1.Bitcoin dipped below $18,000 before recovering on higher-than-average spot volume. Meanwhile, ether’s price performance is showing a divergence from bitcoin. Bitcoin (BTC) trading around $18,374 as of 21:00 UTC (4 p.m. ET). Slipping 0.85% over the previous 24 hours, which trading range was between $17,990 and $18,752.
2. According to the ChainNews, the decentralized insurance protocol InsurAce Protocol has completed a $1 million seed round led by DeFiance Capital. The other investors are Huobi DeFi Labs, ParaFi Capital, Hashed, Signum Capital and LuneX Ventures. InsurAce Protocol is a community-driven open insurance platform in China, which aims to provide insurance services for DeFi users. Portfolio Based Insurance created by InsurAce Protocol can not only bring a more convenient user experience, but also effectively reduce insurance costs. At the same time, InsurAce will also introduce an SCR mining plan. Users will inject sufficient liquidity into the insurance fund pool through pledged assets and obtain platform tokens as rewards, thereby providing greater insurance capacity and higher returns. InsurAce stated that it will build a DeFi investment segment based on insurance based on traditional insurance company business models, insurance escort investment, and insurance services for investment income denial, and finally build a two-wheel drive model of insurance + investment to create a safe DeFi portal, and continue to create revenue for users.
3. According to OKLink data, the current Ethereum 2.0 deposit contract address has received 500,928 ETH, which is 95.54% of the minimum requirement of 524,288 ETH to start the Ethereum 2.0 genesis block. According to the previously published online rules, if the minimum ETH deposit amount to be launched can be met 7 days before December 1, the Ethereum 2.0 network will be launched on that day, otherwise it will be launched 7 days after the minimum pledge amount is met. At the same time, Ethereum continued to rise. It once exceeded US$620. It rose by more than 10% in 24 hours and by more than 32% in 5 days. It rose by nearly 60% this month. It continued to hit its new high since June 2018. OKEx temporarily reported 618.95 USDT. The currency is temporarily quoted at 619.44 USDT, and Binance is temporarily quoted at 619.00 USDT.
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