Crypto Update

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🚨 BREAKING: FTX sues Binance and ex-CEO CZ aiming to claw back $1.8B over allegedly fraudulent transfers from Sam Bankman-Fried’s 2021 buyout…

☄️$80K BTC price chases gold — 5 Things to know in Bitcoin this week 🤔 Bitcoin brings the heat to risk assets as rapid new all-time highs spark widely varied BTC price targets. BTC price surge delivers nearly $82,000 to start the week😎. 📮 Macroeconomic data releases continue to come thick and fast as United States Presidential Election fever gives way to the ongoing inflation narrative. 😭 After months of frustration, Bitcoin traders are finally seeing BTC/USD catch up with gold. 📈 BTC price gains may be impressive, but in percentage terms, there is still a long way to go before November 2024 matches historical average gains. Aww Bitcoin traders diverge over future BTC price trend Having nearly reached $82,000, Bitcoin is starting the week with bang as BTC price discovery takes hold. Data from Cointelegraph Markets Pro and TradingView s hows new all-time highs of $81,888 hitting on Bitstamp after the weekly close. #Share @cryptoopdate

📊Snowden calls for decentralization, criticizes VC influence on Solana 📯 Edward Snowden highlighted the importance of decentralization, sharing concerns about AI-driven surveillance and the influence of venture capitalists on blockchain. 🧑‍⚖️ Edward Snowden, the privacy advocate and former National Security Agency (NSA) contractor, addressed decentralization during his appearance at Near’s Redacted conference in Bangkok, Thailand. Speaking on topics like cryptocurrencies, artificial intelligence and blockchain technology, Snowden also addressed the impact of venture capital (VC) on blockchain projects, using Solana as an example. He described Solana as “born in prison” due to its heavy VC funding, suggesting that financial backing can impede a blockchain network’s ability to operate independently. While he acknowledged Solana’s rapid growth, Snowden expressed concerns that too much ownership has been ceded to investors, though he noted Solana could “become something” in the future. #Share @cryptoopdate

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BREAKING: Bitcoin reaches new all-time high of $80,000 @cryptoopdate

Eth $3028 🥰🚀🚀⚡️

🇺🇸 ETF FLOWS: Around 8,970 $BTC and 21,600 $ETH were bought on Nov. 6 BTC ETFs saw $621.9M in net inflows. 🚀🚀 ETH ETFs saw $52.3M in net inflows.🚀🚀

TRUMP, MAGA, and other Trump-themed tokens crash after election day Donald Trump-themed meme coins TRUMP, MAGA, TREMP, and STRUMP have tanked, with their total market capitalization down over 21% on the day, after Trump secured a victory in the U.S. election…

🚨 Grand finale of altcoin reckoning’ soon, warns crypto trader 📛 Altcoins could be in for more pain before any gains are seen, according to a crypto trader, who predicted that a final “altcoin reckoning” is due to occur. “It looks like the grand finale of the altcoin reckoning has finally arrived,” commented ITC Crypto founder Benjamin Cowen in a post on X on Nov. 4. He added that this altcoin reckoning should be over by December 2024 or the second week of January 2025 at the latest. “It has been a long journey, and many gave up along the way, but this process was always going to play out,” he said. The prediction is based on a final flush-out for altcoin markets, which occurred during the bear market of 2019, and the altcoin market capitalization chart is currently showing a similar pattern. 🚧 Altcoins showed a gradual recovery in 2020 before surging to fresh highs in 2021. According to the analyst, this scenario is likely to play out in 2025.  @cryptoopdate

🇺🇸 Donald Trump says: "Bitcoin is not threatening the dollar, the behavior of the current US government is really threatening the dollar." Should I buy more Btc tomorrow with 10x leverage 😂🤔 @cryptoopdate

📮 21Shares files S-1 for spot XRP ETF 21Shares has filed documents for an XRP-based fund amid skepticism toward crypto ETF demand outside Bitcoin products…