Pump.fun, the platform for creating meme coins on Solana, has temporarily suspended the livestream feature indefinitely to improve the moderation system. 🚫
- This decision was made after the livestream feature was exploited for shocking behaviors, including suicide threats and violence. - Pump.fun is committed to enhancing user safety by expanding the moderation team and improving the content control system. - The platform will publicly disclose the usage regulations and provide clearer information about moderation decisions to ensure transparency. 🌐
Pump.fun hopes to grow stronger after these challenges.
Ripple has partnered with Archax, the FCA-regulated digital asset exchange in the UK, to launch a cryptocurrency money market fund on the XRP Ledger (XRPL). This fund, managed by the UK asset management company abrdn, is part of the £3.8 billion US Dollar Liquidity Fund.
This is the first time a cryptocurrency money market fund has been deployed on the XRPL blockchain. 🌐
Ripple expects to tap into the financial potential of cryptocurrency, with forecasts predicting the value of cryptocurrency assets to reach $16 trillion by 2030. The company has invested $5 million in tokens linked to the abrdn Lux fund to promote the adoption of blockchain technology in organizations. 📈
- The altcoin market is witnessing strong growth as the Total3 index, which represents the market capitalization of cryptocurrencies excluding Bitcoin and Ethereum, has reached its highest level in three years. This signals the potential beginning of an altcoin season.
- According to a report from Bitfinex, many altcoins have reached new cycle peaks, with Solana (SOL) hitting an all-time high. However, caution is needed for potential minor corrections that may occur.
- Meanwhile, Bitcoin is struggling to maintain levels above $93,000, and a significant correction could have a strong impact on altcoins.
Justin Sun, the founder of Tron, has just become the largest investor in World Liberty Financial, Donald Trump's cryptocurrency project, with an investment of 30 million USD. 🌟
Sun announced on X that he is very excited to invest in this project, emphasizing that the U.S. is becoming a blockchain hub and Bitcoin owes part of it to Trump. World Liberty Financial, launched in September, aims to make financial services more accessible by eliminating intermediaries.
Although Trump supports it, he and his family are not involved in the management of the project. World Liberty Financial affirms that the project is not politically affiliated.
**CZ and the Community Calls for More Useful Blockchain Applications**
- In the context of the meme coin boom, Changpeng Zhao (CZ), the founder of Binance, has spoken out calling for the development of more useful blockchain applications. CZ believes that meme coins are becoming "strange" but that does not mean he hates them. 🤔
- Many community members agree with CZ, stating that meme coins have shifted from amusing to quirky. However, with support from celebrities like Elon Musk, ending the meme coin frenzy is not an easy task.
- CZ emphasizes that he does not want to eliminate meme coins but encourages the building of more practical applications, while reminding everyone that each person has the right to their investment choices.
Famous Bitcoin critic, Peter Schiff, has criticized the U.S. becoming a Bitcoin superpower, arguing that this will weaken the national economy. On social media X, Schiff stated that Trump's support for cryptocurrency has led Wall Street to misallocate capital into Bitcoin and related projects.
- Schiff warns that investing in Bitcoin is not a store of value, but a bet on price increases due to FOMO. - The cryptocurrency community has reacted strongly, criticizing his views as outdated and ignorant. - He also expressed concern that the government's Bitcoin reserves could lead to hyperinflation and weaken the dollar.
Bitcoin has experienced the largest correction since the bullish trend triggered by Trump began three weeks ago, dropping from nearly $100,000 on Friday to below $92,000 today.
- Although this correction may cause new investors to worry about BTC's volatility, large "whales" and "sharks" in the market continue to accumulate.
- Data from Santiment shows that large investors added over $6 billion in BTC in November, indicating long-term optimism 🌟.
- Analysts are speculating whether the downward trend has ended, but many indicators suggest that the bullish trend may still continue 📈.
Bitcoin has surged after Donald Trump won the US presidential election, surpassing $99,800. 📈
- This impressive price increase is mainly due to institutions in the US, as evidenced by large inflows into spot Bitcoin ETFs. - However, the participation of retail investors is still not clear. The Korea Premium Index indicates that their involvement has not contributed much to the current price surge. - Data from Google Trends also reflects that retail investor interest has not yet peaked like in previous price increases.
Could the participation of retail investors push Bitcoin to $100,000? 🤔
Fireblocks, a digital asset platform, just announced the integration of Google Cloud’s Confidential Space to enhance security for customer assets. 🚀
- Utilizing Multi-Party Computation (MPC) technology, Fireblocks splits private keys between its infrastructure and the customer’s system, minimizing the risk of unauthorized access.
- CEO Michael Shaulov emphasized that this partnership enables customers to conduct digital asset activities in a secure environment and expands cloud security capabilities.
- Fireblocks has attracted many major banks and is expanding its key management technology across leading cloud platforms. 🌐
Binance, the largest cryptocurrency exchange in the world, has just launched the controversial BFUSD collateral asset. BFUSD provides an opportunity for future traders to earn up to 38% passive income when holding this token.
- From 02:00 UTC on 27/11, users can purchase BFUSD. Binance will hold a promotional campaign from 27/11 to 26/12, with zero trading fees and sharing 100,000 USDT in annual yield.
- BFUSD has a base APY of 29.18% and an enhanced APY of 38.98%. Users can buy and redeem BFUSD with USDT at a 1:1 ratio.
- Although Binance asserts that BFUSD is not a stablecoin, some people remain concerned about its reliability, comparing it to the previously collapsed TerraUSD.
Famous model Bri Teresi just revealed she is a member of the "XRP army," joining stars like Ashton Kutcher, Madonna, and Snoop Dogg in supporting Ripple's token. With over 5.4 million active XRP wallets, this community is growing stronger. Teresi stated that she has held XRP for a long time but recently spoke out due to developments in the Ripple v. SEC case. She emphasized the importance of transparency and accountability, while dismissing the view that XRP is a "scam coin." The departure of SEC Chairman Gary Gensler in January 2024 has sparked new hope for the cryptocurrency community. 🌟
Cardano (ADA) is attracting attention as the price surged last month, reaching a peak of $1.12 on November 23, the highest in over two years. Although the price has currently dropped to around $0.88 due to market corrections, many analysts remain optimistic about ADA's growth potential. 📈
The number of daily active addresses has reached a 17-month high, indicating increased interaction on the Cardano network. This could be a sign of a new price rally.
Experts predict that ADA may surpass $1.20 and even reach an all-time high of $5 in this cycle. 🌟
WisdomTree filed a registration statement in Delaware on November 25, moving closer to launching an XRP ETF. 📝
- This is the first step in seeking approval from the U.S. Securities and Exchange Commission (SEC). WisdomTree needs to file an S-1 to begin the formal review process.
- The company joins Bitwise, Canary Capital, and 21Shares in the race to launch an XRP ETF in the U.S. WisdomTree has experience with ETFs based on cryptocurrencies like Bitcoin and Ethereum.
- However, regulatory challenges remain. Analyst James Seyffart warns that altcoin ETFs like XRP could face hurdles due to a lack of regulatory clarity. ⏳
- Changes in SEC leadership could impact the pace of future approvals.
PiBridge announces maintenance of the Pi withdrawal gateway, temporarily halting services on November 26 to enhance user experience. The team is committed to completing it quickly and has announced the completion of maintenance, allowing users to continue withdrawing and using features as usual. 🌐
Pi Network, a controversial project aimed at mining cryptocurrency through smartphones, continues to attract attention. The team emphasizes the need to complete steps beyond KYC to move to the mainnet, encouraging users to finish within the grace period to avoid losing access to tokens. 🚀
The community is awaiting further information about the mainnet roadmap opening in December.
The cryptocurrency market has decreased by 3.6% over the day, with the overall market capitalization dropping to $3.41 trillion. The main reason is Bitcoin adjusting by 7%, falling below $93,000 on Tuesday morning in Asia.
However, altcoins remain strong. Santiment has highlighted three prominent cryptocurrency assets recently: The Sandbox (SAND), Stellar Lumens (XLM), and Ethereum (ETH).
- SAND surged due to investment in the metaverse, peaking at $0.80 before dropping to $0.66. - XLM increased by 330%, reaching $0.588, thanks to interest from South Korean investors. - ETH rose by over 9%, maintaining at $3,430, with expectations of outperforming other major coins.
🌟 Altseason may be approaching as Bitcoin decreases its dominance.
The price of Bitcoin failed to reach the $100,000 mark and then dropped sharply, causing this asset to lose more than six thousand dollars in just a few hours.
- **BTC Correction**: After a strong surge since Trump's election victory, BTC peaked at $99,800 but could not surpass the six-figure threshold. The price dropped below $93,000, with market capitalization falling below $1.840 trillion.
- **Altcoins Also Decline**: Except for ETH and TON, altcoins like SOL, DOGE, ADA, and DOT have dropped by up to 13%. The total cryptocurrency market capitalization decreased by $200 billion, falling below $3.340 trillion.
🔍 Despite the correction, many analysts remain optimistic about the long-term growth cycle of the market. 📈
Cardano (ADA) has fallen below $1 after reaching its highest peak in over two years over the weekend. However, the development of the blockchain network behind ADA suggests that the price surge may not be over. 🚀
The number of daily active addresses has significantly increased, reaching its highest level since June 2023, according to data from IntoTheBlock. This often leads to an increase in the value of the underlying asset. 📈
Could this be a sign of a bigger boom for ADA in the near future? Let's keep an eye on it!
Bitcoin has undergone a spectacular price surge, rising from below $70,000 to nearly $100,000 after the US election. However, BTC was rejected at $99,000 and has dropped more than $6,000 in the past few hours.
- Analysts from CryptoQuant warn of a potential price correction as short-term investors (STH) take profits when prices increase by 40-50% compared to the dollar. - The Fear and Greed Index indicates that the market is at a 'greed' level, often signaling a local peak.
Despite the potential for short-term price declines, on-chain indicators such as MVRV, NUPL, and Puell Multiple still show that the bull market remains active. 🐂
Meanwhile, 'whales' continue to buy BTC, with 5 new wallets withdrawing 886 BTC from Binance. MicroStrategy has also purchased nearly $5.5 billion worth of BTC. 🚀
Bitcoin price fell to a six-day low of $92,775 on Tuesday morning in Asia, down nearly 7% from the all-time high of $99,845 on November 22. However, Bitcoin has slightly recovered to nearly $95,000 on November 26 and is still up nearly 40% this month. 📈
Michael Saylor of MicroStrategy just bought an additional 55,500 BTC worth approximately $5.4 billion on November 25, but the price has not increased. Analysts suggest that long-term holders are taking profits, leading to a natural price correction.
Meanwhile, Ethereum rose 3% to $3,450, and altcoins such as XRP, AVAX, UNI, and ICP continue their growth trend. 🌐 The total market capitalization has decreased to $3.4 trillion due to Bitcoin's dominance.
A cryptocurrency investor lost over 3 million USD worth of PYTH tokens due to mistakenly transferring them to a scammer's wallet.
- The incident occurred when the victim copied and used a fake deposit address from the transaction history. - The scammer created an address with the first four characters identical to the victim's wallet and sent 0.000001 SOL to appear in their transaction history. - Without checking carefully, the victim transferred 7 million PYTH tokens worth about 3.08 million USD to the scammer's wallet.
Security experts refer to this as "address poisoning," a tactic that exploits the habit of copying addresses from transaction history. 🛡️
- Scam Sniffer has warned about a similar case where a user lost 129 million USD due to copying the wrong address.