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Elon Musk has doubled down on his support for Dogecoin’s inflationary model, calling it a "feature, not a bug." In a recent Twitter exchange, Musk defended the meme coin's 10,000 new coins minted every minute, arguing that its flat inflation model makes it ideal for everyday transactions. Dogecoin co-founder Billy Markus agreed, saying the model makes it perfect as a currency. Musk's stance aligns with Mark Cuban, who has long championed Dogecoin for its accessibility in payments. Will Dogecoin evolve as a store of value or stay a fun, practical currency?
A popular YouTuber and 214 others have been arrested for defrauding 15,000 victims in a massive crypto investment scam. Promising "20x returns," they issued worthless coins, manipulated markets, and encouraged victims to take out loans. Over 300 billion won (~$222M) was stolen. Authorities have seized assets, including Bitcoin, and are warning against high-return schemes.
Do your research & be cautious of too-good-to-be-true investments!
Ethereum ETFs are seeing a major surge in inflows, with BlackRock’s iShares Ethereum Trust leading the charge. On Nov 12, spot Ether ETFs recorded $135.9M in net inflows, pushing total inflows to $107.2M. BlackRock’s fund saw $131.4M in new investments, bringing its total to $1.67B. This growth coincides with Ethereum’s impressive 32% price surge, now over $3,400. As institutional interest grows, crypto ETFs are becoming a key bridge to mainstream crypto adoption.
Pnut token surged 100% in 24 hours, sparking massive FOMO! But one trader, who bought 19.4M Pnut for 8 SOL ($1,366), sold at a huge loss of $669—just before the rally. Now, those tokens are worth ~$17M! 😱 A painful reminder of the volatile crypto market where timing is EVERYTHING.
MicroStrategy continues its Bitcoin buying spree, adding $2B more to its holdings! This brings their total $BTC stash to a whopping 279,420 coins, now worth a massive $23B. CEO #MichaelSaylor remains a vocal Bitcoin bull, doubling down on the world's largest cryptocurrency despite market volatility. This move solidified Micro Strategy as one of the largest public company holders of $BTC . A bold show of faith in Bitcoin's long-term potential! #Bitcoin #MicroStrategy #CorpTreasury
Hong Kong is ramping up stablecoin regulation, aiming to lower cross-border payment costs and enhance transparency in crypto exchanges. King Leung, Global Head of Fintech at InvestHK, discusses the city’s push for specific licensing for stablecoin issuers, innovation beyond the HKD, and collaboration with Switzerland's Crypto Valley. With a regulatory sandbox to test new technologies, Hong Kong is positioning itself as a leader in fintech and blockchain.
Bybit now offers a 10% APR on 30-day fixed-term staking for Dogecoin ( $DOGE ) as the meme coin surges +83% in just 7 days! With DOGE’s explosive growth, this is a great opportunity for users to earn passive income while capitalizing on the ongoing crypto rally.
Stake your DOGE today and benefit from the bullish market momentum!
Bitcoin hits new all-time highs, surpassing $82,000 and signaling a potential crypto bull run! With Bitcoin's dominance rising, a close market cap to its ATH, and the impact of Bitcoin ETFs, we might be nearing the next parabolic surge. Some analysts even predict a "supercycle" pushing Bitcoin past $200K.
Is history about to repeat itself? The stage is set for a massive rally, but key indicators like Bitcoin dominance and market cap must be closely watched.
Binance lists two Solana-based meme coins: The AI Prophecy ( $ACT ) and Peanut the Squirrel ( $PNUT )! 🎉 Starting Nov 11, 2024, at 10:00 UTC, these tokens will be available for trading against USDT.
🔹 Zero trading fees 🔹 High volatility expected 🔹 ACT & PNUT tagged as high-risk assets
Binance continues expanding its meme coin portfolio with tokens showing impressive growth.
Toncoin (TON) Price Update: Toncoin has surged 8.15% in the past week, hitting $5.26, its highest since Oct 21! With more holders in profit (22.81%) and growing market momentum, $TON is showing signs of a potential rally toward $6.15.
Key Indicators:
21.91M TON addresses are profitable. Money Flow Index (MFI) rising, supporting buying pressure. Market sentiment is shifting, with fewer holders in the red. With increased buyer momentum, Toncoin may continue its upward trajectory. Will $TON hit $6.15 soon?
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