Ben.eth, known for his previous unsuccessful token projects BEN and PSYOP, has announced the launch of a new digital asset called LOYAL. He has already raised $10 million in the presale of LOYAL, but analysts warn about his motives and lack of trustworthiness. Ben.eth uses social media hype and bad press to promote his seemingly fraudulent projects, which have no intrinsic value or utility. Investors are advised to steer clear of his ventures.
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Bored Ape NFT Holder Ben.eth Launches Third Crusade of Memecoin Psychopathy
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U.S. consumer confidence improves again in November, reaching a two-year high
Dana M. Peterson, Chief Economist of the World Large Enterprises Federation, said, "US consumer confidence continued to improve in November, reaching the highest level in the past two years. The growth in November was mainly due to consumers' more positive assessment of the current situation, especially in the labor market. Compared with October, consumers' optimism about future employment opportunities has also greatly increased, reaching the highest level in nearly three years. At the same time, consumers' expectations for future business conditions have not changed, while their optimism about future income has slightly declined." Earlier, the US Conference Board Consumer Confidence Index for November recorded 111.7, a new high since July 2023. -
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QCP Capital has published an analysis indicating that the recent drop in the price of Bitcoin has resulted in long liquidations exceeding $430 million. This drop coincides with the end of five consecutive days of net inflows for spot ETFs, which recorded a outflow of $438 million on Monday, while MicroStrategy fell by 4.4%. With the US holiday approaching and no immediate catalyst to push prices higher, BTC's path towards $100,000 has stalled. In addition, the implied volatility of ETH has turned to bearish options rather than bullish options, and market concerns about downside risks may intensify, especially with the release of the FOMC meeting minutes and PCE data. However, in the long run, this market decline is not an excessive correction. Bitcoin has only retreated to last week's level. Since Trump's election, the market has become extremely overbought and leveraged, so a pause is inevitable. -
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Equation News calls out Binance for "insider trading": You are destroying the sentiment of the trading market
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