HashBeat Crypto Digest - November 22, 2024

📜 Shanghai Court Legalizes Crypto Ownership
A Shanghai court has clarified that personal ownership of cryptocurrencies does not violate Chinese law. This provides much-needed legal assurance for crypto holders in mainland China.

📈 Crypto Market Update
The crypto market is surging.
BTC Dominance: 58.86%
Market Cap: $3.32T
BTC: $98,760.84 (+2.16%)
ETH: $3,368.73 (+8.53%)
BNB: $636.78 (+5.32%)
SOL: $262.68 (+10.43%)
INJ: $25.32 (+8.62%)
TON: $5.54 (+4.23%)
SUI: $3.6 (+2.99%)

💼 Trump’s Crypto Advisory Council
Ripple, Kraken, Circle, and others are vying for a spot on President-elect Trump’s Crypto Advisory Council, which will:
- Advise on digital asset policy.
- Help establish Trump’s Bitcoin reserve.
- Coordinate with the SEC, CFTC, and Treasury.

⏳ FTX User Reimbursement Timeline
FTX aims to begin reimbursing users by March 2025, as its restructuring progresses.

🏦 Mastercard and JPMorgan Go Blockchain
The two financial giants have launched a blockchain-based solution for forex markets, integrating Mastercard’s Multi-Token Network (MTN) with JPMorgan’s Kinexys platform.

💬 Trump Media Eyes Crypto Payments
Trump Media is exploring crypto payment solutions, as evidenced by a trademark application filed this week.

📊 Crypto Trading Volume Peaks
Daily crypto trading volumes hit a 12-month high.
USDT volume: Nearly twice BTC’s and 4x ETH’s.

🛠 SOL-ETF Talks Progress
The SEC is reportedly making progress with issuers filing for spot SOL ETFs, with S-1 applications under review.

🪙 BTC Surpassed $99,000
Santiment: Social media buzz about BTC is surging, but skepticism prevails. Experts note that mixed sentiment increases the likelihood of continued growth.

📈 Marathon Digital Doubles Down
Marathon Digital announced another $1B convertible bond offering to purchase BTC, solidifying its HODL strategy.

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HashBeat Crypto Digest - November 23, 2024

🌐 SUI Partners with Franklin Templeton
SUI has entered a strategic partnership with Franklin Templeton Digital Assets, marking a significant step for its ecosystem.

📜 Blockchain Association’s Letter to Trump
The Blockchain Association has submitted a letter to President-elect Trump and Congress, outlining crypto priorities for the first 100 days:
- Establish a regulatory framework for cryptocurrency.
- End de-banking of crypto companies.
- Appoint a new SEC Chair and repeal SAB 121.
- Appoint new leadership for the Treasury and IRS.
- Create a crypto advisory committee to work with Congress and regulators.

📈 Market Update
The crypto market continues to grow.
BTC Dominance: 58.04%
Market Cap: $3.37T
BTC: $98,535.08 (-0.12%)
ETH: $3,345.73 (+0.37%)
BNB: $644.69 (+3.54%)
SOL: $259.21 (+0.42%)
INJ: $27.9 (+13.68%)
TON: $5.53 (+0.69%)
SUI: $3.55 (+0.68%)

💹 CBOE to Launch Bitcoin Options
CBOE will debut cash-settled index options linked to Bitcoin's spot price on Monday, December 2.

🪙 Spot ETF Flows Surge
Spot ETF flows on November 22:
BTC-ETF: +$490.35M
ETH-ETF: +$91.21M

🛠 Marathon Digital Buys 5771 BTC
Marathon Digital announced the purchase of 5771 BTC at an average price of $95,554.
Total Holdings: 33,875 BTC (~$3.4B).

📜 Zentry Introduces Whitepaper
Zentry has released its whitepaper, sparking interest in its ecosystem.

📈 Bitcoin Rally Outlook
Experts suggest Bitcoin still has room to rally as greed hasn’t reached extreme levels. If history repeats, the cycle’s peak may occur in October 2025, with a projected range yet to be determined.

💸 Tether Continues Printing
Tether minted another 1B USDT, reflecting ongoing market demand.

📢 Upcoming Zircuit (ZRC) Listings
Bybit, Bitget, and HashKey will list Zircuit (ZRC) on November 25, 10:00 UTC.

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HashBeat Crypto Digest - November 24, 2024

📢 Bitget Launches MAJOR Pre-Deposit Program
Bitget has initiated a pre-deposit program for MAJOR tokens.
Users selecting Bitget as their withdrawal exchange can receive between 5 to 100 MAJOR tokens, distributed randomly.

📈 Crypto Market Overview
The crypto market continues to show growth.
BTC Dominance: 57.20%
Market Cap: $3.40T
BTC: $98,079.99 (-0.43%)
ETH: $3,421.50 (+2.13%)
BNB: $659.50 (+2.07%)
SOL: $257.53 (-1.69%)
INJ: $28.56 (+0.19%)
TON: $6.47 (+15.95%)
SUI: $3.50 (-2.28%)

🪙 Tether Mints Additional 2 Billion USDT
Tether has minted an additional 2 billion USDT, reinforcing its position as a leading stablecoin provider.

📉 WBTC/USDT Flash Crash on Binance
On November 23, the WBTC/USDT trading pair on Binance experienced a flash crash, dropping to 5,209 USDT before quickly recovering.

🌐 TON Foundation Announces U.S. Market Entry
The President of TON Foundation announced plans to enter the U.S. market, coinciding with the resignation of the SEC chair.

🌍 Coinbase Eyes Expansion into Kenya
Coinbase is exploring opportunities to establish a presence in Kenya, recognizing the rapid adoption of cryptocurrency in East Africa.

💰 Crypto PACs Contribute Over $245 Million in 2024 Elections
Cryptocurrency-related Political Action Committees and affiliated groups have contributed over $245 million to the 2024 election cycle, accounting for nearly half of all corporate contributions.

🚀 Top Crypto Coins to Watch in 2024
Analysts highlight Qubetics, AAVE, Ripple, and Cronos as standout projects offering unique features and promising returns in 2024.

🤖 Grayscale Launches AI-Focused Crypto Fund
Grayscale Investments has introduced an AI-focused crypto fund, aiming to capitalize on the intersection of artificial intelligence and blockchain technology.

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HashBeat Crypto Digest - November 26, 2024

🍞 BakerySwap Unveils Next-Gen Products
BakerySwap has announced the launch of:
1️⃣ Multi-chain Swap & Aggregator
2️⃣ Multi-chain “PumpFun”
3️⃣ MemeFi Staking & Earning

📈 Binance Futures Adds New Perpetual Contracts
Binance Futures launched 1000WHYUSDT and 1000CHEEMSUSDT perpetual contracts with up to 75x leverage.

🪙 Zircuit (ZRC) Listings
Zircuit (ZRC) is now listed on Bybit, MEXC, Gate.io, and KuCoin.
Current Price: $0.06
FDV: ~$600M

🌐 SynFutures Introduces SynFutures Foundation and F Token
Total Supply: 10,000,000,000 F
Community Allocation: 28.5%
Airdrop Allocation: 7.5%
Listing details to be announced soon.

📉 Crypto Market Overview
The market shows mixed signals.
BTC Dominance: 56.92%
Market Cap: $3.29T
BTC: $94,690.16 (-2.92%)
ETH: $3,446.50 (+3.07%)
BNB: $644.09 (-1.56%)
SOL: $238.30 (-4.9%)
INJ: $27.60 (+0.57%)
TON: $6.23 (+2.4%)
SUI: $3.24 (-2.62%)
ZRO: $4.37 (+0.18%)

📹 Pump․Fun Removes Live Streaming
Pump․Fun has disabled its live-streaming feature, promising to reintroduce it once their moderation infrastructure is ready.

💹 Spot ETF Flows
BTC-ETF: -$438.38M
ETH-ETF: +$2.83M

🤖 OpenAI Funds AI Morality Research
OpenAI is backing research at Duke University to develop algorithms that predict human moral judgments, under the project titled “AI Morality Study.”

🛡 Fragment Enforces KYC for Marketplace Purchases
Telegram’s Fragment marketplace now requires mandatory KYC for purchases, including anonymous numbers. This follows TON Foundation's announcement about entering the U.S. market.

🐶 Dogecoin Foundation Seeks Funding
Dogecoin Foundation is raising funds to expand its ecosystem and fuel 2025 network development plans.

📊 Market Observations from CryptoQuant
Historically, BTC bounces back when short-term investors sell at a loss. However, current data shows short-term holders are still selling at a profit, suggesting different market dynamics.

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HashBeat Crypto Digest - November 27, 2024

🌪 Tornado Cash Sanctions Overturned
A U.S. Federal Appeals Court has overturned sanctions against Tornado Cash, ruling that its smart contracts cannot be blocked as they do not belong to any sanctioned entity.

📊 CryptoQuant Highlights Lack of Retail FOMO
CryptoQuant reports no large-scale FOMO from retail investors in the current BTC cycle, signaling a potentially calmer market phase.

📉 BTC Price Correlation with Global M2 Money Supply
Since September 2023, BTC's price movement has mirrored changes in global M2 money supply with a 70-day lag, indicating a potential correction ahead, according to Bogdanoff Market Research.

📈 Bitwise Files for BTC-ETH Mixed ETF
Bitwise has filed for a mixed BTC-ETH ETF, planning to list on NYSE.

🇩🇪 German MP Calls for BTC Strategy
German MP Joana Cotar emphasized the need for a national BTC strategy, noting past successes when Germany sold confiscated BTC before a 50% price surge.

⚖️ CFTC Likely to Regulate Crypto Under Trump
Reports suggest that under Trump, the CFTC might assume primary responsibility for digital asset regulation, replacing the SEC.

🪙 Bithumb Lists BB and SKL
Bithumb has added BB and SKL to its trading platform, expanding its token offerings.

🎉 WalletConnect Launches Airdrop
WalletConnect announced its first WCT token airdrop, allocating 50 million tokens to community members.

📊 Spot ETF Flows
BTC-ETF: -$122.78M
ETH-ETF: +$40.67M

📉 Crypto Market Overview
The market is trending downwards.
BTC Dominance: 57%
Market Cap: $3.22T
BTC: $92,739.14 (-1.44%)
ETH: $3,361.78 (-1.77%)
BNB: $616.76 (-3.74%)
SOL: $231.89 (-1.8%)
INJ: $29.78 (+9.6%)
TON: $6.19 (+0.52%)
SUI: $3.32 (+3.26%)
ZRO: $4.35 (+0.44%)

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HashBeat Crypto Digest - November 28, 2024

🚨 XT.COM Hack Suspected
The crypto exchange XT.COM has reportedly been hacked, resulting in a suspension of all withdrawals. Stay tuned for updates.

📊 Uniswap Sets Record Monthly Trading Volume on L2
Uniswap achieves its highest-ever monthly trading volume on Layer 2, driven by a surge in DeFi demand.

🔄 Side Protocol Cancels Token Launch
Side Protocol has decided to halt its token launch on Fjord. Refunds for all participants are guaranteed.

🔐 GOAT Founder Secures Funds
The founder of Terminal of Truths (GOAT) is transferring all funds into a globally distributed multisig wallet for enhanced security.

🪙 Chinese Company SOS to Purchase Bitcoin
Publicly traded Chinese firm SOS has announced plans to acquire up to $50 million worth of Bitcoin, showcasing increasing institutional adoption.

📈 21Shares Introduces New Crypto Products
21Shares launches new products targeting:
- Oracles (PYTH)
- Tokenization (ONDO)
- Decentralized Computing (RNDR)
- Artificial Intelligence (NEAR)

📉 Spot ETF Flows
BTC-ETF: +$103.09M
ETH-ETF: +$90.1M

📜 SEC Files for Bitwise 10 Crypto Index ETF
The proposed ETF includes a diverse mix of top cryptocurrencies:
BTC, ETH, SOL, XRP, ADA, AVAX, LINK, BCH, UNI, and DOT.

📈 Crypto Market Overview
The market shows signs of recovery.
BTC Dominance: 56.54%
Market Cap: $3.34T
BTC: $95,502.69 (+2.98%)
ETH: $3,592.83 (+6.59%)
BNB: $651.98 (+5.52%)
SOL: $240.21 (+3.42%)
INJ: $29.33 (-1.22%)
TON: $6.33 (+2%)
SUI: $3.49 (+4.15%)
ZRO: $4.73 (+7.6%)
EIGEN: $3.76 (+12.77%)

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HashBeat Crypto Digest - November 29, 2024

📢 Binance to Delist Select Perpetual Contracts
Binance Futures will delist the following USDⓈ-M perpetual contracts on December 9, 2024:
XEMUSDT
ORBSUSDT
LOOMUSDT

📊 Crypto Market Overview
The market shows signs of recovery amid corrections.
BTC Dominance: 56.56%
Market Cap: $3.38T
BTC: $96,587.31 (+0.92%)
ETH: $3,588.50 (-0.31%)
BNB: $658.47 (+1.11%)
SOL: $241.95 (+0.69%)
INJ: $29.70 (+1.21%)
TON: $6.37 (+0.79%)
SUI: $3.44 (-1.21%)
ZRO: $4.65 (-1.6%)
EIGEN: $3.61 (-3.58%)

🌉 TON Teleport BTC Testnet Announced
TON Teleport BTC whitepaper has been unveiled, detailing a decentralized, trustless bridge for transferring Bitcoin between BTC and TON blockchains.
Testnet Timeline: Until 2025
Mainnet Transition: Expected in Q2 2025

🪙 Stacks Reveals sBTC Launch Details
Phase 1: Mainnet launches with BTC deposits and capped rewards.
- Est. Launch: December 16, 2024
Phase 2: Unlocks BTC withdrawals.
- Timeline: 6-8 weeks after Phase 1
Phase 3: Decentralization and optimization.

📈 Boyaa Interactive Swaps ETH for BTC
Hong Kong-based Boyaa Interactive converted 14,200 ETH into 515 BTC ($50M), showcasing long-term confidence in Bitcoin.

💹 Record-Breaking Bitcoin ETF Inflows
U.S. Bitcoin ETFs saw a record $6.2B inflow in November, surpassing the previous high of $6B. Optimism around Trump’s administration fueled the rally.

🤖 ChatGPT Analyzes Token Market Potential
ChatGPT now provides real-time market cap potential analysis for crypto tokens, enhancing trading strategies.

📈 ETH Rally Accelerates
CryptoQuant reports ETH funding rates signal growing optimism, with potential for sustained growth.

🌍 Cardano Founder Predicts Bitcoin DeFi Growth
Cardano’s founder forecasts BTC DeFi dominance within the next three years, citing its growing ecosystem.

📊 Traders Shift Focus to DeFi Tokens
DeFi tokens gain popularity among traders, while meme coins experience consolidation, according to The Block data.

🪙 BTC Undervalued with Growth Potential
CryptoQuant's Profit and Loss Index suggests BTC remains undervalued, indicating room for further price growth.

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HashBeat Crypto Digest - December 3, 2024

🖨 Tether Prints Another $1 Billion USDT
Tether continues its USDT spree, minting an additional $1 billion. This raises questions about liquidity prep and market stabilization.

🏦 U.S. Government Moves 10,000 BTC
The U.S. government has transferred 10,000 BTC to 21 new addresses. Speculation arises about a potential OTC sale or plans to sell in smaller portions.

🐹 CryptoQuant CEO’s Unconventional Altseason Prediction
The upcoming altseason could be unlike anything we've seen before. Liquidity is thin, and Bitcoin is carving out its own ecosystem with ETFs, funds, and institutional adoption, distancing itself from altcoins.

📊 Crypto Market Overview
The market stays neutral with BTC dominance at 54.09%:
BTC: $96,090.62 (-0.12%)
ETH: $3,645.33 (-0.71%)
SOL: $228.12 (-0.05%)
BNB: $652.15 (+0.65%)
INJ: $32.33 (+5.79%)
TON: $6.63 (+0.17%)
XRP: $2.76 (+13.67%)

🚀 Spot ETF Flow
BTC-ETF: +$353.67M
ETH-ETF: +$24.23M

💻 Santiment Tracks Growth in XRP, SHIB, BAND
Significant network activity surges observed in XRP, SHIB, and BAND. Analysts note potential for further growth.

📈 BTC To-The-Moon Indicators Trigger
SOPR indicators signal a potential Bitcoin rally within the next 1-2 months, based on historical patterns. Data from CryptoQuant suggests a bullish phase is approaching.

🌕 Altcoin Rally Without Euphoria?
Despite strong growth in XRP, XLM, and ADA, FOMO remains absent in the altcoin space. Santiment highlights this as a positive sign for a sustained rally.

📢 New Listings
Bithumb will list #ORDER, adding more diversity to its trading pairs.

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HashBeat Crypto Digest - December 6, 2024

📉 BTC and ETH Options Expiration
Deribit hosts nano expirations on BTC and ETH options totaling $2.9 billion:
BTC Key Strike Zone: $96,000
ETH Key Strike Zone: $3,450

💥 $1B Liquidations in BTC Futures
Nearly 190,000 traders were liquidated in BTC futures within 12 hours, totaling $1 billion in losses — data from Coinglass.

📈 BTC to $125K Prediction
Analysts at 10xResearch project Bitcoin may reach $125,000 by the end of the year.

🌟 Sol Strategies Eyes Nasdaq Listing
Sol Strategies (#HODL) applies for a Nasdaq listing to expand support for the Solana (SOL) ecosystem and increase market influence.

🐋 Ethereum Whale Moves $234M ETH
An ETH whale transferred 60,078 ETH (worth $234.5M) to Bitfinex. This early investor bought 87,084 ETH at $154 each in 2019, with a potential profit of $221M from the sale.

📊 Spot ETF Flows Surge
BTC-ETF: +$766.66M
ETH-ETF: +$428.44M

📉 Crypto Market Overview
BTC: $97,440.01 (-5.61%)
ETH: $3,879 (+0.89%)
SOL: $240.67 (+2.63%)
BNB: $726.8 (+0.94%)
INJ: $33.35 (+6.52%)
TON: $6.91 (+2.02%)
SUI: $4.3 (+12.23%)

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HashBeat WeekEnd Deep Dive: Dogecoin – The Meme That Became a Movement 🐕

🚀 A Joke Turned Juggernaut
Dogecoin started as a lighthearted parody in 2013, combining cryptocurrency with the viral "Doge" meme featuring a Shiba Inu. Created by Billy Markus and Jackson Palmer, it was meant to poke fun at the crypto world. Fast forward to today, and Dogecoin is a heavyweight in the market, with a $63 billion market cap and a community like no other.

📈 The Numbers Speak
- Initial Supply: Unlimited (Yes, Dogecoin has no hard cap on supply).
- Circulation: Over 140 billion DOGE.
- Block Time: 1 minute (faster than Bitcoin's 10 minutes).
- Current Market Position: The largest memecoin and a serious contender among altcoins.

💪 Pros
- Lightning-Fast Transactions: Dogecoin’s block time is among the quickest in the market, making it ideal for tipping and small transactions.
- Massive Community Support: DOGE isn’t just a coin; it’s a culture. From Reddit tipping to viral campaigns, the Doge Army is one of the most active in crypto.
- Low Transaction Fees: Moving DOGE is cost-effective, making it accessible for everyone.
- Big Names in the Mix: Elon Musk’s tweets have often driven DOGE’s price rallies, and companies like Tesla even accept it for merchandise.

🛑 Cons
- Inflationary Supply: With no hard cap, Dogecoin adds 5 billion DOGE to circulation annually, limiting its scarcity appeal.
- Meme-Driven Volatility: While its meme origins drive popularity, it also makes DOGE prone to speculative bubbles and unpredictable price swings.
- Limited Use Case: Beyond tipping and payments, Dogecoin lacks the utility that fuels projects like Ethereum or Solana.
- Centralization Concerns: A handful of wallets hold a disproportionate amount of DOGE, raising questions about decentralization.

🌍 DOGE Beyond the Meme
Dogecoin has evolved into more than a joke. It’s supported humanitarian causes, from funding the Jamaican Bobsled Team to helping build water wells in Kenya. It’s become a symbol of what’s possible when internet culture and decentralized finance collide.

🔮 The Future of Dogecoin
Dogecoin’s path forward will likely depend on:
Increased Utility: Integrating Dogecoin into more payment systems or DeFi protocols could solidify its relevance.
Community Projects: The Doge Army’s creativity continues to propel DOGE into new spaces.
Adoption by Big Players: More businesses and platforms adopting Dogecoin for payments will enhance its legitimacy.

🤔 Is DOGE for You?
Dogecoin is fun, fast, and backed by one of the most enthusiastic communities in crypto. But it’s important to remember its roots as a meme. DOGE might not be the most stable investment, but its cultural significance and potential to surprise make it an intriguing asset to watch.

🐕 The Final Woof
Dogecoin has defied expectations at every turn. Whether it’s Elon Musk calling it the “people’s crypto” or fans rallying to take it to the moon, DOGE is proof that sometimes, a joke can be worth billions.

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