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$CORE b14g is the engine that sustains the vitality of the Core blockchain
@b14g_network drives operations, security, and dual staking on the @Coredao_Org blockchain.
According to DeFiLlama's report, the total DeFi TVL of $CORE is approximately $3.26 million, of which $2.81 million is attributed to b14g.
Core leverages the Satoshi Plus mechanism to provide higher yields by combining staked $BTC with staked CORE. The b14g Merge Marketplace and b14g's dualCORE vault make this process more convenient.
b14g's TVL is about $257 million, mainly consisting of self-custodied BTC. This represents the scale of Bitcoin capital flowing into and securing the Core blockchain through b14g.
Of course, b14g is not without risks. In October, a vulnerability attack drained about 97 million CORE. Subsequently, about 68 million CORE were reversed through a hard fork.A surge followed by stagnation must fall back; the bull market hasn't arrived yet! The key still depends on Friday's big non-farm payrolls! #非农在即，就业数据能否强化12月加息预期？
Brothers, yesterday's market really gave me a headache.
I originally thought Bitcoin $BTC had broken below the recent consolidation zone's lower boundary at 76200, signaling a bearish trend.
But starting from the afternoon, it rebounded all the way,
soaring directly to 81200!
Ethereum $ETH was even more dramatic,
jumping straight from 2200 to 2450!
Looks like I need to change my mindset.
It's fine to be bearish on a breakdown,
but when it rose to 78000 yesterday,
I should have realized something was off.
Because after a breakdown and retest, it can't retest the upper side of the range!
So, yesterday I should have stayed flexible,
and decisively gone long near 78000!
But missing it is missing it.
The focus now is on tomorrow night's big non-farm payrolls,
to see if the data is bullish or bearish.
Brothers, watch my pinned posts. Looking at the HYPE chart, the price is sitting near 80.66 USDT. Earlier in June 2026, it traded down near 52 USDT before surging up to an all-time high of 98.04 USDT in late September 2026. After that peak, it saw a healthy correction down to the 76 USDT area in late October. Now it is attempting a steady recovery above the moving averages. If buyer volume holds, we could see a push back toward the 90 USDT resistance level soon. What is your price target for next week? Bitcoin review: If we look at Bitcoin from the 4-hour chart, if it breaks through 82,000, it will go to the 84,000-84,800 range. If it is directly resisted at last night's high of 82,000 and falls back down, then last night's high will be the starting point of a new round of harvesting. I tend to lean more towards the direction of downward harvesting because, first, there is not much fuel above; there is more explosive potential below 79,000 on the long side. Second, technically it has already broken the position, which aligns closely with the starting point of the rise, so a counter-rally test is unfolding to see if the market will buy it. Therefore, if you have short positions, you really need to stop loss if it breaks through 82,000, because once it breaks 82,000, it could reach the 84,000-84,800 range, which is a space of more than 2,000 points. If you stop loss at 82,000, you can try to set up short positions again in the 84,000-84,800 range. 🚨 FIL: Another 225 warriors liquidated, how much longer will the market keep tormenting?
Just opened the market data and saw that in the past 24 hours, 225 people were liquidated on FIL, totaling $888,100. To be honest, this number isn't the most extreme in the entire market, but for each person forced to liquidate, it's real money lost.
What’s even more painful is the trading structure: spot trading volume is $21.56 million, but contract trading volume is as high as $224 million, more than 10 times!
What does this mean? Market trading heat is more concentrated in derivatives rather than spot. Both longs and shorts are battling, but high trading volume doesn’t necessarily mean new funds are coming in, nor does it directly indicate that major players are accumulating.
Screenshots show FIL’s market cap is about $727 million, with contract open interest around $149 million. Considering recent price fluctuations, I think the most important things to watch next are changes in open interest, funding rates, and whether spot trading volume can expand in sync.
If the price rebounds but open interest decreases, it might just be shorts covering; if the price rises and spot volume expands simultaneously, the quality of the rebound is more worth observing.
What FIL really needs is not another round of high-leverage frenzy, but sustained buying and real demand.
225 warriors have already paid their tuition; will the rest continue to hold on stubbornly?
#FIL #Filecoin #ContractLiquidation
Not investment advice$ETH ETH Market Update 🎉
Short positions took profit, this round fell 89 points from the high of 2451, a daily decline of 2.59%.
Indicator status:
15-minute and 1-hour charts have entered extreme oversold zones, short-term conditions are ripe for a corrective rebound;
4-hour indicators have fallen from highs, bullish momentum continues to weaken;
Daily price remains above MA20, which is a key support level.
Short-term oversold pressure calls for a rebound correction, but the mid-term structure is weakening.
Key levels:
Resistance: 2374–2380 (rebound observation zone), 2380–2395 (replenishment range), 2425 (stop-loss red line)
Support: 2352, 2314, 2274 No big problem, the market sentiment is currently overly panicked, mainly due to the slowdown in AI infrastructure such as data centers, but the Democrats cannot directly sanction AI because Trump has veto power and exemptions, so most likely the controversial bills on both sides will still be deadlocked with each other🚨 An employment report that could determine Bitcoin's next move!
All eyes are on November 6. The US nonfarm payroll report is about to become a key market catalyst, with expectations for new job additions between 62,000 and 65,000.
The key point: if the employment data is strong, interest rate pressure may heat up again; if the data is weak, the market might get a brief respite. But remember, a short rebound does not mean a trend reversal.
With the dollar weakening and US Treasury yields cooling off, Bitcoin and other risk assets have seen a brief recovery. However, regulatory uncertainty and pressure from future interest rate decisions remain.
📊 The Fear and Greed Index is returning to neutral, market confidence is somewhat restored, but true optimism is still some way off.
The real question is: will the nonfarm data push Bitcoin into the next rally, or trigger a new round of sell-offs?
What’s your take? Bullish or cautious?
$BTC $ETH $ZEC
#Bitcoin #CryptoMarket #NFP #CryptoTrading #MarketOutlook
#DailyOrbit #高利率下，黄金还能走多远？
The recent gold rebound is not simply due to the "disappearance of rate hike expectations."
The main reasons are:
Weakening US dollar: After the US midterm elections, the dollar declined, passively supporting gold priced in dollars.
Falling oil prices: Expectations of easing Middle East conflicts have increased, reducing energy inflation pressure.
Declining US Treasury yields: Fiscal expansion expectations are restrained by Congress, and lower long-term rates ease pressure on gold.
Central bank gold purchases support: In Q3 2026, global central banks net purchased 321 tons of gold, a 42% year-on-year increase, providing a floor for gold prices.
However, the expectation of a rate hike in December remains above 80%, so the current rebound is better understood as a correction within a downtrend rather than a complete removal of rate hike pressure. $XAU $XAU $XAU ① BTC 80,000 is a touchstone, not a starting point. To bounce back, spot buying support is needed; relying solely on short covering is not enough. ETF single-day net inflow is 74.6 million, but IBIT is still seeing an outflow of 200 million. No chasing in between.
② ETH 2,427 is stuck in the middle, staying still. The supply wall just confirmed above is at 2,440-2,450, and the pullback confirmation level below is at 2,390. ETF net inflow of 53 million ended the continuous outflow, but this is a correction, not a reversal.
③ Macro anchor: Friday's non-farm payrolls are the real test. Expected new jobs added are 65,000, unemployment rate 4.2%. The probability of a rate hike in December remains above 80%. Non-farm payrolls exceeding 100,000 plus accelerating wages = another hit to risk assets.$MANA
Decentraland represents an interesting experiment in digital ownership and user-created virtual environments. Its challenge is not simply attracting attention during periods of metaverse excitement. Long-term relevance depends on whether people have compelling reasons to return, create, socialize, and participate economically. Without consistent user engagement, virtual land ownership alone may struggle to sustain meaningful ecosystem demand.#索尼Q2营业利润增长45%，上调全年业绩指引 The biggest highlight of this financial report is that the profit growth rate far exceeds the revenue growth rate, with a significant improvement in profit quality. At the same time, this quarter is Sony's first full interim performance after the spin-off of its financial business, with data fully reflecting the fundamentals of the pure technology and entertainment entity business, excluding insurance and wealth management income from the financial sector, providing a clearer view of the core business's true cash-generating ability. Ethereum (ETH) is currently trading at $2,365.79, experiencing a short-term pullback of -2.42% after touching a recent swing high near $ETH 2,450. Looking at the 1D daily chart candles, ETH is holding above the key psychological support zone around $2,300. If buyers step in and defend this level, a retest of the $2,450–$2,500 resistance band is likely over the coming week. However, a breakdown below $2,300 could open the door for a deeper correction toward the $2,174 support. $SOL
Solana has built an ecosystem where speed and low transaction costs make experimentation easier for developers. That creates opportunities across DeFi, consumer applications, and digital assets. However, ecosystem growth should not be confused with sustainable demand. The real test is whether applications can retain users and generate meaningful economic activity beyond short-lived market trends.The tokenized NVIDIA asset (xNVDA) is showing a strong bearish continuation pattern, currently priced at $xNVDA 192.25 down -4.53% for the day. The moving averages (MA5, MA10, MA20) are sloping downward cleanly, acting as dynamic overhead resistance. With the price hovering right near its 24-hour low of $192.01, momentum heavily favors the sellers. Unless it can reclaim the $200 psychological mark soon, further downside pressure toward deeper support regions is expected. Completely convinced, some people have already started fantasizing that the Democratic Party is good for crypto……
Not to mention that the Democratic Party leading both chambers can only serve as a check on Trump, not dominate unilaterally.
If there’s no market for altcoins in 2025, it’s actually a pit dug by Biden.
Everyone saw Biden’s massive liquidity injection during his term, the crazy bull market in 2021, but didn’t notice the landmines planted at that time.
The number of financing events skyrocketed in 2021! How big was this liquidity? In 2022, the number of financing events was even higher than in 2021, just with less total funding.
From 2013 to 2020, there were only 1,026 financing events in total, but in just 2021 and 2022, there were 2,971 financing events.
With so many VC coins concentrated to launch in 2025, no matter how much money the market has, it can’t absorb all these new coin releases!
You can blame Trump, although crypto’s poor performance in 2025 has little to do with him, his family did launch coins and there were suspicious insider trades on hyperliquid.
But the Democratic Party probably can’t be relied on either. They often have some well-meaning policies, massive liquidity injections to give money to the public, support for non-advantaged races and genders, and so on, but once the scale gets out of control, it’s a landmine. The crypto market’s poor state in 2025 is largely a landmine planted during Biden’s era.
An industry’s progression from startup to boom to slow growth is a normal natural law. Blaming anyone is useless, expecting anyone is even more futile. Face it rationally, invest healthily, abandon illusions, and manage your "greed" well!#ModernaQ3财报将揭示疫苗销售趋势 【ETF Alert】ETF: Net inflow of $74.6 million on November 4 (inflow for 1 consecutive day), net outflow of $439.6 million in the past 3 days, net outflow of $1.0656 billion in the past 5 days → ① 22:02 (Beijing) Binance suffers a $6.3 billion hacker attack incident, impacting exchange security and market confidence (bearish); ② 21:55 (Beijing) Fed official Harker advocates gradual rate hikes to curb inflation, 10-year US Treasury yield at 4.904% (+1 basis point), US Dollar Index at 101.62 (+0.05%), tightening expectations suppress risk assets (bearish); ③ Gold at 4138.20 (+1.60%), crude oil at 89.25 (+1.28%) both strengthen, safe haven and inflation premium rise (neutral to bearish); Geopolitics: Iran war continues, Strait of Hormuz risk remains, 21:24 (Beijing) Bank of England raises rates for the first time due to Iran war (bearish, tail risk) → Net: Neutral to slightly bullish but momentum insufficient (single-day inflow cannot offset large outflows over past 3 and 5 days, and diverges from hacker attack and hawkish stance). Recommendation: Light positions and observe, do not chase highs, reduce positions if price near 79642 falls below 79000, consider adding if it rises above 80500. $CRV
Curve Finance occupies an important niche in decentralized finance through its specialization in efficient stablecoin and similar-asset swaps. This is a different competitive battlefield from general-purpose decentralized exchanges. Liquidity concentration, trading volume, and protocol incentives determine whether that specialization remains valuable. Strong infrastructure alone cannot guarantee sustainable fees or lasting demand for CRV. #توقعات Sony Earnings Report: How Did the Gaming and Music Sectors Perform? Overall, the value of this financial report lies in the fact that the profit growth rate far exceeds the revenue growth rate, and the quality of profitability has clearly improved; the film and gaming sectors are experiencing a strong boom, and the sensing business has also maintained the core base. The company's management dares to significantly raise guidance mid-year, indicating strong confidence in the upcoming quarters Just finished reviewing the liquidation report before going to sleep: 728 million liquidated across the entire network in one day, shorts account for 60%, 102,698 people got wiped out. But in the last hour alone, 47.23 million was liquidated, with longs making up 94.3% — the direction flipped, chasing highs got cut first. 😮
BTC at 79,677, positions down 0.49%, 272 million liquidated, shorts 88.5%.
ETH at 2,389.89, positions up 2.77%, 204 million liquidated, shorts 54.3%.
SOL at 95.42, positions up 1.36%, 20.06 million liquidated, shorts 65%.
ZEC at 1,305.86, positions up 1.73%, 10.66 million liquidated, shorts 69.8%.
The speed clock is even more striking: 59.31 million liquidated in 4 hours, 47.23 million in the last hour, 80% squeezed into one hour; at 21:01, 1.9083 million liquidated in one minute, longs dominate. 👀
Two tough issues tonight lean hawkish: the central bank governor said not to see this rate hike as the first shot of a series, the Middle East ceasefire is not guaranteed to be the last shot; initial jobless claims actually 189,000, lower than the expected 197,000, employment is solid, the tightening pressure remains.
Long-short ratio 48.95 to 51.05, don’t mistake this for leverage retreating — in 1-hour positions BTC and ETH are still declining, only SOL is increasing. Tomorrow I’ll watch: whether BTC can hold above 80,000, whether ETH can hold the 2,400 level; if not, wait for a pullback, if yes, I’ll follow the longs. 🔒Token buyback and burn does not mean the price is being supported
$BTC has risen above 81,000, and a bunch of people are starting to look for which coins to accumulate.
In the list they found, $HYPE and $UNI both have the words "buyback and burn".
What others think: The protocol uses revenue to buy back tokens and burn them, reducing supply, so the price naturally goes up.
This logic is only half correct.
How this number is calculated: Burning reduces circulating supply, not sell orders.
For the price to rise, someone has to buy the sell orders at that level.
The buyback funds come from protocol revenue, which follows trading volume.
When trading volume cools down, buybacks shrink, and no one tells you in advance when that happens.
What you really need to watch is whether the revenue is sustained, not how many burn announcements are made.
Those who treat burns as good news are actually buying into other people's trading enthusiasm.
That enthusiasm fades faster than the announcements.
#BTC进入摩根大通长期预测，机构配置仍谨慎 $BTC $HYPE Moderna rose from 29.49 at the beginning of the year to 258.38 on November 4, nearly 9 times the start-of-year value, but its Q3 earnings report to be released pre-market on November 6 in the US East is still likely to show a loss. I think the amount of loss this quarter is not a big issue; the third quarter in the past two years has been its best quarter of the year. The difficult part is that the stock price doesn't seem to care much about this earnings report. What pushed the stock price up this year was the cancer vaccine. On August 19, its melanoma vaccine phase 3 trial with Merck reached the primary endpoint, causing a 177% increase in one day. Around October 22, before and after the detailed phase 3 data release, it dropped 17.6% in one day. On November 4, it rose again by 13.1%. Since August 21, it has had 5 days with price changes exceeding 10%. But this quarter's earnings report still focuses on the COVID-19 vaccine. The third quarter is the US fall and winter vaccination season; last year's Q3 revenue alone was $1.016 billion, four times the total of the first half of the year. The company said in July that revenue would increase by up to 10% this year, with Q3 accounting for about 55% of the second half. Roughly calculating at the upper limit of guidance, Q3 revenue is about $880 million, with Wall Street estimates at $890 million, slightly higher. However, the CFO also said that if the second half matches last year, the full year will exceed 10%. On the profit side, estimates vary significantly. FactSet estimates a loss of $1.10 per share, Zacks estimates a loss of $1.37, and Alpha Vantage collects 1$SNDK SanDisk, the target at 955 has been reached and broken through. How frustrating must it be for those who went long above a thousand? Now, is it a good time to bottom-fish? The answer is that rapid moves tend to exhaust momentum. Experienced traders can buy the dip, but inexperienced ones should not. There is a probability it could go down to 730-830,I never quite understood why the crypto community is always waiting for a bill.
The Democrats won the midterm elections, Sherrod Brown returned to the Senate, and Elizabeth Warren continues to oversee financial policy. The new Congress's focus isn't on the CLARITY Act but on investigating the president's own crypto projects. Analysts say this bill might have to wait until 2028.
2028. By then, I'll probably still be watching the $BTC daily chart, just waiting for something with a different name.
What's a bit funny is that Circle says the industry is bipartisan, and stablecoins can still be promoted as usual. So $USDC is doing quite well, while $ETH still depends on regulatory favor.OpenAI and Anthropic are both seeking funding from the capital markets at the same time, giving investors the opportunity to compare the two companies side by side.
Tom Dotan from Newcomer interviewed investors involved in financing both companies and received quite distinct evaluations:
Anthropic is pulling ahead, while OpenAI urgently needs a comeback story.
Even though the AI industry is facing valuation pressures and a tightening political environment, interviewed investors remain quite optimistic about Anthropic's IPO.
One investor who has invested in both companies even stated that the demand for Anthropic's stock from joint funds and other long-term investors is "unlimited," believing that Anthropic is steadily overcoming current market fluctuations and is confident it can complete its IPO before Thanksgiving.
The political environment has not noticeably weakened this confidence. Anthropic has relatively closer ties to the Democratic camp, but investors have not backed down because of this.
The most interesting aspect of this funding competition is that both companies are targeting a largely overlapping group of investors, giving capital the chance to directly compare their growth, commercialization capabilities, and future valuations.
In the past, OpenAI almost represented the leading narrative in the AI industry. Now, Anthropic is vying for that position.
Technological leadership can constantly change, but the capital markets will make their judgment with real money.Political bets failed to pay off, and the stock prices of companies under his control are under pressure; Elon Musk's business empire is facing new uncertainties. The impact of the U.S. midterm elections is extending from Washington to the tech industry. After the Democratic Party won control of both chambers of Congress and secured key elections in Texas, the market began to reassess the policy risks facing Musk's companies. Tesla and SpaceX stock prices fell about 5.7% and 7.6%, respectively, in pre-market trading on Wednesday. Based on his holdings, Musk's personal wealth has shrunk by more than $60 billion on paper. This election may cost Musk more than just the nearly $500 million he invested politically. 1. Lavished $474 million, but political bets failed to pay off According to CNBC's statistics based on filings with the U.S. Federal Election Commission, Musk invested at least $474 million in the 2026 election cycle. About $224 million of that went to Texas-related campaigns, nearly half of the total investment. Musk focused on supporting Republican Senate candidate Ken Paxton, hoping the Republican Party would maintain its political advantage in Congress and Texas. But the final results did not go as hoped. Democratic candidate James Talarico won the Texas federal Senate election, and Gina Hinojosa defeated Republican incumbent Governor Greg Abbott. Texas is not only a traditional stronghold of the Republican Party but also an important part of Musk's business map.The results of the U.S. midterm elections are out, with the Democratic Party winning. The impact on the crypto market is greater and slower than most people think.
First, let's look at the phenomenon. The focus of the new Congress is not on pushing legislation but on scrutinizing the president's own crypto activities and the World Liberty Financial project. The once highly anticipated CLARITY Act has shifted from "when it will pass" to "whether it will pass at all."
Now, the judgment. Sharplink CEO Joseph Chalom expects the bill may be shelved until 2028. TD Cowen analyst Jaret Seiberg is more direct: progress is unlikely in the next two years. Two people from different positions point to the same direction.
The mechanism is not complicated. CLARITY disputes whether crypto assets are securities or commodities, which determines who regulates them and under what rules. Once legislation stalls, the compliance path for $BTC and $ETH can only continue to rely on case-by-case interpretations by regulatory agencies. For institutional funds, uncertainty itself is a cost.
But it’s not a complete freeze. Circle’s statement is worth noting: the industry has bipartisan attributes, and stablecoins and tokenized stocks can still move forward under existing laws and regulatory rules. $USDC and CLARITY are not the same path.
The real question is: after policy narratives fail, how many assets can maintain their price based on real use cases.Overnight, semiconductors collapsed, tech stocks faced sell-offs, and Bitcoin also started to weaken! What exactly is Wall Street afraid of? How long will this downturn last?
After the U.S. stock market opened on November 5, the tech sector came under pressure again. The 3x leveraged semiconductor ETF (SOXL) initially dropped about 15%, QQQ fell about 1.36%, and Bitcoin also retreated to around $79,000.
There may be three key reasons behind this decline.
First, the U.S. midterm elections changed market expectations. After the Democrats regained control of both chambers, investors began to worry about stricter AI regulations, especially potential restrictions on data center expansion. The future demand growth for chip companies is therefore facing reassessment.
Second, the returns on AI investments are being questioned. Tech giants have invested heavily in building AI infrastructure, but the market is increasingly concerned: how long will it take for these investments to generate sufficient profits? If capital expenditures slow down, semiconductor suppliers may be the first to be affected.
Third, risk appetite has declined. When tech stocks face concentrated sell-offs, Bitcoin may also be impacted by capital withdrawing from risk assets. However, Bitcoin's recent pullback cannot yet be fully attributed to the U.S. stock market.
So, when will the decline stop?
In the short term, focus on whether SOXL can stabilize, whether the semiconductor index continues to hit new lows, and whether Bitcoin can hold its recent support levels.
What is truly worth watching is not how much the market has fallen, but whether the market is still lowering its expectations for future earnings IREN is likely to suffer another big loss this quarter, but I think the stock price the day after the earnings report is not determined by how much it loses. It has dropped nearly half in just over a month, with short sellers holding 24% of the float. What really matters is whether the batches of data centers delivered to Microsoft can be completed by December. IREN used to mine Bitcoin, but now it has converted its power and data centers into AI data centers, renting GPUs to clients like Microsoft. Microsoft signed a 5-year $9.7 billion deal with them, with data centers located in Childress, Texas. All mining operations will be shut down by the end of 2026. In October, there were media reports that Anthropic also signed a multi-year cloud contract with them. The stock price fell from 40.88 at the end of September to 21.71 on November 4, nearly halving, with only two brief rebounds in between. On October 7, SemiAnalysis relayed user comments on X, calling IREN's two old Canadian data centers the worst in the industry, citing power outages and storage failures. The stock dropped 6.3% that day. Afterwards, the entire new cloud sector was dragged down by concerns over excessive borrowing. On October 16, Gartner's bearish report on the new cloud sector caused the stock to fall about 11%. Elon Musk later said there will be a major shakeout among new cloud companies. On October 28, Microsoft said it spent less on capital expenditures because some third-party capacity was not delivered on time. The worst was this week. On November 3, the midterm elections resulted in the Democrats taking both houses of Congress. Texas stateThe chip trio collectively took a hit today: AMD -10%, Qualcomm -10%, Intel -6.5%, with semiconductor ETFs all in the red.
On the surface, each is falling for different reasons—Qualcomm's mobile chip revenue dropped 26% year-over-year, Apple’s self-developed baseband continues to drain revenue; Intel is still burning cash on 18A and facing weak PC demand; AMD is purely caught up in the AI narrative fallout.
At the core, there’s one thing: the market’s measuring stick has changed. Previously, it was about "how big the AI story is," now it’s about "whether the cash flow can come back." After the midterm elections, with tighter regulations and expectations of stricter data center approvals, the capital expenditure narrative is taking a hit first.
This isn’t a demand falsification, but a valuation squeeze. Don’t catch a falling knife in the short term; wait until this wave of sell-off finishes and see whose Q4 guidance stabilizes first—the one that holds steady is the true leader.Applied Optoelectronics (AAOI) started selling new shares in late August and announced the completion of the sale on October 5, totaling 5.69 million shares at an average transaction price of $105.36, netting $588 million after fees. By the close on November 4, the price had dropped to only $59.27, a 28% decline just in the past week. After the U.S. East close on November 5, it released its Q3 report. I don't see much issue with this quarter's numbers; the challenge is the following day. They manufacture optical modules, which are components in data centers that convert electrical signals into optical signals, sold to cloud providers. Last quarter, the best-selling products were still 100G and 400G modules; 800G only started scaling this year, and 1.6T shipments began at the end of Q3. Another segment is CATV amplifiers used in cable TV networks, which accounted for over 40% of revenue last quarter. Revenue last quarter was $192 million, an 86% increase from last year. On May 13 this year, the intraday high reached $233.67, now more than 70% below that peak. Over the past month, the entire optical module sector has been declining, with Lumentum and Coherent also down over 40%. AAOI closed above $130 on October 6 but has lost more than half its value in a month. On October 28, Microsoft announced reduced capital expenditures and some third-party capacity was not delivered on time. On November 3, the midterm elections resulted in the Democrats taking both houses of Congress, and on November 4, data center stocks were hit again. Brokerage firms are also lowering target prices, with B. Riley cutting its target from 109 to 9 @八佰哥爱理财 $SOXL long positions have been completely stopped out, turning this week's loss from over 600,000 U to over 800,000 U. Old Pig reminds everyone again, $SNDK weekly has broken down, including the US stock market, the entire semiconductor and memory sectors will face a monthly-level correction. $BTC will definitely break 75,000!
On the night of November 5th at 10:30 PM, three consecutive 10x leveraged SOXL long positions were cut and closed at a loss. Behind those few minutes of decisive action was surely reaching a psychological limit. The total assets were brutally cut down to 480,000 U, losing 810,000 in 7 days. That cliff-like loss curve is truly terrifying to look at.
Actually, this is not surprising at all. We talked before that SanDisk's price rally engine has already stalled, even the orange box on the weekly chart has been stripped bare, and institutions are all lowering their target prices. Yet this guy still used 10x leverage to stubbornly hold semiconductor stocks. This is not bottom fishing; this is using real money as a stepping stone for big funds to exit.
Semiconductors and memory are inherently strong cyclical sectors, and the worst fear is the establishment of a cycle turning point. Now macro liquidity is tightly constrained, the Nasdaq is under pressure at high levels, even mining companies are thinking of jumping ship to AI, where is the incremental capital to help you get out of trouble? Technical breakdown combined with fundamental falsification, in this double whammy market, any rebound is just a bear short-covering trap.
After this wave of panic selling with mixed players completely finishes, after no one dares to call a bottom, we will come out to look for opportunities. The market never sympathizes with stubborn people.
⚠️Market observation only, does not constitute trading advice#توقعات Sony Earnings Report: How Did the Gaming and Music Sectors Perform?
Guess: Is Sony a financial management entity? I think so!
With a simple calculation based on the company's guidance data, it easily exceeds 0.42, and the unified Wall Street expectation is 0.41. The difference in data lies in capital dilution and the company's profitability conversion - "efficiency of converting adjusted net profit to adjusted operating profit," not net profit margin, gross profit margin, or revenue conversion rate; Q2 was 0.876, and I expect Q3 to be between 0.82-0.85, and I believe in capital dilution 25.7 tons of physical gold bars—if you poured them all into the largest stockpot in the kitchen, you'd first have to line the bottom with three layers of firebrick—the broth in this pot is truly made with serious investment.
I have a rule when cooking: if the broth isn't solid, no matter how fancy the plating is on top, it's just showboating. Tokenized gold has increased its reserves by 59% since the beginning of the year, with over $3.4 billion of genuine assets sitting in the vault. This isn't just concentrated juice diluted with water; this is a whole chicken and duck slow-cooked stew. Look at the central bank—they net purchased 321 tons in Q3, 42% more year-on-year. What kind of move is this? This is centralized procurement at a central kitchen level, pushing raw materials into cold storage truckload by truckload. The gold fund added another 211 tons, like gourmets finishing a round and coming back for seconds. On November 4th, gold prices climbed back above $4,000, and the broth in that pot started boiling again.
I often say, an investment portfolio is like a banquet table. Mainstream coins are the main dishes—they need to be solid, reliable; altcoins are the seasonings—a pinch adds aroma, but a handful can ruin the pot; leveraged contracts are the extra spicy chili—I always wear gloves when cutting chili, but if you grab it barehanded and burn your guts, don't blame me.
As for tokenized gold, I position it as a "small side dish." A whole gold bar is too heavy; many customers can't handle it, so it's cut into smaller portions, served on plates—low threshold, quick turnover, ready to use anytime. The advantage is everyone can taste the flavor of gold; the downside is the portion is small and easily stir-fried quickly—hot it's fragrant, but once cooled, it needs to be reheated. Now the kitchen is increasing raw materials, and customers are ordering more—whether this small side dish can attract more diners to pick up their chopsticks depends not on how pretty the plating is, but whether the broth is still boiling.
As for the XLITE linked small side dish, it comes out of the same pot as the main dish; if the main dish's heat changes, it doesn't even have time to adjust its seasoning.
The ratio is always the chef's lifeline. A thick broth and stable main dish give the confidence to add seasonings; conversely, if the pot is full of chili covering the broth's flavor, what you serve isn't a dish, it's an accident.
The problem with this pot now is: the hand adding chili is much faster than the hand adding salt. #xautgoldreservesup59%📊 Daily Brief｜November 5, 2026
① 📊 Market Overview
Total crypto market cap is about $2.7–2.76 trillion, BTC around $80.5K, up about 3%–4% in 24h, basically flat over 7 days; BTC dominance about 59%–60%. 24h trading volume about $80.5 billion. BTC ETF net inflow on 11/4 was $74.6 million, ending 3 consecutive days of outflows, but still net outflow about $752 million over the past 7 trading days, and about $516 million outflow in October; institutional funds have not truly reversed yet.
② 📈 Phase Assessment
Early weak bull / bottom confirmation period. Bull Score 56/100; Altcoin Season about 47. BTC reclaiming 80K is a positive signal, but ETF mid-term flows remain weak, altcoins have not fully started.
③ 🎯 Operation Suggestions
⬆️ Holding above 82.8K turns strong; breaking through 86.5–87K increases position; breaking 90K clearly confirms main uptrend probability.
⬇️ Watch at 78K; first add position at 75K, second add at 70K, key add at 65K.
④ 🚀 Potential Coin PONS
💡 Quote of the day:
"80K is a rebound, 82.8K is turning strong, 87K is confirmation; the most valuable now is not the courage to chase the rise, but having bullets left even if it falls below 75K." #Tether旗下XAUT黄金储备增长59%
Tether Gold (XAUT) gold reserves have increased by 59% this year, rising from about 16.2 tons at the end of 2025 to 25.7 tons, with a market value reaching $3.44 billion, setting a record.
The specific figures are as follows: reserves were 520,000 ounces at the beginning of the year, increasing to 827,000 ounces by the end of the third quarter, an addition of 766 gold bars, all stored in Switzerland and compliant with London Good Delivery standards. User holdings have increased by 73% this year, with a net increase of over 9 tons of gold exposure.
Interestingly, despite significant gold price fluctuations this year, XAUT holders have consistently increased their positions. Tether CEO Ardoino states this reflects a long-term belief in gold rather than chasing short-term prices. The World Gold Council estimates that the tokenized gold market could unlock approximately $700 billion in potential demand.
However, it should be noted that this data comes from a report issued by Tether itself; third parties only conduct sample inspections rather than auditing each individual gold bar. Transparency is stronger than many projects but still falls short of a "fully independent audit."手术台上的无影灯亮了：传统托管体系的主动脉里，正被植入一根名为代币化的新支架。Morgan Stanley成为首批二十家进入导管室的机构之一，DTCC在10月28日那天下刀，切口覆盖合规的美股、ETF与国债，首期只处理三十四根血管。
但监护仪上有个数字必须看清楚：三十万亿美元是“合格血管”的总横截面积，不是实际血流灌注量。当前真正在链上循环的代币化股票只有三十八亿美元，相当于全身循环里只泵进了一小管造影剂。合格≠开通，这是血管造影报告与真实血流动力学的本质区别——斑块还在，只是导管已经放到了位。
XTSM的市场联动不能按“利好出货”来处理，那是门诊思维。要看的是三个吻合口：机构间转移、链上结算、抵押品管理。任何一个吻合口漏血，整台手术都得重新转机。代币化股票在链上流通，本质是把体外循环机接进了原来的自体循环，需要肝素抗凝——抗凝不足形成血栓，抗凝过量就是出血，而三十八亿的池子深度根本撑不起一次大剂量推注。
真正的病灶不在代币化本身，在于托管基础设施的排异反应。DTCC是免疫系统，代币化是移植进来的外来血管，Morgan Stanley这批机构是首批配型成功的受体。但三十万亿的合格供体与三十八亿的实际植入量之间，隔着一条漫长的组织相容性窗口期。术前评估做得再漂亮，术中血压掉不掉，得看麻醉深度和容量反应性。
我看到的是生命体征的错位：链上结算频率在跳，托管层的血流却还没跟上。这就是术后早期低心排——不是心脏不跳，是前负荷不够。抵押品管理这根静脉通路一旦通畅，灌注压自然会重新建立；但在此之前，任何把“合格资产规模”当成“实际交易深度”来读的监护数据，都是在看伪影。
术后即刻拔管的前提是心脏能自己跳。而我盯着的，是监护仪上那条三十八亿的细线，在三十万亿的血管床上微弱而倔强地搏动。 #morganstanleyjoinsdtccAfter an $86.5 million move, the opponent quietly withdrew eight percentage points of exchange value from the board — this is the most dangerous kind of "false initiative" in the midgame. It looks like the pawns have crossed the river, but in fact, the rear flank is already restrained.
First, look at the pawn structure. Revenue increased by 17% year-over-year, but net profit only rose by 5%. In chess terms, this is called "high piece activity but low effective threat." USDC on-chain transaction volume surged by 49%, equivalent to stacking four pawns in the center, controlling the entire d4, e4, and f4 squares — a beautiful control of the board, but controlling squares does not equal capturing pieces. Reserve income actually fell by 8% to $658 million, which is the real pain point: your central pawns have no reinforcements, and the cruiser-like income engine (reserve asset yield) is sinking, while the opponent is slowly exchanging pieces on the rear flank.
What really holds this position? A lone pawn — the token presale on the Arc chain contributed $182 million, almost shouldering the entire increment of "other income." A grandmaster would immediately recognize this as a tactical sacrifice for an attack; it looks good short-term, but long-term depends on whether subsequent piece deployment can be replenished. Once the lone pawn is blocked, the entire diagonal line is lost.
Next, look at the linkage on the $xQQQ flank. The tokenized US stock targets and stablecoin cash flows do not coexist on the same chessboard; their linkage is essentially "two variations within the same opening system," sharing liquidity temperature but each with its own timeline. When reserve yields decline, the narrative focus shifts from "interest spread" to "on-chain traffic + new chain issuance," marking a formation change — from a closed layout to an open layout. The initiative remains in hand, but the margin for error narrows significantly.
My judgment is clear: transaction volume is space, net profit is substance, and this season’s game has space winning, substance holding steady, and time favoring the opponent. The decline in reserve yields is a chronic restraint, while presale income is a one-time check — a check does not equal checkmate; if the opponent blocks one step, you have to recalculate twenty moves.
The deadliest illusion on the board is mistaking "positional advantage" for "winning position," then continuing to add pawns when it’s time to exchange pieces. #CircleQ3USDCVolumeUp49% Looking at Bitcoin's weekly chart today, I found a pretty interesting detail!
In the early bull run of 2023, after $BTC broke above the 50-week moving average, it took a full 182 days before it came back to retest this moving average. But this time? Only 49 days!
Even more striking, the lowest point this week dropped to $75,645, while the 50-week moving average was at $75,614, just $31 apart—almost as if measured with a ruler! Then Bitcoin was pulled back to around $80,600. Last time it took half a year to retest, this time it was done in less than two months, clearly a much faster pace.
I actually think an early retest isn't necessarily a bad thing. After such heavy selling pressure, being caught at a key level is definitely not easy. Of course, the week hasn't closed yet, so it's a bit early to celebrate. I just wonder, after this retest is complete, will it start another big rally like in 2023?
This bull may have a bad temper, but its retests are pretty punctual!Sony's net profit this quarter is ¥449.6 billion, while Wall Street estimated ¥349 billion, exceeding expectations by 29%. The full-year revenue, operating profit, net profit, and dividends have all been revised upward. I don't see much to criticize about this quarter's figures; what to watch tonight in the US stock market is whether the ADR's 6.7% gain at opening can hold until the close. The money is made from movies and games. This year's "Spider-Man" global box office exceeded $2.5 billion, and the movie segment's operating profit this quarter is about seven times that of last year. The gaming segment's operating profit increased by 83%, and even after excluding last year's one-time loss of ¥49.8 billion, it still grew by 29%. However, PS5 sales this quarter were only 2.6 million units, compared to 3.9 million units in the same period last year. The "Wolverine" game released in September sold over 2.4 million copies. CFO Toru said that after so many years of investing in entertainment, they finally have blockbusters every year. The full-year guidance has been significantly raised. Operating profit was revised from ¥1.72 trillion to ¥1.87 trillion, and net profit from ¥1.21 trillion to ¥1.33 trillion. The full-year profit guidance for gaming, music, movies, and image sensors has all been raised, and the annual dividend was also increased to ¥35. There are also some less clean aspects. Operating profit exceeded ¥1 trillion for the first half of the year; the company said part of this includes US tariff refunds and some demand coming earlier than expected. For image sensors, there is concern about rising storage prices, and the conference call mentioned that the smartphone market is down about 20% year-over-year. Over in Tokyo, 6758 Before inserting satellite antennas into the city's load-bearing walls, first check if the foundation has reserved settlement joints for billion-level connections—this long-term agreement between Qualcomm and SpaceX is not just another beautiful rendering, but a covert transformation that integrates the space-based network into the ground 5G structural layer.
When I review drawings, I fear two things most: a stunning facade with a structural calculation book as thin as a napkin; nodes densely packed, yet no one can clearly explain the load-bearing paths. This collaboration bundles the Dragonwing chip, software, Starlink Mobile ground 5G network, and satellite links into a hybrid structure. Deployment only begins in 2027, followed by the rollout of tens of thousands of base stations over several years. This timeline is not a marketing calendar but a construction organization design: the chip is the embedded part, software is the connection node, the base station is the pile foundation and column, spectrum and backhaul form the beam and column system, and satellite coverage is the rooftop truss. If any layer lacks stiffness, the entire building will creak under wind loads. Financial terms are undisclosed, effectively rolling the cost list into the drawing tube—laymen only look at height, experts first ask where the foundation bearing layer is and whether cash flow can cover the construction period.
Stock tokens like $xAMZN are more like glass curtain walls hanging outside the main structure: highly reflective and conductive, but not load-bearing. Market linkage can amplify news into short-term interlayer displacement but cannot replace fundamental acceptance. User growth is live load, revenue is operational cash flow, and base station deployment progress is the main acceptance node; without all three in place simultaneously, the deformation joint between satellite and ground networks will shift from a technical issue to a valuation problem. What truly determines the lifespan of this "integrated space-ground-air" building is not the lights at the press conference but whether the first batch of base stations in 2027 can be constructed according to plan, whether chips and software can mesh within existing network nodes, and whether the subsequent expansion reserves an extensible column grid.
When I look at projects like this, I first examine underground, then the skyline; first the nodes, then the curtain wall. If the base station columns in 2027 cannot be installed on schedule, the deformation joint between satellite and ground networks will appear first in valuation models, not in renderings. #spacexqualcomm5gdealOn the radar echo, a cloud system originally judged as weak convection suddenly erupted into a strong single cell over Tokyo Bay—Sony's second-quarter revenue rose 10.3% year-on-year, reaching ¥3.43 trillion, and operating profit surged 45.1% to ¥622.3 billion, directly surpassing the forecast upper limits of various numerical models. This is not a slowly rising stratocumulus; it is explosive convection formed by warm, moist air colliding with a high-altitude jet stream, with vertical speeds far exceeding expectations.
Looking at the sounding curve, the lifted condensation level was lowered by two warm, moist airflows: the gaming and film & TV business segments simultaneously transported moisture upward, releasing latent heat of condensation, igniting the entire atmospheric instability energy at once. Management immediately raised the full-year operating profit guidance to ¥1.87 trillion and net profit attributable to the parent company to ¥1.33 trillion—equivalent to further lowering the central pressure of the entire weather system, revising the circulation intensity upward, and extending the warm ridge further in the medium-term forecast.
However, the wind speed at ground observation stations is not determined solely by the local overhead atmosphere. $xORCL, a US stock tokenized asset, has a remote correlation with Tokyo's surface pressure: the earnings report is a short-term strong convection, but the token market is the visibility that determines whether you can safely take off and land. What needs attention now is not the impressive profit growth figures, but the liquid water content in the market—whether the liquidity thickness is sufficient to support the precipitation intensity of this emotional wave, and whether the temperature-dew point spread between price and net asset value is narrowing; the wider the spread, the more it indicates an inversion cap near the surface layer, suppressing the updraft, making the rise prone to dissipate after forced lifting at the boundary layer top.
More attention should be paid to the shear line. The single quarter's unexpected outperformance is essentially an isolated convective cell, with a lifespan usually only a few hours to a day; it does not equal a seasonal transition. The real circulation adjustment depends on three things: the precipitation efficiency of the guidance fulfillment, the yen exchange rate as the underlying moisture channel, and the sea surface temperature anomalies of the hardware cycle. If the sea temperature does not cooperate, even the strongest convection will quickly collapse after the invasion of dry cold air, leaving only a short-term strong wind at the surface.
No need for disclaimers; the meteorological agency only issues forecasts and is not responsible for flight losses.
The current judgment is: the strong single cell over Tokyo Bay has entered maturity, with echo tops approaching the tropopause, short-term precipitation efficiency extremely high, but signs of dry intrusion at the periphery have already begun to appear on satellite cloud images. #sonyq2profitup45%$ACU is trading at $0.12297 (+5.12%), strengthening within its 24h range between $0.11414 and $0.12383.
Price is holding above MA5 ($0.12275), MA10 ($0.12205), and MA20 ($0.12143), after bouncing from the 24h low at $0.11414.
Driven by $431.11K USDT in daily turnover and 3.50M $ACU in 24h volume, holding above $0.12297 could open the way for a push back toward the $0.12383 high.
@OKX成长学院 #DailyOrbit A major market move may be coming, and the Democratic Party is very likely to do the following:
1. Restrict the political and business power of Trump and his family
2. Launch a congressional investigation into crypto projects related to the Trump family
3. There are already internal voices pushing for Trump's impeachment
4. Re-examine Trump's pardon of CZ
The Republican loss in the midterm elections has become a turning point for this market trend. The closer to the bottom, the more unsettled the last three to four months become. $BTC $ETH $SNDK #非农在即，就业数据能否强化12月加息预期？ Sentiment and Short-Term Observations
The Fear and Greed Index rose from 26 on Monday to 34, still within the "Fear" range; BTC Dominance remains around 60%. Whales continue accumulating during ETH's decline: over the past two days, they have bought a total of 320,000 ETH (approximately $1.12 billion), and a single address has built a position exceeding $14.76 million in ETH within three days, at an average price of about $2,352. However, it remains uncertain whether whale buying can offset the contraction in incremental liquidity (stablecoin supply decreased by about $7.5 billion in October, and DeFi TVL dropped by 10.87%).
In the short term, three lines need close monitoring: whether BTC can hold above $80,000—if it continues to fail, the downside will be the next liquidation zone rather than traditional support; whether IBIT outflows persist—if Fidelity's purchases are insufficient to cover BlackRock's redemptions, the ETF's "stopgap" may be just a one-day noise; and the movement pace of stolen funds on THORChain—Elliptic believes the stolen funds have not yet been cashed out on a large scale, and off-exchange gradual liquidation is the next phase to watch.
#非农在即，就业数据能否强化12月加息预期？ $SKY is preparing to take control of the stablecoin cross-chain channel. The Osero Spell on November 19 includes a batch of adjustments, with the core being the interoperability of the Osero liquidity layer between Ethereum mainnet and Base, and $USDC cross-chain using Circle's CCTP.
It's worth mentioning the mechanism of CCTP: it doesn't lock an amount on one chain and then issue an IOU on another chain; instead, it burns on the source chain and mints natively on the target chain. There is no wrapped asset in the middle, so there is no risk of "I trust this bridge won't run away." The money paid across chains is essentially the premium for this trust.
The proposal involves 7 adjustments across two chains: enabling CCTP on both, configuring cross-chain limits, setting permission management on the Base side, and integrating the USDC vault. The vault on the Base side is managed by Gauntlet, running on Morpho Vault V2, initially configured with $USDC.
The logic is consistent: first establish a native channel, then put the transferred funds into a strategy-managed vault to earn yield. Users don't need to find bridges themselves; the path is paved by the protocol.
This is not just a feature update; it's making "cross-chain plus yield" a standard component. Idle $USDC on the $ETH mainnet now has a smoother exit.
One question remains: since cross-chain limits and Base-side permissions are written in, who adjusts the limits and how often? That is the real on/off switch for this channel.GRVT fell nearly 10%, but contract open interest did not show a significant decline.
On OKX from 20:00 to 21:00, the spot price dropped from 0.21478 to 0.21041, with a trading volume of $137,300, which is 2.4 times the average of the previous six hours. In the same hour, the open interest decreased from 14,119,100 contracts to 14,065,400 contracts, a reduction of only 0.38%. As of 22:30, the spot price was about 0.20697, with an estimated funding rate of approximately -0.0277%.
My judgment is that the decline has not been accompanied by a significant reduction in open interest, so subsequent volatility may continue to increase. The open interest figures do not distinguish between longs and shorts, and the negative funding rate does not prove that new short positions are increasing.
If the hourly candle later closes back near 0.21, with trading volume falling and open interest significantly decreasing, I will lower this assessment.
$GRVT $AAVE
Stani said that cooperating with Kraken's parent company Payward can bring Aave to more retail and institutional investors. The announcement was made at 22:02, and Kraken itself bought tokens first. I only half believe this.
The market did move. At 22:00, this 1H candle rose from 130.91 to 133.72, closing at 133.16, with 543,000 contracts worth $7.19 million; the previous candle had 99,000 contracts worth $1.29 million, more than five times.
But the magnitude doesn't match. The 24h range was only from 130.84 to 133.06, a 1.7% increase. 136.94 was the high left at 23:00 last night, then it slid all day to 129.6, and at 20:00 it even dipped to 130.04. Positions increased from 14.69 million at 19:00 to 15.01 million, up 320,000 or 2%—volume increased more than fivefold, but positions only rose by two points, spot side is buying, no new leverage coming in.
The pool is also shallow. Within 1%, 510,000 bought and 480,000 sold; 24h turnover was 43.52 million against 15 million positions, nearly thirty times turnover, all short-term. Fee rate 0.0069%, 69%, pulled a bit but more than 70% of longs didn't rush to raise prices. A 15 million pool, can it accommodate Kraken's institutional narrative?
#非农在即，就业数据能否强化12月加息预期？ $SOL
Samsung Wallet connects to USDC accounts on Solana, 82 million devices, breaking news at 21:51. The numbers look big, but what goes in is the USDC ledger, not the SOL wallet. The channel and the buying side are two different things.
The market is more straightforward. At 20:00, the 1H candle traded 900,000 contracts, $86.03 million, dropping from 96.47 to 94.84. At 21:00, 300,000 contracts; at 22:00, 140,000 contracts, shrinking by six and a half times. The price is grinding between 94.9 and 95.6, now at 95.1, three points below last night’s 98.13 candle.
Positions are decreasing. At 19:00, 3.505 million contracts; at 20:00, 3.462 million, down $8.5 million, 2.5%, and basically unchanged in the last two hours. The fee rate is 0.006%, only 60% of the 0.01 benchmark, with a perpetual discount of 4 basis points. It’s not new shorts pressing down; it’s longs deleveraging themselves.
This afternoon I said upgrades are the market makers’ business; I still don’t count this wallet news as short-term gains. To move it, watch if 96.5 can be reclaimed; the 82 million figure can’t push the price.
#非农在即，就业数据能否强化12月加息预期？ The moment the market suddenly lifted together, my first reaction was not to chase the price but to check if the derivatives side had tightened first. Is this wave a short squeeze, or has new money really entered the market? BTC is reported at $80,693, up 4.66%, ETH at $2,429, up 7.18%, SOL at $95.98, up 4.18%. All three bounced together, resembling a concentrated position cleanup. ETH's leading gains usually indicate a marginal recovery in risk appetite, but from the derivatives perspective, what concerns me more is whether leveraged longs were already worn down before this rally and if short positions have piled up to a level vulnerable to being squeezed. If the rise is mainly driven by short covering and passive buybacks, it may come quickly and retreat just as fast, making chasing the high less cost-effective. The bullish path is actually clear: as long as the funding rate does not spike simultaneously, it means this rally is not overly polluted by leverage, with more solid spot support, offering a chance for sentiment recovery to evolve into a trend continuation. ETH leading the rally can also easily drive a catch-up in altcoin sectors. But the risk is also hidden here—if price rises while open interest quickly accumulates and funding rates turn positive or even overheated, that’s a typical crowded long scenario, where a small pullback can trigger a chain of liquidations, erasing the gains. Looking at the news, Circle’s Q3 revenue exceeded expectations, and USDC on-chain transaction volume increased by 49%. This kind of stablecoin-side activity is a warm underlying tone, indicating that on-chain settlement demand has not flattened; meanwhile, in the U.S. midterm elections, the Democratic Party has taken