Greenidge: Stock price rises after resolving New York licensing dispute

[Uniswap Team Proposes to Activate Protocol Fee Switch] On November 11, Uniswap Foundation Executive Director and Co-Founder Devin Walsh, together with Uniswap Founder Hayden Adams, jointly proposed a governance proposal to activate protocol fees and achieve unified incentive mechanisms within the Uniswap ecosystem.

Uniswap plans to activate a fee switch while reducing the supply of UNI tokens, which may affect market liquidity. The current market value of UNI is $713.1 million, and further confirmation is needed regarding this information. （BWEnews）

[Whale Address Buys 23,501 ETH and Borrows 40 Million USDT to Transfer to Binance Today] On-chain data shows that a whale address bought 23,501 ETH today, valued at approximately $82.63 million. Previously, this address accumulated 257,543 ETH during market downturns. Additionally, the address has newly borrowed 40 million USDT and transferred it to Binance, possibly preparing for further position increases.

**[Kynikos Founder Jim Chanos Closes MSTR and Bitcoin Hedge Trade]** Jim Chanos, founder of Kynikos Associates, has announced the closure of his hedge trade involving MSTR stock and Bitcoin. The trade was established in May, betting on the narrowing of the premium between MSTR's stock price and the value of its Bitcoin holdings. Currently, MSTR's price-to-book ratio has dropped from its yearly high of 1.8x to 1.1x, with the premium shrinking by over 50%. Chanos had previously warned about SPAC-style speculative risks for companies holding Bitcoin, arguing that their valuation premiums lack fundamental support. He also criticized other Bitcoin treasury companies for relying on financial engineering, cheap capital, and market frenzy in their trades.

[JPMorgan Private Bank Predicts Gold Prices Could Reach $5,200-$5,300 by End of 2026] JPMorgan Private Bank stated that gold prices might reach $5,200 to $5,300 per ounce by the end of 2026, representing an increase of over 25% from current levels. Alex Wolf, the bank's Global Macro and Fixed Income Strategy Head, pointed out that sustained purchases by central banks in emerging market economies are the primary driving force. Global central bank gold purchases have been a key factor in the rise of gold prices over the past two years. In October this year, gold prices hit a historic high of over $4,380, and although they have recently retreated, they have still risen by more than 50% year-to-date. Wolf added that the proportion of gold in the foreign exchange reserves of many emerging market central banks remains relatively low. While rising prices may slow the pace of purchases, the trend of accumulation continues.