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The committee believes that caution should be maintained, and that outlook assessments should be continuously updated as data changes. There remains a high level of concern regarding the uncertainty of the outlook, regardless of its direction.
The approval of the Solana ETF is not an end point, but the starting gun for a new era.
In Brief Berachain network halted to protect user assets after a Balancer V2 breach. Developers launched a hard fork to recover funds and eliminate vulnerabilities. BERA and BAL coins saw decrease in value post-security incident.
Institutional demand for Bitcoin has fallen below the rate of new coin mining for the first time in seven months, suggesting that major buyers may be pulling back.
- 11:45Opinion: Bitcoin Lacks Buying Support Below $104,800Jinse Finance reported that on November 4, analyst @ali_charts analyzed the Bitcoin UTXO realized price distribution chart from glassnode and found that below $104,800, there are relatively few UTXOs (Unspent Transaction Outputs) supporting the price of Bitcoin.
- 11:45Opinion: Ethereum is entering its final adjustment phase and may still dip to the $3,400 rangeOn November 4, well-known crypto analyst @IamCryptoWolf posted on X, stating that Ethereum is entering the final stage of the correction that began in August, and all of this is part of a larger pattern that started around $1,500. If Ethereum cannot return to $3,900 soon, he expects to buy Ethereum at $3,400.
- 11:37US-listed financial treasury company Sequans confirms the sale of 970 bitcoins to reduce debtOn November 4, according to Investing, the US-listed semiconductor company Sequans Communications (NYSE:SQNS) redeemed 50% of its convertible bonds by selling 970 bitcoins. This transaction reduced the company's total debt from $189 million to $94.5 million. Sequans currently holds 2,264 bitcoins, down from the previous 3,234. Based on current market prices, the company's net bitcoin asset value is approximately $240 million, and the debt-to-net asset value ratio has dropped from 55% to 39%. Company CEO Georges Karam stated: "Our bitcoin asset allocation strategy and firm belief in bitcoin remain unchanged. This transaction is a tactical decision based on current market conditions, aimed at unlocking shareholder value." This debt reduction is expected to enhance the company's previously announced ADS buyback program. Sequans focuses on wireless 4G/5G cellular technology in the IoT sector and earlier this year announced the adoption of bitcoin as its primary asset allocation asset.