Shiba Inu whales hold 10% of SHIB, a 250,000x increase to 2.5 billion USD
On-chain data has revealed that an unknown large investor holds over 10% of the Shiba Inu token supply, raising new concerns about the distribution of the second largest meme coin in the world.
A mysterious Shiba Inu (SHIB) whale owns over 10% of the total token supply through 150 different addresses.
Although the value of these holdings once peaked at over 5 billion USD, this whale has continued to hold onto its SHIB since 2020, according to a post on November 19 on X by blockchain data company Bubblemaps, stating that:

Cardano's price risks losing 40% of the 'Trump Trade' profits
The price of Cardano (ADA) surged 140% in November, primarily due to Donald Trump's re-election as President of the United States.
However, some indicators suggest that much of ADA's gains driven by Trump may decline in the coming days.
ADA signals a 35% correction due to weaker technicals
The price of Cardano is showing potential risk as a bearish 'rising wedge' pattern forms on its 4-hour chart.

South Korea to impose 20% tax on Cryptocurrencies by 2025
The Democratic Party of Korea is moving forward with a plan to impose a tax on cryptocurrency profits from early 2025 but is offering a solution by raising the threshold for taxable profits.
On November 20, local newspaper Seoul Shinmun Daily reported that the Democratic Party of Korea (KDP) has challenged the People Power Party’s (PPP) plan to delay cryptocurrency taxation until 2028.

Memecoin trader makes $988K in 3 hours avoiding trap
A smart trader made a profit of more than 2,100 times in just three hours, despite entering a scam token trade that turned out to be a “rug pull” — a type of scam where developers abandon a project and misappropriate investment funds.
A memecoin trader made nearly $1 million in profit in just three hours from an initial investment of just 2 Solana Tokens (SOL) worth about $460, according to a Nov. 20 post from blockchain data firm Lookonchain:

Explore Wrapped Bitcoin: Review of wBTC, cbBTC, tBTC
Bitcoin (BTC) is the largest cryptocurrency by market capitalization and is an emerging store of value asset. However, its limited programmability has constrained its utility in DeFi (Decentralized Finance) applications. Wrapped Bitcoin tokens help address this limitation and facilitate the transfer of Bitcoin's value to faster and richer platforms.

SAND's short-term target – Will it surpass 0.375 USD?
SAND appears to be consolidating below the resistance level of 0.375 USD, with the RSI at 71.87
Strong on-chain indicators include a growth of 13.10% in large transactions
Recently, The Sandbox [SAND] has seen heightened activity, with 9.04 million SAND (3.28 million USD) deposited into Binance over the past 13 hours, raising the total over 26 days to 19.05 million SAND (5.9 million USD). At the time of writing, SAND is trading at 0.3465 USD, reflecting a 2.20% decrease over the past 24 hours.

Sky launches USDS stablecoin on Solana
The decentralized DeFi lending and borrowing protocol Sky, previously known as Maker, has launched its USDS stablecoin on Solana to penetrate this blockchain's growing DeFi ecosystem.
On November 19, Sky announced on X a post stating that its USDS is the 'first major native stablecoin on Solana's DeFi' and will open new ways for lending and trading on Solana's leading DeFi platforms.

5 Signs Bitcoin Price Is About to Crash: CryptoQuant Warns
There are five major warning signs as Bitcoin nears a price peak, and one of those indicators has turned red, according to onchain data service CryptoQuant.

In a November 19 post on X, CryptoQuant shared the top indicators to watch when assessing whether the Bitcoin price is approaching unsustainable levels.
Source: CryptoQuant

BlackRock Bitcoin ETF Hits $1.9 Billion on First Day
Options contracts on BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust ETF (IBIT), saw nearly $2 billion in total trading value, which may have pushed Bitcoin to a new high above $94k.
“IBIT options first-day trading aggregated nearly $1.9 billion in notional value across 354K contracts,” Bloomberg ETF analyst James Seyffart reported on November 20.

Will Dogecoin reach 5 USD thanks to the Gaussian channel model?

Dogecoin (DOGE) has seen a period of higher price consolidation after a 159% increase from 6.11 to 12.11. On 18.11, the largest memecoin completed a bullish engulfing candle, sparking speculation about the possibility of approaching the historical peak level of 0.73 USD.
1-day chart of Dogecoin. Source: TradingView
With the market refocusing on DOGE, a special indicator has highlighted its historical potential to undergo another parabolic price surge in the coming weeks.

Paxos acquires Membrane Finance to expand EU stablecoin
Paxos's blockchain infrastructure platform has agreed to acquire Membrane Finance, a Finnish Electronic Money Institution. After regulatory approval, this transaction will allow Paxos to enter the European Union.
A stablecoin issuer with a coveted license
The acquisition of Membrane Finance will help Paxos become a fully licensed Electronic Money Institution in Finland and the EU, thanks to the license held by Membrane Finance from the Finnish Financial Supervisory Authority. This license is recognized in 30 European countries. Walter Hessert, Paxos's Chief Strategy Officer, stated:

PayPal and Xoom: A Turning Point in Stablecoin Payments?
PayPal has partnered with Xoom to enable cross-border payments using its stablecoin, PayPal USD (PYUSD), according to an announcement from the payments giant on November 19.
The deal is designed to expand access to PYUSD in Asian and African markets, allowing PayPal to settle cross-border transactions outside of traditional banking system business hours, PayPal said.

Hedera (HBAR) Explodes 180%, Has It Reached Overdrive?
HBAR, the native cryptocurrency of the Hedera Hashgraph network, has seen a massive surge of over 180% over the past week. It is currently trading at $0.13, a high last seen in April 2024.
However, this escalation has pushed the Token price into overbought territory. This overextension suggests that a price correction may be imminent for the HBAR Token.

Historic Ruling: Cryptocurrency Not Banned in China
According to a recent ruling, the Shanghai High Court stated that Cryptocurrency assets have "property attributes," and Chinese law does not completely prohibit them. However, these protections only exist when Cryptocurrency is viewed as commodities, not as currency or business instruments.
These comments arose in a scam involving two businesses and a failed Token issuance, and the Court has strongly condemned their actions.

Crypto Market November 20, 2024: The hottest coins right now!
Today (November 20, 2024), the Crypto market continues to witness noteworthy fluctuations as Bitcoin (BTC) reaches a new all-time high (ATH) at 94,000 USD. BTC is currently trading around 91,800 USD, up nearly 1% over the past 24 hours. According to data from CoinGecko, BTC's market capitalization is approximately 1.81 trillion USD, with a 24-hour trading volume exceeding 86 billion USD.

Final FTX leader sentenced on 11/20: What should users expect?
On November 20, FTX co-founder Zixiao 'Gary' Wang will stand before a judge in a courtroom in New York to learn whether he will serve years in prison or be allowed to remain free after pleading guilty to fraud charges.
Wang, one of five former executives of FTX and Alameda Research named in the indictment related to the collapse of the cryptocurrency exchange and the misuse of user funds, is expected to be sentenced in the Southern District Court of New York on November 20. He pleaded guilty to wire fraud, commodities fraud, and securities fraud and has testified at the criminal trial of Sam 'SBF' Bankman-Fried, which may have contributed to the former FTX CEO receiving a 25-year prison sentence.

Bitcoin Price Analysis Hits $94K as ETF Options Launch

Bitcoin (BTC) saw volatility near all-time highs on November 19 as geopolitical tensions sparked volatility in risk assets.
BTC/USD 1-hour chart. Source: TradingView
BTC Price Analysis Sees $94K Liquidity Play
Data from TinTucBitcoin and TradingView shows that the 2.4% daily BTC price gain has returned after a brief dip at the Wall Street open.

U.S. Attorney Handling FTX Sam Bankman-Fried Resigns
Damian Williams, the prosecutor investigating the case of Sam Bankman-Fried from FTX, may be planning to leave the Southern District Court of New York before Trump takes office in January.
Early reports indicated that Trump plans to replace Williams with Jay Clayton, former SEC chair.
Prominent Crypto Cases Under Damian Williams
Williams was appointed in 2021 under President Joe Biden. Since then, he has led some of the most prominent cryptocurrency fraud prosecutions in recent years. His office has played a crucial role in holding cryptocurrency executives accountable following the industry's turmoil in 2022.

Bitcoin reaching 110K USD? Tom Lee predicts ATH opportunities
Can BTC reach 100K USD before the end of 2024? Tom Lee seems confident about this scenario.
Why could Trump's choice for the position of US Treasury Secretary be a triggering factor for this outlook?
Bitcoin [BTC] could reach a new all-time high and head towards the 100K USD target before this year ends.
According to strategist and analyst of Fundstrat, Tom Lee, the 100K USD milestone could soon be surpassed, especially after President-elect Trump's choice of the next US Treasury Secretary.