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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/
📊Crypto Makes Big Strides in User Growth, Stablecoin Adoption, and DeFi: a16z Crypto Report
A new report from a16z crypto, a venture capital firm focused on Web3 startups, reveals significant progress in the crypto industry in the areas of policy, decentralization, and user adoption.
🏦 Crypto Lender Ledn Sets New Record with $1.6B in Loans Year-to-Date
Crypto lender Ledn hit a record $1.6b in digital asset loans as of Q3 2024. Retail clients took out $258M, while institutions borrowed $1.4B.
📈 Bitcoin Hashrate Hits Record 769.8 EH/s Despite Declining Mining Profitability
The Bitcoin network’s hashrate, a critical indicator of its security and computing power, reached a new all-time high of 769.8 EH/s.
2. APWine Token (APW/WETH)🍷
🔹 24h Price Change: +13,324%
🔹 Current Price: $0.1827
🔹 Analysis: APWine’s 13,000%+ spike suggests growing interest in its unique proposition. As a token related to the DeFi sector, particularly in the wine futures market, it may have caught investor attention due to developments or increased interest in the sector.
🔹 Strategic Insight: Investigate any recent updates in APWine’s DeFi platform or partnerships that could explain this surge. Niche DeFi tokens often gain traction after protocol upgrades or new integrations.
🔹 Trade Wisely: DeFi tokens can experience high volatility, especially during sudden interest spikes. Keep an eye on key metrics like volume and governance updates to assess whether this rally is sustainable.
*Disclaimer: For informational purposes only. Conduct due diligence and trade responsibly.*
🚀 Bitcoin Futures Open Interest Hits Record $40.5 Billion, Reports CoinGlass
Bitcoin derivatives have reached new heights as open interest (OI) in Bitcoin futures hit an all-time high of $40.5 billion on October 21.
📈XRP Serves as Bellwether for How Regulators Interact With Crypto, Says Analyst
Bitget chief analyst Ryan Lee, explains that XRP often serves as a bellwether for how regulators interact with the cryptocurrency industry as a whole.
👨💻 Tapioca Foundation Offers $1M Bounty for DeFi Protocol Attacker
The Tapioca Foundation has extended a $1 million bounty to the attacker responsible for stealing $4.7 million from its DeFi protocol.
🇯🇵Japan’s DPP Party Head Proposes Crypto Tax Cuts, Regulatory Reforms
Japanese opposition DPP party leader Yuichiro Tamaki has pledged for crypto tax reform and regulatory framework, if elected.
📈 Value Investor Bill Miller Predicts Advisors to Recommend 1-3% Bitcoin in Portfolios Soon
Legendary investor Bill Miller predicts Bitcoin will soon be a staple in portfolios, with advisors recommending a 1-3% allocation in the next 3-5 years.
₿ European Central Bank Claims Early Bitcoin Investors Exploit New Buyers
A recent paper published by the ECB claims that early Bitcoin investors are profiting at the expense of newer entrants to the market.
🗳️ Crypto Industry Shifts Focus to US Congressional Races as Election Approaches
The crypto industry has pivoted its attention to the potential implications of the upcoming US Congressional races.
🌍 Russian President Putin Announces BRICS Crypto Adoption for Investment
President Putin announces BRICS' official adoption of cryptocurrencies for investments at the BRICS Business Forum!
🧑⚖️Craig Wright Files Lawsuit Against Bitcoin Core Developers, Claims Bitcoin SV is True BTC
Craig Wright takes legal action, claiming Bitcoin SV upholds Satoshi Nakamoto’s true vision, while targeting Bitcoin Core developers’ modifications.
📽 It’s time for another weekly crypto roundup!
Matt Zahab and Rachel Wolfson are back with Episode 14, breaking down the latest crypto headlines.
Don’t miss out — tune in now ✨
3. Polymath (POLY/WETH) 🔗
🔹 24h Price Change: +31,105%
🔹 Current Price: $19.5774
🔹 Analysis: Polymath’s 31,000%+ surge is significant, especially given its relatively high token price. As a security token platform, this rise may reflect growing institutional or regulatory interest, possibly following a major partnership or development in the sector.
🔹 Strategic Insight: Look into any key partnerships, regulatory approvals, or major updates regarding the Polymath platform. Security tokens are gaining momentum, and Polymath could be benefiting from increased adoption or recognition in the sector.
🔹 Trade Wisely: While Polymath is a more established project, sudden large gains can still lead to volatility. Be mindful of potential corrections, especially if driven by speculative trading.
*Disclaimer: For informational purposes only. Conduct due diligence and trade responsibly.*
🇮🇹 Italy Eyes 61% Hike to Bitcoin Taxes. Others May Follow
Italy has unveiled plans to dramatically increase the capital gains tax paid by Bitcoin investors. Local businesses say the move is discriminatory as other asset classes — including Bitcoin ETFs — will be unaffected.
🙅🏻♂️Coincover Laying off 50% of Staff, Mostly Sales Team: Sources
Coincover, a company specializing in cryptocurrency protection services, has recently laid off 50% of its staff, with most of the redundancies affecting its sales team.
3. Rino (RINO/WETH) 🦏
🔹 24h Price Change: +383%
🔹 Current Price: $0.083693
🔹 Analysis: Rino’s 383% rise is smaller compared to other meme tokens but still significant. It suggests the token may be in the early stages of a pump or responding to specific news or speculation.
🔹 Strategic Insight: Check for niche market developments or influencer support that may have triggered this spike. While the gain is notable, it’s worth assessing whether the upward movement is part of a larger trend or just temporary excitement.
🔹 Trade Wisely: Smaller gains like this can sometimes signal steadier growth, but keep an eye on market sentiment to ensure you’re not entering into a cooling-off period.
*Disclaimer: For informational purposes only. Conduct due diligence and trade responsibly.*
TOP TRENDING COINS! 📈
Here's the latest on today's market dynamics:
1. KIRBY (Kirby/WETH) 🌟
🔹 24h Price Change: +19,688%
🔹 Current Price: $0.00007577
🔹 Analysis: KIRBY’s nearly 20,000% increase reflects a strong speculative surge, possibly driven by the token’s appeal in the gaming or meme space. The low price suggests that it's attracting retail traders looking for quick gains.
🔹 Strategic Insight: Watch for any social media buzz or community-driven campaigns that could be propelling this token. Meme tokens often rely on viral traction, so tracking sentiment online can provide clues to its next moves.
🔹 Trade Wisely: A rapid price increase like this may lead to a sharp correction. Be cautious with your entry points and monitor liquidity in case of a pullback.
*Disclaimer: For informational purposes only. Conduct due diligence and trade responsibly.*
🚨 Crypto Influencer Jaypeg Accused of "Uptober" Meme Coin Pump and Dump
Crypto influencer Jaypeg is accused of scamming the "Uptober" memecoin project in a pump and dump scheme!
📊 Cryptocurrency price check 📊
🔹 BTC: $68,864 + 1.08%
🔹 ETH: $2,734 + 3.73%
🔹 BNB: $604 + 1.69%
🔹 XRP: $0.54 + 0.78%
🔹 ADA: $0.36 + 4.89%
🚨 Blockchain.com Execs Hit With Summons for Failing to Submit Accounts on Time: Report
Blockchain.com is facing legal heat for missing filing deadlines. Execs head to court again on Nov. 26.
🧾 Fed Paper Advocates Taxation or Prohibition of Bitcoin to Address Government Deficits
A new paper has raised concerns about Bitcoin’s impact on government fiscal policies, suggesting that it may need to be taxed or banned.
🗝🔒 Mental Outlaw Challenges China’s Alleged Encryption Breakthrough, Cites Quantum Challenges
Researchers at Shanghai University recently claimed to have cracked RSA encryption algorithms used in banking, military, and crypto.
🤳 Decentralized Rival Bluesky Hits 12M Users After Musk’s AI Plans for Twitter
Decentralized social platform Bluesky has seen its user base surpass the 12 million mark
🔥 Senator Elizabeth Warren Targets John Deaton’s Crypto Ties in Final Debate Pre-Election
Tensions flared in the latest debate as Senator Elizabeth Warren took aim at John Deaton's crypto ties!
📰 U.S. Sentences Crypto Fraudster To 5 Years In Prison For For Coinbase Scheme
Indian citizen Chirag Tomar has been sentenced to 5 years in prison for creating fake Coinbase URLs in a massive crypto scheme.
📊Experts Predict MiCA Will Fragment The Billion-Dollar Stablecoin Market
MiCA regulations are set to dramatically reshape the European stablecoin market, introducing stringent compliance rules. USD-backed stablecoins face limitations, while Euro-backed assets may rise in prominence.
⚖️ SEC's Ripple Appeal Targets Sales, Not XRP Non-Security Status
The SEC has filed an appeal against Ripple, focusing on sales practices and executive involvement, but leaving XRP's non-security status untouched!
2. GoLondon (GOLDN/WETH) 🏙
🔹 24h Price Change: +52,088%
🔹 Current Price: $0.00004083
🔹 Analysis: GoLondon’s 52,000%+ surge could be driven by hype around a local or city-themed token, perhaps benefiting from community-driven speculation or marketing campaigns. The very low token price might be attracting retail investors looking for a high-risk, high-reward play.
🔹 Strategic Insight: Check for any news related to the token’s marketing or involvement in projects centered around London or city-based utilities. Small tokens like these can experience significant price action based on local or niche appeal.
🔹 Trade Wisely: With such a low price, even minor fluctuations can lead to major percentage changes. Be cautious of liquidity and the potential for sharp drops following large increases.
*Disclaimer: For informational purposes only. Conduct due diligence and trade responsibly.*