Encryption Assets Overview
BTC (+1.90% | Current Price 104,090 USDT)
The price of Bitcoin rebounded to around $104,000 after hitting a stage low of $98,500 on November 4, but the overall trend remains in a downward channel. Short-term indicators are showing a bearish arrangement, and the rebound has failed to effectively break through the MA5 resistance level, indicating insufficient upward momentum. Trading volume slightly increased during the rebound phase, but its sustainability is limited, and the willingness to flow in capital is weak. The MACD dual lines remain below the zero axis; although the green bars are gradually narrowing, indicating a weakening of bearish momentum, a golden cross signal has not yet formed. Overall, BTC is currently in a short-term correction phase; if it cannot break through the $105,000–$107,000 range with increasing volume, the rebound is unlikely to turn into a trend reversal. The support below remains focused on the $100,000 and previous low range of $98,951.
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ETH (+3.42% | Current Price 3,452 USDT)
Ethereum's price quickly rebounded to around $3,400 after dipping to about $3,056 in early November, showing clear signs of a short-term bottom. However, from a technical structure perspective, ETH is still constrained by short-term moving average resistance, with the MA5 and MA10 continuing to decline and forming a bearish divergence, indicating that the rebound is of a corrective nature rather than a trend reversal. Although trading volume temporarily increased, there has been no significant continuation afterward, with buying momentum being relatively weak. In terms of the MACD indicator, the dual lines are positioned below the zero axis, with green bars shortening but not yet turning red, indicating that bearish momentum is slowing but has not fully shifted to bullish. Overall, if ETH cannot effectively break through the $3,500–$3,700 range and stabilize above the MA10, there remains a risk of revisiting the $3,200–$3,050 support level. The short-term trend is leaning towards choppy consolidation, and market sentiment remains cautious.
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GT (+4.95% | Current Price 12.06 USDT)
GT has shown signs of stabilization after a prolonged decline on the 4-hour chart, currently closing at $12.06, with an approximate increase of 5% over the past 24 hours. The price has rebounded from the stage low of $11 and has crossed above the MA5, MA10, and MA30 hourly moving averages, indicating a recovery in short-term momentum. The MACD histogram has turned positive from negative, generating a golden cross signal, and the RSI has risen from the oversold area to 48, still having some upward space. Trading volume has increased during the initial stages of the rebound, indicating that bottom-fishing funds are entering the market. The Bollinger Bands have begun to slightly open after a period of contraction, suggesting that future volatility may expand. Overall, GT may be in a technical rebound phase after a continuous decline, but the $12.3–12.5 range above remains a key resistance. If it breaks through with volume, there is hope for further recovery towards $13; if the rebound lacks strength and falls below $11.8, the rebound may be coming to an end.
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Daily Price Change Tokens
In the past 24 hours, the overall encryption market has strengthened, with mainstream coins rising across the board. Bitcoin increased by about 1.98%, while Ethereum performed even stronger, with an increase of 3.7%. Market sentiment has warmed, with mainstream altcoins like XRP and SOL all rising over 3%, showing a pattern of broad market gains. According to CoinGecko data, this week, sectors such as privacy and infrastructure have shown a significant upward trend, with increases of 74.8% and 39.4% respectively over the past 7 days. Below are the representative popular tokens within each sector and an analysis of the reasons for their increase.
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RAIL Railgun (+30.6%, circulating market cap 221 million USD)
According to CoinGecko market data, the current price of the RAIL token is $3.86, with a 30.6% increase in the last 24 hours. RAILGUN is a DeFi protocol focused on privacy protection, aiming to provide a “complete privacy layer” for on-chain transactions, supporting the anonymous execution of operations such as token transfers, DEX trading, vault deposits, and liquidity provision. The project implements a “privacy trading pool” through zero-knowledge proof technology, allowing users to complete decentralized interactions while retaining self-custody.
Recently, the RAILGUN token has seen a significant increase, primarily driven by two factors: first, the protocol's privacy transaction volume has repeatedly reached new highs, attracting market attention to the protocol's revenue and token use cases; second, the team announced the “Mech Accounts” plan, further expanding RAILGUN's privacy scope, allowing more on-chain operations (including DEX interactions and staking activities) to be completed in a confidential environment. As on-chain capital flow and privacy computing demands grow in tandem, RAILGUN is gradually becoming the core infrastructure of the privacy DeFi sector, with the market generally expecting its token value to still have upward potential.
DCR Decred (+19.89%, circulating market cap 713 million USD)
According to Gate.io market data, the current price of the DCR token is $42.098, with a 19.89% increase in the last 24 hours. Decred is a decentralized public blockchain project focused on on-chain governance and privacy protection, aiming to achieve an “autonomous network without centralized authority.” The project uses a hybrid consensus mechanism (PoW+PoS), combining voting governance and a treasury system, allowing token holders to directly participate in protocol upgrades, fund allocation, and parameter adjustments.
Recently, the price of DCR has rebounded strongly, mainly driven by multiple positive factors. Firstly, the official team has continuously released updates, emphasizing that Decred has achieved a complete closed loop in on-chain governance and privacy mechanisms, validating the “feasibility of decentralized governance”; secondly, the community is actively discussing viewing DCR as a “BTC alternative asset,” achieving flexible upgrades and long-term evolution through a voting system and treasury mechanism while maintaining a total supply cap of 21 million coins; thirdly, Decred announced that it will soon expand the scope of governance, incorporating more on-chain operations (such as staking and privacy transactions) into its governance authority. As the market refocuses on the narratives of “governance-oriented public chains” and “on-chain autonomy,” DCR has become a representative project in the recent dual themes of privacy and governance.
ZK zkSync (+11.62%, circulating market value 510 million USD)
According to Gate's market data, ZK tokens are currently priced at 0.06991 USD, having risen approximately 11.62% in the last 24 hours. zkSync is the leading ZK Rollup scaling solution in the Ethereum ecosystem, dedicated to building “Incorruptible Financial Infrastructure.” The project uses zero-knowledge proofs (ZK Proofs) to achieve high throughput and low-cost transaction verification, and is upgrading from a single-chain architecture to a multi-layer network that supports interoperability between public and enterprise-level chains.
Recently, ZK tokens have surged, mainly driven by several positive factors. Firstly, zkSync released a token proposal titled “From Governance to Utility,” clarifying that ZK will be used for protocol fee payments and ecological incentives; secondly, ecological partner Memento announced the completion of the third RWA fund's ZK on-chain tokenization, marking the formal large-scale on-chain integration of traditional financial capital; thirdly, zkSync emphasized institutional-level DeFi adoption at Chainlink SmartCon and unveiled new technology Atlas, which can achieve 15,000 TPS and sub-second finality, significantly enhancing inter-chain performance. Driven by this series of news, ZK saw an increase of nearly 694% in on-chain transaction fees over the past 7 days, becoming one of the strongest public chains in the recent Layer2 sector.
Hot Spot Interpretation
Vanish has launched a public beta version, injecting new modules for privacy trading and passive income into the Solana ecosystem.
The Solana ecosystem privacy trading project Vanish has announced the official launch of its public beta version, allowing users to conduct instant privacy transactions on any Solana ecosystem token on its platform, effectively reducing the risk of on-chain transactions being tracked, copied, or front-run (MEV). At the same time, users holding SOL or other tokens in Vanish can not only achieve private storage of their funds but also passively earn Silent Rewards from the platform's transaction fee sharing, creating an integrated configuration tool between “privacy protection + profit generation” that is appealing to users looking to enhance the privacy of their funds without idling assets.
In terms of capital and ecology, Vanish completed a $1 million seed round financing in August this year, led by Colosseum, with participation from Solana Ventures, Pivot Global, and Solana co-founder toly, demonstrating strong endorsement within the Solana ecosystem. This equity and resource structure means that Vanish is not only expected to gain ecological support in technology and liquidity but also has the opportunity to become one of the representative projects of “privacy infrastructure” on Solana. If it can continue to iterate product performance and asset support scope within a compliant framework, Vanish has the potential to meet the privacy needs of more high-frequency traders, market makers, and high-net-worth users, further enhancing the Solana ecosystem in the dimensions of “high performance + privacy protection.”
Balancer released a preliminary report on the attack event, where rounding logic errors were exploited.
Balancer disclosed in the preliminary incident report that the Balancer V2 Composable Stable Pools were attacked on multiple chains on November 4, affecting networks including Ethereum, Base, Avalanche, Polygon, and Arbitrum. The vulnerability originated from a rounding logic error in the scaling function of the EXACT_OUT transaction path in Batch Swaps—when the scaling factor included non-integer values (such as when exchange rate parameters were included in the calculation), the system defaulted to rounding down, allowing attackers to exploit this precision error to manipulate pool balances and withdraw funds. This incident only affected the Composable Stable Pools of Balancer V2, while Balancer V3 and other pool types were unaffected, with the issue concentrated on the calculation functions of the old version architecture.
After the incident, the Balancer team quickly took response measures in collaboration with security partners and the white hat community, including the Hypernative automatic pause mechanism, asset freezing, and white hat intervention under the SEAL framework, effectively preventing further spread of the vulnerability and recovering part of the assets. Among them, StakeWise has successfully recovered about 73.5% of the stolen osETH, and BitFinding along with the Base MEV bot team have also assisted in recovering some funds. Currently, Balancer is working with security organizations such as SEAL and zeroShadow to conduct cross-chain tracking and fund recovery, and will publish the final losses and recovery results in a complete technical review report. This incident reveals the security risks associated with batch exchanges and precision control logic, and highlights the importance of multi-party collaboration mechanisms in decentralized protocols when dealing with complex attacks.
Monad mainnet will launch on November 24, and the MON token claim window has closed.
The Monad team plans to officially launch its new Layer1 blockchain mainnet and native token MON on November 24. Before this launch, the Monad Foundation opened the token claim portal from mid-October to November 3, allowing eligible users to view MON token allocation and complete wallet connection on the page; it was reported that when the claim started, the performance of the cooperating wallet service declined due to excessive traffic, reflecting the market's attention to the project and the airdrop. The official has not yet disclosed the complete token economic model and specific allocation details, and the unlocking rhythm and long-term incentive structure of MON remain key points for future observation.
In terms of ecological layout, Monad plans to connect with top decentralized applications such as Uniswap, Magic Eden, and OpenSea at the time of its mainnet launch, and support mainstream wallets like Backpack, MetaMask, and Rabby, along with more options to lower the migration threshold for users and developers. Combined with its positioning of “compatible with Ethereum, performance benchmarked against Solana,” Monad is expected to carve out a niche in the intersection of DeFi, NFTs, and new public chain narratives; however, before the complete token economy and incentive mechanisms are made public, how the project establishes differentiated advantages among numerous EVM-compatible public chains, attracts sustained liquidity, and retains developers still depends on the actual performance after the mainnet launch and the level of ecological support.
Reference Materials:
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