The Bitcoin network experienced a new round of mining difficulty adjustment at block height 870,912, with the difficulty increased by 0.63% to 102.29 T, setting a new historical high. According to CloverPool data, the average hash rate across the network in the past seven days has reached 738.3 EH/s. This trend demonstrates miners' continued confidence and investment in the Bitcoin network, and the market maintains an optimistic outlook on Bitcoin's long-term development prospects.
Ethereum co-founder Vitalik Buterin recently stated on the X platform that Ethereum's scaling strategy includes increasing its blob capacity and improving the data efficiency of Rollups. Starknet has launched version 0.13.3, actively responding to the growing demand for Ethereum blobs. This initiative showcases Starknet's progress in enhancing on-chain data processing capabilities, indicating that more EVM Rollups will improve data efficiency in the future, bringing optimistic prospects to the market.
BlockBeats News, CryptoQuant CEO Ki Young Ju announced on November 18 that the trading volume of retail-level Bitcoin transactions (single transaction amounts less than $100,000) has reached its highest level in three years. This trend indicates that more and more retail investors are entering the market, which may bring new upward momentum to Bitcoin prices. On-chain data analysis shows that the active participation of retail investors may drive further market development and enhance market confidence.
DuckChain announces the launch of the consumer Layer mainnet based on TON, and introduces an innovative ISO model that allows users to convert Telegram Stars into on-chain assets, lowering the usage threshold for Web2 users. This initiative will promote the large-scale Web3 adoption among Telegram users. As the first consumer Layer supporting EVM compatibility, DuckChain has attracted nearly 50 ecological projects to connect, enhancing the on-chain application ecosystem. Testnet data shows that MiniApp has over 2 million daily active users, with total transaction volume exceeding 29 million, demonstrating strong market potential.
According to the latest on-chain data analysis, over 60% of Litecoin (LTC) holders are currently in profit, which is the highest level since April this year. This positive signal indicates that market confidence in LTC is strengthening. However, the analysis also points out that some holders bought at the 2021 peak and may choose to sell when they break even, creating some market resistance. Overall, the outlook for the LTC market remains optimistic, and investors should closely monitor changes in on-chain data.
The digital asset market continues to show strong momentum. According to CoinShares' latest weekly report, last week saw a net inflow of $2.2 billion into digital asset investment products, pushing the total inflow for the year to a record $33.5 billion. Bitcoin attracted $1.48 billion in funds, although short-selling products also saw an inflow of $49 million. Ethereum saw an inflow of $646 million due to the Beam Chain network upgrade and the impact of the U.S. elections, accounting for 5% of its assets under management. Solana also performed well, securing $24 million in funding. The U.S. market led with an inflow of $2.2 billion, while investors in Sweden and Germany chose to take profits.
BlockBeats news, on November 18, GMGN market data shows that the market value of the AI-driven VC DAO token ai16z on the Solana chain has first exceeded 500 million USD, reaching a historical high, with a 24-hour increase of 13.2%. ai16z, as the first AI venture capital fund, is fully managed by Marc Andreessen and invests through recommendations from DAO members, aiming to surpass the achievements of a16z founder Marc Andreessen. This breakthrough reflects the market's optimistic attitude towards AI-driven investments.
The holdings of US Bitcoin spot ETFs increased from 629,900 to 1,054,500 in just 10 months, and the proportion increased from 3.15% to 5.33%. CryptoQuant analysts pointed out that this trend of increasing holdings is closely related to the rise in Bitcoin prices, especially in March and November. If the United States includes Bitcoin in its reserve assets in the future, the inflow of funds into spot ETFs may further expand, showing the market's confidence and optimistic expectations for Bitcoin.
The latest data from Avalon Labs shows that its total locked value (TVL) has exceeded $1.5 billion, of which the Bitcoin stablecoin USDa has locked more than $500 million in just one week after its launch. As a leader in BTCFi's financial infrastructure, Avalon Labs is releasing more liquidity through Bitcoin stablecoins to inject vitality into the BTCFi ecosystem. Currently, the platform manages about 16,667 bitcoins and has achieved good results in the BNB incubation program and the MVB8 accelerator project.
Last week, the Ethereum spot ETF market performed strongly, with a total weekly net inflow of $515 million. According to SoSoValue data, Blackrock's Ethereum ETF ETHA led the way with a net inflow of $287 million, with a total historical net inflow of $1.72 billion. Fidelity's Ethereum ETF FETH followed closely behind, with a weekly net inflow of $199 million and a total historical net inflow of $756 million. The total net asset value of Ethereum spot ETFs is now $9.148 billion, showing the market's continued confidence in Ethereum.
On-chain data analysis shows that the 1,804 ETH purchased by whale address 0xB97 two years ago at an average price of $1,579 has now been deposited in Binance. If you choose to sell, the investment will realize a profit of US$2.7 million, a return rate of 94.8%. This movement demonstrates that long-term holding strategies can still deliver significant gains despite market volatility, further strengthening market confidence in crypto assets.
Blockchain data analysis shows that a whale or institution borrowed 33 million USDC through the Aave platform 10 days ago and purchased 11,486 ETH at $2,873 per ETH. After holding for 10 days, the whale sold all of them at an average price of $3,083 per ETH in the past half hour, making a profit of $2.4 million. After deducting the loan, the profit was converted into 26.6 WBTC. This operation demonstrates the flexible arbitrage opportunities in the market and the liquidity of crypto assets.
Wrapped Bitcoin (cbBTC) launched by Coinbase has shown strong performance in on-chain data. According to Dune data, as of November 17, the circulating supply of cbBTC has reached 15,070. On the Ethereum chain, cbBTC accounts for 16.3%, while on the Base chain it accounts for as much as 82%. At present, the market value of cbBTC has exceeded 1.3 billion US dollars, showing the market's high recognition and demand for this crypto asset. This trend shows that wrapped Bitcoin has great potential for application in the multi-chain ecosystem.
According to the latest on-chain data analysis, the cumulative revenue of the pump.fun platform has exceeded $200 million, reaching $200,778,402, equivalent to approximately 1,268,965 SOL. The platform has issued more than 3.36 million tokens, with 35,799 new tokens added in the past 24 hours alone, and the number of daily active addresses has exceeded 140,000. It is worth noting that 63.3% of the transaction volume on the Solana chain in the past 24 hours came from tokens issued by pump.fun, showing its strong performance and influence in the market.
The market value of the AI-driven venture capital DAO token ai16z on the Solana chain has exceeded $400 million, now at $400.6 million, up 28.1% in 24 hours, setting a new record high. ai16z is the first AI venture capital fund fully managed by Marc AIndreessen, and invests through recommendations from DAO members. The fund aims to surpass the achievements of a16z founder Marc Andreessen and become a leader in his field of expertise. This milestone marks the huge potential of the combination of blockchain and artificial intelligence.
According to BlockBeats, on-chain data analyst @ai_9684xtpa's monitoring shows that a whale-level Meme trader has been active in the market recently. The trader invested 4,642 SOL 40 minutes ago and purchased 2.35 million SLERF at an average purchase price of $0.4325. This trend shows that the market's interest in SLERF is increasing, which may indicate a positive price trend in the future. Investors can pay close attention to this trend to seize potential opportunities.
On-chain data analysis shows that after releasing the pledge, a whale address transferred 5.187 million ENA to Binance, with an estimated profit of $900,000, an increase of 43%. This operation reflects the market's confidence in ENA and the positive trend of the current market environment. Investors should pay close attention to such large transactions to capture potential market trends and investment opportunities.
According to on-chain data analysis, a whale address recently withdrew 3.848 million PNUT from Binance, worth about $7.12 million, with an average price of $1.85. It is worth noting that the address purchased 10 million GOAT at an average price of $0.61 a week ago, investing $6.1 million, and has now realized a floating profit of $5.5 million, an increase of 90%. Such trading activities show the market's strong interest in crypto assets and potential profit opportunities.
According to BlockBeats, The Data Nerd monitoring shows that a newly created address withdrew 177 ETH (about $550,000) from Binance 15 hours ago and purchased 6 million NEIROETH on the chain. Since the address made this transaction, the price of NEIROETH has risen by 10%. This kind of on-chain data analysis shows that the market demand for NEIROETH may be increasing, and investors can pay attention to the subsequent performance of the project to capture potential market opportunities.
On-chain data analysis shows that SmartMoney address v2yNh bought 40.3 million BITCAT at 7.84 SOL (about $1,678) during the BITCAT internal market, with an average price of only $0.00004165. The address then successfully liquidated its positions in the market value range of $5 million to $30 million, making a profit of $467,000, with a return rate of 27,837%. In addition, the address has traded 341 Meme coins in the past seven days, with a cumulative profit of $857,000, demonstrating excellent market acumen and fast trading capabilities.