ChainCatcher message, according to Coindesk, Deribit data shows that the call options for XRP with a target price of $5 are surging in terms of trading volume and open interest. The $5 call option is the second most traded XRP option in the past 24 hours, with a contract trading volume of 1.7 million. (One contract represents 1 XRP).In addition, Deribit data shows that the $5 call option is the most popular out-of-the-money or higher strike call option, with a nominal open interest of $1.25 million.

ChainCatcher message, Kaiko pointed out in its market analysis that the recent rise in cryptocurrency has led to an increased demand for off-chain and on-chain liquidity of stablecoins. Since late October, the cost of borrowing USDT and USDC from Binance has more than doubled. While these rates typically fluctuate based on market conditions and supply-demand dynamics, this increase indicates a growing demand for leveraged positions in both spot and futures markets. Meanwhile, the market capitalization of stablecoins has also reached an all-time high.Additionally, the stablecoin lending rates on Aave V3 have also risen in November. In recent months, the cumulative trading volume delta (CVD) of USDT-USD has shown a significant increase in net buying since November, indicating that traders are shifting from fiat currency to stablecoins. The dominance of USDT relative to other dollar-backed stablecoins surged from 69% at the beginning of November to a 13-month high of 86% on November 26, before retreating to 80% last week.In the past month, the trading volume of euro-backed stablecoins has surged tenfold, rising from $5 million per day in October to over $70 million at the annual peak in early November, before slightly retreating last week.

ChainCatcher news, top trader Eugene Ng Ah Sio posted on social media, "In an ideal world, I would like to see: a slow rise for the rest of October, Trump taking office in the White House, and then Bitcoin soaring to $100,000."

ChainCatcher news, according to Jinshi reports, based on market quotes, the offshore RMB against the US dollar has risen above 7.09, with an intraday increase of 700 points, nearly 1%.

ChainCatcher news, according to the official announcement, Binance will launch 1-50x U-based MBL perpetual contracts at 23:00 Beijing time on November 14, 2023. MBL has surged over 6% in a short time, currently priced at 0.006424 USDT.

ChainCatcher news, The Paper announced in its app that due to "the uncertainty and risks associated with digital collectibles as an emerging field, as well as high operational costs," it will suspend the sale of digital collectibles and withdraw previously issued digital collectibles.In addition, the digital collectibles channel of The Paper in the Haibei Mall will also cease operations starting from September 17, 2023.