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- We are here to help the crypto community and provide the recent crypto news and market analysis by the experts. We have been in the market since 2013. ⚡️ Owner: @napoleon
XION: A Chain Abstraction-Focused L1 Blockchain for Web3 Mainstream Adoption
As one of the representatives of chain abstraction, XION, supported by Multicoin, is providing a wallet-free experience through generalized abstraction technology, further lowering the threshold for users to use Web3 applications. This article will explore the background of XION and analyze how it solves user experience problems and improves cross-chain experience through abstraction. The article will also analyze XION’s token economics design and interpret the competitive landscape of the chain abstraction track. Read more — link : Wu Blockchain News
QCP: Short-term implied volatility remains elevated above 72 vols for the upcoming Election week for both BTC and ETH with put skews growing higher as traders load up on downside protection. Regardless of the outcome, we believe the Elections will be another sell-the-news action, replicating the Nashville Bitcoin conference. — link : Wu Blockchain News
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Self-custodial crypto wallet SafePal announced the launch of Mini App wallet on Telegram. This application will enable Telegram users to create compliant crypto-friendly Swiss bank accounts and meet the standards of the Swiss Financial Market Supervisory Authority license. The wallet integrates CeDeFi features and supports crypto transactions through digital Visa cards. — link : Wu Blockchain News
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According to Bloomberg, Three Arrows Capital co-founder Zhu Su's wife Evelyn has successfully sold her luxury home in Singapore for S$51 million (approximately US$38.5 million). Evelyn purchased it for S$28.5 million in 2020 and redeveloped it. The transaction was signed in July this year and officially completed in October. — link : Wu Blockchain News
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Polymarket shows that Trump's winning rate has fallen since it reached a peak of 67% on October 30, and has dropped to 58.1% on November 2, while Harris's has increased from a low of 34.4% to 41.1%. A Washington Post poll found that in the final days, Harris and Trump's support in the most critical state of Pennsylvania was almost the same. — link : Wu Blockchain News
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According to WSJ, the French user who spent more than $38 million on betting on Trump's victory on Polymarket said he had no political purpose. He claimed to be a Frenchman who had lived in the United States and worked as a trader in a bank. If Trump's victory came true, he could get a return of more than $80 million. If Harris wins, the user may lose all or most of his money. — link : Wu Blockchain News
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A New York judge ruled on Friday that the criminal trial of Tornado Cash co-founder Roman Storm will be postponed to April 2025 to resolve disagreements disclosed by expert witnesses, and his hearing is scheduled for November 12. Storm is charged with three counts of facilitating money laundering, unlicensed money transmission, and sanctions violations. If convicted, he faces up to 45 years in prison. — link : Wu Blockchain News
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JUST IN: 🇯🇵 Metaplanet has been the best performing stock year to date in Japan.
The #Bitcoin effect 🚀 : Bitcoin
21Shares submitted an application for XRP ETF "21Shares Core XRP TRUST" to the U.S. Securities and Exchange Commission (SEC). 21Shares has previously applied for Solana's spot ETF. Its Solana staking ETP has exceeded US$1 billion in Europe. — link : Wu Blockchain News
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JUST IN: Coinbase says the FDIC "advised" banks not to provide cryptocurrency services over 20 times. : Watcher Guru
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UBS joins BlackRock and Franklin Templeton, launching a tokenised USD Money Market Investment Fund, called uMINT, on the Ethereum blockchain — link | tl;dr : unfolded. DeFi
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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% : Bitcoin
JUST IN: 🇺🇸 Investors are stocking up on Bitcoin ahead of the US presidential election, CNBC reports. : Watcher Guru
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JUST IN: 21Shares officially files for a spot $XRP ETF. : Watcher Guru
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Lu Lei, deputy governor of the Central Bank of China, said in his 2021 book: In the field of monetary economics prediction and practice, there are two people who deserve high respect - Robert Mundell, who just passed away, and Satoshi Nakamoto, who is still unknown.
But the former did not achieve the utopia of dollarization. Bitcoin has evolved into an extremely expensive digital asset, which is getting further and further away from widely circulated currency. — link : Wu Blockchain News
In mid-October, six Thailand police officers broke into the residence of a Chinese man, claiming that he was suspected of forging a passport and demanding payment of 10 million USDT. The Chinese man made three transfers and then entrusted a lawyer to report the case to the police. The Thai police have arrested 12 people, including 9 police officers. — link : Wu Blockchain News
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Sheetz, a mainstream convenience store chain in the United States, announced that it has expanded its cooperation with the Flexa payment platform to support more than 750 of its stores to accept cryptocurrencies such as Bitcoin, Ethereum, Litecoin and USDC, while participating in the My Sheetz Rewardz loyalty program and receiving rewards. — link : Wu Blockchain News
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Bitcoin spot ETF had a total net outflow of $54.9403 million on November 1, the first net outflow after the net inflow in the past 7 days. Ethereum spot ETF had a total net outflow of $10.9256 million. — link : Wu Blockchain News
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🟠 A giant #Bitcoin whitepaper light show over the City of Lugano, Switzerland 🇨🇭 : Bitcoin
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One of the most profitable dapps this year, pump fun: Fee Account: CebN5W...4xC9iM transferred 90,000 SOL to Kraken Deposit at UTC+8 today, worth about $14.97 million. Since October 1, pump fun: Fee Account has transferred 237,500 SOL to Kraken, worth about $38.98 million. Currently, pump fun: Fee Account holds 272,400 SOL, worth about $45.36 million. — link : Wu Blockchain News
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NEW: 🇲🇽 In Mexico, Bitcoiners have created an altar for Satoshi as part of today’s Day of the Dead celebrations, in honor of his wish to keep his identity unknown 😶🌫️ : Bitcoin
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Andrei Grachev, managing partner of DWF, said: When I’ve seen the CCTV video, I was shocked at how he could do such shit. It’s the worst that a man could do, and it should entail severe punishment. We withdraw our funds (from OpenEden) and consider further legal actions against Eugene. Earlier, a woman accused a former DWF partner of spiking her drink and released surveillance footage. — link : Wu Blockchain News
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JUST IN:🇨🇭Switzerland's largest bank UBS launches world's first Ethereum-based tokenized fund. : Watcher Guru
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$3T AUM Giant UBS Launches First Money Fund on Ethereum Blockchain: The Information : Tree News
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Tornado Cash developer Roman Storm’s trial delayed until April — link | tl;dr : unfolded. DeFi
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🟠 MicroStrategy has bought #Bitcoin in every quarter since Q3 2020 🤯 : Bitcoin
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NEW: 🇦🇷 Starting today, Argentina’s Central Bank (BCRA) will host a unique art exhibit, becoming the first financial institution to display live Bitcoin mining ⚡️ : Bitcoin
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21Shares files S-1 for XRP ETF — sec : unfolded. DeFi
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JUST IN: Bitcoin falls below $70,000. : Watcher Guru
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