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🪙 Ethereum Foundation launches Mekong Testnet ahead of Pectra upgrade

The Ethereum Foundation has introduced the Mekong Testnet, a short-term testing environment designed to allow developers to explore new features from the upcoming Pectra upgrade before its mainnet release. In a blog post on Nov. 7, the Foundation said the Mekong Testnet incorporates all Ethereum Improvement Proposals (EIPs) intended for Pectra. These proposals focus on enhancing various aspects of the Ethereum network, including user experience (UX), staking processes, and deposit and withdrawal mechanisms.

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💰 Bitcoin predicted to hit $100k by Inauguration Day amid record pre-market equities trading

Bitcoin’s new all-time high of $75,000 following Donald Trump’s 2024 US presidential election win reflects heightened market optimism and anticipation of potential policy shifts favorable to digital assets. According to a report by digital asset custodian Copper.co, Bitcoin’s upward trajectory may continue into the new year.

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💰 Mt. Gox moves $2 billion in Bitcoin, sparking speculation of additional repayments

Mt. Gox, the defunct crypto exchange, has transferred more than $2 billion worth of Bitcoin into two newly created wallets, according to data from Arkham Intelligence. Data from the blockchain analytics platform shows that Mt. Gox executed this transaction on Nov. 4 at 23:38 UTC. Most of these funds, totaling 30,371 BTC, were directed to an unknown wallet address labeled “1FG2C.” About an hour later, around 2000 BTC was transferred to the address “15gNR.”

Source

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💰 Crypto asset products surpass $100 billion AuM, driven by Bitcoin’s strong inflows and election optimism

Digital asset investment products saw inflows of $2.2 billion last week, bringing total inflows this year to a record-breaking $29.2 billion, according to CoinShares‘ latest report. The strong performance, coupled with recent Bitcoin price increases around $70,000, lifted the sector’s total assets under management (AuM) above $100 billion for only the second time. These levels were last seen in early June 2024, when AuM reached $102 billion.

Source

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💰 Ramaswamy's Strive launches wealth management arm to bring Bitcoin to standard portfolios

Strive Enterprises, an asset manager co-founded by Trump surrogate and onetime Republican candidate for President Vivek Ramaswamy and businessman Anson Frericks, launched its new wealth management business on Friday. The wealth management arm's focus is "...integrating Bitcoin into standard portfolios of everyday Americans as a hedge against...unsustainable global debt levels, rising fixed income yields, long-run inflationary pressures, persistent geopolitical pressures, and potential restrictive monetary controls," a press release states.

Source

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💰 21Shares files S-1 application for an XRP ETF

Asset management company 21Shares has joined the list of firms that have filed applications with the US Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF). On Nov. 1, 21Shares submitted an S-1 form to register its Core XRP Trust shares for listing on the Cboe BZX Exchange. Coinbase, the largest crypto exchange in the US, would serve as the fund’s custodian.

Source

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💰 Bitcoin price pullback and volatility likely as US election approaches, Standard Chartered says

Bitcoin may see a price pullback ahead of the U.S. presidential election on Nov. 5, with increased volatility expected in the days following, according to Standard Chartered’s Global Head of Digital Assets Research Geoff Kendrick. Despite reaching $73,563 on Tuesday, bitcoin has been unable to break above its all-time high above $73,700 set on March 14. Kendrick suggested pre-election position liquidations could drive prices lower, making a breakout above the digital asset's all-time high less likely.

Source

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💰 Bitcoin could hit $200,000 without dollar collapse – Bitwise CIO

Bitcoin’s (BTC) price could surge to $200,000 without the need for a collapse of the US dollar, according to Bitwise CIO Matt Hougan. In his latest investor memo, Hougain suggested that Bitcoin’s value rests on two independent forces: its role as a digital store of value and inflationary pressures on fiat currencies.

Source

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💰 Phantom wallet falters for nearly 3 hours amid high demand for GRASS airdrop

Wallet provider Phantom services experienced nearly three hours of downtime on Oct. 28 amid users’ rush to claim GRASS tokens. Users on X reported missing balances and an inability to perform transactions. According to Phantom Status, a major incident with the wallet’s back end made the service unresponsive at 1:36 P.M. UTC and went back live at 4:20 P.M. UTC. This is the second time Phantom services have gone down this month, with an 8-minute shutdown reported on Oct. 3.

Source

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🪙 Vitalik Buterin says The Purge can help reduce Ethereum’s complexity and storage requirements

One of the problems of Ethereum, or any blockchain, is that it grows in size over time. This means an increase in the complexity of its code and its storage requirements. A blockchain must retain all the data throughout its history which needs to be stored by all clients and downloaded by new clients. This leads to a constant increase in client load and sync time.

Source

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💰 Solana registers new all-time high in daily transaction-related fees

Transaction-related fees on Solana (SOL) surpassed $11 million on Oct. 24, marking a new all-time high, according to Blockworks Research data. The metric is called “real economic value” (REV), which includes transaction fees and MEV tips for validators. Solana has been dominating daily trading volumes in the decentralized finance (DeFi) ecosystem for 13 days straight, according to DefiLlama.

Source

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💰 Institutional interest soars as CME bitcoin futures open interest sets new all-time high

As of Oct. 18, open interest (OI) on Bitcoin futures traded on the Chicago Mercantile Exchange (CME) has reached a new all-time high of over $12.26 billion. This figure is up over 36% in the last two weeks and more than 3.5% higher than its previous all-time high, set in April. The surge in OI in recent weeks represents a sharp increase from previous levels seen during the summer. It is the highest recorded figure since April 1, when CME OI was at $11.84 billion.

Source

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💰 US spot bitcoin ETFs reach highest recorded total asset value after six-day inflow streak

The twelve US-based spot bitcoin exchange-traded funds have set a new record, logging the highest total net asset value since the launch of the funds in January. Summed together, the funds now hold over $66.1 billion worth of bitcoin, according to SoSoValue data, surpassing the prior record of $62.6 billion from early June. The value held in the ETFs represents 4.89% of bitcoin's total market cap.

Source

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💰 Bitwise CIO says Bitcoin poised to push past $100K amid ETF boom, whale accumulation

Bitwise CIO Matt Hougan said Bitcoin (BTC) is poised for a significant rally to a “six-figure” price amid a convergence of several key factors driving investor enthusiasm. In a social media post on Oct. 18, Hougan highlighted a surge in exchange-traded fund (ETF) flows, heightened by a reacceleration of investments into Bitcoin-based financial products amid heightened institutional interest in digital assets.

Source

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💰 Bitcoin exchange reserves drop to multi-year low amid rising institutional demand: CryptoQuant

Bitcoin exchange reserves have reached their lowest levels ever recorded by CryptoQuant data dating back to October 2021. According to the data, more than 51,000 bitcoin have been withdrawn from major cryptocurrency exchanges over the past month. This trend is reducing the liquid supply of bitcoin and suggests that investors are withdrawing their coins as part of a long-term holding strategy.

Source

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💰 Tesla moves its remaining estimated $770 million bitcoin stockpile to multiple new addresses

Tesla, the electric vehicle juggernaut operated by Elon Musk, has moved 11509 bitcoins worth an estimated $770 million to new addresses, according to onchain data tracked by analytics firm Arkham Research. This appears to be the company's entire remaining bitcoin treasury. In a series of transactions over the past hour, the company, which made an unprecedented $1.5 billion investment into bitcoin in February 2021, moved approximately $770 million worth of the cryptocurrency to about seven new addresses.

Source

https://t.me/CryptoNewsSource


🔵 Arbitrum DAO member proposes $120 million recall from gaming fund that missed deadlines

A proposal passed in June by the governance DAO Ethereum Layer 2 network Arbitrum to "catalyze gaming ecosystem growth" on the network has recently been met with scrutiny following an apparent lack of communication and several missed deadlines, prompting one DAO member to propose a recall of its funding. Arbitrum's Gaming Catalyst Program (GCP) was passed in June of this year after being unveiled in March, The Block previously reported, and aims to "immediately expand awareness and adoption of Arbitrum/Orbit/Stylus by builders and players in the Gaming community."

Source

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