Crypto Morning News: ETH drops below $3,000 this morning, DappRadar announces it will cease operations
TechFlow Selected TechFlow Selected
Crypto Morning News: ETH drops below $3,000 this morning, DappRadar announces it will cease operations
Vitalik Buterin releases Kohaku privacy framework, advancing Ethereum privacy protection upgrade
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
BTC drops below $92,000 this morning, ETH falls below $3,000
HTX market data shows BTC dropped below $92,000 this morning, currently at $92,151; ETH has fallen below the $3,000 mark, now trading at $3,031.
Fed Vice Chair: Upside inflation risks may have eased; upcoming Beige Book to inform economic outlook
According to Jin10 News, Federal Reserve Vice Chair Jefferson, speaking on the economic outlook and monetary policy, stated that labor market indicators show supply and demand are gradually cooling. As monetary policy approaches neutral rates, a cautious approach is needed. Upside risks to inflation may have diminished, and tariff impacts could be temporary. The Fed’s upcoming Beige Book report next week will provide insights into the economy.
Trump Organization plans to develop a "tokenized resort" in the Maldives with Saudi partners
According to Bloomberg, the Trump Organization plans to jointly develop a luxury resort in the Maldives with partners from Saudi Arabia, and intends to tokenize the hotel development project.
A joint statement released Monday by the two companies said Trump International Hotel Maldives will feature 80 ultra-luxury beach and overwater villas, and will be developed in partnership with Dar Global Plc.
Vitalik Buterin launches Kohaku privacy framework, advancing Ethereum privacy upgrades
According to The Block, Ethereum co-founder Vitalik Buterin officially unveiled the Kohaku privacy framework at Devcon. This open-source toolkit aims to enhance privacy and security across the Ethereum ecosystem, offering modular components that allow developers to build secure, private wallets without relying on centralized third parties. Kohaku integrates protocols such as Railgun and Privacy Pools, enabling users to hide funds compliantly and provide "proof of innocence."
Meanwhile, the Ethereum Foundation has formed a privacy team comprising 47 researchers, engineers, and cryptographers, aiming to make privacy a "first-class feature" of Ethereum. Buterin emphasized: "Privacy is freedom," and Ethereum is on a "privacy upgrade path" to deliver "real-world privacy and security."
DappRadar announces imminent shutdown due to financial difficulties
According to DappRadar’s official disclosure, the decentralized application data platform DappRadar will shut down its services. The company stated that operating a platform of this scale is no longer financially sustainable under current conditions, and after exploring various options, it has had to make the difficult decision to cease operations.
Founded in 2018 and initially inspired by CryptoKitties, DappRadar aimed to help users discover and understand the decentralized application ecosystem. Over seven years, the platform helped millions of users explore dApps, collaborated with hundreds of blockchains and thousands of developers and projects, and its data was cited by journalists, used in research papers, and shared globally.
The company said it will begin phasing out the platform in the coming days, stop tracking blockchains and dApps, and shut down related services. Arrangements regarding the DAO and RADAR token will be communicated separately through DAO channels.
GoPlus: Multiple x402 projects pose high-risk vulnerabilities including excessive approval, signature replay, honeypot traps, and infinite minting
According to a GoPlus Security report, the firm conducted a security risk scan across more than 30 x402 ecosystem projects and discovered serious vulnerabilities in multiple projects.
The scan identified major risk types including excessive approval, signature replay, honeypot traps, and infinite minting. For example, FLOCK’s transferERC20 function allows the owner to withdraw any amount of tokens from the contract; x420’s crosschainMint function enables unlimited minting; PENG’s manualSwap function allows the owner to extract ETH from the contract.
Previous security incidents include the October 28 attack on 402bridge due to an excessive approval vulnerability, resulting in malicious transfers of USDC from over 200 user accounts; and Hello402’s infinite minting and liquidity issues on November 12.
Aave Labs to launch consumer app on Apple App Store offering minimum 5% annual yield
According to Fortune, decentralized lending protocol Aave Labs announced plans to launch a consumer-facing application on the Apple App Store and has opened a waitlist for users.
The app functions similarly to a savings account but offers higher returns, providing users with a minimum 5% interest income, with deposits supported via bank accounts or debit cards. The product operates using stablecoins and the Aave protocol, aiming to provide everyday users with access to decentralized financial services while avoiding technical terms like "stablecoin" and "protocol."
Ant International and UBS sign strategic MOU to collaborate on blockchain-based cross-border payment and settlement
According to the South China Morning Post, Ant International and UBS have signed a strategic memorandum of understanding to collaborate in the field of blockchain-based cross-border payment and settlement.
Under the agreement, Ant International will use UBS Digital Cash, UBS’s blockchain payment platform launched last year, for global treasury operations to improve efficiency, transparency, and security. Both parties will also explore joint innovation in tokenized deposits, including a "connectivity solution" involving Ant’s proprietary blockchain platform.
Kelvin Li, Global General Manager of Platform Technology at Ant International, said both companies share a belief in the transformative potential of these technologies for cross-border payments.
Strategy spent over $800 million last week to increase holdings by 8,178 BTC, bringing total holdings to 649,870 BTC
According to Bitcoin News, Strategy acquired 8,178 Bitcoin for $835.6 million, averaging $102,171 per BTC. Following this purchase, Strategy now holds a total of 649,870 Bitcoin, with a total acquisition cost of $48.37 billion and an average cost of $74,433 per BTC.
BitMine increased ETH holdings by over 50,000 last week, total ETH holdings exceed 3.55 million
According to PRNewswire, BitMine Immersion Technologies today announced its total assets—crypto, cash, and "potential investments"—have reached $11.8 billion. As of 7:30 PM Eastern Time on November 16, the company’s crypto holdings include 3,559,879 ETH, 192 BTC, equity in Eightco Holdings worth $37 million, and $607 million in unencumbered cash.
SOL Treasury Company Forward Industries listed on US markets increases SOL holdings to 6.9 million
According to Business Wire, Forward Industries (Nasdaq: FWDI) released its monthly treasury update. As of November 15, the company holds 6.9 million Solana (SOL) tokens.
Since inception, the company has purchased 6.8345 million SOL at an average cost of $232.08 per SOL, totaling approximately $1.59 billion. Its validator infrastructure achieves an annualized yield of 6.82%, and nearly all of its SOL holdings are staked.
Market Updates
Suggested Reading
Crypto Market Weekly Review (11.10–11.17): Extreme market panic, privacy sector stands out
This article discusses last week’s extreme market panic, where positive sentiment from the end of the U.S. government shutdown was offset by declining odds of Fed rate cuts, leading BTC and ETH to drop 9.99% and 13.62% respectively. Japan’s 10-year government bond yield rose to a 17-year high of 1.73%, further tightening global liquidity. Key events to watch this week include speeches by the Fed Vice Chair, NVIDIA’s earnings release, and unemployment data announcements.
This article provides a detailed evaluation framework for cryptocurrency airdrops, analyzing how to identify high-potential opportunities through deep participation and structured methods. It covers key factors such as tokenomics, eligibility criteria, Sybil resistance mechanisms, market conditions, liquidity, and exit strategies, along with practical advice to maximize returns.
IOTA collaborates on ADAPT project: Building the future of digital trade in Africa
This article introduces IOTA’s collaboration with the World Economic Forum and the Tony Blair Institute for Global Change on the ADAPT project, aimed at advancing digital trade infrastructure in Africa. ADAPT seeks to connect identity, data, and finance through digital public infrastructure, enabling trusted, efficient, and inclusive trade across the continent. This initiative promises significant economic benefits for Africa and sets a global benchmark for digital trade.
Earn while slacking off: Top AI agent projects optimizing crypto workflows
This article explores how AI agents are transforming major sectors in crypto, including trading, yield farming, and prediction markets. These tools significantly boost user efficiency and profit potential through real-time data analysis, automated operations, and enhanced security. The article also highlights several leading AI agent tools and their applications to help users optimize their crypto trading and investment processes.
After deleting Twitter, I finally learned not to buy and sell impulsively
This article examines behavioral patterns, investment strategies, and investor psychology in the cryptocurrency market, emphasizing the importance of early market entry and criticizing the "influencer culture" on crypto Twitter. The author shares personal investment experiences, including achieving financial freedom through patience and early positioning, while exposing the zero-sum nature of market dynamics.
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
