Spot XRP ETF Sees Explosive Debut, with First-Day Trading Volume Reaching $58 Million

On November 14th, as monitored by Onchain Lens, a whale holds a short position of 20 times the amount of BTC. It has a floating profit of more than $15 million. This whale has earned more than $41.7 million by shorting Bitcoin multiple times.

On November 14th, Wintermute's latest report indicated that the correlation between Bitcoin and the Nasdaq Index remains as high as 0.8. However, Bitcoin's trading trend is more bearish than that of the stock index. It shows a much greater response to market pessimism than to optimism. On trading days when the stock market declines, the decline of BTC is generally larger than that of the stock index. On the contrary, when the stock market rises, Bitcoin's increase is smaller. This pattern was last observed during the bear market of 2022. Wintermute stated that there are two main potential factors leading to this phenomenon: Throughout most of 2025, funds that usually flow into the cryptocurrency space, including new token launches, infrastructure upgrades, and retail participation, have shifted to the stock market. Large-cap tech companies have become the focus for institutions and retail investors seeking high beta coefficient/high growth. When global risk sentiment changes, Bitcoin r

On November 14th, the liquidity staking protocol Drop within the Cosmos ecosystem announced that it would shut down its operations in an orderly manner. The issuance of the DROP token will not proceed, and the airdrop related to the Droplets program will also be cancelled. Drop is currently exploring the possibility of allocating protocol revenue to the participants of the Droplets program as a means to return value to contributors. In terms of asset management, dTIA and deINIT will start to be gradually removed, with the withdrawal function remaining available; dATOM and dNTRN will continue to receive support. Drop is in discussions with potential partners to explore the possibility of keeping these two assets operational.

On November 14th, as per the monitoring of EmberCN, a suspected address associated with Richard Heart received 4,978 ETH from the privacy tool Tornado Cash. These ETH were sold at a price of $3,273 each and were exchanged for 16.294 million DAI. Recently, Richard Heart transferred 154,000 ETH (approximately $6.11 billion) to 22 new wallets. All these ETH were purchased in March 2024 at an average price of $3,779, totaling 6.21 billion DAI. In 2024, the International Criminal Police Organization issued a red notice against Richard Heart, the founder of Hex and PulseChain, accusing him of serious tax evasion and assault. On July 31, 2023, the U.S. Securities and Exchange Commission (SEC) sued Richard Heart, claiming that Heart raised over $1 billion by selling tokens of the Pulsechain, PulseX, and Hex projects and misappropriated at least $12 million of customer funds.

On November 14th, based on market data, Asian stocks opened lower across the board today. The Japanese and South Korean stocks opened lower. On November 14th (Friday), the Nikkei 225 Index opened down by 666.59 points, a decrease of 1.30%. The KOSPI Index in South Korea opened down by 114.2 points on November 14th (Friday), a decrease of 2.74%. The three major A-share indexes opened lower. The Shanghai Composite Index was down by 0.56%, the Shenzhen Component Index was down by 1.14%, and the ChiNext Index was down by 1.74%. Hong Kong stocks opened with the Hang Seng Index down by 1.52% and the Hang Seng TECH Index down by 2.22%.