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Bitcoin’s recent drop below its realized price points to bearish trends, with potential lows of $66,575 if selling pressure persists.
Some developing countries are viewing Bitcoin as a means to achieve financial autonomy and reduce reliance on the US dollar.
DOGE has dumped the most from the larger-cap alts.
Quick Take This is an excerpt from the thirteenth edition of The Funding sent to our verified subscribers on Nov. 3. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
Coins LUCE, GRASS, and ZEREBRO are trending on Solana, showing strong demand, transaction growth, and potential for gains.
The accusations led to swift action from OpenEden, which terminated Ng, and DWF Labs, which withdrew its funds and condemned his alleged behavior.
As Solana's price remains above critical support levels, explore what analysts expect for SOL in November following its impressive October rally.
- 07:20Analysis: Strategy May Transform into a "Bitcoin Bank" and Acquire Mining Companies to Reduce BTC Acquisition CostsCurrently, Strategy holds a large amount of Bitcoin, but its stock price premium reflects the market's expectation of its role as a "bitcoin bank." The company raises funds by issuing stocks and bonds to continuously purchase Bitcoin and plans to convert its balance sheet to a Bitcoin standard. Its business model is seen as one of the important paths to Bitcoin financialization. Analysts point out that in the future, Strategy, as a "bitcoin bank," may also acquire mining companies to reduce its Bitcoin acquisition costs. Such acquisitions may be more significant for the Bitcoin market than for the traditional gold market, as the domain knowledge required for Bitcoin mining and bitcoin banking is closer than that for gold mining and fiat banking.
- 07:20SOL Surpasses $170Market data shows that SOL has surpassed $170, currently reported at $170.02, with a 24-hour increase of 1.33%. The market is quite volatile, so please ensure proper risk management.
- 07:20Data: Over $20 Million Worth of ETH Burned on Base Mainnet in the Past 8 MonthsAccording to data disclosed by 1confirmation founder Nick Tomaino on the X platform, the Base mainnet has burned over $20 million worth of ETH in the past eight months. Nick Tomaino stated that if ETH is viewed as a stock, Base is more like a developer platform.