✅ 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 👀

Top 7 token unlocks for this week 🔓

The total value of tokens unlocked this week will exceed $1.19 billion with 77.5% of this huge amount falling on a single coin. Selling pressure may increase for TIA, but be careful with shorting as we may see some short squeezes 😳

• Celestia (TIA) — $923M
• Sui (SUI) — $145M
• Optimism (OP) — $51.17M
• Immutable (IMX) — $43.44M
• Tribal Token (TRIBL) — $12.61M
• Maverick Protocol (MAV) — $8.00M
• Portal (PORTAL) — $6.92M

#unlocks

During a press conference, when Secretary of the Treasury was asked about concerns about the dollar's status as the world's reserve currency, the U.S. Treasury sign fell off her podium 😄

Very symbolic

✅ Bitcoin is finally reaching the $70,000 mark after another attempt to break through the $69,000 resistance level was successful 🔼

Daily Digest:

🔸 Hong Kong says they will issue more crypto exchange licenses by the end of 2024

🔸 Emory University disclosed $16 million in Bitcoin ETF holdings 🧑‍🎓

🔸 Volkswagen wants to close at least three plants in Germany and cut tens of thousands of jobs

🔸 Hong Kong Stock Exchange will launch a Virtual Asset Index Series on Nov. 15, offering unified reference prices for BTC and ETH

🔸 Elon Musk says he can help cut US government annual spending by $2 trillion 🕑

🔸 Metaplanet’s total Bitcoin holdings surpassed 1,000 following its latest acquisition

🔸 The World Bank has "misplaced" $41 billion in climate change funds, with billions unaccounted for

🔹 Prices:

🥇 Bitcoin - $69,882 (↑2.8%)
✨ Ethereum - $2,566 (↑2.4%)
🧪 S&P 500 - 5,823 (0.27%)
🕗 DXY - 104.30 (↓0.02%)
🌉 Gold - 2,744 (↑0.06%)

Shitcoin investing explained 😅

The market is green and optimistic. Bitcoin is only $2,700 away from a new ATH ↗️

🤑 Bitcoin - $71,001 (↑3.8%)
🤑 Ethereum - $2,613 (↑4.1%)

Will we see new all-time high for Bitcoin price in November? 🤔

Vote with emojis 👇

Yes — 🐳

No — 😢

Bitcoin just hit $72,000 📈

Michael Saylor's company, MicroStrategy, is now sitting on $8.4 billion in unrealized profits 💰

Their strategy? — Simply buy Bitcoin 🤑

Not buy low and sell high, just buy and hold. As you can see on the chart above, each green dot is another purchase from the company.

They buy high, they buy low. But they buy. All the time. And they never sell 💎🙌

✅ Today's total spot BTC ETF trading volume surpassed $4.5 billion, and the price was within $200 of the new ATH. There was a small retracement but the bulls are not planning to stop 🔼

Daily Digest:

🔸 Coinbase CEO wants next SEC chair to apologize to all Americans for damage done

🔸 President Biden thanks the Nigerian President for releasing Binance’s head of financial crime compliance 🙏

🔸 DWF Labs today dismissed one of its partners shortly after sexual harassment, drugging allegations

🔸 Apple has finally begun rolling out updates to its "Apple Intelligence" AI suite of tools for iOS, iPadOS, and macOS

🔸 Ethereum software company Consensys announced that it has laid off 20% of its global workforce 🚶‍♀️

🔸 dYdx, the company building an on-chain derivatives exchange, fired 35% of its core team

🔸 The Trump crypto project World Liberty Financial intends to launch a native stablecoin

🔹 Prices:

🥇 Bitcoin - $72,816 (↑4.4%)
✨ Ethereum - $2,645 (↑3.2%)
🧪 S&P 500 - 5,832 (↑0.16%)
🕗 DXY - 104.28 (↓0.03%)
🌉 Gold - 2,775 (↑0.01%)

This is why you should not listen to random fake trading gurus 😂

Russian court fined Google $2,500,000,000,000,000,000,000,000,000,000,000 😱

Yes, this number is real. It has 33 zeros and is called "two and a half decillion" USD

Russia wants Google to pay a fine that's more money than exists on Earth for refusal to reinstate YouTube accounts of pro-Kremlin propaganda outlets 🤣

Ethereum just surpassed $2,700 mark 🧪

Are you holding ETH? 🤑

Share your opinion about this coin in the comments 👇