According to Odaily Planet Daily, Greeks.live researcher Adam posted on social media that the crypto market has cooled down, $90,000 has become an important battle point, U.S. stocks represented by Tesla and Nvidia have performed poorly, and the crypto market has turned to Meme. These signals all point in a more dangerous direction, and both directions have the potential for large fluctuations.
The crypto market has entered a period of adjustment after a week of skyrocketing. The options market is relatively stable, and block trades and market interest rates are worth paying attention to. At present, the IV of major maturities is at a relatively low level. It is cost-effective to deploy some mid- and long-term ones. Historically, the market conditions in the fourth quarter are generally better. Now is still a good opportunity to buy.
● Satoshi Action Fund announces Bitcoin strategic reserve policy model
According to WuShuo, Dennis Porter, CEO of Satoshi Action Fund, tweeted that the Bitcoin strategic reserve policy model has been officially released.
Previously, the “Bitcoin Rights” bill passed by the Pennsylvania House of Representatives on October 25 was drafted by the Satoshi Action Fund and aims to help lawmakers understand the nuances of blockchain technology and Bitcoin.
● Ripple class action lawsuit enters final judgment stage, may affect SEC lawsuit
According to Odaily Planet Daily, the class action lawsuit faced by Ripple and its CEO Brad Garlinghouse has entered the final judgment stage, which may help it fight the US SEC's lawsuit. Judge Phyllis Hamilton approved the final judgment of the settled class action lawsuit and suspended the remaining unresolved lawsuits, paving the way for the trial on January 21, 2025. The plaintiff claimed that Ripple sold XRP without registration between 2017 and 2023, in violation of federal and California securities laws. Analysis pointed out that the final judgment may have a chain reaction on similar lawsuits filed by the SEC in 2020.
According to PANews, Token Unlocks data shows that AVAX, ROSE, ADA and other tokens will be unlocked in large amounts this week, including:
Avalanche (AVAX) will unlock approximately 1.67 million tokens at 8:00 a.m. Eastern Time on November 18, accounting for 0.41% of the current circulation and worth approximately $61.3 million;
Oasis (ROSE) will unlock approximately 176 million tokens at 0:00 a.m. on November 19, Eastern Time (GMT+8), accounting for 2.62% of the current circulation and worth approximately $14.6 million.
Cardano (ADA) will unlock approximately 18.53 million tokens at 8:00 a.m. Eastern Time on November 21, which is 0.05% of the current circulation and worth approximately $13.4 million.
Pixels (PIXEL) will unlock approximately 54.37 million tokens at 6:00 PM Eastern Time on November 19, accounting for 7.05% of the current circulation and worth approximately $11.4 million.
SPACE ID (ID) will unlock approximately 18.49 million tokens at 8:00 a.m. on November 22, 2020, representing 4.29% of the current circulation and worth approximately $8.3 million.
Ethena (ENA) will unlock approximately 12.86 million tokens at 8:00 a.m. Eastern Time on November 21, accounting for 0.45% of the current circulation and worth approximately $7.4 million.
Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 3:00 a.m. Eastern Time on November 20, accounting for 0.69% of the current circulation and worth approximately $3.2 million;
SKALE (SKL) will unlock approximately 55 million tokens at 8:00 AM ET on November 20, accounting for 1.06% of the current circulation and worth approximately $2.5 million.
Hooked Protocol (HOOK) will unlock approximately 4.17 million tokens at 8:00 a.m. Eastern Time on November 20, accounting for 2.05% of the current circulation and worth approximately $1.8 million.
According to Wu, this week we can focus on the initial PMIs of many countries, the number of initial jobless claims in the United States for the week ending November 16, and Nvidia's financial report. The key events this week are as follows (time is in Eastern Time Zone 8):
November 19 - Reserve Bank of Australia releases minutes of November monetary policy meeting (08:30)
November 21 - U.S. initial jobless claims for the week ending November 16 (10,000 people) (21:30), Nvidia earnings report
November 22 - Preliminary PMI data for the UK, France, the US, Germany and the Eurozone, and the final value of the University of Michigan Consumer Confidence Index for November (23:00)
According to BlockBeats, on November 17, CME "Fed Watch" data showed that the probability of the Federal Reserve cutting interest rates by 25 basis points in December was 61.9%, while the probability of maintaining the current interest rate unchanged was 38.1%.
