November 4, 2024

Chinese E-commerce Giant Alibaba Downsizing Metaverse Unit to Streamline Operations: Report

In line with a broader trend among major tech firms, Chinese e-commerce behemoth Alibaba is downsizing its metaverse operations. The restructuring, which aims to improve efficiency, led to layoffs in Yuanjing, Alibaba’s metaverse unit, as the company recalibrates its focus in this sector. Downsizing Metaverse Unit According to the report by South China Morning Post,...
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Binance Co-Founder Clarifies Asset Listing Policies, Dispels FUD

Binance co-founder Yi He has spoken to recent speculation about listing fees on the platform, assuring the community that it operates with transparent policies. The address came in response to allegations by Moonrock Capital CEO Simon Dedic of costly listing fees on Binance. Binance Accused of Charging Exorbitant Fees for Crypto Listing On October 31,...
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Litecoin’s (LTC) Make or Break Moment, Insights From On-Chain Data

The volatility across the cryptocurrency landscape has skyrocketed ahead of the U.S. election. Amid this, Litecoin (LTC) has reached a make-or-break level that could potentially lead to the liquidation of millions of dollars in traders’ positions. Litecoin (LTC) Technical Analysis and Upcoming Level According to expert technical analysis, Litcoin (LTC) is trading within a bullish...
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Bitcoin Poised for $100K, Trump Win May Be Short-Term Catalyst, Says Analyst

Bitcoin (BTC) could be gearing up for a historic $100,000 pump, and, according to crypto analysts, the upcoming U.S. presidential election may yet play a key role. According to experts, the cryptocurrency may achieve this price milestone regardless of who wins. However, they suggest a Trump victory could serve as a short-term catalyst, boosting its...
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Gavin Wood Signals Next Steps for Polkadot’s Revolutionary JAM Protocol at sub0 Reset

[PRESS RELEASE – London, UK, November 4th, 2024] WebZero has announced the full agenda for its conference sub0 reset, inviting developers, investors and innovators to join Polkadot founder Dr Gavin Wood, along with industry leaders from Parity and the Web3 Foundation, to work on building JAM, a new paradigm paving the way forward for writing...
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Financial Nihilism Fuels Meme Coin Frenzy as Traditional Finance Loses Appeal: Binance

Meme coins aren’t just speculative assets. They have slowly started representing a symbolic rebellion against established financial norms, aligning with the demographic and ideological shifts shaping modern markets, as highlighted by Binance Research’s latest report. Since 2022, the collective market cap of meme coins, measured as a share of Total 3 (the crypto market excluding...
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Bitcoin Mining Becomes More Competitive as Hashrate Reaches New ATH: CryptoQuant

With BTC’s value nearing its all-time high of $73,700 a few days ago, Bitcoiners seemed poised to see a new price high for their favorite crypto asset. Even Bitcoin miners are not left out in the anticipation. A CryptoQuant report confirms that the network’s mining difficulty and hash rate have unlocked new heights. This record...
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Bitget Launches Female-Centric Pitching Competition during DevCon 24′ with Access Up to $100K Funding Opportunities

[PRESS RELEASE – Victoria, Seychelles, November 4th, 2024] Bitget, the leading cryptocurrency exchange and Web3 company, has launched “Pitch n Slay,” a special initiative under its Blockchain4Her program organized to provide exposure for female entrepreneurs in the blockchain space. Building on Bitget’s larger $10 million Blockchain4Her project, the program extends targeted support to promising women-led...
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Election Euphoria Sparks $2.2 Billion Inflows, With Bitcoin as the Sole Beneficiary

The excitement surrounding a potential Republican victory spurred $2.2 billion in weekly inflows, pushing year-to-date inflows to a whopping $29.2 billion. This increase, along with rising prices, propelled assets under management past $100 billion. Interestingly, this level was last seen in early June 2024, when AuM hit $102 billion. As a result, the trading volume...
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Maplestory Universe Announces Second Pioneer Test Date With Exclusive Events And In-game Rewards

[PRESS RELEASE – Abu Dhabi, UAE, November 4th, 2024] The 2nd Pioneer Test Begins November 20, Running for 10 Days to Ensure Ecosystem Stability Exclusive Events Offer In-Game Rewards Equivalent to 5 Million NXPC The 1st Pioneer Test Achieved 82% Retention Rate and 195,000+ Transactions in 10 Days NEXPACE, an innovative blockchain company, has officially...
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Peanut the Squirrel (PNUT) Meme Coin’s Market Cap Surged to $130M Following Musk’s Post

PNUT, a Solana-based meme coin, has witnessed an astronomical surge in trading activity, with its market cap skyrocketing to over $120 million less than three days after its launch. The meme coin was inspired by Peanut the Squirrel, a social media-famous pet squirrel that was recently confiscated and euthanized by the New York State Department...
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Bitcoin Whales Buy the Dip as BTC Slips Below $70k

Over the weekend, bitcoin’s value slumped from over $71,000 to a depth of $67,700. This price drop paved the way for some whales to acquire the leading cryptocurrency. According to on-chain data that the blockchain analytics platform Lookonchain shared via X, five whales bought 2,780 BTC (worth $192.4 million) since November 1st. Whales Accumulate BTC...
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Deribit and SignalPlus Launch $200,000 Winter Trading Competition

[PRESS RELEASE – Panama City, Panama, November 4th, 2024] Deribit, the world’s premier Bitcoin and Ethereum options exchange, in partnership with SignalPlus, a leading options trading dashboard and analytics hub, is excited to unveil the second edition of the Winter Trading Competition 2024. This year’s competition offers participants a $200,000 USDC prize pool, along with...
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3 Things That Will Move Crypto Markets in Volatile Week Ahead

Crypto markets have retreated over the weekend following a Bitcoin-powered rally last week, and more volatility is expected in the next several days. The US presidential election on Tuesday will cause short-term volatility as a Trump win is likely to be positive for crypto, while a Harris victory will have the opposite effect. In addition...
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Bitcoin (BTC) $ 68,044.23 1.55%
Ethereum (ETH) $ 2,411.60 2.57%
Tether (USDT) $ 0.999969 0.11%
BNB (BNB) $ 554.71 1.37%
Solana (SOL) $ 158.90 2.96%
USDC (USDC) $ 1.00 0.08%
XRP (XRP) $ 0.505546 0.23%
Dogecoin (DOGE) $ 0.162637 6.34%
Lido Staked Ether (STETH) $ 2,412.29 2.55%
TRON (TRX) $ 0.162711 1.44%