Crypto X

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

This Is What Happened Cryptocurrency World: Raiffeisen Bank, which has $215 billion in assets under management, is preparing to offer cryptocurrency trading services to its customers. FTX founder Sam Bankman-Fried is providing guards with cryptocurrency advice from his cell walls according to The Wall Street Journal. A Bitcoin user appears to have accidentally paid a transaction fee of over $3.1 million yesterday, setting a new record in U.S. dollar terms for a single Bitcoin transaction, more than six times the previous record of a $500,000 fee paid in September. Montenegro court approves extradition of Terra and LUNA founder Do Kwon. HEX founder and alleged fraudster Richard Heart, is hiding from the U.S SEC. Rumors he recently fled from Finland to Russia. Bitcoin Lightning wallet provider Wallet of Satoshi has removed its app from the U.S. Apple and Google app stores, with the firm clarifying that it “will not serve U.S. customers going forward.”

Bybit announced a new launchpad project - 5ire. Date: on November 28, 10:00 UTC https://t.me/Bybit_Announcements/2909

STEPN has presented its brand new MOOAR Genesis Sneakers. https://x.com/stepnofficial/status/1728049354324279588

This Is What Happened Cryptocurrency World: FTX Token (FTT) Jumps 20% ing the Binance-DOJ Settlement. Author Robert Kiyosaki advises investing in gold, silver, and Bitcoin as hyperinflation looms over America and the rest of the World. SEC Commissioner says “there’s no reason for us to stand in the way of a Spot Bitcoin ETF.” Big Four accounting firm KPMG’s Canadian arm has teamed up with blockchain data platform Chainalysis to help organizations combat rising crypto-related fraud. In a pioneering move, South Korea’s central bank, the Bank of Korea (BOK), has revealed its comprehensive plans for a pilot program. This is dedicated to its central bank digital currency (CBDC). This initiative will encompass the participation of 100,000 Korean citizens. UK Chancellor Jeremy Hunt has revealed plans for a cryptocurrency legislative initiative.

Bullish, the crypto exchange run by New York Stock Exchange President Tom Farley, bought 100% of CoinDesk in an all-cash deal. CoinDesk says former Wall Street Journal Editor in Chief Matt Murray will chair an independent editorial committee. https://www.wsj.com/finance/currencies/company-led-by-former-nyse-president-buys-crypto-news-site-coindesk-af3b5cc2

Blast, an EVM-compatible, optimistic rollup, has raised $20m from Paradigm, Standard Crypto, Andrew Kang, and others to build the L2. https://x.com/blast_l2/status/1726747087906464024

Republic will launch its tokenized investment fund Republic Note on the Avalanche blockchain. The security token aims to generate profits from a portfolio invested in more than 750 private assets. Although not deployed to mainnet yet, Republic Note's price is $0.36 with between 300 million and 350 million distributed during a pre-sale round. The total supply of Republic Note tokens will be 800 million. https://www.theblock.co/post/263371/republic-selects-avalanche-blockchain-for-its-investment-security-token

Justin Sun offered $10 million to the hackers who exploited Poloniex as a "white hat" reward. https://x.com/peckshield/status/1725768026660979116

This Is What Happened Cryptocurrency World. World’s third-largest pension fund, South Korea’s National Pension Service purchases $19.9 million worth of Coinbase shares. The U.S SEC has intensified its investigation into Elon Musk’s acquisition of Twitter. German law maker Joana Cotar, pushes for Bitcoin to become legal tender. HEX and PulseChain founder Richard Heart is apparently hiding from the SEC. He did not respond to SEC charges within deadline. Evmos developer Altiplanic is developing a mechanism for Cosmos tokens to be used as ERC-20 tokens on the Evmos blockchain. Neon EVM is working on letting users pay transaction fees with tokens other than the platform’s native token NEON. This feature is currently live on testnet and it’s scheduled to go live on Neon EVM’s devnet in the coming weeks, with mainnet support expected in the first quarter of 2024.

This Is What Happened Cryptocurrency World BlackRock files S-1 application for its Spot Ethereum ETF. IMF Managing Director says central bank digital currency (CBDC) can replace cash. A U.S. Judge rejects Binance US and SEC’s request for privacy in their legal case. Ripple Chief Legal Officer Says SEC Is Losing in Court. Binance to launch Thai exchange in joint venture with local energy giant. ARK Invest CEO Cathie Wood says Solana is even faster and more cost-effective than Ether. The class-action lawsuit filed against Tether and Bitfinex ran its course once and for all after the plaintiff decided against appealing a recent ruling, according to a statement published by the stablecoin issuer.

Solana denies ‘security threat’ to Saga phones following CertiK video showing them hacking the phone and withdrawing BTC from the wallet. https://blockworks.co/news/solana-saga-phone-vulnerability

This Is What Happened Cryptocurrency World : Germany’s Commerzbank Wins Crypto Custody License OpenSea NFT users report massive email phishing campaign BRICS Announces 155 Countries Sign Belt & Road Initiative With China For Trade Binance Japan to list 13 new tokens, including Near and Optimism JPMorgan, WisdomTree team up with Avalanche, Axelar, LayerZero on blockchain interoperability OKX joins forces with Komainu, CoinShares to boost security for segregated institutional crypto trading

Binance Research released an analytical article on crypto fundraises. ▫️Despite experiencing a downward trend in 2023, the market has shown resilience, maintaining a steady pace of deals and investments. A substantial share of this sustained growth can be attributed to gaming and infrastructure projects. ▫️As the traditional VC share increased to 45% since the start of the year, the gap between traditional and Web3 investors has gradually narrowed. Hack VC is at the forefront among traditional VCs, diversifying its investments across sectors such as gaming and infrastructure. ▫️For the last four quarters, infrastructure projects have been the leading recipients of funds, with a steady rise in total quarterly funding from 26% in Q4’22 to 44% in Q3’23. https://www.binance.com/en/research/analysis/data-insights-exploring-crypto-fundraises-3q2023

This Is What Happened Cryptocurrency World: A fake filing that was designed to look like BlackRock was setting the stage for an XRP ETF caused a temporary pump in the price of XRP. dYdX Chain’s beta mainnet stage has gone live, enabling active trading across more than 33 markets. Circle and the teams behind Noble and dYdX have partnered to augment USDC transfers from other networks to dYdX Chain. Reddit admins are set to fully renounce control over the moons contract by the end of this month and burn over 30% of its total supply, with the Reddit CryptoCurrency community token becoming “completely decentralized.” Crypto.com has obtained a Virtual Assets Service Provider license in Dubai to operate specific crypto activities. Fnality, the London-based blockchain payments firm, raised another $95 million in a round led by Goldman Sachs and BNP Paribas.

Animoca Brands has joined the Chiliz Chain as a new validator. https://chiliz.medium.com/chiliz-welcomes-animoca-brands-to-its-sportfi-ecosystem-b820e82070d8

CEO of Grayscale Michael Sonnenshein: “It's been a ten year dress rehearsal. We're ready for the main event”. https://twitter.com/Sonnenshein/status/1724043739918668139

This Is What Happened Cryptocurrency World. BlackRock questioned the SEC’s preference for the 1940 Act that oversees futures ETFs, and argued that it lacks relevancy to both crypto-spot and crypto-futures ETFs. Bitcoin Mining Revenue Hits Yearly High Amid ETF-Fuelled Rally. JPMorgan has gone live with programmable payments via JPM Coin. Robinhood to launch Bitcoin and crypto trading in the EU and UK. Tron founder Justin Sun’s crypto exchange Poloniex hacked for over $100 million. Coinbase launches KYC service on their Ethereum layer 2 chain Base.

Bounce Finance has introduced the launch of the Multibit Bridge native token (MUBI) via an ERC20 Public Sale on Bounce Launchpad. Date: Nov 12, 4:00 UTC ~ Nov 15, 6:00 UTC Amount of MUBI Offered: 387500000 MUBI Price: 1 MUBI = 0.00000022709 ETH Maximum Allocation per wallet: 2.5ETH Total Raise Value: 88 ETH MultiBit Bridge is the dual-sided bridge designed for cross-network transfers between BRC20 and ERC20 tokens. https://bouncefinance.medium.com/multibit-bridge-introduces-mubi-handshake-launch-on-bounce-launchpad-ecf6dcf7c6af