Although the supply of stablecoins is increasing, this factor alone is not enough to significantly increase the price of the first cryptocurrency, said CryptoQuant CEO Ki Yoon Ju, writes Cointelegraph.

Today, stablecoins are mainly used for transfers or storing value in countries with rapidly depreciating fiat currencies, rather than trading, he said.

In the first nine months of 2024, 470 issues of digital financial assets with a total volume of about 316 billion rubles took place. This was reported by RBC with reference to a report by the Expert RA rating agency.

According to analysts, more than 98% of the CFA issues were simple cash claims, with maturity periods halving from the previous year to an average of 123 days.

A U.S. court sentenced Bitcoin Fog cryptocurrency mixer operator Roman Sterlingov to 12.5 years in prison for laundering over $400 million in digital assets from 2011 to 2021.

In March, the jury found him guilty of conspiracy to commit money laundering, money laundering, and two counts related to operating an unlicensed money transmission service. At that time, Sterlingov disagreed with their decision.

$BTC $ETH
According to the latest data, the BlackRock Bitcoin ETF, iShares Bitcoin Trust, recorded a record inflow of $1.12 billion in just one day. This is considered the largest one-day inflow for a Bitcoin ETF in US history. The fund's metrics, launched in January, also showed an increase in assets under management to $1.25 billion, making it the largest Bitcoin ETF in the country. This event coincided with Bitcoin reaching a new historical record, rising to $76,500 on Friday.

An unknown user missed the opportunity to earn over $1.6 million on the token PNUT. This was noted by Lookonchain analysts.

According to specialists, the trader purchased 19.1 million PNUT for 11 SOL ($1882). He then sold all the tokens for 4.57 SOL ($783) with a loss of $1099.

At its peak, the value of 19.1 million PNUT exceeded $1.6 million.

I came across an interesting document: US Congressman Matt Gaetz proposed a bill that would allow Americans to pay federal income taxes using Bitcoin.

💰 Flesh nolog
In fiscal year 2023, which ended Sept. 30, total federal income tax revenue reached $2.614 trillion, according to the U.S. Treasury Department.

Cryptocurrency investment funds received $901 million from October 20 to 26, after the highest since July, $2.2 billion, the week before, according to CoinShares.

In total, since the beginning of the year, the inflow into food products has exceeded $27 billion - almost three times the record value for 2021 ($10.5 billion).

The “pumping” of Bitcoin liquidity into DeFi protocols, exchange products, and custodial services is a “vampire attack” on the network and threatens its security, according to a researcher nicknamed Duo Nine.

"Bitcoin is in trouble. If nothing changes soon, the situation will not be pleasant. I am not talking about the halving schedule or block rewards, this is much more serious," the expert said.

The CEO of the Canadian cryptocurrency company WonderFi, Dean Skurka, became a victim of kidnapping. He was released after a ransom payment of $1 million, local media report.

According to their data, the attack occurred in downtown Toronto on November 6 around 6:00 PM. Unknown individuals forcibly put the businessman in a car and demanded money.

Has it ever happened to you that you trade on the news and seem to be doing everything right, but end up with a loss? If this has happened at least once, the article will be useful. Every time any big news comes out, any trader with or without a position has a desire to open the broker/exchange application to make money on it. But the irony is this: ⚡️ As soon as the news comes out, the price immediately plays out this event. Especially this refers to cryptocurrency, where $BTC can make +-10% on news about ETFs in just a couple of minutes. In alts, as a rule, the price jump occurs in a split second and this process accelerates every year. For example, Binance has trading robots that are written specifically for these purposes. They trade according to a strategy and it won’t turn out that “the robot missed the deal.” It makes no sense for a person to compete with trading robots. Robots/traders - 1:0💢 Fake news or stuffing. News is often manipulative. Large players can take positions early because they have access to information in advance. For example, stock exchange managers may know in advance about upcoming events in the country and may conduct a successful IPO and then watch with indifference the shares fall by -90%. As a result: the discarded shares at the IPO are bought by newcomers or traders. Insiders/traders 1:0🧿 Ordered news. If you think that news appears “just like that,” then you are very mistaken, since behind most news there is a customer. And oil prices are a very clear example of this. Almost always, the price is affected by some kind of OPEC meeting, which either reduces or increases production... how can an ordinary trader without insider forecast this? No way. Events since 2020 have shown that the price of oil can be from $0 to $130. That is, in fact, it can be anyone... The vector here is set by large players through the news, and their real plans are, alas, unknown to us 📰Whales/traders 1:0 In fact, we can continue as long as we can, but the fact remains a fact. Even the most experienced trader will not be able to beat the market for at least 5 years. And personally, I redirected my focus from trading to investing and my life has improved significantly. My training has been going on for 8 years and will continue as long as assets are traded on exchanges. I ignore market noise and this gives me the opportunity to make money over the long term.🫡 Dear readers, you should not try to make money on obvious negative news. In most cases, they are obvious to everyone and everyone is trying to open a short. As a result, at the slightest increase in price, a massive liquidation of shorers begins and the price flies upward 🆙I talk about how not to fall into the trap of emotions and how to create a long-term strategy for increasing capital on this channel. There is a pack of promising ideas ahead, subscribe 🚀#инвестиции #трейдинг #новичкам #новости 00 118067458