DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.99T (-5.12%)
BTC Price: $86,498 (-3.39%)
BTC Dominance: 57.2% (+1.10%)
Fear & Greed Index: 84 (Extreme Greed)
Total Value Locked: $173B (-3.89%)
Google Cloud Web3 Startups to support projects from MVB Program
Selected projects will receive support from Google Cloud including up to $350K in cloud credits over 2 years for AI-first Web3 projects, and $200K for non-AI related projects. MVB program a four-week long accelerator for projects building apps on BNB Chain.
👉 bnbchain.org/en/blog/bnb-chains-most-valuable-builder-mvb-program-receives-support-from-google-cloud
Ethereum L2 Lisk launches its Mainnet ahead of Airdrop campaign
The Airdrop Season 1 starts on Nov 21 and will run for four months with a 15M LSK in total rewards. Lisk was initially launched as a L1 blockchain with transition to L2 in 2023. Lisk is an Ethereum L2 works on OP Stack and Gelato rollup-as-a-service platform.
👉 theblock.co/post/325641/ethereum-layer-2-lisk-launches-mainnet-and-announces-airdrop-plans
Brevis Network has closed a $7.5M Seed funding round
The round was co-led by Polychain Capital and Binance Labs, with participation from IOSG Ventures, Nomad Capital, Bankless VC, and Hashkey. Brevis is a ZK coprocessor or computation network designed to improve blockchain scalability using ZK proofs.
👉 x.com/brevis_zk/status/1856025259402768520
Top-15 Meme Coins by Market Capitalization
These coins have little practical use but tons of personality. Fueled by internet memes, hype, and sometimes a bit of chaos, they ride waves of popularity as fast as they crash.
StakeStone raised $22M in a new funding led by Polychain
The round joined by Binance Labs, OKX Ventures, DAO5, Nomad Capital, HashKey Capital, HashKey Cloud and Amber Group among others. StakeStone is building the first stable, yield-bearing liquid ETH, powered by an adaptive staking network.
👉 cointelegraph.com/press-releases/stakestone-secures-22m-investment-round-led-by-polychain-capital-binance-labs-and-okx-ventures
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.89T (+0.89%)
BTC Price: $81,217 (+2.68%)
BTC Dominance: 55.6% (-0.20%)
Fear & Greed Index: 75 (Greed)
Total Value Locked: $158B (+2.39%)
Crypto Events Recap, November 9-11
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-november-9-11-2024
MicroStrategy acquired additional 27,200 BTC for ~$2.03 billion
The average purchase price is $74,463. The company now hold 279,420 BTC acquired for ~$11.9 billion at average price ~$42,692 per Bitcoin. MicroStrategy's unrealized Bitcoin profit top $10 billion.
👉 x.com/saylor/status/1855959543508828428
Bitlayer integrates with Nansen to deliver premier on-chain data and analytics
The integration will help Bitlayer to strengthen its analytics capabilities, offering users a clearer understanding of network activity, trends, and growth opportunities. The Bitlayer Growth and Query Dashboard release is expected in following months.
👉 x.com/nansen_ai/status/1855916244005945364
HashKey (HSK) announced the launch of its L2 Testnet
HashKey Chain is a Ethereum L2 network which offers full compatibility with the Ethereum Virtual Machine. Developers can use HSK faucet to get test HSK on HashKey Chain Testnet. HashKey is an end-to-end digital asset financial services company.
👉 x.com/HashKeyHSK/status/1855821946635837773
TON extension TAC raised $6.5 million in Seed funding round
Hack VC and Symbolic led the Seed round with participation from Paper VC, Animoca, Primitive, Spartan Capital, TON Ventures, Ankr, among other angel investors such as Sandeep Naiwal. Testnet is expected to launch this week, while Mainnet scheduled for Q1 2025.
👉 theblock.co/post/325410/tac-seed-round-ton-telegram-evm
Top 15 Projects by Network Growth over the past 30 days
Network growth shows the percentage increase in new addresses that transferred a given token for the first time in the selected period compared to the previous one.
0G Labs kicks off AI Alignment Node Sale today, at 12:00 UTC
The nodes will be distributed across 32 tiers, starting at 0.05 ETH. 0G's nodes will offer evolving utility, rewarding participants with emissions for securing network. 0G Labs is the first decentralized AI Operating System. Previously, it raised $35M in a Pre-Seed funding.
👉 http://0gfoundation.ai/?code=CryptoDiffer
FTX sues Binance to claw back almost $1.8 billion
According to the filing, the plaintiffs argue that Binance exchange fraudulently received at least $1.76 billion in FTT, BNB, and BUSD in a deal in which FTX bought back the 20% shares of FTX International acquired by Binance in 2019 for as little as $18.6 million.
👉 bloomberg.com/news/articles/2024-11-11/ftx-sues-binance-former-ceo-zhao-seeking-1-8-billion-clawback
XION (XION) has rolled out the First Spark Airdrop checker
The Airdrop will be distributed to XION Testnet participants and active community members. Wallet checker is now available to the public. XION is the Layer 1 blockchain purpose-built for mainstream adoption through Generalized Abstraction.
👉 x.com/xion_foundation/status/1856350563815788653
Mocaverse (MOCA) announced the closure of $10 million funding
Investors in the round include OKX Ventures, CMCC Global, HongShan, Republic Crypto, Decima Fund, and Kingsway Capital. The round bring project valuation to $1B. Mocaverse is an infrastructure stack providing Web3-native tools for gaming and entertainment products.
👉 animocabrands.com/animoca-brands-raises-additional-usd10m-for-mocaverse
Aethir (ATH) gets listed on Kraken, today at 2:00 PM UTC
Current price – $0.0689. Market cap – $278.9M. Aethir is a GPU cloud infrastructure, positioned as an enterprise-grade AI-focused GPU-as-a-service provider.
👉 x.com/AethirCloud/status/1856305950933823978
BounceBit (BB) launched its CeDeFi V2 platform
New features include enhanced user flexibility, new Auto, Fixed, and Manual strategies, and boosted APY. It also introduces multi-chain support for ETH, BNB, SOL, BTC without the need to bridge funds to its EVM-compatible Layer 1 BTC restaking chain.
👉 x.com/bounce_bit/status/1856171341487161733
Sonic’s game SonicX reached 1M users in less than a month
In SonicX, players tap on their smartphones to earn points in a mini app within TikTok. Sonic has yet to officially state that an airdrop is tied to in-game progress. Sonic is the first atomic SVM Layer 2 for gaming built on the Solana blockchain.
👉 decrypt.co/291097/tiktok-tap-earn-million-players-solana-token
a16z-backed Espresso has released its main product
Dubbed "confirmation layer" it allows for different networks to read and trust each other's blocks of transaction data thus improving composability among rollups. Espresso is a confirmation layer built to support cross-chain composability.
👉 x.com/EspressoSys/status/1855973751982309624
❗️Bitcoin has reached a new ATH, now trading around $87K
In the past 24 hours, BTC price surged by 9.66%, pushing its market cap to $1.73 trillion. Market dominance stands at 59.9%.
The biggest Fundraising Rounds conducted in the last 7 days
Projects that received the most funding are Stake Stone ($22M), an omnichain liquidity asset protocol, Vlayer ($10M), a verifiable data infrastructure, and Cytonic ($8.3M), a multiVM layer 1 blockchain.
Liquidations by CEXs in the past 24 hours account for $659 million!
In the past 24 hours, 200,724 traders were liquidated. The largest single liquidation happened on OKX - BTC/USDT valued at $15.56M.
Data source: coinglass.com
ENS Labs introduced its L2-agnostic rollup, called Namechain
Namechain is designed to prioritize interoperability and allow users to start ENS from any Layer 2 network. The launch of Namechain is expected by the end of 2025.
👉 theblock.co/post/325381/ens-labs-introduces-own-l2-agnostic-rollup-namechain
Top 15 projects by positive market sentiment on Oriole Insights
Oriole Insights is a gamified prediction platform harnessing collective wisdom. The list of projects by Bullish expectations with a minimum of 50 predictions and 500 ORI pooled.
👉 https://app.orioleinsights.io/projects
Band Protocol (BAND) has rebranded to Band
The new branding and Band v3 will go live in early 2025. Band V3 will allow developers to set up price feeds in less than 5 minutes and deploy Oracle contracts in 1 click. Band is a data oracle aggregating and connecting real-world data and APIs to smart contracts.
👉 blog.bandprotocol.com/band-protocol-is-dead-band-is-here/
Dune has acquired blockchain simulation company smlXL
Along with the acquisition, Dune announced the launch of Echo platform that connects developers with real-time blockchain data across 30 different chains. Dune is an Ethereum-centric analytics platform that makes on-chain data accessible and consumable.
👉 theblock.co/post/325364/dune-buys-smlxl-to-expand-real-time-blockchain-data-offering
WalletConnect (WCT) will hold its airdrop on November 26th
The project allocated 18.5% of total supply (185M WCT) for Airdrop Season 1. To participate, users must register by connecting wallets, linking GitHub accounts, and providing an email. WalletConnect is a Web3 communications protocol.
👉 x.com/WalletConnect/status/1855831879200719272
Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT) gets listed on Binance
Binance will open trading for ACT/USDT and PNUT/USDT trading pairs on November 11th, 10:00 AM UTC. Users can now start depositing ACT and PNUT in preparation for trading.
Act I : The AI Prophecy is a meme coin on Solana with a decentralized AI community with the core mission of democratizing AI knowledge. Peanut the Squirrel is a meme coin on Solana.
👉 binance.com/en/announcement/binance-list-act-and-peanut