1. Bitcoin Price Drops Below $70,000
After ending October with growth, Bitcoin's price has fallen below $70,000, wiping out approximately $500 million in open interest (OI). Despite the Personal Consumption Expenditures (PCE) data meeting expectations, the market reacted negatively.
2. Tether Reports Record Profit in Q3
Tether, the issuer of the USDT stablecoin, announced a record profit of $2.5 billion in the third quarter of 2024, indicating strong business growth.
3. Immutable Receives SEC Notice; IMX Price Drops 13%
Immutable has received a Wells notice from the U.S. Securities and Exchange Commission (SEC), leading to a 13% decline in the IMX token's price.
4. Number of Cryptocurrency Investors in South Korea Increases Significantly
In the first half of 2024, the number of cryptocurrency investors in South Korea grew by 1.33 million, reflecting increasing interest in the market.
5. Changpeng Zhao Appears After Release
Changpeng Zhao, CEO of Binance, made his first public appearance after being released, discussing the future of the exchange and the cryptocurrency market.
6. Dogecoin Could Increase by 500% by 2025
Technical analysis indicates that Dogecoin has broken a 3-year price channel, signaling potential for a 500% price increase by 2025.
7. DEX Trading Volume on Solana Increases 168% Compared to Ethereum
Trading volume on decentralized exchanges (DEX) on Solana has increased by 168% compared to Ethereum, demonstrating strong ecosystem growth.
8. U.S. Government Sells 82,000 Aragon (ANT) Tokens
The U.S. government has sold 82,000 Aragon (ANT) tokens for Ethereum before proceeding to burn these tokens.
9. Kraken Restructures, Lays Off 15% of Staff
Kraken has announced a restructuring plan, laying off 15% of its staff and appointing a new co-CEO to optimize business operations.
10. MicroStrategy Plans to Raise $42 Billion to Buy More Bitcoin
MicroStrategy is preparing to raise $42 billion over the next three years to purchase additional Bitcoin, continuing its strategy of accumulating digital assets.
These developments indicate that the cryptocurrency market is experiencing significant fluctuations and events, impacting prices and investor sentiment.
