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BNB $730.63 +0.37%
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TRX $0.3312 -0.01%
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ZEC $1,147.83 -1.91%
AAPL $343.34 -0.45%
AMZN $263.49 +3.97%
GOOGL $344.66 +0.18%
MSFT $534.65 +0.01%
META $705.84 -1.86%
NVDA $216.81 -0.55%
TSLA $366.52 +2.47%
SNDK $1,351.45 +0.98%
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CryptoQuant: The supply and demand pattern of BTC is changing, but a strong recovery still faces challenges

CryptoQuant's latest analysis indicates that while Bitcoin has support, the recovery process is uneven. First, regarding exchange reserves, it has risen from about 2.67 million BTC at the beginning of October to about 2.68 million BTC, still far below January levels. Low reserves do not mean that supply is continuously shrinking; transfers may reflect custody changes, and the increase itself does not prove selling pressure. Secondly, the recovery of spot demand has been hindered, with 30-day spot demand once approaching zero before turning negative again. Perpetual contract demand is positive, supporting overall demand.Finally, the behavior of whales is diverging. Addresses holding 100 to 1,000 BTC have still net accumulated over the past 60 days, but this is below the peak at the end of September; the group holding 1,000 to 10,000 BTC has seen a net decrease approaching zero; and the group holding over 10,000 BTC is negative. Accumulation is not fully underway. CryptoQuant believes that conditions still exist to support Bitcoin's bottoming out. For a solid recovery to occur, sustained spot demand support is needed, buyers must be able to absorb the BTC flowing back to exchanges, and accumulation behavior should spread to more holding groups. Market expectations regarding the U.S. midterm elections and monetary policy must translate into actual buying behavior. The key is whether price increases can attract a growing and lasting group of buyers.

first_img The Zcash development team plans to allocate independent keys for each ZEC exchange to prevent quantum cracking

The Zakura team, which operates the Zcash network, released a technical article stating that they plan to allocate a unique viewing key for each ZEC exchange completed through NEAR Intents, in order to block future quantum computers from exploiting public refund addresses to piece together user payment histories. NEAR Intents supports cross-chain token exchanges, and when users exchange the privacy coin ZEC for USDC, the service will publish a Zcash address for the user on the NEAR public blockchain, which will be used to return any unused ZEC.The Zcash address contains a public key generated by the wallet's viewing key, which cannot be reverse-engineered by ordinary computers, but large quantum computers running Shor's algorithm could theoretically deduce the key from the address. Zcash wallets can generate multiple seemingly unrelated addresses, but they typically share the same viewing key. Once an attacker cracks it, they can associate all payments received by the account and read the amounts and notes. Zakura's solution allocates a unique viewing key for each exchange, while the spending key remains in the user's main account. Even if the future refund address is compromised, the attacker would only be able to see payments related to that specific exchange.This design also addresses a practical issue: wallets conducting hundreds of exchanges would generate hundreds of keys, requiring each key to scan the entire Zcash chain during backup recovery. Zakura's solution is a privately queryable database that uses private information retrieval technology, so when the wallet inquires about the refund destination, the database will not know the address being queried. Zakura claims that wallets built on its open-source library (including Vizor) will be able to add this feature in the coming weeks, and hardware wallets will follow after firmware support, ahead of the January quantum-resistant payment target set by Zcash developers this month.

Shanghai Solana Enterprise Management Co., Ltd. has been registered, and the co-head of Solana China, Du Yanjing, is the legal representative

According to the information displayed on the Qichacha page, Shanghai Solana Enterprise Management Co., Ltd. was registered in June this year, with a registered capital of 5 million yuan. Claire Du is the legal representative and co-head of Solana China.Additionally, in August this year, Shanghai Yaokun Qiusuo Digital Technology Co., Ltd. was established with a registered capital of 10 million yuan, and Shanghai Solana Enterprise Management Co., Ltd. holds 45% of the shares in Yaokun Qiusuo Digital Technology Co., Ltd. Even Jiang, the co-head of the Solana Foundation in China, serves as the chairman of Yaokun Qiusuo, while Claire Du serves as a director.Public information shows that Yaokun Qiusuo primarily engages in technical services, technical development, technical consulting, technical exchanges, technology transfer, and technology promotion; computer system services; information system integration services; information technology consulting services; data processing services; internet data services; Internet of Things technology services; wholesale of computer software and hardware and auxiliary equipment; information consulting services (excluding licensed information consulting services); business management consulting; financial consulting; and conference and exhibition services (exhibitions abroad must be approved by relevant departments).It should be noted that "Solana" is a name chosen by a sole proprietorship, and there is currently no equity evidence proving that these two companies belong to the Solana Foundation.This week, members of the Solana team shared photos announcing the establishment of an office in Shanghai, China.

Justin Sun's latest personal asset allocation: BTC base position unchanged, ETH reduced by 80-90% and reinvested in US stocks

Recently, TRON founder Justin Sun shared his views on personal assets outside of TRON during a 3.5-hour offline discussion with Jin Ming. The core configuration points are as follows:BTC: As a base asset, there has been no reduction in holdings over the past year. Although concerned about the impact of quantum computing and AI algorithms, believing the market has not fully priced in the related risks, he still insists on holding and has adopted a cold wallet sheltering mode for isolation.ETH: Reduced holdings by about 80%-90% in the $3600-$4000 range last year, currently retaining only about 20% of the base asset for observation, and has not repurchased. Most of the funds from the reduction have been transferred to U.S. stocks.NVIDIA: Main position in U.S. stocks, positioned as a base asset in the AI field, heavily invested and not reduced.NASDAQ 100: Heavily held. Slightly bearish in the medium term (due to capital clustering, high interest rates, etc.), but no short positions taken, and the position is retained.A-shares: No holdings. Overall bearish on traditional assets, more inclined towards AI applications and Web3 directions.In the interview, Justin Sun emphasized that ETH is an aggressive asset, BTC is a base asset, and he is optimistic about applications in AI health management, while being bearish on certain hardware sectors. The above is a summary of the interview points, not a complete balance sheet.
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