QCP: Bitcoin Volatility Expected to Remain High, Implied Volatility Biased to the Downside

On November 17th, CoinMarketCap has entered into a partnership with Reserve on the BNB Chain to launch CMC20, which is the first tradable index token native to DeFi. It tracks the top 20 crypto assets by market capitalization and provides investors with a one-stop diversified investment portfolio. CMC20 is deployed on the BNB Chain by Lista DAO and supports 24/7 minting and redemption. It can be used on decentralized exchanges like PancakeSwap and mainstream wallets. This not only brings a simplified investment experience to retail and institutional investors but also showcases the strength of the BNB Chain as an innovative financial infrastructure in a highly active public chain. The BNB Chain ecosystem is evolving rapidly. With CMC20, investors can transparently manage multi-asset portfolios on-chain while enjoying low-cost transactions and high accessibility.

On November 17th, according to the Securities and Futures Commission (SFC), a letter was issued today to licensed corporations and virtual asset trading platforms. The SFC is urging them to remain vigilant against suspicious fund transfers that indicate layering trading activities in order to prevent money laundering. In the letter, the SFC pointed out that there is a growing trend of illegal actors using licensed institutions to conduct layering trading activities. Some are trying to launder the proceeds from fraud and scam cases by disguising the source and destination of illegal funds. Common warning signs of layering trading activities involve a series of suspicious behaviors, such as frequent, rapid, and organized deposits into customer accounts followed by immediate withdrawals in the form of funds or virtual assets. At the same time, the SFC reiterated in the letter its strict standards for licensed institutions in detecting and preventing layering trading activities.

On November 17th, according to official channels, Brevis has unveiled the ProverNet Whitepaper, presenting a decentralized market mechanism for zero-knowledge proof generation. It employs a truthful online double auction to effectively match various computing tasks with specialized proof hardware. Based on the collaborative experiences in projects like PancakeSwap, Uniswap, Euler, Linea, and MetaMask, ProverNet specifically targets the core pain points of existing proof infrastructures. ProverNet will operate on the dedicated rollup Brevis Chain, with the official launch scheduled by the end of 2025. Brevis claims that this mechanism will steer zero-knowledge proof services from a centralized single-provider model to a competitive market, enabling specialized proof nodes to be deeply optimized for specific tasks. Application users will no longer be constrained to a single provider when obtaining verification computing services.

On November 17th, the decentralized exchange aggregator 1inch launched a new liquidity protocol named Aqua. The aim is to enable DeFi applications to share a single liquidity pool through multiple strategies while ensuring user custody. Developers can now obtain the Aqua software development kit, libraries, and technical documentation through GitHub. A full frontend interface is expected to be released in early 2026. Aqua has constructed what they refer to as a "shared liquidity layer," allowing funds within a single wallet to support multiple trading strategies simultaneously. In contrast to the traditional model where users have to select a single strategy and lock funds in a specific smart contract, with Aqua, assets always remain in users' wallets, and the strategy only accesses the funds when a trade is actually carried out.

On November 17th, as monitored by Onchain Lens, a BlackRock address transferred 4,880 BTC (valued at approximately $467 million) and 54,730 ETH (valued at approximately $176 million) to Coinbase 10 minutes ago.

On November 17th, as reported by Bloomberg, the Trump Group is collaborating with a Saudi Arabian partner to plan a luxury resort in the Maldives and is in the process of tokenizing the hotel development project. In a joint statement issued on Monday, the two companies stated that the Trump International Hotel Maldives project will comprise 80 ultra-luxury beach villas and overwater villas, which will be jointly developed and constructed by the Trump Group and Dar Global Plc. Dar Global is a subsidiary of a Saudi developer listed in London. The Maldives resort is scheduled to open by the end of 2028, just a 25-minute speedboat ride away from the capital, Male. The tokenization of this project will enable investors to participate in the development stage by offering digital shares that can be purchased in tokenized form.