Latest Crypto News and Market Updates – November 6

1. Crypto Market Rebounds Strongly

The crypto market surged alongside U.S. crypto-related stocks. The rally was driven by a technical rebound on Wall Street, optimism over the potential U.S. government reopening, and pro-crypto remarks from Donald Trump.

2. GIGGLE Token Soars 430%

$GIGGLE skyrocketed 430%, reaching a $250 million market cap. GiggleFund announced that Binance will begin burning GIGGLE tokens using part of its donation-based trading fees starting December 1.

3. Binance-Themed Meme Tokens Explode

Binance-related meme tokens surged in trading volume. $ASTER climbed back above $1,059, and CZ’s long position is now profitable — traders are advised to keep a close watch.

4. Solana Meme “1” Hits $36 Million Market Cap

The meme token “1” on Solana hit a $36M valuation after WLFI revealed plans to hold it as a strategic reserve. The saying “You can’t lose if you don’t buy” circulates again among investors.

5. 1inch Fund Deposits $5M to Exchanges

The 1inch team transferred $5 million in assets to CEXs, pushing $1INCH up 29%. Known as “pro traders,” they’ve successfully bought bottoms and sold tops consistently for two years.

6. Bitmine Accumulates 20,205 ETH

Bitmine added 20,205 ETH (worth $69.9M) to its holdings. Despite the heavy accumulation, ETH price remains stagnant — a patient long-term strategy continues.

7. MetaMask Perpetuals Surpass $1B in Volume

MetaMask’s perpetuals platform exceeded $1 billion in trading volume. Despite criticism on X (Twitter), “smart money” continues farming profits quietly — not a playground for beginners.

8. Stable Project Prepares Phase 2 Fundraising

Stablecoin project “Stable” is launching Phase 2 of its deposit round, capped at $500M. The previous round was entirely filled by insider whales — investors are urged to act quickly.

9. Whale Watch Update

 - Machi holds a 25x ETH long worth $9.5M, still in profit.

 - The “100% Winning Whale” lost $45M, now back to breakeven.

 - “Insider Whale” currently holds 5x BTC & ETH longs — in the red.

10. BONK Launches Junk.fun Platform

$BONK introduced Junk.fun, enabling users to burn tokens or NFTs to reclaim SOL rent and earn event participation points — a creative and engaging initiative.

11. Galaxy Research Lowers BTC Year-End Target

Galaxy Research revised its year-end BTC target from $185,000 down to $120,000 due to waning investor enthusiasm and capital rotation toward gold and AI stocks.

12. Analyst Li Yihua’s Outlook

Li Yihua commented, “The U.S. government is set to reopen soon. ETH remains fundamentally strong. When others are fearful, be greedy — DCA is still the best strategy.”

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.