Mars Morning News | BTC sees heavy turnover and high-volume bottoming structure, a typical short-term bottom signal

Cardano Experiences Brief Chain Split Due to Old Code Vulnerability, CEO Says FBI Has Launched Investigation

According to Cointelegraph, the Cardano network experienced a temporary chain split due to a "malformed" delegation transaction. Such delegation transactions refer to transactions that delegate ADA to staking pools, which, while valid at the protocol level, may cause code failures and affect network functionality. According to an incident report released by Cardano ecosystem organization Intersect, the "malformed" transaction exploited an old code vulnerability in Cardano's underlying blockchain software library, causing nodes to diverge in how they processed the transaction, ultimately resulting in a network split. The vulnerability was triggered by an ADA staking pool operator named Homer J, who used AI-generated code to push the transaction and has admitted responsibility for causing the network split. Staking pool operators have been asked to download the latest version of the node software to fix the issue and reintegrate the split chains into a single, complete blockchain. This temporary split has sparked debate within the Cardano community, with some believing Homer J's actions helped expose a critical vulnerability, while others, such as Cardano founder Charles Hoskinson, called it an attack on the Cardano network, and the FBI has launched an investigation. One user joked: "No one noticed Cardano's network partition because no one uses it."

Probability of Fed Cutting Rates by 25 Basis Points in December Now at 71%

On November 22, according to CME "FedWatch" data, the probability of the Federal Reserve cutting rates by 25 basis points in December is 71%, while the probability of keeping rates unchanged is 29%.

CoinKarma: BTC Sees Heavy Turnover and Volume-Stabilized Structure, a Typical Short-Term Bottom Signal

Crypto trading indicator analysis platform CoinKarma posted on social media that, based on technical indicator CVD, after BTC lost key medium- and long-term levels this week, it has faced strong selling pressure for several consecutive days, accelerating the decline. However, we also noticed that spot trading volume at BTC daily close has reached recent highs across multiple trading platforms, indicating significant turnover in the market. This kind of heavy turnover and volume-stabilized structure is a typical short-term bottom signal.

Bitwise Advisor: Market Volatility Patterns Show Traders Expect a Quick Rebound, Volatility May Remain High

On November 23, Bitwise advisor Jeff Park posted on social media that a notable phenomenon in the recent sell-off is that market volatility patterns are more akin to "strike price stickiness" rather than "Delta stickiness." (This means the sell-off was not driven by mechanical dynamic hedging by market makers, but by market participants' concentrated views and actions at specific price points—strike prices.) This is in stark contrast to market behavior during "unlock days." This pattern sends two possible signals: first, traders believe the market may see a quick rebound; second, volatility will likely remain at high levels.

Port3 Exploited This Morning: Hacker Mints, Dumps, and Burns Tokens, Price Drops Over 82%

On November 23, AI agent Port3 Network issued a security alert on social media this morning, stating that a hacker exploited a BridgeIn vulnerability to mint an additional 1 billion tokens. To protect users, the team has removed some liquidity and is preparing to communicate with the hacker. On-chain data shows the hacker dumped a large number of tokens on-chain but did not deposit them into CEX. Subsequently, the Port3 team removed on-chain liquidity, preventing the hacker from further cashing out. Some trading platforms also closed deposit channels. The hacker ultimately burned all remaining tokens. Market data shows that as of press time, this incident caused the PORT3 token to drop 82.8%, falling from $0.037 this morning to a low of $0.0066, now rebounding to $0.0086, with a market cap of only $4.05 million and FDV of $8.11 million.

Banmuxia: $80,500 Is an Important Low in This Bear Market, But It Doesn't Mean the Bear Market Is Over

On November 23, well-known Chinese crypto analyst Banmuxia posted on social media that bitcoin's "bullet is in the chamber" moment has arrived, and $80,500 can basically be confirmed as an important low for this bear market, possibly even the lowest point. However, this does not mean the bear market is over. This bear market has lasted for more than three months and could continue for another 3-4 months, but it is a sideways bear market. (ps: This is just analysis; specific trading should be planned accordingly. However, spot can be steadily bought and held until the next bull market ends.)

From $3.1 Billion to $10 Billion TVL? Aave's Next Growth Engine May Be Ordinary People Who "Don't Speculate on Coins"

Aave has launched a retail savings app, offering a 6%-9% stablecoin yield, challenging traditional banking models and leveraging DeFi infrastructure to attract mainstream users.

Single Point Crisis: The Moment for MMs to Exit Center Stage Has Arrived

The article explores network effects in the crypto market, the role of market makers, market recovery phenomena, and the law of natural monopoly, pointing out changes in market structure and new industry trends.