🚨 The Indian government is considering banning Bitcoin while actively promoting the introduction of a central bank digital currency (CBDC).

The consensus among legislators is that the risks far outweigh the benefits of crypto, including stablecoins 😢

✅ The bears are not sleeping, and today, they crashed the market by another few percent. Bitcoin was trading at $65,000 at the bottom but found its way back up to $66.5k 😒

Daily Digest:

🔸 The Nigerian government has dropped the money laundering charges against Binance exec, Tigran Gambaryan, he is free to leave

🔸 🇻🇳 has officially released a National Blockchain Strategy that focuses on legal frameworks, infrastructure, and international cooperation

🔸 Binance announced the delisting of the following tokens: IDRT, KP3R, OOKI, UNFI

🔸 Yesterday Bitcoin spot ETF had the first net outflow in the past 7 days, a total net outflow of $79 million

🔸 Sky will likely be rebranded back to MakerDAO, after a lukewarm reception to the re-brand

🔸 Avalanche AVAX releases Visa card for crypto payments 👉

🔸 “I think all roads lead to inflation, I’m long gold, I’m long Bitcoin," said billionaire investor Paul Tudor

🔹 Prices:

🥇 Bitcoin - $66,465 (↓1.3%)
✨ Ethereum - $2,502 (↓4.9%)
🧪 S&P 500 - 5,797 (↓0.92%)
🕗 DXY - 104.41 (↑0.32%)
🌉 Gold - 2,715 (↓1.22%)

How the attempt to climb above $70,000 ended this week 😂

New "cabal" meme coin rugged investors after sleuth ZachXBT posted a leaked pitch deck of the project. $40 million market cap dropped to $1 million in a big red candle that saw $3.3 million worth of SHAR sold in one transaction 📉

Billionaire Bill Gates was ordered by a Dutch court to stand trial in the Netherlands for allegedly 'misleading the public about the safety of COVID-19 vaccines' ⚖️

At the Sibos 2024 conference in Beijing Chainlink and Swift unveiled blockchain integration to streamline digital asset settlement for traditional finance 🤝

Denmark’s Tax Law Council has recommended introducing a bill that will tax unrealized gains and losses on crypto assets held by Danish crypto investors beginning as early as 2026 🇩🇰

🔹 Last 24 hours top 3 gainers:

Goatseus Maximus - $0.792 (↑31.29%)
Popcat - $1.54 (↑11.49%)
MEW - $0.0102 (↑9.1%)

#GM

U.S. national debt increased by $473 billion in 21 days 📈

America has a big problem that has gotten so big that it seems no one is trying to solve it. The national debt used to grow at a high rate, but in recent years it has begun to grow at an unimaginably high rate 🏃‍♂️

The current U.S. national debt is $35.779 trillion. Don't forget that every dollar of that amount is subject to interest, which is now $1.096 trillion per year 😡

How to Buy Your First Bitcoin 🤑

1. Choose a reputable exchange and sign up on platforms like Binance, BYbit, etc. You can find the list of such exchanges here 🕯

2. Provide your email and set a strong password to create your account.

3. Complete the KYC to verify your identity 🪪

4. Link your bank account or debit/credit card as a payment method and deposit funds into your account. You can also choose a peer-to-peer (P2P) method as your first deposit option.

5. Go to spot trading section and select Bitcoin, enter the amount you wish to purchase, and confirm the transaction.

6. For added security, transfer your Bitcoin to a personal crypto wallet. You can find list of the best wallets here 👛

#FAQ

✅ Bitcoin appears to be entering a stabilization phase around $67k-$68k with indicators suggesting traders are moving into an accumulation period 🛒

Daily Digest:

🔸 Today marks the 7th anniversary of Coin Post founding 🎉

🔸  Pennsylvania passed the Bitcoin Rights bill to protect rights to self-custody and allow using BTC as a payment method

🔸 Donald Trump is considering the elimination of federal income tax for all Americans

🔸 Bill Gates was ordered by a Dutch court to stand trial for misleading the public about COVID-19 vaccines

🔸 Kraken said that it is launching its own layer-2 network atop the Ethereum blockchain

🔸 Chainlink and Swift unveiled blockchain integration to streamline digital asset settlement for TradFi

🔸 Denmark’s Tax Law Council has recommended introducing a bill that will tax unrealized gains and losses on crypto assets 🇩🇰

🔸 AI company is sued by the parents of a young user who reportedly took his own life after becoming obsessed with one of its lifelike A.I. chatbots

🔹 Prices:

🥇 Bitcoin - $68,151 (↑2.4%)
✨ Ethereum - $2,535 (↑0.8%)
🧪 S&P 500 - 5,809 (↑0.21%)
🕗 DXY - 104.03 (↓0.38%)
🌉 Gold - 2,735 (↑0.75%)

A good wake-up call 😄

Microsoft, the world's third-largest company with a market capitalization of more than $3 trillion, is exploring a strategy to buy bitcoin into its treasury as a diversification investment 😮

Binance announced the launch of the MOODENG/USDT Futures Perpetual Contract. After this news meme coin pumped by 122% 🔼

Solo Bitcoin miner hit the jackpot and took home ‎3.329 Bitcoin in total $222,000, for mining the blockchain block alone 🥇

Uniswap announced the launch of permissionless cross-chain bridging, which allows users to bridge assets between 9 networks directly 🦄

🔹 Last 24 hours top 3 gainers:

Safe - $1.67 (↑15.23%)
Ethena - $0.393 (↑4.45%)
Bitcoin Cash - $369.99 (↑4.60%)

#GM

The ETH/BTC rate fell below 0.037, the lowest since April 15, 2021. Since July 1 this year, the ETH/BTC rate has fallen by more than 30% 📉

Ethereum FUD is now reaching an unprecedented level, what could this mean?

🤔 Is everyone disappointed and "it's so over"?

🤔 Or is the crowd wrong as usual and a reversal is imminent?

City of Lugano, Switzerland unveiled a new statue honoring Satoshi Nakamoto, creator of Bitcoin 🤑

The installation symbolizes the community behind Bitcoin and strengthens the city’s role in the world of crypto 🗽

✅ Bitcoin appeared poised to make another run at $70,000, but a WSJ story about the criminal probe into the stablecoin issuer Tether sent prices tumbling down to $65,800 at one point 📉

Daily Digest:

🔸 Tether CEO Paolo Ardoino denies WSJ's report that the firm is under investigation by the US government

🔸 Ripple Labs has filed a cross-appeal in the U.S. Court of Appeals for the Second Circuit ✍️

🔸 City of Lugano, Switzerland unveiled a new statue honoring Satoshi Nakamoto, creator of Bitcoin

🔸 Microsoft will be voting on whether to use a strategy to buy Bitcoin into its treasury as a diversification investment

🔸 Binance launched the MOODENG/USDT Futures Perpetual Contract. Meme coin pumped by more than 122%

🔸 Solo Bitcoin miner hit the jackpot and took home ‎3.329 Bitcoin or $222,000 ⛏

🔸 Uniswap announced the launch of permissionless cross-chain bridging

🔹 Prices:

🥇 Bitcoin - $67,125 (↓1.7%)
✨ Ethereum - $2,487 (↓2.0%)
🧪 S&P 500 - 5,808 (↓0.03%)
🕗 DXY - 104.32 (↑0.25%)
🌉 Gold - 2,747 (↑0.43%)

POV: futures traders are trying not to get liquidated in the current market conditions 😂

Donald Trump recorded a podcast with Joe Rogan in which he mentioned that he is serious about abolishing the federal income tax. If he manages to do this, it will be a huge deal 😮

Scroll ecosystem stablecoin project Essence Finance is suspected of rug pulling. Stablecoin CHI has dropped more than 98% to $0.013, and more than $20 million in collateral is suspected to have been removed 🌡

U.S. Representative French Hill said in an interview with the podcast that the SEC should have new leadership next year, regardless of which party controls the White House 🙄

The Microsoft board recommends shareholders vote against this proposal to assess Bitcoin as a diversification investment for the company 🤡

🔹 Last 24 hours top 3 gainers:

Goatseus Maximus - $0.804 (↑26.81%)
Raydium - $3.02 (↑3.39%)
WhiteBIT Coin - $18.65 (↑0.21%)

#GM

Most Tokens Go to Zero in the Long Run 🕯

Many crypto tokens are created primarily to benefit a small circle of insiders and VCs. These project's tokenomics focus on enriching their founders rather than delivering long-term value, leading to a lack of genuine commitment to the success in the long period.

☹️ Most of these tokens lack intrinsic value and aren't truly connected to the technology they claim to represent. Without real utility or solid fundamentals, they're prone to losing value over time and will eventually become worthless by underperforming market leaders for long enough.

During bull markets, even weak assets can experience significant price increases due to overall market enthusiasm—the "rising tide lifts all boats" effect. This can give the illusion that these tokens are successful when they're simply riding the wave of market optimism 🙅‍♂️

When the market corrects, investors typically shift their capital from speculative, overhyped tokens to solid projects with proven track records. Funds flow back into fundamental blue-chip crypto assets like BTC, ETH, and SOL, which have demonstrated resilience 🧪

#FAQ

The 28-year-old Corinna Kopf announced her retirement from OnlyFans after earning a reported $67 million since joining in 2021 🔞

This news went viral as many people were shocked by the fact that just by nude photos and videos this girl was making more than $22 million a year.

But don't rush to create an account in hopes of making easy money. The median earnings of a “creator” on OnlyFans are only $140 per month 😐

Almost all profits on the platform are taken by accounts in the top 15%. The top 1% of earners make 33% of all money and the top 10% make 73% of all platform revenue 📊

✅ All week long, Bitcoin traded in a range of $68,500 - $65,500, at first optimistic massive ETF inflows pleased the bulls, well later there was a market correction after regular Tether FUD 🪀

Weekly news digest:

💎 Crypto

🔸  Pennsylvania passed the Bitcoin Rights bill to protect rights to self-custody and allow using BTC as a payment method

🔸 Chainlink has launched new CCIP private blockchain transactions tech
 
🔸 Chainlink and Swift unveiled blockchain integration to streamline digital asset settlement for TradFi
 
🔸 Solo Bitcoin miner hit the jackpot and took home ‎3.329 Bitcoin or $222,000 ⛏

🔸 Uniswap announced the launch of permissionless cross-chain bridging

🏦 Crypto Exchanges

🔸 Binance announced the delisting of the following tokens: IDRT, KP3R, OOKI, UNFI

🔸 Kraken said that it is launching its own layer-2 network atop the Ethereum blockchain

💵 Finances and Economy

🔸 Stripe has acquired stablecoin platform Bridge in a $1.1 billion deals

🔸 Crypto on-ramp firm Transak disclosed a data breach affecting over 92,000 users ⌨️

🔸 Vietnam has officially released a National Blockchain Strategy that focuses on legal frameworks, infrastructure, and international cooperation,

🔸 Corporate insiders are selling shares at the highest rate in 3 years

⚖️ Law and Order

🔸 Minneapolis Fed thinks Governments must tax or ban Bitcoin to maintain deficits
 
🔸 Ripple Labs has filed a cross-appeal in the U.S. Court of Appeals for the Second Circuit

🔸 Bill Gates was ordered by a Dutch court to stand trial for misleading the public about COVID-19 vaccines 😮

 🗣 Personalities

🔸 The Nigerian government has dropped the money laundering charges against Binance exec, Tigran Gambaryan, he is free to leave

🔸 Tether CEO Paolo Ardoino denies WSJ's report that the firm is under investigation by the US government 

🔸 Donald Trump is considering the elimination of federal income tax for all Americans

🚀 Best performers of the week:

Radium - $3.51 (↑50.5%)
Popcat - $1.53 (↑19.8%)
MEW - $0.0098 (↑15.1%)

We are once again approaching a key resistance level in this downtrend, which has been ongoing for over seven months. Will bulls manage to overcome selling pressure this time? 👀

Hong Kong Stock Exchange will launch a Virtual Asset Index Series on Nov. 15, offering unified reference prices for Bitcoin and Ethereum in the Asian time zone 🇭🇰

The World Bank has "misplaced" $41 billion in climate change funds, with billions unaccounted for. Investigators found no clear public record detailing where the money went or how it was spent 🔍

Elon Musk says he can help cut US government annual spending by $2 trillion if Donald Trump is elected president 🕑

Metaplanet’s total Bitcoin holdings surpassed 1,000 following its latest acquisition, company's stock jumped by 8% 🧪

🔹 Last 24 hours top 3 gainers:

SPX6900 - $0.917 (↑16.71%)
MANTRA - $1.4 (↑9.96%)
THORChain - $5.6 (↑6.98%)

#GM

Bitcoin will be worth $3,000,000 and used as a global reserve asset by 2050 🤑

— VanEck investment management firm prediction 👀