DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $3.25T (+2.48%)
BTC Price: $93,305 (+1.78%)
BTC Dominance: 56.8% (-0.40%)
Fear & Greed Index: 83 (Extreme Greed)
Total Value Locked: $175B (+4.23%)
Binance introduced BFUSD, a yield-bearing asset offering 19.55% APY
The features included hassle-free earnings without staking or locking up the funds and extra trading power as BFUSD can be used as collateral with a 100% collateral ratio in multi-asset mode.
👉 theblock.co/post/327134/binance-clarifies-rewards-bearing-bfusd-asset-is-not-a-stablecoin-hasnt-launched
Stablecoin company Noble raised $15M in a Series A funding led by Paradigm
Other investors in the Series A round include Polychain Capital, Wintermute Ventures, Foresight Ventures, and Informal Systems. Noble builds liquidity infrastructure for asset issuers to participate in the Interchain economy.
👉 noble.xyz/blog/accelerating-stablecoin-adoption
Bitfinity (BTF) raised $12M in funding and launched its mainnet
Bitfinity Network is a new Bitcoin Layer 2 solution designed to create Ethereum Virtual Machine-compatible DeFi functionality for Bitcoin. Funding participants included Polychain Capital, ParaFi, Draft Ventures and Warburg Serres.
👉 cointelegraph.com/news/bitfinity-network-bitcoin-layer-2-evm-defi-launch
Open Loot (OL) gets listed on OKX today, on November 19th
Deposits are already open, and trading will begin at 1:00 PM UTC. Open Loot, a powerhouse behind the Web3 game Big Time, is a gaming distribution platform and marketplace created to tackle the challenges of crypto gaming scene.
👉 okx.com/help/okx-to-list-ol-open-loot-for-spot-trading
MicroStrategy has acquired 51,780 BTC for ~$4.6 billion
The average purchase price is $88,627. The company now holds 331,200 BTC acquired for ~$16.5 billion. MicroStrategy's unrealized BTC profit top $13 billion. This amount accounts for 1.58% of the maximum supply of 21 million bitcoins.
👉 microstrategy.com/press/microstrategy-acquires-51780-btc-and-achieves-btc-yield-of-20-qtd-and-41-ytd-now-holds-331200-btc
Crypto Events Recap, November 16-18
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-november-16-18-2024
0G Labs (0G) launches an AI Alignment Node Sale on SwissBorg
Users can access the 0G Node Sale via the SwissBorg app today, on November 18. Among the available tiers are Bronze, Silver, Gold, and Diamond vaults based on the BORG tokens held in the SwissBorg wallet. 0G is a decentralized AI Operating System (dAIOS).
👉 x.com/0G_labs/status/1857499006064017450
Tether-backed Quantoz launches new MiCA-compliant stablecoins
USDQ and EURQ will be available for trading on Bitfinex and Kraken on November 21. Quantoz will hold 2% of the token on its balance sheet following MiCA regulations. Tether, Kraken, and Fabric Ventures will invest an undisclosed sum in the company.
👉 theblock.co/post/326982/tether-backed-quantoz-launches-mica-compliant-stablecoins-usdq-eurq
Bonk Inu (BONK) kicked off the 1 trillion BONK burning campaign
Users will be able to increase burned BONK amount by publishing Twitter (X) posts using #LetsBONK, subscribing to IG, Tiktok, & Youtube, among many others activities. BONK is one the largest meme coins on Solana blockchain.
👉 x.com/bonk_inu/status/1857465407801798732
Off the Grid has announced all-stars streamer tournament
The tournament kicks off on November 20th. Top 60 North American streamers will compete for $600K. Previously, Gunzilla launched a Clash for Cash tournament with a $3K daily prize pool. Off the Grid is a cyberpunk-styled F2P battle royale game.
👉 x.com/playoffthegrid/status/1857144826220904676
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $3.22T (-0.87%)
BTC Price: $91,810 (+0.73%)
BTC Dominance: 56.4% (-0.20%)
Fear & Greed Index: 83 (Extreme Greed)
Total Value Locked: $178B (+1.14%)
MAJOR UPCOMING EVENTS IN NOVEMBER!
A full list of Major Upcoming Events, to be updated
👉 https://cryptodiffer.com/events
Sharpe AI (SAI) launches a $6 million fund to support next-generation AI projects
Funding will empower projects ranging from AI chatbots to non-custodial on-chain indices and data infrastructure designed for LLM. Six projects are currently being supported, with one scheduled a launchpad sale on Sharpe AI on late November.
👉 x.com/SharpeLabs/status/1857303218813907057
Web Traffic Spotlight in October: Centralized Exchanges
Web traffic info shows how many users visited a website. The website viewership helps understand the popularity of the website, website audience geography, and other valuable details.
Data provided by similarweb.com
Injective (INJ) launches iAgent lets users create on-chain AI agent
iAgent is an AI-powered tool (SDK) designed to simplify blockchain interactions on Injective, allowing users to execute commands like sending payments, placing trades, and managing funds through natural language commands.
👉 theblock.co/post/327262/injective-launches-sdk-that-lets-users-create-their-own-onchain-ai-agent
Ponder (PNDR) will hold its initial listing on November 20
PNDR trading goes live on KuCoin and MEXC on Nov 20, 10:00 AM UTC. Ponder is the AI-powered comparison engine for all Web3 trends, such as EigenLayer restaking, Runes/BRC-20/Ordinals, RWA/NFTs, and DePIN protocols.
👉 kucoin.com/announcement/en-ponder-pndr-gets-listed-on-kucoin-world-premiere
Decentralized AI project Morpheus (MOR) goes live on Mainnet
The Morpheus-Lumerin compute system is live on Mainnet, with contracts deployed and subnets with consumers onboarding. Morpheus is designed to incentivize the first open-source peer-to-peer network of personal general-purpose AI (smart agents).
👉 coindesk.com/tech/2024/11/18/decentralized-ai-project-morpheus-goes-live-on-mainnet
Top-15 DePin Coins by Market Capitalization
DePIN stands for Decentralized Physical Infrastructure Networks, which utilize blockchain and token rewards to construct and manage real-world infrastructure.
Ritual announced the launch of its Ritual Chain testnet
Ritual Chain is a Layer 1 that embeds AI functionality directly into the network's code. Alongside the testnet launch, Ritual announced the formation of the Ritual Foundation. Ritual previously raised over $30M in funding from Archetype, Accomplice and Robot Ventures.
👉 theblock.co/post/327108/decentralized-ai-project-ritual-launches-testnet-to-bring-ai-onchain?v=1732011374745
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $3.21T (-0.27%)
BTC Price: $91,534 (-0.58%)
BTC Dominance: 56.4% (0.00%)
Fear & Greed Index: 90 (Extreme Greed)
Total Value Locked: $176B (-1.32%)
The biggest Fundraising Rounds conducted in the last 7 days
Projects that received the most funding are 0G Labs ($40M), a decentralized AI operating system (dAIOS), Wyden ($16.9M), an institutional crypto trading company, and Notabene ($14.5M), a crypto payment authorization network.
Ethereum-compatible L1 Monad rolls out the first phase of its Testnet
The Testnet follows the launch of Monad Devnet in March, having reached 10,000 TPS with a one-second block time. Monad Labs raised $244 million in total funding backed by Paradigm, Dragonfly, Coinbase Ventures, Electric Capital, and OKX Ventures.
👉 www.theblock.co/post/327005/monad-testnet
UniLend (UFT) launches Numa Network on November 21st
Numa is a protocol offering gas sponsorship and gasless transaction capabilities to address the challenges of high gas fees and improve accessibility for DeFi users. UniLend is a DeFi protocol that provides a unified interface, seamlessly integrating multiple functionalities.
👉 x.com/UniLend_Finance/status/1857479492861870183
Blockchains by the number of dApps growth in the last month
This infographic highlights the top-10 blockchains that have experienced the highest growth in dApps over the last 30 days. It presents key statistics on the number of new dApps, showcasing which blockchains are leading in innovation and user adoption.
Binance Pool has kicked off Fractal Bitcoin (FB) merged mining
With this new merged mining feature, users on Binance can participate in BTC mining and receive Fractal Bitcoins in their external wallet address as a reward. Fractal is a layer 2 side-chain Bitcoin scaling solution which uses the Bitcoin core code to scale.
👉 binance.com/en/support/announcement/binance-pool-fractal
Projects that will hold its initial listing next week
Presenting the list of the anticipated projects that have already announced their initial listing and plan to enter the crypto market within the next 7 days. The list includes Bitfinity, Zyfi, MicroGPT, Ponder and MemeFi.
Crypto Events Recap, November 14-15
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-november-14-15-2024
XION (XION) Pre-Market is live on multiple exchanges
XION is now available for Pre-Market trading on Bybit, KuCoin, Gate, Helix, Bitget, and MEXC. Pre-Market price - $5.70. XION is an L1 blockchain purpose-built for mainstream adoption through Generalized Abstraction.
👉 x.com/burnt_xion/status/1857260099439558741
South Korea’s Financial Intelligence Unit (FIU) probes Upbit for ~600,000 KYC violations
Due to the alleged customer verification violations, Upbit reportedly faces fines of $71,500 per case, in addition to possible issues with business license renewal. Founded in 2017, Upbit is the largest crypto exchange in South Korea, trading $2.2B daily.
👉 cointelegraph.com/news/upbit-kyc-violations-license-renewal-south-korea