1. “Ding Yifeng” issued “DDO Digital Options” suspected of fund-raising fraud. Sui Mouyi and others have been subject to criminal coercive measures

The Futian Branch of the Shenzhen Public Security Bureau issued a notice stating that “Ding Yifeng” and its affiliated companies issued false wealth management products and “DDO digital options” (which are “air coins”), engaged in illegal activities, and are suspected of committing a crime. In order to crack down on crime in accordance with the law and protect the legitimate rights and interests of investors, the public security authorities have taken criminal coercive measures against Sui Mouyi, Ma Mouqiu, and others in accordance with the law on suspicion of fund-raising fraud. Currently, the case is being further investigated. The police called on investors to actively cooperate with the public security authorities in the investigation and evidence collection, truthfully reflect the circumstances of the case, reasonably express their claims in accordance with the law, and disbelieve or spread rumors.

2. Bitcoin miner Marathon and Riot's monthly production hit the highest level since being cut in half

Bitcoin miners Marathon Digital and Riot Platforms just announced that their monthly Bitcoin production hit the highest level since Bitcoin halved in April, marking a strong rebound since miner rewards were halved. Among them: Marathon produced 717 bitcoins worth 48.8 million dollars; Riot mined 505 bitcoins worth 34.4 million dollars in October, an increase of 22.6% over the previous month.

3. On November 5, the US Bitcoin ETF had a net outflow of 5,500 BTC, and the Ethereum ETF had a net outflow of 13,269 ETH

According to Lookonchain monitoring, on November 5, the US Bitcoin ETF had a net outflow of 5,500 BTC, and the Ethereum ETF had a net outflow of 13,269 ETH.

4. Bloomberg ETF Analyst: BTC's sudden rise may be a reaction to the US presidential election

Bloomberg ETF analyst Eric Balchunas wrote on the X platform that BTC's sudden and instantaneous rise today may be a reaction to the US presidential election. Eric Balchunas added, “If anyone thinks Bitcoin isn't a good indicator to watch today, please let me know why. To me, BTC seems like a clean indicator because it's an issue in the campaign, and stocks and bonds aren't that important, but I'm open to other ideas.”

5. Trump's election may set off the Bitcoin market, and the odds and prediction platform suggests a higher chance of winning

According to data from the decentralized prediction market platform Polymarket, the probability of former President Trump's victory in the 2024 US election has climbed to 61.8%. According to reports, Polymarket reflects the market's expectations for various events through user bets. Unlike traditional polls, such platforms pay more attention to changes in capital flows and market sentiment. They have attracted more than 3 billion US dollars of “real money” support, and have become an effective reference for analyzing the political situation, and are also more persuasive. Trump's odds are currently 1.57, while Harris' odds are 2.5. These odds data reflect the differences in the global market's confidence that the two candidates will win, and also indicate that Trump is likely to be elected! Trump's election as President of the United States will have an important impact on the Bitcoin market. As Trump is likely to be elected, because he promised to use Bitcoin as the country's strategic reserve, the net inflow of Bitcoin ETFs has reached 2.3 billion dollars in the past week, indicating that the market is optimistic about Trump's election and Bitcoin. His victory will give Bitcoin a big boost and strong benefits! A number of senior market analysts said: When there are no results in the election, it is the best chance to enter the market! Market volatility is intensifying, and investments need to be rational.

6. Matrixport: Bitcoin's market dominance steadily increased from 50% to 60% in 2024

Matrixport stated in an article on the X platform that, driven by multiple favorable factors, Bitcoin's market dominance steadily increased from 50% to 60% in 2024. This trend reflects Bitcoin's strong support throughout the crypto market. More and more traditional finance (Trade Fi) investors are allocating Bitcoin through ETFs, and the share of CME Bitcoin futures open positions in the total Bitcoin futures trading volume is also growing significantly. At the same time, altcoins are limited by declining user activity and pressure to unlock tokens, in stark contrast to the explosive growth of the 2020-2021 DeFi boom period. Today, investors are seizing the opportunity to gradually move crypto assets to Bitcoin, which validates Michael Saylor's view: “The only option is the best option.”

7. Tether CEO: The blockchain market is becoming increasingly saturated and will almost become a commodity in the future

Tether CEO Paolo Ardoino believes that the blockchain market is becoming increasingly saturated and that “blockchain will almost become a commodity in the future”, and Tether is more willing to maintain an attitude unrelated to blockchain and focus on the highest level of security and sustainability. This strategy allows Tether to maintain its dominant position in the stablecoin market while adapting to the changing digital asset landscape, with the aim of strengthening its market position and continuing to provide safe and efficient solutions for its users.

8. Foreign media: CZ's plea agreement did not include a “lifelong” ban on managing cryptocurrency exchanges

According to Bitcoinist, Binance founder CZ recently denied reports that he was banned “for life” from managing cryptocurrency exchanges when detailing his prospects and relationship with Binance, and stated that last year's plea agreement did not include a ban. Also, according to the South China Morning Post, CZ can still request information about Binance. Additionally, CZ revealed that he met several friends while serving his sentence and is still in touch with them. He is trying to help some of them file lawsuits through legal means, hoping to get them out of jail soon.

9. Zhao Changpeng: Optimistic about investment opportunities in the Middle East. In addition to blockchain, it is also deployed in fields such as AI and biotechnology

According to Caixin, Binance founder Zhao Changpeng (CZ) said while attending the 2nd Gulf Investment Forum in Bahrain on November 3 that Bahrain, as one of the crypto-friendly countries, is not well known, but it has become an important location for Binance. After receiving a crypto asset service provider license granted by the Central Bank of Bahrain (CBB), Binance also obtained a banking license and opened a local fiat currency entry and exit channel. In addition, Zhao Changpeng mentioned the Hong Kong market's exploration of real-world assets (RWA), but since RWA prices fluctuate less and liquidity in the secondary market is limited, innovative use cases are needed to enhance liquidity. He said he is optimistic about investment opportunities in the Middle East. In addition to blockchain, it will also be deployed in fields such as AI and biotechnology in GCC countries. He also explained, “I don't represent Binance; I only represent my own investments.”

10. Analyst: The worst case for risky assets like crypto is “delayed or disputed election results”

Bohan Jiang, head of OTC options trading at Abra, said that the worst case scenario for risky assets, including cryptocurrencies, is “Delayed or disputed in the US election — similar to the 2000 election — when the results are unknown for weeks, this will cause risky assets to be sold off during this period, and the volatility of the event will continue for the next few weeks until we get a definitive result.”

11. Christopher Hui: Hong Kong has successfully issued government green bonds with a total value of 220 billion yuan, including tokenization and various forms

The Secretary for Financial Services and the Treasury of Hong Kong, Mr Christopher Hui, said during his visit to Zurich, Switzerland, that Hong Kong will consult with the industry to increase the types of transactions eligible for tax relief to cover emission derivatives/emission limits, insurance-linked securities, loans and private equity investments, virtual assets, etc. He also said that green bonds issued by the Hong Kong government have successfully issued government green bonds with a total value of 220 billion dollars, including retail, institutional and tokenized bonds.

12. The ratio of ETH to BTC market capitalization fell to 24.52%, the lowest since April 2021

According to The Block data, the market capitalization ratio of ETH to BTC has fallen to 24.52%, the lowest level since April 2021, and a sharp drop from 32.7% in early 2024. According to reports, this indicator is an indicator that measures the relative market sentiment and capital flow between the two major cryptocurrency assets. This decline reflects Bitcoin's growing dominance in price performance and institutional interest, particularly as investors continue to accept cryptocurrencies through ETF products. Traditional financial companies have shown a clear preference for Bitcoin. Among them, IBIT and other Bitcoin ETFs have attracted significant inflows, while Ethereum ETF products have received relatively little interest.

13. Split Capital founder: US elections are expected to have a greater impact on altcoins

Smaller cryptocurrencies such as Doge and Solana have generally underperformed as Bitcoin for most of this year, but they may become the riskiest cryptocurrencies after the US presidential election is over. Zaheer Ebtikar, founder of cryptocurrency fund Split Capital, said: “For Bitcoin, the election results are unimportant. But if Harris wins, altcoins (cryptocurrencies other than Bitcoin and Ethereum) probably won't bounce back that much; they are the biggest winners or losers in this election.” Ebtikar added that if Harris wins, it could mean that the regulatory crackdown on the crypto industry will be stronger, while Bitcoin and Ethereum are likely to survive as these two cryptocurrencies are considered more decentralized than others. During the campaign, Republican candidate Trump took a strong pro-cryptocurrency stance, while Democratic opponent Harris promised to support the establishment of a regulatory framework for digital assets. Cryptocurrency supporters generally believe that a Trump win would be more beneficial to the crypto industry. Other traders believe that regardless of the election results, it will generally be good news for the cryptocurrency market. Shiliang Tang, president of Arbelos Markets, said: “In the medium term, we think the market will continue to rise no matter who wins, as we will shift our focus from the election back to macroeconomics and the Federal Reserve.”