71% of traditional hedge funds plan to increase their investment exposure in Bitcoin and cryptocurrency assets within the next year. （Bitcoin Archive）

[RHEA Finance Completes Buyback of 2.5 Million RHEA Tokens and Issues First oRHEA Rewards] The lending market supporting privacy coin ZEC, RHEA Finance, has announced the completion of a buyback of 2.5 million RHEA tokens, following a previous buyback of 5 million RHEA tokens. Additionally, RHEA Finance issued its first oRHEA rewards yesterday, with exchanges to be conducted on a monthly basis.

Ripple announced the cancellation of its initial public offering (IPO) plan, despite receiving legal and new investor support, and completing a $500 million funding round, resulting in a company valuation of $40 billion. （Cointelegraph）

[U.S. October New York Fed 1-Year Inflation Expectation Drops to 3.24%] The U.S. October New York Fed 1-year inflation expectation is 3.24%, down from the previous value of 3.38%. The New York Fed stated that expectations for future financial conditions declined in October, the outlook for commodity prices showed mixed results, and households' views on the labor market outlook were mostly negative.

[CryptoQuant: Increased Selling by Bitcoin Long-Term Holders, Decline in New Demand] On November 7, CryptoQuant's Head of Research Julio Moreno analyzed that it is normal for Bitcoin long-term holders to sell during a bull market, which usually occurs when prices hit new highs. In early and late 2024, as demand grows, the selling by long-term holders is expected to increase simultaneously, driving prices to new highs. However, since October this year, selling by long-term holders has increased, but new demand has declined, making it difficult to absorb the supply at higher prices.