Binance, the exchange will remove and stop trading on the following spot trading pairs: DAR/BTC, IRIS/BTC, RARE/BRL, THETA/ETH, and UTK/BTC
Binance has announced it will remove and stop trading the spot trading pairs including DAR/BTC, IRIS/BTC, RARE/BRL, THETA/ETH, and UTK/BTC, effective from 10:00 AM on November 22, 2024 (Vietnam time). This decision was made to protect users and maintain the quality of the trading market, based on factors such as liquidity and low trading volume.
Users should also note that this delisting does not affect the ability to trade related tokens on Binance; they can still trade these assets with other pairs like USDT. Additionally, users should take timely action to close or transfer their Margin positions before the delisting deadline to avoid incurring unnecessary losses.
Stablecoins on Ethereum have achieved a strong dominance position in the cryptocurrency market, with a record trading volume of $1.46 trillion in the first 9 months of 2024, more than doubling since the beginning of the year. Ethereum currently holds a stablecoin supply of up to $85 billion, reinforcing its role in the decentralized finance (DeFi) ecosystem.
This dominance not only reflects the increasing demand for stablecoins but also shows that USDT and USDC remain the primary stablecoin assets, despite the emergence of new competitors like PYUSD from PayPal. According to data from DefiLama, the market capitalization of stablecoins on Ethereum has reached $84.869 billion, with USDT holding the largest market share.
These successes not only improve liquidity and reduce slippage in the market but also attract major financial institutions to engage in crypto, creating a bridge between traditional finance and the cryptocurrency market.
Bitcoin is preparing to conquer the milestone of 100,000 USD thanks to the reasons below
Bitcoin is approaching the milestone of 100,000 USD due to several noteworthy factors. First, optimism about Donald Trump's cryptocurrency plan has driven Bitcoin prices significantly higher. The price of Bitcoin has surpassed 96,000 USD and doubled this year thanks to positive sentiment from investors and favorable financial policies for cryptocurrencies.
Second, the launch of the 54 billion USD Bitcoin ETF has reinforced Bitcoin's role as a distinct store of value, attracting strong investment flows. Additionally, FOMO (fear of missing out) sentiment is rising, with many investors betting on Bitcoin's ability to conquer the 100,000 USD mark by the end of the year. MicroStrategy, with its large holdings, also plays a crucial role in asserting confidence in the value of Bitcoin.
Finally, macroeconomic factors such as the global economic situation, interest rates, and regulatory adjustments may also impact the cryptocurrency market experience and affect Bitcoin prices in the future.
Ethereum (ETH) Founder Vitalik Buterin Has Surprisedly Bought a New Altcoin ANON
The news that Vitalik Buterin, the founder of Ethereum, has bought a new altcoin ANON has not been widely reported in reliable news sources. However, Vitalik is known for his unexpected investment moves and regularly follows and participates in many potential projects in the cryptocurrency space. It is known that his investment decisions are often not only based on the purpose of seeking profits but also to support the development of new blockchain technologies and communities.
If you want to learn more about Vitalik Buterin's recent investments or the latest information about ANON, you can follow cryptocurrency news sites, such as CoinDesk or The Block, to stay updated with relevant information.
Vào lúc 18h30 ngày 21 tháng 11 năm 2024, Binance Futures đã chính thức niêm yết các hợp đồng tương lai vĩnh viễn cho hai đồng coin là SLERF và SCRT, với đòn bẩy tối đa lên tới 75 lần. Cụ thể, hợp đồng SLERFUSDT và SCRTUSDT sẽ được mở giao dịch, cho phép người dùng có thể tham gia giao dịch với mức hỗ trợ đòn bẩy cao, phù hợp cho các nhà đầu tư muốn tối ưu hóa lợi nhuận trong thời gian ngắn .
SLERF là một meme coin thuộc hệ sinh thái Solana, trong khi SCRT là token của Secret Network. Cả hai đều có thể thu hút sự chú ý từ cộng đồng các nhà đầu tư tiền mã hóa, đặc biệt là trong bối cảnh các đồng coin meme đang nhận được sự quan tâm lớn từ thị trường . Hãy đảm bảo bạn xem xét các yếu tố rủi ro và thực hiện nghiên cứu kỹ lưỡng trước khi tham gia giao dịch để tránh những rủi ro tiềm ẩn .
When considering an investment in Dogecoin (DOGE) or Shiba Inu (SHIB) for 2025, these two coins have different prospects. According to the analysis of some experts, DOGE could reach a price range of $0.80 to $1.20 by 2025, thanks to the influence of Elon Musk and increased acceptance on exchanges. Although the current price of DOGE is around $0.364, which has decreased by more than 50% from the 2021 peak, this is still considered a potential investment opportunity.
On the other hand, Shiba Inu (SHIB) is currently trading at $0.0000241 and may have significant growth potential due to the Shibarium project, a Layer 2 blockchain being developed by SHIB. The prediction for SHIB is around $0.00005 to $0.00008 by 2025, which translates to a growth potential of 200% to 300% from the current price.
In summary, if you are looking for higher growth potential, SHIB may be the better option. However, if you want a coin with community support and significant influence, DOGE may be a more acceptable choice.
The market capitalization of Bitcoin approaches 2 trillion USD, targeting Amazon and Alphabet
The current market capitalization of Bitcoin has reached approximately 1.81 trillion USD, almost nearing the 2 trillion USD mark. This has allowed Bitcoin to surpass Saudi Aramco, becoming the seventh largest asset globally, and it now stands behind major tech companies like Alphabet and Amazon, with market caps of approximately 2.2 trillion USD for Alphabet and 2.25 trillion USD for Amazon.
In the market context, Bitcoin has recorded a significant price increase; just before November 12, the price of Bitcoin exceeded 90,000 USD and is heading towards setting new records. According to some experts, Bitcoin could reach the 100,000 USD mark by the end of 2024 if this upward momentum continues. This increase in value is likely related to changes in market sentiment and economic factors such as interest rates and financial policies following the U.S. presidential election.
Giá SUI giảm khi blockchain Sui ngừng hoạt động hơn một giờ
Vào ngày 21 tháng 11, 2024, giá SUI giảm khoảng 11% do blockchain Sui ngừng hoạt động hơn một giờ, từ khoảng 3,39 USD xuống mức thấp hơn. Vấn đề này xảy ra khi mạng lưới Sui không sản xuất block mới, gây ra sự lo lắng trong cộng đồng tiền mã hóa về khả năng vận hành của hệ thống này. Nguyên nhân cụ thể của sự cố vẫn chưa được xác định, nhưng đội ngũ phát triển Sui đang điều tra để khắc phục tình hình .
SUI gần đây đã có một đợt tăng giá 30% trong vòng một tháng trước đó, nhưng sự cố này đã làm đảo lộn xu hướng tích cực đó, cho thấy một yếu tố rủi ro trong việc đầu tư vào altcoin này . Các nhà đầu tư có thể đang bắt đầu chốt lời sau khi ghi nhận lợi nhuận từ đợt tăng giá trước đó, và áp lực bán có thể tiếp tục tồn tại trong ngắn hạn nếu tâm lý thị trường không được cải thiện .
Pepe Unchained has officially surpassed the 40 million USD mark in its presale, demonstrating the strong appeal of this project in the meme coin market. This success occurred over the past weekend, shortly after Pepe Coin was listed on Coinbase. Interest from large investors, also known as "whales", has significantly contributed to attracting capital for this project. Pepe Unchained is not just a simple copy of Dogecoin, but also brings groundbreaking technology through Layer 2 solutions, allowing for faster and more cost-effective transactions compared to Ethereum.
With strong growth potential and unique features, Pepe Unchained is predicted to reach the 50 million USD mark before the end of the presale phase. If you are looking for an exciting investment opportunity, this could be the ideal time to participate.
South Korea confirms North Korean hacker as the perpetrator of the Upbit exchange attack in 2019, recovering 4.8 BTC after 4 years
South Korean police have officially confirmed that the notorious North Korean hacker group Lazarus is behind the attack on the cryptocurrency exchange Upbit in November 2019. This attack resulted in the theft of 342,000 ETH, equivalent to about 49 million USD at that time, and today this amount is estimated to reach 1.068 billion USD. On November 21, 2024, after 5 years of investigation, this information was announced, marking the first time the South Korean government officially acknowledged North Korea's involvement in a major cryptocurrency attack.
The police also stated that, during the investigation, approximately 57% of the stolen ETH was converted by the hackers into Bitcoin and dispersed across various exchanges to launder money. By October 2023, South Korean police had discovered 4.8 BTC (equivalent to about 466,000 USD) at an exchange in Switzerland and had recovered this amount for Upbit. However, there are still many other ETH assets being laundered or stored at unidentified exchanges, making recovery difficult.
Will Bitcoin reach $170,000 thanks to IBIT options activity?
In the current context, whether Bitcoin can reach the level of $170,000 due to IBIT options activity remains a complex question and depends on many factors. Recently, the launch of Bitcoin ETF options contracts has attracted strong interest from institutional investors. This not only comes with an increase in trading volume but also creates a more diverse investment environment for trading strategies.
Although there are many optimistic expectations from investors that Bitcoin could reach above $100,000, even up to $200,000 in the near future, that is merely a prediction and not guaranteed. Besides the factors from the options market, it's important to note that many macroeconomic factors and geopolitical security also strongly influence Bitcoin's price. Price volatility may increase in the upcoming period, especially with large-value options contracts set to expire.
In summary, while there may be supporting factors for the increase in Bitcoin's price, it cannot be definitively stated that Bitcoin will reach $170,000 solely due to IBIT options activity. Investors should closely monitor market fluctuations and the factors impacting the price.
Viral TikTok Memecoin Has Helped Traders Make Millions of USD
The memecoin market has seen many cases where traders have made millions of USD thanks to viral meme coins on TikTok. For instance, one trader turned 16 USD into 3 million USD in just two weeks thanks to Peanut the Squirrel (PNUT). This trader invested in PNUT when it was still unknown and then witnessed its value soar to billions of USD, partly influenced by support from famous individuals like Elon Musk.
Additionally, there are other cases such as an investor who turned 727 USD into 2.44 million USD in just five days thanks to Goatseus Maximus (GOAT). This investor applied an effective profit-taking strategy, generating a return of 3,176 times the initial capital.
These success stories show that the combination of timely investment in trending memecoins and capital management skills can yield enormous profits for traders in this volatile environment. However, it is also important to note the high level of risk that comes with these investments.
Essential Tips and Tools for Entering the Memecoin Market
When entering the memecoin market, there are a number of essential tips and tools to optimize your chances of success. First, you should define your investment style and choose a memecoin group that fits your acceptable risk level. You can participate in large-cap memecoin groups such as DOGE or SHIB, or smaller ones (low-cap) with high growth potential, but with greater risk.
Second, capital management is vital in memecoin investing. You should allocate your capital wisely and only invest the amount you can afford to lose.
In addition, it is important to keep track of new memecoin projects and trends. Using tools like CoinmarketCap to see Top Trending and trading volume can help you grasp when the best time to buy is.
Finally, it is necessary to check the smart contract conditions, such as ensuring the project does not have unhealthy features like honeypots or blacklists. Platforms like Dextools and Etherscan can provide detailed information about the tokens you are looking at.
Ethereum will outperform Bitcoin and the price of ETH could rise to $10,000
Ethereum has the potential to outperform Bitcoin in the near future, especially with the prediction that the price of ETH could reach $10,000 by 2024. Key factors driving this potential include the ongoing improvement of the Ethereum network technology and the growing importance of DeFi (decentralized finance) and NFT (non-fungible tokens). Upcoming upgrades like EIP-4844 (Proto-Danksharding) are expected to significantly enhance network performance and transaction costs, thereby increasing the acceptance of ETH within the community.
Ethereum's historical performance shows robust growth, with a price increase rate of 90% year-to-date, along with a 271% return over the past three years. Compared to Bitcoin, Ethereum's potential for high gains indicates it is becoming a more attractive option for investors. Additionally, the increased adoption of Ethereum in enterprise applications and trading platforms also positively contributes to the price forecast.
However, investors should also be aware that the cryptocurrency market is highly volatile and any obstacles in the upgrade deployment process or regulatory changes could impact the value of ETH.
The Malaysian Ministry of Communications proposes to legalize digital currency
The Malaysian Ministry of Communications and Multimedia recently proposed to legalize several digital currencies, including Bitcoin, in the hope of supporting the increasingly active youth participation in this industry. Deputy Minister Zahidi Zainul Abidin emphasized that this will help promote youth engagement and create opportunities for them to develop in the digital currency field, particularly in transactions related to non-fungible tokens (NFTs).
However, this draft also faced opposition from the Malaysian Minister of Finance, Tengku Zafrul Aziz, who asserted that payments using cryptocurrencies such as Bitcoin and Ether remain illegal in the country due to their speculative nature and high price volatility. Currently, Malaysia has not officially recognized Bitcoin as legal tender but is seeking to research and develop its own digital currency from the Central Bank. The debate over the legalization of digital currency in Malaysia continues, especially when compared to El Salvador, the first country in the world to recognize Bitcoin as official currency.
Is DOGE the new national reserve currency of the United States replacing Bitcoin?
Dogecoin (DOGE) is attracting attention as a cryptocurrency, but its potential to become the national reserve currency of the United States remains uncertain. In the context of Donald Trump recently announcing the establishment of the "Department of Government Efficiency" (DOGE), there are reports that Billy Markus, the founder of Dogecoin, has proposed the idea of a national reserve fund for Dogecoin. However, this reflects more on the cultural and financial aspects of cryptocurrency rather than a practical plan.
While Bitcoin has established a strong position as a global reserve asset, Dogecoin, which originated from an internet joke, still lacks the necessary reliability to be considered a serious store of value. Both currencies have seen significant price growth recently, thanks to statements and moves from Trump and Elon Musk, but the differences between them remain stark.
Therefore, there is no solid basis for Dogecoin to replace Bitcoin as a national reserve currency in the near future.
Bitcoin ETFs purchased an additional $1.6 billion in the last 2 days, BTC price hits ATH of $97,600
The price of Bitcoin recently reached an all-time high (ATH) of around $97,600, thanks to strong buying pressure from Bitcoin ETFs, including an investment of up to $1.6 billion in the past two days. Demand from ETFs such as BlackRock's IBIT, Fidelity's FBTC, and ARK Invest's ARKB has significantly increased, causing the BTC price to continue its strong growth. This was noted after ETFs in the US were allowed to trade options starting on November 19, creating new momentum for Bitcoin's value.
Moreover, the derivatives market also saw a substantial increase, with the IBIT fund reaching $1.9 billion in options trading volume on its first trading day, with call options outnumbering put options by a ratio of 4.4 to 1. This indicates investors' optimism about Bitcoin's growth potential in the near future.
With these factors, it is very likely that Bitcoin will continue to be driven to new highs, but reaching $170,000 still depends on many other external factors such as macroeconomic conditions and political factors.
Two American pharmaceutical companies have recently decided to allocate a total of 1 million dollars into Bitcoin, reflecting a notable trend in the pharmaceutical industry. This investment indicates a movement of large businesses away from traditional assets and towards digital assets, such as Bitcoin, in order to diversify their portfolios and take advantage of the growth potential of cryptocurrency.
These companies may see Bitcoin not only as an attractive investment asset but also as a means to protect value amid rising inflation and an unstable economic situation. The growing interest of large institutions in cryptocurrency products could play a significant role in driving up Bitcoin prices and investor confidence in this field.
For more detailed and specific information about these companies as well as the pharmaceutical industry's moves towards Bitcoin, you may refer to recent financial newsletters and pharmaceutical industry reports.
South Africa, citizens can use Bitcoin or Ethereum to purchase real estate
In South Africa, the legalization of cryptocurrencies like Bitcoin and Ethereum is under consideration, and citizens can use them to buy real estate. However, this legality is still in development and there are no official specific regulations for the acceptance of cryptocurrencies in real estate transactions. The South African Reserve Bank has established a legal framework for cryptocurrencies, however, cryptocurrencies are still not considered legal tender but rather classified as assets.
Several cryptocurrency exchanges operating in South Africa, such as Luno, have begun to provide trading services for users and plan to expand their presence in this market. This opens up opportunities for the use of Bitcoin and Ethereum in asset transactions, including real estate, allowing consumers to make payments more flexibly.
Nonetheless, citizens and investors should exercise caution and ensure they thoroughly understand the legal and regulatory aspects before conducting transactions with cryptocurrencies in the real estate market.