November 9, 2024

Crypto Fundraising Soars to $1.76B in October, Highest Since November 2023

The total amount raised in the crypto industry during October 2024 saw a significant increase of 96% month-over-month, reaching $1.76 billion. According to Messari’s latest report, this represents the highest level of fundraising activity since November 2023. 282 Crypto Deals in October The report shows that the deal count in October increased by 25% compared...
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Jack Dorsey’s Block to Focus More on Bitcoin Mining Instead of TIDAL Investments

Jack Dorsey’s payments and blockchain infrastructure company, Block Inc., is shifting its focus to develop new tools for Bitcoin miners and enhance its self-custody crypto wallet. According to the latest shareholder letter, the firm plans to reduce its investment in TIDAL, Jay-Z’s former music streaming platform, while also winding down TBD, its Bitcoin-focused unit that...
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Gort Contributes Token Supply to ai16z to Drive AI-Enhanced Engagement in the Meme Economy

[PRESS RELEASE – New York, Ny, November 9th, 2024] In a strategic move to enhance AI-driven innovation within the meme economy, Gort, a prominent meme cryptocurrency on the Solana blockchain, has donated a portion of its token supply to ai16z. This collaboration aims to develop advanced AI products that will elevate engagement, creativity, and monetization...
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WonderFi CEO Kidnapped and Freed After Paying $720K Ransom: Report

The CEO of WonderFi, a prominent Canadian cryptocurrency holding company, was reportedly hijacked during rush hour in Toronto and later released after paying a ransom of a million Canadian dollars, or about $720,000. Dean Skurka was forced into a vehicle by assailants on Wednesday but was released unharmed after the money was paid. Skurka Reassures...
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Crypto Derivatives Market Sentiment Turns Bullish Following US Election Conclusion: Report

Within a few days after the conclusion of the United States presidential elections, investor sentiment in the crypto derivatives market has changed, revealing a major shift towards bullishness and a huge appetite for leveraged long positions. According to a crypto derivatives analytics report by the leading digital asset trading platform Bybit, in partnership with the...
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Here’s the Aftermath for Bitcoin, Gold, Stocks After Donald Trump’s Victory

On November 6, the Republican presidential nominee, Donald Trump, won the United States elections, becoming the country’s 47th president. His victory triggered all forms of reaction across several financial assets as market participants rejoiced or expressed disappointment in the election outcome. A tweet by on-chain analytics firm Santiment has revealed that the crypto and equities...
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BlackRock’s Bitcoin ETF AUM Surpasses Gold Counterparty in Just 10 Months

The spot Bitcoin ETFs have had a particularly strong year and BlackRock’s IBIT has been at the forefront for most of the inflows. This week was particularly positive for the largest BTC ETF as it broke its own record on November 7 – the day after the US election results came out – and attracted...
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Dogwifhat (WIF) Breakout, Key Levels Signaling a Major Rally

Dogwifhat (WIF), the leading meme coin on Solana, now shows potential for an upward rally as it has formed a bullish price action pattern on the four-hour time frame. It has been nearly three days since significant upward momentum has been observed across most cryptocurrencies. Meanwhile, WIF has remained stable with no major price fluctuations....
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Bitcoin (BTC) $ 97,606.15 4.45%
Ethereum (ETH) $ 3,145.98 0.52%
Tether (USDT) $ 1.00 0.01%
Solana (SOL) $ 242.95 2.07%
BNB (BNB) $ 612.73 0.30%
XRP (XRP) $ 1.13 1.76%
Dogecoin (DOGE) $ 0.386272 1.85%
USDC (USDC) $ 1.00 0.19%
Lido Staked Ether (STETH) $ 3,141.40 0.39%
Cardano (ADA) $ 0.783663 6.54%