Musk’s retweet surges Dogecoin price and it’s historical. With D.O.G.E. launched under Trump’s administration. Dogecoin is gaining political support, paving the way for a rally. Dogecoin price surged after a tweet from Elon Musk. Elon Musk’s Influence on Dogecoin Price Surge While Musk’s tweets on Dogecoin have historically created price pumps, this latest surge seems different. Dogecoin is increasingly being defined in political terms, with Musk and political figure Vivek Ramaswamy leading a new initiative called D.O.G.E. This initiative, under the future Trump administration, is positioning Dogecoin as more than just a meme token. It’s becoming part of a broader political and financial narrative. The fact that such prominent figures are backing Dogecoin adds a new layer of credibility and potential to the token. Dogecoin is in a crucial phase, breaking through key resistance levels. Analysts predict Dogecoin could break its major resistance at $0.5, potentially pushing it to $0.8 soon. The cryptocurrency is experiencing a renewed wave of interest, and investors are betting that the token is on the verge of a massive rally. Why not Dogecoin reserve? In addition to Musk’s involvement, Billy Markus, Dogecoin’s co-founder, recently sparked further conversation by suggesting a “Doge Reserve” similar to Bitcoin’s reserve. This tweet has led to increased discussions around Dogecoin’s future, with many viewing it as an undervalued asset primed for significant growth. The political support and technical indicators showing Dogecoin breaking key resistance levels. Suggest the token is entering a new growth phase. Investors eagerly watch as Dogecoin shows signs of entering a bullish market cycle, potentially reaching new highs. With Musk’s tweet, political moves, and technical setup pointing to a bullish future, Dogecoin’s upcoming rally could be just around the corner. Investors and crypto enthusiasts hope this new phase could lead to significant gains. Highlighted Crypto News Today: Trump and Coinbase CEO Meet to Shape Crypto Regulations

Spot Bitcoin ETF options may be listed and traded on Nasdaq as early as November 19. After the US Spot Bitcoin ETF’s success, this move has boosted market confidence. As per industry executive Joe Consorti, more liquidity could attract a new wave of institutional and individual investors. Making the impending launch of spot Bitcoin exchange-traded fund options in the US a potentially monumental event. According to a video published on X on November 19 by Consorti, head of growth at Bitcoin custody firm Theya, the first spot Bitcoin ETF options are scheduled to begin trading in the US on November 19. This marks the beginning of Bitcoin’s next phase in the financial markets. The investment vehicles, starting with the BlackRock iShares Bitcoin Trust (IBIT), will be launched by the Options Clearing Corporation (OCC) on November 18th. Boosting Market Confidence Price dynamics, volatility, and institutional adoption have entered a fresh era. Especially, with the availability of spot Bitcoin ETF options, particularly for the IBIT vehicle, according to Consorti. Spot Bitcoin ETF options may be listed and traded on Nasdaq as early as November 19. This is according to Alison Hennessy, head of ETP listings at the exchange. In the financial derivative known as “spot Bitcoin ETF options,” investors are granted the right, but not the obligation, to purchase or sell shares in spot crypto ETFs at specified prices. While uploading Consorti’s video on X on November 19, Bloomberg’s senior ETF analyst Eric Balchunas said that this was a “BFD”. After the US Spot Bitcoin ETF’s success and skyrocketing demand, this move has boosted market confidence. Following two days of outflow last week, amid brief recovery. The US Spot Bitcoin ETF saw an inflow of $254.8 million on November 18, according to data from Farside Investors. Highlighted Crypto News Today: Sui Combats Resistance and High Volatility Post Hitting ATH

The U.S. District Court ruled that Lido DAO is a general partnership under California law. The court ruled that Lido DAO participants can be held liable despite its decentralized structure. A U.S. District Court judge has classified Lido DAO as a general partnership, setting a new precedent for decentralized organizations (DAOs). The ruling, issued on November 18, 2024, by Judge Vince Chhabria of the Northern District of California, means that participants in Lido DAO can be held liable for the organization’s actions under California’s partnership laws. (Source: Courtlisterner) The case stems from a lawsuit filed by Andrew Samuels, who accused Lido DAO of selling unregistered securities after purchasing Lido tokens. Samuels argued that the platform failed to register its tokens with the SEC, leading to his financial losses. The court rejected Lido’s defense that it was not a legal entity, instead holding that its decentralized structure did not shield its participants from liability. The ruling specifically named major institutional investors—Paradigm Operations, Andreessen Horowitz, and Dragonfly Digital Management—as general partners, based on their active roles in Lido’s governance. However, Robot Ventures was dismissed from the case due to insufficient evidence of involvement. This decision could have wide implications for how profit-driven DAOs are treated under U.S. law. It’s important particularly when it comes to liability and securities regulations. Highlighted Crypto News Today Floki Inu Targets Indian Web3 Scene with Valhalla Campaign

Ethereum remains consolidated within the $3.1K range. ETH’s surge is crucial to bolster the altcoin rally. The altcoin market saw remarkable growth this month, with SOL, XRP, ADA, PEPE, and FLOKI surging in double-digit returns. Consequently, the anticipation of the altcoin season mounts. ETH’s surge might be the missing piece to solidify the altcoin market rally. The largest altcoin, Ethereum (ETH) has stalled behind other major assets and failed to secure expected gains. After visiting a high of $3.4K on 12 November, ETH price failed to continue its upside trajectory and started a downside correction. Ethereum managed to find its strong support at $3K levels and lost over 0.13% over the past 24 hours. However, due to its bearish pressure, ETH is poised to trade on the downside. At press time, ETH trades at $3,106. The asset has visited its lowest price of $3,052 and climbed to a peak of $3,225. Notably, the market has observed a liquidation of $49.53 million worth of Ethereum and the daily trading volume of ETH stays at 36.63 billion. As per a recent analysis, Ethereum’s strong support is around $3K, where 2.82 million addresses hold over 6 million ETH. This demand zone is seen as key for the asset to potentially rally toward new highs, with buying interest likely to increase if the price stays above this level. On the other hand, ETH’s price has cycled between bands, at a high of 10 and bottoming at 2 in the first cycle, then topping at 7 and bottoming at 4 in the second. Additionally, it could reach $9.2K at band 6 by mid-2025, and possibly $17.6K at band 7. Is ETH Poised for Another Decline? The ETH/USDT trading pair exposed the bearish sentiment as the Moving Average Convergence Divergence (MACD) line and the signal line is found below the zero line. This also signals the incoming negative trend in the market, as the bullish pressure diminishes. In addition, the Chaikin Money Flow (CMF) indicator is found at -0.05, suggesting the negative money flow within the market. Meanwhile, Ethereum’s daily trading volume has climbed by over 45.30%. The four-hour price chart of ETH displays the asset’s struggle to break the crucial threshold. For ETH, entering into the bullish territory is the only catalyst for further gains. If the positive trend hits, the asset could push the price to the potential $3.3K mark. ETH could climb higher if it tests the key resistance at $3,417. Looking at the downside, if Ethereum faces resistance in its upward trajectory, a downside correction might appear and ETH may likely test the support around the $2.9K level. The failure to hold this range could drive an intense correction toward $2,847. ETH’s pivotal moves will decide if it holds its recovery or slips into deeper consolidation. Ethereum’s daily frame exposes the short-term 50-day moving average above the long-term 200-day moving average. Moreover, the current market sentiment of ETH is in the neutral zone, as the daily relative strength index (RSI) is settled at 49.52.

This year, Gemini registered as a provider of virtual assets in the nation. The French market is showing increasing interest in digital assets, according to Gemini’s research. An announcement was made on Tuesday stating that Gemini, the cryptocurrency exchange established by the Winklevoss twins in the United States, is beginning operations in France. As the extensive Markets in Crypto-Assets regulation starts to transform the interaction between the trading bloc and the crypto sector, this step signifies the most recent crypto growth in the EU region. This year, the Winklevoss twins—Cameron and Tyler—registered their business as a provider of virtual assets in the nation. Given France’s strong participation and backing of the crypto industry, the strategic ramifications of the action were recognized by Gemini, which operates in over 70 countries. Expanding Presence in Europe The French market is showing increasing interest in digital assets, according to Gemini’s research. With a strong regulatory framework. There is a great chance to introduce the platform to traders and expand presence in Europe in the next months, according to Gillian Lynch, CEO of Gemini in the UK and Europe. In contrast, Gemini is one of numerous cryptocurrency exchanges that has left Canada. Citing the country’s strict crypto regulations as the reason. Indeed, France was named as one of the “most pro-crypto countries surveyed” in Gemini’s 2024 Global State of Crypto report. France is the nation with the greatest rise post-crypto winter. With its percentage of crypto holdings jumping from 2% to 18% since 2022. Moreover, the research states that the proactive regulation of VASPs in France, which includes consumer protection, and the broader MiCA regulations that are scheduled to be completely implemented by the year’s end are responsible for this surge in interest. Among Americans, 32% now have “regulatory concerns” over the sector. A decrease from 37% at the worst of the market downturn two years ago. Highlighted Crypto News Today: Floki Inu Targets Indian Web3 Scene with Valhalla Campaign

Floki Inu launches Valhalla marketing campaign in Delhi NCR. Campaign targets professionals, commuters, and tourists, reaching 650,000 daily. Floki, a leading dog-themed meme cryptocurrency, has launched an extensive marketing campaign in Delhi NCR, India, to promote its Play-to-Earn MMORPG game, Valhalla. The campaign, which began on November 18, aims to generate significant awareness among the region’s bustling population, targeting professionals, tourists, and daily commuters across major commercial and cultural hubs. The ambitious four-week campaign features six massive LED screens placed in high-visibility areas such as DLF Cyber Hub and Connaught Place. These screens display 15-second Valhalla advertisements every two minutes, reaching over 300,000 commuters daily along key routes like NH-48 and the Outer Ring Road. Moreover, the largest screen, reportedly viewed by over 100,000 visitors daily, aims to capture the attention of high-net-worth professionals. Additionally, a premium static unipole at a prime location ensures 24/7 visibility, while ten branded Delhi Transport Corporation buses navigate significant routes, including the Delhi Airport and South Delhi Extension. Valhalla and Its Impact on FLOKI Valhalla is a Play-to-Earn game set to launch its mainnet on November 28, with FLOKI serving as its primary utility token. The campaign reflects Floki Inu’s strategic efforts to tap into India’s growing Web3 landscape, leveraging the nation’s robust crypto trading community despite regulatory uncertainties. The initiative is expected to reach over 650,000 people daily, solidifying Valhalla’s presence and appeal in a burgeoning market. This campaign coincides with Floki’s recent collaboration with Animoca Brands’ subsidiary, Forj, to support the MONKY memecoin project, inspired by the Three Wise Monkeys philosophy, which debuts on November 21. Meanwhile, Floki’s price has seen mixed trends, trading at $0.0002504 after hitting a five-month high of $0.00028300. While its daily RSI indicates overbought conditions at 71, the token remains up 18% over the past week, sparking optimism for continued momentum amid growing investor interest. Highlighted News Of The Day California’s Federal Judge Blocks Kraken’s Appeal in SEC Case

XRP peaked to $1.26, marking a new two-year-high for the coin. The uplift in the value of XRP has happened at a time when the rest of the cryptocurrency market anticipates some regulatory overhauls in the US, and more so after the results of the US elections. With over 90% gains within seven days, XRP’s price rally has brought back the excitement of investors towards the Ripple token. Last Friday, the cryptocurrency closed at $1.05, a whopping 116% monthly increase. For comparison, XRP was barely moving at $0.50 a week ago. Although the altcoin appears to be making a rebound, Bitcoin’s recent spike above $93,000 probably contributed to an improvement in market mood overall. Google Trends Data Indicates Increasing Interest As XRP’s price has increased, so too has search interest. On Monday, Google Trends displays a peak popularity score of 100, a huge increase from just eight days earlier when it was only 8. This jump indicates a significant increase in public interest, which was probably spurred by XRP’s remarkable price movement and its return to the top market capitalization rankings. Remarkably, XRP has regained its position above Dogecoin with a market valuation of almost $65 billion. Cryptoes and other market observers have noted the historical significance of XRP’s most recent weekly closure. Nonetheless, some traders are wary, pointing out that the token may be overbought given the relative strength index (RSI) peaking above 93. Overcoming Resistance And Forecasts More than just pushing through the psychological barrier, the price rise of XRP also broke through long-standing resistance levels that had placed the price of this cryptocurrency below $1 for so long. Analysts say this might open a door for further long-term growth. If market sentiment and trading volume remain strong, the best forecasts hold it would experience another upswing. The price is expected to rise 14.35% during the following month, according to analysts’ optimistic short-term projections. Even more optimistic is the one-year projection, which predicts a 99% increase. Even while these numbers show strong growth potential, the cryptocurrency must hold onto crucial support levels to prevent steep declines. What’s Next For XRP? After a sharp increase, XRP is currently trading at $1.14. Thanks to rekindled enthusiasm and macroeconomic conditions that favor digital assets, its ecosystem seems stronger than ever. However, traders should continue to exercise caution. Given that XRP’s RSI is at its highest level since 2017, a consolidation phase may be imminent before another breakthrough takes place. Long-term outlooks appear promising, but the way forward will probably rely on market developments and Ripple’s capacity to build on its recent gains. Because cryptocurrency may change momentum quickly, investors are keeping a careful eye on things. Featured image from MoneyCheck, chart from TradingView

Recently, experts have raised concerns about the sustainability of well-known coins like Polygon (MATIC) and Toncoin (TON), pointing out their challenges. As a result, many investors are turning their attention to emerging projects that offer more robust prospects. One such project that has gained traction is FXGuys ($FXG), which aims to leverage innovative strategies to thrive in the competitive crypto market. As a top DeFi token, FX Guys presents innovative trading opportunities in the crypto market. FXGuys presale is making waves having sold 68,000,000 tokens and raised over $1 million during its private round. Currently priced at $0.03 per token, $FXG tokens are anticipated to grow substantially as the project expands. This article examines why experts suggest FXGuys for long-term growth amid growing concerns in projects like Polygon and Toncoin. BUY $FXG TOKENS HERE Polygon (MATIC): A Layer 2 Solution for Fast, Cost-Effective Transactions Polygon is a Layer 2 scaling solution for Ethereum that improves transaction speed and reduces costs by using sidechains. It allows for faster, cheaper transactions while maintaining Ethereum’s security. Polygon also supports the development of scalable decentralized apps (dApps). Polygon leverages the Plasma Framework and proof-of-stake architecture to enhance cryptocurrency scalability. The Plasma framework, introduced by Vitalik Buterin, allows efficient execution of smart contracts. Polygon can process a high volume of transactions per second on a single sidechain. Toncoin (TON): A Scalable Solution for Fast and Secure Transactions Toncoin is used for transaction fees, staking, and decentralized applications (dApps) on the TON blockchain. This blockchain features multi-level sharding for scalability and supports smart contracts and decentralized storage. Its proof-of-stake model improves scalability and reliability. Toncoin aims to provide fast, secure payment services with low fees. The project seeks to create an ecosystem with decentralized storage, services, DNS, anonymous networking, and efficient payment processing. Initially developed by Telegram as the Telegram Open Network with the ‘Gram’ token, it is now backed by the TON Foundation and community. Toncoin supports a unified blockchain platform that provides various services to users worldwide. BUY $FXG TOKENS HERE FXGuys ($FXG): A Promising Project Revolutionizing Forex Trading FXGuys is one of the most promising crypto projects today due to its innovative features. It offers a secure, transparent, and community-focused trading environment that aims to transform the traditional Forex industry. Experts believe FXGuys has the potential for long-term growth in the highly competitive market. What sets FXGuys apart from other platforms is its unique Trade2Earn model. Unlike most crypto platforms that only reward successful trades, FXGuys compensates traders with $FXG tokens for every profitable trade they make. This unique approach creates ongoing demand for the token, making FXGuys an appealing crypto trading platform in the market. FXGuys ($FXG): Earn Up to 20% Annually with Flexible Staking Rewards FX Guys also features an engaging staking mechanism that allows investors to earn up to 20% annual profit from trading volume. Stakers receive rewards proportionate to the $FXG tokens they lock into the system. This provides a lucrative way for investors to earn passively while retaining flexibility in their engagement. This project’s innovative tokenomics structure enhances its status as a top DeFi token. Of the total supply of 835 million tokens, 35% is allocated for public sale, 7% for the trading funding program, and 17% for rewards and staking benefits. Users can stake their $FXG tokens to earn double-digit annual yields and profit shares from trading fees, encouraging active participation in the FXguys ecosystem and increasing the overall value of $FXG. BUY $FXG TOKENS HERE Conclusion The FX guys is rapidly establishing itself as a leading project in the crypto trading platform space. With its innovative features and commitment to community engagement, it is poised for long-term growth in the crypto market. Investors looking for the most promising crypto opportunities should keep a close eye on FXGuys as it continues to develop. To find out more about FX Guys follow the links below: Presale | Website | Whitepaper | Socials | Audit Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Altcoin SUI has factored in a modest price increase in the last 24 hours. The cryptocurrency hit a new ATH at $3.93 on November 17 as per CMC data. The Asian crypto sector has shown increased activity in the past day. According to reports, crypto mining firm BIT Mining was charged a penalty fee of $10 million for bribery by the Japanese government. Meanwhile, the crypto market has entered a brief consolidation as prices have not shown significant movements compared to last week. However, the altcoin sector has been projecting mixed signals. While some cryptocurrencies have reflected the leading assets, others have continued to soar. Tokens such as HBAR and VeChain have remained consistent in the upward movements. Sui Network’s SUI has shown minimal price movements in the past day. The altcoin has reflected the overall crypto market in price action this week. After hitting an ATH at $3.93 on November 17, SUI has failed test levels above $3.90 exhibiting resistance levels. Additionally, the cryptocurrency has also been witnessing increased volatility as indicated by the RVI standing at 78.88. Several market analysts have discussed how the cryptocurrency has been facing resistance at current levels. Inferring its daily price chart, SUI shows a modest price increase of 0.33% as it sparked bearish candles. However, it currently is on a recovery and is trading at the $3.8 level. At the time of writing, SUI was trading at $3.76 as per CMC data. What to Expect for Sui Price In the Coming Months? On inferring SUI’s price chart, it shows a horizontal trend followed by a price breakout. This bullish rally is further confirmed by its bull power indicator value standing at 1.47. Its bear power indicator value stays at 0.52 below zero as per TradingView data. However, as aforementioned, the altcoin is combating resistance at the $3.90 level. SUI/USDT Daily Price Chart (Source: TradingView) If SUI manages to surpass this level it can be expected to face its next resistance at $3.92. On the other hand, if it moves downward, it might fall to a support of $3.60. Relatedly, the Sui Network recently made an update by integrating native USDC into its ecosystem. Meanwhile, other altcoins such as Solana and Ethereum have also shown similar price actions over the past few days. Highlighted Crypto News Today: Trump and Coinbase CEO Meet to Shape Crypto Regulations

On-chain data shows the Bitcoin Hashrate has seen a setback recently, a potential indication that miners may not believe the asset’s run would last. Bitcoin Mining Hashrate Has Declined Since Its All-Time High The “Hashrate” refers to a metric that keeps track of the miners’ total computing power currently attached to the Bitcoin network. This indicator’s value is measured in terms of hashes per second (H/s) or the larger and more practical, terahashes per second (TH/s). When the value of this metric registers an increase, it means new miners are joining the network, and old ones are expanding their farms. Such a trend implies that blockchain is a lucrative opportunity for these chain validators. On the other hand, the declining indicator suggests some miners have decided to disconnect their rigs from the network, potentially because they can’t break even anymore. Now, here is a chart that shows the trend in the 7-day average of the Bitcoin Mining Hashrate over the past year: As displayed in the above graph, the 7-day average Bitcoin Hashrate had sharply moved up earlier and set new records. However, the metric has dropped since peaking near the 755 million TH/s mark at the start of this month. The earlier uptrend in the indicator resulted from the positive price action that the asset had been enjoying, as the price is directly linked to the miners’ revenue. There are two ways that these chain validators make their income: the transaction fees and the block subsidy. The former is dependent on traffic conditions and can drastically change from day to day. The latter, on the other hand, has very specific constraints attached to it. The block subsidy remains fixed in BTC value for about four years, at the end of which an event called the Halving cuts it exactly in half. These rewards are also given out at a more or less constant rate, meaning miners’ daily block subsidy income in BTC terms always remains quite predictable. However, one variable is free to change, and it’s the USD value of these rewards. Whenever the price rises, so does the block subsidy revenue of the miners. This is why the Hashrate tends to see growth in bullish periods. Bitcoin has been exploring new highs recently, but the Hashrate has interestingly stayed muted. The indicator is around 723 million, which means it has declined by more than 4% since the peak. This trend could signal that the miners expect the current rally to face an obstacle. BTC Price At the time of writing, Bitcoin is floating about $91,900, up over 8% in the last seven days.

Trump’s Plans to create a “Crypto Advisory Council” signal a push for clearer Crypto regulations. Armstrong, Coinbase CEO, may influence key crypto regulatory appointments, including SEC leadership. President-elect Donald Trump will meet Coinbase CEO Brian Armstrong to discuss crypto regulations and leadership roles. Trump aims to create a “Crypto Advisory Council” to promote the industry. Armstrong will likely influence key decisions, including who might replace SEC Chair Gary Gensler. As a result This meeting could have a major impact on the future of cryptocurrency in the United States. Why the Meeting Matters As the Wall Street Journal reported, Trump met with the CEO of Coinbase. Trump has shown a growing interest in cryptocurrency. During his election campaign, he promised to create a “Bitcoin and Crypto Presidential Advisory Council” within his first 100 days in office. This council would aim to bring clear rules to the crypto industry and help the U.S. become a leader. Armstrong, who has recently been outspoken about the need for better crypto regulations on D.O.G.E, is expected to share his views during the meeting. His role in this conversation could influence Trump’s decisions about who will lead regulatory agencies like the Securities and Exchange Commission (SEC). New Leadership for Crypto Regulations? Trump has made it clear he plans to fire current SEC Chair Gary Gensler. Whom many in the crypto industry see as a roadblock to progress. Armstrong has suggested Hester Peirce, a pro-crypto advocate nicknamed “Crypto Mom,” as a good choice to lead the SEC. Other names, like Howard Lutnick, a Bitcoin supporter and asset manager. Which is considered for important roles like that of a Treasury Secretary. These decisions could shape how the U.S. handles cryptocurrency in the coming years. Under Armstrong, Coinbase has been actively supporting pro-crypto candidates in elections. The company has donated millions to campaigns and political action committees (PACs) to back leaders who favour clear and fair crypto regulations. In result the meeting between Trump and Armstrong could start big changes in how cryptocurrency is regulated in the U.S. If Trump follows through on his promises, the country might see rules that make it easier to innovate and invest in digital assets. As a result this could be a huge win for the crypto industry, helping the U.S. become a global leader in the space. Highlighted Crypto News Today Is Bitcoin Ready to Hit $100K with the US Support?

Bitcoin has recently been on a notable upward trajectory, trading near its new all-time high above $93,000. While this surge has heightened investors’ hope, analysts seem to be paying more attention to a deeper, long-term shift that could impact BTC’s future market price. Market Shift Incoming For Bitcoin According to CryptoQuant analyst KriptoBaykusV2, an evident shift observed in the Bitcoin’s market is from its dwindling exchange reserves. The analyst reveals that the reserves have fallen from roughly 3.2 million at the beginning of 2023 to under 2.6 million today, signaling that more investors are moving their BTC from exchanges to cold storage. This movement typically suggests long-term holding intentions and less immediate selling pressure, which could lead to reduced market liquidity. KriptoBaykusV2 notes that a shrinking exchange reserve could pave the way for a potential market correction, especially as Bitcoin approaches the psychological threshold of $100,000. As prices rise, new market entrants and existing holders may become more inclined to take profits, potentially leading to an increase in sell orders and a temporary surge in exchange reserves. A Long-Term Bullish Outlook Despite the potential market correction, the broader implications of Bitcoin’s shrinking exchange reserves remain noteworthy. This decline also highlights a structural trend that may favor a long-term bullish outlook. The CryptoQuant analyst mentioned that as more investors choose to hold their Bitcoin off exchanges, the overall supply on trading platforms decreases, contributing to reduced liquidity. Should demand rise, this scarcity effect could intensify upward price pressures, potentially fueling the next phase of a bull market. KriptoBaykusV2 also emphasizes that the current behavior of Bitcoin holders reflects a maturing market. Unlike previous cycles marked by rapid speculation, today’s investors appear to be making more informed, strategic decisions. This change is further highlighted by growing institutional interest in the space. Institutions often adopt longer-term strategies, moving their holdings to cold wallets for security, further contributing to the depletion of exchange reserves. The analyst particularly wrote: Meanwhile, Bitcoin is still trading below its all-time high (ATH). When writing, the asset trades for $91,116, up by 1.1% in the past day.

Genius Group Limited has purchased 110 Bitcoin for $10 million. The firm will allocate at least 90% of its reserves to Bitcoin. Genius Group Limited, a publicly traded firm, has acquired 110 Bitcoin, valued at $10 million, with an average acquisition price of $90,932 per BTC. This purchase aligns with the company’s “Bitcoin-first” treasury initiative. It aims to allocate 90% and above of its reserves to Bitcoin, and the firm has a target of accumulating $120 million in Bitcoin holdings. The shift in strategy to a Bitcoin-dominated reserve follows companies like MicroStrategy, with Genius Group recognizing Bitcoin as a critical store of value. Podcast to Unveil Strategy To expand on this initiative, Genius Group CEO Roger Hamilton will host a live podcast on Tuesday, November 19, at 9:00 AM Eastern Time, as part of the company’s ongoing Bitcoin & Blockchain Education Series. With the board members Thomas Power and Ian Putter, Hamilton will discuss the concerns of the future of Bitcoin and fiat currencies. Also the pioneering Bitcoin strategy of Michael Saylor’s MicroStrategy, and the details of Genius Group’s own Bitcoin Treasury plan. Hamilton stated: In addition, to enhance its BTC reserve strategy, Genius Group plans to launch a Web3 Wealth Renaissance educational series. It aims to make a better understanding of Bitcoin, cryptocurrency, and blockchain among students, utilizing the firm’s advanced AI technology. Moreover, it facilitates Bitcoin payments on Genius Group’s Edtech platform to broaden the accessibility for users around the globe. In addition, the firm plans to utilize a $150 million ATM facility to obtain an initial target intended for long-term reserve. Notably, the leading cryptocurrency, Bitcoin (BTC), surged to a record-breaking all-time high last week. Currently, BTC trades at $91,514 with its daily trading volume soaring over 76% to $76.88 billion. The asset has witnessed a remarkable rise and become a key institutional investment option. Highlighted Crypto News Trump’s Media and Tech Firm Prepares to Buy Crypto Platform Bakkt

WOW Summit Bangkok 2024 is over, but the buzz is still in the air. The event was hosted on 11 and 12 November and became a resounding success, bringing together industry leaders, innovators, and tech enthusiasts from around the globe. The two-day event, held at the prestigious Emsphere-UOB LIVE, was a whirlwind of inspiring networking, insightful panel discussions, and the latest advancements in Web3. As Bangkok emerges as a tech hub in the APAC region, it’s the perfect stage for such a groundbreaking conference. This year, the event delved not only into the forefront of blockchain, but also AI, marketing, and fintech. WOW Summit expanded its focus to cover a wider range of topics. The impressive turnout of 5,500 attendees demonstrates the event’s relevance and impact. The event was hosted by Oasis Labs, Tongzheng Education, Talking Web3, and co-hosted by Uvecon.VC, DTC Group, and MMPro Group. “This is the first time we host the event in Bangkok, and the first time we collaborate and co-host the event with so many partners”, — says Ivan Ivanov, Global CEO and Co-Founder of WOW Summit. MiSon, a pioneer in blockchain, AI, and finance, was a Title sponsor of the event. Bitkub Capital Group, Thailand’s leading digital assets company, was the event’s platinum sponsor. We sincerely thank the incredible partners who made WOW Summit Bangkok 2024 a remarkable success. The list of event partners includes: One2Cloud is a leading provider of comprehensive multi-cloud solutions that: a leading provider of comprehensive multi-cloud solutions, which optimizes business cloud performance with multi-cloud solutions. OneClick.fi: a platform to simplify DeFi farming through its user-friendly platform. Qore Management Consulting: a global consultancy that empowers businesses with strategic planning and execution. BEBE Global: an AI-driven Crypto & GameFi project. In the wave of digital transformation, blockchain technology is revolutionizing industries with its decentralized, secure, and transparent nature. BEBE Web3 is at the forefront of this revolution, promoting blockchain applications in gaming, metaverse, and AI, unlocking new opportunities and driving disruptive change. QuEx: Swiss licensed digital asset exchange aiming to bridge crypto and traditional assets and banking products with leading Swiss banks as partners. Here’s the list of esteemed partner representatives and speakers who contributed to the success of WOW Summit Bangkok 2024: Yat Siu — Co-Founder and Executive Chairman at Animoca Brands David Wu — Founder, Tong Zheng Group Andrew Peters — CMO at BEBE Global Barami Rai — Co-Founder & CEO at DTC-Group Amy Wong — Managing Partner Oasis Labs IBD, Partner & Assets management Alena Yudina — Founder of Quantum Leap Strategy AG (Switzerland) Niorn Kiatdamrong — Chief Operating Officer, Bitkub Chain Jim Rogers — Chairman of Beeland Interests and Co-founder of the Quantum Fund Mete Altinkaya — VP Asia at ICB Blockchain Network Datuk Fadzli Abdul Wahit — Senior Vice President, Head of Digital Transformation and Head of Digital Investment Office, MDEC Rocky Liang — Superstar and life coach Kevin Raham Soltani — Managing Partner at Orthogonal Global Group Calvin Na — CBDO at MiSonProtocol Sergej Kunz — Co-founder of 1inch WOW Summit truly became a vibrant crossroads of global innovation, with a significant and dynamic contribution from the Chinese community. Beyond drawing a local audience, the event welcomed passionate Chinese enthusiasts whose energy and engagement added incredible vibrancy to the discussions. The robust Chinese partners elevated the summit’s impact, sharing their visionary ideas and unique perspectives. Their contributions not only enriched the dialogue but also inspired attendees with forward-thinking solutions, leaving an indelible mark on the event’s success. The engaging exhibits inspired attendees to explore and push the boundaries of digital technology. Additionally, for the first time, WOW Summit offered a variety of activities for everyone, from interactive experiments to relaxing massages and exciting raffles. INPUT agency co-hosted the media room at WOW Summit. Communications Director Anastasiia Kulibaba led speaker interviews, providing insights into the latest industry trends. On November 12th, WOW Summit hosted the TON Ecosystem Builders Summit, uniting key figures in the TON ecosystem to explore the platform’s latest advancements and future direction. The representatives of TON Society and TON Community participated within the WOW Summit event. The first day of WOW Summit Bangkok 2024 concluded with an exclusive KOL & VIP party, sponsored by VALR, a global digital assets exchange with over 1 million users, and hosted by Tongzheng Education. A highlight of the evening was the prestigious award ceremony led by David Wu, Founder of Tongzheng Education Group, recognizing outstanding contributions in the industry. The event also featured a captivating digital VSD META COUTURE fashion show and an electrifying laser harp DJ set by the globally-renowned entrepreneur, metaverse fashion designer, and DJ Laganza. The second day—and the event as a whole—wrapped up with a spectacular afterparty at the iconic Tulum Sky Bar, one of Bangkok’s premier rooftop venues. This unforgettable celebration was sponsored by ICB Network and ICB Verse, attracting prominent celebrities such as Ellen Sheidlin and Ran Neuner, further solidifying the WOW Summit’s status as a world-class event. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Bitcoin is struggling to break resistance above the $92.6K zone despite holding steady above $91K. Currently, BTC is priced at $91,820 and holds 60% of the market share. Bitcoin (BTC) has turned into a crucial digital asset to watch after reaching an all-time high of $93,434 on November 23, 2024. Following nine consecutive days of record-breaking highs, the flagship cryptocurrency has now settled above $91,500, maintaining steady momentum despite struggling to break past the $92,600 resistance level. This significant rally in BTC prices is due to a series of developments in the U.S. Firstly, the proposed “Bitcoin Act of 2024” has sparked excitement, as it outlines plans to establish a “Strategic Bitcoin Reserve of 1,000,000 BTC” over the next five years.” Additionally, the government’s intention to acquire up to 200,000 BTC annually is seen as a bright move to position Bitcoin as a hedge against inflation and a cornerstone of economic stability. At the time of writing, Bitcoin was priced at $91,820 with a market cap of $1.81 trillion—holding 60% of the market share. Further, the daily trading volume has surged by 75.59%, reaching $76.73 billion, hinting strong investor interest. Notably, the recent price action shows a 2.69% gain after an intraday low of $89,393. Bitcoin Shows Strong Bullish Momentum—Eyes $100K According to the daily BTC/USDT price chart, the technical indicators add optimism to BTC price directions. RSI is at 76.24, pointing to an overbought with strong bullish sentiment. Key moving averages, including the 21, 50, and 200-day metrics, indicate strong support around $90,100 and $91,250. This suggests that upward momentum remains intact. Bitcoin (BTC) Price Chart (Source: TradingView) Additionally, the Chaikin Money Flow (CMF) is at 0.20, reflecting strong capital inflows and sustained buying pressure, further supporting the bullish sentiment. However, the overbought RSI suggests consolidation or correction in the near term. Meanwhile, investor confidence is rising toward upcoming regulatory clarity under the new administration following Donald Trump’s re-election. Moreover, repeated attempts to surpass the $92K level indicate significant buying pressure, further fueled by MicroStrategy’s ongoing BTC acquisitions. According to the BTC price direction, a daily close above $93,530 could trigger a rally toward the much-anticipated $100K target. However, a key support level between $88,166–$80,010 and $74,544 (its 50-day EMA) could invalidate the bullish outlook if a correction occurs. Highlighted Crypto News Today Trump’s Media and Tech Firm Prepares to Buy Crypto Platform Bakkt

Polter Finance lost $12M due to a flash loan exploit. Platform paused operations, involving law enforcement and tracking the hacker. PeckShield reported that an address linked to the Polter Finance exploiter transferred 120 ETH to Tornado Cash, a privacy tool commonly used to obscure blockchain transactions. Polter Finance, a decentralized non-custodial lending and borrowing platform, recently suffered a devastating hack, resulting in approximately $8.7 million in crypto losses. The incident has prompted the platform to halt operations and involve law enforcement. The attack drained Polter Finance’s total value locked (TVL) of $12 million on November 17. Shortly after identifying the exploit, the platform paused its operations and notified investors via X (formerly Twitter). According to Polter Finance, the stolen funds were traced to wallets on Binance. Polter Finance has yet to confirm the specifics of the attack but reached out to the hacker via an on-chain message, offering a chance for negotiation and impunity. The message remains unanswered as of now. Meanwhile, the platform’s pseudonymous founder, Whichghost, filed a police report in Singapore. The report details over $12 million in losses, including $223,219 in personal losses. Whichghost stated, “I did not provide anyone my login details (private keys)… I believe the exploit occurred due to vulnerabilities in the smart contract deployed for BOO token lending.” Criticisms and Steps Ahead Criticism has surfaced within the community, with some speculating the possibility of insider involvement. Observers noted that filing a police report might be a distraction tactic, although no evidence currently supports these claims. In response, Polter Finance announced a collaboration with the Security Alliance Information Sharing and Analysis Center (SEAL-ISAC) to track the attacker. Despite these efforts, skepticism lingers, with the hack exposing significant vulnerabilities in DeFi protocols reliant on poorly vetted smart contracts. Polter Finance’s market size included $7.87 million in Fantom, $1.03 million in wrapped USD Coin (USDC), and $2.1 million in Stader sFTMX, among others. Highlighted News Of The Day MicroStrategy Adds 51,780 Bitcoin for Whopping $4.6 Billion

Donald Trump’s media and technology firm (TMTG) is planning to acquire crypto platform Bakkt. The President-elect has taken several actions to foster crypto growth in the USA. Bitcoin bulls appear to have docked at $91K in the past day before moving forward. Other cryptocurrencies have also shown minimal growth over the last 24 hours. Subsequently, the crypto spotlight was taken by the regulatory landscape with new speculation on the next SEC chair. Notably, on that front, pro-crypto president-elect Donald Trump’s media firm Trump Media & Technology Group Corp. (TMTG) caught market attention. The media company made moves preparing to acquire crypto platform Bakkt as per Bloomberg reports. Following this, the market shares of both parties showed a sharp spike. Additionally, Trump’s media firm owns the social media platform Truth Social. Regarding the Bakkt acquisition, reports state that Trump’s media firm is working on an all-share purchase of the crypto platform. Bakkt’s shares showed a 162% surge after the aforementioned discussions. The crypto community has perceived this new market movement as an affirmation of Trump’s pro-crypto stance. Particularly, with a moderate lull being witnessed this week and the President-elect busy setting up office, crypto has seen a modest dip in terms of the limelight. However, his attitude towards building a crypto nation can be seen manifesting in several ways. How have Trump’s Pro-Crypto Actions Been Post Election? Donald Trump during his campaigns made several promises and pledged to make the USA a crypto nation. Apart from this causing the overall crypto market and particularly Bitcoin prices to soar during elections, it also got him huge support. Post the elections, Trump has appointed several digital asset-friendly members in leading positions. The major leading position still continues to be the formation of DOGE (Department of Government Efficiency) headed by Elon Musk and Vivek Ramaswamy. Furthermore, the President-elect has also ventured into crypto projects of his own among which Bakkt could also be counted. Trump released several NFT collections and recently ventured into DEFI with his World Liberty Financial project. The project has not made any new announcements apart from its recent token launch. Highlighted Crypto News Today: BIT Mining Fined $10 Million for Bribery Scheme in Japan

BIT Mining, formerly 500.com, admitted to bribery between 2017 and 2019. The SEC imposed a $4 million civil penalty, credited against a $10 million DOJ fine. BIT Mining Ltd., formerly known as 500.com, has agreed to pay a $10 million penalty to resolve allegations of violating the Foreign Corrupt Practices Act (FCPA). The charges stem from a bribery scheme aimed at influencing Japanese government officials to secure a casino license between 2017 and 2019. The Securities and Exchange Commission (SEC) found that the company authorized $2.5 million in bribes through cash, entertainment, and luxury trips. These payments sought to influence Japan’s parliament members to secure a bid for an integrated resort casino project. However, the scheme failed, and BIT Mining never entered the market. Penalties and Actions Against BIT Mining The SEC ordered BIT Mining to pay a $4 million civil penalty. The company also consented to cease further violations of anti-bribery and accounting control provisions. Meanwhile, the U.S. Department of Justice (DOJ) imposed a $10 million fine, which includes the $4 million credited toward the SEC penalty. In a related case, the DOJ indicted former CEO Zhengming Pan. He allegedly orchestrated the scheme by using sham contracts with consultants to funnel illicit payments. Pan faces multiple charges, including conspiracy and violations of anti-bribery and recordkeeping provisions of the FCPA. Charles Cain of the SEC emphasized that corruption distorts markets and erodes investor confidence. Nicole Argentieri of the DOJ reiterated the commitment to holding corporations and leaders accountable for bribery. Under a three-year deferred prosecution agreement, BIT Mining must enhance its compliance measures and provide regular updates. The DOJ recognized these efforts, granting a 10% penalty reduction. Due to the company’s financial constraints, the DOJ reduced the original $54 million fine to $10 million. Highlighted Crypto News Today Global Crypto Funds Hit Record $33.5B in 2024 Amid Recent Bitcoin Surge

Bitcoin (BTC) started the week by breaking out of a bullish pattern after moving sideways for most of the weekend. The flagship cryptocurrency just started its “parabolic phase,” sitting 3.4% below its all-time high (ATH), which could bring “massive moves” for BTC this week. Bitcoin ‘Parabolic Phase’ Just Started Bitcoin has seen a massive surge in the last two weeks, jumping 32% to the $89,000-$90,000 price range. BTC’s remarkable performance saw it soar 11% last Monday, preparing the ground for its eventual surge toward its latest ATH of $93,400 two days later. Since then, Bitcoin’s price has hovered between the $89,000-$92,000 range, briefly falling to $87,000 last Friday. Over the weekend, the flagship crypto continued to move within this rage, registering its largest weekly close in Bitcoin history. Crypto analyst Rekt Capital pointed out that BTC is barely starting its “parabolic phase,” noting that week three of the cycle’s “first price discovery uptrend” started today. The analyst explained that, historically, BTC has seen around 300 days of parabolic run each cycle, with the first major pullback coming over a month after entering price discovery mode. Per the post, it took six weeks before the flagship crypto’s first major pullback in 2013. In 2017, BTC rallied for eight weeks before registering a deeper pullback. Meanwhile, it soared for four weeks before experiencing a major retrace in the 2020-2021 cycle. Based on this, the analyst considers that “history suggests there’s more upside to come and that the first Price Discovery Correction is still weeks away.” Is A Move Massive Move Coming This Week? Ali Martinez noted that Bitcoin seems to be repeating 2020’s pattern. In 2020, after breaking its previous ATH of $19,700, BTC rose 26% and consolidated for a week. Following its consolidation, BTC jumped 66% toward $40,000 in the next two weeks. Martinez pointed out that Bitcoin has risen 28% since surpassing its March ATH and has been consolidating for nearly a week. This suggests that the cryptocurrency’s price could be getting ready for a substantial surge in the following days, potentially hitting the $100,000 mark this week. Crypto Yapper, another market watcher, stated that Bitcoin will likely make a “massive move” soon. The analyst highlighted the flagship crypto’s consolidation, noting the significant price action around the $89,000-$90,000 mark. This horizontal level acted as a key resistance zone earlier last week but has been confirmed as support throughout the past five days. As Bitcoin retested the $91,000 earlier today, the analyst also pointed out its price could continue the bullish trajectory and aim for a new ATH around $95,000. Additionally, BTC started the week breaking out of a one-week symmetrical triangle pattern. To Crypto Yapper, this is a “typical continuation pattern” for the cryptocurrency, which suggests that Bitcoin is set to continue its climb if the breakout is confirmed throughout the day. The analyst stated that BTC’s continuation of its uptrend could hit $100,000 by Sunday. As of this writing, Bitcoin is trading at $90,260, a 10% increase in the weekly timeframe.

The year 2024 is concluding, and BlockDAG, Solana, and Tron are making significant impacts in the cryptocurrency market. Solana is drawing interest with the anticipation of a pioneering ETF approval, while Tron has reported an exceptional $577 million in quarterly earnings, further bolstering its DeFi ecosystem through a new partnership with Chainlink. BlockDAG (BDAG) has been capturing attention with its notable $122.5 million presale, a limited-time 100% bonus which is ending in 10 days, and news of its mainnet development completion, which promises to elevate its standing in the market. These three crypto initiatives are at the forefront of the industry’s current news cycle. Solana Eyes ETF Market Entry Solana is on the brink of a major development with the potential approval of an ETF, following the successful introduction of Ether ETFs. Analysts are optimistic about Solana’s entry into the ETF market, which could significantly raise its visibility and improve institutional market access. With a market valuation of $82 billion and a leading role in the tokenization of real-world assets, Solana continues to highlight its fast transaction capabilities and cost-effective framework. The hope for an ETF approval by March 2025 depends on navigating regulatory challenges, including SEC endorsements and legal categorizations. Success in this arena could mark a transformative moment for Solana, enhancing both liquidity and its reputation. Tron’s Q3 Earnings Outshine Peers Tron’s recent performance has been impressive, with a record $577 million in revenue for the third quarter of 2024, surpassing established players like Bitcoin and Ethereum in quarterly profits. A significant portion of this revenue, around 74%, was generated from staking operations, with the remainder from token-burning activities. Moreover, Tron has adopted Chainlink’s oracle services, departing from its prior provider to enhance the dependability of its DeFi offerings. This collaboration is part of the Chainlink Scale initiative, with Tron’s DAO managing initial costs to facilitate oracle network operations. These strategic moves are reinforcing Tron’s role as a prominent figure in DeFi, appealing to those interested in robust, functional blockchain technologies. BlockDAG’s Presale Success and Upcoming Mainnet Completion While Solana eyes a transformative ETF and Tron breaks revenue records, BlockDAG has quickly become a center of attention with its remarkable presale achievements and cutting-edge DAG technology. It has successfully raised over $122.5 million, selling more than 15.3 billion coins, indicating strong community backing and trust. With coins in its 26th batch priced at $0.0234, early participants have seen returns of up to 2240% from the initial batch. BlockDAG stands out with a 100% bonus code, allowing buyers to double their coin count and secure an early airdrop by using the code BULLRUN100 during purchase. This offer has greatly boosted demand, attracting both newcomers and experienced traders alike. There are only 10 days remaining in the validity of the project. Moreover, BlockDAG’s mainnet development has been completed on November 14th, set to showcase its pioneering DAG-PoW hybrid technology designed for fast, scalable transactions. Coupled with a refreshed website and vigorous community interaction, BlockDAG is shaping up to be a project to watch. With its rapid expansion, notable partnerships, and an ambitious $600 million presale target, experts are suggesting that BDAG coins could soon reach over $30. This project is quickly becoming a highlight of this bull market. The Bottom Line Solana’s potential ETF could significantly broaden its appeal, especially among institutional players. Tron, with its high revenue and strategic DeFi moves, is demonstrating the potential for sustained growth. BlockDAG, however, differentiates itself with a robust presale, groundbreaking technology, and enticing offers like the 100% bonus and the imminent finalization of the mainnet development. As 2024 comes to a close, those scouting for promising crypto projects should keep a close eye on BlockDAG for its dynamic ecosystem and strong community engagement. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.