According to statistics from Dede Think Tank, as of 12:00 on November 17, 2024, there are 15,307 currencies in the global digital currency market. The total market value is $3,145,944,565,843 (about $3,145.9 billion). The total market value of digital currencies this week has increased by about $363.4 billion compared with last week, an increase of about 13.06%.

Most of the global mainstream digital currency markets rose last week

According to statistics from Dede Think Tank, as of 12:00 on November 17, 2024, most of the mainstream digital currency markets rose last week.

Among them, the price of BTC rose from US$79,340.97 to US$90,703.60, an increase of about 14.32%;

The price of ETH fell from $3,192.65 to $3,106.65, a drop of about 2.69%;

BNB price fell from $635.00 to $627.66, a drop of about 1.16%;

The price of LTC increased from $77.16 to $89.49, an increase of about 15.98%;

The DOT price rose from $5.01 to $5.58, an increase of about 11.38%.

The SOL price increased from $205.10 to $232.70, an increase of about 13.46%.

This week, the overall market value of the top 30 digital currencies fell by 0.83% compared to last week.

According to statistics from Dede Think Tank, as of 12:00 on November 17, 2024, there are 15,307 currencies in the global digital currency market. The total market value is $3,145,944,565,843 (about $3,145.9 billion). The total market value of digital currencies this week has increased by about $363.4 billion compared with last week, an increase of about 13.06%.

The total market value of the top 30 digital currencies is $2,846,361,367,889 (approximately US$284.64 billion), accounting for approximately 90.48% of the total market value of all digital currencies, down 0.83% from last week.

BTC ranked first in market value this week, at approximately $1,794.4 billion, accounting for 63.04% of the total market value of the TOP30, up 1.27% from last week.

Ranked second is ETH, with a market value of approximately US$374.1 billion this week. The TOP30 total market value accounts for 13.14%, down 1.99% from last week.

USDT ranked third with a market value of approximately US$127.5 billion this week. Its TOP30 market value accounted for 4.48%, down 0.37% from last week.

The overall fluctuation of the cryptocurrency ranking in the TOP 30 is small. The distribution of specific cryptocurrency proportions is shown in the following figure:

This week, the top 30 digital currencies by market value are divided into public chains, platform coins, stablecoins, tokens, DeFi and other fields.

The largest sector is public chain, accounting for 77.83%, and the second largest sector is stable currency, accounting for 5.97%. The distribution of the top 30 digital currency sectors is shown in the figure below:

There was no significant fluctuation in the share of Bitcoin mining pools this week

According to statistics from Dede Think Tank, a total of 1,008 Bitcoin blocks were mined this week. Among them, there were 2 empty blocks, accounting for 0.20%. The average mining fee and block reward accounted for 4.83%. This week, the top 10 Bitcoin mining pools accounted for 95.93% of the total share. The specific mining pool share distribution is as follows:

Weekly News Review

Industry Progress

  • Stacks founder: sBTC token upgrade may be launched as early as December

  • Hedge funds shorting Tesla have lost more than $5 billion since Trump's election

  • Su Zhu: Buying new highs is far more profitable than any other type of strategy

  • ENS Labs, the company behind ENS, plans to launch its L2 network Namechain by the end of next year

  • Binance will list ACT and PNUT and add seed tags to them

  • FTX sues Binance and its former CEO Changpeng Zhao for $1.8 billion

  • Watcher.Guru: Trump to appoint cabinet members who support cryptocurrency

Investment and Financing

  • Animoca Brands expands beyond gaming, leading crypto investment in October

  • The BWEnews team spent about $318,000 to buy ACT, and has made a profit of more than $3 million

  • Alameda Research sues Waves founder in bid to recover at least $90 million

  • Arthur Hayes discloses the composition of his investment portfolio, including cryptocurrencies such as Bitcoin, crypto company shares, gold, etc.

  • iGaming platform Betski completes $345,000 Pre-Seed round of financing

  • Brazilian blockchain startup Multiledgers completes $1 million in financing, led by Indicator Capital and others

  • Blockchain embedded asset financing platform Tranched completes $3.4 million financing, led by Speedinvest

One-week policy review

  • Bitcoin infrastructure development firm Blockstream opens R&D center in Lugano, Switzerland

  • QCP Trading has received approval-in-principle for a major payment institution licence from the Monetary Authority of Singapore

  • Coinbase Launches Stand With Crypto Advocacy Group in Australia

  • South Korean police uncovered the country’s largest crypto scam, with a YouTuber with 620,000 subscribers as the main culprit

  • U.S. Senator: As long as the American people support it, we can get bipartisan support to pass the Bitcoin bill within 100 days of taking office

  • Brazilian hedge fund Verde took a small position in Bitcoin before Trump's victory

  • Trump hints at SEC chairmanship via 'recess appointment' to bypass Senate scrutiny

Investment Calendar

November 11 (Monday)

  • a16z Crypto: New projects can explore token launches without worrying too much about regulation

November 12 (Tuesday)

  • BTC breaks through 89,000 USDT again, up 10.68% in 24 hours

November 13 (Wednesday)

  • Linea token will be launched in Q1 2025

November 14 (Thursday)

  • Three Arrows Capital seeks to increase claim against FTX to $1.53 billion

November 15 (Friday)

  • OKX Connect now supports over 100 Telegram applets

November 16 (Saturday)

  • SlowMist Yuxian: The rumor that "DEXX users have been stolen a total of 488 million US dollars" is false, and the stolen funds are scattered in multiple addresses

November 17 (Sunday)

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