PANews reported on November 9th that Liquid Capital founder Yi Lihua posted on the X platform, stating: "We are targeting $7,000 for ETH in this round. Nothing is more important than the midterm elections, and nothing is more beneficial to the midterm elections than distributing money. Recalling the 2020 bull market, the core driving force was also the distribution of money to the general public. Recent investment research data is all positive, and with the market shorts already fully mobilized, everything is ready to start a new bull market. We just need to wait patiently and try to avoid contracts, as the spot market is already volatile enough. In fact, since the ETH rally started in April, it has only been a few months. As Buffett said, no one wants to get rich slowly because humans have a genetic instinct to be impatient for quick results, and we need to work hard to overcome these human weaknesses."



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more