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Bitmine's ETH treasury was fully acquired in just 34 days, showing rapid accumulation and growing confidence in Ethereum.Why It MattersPotential Impact on the Market
TOTAL3 breaks out of a long-term inverse head & shoulders pattern—analysts suggest bullish momentum for altcoins.Dips Present Buying OpportunitiesFocus on the Macro Timeframe
Bitcoin miners rake in over $37 million in profits, signaling strong network activity and investor interest.Transaction Fees Drive EarningsWhat This Means for Bitcoin Investors
Ethereum supply on exchanges is dropping rapidly, signaling a potential supply shock that could impact ETH prices.Why This Could Trigger a Supply ShockWhat This Means for Ethereum Investors
Machi opens new long positions on $PUMP and $HYPE, while holding high-leverage $ETH and $BTC trades with major floating losses.Heavy Leverage on Ethereum and BitcoinWhat This Means for the Market
- 06:17Data: In the past 30 days, the total cross-chain capital inflow to BNB Chain was approximately $1.1 billion, with deBridge accounting for 40% of the inflow.According to ChainCatcher, citing DefiLlama data, the total cross-chain capital inflow to BNB Chain over the past 30 days was approximately 1.1 billions USD. About 440 millions USD flowed in via deBridge, accounting for 40% of the total.
- 06:08Paxos destroys $300 trillion in stablecoins after minting error; CEO says transparency is a blockchain advantageAccording to Jinse Finance, citing Decrypt, Paxos CEO Charles Cascarilla stated at the Federal Reserve's cryptocurrency roundtable on Wednesday that the company accidentally minted $300 trillion worth of PayPal stablecoin (PYUSD) last week due to an "internal technical error," and destroyed all of it within 24 minutes. This amount exceeds twice the global GDP. Cascarilla attempted to reframe the incident as a demonstration of blockchain transparency, stating, "This actually showcases the transparency that blockchain can provide instantly."
- 05:59Kinetiq, a liquid staking platform based on Hyperliquid, launches governance token KNTQJinse Finance reported that on Wednesday, the Kinetiq Foundation officially launched the protocol's official governance token, KNTQ. As the largest liquid staking platform in the Hyperliquid public chain Layer 1 (HyperEVM) ecosystem, Kinetiq currently has a TVL exceeding $1.6 billion. The total supply of the token is capped at 1 billion. Eligible airdrop recipients must agree to the "Kinetiq Foundation Terms of Use" before 20:00 UTC on November 21 in order to receive the tokens. According to the token distribution plan, 30% of KNTQ will be used for protocol development and rewards; 25% will be allocated for the initial airdrop, of which 1% will go to Hypurr holders and 24% to kPoints holders—a points system launched in mid-July, where users accumulate points based on the amount and duration of HYPE staked, in preparation for the airdrop; 23.5% will be allocated to core contributors, 10% will be held by the Kinetiq Foundation, 7.5% will be allocated to investors, and the remaining 4% will be used for liquidity support.