CryptoQuant CEO: Bitcoin's Current Sell-off Pressure Comes From Short-term Holders

A whale “0xcc89” holding over $2M in assets spent 82K $USDC to buy 998,251 $EDEL today. This whale has also made over $5.6M trading on Hyperliquid.

On November 20th, according to the monitoring of Farside Investors, the net inflow of the US Bitcoin spot ETF yesterday was $75.40 million, and the net inflow into the BNY Mellon IBIT was $60.60 million. The Ethereum spot ETF witnessed a net outflow of $37.40 million, with a net outflow of $24.60 million from the BNY Mellon ETHA. The SOL spot ETF had a net inflow of $48.50 million yesterday, and there was a net inflow of $35.90 million into BSOL.

On November 20th, Vitalik Buterin issued a warning at the Devconnect conference yesterday. He stated that quantum computing could break Elliptic Curve Cryptography before the 2028 U.S. presidential election. This statement has triggered intense discussions within the community. Crypto KOL Charles Edwards said that mainstream experts are already evaluating the risk of a quantum attack on Bitcoin. Vitalik's three-year prediction also validates this. The crypto industry can no longer overlook this risk. Physics expert David M. Antonelli put forward a different view, stating that even the most optimistic projections (from IBM, Google, and Quantinuum) expect only a few thousand physical quantum bits by 2030, not millions of logical quantum bits. Furthermore, Tom Lee also retweeted reports related to Vitalik's warning about the "quantum computing threat to cryptographic algorithms." Although there is controversy over whether the threat of quantum computing to the crypto industry will mate

On November 20th, according to RWA.xyz data, the on-chain total supply of Circle's interest-bearing stablecoin USYC has exceeded $1 billion, and more than $900 million has been deployed on the BNB Chain. This growth indicates that more global institutions are deploying on the BNB Chain as core infrastructure for on-chain assets. Over the past year, several institutions have launched tokenized products on the BNB Chain, including: ? BlackRock: Its BUIDL Fund was tokenized by Securitize and accepted as collateral by multiple mainstream institutions. ? Ondo: Launched 100 tokenized US stocks and ETFs. ? CMB International: The on-chain migration of a $3.8 billion money market fund. ? Franklin Templeton: Expanding its Benji platform to the BNB Chain. ? Securitize × VanEck: Launching VBILL to provide exposure to US Treasury Bonds.

On November 20th, according to official information, the zero-knowledge privacy technology project Aztec has launched a decentralized L2 Ignition Chain built on Ethereum. This network will act as the decentralized consensus layer that supports the Aztec Network. In previous news, Aztec announced the commencement of the AZTEC token sale, and more than 300,000 addresses qualified for the whitelist.