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The latest and biggest crypto news about how Bitcoin, blockchain, DeFi, and Web3 are shaping our world. Global: https://t.me/addlist/pIGS3a3VQZllNzIy Community: @telochat_en Twitter: twitter.com/Telo_Official For ads: ad@telo.news

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Telo News - Crypto | DeFi | Web3

Senator Elizabeth Warren will assume the top Democratic role on the Senate Banking Committee, the panel responsible for handling crypto legislation in the coming months.

Despite Republican control of the agenda, Warren has a platform to push for tighter crypto regulations, arguing the sector is rife with criminality.

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Bitcoin reaches new all-time high of $91,000.

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According to 10x Research, Retail crypto trading in Korea has surged, with daily volumes on Upbit and Bithumb totaling over $26bn—85% higher than the entire local stock market.

Additionally, Korea’s National Pension Service has tripled its investment in Coinbase and MicroStrategy stocks and plans to buy more.

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Revolut has expanded its crypto trading platform, Revolut X, to 30 new European markets, targeting experienced traders.

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Elon Musk said that "all actions of the Department of Government Efficiency will be posted online for maximum transparency." They will have a leaderboard for the top expenses that need to be cut.

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Senator Cynthia Lummis has expressed optimism that her Bitcoin reserve bill could pass within the first 100 days of Donald Trump’s second term.

The legislation aims to position the U.S. as the largest government Bitcoin holder, acquiring 1m BTC—about 5% of the total supply—to bolster the nation’s financial stability and influence in the Bitcoin space.

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After experiencing the largest single-day dollar gain in its history, Bitcoin was unable to break the $90,000 threshold and dropped back to the $85,000 level.

Over $1bn in liquidations occurred within 24 hours, with just a $100m difference between long and short positions.

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On November 11, 2024, Bitcoin recorded its largest one-day dollar increase ever, opening at $80,427.69 and closing at $88,770.73, a gain of $8,343.04.

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Deutsche Telekom has partnered with Meta Pool, becoming the first telecom giant to operate a validator node on the NEAR blockchain.

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Chinese microchip company Nano Labs announced it will begin accepting Bitcoin as payment. This is the first Chinese company to accept Bitcoin since Baidu in 2013, which stopped soon after government restrictions.

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Bitcoin is now the 8th largest asset in market value, surpassing Silver's $1.73tr as the price of BTC hit a new all-time high of $89,500.

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MicroStrategy acquired 27,200 BTC for $2.03bn, bringing its total holdings to 279,420 BTC at an average price of $42,692.

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The BTC Fear and Greed Index has hit its highest levels since March of this year. Historically, Bitcoin corrections have often followed prolonged periods in the "Extreme Greed" zone (75-100).

In February 2021, the index peaked at 95, with Bitcoin surging to $64,000 by April, only to crash to $30,000 within the next three months.

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Tether’s Trade Finance division has financed a $45m Middle Eastern crude oil transaction using USDT, marking its first entry into the region’s commodities market.

This move underscores Tether’s expanding role in global trade, leveraging its USDT stablecoin to streamline payments and enhance efficiency in the $10tn trade finance industry.

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Chinese government had announced a 10tr yuan ($1.4tn) dept swap program to help local governments refinance debt. This stimulus amounts to approximately 7.87% of China's 2023 GDP.

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Indian police arrested Masud Alam, a suspect linked to the over $230m WazirX hack, while the main suspected hacker remains at large.

Alam was accused of creating a fake account, which he allegedly sold to the hacker via Telegram and was later used to exploit the exchange.

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The U.S. announced the inflation figures:

CPI: 2.6% YoY, 0.2% MoM
Forecasted CPI: 2.6% YoY, 0.2% MoM

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Cathie Wood's Ark Invest said the Trump administration's favorable policies may open an IPO windows for companies like Circle and Kraken.

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Bhutan's 12.57k BTC holdings are now over $1.1bn, over a third of the country's GDP.

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Donald Trump said in a statement that Elon Musk and ex-presidential candidate Vivek Ramaswamy will lead a new Department of Government Efficiency (“DOGE”), aiming to slash excess regulation, cut wasteful expenditures, and restructure federal agencies.

The U.S. government currently has over $36tr in national debt.

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Bitwise has announced the launch of the world’s first Aptos Staking ETP (APTB), set to debut on the SIX Swiss Exchange on November 19, 2024.

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Bitget has relaunched its platform in the UK after updating its operations to comply with the Financial Promotions regime.

The relaunch follows a temporary suspension in May and is now backed by Archax’s FCA-approved financial promotions review.

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According to NFTevening, the 2024 NFT market reveals a challenging environment with oversaturation and poor performance across most new collections.

In 2024, 98% of NFT drops have failed and only 0.2% were profitable.

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The UK is planning to start issuing blockchain-based digital government bonds within the next two years, with an announcement expected on November 14.

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Tesla's 11.5k BTC holdings surpassed $1bn in value.

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Bitcoin reaches new all-time high of $84,000.

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Following the U.S. election, digital asset inflows surged by $1.98bn, setting new records for global assets under management.

⚫️U.S. leads with $1.95bn, Switzerland adds $23m, Germany $20m
⚫️Bitcoin sees $1.8bn inflows, boosted by macro factors and U.S. politics
⚫️Ethereum inflows hit $157m, strongest since July
⚫️Solana $3.9m, Uniswap $1m, Tron $0.5m, blockchain equities $61m

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Bitcoin reaches new all-time high of $82,000.

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South Korea's Financial Supervisory Service (FSS) is ramping up its oversight of Trump-linked stocks and cryptocurrency volatility in response to recent U.S. election outcomes.

This proactive move aims to safeguard market stability and protect investors from speculative trading and misinformation.

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Fed Chair Jerome Powell stated he will not resign if asked by President-elect Trump, emphasizing that the president lacks the legal authority to fire or demote him.

Powell also noted that Trump's election win won't influence the Fed's near-term monetary policy decisions.

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