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Airdrop evaluation is both an "art and a science": it requires understanding human incentives and crypto narratives (art), as well as analyzing data and tokenomics (science).
After Howard Lutnick became the Secretary of Commerce in the Trump administration, his family's investment bank, Cantor, is heading for its most profitable year ever.
This is the third time this year that Alibaba has concentrated its efforts on major initiatives.
The reversal from the historical highs in October is mainly attributed to fading optimism over US pro-crypto policies, a shift in the macro market toward risk aversion, and the quiet withdrawal of institutional buyers such as ETF investors.
On-chain, social media, gaming, and the metaverse will all be tokenized.
By introducing the concept of preconfirmation, Taiko and many Based Rollup Layer2 projects are building a transaction confirmation system that enables users to confirm transactions more quickly and reliably.
Despite the ongoing efforts of new chains such as Sui, Aptos, and Sei, they have not posed a substantial threat to Solana. Even though some user traffic has been diverted to application-specific chains, Solana still firmly holds its leading position among general-purpose chains.
It appears to be an infrastructure upgrade, but in essence, it's an early insider-friendly issuance.
It seems to be an infrastructure upgrade, essentially an early insider-friendly distribution.
- 05:46Zcash privacy network sees significant increase in mainnet activity, with daily average transactions surging over 1300% compared to pre-price rally levelsBlockBeats News, November 17, the privacy network Zcash (ZEC) has recently seen a significant increase in the number of transactions on its mainnet, with network activity picking up. In the past 24 hours, there have been 44,505 transactions, representing a surge of over 1300% compared to the average daily transaction count of around 3,000 before the ZEC token price started to rise in early October. On November 13, the number of Zcash mainnet transactions reached a recent peak of 73,862. The average daily transaction count in October was about 10,000. In addition, in the past 24 hours, the Zcash mainnet transaction volume reached 1,679,199 ZEC, equivalent to approximately 1.17 billions USD. According to market data from a certain exchange, ZEC is currently quoted at 716 USD, with a 24-hour increase of 1.62%. When well-known Silicon Valley angel investor Naval stated on October 1 that "ZCash is insurance against bitcoin," ZEC was about 75 USD.
- 05:46The correlation between Bitcoin and US tech stocks has reached its highest level since 2022.BlockBeats News, November 17, according to The Kobeissi Letter, the 30-day correlation between bitcoin and the Nasdaq 100 Index has reached approximately 0.80, the highest level since 2022. This is also the second highest reading in nearly 10 years. According to reports, the correlation between the two has remained positive over the past five years, with a brief fluctuation in 2023. As a result, the five-year correlation between bitcoin and the Nasdaq Index has reached 0.54. In contrast, the correlation between bitcoin and cash or gold is essentially zero. Bitcoin's performance is increasingly resembling that of a leveraged tech stock.
- 05:45Peter Thiel fully liquidated his Nvidia holdings in Q3BlockBeats News, November 17, billionaire Peter Thiel has liquidated all his holdings in AI giant Nvidia, according to documents disclosed over the weekend. Currently, as technology valuations are being pushed higher by the AI boom, concerns about a bubble are mounting. The documents show that Peter Thiel sold approximately 537,742 shares of Nvidia between July and September. According to the 13F form submitted by his fund Thiel Macro, as of September 30, he no longer held any Nvidia shares. Based on Nvidia's average stock price from July to September, foreign media estimate that the sale amounted to nearly 100 million US dollars. The specific reason for Thiel's sale of Nvidia shares is not yet clear. He has long been regarded as the "angel" of Silicon Valley, a "godfather of venture capital," and a thought leader in the investment world. Peter Thiel also significantly reduced his holdings in Tesla (TSLA.O) from 272,613 shares to 65,000 shares, and purchased 79,181 shares of Apple (AAPL.O) and 49,000 shares of Microsoft (MSFT.O), respectively. It is worth noting that, according to previous announcements, Bridgewater also significantly reduced its holdings in Nvidia in the third quarter.