Blackrock is on a blockchain spree! 🎉 The asset manager is expanding its tokenized money fund, BUIDL, to five more networks: Aptos, Arbitrum, Avalanche, Optimism, and Polygon. Initially launched on Ethereum, BUIDL invests in low-risk U.S. Treasury bills, making it a hot pick for cautious crypto enthusiasts.
With tokenized real-world assets like T-Bills gaining traction, BUIDL is leading the pack with the largest assets under management. As more chains join the party, expect smoother transactions and on-chain dividends. It's a $30-trillion market opportunity, and Blackrock's ready to BUIDL it up!
🐋 Whale of a time in the NFT seas! Despite a dip in average daily buyers, whales have been splashing cash on BNB Chain, boosting NFT volumes to a daily average of $600,400 in Q3. Meanwhile, Lamborghini revs up the NFT scene with its Revuelto mint, letting gamers drive virtual Lambos! 🚗💨
Infinex is speeding up its game too, planning to list the top 500 crypto assets by 2025, while OpenSea users have dropped their lawsuit, opting for arbitration instead. Stay tuned for more NFT adventures next week!
🚀 Wall Street banks are grinning like Cheshire cats, sitting on a cool $1.4 billion post-election gain thanks to Bitcoin's recent moonshot. Big banks dove into BTC futures before the presidential election, snagging 10,564 contracts—equivalent to 52,820 BTC. While they can't hold Bitcoin directly, they sure know how to ride the crypto rollercoaster via futures and ETFs.
With Bitcoin's 22% jump since Nov. 6, banks' brokerage units at CME saw their long positions swell to $3 billion. Even Coinbase stock joined the party, soaring over 20% to hit $300. Crypto market cap? A whopping $3.17 trillion!
Bitcoin's on a roll, folks! 🚀 It just smashed through the $93,000 ceiling, leaving traders in a tizzy. While some miners are cashing in, the rally's got legs, thanks to strong derivatives data and a wobbly US dollar. The new $54 billion Bitcoin ETF is adding fuel to the fire, cementing BTC as a go-to store of value.
Despite a stronger dollar, Bitcoin's still strutting its stuff, with futures premiums showing traders are buzzing with excitement. With a crypto-friendly US administration and potential Treasury Bitcoin reserves, BTC might just moon past $100,000. Buckle up!
Curve Finance has launched a new stablecoin, Savings-crvUSD (scrvUSD), promising "low-risk" returns for investors. Users can mint scrvUSD by depositing crvUSD, which is overcollateralized by assets like Ether and Wrapped Bitcoin. Curve assures that user funds remain safely in vaults, stabilizing borrowing rates. With over 3 million crvUSD already in the system, Curve's founder claims it's sustainable. The move enhances DeFi composability, offering new opportunities for traders. Curve's collaboration with The Open Network aims to boost DeFi ecosystem efficiency. 🚀
🚀 XRP is on a rollercoaster ride, folks! After briefly hitting its 2024 high of $0.74, this altcoin is showing Bitcoin who's boss with a 13.42% uptick. Analysts are buzzing about a potential 200% rally, with XRP breaking a three-year downtrend. Could it hit $2 by year-end? One analyst thinks so, predicting a "god candle" moment. Meanwhile, XRP's social media chatter is through the roof, signaling excitement—or maybe a market top. With open interest at a yearly high, buckle up for potential price swings as we close out 2024. Remember, do your own research before diving in!
🐶 Dogecoin (DOGE) is wagging its tail again, rallying 229% in November! Following Trump's election victory, DOGE's market structure is barking up the right tree, showing a "classic" inverse head-and-shoulders pattern, according to veteran trader Peter Brandt.
- DOGE's price ceiling could soar if history repeats itself. - Mikybull sees a potential market peak of $3 to $4, citing diminishing returns. - A recent correction has DOGE oscillating between $0.44 and $0.34, but the market sniffs a bullish reaction with Trump's new D.O.G.E. department.
Remember, every investment involves risk, so do your homework!
🎮 Off The Grid, a battle royale game with a sprinkle of blockchain, has made a splash with 9.12 million wallets and 100 million transactions in its first month! While blockchain is more of a sidekick than the hero, players can opt-in for NFT items and trade them on Gunz, an Avalanche subnet. The game’s success shows that focusing on fun gameplay with optional blockchain features can win over even the most skeptical gamers. As blockchain tech becomes more seamless, it might just sneak its way into the hearts of gamers everywhere, one wallet at a time!
🚀 Bitcoin's on a rollercoaster, folks! After Trump's election, BTC soared 30% to a jaw-dropping $90k. Analysts are buzzing with predictions: OKX's Lennix Lai sees it zooming past $100k, while IG Markets' Tony Sycamore expects a chill in the low $90k range. Meanwhile, eToro's Josh Gilbert is all aboard the $100k train, but warns of a breather soon. CryptoQuant's Ki Young Ju is the party pooper, predicting a dip to $58k. Overall, the crypto world is optimistic, but buckle up for some wild rides ahead! 🎢
🚀 Zero Gravity Labs (0G Labs) has secured a whopping $290 million to develop the world's first decentralized AI operating system, dAIOS. With $40 million from big-name VCs like Hack VC and Animoca Brands, and a $250 million liquid credit line, 0G Labs is set to revolutionize AI on the blockchain.
- The dAIOS aims to make AI apps cheaper and less complex, thanks to its modular architecture. - Promising up to 50GB/s throughput, it supports real-time onchain AI computations. - CEO Michael Heinrich believes this could unlock new possibilities for decentralized AI.
Looks like AI and blockchain are becoming the ultimate power couple!
MoonPay is spicing up the crypto scene with its latest dish, MoonPay Balance! 🍽️ This new payment tool lets users hold and spend fiat like euros and pounds, all while keeping their crypto wallets self-custodial. Think of it as giving your MetaMask wallet a bank account makeover!
- Available in 27 European countries, MoonPay Balance supports SEPA, Faster Payments, and Open Banking. - Zero fees for depositing, withdrawing, buying, and selling—though partners might sneak in some charges. - CEO Ivan Soto-Wright envisions crypto wallets as future bank accounts, bridging gaps in the DeFi world.
MoonPay's on a roll, integrating with big names like PayPal. Keep an eye out, crypto enthusiasts!
🚀 Trump’s victory has crypto enthusiasts buzzing! With pro-crypto regulations on the horizon, Bitcoin might just moon to $100,000 by the next presidential inauguration. Copper.co’s Fadi Aboualfa highlights the role of Bitcoin ETFs, which recently attracted $2.6 billion, as key drivers of this bullish trend.
Expect a crypto-friendly regulatory shift, with more advocates in government. But hold onto your hats, as Van de Poppe warns of a potential debt crisis, hinting at a future where BTC could hit $1 million. Buckle up, it’s going to be a wild ride!
- Coincheck, the Tokyo-based crypto exchange, is set to make a splash on Nasdaq by Dec. 10. It's like a sushi roll landing in a burger joint—unexpected but exciting!
- Thanks to a merger with Thunder Bridge Capital Partners (TBCP), Coincheck will be the first Japanese crypto exchange to list on a US stock exchange. Talk about breaking barriers!
- The SEC gave the thumbs up, and if TBCP shareholders agree on Dec. 5, Coincheck will trade under the ticker CNCK.
- This move could inspire other Japanese exchanges to follow suit, making the crypto world a smaller, friendlier place.
Revolut X is taking Europe by storm, expanding its crypto exchange to 30 new markets across the EEA! 🎉 Now, crypto enthusiasts from Belgium to Denmark can trade over 200 cryptocurrencies using their Revolut accounts. Revolut X, initially launched in the UK, caters to both seasoned traders and retail customers with advanced features and zero maker fees. With 24/7 support and top-notch security, Revolut is committed to a borderless banking world and financial freedom. So, if you're in the EEA or UK, it's time to get your crypto game on with Revolut X!
🚀 Ronin's Katana DEX is gearing up for a v3 upgrade, promising traders and LPs a smoother ride with concentrated liquidity pools by November. Expect less slippage and more trading depth—like finding a unicorn in your backyard!
- New features: customizable fee tiers and concentrated liquidity for LPs to fine-tune profit margins and risk levels. 🎯 - Liquidity rewards slashed by 50% to boost capital efficiency, with phase two cutting them further on Nov. 26. - Cross-chain security beefed up with Chainlink's CCIP, paving the way for Ronin's ecosystem expansion.
🚀 Bitwise Asset Management is shaking things up by diving into Ethereum staking! They've acquired Attestant, a staking service provider managing a whopping $3.7 billion in assets. This move marks a new chapter for Bitwise, as they expand beyond their Bitcoin ETF roots.
- Bitwise CEO Hunter Horsley is excited about offering broader capabilities. - They've also launched a staking ETP for Aptos tokens, aiming for a 4.7% return. - Staking is a big deal for Ethereum, promising around 4% annual returns for ETF investors.
Looks like Bitwise is staking its claim in the crypto world!
🚀 Linea, the zkEVM rollup by Consensys, is rolling towards decentralization with its new Swiss-based Linea Association! Announced at Devcon in Bangkok, this nonprofit aims to boost Linea’s tech, market, and decentralization roadmap.
- Joseph Lubin, Consensys founder, sees this as a leap towards true decentralization. - The association plans a community-led governance with a Linea token debuting in Q1 2025. - Linea’s mission? To empower the world to live onchain, just like Ethereum!
With decentralization at its core, Linea’s future looks as bright as a crypto moonshot! 🌕
- Web3 bug bounty platform Immunefi has put Trust Security in a 90-day timeout after a spat over a bug bounty payment. - Trust Security claimed they found a critical bug, but Immunefi and the project said, "Nah, that's out of scope!" - Trust wasn't thrilled with the "tiny goodwill bounty" and decided to go public, calling for more transparency in the Web3 world. - Meanwhile, the crypto community is scratching their heads, wondering why Immunefi didn't just have a friendly chat instead of swinging the ban hammer. - In other news, Evmos blockchain recently shelled out $150k for a critical bug find. 🐞💰
- Ethereum's got a spring in its step after Trump's victory, says Consensys CEO Joe Lubin. The SEC's "gas-lit" antics might soon be history, with hopes for a leadership shuffle. 🎉
- Ether's up 23% in a week, outpacing Bitcoin's 16% and leaving Solana and BNB in the dust. Lubin believes Ethereum's maturity is its secret weapon.
- US spot Ethereum ETFs are swimming in cash, hitting $295M in inflows post-election. Meanwhile, Bitcoin ETFs still reign supreme.
- Lubin's crossing fingers for a smooth SEC transition, eyeing Mark Uyeda for the top spot. Regulatory clarity, anyone?