AICoin Focus: Daily Hotspots Selection (November 04)

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1. Bitcoin volatility surged to a three-month high ahead of the U.S. elections, with the market expecting fierce competition in key swing states for the presidential race.

2. The Federal Reserve's interest rate decision is about to be announced, with the market widely expecting a 25 basis point cut, leading to increased risk aversion in the cryptocurrency market.

3. BlackRock's Ethereum ETF holdings have surpassed 450,000 ETH, indicating sustained institutional interest in Ethereum.

BlackRock officially updated its Ethereum exchange-traded fund data, revealing that as of this Friday, November 1, ETHA holdings have exceeded 450,000 ETH, reaching 466,274.9828 ETH, with a market value of approximately $1,168,909,417.08. -Original

4. Approximately $6.3 million worth of ADA will be unlocked next week, which may impact market supply.

Next week, three cryptocurrency projects will unlock tokens, releasing a total value of approximately $13.87 million. On November 5, EIGEN will unlock about 1.28 million (approximately $3.03 million), accounting for 0.108% of the total supply; on November 6, ADA will unlock about 18.52 million (approximately $6.3 million), accounting for 0.041% of the total supply; on November 6, ENA will unlock about 12.86 million (approximately $4.53 million), accounting for 0.086% of the total supply. -Original

5. A Chainalysis report states that cryptocurrency adoption in Eastern Europe is rising, driven by institutions and DeFi, with significant participation from Ukraine and Russia.

According to the Chainalysis report, despite facing war and regulatory issues, cryptocurrency adoption rates across Eastern Europe have been steadily increasing, driven by institutional and DeFi activities. As the world's fourth-largest cryptocurrency market, Eastern Europe had an on-chain value of $499.14 billion from July 2023 to June 2024, accounting for 11% of the global cryptocurrency total. Chainalysis further noted that CEX is the region receiving the most cryptocurrency, "close to $324 billion, with DeFi activity significantly growing over the past year, with a cryptocurrency value of $165.46 billion, accounting for one-third of the region's inflows." The report also mentioned that in this year's global cryptocurrency adoption index, regional participants Ukraine and Russia ranked "6th and 7th respectively, with Russia rising 6 places from last year's ranking." -Original

6. Coinbase's Chief Legal Officer accuses the U.S. FDIC of taking secret actions to suppress the crypto industry and limit banking services for crypto companies.

Coinbase's Chief Legal Officer Paul Grewal accused the Federal Deposit Insurance Corporation (FDIC) of taking secret actions to suppress the crypto industry. Grewal claimed that documents obtained through the Freedom of Information Act revealed a series of so-called "pause letters." It is alleged that in these letters, the FDIC instructed banks to delay or stop providing services to crypto companies. He described these letters as "a shameful example of U.S. government agencies attempting to cut off financial access for law-abiding American companies" and pointed out that the FDIC is unfairly targeting legitimate crypto companies, limiting their access to banking services. Documents shared by Coinbase show that FDIC officials urged banks to avoid launching or expanding crypto-related services due to concerns over "safety and soundness" and potential consumer risks. In every case, the FDIC requested banks to wait until further review was completed—Coinbase believes this process sets unfair barriers for crypto companies. -Original

7. The cryptocurrency market is notably volatile ahead of the elections, with Bitcoin falling below a key price point, and the market reacting strongly to uncertainty.

8. The cryptocurrency casino Metawin was hacked for $4 million, exploiting vulnerabilities in Ethereum and Solana hot wallets, and measures have been taken to recover.

The cryptocurrency casino Metawin was hacked for approximately $4 million in tokens, as hackers exploited its withdrawal system to attack the protocol hot wallets on Ethereum and Solana. According to Metawin's CEO, the company has regained access, replenished the stolen funds, and contacted law enforcement. -Original

9. A whale borrowed 10 million DAI from Maker to purchase ETH, and the holding strategy has drawn market attention.

A whale recently borrowed 10 million DAI from Maker and purchased 3,998.5 ETH, now holding over 65,000 ETH (approximately $161.25 million), with an average cost of about $1,743. This whale previously spent $104 million to purchase ETH and WBTC in 2022 but later converted all WBTC into ETH. -Original

10. The U.S. elections have a significant impact on the crypto market, with traders expecting price volatility to reach 10% post-election.

11. In the coming days, multiple tokens will be unlocked, with a total value of approximately $13.87 million, and investors should pay attention to potential market volatility.

The above is a selection of hot topics from the past 24 hours. For faster news, please download AICoin (aicoin.com).

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