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Crypto trends DeFi NFT & More Owner : @Azukicollector
💰 US Bitcoin miners face delays as customs hold Bitmain shipments over sanctions concerns
US Bitcoin mining operations are facing significant delays after the Customs and Border Protection (CBP) agency held shipments of Bitmain Antminer devices at multiple ports of entry, Blockspace reported on Nov. 25. Several mining companies have reported waiting as long as two months for the equipment, with one company citing holding fees exceeding $200,000 for 200 units.
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💰 VanEck maintains $180,000 Bitcoin target as bull market gains steam
VanEck’s latest Bitcoin (BTC) report reaffirmed its cycle price target of $180,000, citing strong bullish indicators that align with the current market rally. The asset manager highlighted key metrics, including funding rates, Relative Unrealized Profit (RUP), and retail interest trends, as signals that the bull market is still in its early stages.
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💰 Bitcoin ETFs record over $1 billion inflow in 2 days as new price peak boosts investments
Bitcoin ETFs have attracted over $1 billion in inflows so far this week. Data from Nov. 18 shows total ETF inflows at $254.8 million, which surged to $816.4 million on Nov. 19. On Nov. 19, ARK’s ARKB led with inflows of $267.3 million, followed by Fidelity’s FBTC with $256.1 million and BlackRock’s IBIT with $216.1 million. These figures represent substantial increases from the previous day, where IBIT and FBTC recorded inflows of $89.3 million and $60 million, respectively.
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💰 Spot Bitcoin ETF options set to debut this week following OCC approval, analysts predict
The Office of the Comptroller of the Currency (OCC) stated in a Nov. 18 memo that it is “preparing for the clearance, settlement, and risk management” of options trading on BlackRock’s spot exchange-traded fund (ETF) iShares Bitcoin Trust (IBIT). Alison Hennessy, head of ETP listings at Nasdaq, said during an appearance on Bloomberg that the exchange intends to list and trade options on IBIT “as soon as tomorrow.”
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🇺🇸 Trump could put billions into US Bitcoin reserve without Congress approval
Bitcoin Magazine CEO David Bailey has suggested that President-elect Donald Trump could elevate Bitcoin to the status of a “strategic reserve asset” without requiring approval from Congress. In a Nov. 15 statement on X, Bailey suggested that the President could use executive authority to initiate a national Bitcoin reserve. According to unnamed experts he cited, this could be done independently, sidestepping the need for legislative backing.
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💰 Bitfinex hacker Ilya Lichtenstein sentenced to five years in prison for attempting to launder 120,000 bitcoin
Ilya "Dutch" Lichtenstein has been sentenced to five years in prison for his role in the 2016 hack of crypto exchange Bitfinex and subsequent money laundering, Bloomberg reported on Thursday. Lichtenstein had been charged with conspiracy to commit money laundering and conspiracy to defraud the United States, which carry maximum sentence of 20 and five years, respectively.
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💰 Bitcoin bull run could continue for 200 days before possible US recession – Report
Bitcoin’s current market cycle indicates a potential peak in about 200 days, coinciding with forecasts of a possible US recession by mid-2025. According to recent research from Copper.co, this alignment emerges as Bitcoin reaches day 554 of its cycle. Bitcoin’s market cycles average 756 days from the point when the annual average growth of its market capitalization turns positive until it hits a price peak.
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🇺🇸 Detroit will become the largest US city to accept crypto to pay taxes and fees
Detroit will become the largest city in the United States to accept cryptocurrency payments, city officials announced Thursday. Residents can pay taxes and other city fees using crypto through a secure platform managed by PayPal. “Detroit is building a technology-friendly environment that empowers residents and entrepreneurs," Mayor Mike Duggan said in a release. “We are excited to be one of the first major U.S. cities to explore blockchains civic applications and allow residents to use their cryptocurrency as a payment option.”
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💰 Bitcoin breaks new all-time high above $74,000 amid Trump's early lead on Election Day
Bitcoin's price has crossed the $73,737.94 mark to set a new all-time high, as the market processes Republican candidate Donald Trump’s early lead in the 2024 presidential election. Bitcoin has risen 9.5% over the past 24 hours to currently change hands at around $74,700, according to The Block’s price page.
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💰 German tradFi giants confirm trial to mine Bitcoin with surplus energy to stabilize grid
German telecom giant Deutsche Telekom has partnered with Germany’s oldest bank, Bankhaus Metzler, to launch a pilot project testing Bitcoin mining infrastructure powered by surplus renewable energy. The initiative aims to utilize excess electricity from renewable sources that would otherwise remain unused due to grid limitations or insufficient storage options.
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💰 Mt. Gox sends 500 bitcoin to two unmarked wallets: Arkham data
The Mt. Gox estate transferred 500 BTC ($35.04 million) to two unknown wallets on Friday, according to blockchain analytics firm Arkham. The defunct cryptocurrency exchange carried out the two transactions just before 1 a.m. UTC, sending 31.78 BTC to one address and 468.24 BTC to the other, marking the first transaction since the end of September, according to data from Arkham. Both wallets then made further transfers.
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💰 Bitcoin nears all-time high with stable metrics, signaling strength for further upside – K33 Research
Bitcoin (BTC) is not showing signs of frenzy, unlike March, which indicates room for further growth in price, according to K33 Research report published on Oct. 29. Despite the impressive over 8% gain over the past week, Bitcoin’s trading volumes remain subdued. Daily trade volume averages $2.6 billion, nearly half the levels observed in the year’s first quarter. The relatively quiet market activity suggests a healthy, gradual buildup rather than panic-driven buying.
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💰 Standard Chartered: Bitcoin Set to Hit $73K on US Election Day
Standard Chartered’s Global Head of Digital Assets Research, Geoff Kendrick, published a report last week outlining projected bitcoin price movements based on potential outcomes of the upcoming U.S. presidential election. The research provides detailed scenarios for how bitcoin could respond to different election results.
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💰 Bitcoin mining difficulty hits new all-time high amid record network hash rate
Bitcoin mining difficulty rose 3.9% on Tuesday to hit a fresh all-time high amid record seven-day moving average hash rate levels for the network. The difficulty adjustment came at block height 866,880, reaching a record of 95.7 trillion, according to blockchain explorer Mempool, breaching the prior peak of 92.7 trillion set in early September.
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💰 Coinbase, Hut 8 lead crypto stocks higher as bitcoin inches towards $70,000 level
Bitcoin is on pace for its best weekly performance in over a month, with the world's largest cryptocurrency inching closer to reclaiming the $70,000 level. For the week, the price of bitcoin is up about 9% and trading around $68,800 at time of writing. Ethereum follows closely behind with a gain of 8.3% over the same period while Solana is up 7.2%, according to The Block's price page. Those gains outpace the rise in traditional market indices like the S&P 500 and the Nasdaq, which are up less than 1% over the past five trading sessions.
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🪙 Ethereum onchain volume hits $7.13 billion amid November's market surge
Last Friday, Nov. 15, Ethereum’s daily onchain volume soared to $7.13 billion, marking the highest single-day volume of the year. This represents a 1% increase over the previous yearly high set in March, underscoring a resurgence in Ethereum’s network activity as the broader crypto market turns bullish.
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📣 DeFi, gaming will be ‘most positively affected’ by Trump: Sky Mavis
Blockchain gaming, along with decentralized finance (DeFi), will likely benefit most from Donald Trump’s presidency, said Jeffrey Zirlin, the co-founder of crypto gaming platform Sky Mavis. Speaking to Cointelegraph at the YGG Play Summit in the Philippines on Nov. 21, Zirlin said the “token design” space may yield the most benefit from the new crypto-friendly administration in the United States.
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💰 Crypto ATM operator Bitcoin Depot reports Q3 revenue of $135.3 million
Bitcoin Depot, an Atlanta-based crypto ATM manufacturer, released financial results for 2024's third fiscal quarter. The firm noted $135.3 million in revenue for the quarter, a 25% decrease compared to the $179.5 million brought in the third financial quarter of 2023, according to a Nov. 14 filing with the U.S. Securities and Exchange Commission. The company also reported holding over $1.31 million in cryptocurrencies.
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💰 Bitcoin retail investor demand hits 52-month high as market momentum builds: CryptoQuant
Bitcoin’s retail investor activity has surged to a 52-month high, signaling a return of strong retail trading interest, according to CryptoQuant. Key metrics such as retail investor demand and funding rates indicate renewed enthusiasm fueled by surging altcoin markets and growing mainstream attention.
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💰 Bitwise CIO believes investors are ‘still early’ until Bitcoin reaches $500k
Bitwise CIO Matthew Hougan believes that investors are “still early” until Bitcoin (BTC) claims the $500,000 price zone for Bitcoin (BTC). In a recent investor note, Hougan highlighted that the current environment makes him feel that the $100,000 mark could be “right around the corner.” Bitcoin registered a new all-time high of $93,523.65 on Nov. 13, marking its best day in history and a 130% year-to-date gain.
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💰 Future Bitcoin upgrades require contrasting stakeholder support evolving across launch timeline
Delving deep into Bitcoin's governance, Steve Lee from Spiral offers a masterful dissection of Bitcoin's intricate consensus mechanisms and the stakeholder dynamics that govern protocol upgrades. With experience in product management and open-source development, Lee navigates through the potential risks of soft and hard forks, unraveling how diverging stakeholder motivations.
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🪙 Ethereum Foundation launches Mekong Testnet ahead of Pectra upgrade
The Ethereum Foundation has introduced the Mekong Testnet, a short-term testing environment designed to allow developers to explore new features from the upcoming Pectra upgrade before its mainnet release. In a blog post on Nov. 7, the Foundation said the Mekong Testnet incorporates all Ethereum Improvement Proposals (EIPs) intended for Pectra. These proposals focus on enhancing various aspects of the Ethereum network, including user experience (UX), staking processes, and deposit and withdrawal mechanisms.
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💰 Mt. Gox moves $2 billion in Bitcoin, sparking speculation of additional repayments
Mt. Gox, the defunct crypto exchange, has transferred more than $2 billion worth of Bitcoin into two newly created wallets, according to data from Arkham Intelligence. Data from the blockchain analytics platform shows that Mt. Gox executed this transaction on Nov. 4 at 23:38 UTC. Most of these funds, totaling 30,371 BTC, were directed to an unknown wallet address labeled “1FG2C.” About an hour later, around 2000 BTC was transferred to the address “15gNR.”
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🇷🇺 Russia's Sweeping Crypto Mining Regulations Take Effect, Setting Strict New Rules
On Nov. 1, the Russian government introduced a regulatory framework for cryptocurrency mining, marking the implementation of a law signed by President Vladimir Putin in August and published shortly before these rules took effect. The law formally defines mining as a legal activity in Russia, laying out security and operational requirements for miners and creating a structure for trading digital financial assets on specially approved platforms.
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💰 Canary Capital joins Solana ETF race amid rising investor demand
Canary Capital filed for a spot Solana ETF with the Securities and Exchange Commission (SEC) on Oct. 30, seeking to establish a US-based spot Solana (SOL) exchange-traded fund. The fund, titled the Canary Solana ETF, is designed to “provide exposure to the price of Solana (‘SOL’) held by the Trust,” according to the S-1 registration statement. Canary Capital did not specify a custodian or administrator in the filing.
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💰 Bitcoin trades above $70,000 for first time in over seven months
Bitcoin topped $70,100 at 22:10 UTC, the first time the largest cryptocurrency by market capitalization crossed the $70,000 level in more than seven months, according to The Block’s Bitcoin price page. It has since retraced its move and is trading hands around $69,800 at press time.
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🇰🇷 South Korea to regulate cross-border crypto trades by 2025
South Korean authorities are preparing to regulate cross-border digital asset transactions beginning in late 2025, according to an Oct. 25 report by Reuters. Under this framework, Korea-based companies facilitating digital asset transactions across borders must pre-register with regulatory bodies and submit monthly transaction reports to the Bank of Korea.
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💰 BlackRock's spot bitcoin ETF draws in over $1 billion so far this week
Spot bitcoin exchange-traded funds in the U.S. reported total daily net inflows of $470.48 million on Thursday, extending the positive flows that continued this week. The 12 funds have accumulated over $1.85 billion in net inflows so far this week. “Favorable macroeconomic conditions are [playing] a crucial role; central banks around the globe are lowering interest rates, driving investors toward alternative assets,” said Rachael Lucas, crypto analyst of Markets.
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💰 Bitcoin accumulation fuels market uptick signaling potential surge in price
Bitcoin flirts with the $70,000 mark once again, the mysterious maneuvers of crypto whales are catching keen eyes. With their holdings swelling from 3.2 to 3.6 million BTC this year, these large players are no strangers to shaping market tides. Historically, their strategic acquisitions have paved the path for major price rallies.
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