On November 5, 2024, Bitcoin ETF set the second largest net outflow record in history - $541 million of funds disappeared in an instant. This phenomenon seems to remind us that Bitcoin's road to becoming a "gold substitute" is far from as smooth as expected. Although the craze for digital currencies continues to heat up, this large-scale outflow of funds and the decline in the altcoin index may have poured cold water on investors who are eager to regard cryptocurrencies as a new generation of safe-haven assets. At the same time, as a representative of traditional safe-haven assets, gold ETFs have continued to attract investors' favor after nearly 20 years of trials and tribulations.

Original author: Sarah Wynn

Original title: Upcoming US elections poised to influence crypto legislation in 2025: Here’s what could happen next

Original source: The Block

Translated by: Koala, Mars Finance

As cryptocurrency companies flood the election cycle with funding, a large number of pro-crypto candidates may be elected on Tuesday.

The Senate races in Ohio and Montana could impact the progress of cryptocurrency legislation next year.

Whether the Democrats or Republicans control the House and Senate will also determine who leads key committees that will play a dominant role in regulating cryptocurrency and stablecoin legislation.

Mentougou cold wallet has moved again.

Seven hours ago, the Mentougou cold wallet transferred a total of 32,371 $BTC (approximately $2.19 billion), of which 30,371 BTC was transferred to address 1FG2C...Rveoy, and the token in the receiving address has not been transferred yet, with 2,000 BTC transferred to the cold wallet.

Wintermute transferred a large amount of $BABYDOGE for market making.

Three days ago, Wintermute received 37 trillion BABYDOGE from the UNCX Network token ownership contract, worth $7.58 million; as of 4 hours ago, these tokens have all been deposited into Binance and Bybit.

ENS early project team suspected of selling $ENS again.

Original source: Deep Tide

Reproduced: Koala, Mars Finance

Even strong players like Binance cannot ignore the rise of meme coins.

How did a meme pandemic form, this super cycle?

Recently, Binance Research released a report titled 'Understanding the Rise of Meme Coins,' which provides a comprehensive analysis of the phenomenon of meme coin surges, the macroeconomic factors behind it, its value propositions, and its potential impacts on the cryptocurrency industry.

We have refined and interpreted this report to help everyone quickly understand its key points.

Key points

1. Macro background: Global money supply expansion and investment behavior

Original author: Luke, Mars Finance

The total net asset value of the Bitcoin spot ETF reached US$68.06 billion on October 31, with a single-day outflow of US$579 million.

As of Farside data on November 4, the Bitcoin spot ETF had a single-day outflow of US$272 million, and its current total net asset value is US$71.23 billion.

in:

-IBIT daily net inflow 0;

-FBTC daily net outflow of $169.9M;

-BITB daily net outflow of $79.8M;

-ARKB's daily net outflow is $138.3M;

-BTCO daily net inflow 0;

-EZBC’s daily net outflow is $17.6M;

-BRRR daily net outflow of $5.7M;

-HODL single-day net outflow $15.3M;

The voting day of the US election has arrived, and the election campaign has entered a white-hot stage. Unlike previous elections, the crypto industry has become one of the focuses in this election. The presidential candidates and the two parties behind them have paid unprecedented attention to the crypto field, which makes it impossible for the crypto industry to stay out of it. The election results are likely to have a profound impact on the crypto industry. As Presidential analyst Hal Goetsch emphasized in his research report: "From a regulatory perspective, the 2024 election may be one of the most critical moments in the development of cryptocurrency."

The rise of the crypto-voter

After a period of rapid growth, a number of virtual assets including Bitcoin have recently experienced a sharp drop. At the end of October, Bitcoin once rose to a high of over $73,620, but it has fallen back again since November, falling below multiple barriers of $73,000, $70,000, and $68,000. The lowest price fell below $67,000 in the early hours of this morning, reaching $66,800. As of press time, the latest price of Bitcoin is $68,000, a 24-hour drop of 1%. Under the sharp drop of Bitcoin, other currencies in the virtual asset market have not been spared. Among them, Ethereum fell to a minimum of $2,357; SOL fell to a minimum of $155, and both have recovered.

Original title: Solana Dominates DEX Volume, Economic Value, and Net Inflows in October

Original author: Finn Miller

Original source: https://solanafloor.com/

Compiled by: Daisy, Mars Finance

Solana dominated decentralized exchange trading volume, economic value, and net inflows in October.

The Solana ecosystem started strong in the fourth quarter, leading all blockchains across multiple key metrics.

After a year of challenges, the Solana network has now consistently outperformed Ethereum, the largest Layer-1 blockchain in the crypto space, over a longer period.

Original Title: Hayes’ Playbook: Portfolio for the Elections and Beyond

Original Author: arndxt

Original Source: https://substack.com/

Compiled by: Daisy, Mars Finance

Hayes' Investment Guide: Navigating Elections and Future Portfolios

Arthur Hayes claims that elections are merely a distraction. He bets that the liquidity set to be released by global central banks will ignite the next bull market in crypto.

Here are his advance portfolio strategies.

Ladies and gentlemen, please get your popcorn ready, because Arthur Hayes is back.

Original author: Lyon, SeeDAO

Reprinted: Koala, Mars Finance

Introduction

In 1994, renowned American writer and entrepreneur Kevin Kelly delved into the intersections of technology, nature, and human society in his seminal work 'Out of Control,' exploring how these intersections shape our understanding of control, complexity, and evolution.

In this book, he prophetically pointed out that when the general public begins to master those codes and encryption techniques that were once thought to be unfathomable, its most significant achievement might be the birth of electronic currency.

As the dawn of the digital age breaks, a group of forward-thinking tech experts self-identify as crypto-punks. They not only perceive the profound impact of the internet on human society but also, through their unique perspectives and actions, lay a solid foundation for freedom and privacy rights in the digital age.

Original author: Brayden Lindrea

Original title: Ethereum is like 'Amazon in the 1990s' — 21Shares

Original source: Cointelegraph

Translated by: Koala, Mars Finance

An executive from 21Shares said: 'Just as Amazon transcended the book realm and redefined an entire industry, Ethereum may surprise us with revolutionary use cases that we cannot fully imagine today.'

A research analyst from cryptocurrency asset management firm 21Shares stated that Wall Street investors largely remain unaware of Ethereum's potential, much like the situation with Amazon in the early 1990s before it became a $2 trillion tech giant.

In the recent volatility of the crypto market, the Grass token ($GRASS) has attracted widespread attention from the market with its unique performance. Especially in the past five days, when the price of Bitcoin fell from $73,000 to a minimum of $67,400, many altcoins suffered the same fate and fell. However, Grass rose against the trend, climbing from a minimum of $0.65 to a maximum of $1.86. The current stable price is $1.56, with a circulating market value of $380 million and a FDV (fully diluted valuation) of $1.55 billion, surpassing the $1.2 billion market value of the Depin project IO.NET. This performance against the market makes Grass particularly prominent in the turbulent crypto market and brings new hope to many investors.

When BTC fell below $70,000, whales continued to accumulate BTC.

Since November 1, 5 whales have accumulated 2,780 $BTC ($192.4 million).

1DL34f withdrew 880 $BTC ($6.118 million) from Binance, worth $69,519 at the time, currently holding 1,381 $BTC ($9.512 million).

bc1qw0 withdrew 615 $BTC ($41.7 million) from Binance, worth $67,764.

37SwvX withdrew 595 $BTC ($41.38 million) from Binance, amounting to $69,587.

bc1qay withdrew 550 $BTC ($38.68 million) from Binance, worth $70,328.

Original source: Rhythm

Reprinted: Koala, Mars Finance

After dawn, history will come.

The fate of Bitcoin and the US White House election seem to have never been so closely intertwined. Since the end of October, Trump's winning rate on major prediction platforms has been declining, and Bitcoin has also been fluctuating. As the "hero" and "Bitcoin president" of the cryptocurrency circle, if Trump wins the election, what kind of explosion will the price of Bitcoin usher in? If he loses the election, what will happen to the cryptocurrency circle and Bitcoin?

As the election day draws near, let's take a look at the predictions of top traders and prepare a foolproof trading strategy.

Original article by Yogita Khatri

The Funding: Why crypto M&A deals are on the rise

Original source: The Block

Compiled by: Koala, Mars Finance

Just two weeks ago, we witnessed the largest acquisition in the crypto industry to date: US payments giant Stripe acquired stablecoin-focused payments platform Bridge for $1.1 billion, valuing the company at around $70 billion. Riding on this momentum, Bridge acquired Triangle earlier this week — a web3 wallet-as-a-service platform that enables applications to seamlessly onboard users to the blockchain.

Original author: Azuma, Daily Planet

Reprinted: Koala, Mars Finance

In the early morning of November 4, Jupiter founder meow responded to the topic of his personal and team’s financial motivations on X. In the article, meow mentioned that he will continue to devote himself to JUP for a long time, and announced that major news will be announced soon.

Considering the topic focus of the Jupiter community that year, it is hard not to associate this “big news” with the next round of airdrops that Jupiter vaguely announced at the beginning of JUP creation.

Will there be another round of airdrops? How many shares will be left?

The first thing that is certain is that there will definitely be another round of airdrops.

Bitcoin Spot ETF October 28 - November 1, weekly inflow of nearly $2.2202 billion, total net asset value reaches $67.47 billion

As of Farside data October 28 - November 1, the Bitcoin Spot ETF weekly inflow is nearly $2.22 billion, with a current total net asset value of $65.25 billion.

Among them:

-IBIT weekly net inflow of $2148.9 million;

-FBTC weekly net inflow of $89.8 million;

-BITB weekly net outflow of $12.3 million;

-ARKB weekly net outflow of $7.2 million;

-BTCO weekly net inflow of $0;

-EZBC weekly net inflow of $0;

-BRRR weekly net outflow of $6.3 million;

-HODL weekly net inflow of $0.8 million;

Original title: Bitcoin Is Surging—So Why All the Crypto Layoffs?

Original author: Sander Lutz

Translated by: Lawrence, Mars Finance

There have been many moments worth celebrating in the U.S. crypto industry this week: Bitcoin is just inches away from its all-time high, crypto ETFs have reached new milestones on Wall Street, and next week’s presidential election seems poised to advance the ecosystem regardless of the outcome.

However, you can hardly see all this overshadowing the difficult week for America's top crypto companies. On Tuesday, Ethereum software giant Consensys laid off 20% of its global staff. Hours later, the decentralized crypto trading platform DYdX, based in New York, reduced its team size by 35%. The next morning, one of the largest crypto trading platforms in the U.S., Kraken, also cut 15% of its employees.

Original authors: Dessislava Aubert, Anastasia Melachrinos

Compiled by: Lawrence

On October 9, 2024, three market makers—ZM Quant, CLS Global, and MyTrade—and their employees were charged with wash trading and conspiracy on behalf of the cryptocurrency company and its token NexFundAI. Based on evidence collected by the FBI, a total of 18 individuals and entities faced charges.

In this in-depth analysis, we will analyze the on-chain data of the NexFundAI cryptocurrency to identify wash trading patterns that can extend to other cryptocurrencies and question the liquidity of certain tokens. Moreover, we will explore other wash trading strategies in DeFi and how to identify illegal activities on centralized platforms.

Original author: Odaily

Reprint: Lawrence

November 5 is the presidential election day in the U.S. and will be a day that profoundly impacts the global situation for the next four years. In this upcoming U.S. election, the choices of voters will affect U.S. policy directions, China's policy responses, as well as trends in cryptocurrency and the stock market.

This post will detail the election mechanism, timeline, winning probabilities, and public opinions about them. Through these analyses, whether you are a spectator enthusiastic about the election or an investor interested in the cryptocurrency market, you will gain a deeper understanding of the current political situation and its potential impact on the future economy.