Moody's Head of DeFi Rajeev Bamra considers the role stablecoins play cryptocurrency markets, and the risks posed by "depegging" events.

How exchange-traded funds and futures contracts can reach TradFi and turbocharge the growth of crypto markets.

According to data shared on social media by Bitcoin Magazine, the number of Bitcoin addresses holding more than $1000 in value has reached a historic high.

On Friday (November 10th) at the end of trading in New York, the CME Bitcoin futures BTC main contract was reported at $37,565, up 2.06% from Thursday's New York close, with a total increase of 7.93% this week, and overall trading in the range of $34,755-$38,380. The CME Ethereum futures DCR main contract was reported at $2,112.50, up 1.73% from Thursday, with a total increase of 9.54% this week, and overall trading in the range of $1,863-$2,154.

Academic researchers from the International Hellenic University and Democritus University of Thrace in Greece have published a paper supporting the "efficient market hypothesis" (EMH) for bitcoin trading. The researchers claim that EMH contributed to the development of models capable of outperforming the hodl strategy by nearly 300% in simulated crypto portfolios. EMH suggests that an asset's share price reflects its fair market value and all applicable market information, making it impossible to outperform the market by trying to time it or by predicting winning stocks intuitively. The researchers developed four distinct artificial intelligence models trained with multiple datasets, and the optimal model beat baseline returns by as much as 297%, lending some credence to the idea that EMH can be a useful tool for bitcoin and cryptocurrency traders. However, the study was conducted using historical data and simulated portfolio management, and may not change the minds of those with a strong opinion against the efficacy of EMH.

Fidelity Digital Assets statistics reveal that Bitcoin's settlement volume over the past year exceeded $3.1 trillion, nearly 40% of Mastercard's transaction volume. The report underscores Bitcoin's practical application as a high-value settlement system rather than a tool for everyday small transactions.

According to a report by Fidelity Digital Assets, while Bitcoin volatility is present, it has been decreasing with wider market adoption. The report's data indicates that Bitcoin's volatility index has declined from 0.20 in 2011 to below 0.05 in 2023, signaling a gradual stabilization of the market.

According to saylortracker data, the unrealized profit of Bitcoin held by MicroStrategy has reached 1 billion US dollars. In October, MicroStrategy purchased an additional 155 BTC for $5.3 million, bringing the company's total holdings to 158,400 BTC.

According to OKX market data, Bitcoin fell below $36,000 and is now priced at $35,994, with a 2-hour drop of 6.1%.

According to Coinglass data reported, there were liquidations of $61.2925 million across the entire network in the past hour, including $2.1929 million in long positions and $59.1327 million in short positions.

According to Deribit data, nominal value of more than $1.179 billion BTC options contracts and more than $400 million ETH options contracts will expire and be settled on Friday (November 10th). The maximum pain point price for BTC is $34,000; the maximum pain point price for ETH is $1,700.

MCT data shows that the regular transaction fee of the Bitcoin network has temporarily risen to 147 sats/byte.

According to Dune data, on November 9th, the Bitcoin NFT transaction volume approached $16 million, reaching the second highest historical level. As of the time of writing, the historical transaction volume of Bitcoin NFT has reached $397,806,069.

According to Coinglass data, there were liquidations of $45.6279 million in the past hour, including $4.5138 million in ETH and $36.3754 million in BTC. Short positions accounted for $44.8794 million of the liquidations, or 98.35%, while long positions accounted for $0.7485 million.

According to BTC.com data, on November 9th, the total network transaction fee for Bitcoin reached 118.07 BTC, continuing the growth trend since October 29th. Compared with the single-day total network transaction fee of 21.47 BTC on November 1st, it has increased by more than 5 times in one week.

On November 9th, according to data from BitInfoCharts, a Bitcoin whale address starting with bc1qvh transferred another 1000 BTC within two days, holding a total of 13598 BTC (approximately $484 million). Previously reported by Golden Finance, this whale address has accumulated over 13,000 BTC since January 17th of this year, with a paper profit of approximately $100 million.

David Bailey, CEO of Bitcoin Magazine, posted on X that in the past 24 hours, 16,000 bitcoins (worth about $572 million) have left Binance and are still increasing.

The market showed BTC breaking through $36,000, now reporting at $36,033 with a daily increase of 1.73%. The market is volatile, please take risk control measures.

As NFTs related to Bitcoin (called Ordinals) are on the rise, Bitcoin transaction fees have soared to their highest level since the Meme coin frenzy in May last year. BitInfoCharts data shows that the average transaction fee for using the Bitcoin blockchain today is $6.84, up about 970% from the low point of $0.64 reached in August. In a report on Wednesday, digital asset management company 21Shares pointed out that this surge is driven by an increase in the number of Ordinals being minted, with nearly 1.9 million Ordinals uploaded to the blockchain in the past two weeks.

Ordinals Wallet posted on X platform stating that Bitcoin's 24-hour NFT sales volume has surpassed Ethereum's for the first time in history.