Ethereum Drops Below $3700

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."

On November 3rd, Orama Labs' first project, ZENO, which pioneered the OCM (Onboarding Community Market) model, successfully launched on the Solana network and simultaneously released the first developer MVP version of ZENO Scene. This launch attracted a total of $3.5 million in PYTHIA staking participation, marking a significant breakthrough for this on-chain access framework specifically designed for high-quality Web2 enterprises/teams. ZENO is a comprehensive platform dedicated to building a persistent digital layer of the physical world, aiming to connect the real world with the dynamic virtual world through a standardized system. As the first flagship case of the OCM model, ZENO has demonstrated the full capabilities of this framework in technical integration, community building, and value alignment. Through the successful practice of the OCM model, Orama Labs has provided a replicable on-chain transformation path for Web2 enterprises/teams with mature business models and technic

On November 3rd, the stock price of the publicly listed Bitcoin treasury company ZOOZ Strategy Ltd. experienced a significant drop of over 34% in pre-market trading, causing its market capitalization to fall to $228 million. In terms of news, ZOOZ Strategy Ltd. announced today that its board of directors has given the green light to initiate a stock buyback program. The program aims to repurchase up to a total of $50 million of the company's issued common stock, provided that it complies with applicable regulatory requirements. The stock buyback program has a duration of 12 months, and the company may carry it out on a non-periodic basis through various means, such as open market purchases, negotiated transactions, or other methods in accordance with applicable laws. The company stated that the plan does not impose an obligation to repurchase a specific number of shares, and the company reserves the right to suspend or terminate the plan at any time at its discretion.