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Elon Musk再點燃狗狗幣話題　市場資金轉向下個爆炸性百倍迷因幣Bitcoin Hyper
埃隆·馬斯克Elon Musk的一句「是時候了」再度攪動迷因幣世界，也使沈寂數週的狗狗幣敘事重返社群焦點。與2021年火熱行情相比，當前的市場環境更偏向保守，宏觀壓力、清算連鎖與流動性不足，使得馬斯克效應不再能單獨推動整體市場反轉。但正因如此，資金的移動方向變得格外值得觀察：一邊是馬斯克帶起的迷因情緒，另一邊是Bitcoin Hyper這類功能型Layer2項目快速吸納巨量資金，形成鮮明對比，也揭示出資金偏好的變化。馬斯克訊號引發迷因幣追逐， DOGE – 1 成短線焦點本周馬斯克在X上留下簡短訊息，使整個狗狗幣社群瞬間活躍起來。雖然 Dogecoin 本身並未如預期般強勢反彈，價格一度落至0.16美元附近，但模因板塊內部的輪動卻異常激烈。特別是與SpaceX計畫同名的DOGE-1代幣，受到投機者追捧，短時間飆升約三倍，甚至吸引到重量級鏈上交易者的參與。其中最受矚目的，是god.sol這位以高速輪動著稱的模因交易員，花費百枚SOL購得1627萬枚DOGE-1。他的過往交易記錄累積超過兩百八十萬美元利潤，任何動作都會被視為短線情緒的指標。雖然DOGE-1隨後因獲利回吐而回落，但這種急漲急跌的節奏呈現出迷因資產特有的投機定律，也反映市場在疲弱環境下更依賴瞬間情緒，而非長線資金。同時，DOGE-1背後的真實衛星任務尚在排程之中，預計於2025年底發射，這也讓部分交易者押注未來可能出現新的消息催化。隨著宏觀環境持續波動，迷因生態仍維持活力，只是參與者普遍採取短線策略，速度優先於耐心。市場在波動中尋找更可靠敘事比特幣十一月初的急跌，使市場進一步走向避險結構。美聯儲偏鷹的語氣、全球經濟不明朗、清算高潮帶來的恐慌情緒，使交易者對高風險資產更加謹慎。即使馬斯克重新提起狗狗幣，也未能像前幾年那般直接引發全面式狂潮。迷因幣的升勢迅速被獲利盤壓制，反映出當前資金對流動性與退出速度的高敏感度。在此背景下，市場開始出現另一條清晰軌跡：具備技術基礎、敘事完整且進度可追蹤的項目更容易成為資金目的地。這正是Bitcoin Hyper崛起的核心原因。當迷因敘事提供的是情緒刺激，Layer2的功能性則提供可衡量的未來價值，兩者在此刻形成鮮明對照。 Bitcoin Hyper吸金超過2600萬美元，Layer2革命成新主軸 Bitcoin Hyper 在預售階段迅速累計超過2,600萬美元資金，連續多日保持大額買單，最引人矚目的，是日前一筆來自單一地址的鯨魚級大額交易，單筆金額高達31萬美元，刷新該項目預售以來的單日個人買入紀錄，而於10月6日也錄得一筆巨鯨購入超過26萬美元，引發廣泛關注。這種級別的買盤往往象徵市場對項目方向的強烈認同，也代表比特幣Layer2敘事正在成為本輪市場的新焦點。 Bitcoin Hyper 的核心，是讓比特幣真正具備可編程能力。項目架構基於Solana虛擬機，使BTC能以低延遲方式參與DeFi、遊戲、NFT與高頻支付。非託管橋接的設計讓資產能自由進出，不需犧牲原鏈安全性。這種能力突破了比特幣一直以來只能作為儲值工具的限制，也讓BTC邁向更大的應用場景。 HYPER代幣的價格每三日自動調整，使預售階段形成自然的進場節奏。質押回報率接近44%，交易費、治理與所有Layer2活動均使用HYPER，使代幣本身成為整個網路的核心動力。在2025年第四季主網上線後，完整的應用層將逐步曝光，市場預期這將會是比特幣生態中罕見的功能性躍升。對許多長線投資者而言， Bitcoin Hyper 的吸引力不只在於預售增長空間，更來自其解決了比特幣十五年來最具爭議的瓶頸：速度、可編程性與跨應用能力。官網購買Bitcoin Hyper 結論：迷因與Layer2雙軸並行，新敘事正在形成馬斯克重新點燃迷因熱度，使狗狗幣與DOGE-1短線活絡，但宏觀壓力讓投資者更謹慎，迷因行情呈現快速往返的結構。相較之下，Bitcoin Hyper代表的是另一類市場需求：在波動之下找到具備技術深度、結構清晰、增長空間實際可量化的項目。一邊是情緒流動，一邊是功能革新；一邊追求短線爆發，一邊構築中期價值。當兩條敘事同時進行，2025年的市場將可能迎來截然不同的投資節奏。而Bitcoin Hyper在此格局下，已成為最受關注的比特幣Layer2新核心，並有機會在山寨幣季真正開啟時佔據關鍵位置。

2025-11-10 04:49
Don’t Panic — Bitcoin Market Is Only In A Restructuring Phase: Blockchain Firm
The Bitcoin market has been in a state of uncertainty over the past few weeks, following its uncharacteristically negative performance in October. While the general market sentiment suggests that the end of the bull cycle might be near, the latest on-chain data indicates that the premier cryptocurrency might merely be undergoing a reset. According to a blockchain firm’s report, the recent sluggishness seems to be setting the stage for the coin’s next major move. BTC Not In A Cycle Exhaustion Phase: XWIN In the latest Quicktake post on the CryptoQuant platform, XWIN Research Japan revealed that the current situation of Bitcoin looks less like the end of a cycle and more like a restructuring phase. The DeFi firm believes that the market foundations are being reset after the clearing out of excess leverage in recent weeks. Supporting the claim of reduced leverage, XWIN Research highlighted that open interest in the Bitcoin future market has reduced significantly since late October. This decline in open interest signals the exit of short-term traders from their leveraged positions. The blockchain firm noted that, in past cycle peaks, leveraged trades often increased even at high price levels. However, this euphoric buildup of market positions is not currently the case for Bitcoin, meaning that a cycle top is likely not what is being witnessed. Furthermore, XWIN Research Japan said that the Bitcoin price is currently lacking momentum and not missing structural support. The blockchain firm pinpointed declining demand from United States institutional investors—as spotlighted by the negative Coinbase Premium Index —as one of the factors behind the lack of momentum. As of this writing, Bitcoin is valued at around $101,930, reflecting no significant movement in the past 24 hours. The flagship cryptocurrency is deep in the red on the weekly timeframe, though, having suffered an 8% price decline in the last seven days. Bitcoin Market Shows Both Strengths And Weaknesses Despite the weakened institutional demand for BTC, XWIN Research highlighted some positive signs that could contribute to the cryptocurrency’s eventual recovery. For instance, the DeFi firm revealed that Bitcoin exchange reserves remain at multi-year lows, meaning that a limited supply is still available. Additionally, stablecoin liquidity is gradually flowing back into the market; this means that purchasing power is also returning, and investors might just be waiting for the right time. However, XWIN Research noted that, despite the obvious market resilience, the current sentiment suggests a range-bound movement in the short term.

2025-11-10 00:00
Crypto Craze Sweeps Hedge Funds As 55% Add Digital Assets To Portfolios
According to AIMA and PwC’s Seventh Annual Global Crypto Hedge Fund Report , more than half of traditional hedge funds now hold crypto. The survey shows 55% have some crypto exposure, up from 47% in 2024. That number alone signals a shift in how mainstream managers treat these assets. Crypto: Broad Adoption, Small Stakes Most managers are being careful, for now. Many funds keep their digital currency positions tiny. Over half of those with exposure hold less than 2% of their portfolios in crypto. On average, funds put about 7% into crypto-related investments. Yet plans point upward: 71% of holding funds say they will raise their positions over the next 12 months. Risk is on their minds. Reasons given include portfolio diversification (47%), market-neutral alpha opportunities (27%), and asymmetric return potential (13%). The survey’s scale gives weight to the trend. The report asked 122 hedge fund managers controlling over $980 billion in assets. That sample shows a 17% year-over-year increase in the share of funds holding crypto. Many managers prefer indirect exposure. According to the findings, 67% use digital currency derivatives — up from 58% in 2024 — which lets them take positions without holding coins directly. That approach can be safer on paper. But it also carries risks. The October 2025 flash crash caused close to $20 billion in liquidations, a stark reminder of what can happen when markets move quickly. How Funds Gain Market Exposure Spot trading is growing while derivatives remain popular. Spot trading grew from 25% to 40% as a method of access. Exchange-traded products account for 33%. Tokenized assets and related equities each sit at 27%. The numbers show funds want choice. Derivatives offer flexibility; spot gives direct ownership. Both have places in portfolios, depending on rules and risk limits. Crypto-native funds are getting bigger. Pure crypto managers report larger pools of capital. Average assets under management reached more than $130 million in 2025, compared with $79 million in 2024 and over $40 million in 2023. The coins held most often are Bitcoin (86%), Ethereum (80%), Solana (73%), and XRP (37%). Solana’s adoption jumped from 45% last year. Yield strategies are widespread too — custodial staking is used by 39% of crypto funds and liquid staking by 35%. Institutional Interest Up Institutional interest is rising, but barriers remain. Fund-of-funds participation rose to almost 40% in 2025 from 21% in 2024. Institutional allocations from pension funds, foundations, and sovereign wealth funds climbed to 20% from 11%. Two-thirds of institutional investors surveyed now allocate to digital assets. Yet half of traditional hedge funds without crypto say they will not invest in the next three years. Featured image from Unsplash, chart from TradingView

2025-11-09 22:00
From Hype To Real Use: Stablecoin Payments Surge $41 Billion In Q3 2025
The stablecoin market recorded its strongest quarterly expansion since 2021, with $41 billion in net inflows during the third quarter of 2025. According to Orbital’s Stablecoin Retail Payments Index, retail adoption of stablecoins has entered a new phase of stability after a year of intense growth, owing to the fact that the crypto industry is moving from speculative trading to practical, everyday use in emerging economies. Retail Activity Settles As Crypto Market Finds Its Balance Stablecoin activity has begun to level out following a 69% increase in user adoption between mid-2024 and mid-2025. According to the latest report data from Orbital, there were about 3.6 million daily active users in Q3, indicating that the market is stabilizing following the excitement of previous months. However, the important thing is that retail payment volumes nonetheless climbed somewhat, up 4% to $1.77 trillion, even as the number of transactions declined slightly from 1.33 billion to 1.21 billion. This trend points to larger, more significant transfers replacing the smaller ones below $10,000 that prevailed in previous quarters. Tether’s flagship token, USDT, continues to dominate the retail industry, accounting for 83% of total transactions. On the other hand, USDC is the favorite token among DeFi users, accounting for more than 50% of the DeFi market. In terms of crypto exchange, Binance plays the major role of controlling much of the liquidity for both tokens and providing the rails for retail payments across emerging markets. Emerging Markets Lean On Stablecoins To Fight Inflation Stablecoins are increasingly being used as lifelines in struggling economies. This trend has been acknowledged by financial experts, with Ark Invest CEO Cathie Wood recently revising her $1.5 million Bitcoin prediction due to the growing popularity of stablecoins. Orbital’s report shows that users in Algeria, Bolivia, and Venezuela are paying staggering premiums of 90%, 77%, and 63%, respectively, to access dollar-pegged tokens. This is a sign that stablecoins are becoming digital versions of the US dollar in these regions. Mid-tier premier ranges between 8% and 18% in countries like Türkiye, Ethiopia, and Argentina. On the other hand, markets such as India, Saudi Arabia, and South Africa show lower premiums, as improved financial infrastructure makes it easier to buy and sell stablecoins at near-market rates. Some countries, including Colombia and Peru, even trade below parity, a sign of stronger liquidity and growing market maturity. Notably, a new generation of blockchains is competing for a share of stablecoin traffic. Binance Smart Chain still leads in retail transfers but saw growth slow by half in Q3. Aptos has now stabilized after its massive breakout earlier in the year, while Plasma, the newest entrant, set a record of $7 billion in deposits within days of launching its native token, XPL. Tron also continued its steady climb due to its heavy USDT usage, and Ethereum saw its total stablecoin supply expand by $35 billion. Stablecoin Wallet-to-wallet Transfers According to data from CoinGecko, the stablecoin market cap today is around $311 billion. Featured image from Unsplash, chart from TradingView

2025-11-09 20:00
Bitcoin 1st, Zcash 2nd: Arthur Hayes’ Surprising Portfolio Move
Arthur Hayes, co-founder of BitMEX, has revealed that Zcash (ZEC) is now the second-largest liquid holding in his family office, Maelstrom, trailing only Bitcoin. According to his post on X, the shift follows a rapid run-up in ZEC’s market value that has moved the coin back into the conversation among big investors. Hayes Names Zcash Second Biggest Asset Based on reports, Zcash has risen dramatically since September, gaining more than 700% over that span and hitting intraday highs above $700 earlier this month. That surge pushed ZEC back into the top 20 coins by market capitalization, with several outlets placing its market cap in the roughly $9 billion to $11 billion range as trading volumes spiked. The price moves are being linked to renewed interest in privacy features and a wave of retail and speculative flows. Due to the rapid ascent in price, $ZEC is now the 2nd largest *LIQUID* holding in @MaelstromFund portfolio behind $BTC . — Arthur Hayes (@CryptoHayes) November 7, 2025 Bold Targets Spark Attention Reports have noted that Hayes has floated an aggressive long-term target for ZEC — $10,000 — a figure that grabbed headlines and helped fuel further buying. He described ZEC as Maelstrom ’s second-largest liquid holding, though he stopped short of listing the exact dollar amount or the percentage of the portfolio represented. That detail has left observers guessing about how big a stake Maelstrom actually holds. in a Friday post on X, Hayes wrote: “Due to the rapid ascent in price, ZEC is now the second largest *LIQUID* holding in MaelstromFund portfolio behind BTC.” Privacy Coins Draw Renewed Attention Analysts and market commentaries say the rally has put a spotlight back on privacy coins, with Zcash’s shielded-transaction options often cited as a core technical feature behind the token’s narrative. At the same time, privacy tokens carry an extra layer of regulatory risk in some jurisdictions, and some exchanges or services have in the past tightened access to such assets. That mix of promise and caution is part of why ZEC’s jump is drawing close scrutiny. Supply Events And On-Chain Activity Traders will be watching several concrete things: on-chain metrics for shielded versus transparent transfers, exchange flows and whether large holders move coins, and the effect of a scheduled Zcash supply change expected in mid-November that will cut miner rewards — an event some traders say could tighten available supply. Volatility has been extreme; one day’s gain can be followed by sharp losses, and liquidity can ebb when prices move quickly. This disclosure from a high-profile investor puts Zcash back in the headlines and could draw more capital into privacy tokens. Featured image from Pexels, chart from TradingView

2025-11-09 18:00
MEV Boost ‘Fraud’ Case Ends In Mistrial As Jury Fails To Reach Verdict – Details
A US court judge has declared a mistrial in the case against two brothers for allegedly exploiting the Ethereum (ETH) MEV-boost system to net a $25 million profit. A 12-Second Historic MEV Boost ‘Heist’ In May 2024, the US Department of Justice announced an indictment against Anton and James Pepaire-Bueno, accusing the two MIT-trained brothers of a conspiracy to commit wire fraud and money laundering. According to the DOJ, the Pepaire-Bueno siblings stole $25 million in ETH in a first-of-its-kind heist targeting the prominent blockchain network. Notably, the brothers had explored a flaw in the Ethereum MEV Boost system, allowing them to view hidden pending transactions: Acting as a block builder, they “poisoned” a block to trick trading bots into revealing their strategies, then executed a sandwich attack, buying a large volume of ETH before another trader’s order and selling immediately after the price rose. This attack was targeted at a trio of cryptocurrency traders, allowing them to net a profit of $25 million in just 12 seconds. According to a report by Business Insider, in the case presented to the US District Judge Jessica Clarke for the Southern District of New York, the prosecutors likened the crypto trade hustle to a common fraud. Assistant US District Danielle Marie Kudla stated that creating a poison block was an act of deceit against other traders that should be punished by law. However, the lawyers of the defendants countered this narrative, stating the Pepaire-Bueno brothers had not operated beyond the bounds of trading in a bot-eat-bot world of Ethereum. Jury Fails To Convict Or Acquit ‘MEV Brothers’ On Friday, November 7, the jury in the case struggled to reach a unanimous verdict, according to Business Insider. The 12-man team. stated the peculiar case that had undergone a four-week trial had resulted in significant personal emotional cost. Notably, some jurors had broken down into tears during deliberations, while others complained of sleeplessness over the three days of deliberation. Moreover, one juror was scheduled to travel on Saturday, according to the Inner City Press . Following the motion for a mistrial, the prosecutors were willing to move the case to Monday and continue with 11 jurors. However, Judge Clarke opted to declare a mistrial as she strongly believed an extension would solve the jury’s confusion. While this ruling might provide some relief for the Pepaire-Bueno brothers, it’s worth noting that the charges remain active and prosecutors can still move for another trial. Featured image from Protos, chart from Tradingview

2025-11-09 16:00
Binance Founder CZ Surprised By Pardon, Denies Business Links To Trump Family
Binance co-founder Changpeng “CZ” Zhao has denied any relationship with United States President Donald Trump and his family. This comes in response to the chatter surrounding Trump’s pardon of him in October 2025. CZ Says He Has Never Met President Trump In an interview with FOX News on Friday, November 7, Zhao revealed that he was “a little bit surprised” by the US President’s decision to pardon him. The Binance co-founder pleaded guilty to anti-money-laundering (AML) violations in 2023. While the former CEO of the world’s largest cryptocurrency exchange agreed to a significant $4.3 billion fine on behalf of his company, he was forced to resign and received a four-month jail sentence. CZ was released from prison in September 2024, but this presidential pardon expunges his record of a criminal conviction. Although multiple reports have alleged that Binance and CZ lobbied through business deals for the co-founder’s pardon, there have been several rebuttals to such controversial claims. In a November 3 interview, Trump stated that he did not know the crypto founder, crediting his sons for pushing for the pardon. Now, CZ has come forward to state that he has no business links with the Trump family or their cryptocurrency project, World Liberty Financial. “That’s completely not accurate. There’s no deal, there has never been any discussions. It’s as simple as that,” the Binance leader said. CZ also addressed his decision to plead guilty to violating the Bank Secrecy Act, including failure to implement adequate anti-money-laundering measures at Binance. The prominent crypto founder said, “the best way to confront the problem and solve it head-on.” US Leading In Crypto Regulation: CZ According to the White House press secretary Karoline Leavitt, Trump’s decision to grant clemency to crypto figures was a way to “officially end the Biden administration’s war on the cryptocurrency industry.” In the FOX interview, Zhao highlighted the GENIUS Act as a move in the right direction by the United States regarding leading crypto regulation. The former Binance CEO believes that the increased regulatory clarity is an excellent development for the crypto industry. “I think in the last administration, even when I was charged and even when I pleaded guilty, there wasn’t any clear regulatory framework for crypto in the US, so I think now it’s getting much clearer, and [the] US is definitely leading,” CZ added.

2025-11-09 14:00
Bitcoin ETFs Weekly Net Outflows Cross $1 Billion Amid $100,000 Price Retest
Last week proved quite volatile in the Bitcoin (BTC) market as prices retested the psychological $100,000 price level following a sustained price correction that began in early October. Amid this price decline, the US Bitcoin Spot ETFs suffered a similar tumultuous fate, registering a net outflow of over $1 billion. Bitcoin ETFs See $1.28B In Net Withdrawals As Price Struggles Persist According to data from SoSovalue , capital outflows of 12 Bitcoin ETFs reached $558.4 million on Friday, taking total net outflows in the first week of November to $1.28 billion. This development indicates significant caution among institutional investors as Bitcoin strives to find price stability. The largest outflows of the week came from BlackRock’s IBIT, which suffered net withdrawals of $580.98 million. The investment fund now holds net assets of $82.28 billion, accounting for 3.97% of the total Bitcoin market cap. Fidelity’s FBTC also suffered the heavy brunt of investors’ fear as net outflows climbed to $438.30 million. However, with cumulative net inflows of $12 billion, FBTC still remains the second-best performing Bitcoin spot ETF. Other market players with significant performances include Ark Invest ’s ARKB and Grayscale’s GBTC, which recorded net capital drain of $128.92 million and $64.33 million, respectively. Meanwhile, VanEck’s HODL, Valkyrie’s BRRR, and Franklin Templeton’s EZBC suffered negative cash flow losses ranging $8 million – $13 million. Interestingly, Bitwise ’s BITB and Grayscale’s BTC produced the net inflows of the week valued at $4.69 million and $21.61 million, respectively. However, Invesco’s BTCO, WisdomTree’s BTCW, and Hashdex’s DEFI all recorded zero netflow, despite heavy market activity. At press time, the Bitcoin spot ETFs now report a net outflow of $1.22 billion for November. Nevertheless, the cumulative total net inflow for the 12 investment funds is valued at $59.97 billion, as aggregated net assets drop to $138.08 billion by 6.5% from last week in October. BTC Price Overview At press time, Bitcoin trades at $101,901 after a 0.98% decline in the past 24 hours. Meanwhile, daily trading volume is down by 42.62% and valued at $53.58 billion. Following the intense price correction of the last week, the premier cryptocurrency is now 18.93% away from its all-time high of $126,198. Coincodex analysts predict a market recovery in the next five days, tipping BTC to hit $129,442. However, they project some retracement after forcing the premier cryptocurrency to stabilize around $111,963 in a month.

2025-11-09 12:00
JPMorgan Discloses 64% Increase In BlackRock Bitcoin ETF Holdings In 2025 Q3 — Details
Global banking behemoth JPMorgan Chase has disclosed its increased exposure to the world’s largest cryptocurrency through BlackRock’s spot Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT). JPMorgan Held 5.2 Million IBIT At End Q3 In the latest 13-F filing with the United States Securities and Exchange Commission (SEC), JPMorgan disclosed its holding of 5,284,190 IBIT shares, BlackRock’s spot Bitcoin ETF, as of September 30. This third-quarter figure represents a sharp 64% increase in the firm’s exposure to spot Bitcoin exchange-traded funds. JPMorgan’s IBIT holdings, which were worth about $333 million as of September 30, are now valued at around $312 million. While the bank’s expanded position places it amongst one of the major institutional holders of BlackRock’s Bitcoin ETF, it still sits behind other firms, like Goldman Sachs, with significantly larger holdings. Goldman Sachs disclosed that it held 30.8 million shares of IBIT in the first quarter of 2025. Furthermore, the filing with the SEC shows that JPMorgan held IBIT call options worth $68 million and put options worth $133 million as of September 30. The increased investment in spot Bitcoin ETFs is consistent with the bank’s price expectations for the flagship cryptocurrency. In a recent report, strategist Nikolaos Panigirtzoglou and his team shared that deleveraging in the crypto derivatives market, especially Bitcoin perpetual futures, appears to be mostly over. The JPMorgan analysts revealed that the recent rise in gold volatility has made BTC a more attractive investment option on a risk-adjusted basis. Using this gold-based model, the pundits argued that Bitcoin is fairly undervalued compared to gold and could see a significant upward movement to around $170,00 over the next 6 to 12 months. As of this writing, the price of BTC stands around $102,900, reflecting an over 1% jump in the past 24 hours. However, the premier cryptocurrency is still deep in the red on medium-term timeframes. According to data from CoinGecko, the BTC price is down by more than 6% in the last seven days. BlackRock’s IBIT Struggles In Recent Weeks BlackRock’s Bitcoin ETF has somewhat struggled over the past few weeks, registering significant withdrawals in the last two. According to data from SoSoValue, the exchange-traded fund posted a weekly net outflow of over $403 million in the previous week. Excluding its performance on Friday, November 7, BlackRock’s IBIT looks set to record a weekly net outflow of roughly $450 million. Nevertheless, the iShares Bitcoin Trust still ranks as the largest spot BTC exchange-traded fund with a net asset of $80.58 billion under management.

2025-11-09 08:00

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