PA Daily | The person who claims to have the highest IQ in the world predicts that Bitcoin will reach $220,000 within 45 days; Morgan Stanley predicts a target price of 7,800 points for the US stock market by the end of 2026.

Today's News Reminder:

Caixin: 61,000 bitcoins held by the criminal Qian Zhiming still includes XRP.

Report: Nvidia's market value may reach $6 trillion by 2026, Perplexity faces bearish outlook.

Trader Eugene is bullish on $UNI: if it falls below $6.50, the bullish logic will be invalidated.

The person who claims to have the highest IQ in the world: Bitcoin will reach $220,000 in 45 days.

Bitcoin spot ETFs have seen net outflows for three consecutive weeks, with $1.11 billion flowing out last week.

F2Pool co-founder Wang Chun deposited 3000 ETH to Binance within 20 minutes and still holds 1500 ETH.

Boyaa Interactive turned a profit of 261 million yuan in Q3, holding 4,091 bitcoins.

Macroeconomics

Report: Nvidia's market value may reach $6 trillion by 2026, Perplexity faces bearish sentiment.

At the Cerebral Valley Summit held in San Francisco, over 300 attendees participated in an anonymous survey, the results of which showed that there are various views in the industry regarding the future development of the AI sector. Regarding the annual revenue forecast for OpenAI, industry insiders believe that by the end of 2026, its revenue will reach 30 billion dollars, and NVIDIA's market value will reach 6 trillion dollars, but the growth rate may not be as rapid as previously expected. Additionally, the independent committee report from OpenAI and Microsoft on whether AGI (Artificial General Intelligence) will be achieved may not be released until 2030. Although OpenAI is expected to continue dominating the LMArena rankings in 2026, more attendees expressed a willingness to invest in Anthropic rather than OpenAI. Furthermore, Perplexity is considered the most controversial startup and has become one of the companies that industry professionals most want to short. During the conference, the trend of reverse mergers in the AI field was also discussed, including transaction cases like Meta with ScaleAI and Google with Character. Participants pointed out that large tech companies are accelerating such acquisitions due to antitrust scrutiny and the competition for limited talent resources, and are willing to invest large amounts of money to maintain a competitive edge. Industry insiders believe that these transactions are more about the competition for top talent rather than mere technology integration.

opinion

Trader Eugene is bullish on $UNI: if it falls below $6.50, the bullish logic will be invalidated.

Trader Eugene stated that since October 10, the cryptocurrency market has experienced a continuous 5-week deep correction, and many investors have completed their sell-offs. In the case of a market rebound, he believes that projects with strong fundamental drivers will stand out, with Uniswap ($UNI) becoming the focus due to its recent fee adjustments. Eugene pointed out Uniswap's advantages, including: previously seen as non-investable due to conflicts with equity and token holders, the team now supports token holders; as the narrative leader of the fee adjustment proposal, the price has nearly returned to levels prior to the proposal announcement. He believes that if the market finds a short-term bottom in major assets, $UNI is expected to lead the rebound in the coming weeks. Its strategy failure point is if the price falls below $6.50. According to OKX market data, UNI has broken through $8, rising 3.3% in 24 hours.

The person who claims to have the highest IQ in the world: Bitcoin will reach $220,000 in 45 days.

YoungHoon Kim (金永勋), acclaimed as the person with the highest IQ in the world with an IQ of 276, predicts that Bitcoin will reach $220,000 within the next 45 days. Related reading: Trading moment: The theory of an AI bubble in the U.S. stock market heats up, Bitcoin's annual gains are being undermined, intensifying bear market signals, Zcash is showing an independent trend.

Morgan Stanley predicts a target price of 7800 points for the US stock market by the end of 2026.

Morgan Stanley predicts that the target price for the U.S. stock market by the end of 2026 will be 7,800 points, and expects U.S. stocks to outperform other regions. Additionally, the firm has upgraded its rating of U.S. small-cap stocks relative to large-cap stocks to “overweight,” while adjusting ratings in some sectors, raising the consumer discretionary sector from “underweight” to “overweight,” and the healthcare sector from “neutral” to “overweight.” Morgan Stanley also predicts that the dollar index will fall to 94 in the first half of 2026, before rebounding to 99 by the end of the year.

Project Updates

The number of merchants using Binance Pay has surpassed 20 million, growing over 1,700 times in ten months.

Binance disclosed on its official blog that at the beginning of 2025, only about 12,000 merchants were integrated with Binance Pay, while currently, over 20 million enterprises accept its payment services. In just ten months, the network scale of Binance Pay has grown by more than 1,700 times. This significant growth trend is mainly attributed to the widespread use of stablecoins. This year, over 98% of its B2C transactions used stablecoins such as USDT, USDC, EURI, and FDUSD, and the variety of this basket of stablecoins continues to increase. Furthermore, since its launch in 2021, Binance Pay has processed a cumulative transaction volume of over $250 billion, and its user base has exceeded 45 million.

Binance Alpha and the contract platform will launch GAIB (GAIB)

According to a Binance announcement, GAIB (GAIB) will be listed in the Binance Alpha trading zone at 18:00 Beijing time on November 19, and the GAIBUSDT perpetual contract will go live at 18:30, with a maximum leverage of 40 times. GAIB is a project that tokenizes AI assets such as GPUs and robots into on-chain yield-bearing assets. This is the first time this token will be launched globally, and users can participate in a limited-time airdrop event through Alpha Points.

Messari releases Filecoin Q3 report: utilization rises to 36%, capacity shrinks to 3.0 EiB

According to the Filecoin Q3 status report released by Messari, the network utilization rate of Filecoin rose to 36% in the third quarter, with total capacity falling to 3.0 EiB. Network fees increased by 14% to approximately $793,000, of which penalties accounted for about 99.5%. The v27 “Golden Week” upgrade removed the old sector methods, with base and bulk fees nearly zero. The active storage volume slightly decreased by 1% to 1,110 PiB, and the daily average new transaction volume dropped by 19%. The number of live datasets has increased to 2,491, of which 925 exceed 1,000 TiB. FVM token activity remained stable in terms of FIL; DeFi TVL fell by 8.4% to approximately $27 million; and USDFC circulation decreased by 8.5% to about $275,000. The Filecoin Foundation and GSR Foundation are promoting cooperation in cultural and scientific data storage. In addition, according to an official announcement from Filecoin, Filecoin Onchain Cloud will officially launch at 12:00 AM Beijing time on November 19, and a YouTube live stream will be held. The platform aims to build a decentralized, developer-owned cloud infrastructure covering modules such as storage, computation, retrieval, and access control, serving the new era of data, AI, and applications.

Important Data

F2Pool co-founder Wang Chun deposited 3,000 ETH into Binance within 20 minutes, still holding 1,500 ETH.

According to Nansen, over the past 20 minutes, the F2Pool co-founder Wang Chun's address has deposited 3,000 ETH to Binance, worth approximately 9.6 million USD. This address currently still holds 1,500 ETH, worth about 4.8 million USD.

A wallet deposited 3.617 million USDC into HyperLiquid to go long on altcoins, with a position value of 20 million USD.

On-chain data shows that the address 0xa2c…b3126 deposited approximately 3.617 million USDC to the HyperLiquid platform an hour ago as margin, and then quickly opened 22 long positions in altcoins. The total position valuation is currently about 19.86 million USD, while there are still 10 positions (valued at about 1.42 million USD) in TWAP (time-weighted average price) waiting for execution.

Arthur Hayes sold 1,480 ETH within two days, and historical trading records show that his timing performance has been poor.

According to monitoring by Lookonchain, BitMEX co-founder Arthur Hayes has sold a total of 1,480 ETH in the past two days, worth about $4.7 million. Notably, after his last sale of ETH on August 1, he repurchased at a higher price within nine days, indicating poor timing performance in his ETH trading.

Bitcoin spot ETFs have seen net outflows for three consecutive weeks, with outflows of $1.11 billion last week.

According to SoSoValue data, from November 10 to 14 Eastern Time, Bitcoin spot ETFs experienced a net outflow of $1.11 billion, marking the third consecutive week of negative inflows. Among them, ARKB had a net inflow of $1.68 million, being the only ETF with a net inflow, while IBIT and BTC saw net outflows of $532 million and $290 million, respectively. As of now, the total assets of spot ETFs have reached $125.34 billion, accounting for 6.67% of Bitcoin's market value.

Data: The average daily trading volume of Upbit and Bithumb in November dropped to $1.88 billion, the lowest of the year.

According to The Korea Times, South Korean cryptocurrency exchanges are facing pressure on profits due to a decline in trading volume as the market weakens. Upbit's operator Dunamu reported an operating profit of 235.3 billion won in Q3, a year-on-year increase of 180%, with revenue of 385.9 billion won and a net profit of 239 billion won; Bithumb reported an operating profit of 70.1 billion won, revenue of 196 billion won, and a net profit of 105.4 billion won. Bitcoin has fallen about 25% from its October peak, and the average daily trading volume for Upbit and Bithumb in November has dropped to $1.88 billion, the lowest of the year. Transaction fees account for about 98% of the revenue for both exchanges, which have recently accelerated the introduction of new tokens to boost activity, but overall trading remains sluggish.

The short position on ZEC ranked first on Hyperliquid has exceeded a loss of 22.04 million dollars.

According to Ai Yi's monitoring, the short address ranked first on Hyperliquid with $ZEC has exceeded a floating loss of 22.04 million dollars. As ZEC has once again broken through 700 dollars and reached a new all-time high (ATH), the address holds a serious loss on its short position of 60,870.43 ZEC. It is worth noting that the aforementioned floating loss is already the result after some reduction of positions. The current latest liquidation price for this address is $1,112.45. The industry is also concerned about whether it will continue to “stubbornly hold” the short position.

ZachXBT: Cardano users lose over $6 million due to low liquidity trading

On the morning of today, on-chain detective ZachXBT stated that a Cardano user exchanged 14.4 million ADA (approximately 6.9 million USD) for 847,000 USDA (the dollar stablecoin on Cardano) about two hours ago. Due to extremely low liquidity in the pool, the transaction caused a short-term surge in the price of USDA, resulting in a loss of approximately 6.05 million USD for the user. It is reported that these funds had been idle for nearly 5 years.

Investment and Financing / Acquisition

Takadao has completed a $1.5 million seed round of financing and launched LifeCard for stablecoin consumption.

The Web3 financial platform Takadao, headquartered in Riyadh, Saudi Arabia, and with an office in Singapore, announced the completion of a $1.5 million seed round financing, with participants including Hasan VC (Malaysia), Syla Invest (France), Wahed Ventures (UK), Ice Blue Fund (Japan), Istari Ventures (USA), Adverse (Saudi Arabia), and Draper Associates from Silicon Valley, USA. The total financing has reached approximately $3.1 million (including previous pre-seed rounds and other investments). In addition, Takadao also launched LifeCard—a prepaid VISA card that allows users to pay with stablecoins like cash at any location that supports VISA.

Institutional Holdings

Cardone Capital purchased 888 BTC for its “Bitcoin Real Estate Hybrid Project”

Grant Cardone, the founder of the real estate investment firm Cardone Capital, stated today on the X platform that he has added 888 BTC to the “Bitcoin Real Estate Hybrid Project” 101 Mizner Boca, with the related BTC purchases fully completed.

Boyaa Interactive turned a profit of 261 million yuan in Q3, holding 4,091 bitcoins.

Boyaa Interactive (00434.HK) announced that the profit attributable to shareholders for the first three quarters of this year was 487 million RMB, a year-on-year increase of 108.34%, with earnings per share of 71.73 cents and no dividend declared. The adjusted net profit under non-International Financial Reporting Standards increased by 111.3% to 503 million RMB, with revenue slightly increasing by 0.3% year-on-year to 351 million RMB. In the third quarter, the profit attributable to shareholders was 261 million RMB, while the same period last year recorded a loss of 79.298 million RMB, with earnings per share of 37.99 cents. The adjusted net profit under non-International Financial Reporting Standards was 263 million RMB, compared to an adjusted loss of 79.05 million RMB last year. Quarterly revenue increased by 11.4% year-on-year to 128 million RMB. As of September 30, 2025, the group held approximately 4,091 Bitcoins, with an average cost of about $68,114 per Bitcoin, and the Bitcoin growth rate was 15.1%.

Caixin: 61,000 bitcoins case suspect Qian Zhimin still holds XRP

According to Caixin Weekly, the main suspect Qian Zhimin submitted an access code for confiscated devices and passwords for two cryptocurrency wallets to the police during his detention in September 2025. As a result, the police discovered that in addition to approximately 61,000 frozen Bitcoin, he also held Bitcoin and XRP valued at about £67 million.