SOL breaks through the $220 mark

According to The Block, DeFi Technologies (stock code: DEFTF), a Canadian based fintech company, had a total revenue of CAD 24.2 million in the third quarter, and its cryptocurrency arbitrage trading platform DeFi Alpha had revenue of CAD 20.6 million, exceeding the benchmark estimate of CAD 16 million. This is a significant decrease from CAD 111.5 million in the previous quarter. Benchmark analyst Mark Palmer wrote in a report to clients: "After the end of this quarter, the trend supporting DEFI growth has become even stronger, as the US election results have brought a more positive environmental outlook to the cryptocurrency industry, driving the prices of Bitcoin and several other tokens to historic highs." Analysts said that the surge in cryptocurrency sentiment has had a huge impact on DeFi platforms, as the company's managed assets grew nearly 38% after the end of the third quarter, reaching CAD 1.1 billion on November 13th.

ETH has declined, with a trading volume of $37 billion in the past 24 hours and a circulating market value of $380.5 billion, representing a 1.90% decrease in market capitalization. Data for reference only

BlockBeats News: On November 16th, Bloomberg analyst Eric Balchunas posted on social media that the CFTC has just issued a notice clearing the way for the listing of spot Bitcoin ETF options. This is the second obstacle that needs to be cleared after the SEC. Now all you need to do is wait for OCC (Options Clearing Company) to list out the list.

Today, three cryptocurrency projects are unlocking tokens: CKB unlocks approximately 5.85 billion pieces (approximately 74.56 million US dollars), accounting for 2.437% of the total supply. The current circulation is 79.23 billion pieces, with a total of 240.21 billion pieces; ARB unlocks approximately 93.12 million pieces (approximately $56.31 million), accounting for 0.931% of the total supply, with a current circulation of 3.58 billion pieces and a total of 1 billion pieces; ADA unlocks approximately 18.52 million pieces (approximately 13.16 million US dollars), accounting for 0.041% of the total supply, with a current circulation of 38.34 billion pieces and a total of 45 billion pieces; If the unlocked tokens flow into the market or there is a tendency to sell, please pay attention to the market changes after the tokens are unlocked.

Odaily Planet Daily News: Bankless founder David Hoffman stated in an article on X platform that Ethereum's biggest weakness (fragmentation) will become its biggest advantage (composability). The future of Ethereum will allow blockchain to be composable like Layer 1's smart contracts, and the new blockchain will seamlessly integrate into the Ethereum economy, which is the ultimate situation.