[Polygon Co-Founder: Stablecoins Will Strengthen the Dollar in the Short to Medium Term] Polygon co-founder Sandeep Nailwal posted on the X platform, stating that stablecoins will make the dollar stronger in the short to medium term, contrary to the prediction of Bridgewater Associates founder Ray Dalio. He pointed out that stablecoins not only continuously create demand for U.S. Treasury bonds but are also reshaping the relationship between the dollar and the global economy, shifting from B2B to B2C. Nailwal believes that Dollarization 2.0 is happening globally, with economic systems in regions like Latin America and Africa being restructured around the digital dollar. National monetary sovereignty in various countries is under pressure, and there is a need to promote 'open' local stablecoins to maintain competitiveness.
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More >Bitcoin and Ethereum spot ETF: Net inflow of over $250 million on November 6th
On November 6th, the net inflow of Bitcoin spot ETF was $239.9 million, and the net inflow of Ethereum spot ETF was $12.5 million. In addition, the SOL spot ETF had a net inflow of $29.2 million on the same day. （Cointelegraph）
Ether Falls to $3,331 as Support Snaps Amid $1.37B Whale Accumulation
A sharp 3.3% decline pushed ether below a key support level, but institutional whales bought the dip, signaling long-term confidence despite technical breakdowns.
Glassnode 联合创始人：比特币“四年周期”已失效，正转型为宏观流动性驱动资产
**[Glassnode Co-Founder: Bitcoin's "Four-Year Cycle" Has Failed, Transforming into a Macro Liquidity-Driven Asset]** Glassnode co-founder Negentropic stated that Bitcoin's "four-year cycle" model is no longer applicable. As Bitcoin gradually evolves into a more mature asset, its volatility has significantly decreased, and it has become more deeply integrated into global macro investment portfolios. This change is not a flaw but a natural result of the asset's growth in scale and stability. Negentropic pointed out that Bitcoin's market performance is gradually moving away from being influenced by structural supply factors (such as halving events and miner selling pressure) and is instead being driven by liquidity, credit cycles, and macroeconomic trends. He also emphasized that outdated mental models could become a weakness for retail investors, as market behavior often leverages public consensus as a tool. While the "four-year cycle" still exists, it has become a strategic tool in the crypto market targeting retail investors.
Yesterday, the net inflow amount of spot BTC ETF hit a new high in nearly a week
According to AiCoin monitoring, the net inflow of US spot BTC ETF reached $240 million yesterday, the highest daily net inflow since October 29th. Among them, IBIT had the largest inflow of funds, reaching $112 million; Next is FBTC, with an inflow amount of 61.6 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only
交易所稳定币储备一个月内增长近100亿美元
[Stablecoin Reserves on Exchanges Increase by Nearly $10 Billion in One Month] On-chain data shows that over the past month, stablecoin reserves on cryptocurrency exchanges have significantly increased, with a cumulative growth of approximately $10 billion. This trend indicates that market participants are converting crypto assets into stablecoins, potentially reflecting a demand to hedge against price volatility or prepare for subsequent trading activities.