News on November 5: Due to the U.S. elections and daylight saving time, the Federal Reserve will announce its interest rate decision at 3:00 AM Beijing time on November 8 (Friday). As a rule, the Federal Reserve usually holds its monetary policy meetings on Tuesday and Wednesday, and announces the decision on Thursday morning, but this time it has been postponed by one day due to the U.S. election voting. The voting for the 2024 U.S. election will begin at 1:00 PM Beijing time on November 5 (Tuesday).
$$BTC

On November 5, according to Lookonchain monitoring, whales are selling $AAVE. On-chain data shows:
• Address 0x7634 withdrew 25,790 $AAVE (about $3.39 million) from Aave 50 minutes ago and deposited it in MEXC.
• Address 0x790c withdrew 7,822 $AAVE (about $1.04 million) from Aave 3 hours ago and deposited it in Binance.
• Cumberland deposited 10,000 $AAVE (about $1.29 million) to OKX 6 hours ago.
• Galaxy Digital deposited 7,897 $AAVE (about $1.02 million) to Binance 10 hours ago.

On November 5, news emerged that Binance and its founder Zhao Changpeng (CZ)'s legal team filed a motion on November 4 to dismiss the U.S. Securities and Exchange Commission (SEC)'s amended lawsuit allegations, according to CoinDesk. The legal team accused the SEC of lacking clarity in its regulatory standards for crypto assets, arguing that the SEC failed to clearly define which crypto asset transactions constitute 'investment contracts'.

The lawyers stated in the documents that the SEC insists on treating nearly all transactions involving crypto assets as securities transactions, even blind resales in the secondary market, as some buyers may expect asset appreciation. At the same time, the lawyers pointed out that the SEC's regulatory standards for assets like Ethereum are arbitrary, recently retracting its claims that Ethereum transactions constitute investment contracts without justification. This lawsuit is unrelated to the U.S. Department of Justice's criminal charges against Zhao Changpeng and Binance, the latter of which admitted to violating anti-money laundering and sanction regulations in 2023 and paid a $4.3 billion fine.

PANews November 4 news, according to on-chain analyst Yu Jin's monitoring, a large holder (whale) is betting that Vice President Kamala Harris will win the upcoming U.S. election. In the past 11 hours, the whale withdrew 5 million USDC from Binance and invested all the funds into the decentralized prediction market Polymarket to support Harris in winning the election. If Harris ultimately wins, he will receive a return of up to 10.87 million dollars.

According to PANews on November 4, Justin Sun posted on the X platform that Binance’s listing fee for its project is zero, while Coinbase requires payment of 500 million TRX (about 80 million US dollars) and requires 250 million US dollars of Bitcoin to be deposited in Coinbase Custody to improve the platform performance.

PANews November 4 news, Alternative data shows that today's Fear and Greed Index has dropped to 70, remaining in the Greed level. Yesterday it was 74.
Note: The Fear Index threshold is 0-100, including indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Heat (15%) + Market Surveys (15%) + Bitcoin's Proportion in the Overall Market (10%) + Google Trend Analysis (10%).
#Bitcoin

There have always been many fake USDTs on the market.
Recently, there have been more on the Solana chain.
But no matter what chain, there are fake USDTs!
Everyone must be very careful!

The best way to identify them is to look at the smart contract.
Generally, fake smart contracts have fewer holders.
(This is just one way to identify them.)

#Hope this helps everyone.

PANews reported on October 29 that according to Ordinal News, Cardano founder Charles Hoskinson changed his stance on Bitcoin and announced that Cardano L1 will be transformed into Bitcoin L2.
$ADA

On October 29, the latest "2024 Hengchang Shaofang Hurun Rich List" released by Hurun Research Institute showed that former Binance CEO CZ ranked 16th with a wealth of 135 billion yuan. Although he paid more than 7 billion US dollars in fines due to judicial settlements in the past year, his personal wealth increased by 90 billion yuan compared with last year, ranking second in the annual wealth growth list, thanks to the rise in Bitcoin prices and the growth in cryptocurrency trading volume.

According to Odaily Planet Daily, TradingView data shows that BTC's market share is close to 60% (currently 59.66%), up 15.64% this year. It is worth mentioning that the indicators shown by various data platforms are different. For example, CoinGecko data shows that the current BTC market share is 55.9%.

On October 29, according to Whale Alert, an address containing 749 BTC ($53,227,433) was just activated after 12 years of dormancy (worth $7,974 in 2012).
$BTC

Golden Finance reports that documents submitted by Microsoft to the U.S. Securities and Exchange Commission (SEC) show that a vote on the 'evaluation of investing in Bitcoin' will take place at the shareholder meeting on December 10. The proposal was put forward by the conservative think tank National Center for Public Policy Research, but the Microsoft board recommends that shareholders vote against it. The board believes the proposal is 'unnecessary' and stated that the company's management has already given sufficient consideration to Bitcoin and other cryptocurrencies, and will continue to monitor relevant trends to inform decision-making in the future.

News on October 23: CloverPool data shows that the Bitcoin mining difficulty experienced an adjustment at block height 866,880 (2024-10-23 02:05:01), with the mining difficulty increased by 3.94% to 95.67 T, setting a new historical high. Currently, the average network hash rate is 706.03 EH/s.

October 24 news, Binance announced that it has completed the integration of the Worldcoin (WLD) mainnet and has opened deposit and withdrawal services.

#Bitcoin #Bitcoin

On October 24, according to Jin Ten Data, the latest poll shows that Trump is leading Harris, with 52% of voters supporting Trump for president of the United States.

On October 24, according to CoinDesk, the latest report from on-chain data analysis company Glassnode shows that the number of 'whale' entities holding at least 1,000 bitcoins in the Bitcoin network has risen to 1,678, hitting a new high since January 2021. Bitwise's European research director André Dragosch stated that the increase in whale entities, along with strong demand for alternative investment tools such as U.S. spot ETFs, reflects the growing confidence in the market regarding Bitcoin's price prospects. 'Entities' are defined as clusters of cryptocurrency wallet addresses held by a single network participant, each possessing at least 1,000 bitcoins. Meanwhile, data from analysis company CryptoQuant shows that as Bitcoin's price approaches $70,000, the accumulation rate among retail investors has significantly slowed. CryptoQuant disclosed to CoinDesk: 'In the past 30 days, retail holdings have only increased by 1,000 bitcoins, which is at a historically low level. Since the beginning of 2024, the growth rate of holdings among other large investors (holding between 1 and 10,000 bitcoins) has surpassed that of retail investors. So far, retail holdings have increased by 30,000 bitcoins, while other large investors have increased by 173,000 bitcoins.'

On October 23, spot gold briefly broke through 2750 USD/ounce, setting a new record high. (Jin Ten)

PANews October 23 news, according to Coingape, JPMorgan CEO Jamie Dimon privately supports Kamala Harris's presidential campaign but has not publicly stated so to avoid potential backlash if Trump wins. Sources say Dimon endorses Harris's policies and is considering taking a position in her administration. His relationship with Trump is tense; although he praised Trump's tax policy at the Davos Forum, his spokesperson denied that Dimon supports Trump. Currently, Dimon maintains a low profile in his political stance to mitigate possible negative impacts.

According to Mars Finance, the capital of Argentina, Buenos Aires, has announced the implementation of blockchain and zero-knowledge encryption technology for the issuance of digital identities. According to local media reports, the government disclosed on October 21 that it has integrated the decentralized identity solution QuarkID into its miBA digital platform, which is the platform used by the city to access government services and documents. Since October 1, over 3.6 million active miBA users have received decentralized digital identities (DIDs) protected by QuarkID, which is a digital identity protocol built by the Web3 company Extrimian. The QuarkID wallet is supported by ZKsync Era. The statement from the Buenos Aires government shows that by allowing 3.6 million residents to better control their personal data, the city is setting new standards for privacy and security in digital identity management.

According to Mars Finance news, multiple cryptocurrency practitioners have reported that their Twitter (X) and TG accounts were hacked, ultimately traced back to the attack source being the North Korean hacker organization DangerousPassword through a security company. One of the cryptocurrency practitioners whose account was hacked stated that he did not click on any phishing links, and the specific reason for the hack is still under investigation. It is worth noting that the North Korean hackers involved in this incident are proficient in Chinese and are well-versed in current trends and terminology in the cryptocurrency industry.