11/14/2024
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BTC Dominance Hits Record
Bitcoin dominance reached 61.39%, the highest level since March 2021. Ethereum lost most of the value it gained against Bitcoin after the US election day. Bitcoin’s rising dominance has accelerated on the back of institutional interest and technical improvements. Altcoins are struggling to gain value as BTC Dominance rises.
by Darkex Reseach – 1 min read
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US Seizes $16 Million from Bankman-Fried
The US Department of Justice (DOJ) is seeking to seize a $16 million Binance account linked to FTX and Sam Bankman-Fried. The account contains crypto assets such as ICP, AVAX, XRP, ADA and SOL. The DOJ alleges that Bankman-Fried paid a $40 million bribe to Chinese authorities in 2021. After the collapse of FTX, the DOJ filed multiple lawsuits aimed at recovering a total of $3 billion in lost assets.
by Darkex Reseach – 1 min read
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Bloomberg: UK government emphasizes regulation
Bloomberg reported that the British government will unveil a regulatory plan for the cryptocurrency industry this month, according to Bloomberg, aiming to combat the Trump-led United States’ appeal to the sector and trying to reassure companies about its development prospects in the UK.
by Darkex Reseach – 1 min read
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Tether Treasury prints additional 2 billion USDT
According to Whale Alert, Tether Treasury reported that it printed 2 billion USDT. Among them, 1 billion USDT was minted on the TRON network and 1 billion USDT on the Ethereum network.
by Darkex Reseach – 1 min read
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HashKey Xiao Feng: Trump’s support for cryptocurrencies could push China back into the digital asset market
According to the South China Morning Post, it reported that Xiao Feng, chairman and CEO of HashKey Group, said in an interview: “If the US Congress and the new President Trump clarify the cryptocurrency policy, continue to legalize and promote the development of the industry, this will definitely be a driving force for China to accept (cryptocurrency).”
by Darkex Reseach – 1 min read
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BlackRock’s BUIDL fund expands to Aptos, Arbitrum, Avalanche, OP and Polygon chains
BlackRock’s US dollar institutional digital liquidity fund (BUIDL) will launch new share categories on multiple blockchains, including Aptos, Arbitrum, Avalanche, Optimism’s OP mainnet and Polygon, Securitize announced. The fund was first launched on the Ethereum network in March 2024 and tokenized by Securitize.
by Darkex Reseach – 1 min read
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Producer Inflation Announced in the US!
US Annual Producer Price Index (PPI): Previous: 1.8%, Expected: 2.3%, Announced: 2.4
US Monthly Producer Price Index (PPI): Previous: 0.0%, Expected: 0.2%, Announced: 0.2%
US Applications for Unemployment Benefits: Previous: 221K, Expectation: 224K, Expected: 217K
by Darkex Reseach – 1 min read
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Republicans, who also dominate the committee overseeing the SEC, will elect a pro-crypto chairman
While the US elections produced near-perfect results for the cryptocurrency markets, it seems that the Trump-led Republicans have gained the upper hand in both the Senate and the House of Representatives. This will enable a Republican candidate to head the Financial Services Committee, which is affiliated with the parliament. These names include French Hill, Andy Barr, Bill Huizenga and Frank Lucas, who are also well known in the crypto world.
by Darkex Reseach – 1 min read
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Cumulative trading volume of Bitcoin spot ETFs in the United States exceeds $500 billion
The Block reports that the cumulative trading volume of the US Bitcoin spot ETF has surpassed $500 billion since its launch in January 2024, according to The Block. This milestone coincided with BlackRock’s IBIT Bitcoin ETF reaching a new high of $5 billion in single-day trading volume. Bitcoin ETFs have seen net inflows of $2.4 billion since the start of the week.
by Darkex Reseach – 1 min read
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PEPE meme coin continues to rise sharply
The year 2024 was like a dream for PEPE, which was released in April 2023 and entered a long accumulation period after a sharp rise at that time. PEPE, which broke record after record like Bitcoin, rose more than 70% in the last 24 hours.
by Darkex Reseach – 1 min read
