MEXC has listed Hyperlane (HYPER) for pre-market trading

On November 23rd, during an interview with CNBC, Tom Lee explained to the host the reason for the sharp drop in the cryptocurrency market on October 11th. "The cryptocurrency market has a large number of automated processes. ADL (Automatic Deleveraging) is a typical example. When a user's account assets or collateral prices drop, the system will initiate a forced liquidation similar to a margin call in traditional markets. While USDC maintained a price of 1 USD on other trading platforms, the internal quote on a certain exchange platform suddenly dropped to 0.65 USD. Due to the insufficient liquidity on that trading platform, the ADL mechanism was triggered, resulting in a large number of accounts being automatically liquidated. This chain reaction eventually spread throughout the entire market. As a result, thousands of cryptocurrency accounts were wiped out within minutes, even though they were profitable just a moment before." Essentially, this was a systemic risk caused by a code

On November 23rd, Port3 Network made a post on social media stating that the full details of the incident have now been determined, and follow-up plans are being formulated. The next steps will be announced shortly.

On November 23rd, Tom Lee, the chairman and CEO of BitMine, stated that MicroStrategy has become the preferred tool for cryptocurrency investors to manage risks. This partly explains the reason for its stock price dropping by 43% in the past month. ["Strategy may be the most important focal point at the moment as it is both a Bitcoin proxy stock and the most liquid alternative asset,"] Lee said in an interview with CNBC on Thursday. Due to the limited tools available for directly hedging losses in the crypto market, institutional traders have turned to shorting the stock of Strategy. The company holds nearly 650,000 bitcoins, closely tying its stock price to Bitcoin's performance. ["In my view, when cryptocurrency market participants try to hedge their losses in Bitcoin and Ethereum holdings, they can't find any other hedging avenue except shorting its liquid alternative stock—and MicroStrategy is the best choice,"] explained Lee. He added that native hedging tools like Bitcoin and E

On November 23rd, as reported by Cointelegraph, due to a "format error" in a delegation transaction, the Cardano network experienced a temporary chain split on Friday. Delegation transactions refer to transactions where ADA is delegated to a staking pool. Although these transactions are valid at the protocol level, they can potentially lead to a code fault that affects network functionality. According to an incident report released by the Cardano ecosystem organization Intersect, this "format error" transaction exploited an old code vulnerability in the underlying software library of the Cardano blockchain, causing nodes to diverge in transaction processing and ultimately resulting in a network split. This vulnerability was caused by a staking pool operator named Homer J, who used AI-generated code to drive the transaction and has admitted responsibility for the network split. The staking pool operator was required to download the latest version of the node software to fix the issue a

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.

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%).