USDQ and EURQ: The Dutch Stablecoins Set to Shake Up Europe
On November 17, the Dutch blockchain firm Quantoz Payments officially launched two new stablecoins, USDQ and EURQ, pegged to the US dollar and euro, respectively.
Battery Manufacturer Adopts Bitcoin Investment Strategy
On November 14, Solidion Technology, a key supplier of battery materials, announced a strategic shift towards Bitcoin by reallocating a portion of its cash reserves to the cryptocurrency. This move comes amid the rise of pro-crypto leadership in the U.S., following Donald Trump’s presidential victory.
Polymarket Suffers 75% TVL Loss After U.S. Elections
The smart contract-based betting platform Polymarket, which facilitates cryptocurrency bets on any event, witnessed a 75% decline in TVL after November 5, coinciding with the end of the U.S. presidential election.
Selling Fed Gold to Buy BTC: A New Plan
Republican Senator Cynthia Lummis has proposed a bill that would allow the U.S. to partially sell its gold reserves to invest in Bitcoin. The plan is for the U.S. to acquire 1 million BTC — about 5% of its total supply. At current market prices, such a purchase would cost approximately $90 billion..
Solana Dominates New Token Launches with 89% Share
While Bitcoin grabs attention with record-breaking price rallies, Solana quietly takes the lead in hosting newly launched tokens. As of now, 89% of all new projects have chosen Solana as their starting point.
Stablecoin Payments Platform BVNK Looks to Raise $50M
Blockchain-based and stablecoin-focused payments platform BVNK aims for a new funding round. According to Bloomberg, the startup, which is backed by Tiger Global Management, is in talks with potential buyers to raise at least $50M.
The SEC Sued by 18 States Over Crypto Overreach
18 US states filed a lawsuit against the Securities and Exchange Commission (SEC) and five commissioners under the leadership of Chair Gary Gensler.
Bitfinex Hacker Sentenced to Five Years in Prison
Ilya Lichtenstein, who hacked the Bitfinex cryptocurrency exchange and laundered 119,754 BTC (now valued at approximately $10.5 billion), received a five-year prison sentence instead of the potential twenty, thanks to his collaboration with authorities. At the time of the hack, the stolen assets were valued at $71 million.
New Republican Leader Gains Crypto Industry’s Support
Optimism runs high in the crypto sector with the election of John Thune as the Republican leader in the U.S. Senate, particularly given the Republican control of both the Senate and Congress.
Investors Sue Caitlyn Jenner Over JENNER Memecoin Promotion
Caitlyn Jenner, former Olympic gold medal-winning decathlete, media personality, and newly appointed Secretary of Transportation, faces a lawsuit from investors.
UK to Challenge US Crypto Dominance
This month, the UK government will present targeted regulatory proposals to create a favorable environment for crypto startups in the United Kingdom.
China May Relax Its Crypto Ban: HashKey Group CEO Says
Xiao Feng, the chairman and CEO of the investment company HashKey Group, believes China may reconsider its approach to crypto now that Donald Trump has won the election.
FBI Seizes Phone and Other Electronics from Polymarket CEO
On November 13, 2024, the FBI searched the Manhattan apartment of Shayne Coplan, CEO of the betting platform Polymarket. Agents woke him at 6 a.m. local time, requesting that he hand over his smartphone and other electronic devices.
BlackRock’s BUIDL Fund Expands Blockchain Reach
BlackRock, the largest investment firm in the world, has expanded its BUIDL RWA fund to five new blockchains, including Aptos, Arbitrum, Avalanche, OP Mainnet, and Polygon. Until now, BUIDL was exclusively available on Ethereum.
Revolut X Expands Operations to 30 European Markets
Revolut, the crypto-focused neobank, is scaling up its exchange platform, Revolut X, to cover 30 new countries in the European Economic Area (EEA). Aimed at seasoned crypto traders, the platform now includes regions like Belgium, Cyprus, Denmark, among others.
LINEA Token to Be Launched by the End of Q1 2025: Confirmed
Ethereum Layer 2 solution Linea developed by Consensys is heading towards decentralization. At Devcon 2024, the company announced the Linea Association to oversee the blockchain’s development and governance along with the launch of the LINEA token.
Elon Musk Will Lead DOGE, a New Government Department
President-elect Donald Trump released a statement announcing that Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency (DOGE) to “make changes to the federal bureaucracy”.
Crypto Tax Cut Incoming? Italy Rethinks 42% Hike to Just 28%
The Italian government, led by Giorgia Meloni, is likely to reconsider its proposed cryptocurrency tax hike in next year’s budget, potentially reducing it from 42% to 28%. Currently, the tax rate stands at 26%.
Introducing Coin50: Coinbase’s New Crypto Index
Leading U.S. crypto exchange Coinbase has launched the Coinbase 50 Index, also called Coin50, as its new market benchmark.
Zerion’s ZERO Blockchain: A No-Fee Innovation
The developers at Zerion have rolled out the mainnet for their L2 blockchain, ZERO, enabling wallet users to issue, trade, and transfer tokens without gas fees, powered by zero-knowledge proof (ZK) technology.
Devcon Begins With Buterin’s Speech and Stage Dance
Devcon, an event organized by the Ethereum Foundation, kicked off today, November 12, in Bangkok.
Sam Trabucco Hands Over $80M in Assets to Settle FTX Debts
Sam Trabucco, a former Alameda executive, has agreed to turn over $70 million, along with his yacht and apartment, to FTX creditors.
BTC Surpasses Silver’s Market Cap, MSTR Hits 24-Year Record High
On November 12, Bitcoin surged toward the $90,000 mark, though it hadn’t crossed it at the time of this writing. That day, BTC’s market cap also surpassed that of silver, which is valued at around $1.72 trillion.
Ethereum ETFs Hit Historic Inflow—Is Altcoin Season Here?
The anticipated altcoin season may be ignited by record inflows into spot Ethereum ETFs, reaching $295.5 million on Tuesday, November 11.
Why Bitcoin Will Go Higher: Arthur Hayes Shares His Analysis
BitMEX co-founder and crypto analyst Arthur Hayes reflected on Donald Trump’s victory in the presidential election, predicting major economic changes.
Opinion
MORE
Who Is Crypto Kaleo: A Market Analyst with 700,000 Followers
Crypto Kaleo is a renowned crypto trader and one of the most followed influencers in the industry. Active since 2017, he has built a strong presence on X, TradingView, and other platforms, sharing technical analysis, market predictions, and insightful commentary on the crypto space.
Investigation
MORE
Zora Network Reviewed: A Testnet Guide
Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.