ETH’s recent strong performance is expected to retest its all-time highs, with the next key resistance level for the ETH/BTC ratio at 0.04.
Author: TechFlow
Yesterday's market dynamics
Sui Ecosystem Decentralized Trading Platform Bluefin Launches Airinvestment Qualification Query Portal, Airdrops 17% BLUE Tokens
According to official news, Bluefin, a decentralized trading platform of Sui Ecology, announced the launch of an airdrop qualification inquiry portal, planning to allocate 17% of the total supply of BLUE tokens to existing and new users.
The airdrop targets include existing Bluefin users, long-term community members, and users from the Solana and EVM ecosystems. The project has reached cooperation with multiple ecological partners, including AlphaFi, SuilendProtocol, Cetusprotocol and other Sui ecological projects, as well as Pudgy Penguins, Mad Lads, Azuki and other NFT communities.
Lending protocol Echelon announces release of Echelon Chain at Initia
According to official news, the lending protocol Echelon released the Move language application chain Echelon Chain based on its Interwoven Stack technology architecture in Initia, aiming to provide an efficient lending DeFi market with a modular economy.
Currently, Echelon has achieved $106 million in TVL and $132 million in total loan assets.
Interwoven Stack is Initia’s featured technology stack, emphasizing modular design and interoperability. Through Interwoven Stack, Echelon Chain will gain block extension linkage from LayerZero and IBC, Celestia’s underlying protocol support, native stablecoin support, integrated oracles, and comprehensive user tools.
Binance Labs Announces Investment in Multi-Asset Liquidity Protocol Astherus
Binance Labs announced an investment in Astherus, a multi-asset liquidity hub dedicated to providing real yield maximization solutions for crypto assets. Astherus’ flagship product, AstherusEarn, offers high-yield strategies across multiple blockchains and protocols combined with institutional-grade security.
Astherus plans to launch a dedicated DeFi Layer-1 blockchain, AstherusLayer, in the future, which supports multi-asset staking and uses BNB as gas fees. After obtaining a new round of financing, Astherus will accelerate product development, launch innovative yield products, and further optimize user experience.
Astherus is reported to adopt a modular DeFi infrastructure solution, and its dApp layer allows users to release asset utility through applications such as derivatives trading and stablecoin yield farming. The DeFi infrastructure layer aggregates liquidity and supports a wider range of applications such as stablecoin protocols and derivatives clearing houses.
Bitcoin staking platform Solv Protocol announces launch of $SOLV token, to be launched soon
According to official news, the Bitcoin staking platform Solv Protocol announced the launch of the token $SOLV, which will conduct a TGE in the near future, aiming to further unleash the potential of the Bitcoin ecosystem.
Earlier news said that Solv Protocol has completed US$11 million in financing with a valuation of US$200 million. Investors include Nomura Securities subsidiary Laser Digital, Blockchain Capital and OKX Ventures.
QCP Capital: ETH's recent strong performance is expected to retest its historical highs, and the next key resistance level of the ETH/BTC ratio is 0.04
QCP Capital's latest analysis pointed out that after the PCE price index met expectations, BTC returned to the $95,000 mark. ETH performed strongly, rising 11.65% yesterday, reaching a high of $3,688. The ETH/BTC ratio is currently 0.03760, up 17.8% from last week, and the next key resistance level is 0.0400.
At the same time, BTC's market capitalization fell from a high of 61.50%. ETH spot ETFs continued to record strong net inflows, with an inflow of $90.1 million yesterday, maintaining positive growth for four consecutive days. Considering that ETH's gains in this round of bull market lag behind BTC and SOL, its recent strong performance supports its potential to retest the historical high of $4,868, which still has 35.4% room to rise from the current price.
Binance announced that BNSOL Super Staking will launch the first phase of the project Pyth Network (PYTH)
According to the official announcement, Binance announced that BNSOL Super Staking will launch the first project - Pyth Network (PYTH).
Hyperliquid airdrop will be launched on November 29 at 15:30
The creation event of HYPE, the native token of the decentralized derivatives trading platform Hyperliquid, will be launched at 15:30 on November 29th, Beijing time.
The maximum supply of HYPE is 1 billion, allocated as follows: 38.888% for future emissions and community rewards; 31.0% for Genesis allocation; 23.8% for current and future core contributors; 6.0% for Super Foundation budget; 0.3% for community grants; 0.012% for HIP-2. Tokens will be issued over time, of which 76.2% will be allocated to the community.
Eligible participants in the Genesis event will receive 310 million tokens, which will be fully unlocked.
Unallocated tokens will be transferred to future issuance and community rewards. 60 million HYPE are allocated to the Hyper Foundation budget, 300 HYPE are allocated to grants, and 120,000 HYPE are allocated to Hyperliquidity (HIP-2). 388,880,000 unminted HYPE are reserved for future issuance and community rewards.
Scroll Co-founder: Admits that the airdrop design is poor and will make up for it through Session 2
In response to the accusation of Movement co-founder Rushi Manche, Scroll co-founder Sandy published a number of responses today, including the following key information:
1. Acknowledge that the airdrop design was poor and hurt some users in the community, and will make up for it through Session 2;
2. The team wallet did not claim the airdrop. In order to avoid confusion in the future, the points of the relevant wallets will be removed;
3. Never forced team members to subscribe to tokens at the last round of valuation;
4. The team is being reorganized to adapt to the next stage of development. Some team members will leave, and we believe they will shine in their new positions.
Earlier news, Movement Labs co-founder Rushi Manche accused the Scroll team of having many problems and damaging the reputation of the EVM L2 ecosystem.
Market dynamics
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The ultimate goal of a bull market: cultivate a sense of satisfaction and learn to exit with profit
In the long run, it is more important to gain real satisfaction than to make money in the short term. In the crypto market, we must restrain our inner greed and learn to enter and exit the market at the right time. We must get rid of the decision-making method that relies on emotions and replace impulsive behavior with rational thinking. We must realize that we can never fully satisfy our inner desires and learn to stop when we have enough.
Placeholder Partner: Don’t have too high expectations for the bull market, the key is to protect profits
Although asset prices still have a lot of room to grow, investors should remain rational and control risks.
Profits should be realized appropriately, the scale of investment should be controlled, and one should avoid being carried away by the bull market frenzy.
For novice investors, it is recommended to invest mainly in Bitcoin, Ethereum and Solana. Investment in other small currencies should not exceed 10% of total assets.
