Odaily News According to the monitoring of on-chain analyst Yu Jin, the ETH band whale sold 11,257.7 ETH bought at an average price of $3,560 yesterday, and exchanged all of them for $41.07 million USDT 20 minutes ago. This round of transactions was sold at an average price of $3,649, making a profit of $1 million in a single day. This address has completed 19 rounds of band transactions, with a score of 15 profits and 4 losses.

Odaily News UniversalX (universalx.app) is the first chain abstraction trading platform. Users can mix tokens of any chain to buy and sell on-chain assets (including Meme), with near real-time settlement, no cross-chain bridging required, and can use any token as Gas. The online version supports nearly 20 chains. For example, you can directly use SOL to buy Meme on Base, or use USDT on the Ethereum mainnet to buy Meme on Sol. This trading platform: - 100% full-chain design and non-custodial. - Integrates all major EVM chains and Solana. - Supports direct purchase of any token on any chain with fiat currency. Users can now use Web App, Telegram Mini App or download the mobile version in the Google Store. Built on Particle Networks chain abstraction infrastructure Universal Account.

Odaily News Data from cryptocurrency market data platform Coingecko shows that the price of STEPN game tokens has risen from a low of $0.01029 in November this year to the current $0.02705, an increase of 162.9%.

Odaily News OKX market data shows that STX rose to 2.73 USDT this morning and is currently trading at 2.588 USDT, with a 24-hour increase of 7.29%.

Odaily News Bitget CEO Gracy Chen was invited to attend an interview with Bloomberg TV. In the interview, Gracy mentioned that Bitcoin fluctuated around the $100,000 mark, reflecting the strong arbitrage sentiment in the short-term market. She pointed out that, especially for some whale users who started to build positions since 2022, their average holding cost was only about $20,000. Although the future cryptocurrency regulation in the United States may tend to be relaxed, the relevant uncertainty is still an important consideration for investors, and some investors choose to take profits at the current price. At the same time, Bitcoins recent performance has provided more opportunities for altcoins. However, regarding the news circulating in the market that altcoin ETFs such as DOGE and SOL may be approved soon, she believes that there are still multiple challenges: First, the order of approval. Based on the experience of Bitcoin and Ethereum ETFs, the mainstream market usually passes futures ETFs first, and then passes spot ETFs of related assets, and these altcoin futures ETFs have not yet been approved; second, regulatory differences. Some regulators still have disputes over whether tokens such as SOL are securities, which may affect the relevant approval process. Third, there is the risk of market manipulation. Most altcoins are not as decentralized as BTC and ETH, and the possibility of market manipulation is relatively higher.

Odaily News Global investors have long valued South Korea at a discount to other markets, citing tensions with North Korea and the tight structure of South Korean conglomerates - and this weeks political developments gave them reason to further undervalue the country. For investors, the martial law incident is a reminder of why South Korean stocks and the won have lagged global markets for months. Long-term, the martial law incident will exacerbate the Korea discount, which is the higher risk premium for trading South Korean-related assets, stocks, currencies and bonds, said Daniel Tan, a portfolio manager at Grasshopper Asset Management in Singapore. Investors need a higher risk premium to invest in the won and South Korean stocks. (Jin Shi)

Odaily News Crypto wallet Safnect Wallet announced that it has successfully completed its seed round of financing and received strategic investment from Bitcoin ecosystem UniSat.

Odaily News AscendEX (formerly BitMax) will launch POWSCHE (POWSCHE) for the first time at 03:00 on December 5, opening the POWSCHE/USDT trading pair, and now it is open for deposits and withdrawals. AscendEX (formerly BitMax) is the first and most comprehensive trading platform for Memecoin on the entire network. The Meme Research Institute team under the platform selects high-quality Memes for listing based on on-chain data and project background. The platforms Memecoin first listing rate is as high as 80%.

Odaily News Ali, a crypto analyst, wrote that if ETH pulls back, the $3,300 support level is a potential buying opportunity. ETH sees $6,000 in the medium term and $10,000 in the long term.

Odaily News Chain abstraction L1 XION officially released the white paper and token economics. The total supply of XION tokens is 200 million, and the initial circulation is 25,559,333, accounting for 12.78%. Among them, ecological incentives and project incubation account for 23%, strategic investors account for 26.81%, the team accounts for 20%, protocol development and foundation account for 15%, and the community and Launch account for 15.19%. As a utility token, XIONs functions include: network Gas, node staking, governance, cross-chain fee settlement, mortgage and liquidity. XION supports a new type of Proof-of-Abstraction consensus mechanism, which improves security through abstraction and solves the trade-off between security and accessibility in traditional Proof-of-Stake.