Bitcoin was priced at $75,900 on Sunday, down nearly 3% for the week.

Bitcoin was priced at $75,908 at 19:32 (UTC+8) on Sunday, essentially flat over the past 24 hours, but down 2.9% over the past seven days.

In a post on the X platform, Vitalik Buterin stated that to support Ethereum's market capitalization of approximately $270 billion through transaction fee burning, Ethereum would be equivalent to a large corporation like L'Oréal, ranked around 55th in market capitalization. He estimated that L'Oréal's annual R&D expenditure accounts for about 0.58% of its market capitalization; if Ethereum were to invest at this rate, it would need to allocate approximately 700,000 ETH annually through its protocol, reducing validator revenue by about two-thirds. Vitalik stated that large corporations require continuous investment and governance, and for Ethereum to maintain its competitiveness in the long term, it would need highly interventionist governance, which is incompatible with decentralization and capture resistance. He also pointed out that optimizing fee burning might lead to higher gas prices, making it unusable for some users. Pricing that maximizes the product of price and usage will result in less usage than pricing that maximizes usage within the resource constraints of a secure blockchain.

[Vitalik Buterin: ETH Should Focus More on its Store of Value Role] Ethereum co-founder Vitalik Buterin stated that ETH should focus more on its store of value function rather than positioning itself as a fee-burning token. Buterin believes that the fee-burning narrative has limited impact, and optimizing around this goal may struggle to balance decentralization and anti-capture capabilities. A store of value role aligns with Ethereum's decentralized advantages, and the stability these advantages provide has real value for asset holders. He supports retaining EIP-1559 and its burning mechanism, but believes that even if fee burning remains below 10% of the break-even point for an extended period, there's no need to be disappointed, as ETH's value comes from other aspects.

Allora (ALLO) is expected to unlock approximately 160 million tokens on November 11 at 21:00 (UTC+8), representing approximately 65.56% of the circulating supply, with a value of approximately $23.7 million. Aztec (AZTEC) is expected to unlock approximately 797 million tokens on November 13 at 08:00 (UTC+8), representing approximately 31.81% of the circulating supply, with a value of approximately $10.3 million. YZY (YZY) will unlock approximately 29.17 million tokens on November 14th at 11:00 (UTC+8), representing approximately 4.12% of the circulating supply, with a value of approximately $8.4 million. Starknet (STRK) will be unlocked on November 15 at 08:00 (UTC+8).

Crypto analyst Darkfost noted that tokenized gold trading has rebounded against the trend amid a weakening crypto market. Binance Gold-supported products have accumulated over $8 billion in trading volume since their launch; excluding the initial peak trading volume, the past 7 days have seen a record high trading volume exceeding $325 million, with a single-day trading volume of $78 million on November 5th. Darkfost notes that gold prices have corrected by more than 30% since the beginning of the year and are currently stabilizing around $4,000 per ounce.