Noticias

According to Odaily, fitness equipment manufacturer Interactive Strength has announced that its board of directors has approved the allocation of up to $5 million for purchasing Bitcoin. This amount is capped at 25% of the company's average daily cash holdings over the past three months. Previously, the company had expressed its intention to adopt Bitcoin as a reserve asset, citing the cryptocurrency's 'anti-inflationary characteristics' as a potential reliable asset with value storage capabilities. Interactive Strength's CEO, Trent Ward, stated that this move aligns with the company's strategy, as Bitcoin continues to gain attention and recognition from investors as a major asset class. In addition to investing in Bitcoin, Interactive Strength plans to accept cryptocurrency payments, allowing customers to purchase its fitness products using digital currencies. These payments will also be retained in Bitcoin, mirroring the allocation strategy of the company's treasury reserves. Following this announcement, Interactive Strength's stock price surged by 11.4%.

According to Odaily, Bitwise CEO Hunter Horsley recently shared a summary of the company's activities over the past eight business days. On November 12, Bitwise launched the world's first Aptos ETP, APTB, aimed at European investors. The following day, November 13, the company announced the acquisition of institutional staking provider AttestantIO and introduced Bitwise Onchain Solutions, boasting a staking volume of 4 billion ETH. On November 14, Bitwise submitted an application to the New York Stock Exchange to list BITW as an ETP. By November 19, the Bitwise Aptos Staking ETP (APTB) began trading in Switzerland, with assets under management surpassing $25 million. On November 20, ETF options commenced trading on the Bitwise Bitcoin ETF BITB. Additionally, on November 21, CBOE filed a 19b-4 document for the Bitwise Solana ETF. During this period, Bitwise engaged in numerous calls, meetings, and webinars with over 100 clients and investment professionals. Horsley expressed gratitude to Bitwise's 95 employees for their relentless efforts in opening up opportunities for investors in this asset class. He also conveyed enthusiasm for contributing to the industry's growth, with more announcements expected soon.

According to Odaily, the RWA market has experienced a substantial increase in market capitalization over the last 30 days, with a growth rate of 77.24%. This notable rise has positioned 0xPolygon as the third-largest entity within the RWA sector. The rapid expansion highlights the growing interest and investment in the RWA market, reflecting its potential for further development and influence in the broader financial landscape. As the market continues to evolve, stakeholders are closely monitoring these trends to assess future opportunities and challenges.

22 November 2024Macro/TradFiSenator Cynthia Lummis advocates for the U.S. Treasury to convert some gold holdings into Bitcoin to create a strategic reserve.BlackRock backs creating a US Strategic Bitcoin Reserve as states and the Trump administration push to institutionalize the digital asset.Russia approves 15% tax on crypto mining and transactions, equating digital currencies to property and imposing new financial obligations on miners and traders.SEC Chair Gary Gensler will step down on January 20; Teresa Goody Guillén, BakerHostetler partner and blockchain co-lead, is eyed as successor.MicroStrategy completed a $3 billion offering of 0% convertible senior notes due December 2029, aiming to use the proceeds to buy more Bitcoin.Bitwise filed for a Solana (SOL) ETF as the asset nears a new all-time high.WisdomTree launched its latest cryptocurrency ETP, the WisdomTree Physical XRP (XRPW), now listed on exchanges in Paris and Amsterdam.CryptoL1/L2:StarkWare CEO predicts Starknet's transaction speed to quadruple and fees to drop 5x within three months, positioning it to compete with Solana.On Nov. 21, Sui, a decentralized layer-1 blockchain, faced a major outage, stopping block production for over an hour.DeFi:As announced on Wintermute's governance forum, the Ethena Foundation approved Wintermute’s proposal to share DeFi protocol revenues with token-holders.California court rules Lido DAO as a general partnership, making members legally liable for its actions.Securitize and Elixir to launch a liquid staking token (LST) for tokenized securities, including BlackRock’s on-chain money fund, BUIDL.Others:Monkey Tilt, blending casino fun with social and lifestyle perks, announced $30M in Series A funding led by Pantera Capital.FTX and its affiliates aim to implement their Chapter 11 Reorganization Plan by Jan. 2025, setting distributions for creditors and customers.Latest Binance Research Publications Check out our latest publications:Exploring the Future of AI Agents in Crypto Monthly Market Insights - November 2024Understanding the Rise of MemecoinsExplore our Binance Research website for more project and macro research.For more frequent market updates and insights, follow us on Twitter @BinanceResearch.That’s a wrap!Binance ResearchAbout Binance Research: Binance Research is the research arm of Binance, the world's leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes.General Disclosure: This material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities, cryptocurrencies or to adopt any investment strategy. The use of terminology and the views expressed are intended to promote understanding and the responsible development of the sector and should not be interpreted as definitive legal views or those of Binance. The opinions expressed are as of the date shown above and are the opinions of the writer, they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Binance. This material may contain ’ forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, cryptocurrencies or any investment strategy nor shall any securities or cryptocurrency be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Investment involves risks.

According to Odaily, CryptoQuant CEO Ki Young Ju recently shared insights on the X platform, indicating that Bitcoin is still in the early stages of price discovery in the current bull market. Ju's analysis draws parallels with the progress observed during the bull markets of 2017 and 2020, suggesting that the cryptocurrency's current trajectory aligns with these past trends. Ju's comments highlight the ongoing developments in the Bitcoin market, emphasizing the potential for further growth as the bull market progresses. This perspective is particularly relevant for investors and analysts who are closely monitoring Bitcoin's performance and its implications for the broader cryptocurrency landscape. The comparison to previous bull markets provides a framework for understanding the current market dynamics and potential future movements. As Bitcoin continues to navigate this phase, stakeholders are keenly observing market indicators and trends to gauge the cryptocurrency's future direction. Ju's insights contribute to the broader discourse on Bitcoin's market behavior, offering a perspective that underscores the significance of historical patterns in predicting future outcomes. This analysis is crucial for those looking to make informed decisions in the ever-evolving cryptocurrency market.

According to PANews, recent data from SoSoValue reveals that Ethereum spot ETFs experienced a net outflow of $9.0492 million on November 21, marking the sixth consecutive day of outflows. As of the latest report, the total net asset value of Ethereum spot ETFs stands at $9.774 billion, representing 2.42% of Ethereum's total market capitalization. The historical cumulative net inflow is recorded at $15.587 million.In terms of specific ETF performance, Grayscale's ETHE saw a net outflow of $27.0753 million yesterday, contributing to a historical total net outflow of $3.32 billion. Meanwhile, Grayscale's Ethereum Mini Trust ETF ETH experienced a net outflow of $4.1094 million, though it maintains a historical cumulative net inflow of $368 million. On the other hand, Fidelity's FETH showed a strong performance with a net inflow of $16.79 million yesterday, bringing its cumulative net inflow to $699 million. Bitwise's ETHW also reported a net inflow of $2.8883 million, with a historical cumulative net inflow of $376 million.

According to Foresight News, the U.S. Department of Justice has announced the seizure of the cybercrime marketplace Popeyetools and the indictment of its administrators, Abdul Ghaffar, Abdul Sami, and Javed Mirza. Nicole M. Argentieri, the Principal Deputy Assistant Attorney General of the Justice Department's Criminal Division, stated that the accused individuals allegedly created and operated an online marketplace for a prolonged period, facilitating the sale of illegal goods and services used in cybercrimes, including ransomware attacks and financial fraud.The announcement highlights the Justice Department's actions in dismantling the PopeyeTools domain, filing criminal charges against its operators, and seizing cryptocurrency assets. If convicted, the defendants face a maximum sentence of 10 years imprisonment for each charge. This development underscores the ongoing efforts by law enforcement agencies to combat cybercrime and hold accountable those who exploit digital platforms for illegal activities. The case serves as a reminder of the significant legal consequences associated with operating or participating in cybercriminal enterprises.

According to PANews, a recent survey by the Private Wealth Management Association (PWMA) in Hong Kong reveals that most private wealth management firms are adopting a cautious stance towards virtual assets. Despite this cautious approach, the survey highlights a significant increase in cryptocurrency trading volumes in Hong Kong over recent years. This growth, coupled with the gradual improvement of regulatory frameworks, is influencing the outlook of wealth management institutions.The survey indicates that approximately one-third of these firms anticipate allocating between 6% to 10% of their portfolios to virtual assets within the next five years. This shift reflects a growing recognition of the potential opportunities presented by digital currencies, despite the prevailing cautious sentiment. The evolving regulatory landscape in Hong Kong is seen as a critical factor in shaping the future strategies of wealth managers regarding virtual assets.As the regulatory environment continues to develop, wealth management companies are likely to reassess their positions on virtual assets. The anticipated increase in allocation suggests a gradual acceptance and integration of digital currencies into traditional investment portfolios. This trend underscores the dynamic nature of the financial landscape in Hong Kong and the potential for virtual assets to play a more prominent role in wealth management strategies in the coming years.

On Nov 22, 2024, 04:26 AM (UTC), according to Binance Market Data, Ethereum (ETH) crossed the 3,400 USDT benchmark and is now trading at 3,404.320068 USDT.

According to BlockBeats, recent data from Coinglass indicates that if Bitcoin surpasses the $100,000 mark, the cumulative liquidation intensity of short positions on major centralized exchanges (CEX) could reach $1.381 billion. Conversely, if Bitcoin falls below $97,000, the cumulative liquidation intensity of long positions on these exchanges could amount to $1.028 billion.BlockBeats notes that the liquidation chart does not precisely display the number of contracts pending liquidation or the exact value of contracts being liquidated. Instead, the bars on the chart represent the relative importance of each liquidation cluster compared to nearby clusters, referred to as intensity. Therefore, the chart illustrates the potential impact on the market when the asset price reaches a certain level. A higher 'liquidation bar' suggests that once the price hits that level, there will be a more intense reaction due to a wave of liquidity.

According to BlockBeats, recent data from Bloomberg Terminal, cited by Trader T, indicates that since November 18, the leading debt holders of MicroStrategy are Vanguard Group and BlackRock. This development highlights the significant investment interest these major financial institutions have in MicroStrategy's debt instruments.MicroStrategy, known for its substantial Bitcoin holdings, has attracted the attention of various investors due to its strategic financial manoeuvres and cryptocurrency investments. The involvement of Vanguard Group and BlackRock, two of the world's largest asset management firms, underscores the confidence these entities have in MicroStrategy's financial strategies and growth potential.This information comes amid ongoing discussions about the role of institutional investors in the cryptocurrency market. The participation of such prominent firms in MicroStrategy's debt structure may influence market perceptions and investor sentiment regarding the company's prospects and its impact on the broader financial landscape.

According to Foresight News, the malicious software known as Meeten, which targets attendees of cryptocurrency conferences, has been rebranded as Meetio. This change poses a significant risk to users, as downloading and using the software can lead to data breaches and financial losses.The rebranding of Meeten to Meetio is a strategic move by cybercriminals to continue their phishing activities under a new guise. Users are urged to exercise caution and remain vigilant against such threats. The software is designed to deceive individuals into downloading it, often through seemingly legitimate interactions or partnerships. Once installed, it can access sensitive information, leading to potential data leaks and the loss of digital assets.Foresight News advises those involved in the cryptocurrency industry to be particularly cautious and to implement robust security measures to protect against such threats. It is crucial for users to verify the authenticity of any software before downloading and to be wary of unsolicited requests or offers that may be phishing attempts. By staying informed and cautious, individuals can safeguard their data and assets from malicious actors.

According to PANews, recent data shared by X user Rocelo Lopes reveals that the daily trading volume of USDT is nearly double that of Bitcoin and four times that of Ethereum. This information was highlighted when Tether's CEO, Paolo Ardoino, retweeted the post, drawing attention to the significant trading activity of USDT in comparison to other major cryptocurrencies.

According to Foresight News, former U.S. Federal Reserve Governor Kevin Warsh is being considered by Donald Trump for the position of Treasury Secretary. This potential appointment comes as the current Federal Reserve Chair Jerome Powell's term is set to conclude in 2026, after which Warsh might also be nominated for the role of Federal Reserve Chair.In related news, Kevin Warsh has been involved in significant financial ventures, including a notable blockchain startup. In April 2018, the blockchain project Basis successfully raised $133 million in funding. This investment round saw participation from prominent entities such as Google Ventures, Bain Capital, Andreessen Horowitz (a16z), Lightspeed Venture Partners, as well as individual investors like Kevin Warsh and Stanley Druckenmiller. This highlights Warsh's active engagement in both traditional finance and emerging financial technologies.

According to PANews, President-elect Donald Trump is contemplating significant appointments for his administration's economic team. Reports from The Wall Street Journal indicate that Trump is considering Scott Bessent to head the National Economic Council. Bessent, known for his extensive experience in financial markets, is seen as a potential leader who could influence economic policy during Trump's presidency. In addition to Bessent's potential appointment, sources familiar with the matter have revealed that Trump is also considering Kevin Warsh for the position of Treasury Secretary. Warsh, a financier with a background in economic policy, is being evaluated for his ability to manage the nation's finances and economic strategy. Furthermore, there is speculation that Trump might nominate Warsh to succeed Jerome Powell as the Federal Reserve Chair when Powell's term concludes in 2026. These potential appointments reflect Trump's focus on assembling a team capable of navigating complex economic challenges and implementing his administration's economic agenda.

On Nov 22, 2024, 03:16 AM (UTC), according to Binance Market Data, Bitcoin (BTC) crossed the 99,000 USDT benchmark and is now trading at 99,000 USDT, with a narrowed 4.29% increase in 24 hours.

On Nov 22, 2024, 03:15 AM (UTC), according to Binance Market Data, SOL achieved a new all-time high, trading at 261.27 USDT. The 24-hour increase of 11.45%

According to Cointelegraph, the future of the Blockchain Innovation Hub at RMIT University in Australia is uncertain amid a significant rally in the cryptocurrency market. Professor Ellie Rennie, a member of the hub, initially claimed on social media platform X that the research center had been "shut down" by the university without a clear explanation. However, her husband, Professor Jason Potts, who co-directs the hub, clarified that the situation is still under discussion and no final decision has been made regarding its closure.The hub, established in 2017, is currently undergoing a consultation process with staff, which is expected to last a week. During this period, Potts is tasked with presenting a viable financial plan to ensure the hub's sustainability. Sources familiar with the matter indicated that the hub has struggled to produce high-quality research necessary to secure sufficient funding for self-sustainability. This development comes at a time when cryptocurrencies, particularly Bitcoin, have gained renewed attention, with Bitcoin's value surging by 45% following Donald Trump's election victory and his promise to reform crypto regulations in the United States.An anonymous source revealed that Potts and co-founder Professor Chris Berg have consistently described the hub as an "experiment." Potts emphasized the hub's goal of creating "a new type of business school" where academics are encouraged to engage with the industry and adopt an entrepreneurial approach. The source noted that publishing in top-tier journals, which is crucial for a university's reputation and research funding, was considered a secondary priority. The university reportedly aimed to quickly establish a reputation in the blockchain sector to attract students and enhance industry relevance, which did not align with traditional academic procedures.The decision on the hub's future ultimately rests with RMIT's Deputy Vice-Chancellor of Business, Professor Colin Picker. The hub's unique approach, which prioritized industry engagement over conventional academic timelines and practices, has been a point of contention. The outcome of the ongoing discussions will determine whether the hub can continue its operations or face closure.

According to BlockBeats, the cryptocurrency Fear and Greed Index has surged to 94 on November 22, a significant increase from the previous day's score of 82. This marks the eleventh consecutive day that the market has been classified under 'extreme greed.' The index, which ranges from 0 to 100, is a composite measure that evaluates market sentiment based on several factors. The Fear and Greed Index is calculated using a variety of indicators, each contributing a specific percentage to the overall score. Volatility and market trading volume each account for 25% of the index. Social media activity and market surveys contribute 15% each, while Bitcoin's dominance in the overall market and Google Trends analysis each make up 10% of the index. These components collectively provide insights into the prevailing mood of the cryptocurrency market, reflecting whether investors are driven by fear or greed. The current high level of the index suggests that investors are exhibiting a strong inclination towards greed, which can often precede market corrections. Such extreme sentiment levels are typically seen as a warning sign, indicating that the market may be overbought and could be due for a pullback. However, it is important to note that while the index provides a snapshot of market sentiment, it should not be used as the sole basis for investment decisions. Investors are advised to consider a range of factors and conduct thorough research before making any financial commitments in the volatile cryptocurrency market.

According to Odaily, the cryptocurrency market continues to experience a broad upward trend, with the PayFi sector leading the charge. Data from SoSoValue indicates that the PayFi sector saw a 24-hour increase of 21%. Notably, Ripple (XRP) surged by 25.75%, and Stellar (XLM) rose by 19.59%. The ssiPayFi index, which represents the historical performance of the PayFi sector, is currently priced at $21.2, showing a weekly increase of 44.44% and a monthly rise of 123.47%, topping the growth charts among sector indices. SoSoValue analysts attribute this positive momentum in the PayFi sector to the anticipated departure of SEC Chairman Gary Gensler, expected on January 20, 2025. This development is projected to bolster and sustain the upward trend in the PayFi sector over the long term. Additionally, other sectors are also showing notable gains, with the Layer 2 sector increasing by 11.68%, the DeFi sector by 7.29%, and the Layer 1 sector by 7.2%. These trends highlight the overall positive sentiment and growth potential within the cryptocurrency market.