Overview of important developments on the evening of November 1

Bitget App

Trade smarter

Bitget

News

Cointime2024/11/01 13:11

By:Cointime

12:00-21:00 Keywords: October non-farm, USDG, MicroStrategy, BNB

1.UBS launched the first tokenized investment fund based on Ethereum;

2.US non-farm employment increased by 12,000 in October, significantly lower than expected;

3.Paxos collaborates with DBS Bank to launch a compliant stablecoin in Singapore, USDG;

4.Applied Digital will raise $375 million through convertible notes issuance;

5.ZachXBT: Crypto exchange M2 was hacked for approximately $13 million yesterday;

6.Canaccord raised MicroStrategy's target price from $173 to $300;

7.BNB Chain completed the 29th quarterly BNB burn, burning approximately $1.07 billion worth of BNB;

8.There were about 20 hacking incidents in the cryptocurrency field in October, causing losses of approximately $88.47 million.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14