Upbit will list the MMT/KRW trading pair

On November 5th, according to the on-chain AI analysis tool CoinBob (@CoinbobAI_bot), the smart money address recommended today begins with 0xcac. Recently, the whale has been continuously averaging down through spot BTC and ETH. It has opened short positions at the contract highs to hedge against mainstream coins in order to achieve stable profits. Currently, its total contract position size is approximately $35.23 million, with a total account unrealized profit of $9.9 million (about 502%). The weekly profit exceeds $5.6 million, and the monthly profit reaches $22.12 million. The maximum drawdown this week is only 3.7%. According to monitoring, the address's current major short positions are: 20x BTC worth $15.9 million, with an unrealized profit of $2.8 million (351%); 20x ETH worth $14.6 million, with an unrealized profit of $5.44 million (744%); 20x HYPE worth $4.12 million, with an unrealized profit of $1.43 million (346%). In the past six months, a total profit of $10.65 millio

On November 5th, the CryptoQuant analyst Axel released a post indicating that from a momentum standpoint, the market is about to commence an attempt at a rebound. Furthermore, a significant number of short positions have already accumulated, which may serve as a catalyst for the rebound. Technically speaking, the market is already in an oversold state. However, history has demonstrated that a recovery typically requires a period of consolidation. The deterioration of risk aversion is closely associated with the increasingly scarce market liquidity. The U.S. government shutdown has resulted in substantial budget cuts. Meanwhile, tax collection and debt issuance continue as usual. All of these factors have jointly led to a substantial contraction in the liquidity of the financial system.

On November 5th, spot gold surged by more than $10 in a short time, reaching above $1,980 per ounce. It rose by $50 intraday, increasing by more than 1%. (Golden Ten)

On November 5th, Metaplanet raised $100 million by using its Bitcoin assets as collateral. The raised funds will mainly be utilized to purchase more Bitcoin in order to expand its revenue sources and repurchase shares. As of October 31st, Metaplanet held 30,823 bitcoins.

On November 5th, Binance Alpha is set to launch Intuition (TRUST) on Alpha. Alpha trading began today at 17:00 (UTC+8). Users who hold at least 224 Alpha points are eligible to claim a 200 TRUST token airdrop. The first come, first served principle applies. If the event has not ended, the points threshold will automatically decrease by 5 points every five minutes.

On November 5th, Bitget Onchain Trading has incorporated Morph Chain. It enables the trading of Morph ecosystem assets by using the spot wallet stablecoin. This integration will boost the development of the Universal Exchange (UEX) and offer users a more efficient on-chain trading experience. Before this, Bitget's Onchain Trading section underwent a comprehensive renovation. It connected all assets on the ETH, SOL, BSC, and Base chains. Additionally, the AI intelligence tool Onchain Signals was introduced to track on-chain fund movements. Users can directly access millions of tokens through the spot wallet and achieve intelligent interaction by leveraging real-time data and one-click execution.