US Senator Lummis: Market Structure is Key to Digital Asset Legislation
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US Senator Cynthia Lummis stated that market structure is the most important component in the legislative history of digital assets in the United States, emphasizing its central position in the regulatory framework. （Cointelegraph）
[Long-term holders sell 400,000 BTC, potentially extending market correction until next spring]
The recent decline in Bitcoin is primarily due to large-scale selling by long-term holders, rather than leverage liquidations. Approximately 400,000 BTC have been cashed out over the past month, amounting to $45 billion. The significant reduction in whale holdings may lead to the market correction lasting until next spring.
In the past 24 hours, the total amount of liquidation in the cryptocurrency market exceeded 2.1 billion US dollars, with a liquidation amount of 1.68 billion US dollars for long positions and 419.8 million US dollars for short positions. （Cointelegraph）
[Mining company MARA transfers 2,348 Bitcoins within 12 hours]
On November 5, according to monitoring by Lookonchain, mining company MARA transferred a total of 2,348 Bitcoins, valued at $236 million, to FalconX, TwoPrime, Galaxy Digital, and Coinbase Prime within the past 12 hours. Previously, MARA had been continuously accumulating Bitcoin.
[Coinbase Embedded Wallet Adds Support for Google, Apple, and X Login]
On November 5, Coinbase CEO Brian Armstrong announced that the Coinbase Embedded Wallet now supports login via Google, Apple, and X.
[Smart Money Address Buys 16.27 Million DOGE-1 with 100 SOL]
According to monitoring by Lookonchain, the smart money address 'god.sol aka Mitch,' which previously profited $2.8 million from trading meme coins, spent 100 SOL (approximately $148,000) about an hour ago to purchase 16.27 million DOGE-1. Earlier, Musk posted that 'it's time' to send Dogecoin to the moon, after which the meme token DOGE-1 surged by approximately 300%.