Phantom CEO: No Plans to Launch Proprietary Blockchain or Pursue IPO

On November 12th, Michael Metcalfe, the head of macro strategy at Richard Bernstein Advisors, stated, "If the US government remains shut down, further economic growth will be impacted. Fortunately, we have ultimately cleared the hurdle of the government shutdown. This means we can relax as there will not be a substantial slowdown in economic growth resulting from a government shutdown." The US employment data may be the most anticipated data that was not released due to the government shutdown. Investors are weighing whether the Fed will cut rates again in December. Metcalfe said, "For the stock market to sustain its upward trend, the data must be weak enough to prompt a rate cut by the Fed but not overly weak to raise concerns about an economic slowdown." (FXStreet)

On November 12th, based on Coinglass data, within the past 4 hours, a cumulative total of $41.51 million was liquidated across the entire network. Specifically, $8.13 million in long positions was liquidated and $33.38 million in short positions was liquidated. In the past 24 hours, a total of 130,590 people globally were liquidated. The total liquidation amount was $422 million. The largest single liquidation took place on Bitfinex - tBTCF0:USTF0, reaching $12.85 million.

On November 12th, according to HTX market data, Ethereum witnessed a rebound and managed to break through $3,500. The 24-hour decrease was narrowed down to 1.53%.

November 12th. Binance Futures will list USD?-Margarined CLANKER and BEATUSDT perpetual contracts.

On November 12th, propelled by the news that "Binance is going to launch the CLANKERUSDT perpetual contract", CLANKER witnessed a sudden surge of more than 17%, and its market capitalization exceeded 70 million US dollars.

On November 12th, according to GMGN monitoring, today, the on-chain meme coin trading volume and holdings on the BSC and SOL chains have shown varying degrees of decline, with no significant fluctuations in the past 24 hours. Among the meme coins with higher market caps: "The TRUMP" has a market cap of $7.8 billion, with a 6.6% decrease in the last 24 hours and is currently priced at approximately $7.83. "The Fartcoin" has a market cap of $301 million, with a 2.1% increase in the last 24 hours and is currently priced at approximately $0.30. "The USELESS" has a market cap of $186 million, with a 1.2% increase in the last 24 hours and is currently priced at approximately $0.186. "The JELLYJELLY" has a market cap of $72.27 million, with a 0.8% increase in the last 24 hours and is currently priced at approximately $0.072. "Binance Life" has a market cap of $169 million, with a 3.1% increase in the last 24 hours and is currently priced at approximately $0.169. "The 4" has a market cap