BlockBeats News, November 19, according to CoinDesk, cryptocurrency incubator Obex has completed a $37 million financing round, with the specific investment team yet to be disclosed.

The new funds will be used to support the development of yield-bearing stablecoins led by Framework Ventures, LayerZero, and the Sky ecosystem. The initiative aims to invest in and fund projects that bring real-world asset (RWA)-backed strategies on-chain, introducing institutional-grade risk controls and underwriting practices to this rapidly evolving space.

Obex will become the latest fund allocator under Sky (formerly known as MakerDAO). Sky is the entity behind the DAI and USDS stablecoins, with a combined market cap of $9 billion. Through Obex, Sky will utilize its significant protocol reserves to provide expansion funding for projects and earn returns from these strategies.

BlockBeats News, November 18th, according to LookIntoChain monitoring, a whale address sold 31,005 ETH (worth $92.19 million) 6 hours ago, losing $18.8 million in just 2 weeks.

From November 3rd to November 10th, the whale had been buying the dip, acquiring 30,838 ETH at an average price of $3,581 per ETH (valued at $110.43 million at the time).

BlockBeats News, November 18th, Hashed CEO and Managing Partner Simon Kim stated on social media:

「To be frank, as someone who has traversed all bull and bear markets in the crypto space since 2015, this is the first time I have not felt substantial fear in a bear market. Asset shrinkage is still painful — the fate of all bear markets — but this time is fundamentally different.

Every past bear market has been accompanied by existential anxiety, fearing the complete demise of this technology and market. The threats back then were palpable: governments could collectively ban crypto assets, or a new ledger technology could disrupt blockchain. However, regardless of daily price fluctuations, this bear market no longer has these fundamental concerns.

Global regulation is evolving to foster industry growth rather than suppress it, with more and more institutional investors recognizing the value of such assets. The Harvard endowment fund listing IBIT as a top holding is highly symbolic, and stablecoin metrics hit record highs monthly. By 2030, the stablecoin issuance will grow tens of times larger than it is now, and billions of people globally will interact with digital assets through everyday fintech and large tech applications (rather than trading platforms).

Everything is becoming tokenized, and the prosperity of on-chain ecosystems is now a foregone conclusion. Cyclical volatility is temporary, but the fundamentals are irreversibly advancing. Let us remain patient and wait a little longer; the moment when prices catch up to the fundamentals is not far off.」

BlockBeats News, November 18th, according to Coinglass data, if Bitcoin rebounds above $93,000, the cumulative short liquidation strength of mainstream CEXs will reach $1.186 billion.

Conversely, if Bitcoin falls below $89,000, the cumulative long liquidation strength of mainstream CEXs will reach $1.155 billion.

BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of contracts liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., strength.

Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will experience a more intense reaction due to a liquidity cascade when it reaches that level.

BlockBeats News, November 18th, according to on-chain data analyst Yu Jin's monitoring, a whale group that bought the dip in ETH 8 days ago liquidated today, losing $13.73 million in a week.

It is reported that this group bought 22,880 ETH at a price of $3,570 on November 10th (approximately $81.68 million), and sold all of it 5 hours ago for $67.95 million. The average selling price was $2,970, with a per ETH loss of $600.

The USDT of this whale group was mostly withdrawn last year from Binance, Mexc, HTX, and other exchanges through multiple addresses, then bought ETH at the dip 8 days ago, and today consolidated it to 4 addresses for sale.

BlockBeats News, November 18th, Cryptoquant analyst Axel posted on social media, stating that the current stock market volatility is rising in sync with the rate/credit market volatility, indicating that the market is shifting to risk-off mode. In this environment, funds and institutional investors are starting to significantly reduce their portfolio risk exposure.

The price of gold has fallen for four consecutive trading days, currently retreating to the $4,033 level. Investors are closely watching several delayed U.S. economic data releases scheduled for this week.

The key catalyst will be the Federal Reserve meeting minutes set to be released at 3 a.m. Thursday Beijing time, providing not only forward guidance on the interest rate path but also assisting the market in assessing the short-term trajectory of monetary policy.

Furthermore, the artificial intelligence sector is adding additional pressure to the market. Ahead of Nvidia's third-quarter earnings report after Wednesday's market close (5 a.m. Thursday Beijing time), investors are feeling nervous, as this company has always been a key market indicator in the entire AI field.