ETH has recently shown strong performance and is expected to retest historical highs, with the next key resistance level for the ETH/BTC ratio at 0.04.
Author: Deep Tide TechFlow
Market Dynamics Yesterday
Sui ecosystem decentralized trading platform Bluefin launches airdrop eligibility query portal, plans to airdrop 17% of BLUE tokens
According to official news, the Sui ecosystem decentralized trading platform Bluefin announced the launch of an airdrop eligibility query portal, planning to allocate 17% of the total supply of BLUE tokens to existing and new users.
The airdrop targets include existing Bluefin users, long-term community members, and users from the Solana and EVM ecosystems. The project team has partnered with several ecological partners, including AlphaFi, SuilendProtocol, Cetusprotocol, and other Sui ecosystem projects, as well as NFT communities like Pudgy Penguins, Mad Lads, and Azuki.
Lending protocol Echelon announces launch of Echelon Chain on Initia
According to official news, the lending protocol Echelon has launched the Move language application chain Echelon Chain on Initia based on its Interwoven Stack technology architecture, aiming to provide an efficient lending DeFi market through a modular economy.
Currently, Echelon has achieved a TVL of $106 million and a total lending asset volume of $132 million.
Interwoven Stack is Initia's signature technology stack, emphasizing modular design and interoperability. Echelon Chain, through Interwoven Stack, will gain block expansion linkage from LayerZero and IBC, underlying protocol support from Celestia, native stablecoin support, integrated oracles, and comprehensive user tools.
Binance Labs announces investment in multi-asset liquidity protocol Astherus
Binance Labs announced an investment in the multi-asset liquidity center Astherus, which is dedicated to providing practical yield maximization solutions for crypto assets. Astherus's flagship product, AstherusEarn, combines institutional-grade security with high-yield strategies across multiple blockchains and protocols.
Astherus plans to launch a dedicated DeFi Layer-1 blockchain, AstherusLayer, supporting multi-asset staking and using BNB as gas fees. Following a new round of financing, Astherus will accelerate product development, launch innovative yield products, and further optimize user experience.
It is reported that Astherus adopts a modular DeFi infrastructure solution, allowing users to unlock asset utility through applications such as derivatives trading and stablecoin yield farming at its dApp layer. The DeFi infrastructure layer aggregates liquidity, supporting stablecoin protocols and derivatives clearinghouses among broader applications.
Bitcoin staking platform Solv Protocol announces launch of token $SOLV, TGE coming soon
According to official news, Bitcoin staking platform Solv Protocol announced the launch of token $SOLV, with TGE coming soon, aiming to further unlock the potential of the Bitcoin ecosystem.
Previously, Solv Protocol completed a $11 million financing round, with a valuation of $200 million, and investors include Nomura Securities subsidiary Laser Digital, Blockchain Capital, and OKX Ventures.
QCP Capital: ETH has recently shown strong performance and is expected to retest historical highs, with the next key resistance level for the ETH/BTC ratio at 0.04
QCP Capital's latest analysis points out that after the PCE price index met expectations, BTC returned to the $95,000 mark. ETH performed strongly, rising 11.65% yesterday, reaching a high of $3,688. The current ETH/BTC ratio is 0.03760, up 17.8% from last week, with the next key resistance level at 0.0400.
Meanwhile, BTC's market cap share has retreated from a high of 61.50%. ETH spot ETFs continue to record strong net inflows, with $90.1 million flowing in yesterday, maintaining positive growth for four consecutive days. Considering that ETH's gains in this bull market have lagged behind BTC and SOL, its recent strong performance supports the expectation of retesting the historical high of $4,868, which still has a 35.4% upside potential from the current price.
Binance announces BNSOL Super Staking will launch its first project Pyth Network (PYTH)
According to the official announcement, Binance announced that BNSOL Super Staking will launch its first project - Pyth Network (PYTH).
Hyperliquid airdrop will go live on November 29 at 15:30
The genesis event for the native token HYPE of the decentralized derivatives trading platform Hyperliquid will go live on November 29 at 15:30 Beijing time.
HYPE has a maximum supply of 1 billion tokens, distributed as follows: 38.888% for future emissions and community rewards; 31.0% allocated for the genesis distribution; 23.8% allocated to current and future core contributors; 6.0% for the super foundation budget; 0.3% for community grants; and 0.012% allocated to HIP-2. Tokens will be issued over time, with 76.2% allocated to the community.
Qualified participants in the genesis event will receive 310 million tokens, which will be fully unlocked.
Undistributed tokens will be transferred to future emissions and community rewards. 60 million HYPE will be allocated to the Hyper foundation budget, 300 HYPE will be allocated to grants, and 120,000 HYPE will be allocated to Hyperliquidity (HIP-2). 388,880,000 unminted HYPE will be reserved for future emissions and community rewards.
Scroll co-founder: Acknowledges poor airdrop design and will make amends through Session 2
In response to accusations from Movement co-founder Rushi Manche, Scroll co-founder Sandy published several responses today, key points include:
- Acknowledges that the airdrop design was poor and harmed some users in the community, and will make amends through Session 2;
- The team wallet did not claim the airdrop, and to avoid confusion in the future, points from related wallets will be removed;
- Never pressured team members to purchase tokens at the last round's valuation;
- The team is restructuring to adapt to the next phase of development, with some team members leaving, and believes they will shine in new positions.
Previously, Rushi Manche accused the Scroll team of various issues, leading to damage to the reputation of the EVM L2 ecosystem.
Market Dynamics
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Ultimate goal of the bull market: Cultivating satisfaction, learning to take profits and exit
In the long run, achieving true satisfaction is more important than making short-term profits. In the crypto market, we must restrain our inner greed and learn to enter and exit at the right time. We need to break free from emotion-driven decision-making and replace impulsive behavior with rational thinking. We must recognize that we can never fully satisfy our inner desires and learn to know when to stop.
Although asset prices still have significant upside potential, investors should remain rational and control risks.
It is advisable to appropriately take profits, control investment scale, and avoid being swept away by the euphoria of the bull market.
For novice investors, it is recommended to primarily invest in Bitcoin, Ethereum, and Solana, with investments in other small coins not exceeding 10% of total assets.
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