Coinbase: BTC and ETH Wallet Migration Completed
On November 23rd, Coinbase Platform declared that the wallet migration for BTC and ETH had been successfully accomplished.
Previously, Coinbase officially announced that an internal wallet migration for BTC and ETH was going to be carried out. The funds would be transferred from the internal old wallets to the new ones. Many wallets had already been marked on most blockchain analytics platforms. It is anticipated that this migration would not lead to any interruptions in product services, and the deposit addresses for recharging would not be affected. Nevertheless, users should be cautious of phishing scams.
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The market remains in a state of "Extreme Fear," with a weekly average of only 10.
On November 23rd, based on alternative data, the current cryptocurrency Fear and Greed Index today is at 13 (yesterday it was 11), with a weekly average of 10, suggesting that the market sentiment is in an "extreme fear" state.
Note: The Fear Index ranges from 0 to 100 and encompasses the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Market Dominance (10%) + Google Trends Analysis (10%).
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Monad: Mainnet is scheduled to launch next Monday
On November 23rd, the official Monad team made an announcement on social media that the MON token sale on Coinbase has come to an end. A total of 85,820 participants have committed, with a combined investment of $269 million. Subsequently, the mainnet is set to launch on Monday.
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A whale address shorted 4,574.87 ZEC after the market rebound, while simultaneously entering a 20x long position on BTC.
On November 23rd, as per the monitoring of LookOnChain, trader 0x152e closed his long position in ZEC yesterday, resulting in a loss of $846,000.
Just when ZEC was on the rise, within the past 40 minutes, the trader reversed his position: shorting 4,574.87 ZEC with a 5x leverage (valued at $2.66 million).
Simultaneously, he established a 20x leveraged long position in BTC, with a position size of 367.36 BTC (worth $31.63 million).
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A whale address transferred 8920 ETH to Binance at a loss-making price 1 hour ago
On November 23rd, according to the on-chain analyst Ai Auntie (@ai_9684xtpa), the address 0x29F...335EF deposited 8920 ETH into Binance within the past hour (approximately $24.85 million). These ETH were withdrawn from the exchange at an average price ranging from March 2024 to February 2025 at $3024. If sold at the current price, it would lead to a loss of $2.12 million.
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During Bitcoin's weekly low, the Federal Reserve "turned collectively dovish," with traders and analysts optimistic about a short-term bottom formation.
On November 23rd, Bitcoin has been continuously declining from its peak of $96,000 this week. It dropped to a low of around $80,600 on Friday, November 21st, at around 20:25 Beijing time. That evening, several Federal Reserve officials gave speeches, releasing bullish signals and reversing the market's previous belief that there would be "almost no rate cut in December." The earliest speaker appeared almost simultaneously with the $80,600 low point. These officials include:
New York Fed President Williams stated that considering the current policy, which seems to be tightening, the Fed could still cut rates in the short term. The inflation process has stalled, but it is expected to reach the 2% target by 2027.
Fed Governor Milan said that the impact of the non-farm data released on Thursday was "clearly dovish," and that insufficient data does not mean the Fed lacks forecasts.
Fed Vice Chair Jefferson also said that he believes that the current AI-related U.S. stock rally is unlikely t
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