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Money & Crypto News

⚡️Bitcoin addresses that have been dormant for seven years transferred 2,720 BTC five hours ago, worth about $2451.4 million

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U.S. Congressman French Hill calls on federal agencies, including the SEC, to suspend the formulation of rules

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A giant whale has bought a total of 18,049 ETH in the past 3 days 🔷

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🚀 Bitcoin's market cap has surpassed Saudi Aramco, making it the 7th most valuable asset globally

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🗞 November 12, 2024 cryptocurrency news highlights

【Cryptocurrency】
DOGE trading volume on Binance reached $6.6 billion in the past 24 hours, second only to Bitcoin

Retail crypto trading in Korea has surged, with daily volumes on Upbit and Bithumb totaling over $26bn—85% higher than the entire local stock market.

Economy
Italy limits the cryptocurrency tax ceiling to 28% 🇮🇹

As BTC make successive new all time highs, apply proper risk management. There will be many dips (and highs) in the future. Make sure you can handle them. Control your greed. Don't put all your eggs in one basket.💸

Indicators
The supply of stablecoins increased by $5.4 billion after the U.S. election 🔼

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John Paulson gave up his election as Treasury Minister in the Trump administration 📢

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🟠 While small investors are actively accumulating Bitcoin, whales are in a distribution phase 🐳

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According to 10x Research, Retail crypto trading in Korea has surged, with daily volumes on Upbit and Bithumb totaling over $26bn—85% higher than the entire local stock market.

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Data: DOGE trading volume on Binance reached $6.6 billion in the past 24 hours, second only to Bitcoin

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Trump: Musk will cooperate with American entrepreneur Vivek Ramaswamy to lead the proposed government efficiency department (DOGE), which will pave the way for the dismantling of government bureaucracy, reduce unnecessary regulation, and reduce waves

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The supply of stablecoins increased by $5.4 billion after the U.S. election 🔼

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🇧🇹 Bhutan now owns $1 Billion in Bitcoin 🤯

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Italy limits the cryptocurrency tax ceiling to 28% 🇮🇹

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John Paulson gave up his election as Treasury Minister in the Trump administration 📢

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🗞 November 12, 2024 cryptocurrency news highlights

【Cryptocurrency】
Chinese microchip company Nano Labs announced it will begin accepting Bitcoin as payment. This is the first Chinese company to accept Bitcoin since Baidu in 2013, which stopped soon after government restrictions.

Economy
🇺🇸 The Republican Party of the United States has gained control of the House of Representatives. At present, it is predicted that the Republican Party has won 218 seats in the House of Representatives

The UK is planning to start issuing blockchain-based digital government bonds within the next two years, with an announcement expected on November 14.

Indicators
Bitfinex reports: The range of $82,000 to $85,000 may become the psychological resistance level of Bitcoin 💪

DOGE's market capitalization rose by US$30 billion in a single day, further confirming the existence of the "Meme Super Cycle"

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👨‍⚖️ A U.S. judge rejected the request of former Celsius CEO to withdraw the charges of fraud and manipulation

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DOGE's market capitalization rose by US$30 billion in a single day, further confirming the existence of the "Meme Super Cycle"

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Polymarket CEO responded to the investigation of the platform: the last battle of the current U.S. government out of political motivation

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The U.S. FBI seized Polymarket CEO's mobile phones and electronic devices 👮‍♀️

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Kashkari, a Federal Reserve official who has severely criticised Bitcoin, said that he would remain open to cryptocurrencies 🔥

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The total market value of cryptocurrencies exceeded 3.2 trillion US dollars, reaching a record high, an increase of 2.9% in 24 hours 🪙

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As BTC make successive new all time highs, apply proper risk management. There will be many dips (and highs) in the future. Make sure you can handle them. Control your greed. Don't put all your eggs in one basket.💸

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The market value of Meme currency HIPPO on the Sui chain exceeded US$200 million, reaching a record high

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Matrixport: Bitcoin’s trading volume hit an all-time high in the past 24 hours, which can be seen as a bullish signal

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U.S. spot Bitcoin ETF had a net inflow of $805 million yesterday.

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PayPal stablecoin PYUSD has realised the transfer between ETH and Solana through LayerZero 💰

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Bridge Water: The U.S. economy is expected to grow strongly during Trump's term ⬆️

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The US dollar rose to a two-year high, and Wall Street was unanimously bullish 💵

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The Sam Altman-backed project World, previously known as Worldcoin, has launched its human verification in Brazil 🇧🇷

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⚡️ A dormant address holding 426 BTC was activated two minutes ago after 13.3 years of deep sleep, and the current value of these BTCs has reached about $36,620,098

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Education company Genius Group plans to adopt Bitcoin-first financial strategy

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The UK is planning to start issuing blockchain-based digital government bonds within the next two years, with an announcement expected on November 14.

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