AiCoin Daily (November 17th)

[Crypto Market Broadly Declines, BTC Falls Below $95,000, PayFi and CeFi Sectors Rise Against the Trend] According to SoSoValue data, the crypto market showed an overall downward trend today. BTC fell 0.14%, dropping below $95,000, while ETH declined 0.52%, currently trading at approximately $3,100. PayFi and CeFi sectors rose against the trend, recording gains of 0.79% and 0.52%, respectively. Among them, TEL surged 10.72%, XNO rose 6.35%; ASTER increased by 11.96%, and OKB climbed 2.30%. Additionally, STRK rose 9.93%, PENDLE gained 5.14%, and ZEC increased 4.40%.

[Real Vision Founder: The Federal Reserve May Adjust Policies to Address Liquidity Crisis] On November 17, Real Vision co-founder and CEO Raoul Pal stated that the Federal Reserve might be forced to take action this week to prevent a funding crunch crisis at the end of the month and year. He believes the current crypto market resembles a squeezed financing tool, with prices heavily discounted. Meanwhile, U.S. equities are temporarily supported by buybacks and year-end portfolio rebalancing, but if the issue is not resolved in time, the situation from 2018/19 could repeat itself. Raoul Pal pointed out that the Treasury aims to control liquidity by encouraging banks to increase lending, rather than relying on the Federal Reserve's quantitative easing policy, in order to stimulate the general public while also increasing the value of collateral. He believes liquidity management has become a political game and concluded that U.S. policymakers will 'fix the pipes before opening the floodgates; asset inflation is merely delayed, not absent.'

Circle has newly minted $750 million in USDC, and recently Tether and Circle have minted a total of $14 billion in stablecoins after the 1011 market crash. （Lookonchain）

[Decentralized Social Media App Hey Announces Halt in Development] The decentralized social media app Hey (formerly Lenster) will cease development due to limited funding. According to the official statement, the annual profit from Hey Pro and Hey Names totals approximately $41,000, which is insufficient to support the team in operating the platform at the scale expected by users. The team emphasized that Hey has never promised tokens or airdrops, nor was it designed for mining, but rather as a social client based on Lens. Hey has been in continuous operation for four years, with its code remaining open-source, no lock-in terms, or hidden interests. The team has committed to handling refunds and providing explanations publicly.

BBX News: Last week, global listed companies continued to advance their cryptocurrency asset allocation: ZEC Privacy Assets Breakthrough: Cypherpunk (NASDAQ: CYPH) (formerly Leap Therapeutics), a Nasdaq listed company, spent $50 million to purchase 203000 ZECs and transform into a ZEC treasury company, receiving $58.88 million in private equity support from Winklevoss Capital. BTC Treasury Expansion: Matador Technologies (TSXV: MTTK) from Canada used CAD 13.2 million in the first phase to purchase 92 BTC (average price of USD 102752), with a total holding of 175 BTC; Completed $10.5 million convertible bond financing, with a target of holding 6000 bonds by 2027. Ecological diversification: VCI Global (NASDAQ: VCIG) acquires $100 million OOB tokens; Republic Technologies has secured $100 million in convertible bond financing, with a focus on expanding its ETH treasury. The institution disclosed a weekly investment and financing amount of over 160 million US dollars, with privacy assets merging with mainstream currencies. Source: bbx.com