A list of important developments at noon on November 2

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Cointime2024/11/02 04:11

By:Cointime

7:00-12:00 Keywords: Hong Kong, SEC, IRS

1. Chen Haolian: Hong Kong has strong potential for Web3 development;

2. pump.fun transferred 90,000 SOL to Kraken 4 hours ago;

3. SEC crackdown causes cryptocurrency companies to lose $426 million;

4. Web3 companies raised $5.4 billion in funding in the first three quarters of 2024;

5. The US Internal Revenue Service requires taxes to be paid on cryptocurrency rewards received in the year they are received, before account freezing;

6. US non-farm payroll data for October was disappointing, leading traders to increase their bets on a 25 basis point interest rate cut by the Federal Reserve;

7. Over 12,000 BTC worth over $830 million flowed out of two bitcoin products under WisdomTree.

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.

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- 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