BlockBeats news, on November 18, Sentora (formerly IntoTheBlock) stated that Bitcoin holders typically accumulate during Bear Markets and distribute during bull runs, forming a "cup" cycle pattern. This round of decline has been slower, and long-term holders have not actively engaged in Buy the Dips, indicating a shift in cyclical behavior. The increase in institutional funds, structured products, and regulated investment vehicles is affecting the timing and manner of market demand emergence. Recent market caution has suppressed Spot buying pressure, and there has even been noticeable selling pressure in the past two weeks. In the long run, a Bitcoin Bear Market may still occur, but its characteristics may rely more on valuation, investment directives, and risk frameworks, rather than panic and euphoria. The participation of professional capital may create a more solid bottom for the market, but downside risks still exist. Future price movement will be less influenced by panic and euphoria, and more dependent on how professional capital decides to allocate the position.

BlockBeats news, on November 18, reported by Coindesk, that Mastercard has chosen Polygon to build a new type of crypto transfer system, enabling cryptocurrency transmission through human-readable usernames instead of complex wallet addresses. According to the press release issued by Mastercard, its "crypto credential" technology standardizes blockchain address verification by creating human-readable aliases for verified users. The crypto payment API company Mercuryo will be responsible for identification and alias distribution, allowing users to bind these aliases to their hosted wallets. This model mimics the operational logic of applications that transfer funds using usernames instead of bank account information, where the system assigns a unique name that can be bound to a wallet for users. Users can also apply to generate credential tokens on Polygon, which not only demonstrate that their wallets support verification transfer functions but also assist applications in completing based on.

Golden Finance reported that Wintermute stated that the recent dumping in the crypto market is mainly driven by macro factors, with no structural break. The global easing policy continues, the U.S. quantitative tightening will end, and liquidity is expected to improve. The overall environment is optimistic, and the future market recovery may rely on policy and interest rate expectations.

PANews, November 18 - According to analysis from the crypto market market maker Wintermute, last week's fall in the crypto market was primarily driven by the repricing of expectations for a Fed rate cut in December, rather than any issues with the market fundamentals. Bitcoin needs to re-enter the range to improve market sentiment. Analysis indicates that part of the pressure comes from the selling behavior of large holders. Typically, the sell-off from Q4 to Q1 is seasonal, but this year this trend has occurred earlier, partly due to market expectations that the four-year cycle may imply weaker performance in the coming year. This expectation has accelerated risk-off operations, amplifying market volatility. However, this decline does not have substantive fundamental issues and is mainly driven by macro factors in the United States. Although short-term interest rate adjustments affect market sentiment, there are no signs of deterioration in the global macro environment. The world is still in a loose cycle: Japan plans to launch a $110 billion stimulus package, and China continues to implement loose policies.

Gate News bot news, according to the exchange's latest announcement: Gate has decided to delist the trading markets for 22 tokens including MNEMO, FTON, KOAI, NET, BD20, SEAT, UMB, LAMBO, BCMC, PYN, SASHIMI, BDIN, AIVA, FAKEAI, GARD, AVAXAI, AIFUN, SENATE, KEY, ZELIX, IDEA, and TENET. These tokens have been determined to not meet the exchange's listing standards. For users who have submitted forms and meet the requirements, Gate has completed the buyback of the relevant tokens and deposited the buyback amount into the user accounts. The wallet storage function for these tokens will remain temporarily, and the specific delisting time will be notified separately.

According to Odaily, Wang Feng, the founder of Blueport Interactive, stated that he has started to buy the dip since Bitcoin fell below $100,000. Wang Feng emphasized that policy release does not equal market prosperity; the liquidity of the stablecoin market is the key to the future development of the crypto market. Wang Feng called on media and research institutions to pay more attention to the dynamics, data, and briefs of the stablecoin market. As of the time of writing, the market value of stablecoins exceeds 310 billion USD, with USDT ranking first at approximately 183.8 billion USD, accounting for nearly 60%; USDC ranks second with a market value of about 12.4 billion USD.

The latest review focus document released by the SEC has removed chapters related to Crypto Assets, aligning with Trump's support for the industry. During Trump's administration, Crypto Assets rapidly developed, with a clear trend towards deregulation. The SEC stated that the focus in the document does not encompass all areas of future attention.

BlockBeats news, on November 18, Wang Feng, the founder of Blueport Interactive, stated that since Bitcoin fell below $100,000, he has been quietly buying the dip, dip, dip... (implying that there is an endless amount of buying the dip). He also mentioned that if we disregard policies and the realization of external factors in the US stock market, and solely look at the internal situation of the crypto market, there is more focus today on stablecoins, which are expected to be prominently featured in 2025. Just because policies are relaxed doesn't mean the market is prosperous, and the scale of minting by various parties does not represent liquidity in practical scenarios. Issuance is one thing, application is another. We should observe more the application of stablecoins in the market and the performance of actual businesses. Whether there is strong liquidity demand in the stablecoin market is what truly determines the direction of the crypto market's next steps in terms of being bullish from an internal perspective. We look forward to more media and research institutions providing updates, data, and briefings on the dynamics of the stablecoin market.

BlockBeats news, on November 18, The Federal Reserve Board of Governors member Christopher Waller publicly expressed support for a further interest rate cut of 25 basis points at the December meeting, focusing on the ongoing weakness in the labor market and concerns over pressures on middle and lower-income consumers. Waller defined this as "risk management style" rate cuts, believing that in the absence of official data, it is better to provide insurance in advance to avoid a rapid deterioration in employment. Meanwhile, the hawkish voices within the Fed have not subsided, and the split in votes makes the next decision full of variables—whether to maintain interest rates or cut them again, there could be at least three dissenting votes. Policy expectations are no longer one-sided, and the market needs to hedge between the "possibility of rate cuts" and "increasing policy divergence." Under this policy fog, the crypto market has shown significant pressure. The panic indicator is currently at 12, trading volume surged 51% in the past 24 hours, and market shocks have sharply amplified; 24

Golden Finance reports that the Constitutional Court of Russia is about to rule on whether its citizens have property rights to stablecoins such as USDT issued by Tether. According to reports, experts have stated to the court that stablecoins linked to fiat currency do not fall under the category of digital financial assets (DFA), and the current regulations in Russia regarding "digital currency circulation" do not apply to USDT. Digital financial assets are a type of tokenized asset that has a special regulatory status in Russia. Alexey Guznov, the Deputy Governor of the Central Bank of Russia, stated in court: "From a conceptual perspective, what we are discussing here (stablecoin) is essentially a substitute for currency." This case is expected to establish a long-lasting legal precedent for future civil cases related to stablecoin ownership, with the final judgment to be announced before the end of this year. At the same time, Russian legislation

ChainCatcher news, Arthur Hayes recently stated that although the liquidity of the US dollar has contracted since April 9, the inflow of ETFs and the purchase of DAT have allowed Bitcoin to rise, but this situation has now ended. The tone is insufficient to encourage institutional investors to continually purchase ETFs, and most DAT trading prices are below mNAV, prompting investors to start avoiding these Bitcoin derivative securities. If these flows can't mask negative liquidity, Bitcoin will have to fall to reflect current short-term fears that dollar liquidity will contract or not grow as fast as politicians have promised.

Gate News Bot news, on November 18, according to CoinMarketCap data, as of the time of writing, CROSS (CROSS) is currently priced at $0.13, with a rise of 20.23% in the last 24 hours, reaching a high of $0.21 and a low of $0.09. The current market capitalization is approximately $42.2 million, an increase of $7.1 million compared to yesterday. CROSS is a decentralized protocol and infrastructure layer designed to empower open communities and achieve a transparent digital economy through token-based value coordination. Its mission is to cultivate a fair, accessible, and community-governed Web3 environment, where users are not just participants but also owners. The CROSS token ($CROSS) is the native token of the CROSS protocol, used to support transactions, reward participants, and sustain player-owned Web3 gaming ecosystems. CROSS recently

According to BlockBeats news on November 18, as reported by Decrypt, Vitalik made a strong appearance on the main stage of the Ethereum Devconnect conference in Argentina on Monday, sharply criticizing former FTX CEO SBF. Vitalik pointed out that FTX completely deviated from the ideals represented by Ethereum: he believes that Ethereum is decentralized, "cannot do evil," and is a community. In contrast, FTX relied on a centralized structure, requiring users to "trust that the platform would not do evil."

According to ChainCatcher news and reports from Jin10, with the support of the fading expectations for the Fed to cut interest rates next month, gold prices continued to fall for the third consecutive day. On Tuesday morning, spot gold traded around 4,040 USD/ounce. Traders and policymakers are awaiting a large amount of data to be released, and several Fed officials have warned that they will not lower borrowing costs again. The interest rate swap market currently shows that the probability of the Fed cutting rates in December is less than 40%.

Golden Finance reported that Fed Governor Waller stated that a 25 basis point rate cut would not restore employment growth to previous levels.

Golden Finance reports that TD Cowen analysts state that although the mNAV of Strategy recently fell below 1 (which means its stock trading price is lower than the market value of its Bitcoin holdings), and Bitcoin has fallen to a seven-month low, this has not changed its long-term outlook. The company believes that as its Bitcoin accumulation model scales up, there is still significant pump potential. Analysts Lance Vitanza and Jonnathan Navarrete maintained a target price of $585 for MSTR, which implies an approximate 170% rise from Strategy's current stock price of around $194. They noted that the current weakness reflects more of the market volatility rather than any change in the company's ability to accumulate additional Bitcoin.

According to Jinse Finance, the Wall Street Journal reports that the lawyer for Fed governor Cook provided a detailed defense of her mortgage application on Monday, arguing that the apparent discrepancies in the loan documents were either accurate at the time or "unintentional markings," and that given the other information disclosed to the lenders, these discrepancies could not constitute fraud. The Supreme Court has currently blocked Trump's attempt to remove her from office and will hear arguments in January. In a letter to the Attorney General, Cook's lawyer also accused the director of the Federal Housing Finance Agency (FHFA), DeMarco, of selectively targeting Trump's political opponents while ignoring similar accusations against Republican officials.

According to Foresight News and Zhitong Finance, Fed Vice Chairman Jefferson stated that the Fed's principle is not to encourage or discourage the use of crypto assets, which depends on the private sector.

According to Golden Finance, Crypto In America reports that Senate staff are racing against the clock to finalize the market structure legislation draft before Thanksgiving. Senate Agriculture Committee Chair John Boozman (Republican, Arkansas) stated he is committed to achieving this timeline and noted that the government shutdown has delayed his original plan to review the bill this week. House Banking Committee Chairman Tim Scott (Republican, South Carolina) originally planned to complete the review of the banking bill by the end of September, but he has not yet indicated when the draft portion under his committee's jurisdiction will be submitted for a vote. The text of the draft has not been made public since it became a bipartisan product after last month's bipartisan roundtable discussions on Capitol Hill, and it is still unclear whether it will be released before the Thanksgiving holiday. The draft leaves several key gaps, including how to regulate decentralized finance (DeFi), and the content in parentheses.

BlockBeats news, on November 17, Lily Liu, the chairwoman of the Solana Foundation, posted on social media calling for the "crypto world to return to the spirit of cypherpunk." Lily Liu stated: "We are in the era of 'AppChain' - companies with massive balance sheets and ready distribution channels can package a single sequencer with fancy marketing while promoting the rigid narrative that 'decentralization doesn't matter' and claiming that this centralized effort 'is helping Layer1 development,' even though everyone knows this is just illogical promotional rhetoric. Meanwhile, the application chain infrastructure that truly embodies the native spirit of encryption is being crushed by corporate giants. Even in the face of revenue difficulties, these projects start to self-hypnotize, believing that the only way out is to transform themselves into 'AppChain.' This is definitely not what I thought upon first reading.

BlockBeats news, on November 17, CoinMarketCap and Reserve jointly launched CMC20 on the BNB Chain, the first DeFi native tradable index Token that tracks the top 20 crypto assets by market capitalization, providing investors with a one-stop diversified portfolio. CMC20 is deployed on the BNB Chain by Lista DAO, supporting 24/7 minting and redemption, and can be used on decentralized exchanges such as PancakeSwap and mainstream Wallets. It not only brings a simplified investment experience to retail and institutional investors but also reflects the strength of the BNB Chain as an innovative financial infrastructure among high-activity public chains. The BNB Chain ecosystem is rapidly developing, and with CMC20, investors can transparently manage multiple assets on-chain.

According to Foresight News, Vitalik Buterin tweeted that effective altruists have faced the most criticism when stepping outside the "formalist altruism" framework to attempt "social change." He pointed out that there are some lessons to be learned from this, but he believes there may be several different answers to what these lessons specifically are, and this is not a simple issue.

On November 17, CZ responded on social media to the question of whether the $4.3 billion fine would be refunded, stating, "This is a delicate issue. I am already very grateful to have been exempted. Now it is about finding a balance between 'asking for more' and 'what is fair' as well as 'cherishing what has already been obtained.' If CEX can obtain any refunds, we will also reinvest this money back into the United States to express our gratitude. I think the platform has not formally made a request yet.

Gate News Bot news, on November 17, according to CoinMarketCap data, as of the time of publication, DYDX (dYdX) is currently priced at 0.29 USD, down 5.10% in the last 24 hours, with a high of 0.36 USD and a low of 0.27 USD. The current market capitalization is approximately 233 million USD, a decrease of about 12.55 million USD compared to yesterday. Currently, DYDX ranks 160th in global crypto assets market capitalization. Important news about DYDX recently: 1️⃣ **The community proposes to increase the token buyback ratio** The dYdX community voted to significantly increase the buyback ratio of DYDX tokens from 25% of protocol fees to 75%. This decision aims to increase the demand for DYDX tokens and is expected to provide support for the token price in the medium to long term. However, in the short term, the market does not seem to have reacted positively to this good news.

According to BlockBeats news on November 17, monitoring by Lookonchain revealed that Arthur Hayes sold 1480 ETH (4.7 million USD) in the past 2 days — but he is not good at trading ETH. His last sale of ETH was on August 1, when the price just fell to the bottom, and only 9 days later, he bought back ETH at a higher price.

Raoul Pal of Real Vision stated that the Fed may be forced to take measures to avoid a liquidity crisis. He pointed out that the crypto market is under pressure, and the US stock market relies on buybacks for support. Fiscal policy and monetary policy should be coordinated to provide support for the general public, but liquidity management has become a political game. Ultimately, he believes that asset inflation is merely postponed and will not disappear.

BlockBeats news, on November 17, next year the Fed will welcome the annual rotation of four regional Fed presidents. Out of the 12 regional Fed presidents, five have voting rights each year—four of which rotate annually, while the New York Fed has permanent voting rights. In 2026, the presidents of the Cleveland, Dallas, Philadelphia, and Minneapolis Feds will become voting members, while the presidents of the Kansas City, Chicago, Boston, and St. Louis Feds will rotate out. Currently, all four regional Fed presidents with voting rights lean towards a hawkish stance. Boston Fed President Collins stated this week that although she supported the interest rate cut at the last meeting, the threshold for further rate cuts is "relatively high," and maintaining the interest rate at the current level for "some time" may be appropriate. St. Louis Fed President Musalem expressed support for the interest rate cut at the last meeting last week, but emphasized that subsequent actions "need to be cautious, as it should not lead to an excessively loose monetary policy.

CICC predicts that the gold bull run is not over. Historical data shows that its rise and duration are still lower than in the 1970s and 2000s. Considering macro uncertainty and the potential decline of the dollar, gold prices are expected to break through $5,000 per ounce next year. Investors are advised to maintain an overweight position in gold and adopt strategies of increasing allocation on dips and Auto-Invest.

Gate News Bot news, on November 17, according to CoinMarketCap data, as of the time of writing, ASTER (Aster) is currently priced at $1.24, having risen 11.05% in the last 24 hours, reaching a high of $1.28 and a low of $1.01. The 24-hour volume has reached $1.008 billion. The current market capitalization is approximately $2.507 billion, an increase of $250 million compared to yesterday. Important news about ASTER recently: 1️⃣ **Aster clarifies that the token economic model remains unchanged** Aster officially stated that the ASTER token economic model has not changed. To enhance transparency, tokens that have been unlocked but not used will be transferred to an independent public unlocking address in the future. This measure aims to accurately reflect the actual circulating supply of the tokens while addressing the community's concerns regarding the monthly unlocking volume.

Gate News bot 消息，链上分析师 @zachxbt 报告了一项重大市场事件，一名 Cardano 持有者执行了一笔价值 690 万美元的 1440 万 ADA ( 的大规模交换，换取 847,000 USDA。由于市场流动性不足，该交易导致损失 605 万美元。 不

BlockBeats news, on November 17, Fed officials once again released strong hawkish signals. Logan stated: it's hard to support a rate cut in December, and it is not appropriate to provide more preventive assurance to the labor market through rate cuts. Schmidt: further rate cuts could have a lasting impact on inflation, and my concerns about inflation go far beyond tariff issues. Fed Board of Governors member Milan supports a rate cut: the data supports a rate cut, and the Fed should be more dovish.

U.S. Republican Congresswoman Marjorie Taylor Greene has a tense relationship with Trump, recently accusing each other over personal threats. Greene is one of the few lawmakers supporting the release of Epstein case documents. Trump had promised to provide relevant information, but the first batch of documents did not reveal any significant content.

Federal prosecutors stated that the trial of Tornado Cash developer Roman Storm is legitimate, and the judge should not consider his plea of not guilty. The Department of Justice rebutted Storm's motion for release, claiming there is sufficient evidence to prove he created and controlled a sanctioned Crypto Assets mixing service.

According to a report by Jinse Finance, economist Peter Schiff stated that MSTR's business model relies on revenue-oriented funds purchasing its "high-yield" preferred shares. However, these announced yield rates will never materialize. Once fund managers realize this, they will sell these preferred shares, and MSTR will no longer be able to issue any preferred shares, leading to a vicious cycle.

Golden Finance reports that Ryan Serhant, a well-known real estate investor in the United States, stated that their "greatest investment of all time" was not real estate, but rather buying large amounts of Bitcoin when the price was $3,000 and $16,000 respectively.

ChainCatcher news, according to CNBC, as winter approaches, some Americans are beginning to use the heat generated from crypto mining for home heating. Analysis by digital asset broker K33 shows that the Bitcoin mining industry generates about 100 TWh of heat annually, enough to meet the heating needs of the entire country of Finland, but most of the heat is wasted. Devices priced at $900 have appeared on the market that can serve as space heaters and also perform Bitcoin mining. In Challis, Idaho, Softwarm is testing Bitcoin mining equipment to heat local shops. However, Derek Mohr, a professor at the University of Rochester, expressed doubts about this, believing that the success rate of home computer mining is very low and that this heating method is not very efficient. Supporters argue that as plug-and-play mining devices become more widespread, this concept may gain traction in more areas.

Golden Finance reports that Simon Gerovich, CEO of the Bitcoin treasury company Metaplanet, stated on the X platform that some say the ETF is a disadvantage for Metaplanet, but that is not the case. The ETF needs to be supported by capital inflows; otherwise, the number of BTC held will never increase. Moreover, the number of BTC held by Bitcoin treasury companies like Metaplanet will never increase. Therefore, the ETF is a "static exposure", with different roles for both. The ETF does not undermine the advantages of Bitcoin treasury companies.

According to ChainCatcher news and Jin10 reports, the minutes of the Fed's October policy meeting will be released at midnight next Thursday Beijing time, increasing investors' uncertainty about the path of U.S. interest rates. Last month, the Fed lowered the benchmark interest rate to a range of 3.75% - 4%, but Powell's statement that "further rate cuts by the end of the year are not a foregone conclusion" has reshaped market expectations. Boston Fed President Collins has questioned the possibility of a rate cut next month, emphasizing that "the threshold for implementing additional easing in the near term is relatively high." Data shortages will become a major obstacle to the Fed's decision-making.

According to BlockBeats news, on November 16, crypto KOL Cobie tweeted that he has held ZEC since 2016 and has not participated in paid promotions. He stated, "New holders may not understand the 'brutal education' experience of old holders over the past ten years with ZEC. So when ZEC finally sees a pump, they think we received money. Most of us in this group were scammed by purchasing so-called 'mining contracts' before ZEC went live."

BlockBeats news, on November 16, the encryption sentiment analysis platform Santiment pointed out that the discussion volume of Bitcoin on social platforms has surged. Although this is not a definitive signal of a bottom in the crypto market, the probability of a market reversal is significantly increasing. When the price of Bitcoin fell below $95,000 this Friday, the discussion heat reached a new 4-month high, indicating that the extreme panic and FUD emotions among retail investors are fully erupting.

Odaily News Bitcoin pioneer and Blockstream co-founder Adam Back stated in a post on the X platform that the Bitcoin treasury company Strategy has been buying Bitcoin. The previous wallet switch was merely to transfer Bitcoin to another custodian and did not involve selling. The leverage ratio of Strategy is actually very low, currently holding Bitcoin worth 64 billion dollars, with liabilities of only 8 billion dollars, resulting in a leverage ratio of about 13%. Moreover, its debt is all long-term debt, which does not need to be repaid in the short term.

Golden Finance reported that BitMine Chairman Thomas (Tom) Lee stated that the recent signs of weakness in the crypto market indicate that one or more market makers may have significant gaps in their balance sheets, and the market is attempting to trigger their Liquidation. He believes this is a short-term Fluctuation and will not change the long-term Supercycle trend of Ethereum, and he reminds investors not to use leverage at this time to avoid the risk of Get Liquidated.

Tom Lee of BitMine, an Ethereum treasury company, pointed out that the fall in the crypto assets market has exposed several hidden risks, such as issues with the balance sheets of market makers, but he expects these pains to be short-term. He emphasized that it is not suitable to use leverage at this time and mentioned that resolving the balance sheet issues may take 6-8 weeks.

Odaily News The father of smart contracts, Nic Carter, stated in a post on the X platform that the 2025 cryptocurrency market situation is "worse" and is not alarmist. Although the market experienced a fall in 2022, there are still potential "catalysts," indicating that the issues of price decline can eventually be resolved. But now cryptocurrency has become the forgotten child, with artificial intelligence and Mag7 as the main characters. Retail investors are starting to follow data centers, quantum computing, and rare earth stocks. The market fall is due to market weakness, a lack of attention and buyers, and the aftermath of DAT's long-term slump, which means concepts like "four-year cycles" and "alternative investment seasons" are outdated. Now, to make a profit, one must genuinely create value, presenting a severe challenge for the market.

Odaily News Eric Balchunas, a senior ETF analyst at Bloomberg, stated that Bitcoin's rise of 122% last year, far exceeding traditional risk assets, did not trigger market skepticism; the slowdown in growth this year is a normal regression to the previous excessive gains. He noted that, based on a two-year average performance, Bitcoin still recorded a return of about 50%.

The Chief Strategy Officer of MegaETH, namik, stated that the value of MegaETH depends on the success and decentralization characteristics of Ethereum, expressing concerns that policy support for centralized L1 could affect its logic. He believes that Ethereum should maintain decentralization, while MegaETH needs to innovate in scenarios where Ethereum L1 is lacking, to validate the rationality of architectural trade-offs.

PANews, November 15th news, according to Jin10, former Fed Governor Kuggler faced an ethical conduct investigation before resigning, and Fed officials did not confirm former Fed Governor Kuggler's financial disclosure situation.

Odaily News According to on-chain analyst Ai Yi's monitoring, Address 0x1fc...FAEd5 borrowed 9.41 million USD to buy the dip 5 hours ago, ultimately spending 5.528 million USD at an average price of $3141 to buy 1760 ETH, with the remaining open orders not filled; currently, he holds over 60 million USDT0 and 68.68 million USD in $ETH.

The decentralized card game fantasy.top has responded to rumors of an impending shutdown, stating that the platform will not close and will continue to provide game updates and team support. Currently, the core rewards treasury holds 640 ETH and has completed a $4.25 million seed round financing.

Odaily News Perptual Futures Aster stated on the X platform that the recent update of the ASTER Token economic model has caused confusion in the community, and hereby clarifies that the ASTER Token economic model remains unchanged. Aster added that the relevant updates aim to accurately reflect the circulating supply of the Token and address the issue regarding the monthly unlocking allocation for the community and ecosystem distribution. The monthly unlocked Token allocation has not been used and has not been counted in the circulating supply of the ASTER Token. In the future, the unlocked Tokens will be transferred to a separate public unlocking Address, but currently there is no expenditure demand or plan for this Address.