💧Current state of the market in our weekly overview
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Hyperliquid (HYPE) trading has started
HYPE is now trading at $4.1
FDV: ~ $4.1B
https://app.hyperliquid.xyz/trade/0x0d01dc56dcaaca66ad901c959b4011ec
The Bluefin Foundation presents to you the Bluefin Airdrop Eligibility Portal
Checker: https://trade.bluefin.io/airdrop
https://x.com/bluefinapp/status/1862158394733252648
The crypto market correction
BTC Dominance - 56.56%
Market Cap - $3.38T
BTC - $96,587.31 (+0.92%)
ETH - $3,588.5 (-0.31%)
BNB - $658.47 (+1.11%)
SOL - $241.95 (+0.69%)
INJ - $29.7 (+1.21%)
TON - $6.37 (+0.79%)
SUI - $3.44 (-1.21%)
ZRO - $4.65 (-1.6%)
EIGEN - $3.61 (-3.58%)
https://dropstab.com
Dr. Greg Siourounis Joins xMoney Global as CEO and Co-Founder to Drive MiCA-Compliant Stablecoin and Payments Program
https://x.com/xMoney_com/status/1862090468378448160
SingularityNET and Mina Foundation joined forces to enhance decentralized AI using zero-knowledge proofs for secure, privacy-preserving innovations.
https://cointelegraph.com/news/singularitynet-mina-zero-knowledge-ai-partnership
VolatilityShares is launching new line of One+One ETFs which use leverage to give you 100% exposure to two assets at once eg 100% QQQ + 100% Ether.
https://x.com/EricBalchunas/status/1861926865843179906
Aethir launched a $100 million ecosystem fund to support AI agent projects
https://x.com/MRRydon/status/1861778443933020381
The SEC has filed the "Bitwise 10 Crypto Index ETF" which includes: BTC, ETH, SOL, XRP, ADA, AVAX, LINK, BCH, UNI, and DOT.
https://www.sec.gov/files/rules/sro/nysearca/2024/34-101775.pdf
a16z general partner Sriram Krishnan will leave the company at the end of the year
https://x.com/sriramk/status/1861875458318504213
21Shares has introduced its newest products focused on oracles (PYTH), tokenization (ONDO), decentralized computing (RNDR), and artificial intelligence (NEAR).
https://x.com/21Shares/status/1861333216919166998
Former CFTC Chair says US Bitcoin Reserve "makes a lot of sense".
“BTC is the world's first digital commodity.”
https://x.com/bitcoinmagazine/status/1861764302257971403
Sophon mainnet arrives December 18th
https://x.com/sophon/status/1861771965284896996
Binance Futures has launched the following perpetual contracts with up to 75x leverage as below
2024-11-27 14:30 UTC: MORPHOUSDT Perpetual Contract
2024-11-27 14:45 UTC: CHIKKGUYUSDT Perpetual Contract
https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-margined-morphousdt-and-chillguyusdt-perpetual-contracts-with-up-to-75x-leverage-7700345477ea4c0fb89b1ddce0d28979
Justin Sun eats the banana taped to the wall that he bought for $6.2 million.
https://x.com/justinsuntron/status/1861826835933438025
Coinbase will halt rewards for USD Coin (USDC) holders located in the European Economic Area (EEA) on Dec. 1 due to the upcoming Markets in Crypto-Assets (MiCA) regulation, according to an email sent to customers on Nov. 28.
https://cryptoslate.com/coinbase-to-halt-usdc-earn-program-on-mica-compliant-regions/
Stacks Reveals sBTC Launch Details
Phase 1: Mainnet - Bitcoin Deposits
Introducing the ability for users to deposit BTC and mint sBTC, focused on onboarding users & providing early access to builders.
Capped early depositors will be able to participate in the sBTC rewards program.
Est. Launch: 12/16/2024
Phase 2: Mainnet - Bitcoin Withdrawals
Phase 2 unlocks sBTC withdrawals, allowing users to redeem sBTC for BTC seamlessly. During this phase, the initial deposit cap will gradually be increased to onboard more users.
Estimated Timeline: 6-8 weeks after Phase 1
Phase 3: Open Signer Set + Optimization
The sBTC signer set will decentralize beyond the initial 15 community-elected Signers.
A gradual process with the end goal being a fully decentralized, open, permissionless Signer set over time.
Est Timeline: Following Phase 2.
https://x.com/StacksOrg/status/1861792137819324584
TON Teleport has introduced TON Teleport BTC whitepaper
The TON Teleport BTC Testnet will run until 2025, targeting a mainnet transition in Q2 2025.
TON Teleport is a decentralized, trustless bridge that enables users to securely transfer Bitcoin between the Bitcoin and TON blockchains without relying on central intermediaries.
https://tgbtc.gitbook.io/docs/information-desk/faq
Binance Labs has invested in Astherus, a multi-asset liquidity hub dedicated to maximizing the real yield of crypto assets.
https://x.com/BinanceLabs/status/1862134457433755872
💧 Top Funding Rounds Among AI Projects in November
👉 https://dropstab.com/insights/latest-fundraising-rounds
Binance has announced the first launch of BNSOL Super Stake with its Binance Token Partner - Pyth Network (PYTH), an advanced oracle network.
Users who hold BNSOL or stake SOL into BNSOL in their Binance account or Web3 Wallet from 2024-12-02 00:00 UTC to 2024-12-16 23:59 UTC will receive PYTH APR Boost Airdrop Rewards.
Total Rewards (PYTH): 1,428,571.43
Total Daily Rewards (PYTH): 95,238.095
PYTH APR Boost Airdrop Rewards will be available for daily claims at around 05:30 UTC, from 2024-12-03 onwards.
These PYTH APR Boost Airdrop Rewards will be airdropped to users’ Spot Wallets after the campaign ends at 2024-12-17 05:30 UTC.
https://www.binance.com/en/support/announcement/introducing-pyth-network-pyth-on-bnsol-super-stake-hodl-bnsol-to-get-pyth-apr-boost-airdrop-rewards-354dedf8735e44609aae2908fdc1750b
Spot ETF Flow on 27.11: BTC-ETF +$103.09M, ETH-ETF +$90.1M
https://sosovalue.com/assets/etf/us-btc-spot
Vancouver mayor plans to introduce ‘Bitcoin-friendly city’ plans
The proposed plan by Vancouver Mayor Ken Sim for the city’s “diversification of financial resources” suggested an investment in Bitcoin as a reserve asset.
https://cointelegraph.com/news/vancouver-mayor-ken-sim-bitcoin-reserve-asset
DeFi derivatives protocol Cega to sunset platform by end of year following acquisition
https://www.theblock.co/post/328514/defi-derivatives-protocol-cega-to-sunset-platform-by-end-of-year-following-acquisition
The crypto market is growing
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%)
https://dropstab.com
December 3rd has been confirmed for Namada mainnet genesis
https://x.com/namada/status/1861683309207789896
Publicly traded Chinese company SOS plans to purchase up to $50 million worth of Bitcoin.
https://x.com/watcherguru/status/1861777155845165257
Supra (SUPRA) trading has started on Bybit, Kucoin, Gate.
SUPRA is now trading at ~$0.00745 .
FDV: $745M
https://www.bybit.com/en/trade/spot/SUPRA/USDT
CZ: „AI tagging (or AI data in general) is well fitted to be done on-chain. Harness low cost labor globally without geographic bias, (micro) pay them in crypto instantly. BNB Chain Greenfield provides the storage capacity. More tooling still needs to be built. Let's build them.“
https://x.com/cz_binance/status/1861715172429090959