Selected Key News
1.Stable announces mainnet launch, initiates STABLE token airdrop
2.Jupiter platform WET public sale 'time-travel style' starts, shares sell out instantly again
3.The U.S. Labor Department will not release October PPI data
4.U.S. crypto stocks opened higher, MSTR up 2.61%, BMNR up 4.9%
5.U.S. stock market HYPE Treasury company Hyperliquid Strategies approves a $30 million stock buyback plan
Article & Threads
1.(Underground Argentina: Jewish money houses, Chinese supermarkets, disaffected youth, and the impoverished middle class)
In a country where prices are skyrocketing and currency is collapsing, people still maintain the habit of tipping, continue to spin in tango halls, and laugh and chat in cafes. This savage vitality is the true essence of this country. Over the past century, the Casa Rosada in Buenos Aires has changed hands many times, and the peso has become worthless again and again. However, the common people rely on underground transactions and gray wisdom, and have managed to find a way out of the dead end. As long as this country’s desire for 'stability' remains less than its yearning for 'freedom'; as long as the public's trust in the government remains lower than their trust in the corner Chino, then underground Argentina will exist forever. Welcome to underground Argentina.
2. (1000 stablecoin banks, who will become the ultimate winner?)
New types of stablecoin banks are emerging, and the industry seems to be entering a golden age, but there is only one real key: reliability. Beautiful applications, cashback, and benefits cannot compensate for the fragility of the infrastructure. When payments fail, cards are declined, and deposits and withdrawals are blocked, users will not hesitate to return to traditional banks or centralized exchanges. We do not need 1000 'typically operational' stablecoin banks; we only need one 'always online.' Only by building robust, redundant, 100% operational infrastructure can stablecoin banks truly replace traditional banks, and the industry can win the future.
Market data
Daily market overall funding heat (reflected by funding rates) and token unlock
Data source: Coinglass, TokenUnlocks
Funding Rate
Token unlock
