CryptoPM
CryptoPM @CryptoPM
Headlines for the Day 🚨

1️⃣Microsoft, Tencent and 16 other Web2 giants have partnered with Consensys on its mission to decentralize the Infura network - Source

2️⃣🇺🇸SEC delays Grayscale's #Ethereum Futures ETF application

3️⃣🌍 Global Leaders Gather at APEC Summit in San Francisco to Discuss #Economy and #Crypto Assets

4️⃣🇺🇸 'Nothing has changed' in the past year, opening the door for another FTX-like situation: CFTC Chair -Source

5️⃣🇩🇪 Germany’s fourth-largest bank, Commerzbank, granted crypto custody license.

6️⃣South Korea’s national pension fund buys $19.9 million worth Coinbase shares.

7️⃣BlackRock has officially filed for a spot Ethereum ETF with the SEC - Source

#CryptoNews
CryptoPM
CryptoPM @CryptoPM
Nov 16, 2023

• SEC 🛑 delays decision on Hashdex’s ETF change from futures to spot.
• Philippines 🇵🇭 to launch tokenized bond, targeting 10 billion pesos ($180 million).
• Analysts forecast 📈 Bitcoin could soar to $45,000 by year-end.
• CoinDesk Market Index (CMI) up 3.8% 📊, Bitcoin climbs 4.3% to $37,482 💸.
• Ethereum grows 3.6% to $2,069, S&P 500 edges up by 0.2%.
• Gold and Nikkei 225 both increase by 0.4%, hitting $1,968 🥇.
• El Salvador’s Bitcoin strategy in the red 📉, with an average purchase price around $41,800.
• Futures interest spikes for DOGE and AVAX, dips for BTC by 2.5% 📉.
• Market shifts indicate a higher risk appetite with inflows into DOGE and altcoins 🐕🚀

#CryptoNews
CryptoPM
CryptoPM @CryptoPM
1. **Partnership Formation:** Microsoft, Tencent, and 16 other Web2 giants joined Consensys to decentralize the Infura network, a crucial gateway to Ethereum for DeFi.

2. **Objective:** Aim to enhance decentralization in Infura, crucial for preventing outages in Web3 services like MetaMask.

3. **Andrew Breslin's Insight:** Emphasized the significance of big-name firms supporting Infura's decentralization, stressing the importance of decentralizing blockchain infrastructure layers.

4. **Decentralized Infrastructure Network (DIN):** Scheduled for Q4 launch, intends to solve Infura's centralization issue currently controlled by Consensys, creating a single point of failure.

5. **Failover Support:** One of the key features of DIN, offering failover support for Ethereum and Polygon networks, ensuring traffic rerouting during outages for higher uptime rates.

6. **Improved Reliability:** DIN's launch will provide more reliable and censorship-resistant access to Ethereum for DApps, eliminating reliance on a single service provider.

7. **Censorship Resistance:** Decentralizing blockchain data providers on Infura network crucial for long-term censorship resistance, preventing shutdowns via attacks or legal action.

8. **Open Partnership:** Infura open to other reliable internet infrastructure providers joining DIN for its success, aiming for collaboration over time.

9. **Federated Phase:** New companies working with Infura in a temporary centralized trial period, preparing for eventual decentralization.

10. **Future Governance:** Aim to govern DIN as a decentralized autonomous organization (DAO) or similar structure, ensuring democratic decision-making among partners for the network's direction.

#CryptoNews🔒📰🚫
CryptoPatel
CryptoPatel @CryptoPatel
T he past few hour marked the single largest #Bitcoin long liquidation since August, with a substantial $180 million wiped out.

#Crypto #cryptonews #etf #BlackRock
$BTC $BNB $XRP
CryptoPatel
CryptoPatel @CryptoPatel
Just in:

BlackRock's #SEC filing highlights the impact of Stable Coins like #Tether and #USDC on #Bitcoin prices, emphasizing potential risks to BTC.

Stay tuned for market insights.

#CryptoNews
$BTC $BNB $ETH
CryptoPM
CryptoPM @CryptoPM
• BlackRock confirms plans for an Ethereum ETF on Nasdaq. 📈
• Nasdaq filing reveals “iShares Ethereum Trust” registration. 🔍
• BlackRock’s ETF division, iShares, to handle Ethereum ETF. 💼
• Ethereum’s price spikes to $2,100 following the announcement. 🚀
• Coinbase to act as custodian for the Ethereum held by the ETF. 🏦
• BlackRock’s market-surveillance agreement with Coinbase aims to address SEC concerns. 👀
• The ETF seeks to bypass SEC’s worries over price manipulation. 🛡️
• The move signals BlackRock CEO Larry Fink’s growing support for crypto. 🔄
• BlackRock’s ETF could significantly widen crypto access to average investors. 🌍

#CryptoNews
CryptoPM
CryptoPM @CryptoPM
Here's a summary of the current cryptocurrency market and top news:
- The global cryptocurrency market cap is $1.28 trillion, experiencing a 2.32% decrease over the last day according to CoinMarketCap data.
- Bitcoin (BTC) has been trading within the range of $34,120 to $35,000 in the past 24 hours and is currently at $34,797, up by 1.37% as of 09:30 AM (UTC) today.
- Major cryptocurrencies are trading mixed, with some notable gainers like GAS, MEME, and ARK, which have surged by 62%, 31%, and 30%, respectively.
- In the top news of the day:
1. Binance has driven a 46% boost in derivative volume, solidifying its market leadership in October 2023.
2. A Memecoin has launched on major exchanges with a 25x ROI.
3. Bitcoin bulls are rallying to maintain the $34,000 level, as an analyst predicts an upward BTC price movement.
4. US banks are facing challenges with deposits following a Federal Reserve payment system outage.
5. The Mango Markets fraud trial has been postponed to April 2023 amid allegations of a $116 million theft.
6. The PancakeSwap token CAKE has experienced a short-term surge.
7. Yuga Labs has partnered with Magic Eden to launch a new ETH marketplace.
8. Elon Musk denies involvement in cryptocurrency projects.
9. Tether has increased its supply by 1 billion USDT on the Tron blockchain.
10. DCG faces a legal situation similar to the Enron scandal, according to Lumida Wealth CEO.
- Market movers include:
- ETH: $1842.9 (+2.75%)
- BNB: $233.4 (+2.32%)
- XRP: $0.6162 (+1.80%)
- SOL: $42.34 (+8.65%)
- ADA: $0.3275 (+2.34%)
- DOGE: $0.06884 (+2.17%)
- TRX: $0.09772 (-0.34%)
- LINK: $11.316 (+1.87%)
- MATIC: $0.6752 (+2.91%)
- DOT: $4.652 (+2.26%)
- Top gainers on Binance include GAS/BUSD (+62%), MEME/BUSD (+31%), and ARK/BUSD (+30%).
#BTC (Bitcoin) remains a significant focus in the cryptocurrency market.

#CryptoNews
CryptoPM
CryptoPM @CryptoPM
Headlines for the Day 🚨

1️⃣HSBC has begun working with Polygon to build a decentralized identity solution with Polygon ID -

2️⃣A macOS malware known as "KandyKorn" has emerged, with a specific focus on targeting individuals who own cryptocurrencies!-

3️⃣Elon Musk says none of his companies will ever create a crypto token!

4️⃣🇬🇧 FCA crypto promotion guidance was released to help firms comply with new UK regulations -

5️⃣🇦🇪The Dubai Financial Services Authority (DFSA) has approved the use of 💎#TON and 🪙#XRP for the Dubai International Financial Centre (DIFC).

#CryptoNews
CryptoPM
CryptoPM @CryptoPM
Headlines for the Day 🚨

1️⃣ProShares launches first short ether futures ETF for bearish traders -

2️⃣Jury finds Sam Bankman-Fried guilty of all seven criminal counts against him and ordered 115 years of prison!! -

3️⃣🇨🇭 Swiss bank launches bitcoin and ether custody and trading services, in partnership with SEBA -

4️⃣🇨🇳 Crypto at the Center of $300M Fraud Case in China

5️⃣Bitcoin is 'exponential gold,' says Fidelity executive

#CryptoNews
CryptoPM
CryptoPM @CryptoPM
The Latest Breaking News 📣

— Sam Bankman-Fried found guilty on all charges

— Memecoin starts trading with 25x ROI

— ProShares launches first short Ether futures ETF for bearish traders

— Hong Kong will allow some tokenized securities-related activities

— PayPal faces SEC action related to PYUSD stablecoin

#CryptoNews