This week's cryptocurrency market has exploded, surpassing the $3.4 trillion mark for the first time, increasing by nearly $400 billion. Bitcoin is approaching $100K, trading around $99,000. However, the real star is Ripple's XRP, which has surged over 66% thanks to the announcement that SEC Chairman Gary Gensler will resign in January 2025. Cardano's ADA has also surged by 45%, while Solana and Avalanche have reached new highs. 🤑

MicroStrategy continues to make large BTC purchases, raising its total to over 330,000 BTC. The stablecoin supply has reached a record $176.2 billion. Despite market adjustments, the future of blockchain remains promising. 🚀

A "dormant" Ethereum whale has suddenly become active again, drawing attention as Ethereum's price surges amid the market turmoil. 🐋 According to Lookonchain, the whale has accumulated 398,889 ETH since 2016 at an average price of just $6 per ETH. After more than 8 years of silence, on November 7, 2024, the whale began selling 73,356 ETH, now worth $224.42 million, reducing his balance to 325,533 ETH.

Although Ethereum has increased by 30% over the past month, the price has yet to surpass the $3,500 mark, well below the $4,800 peak in 2021. This could prompt the whale to sell, reflecting skepticism about ETH's short-term potential.

Meanwhile, a report from CryptoQuant shows strong growth in the Ethereum derivatives market, with open interest surpassing $13 billion, up 40% over the past four months. This reflects growing investor participation in the ETH derivatives market. 📈

Shibarium, the layer-2 blockchain solution of Shiba Inu, has achieved impressive milestones since its launch in August. With over 500 million transactions and 8 million blocks processed, this system is proving strong development. 📈

Many upgrades have been implemented to improve performance and compatibility with popular wallets like TrustWallet and MetaMask. In particular, the SHIB token burning mechanism aims to reduce supply, creating scarcity and potential value increase. 🔥

The price of SHIB has increased nearly 4%, benefiting from the altcoin price surge following Gary Gensler's resignation as SEC Chairman. XRP also recorded significant gains thanks to expectations for a less turbulent future.

MicroStrategy has successfully raised 3 billion USD through the issuance of convertible bonds, according to an announcement from Michael Saylor. These bonds have a 0% interest rate and a conversion price that is 55% higher than the average stock price, approximately 672 USD/share. 📈

The funds raised will be used to purchase more Bitcoin and for general corporate purposes. This is part of the "21/21" plan to strengthen the company's Bitcoin reserves. MicroStrategy is currently the largest publicly traded company holding Bitcoin, with 331,200 BTC. 💼

However, after the announcement, MSTR shares fell sharply by 16%, from over 530 USD to below 400 USD.

🌟 **Cryptocurrency Price Analysis This Week: XRP, ADA, OP, SOL, and DOGE**

- **Ripple (XRP):** XRP has just experienced an impressive month with a 74% increase this week, nearing $1.5. The next target is $2, but caution is needed regarding the possibility of price correction.

- **Cardano (ADA):** ADA is approaching $1 after a 47% increase this week. If it surpasses 90 cents, ADA could reach $1, but attention is needed for selling pressure.

- **Optimism (OP):** OP has surpassed the $2 mark, increasing by 34% this week. With good support, OP could aim for $2.5 and $3.

- **Solana (SOL):** SOL reached an all-time high of $264, up 22%. After a correction, SOL could continue its upward trend with a target of $300.

- **Dogecoin (DOGE):** DOGE increased by 6%, accumulating below 40 cents. If it breaks the resistance, the next targets are 48 and 59 cents. 🚀

Are NFTs really dead? 🌐

- The excitement of the NFT market has cooled since 2021, but we shouldn't rush to conclude their end. Instead, we should recognize the transformative potential of NFTs through practical applications and new perceptions.

- The biggest challenge for NFTs is the instability of the Web3 community, where users can easily shift trends. At the same time, interest from Web2 has also declined as the value of NFTs decreases.

- However, NFTs can still become the core infrastructure of blockchain, from enhancing identity protocols to tokenizing real assets. 🏡

- The future of NFTs does not lie in the past, but in their ability to reshape and be widely applied in the digital life.

Pi Network is calling on users to complete important steps before the deadline of November 30 to avoid losing access to tokens. These steps include KYC verification, setting up a wallet, signing the token confirmation agreement, and other tasks. 📅

The roadmap for the open mainnet is expected to be announced in December, causing mixed reactions within the community. Despite the delays, Pi Network still brings hope for an official token trading future. 🌐

Currently, only 1 million more people need to complete KYC to reach the goal of 15 million, paving the way for the launch of the Open Network.

The self-proclaimed "cryptocurrency supporter", Donald Trump, has just become the President of the United States, causing the prices of cryptocurrency assets to skyrocket. Bitcoin, leading the surge, has reached $99,500, up nearly 50% since the election. 🎉

One of the main reasons is the Bitcoin ETFs in the U.S., attracting nearly $5 billion after the election. BlackRock’s IBIT leads with nearly $31 billion AUM. Santiment suggests that the market moves contrary to the expectations of the majority, thanks to the skeptics who have helped this historic rally.

Even though BTC is nearing $100K, the question "When?" remains open. FOMO is low, but the Fear and Greed index is rising, which could signal an upcoming correction. ⏳

🚀 Bitcoin is approaching the six-figure mark, marking a new historical milestone. Meanwhile, altcoins like XRP and ADA are recording impressive gains.

• According to analysis from Santiment, altcoins such as Ripple, Cardano, Stellar, Hedera, Mantra, and Algorand have surged, with increases of 52%, 41%, 83%, 87%, 110%, and 44% respectively.

• Attention is shifting from Bitcoin to altcoins as BTC maintains the critical support level of $95,000. This could sustain momentum for altcoins in November.

• Ethereum is also recovering, reaching $3,360, indicating an increase in trading activity and interest from major investors. 🌐

These trends suggest diversification of portfolios and new opportunities beyond Bitcoin's dominance.

📈 The cryptocurrency market is buzzing with many notable developments. Ripple (XRP) has surged to a three-year high, surpassing $1.40, following the news that SEC Chairman Gary Gensler will resign in January 2025. The community hopes that his successor will be more friendly towards the cryptocurrency industry.

⚠️ Meanwhile, the Shiba Inu team warns users about scams using the name of Shytoshi Kusama to promote fake tokens. Users should be vigilant and steer clear of unofficial services.

Bitcoin (BTC) is nearing the $100,000 mark, driven by the cryptocurrency-friendly stance of elected President Donald Trump. Analysts predict that BTC prices could rise even higher.

Today, approximately 29,000 Bitcoin options contracts will expire with a nominal value of around 2.84 billion USD. Although smaller in scale compared to last week, the cryptocurrency market is booming with many assets reaching new price peaks.

A large expiration event worth 9 billion USD will take place at the end of the month. The put/call ratio of Bitcoin contracts this week is 1.1, with the max pain point at 86,000 USD, much lower than the spot price reaching an all-time high of 99,000 USD.

Ethereum also saw 164,000 contracts expire with a nominal value of 550 million USD. The total nominal value of contracts expiring today is approximately 3.4 billion USD. 🌟

The cryptocurrency market has reached a new market capitalization peak of 3.43 trillion USD, with Bitcoin leading at 99,261 USD. Ethereum also surged, reaching 3,375 USD. Positive events such as the approval of options trading for Bitcoin ETFs and the involvement of major institutions have fueled this growth momentum. 🚀

The cryptocurrency market just reached a record market capitalization of 3.44 trillion USD on November 22, mainly thanks to Bitcoin with a record price of 99,000 USD, accounting for over 60% of the market share. 🌟

Solana (SOL) stands out with an all-time high of 263 USD, up 11% in a day and 160% in a year. This momentum is driven by ETF applications and the departure of Gary Gensler from the SEC.

XRP also rose 25%, reaching 1.42 USD, thanks to positive hopes from the lawsuit with the SEC. Other altcoins like Cardano, Stellar, and Cronos also recorded significant gains.

Ethereum increased by 8% but has yet to break through the resistance level, leaving many investors worried. 🔍

SEC Chair, Gary Gensler, announced that he will step down from his position on January 20, 2025, when Donald Trump is inaugurated as the 47th president of the United States. This information has pushed the price of XRP to new highs above $1.4, increasing more than 26% and becoming the largest digital asset with the best performance. 🎉

The Ripple community is excited about Gensler's decision, who is seen as a long-time adversary of the industry. Many have made promising price predictions for XRP, with targets reaching up to $5 and even $30. However, these price levels would place XRP in the top 10 largest assets in the world, which sounds promising but is quite distant at this time. 🚀

Retail investors are not selling ETH

The current price of Ethereum (ETH) is $3,100, up slightly by 0.2% over the past 24 hours but down 2.7% over the past 7 days. Nonetheless, ETH has increased by 17.76% in the past month and 38% since the beginning of the year. According to a report by CryptoQuant, retail investors are still holding onto ETH, indicating confidence in its long-term potential.

- The amount of deposits into major exchanges like Binance and OKX is low, indicating little selling activity.
- The SOPR index of ETH is below 1.10, indicating trades are close to breakeven.

Despite the volatility, the market still believes that the current price of ETH is attractive with potential for growth in the future. 🌟

**Upbit Hack: North Korea Behind It**

- South Korean investigators have confirmed that North Korean hackers Lazarus and Andariel were responsible for the theft of $50 million worth of ETH from Upbit in 2019. 🎯

- The incident was reported five years ago, with 342,000 ETH stolen. The current value of this ETH is 1.47 trillion won.

- A joint investigation with the FBI found IP addresses and other traces from North Korea. 57% of ETH was converted to Bitcoin through exchanges controlled by North Korea.

- South Korean police recovered 4.8 Bitcoins from a Swiss exchange, worth about 600 million won, and returned them to Upbit.

- Upbit has increased security after the incident, but still faced over 159,000 attacks in the first half of 2023. 🚀

The judge in the Southern District of New York has approved Celsius Network's request to send legal notices via NFT airdrop. 🌐

- Celsius, currently in bankruptcy, is seeking to recover funds from transactions allegedly fraudulent to an unidentified digital wallet.
- To address the issue, Celsius proposed using NFTs to send legal notices, with each NFT containing a link to the relevant documents.
- FTI Consulting will ensure the NFTs are received and accessed properly, tracking time and traffic.
- This method is considered reasonable and innovative, similar to the use of email in the early days of the internet.

Chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, announced on X that he will resign on January 20, 2025. This news did not cause much volatility in the cryptocurrency market, except for Ripple's XRP, which rose 5% immediately after.

- The SEC is in a prolonged lawsuit with Ripple, and many believe that Gensler's resignation could change the agency's stance. However, this is merely speculation, and who will succeed him and how they will handle cryptocurrency-related lawsuits remains a concern. 🌐

- Blockchain technology and cryptocurrencies continue to evolve, opening up new opportunities for the market. 🚀

SEC Chair Gary Gensler confirms he will resign in January, opening a new chapter for the cryptocurrency market. Gensler, who was previously criticized by the crypto community for his strict enforcement measures, announced this via Twitter and the SEC website, calling it the "honor of a lifetime" to keep the U.S. capital markets leading the world.

Bitcoin surged to $98,200 following this announcement, reflecting market optimism ahead of the leadership change. With Donald Trump elected President, the community is hoping for more crypto-friendly policies. 🚀

The Sui network encountered a major incident on November 21 when it was unable to create blocks on the mainnet, causing the blockchain to stall. After a 2-hour interruption, the network resumed operation and processed transactions normally.

The cause of the incident was identified as a fault in the transaction scheduling logic, leading to the failure of validators. Thanks to the swift efforts from the community, the issue has been resolved. 🔧

The price of SUI dropped nearly 10% from $3.7 to $3.35, before recovering to $3.64. The incident also caused Upbit to temporarily suspend SUI deposits/withdrawals.

Sui, dubbed the "Solana Killer," has attracted attention with a TVL of $1.65 billion as of November 17. 📈

Bitcoin surpassed $98,000 on Thursday, reaching a new peak as market capitalization neared $2 trillion. Investor optimism following Donald Trump's victory in the presidential election has fueled speculation that crypto-friendly policies could be implemented, contributing to this growth. Bitcoin has increased by more than 44% since the election on November 5, continuously breaking records.

- Strong accumulation activity from large wallets has driven the price up. While the number of wallets holding less than 10 BTC has decreased, the remaining large wallets are accumulating strongly, indicating buying pressure from major investors.

- Strong demand for March and June call options from QCP Capital, along with inflows into Bitcoin ETFs, suggests optimism about Bitcoin's long-term potential. 📈

- However, Glassnode founders warn that surpassing the $100k mark could trigger profit-taking, leading to a price adjustment.