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Cryptocurrency & Blockchain News 🔗 ⚡️ Exclusives ⚡️ Guides ⚡️ Reviews ⚡️ Education ✅ Follow us on Twitter: https://twitter.com/Cryptonews ✅ Check out our website: https://cryptonews.com/
📰 Community-Driven Initiatives Attract Web3 Developers To Ensure Growth
Educational initiatives seek to increase web3 developer growth as the ecosystem struggles to find talent.
🇮🇩Over 60% of Young Indonesians Invest in Crypto: Report
Over 60% of Indonesia’s crypto investors are under 30. With a strong youth presence, could digital assets reshape Indonesia’s investment landscape?
🌍 BIS-Led Project ‘Mandala’ Enables Automated Compliant Cross-Border Transactions
The Bank for International Settlements has collaborated with several central banks on the Mandala project to demonstrate regulatory compliance in cross-border transactions.
⛓️ Is Ethereum in Trouble After Uniswap, Its Cash Cow, Exits?
Popular DeFi protocol Uniswap is moving to its own blockchain, called Unichain. This decision could significantly divert value and activity from the Ethereum network.
📰Bitmain Denies Involvement in TSMC-Huawei Supply Chain Probe
Bitmain clarifies it has no role in TSMC's Huawei supply chain investigation, reaffirming focus on crypto mining tech.
🧐 Meme Coin News: Sotheby’s VP Calls BAN Manipulation Accusations 'False' and Defamatory', Goats and Baby Hippos Flying High
This week in meme coin news:
📍Sotheby’s VP Michael Bouhanna denied Lookonchain's accusations that he made $1M via manipulation with BAN meme coin.
📍GOAT and MOODENG surge on Binance listing news.
2. SmarDex Token (SDEX/WETH) 🔒
🔹 24h Price Change: +16,364%
🔹 Current Price: $1.2193
🔹 Analysis: SDEX’s strong surge suggests that investors are showing renewed interest, likely due to its emphasis on smart contracts or decentralized exchange features. This upward movement might be spurred by developments or partnerships within the DeFi space, where innovative functionalities can attract strong market responses.
🔹 Strategic Insight: Research any recent protocol upgrades or DeFi integrations that may have catalyzed this spike. As with most DeFi tokens, adoption and utility are key to sustaining growth, so track any announcements that may enhance the platform’s value proposition.
🔹 Trade Wisely: Tokens in DeFi can experience significant volatility, so keep an eye on community sentiment and project updates to manage risk.
*Disclaimer: For informational purposes only. Conduct due diligence and trade responsibly.*
💼 FTX and Bybit End Legal Battle with $228 Million Settlement
FTX and Bybit have reached a $228 million settlement! This deal could help FTX recover crucial assets for its creditors.
🎮Quantix Capital Will Invest $1M to Support Tezos Gaming Projects
Quantix Capital is partnering with TZ APAC, a prominent adoption hub for the Tezos blockchain to support gaming on the Tezos platform.
📊 Cryptocurrency price check 📊
🔹 BTC: $67,735 + 1.21%
🔹 ETH: $2,488 + 0.81%
🔹 BNB: $587 + 0.74%
🔹 XRP: $0.51 + 0.12%
🔹 ADA: $0.33 - 2.15%
🛒 Metaplanet Boosts Bitcoin Holdings with Another $10.4M Purchase, Surpassing 1,000 BTC
Japanese investment firm Metaplanet Inc. has expanded its Bitcoin holdings, investing $10.4 million to push its total to over 1,000 BTC.
📈 Coinbase's Base Leads All Layer-2 Networks in Stablecoin Volume, Transaction Count
On October 26, Coinbase’s Ethereum layer-2 network Base briefly emerged as the top blockchain in terms of stablecoin volume.
🇭🇰 Hong Kong SFC to Fast-Track Licensing for Crypto Exchanges, Approvals Expected by Year-End
The Hong Kong SFC anticipates that the first batch of formal licenses for VATP applicants under fast-track process will be granted by the end of this year.
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₿ Report: Bitcoin Offers Reserve Asset Potential Amid Inflation and Geopolitical Risks
A recent report by the Bitcoin Policy Institute suggests that central banks consider Bitcoin as a hedge against economic and political uncertainties.
🚨 Solana's Phantom Wallet Experiences Technical Difficulties During GRASS Airdrop
Phantom Wallet is facing downtime during the highly anticipated GRASS airdrop, causing some users to see inaccurate balances.
🚜 Ethena Labs Accused of Misusing 180M Tokens in New Crypto-Farming Event
Ethena Labs is facing allegations of misusing 180 million Ethena tokens (ENA) during a recent crypto-farming event.
🚀 Hong Kong’s Ethereum-Based Stablecoin HKDR to Launch on HashKey Exchange
RD Technologies is launching the HKDR stablecoin on HashKey Exchange, offering a 1:1 peg to the HKD for seamless digital transactions!
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💰 Digital Asset Inflows YTD Reach $27 Billion, Nearly Tripling 2021 Record
Digital asset investment products have seen $27 billion in inflows YTD, nearly three times the previous record of $10.5 billion set in 2021.
3. DJT4700 ($DJT4700/WETH) ⚡️
🔹 24h Price Change: +3,023%
🔹 Current Price: $0.00007305
🔹 Analysis: DJT4700’s 3,000% increase may be part of a meme token wave, potentially driven by community interest or social media-driven hype. These tokens often appeal to meme-token traders due to their low price point and potential for short-term gains.
🔹 Strategic Insight: Check social media and community channels to gauge the sentiment and engagement surrounding DJT4700. Meme tokens with active communities can see strong momentum, but they are often subject to rapid swings.
🔹 Trade Wisely: Exercise caution, as meme tokens can experience dramatic ups and downs. Monitor liquidity and trading volumes to assess entry and exit points.
*Disclaimer: For informational purposes only. Conduct due diligence and trade responsibly.*
TOP TRENDING COINS! 📈
Here's the latest on today's market dynamics:
1. iLLM (iLLM/WETH) ⚡️
🔹 24h Price Change: +101,469%
🔹 Current Price: $0.03555
🔹 Analysis: iLLM’s explosive rise of over 100,000% indicates substantial speculative demand. Such sharp gains typically reflect heightened interest, potentially from social media-driven attention, recent listing on an exchange, or new project features.
🔹 Strategic Insight: Look for recent announcements or social media buzz that may have fueled this surge. This scale of growth often captures short-term traders, so check for liquidity and trading volume patterns to gauge sustainability.
🔹 Trade Wisely: Be cautious of potential corrections as high-percentage gains often lead to volatility. Consider setting alerts and watching market sentiment closely.
*Disclaimer: For informational purposes only. Conduct due diligence and trade responsibly.*
🏛️ Bolivian Bank Banco Bisa Launches USDT Custody, Enabling Crypto Transactions
Bolivian bank Banco Bisa has introduced a custody service for Tether’s USDT stablecoin.
👾 Strengthening Resilience, Collaboration, Education is key to Combat Scams: Binance APAC Exec
Binance APAC executive has highlighted ways to combat cybercrime and crypto scams.
🌐 Hong Kong Bourse to Offer Benchmark Indices for Bitcoin, Ethereum in Asia
Hong Kong bourse operator HKEX is rolling out benchmark indices for Bitcoin and Ethereum on Nov. 15, supporting Asia’s growing crypto landscape.
📊 Crypto Trading Platforms Lean on Derivatives to Boost Market Appeal
Crypto platforms are increasingly turning to derivatives, as futures and options fuel the market with 71% trading volume.
💸 Tether CEO Clarifies Asset Reserves Amid FUD
Tether holds 82,000 Bitcoin and 48 tonnes of gold in its reserves. Additionally, it also has $100 billion in US Treasuries.
🇮🇳 India’s Top Banker Warns Crypto Could Undermine Economic Policy Tools
India’s top banker warns crypto could erode central control and trigger financial instability.
⚽ Golden State Warriors Replace FTX with Coinbase as Official Crypto Partner
The Golden State Warriors have named Coinbase as their official cryptocurrency partner as crypto companies return to major U.S. sponsorships.
₿ Report: Bitcoin Offers Reserve Asset Potential Amid Inflation and Geopolitical Risks
A recent report by the Bitcoin Policy Institute suggests that central banks consider Bitcoin as a hedge against economic and political uncertainties.