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🔹Latest Crypto News, Updates, Analysis and Deeper Insights in the whole Crypto space. 🔹No subscription fee🔊 @CryptoWorldNews @CryptoWorldICOs @CryptoWorldAnalysis Admin of the Channel: @AdamCWN ✔️
😱 #BTC rally masks bleaker picture in the crypto world. bloomberg
▪️ Hedge fund investments in crypto startups dropped sharply in Q3 2024, down 20% from the previous quarter;
▪️ Declining demand for once-popular assets has led to layoffs at companies like #DYDX, Kraken, and ConsenSys;
▪️ Coinbase’s Q3 earnings report on Wednesday disappointed, causing a 15% plunge in its stock price on Thursday;
▪️ Many blockchains promoted as Bitcoin alternatives have failed to gain traction;
▪️ The #NFT and #Web3 gaming sectors have been in decline for two years;
▪️ Regulatory uncertainty could drive up costs for major U.S. crypto exchanges, according to Re7 Capital.
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📊🤔 #XRP C.Q.: Changed dynamics in XRPL Transaction Type
The increase in OfferCreate transactions suggests a rise in trading activity, reflecting a growing interest in utilizing the platform's capability to issue new assets & adopt DEX features.
📈 The market capitalization of stablecoins increased by $650 million in October.
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📊 #XRP C.Q.: At the beginning of the year, ~88% of transactions were payment transactions, while only 12% were OfferCreate transactions. These numbers have now balanced out to 50% for each type. The increase in OfferCreate transactions suggests an increase in trading activity, interest in using the platform’s capabilities to issue new assets and implement DEX functions.
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🕵️♂️ Commission wallet pump .fun transferred 90,000 #SOL (~$14.97 million) to Kraken. Since October 1, he transferred 237,500 SOL (~$38.98 million) to Kraken.
The wallet currently contains 272,400 SOL (~$45.36 million)
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🕵️♂️🐳 Whale again sold 2019 #BTC ($141.5 million) after BTC price fell today.
Кит sold в общей сложности 5506 BTC (366,9 млн $) с 1 октября и в настоящее время держит 4980 BTC (345,5 млн $).
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⚖️ #NFT The developer of MAYC Mutant Ape Planet has been released from prison due to the inability to determine the real losses of the buyer. Bloomberg
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🇦🇷🏦 #BTC The Bank of Argentina has become the first financial institution to launch a cryptocurrency mining exhibition.
The Central Bank building housed a working mining farm and transparent spheres filled with torn Argentine peso bills.
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🔝 Top Gainers in October 2024
In October, memes demonstrated the strongest performance across all categories
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🇨🇳📱 #CBDC Huawei has integrated the digital yuan into its HarmonyOS NEXT operating system. cointelegraph
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👨⚖️👀 #TORN The upcoming criminal trial of Roman Storm, the developer of Tornado Cash, has been postponed to April instead of the previously planned start date in December. coindesk
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🔎 #ETH Ethereum #DeFi Ecosystem Overview
Ethereum #DeFi ecosystem has shown significant growth, reaching a total TVL of $100.8B, up 8.83% in the last 30 days. Leading the ecosystem are Lido ($24.7B), Aave ($19.8B), and EigenLayer ($11.5B).
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🇺🇸👀 #macro After the release of employment data, the likelihood is that the Fed will cut interest rates by 25 bps. in November, increased to 99.7%.
Bloomberg: The underlying labor market continues to cool. The pace of U.S. hiring in October was the slowest since 2020, and the unemployment rate remained low.
NY Times: The unclear employment data will not influence the Fed to change its current policy. Federal Reserve officials are expected to cut rates by a quarter of a percentage point next week.
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🔝 Top 10 GameFi Projects by Market Capitalization #IMX #FLOKI #BEAM
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🇺🇸👀 Crypto #ETF Flows Today:
#BTC-ETFs:
NetFlow: +1,115 BTC (+$77.62M) 🟢
Blackrock inflows 4,528 BTC ($315.17M) and currently holds 433,713 BTC ($30.19B);
#ETH-ETFs:
NetFlow: +19,064 ETH (+$47.83M) 🟢
Blackrock inflows 19,691 ETH ($49.4M) and currently holds 466,275 ETH ($1.17B).
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💰 Wallet 4Jpef, who bought 1.5% of the #GOAT supply after the token's launch, currently has ~$7.4 million in unrealized gains.
He also received 104k #DADDY from a wallet containing 1.4% of the DADDY supply. These tokens were also purchased within 2 hours of the launch of DADDY.
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🇺🇸🏦 The Federal Deposit Insurance Corporation (FDIC), a key regulator overseeing banks and financial institutions in the United States, has recommended banks stop providing cryptocurrency services >20 times. #regulation bitcoinworld
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FYI: 💰 Capital Gains Tax on Selling #Bitcoin (Country-Wise)
🇯🇵 Japan - 45%
🇩🇰 Denmark - 42%
🇮🇳 India - 30%
🇺🇸 United States - 15-20%
🇬🇧 UK - 10-20%
🇩🇪 Germany - 0%
🇸🇻 El Salvador - 0%
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🔝 Top 13 #DeFi tokens by price performance over the last month #CVP #WELL #INST
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📈 #USDC USDC circulation has increased by ~300 million over the past 7 days.
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🇺🇸🥶 IRS: Frozen cryptocurrency rewards are taxable even if the accounts are frozen and holders cannot access their funds. news.bitcoin
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🪙 Bloomberg analyst says spot #Bitcoin ETFs have had "extreme" inflows the last 13 days 🚀
Bitcoin is "digital gold and store of value."
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📊 1,013,120 addresses hold more than 1 #BTC. Interestingly, this number has decreased from 1,024,437 since the start of the year
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🥳👀 #FTT US government demands return of $13 million in political donations from former FTX executives theblock.com
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📈👀 #PYUSD on Solana has surged to a $331 million circulating market cap, a 341% increase. The overall stablecoin market cap grew by 23%.
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📈👀 #USDC monthly transaction volume on #BASE set a new record for the 6th month in a row.
With $450B+ USDC transaction volume, USDC on Base handled over 20% of all stablecoin transaction volume in the month of October.
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🤔 #BTC CNBC: Investors are stocking up on Bitcoin ahead of the US presidential election.
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🇺🇸🧐 #USDT Tether has gained traction in European, Middle Eastern and African time zones, a study suggests, as the purported dollar surrogate reportedly comes under greater US scrutiny. bloomberg
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📊👀 #BTC #ETH C.Q.: Recently, the strongest buying pressure since last September has appeared in Binance futures market… The same pattern is emerging not only in Bitcoin but also in Ethereum.
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🕵️⛏️ Miners sent over 2700 #BTC right at the local top today. There were several long liquidations thanks to miners.
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