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In the past 24 hours, the total network contract has liquidated $309 million, with both long and short positions blown up
Coinglass data shows that in the past 24 hours, the total liquidation of contracts across the entire cryptocurrency market was $309 million USD. Of this, long positions accounted for $131 million USD and short positions accounted for $177 million USD. The total amount of BTC liquidated was $62.721 million USD, while ETH liquidations totaled $42.2594 million USD.
Coinglass data shows that in the past 24 hours, the total liquidation of contracts across the entire cryptocurrency market was $309 million USD. Of this, long positions accounted for $131 million USD and short positions accounted for $177 million USD. The total amount of BTC liquidated was $62.721 million USD, while ETH liquidations totaled $42.2594 million USD.
U.S. congressmen write to Gary Gensler and the president of FINRA, asking for clarification on whether ETH is a "crypto asset security"
On November 17, Fox Business reporter Eleanor Terrett reported that some members of the Financial Services Committee led by U.S. Congressman John Rose wrote to Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), and Robert Cook, CEO of the Financial Industry Regulatory Authority (FINRA). They expressed concern about their continued silence on the Ethereum custody service launched by PrometheumInc in May this year. The relevant regulatory authorities consider these services as so-called "crypto asset securities".
The letter pointed out that these institutions' silence indicates that since the SEC has already recognized ETH is not a security, and "crypto asset securities" does not apply to tokens themselves but rather to how they are sold, it has created market confusion and uncertainty. In his letter, John Rose stated: "Participants in digital assets should have certainty from regulators; however under Gary Gensler's leadership we only got confusion and bewilderment. I hope Chairman Gary Gensler will seriously listen to our concerns while cleaning up his office and provide some real guidance before leaving."
On November 17, Fox Business reporter Eleanor Terrett reported that some members of the Financial Services Committee led by U.S. Congressman John Rose wrote to Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), and Robert Cook, CEO of the Financial Industry Regulatory Authority (FINRA). They expressed concern about their continued silence on the Ethereum custody service launched by PrometheumInc in May this year. The relevant regulatory authorities consider these services as so-called "crypto asset securities".
The letter pointed out that these institutions' silence indicates that since the SEC has already recognized ETH is not a security, and "crypto asset securities" does not apply to tokens themselves but rather to how they are sold, it has created market confusion and uncertainty. In his letter, John Rose stated: "Participants in digital assets should have certainty from regulators; however under Gary Gensler's leadership we only got confusion and bewilderment. I hope Chairman Gary Gensler will seriously listen to our concerns while cleaning up his office and provide some real guidance before leaving."
Data: SUI Ecosystem TVL Breaks Through 1.5 Billion USD
According to official data, the SUI TVL was 1.4 billion US dollars four hours ago, and has now exceeded 1.5 billion US dollars.
According to official data, the SUI TVL was 1.4 billion US dollars four hours ago, and has now exceeded 1.5 billion US dollars.
The Strategic Bitcoin Reserve Act has been published on the website of Pennsylvania
On November 17, Satoshi Action Fund co-founder Dennis Porter stated on platform X that the Pennsylvania "Strategic Bitcoin Reserve" bill has been officially published on Pennsylvania's website (HB2664).
Previously, Pennsylvania legislators Mike Cabell and Aaron Kaufer proposed a Bitcoin strategic reserve bill and have submitted it to the Pennsylvania House of Representatives. This bill will allow the Treasurer of Pennsylvania to invest in Bitcoin and digital assets as well as crypto ETFs.
On November 17, Satoshi Action Fund co-founder Dennis Porter stated on platform X that the Pennsylvania "Strategic Bitcoin Reserve" bill has been officially published on Pennsylvania's website (HB2664).
Previously, Pennsylvania legislators Mike Cabell and Aaron Kaufer proposed a Bitcoin strategic reserve bill and have submitted it to the Pennsylvania House of Representatives. This bill will allow the Treasurer of Pennsylvania to invest in Bitcoin and digital assets as well as crypto ETFs.
Encryption Researcher: Wintermute may have started reducing meme positions
On November 17, crypto researcher Chen Jian Jason posted and shared the holding data of Wintermute on Arkham. The data shows that Wintermute seems to have started gradually reducing its Meme position, while the proportion of BTC, ETH, SOL holdings is rising. The proportion of Meme-related holdings is declining.
On November 17, crypto researcher Chen Jian Jason posted and shared the holding data of Wintermute on Arkham. The data shows that Wintermute seems to have started gradually reducing its Meme position, while the proportion of BTC, ETH, SOL holdings is rising. The proportion of Meme-related holdings is declining.
Base: The achievement of 1 billion transactions in a single day has been accomplished
On November 17, Base's official account on platform X posted: "We have achieved the milestone of one billion transactions in a single day, but we continue to move forward with the entrepreneurial mindset of Day One."
On November 17, Base's official account on platform X posted: "We have achieved the milestone of one billion transactions in a single day, but we continue to move forward with the entrepreneurial mindset of Day One."
Sun Yuchen withdrew approximately 440 million US dollars in tokens from JustLendDAO 15 minutes ago, and transferred 4.5 million USDT into CEX
According to Onchain Lens monitoring, Sun Yuchen withdrew 1.9 billion TRX (approximately 383 million USD), 4.47 million USDT, 50 million USDD, and 5 million USDJ from JustLendDAO about 15 minutes ago. In addition, Sun Yuchen transferred 4.5 million USDT into CEX.
According to Onchain Lens monitoring, Sun Yuchen withdrew 1.9 billion TRX (approximately 383 million USD), 4.47 million USDT, 50 million USDD, and 5 million USDJ from JustLendDAO about 15 minutes ago. In addition, Sun Yuchen transferred 4.5 million USDT into CEX.
Beosin: Currently, the stolen DEXX funds are still in the hacker's address and have not yet been transferred out
On November 16, Beosin Alert disclosed on the X platform that it has currently collected about 2800 victim addresses of DEXX, with more than 9000 theft transactions. An analysis was conducted on some of the stolen addresses' funds and it was found that the stolen funds are still stored in the hacker's address and have not been transferred out yet. It is very likely to be done by the same hacker who presumably made transfers based on victims' token balances and arranged them in descending order according to value.
On November 16, Beosin Alert disclosed on the X platform that it has currently collected about 2800 victim addresses of DEXX, with more than 9000 theft transactions. An analysis was conducted on some of the stolen addresses' funds and it was found that the stolen funds are still stored in the hacker's address and have not been transferred out yet. It is very likely to be done by the same hacker who presumably made transfers based on victims' token balances and arranged them in descending order according to value.
The Ethereum Foundation announces the launch of the EF Internship Program for 2025, with applications due by December 9th
According to official news, the Ethereum Foundation has announced the launch of its first formal summer internship program, including research internships and software engineering internships. The aim is to cultivate the next generation of Ethereum developers and researchers. Relevant personnel will directly contribute to core projects in key areas such as protocol security, account abstraction, expansion research, client development etc. It is reported that selected interns will be assigned a short-term project and a mentor and should work independently to some extent. Applications are currently open with a deadline of December 9th, 2024. After preliminary screening there will be formal interviews; the selection notification process is expected to be completed by January 10th, 2025.
According to official news, the Ethereum Foundation has announced the launch of its first formal summer internship program, including research internships and software engineering internships. The aim is to cultivate the next generation of Ethereum developers and researchers. Relevant personnel will directly contribute to core projects in key areas such as protocol security, account abstraction, expansion research, client development etc. It is reported that selected interns will be assigned a short-term project and a mentor and should work independently to some extent. Applications are currently open with a deadline of December 9th, 2024. After preliminary screening there will be formal interviews; the selection notification process is expected to be completed by January 10th, 2025.
Bitcoin performed better than the S&P 500 index, Nasdaq index, and Dow Jones index this week
On November 16, Bitcoin performed better this week than the S&P 500 Index, Nasdaq Index, and Dow Jones Index。
On November 16, Bitcoin performed better this week than the S&P 500 Index, Nasdaq Index, and Dow Jones Index。
