Crypto X

Ledger now supports the dYdX chain on Cosmos. https://www.ledger.com/blog/manage-stake-your-dydx-tokens-with-ledger-live

MultiversX announces that its next xLaunchpad project, Ta-da, adds 250 additional beta testing seats. Ta-da brings all its activity on-chain via xLaunchpad. Beta: https://beta.ta-da.io https://twitter.com/MultiversX/status/1729809941341351955

Reddit plans an IPO in the first quarter of 2024 at a $15 billion valuation. https://www.bloomberg.com/news/articles/2023-11-27/reddit-leads-class-of-2024-us-ipo-candidates-testing-the-water#xj4y7vzkg

The dYdX Chain progressed from its Beta Stage to full production trading on November 28th. Trading Rewards are active on the dYdX Chain. ~50,000 DYDX per day is available to be earned by traders on the dYdX Chain. Trading Rewards are now distributed immediately rather than needing to wait a month. The dYdX Launch Incentives Program, run by Chaos Labs, is live alongside Trading Rewards for the next six months, during which $20M of DYDX in incentives will be distributed. Launch Incentive Rewards are distributed based on a points system for using the dYdX Chain. https://dydx.exchange/blog/v4-full-trading

Galxe will make an important announcement on November 30. The GAL price has increased by 16% in 24 hours. https://twitter.com/Galxe/status/1729412355195551759

Bounce Finance has announced BSSB token launch details. Staking Auction Round https://app.bounce.finance/launchpad/-auction Date: 11/29/2023, 4:00 UTC ~ 11/30/2023, 4:00 UTC Total Supply: 6,300,000 BSSB Staking Asset: AUCTION Total Raise: $300,000 Guide: https://docs.bounce.finance/bounce-staking-auction-user-guide Fixed-Price Round https://app.bounce.finance/launchpad/bitstable Date: 11/29/2023, 4:00 UTC ~ 11/30/2023, 4:00 UTC Total Supply: 4,200,000 BSSB Total Raise: $200,000 Price of BSSB: 1 BSSB = 0.0000233 ETH Maximum Allocation Per Wallet: 1 ETH Guide: https://docs.bounce.finance/auction-user-guide/fixed-price-auction-guides/participate-in-a-fixed-price-auction https://bouncefinance.medium.com/bitstable-presents-the-bssb-token-launch-on-bounce-launchpad-7dcecea1a409

Binance will support the Polygon (MATIC) network upgrade and hard fork. This will take place at the Polygon block height of 50,523,000, or approximately on 2023-11-29. Deposits and withdrawals of token(s) on the aforementioned network will be suspended approximately starting from 2023-11-29 11:30 UTC. https://www.binance.com/en/support/announcement/binance-will-support-the-polygon-matic-network-upgrade-hard-fork-aa9384bbc2ca49ac9fd43be0dbf65f68

This Is What Happened Cryptocurrency World. SEC reported that their attempt to serve HEX founder in his lawsuit to appear in court has been unsuccessful. He is nowhere to be found. Former NYSE president Tom Farley  predicts major capital influx into crypto with Bitcoin ETF approval. Decentralized exchange protocol KyberSwap has recovered $4.67 million in funds ing a recent security attack. A hacking incident resulted in a loss of $47 million from Kyber’s concentrated liquidity pools last week. Hong Kong police started investigating crypto trading platform Hounax on Saturday after receiving reports from 131 people who claimed they had lost HK$120 million ($15.4 million) in an alleged scam. Cosmos co-founder Jae Kwon is forking the Cosmos Hub after a governance proposal was passed to place a 10% cap on Atom’s inflation. Kwon has planned a new token, ATOM1, which may be airdropped to those who voted against reducing the maximum inflation. Circle, issuer of the USDC stablecoin, partnered with Japanese securities and banking giant SBI Holdings to expand its presence in Japan.

KyberSwap team recovered a total of ~$5.7m after a $47m hack. The hacker got 10% as a bounty. https://x.com/KyberNetwork/status/1728800315955437743

Bounce Finance has introduced the launch of BitStable Protocol (BSSB) token. BitStable Protocol is the platform through which anyone from anywhere can generate the DAII stablecoin against bitcoin ecosystem collateral assets. Date: at 4:00 UTC on Nov 29th Total Supply: 21,000,000 BSSB Total Raise: $500,000 BSSB Token Launch on Bounce will be conducted in 2 rounds: 1. 60% for a Staking Auction (Stake AUCTION tokens to earn proportional BSSB allocations) 2. 40% for a Fixed Price Auction (1 BSSB = 0.0000233 ETH) https://x.com/bounce_finance/status/1728994515359310106

ImmutableX TVL rose 39% in a week to $215 million. https://l2beat.com/scaling/projects/immutablex

Polkadot will abandon its parachain auction system in the next six months and replace it with Agile Coretime or Bulk Coretime. Also in development is a bridge that will connect Ethereum, Polkadot and Kusama. https://www.youtube.com/watch?v=R8OCl3DGA7o

This Is What Happened Cryptocurrency World. Argentina President Javier Milei confirms he will shut down the Central Bank. The price of Bitcoin has significantly risen above $38,000 for the first time since April 2022. Former Binance CEO Changpeng Zhao’s legal defense team has requested the court to deny the prosecutors’ recent motion to keep him in the U.S. until February sentencing. Coinbase stock price rises to highest value since May 2022. The price of the NFT marketplace Blur’s native eponymous token has doubled in the last three days, ing its recent airdrop and getting listed on Binance. UK investment funds have been given the approval for tokenization, with the country’s government keen to leverage blockchain technology for the asset management industry, according to trade body The Investment Association.

LONG #AGLDUSDT from $0.9371 stop loss $0.9331 5m TF. The instrument is actively growing throughout today and is in a local uptrend with a preload of lows along the trend line. Also, volume spikes additionally indicate the interest of participants in the instrument. Behind the resistance level confirmed several times, I expect to see an accumulation of unrealized liquidity. To enter a trade, I want to see consolidation near the level and an increase in the speed of the tape of transactions in the glass before the movement.

Interesting situation: #GMTUSDT (spot) features a significant $1.8M order at a price of  0.3500. The large order is positioned 1.893% away from the spread.

Co-founder of Magic (TreasureDao) Karel Vuong said that they are currently building a gaming blockchain and plan to use the MAGIC token as a gas. It is very likely that the blockchain will be based on Arbitrum. https://twitter.com/karelvuong/status/1728242284251283955

Interesting situation: #WLDUSDT (spot) features a significant $1M order at a price of  2.700. The large order is positioned 1.390% away from the spread.

LooksRare has updated tokenomics and started burning LOOKS. 50% of fees from new initiatives, including YOLO and Raffles, now goes towards buying LOOKS out of the market. https://docs.looksrare.org/blog/the-big-looks-tokenomics-update