BOB (Build on Bitcoin) has announced that it will launch its community sale on CoinList on November 10.

On November 6th, based on on-chain data, after Stable launched the second phase of the deposit pre-sale activity, it has now accumulated more than $650 million. The second phase of the Stable deposit pre-sale activity will be able to accept up to $500 million in eligible deposits. Hourglass stated that deposits made directly through Etherscan or through programming will not be eligible for the Stable pre-sale activity. Such deposits can be withdrawn by using the redeemNonKYC function on Etherscan. The minimum deposit window of $100,000 will be extended by at least one hour.

On November 6th, as monitored by LookOnChain, the second phase of the Stablecoin Deposit Activity has commenced. More than 60 wallets mistakenly entered the contract address as the receiving address during the deposit process, with a total amount of over $2.34 million. Users are reminded to carefully double-check the receiving address before making a deposit to prevent the misplacement of funds.

On November 6th, J.P. Morgan analysts pointed out that as leverage is reset and the volatility of Bitcoin relative to gold improves, Bitcoin may rise to approximately $170,000 within the next 6 to 12 months. Led by Managing Director Nikolaos Panigirtzoglou, the analyst team noted in a report on Wednesday that the crypto market has retraced by about 20% from recent peaks. The most significant decline took place on October 10th when the crypto market witnessed the largest liquidation event in crypto history in the perpetual contract market. A smaller-scale liquidation occurred again on November 3rd. The analysts stated that the event on November 3rd was related to further weakening investor confidence as the decentralized finance (DeFi) space's Balancer protocol suffered a loss of more than $120 million due to an exploit, once again raising concerns about protocol security in the market.

On November 6th, Hourglass put up a message saying, "The traffic of the platform is currently extremely high, which is temporarily affecting the access to the Hourglass website. Deposits made directly through Etherscan or automated programs will not be eligible for the Stable pre-staking event. Such deposits can be withdrawn by using the redeemNonKYC function on Etherscan. The minimum deposit window of $100,000 will be extended by at least one hour. Please be patient while waiting for the website to resume normal operation."

On November 6th, based on on-chain data, after Stable launched the second phase of its pre-deposit activity, it has currently accumulated more than $230 million. Earlier reports showed that Stable stated that the second phase of the pre-deposit activity was able to accept up to $500 million in eligible deposits. Participants are required to deposit using USDC and complete Know Your Customer (KYC). Each verified user is limited to one wallet.

On November 6th, a Deutsche Bank analyst pointed out that Bitcoin had recently stabilized after initially falling below $100,000 for the first time since June. This was because the U.S. stock market had rebounded overnight and risk appetite had improved. They stated that the main driving factors were better-than-expected economic data and the increasing speculation in the market that the U.S. government shutdown might be coming to an end. This had boosted investors' optimistic outlook on the short-term outlook, and risk assets had performed well overall, including Bitcoin. The ADP National Employment Report and ISM Non-Manufacturing PMI, which were released on Wednesday, also exceeded expectations. (FXStreet)