Morning Report | The Nasdaq Composite Index rose by 1.6% on November 11; Miami-Dade County supports paying property taxes with Bitcoin

Compiled by: ChainCatcher

### Data from the Past 24 Hours

Bitcoin is currently priced at $74,015, up 0.3% in the past 24 hours, with a high of $74,811 and a low of $73,209. Ethereum is currently priced at $2,056.36, up 0.2% in the past 24 hours, with a high of $2,103.78 and a low of $2,035.83. The current Crypto Fear and Greed Index is at 30, indicating fear, down 1 point from the previous reading. The S&P 500 closed at 7,619.38 points on November 11, up 1.3%. The Nasdaq Composite closed at 25,466.19 points on November 11, up 1.6%. The Dow Jones Industrial Average closed at 52,486.49 points on November 11, up 0.5%.

### Important Events in the Past 24 Hours

**1. [Miami-Dade County Supports Bitcoin for Property Tax Payments](https://www.chaincatcher.com/en/article/2303661)**

Dariel Fernandez, the tax collector of Miami-Dade County, Florida, announced that local property owners can now pay property taxes online or at county tax service points using Bitcoin. Taxpayers can make payments through supported cryptocurrency exchange accounts or digital wallets. This cryptocurrency payment method is optional, and traditional payment methods such as checks, credit cards, debit cards, and cash remain valid and unchanged. Bitcoin payments will be automatically converted to USD by a third party at the time of payment, and the county tax department will collect the full tax amount in USD, without directly holding cryptocurrency.

**2. [Former Ripple CTO Sells Most of His Crypto Assets](https://www.chaincatcher.com/en/article/2303640)**

David Schwartz, the former Chief Technology Officer of Ripple, stated that he has sold off the vast majority of his cryptocurrency holdings due to a lower personal risk tolerance. Schwartz revealed that his crypto asset holdings have decreased from approximately 26 million XRP, 1,500 BTC, and 40,000 ETH to about 3 million XRP, 1 BTC, and 6 ETH.

**3. [Across Protocol Warns Users to Pause App Usage](https://www.chaincatcher.com/en/article/2303522)**

Cross-chain bridge protocol Across Protocol issued a warning on Tuesday on the X platform, stating that it is investigating a potential security incident and advising users to temporarily refrain from accessing its app or connecting wallets, as well as not signing transactions or authorizations. The protocol did not specify the nature of the incident and did not confirm whether its website had been compromised. Several users reported fund losses on X.

**4. [Morgan Stanley Transfers SOL to Coinbase Prime](https://www.chaincatcher.com/en/article/2303473)**

According to Onchain Lens monitoring, Morgan Stanley transferred 48,828 SOL (approximately $4.01 million) from its MSOL Solana ETF wallet to Coinbase Prime.

**5. [Huang Licheng Sells Bored Ape NFTs at a Loss](https://www.chaincatcher.com/en/article/2303656)**

According to Lookonchain monitoring, Huang Licheng sold 31 Bored Ape NFTs at a loss over the past week, accumulating approximately 231 ETH, worth about $506,000, and subsequently incurred losses on the entire transaction.

### Meme Popularity Rankings

According to data from the meme token tracking and analysis platform GMGN, as of November 12, 08:00

The top five popular tokens in the past 24 hours for ETH are: MAX, GTA6, BALANCE, SEPPUKU, mihao

The top five popular tokens in the past 24 hours for Solana are: Max, mihao, NIHAO, HOLD, Dacity

The top five popular tokens in the past 24 hours for Base are: AERO, XDP, NVDAc, SOL, REVVY

The top five popular tokens in the past 24 hours for BSC are: BNCB, JAGENT, Awesome, ZERO, Cockroach

### What Are Some Must-Read Articles from the Past 24 Hours?

**[Gemini 4 Carbon Global Launch: Multi-Agent Swarm Mode Goes Live, Three Major Evaluations Top the Charts with Lower Costs](https://www.chaincatcher.com/en/article/2303635)**

Google officially launched the next-generation flagship Gemini 4 Carbon globally: the /swarm multi-agent swarm mode is now online, allowing the entire "AI team" to work in parallel; all three major production evaluations ranked first and at lower costs, providing 10,000 free six-month premium access slots for research users.

**[From Shorting Stablecoins to Building Chains: Airwallex Founder Zhang Shuo's Shift and the Payment Settlement Layer Battle](https://www.chaincatcher.com/en/article/2303637)**

Jack Zhang, founder of Airwallex, previously asserted on X that "for 15 years, cryptocurrencies have not solved any real-world problems"; now the company has launched the Alta chain and is creating its own stablecoin settlement. This article outlines this shift and the battle for the settlement layer among payment companies.

**[Multicoin Partner: AI Can Write Protocols but Cannot Create DeFi Moats](https://www.chaincatcher.com/en/article/2303563)**

Spencer Applebaum believes that AI is significantly reducing the cost of building DeFi software, but customer relationships, capital, and proprietary data remain difficult to replicate. Projects with distribution, balance sheets, or underwriting capabilities will hold pricing power, while pure software protocols will be commoditized. Startups can first enter markets that giants are unwilling to touch and then solidify risk preferences into long-term moats.

**[Inflation Stickiness Persists: CICC Maintains December Rate Hike Judgment of 25 Basis Points](https://www.chaincatcher.com/en/article/2303585)**

We maintain our baseline judgment of a 25 basis point rate hike in December, with the current tightening pace still leaning towards gradual and moderate.

**[NVIDIA Loses $430 Billion in Two Days, Microsoft Temporarily Regains Second Place in Global Market Value](https://www.chaincatcher.com/en/article/2303567)**

NVIDIA's market value has evaporated by $1.2 trillion over ten trading days, losing nearly $2 trillion from its historical peak. Behind the sharp drop in stock price, Jensen Huang is mired in multiple crises—shareholders have filed a class action lawsuit, the FBI is investigating, the House of Representatives plans to issue subpoenas, and the board has initiated an independent investigation, with governance risks fully fermenting.