Morning Report | ARKK Discloses Top 15 Holdings; Binance Alpha Launches Lit Protocol (LITKEY); Zhao Changpeng Responds to "ASTER's Sudden Surge"
Overview of Important Market Events on November 2nd整理：ChainCatcher
Important News:
- Zhao Changpeng responds to "ASTER's short-term surge": I wanted to buy more at a low price
- Musk: Traditional phones and apps will disappear in five years, most content consumed by humans will be generated by AI
- Michael Saylor releases Bitcoin Tracker information again, possibly hinting at another BTC purchase
- Cathie Wood's ARKK discloses top 15 holdings, including crypto-related companies like Coinbase and Circle
- Binance Alpha has launched Lit Protocol (LITKEY), with an airdrop threshold of 235 Alpha points
- Zhao Changpeng: Willing to fund AI judge assistant project
- MetaMask: The rewards points program is different from the future TGE, but they will be interconnected
What important events happened in the past 24 hours?
Zhao Changpeng responds to "ASTER's short-term surge": I wanted to buy more at a low price
According to ChainCatcher, Binance founder Zhao Changpeng responded on social media regarding "ASTER's short-term surge," stating that he originally wanted to buy more at a low price.
ChainCatcher previously reported that Zhao Changpeng posted on the X platform, saying, "I just bought some ASTER on Binance today with my own money. I am not a trader; I buy and hold."
According to ChainCatcher, MetaMask clarified in a post that the MetaMask rewards program and the future MetaMask TGE are two different things. The rewards points program is a loyalty program that provides tangible rewards based on user actions, with the first season rewards including LINEA tokens worth over $30 million. This $30 million is calculated based on the price of the tokens at the launch of MetaMask Rewards, and there is room for adjustment if prices fluctuate. Additionally, all $LINEA rewards earned and held during Season 1 of MetaMask Rewards will count towards future rewards.
At the same time, the rewards points program will be interconnected with the TGE. The TGE will recognize those who have helped shape the MetaMask ecosystem, including those who have remained committed or rejoined this journey.
Binance Alpha has launched Lit Protocol (LITKEY), with an airdrop threshold of 235 Alpha points
According to ChainCatcher, Binance Alpha has officially launched Lit Protocol (LITKEY). Users holding at least 235 Alpha points can claim the token airdrop. Users can claim 250 LITKEY tokens on the Alpha event page. If the event has not ended, the score threshold will automatically decrease by 5 points every five minutes.
Claiming the airdrop will consume 15 Alpha points. Users must confirm their claim on the Alpha event page within 24 hours, or it will be considered a forfeiture of the airdrop.
According to ChainCatcher, citing a report from Jinshi, Tesla CEO Elon Musk predicted a radical future during a podcast: in the next 5-6 years, traditional phones and apps will disappear, and most content consumed by humans will be generated by AI.
Musk believes that "there will be no operating systems in the future, no apps; your phone will just display pixels and emit sounds. It will predict what you most want to see and hear, then generate it in real-time. We will integrate AI into this device as much as possible." "There will no longer be traditional phones in the conventional sense; what we call phones will actually be edge nodes for AI reasoning, equipped with some radio modules for connectivity."
Musk posits that essentially, server-side AI will communicate with AI on user devices (previously known as phones) to generate any real-time video the user desires.
Hong Kong-listed company Huajian Medical suspends acquisition of cryptocurrency
According to ChainCatcher, Huajian Medical, a Hong Kong-listed company, disclosed in an announcement from the Hong Kong Stock Exchange that it had announced a potential significant acquisition plan to acquire cryptocurrency for no more than 3 billion yuan since mid-August, and had planned to submit it for shareholder approval. However, it has not sent a circular to shareholders as scheduled, and there has been no progress after two and a half months.
Huajian Medical stated that it needs additional time to obtain shareholder authorization and has temporarily suspended the significant acquisition. Once it continues to purchase ETH (Ethereum) in the market, it will disclose it according to the listing rules of the Hong Kong Stock Exchange, especially Chapter 14, which requires disclosure of transactions. Huajian Medical added that its follow-up plan is to build an AI algorithm platform to improve recognition rates and intends to integrate its distribution network, ecosystem, and RWA platform to enhance the accuracy of underlying asset valuation models and the efficiency and transparency of the securitization process.
Michael Saylor releases Bitcoin Tracker information again, possibly hinting at another BTC purchase
According to ChainCatcher, Strategy founder Michael Saylor has released information related to Bitcoin Tracker again, stating, "Orange is the color of November."
Based on previous patterns, Strategy always discloses information about increasing Bitcoin holdings the day after relevant news is released.
According to ChainCatcher, Cathie Wood's ARKK ETF has recently disclosed its top 15 holdings, focusing on technology and crypto-related companies.
The top five are Tesla (12.3%), Coinbase (5.8%), ROKU (5.59%), Crispr (5.01%), and Tempus AI (5.01%). Others include Shopify (4.91%), Robinhood (4.69%), Palantir (4.48%), AMD (4.4%), Roblox (4.15%), Teradyne (2.68%), Circle (2.55%), BitMine (2.46%), Archer Aviation (2.3%), and Beam Therapeutics (2.24%).
Zhao Changpeng: Willing to fund AI judge assistant project
According to ChainCatcher, Binance founder Zhao Changpeng (CZ) shared on the X platform his "Weekend Builder Idea": AI Judge Companion.
CZ stated, "Train an AI to master codified laws and past cases, then let it provide judgment suggestions for every public case. The law itself is a public document, and most court documents (including case law, statements from plaintiffs and defendants, trial records, final judgments, and even future versions may include social sentiment data) are also public. Unlike human judges, AI will not be influenced by emotions, hunger (before or after lunch), personal opinions, or political positions, and therefore can theoretically make more objective judgments.
I do not believe any country will adopt this system in the short term, nor does it mean that AI judges are necessarily 'better'—the key depends on the quality of training. However, it could become a powerful tool for judges, lawyers, and ordinary parties, and could also be used in scenarios like market prediction. The workload to achieve such a system is actually not large—if someone wants to do it, I would be happy to invest in an excellent version."
According to ChainCatcher, data from Coinglass shows that $109 million was liquidated across the network in the past 24 hours, with long positions liquidated at $57.0659 million and short positions at $51.8156 million. Among them, Bitcoin long positions were liquidated at $3.5925 million, Bitcoin short positions at $5.3081 million, Ethereum long positions at $5.9275 million, and Ethereum short positions at $5.2599 million.
Additionally, in the last 24 hours, a total of 82,454 people were liquidated globally, with the largest single liquidation occurring in Hyperliquid - TRUMP - USD worth $1.8909 million.
Tom Lee's fund analyst: Cryptocurrency has not peaked yet
According to ChainCatcher, Fundstrat's head of technical strategy Mark Newton CMT posted on the X platform that he disagrees with the view that cryptocurrency has peaked, listing five reasons:
- The Elliott wave structure does not show signs of a peak;
- Monthly DeMark signals have not yet been triggered;
- The MACD indicator turning negative due to sideways consolidation is not decisive;
- The mid-term upward trend since 2022 has not been broken;
- Market sentiment is far from the levels that typically indicate a meaningful peak.
He added that he is watching for signals confirming that ETH and BTC prices have bottomed.
Meme Popularity Ranking
According to the meme token tracking and analysis platform GMGN, as of November 3, 09:00,
The top five popular ETH tokens in the past 24 hours are: TITANX, USDe, UNI, PEPE, LINK
The top five popular Solana tokens in the past 24 hours are: TRUMP, PUMP, PENGU, Fartcoin, DBR
The top five popular Base tokens in the past 24 hours are: KTA, GAME, VIRTUAL, DINO, USD +
What are some interesting articles worth reading in the past 24 hours?
DEX is not dead, CEX is just riding the wind
For centralized exchanges (CEX) and decentralized exchanges (DEX), the past year has been full of changes. Over the past 12 to 18 months, participants in the cryptocurrency space have witnessed a shift in trading momentum and liquidity from centralized exchanges (CEX), which rely on trust and compliance, to decentralized exchanges (DEX), which promise user transparency, composability, and self-custody.
Despite media reports claiming that centralized exchanges are making a strong comeback, a deeper analysis of the data reveals that the reality is much more complex.
In this quantitative analysis, I will delve into the data of DEX and CEX to better understand the evolution of spot and leveraged liquidity in cryptocurrency trading.
As institutional funds continue to enter the Ethereum ecosystem, DAT companies have evolved from mere token holders to network participants and revenue creators. Their main entry paths include staking, DeFi, and on-chain operations. Solana DAT may become one of the fastest-growing and strongest momentum tracks in the DAT model.
By constructing a five-force model of DAT sustainability, we believe that Bitcoin DAT is evolving towards a long-term value reserve, focusing on anti-inflation narratives and institutional allocations. Ethereum and Solana DAT are developing towards revenue-generating treasuries, creating cash flow through on-chain operations. DATs that can truly traverse cycles must have a robust capital structure, transparent financial disclosures, and clear strategic positioning. The future winners will not be numerous "shell companies" lacking main businesses, but rather a few leading companies that can create a flywheel effect at both the capital market financing end and the on-chain ecosystem participation end.
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