Crypto Morning News: Bluefin launches airdrop checker, Hyperliquid airdrop goes live on November 29 at 15:30
TechFlow Selected TechFlow Selected
Crypto Morning News: Bluefin launches airdrop checker, Hyperliquid airdrop goes live on November 29 at 15:30
ETH has shown strong recent performance and may retest its all-time high, with the next key resistance level for the ETH/BTC ratio at 0.04.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Bluefin, a decentralized exchange in the Sui ecosystem, launches airdrop eligibility portal, to distribute 17% of BLUE tokens
According to official announcements, Bluefin, a decentralized exchange within the Sui ecosystem, has launched an airdrop eligibility inquiry portal. The project plans to allocate 17% of the total BLUE token supply to existing and new users.
The airdrop will target Bluefin’s current users, long-term community members, and users from the Solana and EVM ecosystems. The team has partnered with multiple ecosystem projects including AlphaFi, SuilendProtocol, and Cetusprotocol in the Sui ecosystem, as well as NFT communities such as Pudgy Penguins, Mad Lads, and Azuki.
Lending protocol Echelon announces launch of Echelon Chain on Initia
According to official news, lending protocol Echelon has launched Echelon Chain—a Move-based application chain—on Initia using its Interwoven Stack technology architecture, aiming to provide an efficient DeFi lending market through modularized economics.
Currently, Echelon has achieved $106 million in TVL and $132 million in total loaned assets.
Interwoven Stack is Initia’s signature tech stack emphasizing modular design and interoperability. Through Interwoven Stack, Echelon Chain gains cross-blockchain expansion via LayerZero and IBC, underlying protocol support from Celestia, native stablecoin integration, built-in oracles, and comprehensive user tools.
Binance Labs announces investment in multi-asset liquidity protocol Astherus
Binance Labs has announced an investment in Astherus, a multi-asset liquidity hub focused on maximizing real yield for crypto assets. Astherus’ flagship product, AstherusEarn, delivers high-yield strategies across multiple blockchains and protocols with institutional-grade security.
In the future, Astherus plans to launch its own DeFi Layer-1 blockchain, AstherusLayer, supporting multi-asset staking with BNB used for gas fees. With this latest round of funding, Astherus will accelerate product development, launch innovative yield products, and further enhance user experience.
Astherus employs a modular DeFi infrastructure approach: its dApp layer enables users to unlock asset utility through applications like derivatives trading and stablecoin yield farming, while its DeFi infrastructure layer aggregates liquidity to support broader applications such as stablecoin protocols and derivatives clearinghouses.
Bitcoin staking platform Solv Protocol announces $SOLV token, upcoming TGE
According to official announcements, Bitcoin staking platform Solv Protocol has unveiled its $SOLV token and will conduct a Token Generation Event (TGE) soon, aiming to further unlock potential within the Bitcoin ecosystem.
Earlier reports indicate that Solv Protocol has raised $11 million at a $200 million valuation, with investors including Laser Digital (a subsidiary of Nomura), Blockchain Capital, and OKX Ventures.
QCP Capital: ETH shows strong momentum, poised to retest all-time highs; next key resistance level for ETH/BTC ratio at 0.04
QCP Capital’s latest analysis notes that BTC has returned to the $95,000 mark following the PCE price index meeting expectations. ETH has shown strength, rising 11.65% yesterday and reaching a high of $3,688. The current ETH/BTC ratio stands at 0.03760, up 17.8% from last week, with the next key resistance level at 0.0400.
Meanwhile, BTC’s market cap dominance has declined from its peak of 61.50%. ETH spot ETFs continue to record strong net inflows, with $90.1 million flowing in yesterday, marking four consecutive days of positive growth. Given that ETH has underperformed BTC and SOL during this bull market cycle, its recent strength supports optimism about retesting its historical high of $4,868—a 35.4% upside from current levels.
Binance announces Pyth Network (PYTH) as first project for BNSOL Super Staking
According to an official announcement, Binance has revealed that Pyth Network (PYTH) will be the first project featured in its BNSOL Super Staking program.
Hyperliquid airdrop goes live November 29 at 15:30 UTC
The genesis event for HYPE, the native token of decentralized derivatives trading platform Hyperliquid, will go live at 15:30 UTC on November 29.
HYPE has a maximum supply of 1 billion tokens, allocated as follows: 38.888% for future emissions and community rewards; 31.0% for genesis distribution; 23.8% for current and future core contributors; 6.0% for the Hyper Foundation budget; 0.3% for community grants; and 0.012% allocated to HIP-2. Tokens will be released over time, with 76.2% designated for the community.
Eligible participants in the genesis event will receive 310 million tokens, fully unlocked upon receipt.
Unallocated tokens will be redirected to future emissions and community rewards. 60 million HYPE are allocated to the Hyper Foundation budget, 300 HYPE to grants, and 120,000 HYPE to Hyperliquidity (HIP-2). 388,880,000 un-minted HYPE are reserved for future issuance and community incentives.
Scroll co-founder admits flawed airdrop design, commits to remediation via Session 2
In response to allegations by Movement co-founder Rushi Manche, Scroll co-founder Sandy issued a public statement today with key points:
1. Acknowledges poor airdrop design that harmed parts of the community, and commits to compensation through Session 2;
2. Confirms team wallets did not claim airdropped tokens, and will remove associated points to prevent confusion;
3. Denies pressuring team members to purchase tokens at the last round’s valuation;
4. Announces team restructuring for next-stage development, with some members departing—expressing confidence they will thrive in new roles.
Previously, Rushi Manche, co-founder of Movement Labs, accused Scroll’s team of various issues, claiming it damaged the reputation of the EVM L2 ecosystem.
Market Movements
Suggested Reading
Net capital inflows surpass Solana—will Base chain explode?
This article discusses why the author is bullish on Base, covering aspects such as Coinbase’s significance, Ethereum’s future, reduced usage friction, the strength of the Base team, positive data trends, and the possibility of an airdrop.
This article explores how three AI projects—Truth Terminal, Fi, and MycelialOracle (S.A.N.)—unexpectedly entered the Meme coin world and their subsequent evolution. Originally experimental AI initiatives, they were propelled by crypto enthusiasts into creating fascinating events involving gender pay gap reduction and community unrest. Additionally, the three teams revealed a collaborative plan to develop a tool called Loria for community-driven AI alignment, enabling humans and AI models to co-create stories and identities.
This article analyzes the background and implications of the Federal Reserve’s rate cuts in September and November 2024—the first since March 2020 post-pandemic. The report examines how interest rate changes deeply affect the economy and various asset classes, and forecasts possible further cuts in 2025. It advises investors to seize opportunities brought by rate cuts while remaining cautious about divergent performances and geopolitical uncertainties.
Introducing Talus: Raised $6M led by Polychain, an L1 designed specifically for AI Agents
This article introduces Talus Network, a blockchain specifically designed for AI Agents. Backed by a $6 million funding round led by Polychain Capital, Talus aims to build a permissionless, verifiable ecosystem for AI Agents. The article details Talus’ technical architecture—including infrastructure, contract, resource mapping, and validation layers—that provides robust support for AI Agents. Talus also launched its first app, "AI Bae," combining social, gaming, and financial elements, offering users a platform to customize and trade AI companions.
The ultimate bull market goal: Cultivate contentment and learn to take profits
In the long run, achieving true satisfaction is more important than short-term profit-making. In the crypto market, we must restrain greed and learn to enter and exit at the right moments. We should move away from emotionally driven decisions and replace impulsive actions with rational thinking. Recognizing that inner desires can never be fully satisfied, we must learn when to stop.
Placeholder Partner: Don’t overestimate the bull market—preserving profits is paramount
While asset prices still have significant room to rise, investors should remain rational and manage risk.
They should lock in profits appropriately, control investment size, and avoid being swept away by bull market euphoria.
For novice investors, it is recommended to primarily invest in Bitcoin, Ethereum, and Solana, with allocations to smaller altcoins not exceeding 10% of total assets.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
深潮TechFlow
