Greenidge: Stock price rises after resolving New York licensing dispute

[Analyst Says U.S. Government Shutdown Ending May Impact Fed's December Rate Cut Decision] Spartan Capital Securities analyst Peter Cardillo stated that gold futures rose due to expectations that government data will resume normal release after the U.S. government shutdown ends. He believes that the unpublished macroeconomic data may reveal stubborn inflation and a labor market weaker than the ADP report, which could prompt the Federal Reserve to cut rates in December, despite the Fed's previous cautious stance.

[Uniswap Team Proposes to Activate Protocol Fee Switch] On November 11, Uniswap Foundation Executive Director and Co-Founder Devin Walsh, together with Uniswap Founder Hayden Adams, jointly proposed a governance proposal to activate protocol fees and achieve unified incentive mechanisms within the Uniswap ecosystem.

Uniswap plans to activate a fee switch while reducing the supply of UNI tokens, which may affect market liquidity. The current market value of UNI is $713.1 million, and further confirmation is needed regarding this information. （BWEnews）

[Whale Address Buys 23,501 ETH and Borrows 40 Million USDT to Transfer to Binance Today] On-chain data shows that a whale address bought 23,501 ETH today, valued at approximately $82.63 million. Previously, this address accumulated 257,543 ETH during market downturns. Additionally, the address has newly borrowed 40 million USDT and transferred it to Binance, possibly preparing for further position increases.

**[Kynikos Founder Jim Chanos Closes MSTR and Bitcoin Hedge Trade]** Jim Chanos, founder of Kynikos Associates, has announced the closure of his hedge trade involving MSTR stock and Bitcoin. The trade was established in May, betting on the narrowing of the premium between MSTR's stock price and the value of its Bitcoin holdings. Currently, MSTR's price-to-book ratio has dropped from its yearly high of 1.8x to 1.1x, with the premium shrinking by over 50%. Chanos had previously warned about SPAC-style speculative risks for companies holding Bitcoin, arguing that their valuation premiums lack fundamental support. He also criticized other Bitcoin treasury companies for relying on financial engineering, cheap capital, and market frenzy in their trades.