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01:44

Sonic Labs announces next phase plans: introducing a tiered fee monetization structure, opening an office in New York, and more.

PANews November 12th News, Sonic Labs CEO Mitchell Demeter shared the project's next phase plans on the X platform. Demeter stated that Sonic currently has sufficient funding, with no liquidity concerns, and possesses the resources needed to execute long-term plans. In this development phase, Sonic will be driven by practical use cases, clear economic benefits, and continuous delivery of results, rather than speculative activities. Additionally, Sonic plans to improve its tokenomics to achieve deflation and intends to introduce a new layered fee monetization (FeeM) structure, with reward levels ranging from 15% to 90%. Of this, 10% will be allocated to validators, while the remaining portion will be burned. This initiative aims to reward actual usage and network activity while promoting deflation. Sonic is also advancing plans to establish an office in New York City to
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SONIC-5.33%
02:14

If UNI activates fee conversion, its 30-day buyback amount will reach $38 million.

Odaily Planet Daily reports that Megaeth member @bread posted on the X platform stating that based on historical data, if UNI initiates fee conversion, the 0.3% LP fee will be split into 0.25% (LP) and 0.05% (UNI). Based on an annualized fee of approximately $2.8 billion, UNI's buyback amount every 30 days will reach about $38 million. This amount will surpass PUMP's $35 million but is lower than
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UNI-4.58%
PUMP-10.27%
HYPE-4.86%
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03:57

ZKasino founder: Approximately 35% of user ETH refunds have been processed, with plans to process another 40% next week.

ZKasino founder Derivatives Monke posted on the X platform that approximately 35% of ETH refund requests from ZKasino bridging users have been processed, involving around 2,500 addresses. Users can check their ETH on zkSync Lite or zkSync Era. Due to high Ethereum Gas fees, refunds are being processed through the aforementioned networks. Next week, an additional 40% of requests are planned to be processed, bringing the total to 75%. For large withdrawals, KYC and other procedures will be required.
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ETH-3.97%
04:13

Analyst Willy Woo: Not every time a Bitcoin OG is active is it a sell-off; there are three common misconceptions that are mistaken for selling.

PANews November 9th – According to Cryptoslate, regarding a chart shared by Charles Edwards, co-founder of Capriole Investments, on the X platform, indicating that Bitcoin OGs are cashing out. On-chain analyst Willy Woo tweeted that not every move by OGs should be interpreted as a sale. He highlighted three key points often misunderstood as sales but may be unrelated to price-driven liquidations: Address upgrade: Many OG holders are transferring tokens from traditional addresses to Taproot addresses for security reasons (not for cashing out). Custody rotation: Tokens may be transferred to institutional custody (e.g., Sygnum).
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BTC-2.59%
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14:24

1confirmation founder: Silicon Valley VCs have been trying to dominate the crypto industry, but have failed to succeed due to investing in "zero-sum game" projects.

Nick Tomaino stated on X that Silicon Valley venture capitalists attempted to dominate the cryptocurrency industry, but most failed between 2021 and 2023 due to investing in unprofitable projects. In contrast, Bitcoin and Ethereum, which they did not invest in, have a combined market capitalization of over $2.5 trillion.
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BTC-2.59%
ETH-3.97%
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11:05

MLM: The Hyperliquid team is testing a protocol called BLP.

PANews November 8 News, according to MLM's post on the X platform, the Hyperliquid team is currently testing a protocol called BLP on the Hypercore testnet. It is speculated that BLP stands for BorrowLendingProtocol, a lending protocol. It appears to be a native lending market on Hypercore, with functions such as borrowing, providing, and withdrawing. Currently, this market on the testnet only supports USDC and
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USDC0.01%
PURR-4.97%
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02:16

Balancer issues a final warning to the $100 million hacker on Wednesday, offering a reward to recover stolen funds.

Golden Finance reports that Balancer posted on platform X stating, "On Wednesday, we sent on-chain messages to all known addresses involved in the attack this Monday, following best practices, and provided the hackers with a way to contact us and return the funds. We understand that affected users are awaiting further updates. As the investigation progresses, we will continue to provide the latest information."
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BAL-5.05%
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10:17

MMT (Momentum) decreased by 0.16% over the past 24 hours.

Gate News Bot message, November 7th, according to CoinMarketCap data, as of press time, MMT (Momentum) is trading at $0.57, down 0.16% in the past 24 hours, with a high of $4.16 and a low of $0.33. The current market capitalization is approximately $116 million. Momentum is a financial operating system built for a tokenized future. It aims to power the next era of global finance, where assets are tokenized, seamlessly connected, and tradable on a single platform. Momentum's flagship products include DEX, automated yield vaults, liquidity staking, and Momentum X. The platform is dedicated to integrating fragmented assets into a unified ecosystem. Recent important news about MMT: 1️⃣ **Gate Global Launch**
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MMT-16.21%
05:20

Hourglass: Details of the second phase of the Stable deposit event. The limit remains between $1,000 and $10 million. If the total deposits exceed $500 million, funds will be allocated proportionally. Complete KYC within 72 hours after deposit.

Hourglass officially posted on X platform regarding adjustments to the second phase of the Stable pre-deposit event. Deposits are open for 24 hours, with a limit of $1 million per wallet. Users must complete KYC within 72 hours. Final allocations will be settled on December 31. The KYC link generation is temporarily paused and will resume within 24 hours.
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USDC0.01%
19:38

Deribit: Bitcoin and Ethereum options worth over $5 billion set to expire tomorrow

PA News, November 6 — Deribit announced on X that Bitcoin and Ethereum options worth over $5 billion will expire tomorrow at 16:00 (UTC+8). The Bitcoin options open interest indicates that, following last week’s drop below $100,000, market sentiment remains cautious. The maximum pain point remains around $108,000, with a put/call options ratio of approximately 0.83. Hedging activity is active, but there are no signs of panic. Open interest is mainly concentrated in $100,000 put options and $120,000 to $125,000 call options, reflecting the current market stance on Bitcoin. For Ethereum, recent price dips below $3,700 have led to a cautious but orderly market. The maximum pain point is near $3,800, with a put/call options ratio of about 0.9, indicating balanced and slightly defensive positioning. Open interest is concentrated around the $3,500 level.
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BTC-2.59%
ETH-3.97%
12:17

U.S. court exempts FBI from liability after mistakenly erasing 3,400 BTC hard drives: the amount of "permanently lost" cryptocurrency approaches 3.7 million coins

Odaily Planet Daily reports that Cointelegraph stated on X platform that a U.S. court ruled that the FBI is not responsible for deleting a hard drive containing 3,400 BTC, after the hard drive owner later admitted it was theirs. This incident has increased the amount of cryptocurrency considered unrecoverable, with an estimated 3.7 million BTC (about 18% of the total supply) lost.
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BTC-2.59%
07:08

Jupiter Co-founder Meow: Token burning is an important gesture for restarting and showing commitment to token holders. Community reset is a necessary step that must be promoted.

Golden Finance reports that Jupiter community member @MINHxDYNASTY praised the project for major changes, including reducing the staking unlock period from 30 days to 7 days and downsizing the DAO. Jupiter co-founder meow responded on X (formerly Twitter), saying, “Exactly, and thank you very much for this message — your judgment is 90% on point. The past few months have indeed been particularly tough, but as you said, sometimes you have to seriously reevaluate what isn’t working and readjust your strategy. I want to say that the issue isn’t that these things are considered “afterthoughts,” but rather that we’ve tried too many different directions, and these attempts haven’t created the synergy needed for product and community growth. Regarding the token burn, I personally feel regretful, but for token holders, it’s an important step toward restarting our relationship. As for the community restructuring, I also feel the same way...”
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JUP-6.98%
01:23

Aster now supports ASTER as collateral.

Odaily News Perptual Futures DEX Aster announced on X platform that its platform utility upgrade now supports ASTER as Collateral, with a Margin Level of 80%. Users can also use ASTER to pay for Money Laundering.
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ASTER3.3%
22:47

Orderly Network launches ORDER Token buyback plan, using 60% of the protocol fees.

PANews November 5 news, Web3 liquidity provider Orderly Network announced on platform X that the ORDER repurchase program has officially launched. Every two weeks, the Orderly platform will allocate 60% of the protocol fees to repurchase ORDER Tokens from the open market. Half of the repurchased Tokens will be distributed to stakers. The remaining portion will be deposited into the community Wallet, which will be managed by the community through a governance mechanism.
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ORDER-7.89%
16:47

Balancer Official: The reason for the theft is the V2 liquidity pool vulnerability, other liquidity pools are not affected.

Golden Finance reported that Banlancer officially announced on the X platform that in the early hours of yesterday, a vulnerability affected the Balancer V2 composable stable pool. The official team is working with top security researchers to understand the issue and will share more investigation results and a complete post-mortem analysis report as soon as possible. Since these liquidity pools have been running on-chain for several years, many liquidity pools have exceeded the pause window. All liquidity pools that can be paused have been paused and are currently in recovery mode.
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BAL-5.05%
15:47

LINEA: The Burn Mechanism has officially launched, and gas fees will burn ETH and LINEA at a ratio of 1:4.

Golden Finance reports that LINEA has announced that the token burning mechanism has officially launched on the X platform. After this, every transaction on the LINEA will burn ETH and LINEA, directly reducing the token supply to implement deflation. All gas fees on LINEA are paid in ETH and collected through the fee contract. After deducting infrastructure costs, the remaining funds will be 100% burned, including 20% burned in the form of ETH and 80% converted to LINEA and burned on L1. In addition, the data tracking function for burned tokens has also been launched.
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LINEA-4.84%
ETH-3.97%
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14:44

UXLINK: Kraken supports UXLINK token migration

Golden Finance reported that UXLINK published on the X platform stating that Kraken supports UXLINK token migration. The trading and deposit functions of the new UXLINK (ERC20 standard) token are expected to resume on November 7 at 14:00 (UTC).
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UXLINK-2.56%
10:05

SharpLinkk earned 459 Ether through stake rewards last week.

PANews, November 4th news, listed company SharpLink stated on platform X that SharpLink obtained 459 Ether through stake rewards last week. Since implementing this strategy on June 2, 2025, our total stake rewards have reached 6,575 Ether.
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ETH-3.97%
09:46

Vitalik retweeted to call for privacy protection on-chain.

Odaily News Ethereum co-founder Vitalik Buterin retweeted a post about the privacy protocol Hinkal on X, stating: "It's time to maintain privacy on the public chain." Hinkal announced that its wallet is now open to all users, allowing them to hide wallet assets, operations, and interactions with dApps, helping users to use encryption assets more securely on the public chain.
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ETH-3.97%
08:45

GoPlus: More similar to XUSD stablecoins are lurking with higher risks of decoupling or insolvency.

PANews, November 4th news, GoPlus Chinese community published an analysis on the X platform, stating that with the continuous fall in prices and reduced Liquidity, more stablecoins like XUSD may be lurking with a higher risk of de-pegging or insolvency. 1. Yield-bearing/leverage vault, synthetic yield stablecoins rely on high return strategies (lending/leverage/LP rewards), have a large exposure to external borrowing, and require high liquidity (xUSD belongs to this category). 2. Algorithm / Dual Token Stablecoin (without sufficient external collateral) The mechanism to maintain price stability relies on market arbitrage / token burning, and does not have reserves for immediate recovery in fiat currency. 3. Projects relying on centralized custody or single counterparty (custodial / centralized
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07:19

Momentum: The MMT Token Airdrop Allocation Query Page is now online.

PANews reported on November 4 that Momentum stated on the X platform that all eligible users for the Airdrop can access the airdrop inquiry website to check their MMT Token allocation. In most cases, up to 90% of the tokens allocated to users will be presented in the form of veMMT Tokens, and this portion of the tokens will be displayed in the coming days. Please follow the announcement.
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MMT-16.21%
06:58

Kraken announces the launch of Infinity Ai (AIN)

Odaily News Kraken announced on the X platform that it will launch the Infinity Ai (AIN) Token. It is currently in open orders only mode, and trading will begin on November 4th. Deposits are now open, and this service is subject to regional restrictions.
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AIN4.55%
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05:29

CZ: Every time I buy coins, I get trapped.

Odaily News CZ posted on the X platform stating: "Every time I buy coins, I get trapped, including when I bought BTC at an average price of $600 in 2014 and it fell to $200, as well as when I bought BNB in 2017 and it dropped by 20-30%. Yesterday, I added a bit to my holdings again, so everyone should pay attention to the risks. I will no longer disclose my holdings in the future."
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BTC-2.59%
BNB-3.46%
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05:23

Data: The prediction market volume in October reached 8.7 billion USD, with Kalshi leading and Polymarket in second place.

Odaily News dash announced on the X platform that October is the most active month in the history of prediction markets. Key data is as follows: - Total users reached 524,200, of which 40.4% are new users. - Total transactions reached 30 million. - Nominal volume reached $8.7 billion. Kalshi leads in both volume and transaction count, with a market share of 45% to 55%, followed closely by Polymarket, while other smaller projects account for only about 7% to 10%.
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05:15

Opinion: In the past week, gold funds experienced net outflows of over $7.5 billion, which may flow into risk markets.

Odaily News Encryption KOL Phyrex stated on platform X that in the past week, gold funds experienced a net outflow of over 7.5 billion dollars, marking the largest single-week net outflow in history. In the previous four months, gold funds had a cumulative net inflow of 59 billion dollars. He believes that the outflow of funds from gold funds may indicate a weakening of some investors' risk-averse sentiment and a rise in risk appetite, and this portion of funds may flow into risk markets.
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