Polls show that Trump is leading Harris in most swing states.
Author: Deep Tide TechFlow
Yesterday's Market Dynamics
The U.S. presidential election officially begins, with over 270 electoral votes needed to enter the White House
Just after midnight Eastern Time on November 5, voters in the small New Hampshire town of Dixville Notch were the first to cast their ballots, marking the official start of the 60th U.S. presidential election voting.
Out of a total of 538 electoral votes, winning more than half, or 270, is required to enter the White House. The New York Times reports that Trump's "best path to the presidency" is to win Pennsylvania, Georgia, and North Carolina. Harris's best path is to win Pennsylvania, Michigan, and Wisconsin.
Polls show that Trump is leading Harris in most swing states
According to the U.S. polling aggregation site RealClearPolitics, as of November 5 local time, Trump is leading Harris by 2.8 percentage points in Arizona, 1.3 percentage points in Georgia, 1.2 percentage points in North Carolina, 0.6 percentage points in Nevada, and 0.4 percentage points in Pennsylvania.
Harris only has an advantage over Trump in two states—leading by 0.5 percentage points in Michigan and 0.4 percentage points in Wisconsin.
Asset management company VanEck announces the launch of PYTH ETN
According to official news, asset management company VanEck has announced the launch of a new PYTH ETN product, allowing investors to trade its assets directly through VanEck.
The product will be listed on the Euronext Amsterdam and Euronext Paris exchanges, enabling investors to participate in the performance of the Pyth Network's token PYTH without the need to directly purchase or store cryptocurrency.
PYTH ETN will be open for trading in 15 European countries, including Austria, Switzerland, Germany, Denmark, Spain, Finland, France, Italy, Liechtenstein, Luxembourg, the Netherlands, Norway, Poland, Portugal, and Sweden.
Privacy infrastructure Nym Technologies launches $1 million NYM token buyback
Swiss privacy startup Nym Technologies, backed by a16z, announced it will buy back $1 million worth of NYM tokens. The company plans to launch its decentralized VPN service, NymVPN, in mid-December 2024.
Data shows that the current circulating supply of NYM tokens is approximately 803 million (out of a total of 1 billion), with a current trading price of about $0.06. In the past 24 hours, the price of NYM has risen over 7%. NYM tokens are primarily used to incentivize node operators, staking, governance, and participation in the network's mixed consensus mechanism.
Nym Technologies CEO Harry Halpin stated that this buyback will serve as a pilot for a "perpetual buyback." As NymVPN develops, the scale of the buyback will further expand. Payments made by users using NymVPN will be converted into NYM tokens to decouple payment from usage, thereby protecting user privacy. The buyback funds will also be used for marketing and technology stack expansion.
Hamster Kombat loses 260 million players in 3 months, user count plummets by 86%
Telegram's "tap-to-earn" game Hamster Kombat, which claimed to have 300 million users in August, now has monthly active users reduced to about 41 million, losing over 260 million players. The game's token HMSTR has plummeted 76% from its peak of $0.009993 on September 26, currently priced at only $0.002392.
Earlier this year, Telegram's CEO called it "the fastest-growing digital service in the world," but the rough AI graphics and dull gameplay failed to retain players. The game frequently delayed airdrops and implemented strict anti-cheat systems, resulting in 2.3 million users being banned and 6.8 billion HMSTR tokens being confiscated. Additionally, Hamster Kombat has faced criticism from the governments of Iran and Russia for its negative social impact.
ZKsync's first governance proposal initiates voting, plans to distribute 325 million ZK tokens over 9 months
ZK Nation announced that ZKsync's first governance proposal TPP-001 (ZKsync Ignite Program) has entered the voting phase, with a standard voting period of 7 days. Data shows that the current support rate for the proposal is as high as 98.9%, with Tevaera contributing 24% of the votes in favor.
According to the proposal, the plan will distribute a total of 325 million ZK tokens over 9 months, with 300 million allocated to users, aimed at establishing a DeFi liquidity center for ZK Sync's resilient chain.
GnosisDAO: Facing a major decision, maintain L1 independence or transition to Ethereum L2
The decentralized autonomous organization behind Gnosis Chain, GnosisDAO, released an important statement indicating that Gnosis Chain is facing a critical decision: whether to continue as an independent Layer 1 blockchain or transition to a Layer 2 solution on Ethereum. This choice seeks to balance sovereignty and ecosystem integration, significantly impacting its network of over 300,000 validators.
GnosisDAO pointed out that maintaining the Layer 1 path will ensure Gnosis's complete autonomy in governance and protocol development, preserving its role as a trusted neutral blockchain space and allowing for independent development without relying on Ethereum's roadmap. Transitioning to Layer 2, however, presents an opportunity to create a truly decentralized L2 solution, addressing the core weakness of centralized sequencers in current L2s while leveraging Ethereum's security.
Nvidia's market value surpasses $3.43 trillion, regaining its position as the world's most valuable company
Chip giant Nvidia's stock price rose by 2.84%, bringing its market value to $3.43 trillion, surpassing Apple's $3.38 trillion and Microsoft's $3.06 trillion, reclaiming its title as the world's most valuable publicly traded company.
Data shows that Nvidia's stock price has increased by 9.5% over the past month and has risen by 190% year-to-date, with a current trading price of $139.91. Apple's and Microsoft's stock prices have yet to recover from the decline at the end of October, primarily affected by disappointing earnings reports and guidance.
"Dingyifeng" issues "DDO digital options" suspected of fundraising fraud, main suspects detained
On the evening of November 5, the Futian Branch of the Shenzhen Public Security Bureau announced that "Dingyifeng" and its affiliated companies are suspected of issuing false financial products and "DDO digital options" (deemed "air coins") to engage in illegal activities.
The public security authorities have taken criminal coercive measures against the company's actual controllers, Sui Mouyi and Ma Mouqiu, among other key suspects, on suspicion of fundraising fraud and other crimes. The case is currently under further investigation.
The announcement emphasized that the police urge investors to actively cooperate with the investigation and provide truthful accounts of the case. They also remind investors to express their demands legally and reasonably, not to believe or spread rumors, and to effectively protect their legal rights.
GSR analyst: The election will not overly impact Bitcoin, several unissued projects are waiting for election results
GSR research analyst Toe Bautista stated that the entire cryptocurrency market is also in a wait-and-see mode. The good news is that he believes Bitcoin is "unbreakable" regardless of who wins.
Bautista pointed out that from the perspective of altcoins, many crypto companies are waiting to observe the situation of other token issuances and the election results. He stated, "When project teams are unsure whether the tokens they plan to deploy will be sued by the SEC within two months, not many are willing to issue tokens right now. If Trump wins and fulfills his promise to remove SEC Chairman Gary Gensler, it could reduce regulatory risks and increase the expected value of crypto projects."
Regarding Bitcoin's price, Bautista believes the likelihood of reaching a historical high in the fourth quarter is low, but he does not rule out the possibility of breaking $80,000. He expects that if macro conditions remain favorable, Bitcoin may further rise in the first and second quarters of 2025.
Market Dynamics
Recommended Reading
Meme Craze, VC's New Battleground, Opportunity or Trap?
AI Introduction: This article explores the origins, evolution, and position of meme coins in the crypto market, analyzing their market performance, characteristics, and future development trends. The article points out that the meme coin market has high liquidity and speculation, and while there are high risks, it also offers significant potential returns.
Final Struggle, Analyzing the Impact of the U.S. Election on the Crypto Market
AI Introduction: An analysis article on the impact of the U.S. election on the crypto market points out that whether Trump or Harris is elected, it will have a profound impact on the crypto market. Trump's policies tend to favor tax cuts and deregulation, which may benefit the crypto market, while Harris's policies focus on strengthening regulation and increasing taxes, which may bring short-term pressure but could be beneficial for market stability in the long run.
AI Introduction: This article analyzes the rise of meme coins and their impact on the cryptocurrency market. Through Binance Research's report, it explores the macroeconomic background, value proposition, and its influence on investor behavior. The article points out that meme coins are popular among young investors, reflecting dissatisfaction with the traditional financial system. Despite the risks in the meme coin market, its unique narrative and fair distribution have attracted a large number of retail investors.
Cryptocurrency Marketing Needs Better Storytelling
AI Introduction: This article discusses the importance of marketing strategies in the cryptocurrency industry, emphasizing the impact of storytelling ability on brand building, and shares how Eclipse has enhanced brand influence by creating the mascot "turbo."
The Invisible Web of AI Agents: When the Internet is No Longer Designed for Humans
AI Introduction: This article explores the shift of the internet from human-centered design to being dominated by autonomous agents. The author points out that the traditional combination of form, function, and content is being disrupted, and the internet is evolving towards optimization for agents, which may render human users as secondary roles.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
