MegaETH Launches Mainnet Testnet Frontier

On November 19th, according to HTX market data, Ethereum fell below $3,000, experiencing a 24-hour loss of 0.2%.

On November 19th, OpenSea announced in a post on the X platform that the rewards of Wave 2 phase have been distributed. Some participants may receive NFT and token rewards, while active users will obtain rewards like upgraded loot boxes. And the Wave 3 phase is currently live.

On November 19th, according to Coinglass data, if Bitcoin drops below $90,000, the cumulative intensity of long liquidation on mainstream CEXs will reach 738 million. Conversely, if Bitcoin breaks through $92,000, the cumulative intensity of short liquidation on mainstream CEXs will reach 179 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring clusters, that is, intensity. Therefore, the liquidation chart shows to what extent the target price will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more intense response once it reaches that level due to a surge in liquidity.

On November 19th, according to Wu Said's report, the $1 billion Ethereum Treasury Plan led by Li Lin with Xiao Feng, Shen Bo, Cai Wensheng, and others has been put on hold, and the funds raised have been returned. This plan was the largest-scale DAT led by Asian investors. Insiders speculate that the main reason for the shelving is the bearish market trend after the 1011 incident, with the stock prices of many DAT companies experiencing significant declines recently. Regarding whether the plan will be restarted, relevant parties stated that investor interests will be given priority, and the current situation still requires market observation and corresponding actions. It is reported that the current mainstream Ethereum Treasury (DAT) companies' mNAV has fallen below 1, with Bitmine dropping to 0.86 and SharpLink dropping to 0.85. Previously, according to Bloomberg, Li Lin was collaborating with Shen Bo, Xiao Feng, and Meitu founder Cai Wensheng, as well as other early Asian Ethereum

On November 19th, based on HTX market data, Bitcoin dropped below $91,000, experiencing a 24-hour change of 0.88%.

On November 19th, Jack Mallers, the founder of Strike, posted and stated, "The core of this collapse is not the asset but the currency. The default occurs through inflation, and Bitcoin is the only market that is honest enough to intuitively reflect this. In a fiscally dominant environment, holding a better currency is essentially shorting the system. Buy the dip because the true failure is the currency itself."