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- 11:40KOL reveals that last night's abnormal price crash of SAHARA was caused by its active market maker being liquidated.According to ChainCatcher, KOL Crypto Fearless revealed that the price of SAHARA experienced an abnormal plunge due to the recent liquidation of an active market maker. Insiders analyzed that this market maker was operating several well-known projects, including MMT and SAHARA. The market maker was discovered by the trading platform due to abnormal market making activities in one of the projects, after which all related addresses/account clusters of the market maker were identified and their positions were restricted. Ultimately, the positions were risk-controlled, which led to last night's sharp drop.
- 11:22Galaxy: The top seven deals accounted for nearly half of Q3 investment activity, signaling the possible end of the golden age for pre-seed and seed round investmentsAccording to ChainCatcher, citing The Defiant, a research report by Galaxy Digital indicates that in the third quarter of this year, seven large transactions raised more than $2.26 billion, accounting for 48.7% of the total venture capital invested in cryptocurrency and blockchain-related companies during the same period. During this period, venture capital firms invested $4.65 billion in 415 deals targeting crypto-focused startups and private companies, representing a 290% quarter-on-quarter increase, though still below the levels seen in 2021-2022. The growth was mainly driven by late-stage companies, suggesting that capital continues to concentrate on mature firms rather than early-stage startups. Despite improving market sentiment and increasing investment activity, Galaxy Digital believes that "the golden age of pre-seed crypto venture capital is over."
- 11:04Analysis: The current BTC trend is highly similar to the 2022 bear market, and a price rebound may occur in Q1 next yearChainCatcher news, according to Cointelegraph, economic analyst Timothy Peterson posted on X stating that the current bitcoin trend is highly similar to the 2022 bear market. From both daily and monthly charts, the correlation between this year's and 2022's bitcoin daily charts is 80%, while the monthly correlation is as high as 98%. If history repeats itself, a true recovery in bitcoin price may not occur until the first quarter of next year. During the past month's decline, cryptocurrencies have been hit significantly harder than stocks, but signs of a rebound are rapidly increasing. Changes in macro sentiment could still trigger the classic "Christmas rally" for risk assets before the end of the year.