arguing that it lacks intrinsic value as its price appears to fluctuate solely based on market perception. However, this is precisely the core characteristic of Bitcoin: due to its limited supply, Bitcoin's scarcity makes it more valuable than precious metals or even high-performing stocks.

Bitcoin ETF options trading adds a layer of complexity to its reflexivity. Options give investors the right to buy or sell Bitcoin ETFs at a predetermined price. When investors expect Bitcoin prices to rise, they purchase call options. Institutions selling these options need to buy Bitcoin or Bitcoin ETFs to hedge against risks, thereby increasing demand for the underlying assets.

This hedging process may form a feedback loop known as a 'gamma squeeze.' As Bitcoin prices rise, option sellers need to buy more assets to hedge against risks, further driving up prices. This cycle amplifies price volatility, creating a self-reinforcing mechanism that could lead to significant price surges.

Historically, Bitcoin supporters have pointed out that its volatility in market cycles has gradually decreased, believing that as adoption increases, Bitcoin may one day serve as a stable unit of account. However, in the near term, the launch of Bitcoin ETF options may reintroduce high volatility, creating a situation of both opportunities and risks.

The first layer of reflexivity comes from Bitcoin's property as a scarce asset. The second layer of reflexivity arises from the gamma squeeze triggered by Bitcoin ETF options. As every price increase drives stronger market optimism and more aggressive hedging behaviors, a compound effect may occur, pushing Bitcoin prices to levels previously considered impossible.

With the arrival of Bitcoin ETF options trading, the potential for dramatic price increases becomes more realistic. 'Double reflexivity' is in play, and we may soon witness the perfect storm of Bitcoin prices.

CZ: Users with Intel chip-based Macbooks, please update as soon as possible to stay safe.

Binance co-founder CZ issued a safety reminder on social media, saying, 'If you are using an Intel chip-based Macbook, please update as soon as possible! Stay safe!' It is reported that Apple confirmed that the macOS system has suffered from a zero-day attack and urgently released major macOS and iOS security updates to fix two vulnerabilities that have been widely exploited. Apple confirmed in the announcement that these vulnerabilities are being widely exploited on Intel-based macOS systems and urged users across the ecosystem to urgently apply iOS 18.1.1, macOS Sequoia 15.1.1, and the older iOS 17.7.2. Original details of the patched vulnerabilities: CVE-2024-44308—JavaScriptCore—processing maliciously crafted web content may lead to arbitrary code execution; CVE-2024-44309 - WebKit - processing maliciously crafted web content may lead to cross-site scripting attacks.

The official Aptos Meme issuance platform emojicoin dot fun launched 10 hours ago and has issued 29 types of Meme tokens.

The official Aptos Meme coin issuance platform emojicoin dot fun launched 10 hours ago and has issued 29 types of Meme tokens, with the leading token by market cap being: DOG FACE, with a market cap of $13 million and a trading volume of $8.56 million;

INFINITY, with a market cap of $1.04 million and a trading volume of $260,000;

FROG, at that time with a market cap of $650,000 and a trading volume of $2.41 million.

The platform is powered by Aptos and the Move programming language, emojicoin.fun allows anyone to create and trade fairly issued Meme coins, redefining on-chain interactions. The platform is incubated by Econia Labs and operated by infranomicon.net.

With both stock prices and cryptocurrency prices soaring, MicroStrategy's market capitalization has surpassed $100 billion, with Bitcoin holdings showing an unrealized gain of $14.85 billion.

According to market information, MicroStrategy's market cap today surpassed $100 billion, currently standing at $111.39 billion, with today's stock price increasing by 14.64%, currently reporting $494.69, setting a new historical high. MicroStrategy also entered the top 100 U.S. publicly traded companies by market cap, jumping to the 33rd position among Nasdaq-listed companies and the 89th position among S&P 500 companies. According to mstr-tracker data, as of today, with Bitcoin prices breaking $94,000, MicroStrategy holds a total of 331,200 Bitcoins, with a total purchase cost of about $16.5 billion and an average purchase price of about $49,874, while the current total value of Bitcoin holdings is $31.39 billion, with unrealized gains exceeding $14.85 billion.

The Meme coin CHILLGUY has a market cap exceeding $400 million, with a 24-hour increase of 784%.

According to GMGN data, the Meme coin CHILLGUY on the Solana chain has a market cap exceeding $400 million, reaching a peak of $490 million, currently reporting $410 million, with a price of $0.41, a 24-hour increase of 784%, and a 24-hour trading volume of $454 million. Additionally, DEGEN NEWS revealed that 'how to buy chill guy coin' ranked second on Google's most popular 'HOW TO BUY' search list in the U.S., only behind 'how to buy Bitcoin'. Note: CHILLGUY comes from Just a chill guy, a recent popular animated character on TikTok. Users are reminded that Meme coins currently have no practical use cases, with significant price volatility, and investments should be approached with caution.

Bitcoin has broken through $94,500, aiming for $100,000. What obstacles still need to be overcome?

Bitcoin prices have been steadily rising since November 2024, approaching the psychological threshold of $100,000. Despite the high market sentiment and investor optimism, breaking through this threshold still faces challenges, including market sentiment fluctuations, long-term holders selling off, MVRV ratio warning of overvaluation risk, options market dynamics, and other factors. The active participation of institutional investors and policy changes may support Bitcoin; however, the future direction of the market still depends on the combined effects of multiple factors. With more institutions joining, Bitcoin may welcome new structural changes, and $100,000 could become a new starting point.

Bitcoin ETF options attracted $2 billion in funds on the first day, changing the market structure of BTC.

IBIT options launched for the first time on Tuesday, with the first day trading volume reaching nearly $2 billion, primarily concentrated in call options (ratio of 4.4:1). This new product is expected to attract more institutional investors to participate in the Bitcoin market, providing new investment and risk management strategies. The introduction of IBIT options may increase market liquidity, alter market structure, and provide diversified trading strategies for professional investors. Options trading may also influence Bitcoin price trends, especially during bull markets.

A thousand-fold myth in four days! How did Chill Guy become the new golden dog in the coin circle?

Chill Guy is a meme that exploded in popularity on TikTok, quickly evolving from a niche character to a cultural phenomenon, launching ChillGuy Coin on Solana with a market cap exceeding $200 million. Its image is a laid-back anthropomorphized dog, widely popular on social media for its relaxed and humorous attitude. The spread of Chill Guy not only showcases the influence of meme culture but also resonates with the common emotions of modern society through its 'I don't care' attitude, becoming a symbol for many to relieve stress. Its success also reflects the bidirectional complementary model between social media and blockchain.

Vitalik Buterin called out StarkNet, asking which Layer 2 will rise first if Ethereum goes bullish.

Bitcoin price has surpassed $93,900, while Ethereum is constrained due to low TPS and high transaction fees. StarkNet, as a Layer 2 solution for Ethereum, has rapidly emerged due to its low cost and high performance. Its ecosystem is expanding quickly, with surging transaction volumes and users, making the STRK token a market focus. StarkNet plans to improve TPS through technical optimizations, competing with Solana and exploring the potential of a multi-chain ecosystem. STRK demonstrates the potential to become a leader in the Layer 2 space with its technical advantages, alignment with market demand, and ecosystem support.

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