Welcome to the latest news on the Cryptocurrency market, the topics we will discuss include, Cryptocurrency, Blockchain, Defi, Cefi, NFT, AI, Web 3.0, and the global economy in general.
Here you will read daily the latest events in the global economy and Cryptocurrency, which include important things such as market changes, new regulations imposed by governments on Cryptocurrency and the adoption of crypto by banks and new projects in Cryptocurrency, developments in Blockchain Technology.
1. General Market Situation
The total market cap is currently $3.48 trillion, and has decreased by 1.32%.
A 25 percent reading on the Fear and Greed index, which measures investor sentiment, indicates that market sentiment is extremely fearful. Over $568.77M was lost in the market in the past 24 hours, with $456.57M coming from long positions. 2. Policy and Rules for the Market US President Donald Trump has signed an executive order to end the 43-day US government shutdown. Taiwan’s central bank is planning to test a strategic Bitcoin reserve as part of its national financial plan.
Dubai court freezes $456 million in bailout money Justin Sun gave to TrueUSD developer Techteryx.
3. Institutional Investment and ETFs Bitcoin and Ethereum ETFs recorded outflows on November 12, with Bitcoin losing $278.1M and Ethereum losing $183.7M.
Solana ETFs saw new inflows of $18.1M.
The first $XRP spot ETF, known as XRPC, is expected to officially launch on Thursday, pending final approval from Nasdaq.
Solana ETFs have been consistently gaining new investors since their launch.
4. Whale Investments Affecting the Market
BlackRock clients sold 26,610 $ETH worth $91.09 million.
5. Development Projects in the Market
The Bitcoin conference is taking place in Amsterdam today, and Gelle Bashir is representing us, so you can follow us on our X page at Gelle Crypto.
Bitcoin Depot, the largest Bitcoin ATM company in North America, has expanded its presence in Hong Kong.
Sui is launching its own stablecoin, USDsui, which is being developed by Bridge, and is expected to officially launch this year.
6. AI and Web 3.0
Meta has hired four former OpenAI researchers to bolster its AI efforts, demonstrating a strong commitment to advancing the skills and capabilities of Artificial Intelligence.
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