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According to Odaily, the number of initial unemployment claims in the United States for the week ending November 16 reached 213,000, marking the lowest level since the week ending April 27, 2024. This figure fell short of the expected 220,000 claims and was a decrease from the previous week's revised count of 219,000, which was initially reported as 217,000. The four-week moving average of initial claims, which smooths out weekly volatility, was reported at 217,750, slightly down from the previous week's revised average of 221,500, initially recorded as 221,000. This decline in initial claims suggests a strengthening labor market, as fewer individuals are seeking unemployment benefits. In contrast, the number of continuing unemployment claims for the week ending November 9 was reported at 1.908 million, exceeding the anticipated 1.873 million. The previous week's figure was revised from 1.873 million to 1.872 million. The increase in continuing claims indicates that while fewer people are filing for initial benefits, those already receiving unemployment assistance are taking longer to find new employment opportunities.

According to PANews, artificial intelligence company Genius Group (NYSE American: GNS) has increased its Bitcoin holdings by an additional $4 million, bringing its total to 153 Bitcoins valued at $14 million. The average purchase price per Bitcoin stands at $91,372. This recent acquisition follows the company's announcement on November 12 of its 'Bitcoin First' strategy, which commits to holding 90% or more of its current and future reserves in Bitcoin. The initial target for this strategy is to accumulate $120 million worth of Bitcoin. On November 18, Genius Group disclosed its first Bitcoin purchase under this strategy, acquiring $10 million worth of the cryptocurrency. This latest purchase marks the company's second acquisition within two weeks since establishing its Bitcoin treasury. Earlier in November, Genius Group announced the acquisition of 110 Bitcoins for $10 million, further solidifying its commitment to the 'Bitcoin First' strategy.

According to Odaily, Hargreaves Lansdown analyst Matt Britzman has highlighted the potential impact of Donald Trump's return to the White House on the cryptocurrency market. Britzman suggests that such a political shift could foster hopes for a more favorable stance towards cryptocurrencies by the federal government. This possibility has further fueled the existing optimism driving risk assets higher. Investors are keenly observing any signs of regulatory clarity, with speculation surrounding the potential resignation of U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler. Such a development could pave the way for a more crypto-friendly regulatory environment. The anticipation of these changes is contributing to the positive sentiment in the market, as stakeholders remain vigilant for any indications of a shift in the regulatory landscape.

Binance Blog published a new article, announcing the launch of Binance's official WhatsApp channel. This initiative aims to provide real-time updates on industry news, product launches, and events, complementing existing Binance channels like Telegram and Discord. The channel is designed to offer educational content, making it easier for newcomers to understand blockchain, DeFi, smart contracts, and more, all accessible directly on users’ phones. The launch of this verified channel on WhatsApp, a platform with over 2 billion active users globally, marks a significant milestone for Binance. It establishes Binance as one of the first global crypto exchanges with an official, verified presence on one of the world's largest messaging platforms. This move is part of Binance's mission to make crypto more accessible, trustworthy, and user-friendly for everyone. By expanding its reach to a more diverse audience, Binance aims to provide a secure and reliable source of updates on all things Binance, crypto, and Web3. The new WhatsApp channel is not only about providing updates but also about supporting those new to crypto. Subscribers will have access to educational resources that simplify learning about blockchain, decentralization, tokenomics, DeFi, and smart contracts. Binance's extensive library of Academy and blog articles will help users explore everything from crypto basics to advanced topics. Whether you're diving into blockchain for the first time or staying updated with the latest in the crypto world, Binance’s official WhatsApp channel makes it easier than ever to learn and grow. Security remains a top priority for Binance, and the WhatsApp channel reflects this commitment. The platform has long been a target for scammers, with fake accounts impersonating Binance employees to deceive users. The verified channel by Meta provides a secure way for the community to access accurate information. Users are urged to exercise caution and follow safety tips, such as only following verified channels, being wary of scams, and double-checking links before clicking. Binance emphasizes that it will never ask for sensitive information like passwords, private keys, or 2FA codes. This focus on security makes the WhatsApp channel a reliable and safe space for receiving updates, reducing the risks associated with interacting on third-party messaging platforms. Binance encourages users to stay informed by following their official channels and to remain vigilant against potential scammers who may attempt to impersonate Binance. Always verify that you are engaging with official Binance channels to ensure you receive legitimate updates directly from Binance.

According to Odaily, Mark Moss, a macroeconomic expert and host of the Bitcoin podcast 'The Mark Moss Show,' has suggested that former President Donald Trump positioning himself as the 'Bitcoin President' could lead to the United States adopting a strategic Bitcoin reserve. This move might spark a 'game' that results in 'sovereign-level FOMO (fear of missing out)' among other nations. Moss highlighted that Senator Cynthia Lummis from Wyoming has already proposed a bill to establish a strategic Bitcoin reserve. The plan aims to increase the reserve by 200,000 Bitcoins annually until it reaches a total of one million Bitcoins. Under Trump's leadership, this initiative is 'very likely' to become a reality. Moss believes that if the United States takes this step, it would have significant implications for G7 and G20 countries. Other nations have already started to pay attention to this development and have begun purchasing Bitcoin, which has provided substantial upward momentum for Bitcoin's price.

According to Odaily, a blockchain analyst known as Yu Jin has reported that a trader recently executed a profitable Ethereum transaction. Approximately 30 minutes ago, this trader sold 10,567.3 ETH at an average price of $3,137, which had been purchased two days earlier at $3,120. This transaction resulted in a modest profit of $180,000. This trade marks the 17th round of transactions for the trader, who has achieved 14 wins and 3 losses so far. The trader's strategy appears to focus on short-term gains, capitalizing on small price fluctuations in the Ethereum market. The recent sale highlights the trader's ability to navigate the volatile cryptocurrency market effectively, maintaining a winning record in the majority of their trades.

BNB Chain has announced the addition of an NFT-based loyalty program to its tokenization solutions, aiming to empower enterprises and small to medium-sized businesses (SMEs) to integrate seamlessly into the Web3 economy. This marks an extension of BNB Chain's tokenization initiative, which already includes Real World Assets (RWA) and company tokenization.Streamlining Web3 Transition for BusinessesThe newly launched NFT loyalty program allows businesses to create and manage digital reward systems without requiring coding expertise. By leveraging NFTs, companies can offer unique customer engagement opportunities, such as redeemable rewards and exclusive perks. This feature makes it easier for businesses to explore the benefits of blockchain technology while enhancing customer experiences.Examples of NFT utility include:Retailers offering discounts tied to NFT ownership.Restaurants providing secret menus or complimentary items for NFT holders.Strategic Partnerships and DiscountsTo support this initiative, BNB Chain has partnered with Bitbond and NFTs2Me, two leading service providers in the blockchain space:Bitbond: Offering a 90% discount on tokenization services for BNB Chain users.NFTs2Me: Providing exclusive discounted services to participating businesses.These partnerships aim to reduce entry barriers for businesses looking to adopt Web3 technologies by offering cost-effective solutions and expert support.Driving Digital TransformationWith the addition of the NFT loyalty segment, BNB Chain solidifies its position as a leader in blockchain tokenization services. By focusing on accessible and innovative solutions, the platform seeks to help businesses unlock new engagement strategies and modernize traditional loyalty programs.

According to Odaily, J.D. Seraphine, CEO of the cryptocurrency-based AI verification platform Raiinmaker, recently discussed the evolving role of Bitcoin in financial markets. In an interview, Seraphine emphasized that major financial institutions, such as BlackRock, have now included Bitcoin on their balance sheets. This development marks a significant departure from previous Bitcoin cycles. Seraphine pointed out that if one examines Bitcoin's price history, a distinct pattern emerges. Historically, once Bitcoin surpasses its previous all-time high, its price tends to multiply significantly beyond that peak. This observation underscores the potential for substantial price increases following a breakthrough of past records. The inclusion of Bitcoin by large financial entities like BlackRock suggests a growing acceptance and integration of the cryptocurrency into mainstream financial strategies, which could influence its future price trajectory.

According to PANews, Bitcoin mining company MARA Holdings, Inc. has successfully completed a $1 billion convertible senior notes offering. This includes $150 million in notes issued under a purchase option granted to initial buyers, which was exercised in full on November 19, 2024, with the additional purchase finalized on November 20, 2024. After accounting for discounts and commissions to the initial purchasers, the net proceeds from the sale of the notes amount to approximately $980 million. MARA plans to allocate around $199 million of these net proceeds to repurchase its existing convertible notes due in 2026, which have a total principal amount of $212 million, through privately negotiated transactions. The remaining net proceeds will be used to acquire additional Bitcoin and for general corporate purposes. These purposes may include working capital, strategic acquisitions, expansion of existing assets, repayment of additional debt, and other outstanding obligations.

According to Odaily, payment giant PayPal has announced that it is currently experiencing system issues that may impact several of its products. The company has not specified which products are affected or the extent of the disruption. Users are advised to stay informed through official PayPal channels for updates on the situation. The company is working to resolve the issues as quickly as possible to minimize inconvenience to its customers.

According to BlockBeats, on November 21, data indicates a significant rise in U.S. blockchain stocks during pre-market trading. Several companies in the sector have experienced notable gains, reflecting a positive trend in the market. Leading the surge is SMLR, which saw an impressive increase of 32.7%. This substantial rise highlights investor confidence and interest in the company's potential within the blockchain industry. Following closely, MSTR recorded an 11% uptick, further emphasizing the growing enthusiasm for blockchain-related investments. Other companies also experienced positive movements. MARA's stock rose by 9.2%, while BTDR saw an 8.5% increase. These gains suggest a broader upward momentum across the blockchain sector, as investors continue to show interest in the potential of these technologies. Additionally, RIOT and COIN reported gains of 4.9% and 3.7%, respectively. These increases contribute to the overall positive sentiment surrounding blockchain stocks, indicating a favorable outlook for the industry as a whole. The pre-market performance of these stocks underscores the ongoing interest and potential growth opportunities within the blockchain space.

According to Cointelegraph, Galaxy Digital's research division projects that Bitcoin layer-2 (L2) networks could see approximately $47 billion in Bitcoin liquidity by 2030. This estimation comes as part of a broader analysis of the Bitcoin L2 ecosystem's growth, which has seen a significant increase in projects and venture capital investments. In its latest report, Galaxy Research highlighted the expansion of Bitcoin L2 ecosystems in 2024, noting a sevenfold increase in projects and around $447 million in venture capital investments to date. The report emphasized that venture funding in Bitcoin L2s has already reached $447 million, with 39% of these investments occurring in the first three quarters of 2024. Between January and September 2024, Bitcoin L2s secured $174 million in funding, with $105 million allocated to sidechains and $63 million to rollups. The second quarter of 2024 marked a pivotal shift, with Bitcoin L2s capturing 44% of all venture capital invested in layer-2s across the crypto industry. This period also saw a 159% increase in investments compared to the first quarter of 2024. Galaxy Research noted that traditional crypto venture capitalists, excluding Bitcoin-focused funds, had minimal exposure to the Bitcoin ecosystem before 2024. Previously, many firms viewed Bitcoin primarily as "digital gold," but the emergence of Bitcoin Ordinals and BRC-20 tokens in 2023 introduced new investment opportunities. Galaxy Digital anticipates that crypto venture capitalists will continue to invest in Bitcoin L2s as the ecosystem matures. The report suggests that as the Bitcoin L2 ecosystem develops, approximately $47 billion in Bitcoin could flow into the L2 ecosystem by 2030. This influx is expected as Bitcoin holders seek yield opportunities for their assets. Galaxy's report further elaborates that if Bitcoin reaches $100,000 by 2030, the total addressable market for Bitcoin L2s could reach up to $47 billion, assuming 2.3% of the total Bitcoin supply is locked in Bitcoin L2s by that time. Despite the rapid expansion of the ecosystem, Galaxy researchers predict that only a few players, between three and five, will dominate the market among the 75 builders currently involved in the space. This projection underscores the competitive nature of the Bitcoin L2 landscape as it continues to evolve and attract significant investment.

According to Odaily, market reports indicate that hedge fund Two Sigma has implemented a 10% reduction in its workforce. This development comes amid the fund's ongoing involvement in the cryptocurrency sector. Previously, it was reported that Two Sigma Investments holds 458 Bitcoin and has acquired an additional 428 Bitcoin this quarter. The fund maintains several cryptocurrency investment portfolios, which include digital asset trading company Crossover Markets and crypto trading platform Membrane Labs, among others. The decision to cut jobs reflects broader trends in the financial industry, where firms are adjusting their strategies in response to market conditions. Two Sigma's continued investment in digital assets highlights the growing interest and potential seen in the cryptocurrency market, despite the challenges faced by traditional financial institutions. As the landscape of digital finance evolves, Two Sigma's actions may signal a strategic shift towards embracing emerging technologies and opportunities within the crypto space. The fund's commitment to expanding its crypto portfolio suggests a long-term vision for integrating digital assets into its investment strategy.

On Nov 21, 2024, 12:43 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,300 USDT benchmark and is now trading at 3,312.899902 USDT, with a narrowed 7.18% increase in 24 hours.

On Nov 21, 2024, 12:29 PM(UTC). According to Binance Market Data, BNB has crossed the 620 USDT benchmark and is now trading at 620 USDT, with a narrowed 1.40% increase in 24 hours.

According to Odaily, monitoring by CertiK Alert has revealed that the attacker behind the Polterfinance incident has transferred a total of 2600 ETH to Tornado.Cash since November 19. This development highlights ongoing concerns about the use of privacy-focused platforms in facilitating the movement of potentially illicit funds. The transfer of such a significant amount of Ethereum to Tornado.Cash, a platform known for its privacy features, underscores the challenges faced by authorities in tracking and recovering stolen assets. Tornado.Cash allows users to obfuscate the origin and destination of their cryptocurrency transactions, making it a popular choice for those seeking to maintain anonymity. This incident adds to the growing list of security breaches and exploits in the cryptocurrency space, raising questions about the effectiveness of current security measures and the need for enhanced protocols to protect digital assets. As the investigation continues, stakeholders in the cryptocurrency industry are urged to remain vigilant and prioritize security to prevent similar occurrences in the future.

According to Foresight News, recent data from Suiscan indicates that the Sui network has successfully resumed block production. This development follows a period of downtime that affected the network's operations. The official confirmation of the network's recovery was also made by Suiet, the Sui ecosystem wallet, on platform X. The restoration of block production marks a significant step in stabilizing the Sui network, which had experienced disruptions impacting its functionality. The network's recovery is crucial for maintaining the integrity and reliability of transactions and operations within the Sui ecosystem. Users and stakeholders had been awaiting updates on the network's status, and the confirmation from Suiet provides reassurance of the network's operational stability. The Sui network's ability to resume block production is a positive sign for its users and the broader blockchain community. It underscores the resilience and adaptability of the network's infrastructure in addressing and overcoming technical challenges. As the network continues to stabilize, stakeholders will be monitoring its performance closely to ensure sustained reliability and efficiency in its operations.

On Nov 21, 2024, 12:13 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,200 USDT benchmark and is now trading at 3,206.590088 USDT, with a narrowed 3.77% increase in 24 hours.

According to PANews, a recent transaction by a swing trader has been observed by on-chain analyst Yu Jin. The trader sold 10,567.3 ETH at an average price of $3,137, which was purchased two days earlier at $3,120. This transaction, valued at approximately $33.15 million, resulted in a modest profit of $180,000. This trade marks the 17th round of transactions for the trader, who has achieved 14 wins and 3 losses so far. The trader's strategy appears to focus on short-term gains, leveraging small price fluctuations in the Ethereum market to secure profits. Despite the relatively small profit margin in this instance, the trader's overall performance remains positive, demonstrating a successful approach to swing trading in the volatile cryptocurrency market.

According to Odaily, Nvidia, a leading manufacturer of artificial intelligence chips, experienced a decline in its stock value during after-hours trading on Wednesday and pre-market trading on Thursday. This trend highlights a shift in investor focus towards detailed aspects of the company's performance rather than the broader picture. AJ Bell analyst Dan Coatsworth commented on this development, noting that as investors delve deeper into a company's operations, their demand for detailed information naturally increases. This evolution in investor behavior is evident as they express concerns over Nvidia's declining gross margins. The company's guidance indicates that these margins are expected to decrease further in the current quarter, coupled with revenue forecasts that have fallen short of expectations. These factors have contributed to the unease among investors, who are now scrutinizing Nvidia's financial health more closely. The focus on specific financial metrics, such as gross margins and revenue projections, underscores the importance of detailed financial analysis in shaping investor sentiment. As Nvidia navigates these challenges, the company's ability to address investor concerns and provide clarity on its financial outlook will be crucial in stabilizing its stock performance.