1. Bitcoin related:

1. As of 8:00 on November 12, Bitcoin price was $88,648

2. Ethereum related:

1. As of 8:00 on November 12, Ethereum was quoted at $3,371.59

3. Other contents:

1. A trader made a profit of $4.77 million through ACT trading in 18 days

According to Lookonchain monitoring, a trader made $4.77 million by trading ACT in 18 days. From October 25 to November 3, the trader spent 2,658 SOL (457,000 US dollars) to buy 17.16 million ACT. After Binance announced the listing of ACT, he sold 9.33 million ACT and obtained 11,945 SOL (2.48 million US dollars), realizing partial profit. Currently, there are 7.83 million ACT (worth 2.74 million US dollars) remaining, with a total profit of 4.77 million US dollars.

2. Dune acquires a16z-backed smlXL and launches new product Dune Echo

Blockchain analytics firm Dune made three announcements at its DuneCon event in Bangkok, Thailand on Monday morning, including a new platform, the company’s latest acquisition, and new metrics designed to track meaningful blockchain adoption.

Launching today, Dune Echo is a new product from the analytics firm that connects developers with real-time blockchain data on 30 chains, including Ethereum, its multiple L2 networks, and Solana, which is currently in beta. Data on token balances and transaction queries is available within 300 milliseconds of block propagation.

Dune also announced the acquisition of a16z-backed smlXL, a blockchain company whose product can simulate live blockchain transactions. The value of the acquisition was not disclosed in the announcement.

3. Analysis: Binance has launched a total of 15 Memecoin projects this year, and 80% of the tokens have seen a significant increase in market value after being launched.

On-chain analyst @ai_9684xtpa released an inventory of Memecoin projects that have been launched on Binance in 2024:

Binance has launched a total of 15 Memecoin projects (including futures and spot) since 2024. 80% of the tokens have seen a significant increase in market value after being listed on Binance, and NEIRO (lower case) has even increased by 7594%.

Of the 15 memecoins launched by Binance this year, over 80% are zoo-related memes. 60% are deployed on the Solana network, 26.7% on the Ethereum mainnet, and the rest on BSC and Base, which is basically consistent with the main battlefield of the Meme market this year, and 73% of the projects were launched between August and November. Among them, only 5 were launched on both spot and futures, which shows that Binance is relatively cautious about spot listing.

4. DOGE surpasses USDC to become the sixth largest cryptocurrency by market value

On November 11, according to Coingecko data, as DOGE rose to $0.292, its market value has reached $42.3 billion, surpassing USDC ($36.9 billion). According to 8marketcap data, DOGE's market value is now equivalent to that of the People's Insurance Company of China (PICC), ranking 528th among the world's mainstream assets.

5. The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 64.9%.

According to CME's "Fed Watch": The probability of the Fed maintaining the current interest rate unchanged by December is 35.1%, and the probability of a cumulative interest rate cut of 25 basis points is 64.9%. The probability of maintaining the current interest rate unchanged by January next year is 22.4%, the probability of a cumulative interest rate cut of 25 basis points is 54.1%, and the probability of a cumulative interest rate cut of 50 basis points is 23.6%.

6. DWF Labs staking pool transferred 1.331 million TON to TON: Elector Contract address, worth more than 7 million US dollars

According to Arkham monitoring data, about 37 minutes ago, the DWF Labs Staking Pool marked address transferred 1.331 million TON to the TON: Elector Contract address, worth approximately US$7.16 million.

4. Financing information:

1. TON network expansion project TAC completes $6.5 million seed round financing

TON network expansion project TAC has completed a $6.5 million seed round of financing, led by Hack VC and Symbolic Capital, with participation from Primitive, Paper Ventures, Karatage, Animoca Ventures, Spartan Capital, TON Ventures and Ankr. The valuation and structure of this round of financing were not disclosed.

It is reported that TAC is designed to help TON and Telegram users access Ethereum Virtual Machine (EVM) applications within the app.