Here is a summary of the top crypto news stories for today, November 25, 2023:
Bitcoin Eyes $40K After Breaching $38K for First Time Since May 2022: Bitcoin (BTC) is eyeing a potential surge to $40,000 after breaching the $38,000 level for the first time since May 2022. The cryptocurrency's latest price surge comes amid growing optimism surrounding the potential approval of a bitcoin exchange-traded fund (ETF).
Bitcoin Sender Struck With $3.1M Transaction Fee, Largest in History: A Bitcoin sender was recently hit with a massive $3.1 million transaction fee, the largest in history. The exorbitant fee was reportedly due to the sender attempting to prioritize their transaction during a period of network congestion.
Bitcoin Supply Inactive for a Year Hits Record High of 70%: The percentage of Bitcoin's supply that has remained inactive for at least a year has reached a record high of 70%. This suggests that a significant portion of Bitcoin's circulating supply is being held long-term, potentially indicating a bullish sentiment among investors.
Bitcoin's Anti-Censorship Ethos Surfaces After Mining Pool F2Pool Acknowledges 'Filter': Bitcoin's decentralized nature and resistance to censorship have once again come into focus following a recent statement from mining pool F2Pool. F2Pool acknowledged the existence of a "filter" that blocks certain transactions from being processed, but emphasized that the filter is not enforced and is only used for monitoring purposes.
Wintermute Asia Processes Its First Options Block Trade Through CME Group: Wintermute Asia has successfully executed its first options block trade through CME Group, marking a significant milestone for cryptocurrency derivatives trading. The trade involved the purchase of 500 call options on Bitcoin futures, demonstrating the growing institutional interest in cryptocurrency derivatives.
These are just a few of the top crypto news stories for today. For more in-depth coverage, please visit CoinDesk, Crypto World, or Yahoo Finance.
