This article is about blockchain, business, and technology news. Here’s the summary:

Galaxy Digital had its biggest trading day of the year, with interest in the cryptocurrency market rising after Donald Trump won the US presidential election. CEO Michael Novogratz said the move was a testament to the company’s efforts. Novogratz’s net worth rose 15% to $4.6 billion on November 5, according to the Bloomberg Billionaires Index.

Bitcoin rose to $76,500 on November 6 after Trump’s victory. On the same day, the iShares Bitcoin Trust saw record trading volume. ETH prices rose 10% and US spot Ether ETFs saw their highest net inflow in six weeks.

What do you think about the impact of these developments on the crypto market? Share in the comments.

The Ethereum network is set to increase its revenues as data storage demand increases due to increased activity on Layer 2 scaling networks. According to Dune Analytics, Ethereum L2s sent 3 times more transaction data to the mainnet in November compared to March.

After the Dencun update in March, Ethereum revenues dropped by 95% as L2 transaction data was moved to temporary offchain storage called "blobs". However, this is changing thanks to L2s such as Base, Scroll and World Chain.

Ethereum is expected to generate $66 billion in annual free cash flow by 2030. Do you think these estimates are realistic? Share your thoughts in the comments.

Magic Labs and Polygon Labs have announced a cross-chain smart wallet aimed at solving the problem of liquidity fragmentation in the blockchain space. According to the announcement on November 7, the companies have launched the Newton testnet. The solution promises to enable liquidity sharing across multiple blockchains, much like HTML or HTTP standardizes the internet experience.

Newton is built with the Polygon CDK and plans to offer smart wallets with chain abstraction, free tools, access to global liquidity, and cross-chain launches from a single command line.

What do you think about these developments? Share them in the comments.

This article is about blockchain, business, and technology news. Here’s the summary:

Kalshi aims to keep user engagement high after the November 5 presidential election by expanding its betting markets on US political events. According to regulatory filings with the CFTC, the contracts cover a range of outcomes, from how Trump will shape his administration to whether he will be impeached during his presidency.

Interest in political prediction platforms has surged ahead of the US election, with presidential race-related betting volume approaching $4 billion. Polymarket stands out with $3.3 billion in betting volume, while Kalshi has also gained popularity by offering political event contracts.

Kalshi has seen over $250 million in trading volume since launching political event contracts on October 7. It began accepting deposits in USD Coin (USDC) on October 28. It also added betting contracts on election results outside the US.

Kalshi became the first platform to be allowed to operate an election prediction market in the US after winning a lawsuit against the CFTC in September. This has paved the way for rival platforms to enter the market. Robinhood and Interactive Brokers have also launched similar betting markets.

The CFTC criticized the court ruling that allowed Kalshi to list election odds. But industry analysts say such markets can capture the pulse of public opinion more accurately than polls. Kalshi puts Trump’s probability of winning at 58%.

What do you think of these developments? Share your thoughts in the comments.

If Bitcoin stays above $71,500 at the weekly close, it could confirm its "parabolic phase." Famous analyst Rekt Capital states that BTC is ready for a strong bull run after eight months of consolidation. A weekly close above this level could confirm the transition from the reaccumulation phase to the parabolic rise phase. In addition, stablecoin inflows to exchanges could be a sign of a long-term bull run in the crypto market. What do you think about these developments? We are waiting for your comments.

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Data ownership, privacy, and security are becoming increasingly important issues in the digital age. In the latest episode of Hashing It Out, we discussed these issues with CESS co-founder Nicholas Zaldastani. Zaldastani emphasized the strategic importance of data and noted that CESS offers decentralized data storage solutions. Decentralized networks increase security by storing data across multiple nodes. This approach can prevent data from being misused. Do you think decentralized storage could revolutionize data security? Share your thoughts in the comments.

France’s gambling regulator, ANJ, is considering banning a cryptocurrency prediction platform called Polymarket. The platform was brought to the agenda by user demand around the 2024 US presidential election. ANJ is investigating Polymarket’s compliance with French gambling laws. Polymarket allows betting on real-world events using cryptocurrencies. However, such betting activities are considered illegal in France. Where do you think the line should be drawn between cryptocurrencies and betting platforms? Share your views in the comments.

This article is about blockchain, business, and technology news.

After Donald Trump won the US presidential election, two major Bitcoin investors, known as “whales,” significantly increased their holdings. Trump’s victory increased investor appetite for risky assets like Bitcoin, and the BTC price reached a new high.

On November 6, the wallet “bc1qh” bought $50.4 million worth of Bitcoin from Binance. Another whale, “bc1qa,” bought $92 million worth of BTC on November 7. The movements of these whales indicate that demand for Bitcoin is increasing.

Whales’ buying and selling movements can significantly affect cryptocurrency prices. Investors follow these movements to understand short-term price trends.

Trump’s victory has inspired optimistic projections that Bitcoin could reach $100,000 by the end of 2024. Ryan Lee, chief analyst at Bitget Research, said that market leverage could push BTC to these levels.

New Bitcoin whale addresses have emerged ahead of the election results. On November 6, $132 million worth of Bitcoin was withdrawn from 11 new wallets.

While market volatility is expected to increase after the election, some analysts believe this is necessary for the next phase of the bull cycle. Bitfinex analysts predict that the structure of the options market and the expectation of a Republican victory could push BTC to $80,000 by the end of 2024.

It is thought that the Republican Senate could prioritize more innovative crypto policies. This could create a more favorable environment for US crypto companies. Innovations such as the first staked Ether ETF are expected under the Trump administration.

Share your thoughts in the comments.

Google Cloud has become the main validator of the Cronos blockchain, indicating that global tech giants are increasingly embracing cryptocurrencies. Google Cloud is expanding its strategic partnership with Cronos Labs, aiming to increase developer adoption and drive technical innovation. The partnership is a sign that Google Cloud is strengthening its commitment to the Web3 space. Google Cloud plans to provide developers with the resources they need to build decentralized applications by collaborating with Cronos. Do you think this move will encourage other tech giants to make similar moves? Share your thoughts in the comments.

This article is about blockchain news, trading news, and technology news. Here’s the summary:

In the cryptocurrency world, AI agents are automated software programs that perform specific tasks on behalf of users. These agents interact with blockchain protocols to provide functions such as trading, token swapping, portfolio management, and interaction with decentralized finance (DeFi) platforms. AI agents automate complex processes, allowing strategies to be optimized, manual errors to be reduced, and transactions to be executed quickly and efficiently.

The rise of AI agents aligns with the integration of AI across industries, increasing the capabilities of smart contracts and decentralized applications (DApps). These agents can analyze large amounts of market data, identify trends, and make informed decisions without constant human oversight.

AI agents can transform the way users manage their digital finances by making crypto more accessible, secure, and efficient. What are your thoughts on this? Share them in the comments.

Automobili Lamborghini will launch Revuelto NFTs on November 7 in partnership with Transak. The initiative is part of a Fast ForWorld partnership with Animoca Brands. Users will be able to use digital Lamborghinis in games developed by Motorverse. Transak said it provides secure transfers by offering payment options. However, user security has been questioned after a data breach in October. While NFT sales are on the decline, Lamborghini aims to offer innovative experiences in this space. Share your thoughts in the comments.

The Polish Financial Supervisory Authority (KNF) has issued a public warning against Malta-based Foris DAX MT for allegedly conducting unauthorized financial activities in Poland. The warning is not a ban, but rather a call for Polish investors to be careful about potential risks associated with the platform. The KNF’s warning list informs citizens about companies that may be conducting unauthorized financial activities. What could be the implications for investors? Share your views in the comments.

Ethereum (ETH) has gained more than 9% in the past 24 hours, reaching a 13-week high of $2,880 on November 7. Meanwhile, an Ethereum whale who has been holding more than 11,000 ETH since 2016 cashed out his significant gains. The whale bought ETH at $3.46, and at the current price, his potential profit is $30.52 million. ETH reserves on exchanges have increased in the past seven days, which could be a sign of profit taking. However, the long-term view shows that ETH reserves on exchanges are down 7% in 2024. Could the ETH price reach $4,000? We’re waiting for your comments.

The Ethereum Foundation has announced a short-lived testnet called Mekong. This testnet provides developers with the opportunity to try out upcoming upgrades before they hit the Ethereum mainnet. Mekong provides a space for wallet developers to test UX changes and for stakers to gain confidence in upcoming changes. The foundation noted that Mekong includes all EIPs for the Pectra hard fork and will not impact mainnet. Developers are welcome to provide feedback, focusing on UX changes. Share your thoughts in the comments.

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Bitcoin consolidated at $75,000 on November 7, while markets are preparing for another US macro event. BTC/USD pulled back slightly after reaching new all-time highs at $76,480 on Bitstamp. Popular trader Skew noted that strong spot flows are pushing the price to new highs, and the return of underlying demand is evident in the market. Volatility is expected after the Federal Reserve’s interest rate decision. Analysts predict that BTC could reach $100,000. Do you think this rally will continue? Share your thoughts in the comments.

The Avalanche Foundation has completed the buyback of 1.97 million AVAX tokens from Luna Foundation Guard (LFG). This transaction includes the buyback of tokens previously acquired by LFG in support of the Terra blockchain ecosystem.

Avalanche had stated that it would purchase these tokens for $45.5 million, but at the time of writing, the AVAX token was trading at around $26.95, making the current market value of the tokens around $53 million.

This buyback is considered an important step in supporting the sustainability of the Avalanche ecosystem. Share your thoughts in the comments.

Spot Ether exchange-traded funds in the US saw their highest inflows in six weeks as crypto markets surged following the presidential election. Nine new spot Ether ETFs saw net inflows totaling $52.3 million on November 6. BlackRock’s iShares Ethereum Trust (ETHA) saw zero inflows, while Fidelity Ethereum Fund (FETH) saw $26.9 million and Grayscale Ethereum Mini Trust (ETH) saw $25.4 million. However, total net inflows are still negative $490 million. We welcome your comments: What will the future of Ether ETFs look like?

Ether has gained nearly 25% since the start of 2024, but analysts argue that it is still undervalued and poised for a significant rally after Bitcoin surpassed its all-time high this week. Since November 6, Ether has gained 9.66% to $2,846, breaking above $2,800 for the first time since August. The ETH/BTC ratio has increased 5.36% since November 5, reaching 0.038. Analysts believe that the ratio may have bottomed if it breaks above the simple moving average. Do you think Ether will continue to rise? Share your thoughts in the comments.

This article is not about blockchain, business or technology news.