Golden Evening News | Overview of important developments on the evening of November 8

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Cointime2024/11/08 13:11

By:Cointime

12:00-21:00 Keywords: SOL, Galaxy, Trump, Stacks

1. BlackRock's Ethereum ETF holdings exceeded 470,000 ETH;

2. SOL's market value surpassed BNB to become the fourth largest cryptocurrency by market value;

3. Galaxy Research Director: From a fundamental perspective, the market does not appear overheated;

4. Market news: The Trump administration is preparing to relax supervision of FDIC to some extent;

5. Barclays predicts that the Fed will only cut interest rates twice in 2025, each time by 25 basis points;

6. Stacks co-founder: Establishes new entity Bitcoin L2 Labs and raises $20 million in financing.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14