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 has increased by 2.77 percent to $3.35 trillion at the moment. A 21 percent reading on the Fear and Greed index, which measures investor sentiment, indicates that market sentiment is extremely fearful. In the last 24 hours, the market lost over $682.91 million, with $465.63 million coming from long positions.
2. Policy and Regulation
of the Market Due to pressure from the United States and tech giants, the European Union (EU) may delay a portion of the AI Act. XRP is now recognized by India as a legal asset as well as a digital asset. 3. Institutional Investment and ETFs On November 6, Bitcoin ETFs received $239.9 million and Ethereum ETFs received $12.5 million in net inflows, respectively. In the meantime, Solana ETFs received an additional $29.2 million in new funding. 4. The Market and Whale Investments In order to expand its Bitcoin holdings, Tether has acquired 961 Bitcoin (BTC) for approximately $98.9 million. Jack Dorsey’s Block Inc. reported a third-quarter (Q3) earnings report that fell short of market expectations, sending the company’s shares down about 12% on the news.
On November 6, Ark Invest of Cathie Wood purchased 240,507 shares of BMNR, Tom Lee's $ETH vault. 5. Market Development Projects
Cryptocurrency regulations have been dubbed "the oil of the on-chain economy" by Coinbase executives, who have urged lawmakers to pass market structure legislation. If Elon Musk is able to take Tesla to the next level, Tesla shareholders have approved a historic $1 trillion pay plan. From $283.29 billion in September, China's gold reserves increased to $297.21 billion in October. 6. 3.0 AI and the Web Concerns about the overvaluation of the AI sector have sunk global financial markets, with major chip and AI infrastructure companies leading the sell-off.
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