1. AC accused Coinbase of charging it a huge listing fee
Moonrock Capital CEO Simon said that he recently learned about a top project that raised nearly nine figures. After wasting more than a year on due diligence with Binance, they finally received an invitation to go public. Binance asked them to provide 15% of the total token supply. Coinbase CEO Brian said that Coinbase's listing is free. However, Andre Cronje refuted that Binance did not charge them any fees for listing. Coinbase asked for $300 million, $50 million, $30 million, and the most recent request was $60 million (suspected to refer to Fantom FTM tokens). He Yi said that if a project does not pass the screening process, no matter how much money or percentage of coins it has, it cannot be listed on Binance. It does not mean that any project willing to airdrop can go on Binance. If you have 20% of tokens and want to cooperate with Binance for airdrops, you are welcome to cooperate with Binance Web3 wallet.
2.QCP: The US election is approaching, the market remains cautious, and options show a breakthrough in expectations
QCP analysis pointed out that as the competition between US presidential candidates Harris and Trump became increasingly fierce, market trends remained sideways over the weekend, and the total leveraged positions fell from US$30 billion to US$26 billion, and investors remained cautious. The options market shows expectations for a breakthrough range. Since last Friday, the demand for buying 75k call options at the end of November has increased significantly, and option positions on election dates have also increased. The implied volatility on Friday exceeded 87%. The actual volatility is 40%. QCP expects the spot market to be range-bound until the election results become clear. A Trump victory could push markets higher, while a Harris win could trigger the opposite reaction.
Read the original article
3.BANANA ADA XAI BGB will have a one-time large amount unlock
In the next 7 days, large single unlocks (unlocked amount greater than 5 million US dollars) include NEON BANANA ADA XAI BGB AGI, etc., and large linear unlocks (single-day unlocked amount greater than 1 million US dollars) in the next 7 days include SOL WLD TIA TAO AVAX DOGE SEI NEAR DOT SUI FIL, etc. The total unlocked value exceeds 349 million US dollars.
Read the original article
4. Circle: intends to hire more employees and establish business in Hong Kong
Jeremy Allaire, co-founder and CEO of stablecoin issuer Circle, said that Hong Kong is an important market for USDC and that it intends to hire more employees and establish business in Hong Kong. It is currently waiting for the introduction of new stablecoin regulations in Hong Kong and will consider applying for a license after understanding the regulations. In addition, Chen Qinqi, vice president of Circle Asia Pacific, said that Hong Kong has great advantages in developing stablecoins, including the ability to achieve same-day US dollar settlement and is also the largest capital market in the Asia-Pacific region. It is believed that the Hong Kong version of stablecoins will have considerable market demand.
Read the original article
5.Tether CEO: There is no plan to build an official blockchain
Paolo Ardoino, CEO of Tether, tweeted that he had heard some rumors about Tether Chain again and that Tether was not planning to build an official blockchain at the moment. It was just that some independent L2 solutions were working to support the use of USDt as a fuel fee. One of the main reasons why Tether will not launch its own blockchain for the time being is that neutrality is very important. "Unstoppable TogETHER" is our motto, and we prefer to work with other companies and communities rather than trying to centralize everything.
Read the original article
6. Wu's macroeconomic indicators and analysis of this week: US presidential election, Federal Reserve interest rate decision
summary
Last week, the U.S. non-farm payrolls and ADP employment data showed a contrast, with the U.S. core PCE annual rate of 2.1% in September in line with expectations. This week will see major events: the 2024 U.S. presidential election and the Federal Reserve’s interest rate decision.
Last week review
The U.S. non-farm payrolls increased by 12,000 in October, seasonally adjusted, the smallest increase since December 2020; the previous value was an increase of 254,000.
The U.S. unemployment rate was 4.1% in October, in line with expectations and the previous reading of 4.1%.
The number of ADP jobs in the United States increased by 233,000 in October, compared with an increase of 143,000 in the previous month.
The initial estimate of the annualized quarterly rate of real GDP in the third quarter of the United States was 2.8%, in line with expectations of 3% and the previous value of 3%.
The initial annualized quarterly rate of the U.S. core PCE price index in the third quarter was 2.2%, compared with 2.8% in the previous period.
The Bank of Japan kept its policy rate unchanged at 0.25%.
The U.S. core PCE price index rose 2.1% year-on-year in September, in line with expectations and higher than the previous reading of 2.2%.
This week's key events & indicators
November 05
US holds 2024 presidential election
China's October Caixin Services PMI (09:45)
The Reserve Bank of Australia announces its interest rate decision and monetary policy statement (11:30)
November 7
Bank of England announces interest rate decision and meeting minutes (20:00)
Number of initial jobless claims in the United States for the week ending November 2 (10,000 people) (21:30)
November 8
The Federal Reserve announces its interest rate decision (03:00)
