1. Bitcoin's volatility surged to a three-month high ahead of the U.S. election, with the market expecting fierce competition in key swing states.
2. The Federal Reserve's interest rate decision is imminent, with the market widely expecting a 25 basis point cut, leading to increased risk aversion in the cryptocurrency market.
3. BlackRock's Ethereum ETF holdings have surpassed 450,000 ETH, indicating sustained institutional interest in Ethereum.
BlackRock officially updates Ethereum exchange-traded fund data, as of this Friday, November 1, the ETHA holdings have surpassed 450,000 ETH, reaching 466,274.9828 ETH, with a market value of approximately $1,168,909,417.08.
4. Next week, approximately $6.3 million worth of ADA will be unlocked, which may impact market supply.
Next week, three crypto projects will unlock tokens, totaling approximately $13.87 million in value. On November 5, EIGEN will unlock about 1.28 million (approximately $3.03 million), accounting for 0.108% of the total supply; on November 6, ADA will unlock about 18.52 million (approximately $6.3 million), accounting for 0.041% of the total supply; on November 6, ENA will unlock about 12.86 million (approximately $4.53 million), accounting for 0.086% of the total supply.
5. Chainalysis reports that cryptocurrency adoption in Eastern Europe is rising due to institutional and DeFi drivers, with significant participation from Ukraine and Russia.
According to a report from Chainalysis, despite facing war and regulatory issues, cryptocurrency adoption in Eastern Europe has been steadily increasing, driven by institutional and DeFi activities. As the world's fourth-largest cryptocurrency market, Eastern Europe had an on-chain value of $499.14 billion from July 2023 to June 2024, accounting for 11% of the global cryptocurrency total. Chainalysis further noted that CEX is the most receiving area for cryptocurrencies in the region, 'close to $324 billion, with DeFi activity significantly increasing over the past year, and the cryptocurrency value was $165.46 billion, accounting for one-third of the region's inflow.' The report also mentioned that in this year's global cryptocurrency adoption index, regional participants Ukraine and Russia are 'ranked 6th and 7th respectively, with Russia rising 6 places from last year.'
6. Coinbase's Chief Legal Officer accuses the FDIC of taking secret actions to suppress the crypto industry and limit bank services for crypto companies.
Coinbase Chief Legal Officer Paul Grewal accuses the U.S. Federal Deposit Insurance Corporation (FDIC) of taking secret actions to suppress the crypto industry. Grewal claims that documents obtained through the Freedom of Information Act reveal a series of so-called 'pause letters.' It is alleged that in these letters, the FDIC instructed banks to delay or stop providing services to crypto companies. He described these letters as a 'shameful example of U.S. government agencies attempting to cut off the financial channels of lawful U.S. companies' and pointed out that the FDIC is unfairly targeting legitimate crypto companies, limiting their access to banking services. Documents shared by Coinbase show that FDIC officials urged banks to avoid launching or expanding crypto-related services due to concerns about 'safety and soundness' as well as potential consumer risks. In each case, the FDIC asked banks to wait until further review was completed—Coinbase believes this process sets unfair barriers for crypto companies.
7. The cryptocurrency market is notably volatile before the election, with Bitcoin dipping below a key price point as the market reacts strongly to uncertainty.
8. The cryptocurrency casino Metawin was hacked for $4 million, exploiting vulnerabilities in Ethereum and Solana hot wallets, and measures have been taken to recover.
The cryptocurrency casino Metawin was hacked for approximately $4 million in tokens, as hackers exploited its withdrawal system to attack the protocol hot wallets on Ethereum and Solana. According to Metawin's CEO, the company has restored access, compensated for the stolen funds, and contacted law enforcement.
9. A whale borrowed 10 million DAI from Maker to purchase ETH, and the holding strategy has drawn market attention.
A whale recently borrowed 10 million DAI from Maker and purchased 3,998.5 ETH, now holding over 65,000 ETH (approximately $161.25 million), with an average cost of about $1,743. This whale previously spent $104 million in 2022 to buy ETH and WBTC, but later converted all WBTC into ETH.
10. The U.S. election has a huge impact on the crypto market, with traders expecting price fluctuations of up to 10% after the election.
11. In the coming days, several tokens will be unlocked, with a total value of approximately $13.87 million, investors should pay attention to potential market fluctuations.
The above is a selection of hot topics from the past 24 hours. For faster news, please download AICoin (aicoin.com).
