CZ: Yesterday's disclosed information was overinterpreted

Update: On November 3rd, the net outflow of the US Bitcoin Spot ETF during the previous week was $8.02 billion, and the trading volume was $250 billion. The most actively traded price during the previous week was $109,881.

On November 3rd, according to the latest weekly report from CoinShares, there was a total net outflow of $360 million in digital asset investment products last week. This was mainly due to investors interpreting the comments of Federal Reserve Chairman Powell regarding a potential rate cut in December as a hawkish stance, which led to market uncertainty. The United States took the lead in this fund outflow, with a net outflow of $439 million. Meanwhile, Germany and Switzerland saw relatively small net inflows of $32 million and $30.8 million respectively, partially offsetting the outflows from the United States. In terms of Bitcoin, there was an outflow of $946 million. In contrast, Solana attracted a net inflow of $421 million, marking the second-highest historical record. The funds mainly flowed into the newly launched U.S. ETF, bringing its year-to-date net inflows to $3.3 billion. Ethereum also witnessed a net inflow of $57.6 million.

On November 3rd, Tharimmune, Inc. (traded on NASDAQ: THAR), a publicly listed company, announced today that it has reached a private placement agreement ("Offering"). Under this agreement, it will sell common stock (or equivalent pre-funded warrants) to several institutional investors and accredited investors at a price of $3.075 per share. The expected total offering amount is approximately $540 million (excluding underwriting fees and other offering expenses). The Offering is led by DRW and Liberty City Ventures. Prominent institutional investors such as ARK Invest, Bitwave, Broadridge, Clear Street, Copper, Digital Asset, Feynman Point Asset Management, Five North, Kaiko, Kenetic, Kraken, LendOS, Lukka, Nima Capital, MPCH, Obsidian Software, Polychain Capital, Proof Group, SBI Group, The Tie, Tradeweb Markets, and 7RIDGE are also participating. The regulatory entity responsible for overseeing the Canton Network, Canton Foundation, has also taken part in this private placement. Thar

On November 3rd, the Ethereum Foundation announced the commencement of the Ecosystem Support Program (ESP). It will continue to fund projects for everyone, but now through two channels: the Wish List and Proposal Solicitation. These channels are intended to address the most pressing needs in the ecosystem identified by the Ethereum Foundation teams. The former will formulate high-level goals to guide key work areas, concentrating on broader themes rather than specific projects. The latter will focus on explicit deliverables or measurable outcomes, including predefined scope, requirements, and expected results.

On November 3rd, Standard Money, the developer of the USDsd algorithmic stablecoin based on the BNB Chain, declared the accomplishment of an $8 million funding round. This strategic round was spearheaded by Yzi Labs, and was participated in by Gate.io, Crypto.com, and Animoca Brands. USDsd is a yield-optimizing algorithmic stablecoin that was inspired by Tether's USDT, which is the largest stablecoin in terms of market capitalization. The funds raised in this round will be utilized to support Standard Money's mainnet deployment and to expand its liquidity partnerships and global operations. Algorithmic stablecoins are a kind of token that maintains a peg to a target asset through smart contracts and economic incentives, and manages the circulating supply accordingly.

On November 3rd, economist and cryptocurrency critic Peter Schiff commented on the event where "Michael Saylor Announces Strategy to Buy 397 BTC Last Week at an Average Price of $114,771", stating, "The quantity of Bitcoin you purchased is insufficient to support the price. Unless you take a significant action, the price is likely to keep declining. It should be noted that the current price of Bitcoin is already 6% lower than the average cost at which you bought it last week."