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🔹Latest Crypto News, Updates, Analysis and Deeper Insights in the whole Crypto space. 🔹No subscription fee🔊 @CryptoWorldNews @CryptoWorldICOs @CryptoWorldAnalysis Admin of the Channel: @AdamCWN ✔️
🔎 #BTC Exchange Proof of Reserves Update
November 6 marks two years since the FTX collapse, which highlighted the need for exchanges to provide Proof of Reserves (PoR) to confirm they hold user funds.
Of the major exchanges, Coinbase is the only one without a public PoR. Binance’s reserves have grown by 28k BTC (5%) to 611k BTC, despite regulatory challenges in 2023. Binance also has the lowest reserve drawdowns, never exceeding 16%.
Since FTX's fall, only Bitfinex and Binance have increased their BTC reserves among the top exchanges.
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😱🤑 Fear and greed index of leading altcoins
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🚽 #CRV Mikhail Egorov is back to his old ways: now he bought a new mansion with an area of 1,500 square meters in Paris for 32 million €. Previously founder of Curve bought a house for $41 million before total liquidation.
Meanwhile, Three Arrows Capital co-founder Zhu Soo's wife Evelyn successfully sold her Singapore mansion for $38.5 million
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💳👀 #TON #SFP SafePal launches crypto wallet in Telegram with support for Visa cards cointelegraph.com
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💰 Wallet 4Jpef, who bought 1.5% of the #GOAT supply after the token's launch, currently has ~$7.4 million in unrealized gains.
He also received 104k #DADDY from a wallet containing 1.4% of the DADDY supply. These tokens were also purchased within 2 hours of the launch of DADDY.
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🇺🇸🏦 The Federal Deposit Insurance Corporation (FDIC), a key regulator overseeing banks and financial institutions in the United States, has recommended banks stop providing cryptocurrency services >20 times. #regulation bitcoinworld
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FYI: 💰 Capital Gains Tax on Selling #Bitcoin (Country-Wise)
🇯🇵 Japan - 45%
🇩🇰 Denmark - 42%
🇮🇳 India - 30%
🇺🇸 United States - 15-20%
🇬🇧 UK - 10-20%
🇩🇪 Germany - 0%
🇸🇻 El Salvador - 0%
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🔝 Top 13 #DeFi tokens by price performance over the last month #CVP #WELL #INST
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📈 #USDC USDC circulation has increased by ~300 million over the past 7 days.
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🇺🇸🥶 IRS: Frozen cryptocurrency rewards are taxable even if the accounts are frozen and holders cannot access their funds. news.bitcoin
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🪙 Bloomberg analyst says spot #Bitcoin ETFs have had "extreme" inflows the last 13 days 🚀
Bitcoin is "digital gold and store of value."
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📊 1,013,120 addresses hold more than 1 #BTC. Interestingly, this number has decreased from 1,024,437 since the start of the year
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🥳👀 #FTT US government demands return of $13 million in political donations from former FTX executives theblock.com
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📈👀 #PYUSD on Solana has surged to a $331 million circulating market cap, a 341% increase. The overall stablecoin market cap grew by 23%.
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📈👀 #USDC monthly transaction volume on #BASE set a new record for the 6th month in a row.
With $450B+ USDC transaction volume, USDC on Base handled over 20% of all stablecoin transaction volume in the month of October.
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📊 #SOL Messari. State of Solana Q3 2024:
▪️ Breakpoint had over 130 presentations with a focus on products, especially mobile;
▪️ Over 500 blinks have been created since Dialect and Solana Foundation launched them in June;
▪️ #PYUSD ended the quarter with a $331 million circulating market cap on Solana, a 341% increase;
▪️ Frankendancer is live on mainnet, and Firedancer is live in non-voting mode;
▪️ 29 projects announced $173 million in fundraising announcements.
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🗓 Major Upcoming Events in November
#ZFI #BBQ #GULL #ASTR #TIA #SMILE #HYPE #A1 #PEAQ #BITFINITY #G3 #FLOKI #SOPH #ARKM
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💳 Sheetz, a US-based retail chain, has partnered with Flexa to enable its more than 750 stores to accept cryptocurrencies such as Bitcoin, Ethereum, Litecoin and more.
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😱 #BTC rally masks bleaker picture in the crypto world. bloomberg
▪️ Hedge fund investments in crypto startups dropped sharply in Q3 2024, down 20% from the previous quarter;
▪️ Declining demand for once-popular assets has led to layoffs at companies like #DYDX, Kraken, and ConsenSys;
▪️ Coinbase’s Q3 earnings report on Wednesday disappointed, causing a 15% plunge in its stock price on Thursday;
▪️ Many blockchains promoted as Bitcoin alternatives have failed to gain traction;
▪️ The #NFT and #Web3 gaming sectors have been in decline for two years;
▪️ Regulatory uncertainty could drive up costs for major U.S. crypto exchanges, according to Re7 Capital.
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📊🤔 #XRP C.Q.: Changed dynamics in XRPL Transaction Type
The increase in OfferCreate transactions suggests a rise in trading activity, reflecting a growing interest in utilizing the platform's capability to issue new assets & adopt DEX features.
📈 The market capitalization of stablecoins increased by $650 million in October.
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📊 #XRP C.Q.: At the beginning of the year, ~88% of transactions were payment transactions, while only 12% were OfferCreate transactions. These numbers have now balanced out to 50% for each type. The increase in OfferCreate transactions suggests an increase in trading activity, interest in using the platform’s capabilities to issue new assets and implement DEX functions.
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🕵️♂️ Commission wallet pump .fun transferred 90,000 #SOL (~$14.97 million) to Kraken. Since October 1, he transferred 237,500 SOL (~$38.98 million) to Kraken.
The wallet currently contains 272,400 SOL (~$45.36 million)
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🕵️♂️🐳 Whale again sold 2019 #BTC ($141.5 million) after BTC price fell today.
Кит sold в общей сложности 5506 BTC (366,9 млн $) с 1 октября и в настоящее время держит 4980 BTC (345,5 млн $).
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⚖️ #NFT The developer of MAYC Mutant Ape Planet has been released from prison due to the inability to determine the real losses of the buyer. Bloomberg
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🇦🇷🏦 #BTC The Bank of Argentina has become the first financial institution to launch a cryptocurrency mining exhibition.
The Central Bank building housed a working mining farm and transparent spheres filled with torn Argentine peso bills.
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🔝 Top Gainers in October 2024
In October, memes demonstrated the strongest performance across all categories
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🇨🇳📱 #CBDC Huawei has integrated the digital yuan into its HarmonyOS NEXT operating system. cointelegraph
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👨⚖️👀 #TORN The upcoming criminal trial of Roman Storm, the developer of Tornado Cash, has been postponed to April instead of the previously planned start date in December. coindesk
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🔎 #ETH Ethereum #DeFi Ecosystem Overview
Ethereum #DeFi ecosystem has shown significant growth, reaching a total TVL of $100.8B, up 8.83% in the last 30 days. Leading the ecosystem are Lido ($24.7B), Aave ($19.8B), and EigenLayer ($11.5B).
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