Morning Report | Ethereum fell 8.3% in the past 24 hours; Trezor confirmed that 3 units of Safe 5 were compromised with hardware implants, and the dealer network was reduced by about 80%
November 14 Market Important Events OverviewCompiled by: ChainCatcher
Data from the Past 24 Hours
Bitcoin is currently priced at $64,150, down 6.1% in the past 24 hours, with a high of $68,446 and a low of $63,320. Ethereum is currently priced at $1,769.20, down 8.3% in the past 24 hours, with a high of $1,936.49 and a low of $1,729.16. The current Crypto Fear and Greed Index is at 12, indicating extreme fear, down 9 points from the previous reading.
Important Events in the Past 24 Hours
On November 12, Trezor confirmed that 3 Safe 5 devices had hardware implants, which were sold by the Malaysian distributor CryptoBilis between August 20 and September 23. The implant is a circuit board placed between the screen and the motherboard, which only copies the screen content (including recovery phrases) and sends it encrypted via mobile networks to the attacker's server. Since the implant does not alter the firmware or security components, it is difficult to detect through regular checks. The firmware version 2.13.1 released on November 11 has rendered this batch of implants ineffective, but it cannot protect backups made before the upgrade; users who purchased devices through this channel must still migrate to wallets using new recovery phrases. Trezor will reduce its distributor network by about 80% and stated that this action is not due to partner dishonesty. Users who purchased devices through this channel since March can apply for replacements. So far, no customers have reported losses. The same distributor is also involved in the Ledger device tampering case, which resulted in over $86 million in theft.
2. Ethereum Foundation Sells Another 2,500 ETH
The Ethereum Foundation's associated wallet has sold another 2,500 ETH through CoW Swap, receiving 4.597 million USDS, which was subsequently transferred to a multi-signature Safe wallet. Over the past four days, this wallet has sold a total of 7,500 ETH, receiving approximately 14.52 million USDS.
3. U.S. Government Holds Large Amounts of Crypto Assets
According to Onchain Lens monitoring, the U.S. government holds 306,790 Bitcoins, 17,430 ETH, and other crypto assets, with a total value of approximately $20.57 billion.
4. Stablecoin Supply Decreases by $17 Billion
On-chain data analysis platform Glassnode has reported that the supply of stablecoins is rapidly contracting, with a total supply decrease of $17 billion over the past month, the largest drop since 2022. Glassnode stated that holders are exchanging stablecoins for fiat currency, withdrawing purchasing power that could be used in the Bitcoin and crypto markets.
5. A Whale Transfers Back 4,637 ETH to Galaxy Digital
A whale received 4,892 ETH from Galaxy Digital OTC over the past two months, valued at approximately $11.85 million, and subsequently transferred back 4,637 ETH to Galaxy Digital's deposit address, valued at approximately $10.1 million. Today, 1,796 ETH were transferred back, valued at approximately $3.42 million. The whale currently holds 255 ETH, valued at approximately $483,000.
Meme Popularity Rankings
According to data from the meme token tracking and analysis platform GMGN, as of November 15, 08:00
The top five popular tokens in the past 24 hours for ETH are: vensa, cirBTC, GATO, USDS, WASTED
The top five popular tokens in the past 24 hours for Solana are: JENSEN, mihao, Snoopy, NIO, tinfoil
The top five popular tokens in the past 24 hours for Base are: AERO, XDP, SOL, NVDAc, SPCXc
The top five popular tokens in the past 24 hours for BSC are: BNCB, SWJ, JAGENT, Sit and Wait for Coins, GANG
What Are the Must-Read Articles in the Past 24 Hours?
An NVIDIA Employee in China is Feeling Anxious
"As long as you join NVIDIA, you will grow old with me, and I feel very proud."
Musk publicly co-signed a petition supporting Jensen Huang's return to NVIDIA! The number of signatures on one petition website has exceeded 14,000 and nearly crashed due to the surge in traffic. What is even more alarming for the capital market is that core engineers have collectively voiced their concerns—if senior management mishandles the situation, key technical talents may leave, potentially shaking NVIDIA's competitive edge.
Williams Issues Another Hawkish Warning: Inflation is 'Far Too High', the Fed Has Much Work to Do
New York Fed President Williams warned that inflation is "far too high," and the Fed needs to take further action to ensure prices return to the 2% target. The core CPI in October exceeded expectations for the third consecutive month, reinforcing tightening expectations, with the market betting that the Fed will raise interest rates by 25 basis points in December, January, and March. Several Fed officials released hawkish signals on the same day, but opinions on the pace of rate hikes varied.
Jensen Huang Was Once an 'Ethereum KOL'
"Ethereum will become quite valuable."
The curtain has just risen on the settlement layer, and in the coming years, the integration of traditional finance and the crypto world will not be fought in retail trading, but here.
Risk warning Risk warning
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