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
Top-15 Total Value Locked (TVL) gainers in the last 30 days
Among the top performers are Echo Lending, a BTC liquid restaking protocol and yield Infrastructure, Cygnus Restake, a non-custodial cross-chain restaking protocol, and bnSOL, the tokenized representation of SOL staked by Binance.
Portal Ventures raised $75M for its pre-seed crypto fund
The fund is backed by a16z’s Marc Andreessen and Chris Dixon, along with the contributions from Accolade Partners, Theta Capital, and CrossLayer Capital. The fund invests in only one founder per category, with a strong emphasis on Bitcoin programmability.
👉 cointelegraph.com/news/portal-ventures-raises-75-m-pre-seed-crypto-fund
Ponder (PNDR) launches its token via KuCoin BurningDrop
The subscription will take place today. KuCoin users will be able to mine PNDR by staking KCS on November 16 - December 6. Tokens Allocated for the platform: 2.0M PNDR. Ponder is an AI-powered comparison engine for all Web3 trends.
👉 kucoin.com/announcement/en-ponder-pndr-is-available-on-burningdrop
Primex (PMX) introduced an Incentivized Liquidity Mining Program
During the Program, participants earn points based on their activities from different roles in the ecosystem - Lender, Farmer and Trader. A total of 30,000,000 PMX was reserved for campaign distribution. The first stage is expected to launch on November 15.
👉 x.com/primex_official/status/1856787644602314850
Lumia (LUMIA) announced an integration with API3 (API3)
Lumia now supports API3’s Oracle Stack, unlocking access to over 170 data feeds through the API3 Market and OEV Network. The integration enables developers to tap into decentralized data feeds (dAPIs) powered by first-party Oracle nodes.
👉 medium.com/@Lumia.org/lumia-x-api3-powering-next-level-decentralized-data-feeds-5641b029dec7
COTI (COTI) and Soda Labs released cross-chain privacy layer
Cross-chain privacy layer functions across 70+ networks providing confidentiality to a wide range of DeFi and Web3 apps. Enterprises and developers on other chains will be able to access privacy-on-demand without having to move from their native chain.
👉 medium.com/cotinetwork/coti-announces-privacy-on-demand-for-all-major-blockchains-4b6ae4c563de
Credefi (CREDI) has partnered with Marshland Capital Group
The partnership is focused on liquidity provision for the CREDI token trading pairs. It comes right after the token burn event that saw ~1M CREDI burned. Credefi is a lending FinTech solution to connect crypto lenders & SME borrowers from the real economy.
👉 x.com/credefi_finance/status/1856759920298782819
Notabene has closed a $14.5M Series B funding round
The round was led by DRW VC, with participation from Wintermute, CMT Digital, F-Prime, Illuminate Financial, Green Visor Capital, Jump Capital, ParaFi and Y Combinator among others. Notabene is the crypto payment authorization network.
👉 notabene.id/post/notabene-raises-14-5m-in-series-b-funding-led-by-drw-vc-to-drive-the-future-of-stablecoins-and-payments
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.14T (+2.48%)
BTC Price: $90,761 (+3.88%)
BTC Dominance: 57.1% (-0.10%)
Fear & Greed Index: 88 (Extreme Greed)
Total Value Locked: $176B (+1.98%)
BlackRock expanded its BUIDL fund to five new networks
Each chain enables apps and users to interact natively with BUIDL, allowing yield with flexible custody, near-real-time P2P transfers & dividend accrual and distribution. BlackRock is the world's largest asset manager, with over $10 trillion in assets under management.
👉 securitize.io/learn/press/blackRock-launches-new-buidl-share-classes-across-multiple-blockchains
❗️Bitcoin has reached a new ATH, now trading around $90K
In the past 24 hours, BTC price surged by 6.04%, pushing its market cap to $1.79 trillion. Market dominance stands at 57.1%.
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
AltLayer (ALT) has introduced the 'Autonome' platform
Autonome is designed to accelerate the development of “Verifiable Agentic Web,” and enable the creation, deployment, discovery and distribution of autonomous AI agents. AltLayer is a platform designed to simplify the creation and enhancement of L2 rollups.
👉 x.com/alt_layer/status/1856590571307184310
Solana dApps by the number of users growth in the last 30D
Among top performers are Solayer, an advanced restaking protocol, Jito, a staking service for Solana that distributes MEVrewards to holders, and Drift V2, an open-sourced decentralized exchange.
Wyden raised $16.9 million in a Series B funding led by Truffle Capital
Other investors in round include Sygnum, C3 Venture Capital, FiveT, PostFinance. Funding follows the launch of Wyden Infinity, a new cloud-native product for automation of digital asset trade lifecycle. Wyden is a digital asset trading company for institutional investors.
👉 wyden.io/intelligence/wyden-secures-usd-16-9-million-in-series-b-funding-round
Tether launched Hadron, an RWA tokenization platform
Tether’s new platform aims to offer a vast variety of asset types and specifically mentions the tokenization of stocks, bonds, stablecoins, and loyalty points. Tether is an operator of USDT, the world's largest stablecoin, expanding into new businesses and investments.
👉 tether.io/news/hadron-by-tether-platform-brings-simplified-asset-tokenization-to-the-mass-market/
Folks Finance closed a $3.2M Strategic funding led by Borderless
Funding participants include Mapleblock Capital, SOVO, Selini Capital, Dewhales, DEXT Force Ventures, Algorand Foundation, DuckDAO, BlackDragon & DIB Ventures. Folks Finance is the cross-chain DeFi app offering a full suite of DeFi tools.
👉 x.com/FolksFinance/status/1857088365306212421
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $3.05T (-4.58%)
BTC Price: $88,101 (-2.89%)
BTC Dominance: 57.2% (+0.10%)
Fear & Greed Index: 80 (Extreme Greed)
Total Value Locked: $169B (-4.85%)
Franklin Templeton expands its $410 million FOBXX fund to Ethereum
The OnChain U.S. Government Money Market Fund (FOBXX) can now be traded on the Ethereum blockchain. The fund is already available on Base, Aptos, and Avalanche. Launched in 2021, FOBXX became the first money market fund to use a public blockchain to track transactions and ownership.
👉 coindesk.com/business/2024/11/14/franklin-templeton-expands-410m-money-market-fund-to-ethereum-blockchain
Web Traffic Spotlight in October: Decentralized 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
Top blockchains by Unique Active Wallets interacting with the dApps in the last 30 days
The infographic depicts the total number of summed-up unique active wallets (UAW) in the last 30 days tracked by DappRadar for all listed dapps on the different blockchains.
Gunzilla-backed Off the Grid kicked off Clash for Cash tournament
Users can compete to earn the highest score in Off The Grid’s Extraction Royale mode. The top 10 players by score are awarded cash prizes daily at 20:00 UTC. Off the Grid is a next-gen cyberpunk-styled F2P battle royale game built on the GUNZ blockchain.
👉 gameoffthegrid.com/otg-clash-for-cash/
Usual (USUAL) will be the 61st project on Binance Launchpool!
Users will be able to stake BNB and FDUSD tokens into separate pools to farm USUAL tokens over 4 days, with farming starting on Nov 15th at 00:00 UTC. Launchpool Hard Cap is 300M USUAL (7.5% of supply). Usual is a secure and decentralized Fiat Stablecoin issuer.
👉 binance.com/en/support/announcement/introducing-usual
Crypto Events Recap, November 12-13
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-november-12-13-2024
Zero Gravity Labs (0G Labs) raised $290M in new funding
This includes a $40M seed round raised by the Labs and a $250M token purchase commitment received. Investors include Hack VC, Delphi Digital, OKX Ventures, Samsung Next, Bankless VC and many more. 0G Labs is the first decentralized AI Operating System.
👉 theblock.co/post/326241/crypto-ai-startup-0g-labs-funding-token-commitment
Top-10 highest daily Bitcoin price changes on record
Lets have a look at the top 10 largest single-day price swings in Bitcoin's history, highlighting the most dramatic gains and drops that have defined its volatile market journey.
0G Labs has kicked off the public phase of its Node Sale
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
Polymer Labs has launched Polymer Hub on mainnet
The Polymer protocol is designed for rollups to communicate across ecosystems and coordinate as fast as they can produce blocks. Polymer Hub is a real-time interoperability protocol primarily released for the OP ecosystem including World Chain and Base.
👉 x.com/Polymer_Labs/status/1855974277130195134
Starknet launches STRK staking on mainnet on November 26
According to the team, anyone will be able to participate in staking on the blockchain. Validators will require a minimum of 20,000 STRK tokens to operate their nodes. Starknet is an Ethereum layer-2 solution that uses a zero-knowledge rollup based on StarkWare.
👉 coindesk.com/tech/2024/11/12/ethereum-layer-2-project-starknet-to-roll-out-staking-feature-later-this-month/