Odaily: DeFi researcher Ignas posted on X that the crypto market currently appears to lack new narratives capable of driving short-term rallies. Although institutional adoption of crypto technology continues to advance, traditional financial institutions often do not need to directly purchase crypto tokens to capture most of the benefits, so the investment logic of betting on institutional adoption through tokens is limited in appeal, and the real upside may be more concentrated in equities and private markets.More concerning is that many crypto tokens appear to be reduced to "payment tools" for institutional partnerships rather than genuinely accumulating value from those partnerships, and ordinary token holders may instead become the exit liquidity. Citing HYPE and AVAX as examples, he said the trading logic for HYPE driven by NYSE-related news may already be priced in, and it remains to be seen how licenses are implemented and their actual impact on buybacks; while AVAX has a partnership with the NYSE, how much value its provision of core ledger technology to the NYSE can actually bring to the AVAX token still needs to be verified.If the market sees expectations of monetary easing, Bitcoin may rise, but this may be difficult to occur before the AI bubble bursts, and an AI market crash could also hit crypto assets first. In addition, the altcoin speculative market continues to shrink, and market hype, FOMO sentiment, and project team harvesting narratives are gradually losing funding support.Looking to the medium and long term, Ignas still believes the crypto industry will continue to exist, but it may face challenges in the future such as the U.S. Democratic Party taking a tougher stance on the crypto industry and rising interest rates putting pressure on risk assets. He concluded by saying that this bearish comment itself may instead constitute a bullish signal worth noting, because when the market broadly wants to sell, it may be exactly the time worth considering buying.

Odaily reports: The New York Stock Exchange will adopt Avalanche as the core ledger technology for its planned tokenized securities platform, which will support round-the-clock trading, clearing, and settlement, and still requires regulatory approval. Ava Labs announced on Monday that the platform is being developed by Intercontinental Exchange, the parent company of the NYSE.GSR research analyst Carlos Guzman said the selection enhances Avalanche's institutional credibility; Luther Maday, head of North America at crypto payment company Mercuryo, noted that the decision was made after roughly a year of testing, indicating the network passed checks on performance, reliability, and control.The platform will run on dedicated Avalanche infrastructure rather than the public C-Chain that carries the majority of network activity, and transactions will still be conducted off-chain. Analysts said infrastructure adoption may not necessarily translate into long-term appreciation of AVAX value; the specific utility of AVAX within the dedicated infrastructure remains worth watching. (Decrypt)

Odaily reports that on November 10, WEEX, the crypto exchange, announced the launch of its Double 11 Shopping Festival campaign for new users, offering more rewards for more trading, with subsidies of up to 888 USDT. During the campaign period, new users who make a net deposit of ≥ 100 U and choose any of XRP/TRX/ZEC/AVAX/ONDO for their first spot trade (no trading volume requirement) will receive a 10 USDT reward; after completing Task 1, users who accumulate a BTC spot trading volume of ≥ 1,000 U can unlock a subsidy of 8-888 USDT; those who activate Auto-Earn for the first time will immediately receive a 1,000 USDT interest rate boost voucher.

Odaily Sees: On November 10, according to SoSoValue data, crypto market sectors showed mixed performance. The AI sector rose 2.84% in 24 hours, with Pieverse (PIEVERSE) up 39.00%, while Kite (KITE), Venice Token (VVV), and Unibase (UB) gained 8.46%, 6.99%, and 6.10%, respectively.Among other sectors, SocialFi rose 3.63%, with Gram (GRAM) up 4.13%; DeFi rose 0.48%, with Jupiter (JUP) up 7.36%; Layer2 rose 0.18%, with Celestia (TIA) up 2.00%; CeFi rose 0.03%, with Aster (ASTER) up 0.98%; Meme was flat at 0.00%, with Useless Coin (USELESS) up 5.86%. Layer1 fell 0.50%, while Avalanche (AVAX) surged 8.18% intraday; PayFi dropped 2.13%, with Zcash (ZEC) down 5.74%.Among the crypto sector indices reflecting historical sector performance, the ssiAI, ssiSocialFi, and ssiGameFi indices rose 3.96%, 3.29%, and 1.94%, respectively.

Odaily reports that according to Onchain Lens monitoring, Grayscale holds 834,900 AVAX, valued at $7.2 million.

Odaily reports that according to Onchain Lens monitoring, NYSE will settle tokenized stocks via Avalanche. Meanwhile, a Hyperliquid whale holds a 12,090 AVAX short position at an entry price of $42.12, with unrealized profit of $404,900 and a return rate of 795%. AVAX is currently priced at $8.63.

Odaily: Charles Schwab has announced that the Schwab Crypto platform now supports trading for three additional tokens: Solana (SOL/USD), Avalanche (AVAX/USD), and Chainlink (LINK/USD). Together with the existing Bitcoin and Ethereum offerings, clients can now trade five digital assets through the platform.

Odaily: Coinbase has announced that Coinbase Prime now offers regulated global crypto options and perpetual contract trading services to institutional clients in the United States and other eligible jurisdictions, with U.S. and global traders sharing a unified liquidity pool. The service integrates Deribit's liquidity, supports more than 20 assets including BTC, ETH, SOL, XRP, AVAX, and HYPE, and allows BTC, ETH, and USDC to be used as collateral, with more assets to be supported in the future. The related derivatives are provided by Coinbase Financial Markets, a CFTC-registered futures commission merchant, and the scope of services is subject to client eligibility and jurisdictional restrictions; Deribit does not directly provide services to U.S. customers.

Odaily: Coinbase posted on X that Coinbase Prime now has access to liquidity from Deribit, the world's largest crypto options exchange, and supports more than 20 assets, including BTC, ETH, SOL, XRP, AVAX, and HYPE. The platform currently supports BTC, ETH, and USDC as collateral, with more assets to be added gradually.

Odaily report: According to Arkham monitoring, a wallet associated with Selini Capital has once again bought 57,771 AVAX from Binance, worth over $500,000. As of now, this wallet has maintained net buying for six consecutive days, with cumulative AVAX tokens purchased through Binance exceeding $5 million in value, at an average purchase price of approximately $8.785. After each AVAX purchase, the wallet transfers the tokens to a 6/6 multisig wallet managed by Selini Capital.