Welcome to the most recent news about the crypto market. We'll talk about crypto, blockchain, 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 $3.39 trillion, and has decreased by 2.37%.
A 20 percent reading on the Fear and Greed index, which measures investor sentiment, indicates that market sentiment is extremely fearful. Over the past 24 hours, the market has lost over $1.70 billion, with $1.30 billion coming from long positions. 2. Market Rules and Policy
Before President Trump signed the CZ waiver into law, the White House said it was "very substantial" and went through a thorough review process. Similar to the US GENIUS Act, Canada has announced plans to regulate stablecoins by including a regulation in its 2025 federal budget. Cambodia is poised to become one of the first countries to store gold in partnership with China.
3. ETFs and Institutional Investment
Bitcoin and Ethereum ETFs have seen nearly $800 million in outflows.
Meanwhile, Solana ETFs have attracted six consecutive days of inflows, indicating growing investor interest in Solana.
On November 4, ETFs holding Bitcoin ($BTC) and Ethereum ($ETH) witnessed yet another record month of withdrawals, with $566.4 million in Bitcoin and $219.4 million in Ethereum being taken out. Meanwhile, $14.9 million was added to the Solana ETFs ($SOL) portfolio. 4. Whale Investments Affecting the Market
After purchasing $BTC and $ETH, a major trader is in the red for $3.28 million. Shares of Sequans Communications fell 16% after selling 970 $BTC worth $105.3 million.
5. Emerging Market Projects
The Madras High Court in India has legally recognized $XRP as property, giving it full legal protection under the penal code.
6. 3.0 AI and the Web CleanSpark is expanding its AI capabilities by purchasing a 271-acre Texas plot of land where it will construct a 285 MW supercomputer center. 7. Blockchain Technology
Berachain has confirmed that it has recovered approximately $12.8 million after exploiting a flaw in its BEX / Balancerv2 pools. The team expressed gratitude to a white-hat hacker for assisting in the recovery of the funds and is gradually resuming normal operations.
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