Coinbase has returned to the top ten of the US Apple App Store, ranking first in the financial category.
Author: TechFlow
Yesterday's market dynamics
Pennsylvania State Assembly proposes legislation to include BTC in state reserve assets
According to Fox Business reporter Eleanor Terrett, the Pennsylvania House of Representatives introduced a legislative proposal today that would allow the state to hold Bitcoin as a reserve asset on its balance sheet. This move is an important part of the state's broader recognition of Bitcoin as a store of value.
Movement Labs Co-Founder: Movement Mainnet is Coming Soon
Rushi Manche, co-founder of Movement Labs, posted on the X platform that "Movement mainnet is imminent", which may imply that TGE will be held soon.
OpSec core team resigned collectively, CEO said the project founder was absent for a long time and monopolized financial power
Chris Williams, CEO of crypto security project OpSec, announced his immediate resignation, and the entire core team will also leave. Chris Williams said in a statement that this decision was based on the findings of crypto analyst ZachXBT and the team's internal assessment.
It is reported that the anonymous founder was absent for a long time and controlled the company's finances alone, which made it impossible for the team to effectively operate. Although the project once reached a record high of US$300 million in market value, as the market environment changed, the development progress slowed down, the partnership stagnated, and some core team members were forced to leave due to salary issues.
Chris Williams stressed that although the project has considerable revenue, the lack of transparency and sufficient support has hindered the team from achieving its goals. ZachXBT said on social media that there were many risk signals in the early stage of the project, and advised investors to stay away from the promoters of related projects in this bull market.
Coinbase returns to the top ten of the US Apple App Store, ranking first in the financial category
As the price of Bitcoin surpassed $93,000 to set a new record high, the Coinbase app jumped from 435th before the election to 9th in the U.S. Apple App Store and ranked first in the financial category. Cash App, which also provides Bitcoin services, is currently ranked 30th, while cryptocurrency and stock trading app Robinhood ranks 13th.
Steven Zheng, research director of The Block, said that "Coinbase app rankings have historically been seen as a signal that retail users are returning to the cryptocurrency market." It is worth noting that Coinbase once topped the app store list before the peak of the bull market in October 2021.
Crypto KOL Ansem: In the future, there will be multiple AI Meme coins with a market value of more than $10 billion
Crypto KOL Ansem (@blknoiz06) posted on social media that he is "quite sure" that there will be multiple AI Meme tokens with a market value of more than $10 billion in the future, but it is not yet clear which projects they are.
Binance will list Usual (USUAL) on Launchpool and Pre-Market
Binance will list Usual (USUAL) on Launchpool and Pre-Market. USUAL will be listed on Pre-Market at 2024-11-19 10:00 (UTC). Launchpool will start at 2024-11-15 00:00 (UTC).
Usual is a stablecoin protocol that offers USD, a permissionless and fully compliant stablecoin backed 1:1 by real-world assets (RWA), and USUAL, a governance token that allows the community to guide the future development of the network.
HashKey Xiao Feng: Trump's support for cryptocurrency may push China to restore the digital asset market
“If the U.S. Congress and the incoming President Trump clarify cryptocurrency policies, continue to legislate and promote the development of the industry, this will definitely become a driving force for China to accept (cryptocurrency),” Xiao Feng, chairman and CEO of HashKey Group, said in an interview.
Xiao Feng believes that Washington and its Western allies' exclusion of Russia from the Swift financial messaging system in 2022 could also prompt Beijing to support the cryptocurrency industry. "If these events hadn't happened, China might have needed five to six years from now to accept cryptocurrency businesses. But now, due to these factors, this time frame may be shortened to two years," he said. The Chinese government has so far shown no signs that it might relax its ban on digital assets. However, Beijing has allowed Hong Kong to develop its digital asset industry. Xiao Feng said that if China wants to resume the development of its digital asset market, it can start with a payment clearing system based on regulated stablecoins. "Stablecoins are currently the best solution for cross-border business-to-consumer trade," he said, citing reasons such as fast transaction speeds and low fees.
Xiao Feng said his HashKey team recently conducted a survey in Yiwu and found that almost all merchants had received inquiries from buyers about whether they could use popular US dollar stablecoins such as USDT and USDC for payment.
Goldman Sachs holds over $710 million in Bitcoin spot ETF shares as of Q3
According to the latest 13F filing submitted by Goldman Sachs to the U.S. Securities and Exchange Commission (SEC), as of September 30, 2024, the institution held eight Bitcoin spot ETFs with a total value of approximately US$719 million. Among them, the iShares Bitcoin Trust ETF held approximately US$461 million and held 12.7695 million shares.
ETH/BTC exchange rate hits 0.034636, the lowest point since April 2021
According to HTX market data, the ETH/BTC exchange rate fell to 0.034636, the lowest point since April 2021, and is currently trading at 0.035.
Market dynamics
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