ChainCatcher news, according to Trader T's monitoring, the U.S. stock market's crypto sector is experiencing a widespread decline before the market opens today.Among them:MICROSTRATEGY: -3.5%ISHARES BITCOIN TRUST: -2%COINBASE GLOBAL: -4.1%RIOT PLATFORMS: -2.2%CLEANSPARK: -4%MARA HOLDINGS: -4%.

ChainCatcher news, Lin Chen, the Head of APAC Business at Deribit, posted on X that the largest Bitcoin (BTC) block options trade today was: a user paid $11.649 million to purchase call options with a strike price of $82,000 expiring at the end of November (this Friday), totaling 700 BTC. This trade is a spot bullish position, using 6.7 times leverage, and will be profitable if the price exceeds $99,000 at delivery.

ChainCatcher news, Reuters' international news and opinions indicate that Trump's tariff posts caused a momentary chaos in the market. During Biden's presidency, the market has become accustomed to reacting to scheduled events such as the Federal Reserve FOMC statements and non-farm payroll reports, but the tariff events have reminded the market of unsettling memories.Now, investors must be prepared for Trump to release market-impacting news at any time, just like during his first term. However, based on Trump's first term, his posts on social media do not always align with reality. There is still some time before Trump is sworn in again in January, which means that sentiment towards tariffs on Mexico, Canada, and other targets may change.

ChainCatcher news, analysts from Malayan Bank stated that the market's immediate reaction to Trump's tariff announcement appears to be negative. The market may be wary that Trump is gradually introducing tariffs, but the implementation may differ from what was proposed. Under the influence of anxiety, the dollar and the dollar against Asian currencies may find short-term support, but if this is all that Trump currently has to say, or if he encounters any obstacles, the strength of the dollar may ease. Trump's Treasury Secretary nominee, Basant, is considered a relatively moderate person, and December may be a seasonally weak month for the dollar. (Jin Shi)

ChainCatcher news, Matrixport released today's chart stating that South Korea, as one of the most active retail cryptocurrency markets globally, ranked only sixth and seventh in trading volume for Ethereum and Bitcoin in the past 24 hours, while coins like Sand, XRP, XLM, and Doge significantly led in trading volume.This phenomenon reflects a shift in retail investors' trading preferences. As Bitcoin approaches the $100,000 mark driven by institutional funds, retail investors tend to opt for assets with greater upside potential, seeking higher return elasticity (Beta returns).More notably, according to some indicators, the cryptocurrency trading volume of South Korean retail investors has surpassed that of the local stock market. This marks a generational shift: traditional stock investors (often passive index fund holders) are being replaced by a new generation of cryptocurrency retail investors. This trend may continue to spread globally.

ChainCatcher message, top trader Eugene stated on his social platform, "I think this is the most challenging altcoin season I've ever experienced. The capital flow makes no sense to me, and the level of volatility is hard to predict.At this time, I would usually ask for a proper altcoin rotation on most of the popular tokens in the community, but now I'm not so sure. Currently observing and waiting while preserving capital." Yesterday, he stated, "I have taken profits on long positions. I advise to remain cautious."

ChainCatcher news, according to official sources, the Meme distribution platform Etherfun under Ethervista has expanded to the Base network.It is reported that this expansion involves a strategic partnership between Etherfun and the Base ecosystem Degen, where all fees generated on Base will be bridged to Ethereum for the VISTA purchase and burn mechanism.

ChainCatcher news, according to The Block, Wintermute analysts indicate that funds are shifting from BTC to ETH, with the derivatives market suggesting that investors expect Ethereum to rise further.Over the weekend, the open interest in Ether surged, while implied volatility also increased, and the demand for call options has noticeably risen, indicating that the confidence of derivatives traders is continuously strengthening.Analysts state that the shift from Bitcoin to Ether is characterized by a sharp rise in Ether's implied volatility, with the put-call skew reaching its highest level in 12 months, indicating a strong preference among investors for upside risk.According to Wintermute analysts, traders are actively pushing the market higher through upward buying. Wintermute analysts noted in their weekly cryptocurrency market update: "In the past few trading days, funds have flowed into Ethereum, as the open interest on trading platforms surged to an all-time high over the weekend."

ChainCatcher news, Mechanism Capital partner Andrew Kang stated on social media, "The recent development of artificial intelligence has made data one of the most valuable commodities in the world.Grass has created a data pipeline through a crypto incentive mechanism that most AI companies cannot access. At the current growth rate, they seem poised to achieve nine-figure high-level revenue next year, potentially even surpassing a billion dollars.We have researched many projects that combine crypto and AI, but unfortunately, most of them lack investment value. Grass is one of the top legitimate projects that has emerged in this cycle, with strong fundamental support."

ChainCatcher message, Binance will enforce the Self-Trade Prevention (STP) feature for all Binance contract users starting from December 10, 2024, at 14:00 (UTC+8). With this update, STP will cover spot, margin, and contract trading on the Binance platform.

ChainCatcher news, Lin Chen, Head of Asia Pacific Business at Deribit, posted on X that the BTC November options expiration will take place this Friday (November 29) at 4 PM, with $9.163 billion in open interest expiring. The current put/call ratio is 0.81, with the maximum pain point at $77,000, meaning that an expiration price close to this level will maximize profits for sellers.

ChainCatcher news, a recent institutional survey shows that the dollar will stabilize in early 2025, but will face risks such as accelerating U.S. inflation and a surge in fiscal deficits over the next year. As we approach the new year, 89 respondents have differing views on the risks that could pose the greatest harm to the dollar.Concerns about the deficit accounted for the largest share at 38%, while another 32% of respondents believe that if Trump implements the tariff measures promised during his campaign after taking office in January, the weak economic growth in the U.S. and globally will put pressure on the dollar next year. Although these policies may strengthen the dollar in the short term, the long-term damage to the economy will ultimately suppress the dollar's appeal.Nevertheless, about 70% of respondents still believe that the dollar index will rise in the next month. Two key themes support confidence in the dollar before the end of the year: first, U.S. Treasury yields will be supported by the Federal Reserve's patience regarding interest rate cuts, which will encourage investors to flow into U.S. assets; second, a series of uncertainties surrounding Trump's future economic policies may lead to safe-haven buying of the dollar.

ChainCatcher message, around 22:30 on November 23, the WBTC/USDT trading pair on Binance experienced a flash crash, with the price briefly dropping to $5209 before quickly returning to normal levels. The 15-minute trading volume surged from less than 1 WBTC daily to 88.6 WBTC.

ChainCatcher news, The ETF Store President Nate Geraci stated: "I believe the likelihood of a Solana ETF being approved by the end of next year is very high. The SEC is likely currently in discussions with issuers about this product, which is clearly a positive signal."Given that industry leaders like Bitwise have already submitted applications, Two Prime Digital Assets CEO Alexander Blume also agrees with this view. "If they didn't have a good feeling about being successful, they wouldn't waste time and money doing this," Blume said, adding that the success and precedent set by spot Bitcoin and spot Ethereum ETFs, along with a more crypto-friendly regulatory environment, will lead to the launch of a SOL ETF within the year.