Crypto News & Market Updates

Ethereum liquid staking protocol Lido announced on X that it will deactivate the GGV vault. GGV users can migrate their positions to the EarnETH vault or withdraw funds. Before November 17, users can redeem GG tokens for wstETH. After that, GGV positions will be held in WETH, and users will only be able to withdraw WETH. This adjustment does not affect existing EarnETH holders.

Deep Tide TechFlow news, on November 14, according to the official news from DFINITY Foundation, Internet Computer developer DFINITY introduced the sovereign cloud service Cloud Engines. The organization stated that this service aims to resist cyber attacks, handle data center failures, and support secure construction of applications by agents as well as next-generation AI applications. DFINITY founder Dominic Williams said that the foundation has started issuing Cloud Engine usage vouchers, currently progressing slowly, and will accelerate issuance in the coming weeks while processing the waiting list.

ChainCatcher news: On November 11, the Polkadot community approved a new strategy proposed by the Polkadot Community Foundation (PCF) through the decentralized governance system with 97% voting support. This strategy calls for focusing efforts and resources on the upcoming Polkadot product platform, with direct user acquisition as the core direction. The product platform is positioned as an application hosting layer that prioritizes user privacy and data rights, anchored by dotStables, with the first asset being dotUSD. The design goal is to accumulate value for DOT through usage. According to the authorization confirmed by DOTDAO, the new strategy centers on a product platform that brings users directly to products. Products on the platform should offer an experience close to applications users are already familiar with, adopting a free, simple username and mobile-first approach, while allowing users to decide the scope of data sharing themselves. PCF plans to provide the first mobile-centric solution through the Polkadot App, a flagship application that will support private messaging and digital cash payments. dotStables will start with dotUSD, which tracks the US dollar and is backed by DOT; the Polkadot Technical Fellowship will oversee dotUSD and other dotStables, cooperating with independent audits and risk management. The new strategy also specifies the allocation of shared funds and resources, advocating a shift from general marketing services to incentive activities directly linked to measurable user engagement, ensuring expenditures serve product growth authorized by DOTDAO. Products on the product platform aim to attract users, whose activities in turn generate demand for the DOT-backed stable value assets dotStables. According to the authorization, the design of dotStables should ultimately enable this demand to convert into demand for DOT.

Odaily Planet Daily reports that Arbitrum posted on the X platform stating that GMX USD vault liquidity providers can deposit GLV [USDG-USDG] positions as collateral into Morpho and borrow USDG, while continuing to earn GMX trading fees. Gauntlet has included this market in its Gauntlet USDG Premium vault.

Deep Tide TechFlow news, on November 14, according to Cointelegraph, Bitcoin infrastructure company Blockstream has partnered with French technology group Thales to launch an institutional digital asset custody solution, combining Thales' hardware security modules with Blockstream's secure multiparty computation technology. Blockstream stated that the solution executes the complete signing protocol within the protected environment of the hardware security module. Co-founder and CEO Adam Back said that traditional multiparty computation protocols are complex and require frequent device communication, making them difficult to use for fully offline cold storage; he advocates for institutions to use cold storage to reduce the risk of network attacks and potential AI-assisted attacks.

Odaily Planet Daily reports that Solana posted on the X platform stating that Solana Confidential Compute has now entered the testing phase.

Deep Tide TechFlow news, on November 14, according to the Aave governance forum disclosure, the risk management organization LlamaRisk proposed the LlamaGuard Caps plan, intending to introduce dynamic borrowing caps for Aave V3 to limit the borrowing growth rate of each reserve asset. The plan proposes to automatically replenish borrowable limits based on borrowing demand and shrink excess limits after large repayments or liquidations; cap increases are calculated by Chainlink CRE, with related boundaries executed on-chain. Approved large borrowers and institutional clients can borrow through dedicated channels. The plan is still at the proposal stage.

ChainCatcher news: Bitwise CEO posted on the X platform that now a minimum of 1 million USD is enough to conduct physical Bitcoin ETF trading, a significant reduction from 50 million USD a year ago. He thanked the team and partners for their efforts in expanding participation channels.

Texas Pacific Land Corporation (NYSE: TPL) achieves a Return on Invested Capital (ROIC) of 30.81%, significantly above its Weighted Average Cost of Capital (WACC) of 7.73%. The company's ROIC-to-WACC ratio of 3.98 is the highest among the companies analyzed. While Tejon Ranch Co. destroys value, other companies like Matador Resources Company, Viper Energy, Inc., MarketAxess Holdings Inc., and The St. Joe Company also demonstrate value creation. Texas Pacific Land Corporation (NYSE: TPL) creates value with a return on invested capital (ROIC) of 30.81%, above its weighted average cost of capital (WACC) of 7.73%. Its ROIC-to-WACC ratio of 3.98 is the highest among the companies listed. Tejon Ranch Co. (NYSE: TRC) destroys value: its ROIC of 0.37% falls below its WACC of 6.72%. Matador Resources Company (NYSE: MTDR) creates value with a ROIC of 9.18% against a WACC of 7.22%. Viper Energy, Inc. (NASDAQ: VNOM) also creates value, with a ROIC of 7.69% and a WACC of 5.33%. MarketAxess Holdings Inc. (NASDAQ: MKTX) creates value with a ROIC of 19.93% and a WACC of 8.52%. The St. Joe Company (NYSE: JOE) does the same, with a ROIC of 11.65% above its WACC of 10.80%.