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.
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. General Market Situation
The total market cap is currently $3.42 trillion, and has increased by 0.36%.
The Fear and Greed index, which is a measure of investor sentiment, shows that it is 24%, which means that the market sentiment is very fearful.
In the last 24 hours, the market lost more than $322.23 million, with short positions accounting for $176.98 million of that loss. A US court has ruled that the FBI cannot be held liable for the deletion of data from a hard drive containing 3,400 Bitcoins, as the owner initially denied ownership until he later claimed ownership.
The ruling raises the total number of unrecoverable Bitcoins to approximately 3.7 million BTC, or 18% of the total supply of Bitcoin. Miami Mayor Francis Suarez says he has made a 300% profit on his salary from four years of Bitcoin trading.
US lawmakers are planning to meet with David Sacks, Trump’s top cryptocurrency adviser, to discuss legislation to regulate the cryptocurrency market.
3. ETFs and Institutional Investment
On November 5, ETFs holding Bitcoin ($BTC) and Ethereum ($ETH) each saw another round of outflows, this time totaling $137 million in Bitcoin and $118.5 million in Ethereum. Meanwhile, $9.7 million was added to Solana ($SOL) ETFs. 4. Whale Investments Affecting the Market
BitMine bought 20,205 Ethereum ($ETH) worth nearly $70 million to add to its treasury.
Fidelity and ARK Invest bought $196.2 million worth of Bitcoin.
5. Development Projects in the Market
Circle has changed the requirements for its $USDC, now allowing it to be used to buy guns if it is legal. The XRP Ledger network has seen its highest growth rate in eight months, with 21,595 new wallets added in the last 48 hours. “Taking Bitcoin out of the hands of the weak, and into the hands of the strong,” Adam Back stated of the slowdown. Robinhood’s cryptocurrency revenue jumped 300% year-over-year to $268 million in the third quarter (Q3), beating analysts’ estimates.
A USD-tokenized money market fund managed by Franklin Templeton has been launched in Hong Kong, allowing investors to participate digitally. Ripple has partnered with Mastercard, WebBank, and Gemini to enable the $RLUSD stablecoin settlement on the XRP Ledger, which supports card-based payments.
6. 3.0 AI and the Web Apple Inc. is reportedly close to signing a $1 billion-a-year deal with Google LLC to support the development of its Siri voice assistant using Google’s AI model with an estimated 1.2 trillion “parameters.”
7. Technology for Blockchain Chainlink has made a ton
significant deal to integrate its CCIP interoperability protocol with other pieces of technology infrastructure through a partnership with SBI Digital Markets, a Japanese digital asset arm.
0 Comments