Hong Kong Cyberport, a government business hub, has attracted more than 270 blockchain companies, adding over 120 in 16 months. Despite $50 million in support, the market remains challenging. 🧐

- More than 270 companies from 20+ countries, including the USA, Japan, and Germany.
- Implementation of blockchain technologies in fintech and cybersecurity.
- Licensing of crypto exchanges: 3 licenses issued, 16 applications pending.

Bitcoin at its peak? 🚨

- CryptoQuant warns: one of five key indicators is already flashing red.
- MVRV Ratio shows 2.67, but there is still a margin before the critical mark of 3.7.
- The Fear and Greed Index has reached 90 — the highest since 2021.
- The influx of new capital remains high, but caution won't hurt.
- Coin Days Destroyed is at 15.1 million — a signal for a potential correction.

Keep an eye on the market!

Sky, formerly known as Maker, launched its stablecoin USDS on Solana, aiming to enhance the DeFi ecosystem of the blockchain. 🌐

- USDS has become the first major DeFi stablecoin on Solana.
- Sky offers rewards for early users and liquidity providers.
- Despite the growth of DeFi on Solana, the network's popularity is mainly driven by speculation on meme coins.
- The SKY token is not yet traded on exchanges, which slows its adoption.

Options on the spot Bitcoin ETF from BlackRock, iShares Bitcoin Trust ETF (IBIT), reached nearly $2 billion on the first day of trading. This could have pushed Bitcoin to a new high of over $94,000. 📉

- Trading of IBIT options amounted to 354,000 contracts.
- Analysts believe this caused the rise in BTC.
- The put/call ratio was 0.225, indicating a predominance of optimism.

Grayscale is also preparing to launch options on its Bitcoin ETFs.

🐶 Dogecoin is back in the spotlight! After a 159% increase, DOGE is consolidating, preparing for a new surge. Trader Tardigrade noted that the "Gaussian channel" indicates a possible breakout. Independent trader Javion Marks believes that a repeat of the historical high of $9.73 is "practically inevitable." However, DOGE wallet activity has decreased, which may be a positive signal for long-term investors.

Ethereum (ETH) was unable to stay above $3,200 from September 13 to 19, but on-chain metrics have improved. Ethereum dominates in transaction volumes, but critics point to high fees. Solana, on the other hand, showed an 83% growth and leads in DEX volumes. 🤔 The question is whether Ethereum can maintain its leadership given its scalability issues and competition from Solana.

Coinbase suspends trading of Wrapped Bitcoin (WBTC) starting December 19, 2024. Reason? Unspecified non-compliance with listing standards. 😬

- WBTC will remain available for withdrawals.
- BitGo transferred partial control over the BiT Global wallet, raising a wave of concern.
- WBTC is still the leader among BTC wraps with $13 billion TVL.

Coinbase is promoting its cbBTC, promising proof of reserves.

A court in California has ruled that participants in decentralized autonomous organizations (DAOs) can be held liable for the actions of other members under state partnership laws. This decision concerns Lido DAO, whose members may now be held accountable for failing to register tokens as securities. 🤔 It seems that decentralized governance is facing new challenges.

🚨 Crypto News: The US is preparing to launch options on spot Bitcoin ETFs! 🚀

- On November 19, Nasdaq will begin trading options on Bitcoin ETFs, starting with BlackRock iShares Bitcoin Trust (IBIT).
- This event could change price dynamics and attract institutional investors.
- But let's not forget that the BTC derivatives market is still lagging behind, and this could limit its maturity.

The judge from California rejected Kraken's attempt to appeal the SEC lawsuit, stating that it would only prolong the process. Judge Orrick believes that the SEC has sufficiently proven that the cryptocurrency on Kraken constitutes investment contracts. Kraken insisted on an appeal, but the judge disagrees with their arguments. The SEC claims that Kraken violated laws by not registering as an exchange. 🚨

Democrats from the US Congress are demanding a report from the Treasury on the crypto mixer Tornado Cash, which, despite the sanctions of 2022, continues to operate. 📉 In the first half of 2024, Tornado Cash accepted $1.8 billion in deposits, which is 45% more than for the entire year of 2023. Lawmakers are concerned about the use of the mixer by criminals and are demanding new measures and reports on suspicious activities from the Treasury.

DMM Crypto has announced the closure of Seamoon Protocol. 🚫 The platform, which launched in June 2023, faced "rapid changes in the business environment," leading to the project's premature end. Games like Kanpani Girl Re:Bloom will be phased out by January 2025. While the reasons are not disclosed, this is another example of instability in the crypto industry.

🚨 Attention, crypto enthusiasts! 🚨

- Polter Finance on Fantom lost $7 million due to a flash loan attack. The attacker manipulated the price of the BOO token, leaving the platform without liquidity.

- CoinPoker suffered from a hot wallet hack. Most of the stolen funds have already passed through Tornado Cash, complicating their tracking.

- In the US, a man received 24 years in prison for crypto fraud that collapsed a bank.

Be careful with investments!

The hacker saga continues! 🎭 Heather Morgan, known as the rapper "Razzlekhan", received 18 months in prison for laundering stolen bitcoins from Bitfinex in 2016. Her husband, Ilya Lichtenstein, confessed to hacking and received 5 years. Together they laundered millions, but cooperating with the authorities softened the sentence. The bitcoins stolen then are now worth $10.8 billion. Stay tuned for updates!

📉 XRP is back in the spotlight! After a surge of 134% since the US elections, the price has exceeded $1 for the first time since December 2021. However, technical indicators show that the asset is overbought, which could lead to a correction.

- RSI above 93, indicating a possible correction.
- The price has stabilized above $1, but further growth may be challenging.
- Possible target for 2025 is $1.75, but the path to that level will not be easy.

🧐 Bitcoin is at its peak again, but not everything is so rosy!

- BTC is close to new highs, but the market is full of uncertainty.
- Investors are waiting for volatility, while major players continue to accumulate.
- The US Federal Reserve is pondering: how to deal with "stagflation"?
- Social media signals "FOMO", which may indicate a possible market reversal.

Be cautious and keep an eye on the trends!

Polter Finance suspended operations after a hack that cost $12 million. 📉 Hackers exploited a vulnerability in the new SpookySwap (BOO) market. Funds were traced to Binance, but there has been no response from the perpetrator yet. The founder of Whichghost filed a report with the Singapore police. The community is skeptical about the transparency of the incident, suspecting insider activity. Polter is collaborating with SEAL-ISAC to find the hacker.

🚨 The crypto market is on the brink! Bitcoin continues to grow, but the bears are not giving up, trying to stop the growth in the resistance zone of $92,000-$93,265. If the price breaks through $93,265, it is possible to reach $100,000. However, if the bears pull the price below $85,000, the market may feel pressure.

Altcoins are also rising, but be careful: profit taking can change the trend. Watch key support levels so as not to miss the moment!

🚨 XRP is back in the spotlight! The recent rally to $1.26 was short-lived, and the price has fallen sharply. Whales are actively withdrawing funds to exchanges, locking in profits. Retail traders are also selling, but large players are buying up tokens, which may be a good sign for the future. However, with long positions being liquidated and signs of overbought conditions, the market remains volatile. Be careful!

Ethereum Surprises Again! 🤔

- Macroeconomist Lyn Alden, known for her skepticism of Ethereum, was surprised by its weak performance against Bitcoin after an election that she expected to be favorable for ETH.

- ETH/BTC hits multi-year low of 0.033 despite ETH and BTC prices rising.

- The industry is divided: some believe Ethereum is "dying," others see potential in Trump's policies.