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Stay up to date on the latest crypto trends with our expert, in-depth coverage.
The real damage caused by a portfolio crash is not just financial loss, but also the destruction of confidence.
![[Bitpush Daily News Selection] World Economic Forum Chairman warns: AI, cryptocurrency, and debt may become the three major bubbles; Ripple completes $500 million financing, led by Fortress and Citadel Securities; Balancer releases preliminary report on vulnerability attack: batch swap rounding logic error exploited; JPMorgan CEO: We are heading for a recession with credit implications](https://img.bgstatic.com/multiLang/image/social/935bfd11b8f63a1b29dcd0fc149331ff1762394221101.png)
The New York Stock Exchange's self-rescue movement essentially redefines the business model of traditional exchanges. With the IPO market shrinking, trading volumes declining, and data services experiencing sluggish growth, traditional exchanges can no longer rely solely on their conventional profit models to maintain competitiveness.
From getting rich by holding coins to selling coins to repair watches, the capital market is no longer unconditionally rewarding the narrative of simply holding tokens.
Liquidity is the key factor influencing the current performance of the crypto market.
- 02:35Ripple stablecoin RLUSD market cap surpasses $1 billionAccording to Jinse Finance, citing CoinDesk, the market capitalization of RLUSD, the USD stablecoin issued by Ripple, has surpassed $1 billion in less than a year since its launch, ranking it as the 10th largest USD stablecoin. The token is issued by Standard Custody & Trust Company, with reserves in US dollars and short-term US Treasury bonds, and has already been integrated into Ripple's payment and liquidity system. The current circulating supply is approximately $819 million on Ethereum and $203 million on XRPLedger. Ripple stated that it has processed nearly $100 billion in cumulative payments, with RLUSD serving as the main settlement stablecoin.
- 02:29"Machi" increases ETH long positions to $5.8 millionBlockBeats news, on November 5, according to HyperInsight monitoring, "Machi Big Brother" Huang Licheng's address increased its 25x leveraged ETH long position to $5.8 million, with an average entry price of $3,306.69 and a liquidation price of $3,266.07.
- 02:29Monad will hold its TGE on November 24Foresight News reported, according to The Block, that members of the Monad team revealed the upcoming Layer 1 blockchain Monad and its native token MON will be launched at 20:00 on November 24. The Monad Foundation opened a token claim portal from mid-October to Monday, November 3, allowing users to check their MON token allocations and connect their wallets. Upon launch, Monad plans to integrate with decentralized applications such as Uniswap, Magic Eden, and OpenSea, and will support certain exchanges, as well as wallets like Backpack, MetaMask, Rabby, and other options.