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#ETHOnTheRise Has shown significant movement recently, with its price surging by around 33% in the past month. Currently, the price is hovering near $3,676, with analysts suggesting potential bullish momentum through December. Some projections indicate ETH could test the $4,000 mark, contingent on continued accumulation by large holders and positive market dynamics. Technical indicators like the MVRV ratio and funding rates also show a strong setup for potential upward movement.$ETH

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#BSCOnTheRise Gifto's development team was accused of secretly issuing 1.2 million GFTs, doubling their number the day after Binance announced the token's delisting. Such a controversial move by the Gifto team caused the token to drop by 35%. GFT token rate One of the first to report on the situation was blockchain stalker ZachXBT. He wrote, the Gifto team quietly issued 1.2 million new GFT tokens on BNB Chain, increasing the total number of tokens to over 2.2 billion. The new tokens were subsequently listed on several exchanges including KuCoin, OKX, Gate.io, Binance, MEXC, HTX and Bitget. It was announced that Binance will delist GFT from its lists on November 26, 2024. A few hours ago, the Gifto team issued another 1.2 billion GFT on BSC, more than doubling the total supply. GFT was then credited on Kucoin, MEXC HTX, Bitget, Binance, OKX and Gate,” ZachXBT wrote. The developers of Gifto have not yet released any official statement on the situation. Gifto, a blockchain protocol focused on digital gifts and content monetization, was founded in 2017 by Andy Tian. In January 2023, decentralized crosschain platform IDO Poolz invested $2.5 million in Gifto tokens to support its updated roadmap. A month later, reports emerged that Tian had passed away suddenly at the age of 47. The project's official account remained silent on the matter, so questions about the project's leadership and future remain unresolved.

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#AIAndGameFiBoom NFT game developer $AXL Axie Infinity will cut 21% of its staff Sky Mavis has a workforce of around 250 people and the layoffs will affect 50 employees. Sky Mavis CEO and co-founder Nguyen Thanh Trung attributed the staff cuts to the fact that the company plans to focus on opening the Ronin Bridge in the first quarter of 2025. In March 2022, hackers withdrew more than $600 million from Ronin Network, an Etherium sidechain designed for NFT-based games. After that, Axies, the ecosystem's collectible tokens that were once worth at least $700, collapsed to nearly zero. They are now worth only a few cents

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$BTC Long-term bitcoin holders sold more than 728,000 BTC in a month Over the past 30 days, long-term bitcoin holders have sold more than 728,000 coins worth about $67 billion at the current price of the flagship asset, according to data from analytics firm CryptoQuant. This is the largest sell-off since April 2024,” the company wrote in a social media post. In addition, CryptoQuant analysts noted a turning point in the sentiment of large investors, who bought up about 250,000 bitcoins in October. Experts attribute the large-scale sell-off to Donald Trump's victory in the US presidential election. During his election campaign, the Republican candidate actively supported the cryptocurrency industry, promising to make bitcoin a reserve currency and strengthen the mining industry in the country. After the announcement of the voting results, the exchange rate of the leading crypto asset rose sharply and set a new all-time high, just short of the all-important $100,000 level. Bitcoin has corrected significantly this week, dropping to $93,300 at the time of writing. The asset's short-term decline has led to short-term holders getting rid of 54,600 BTC in the last 24 hours alone. Bitcoin selloff by short-term holders According to TradingView, bitcoin's dominance, as measured by its share of the total cryptocurrency market capitalization, is currently around 51%, down from a recent high above 60%.

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#ThanksgivingBTCMoves Long-term bitcoin holders sold more than 728,000 BTC in a month Over the past 30 days, long-term bitcoin holders have sold more than 728,000 coins worth about $67 billion at the current price of the flagship asset, according to data from analytics firm CryptoQuant. This is the largest sell-off since April 2024,” the company wrote in a social media post. In addition, CryptoQuant analysts noted a turning point in the sentiment of large investors, who bought up about 250,000 bitcoins in October. Experts attribute the large-scale sell-off to Donald Trump's victory in the US presidential election. During his election campaign, the Republican candidate actively supported the cryptocurrency industry, promising to make bitcoin a reserve currency and strengthen the mining industry in the country. After the announcement of the voting results, the exchange rate of the leading crypto asset rose sharply and set a new all-time high, just short of the all-important $100,000 level. Bitcoin has corrected significantly this week, dropping to $93,300 at the time of writing. The asset's short-term decline has led to short-term holders getting rid of 54,600 BTC in the last 24 hours alone. Bitcoin selloff by short-term holders According to TradingView, bitcoin's dominance, as measured by its share of the total cryptocurrency market capitalization, is currently around 51%, down from a recent high above 60%.

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