ChainCatcher news, according to Jinshi reports, George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, believes that the recent surge in Bitcoin may have given investors a false sense of security.Milling-Stanley stated, "Simply put, Bitcoin is an investment seeking returns, which indicates that investors are flocking to Bitcoin for capital gains, rather than because they see value or utility in Bitcoin." The launch of options based on Bitcoin spot ETFs last week may be related to this, as options allow investors to bet on Bitcoin's price fluctuations with less cash, rather than purchasing Bitcoin itself.

ChainCatcher news, Greeks.live macro researcher Adam published an analysis pointing out that 98,000 BTC options are expiring, with a Put Call Ratio of 0.84, the maximum pain point at $80,000, and a nominal value of $9.48 billion; 412,000 ETH options are expiring, with a Put Call Ratio of 0.75, the maximum pain point at $2,900, and a nominal value of $1.47 billion.Bitcoin's attempt to break through $100,000 is hindered, while ETH leads the market this week, with a rebound in altcoin rotation. The potential risks from the end of BTC's rally may be absorbed by ETH, and the bullish strength in the spot bull market remains robust.This week, over 20% of positions are expiring, and next month will see the year-end options, at which point 40% of positions will expire. A large amount of position shifting and the Christmas market will put pressure on implied volatility. The market atmosphere is currently very optimistic, with institutions concerned about replicating the end-of-year rally from 2020, making the options market appear more cautious.

ChainCatcher news, influenced by the hot trading sentiment of Hyperliquid (HYPE), Binance has suspended USDC withdrawals on the Arbitrum chain.It is reported that the genesis event of the decentralized derivatives trading platform Hyperliquid's native token HYPE will go live on November 29 at 15:30 Beijing time. Qualified participants in the genesis event will receive 310 million tokens, which will be fully unlocked. Currently, there are no announcements regarding listings on CEX, and trading is only available on DEX.

ChainCatcher news, the Web3 asset data platform RootData tweeted that recently, we have witnessed some interesting market performances.First, Binance founder Changpeng Zhao expressed that he does not like meme coins; subsequently, meme coins in the BNB ecosystem (such as $WHY and $CHEEMS) saw a sharp decline in price after the announcement. However, when Zhao announced a focus on building BNBChain, THENA, which had previously launched on the BNB chain, experienced a significant price increase.Looking at the table data, a clear contrast can be seen; the decline of meme coins may indicate some sort of "cleansing" or shift in market sentiment within the BNB chain ecosystem, or a move away from the more speculative and volatile meme coin space.On the other hand, the positive responses from THENA, Wombat Exchange, PancakeSwap, and APX Finance to the news of building BNB chain reflect the market's strong expectations and confidence in the development of BNB chain.

ChainCatcher message, Ethereum protocol developer and Prysm maintainer Terence posted on the X platform that the Ethereum core developers meeting (AllCoreDevs) has reached a preliminary consensus to increase the blob target/max from 3/6 to 6/9, with specific implementation requiring further testing and results from the development network.

ChainCatcher message, encrypted KOL Gordon disclosed a clip of U.S. Senator Cynthia Lummis's interview on Fox Business on the X platform, where she stated that President Trump is assembling an "army" to fight for Bitcoin.

ChainCatcher news, MetaMask co-founder Dan Finlay announced half an hour ago that he issued a token named CONSENT on Base and Solana through clanker and pump.fun respectively, stating that only one token will prevail, aiming to compare the Meme experience on the two chains.Dan Finlay mentioned that on clanker, users might encounter scams, while on pump.fun, the developers are founding members of the project, which adds a certain level of credibility to the project.He also pointed out that although the amount deposited on clanker is far greater than that on pump.fun, the money earned on pump.fun is several times more than the money lost on clanker.

ChainCatcher news, according to SoSoValue data, the overall cryptocurrency market has declined, but the AI Meme sector has risen against the trend, with a 24H increase of 15.66%. Within the sector, ai16z (AI16Z) rose by 57.51%, Eliza (ELIZA) rose by 53.34%, Luna by Virtuals (LUNA) rose by 41.87%, Virtuals Protocol (VIRTUAL) rose by 30.13%, and Goatseus Maximus (GOAT) rose by 16.69%.In addition, SocialFi rose by 1.89%, with Toncoin (TON) increasing by 1.90% and Mask Network (MASK) increasing by 3.38%. The previously strong-performing Layer2 and LSDFi sectors saw a 24H decline of 3.56% and 0.78%, respectively.

ChainCatcher news, Iowa Senator Joni Ernst recently wrote to the leaders of the U.S. Department of Efficiency, Elon Musk and Vivek Ramaswamy, proposing ideas for budget cuts. Ernst's suggestions include addressing unused office space and uncommitted COVID-19 relief spending, with proposed cuts totaling over $2 trillion. (Daily Signal)

ChainCatcher message, Sui ecosystem lending protocol Suilend announced that SEND will be launched on December 12, and the allocation checker is now online.Early users of Suilend before the launch of Points in May 2024 will receive 2% of SEND, with Suilend points accounting for 18% of SEND; Rootlets will receive 3.333% of SEND, distributed in three airdrops of 1.111% each.

ChainCatcher news, according to QCP's latest report, Bitcoin's price has fallen below $93,000, leading to over $430 million in long positions being liquidated. This drop occurred after the spot Bitcoin ETF ended five consecutive days of net inflows, recording $438 million in outflows on Monday, while MicroStrategy's stock price fell by 4.4%.Previously, MicroStrategy made a record purchase of $5.4 billion worth of Bitcoin last week. With the U.S. holiday approaching and a lack of catalysts to drive prices up in the short term, Bitcoin's momentum towards $100,000 has temporarily stalled.Ethereum's implied volatility is significantly skewed towards put options, reflecting a market sentiment similar to that of Bitcoin. Currently, market sentiment is cautious, with investors focusing on tonight's Federal Reserve meeting minutes and Wednesday's core Personal Consumption Expenditures (PCE) data.

ChainCatcher news, according to Cointelegraph, the Bitcoin financial services company Swan Bitcoin filed a lawsuit against its current legal advisor, Gibson, Dunn & Crutcher LLP, for legal malpractice in the California Superior Court on November 22. The lawsuit stems from the law firm's hiring of attorney Barry Berke, who represents the competitor Tether.Swan Bitcoin previously hired Gibson as legal counsel in September to sue a group of former employees for allegedly stealing software code to establish the cryptocurrency mining company Proton Management. Swan claims that Proton persuaded Tether to sever its relationship with Swan and instead support Proton.On November 24, Gibson filed a motion to withdraw from representing Swan in the case against Proton, stating that "the attorney-client relationship has completely broken down." In response, Swan filed for a temporary restraining order in the California Superior Court on November 25, seeking to prevent Gibson from withdrawing from the case and prohibiting it from accepting Tether as a client. The court has scheduled a hearing on the temporary restraining order for November 26.

ChainCatcher message indicates that, according to SoSoValue data, the overall encrypted market sector has slightly retraced, but the ETH and LSDFi sectors have risen against the trend, with increases of 2.8% and 5.57% within 24 hours. Notably, within the sector, Lido DAO (LDO) has risen by 13.76%, and Rocket Pool (RPL) has risen by 10.90%.In addition, the SocialFi sector has increased by 1.97%, the Layer2 sector has increased by 1.86%, the DeFi sector has increased by 1.54%, and the DePIN sector has increased by 1.20%.

ChainCatcher news, according to Arkham monitoring, Trump currently holds approximately $7.09 million in crypto assets, with a 24-hour value increase of $1.77 million. The tokens with holdings valued over $1 million are Ethereum ($1.7 million), TROG ($1.69 million), WETH ($1.65 million), and TRUMP ($1.04 million).

ChainCatcher message, Nansen posted on platform X that the meme coin CHILLGUY continues to show a good upward trend, with a price increase of 24.52% in the past 24 hours and smart money net inflow reaching +108.45k.

ChainCatcher message, former Goldman Sachs executive and founder of macro research firm Real Vision Raoul Pal posted on social media, "New Treasury Secretary Scott Bessent supports using a weak dollar and low oil prices to drive growth in the U.S. and global economy. That's all you need to know. It will boost financial conditions. Scott is good for your bag. I've known him for over a decade, and he understands this."

ChainCatcher message, Meme Godfather Murad posted on the X platform, stating that investing in Meme coins is essentially investing in the community. The key is to find a community with the following characteristics:People who work hard every day;More than 6 months old;Has withstood multiple significant drops;Number of holders increasing every month;Target amount exceeding $20 billion;Large distribution + diamond hands

ChainCatcher news, cryptocurrency analyst Willy Woo posted on the X platform that there seems to be a large influx of funds into the Bitcoin network now.

ChainCatcher news, NEO founder Da Hongfei disclosed that the U.S. House of Representatives passed the Bitcoin bill (176-26), which officially recognizes Bitcoin as a "store of value" asset for the first time, positioning it similarly to digital gold, while classifying Ethereum as a utility token. Da Hongfei stated that this bill will mean in practice:Banks can now officially hold Bitcoin as a reserve asset;Local and federal governments have clear guidelines on BTC reserves;Institutions finally gain the regulatory clarity they need;The global market may follow this framework.