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No results1Bitget Daily Digest (Nov 11)｜Uniswap Proposal Activates Protocol Fee Switch & UNI Burn; Monad Announces Tokenomics, 3% Airdropped to Community; Strive Increases BTC Holdings to 7,5252Zcash may see ‘violent end’ as ZEC price rallies 1500% in just two months3Bitcoin ‘double bottom’ eyes $110K, but CME gap may postpone rally
Flash
- 09:45Willy Woo: In the era of large-scale quantum computers, Bitcoin Taproot addresses (the latest format) are not secureJinse Finance reported that Willy Woo tweeted that in the upcoming and daunting era of large quantum computers, you still need to protect your public key. Essentially, large quantum computers can derive your private key from your public key. Today's Taproot addresses (the latest format) are not secure; these addresses start with "bc1p" and embed the public key into the address, which is not good. Previous formats hid the public key behind a hash, so large quantum computers could not easily crack them.
- 09:38Data: F drops over 13% in 24 hours, FET rises over 9%According to ChainCatcher, spot market data from a certain exchange shows significant market volatility. F has dropped by 13.72% in the past 24 hours, while FET has risen by 9.3% in the past 24 hours, both showing a rebound after bottoming out. In addition, tokens such as CAKE, LSK, and MTL have all experienced a "surge and pullback" pattern, with declines of 5.56%, 9.73%, and 8.32% respectively. Meanwhile, FLM, FLUX, and TREE have also shown a rebound after bottoming out, with gains of 6.28%, 8.91%, and 7.17% respectively.
- 09:28CryptoQuant: Market deleveraging is approaching a critical point, analysts see it as a buy signalAccording to ChainCatcher, market sources report that analyst GugaOnChain stated that the open interest (OI) in the cryptocurrency market has dropped by 11.32%, approaching the critical threshold of 12%, which is seen as a strong buy signal. This deleveraging indicates that the market is clearing excessive speculative leverage, and historically, such events have been considered a necessary process for a healthy market "reset." Bitcoin has previously experienced OI declines ranging from 8% to 19%, with the total open interest dropping by more than 10 billions USD in extreme cases. Although current market sentiment may still be in a state of "extreme fear," major financial institutions such as JPMorgan believe that after large-scale leverage clearing, Bitcoin has "significant upside potential." Analysts believe that the current market is building a more stable foundation, creating favorable opportunities for long-term investors.