Today we continue to talk about CSPR in order of market capitalization. Its current market capitalization is approximately US$5.6, ranking around 80+.
Casper is a proof-of-stake blockchain network that optimizes blockchain applications to support enterprises and developers. The Casper network is the first blockchain built on the CBC Casper specification, which stands for Correct-by-Construction. The network can tokenize almost any asset without compromising performance or security, thereby continuously creating new markets and unlocking value. Casper is designed to accelerate the adoption of blockchain technology by enterprises and developers today, while ensuring high performance in the future as the needs of network participants evolve.
Grayscale Works for Me Series (14) Optimistic Oracles UMA & DEFI L1 INJ are both average?
The market has recently retreated slightly, and the indicators do need to be adjusted, but as I said, this violent bull market will not wait for you for long. After 3 consecutive weeks of positive days, there will be 4 consecutive weeks of positive days, and then after a brief adjustment, there will be another terrifying 3-5 consecutive weeks of positive days. So this bull market is going to speed up, so hold on tight. Today we will look at Grayscale’s new holdings series. Today we will talk about the last two projects in the DEFI track, UMA and INJ. We have also talked about them before. Let’s see what fundamental changes they have. The DeFi track includes 7 currencies: Jupiter (JUP), Ondo Finance (ONDO), Ethena (ENA), Aerodrome (AERO), Pendle (PENDLE), UMA Project (UMA), and Injective Protocol (INJ).
Trump nominated his chief lawyer as Deputy Attorney General of the United States, and nominated his private lawyer John Saul as Deputy Attorney General of the United States. When one person succeeds, everyone else will benefit!
Today, Binance announced that it will list Usual (USUAL) on Launchpool and Pre-Market. Pre-Market will be launched on November 19, 2024, and Launchpool will start on November 15. The total supply of Usual is 4 billion, with an initial circulation of 12.37%, of which the Launchpool portion is 300,000,000, accounting for 7.5% of the total. Unlike the highly volatile Meme coins, Usual is a stablecoin protocol. Its goal is to solve problems in the existing stablecoin market through decentralized control, bankruptcy isolation and innovative revenue distribution mechanisms. Usual's core selling points: Decentralized stablecoin: The issuance of Usual is controlled by the community to ensure the transparency and neutrality of the protocol. Bankruptcy isolation: Avoid traditional bank risks by linking to ultra-short-term bonds. Revenue distribution: Users can not only obtain stablecoin income, but also participate in the development of the protocol through governance tokens. Core products: USD0: A stablecoin based on US Treasury bonds that avoids systemic banking risks and is transparent and scalable. USD0++: An enhanced Treasury bond that provides double returns and allows users to participate in protocol governance through USUAL tokens. USUAL: A governance token that ensures the sustainable development of the protocol and provides returns through a staking mechanism. Risks and Outlook: Usual's innovative model has great market potential, but it also faces regulatory uncertainty, market education costs, and competition risks. Overall, Usual represents an important exploration of DeFi 2.0, and long-term investors can pay attention. #Launchpool
This round of BTC bull market will be even faster and more violent. The last round was bullish for institutions, and this round will be bullish for super institutions + the government!
As soon as the CPI was released yesterday, it was a big positive. The price of Bitcoin jumped from 87,000 to 93,000 in one breath. I also said in yesterday's video that nothing can stop the upward trend at present. It is basically unstoppable without major events. If this wave of CPI data is not good, then the air force may make a fuss, but it is unexpectedly good. Once it breaks through 9w, the next major barrier is the integer 10w barrier. This is estimated to encounter some resistance. I estimate that there will be many orders hanging at 10w.
FLOKI cryptocurrency surges 40.72% in a week, trading volume remains high
New addresses surge, user acceptance increases At press time, Floki [FLOKI] is priced at $0.000194, down 6.01% in the past 24 hours. However, the token is up 40.72% in the past week, showing an overall upward trend.
With a 24-hour trading volume of $1.37 billion, trading activity remains high despite a short-term price correction.
FLOKI has a circulating supply of 9.7 trillion and a market cap of $1.88 billion. The recent decline may just be a normal correction after the rise.
Key Support and Resistance Levels The technical picture shows some important price levels. The upper Bollinger Band at $0.00021499 may act as a resistance level for the price.
On the other hand, the lower $0.00009907 is a key support point that may attract buying intervention. The middle Bollinger Band is around $0.00014949 and could switch between support and resistance depending on price action.
The relative strength index (RSI) is around 64 at press time, showing that the asset is in bullish territory but not overbought.
In addition, the MACD indicator shows positive momentum and the Chaikin Money Flow (CMF) index is 0.18, indicating steady buying power, supporting the bullish trend.
Futures Market Updates FLOKI futures open interest decreased by 10.05% to $28.48 million at press time.
This indicates a decrease in leveraged positions, possibly as traders choose to take profits or reduce positions after volatility.
Despite the decrease in open interest, the futures market remained active, with trading volume rising by 5.10% to $303.35 million.
This reflects that while some traders are controlling their risk, others are still participating in anticipation of further price volatility.
Prospects for network expansion FLOKI’s on-chain activity has increased significantly over the past week. The number of new addresses has increased by 331.93%, and the number of active addresses has increased by 233.42%, indicating an increase in the number of users.
These data indicate that the FLOKI ecosystem is more active and more wallets are participating in transactions.
Grayscale Works for Me Series (13) AREO governance model is unreliable? Pendle Supernova is invincible!
First of all, congratulations to those who read the article and watched the video carefully yesterday. Those who read it carefully should have gained a lot. Yesterday, the U.S. stock market turned a little green, and then the overall market fell slightly. It did not continue to charge forward, but it did not pull back significantly, which is quite normal. It rushed forward fiercely before, and it needs to be sorted out. Today there is a more important event, which is the announcement of the U.S. CPI. According to this news, there should be a wave of articles to see whether it is good or bad. If it is bad, I think it will be used by the previous air force to create a wave of rhythm. If it is good, then the charge will continue.
On the 12th, U.S. President-elect Trump announced that Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy will jointly lead the proposed 'Department of Government Efficiency' (DOGE) after he assumes office. Trump stated that the 'Department of Government Efficiency' will 'pave the way for dismantling government bureaucracy, reducing unnecessary regulatory red tape and wasteful spending, and restructuring federal agencies.' #DOGE看涨情绪飙升
On-chain data analysis: Uncovering the shocking secrets behind the explosion of PNUT&ACT
Yesterday, the market surged, and Bitcoin surged 10%, reaching a high of 89,000 US dollars, only 500 points away from the integer mark of 90,000. I have said in the community before that it is too easy to break through 80,000, so the next step is to hit 90,000. And it has been mentioned many times that this market will not have a big correction to give small investors a chance to get on board. Today, let's take a look at a big event yesterday, which is the listing of ACT and Pnut projects on binance, which directly pulled up 10X. Then let's take a look at the fundamentals of these two projects. In fact, when I was researching these two projects in the morning, I also found two passwords. Let's take a look at them together according to my research ideas.
One week after the U.S. elections, the cryptocurrency market continues to surge, especially Bitcoin (BTC), which broke through $88,000 on Monday, setting a new all-time high. The CoinDesk Bitcoin Index (XBX) shows that Bitcoin has increased by 11.3% in the past 24 hours, reaching a peak of $88,448. The current market capitalization of Bitcoin is approximately $1.37 trillion, surpassing the total market capitalization of silver, a feat not seen since the beginning of the year, driven by the market enthusiasm for spot ETFs. Not only is Bitcoin performing strongly, but the CoinDesk 20 Index (CD20) has also risen by 7.9%. Ethereum (ETH) and Solana (SOL) have increased by 6.4% and 6.7%, respectively, with Ethereum's price surpassing $3,300, while Solana broke through $220. Tokens such as Aptos (APT), Near (NEAR), and Render (RNDR) have also performed well, with gains in the CD20 index reaching 18%-25%. Buoyed by the weekend's market performance, related crypto stocks have also strengthened. Coinbase (COIN) stock rose nearly 20%, closing at over $320, marking a new high since November 2021. The stock prices of Bitcoin mining companies MARA Holdings (MARA), CleanSpark (CLSK), and Hut 8 (HUT) also increased by 25%-30%. Additionally, MicroStrategy (MSTR) — the company with the largest corporate Bitcoin reserves — saw its stock price rise by 25%, reaching a historical high of $340, surpassing records from the dot-com bubble era. The company also announced the purchase of an additional 27,200 BTC, bringing its total holdings to 279,420 BTC, valued at approximately $2.45 billion at current market prices.
MicroStrategy founder Michael Saylor posted on social media that MicroStrategy increased its holdings of 27,200 BTC at a cost of approximately $2.03 billion. Institutions are buying, but what about retail investors?
Bitcoin stands at $80,000; this bull market is estimated to reach between $600,000 and $1.5 million?
The market has really been explosive these past few days, Bitcoin surged to $80,000 last night, and has stabilized at that level. After the election on November 6th, it broke the previous high of $75,000, and within just five days, it easily broke through the $80,000 threshold, which is unstoppable. Previously, when analyzing the market, I mentioned that as long as it broke the previous high of $73,777, there would be no resistance ahead, and we could freely look at $80,000-$100,000.
Those who are fully invested should be very happy, especially those who held a lot of Bitcoin early on. In this market, if you're looking at short-term K-line experts, you won't be able to get in because it won't give you the opportunity to buy on a pullback. After hitting $75,000, it pulled back 500-1000 points, and it happens in an instant. If you hesitate slightly, it will leave immediately, like a proud goddess; if you slow down your steps a bit, and if you don't follow, then sorry, it will walk far away immediately. So when this kind of market comes, many traders say either keep up immediately, act like a madman to gamble, I've mentioned gambling many times, many short-term experts say it's gambling, but they are unwilling to admit it's actually a bet. Entering at this position is just betting that it will definitely rise or betting that it will definitely fall, which is actually a 50% probability.
The three major US stock indices have all hit new highs, just like Bitcoin, with no resistance ahead. Coupled with the Federal Reserve's continuous monetary easing and global liquidity, US stocks are set to soar at tonight's opening. Bitcoin is heading for 8.5, and don't expect a pullback; it is impossible for a pullback to give you a chance to get in.
Bitcoin rises to $80,000, mainly due to strong demand from institutions through spot Bitcoin ETFs, rather than retail investors' FOMO (fear of missing out). Shortly after the U.S. presidential election, net inflows into spot Bitcoin ETFs reached approximately $2.3 billion. Cameron Winklevoss, co-founder of Gemini, pointed out that this 'sticky' demand indicates a long-term bullish sentiment in the market, and the current market cycle is still in its early stages. Winklevoss stated that the rise in Bitcoin is primarily driven by ETF demand, rather than retail investors chasing prices, 'this is a form of capital similar to HODL (holding rather than selling), with the bottom continually being raised.' Influenced by the presidential election, the performance of U.S. cryptocurrency ETFs fluctuated this week. After Trump announced victory on November 5, the trends for spot Bitcoin and Ethereum ETFs reversed. According to Farside Investors data, 11 spot Bitcoin ETFs attracted approximately $622 million in net inflows on Wednesday. BlackRock's IBIT trading volume set a record of $4.1 billion, despite a net outflow that day. Subsequently, IBIT recorded over $1 billion in net inflows on Thursday, bringing its total managed assets to over $33 billion, surpassing BlackRock's iShares Gold Trust (IAU). Overall, U.S. spot Bitcoin ETFs absorbed approximately $2.3 billion in net inflows over three trading days following the election. Other crypto products also benefited, with spot Ethereum ETFs attracting nearly $218 million from Wednesday to Friday. Classic supply and demand dynamics are driving the rise of Bitcoin. Institutions are purchasing Bitcoin through ETFs, while the halving event limits supply. Bitwise CIO Matt Hougan believes this could push Bitcoin prices towards six figures. Global monetary policy adjustments (such as China's stimulus measures and the Federal Reserve's interest rate decisions) may also exert upward pressure on Bitcoin prices.
Bitcoin breaks 80k very easily, so the next wave is 90k. Last time I said as long as we break 73777, there will be no more pressure afterwards. It's a smooth journey ahead, and everyone is making a fortune. Don't think about a pullback; it's not easy for the big players to push it up, and they won't give you a chance to jump on board with a significant pullback.
In the game, you never know who your opponent is; maybe he is the richest man. Recently, Elon Musk revealed his achievements in 'Diablo IV', surprising players worldwide with a ranking of 2nd in the U.S. and 19th globally.
Musk's ranking comes from 'Pit 150'. After entering this challenge, the game features random maps and random enemies. Players must defeat a certain number of monsters and bosses to clear the level. In this mode, monsters start from level 100, so the difficulty is very high. According to the game timing, the shorter the completion time, the higher the ranking.
Upon verification, Musk ranked 19th with a time of '2:45'. It is worth mentioning that he used his real name 'Elon Musk' in the game. Musk is indeed impressive, whether in business, with women, or in gaming.
The infamous Lolita Island list is about to be released. Lolita Island is a private island, belonging to the U.S. Virgin Islands, covering an area of approximately 300,000 square meters. This island is known for its unique nature and geographical location. It was purchased by Jeffrey Epstein and was turned into a paradise for the elite to indulge. Hundreds of minors once provided sexual services on the island, hence it is also referred to as "Lolita Island." Some people are starting to shiver.