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Coin Bureau Insider

🔥 Rally Report 🔥

PEANUT THE SQUIRREL

The price of PNUT has rallied by 237% in the past 24 hours.

WHY?!

‼️ The rally comes after crypto exchange Binance announced the listing of PNUT

📈 The meme rose to prominence after the death of internet sensation Peanut the Squirrel ignited a social media uproar, capturing the attention of many including Elon Musk.

If you want to buy or trade PNUT, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!

🔗 https://www.coinbureau.com/deals/trading/blofin-cb/

Looking for a Blofin guide?! 👇

🔍 https://www.coinbureau.com/review/blofin-review/

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If you think the upside is cooling down, Mariano from Coin Bureau Trading has news for you! Don't miss Mariano's alpha-filled new video on Coin Bureau Trading 👇

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🚨New Video Alert!!🚨

Chainlink is crypto’s largest oracle, but Pyth Network is crypto’s fastest growing oracle. This has left everyone wondering which of the two is better, and whether LINK or PYTH has more potential.

Today we do a deep dive into this touchy topic, comparing and contrasting these cutting edge crypto projects against 5 key metrics. At the end, we tell you which one we think is best.

Make no mistake, both Chainlink and Pyth Network will grow substantially during the next crypto bull market, and PYTH and LINK will both hit all time highs. It all boils down to a question of preference.

Enjoy!

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🔥 Rally Report 🔥

DOGECOIN

The price of DOGE has rallied by 46% in the past 24 hours.

WHY?!

📈 Part of a broader market rally that follows BTC’s new all-time high, especially for memecoins.

‼️ Much of DOGE’s price action can be attributed to two factors. The first is ‘Dogefather’ Elon Musk’s expected involvement in the upcoming Trump administration. The second is the hype and expectation among DOGE hodlers for the token to hit the $1 price mark.

If you want to buy or trade DOGE, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!

🔗 https://www.coinbureau.com/deals/trading/blofin-cb/

Looking for a Blofin guide?! 👇

🔍 https://www.coinbureau.com/review/blofin-review/

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🚨WE’RE GOING LIVE🚨

Bitcoin's All-time High & what comes next, BitcoinOS connects to Cardano, ICP bridge making waves, Trump's Victory and more!

Join Guy and Nic on Coin Bureau Live as they dive into this week's hottest crypto topics! Don't miss it! 👇

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Coin Bureau Insider

🔥 Rally Report 🔥

DOGWIFHAT

The price of WIF has rallied by 22% in the past 24 hours.

WHY?!

☄️ Part of a broader market rally that follows BTC’s recent all-time high, especially for memecoins.

The memecoin rally is also boosted by Binance’s recent announcement about listing two new memecoins that came to prominence during the recent U.S. presidential election. The announcement has fuelled further speculation about a potential memecoin supercycle.

If you want to buy or trade WIF, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!

🔗 https://www.coinbureau.com/deals/trading/blofin-cb/

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🔍 https://www.coinbureau.com/review/blofin-review/

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🚨 New Video Alert from Aaron at Coin Bureau Trading! 🚨

Positioning Yourself for WEALTH this Bull Run is LIVE!

The bull run is heating up, and Aaron just dropped some serious insights on how to prepare yourself to make the most of it.

Whether you're a seasoned trader or just getting started, this video is a must-watch to ensure you're ready to capitalize on what's coming. 🚀

👉 Don't miss out—head over to Coin Bureau Trading on YouTube now and equip yourself with the knowledge to ride this wave to success!

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Nic sat down with Adeniyi Abiodun, Co-founder of Mysten labs (developer behind SUI). This new L1 on the block has been crushing it in 2024 and doesn't seem to be slowing down.

Don't miss this exclusive interview filled with alpha from the source of the so-called Solana killer.

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Coin Bureau Insider

🚨 New Video Alert!! 🚨

It’s time for a new roundup on the State of Crypto, courtesy of a new report from a16z, one of Silicon Valley’s most prestigious VCs.

Yes, this is the same a16z founded by Marc Andreessen, the guy who recently turned an AI agent into a memecoin millionaire. These guys are not to be faded!

In today’s video: how stablecoin issuers are flipping nation states; which chains are winning the race for adoption and TVL; how many active crypto users there are in the world today - and much more alpha besides. See you at the like button!

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Coin Bureau Insider

🔥 Rally Report 🔥

CARDANO

The price of ADA has rallied by 32% in the past 24 hours.

WHY?!

📈 The rally follows rumours that Cardano founder Charles Hoskinson could be part of the Trump administration in 2025.

🧐 Notably, the rumours originate from a recent video in which Hoskinson revealed he is setting up a policy office within his company to support cryptocurrency policy development in the United States. However, it does not mention Hoskinson receiving any formal invitation from the upcoming Trump administration to join a crypto policy department.

If you want to buy or trade ADA, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!

🔗 https://www.coinbureau.com/deals/trading/blofin-cb/

Looking for a Blofin guide?! 👇

🔍 https://www.coinbureau.com/review/blofin-review/

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https://youtu.be/uWs-DKJGoV0?si=8HHtqQTxSG_UiABa

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🔔 MARKET MOVING NEWS! (09/11/24)

1️⃣ Ethereum Foundation's Treasury Shrunk 39% Over 2.5 Years to $970M 🧐

The Ethereum Foundation’s recently released financial report reveals that it had $970.2 million in its treasury as of Oct.31. Notably, that’s a 39% decrease from the $1.6 billion it held on March 31, 2022. The foundation reportedly spent $105.4 million in 2022 and $134.9 million last year. The latest disclosure comes after many community members pushed the foundation to be more transparent about its financial holdings.

The reports show that 81.3% of the foundation's treasury is held in crypto, with almost all of that held in ETH. It stated,

We choose to hold the majority of our treasury in ETH. The EF believes in Ethereum’s potential, and our ETH holdings represent that long term perspective. At the same time, the goal of the EF’s treasury is to fund important public goods for the Ethereum ecosystem for years into the future. To achieve this goal we must follow a conservative treasury management policy that ensures we have sufficient resources even in the case of a multi-year market downturn.


Source

2️⃣ Tether Enters The Oil Market By Funding A $45 Million Trade 💰

Stablecoin issuer Tether has officially entered the commodities market. Tether disclosed that its investment division financed a $45 million crude oil transaction between a major oil company and a commodity trader.

The company stated,

This transaction marks Tether Investments’ first crude oil transaction in the region and highlights the company’s expanding role in global commodities trading.


Source

3️⃣ North Korean Hacker BlueNoroff Targets Crypto Firms With New Malware ‼️

Infamous North Korean hacker group BlueNoroff is reportedly targeting crypto firms through a new malware that attacks MacOS computers. According to a report from SentinelLabs, the malware operation nicknamed “Hidden Risk” is spread through PDF files in multiple stages. The threat actors use fake news headlines and legitimate crypto market research to lure in unsuspecting individuals and companies. The malware package provides hackers a backdoor to remotely access the victim’s computer to steal sensitive information, including private keys for digital asset wallets and platforms.

Source

4️⃣ FTX Tries To Reclaim $11M From Crypto.com-Controlled Alameda Account

Alameda Research reportedly seeks to recover more than $11 million in debtor assets held in a Crypto.com account since 2022. According to Alameda, the firm opened an account under the name Ka Yu Tin before FTX declared bankruptcy in 2022. Crypto.com allegedly locked this account once FTX filed for Chapter 11. The filing also claims that the exchange has since “refused to cooperate with the Debtors’ requests and continues wrongfully to withhold the Debtors’ property.”

Source

5️⃣ Polymarket Said To Tease Token Launch, Stating 'We Predict Future Drops' 🔍

Prediction market platform Polymarket is reportedly teasing users with a token airdrop. An image obtained by The Block purportedly shown to some traders encouraged them to reinvest their winnings on Polymarket for boosted future rewards and drops.

The image read,

We predict future drops. Users who reinvest their winnings into other markets may be eligible for boosted future rewards and drops.


Source

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Coin Bureau Insider

📣📣 MARKET MOVING NEWS! (08/11/24)

1️⃣ Robinhood Attorney and Others Being Considered For SEC Chair Shortlist ▶️

According to a Reuters report, Robinhood’s chief legal, compliance, and corporate affairs officer Dan Gallagher is being considered for Chair of the U.S. Securities and Exchange Commission. Notably, Gallagher used to serve as a Republican SEC commissioner from 2011 to 2015. Also on the list for SEC chair is Paul Atkins, another former Republican SEC commissioner and CEO of consultancy Patomak Global Partners and Robert Stebbins, a partner at law firm Willkie Farr & Gallagher.

Source

2️⃣ Detroit Will Become The Largest US City To Accept Crypto To Pay Taxes And Fees ‼️

According to an announcement from Detroit’s Office of the Treasury, residents of the city will soon be able to pay their taxes and other city fees with crypto through PayPal. This will make Detroit the largest city in the United States to accept cryptocurrency payments. The crypto payments option is expected to become available in mid-2025.

Mayor Mike Duggan stated,

Detroit is building a technology-friendly environment that empowers residents and entrepreneurs. We are excited to be one of the first major U.S. cities to explore blockchain civic applications and allow residents to use their cryptocurrency as a payment option.


Source

3️⃣ Just Four Entities Account For Nearly All The Votes To Keep MakerDAO's Rebranding To Sky 🐳

A governance proposal to rebrand DeFi lending and borrowing protocol Sky back to Maker was reportedly rejected in a vote dominated by a handful of whales. According to Sky’s polling metrics, the proposal was rejected with 80% of votes against it. However, nearly all of the negative vote share came from only four entities while one whale pledged almost all of the MKR tokens for the other option to restore the Maker brand.

Source

4️⃣ Former Binance CEO Changpeng Zhao Received Offers For His Controlling Stake in Company 🔍

According to a Bloomberg report, former Binance CEO Changpeng ‘CZ’ Zhao received offers to sell his controlling stake in the exchange. He did not disclose from whom or for how much. However, he hinted at the possibility that he may sell the equity sometime in the future.

He stated,

I’m not saying that I’m going to hold onto the equity forever or not. I’m happy to review every offer, but so far I haven’t done anything. But, you know, I’m just a regular shareholder at this point.


Source

5️⃣ WonderFi CEO Kidnapped, Held For $1M Ransom Before Being Released ▶️

According to local media reports, WonderFi CEO Dean Skurka was kidnapped and held for ransom in downtown Toronto during rush hour on Wednesday. For context, WonderFi is a publicly listed crypto holding company that owns one of Canada's largest crypto exchanges. Skurka was reportedly released unharmed after he paid a ransom of 1 million Canadian Dollars ($720,660). In a publicly released statement, Skurka assured users of the exchange that "client funds and data remain safe, and were not impacted by this incident."

Source

6️⃣ DEGEN L3 Can't Switch 'Rollup-As-A-Service' Providers From Firm Holding Its Keys

In a blog post published Thursday, the founders of the Degen layer 3 network disclosed they’ve been embroiled in a dispute with third-party infrastructure provider Conduit since August over access to their own blockchain. Specifically, the team claims that Conduit refuses to hand over the rollup keys or even upgrade the chain. They also claimed that Conduit allegedly pushed out an unannounced software upgrade in May that caused a 54-hour period of downtime that cost Degen users $160,000 in lost funds.

Source

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https://youtu.be/FqW7TlAY9t0?si=DWXsyAhcVI4e7bTp

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🔔 MARKET MOVING NEWS! (07/11/24)

1️⃣ Avalanche Buys Back $53M Of AVAX Tokens From Terra’s LFG 💰

The Avalanche Foundation has reportedly completed the repurchase of 1.97 million AVAX tokens from the now-defunct Luna Foundation Guard (LFG). Avalanche Foundation claimed that the token buyback is an “important step” in its efforts to support the sustainability of the Avalanche ecosystem.

Source

2️⃣ FTX Co-Founder Gary Wang Seeks To Avoid Prison Time Ahead Of Sentencing 🔒

Lawyers representing FTX co-founder Gary Wang have reportedly asked a United States federal judge to give him no jail time. They highlighted the former executive's cooperation with authorities and stated that he did not know the extent of the exchange's crimes. Wang is set to be sentenced in a New York court on Nov. 20. They also highlighted that Wang was expecting the birth of his son later this month and that a custodial sentence would leave both his wife and soon-to-be-born son without their primary source of financial support.

Source

3️⃣ Polymarket Resolves Presidential Election Contract ⚡️

Crypto prediction market platform Polymarket has finally resolved its Presidential election contract — after seeing over $3.6 billion worth of volume. The market was resolved a few hours after the Associated Press and NBC called the election for Donald Trump. On-chain data shows that a French financial services professional named Theo was the largest winner with a profit of over $47.5 million across the Presidential election contract, the popular vote contract, and various swing state markets.

Source

4️⃣ US Votes in 'Most Pro-Crypto Congress Ever' as Senate Flips Republican ▶️

The Republican Party has secured majority control of the United States Senate. At the time of writing, data from Stand With Crypto (a crypto advocacy group launched by Coinbase) shows that 17 pro-crypto candidates won seats in the Senate compared to 12 anti-crypto candidates. Similarly, 261 pro-crypto candidates won seats in the House of Representatives compared to 116 anti-crypto members. This offers a promising outlook for cryptocurrency regulations in the U.S.

Source

5️⃣ Polymarket Faces Potential Ban in France After Raking in $3.5B from US Election 🔍

According to French news outlet The Big Whale, France's National Gaming Authority is preparing to ban Polymarket for French users. A source close to the authority reportedly told the publication that event contracts are akin to betting activities which are not legal in France. Notably, the regulator’s scrutiny follows the recent profits made by the mysterious French trader who made a bet of more than $30 million on a Donald Trump victory.

Source

6️⃣ Blackrock’s Spot Bitcoin ETF Sees Record-Breaking $4 Billion Traded On Election Day 📈

BlackRock’s iShares Bitcoin Trust (IBIT) reportedly recorded its largest daily trading volume of $4.1 billion on Wednesday evening. Bloomberg Senior ETF Analyst Eric Balchunas noted that this was more than the volume seen by stocks like Berkshire, Netflix or Visa on the same day. He also highlighted that IBIT experienced $1 billion in trading volume in the first 20 minutes of trading on the day following Trump’s win. Other spot BTC ETFs also saw considerable daily trading volumes totalling $6 billion - the largest daily volume since March 14.

Source

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https://youtu.be/GZ2WxL7iDcY

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https://youtu.be/6NbKhN2RKsI?si=HhQylZerSm5-Jye5

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🔔 MARKET MOVING NEWS! (12/11/24)

1️⃣ MicroStrategy Buys $2B In Bitcoin, Boosts Holdings To $23B 💸

Business intelligence firm MicroStrategy has reportedly bought another 27,200 BTC for almost $2 billion at an average price of $74,463 per BTC, including fees and expenses. The firm now holds a total of 279,420 BTC, with each BTC purchased at an average price of $42,692. This means the firm has spent a total of $11.9 billion on the cryptocurrency. At the time of writing, the value of its BTC holdings stand at roughly $24 billion, which is more than double its investment. MicroStrategy also disclosed that its BTC yield was 7.3% from Oct. 1 to Nov. 10. This brings its year-to-date BTC yield to 26.4%. For context, a firm’s BTC yield acts as a key performance metric assessing its Bitcoin acquisition strategy.

Source

2️⃣ Bitcoin Flips Silver Again, Becomes Eighth Largest Asset by Market Cap 🔼

Bitcoin's market capitalisation reached $1.75 trillion on Monday evening. It overtook silver to secure its position as the world's eighth-largest asset. This comes as BTC breached the $89,000 price mark following strong institutional demand and sustained interest in spot Bitcoin ETF in recent weeks. This also marks the second time BTC has flipped silver this year.

Source

3️⃣ Lending Protocol Delta Prime Suffers Second Exploit In Two Months ‼️

According to multiple crypto security and research firms, DeFi lending platform Delta Prime has suffered its second exploit in two months. Nearly $5 million worth of crypto assets is estimated to have been drained from Delta implementations on the Avalanche and Arbitrum blockchains. The company announced that it was pausing the protocol due to the attack on the Saving pools. Crypto security firm Fuzzland claimed the unidentified hacker exploited a “code logic error” that allowed them to drain funds from Delta Prime’s “claimRewards” contract used to pay out tokens to platform users. The protocol’s first exploit, which was in mid-September, affected only Delta’s deployment on Arbitrum. Security researchers have noted that the two attacks do not appear connected as one relied on a stolen private key while the recent event used a publicly accessible bug.

Source

4️⃣ Blur Proposal Suggests Adding Trading Fees and Eliminating Creator Fee Guarantees

Liquid token hedge fund Split Capital has reportedly submitted a governance proposal asking the NFT marketplace Blur to adopt a new fee structure of 0.5% on trading while eliminating the enforcement of a 0.5% creator royalty. It also proposed the creation of a fee council that can change the protocol fee rate to be able to “make quick adjustments based on market circumstances and the competitive landscape." The governance proposal appears to have resulted in the marketplace's BLUR token pumping over 15%.

Source

5️⃣ Former Alameda Co-CEO Sam Trabucco Agrees to Forfeit $70M, Yacht, Apartments To FTX Creditors 💰

Sam Trabucco, the former co-CEO of Alameda Research, has reportedly agreed to hand over two luxury apartments (collectively worth $8.7 million) and a 53-foot yacht (worth $2.5 million) to creditors of the failed crypto exchange FTX. He has also agreed to hand FTX’s debtors all rights to the $70 million worth of claims on FTX customer deposits made under his name. However, the deal between Trabucco and the FTX estate is not final. It needs to be approved by a federal judge in Delaware during a hearing on December 12. If the settlement is approved, then Trabucco would avoid any incoming suits from FTX’s debtors.

Source

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https://www.youtube.com/live/gNaduNX1f-Y

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🔔 MARKET MOVING NEWS! (11/11/24)

1️⃣ Crypto Greed Index Taps 7-Month High As Bitcoin Surges Past $81K 🔼

The Crypto Fear and Greed Index, which measures market sentiment for Bitcoin and other cryptocurrencies, scored 78 out of 100 on Nov 10. This brings it to the “Extreme Greed” zone and is its highest level of “greed” since April 12 when BTC was trading at around $70,000. The recent spike in greed has come as BTC crossed $81,000 – hitting a new all-time high.

Source

2️⃣ Mt. Gox-Linked Cold Wallet Moves Over $2 Billion Worth of Bitcoin to New Address: Arkham

According to data from Arkham Intelligence, a wallet marked “1FG2C…Rveoy” sent around 27,871 BTC ($2.24 billion) to a new wallet named “1Fhod…QLFRT,” and 2,500 BTC ($200 million) to Mt. Gox’s cold wallet on Sunday. The sender wallet had received the combined 30,371 BTC from the defunct crypto exchange Mt. Gox six days ago. While it is unclear whether yesterday’s transfer is part of Mt. Gox’s future distributions to creditors, such movements in the past have preceded repayments via centralised exchanges including Bitstamp and Kraken. Arkham also shows that Mt. Gox currently holds 44,378 BTC.

Source

3️⃣ OpenSea Users Drop Securities Suit After Marketplace Demands Arbitration 🧐

Two OpenSea users, who accused the NFT marketplace of selling unregistered securities, have reportedly filed a voluntary dismissal of their securities suit against the marketplace after a judge allowed the firm to demand arbitration. OpenSea has argued in an October filing that the users agreed to its terms of use that say an arbitrator would resolve all claims, including if the claims should be arbitrated in the first place.

Source

4️⃣ Stacks Founder Muneeb Ali Eyes Early December For sBTC Upgrade Launch 💸

Muneeb Ali, the co-creator of Bitcoin scaling network Stacks, has hinted that the network's next major upgrade is on the horizon. Specifically, he noted in an X post that the network's upcoming sBTC token may be released as early as next month. Stacks claims sBTC is a solution to Bitcoin's "write problem," which is a necessity for DeFi applications. sBTC will reportedly "[enable] smart contracts to programmatically send sBTC to a BTC address, where it can peg it out as BTC.” In other words, sBTC will be a decentralised competitor to other forms of wrapped bitcoin such as wBTC and cbBTC, which are both offered by centralized custodians.

Source

5️⃣ Ethereum's ENS Identity System Set to Launch Own Layer-2 Blockchain ⚡️

ENS Labs, the company behind the Ethereum Name Service, has announced details of its new Ethereum layer 2 solution “Namechain.” The chain is expected to go live around the end of next year. It will reportedly leverage the infrastructure of an existing zero-knowledge chain compatible with the Ethereum Virtual Machine. The team is in the final stages of choosing which zkEVM it will use.

ENS Labs stated,

This technology allows Namechain to process and execute transactions off of the main Ethereum network while still inheriting the full security of Ethereum, but at a fraction of the cost.


Source

6️⃣ FTX Files $1.7 Billion Lawsuit Against Binance and Founder Changpeng Zhao 🔍

The FTX bankruptcy estate has reportedly initiated a lawsuit seeking to recover $1.8 billion against cryptocurrency exchange Binance. The plaintiffs argue that Binance, its former CEO Changpeng “CZ” Zhao and other Binance executives received at least $1.76 billion worth of cryptocurrency in a fraudulent transfer from FTX. The transaction in question was Binance’s July 2021 repurchase deal with FTX co-founder Sam Bankman-Fried.

The filing claimed this transaction was conducted fraudulently as FTX's sister company Alameda was already insolvent and unable to fund the transaction. It cited testimony from former Alameda CEO Caroline Ellison, who said Alameda used $1 billion of FTX’s capital from depositors to fund the repurchase.

Source

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https://youtu.be/PYvo2zQiG1k?si=MK4S4P9HGsEYVC2F

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https://youtu.be/PnxU3nmyjRg?feature=shared

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https://youtu.be/k1EYxCgrC8U?feature=shared

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🔔 MARKET MOVING NEWS! (10/11/24)

1️⃣ Ether Blows Past $3K, Builds Bullish Momentum After Trump's Election Win and Fed Rate Cut 📈

The price of ETH finally broke above the $3,000 threshold early Saturday for the first time since August 2. It rose by 23.39% this week, its biggest gain since May, outperforming BTC's 11.2% gain by a significant margin. This follows pro-crypto Donald Trump's victory in the U.S. election and the Fed rate cut earlier this week. Specifically, investors speculate that regulatory barriers for the digital assets industry will be broken down under the Trump administration.

Source

2️⃣ Crypto Mixer Bitcoin Fog Founder Receives 12.5-Year Prison Sentence 🔒

Bitcoin Fog founder Roman Sterlingov has reportedly been sentenced to 12.5 years in prison. For context, Bitcoin Fog is a decade-old cryptocurrency mixer that the United States government claims is a “go-to money laundering service for criminals.” Sterlingov was arrested by the FBI almost four years ago. In March this year, a jury convicted him on charges of money laundering, conspiracy to launder money, operating an unlicensed money-transmitting business, and transmitting money without a license. In addition to the prison sentence, Sterlingov must pay a “forfeiture money judgment” totalling $395,563,025.39. He is also required to forfeit seized crypto and funds worth approximately $1.76 million.

Source

3️⃣ FTX Sues Exploiter Who Filed Bankruptcy Claim, Scaramucci, Storybook Brawl Developers, And Others To Recoup Funds ‼️

The FTX bankruptcy estate has reportedly filed over 25 lawsuits that seek to claw back funds from various individuals who received funds from FTX. This includes Skybridge Capital CEO Anthony Scaramucci, the team behind StoryBook Brawl, an exploiter who siphoned hundreds of millions of dollars from FTX, and Deltec Bank chairman Jean Chalopin. The lawsuits claim that FTX's investments in the various cases, excluding the exploiter, were worthless or the amounts invested were disproportionate to the value gained.

Source

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Coin Bureau Insider

Next Week in Crypto: Key Events to Watch (Nov 11th - Nov 17th, 2024) 🗓

With the U.S. elections and Fed interest rate decision behind us, next week is shaping up to be another eventful one. From notable token unlocks to important U.S. economic developments, here’s what to keep on your radar:

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Token Unlocks:

🔐November 11  APT Token Unlock
   
Aptos (APT) will unlock 11.31 million tokens, worth approximately $113 million, representing 2.18% of its circulating supply.
   
🔐November 15  STRK Token Unlock
   
Starknet (STRK) will unlock 64.00 million tokens, worth approximately $27 million, representing 3.05% of its circulating supply.
   
🔐November 16  ARB Token Unlock
   
Arbitrum (ARB) will unlock 92.65 million tokens, worth approximately $56 million, representing 2.33% of its circulating supply.

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📊 Key U.S. Economic Data Releases & Events

- November 13 – Consumer Price Index (CPI)
- November 14 – Jerome Powell’s Speech
- November 15 – Retail Sales

🔍 The CPI release is arguably the most important data point of the week. With the Fed recently cutting rates by 25 basis points, markets are divided on the likelihood of another cut in December. If CPI shows a downtrend in inflation, a December cut could be on the table, which would likely be bullish for markets. However, if CPI remains sticky or rises, it’s likely that the Fed will hold interest rates steady, dampening risk-on sentiment.

🔍 Next up is Fed Chair Jerome Powell’s speech on November 14 at the "Global Perspectives" event. While not an official FOMC meeting, Powell's comments will be closely watched for signals on the Fed’s outlook regarding inflation, the job market, and consumer strength, which could either reinforce or weaken the case for a December rate cut.

🔍 Finally, the Retail Sales data on November 15 will shed light on consumer spending and the strength of the economy.  Strong retail sales can be seen as a source of additional inflationary pressures and a robust economy, which could be bearish for markets. Conversely, weaker sales may signal a slowdown, strengthening the case for easing monetary policy.

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That’s all for this week’s action! Be sure to keep an eye on these events, and we’ll be back with more updates in the next week’s roundup.

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🚨New Video Alert!!🚨

The US has over $35.8 trillion in debt. This is an insane number, and it’s a number that’s only going up. As a… not-so-fun bonus fact, the world has roughly $72.7 trillion in debt, meaning that the US alone accounts for almost half of the global debt level. Crazy stuff.

Naturally, this raises a few questions. Can the US repay its debt? More importantly, what happens if it can’t repay its debt, and goes into default? The answers to these questions are about as scary as you’d imagine. A US government debt default would not only cripple the US economy, but it would also send shockwaves around the entire global economy.

So, what can the US do to avoid going into default? Is there even a possibility that the US can get itself out of debt? Today, we aim to find out. We’ll tell you everything you need to know about the US debt pile, how it’s being maintained, and what would happen if the US defaults. This is a video you’ll want to watch ‘til the end.

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🔥 Rally Report 🔥

RAYDIUM

The price of RAY has rallied by 14% in the past 24 hours.

WHY?!

▶️ Coinbase has announced that it will support Raydium perpetual futures on Coinbase International Exchange and Coinbase Advanced.

‼️ The opening of RAY-PERP markets will begin on or after 9:30 am UTC on 14th Nov 2024.

If you want to buy or trade RAY, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!

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🔥 Rally Report 🔥

CRONOS

The price of CRO has rallied by 27% in the past 24 hours.

WHY?!

⚡️ Google Cloud renewed its partnership with Cronos Labs, now becoming the primary validator for the Cronos blockchain.

As the primary validator, Google Cloud is joining a pool of 32 validators on the Cronos Ethereum Virtual Machine (EVM) protocol. Other notable Cronos blockchain validators include Crypto.com, Blockdaemon, Ubisoft and Exaion.

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🚨New Video Alert!!🚨

Back in March, Ethereum had one of its biggest upgrades to date. Dencun (Ethereum’s most recent upgrade) was the most important hard fork since the historic Merge that took place in September 2022.

Ethereum’s next hard fork is Pectra, which is set to take place in Q1 2025, and it’s a big one. So big in fact that Ethereum developers have made the decision to split it in two. That’s because it was originally set to include over 20 Ethereum Improvement Proposals, or EIPs. For perspective, the Dencun upgrade had just 9 EIPs.

One of the biggest improvements is with wallets. As a fun bonus fact: the EIP that makes this change is EIP-7702, which replaces EIP-3074 (which had a similar intention, but there were a few flaws). Vitalik Buterin wrote the code for EIP-7702 in just 22 minutes. Crazy stuff.

Anyway, Pectra’s impact will not only improve the user experience (UX) of Ethereum, but it could be the very catalyst that ETH has been crying out for to hit new all time highs. Make no mistake, this could be incredibly bullish for ETH’s price. If you hold ETH, or are thinking of scooping some up, this is a video you’ll want to watch all the way through.

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🔥 Rally Report 🔥

ETHENA

The price of ENA has rallied by 30% in the past 24 hours.

WHY?!

The rally follows a recent governance proposal made by Wintermute.

💰 Specifically, the crypto market maker proposed enabling the periodic distribution of a portion of Ethena's protocol revenue to staked ENA (sENA) holders.

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