1. Q2, Q3 on-chain perpetual contract trading volume totaled $118.57 billion, with the top 3 accounting for over 45% of the trading volume.
Q2, Q3 on-chain perpetual contract trading volume totaled $118.57 billion, with the top 3 accounting for over 45% of the trading volume, namely Hyperliquid (16.94%), dYdX V3 & V4 (14.37%) and SynFutures (14.11%). Next were Jupiter Perpetual Exchange (6.70%), Orderly Perps (5.52%) and other projects.
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2. A 'ancient whale' from 2009 has sold a total of $9.68 million worth of Bitcoin.
A 'ancient whale' who has been mining since the early days of Bitcoin recently conducted a large sell-off. This address started mining thousands of BTC just 5 days after the first block was created in 2009, and has sold BTC worth $9.68 million, leaving $72.09 million in BTC.
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3. QCP: Short-term implied volatility peaked on election day, with the crypto market still leaning bullish.
Meanwhile, the S&P 500 index reached an all-time high, with 20% of companies about to release earnings reports. The options market leans towards protection through buying put options, expecting the index to fluctuate by 1.8% on election day, November 6. The correlation between cryptocurrencies and stocks has reached a historic high of 0.83, potentially indicating a market turning point. As both candidates are more supportive of cryptocurrencies than the previous administration, a weak stock market may drive funds towards the crypto market. Trump's speech in Nashville pushed implied volatility to 85%, while the implied volatility for the current election expiration date is 55%. This indicates an opportunity for long-term volatility trading, as potential delays in election results (such as recounts) may lead to significant market fluctuations.
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4. Crypto payment provider Transak experienced a security incident, with 1.14% of users' basic identity information leaked.
Crypto payment provider Transak announced that the company recently experienced a security incident, resulting in the basic identity information of 1.14% of users being leaked. The attacker gained access to an employee's laptop through complex phishing attacks, then logged into a third-party KYC provider's system, accessing specific user information stored on that provider's dashboard. The leaked information included user names and basic identity information. Transak emphasized that no financial sensitive information was leaked, including email addresses, phone numbers, passwords, credit card details, social security numbers, etc. Currently, there are no signs that the leaked data has been misused.
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5. The Ras Al Khaimah region of the UAE launches a regulatory framework for free trade zone DAO.
The Ras Al Khaimah region of the United Arab Emirates (UAE) announced the launch of the DAO regulatory framework 'DAO Association System' (DARe), which will be implemented in the RAK Digital Assets Oasis free trade zone. The framework provides two models: one for emerging projects with fewer than 100 members, and another for mature DAOs with funding scales exceeding $1 million. RAK DAO Chief Business Officer Luc Froehlich stated that the framework will enable DAOs to interact with the off-chain world, such as opening bank accounts and owning both on-chain and off-chain assets.
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