News

According to ChainCatcher, CryptoQuant analyst MAC.D stated that due to uncertainties ahead of Nvidia's earnings report, the US stock market declined, leading the crypto market to drop in tandem, with Ethereum once falling to $2,870. However, after Nvidia's earnings exceeded expectations, both the US stock market and crypto assets quickly rebounded. On-chain data shows that the $2,800 region highly overlaps with the realized price clusters of retail investors and whales, which may become an important support level. Retail investors are selling, while whales (holding over 10,000 ETH) continue to accumulate, indicating that supply is concentrating among long-term large holders. Forced liquidations of long positions are decreasing, and short positions are increasing, so a slight rebound could trigger a short squeeze.

Jinse Finance reported that the perpetual contract DEX Aster announced on the X platform that the S3 token buyback has been completed, with a total of 55,720,650 ASTER tokens repurchased this season. The cumulative buyback amount has reached 155,720,656 tokens. S4 is planned to launch on December 10, and 60-90% of this season's fee income will be used for token buybacks. The dedicated wallet address for the S4 buyback will be announced separately.