Crypto Market Daily Review ☀️
The market is growing. Market cap is $1.47T. Bitcoin is trading at $38.1K
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The Brazilian Senate approved new income-tax regulations that could mean citizens will face paying up to 15% on earnings from cryptocurrencies held on international exchanges.
The regulation, if sanctioned by President Luiz Inacio Lula da Silva, could be effective as of Jan. 1.
Those affected will be Brazilians earning more than $1,200 from foreign exchanges and investment funds with a single shareholder.
https://www.coindesk.com/policy/2023/11/30/brazil-to-impose-15-tax-on-crypto-earnings-held-on-offshore-exchanges-report/
The largest mainnet upgrade in Injective history will be released in a few weeks.
https://x.com/injective_/status/1730263417825472820
Binance has successfully executed the world's first cryptocurrency triparty arrangement with a third party banking partner.
This solution enables institutional investors to keep trading collateral, off-exchange in the custody of a third party banking partner.
https://www.prnewswire.com/news-releases/binance-pilots-banking-triparty-agreement-to-help-institutional-investors-to-manage-counterparty-exposure-302002179.html
MicroStrategy has acquired an additional 16,130 BTC for ~$593.3 million at an average price of $36,785 per bitcoin.
As of 11/29/23, MicroStrategy now hodls 174,530 BTC acquired for ~$5.28 billion at an average price of $30,252 per bitcoin.
The company also plans to raise $750 million through the sale of Class A common stock.
https://x.com/saylor/status/1730226879125160426
OKX’s Web3 Wallet is now integrated with Clearpool.
https://medium.com/clearpool-finance/clearpool-okx-web3-integration-bringing-lending-opportunities-to-400k-okx-web3-users-a98e1ceb505b
KuCoin has listed Mantle Network (MNT).
Withdrawals: 10:00 on December 1, 2023 UTC
https://www.kucoin.com/announcement/mantle-network-mnt-gets-listed-on-kucoin
Upbit has listed SpaceID (ID).
After the news, the ID price has increased by 25%.
https://www.upbit.com/service_center/notice?id=3891
Changpeng ‘CZ’ Zhao, former CEO of Binance, hires Matthew Diggs, a former federal prosecutor, as his attorney.
https://www.cryptopolitan.com/cz-hires-top-federal-prosecutor-mathew-diggs/
Grayscale is updating the trust’s agreement for the first time since 2018.
https://www.coindesk.com/business/2023/11/29/grayscale-gears-up-for-etf-updating-trust-agreement-for-sake-of-operational-efficiencies/
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.45T. Bitcoin is trading at $37.9K
dropstab | icodrops | twitter | telegram
MultiversX announces that its next xLaunchpad project, Ta-da, adds 250 additional beta testing seats.
Ta-da brings all its activity on-chain via xLaunchpad.
Beta: https://beta.ta-da.io
https://twitter.com/MultiversX/status/1729809941341351955
Cross-chain protocol Wormhole has secured a $225-million investment at a valuation of $2.5 billion.
The investment round was led by Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital and Arrington Capital.
The Wormhole Foundation also announced the launch of Wormhole Labs, which the company said “is an independent technology company that specializes in building products, tools, and reference implementations that help grow cross-chain activity and development.”
https://cointelegraph.com/news/wormhole-raises-225-million-2-5-billion-valuation
IOTA Foundation launches $100 million fund in IOTA tokens in Abu Dhabi to support and accelerate ecosystem growth.
The IOTA price has increased by 35%.
https://x.com/iota/status/1729836948422803896
Bounce Finance has introduced BounceBit, a blockchain solution designed for the Bitcoin ecosystem, based on BTCB and powered by AUCTION.
https://bouncefinance.medium.com/introducing-bouncebit-a-blockchain-solution-for-bitcoin-ecosystem-based-on-btcb-powered-by-0319cf1169aa
The United Nations Development Programme (UNDP) announces a partnership with Algorand Foundation to launch a blockchain academy to provide UNDP staff with knowledge and insights into the applications of blockchain technology.
The Algorand Blockchain Academy will launch in 2024 and is designed to bolster UNDP staff capacity through education and training in blockchain technology and its practical applications for sustainable development.
https://www.algorand.foundation/news/united-nations-development-programme-partners-with-algorand-to-launch-a-blockchain-academy
CoinList has announced the bitsCrunch Community Sale.
The sale begins on December 14, 2023 at 17:00 UTC and has one public option.
Price: $0.055
Supply: 60,000,000 BCUT tokens* with an additional 5,000,000 BCUT tokens** reserved for bonus
Lockup & release: 20% unlock at TGE followed by a 12-month linear release
Initial purchase limits: $50 minimum, $2000 maximum (USDT/USDC only)
Registrations Deadline: December 11, 2023 at 12:00 UTC.
https://blog.coinlist.co/announcing-the-bitscrunch-community-sale-on-coinlist/
The hacker who attacked Kyberswap intends to gain full control of the company and the KyberDAO governance mechanism.
He demands the transfer of all company documents and assets, including intellectual property.
https://x.com/delucinator/status/1730197546281431194
Ark Invest sells $5 million Coinbase shares, buys $2 million more in Robinhood.
https://www.theblock.co/post/265377/ark-invest-coinbase-robinhood-uk-onboarding
Galxe has partnered with Mantle.
Galxe is also preparing a big announcement.
https://x.com/galxe/status/1730069046329245704
Binance will cease support for BUSD products on 2023-12-15.
The announcement came amid growing regulatory pressure on Paxos.
https://www.binance.com/en/support/announcement/notice-regarding-the-removal-of-busd-and-conversion-of-busd-to-fdusd-1c98ce7bb464422dbbaeda7066ae445b
Coinbase CEO Brian Armstrong said Coinbase has met with the SEC 30 times over the last 18 months.
"We haven't really gotten any feedback from them about which assets they believe are securities and which they believe are not," he said.
https://decrypt.co/207848/coinbase-ceo-asked-sec-for-feedback-got-lawsuit
FTX approved to start selling $744 million in Grayscale assets.
https://www.bloomberg.com/news/articles/2023-11-29/ftx-approved-to-start-selling-744-million-in-grayscale-assets#xj4y7vzkg
Ledger now supports the dYdX chain on Cosmos.
https://www.ledger.com/blog/manage-stake-your-dydx-tokens-with-ledger-live
Sei announced the SEI V2 update, which will include EVM support.
https://x.com/seinetwork/status/1729867190671941636
📈 Top Gainers Among Layer 1 Blockchains in the Last 7 Days
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Mummolin has announced the successful completion of a $6.2 million seed funding round, led by Jack Dorsey, also featuring investors such as Accomplice, Barefoot Bitcoin Fund, MoonKite, NewLayer Capital, and the Bitcoin Opportunity Fund, among others.
This funding will fuel the launch of OCEAN, a new initiative aiming to decentralize bitcoin mining on a global scale.
https://www.nasdaq.com/articles/block-ceo-jack-dorsey-leads-$6.2-million-investment-round-in-decentralized-bitcoin-mining
The frontend of the Velodrome and Aerodrome protocols that run on Optimism and Base networks are compromised.
The funds are safe.
https://x.com/velodromefi/status/1729771762752135463