Welcome to the most recent crypto market news. We'll talk about blockchain, cryptocurrencies, Defi, Cefi, NFT, AI, Web 3.0, and the global economy as a whole. You will be able to read every day about the most recent happenings in the global economy and cryptocurrency. These happenings include important things like changes in the market, new regulations imposed by governments on cryptocurrency, the adoption of cryptocurrency by banks, new cryptocurrency projects, and advancements in blockchain technology. 1. The general state of the market The total market cap is currently $3.83 trillion, and has decreased by 1.5%.
A 39-point reading on the Fear and Greed index, which measures investor sentiment, indicates that market sentiment is fear-based. In the last 24 hours, the market lost over $509.49 million, with $357.06 million coming from long positions. Bitcoin (BTC): The trading price decreased by 1.30 percent on the day to $113,550. Ethereum (ETH): In the past 24 hours, the price of Ethereum has decreased by 2.85% to $4,020.19. XRP: At $2.65, its price has dropped by about 0.88 percent. BNB: This coin's price is $1,116.99, down 2.40 percent in the last 24 hours. Solana: At $200.86, the price of Sol Coin is down 0.61 percent today. 2. Policy and Rules for the Market The granting of CZ's pardon by President Trump will be criticized by Democratic senators in the US. According to them, the wrong message is sent when the head of a crypto company is given a pardon after pleading guilty. A motion to establish a strategic Bitcoin reserve has been submitted by the AfD party in Germany. The long-awaited crypto guidelines have been issued by Australia's financial regulator. It stated that stablecoins, tokenized securities, and staking services are financial products while Bitcoin and some NFTs are not. 3. Institutional Investment and ETFs On October 28, the $BTC and $ETH exchange-traded funds received $202.4 million in Bitcoin and $246 million in Ethereum. BlackRock and Fidelity recently bought $174 million worth of Ethereum.
4. The Market and Whale Investments Bitmine, run by Tom Lee, recently acquired Ethereum worth $113 million (ETH). 5. Market Projects for Development BDACS, a South Korean-based cryptocurrency storage service provider, is partnering with Circle to launch a won-pegged stablecoin, KRW1.
Investors who have previously invested USD1 through exchanges will receive 8.4 million $WLFI tokens, World Liberty Financial announced. According to the CEO of the company, Visa has announced that it will accept payments in four stablecoins on four blockchains with support for converting to fiat. In 2024, 73,000 individuals reported $4 billion in cryptocurrency assets, up 30 percent from 55,880 in 2023, according to the Norwegian Tax Authority. Grayscale introduced $GSOL, which lets investors invest in Solana and earn rewards for "staking." 6. AI and Web 3.0
Mem0, a startup focused on “AI memory layer” technology (which helps AI systems efficiently remember past conversations), has received $24 million in funding to build a tool for developing next-generation AI.
7. Technology for Blockchain Ethereum's "Fusaka fork" update has officially launched on the Hoodi testnet, paving the way for the December 3rd launch of the mainnet with security improvements and capacity expansion.
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