🔴Bitrue Crypto News
November 27, 2024.
1️⃣. Market Hotspots
• Solana Breaks Record with 54M Daily Transactions
Solana achieved a new milestone, processing 54 million daily transactions, showcasing its growing utility and adoption as a leading blockchain network.
• Dogecoin Surpasses Porsche in Market Value
Dogecoin’s market capitalization climbed to $57.05B, overtaking Porsche’s $56.31B, marking a major milestone for the meme-inspired cryptocurrency.
• Court Overturns Tornado Cash Sanctions
A U.S. court ruled that sanctions on Tornado Cash smart contracts were unlawful, delivering a significant legal win for the crypto and decentralization movements.
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November 27, 2024.
1️⃣. Market Hotspots
• Solana Breaks Record with 54M Daily Transactions
Solana achieved a new milestone, processing 54 million daily transactions, showcasing its growing utility and adoption as a leading blockchain network.
• Dogecoin Surpasses Porsche in Market Value
Dogecoin’s market capitalization climbed to $57.05B, overtaking Porsche’s $56.31B, marking a major milestone for the meme-inspired cryptocurrency.
• Court Overturns Tornado Cash Sanctions
A U.S. court ruled that sanctions on Tornado Cash smart contracts were unlawful, delivering a significant legal win for the crypto and decentralization movements.
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🔴Bitrue Crypto News
November 28, 2024.
1️⃣. Markets Trends
• Vancouver’s Bitcoin-Friendly Plans
Vancouver’s Mayor Ken Sim plans to introduce a Bitcoin-friendly city initiative, proposing Bitcoin as a reserve asset for the city.
• Bitcoin’s Price Dip Viewed as Temporary
CryptoQuant reports that the current Bitcoin cycle hasn’t yet seen significant retail FOMO. Traders like Bluntz and K33 Research predict a dip to $93K, with Bitcoin expected to reach six figures by year-end.
• Bitwise Launches 10-Crypto ETF
Bitwise has filed with the SEC for a 10-crypto index ETF, including XRP, Bitcoin, Ethereum, Solana, and others, indicating growing institutional interest in cryptocurrencies.
• Tether Discontinues EURT Stablecoin
Tether has announced the discontinuation of its euro-pegged stablecoin, EURT, due to regulatory challenges in the European Union, with redemptions allowed until November 2025.
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November 28, 2024.
1️⃣. Markets Trends
• Vancouver’s Bitcoin-Friendly Plans
Vancouver’s Mayor Ken Sim plans to introduce a Bitcoin-friendly city initiative, proposing Bitcoin as a reserve asset for the city.
• Bitcoin’s Price Dip Viewed as Temporary
CryptoQuant reports that the current Bitcoin cycle hasn’t yet seen significant retail FOMO. Traders like Bluntz and K33 Research predict a dip to $93K, with Bitcoin expected to reach six figures by year-end.
• Bitwise Launches 10-Crypto ETF
Bitwise has filed with the SEC for a 10-crypto index ETF, including XRP, Bitcoin, Ethereum, Solana, and others, indicating growing institutional interest in cryptocurrencies.
• Tether Discontinues EURT Stablecoin
Tether has announced the discontinuation of its euro-pegged stablecoin, EURT, due to regulatory challenges in the European Union, with redemptions allowed until November 2025.
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🔴Bitrue Crypto News
November 28, 2024.
1️⃣. Market Hotspots
• MetaMask Users Can Purchase Crypto with Venmo
MetaMask has partnered with MoonPay to enable U.S. users to purchase cryptocurrency directly using Venmo. This integration expands access to crypto, offering an easy and familiar payment method for Venmo’s millions of users.
• SOS Ltd to Invest $50M in Bitcoin
SOS Ltd, a China-based company with U.S. Bitcoin mining operations, is set to invest $50 million in Bitcoin. The move comes as SOS aims to further integrate Bitcoin into its balance sheet and solidify its role in the global cryptocurrency market, signaling continued institutional adoption.
• Hong Kong to Introduce Crypto Tax Exemptions
Hong Kong is preparing to implement tax exemptions on crypto gains for private equity funds, hedge funds, and high-net-worth investment vehicles, aiming to become a global crypto hub.
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November 28, 2024.
1️⃣. Market Hotspots
• MetaMask Users Can Purchase Crypto with Venmo
MetaMask has partnered with MoonPay to enable U.S. users to purchase cryptocurrency directly using Venmo. This integration expands access to crypto, offering an easy and familiar payment method for Venmo’s millions of users.
• SOS Ltd to Invest $50M in Bitcoin
SOS Ltd, a China-based company with U.S. Bitcoin mining operations, is set to invest $50 million in Bitcoin. The move comes as SOS aims to further integrate Bitcoin into its balance sheet and solidify its role in the global cryptocurrency market, signaling continued institutional adoption.
• Hong Kong to Introduce Crypto Tax Exemptions
Hong Kong is preparing to implement tax exemptions on crypto gains for private equity funds, hedge funds, and high-net-worth investment vehicles, aiming to become a global crypto hub.
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🔴Bitrue Crypto News
November 29, 2024.
1️⃣. Markets Trends
• Ethereum Holders in Profit
Approximately 90% of $ETH holders are now in profit, marking a 21% increase since early November. Ethereum’s recent price rally continues to drive bullish sentiment.
• Bitcoin ETFs Accumulate $8 Billion in November
US spot Bitcoin ETFs acquired over $8 billion worth of $BTC this month, with total holdings now at 1,089,897 $BTC. This highlights increasing institutional interest in Bitcoin.
• Marathon Digital Expands Bitcoin Holdings
Marathon Digital added 703 $BTC in November, growing its total to 34,797 $BTC ($3.3 billion). The firm remains a key player in institutional Bitcoin accumulation.
• Total Crypto Market Cap Gains $1 Trillion
The cryptocurrency market added $1 trillion in value in November, driven by increasing adoption, Bitcoin ETF activity, and strong market sentiment.
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November 29, 2024.
1️⃣. Markets Trends
• Ethereum Holders in Profit
Approximately 90% of $ETH holders are now in profit, marking a 21% increase since early November. Ethereum’s recent price rally continues to drive bullish sentiment.
• Bitcoin ETFs Accumulate $8 Billion in November
US spot Bitcoin ETFs acquired over $8 billion worth of $BTC this month, with total holdings now at 1,089,897 $BTC. This highlights increasing institutional interest in Bitcoin.
• Marathon Digital Expands Bitcoin Holdings
Marathon Digital added 703 $BTC in November, growing its total to 34,797 $BTC ($3.3 billion). The firm remains a key player in institutional Bitcoin accumulation.
• Total Crypto Market Cap Gains $1 Trillion
The cryptocurrency market added $1 trillion in value in November, driven by increasing adoption, Bitcoin ETF activity, and strong market sentiment.
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🔴Bitrue Crypto News
November 29, 2024.
1️⃣. Market Hotspots
• Uniswap Records $38B Volume on Layer-2 Networks
Uniswap set a record $38 billion in monthly trading volume across layer-2 networks like Base, Arbitrum, and Optimism, reflecting DeFi’s resurgence and growing user adoption.
• Larry Fink and Michael Saylor Highlight Bitcoin’s Potential
Larry Fink called Bitcoin a legitimate financial instrument, while Michael Saylor predicted it could represent 10-20% of global wealth, potentially reaching $10 million per $BTC.
• Altcoin Volatility Likely to Persist
Analysts forecast ongoing volatility in altcoins until Bitcoin experiences a substantial rally, which could signal capital rotation into alternative assets.
• Pump․fun Transfers 65,000 $SOL to Kraken
Pump․fun moved 65,000 $SOL to Kraken, bringing total monthly transfers to 517,399 $SOL, signaling significant Solana redistribution in the market.
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November 29, 2024.
1️⃣. Market Hotspots
• Uniswap Records $38B Volume on Layer-2 Networks
Uniswap set a record $38 billion in monthly trading volume across layer-2 networks like Base, Arbitrum, and Optimism, reflecting DeFi’s resurgence and growing user adoption.
• Larry Fink and Michael Saylor Highlight Bitcoin’s Potential
Larry Fink called Bitcoin a legitimate financial instrument, while Michael Saylor predicted it could represent 10-20% of global wealth, potentially reaching $10 million per $BTC.
• Altcoin Volatility Likely to Persist
Analysts forecast ongoing volatility in altcoins until Bitcoin experiences a substantial rally, which could signal capital rotation into alternative assets.
• Pump․fun Transfers 65,000 $SOL to Kraken
Pump․fun moved 65,000 $SOL to Kraken, bringing total monthly transfers to 517,399 $SOL, signaling significant Solana redistribution in the market.
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🔴Bitrue Crypto News
November 29, 2024.
1️⃣. Markets Trends
• Ethereum Holders in Profit
Approximately 90% of $ETH holders are now in profit, marking a 21% increase since early November. Ethereum’s recent price rally continues to drive bullish sentiment.
• Bitcoin ETFs Accumulate $8 Billion in November
US spot Bitcoin ETFs acquired over $8 billion worth of $BTC this month, with total holdings now at 1,089,897 $BTC. This highlights increasing institutional interest in Bitcoin.
• Marathon Digital Expands Bitcoin Holdings
Marathon Digital added 703 $BTC in November, growing its total to 34,797 $BTC ($3.3 billion). The firm remains a key player in institutional Bitcoin accumulation.
• Total Crypto Market Cap Gains $1 Trillion
The cryptocurrency market added $1 trillion in value in November, driven by increasing adoption, Bitcoin ETF activity, and strong market sentiment.
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November 29, 2024.
1️⃣. Markets Trends
• Ethereum Holders in Profit
Approximately 90% of $ETH holders are now in profit, marking a 21% increase since early November. Ethereum’s recent price rally continues to drive bullish sentiment.
• Bitcoin ETFs Accumulate $8 Billion in November
US spot Bitcoin ETFs acquired over $8 billion worth of $BTC this month, with total holdings now at 1,089,897 $BTC. This highlights increasing institutional interest in Bitcoin.
• Marathon Digital Expands Bitcoin Holdings
Marathon Digital added 703 $BTC in November, growing its total to 34,797 $BTC ($3.3 billion). The firm remains a key player in institutional Bitcoin accumulation.
• Total Crypto Market Cap Gains $1 Trillion
The cryptocurrency market added $1 trillion in value in November, driven by increasing adoption, Bitcoin ETF activity, and strong market sentiment.
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🔴Bitrue Crypto News
November 30, 2024.
1️⃣. Markets Trends
• Ethereum ETFs Lead the Way: US Ethereum ETFs recorded $332.9M in daily inflows on Nov. 29, surpassing Bitcoin ETFs for the first time. This highlights Ethereum’s growing prominence among institutional investors.
• Tether Expands $USDT Supply: Tether minted an additional $1B $USDT on Ethereum, bringing November’s total to $16B, underscoring the increasing reliance on stablecoins for liquidity.
• Bitcoin Futures Surge: Open interest in Bitcoin futures reached $61B, at 50% increase over five weeks, fueled by investor optimism about potential price growth as Bitcoin approaches its all-time highs.
• Ripple’s XRP Market Cap Soars: XRP’s market cap surged to $98B, overtaking Binance Coin (BNB) at $95B. This growth reflects investor confidence in Ripple’s ongoing regulatory successes and expanding ecosystem.
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November 30, 2024.
1️⃣. Markets Trends
• Ethereum ETFs Lead the Way: US Ethereum ETFs recorded $332.9M in daily inflows on Nov. 29, surpassing Bitcoin ETFs for the first time. This highlights Ethereum’s growing prominence among institutional investors.
• Tether Expands $USDT Supply: Tether minted an additional $1B $USDT on Ethereum, bringing November’s total to $16B, underscoring the increasing reliance on stablecoins for liquidity.
• Bitcoin Futures Surge: Open interest in Bitcoin futures reached $61B, at 50% increase over five weeks, fueled by investor optimism about potential price growth as Bitcoin approaches its all-time highs.
• Ripple’s XRP Market Cap Soars: XRP’s market cap surged to $98B, overtaking Binance Coin (BNB) at $95B. This growth reflects investor confidence in Ripple’s ongoing regulatory successes and expanding ecosystem.
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🔴Bitrue Crypto News
November 30, 2024.
1️⃣. Market Hotspots
• Ripple’s Stablecoin Nears NY Approval: Ripple’s RLUSD stablecoin is close to receiving regulatory approval in New York, paving the way for it to operate in the state’s tightly regulated financial ecosystem. This approval could bolster confidence in Ripple’s growing role in the stablecoin market.
• Hyperliquid’s Historic Airdrop: Hyperliquid distributed a billion-dollar airdrop for its $HYPE token on Nov. 29, causing the token to surge 60%. This airdrop ranks among the largest in history, drawing significant attention to Hyperliquid’s ecosystem.
• TON Introduces Bitcoin Bridge: The Open Network (TON) launched TON Teleport, enabling seamless Bitcoin transfers as tgBTC on its blockchain via Telegram. The fully autonomous bridge eliminates the need for third-party intermediaries, showcasing innovation in cross-chain technology.
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November 30, 2024.
1️⃣. Market Hotspots
• Ripple’s Stablecoin Nears NY Approval: Ripple’s RLUSD stablecoin is close to receiving regulatory approval in New York, paving the way for it to operate in the state’s tightly regulated financial ecosystem. This approval could bolster confidence in Ripple’s growing role in the stablecoin market.
• Hyperliquid’s Historic Airdrop: Hyperliquid distributed a billion-dollar airdrop for its $HYPE token on Nov. 29, causing the token to surge 60%. This airdrop ranks among the largest in history, drawing significant attention to Hyperliquid’s ecosystem.
• TON Introduces Bitcoin Bridge: The Open Network (TON) launched TON Teleport, enabling seamless Bitcoin transfers as tgBTC on its blockchain via Telegram. The fully autonomous bridge eliminates the need for third-party intermediaries, showcasing innovation in cross-chain technology.
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🔴Bitrue Crypto News
December 2, 2024.
1️⃣. Markets Trends
• XRP Climbs to New Heights: XRP’s market cap reached $123 billion, surpassing $USDT to become the 3rd largest cryptocurrency. Its price rose from $2 to $2.40, driven by increased adoption and favorable legal developments.
• BlackRock Expands Bitcoin Holdings: BlackRock’s ETF now holds 496,856 Bitcoin valued at over $48 billion, signaling growing confidence in Bitcoin from institutional investors.
• Altcoin Season Fueled by Stablecoins: Stablecoin liquidity is now the main driver of altcoin trading, with increasing volumes in stablecoin and fiat pairs pointing to real market growth.
• Bitcoin Futures Show Increased Activity: Open interest in Bitcoin futures reached $61B, marking a 50% rise in five weeks, as optimism about further price increases grows.
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December 2, 2024.
1️⃣. Markets Trends
• XRP Climbs to New Heights: XRP’s market cap reached $123 billion, surpassing $USDT to become the 3rd largest cryptocurrency. Its price rose from $2 to $2.40, driven by increased adoption and favorable legal developments.
• BlackRock Expands Bitcoin Holdings: BlackRock’s ETF now holds 496,856 Bitcoin valued at over $48 billion, signaling growing confidence in Bitcoin from institutional investors.
• Altcoin Season Fueled by Stablecoins: Stablecoin liquidity is now the main driver of altcoin trading, with increasing volumes in stablecoin and fiat pairs pointing to real market growth.
• Bitcoin Futures Show Increased Activity: Open interest in Bitcoin futures reached $61B, marking a 50% rise in five weeks, as optimism about further price increases grows.
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🔴Bitrue Crypto News
December 2, 2024.
1️⃣. Market Hotspots
• Michael Saylor Promotes Bitcoin Adoption: Saylor pitched a $100B Bitcoin investment plan to Microsoft, suggesting it could add $5T in market value and cement the company’s tech leadership.
• Ethereum and Bitcoin Adoption Increases: Ethereum ETFs saw record inflows, while Bitcoin futures markets gained traction, reflecting growing optimism for both assets.
• Elon Musk Critiques OpenAI: Musk accused OpenAI of “predatory practices” and advocated for blocking its transition to a for-profit model, citing concerns about its dominance in generative AI.
• Hong Kong Leads Crypto Integration: The region continues to support crypto innovations, including treasury management by firms like Boyaa Interactive and the rising adoption of blockchain in financial systems.
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December 2, 2024.
1️⃣. Market Hotspots
• Michael Saylor Promotes Bitcoin Adoption: Saylor pitched a $100B Bitcoin investment plan to Microsoft, suggesting it could add $5T in market value and cement the company’s tech leadership.
• Ethereum and Bitcoin Adoption Increases: Ethereum ETFs saw record inflows, while Bitcoin futures markets gained traction, reflecting growing optimism for both assets.
• Elon Musk Critiques OpenAI: Musk accused OpenAI of “predatory practices” and advocated for blocking its transition to a for-profit model, citing concerns about its dominance in generative AI.
• Hong Kong Leads Crypto Integration: The region continues to support crypto innovations, including treasury management by firms like Boyaa Interactive and the rising adoption of blockchain in financial systems.
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