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line

LINE is a well-known instant messaging platform that has entered the blockchain and cryptocurrency field in recent years through its subsidiary LINE Tech Plus. LINE launched its own blockchain platform, LINE Blockchain, and issued the token LINK (LN) for payment and reward mechanisms within the platform. LINE's blockchain project aims to combine blockchain technology with its extensive user base to promote the adoption and use of decentralized applications.
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Analysis: The cryptocurrency market has shifted from a gradual decline to accelerated liquidation, and a rebound under multiple negative factors may be difficult to sustain

According to Bloomberg, Bitcoin briefly fell to nearly $62,000 over the weekend, hitting a new low since July. Unlike previous sudden crashes, this round of selling mostly occurred during relatively quiet trading periods, with prices continuing to decline until the recent days when leveraged liquidations accelerated significantly. Many small-cap tokens have retraced years of gains, and the expansion of institutional participation and the popularity of spot ETFs have not been able to prevent this round of decline.Spot buying has weakened, while U.S. Treasury yields and the dollar have strengthened. From October 30 to November 13, nearly $3 billion flowed out of U.S. spot Bitcoin ETFs. Meanwhile, persistently high inflation has raised expectations for further tightening by the Federal Reserve, with the 10-year U.S. Treasury yield breaking above 5%, increasing the opportunity cost of holding non-interest-bearing assets like Bitcoin. The Binance hacking incident has reignited market concerns about the security of trading platforms, and the results of the U.S. midterm elections have added to policy uncertainty.The Anthropic IPO may divert funds, but the scale is still unclear. Joshua Lim, co-head of market operations at FalconX, pointed out that discussions about the reasons for the decline have focused on two aspects: nearly $20 billion in stablecoin balances that have flowed out over the past month, and the potential impact of the Anthropic IPO on liquidity. Bloomberg noted that the IPO received a large number of subscriptions, and some investors may sell other holdings, including crypto assets, to raise funds, but it is currently unclear how much money has directly shifted from the crypto market to this IPO.Bitcoin rebounded from below $65,000 in August to above $87,000 in late September after the U.S. Treasury announced an expansion of long-term Treasury buybacks, but it has now retraced most of those gains, with the market refocusing on the year-to-date low of about $58,000. Ayesha Kiani, Chief Operating Officer of Monarq Asset Management, believes that short-term trends mainly depend on whether institutional demand can stabilize and whether the macro environment can allow risk appetite to recover. Before that, any rebound may be difficult to sustain, and market volatility will remain high.

Viewpoint: The sharp decline in Bitcoin has not triggered panic selling among short-term holders, with $68,000 becoming the main support level

Crypto analyst Murphy stated that after the significant drop in Bitcoin yesterday, the high-positioned chips of short-term holders only slightly loosened. Data shows that in the range of $73,000 to $86,000, there are approximately 1.48 million Bitcoins, accounting for 68% of the total short-term holders, currently all in a state of unrealized loss. However, the net decrease of chips in this range yesterday was only 34,000 coins, accounting for about 2.3%, indicating that most short-term holders did not panic sell due to the drop.Specifically, the cost ranges of $75,000, $80,000, and $85,000 saw decreases of 7,282 coins, 8,481 coins, and 5,441 coins respectively, with selling pressure relatively dispersed. At the same time, the total number of short-term holders increased by 17,500 coins that day, meaning some long-term holders were also distributing chips during the decline. The chip absorption was mainly concentrated at $68,000, with approximately 42,200 new Bitcoins added in that price range alone.In terms of profitable chips, the range of $62,000 to $64,000 holds about 480,000 Bitcoins, making it the only large-scale profitable chip range among short-term holders currently, with only about 3,100 coins reduced yesterday, less than 1%. Murphy believes this range is the nearest chip support below; if Bitcoin falls into it, the profitable chips of short-term holders will essentially drop to zero, and market sentiment pressure may further increase. Conversely, if the upper trapped positions remain stable, there may still be opportunities for prices to regain support.

first_img FutureBit Apollo III miner makes its offline retail debut, available at four Micro Center locations

According to Bitcoin Magazine, Brooklyn-based consumer-grade Bitcoin miner manufacturer FutureBit announced that the Apollo III Full Node will go on sale this Friday at four Micro Center locations, marking the company's first entry into offline retail channels. The stores are located in Brooklyn, Miami, Tustin in California, and Austin in Texas, with the Austin store being the 31st Micro Center location in the United States. Consumers can also reserve online and pick up in-store; FutureBit has not disclosed the inventory and retail pricing for each store.According to FutureBit's official website, the Apollo III Full Node without a hard drive is priced at $1,099.99, while the versions with 1 TB and 2 TB SSDs are priced at $1,299.99 and $1,399.99, respectively. The Standard version for mining starts at $899.99. The machine's Turbo mode has a maximum hash rate of about 18 TH/s and a power consumption of about 325 watts; Eco mode has about 12 TH/s, 150 watts, and noise below 35 decibels; Super Eco mode has about 8 TH/s and 80 watts. The entire unit is a 6.5×6.5×6 inch cube, weighs 6.5 pounds, uses a 3-nanometer chip designed in the United States with 8 GB of memory, has a built-in independent mining pool, is assembled in the United States, and comes with a one-year limited warranty.FutureBit founder John Stefanopoulos stated that in the early days of the company, they would purchase parts weekly from the DIY electronics section of the Brooklyn Micro Center, and now consumers can walk into the same store to learn about Bitcoin mining and take home a miner on the spot. FutureBit has been developing consumer-grade miners since 2015. Bitcoin Magazine previously reported that on October 26, a user mined block 973262 using FutureBit's Apollo Solo solution, receiving a block reward of 3.154 Bitcoins.

first_img The New York Department of Financial Services issued advertising marketing guidelines for licensed cryptocurrency entities

According to The Block, the New York State Department of Financial Services has issued new guidelines for advertising and marketing requirements for licensed cryptocurrency entities in the state, which include avoiding misleading or deceptive content. Acting Superintendent Kaitlin Asrow stated in a press release that today's guidelines reinforce the commitment to protecting New York residents and ensure that advertising and marketing practices in the virtual currency space are clear, comprehensive, and accessible.The New York State Department of Financial Services announced on the same day that these guidelines apply to virtual currency entities licensed or chartered by the department, requiring them to establish and implement policies and procedures for advertising and marketing materials related to virtual currency products, services, and activities, with a focus on content accuracy, clear disclosures, and governance and review processes. Relevant entities must update their policies and procedures according to the guidelines by May 10, 2027, review them at least once a year, and maintain records for regulatory inspection. The Department of Financial Services will assess the implementation and effectiveness of these policies and procedures through examinations and ongoing supervision.Common practices listed in the guidelines include: reviewing marketing claims to ensure they fairly present products, services, or activities, are supported by evidence and verifiable, and do not contain exaggerated or false statements about performance or regulatory status; customer disclosures should be clear, prominent, easily understandable to the general audience, and clearly identify the entity providing the products, services, or activities; establishing governance review processes for advertising and marketing materials, designating responsible parties, conducting due diligence on third-party promoters, and promptly monitoring and addressing instances of fraudulent or improper use of their name or brand by others.

Nebius's 2027 capital expenditure guidance is as high as 45 billion USD, with a pre-market decline of over 9%

AI cloud computing company Nebius announced its third-quarter financial report, with revenue increasing by 571% year-on-year to $981 million, exceeding market expectations by about 8%; adjusted EBITDA reached $466 million, also higher than the expected $357 million. However, the company expects its full-year revenue for 2026 to fall at the lower end of the guidance range of $3 billion to $3.4 billion, below the market expectation of about $3.37 billion.What draws more market attention is that Nebius expects capital expenditures in 2027 to reach $40 billion to $45 billion, while providing a revenue outlook of $12 billion to $13 billion, approximately four times that of 2026. The company stated that customer prepayments and investment-grade contract asset-backed financing are expected to cover 75% to 85% of next year's capital expenditures, with the scale of prepayments expected to increase from about $10 billion this year to $17 billion to $20 billion.The company's CEO stated that since the third quarter, the total value of newly signed contracts has exceeded $12 billion, with Databricks, Datadog, Palantir, and Snowflake all signing multi-year agreements with the company for the first time. Despite significantly exceeding expectations, the full-year revenue guidance fell short of expectations, and the capital expenditure plan of up to $45 billion next year has raised market concerns about AI infrastructure expansion and financing pressures.
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