News & Research

Ethereum founder Vitalik Buterin personally demonstrated a new privacy protection solution called Kohaku at the Devcon developer conference, The Block reported. Kohaku is an open-source project aimed at enhancing privacy and security within the Ethereum ecosystem. Based on a modular structure, it enables developers to build privacy wallets without a central administrator. The project also plans to expand into mixnets or zero-knowledge (ZK) based browsers in the future.

Research and brokerage firm TD Cowen has assessed that Strategy's stock has 170% upside potential, despite a recent decline in Bitcoin's price and the company's mNAV (the ratio of its market cap to the value of its BTC holdings). According to The Block, TD Cowen stated that demand for Strategy will be sustained by its potential inclusion in the S&P 500 and an improving regulatory environment in the U.S. The firm also projected that Strategy will hold 815,000 BTC by 2027.

Sol Strategies, a firm focused on accumulating SOL, plans to launch a staking service for asset manager VanEck's proposed Solana spot ETF, The Block reported. The company currently holds 524,000 SOL. The move follows VanEck's submission of a sixth amended application for its Solana spot ETF to the U.S. Securities and Exchange Commission (SEC) last month.

OKX has announced that it will list the ZEN/USDT spot trading pair at 6:00 a.m. UTC on Nov. 18.

Digital asset investment products experienced their largest weekly net outflow since February, with a total of $2 billion withdrawn last week, according to a report from CoinShares. The United States accounted for the vast majority of these outflows, totaling $1.97 billion. By asset, Bitcoin investment products saw $1.38 billion in outflows, while Ethereum products recorded $689 million in withdrawals. CoinShares attributed the significant outflow to a combination of uncertainty surrounding monetary policy and broader selling pressure from cryptocurrency investors. Amid recent price declines, total assets under management (AUM) in digital asset exchange-traded products (ETPs) have fallen by 27% to $191 billion from a peak of $264 billion in early October.

The derivatives arm of the Singapore Exchange (SGX) will offer perpetual futures trading for institutional investors, CoinDesk reported. The exchange plans to launch perpetual futures for Bitcoin and Ethereum on Nov. 24. These products will track the iEdge CoinDesk Crypto Indices, which are institutional-grade crypto benchmarks that provide real-time and reference prices for Bitcoin and Ethereum.

The decentralized perpetuals exchange Aster (ASTER) announced that it plans to transfer its unlocked token supply today. The project previously stated that it would move the unlocked supply to a separate, public address as part of its plan to revise the ASTER tokenomics.

A wallet address belonging to BitMEX founder Arthur Hayes deposited 320,000 LDO ($239,000) to crypto market maker Wintermute a short while ago, Onchain Lens reported. The address has sold a total of $7.4 million in various tokens, including ETH, ENA, LDO, AAVE, and UNI, over the past two days.

The dollar stablecoin YU, issued by the Bitcoin-native liquidity protocol Yala, has depegged, Wu Blockchain reported. According to CoinMarketCap, YU has fallen 54.9% over the past 24 hours to trade at $0.42.

Kim Young-hoon, who claims to have the world's highest IQ at 276, predicted in a post on X that Bitcoin (BTC) will reach $220,000 within the next 45 days.