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According to Foresight News, data from Alternative.me indicates that the cryptocurrency Fear and Greed Index has surged to 90 today, up from 83 yesterday. This increase suggests that the market remains in a state of 'extreme greed.' The Fear and Greed Index is a tool used to gauge the emotions and sentiments driving the cryptocurrency market. A higher index value typically reflects a market sentiment leaning towards greed, which can often precede market corrections or downturns. The current reading of 90 is significantly high, indicating that investors are displaying a strong appetite for risk, potentially driven by recent market trends or news. Market analysts often use such indices to predict potential market movements, as extreme greed can sometimes lead to overvaluation of assets. Investors are advised to exercise caution during such periods, as the market can be volatile and unpredictable. The rise in the index from 83 to 90 within a day underscores the rapid changes in market sentiment that can occur in the cryptocurrency space.

According to CoinShares Report: The digital asset market saw a surge in inflows last week, with total investments reaching $2.2 billion, bringing the year-to-date inflows to a record $33.5 billion. The strong market performance comes on the heels of the U.S. elections and looser monetary policy, signaling heightened institutional and retail interest in cryptocurrencies.Bitcoin Dominates Inflows Amid Record-High PricesBitcoin led the inflows with $1.48 billion, reflecting sustained investor confidence in the leading cryptocurrency. However, the recent all-time high in Bitcoin's price spurred some profit-taking, with $866 million in outflows during the latter half of the week.Interestingly, $49 million flowed into short Bitcoin investment products, signaling mixed sentiment among investors navigating the volatile market.Ethereum Rebounds with $646 Million InflowsEthereum broke out of its recent downturn with $646 million in inflows, representing 5% of its assets under management (AuM). Analysts attribute this rebound to the Beam Chain network upgrade proposal by Justin Drake and the broader optimism stemming from the U.S. elections.Other altcoins also posted gains, with Solana seeing inflows of $24 million.Regional Sentiment Reflects Mixed TrendsWhile the U.S. dominated with $2.2 billion in inflows, other regions like Hong Kong ($27 million), Australia ($18 million), and Canada ($13 million) also showed robust activity. However, Sweden and Germany witnessed profit-taking, with outflows of $58 million and $6.8 million, respectively.Assets Under Management Hit Record $138 BillionThe recent inflows propelled total assets under management (AuM) in digital asset investment products to a new peak of $138 billion. This milestone reflects growing confidence in cryptocurrencies, buoyed by looser monetary policies and political developments like the Republican party's clean sweep in the recent U.S. elections.Outlook for Digital AssetsThe combination of institutional adoption, favorable regulatory sentiment, and technological advancements is expected to sustain momentum in the digital asset market. Bitcoin's milestone, Ethereum's rebound, and increasing interest in altcoins like Solana suggest that the market is primed for continued growth heading into 2025.

According to CoinMarketCap data, The global crypto market cap is $3.06T, a 0.70% increase over the last day.Bitcoin (BTC) has traded between $88,722 and $92,300 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $92,104, up by 1.07%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include POND, SCRT, and HBAR, up by 70%, 57%, and 36%, respectively.Top stories of the day:Bitcoin Spot ETFs See Significant Inflows and OutflowsCathie Wood Predicts Significant Growth for BitcoinRipple's Potential IPO Considered Amid SEC Legal DevelopmentsWyoming Senator Proposes Bitcoin Strategic ReserveWeekly Token Unlocks: AVAX, ROSE, ADA, and More Set for Major Unlocks Worth Over $100M Next Week Morgan Stanley Raises S&P 500 Target to 6,500 by End of 2025Gold Prices Decline Sharply After Trump’s Election Victory, But Long-Term Prospects Remain Morgan Stanley Predicts 10-Year U.S. Treasury Yield to Drop to 3.75% by Mid-2025 Bitcoin's Correlation with U.S. Equities and Ether Hits Multi-Year LowsMemecoins Overtake Bitcoin in Global Search Interest, Sparking Retail FrenzyMarket movers:ETH: $3114.11 (-1.06%)SOL: $242.1 (+2.05%)BNB: $625.75 (-1.97%)XRP: $1.1446 (+5.59%)DOGE: $0.37479 (+1.60%)ADA: $0.7744 (+6.83%)TRX: $0.2041 (+3.39%)SHIB: $0.00002557 (+1.79%)AVAX: $35.54 (-2.52%)TON: $5.483 (-2.04%)Top gainers on Binance:POND/USDT (+70%)SCRT/USDT (+57%)HBAR/USDT (+36%)

According to Odaily, Matrixport has released a chart indicating that the strongest bullish signal currently comes from the seven-day stablecoin minting indicator. This metric measures the scale of fiat currency inflows into stablecoins over a rolling seven-day period. Compared to previous cycles, this indicator has nearly doubled, reflecting an unusually high demand for cryptocurrencies and a significant influx of new capital into the market.While prices may rise sharply with minimal selling pressure, the stablecoin minting indicator further suggests that a substantial amount of new funds is entering the market. Historical data shows that the first quarter typically experiences the strongest capital inflows, indicating that larger-scale fund allocations may take several weeks to materialize. This trend could further enhance the potential for sustained upward price movement.

According to Odaily, the city of Paju in Gyeonggi Province, South Korea, has announced plans to directly sell virtual assets belonging to individuals with outstanding local tax debts. A city government official stated that notifications have been sent to 17 individuals who collectively owe 124 million Korean won in local taxes. If these debts are not settled by the end of the month, the virtual assets will be seized.The city has identified and secured the virtual assets of these tax delinquents through cryptocurrency exchanges. Should the taxpayers fail to pay their dues by the specified deadline, the seized cryptocurrencies will be sold to recover the owed taxes. This marks the first instance of a local government in South Korea directly selling virtual assets to address tax arrears, setting a precedent for similar actions in the future.

According to PANews, over 3,000 residents from the Tehuacán and Puebla regions in Mexico have reportedly fallen victim to a cryptocurrency trading bot scam involving the company AMG GPT. The company had previously promised 'daily returns' and conducted numerous promotional events to attract investors. However, users recently reported being unable to withdraw their funds, and the company abruptly closed its four offices in the two regions.Victims have claimed that they were required to pay a 'verification fee' to withdraw their funds, followed by a demand to apply for an expensive 'Crypto-VISA' credit card. Initially, investors received returns, but these payments quickly ceased. Some victims reportedly invested as much as $1,000. AMG GPT later issued a statement attributing the withdrawal delays to 'shopping festival activities,' a justification that has only fueled further skepticism. Currently, around 100 individuals have filed formal complaints with the prosecutor's office, and the case is under further investigation.

According to Odaily, the Nigerian Securities and Exchange Commission (SEC) has introduced a draft of the '2024 Investment and Securities Bill' aimed at imposing stringent penalties on individuals convicted of Ponzi scheme crimes. The proposed legislation suggests a maximum fine of $12,000 (20 million Naira) or a 10-year prison sentence for offenders.This initiative is seen by some in the cryptocurrency community as a significant step towards curbing fraudulent activities that exploit the term 'cryptocurrency' to deceive investors. By targeting these malicious actors, the bill is expected to contribute to the purification of the industry, fostering a more secure environment for legitimate investments. The move underscores Nigeria's commitment to strengthening its financial regulatory framework and protecting investors from scams that have plagued the market.The proposed penalties reflect the Nigerian government's determination to deter financial crimes and enhance the integrity of its financial markets. As the country continues to embrace digital currencies and blockchain technology, the introduction of such measures is crucial in maintaining investor confidence and ensuring the sustainable growth of the sector. The bill's emphasis on severe repercussions for Ponzi scheme operators highlights the importance of safeguarding the interests of investors and promoting transparency within the financial ecosystem.

According to Odaily, Bank of Japan Governor Kazuo Ueda has indicated that the central bank may continue to raise policy interest rates if economic and price trends align with forecasts. The timing of any rate increase will be contingent upon the outlook for the economy, prices, and financial conditions. Ueda emphasized the importance of remaining vigilant to various risks, including developments in overseas markets.The Bank of Japan's approach reflects a cautious stance in response to evolving economic indicators. As global markets experience fluctuations, the central bank is closely monitoring both domestic and international factors that could influence its monetary policy decisions. Ueda's remarks suggest a readiness to adjust the level of monetary support as necessary, highlighting the bank's commitment to maintaining economic stability.This potential shift in policy comes amid a broader context of global economic uncertainty, where central banks worldwide are grappling with inflationary pressures and varying growth trajectories. The Bank of Japan's strategy will likely be influenced by a combination of domestic economic performance and external economic conditions, underscoring the interconnected nature of today's global economy.

According to BlockBeats, on November 18, Christian Catalini, co-founder and Chief Strategy Officer of Lightspark and founder of the MIT Cryptoeconomics Lab, shared his insights on the U.S. debt situation, the proposal for Bitcoin as a strategic reserve, and the calls for replacing Federal Reserve Chair Jerome Powell. Catalini, who was also a co-founder of the now-defunct Diem/Libra project, provided a comprehensive analysis of these issues.Catalini expressed that despite some misleading narratives in the market, the United States is not on the brink of a debt crisis. He emphasized that from a broader perspective, debt accumulation is a global phenomenon, particularly following the 2008 global financial crisis. While acknowledging that excessive debt is not ideal, he pointed out that it is a challenge that nearly every country must address in some form. Catalini warned that if Powell were to be removed in January, it could undermine the credibility of the Securities and Exchange Commission (SEC) and weaken the U.S. dollar, leading to doubts about the market's ability to manage debt.Furthermore, Catalini speculated on the potential future role of Bitcoin as a strategic reserve asset. He suggested that if Bitcoin were to be adopted in this capacity, it could signify "the end of the Federal Reserve's leadership in global monetary policy." This perspective highlights the evolving discussions around digital currencies and their potential impact on traditional financial systems. Catalini's comments reflect ongoing debates about the future of monetary policy and the role of cryptocurrencies in the global economy.

According to U.Today, Bitcoin Cash developer Jason Dreyzehner has announced the activation of a significant upgrade on the Bitcoin Cash mainnet, scheduled for May 2025. This upgrade, now live on chipnet at block 227,228, incorporates two Bitcoin Cash Improvement Proposals (CHIPs): the Targeted Virtual Machine Limits CHIP and the BigInt CHIP, aimed at enhancing the cryptocurrency's capabilities.The Targeted Virtual Machine Limits CHIP focus on optimizing Bitcoin Cash's denial-of-service defenses by extending compute capabilities for real contracts by over 100 times, while simultaneously reducing worst-case node compute utilization by 50%. This adjustment lowers overhead, simplifies contracts, streamlines contract audits, and bolsters overall security. The upgrade is designed to improve contract efficiency, making advanced use cases more feasible, such as post-quantum cryptography, stronger escrow and settlement strategies, zero-knowledge proofs, and homomorphic encryption. Additionally, it introduces new tooling and a cross-implementation benchmarking technique to consistently verify node performance.The BigInt CHIP, or High-Precision Arithmetic for Bitcoin Cash, significantly reduces contract lengths by over tenfold, making previously theoretical applications immediately practical. This includes advanced automated market-making and exchange protocols, decentralized stablecoins, collateralized loan protocols, cross-chain and sidechain bridges, zero-knowledge proofs, post-quantum cryptography, and homomorphic encryption. The upgrade leverages Bitcoin Cash's scalable architecture to provide superior math capabilities, surpassing those of Ethereum, with "bare metal" performance, more byte-efficient, and cost-effective transactions. These enhancements are now accessible to Bitcoin Cash contracts on "layer one," ensuring censorship resistance and cross-contract compatibility without increasing compute requirements, allowing fully archiving Bitcoin Cash nodes to operate on low-cost consumer hardware.Overall, these upgrades aim to enhance Bitcoin Cash's functionality and competitiveness in the cryptocurrency market. Following the announcement, the price of Bitcoin Cash (BCH) showed a modest increase, rising 5% in the last 24 hours to $442, marking the second consecutive day of gains since November 15.

According to U.Today, the Cardano network is on the brink of reaching a significant milestone, with transactions nearing the 100 million mark. Input Output Global (IOG), the developer behind Cardano, reports that the network has processed 99.07 million transactions so far. This achievement underscores the increasing adoption and activity within the Cardano ecosystem. Over the past seven years, Cardano has undergone substantial evolution, marked by continuous upgrades and the introduction of new features. The ecosystem boasts 10.5 million native tokens, 1,973 projects, 1.314 million delegated wallets, and 94,835 Plutus scripts, reflecting its ongoing growth and expansion.Cardano's journey has been characterized by key upgrades, with the most recent being the Chang hard fork, which introduces decentralized governance to the blockchain. These enhancements have not only improved the network's capabilities but have also attracted a diverse array of projects and users. The Cardano community is eagerly anticipating the 100 million transaction milestone, which would mark a historic moment in the network's history.In recent developments, Cardano's price has surged by over 15% in the past 24 hours, continuing the upward trend that began on November 5. This surge followed Cardano founder Charles Hoskinson's announcement of plans to influence U.S. crypto policy, fueling speculative interest in the cryptocurrency. Cardano's price reached a high of $0.784, a level not seen since March 2024, and remains 75% higher every week.Additionally, Charles Hoskinson recently visited the SpaceX team, although he did not disclose specific details of the visit due to a non-disclosure agreement. He indicated that discussions are ongoing and promised to share more information when possible. This visit adds an intriguing dimension to Cardano's ongoing developments and future prospects.

According to U.Today, the Shiba Inu team, represented by its marketing lead known as Lucie, has issued a warning to the SHIB community about the prevalence of crypto scams. This announcement comes as the SHIB token experienced a 12.5% increase in value over the past day. Lucie cautioned the community about scammers who disguise themselves as legitimate players in the crypto space, manipulating truths and exerting emotional pressure on investors. These scammers often create a sense of urgency, making investors feel they are missing out on significant opportunities, only to promote fraudulent schemes and pump-and-dump tactics. Lucie advised the Shiba Inu community to remain vigilant and avoid falling for false promises or dubious projects. She emphasized that while the desire to earn money is natural, true wealth is achieved through patience and holding investments, rather than succumbing to fear of missing out (FOMO).In a related development, another account linked to the SHIB team, @susbarium, highlighted an adoption test designed to distinguish between cryptocurrency projects that offer genuine value and those that merely deplete liquidity. The post explained that projects adding value contribute to real crypto adoption by building liquidity and creating sustainable ecosystems, thereby empowering users with solutions that benefit the broader community. These projects foster long-term growth and strengthen their ecosystems. Conversely, projects that drain liquidity tend to exploit hype, extracting funds without providing tangible benefits, and often vanish, leaving their ecosystems weaker.The tweet from @susbarium also warned about meme coins, which, while capable of fostering engagement and community spirit, can attract opportunists who contribute little value. It stressed the importance of balancing fun with real utility and urged users to carefully evaluate projects by asking whether they add value or merely consume resources. This message underscores the need for investors to exercise caution and discernment in the rapidly evolving crypto landscape.

According to Finbold, altcoins experienced a significant surge last week, following Bitcoin's lead in what some analysts are describing as a major crypto bull run. However, a cryptocurrency trading expert has advised caution, suggesting that all cryptocurrencies might soon experience a downturn before potentially rising again. Over the past week, US-based altcoin projects such as Ripple's XRP, IOHK's Cardano (ADA), and Algorand's (ALGO) have gained attention. XRP, for instance, increased by over 83% in a week, surpassing the $1 mark and aiming for $8. Despite this, CrypNuevo, a cryptocurrency analyst, predicts that this bullish rally could encounter resistance, leading to a "shallow pullback" in the coming days. This projection was shared on November 14, with a focus on Bitcoin's psychological levels and TradingView's Bitcoin Dominance Index (BTC.D). Additionally, the S&P 500's 6,000 psychological level might also influence this scenario, potentially leading to a market correction.The analysis began with a Bitcoin price prediction involving an upward move followed by a pullback to $83,000. CrypNuevo clarified that this is not necessarily what he expects to happen, but rather what would provide the most trading opportunities. The expert anticipates a run to $95,000-$96,000, which would trigger a short opportunity against retail, with Bitcoin potentially reaching the $100,000 psychological level. This area could act as a bull trap, generating liquidity to the downside through long liquidations. However, the long squeeze might rebound once market makers complete the retracement. Interestingly, the analyst has been forecasting an upcoming altseason, based on the BTC.D index. This idea remains relevant as Bitcoin's dominance currently lies within CrypNuevo's key range of 60% to 62%. If Bitcoin follows the projected path, altcoins are likely to follow suit, albeit with a "shallow pullback." This scenario could present a "great opportunity," as the altseason might commence after this brief downturn.It is crucial to acknowledge that even experienced traders and analysts like CrypNuevo can be mistaken. These analyses do not guarantee that the market will behave as anticipated. Instead, they offer valuable insights for traders and investors to consider during their own evaluations.

According to PANews, recent data from Coinglass reveals that the cryptocurrency market experienced significant liquidations amounting to $354 million over the past 24 hours. This includes $233 million in long positions and $121 million in short positions being liquidated.Bitcoin (BTC) and Ethereum (ETH) were among the most affected cryptocurrencies, with BTC liquidations totalling approximately $55.39 million and ETH liquidations reaching around $55.82 million. These figures highlight the volatility and rapid changes in the cryptocurrency market, which can lead to substantial financial impacts for traders.The data underscores the risks associated with leveraged trading in the crypto space, where sudden market movements can trigger large-scale liquidations. Traders are advised to exercise caution and consider the potential for significant losses when engaging in such high-risk trading activities.

According to Odaily, central banks' significant gold purchases have been a key factor in supporting gold prices. However, the recent surge in the U.S. dollar might curb this demand. Data from the World Gold Council reveals that central banks have acquired 694 tons of gold this year, aiming to diversify their assets and reduce reliance on the dollar.George Saravelos, Head of Foreign Exchange Research at Deutsche Bank, suggests that policies under former President Trump could weaken emerging market currencies. He notes that many central banks now need to utilize their dollar reserves to protect their foreign exchange from capital outflows and prevent excessive currency depreciation.

According to Odaily, an on-chain analyst named Yu Jin has reported a significant transaction involving a major whale or institution. Ten days ago, this entity borrowed 33 million USDC from Aave to purchase 11,486 ETH at a price of $2,873 per ETH. After holding the Ethereum for ten days, the whale sold all of it within the last half-hour at an average price of $3,083 per ETH.This strategic move resulted in a profit of $2.4 million. Following the sale, the whale repaid the borrowed amount and used the profits to acquire 26.6 WBTC. This transaction highlights the whale's ability to capitalize on market fluctuations and effectively manage their digital assets. The decision to convert the profits into WBTC suggests a strategic shift or diversification in their investment portfolio. Such activities by large players can have significant impacts on the cryptocurrency market, influencing both prices and trading volumes.

According to PANews, DEXX has announced progress in addressing the recent asset theft incident. The team is actively pursuing legal avenues to flag the hacker's wallet addresses. This step is part of their broader strategy to prevent the hacker from converting the stolen assets into fiat currency or depositing them into exchanges.DEXX is collaborating with the Solana Foundation to mark the hacker's addresses. Once flagged, the hacker will face significant challenges in utilizing the stolen assets. The company is employing all available resources to trace the stolen funds and is currently unable to respond individually to media inquiries or key opinion leaders. DEXX has partnered with multiple security agencies to track down the hacker's information and has initiated investigations in various locations.

On Nov 17, 2024, at 1:40 PM (UTC), according to Binance Market Data, Ethereum (ETH) dropped below 3,100 USDT and is now trading at 3,087.75 USDT, with a narrowed 2.65% decrease in 24 hours.

According to PANews, Token Unlocks data reveals that AVAX, ROSE, ADA, and other tokens are scheduled for significant unlocks next week. Details are as follows:Avalanche (AVAX): Approximately 1.67 million tokens will be unlocked on November 18 at 12:00 AM UTC, representing 0.41% of the circulating supply and valued at approximately $61.3 million.Oasis (ROSE): About 176 million tokens will be unlocked on November 18 at 4:00 PM UTC, representing 2.62% of the circulating supply and valued at approximately $14.6 million.Cardano (ADA): Around 18.53 million tokens will be unlocked on November 21 at 12:00 AM UTC, representing 0.05% of the circulating supply and valued at approximately $13.4 million.Pixels (PIXEL): Approximately 54.37 million tokens will be unlocked on November 19 at 10:00 AM UTC, representing 7.05% of the circulating supply and valued at approximately $11.4 million.SPACE ID (ID): About 18.49 million tokens will be unlocked on November 22 at 12:00 AM UTC, representing 4.29% of the circulating supply and valued at approximately $8.3 million.Ethena (ENA): Around 12.86 million tokens will be unlocked on November 21 at 12:00 AM UTC, representing 0.45% of the circulating supply and valued at approximately $7.4 million.Eigenlayer (EIGEN): Approximately 1.29 million tokens will be unlocked on November 19 at 7:00 PM UTC, representing 0.69% of the circulating supply and valued at approximately $3.2 million.SKALE (SKL): About 55 million tokens will be unlocked on November 20 at 12:00 AM UTC, representing 1.06% of the circulating supply and valued at approximately $2.5 million.Hooked Protocol (HOOK): Around 4.17 million tokens will be unlocked on November 20 at 12:00 AM UTC, representing 2.05% of the circulating supply and valued at approximately $1.8 million.