DeFi Daily News,November 6th, 2020

1. Bitcoin is hitting fresh highs during a surge past $15,000 while investors may be overlooking the upside of ether in 2020. Bitcoin (BTC) trading around $15,087 as of 21:00 UTC (4 p.m. ET). Gaining 7.7% over the previous 24 hours, which trading range was between $14,005 and $15,306.

2. According to the ChainNews, the compound fork project Percent Finance issued an announcement stating that some currency markets of the agreement have encountered problems that may lead to permanent lock-in of user funds. The main reason is that the interest rate model update carried out earlier today led to USDC, WBTC and ETH markets were frozen. A total of 446,000 USDC, 28 WBTC and 313 ETH were locked. At the current market price, the total is about 966,000 US dollars, of which about 50% belong to the community mod team wallet. Currently users cannot deposit, borrow, repay, or withdraw money in these currency markets. Percent Finance will contact Circle, Coinbase and BitGo to help unlock these funds. However, the frozen ETH seems irreversible, and the team is currently working on a solution.

3. According to data from Tokenview.com: as of 8 o’clock this morning, the Ethereum 2.0 deposit contract address has received 34720 ETH deposited by 138 creation validators, accounting for 6.62% of the total target (524288 ETH). The top three deposited 13,888, 3232, 3,200 ETH respectively, and the current ETH holdings on the Ethereum 2.0 deposit contract rank 403.

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