Strike CEO Jack Mallers' Bank Account Unfairly Closed by JPMorgan Chase, Sparking Market Concern

On November 24th, according to Xinhua, Bitget's Chinese spokesperson Xie Jiayin recently stated in a post on the X platform that the current total market capitalization of cryptocurrencies has returned to $3.3 trillion, while the market sentiment indicator has dropped to 10, hitting a new low in nearly two years. Looking back, he recalled that in March and April of this year, the market also experienced similar pullbacks and widespread panic, but it was later proved to be a buying opportunity. The current market situation bears a striking resemblance to history, suggesting that the timing for the strategy of "when others panic, I am greedy" may have arrived. Xie Jiayin emphasized that the current market's theme still focuses on the continuous growth of DATs, ETFs, and stablecoins. He advised investors to focus on the following three data dimensions in their subsequent operations as key indicators to judge the market's direction: daily BTC/ETH ETF net inflows, MicroStrategy dynamics, a

On November 24th, as per crypto analyst @ali_charts, Bitcoin has exhibited 5 sell signals within the past month: 1. Since January 2022, Bitcoin's monthly MACD has turned bearish for the first time. 2. On the daily chart, the 50-day moving average has crossed below the 200-day moving average, forming a "death cross". 3. Bitcoin has dropped below the 50-week moving average support, a level that historically indicates a significant pullback. 4. The SuperTrend indicator on the weekly chart has given a sell signal, which has long-term reliability in trend reversals. 5. The bi-monthly TD Sequential indicator has also issued a sell signal for Bitcoin, with similar past signals leading to corrections of 78% and 32% respectively. @ali_charts stated that if Bitcoin continues to decline, the key support levels may be at $75,740, $56,160, and $52,820.

On November 24th, as per an official announcement, Upbit is going to list MON. Trading is anticipated to commence on November 25th at 00:00 in the local time.

On November 24th, based on the data from DefiLlama, the total market value of stablecoins continues to show a downward trend. It has decreased by 0.33% in the past week, with a current market value of $3028.37 billion. This data represents a decrease of more than $6 billion from the previous peak of $309 billion, marking the largest monthly decline since the Luna crash in May 2022.

On November 24th, Vlad Tenev, the CEO of Robinhood, stated on the a16z podcast that the securities lending market is a significant source of revenue for brokers and counterparties. However, its operation is highly opaque and inefficient. A considerable amount of trading still occurs through chat tools in the Bloomberg terminal, using peer-to-peer matching. If these assets were tokenized, a liquidity pool could be established, which would make the entire process extremely simple. Just imagine being able to directly lend or borrow stocks using a protocol like Aave. In comparison to the current cumbersome system that has evolved over decades, this would be much more efficient and user-friendly for end users.