Gate Research: Bitcoin Spot ETF Options Set to Launch, DeSci Sector Soars 58.12%

Gate Research Daily Report (November 19): After multiple rounds of Bitcoin price surges, the cryptocurrency market is experiencing sectoral roctations, with Ethereum and certain altcoins seeing compensatory growth. Over the past 24 hours, ETH rose by 4.26%, while BTC saw a more modest increase of 0.67%. Key sectors such as DeSci, Sports, and Metaverse recorded impressive gains of 58.12%, 14.38%, and 13.94%, respectively. In an intriguing development, Vitalik Buterin visited a Thai zoo, sparking interest in the meme coin sector, with Ethereum-based MOO DENG leading the rally. BlackRock's iShares Bitcoin Trust (IBIT) options are slated to officially launch on Tuesday, November 19. Additionally, Bitcoin mining firm Marathon Digital Holdings announced plans to issue $700 million in convertible notes, with part of the proceeds earmarked for Bitcoin acquisitions.

Market Analysis: Ethereum has begun a catch-up rally, with ETH rising 4.26% and BTC increasing 0.67% over the past 24 hours.
Top Performers: Altcoins are gradually recovering, with the DeSci, Sports, and Metaverse sectors seeing gains of 58.12%, 14.38%, and 13.94%, respectively.
Data Highlights: The USDC Treasury burned over 118.5 million USDC on the Ethereum blockchain.
Spotlight Analysis: Bitcoin mining company Marathon plans to issue $700 million in convertible notes, with part of the funds allocated for Bitcoin acquisitions.
Market Opportunities: Lisk, built on Optimism's OP Stack framework and leveraging the Gelato service platform, focuses on real-world assets and decentralized physical infrastructure. Starting November 21, users can earn points by completing tasks, determining the number of LSK tokens they receive in an airdrop.

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Gate Team
Nov 20th, 2024