11/7 Summary: Ethereum's audit blocks have exceeded 70%, MNDE has the highest weekly increase

The daily digest compiles less-covered news, long articles from overseas, celebrity opinions, funding news, and significant changes in data in the cryptocurrency field, saving readers valuable time. This article summarizes information up to 11/7 16:00.

Market Data

NFT Trading Volume Drops 30% MoM, Independent Traders Increase by 18%

Dapp Radar reports that the NFT market trading volume is $662 million, down 30% from September, but the number of independent traders has increased by 18% to 1.11 million.

Band Protocol Surges Over 3x

CryptoRank identifies the coins with the highest weekly gains, with Band Protocol (BAND) surging by 225.8% since 11/3, currently at 147.52%.

On 11/3, BAND officially announced the upgrade to version V2.4, but the community does not believe this is the reason for the surge as per this tweet.

Top Coin of the Week

This chart is also compiled by CryptoRank.

IEO Platforms ROI Statistics

CryptoRank calculates the ROI of major IEO platforms as of 11/4, with Binance leading with an average ROI of 2,647%, followed by CoinList and FTX.

Crypto Current Affairs

WSJ: Meta Prepares for Large-Scale Layoffs Affecting Thousands

The Wall Street Journal reports that Meta's employee count exceeded 87,000 as of September, with thousands expected to be affected in the first large-scale layoffs in its 18-year history.

Solana Smartphone Launch Imminent, U.S. Users to Enjoy 30 Days of Free Helium Mobile Service

Solana blockchain previously announced the launch of the crypto-based Saga phone in Q1 next year, set for mid-December release, with partner Helium offering related promotions.

Web3 Foundation: DOT Now Transformed into "Software," No Longer a Security

Polkadot Foundation's Web3 Foundation declares, after three years of active collaboration with the SEC, that Polkadot's native token DOT is now considered software, not a security.

Co-founder of Bankless, Ryan Sean Adams, expresses skepticism and tags SEC Chairman Gary Gensler to verify.

FTX and Binance Updates

• Full Record of Binance vs. FTX Drama!

• The Block's Research Director: Probability of FTX Bankruptcy Approaching 0

• Significant Withdrawals of Stablecoins from FTX, Over $300 Million Flowing into Binance!

Regulations

Over 70% of Ethereum Blocks Now Screened

MEV Watch data reveals that post-merge, Ethereum blocks excluding sanctioned addresses have reached 74% in compliance with OFAC policies.

This data has been steadily rising post-merge, starting around 25% in early October and reaching 60% by the end of October.

Former House Speaker Joins Paradigm Policy Team

Former House Speaker Paul Ryan will assist the team in formulating crypto policies.

Justin Slaughter, Paradigm's policy head, states that the group will hold weekly meetings and host a crypto education event for legislators in Washington on 11/16, with Paul Ryan in attendance.

Long Reads, Celebrity Insights

MacnBTC｜How to Start in Crypto Markets with No Money?

Dapp Radar｜October Market Review

SushiSwap｜October Protocol Review

Messari｜TRON Q3 Review

Messari｜NEAR Q3 Review