Public Acquires Alto's Cryptocurrency Business for $65 Million

On November 14th, Babylon announced that the "mainnet upgrade was successfully completed. Two key BABY tokenomic adjustments have come into effect, and a convenient BTC staking extension feature has been added: · The annual inflation rate has been reduced from 8% to 5.5%. Annually, 2.5 billion fewer BABY tokens will be minted, achieving a more sustainable tokenomics. · The introduction of Co-staking: Users staking both BTC and BABY simultaneously will receive higher rewards than staking individually. · The BTC Staking Extension Feature: It allows BTC stakers to extend the time lock of their existing stakes without the need to unlock them.

On November 14th, the US Dollar Index (DXY) witnessed its first drop below 99 since October 30th, with an intraday decline of 0.47%. (FXStreet)

On November 14th, according to Coinglass data, a total of $402 million has been liquidated across the network in the past 24 hours. Among them, $277 million was from long liquidations and $125 million was from short liquidations.

On November 14th, as per official information, the largest U.S. prediction market, Kalshi, has selected Coinbase Custody to offer custody services for its USDC. This serves to guarantee the security of user funds during the processes of depositing and withdrawing USDC.

On November 14th, according to HTX market data, Ethereum fell below $3,300, experiencing a 24-hour decline of 2.87%.

On November 14th, according to Coinglass data, in the event that Bitcoin drops below $100,000, the cumulative intensity of long liquidation on mainstream CEXs will reach $922 million. Conversely, if Bitcoin exceeds $102,000, the cumulative intensity of short liquidation on mainstream CEXs will reach $295 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be impacted when it reaches a certain position. Higher "liquidation bars" indicate that once the price is reached, it will experience a more intense reaction due to a liquidity cascade.