Investment Bank TD Cowen: SEC To Enter 12-Month Key Regulatory Period, Chairman Atkins To Lead Crypto Rulemaking
On November 18th, as reported by The Block, the analyst at TD Cowen investment bank pointed out that with the resumption of operations by the federal government, the U.S. Securities and Exchange Commission (SEC) will enter a crucial period in the next 12 months. This is because the agency is working on formulating regulatory rules for the cryptocurrency industry.
The TD Cowen Washington research team led by Jaret Seiberg stated in a report that after the longest government shutdown, the market's focus has shifted to the policy agenda of SEC Chairman Paul Atkins. "After the government restarts, the SEC will face the most important 12 months of Atkins's chairmanship, and his agenda of regulatory relaxation will enter a substantive stage," Seiberg said on Monday.
Since the new Trump administration took office this year, the SEC has taken several actions to clarify its stance on crypto regulation. These actions include issuing custody guidelines, holding roundtable discussions, and launc
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If Bitcoin drops to $92,000, the mainstream CEX long liquidation volume will reach 848 million.
On November 18th, according to Coinglass data, if Bitcoin were to fall to $92,000, the cumulative long liquidation strength of major CEXs would reach $848 million.
Conversely, if Bitcoin were to break through $95,000, the cumulative short liquidation strength of major CEXs would reach $491 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 show the relative significance of each liquidation cluster to adjacent liquidation clusters, that is, strength.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be impacted when it reaches a certain level. A higher "liquidation bar" indicates that when the price is reached, it will generate a more intense reaction due to a liquidity cascade.
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SOL Treasuries Company Sharps Technology Stock Price Hits All-Time Low After First Quarterly Financial Report Filing
On November 18th, Sharps Technology disclosed its quarterly financial report for the first time following the adoption of a Solana-centric digital asset reserve strategy. The figures indicate that the revenue from its core medical device business is quite minimal, while the company holds approximately 2 million SOL tokens. The Nasdaq-listed company stated in regulatory filings that, as of September 30th, the fair value of its digital asset portfolio was $404 million. However, given the current price of SOL at around $138, the company's holdings are now substantially devalued to $275 million.
Moreover, the company's quarterly product revenue was merely $83,622, while the product costs exceeded $1.2 million, resulting in a substantial loss in the manufacturing business. Sales and administrative expenses skyrocketed to $110.7 million, causing the quarterly net loss to nearly reach $103 million. Driven by the cryptocurrency holdings, the total assets soared from $7.3 million at the end of
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Ethereum Falls Below $3,100
On November 18th, based on HTX market data, Ethereum dropped below $3,100 and is currently priced at $3,094.
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Analysis: BitMine's Ethereum Staking Position is currently at a unrealized loss of $2.98 billion, with a return rate of -21%.
On November 18th, according to on-chain data analyst Yu Jin, BitMine witnessed an increase of 54,000 ETH (approximately $180 million) in its ETH holdings last week. Its total ETH holdings have now reached 3.56 million ETH (approximately $11.27 billion), approaching 3% of the total ETH supply. Currently, its average ETH holding cost is $4,019, with an unrealized loss of $2.98 billion (-21%).
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Due to DappRadar's platform shutdown announcement, RADAR token has dropped over 30%.
On November 17th, based on market data, after the DappRadar platform announced its imminent shutdown, the RADAR token initially saw a surge of about 18%, and then plummeted by about 40%. Currently, the price has dropped by approximately 30% compared to before the announcement. It is now trading at $0.0007836, with a market capitalization of only $1.2259 million and a fully diluted valuation of $8.03 million.
BlockBeats previously reported that the well-known crypto data website DappRadar announced its upcoming shutdown due to financial difficulties. Further details regarding the DAO and RADAR token will be communicated through regular DAO channels.
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