How much key market intelligence did you miss on November 7?

Featured News

1.Binance will launch 1000000MOGUSDT perpetual contract with a maximum leverage of 75 times

2.The open interest of Bitcoin contracts on the entire network exceeded 46 billion US dollars, setting a new record

3.MakerDAO founder: Trump's victory will promote the real and sustainable revival of DeFi

4.Altcoins generally rose, and Bitcoin's market share was 8 Hourly drop of more than 2%

5.Wintermute proposed the "ENA fee conversion" proposal, suggesting that part of the protocol revenue flow to sENA

Trending topic

Source: Overheard on CT (tg: @overheardonct), Kaito

$COIN: Coinbase became the focus of discussion today, mainly because its stock price soared by more than 30% after the results of the US election were announced, and the pro-cryptocurrency government came to power, triggering market optimism. People have higher expectations that regulatory reforms will benefit the crypto industry, and it is expected that the lawsuit against Coinbase may be withdrawn. At the same time, the Coinbase application ranking has also risen rapidly, showing the return of retail interest. Additionally, speculation that Coinbase may add more meme coins and even launch a Coinbase token further fueled the bullish sentiment.

$COW: COW has received a lot of attention on Twitter for its listing on Binance and major exchanges such as KuCoin and BitMart, leading to a significant increase in its price. The listing is seen as an important step for the decentralized exchange CoWSwap, which is known for its anti-MEV and batch auction mechanisms. The community is optimistic about the prospects of the DeFi revival and believes that COW is a potential project. The listing coincided with the overall market rebound driven by the US political situation, further boosting interest in COW.

$ENA: ENA received a lot of attention today as Wintermute proposed to flip a fee switch on Ethena’s sENA, giving ENA holders a stake in the protocol’s growth. The proposal would have distributed a portion of Ethena’s revenue to sENA holders, and the news drove ENA’s value up 36%. Discussions also highlighted the impact of the recent US election, with DeFi tokens such as ENA expected to see a more favorable regulatory environment. Additionally, the overall rally in DeFi tokens following Trump’s victory also helped boost ENA’s performance, which rose 20% along with other DeFi tokens.

$AAVE: AAVE received a lot of attention today for multiple factors, including a rally in DeFi tokens following Trump’s victory, with expectations that the new administration will create a more favorable regulatory environment for cryptocurrencies. AAVE’s price rose significantly, with discussions highlighting its potential in the new DeFi ecosystem, its association with a Trump-related project, and its role in the expected DeFi renaissance. The token’s breakout from a long-term range and its integration with innovative projects such as AI agents and a new generation of DeFi platforms have also boosted its popularity.

Threads&Tweets

1. Who did your neighbors vote for? Instead of "Who did you vote for, @blader

2. The market enters the right opportunity, @0xNing0x

Selected articles

1. "40 million US dollars helped the Republicans win the Senate. The encryption industry bought half of Congress in this election"

BlockBeats

On November 6, according to the data of the Stand With Crypto website initiated by Coinbase, a total of 247 100 candidates who support cryptocurrencies won seats in the House of Representatives, while only 113 members opposed to cryptocurrencies. The Stand With Crypto website also shows that the Senate is also biased towards supporting cryptocurrencies, with 15 supporters and 10 opponents. Coinbase CEO Brian Armstrong praised the results of the parliamentary election as a watershed for cryptocurrencies, and wrote on Twitter: "Welcome to the most pro-cryptocurrency new member of Congress in the history of the United States."

2.《Musk all in Trump, it was premeditated?》

Jenn Brice, FORTUNE

Fortune magazine wrote in this article that Trump's coming to power may lead to loose policies, which will benefit Musk's companies. SpaceX and Starlink are expected to reduce regulatory pressure and win more government contracts; Tesla may also receive support in terms of autonomous driving regulation and electric vehicle tax incentives; The Boring Company and Neuralink may benefit from infrastructure projects and faster approval processes. Musk will use his relationship with Trump to influence policies in multiple fields and promote business development.

3. "Coinbase founder: Thinking about the US election from an encryption perspective"

Brian Armstrong

From a policy perspective, cryptocurrencies are here to stay, and we will continue to work until we see reasonable legislation passed to protect consumers and the industry from attacks. We will see this industry re-established in the United States. Coinbase and a16z have provided additional funding to Fairshake, which has already used approximately $78 million in the 2026 midterm elections. StandWithCrypto currently has 1.9 million supporters and has set a development goal of reaching 4 million supporters by the 2026 midterm elections.

Biggest Gainers & Losers

Token volatility on November 7, sorted by trading volume

Top Gainers

1.$NEIRO

2.$ENA

3.GRASS

Top Losers

1.$MASK

2.$MAGA

3.$MAGA

On-chain data

On-chain fund flow on November 7