Bitcoin exposure is essential for investors following U.S. election. Not owning bitcoin may lead to financial peril, warns NYDIG’s Cipolaro. The recent U.S. presidential election, resulting in a significant win for President-elect Donald Trump and the Republican Party, has intensified the spotlight on Bitcoin as an essential asset, according to Greg Cipolaro, Global Head of Research at New York Digital Investment Group (NYDIG). Cipolaro strongly believes that the election outcome marks a pivotal shift for bitcoin adoption in institutional portfolios, with no remaining rationale for investors to avoid exposure. In an email, Cipolaro underscored that “there are no excuses now” for investors to maintain a bitcoin allocation of zero. He emphasized that bitcoin is now accessible through “easy-to-access, well-regulated products such as ETFs” and is rapidly becoming a “political imperative.” He further asserted that investors risk “financial peril” by ignoring the asset, as it increasingly emerges as a mainstream investment option. NYDIG, a subsidiary of Stone Ridge Holdings Group, focuses on providing bitcoin-focused financial services, including custody solutions tailored for institutional investors. Cipolaro’s stance aligns with broader industry perspectives, as evidenced by the recent price surge in Bitcoin, which has appreciated approximately 18% over the past week. Moreover, Analysts attribute this rally to the election’s perceived positive impact on the broader cryptocurrency ecosystem, which could lead to enhanced regulatory clarity and increased institutional interest. Optimistic On Bitcoin Supporting this sentiment, JPMorgan recently highlighted expectations for it and gold to gain from the election’s results, with bitcoin being further supported by institutional moves, such as MicroStrategy’s substantial bitcoin acquisition plan worth $42 billion. BitGet Research also noted that sidelined funds may enter the market, driven by fear of missing out, potentially pushing bitcoin’s price higher. Meanwhile, market analysts are optimistic about it’s future performance. Bernstein analysts reiterated their forecast for it o reach $90,000 by the end of this year, with a long-term target of $250,000 by 2025. With growing institutional involvement and political endorsement, it appears poised for continued growth as a staple in investor portfolios. Highlighted News Of The Day FTX Sues Binance and CZ for $1.8B Over Fraudulent Transfer

Tokens are drawing significant attention for their potential to deliver substantial returns. Priced below two dollars, these digital assets are captivating investors eager to uncover the next standout performer. With market momentum shifting, a blend of well-known and emerging coins could be on the verge of notable breakthroughs. One such promising contender is XYZVerse, a unique memecoin that fuses sports passion with crypto innovation, aiming to become a cultural phenomenon and achieve impressive growth. The All-Sports Meme Token You Can’t Afford to Bench! XYZ is your exclusive VIP pass to a sports-driven, meme-fueled revolution. Think of it as the MVP of the XYZVerse ecosystem, where degens can score big off the growing demand for prediction markets Picture this: Polymarket hitting $1 billion in trading volume during the US presidential election – now throw in the hype of meme coins and the thrill of sports betting. With millions of sports fans ready to hit the field and cash in the XYZVerse ecosystem is set to keep expanding – and your rewards will slam dunk through the roof! >>>XYZ presale is your first-quarter chance to get in before the mind-blowing explosion!<<< In 2024, meme coins are the undisputed champions of the crypto world, and XYZ is set to crush the competition. With potential thousand-fold returns that will blow past the finish line, the presale plan draws a hefty 99,900% growth by the TGE. Forget about BOME’s 5,000% rise or WIF’s 1,000% rally – XYZ is here to outscore them all! With upcoming listings on major CEX and DEX platforms, rock-solid defense in the form of audited smart contracts, and a fully vetted team, XYZ is already ahead of the game. The first-mover advantage is key here – get in before the crowd storms the field, and you’ll be sitting on way bigger returns! >>Don’t be left on the bench – grab your XYZ tokens now and be part of the next massive crypto championship!<< Cardano (ADA) Cardano is making waves in the cryptocurrency world with its native token, ADA. Unlike many traditional blockchains, Cardano is built with sustainability and scalability at its core. It uses the Ouroboros proof-of-stake mechanism, which is far more energy-efficient than the energy-hungry proof-of-work models like Bitcoin’s. This means Cardano can process transactions without the hefty environmental cost. Its innovative two-layer system separates transaction processing and smart contract computations. The Cardano Settlement Layer handles the transactions, while the Cardano Computing Layer manages smart contracts. This design allows Cardano to potentially process up to a million transactions per second, making it one of the fastest in the industry. In the current market, ADA stands out as a promising option. With growing concerns about the environmental impact of cryptocurrencies, Cardano’s green approach is attracting attention. While Ethereum’s ETH has been a leader in smart contracts, Cardano offers a compelling alternative with lower fees and higher efficiency. The introduction of Cardano native tokens in March 2021 has expanded its capabilities, allowing for secure and cost-effective interactions with smart contracts. As decentralized finance apps, crypto tokens, and blockchain games continue to grow, Cardano’s sustainable platform positions ADA as a strong contender in the evolving crypto landscape. Shiba Inu (SHIB) Shiba Inu (SHIB) is a cryptocurrency that started as a joke but is now turning heads. Inspired by Dogecoin, it sets itself apart by running on the Ethereum blockchain. This means it can work with many other apps and tools in the Ethereum world. Launched in August 2020 by someone named Ryoshi, SHIB began with a whopping one quadrillion tokens. Half of these tokens were given to Vitalik Buterin, one of the creators of Ethereum. He donated a big chunk to help with COVID relief in India and destroyed (or “burned”) 40% of the total tokens, making the remaining SHIB more valuable. Unlike Dogecoin, SHIB’s connection to Ethereum allows it to do more than just be a meme. It has its own decentralized exchange called ShibaSwap, where people can trade tokens without a middleman. SHIB also plans to introduce its own platform for digital art (NFTs) and a system where holders can vote on decisions (a DAO). These developments show that SHIB wants to be more useful. In the current market, where people are looking for coins with real-world uses, SHIB’s plans could make it more attractive to investors compared to other meme coins. Conclusion ADA and SHIB are promising, but XYZVerse (XYZ) stands out by uniting sports fans in a community-driven ecosystem, aiming for remarkable growth in the 2024 bull run. You can find more information about XYZVersus (XYZ) here: Site, Telegram, X 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.

On Monday, business intelligence firm Microstrategy announced the purchase of additional Bitcoin (BTC) as the largest cryptocurrency on the market hit a new all-time high of $82,500, with increased inflows into various sectors of the ecosystem over the past week. MicroStrategy Now Holds Nearly $23 Billion In Bitcoin In a social media post by Bitcoin bull Michael Saylor, the company announced that it had acquired approximately 27,200 BTC for approximately $2.03 billion. This transaction is one of the largest BTC purchases to date by a corporate entity but in line with the company’s strategy to integrate crypto into its financial framework. According to a statement released Monday, these acquisitions took place between October 31 and November 10, using proceeds from recent stock sales. With this latest purchase, MicroStrategy now holds nearly $23 billion in Bitcoin, totaling approximately 279,420 BTC with an average purchase price of about $42,692 per Bitcoin. Michael Saylor also revealed that the company’s MSTR treasury operations since the beginning of November have resulted in a BTC yield of 7.3%, representing a net benefit to shareholders of nearly 18,410 Bitcoin. However, this strategy has also had a notable impact on Microstrategy’s stock MSTR, which jumped 11% on Monday as the announcement was made and is currently trading at approximately $299 per share, up from $270 the previous week. Post-Election Bull Run The current uptrend in Bitcoin’s price also coincides with a notable shift in investor sentiment following Donald Trump’s victory in the recent US presidential election against Vice President Kamala Harris. According to CoinShares, digital asset investment products experienced inflows of $1.98 billion following the election, marking the fifth consecutive week of positive inflows and bringing the year-to-date total to a record $31.3 billion. Along with the largest cryptocurrency on the market, the overall global assets under management (AuM) in cryptocurrencies have reached an all-time high of $116 billion. The inflows were predominantly driven by US investors, who contributed $1.95 billion, while European markets also saw smaller inflows, particularly in Switzerland and Germany. Bitcoin alone attracted $1.8 billion of these inflows, reflecting a broader trend that has emerged since the US Federal Reserve (Fed) cut interest rates in September. Susannah Streeter, head of money and markets at Hargreaves Lansdown, noted that the bullish momentum in the crypto market is fueled by a sense of “euphoria” following Trump’s election. Streeter commented that his pledge to ‘go all in on crypto’ has sent BTC to “new, heady heights,” and ultimately believes that Trump’s shift towards supporting the cryptocurrency industry has created a more favorable regulatory environment, boosting investor confidence. In further support of this sentiment, Citi strategists highlighted that cryptocurrencies remain one of the few Trump-related trades that have not retraced. They noted that his administration’s expected crypto-friendly policies could lead to greater regulatory clarity in the US, further encouraging investment. Overall, as Bitcoin continues its uptrend, some predict that BTC could reach the $100,000 milestone by the end of the year, driven by a combination of favorable market conditions and growing institutional adoption. At the time of writing, the market’s leading crypto is trading at $82,479, up 20% in the past week alone. Featured image from DALL-E, chart from TradingView.com

PEPE rally has come to an abrupt halt, as the price faces rejection at resistance and begins its descent toward the key support level of $0.00001152. After a strong upward push, the token has encountered significant selling pressure, raising concerns about the sustainability of its bullish strength. Now, all eyes are on the $0.00001152 mark to determine if it can support a rebound or if this is the beginning of a deeper pullback. This article aims to navigate PEPE‘s recent price action as it encounters resistance, causing the rally to stall and the price to fall toward the crucial support level of $0.00001152. Through technical analysis, this piece assesses whether $0.00001152 will serve as a reliable support zone for a potential recovery or if the bearish pressure will push PEPE further downward. Resistance Strikes: What Halted Momentum Of PEPE? Recently, PEPE’s price has turned bearish on the 4-hour chart, pulling back towards the $0.00001152 mark and the 100-day Simple Moving Average (SMA) after facing significant resistance at $0.00001313. This retracement signals growing bearish pressure, which could trigger a deeper correction for the cryptocurrency. The 4-hour Relative Strength Index (RSI) shows a decline from 77% to 60%, indicating a weakening of upbeat momentum. As the RSI moves closer to neutral, buying pressure has subsided, and the market’s confidence in the uptrend is fading. Specifically, this shift suggests that PEPE may be entering a correction phase, with the potential for further downward movement if the trend continues. Although PEPE is trading above the 100-day SMA, the daily chart shows increasing negative sentiment with bearish candlesticks and a decline toward $0.00001152, reflecting rising selling pressure as the meme coin struggles to hold higher levels. If bulls don’t defend the current support, additional declines are possible, making the 100-day SMA critical to watch for a reversal or continued correctional movement. Finally, on the 1-day chart, the RSI is declining from its peak of 69%, indicating a potential shift in momentum. As the RSI nears the overbought threshold of 70%, this shows that buying pressure is easing, and the recent uptrend may be losing strength. The drop could signal a pullback or consolidation, with PEPE possibly entering a correction phase before attempting to regain upside pressure. Can The $0.00001152 Level Hold As Support? The market is testing its strength as PEPE’s price approaches the key support level of $0.00001152. This level has become crucial in determining whether the current bearish momentum will continue or if the price can stabilize. Should $0.00001152 hold, it may provide a foundation for a possible rebound, allowing bulls to regain control and resume the upside trend. However, a breakdown below this level could signal additional declines, which could push the price toward the $0.00000766 support range and other lower levels.

FTX is suing Binance and Changpeng Zhao (CZ) for $1.8 billion over a 2021 share repurchase deal. The lawsuit alleges the deal was fraudulent due to FTX’s insolvency at the time. FTX has filed a lawsuit against Binance and its former CEO, Changpeng Zhao, in a bid to recover nearly $1.8 billion. The lawsuit, filed on November 10, alleges that Binance and Zhao received these funds as part of a fraudulent share repurchase deal in July 2021. This move marks another effort by the FTX bankruptcy estate to claw back assets following the exchange’s collapse. The dispute stems from a 2021 agreement in which FTX co-founder Sam Bankman-Fried repurchased stakes from Binance. According to the FTX estate, Bankman-Fried used a mix of their native token (FTT), Binance Coin (BNB), and Binance USD (BUSD) to fund the transaction. It which was valued at $1.76 billion at the time. However, the exchange argues that both FTX and Alameda Research, its trading arm, were already insolvent at that time. As a result, it considers the transaction to be fraudulent. Did CZ’s Actions Lead to FTX’s Downfall? The lawsuit asserts that the share repurchase deal was improper, claiming it was funded with FTX’s depositor funds. Caroline Ellison, the former CEO of Alameda, testified that she had cautioned Bankman-Fried about the lack of funds to back the buyback. Consequently, this raised serious concerns regarding the legitimacy of the transaction. As a result, the deal raised serious concerns regarding its financial legitimacy. Despite these concerns, the deal went ahead. FTX claims the repurchased shares were essentially worthless due to the company’s financial instability. In addition to challenging the repurchase deal, they accuse Zhao of exacerbating the situation with damaging public statements. Zhao’s tweets in November 2022, particularly one about Binance selling off its FTT holdings, allegedly triggered a massive withdrawal crisis at FTX. This led to a rapid collapse in the value of their assets, further destabilizing the exchange and leaving creditors with significant losses. The FTX estate contends that these actions were aimed at undermining its market position and intentionally causing its collapse. Binance has yet to respond in detail to the lawsuit, with a spokesperson dismissing the claims as meritless. Highlighted Crypto News Today Are PEPE Bulls Gearing Up for a Bigger Rally?

Top tokens like Cardano (ADA) and new companies like Rexas Finance (RXS) are attracting investor interest as the market for cryptocurrencies shows fresh indicators of a possible bull run. One of the most well-liked blockchain initiatives because of its scalability and energy efficiency, Cardano is ready for a big climb. Rising sensation Rexas Finance, meantime, has been creating waves with its outstanding presale success. While Rexas Finance has the potential to soar from below $0.20 to an astounding $20 by mid-2025, analysts estimate Cardano may see a 1,000% rise. Here is the reason both tokens are destined for remarkable expansion. Cardano (ADA): A 1,000% Surge to Cross $3 Thanks to its effective Proof-of-Stake (PoS) consensus mechanism and continuous developments in distributed apps (dApps), Cardano, presently at $0.3, has positioned itself as one of the most exciting projects in the crypto market. Developers choose the blockchain team because of their considerable progress in enhancing transaction speeds, scalability, and interoperability. Experts predict a big price rise; Cardano is predicted to reach $3, a 1,000% rise from its existing values. Several important elements will cause Cardano’s price to increase expectedly. As applications expand, demand for ADA is being driven by more dApp development and DeFi acceptance inside the Cardano ecosystem. Furthermore appealing is the forthcoming Hydra protocol, a layer-2 scaling solution, which promises lower prices and speedier transactions. Growing institutional interest in ADA as an energy-efficient Ethereum substitute helps to boost its price projection and brings it closer to the $3 level. Rexas Finance (RXS): Expected to Reach $20 by Mid-2025 As a new player in the decentralized finance (DeFi) market, Rexas Finance (RXS) has been getting a lot of attention. It started as a cheap token, but its ongoing presale, which is now in stage five and the token price is $0.07, has shown amazing growth. Experts think that RXS could hit an amazing $20 by the middle of 2025 because of its strong performance in the presale, strong community support, and unique approach to tokenization in the real world. Rexas Finance’s quick ascent, now in stage five at $0.07—much above its previous levels—has been mostly driven by its presale success. With about $5.7 million raised and more than 114.6 million Rexas tokens sold, this outstanding presale success demonstrates great investor interest. Especially among early investors, this momentum shows rising project confidence and emphasizes the expanding need for RXS. The price should rise as every step advances, therefore providing a strong basis for the performance of the token once it goes public. Rexas Finance’s path has also included important turning points in its listings on CoinMarketCap and CoinGecko, two main crypto data sites. These listings provide the token with more credibility and visibility, allowing a larger audience to monitor its price, market cap, and performance criteria. Being on these reputable sites helps notify possible investors of the validity and expansion possibilities of the project, therefore stimulating demand as it approaches public release. Rexas Finance started a $1 million giving campaign to increase company visibility and draw even more capital. For individuals wishing to attend the presale, this campaign will pay 20 participants $50,000 worth of RXS tokens apiece, therefore providing a significant incentive. This approach has generated a lot of awareness around Rexas Finance, enabling the project to strengthen the community and boost token flow before it opens. Conclusion Both rising players like Rexas Finance (RXS) and established tokens like Cardano (ADA) showing interesting expansion possibilities. Cardano’s continuous growth and calculated improvements help it to be positioned for a 1,000% increase to top $3, maybe by 2025. Driven by a strong presale performance, significant listings, a $1 million giveaway, and a vision of practical application, Rexas Finance is arguing for its price to leap from below $0.20 to $20. Investors should, as usual, carefully evaluate their risk tolerance and keep informed about developments on these initiatives. For individuals looking for perhaps large returns, ADA and RXS offer special chances in the current crypto scene since they have significant catalysts in place to drive remarkable increases over the next few years. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

PEPE’s momentum continues with a 3.42% surge in 24 hours. The daily trading volume of PEPE has risen by 223%. The overall cryptocurrency market recorded a modest 1.70% gain during its latest bullish phase, letting the market cap settle at $2.75 trillion. Recent price patterns of assets demonstrate a bullish shift, as Bitcoin (BTC) and Ethereum (ETH) prices crossed crucial junctures. Meanwhile, the price movements of the meme coin sector have drawn market attention. Prominent meme coins such as DOGE and Shiba Inu have surged to new highs. Notably, the frog-themed meme coin, PEPE has gained momentum as the crypto market geared up for an altcoin rally. After a 3.42% gain, the meme coin chose to trade on the upside, pushing past previous resistance points. In the morning hours, the meme coin traded within the $0.00001284 range. PEPE has eventually soared to a high of $0.00001309. At press time, the meme coin traded at $0.00001205 with a trading volume of $5.07 billion. According to CoinGlass, $7.11 million in PEPE was liquidated during this timeframe. Zooming in at the weekly price chart, the asset recorded a gain of over 48% and began to trade at $0.000008257. As days progressed, PEPE’s price steadily climbed to the current trading level. Where Is PEPE’s Next Stronghold? The four-hour price chart of PEPE reveals the probability of an upside correction. The current bullish momentum might have the potential to trigger the meme coin to cross over the current price range. PEPE could likely bring in a retest and might head toward the $0.00001310 range. On the downside, if the current uptrend of PEPE collapses, bearish pressure appears and it might pull back the meme coin’s price to a low of $0.00001124. The meme coin’s inability to seize the bullish momentum may result in a prolonged downtrend. Besides, the technical chart analysis of PEPE exhibits ongoing positive momentum. The Moving Average Convergence Divergence (MACD) line is stationed above the signal line, inferring the incoming bull run. PEPE chart (Source: TradingView) It’s significant to observe the Chaikin Money Flow (CMF) indicator at 0.11, suggesting the increased money flow. Meanwhile, PEPE’s daily trading volume has surged by over 223%. PEPE’s current market sentiment might push it into the overbought territory, as the daily relative strength index (RSI) is settled at 65.20. Moreover, the daily frame of the meme coin unveils the short-term 9-day MA above the long-term 21-day MA. Highlighted Crypto News Will Ethereum (ETH) Hold the $3K Line or Drop Below?

The crypto world holds the promise of turning modest investments into life-changing fortunes. As 2024 approaches, certain cryptocurrencies are capturing attention for their potential to deliver massive returns. Identifying these opportunities early could make all the difference for savvy investors. One standout is XYZVerse (XYZ), a pioneering memecoin connecting sports fans, aiming for exponential growth and poised to become a cultural phenomenon in both sports and crypto circles. Score Big with XYZ: The New Meme Coin Heavyweight The fans are losing it! The XYZ token is in the crypto ring, landing blows on the competition – bullshit coins, worthless farming schemes, and scam projects. Like a true champ, this first-ever all-sports meme token has fought its way through the bear market with fearless momentum and shows no signs of slowing down. With eyes set on a roaring thousand-fold growth, XYZ is destined to leave the 2024 meme coin triumphants like BOME and WIF trailing in its wake. Own the field, earn while the crowd plays XYZ is more than just a benchwarmer in the meme coin game; it’s creating the ultimate playing field with XYZVerse, where the thrill of sports meets the energy of meme culture. With a roadmap equipped with entertainment dApps, prediction markets, and sports betting options, XYZ is poised to draw in millions of gamblers ready to join the action. Remember Polymarket’s massive $1 billion trading volume during the US election betting fever? XYZ is gearing up for an even bigger win in the GameFi arena, letting its stakeholders cash in on the perfect combo of meme coin vibes, sports hype, and crypto mass adoption. Missed meme coin supercycle? By capitalizing on the ever-expanding gambling niche, XYZ is set to become the G.O.A.T of meme coins. BOME’s 5,000% takeoff and WIF’s 1,000% year-to-date rally are now relics of the past because XYZ is set to explode by over 9,900% after the TGE and outshine its sensational predecessors. Get in the game early to secure your spot – currently undervalued, XYZ is going the distance to break new records! Rallying the community, securing the win XYZVerse will be the MVP in this bull run, giving the community the control to call the plays and steer the ecosystem’s direction. Active contributors will receive airdropped XYZ tokens as a reward for their dedication. With rock-solid tokenomics and plans for both CEX/DEX listings, XYZ is positioned for a championship run, ensuring a steady revenue flow and consistent token burns to keep the scoreboard in favor of a strong price and a thriving community. >>The XYZ presale is live – don’t miss out on this knockout 99,900% opportunity!<< XRP (XRP) Imagine sending money across the world as easily as sending an email. That’s the promise of XRP, a cryptocurrency on the XRP Ledger. Created by Jed McCaleb, Arthur Britto, and David Schwartz, XRP is fast, low-cost, and open to everyone. With no central authority, transactions are quick, secure, and irreversible. You don’t need a bank account to use it, making it accessible everywhere. XRP’s goal is seamless money movement, no matter your location or currency. XRP could change how we think about payments. Its technology allows near-instant transfers with minimal fees, a big advantage over traditional systems and other cryptocurrencies. While some coins are stores of value, XRP aims to bridge currencies globally. In the current market, XRP stands out due to its real-world use cases and support from Ripple. Though crypto markets are volatile, XRP’s focus on practical utility could make it attractive for those eyeing the future of digital payments. Shiba Inu (SHIB) Shiba Inu (SHIB) is a cryptocurrency that started as a joke but is now turning heads. Inspired by Dogecoin, it sets itself apart by running on the Ethereum blockchain. This means it can work with many other apps and tools in the Ethereum world. Launched in August 2020 by someone named Ryoshi, SHIB began with a whopping one quadrillion tokens. Half of these tokens were given to Vitalik Buterin, one of the creators of Ethereum. He donated a big chunk to help with COVID relief in India and destroyed (or “burned”) 40% of the total tokens, making the remaining SHIB more valuable. Unlike Dogecoin, SHIB’s connection to Ethereum allows it to do more than just be a meme. It has its own decentralized exchange called ShibaSwap, where people can trade tokens without a middleman. SHIB also plans to introduce its own platform for digital art (NFTs) and a system where holders can vote on decisions (a DAO). These developments show that SHIB wants to be more useful. In the current market, where people are looking for coins with real-world uses, SHIB’s plans could make it more attractive to investors compared to other meme coins. Conclusion XRP, SHIB, and XYZVerse (XYZ) could turn small investments into millions in 2024, with XYZ pioneering a sports-meme ecosystem aiming for massive growth. You can find more information about XYZVersus (XYZ) here: Site, Telegram, X 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.

Ethereum has staged an impressive 35% rally since last Tuesday, marking a bullish breakout as it tests crucial supply levels for the first time since late July. Investor sentiment is increasingly optimistic, driven by a surge in Ethereum’s on-chain activity. Key data from IntoTheBlock reveals that transaction volume on Ethereum’s mainnet has reached its highest levels since July, a bullish signal highlighting renewed interest and activity in the network. This surge in volume is often seen as confirmation of a breakout, aligning with expectations from investors who have anticipated a strong rally toward Ethereum’s yearly highs. With momentum building, ETH now stands at a pivotal point: if it can maintain strength above these new levels, the stage may be set for further upside as the broader crypto market rallies alongside Bitcoin. The next few days will be crucial for Ethereum as traders watch to see if the bullish sentiment can sustain and propel ETH higher into new price territory. Ethereum Bullish Trend Begins Ethereum has entered a new bullish phase after eight months of consistent selling pressure and significant accumulation by smart money. Following a long period of subdued price action, ETH is finally rising, signaling a trend reversal many analysts and investors eagerly awaited. Data shared by IntoTheBlock on X shows that Ethereum’s mainnet transaction volume has surged significantly, with nearly $60 billion settled over the past week—the highest level since July. This spike in volume is a clear indicator of renewed market interest, and it suggests that more investors are actively trading and accumulating ETH. When transaction volumes rise alongside price increases, it often signals healthy demand and strong market confidence, supporting the likelihood of a sustained bullish trend. The next few months are expected to be volatile as speculative interest and trading activity heat up, with many traders positioning for substantial gains. Despite the anticipated price swings, analysts agree that Ethereum’s next major target is its yearly high of $4,000. Breaking this level would confirm Ethereum’s bullish momentum and set the stage for potential new all-time highs, aligning with the broader market’s optimism. ETH Consolidates Above $3,000 Ethereum is trading at $3,180, following a recent push to a local high of $3,250. After a strong weekend rally, the price paused, hinting at the need for consolidation before another potential breakout. This period of sideways movement could be essential for ETH to establish support and prepare for further upside, as it allows buyers to gather momentum while absorbing any short-term selling pressure. Key technical levels show that bullish sentiment is likely to strengthen if ETH maintains its position above $2,950, aligned with the 200-day moving average (MA). Holding this critical support level would signal buyers remain in control, setting up ETH for a potential rally toward $3,500 soon. However, it’s also possible that ETH could take a few days to build up the momentum needed for its next substantial move as investors assess the recent rally and consider upcoming catalysts. In the meantime, the market appears optimistic, with analysts noting that maintaining levels above the 200-day MA is crucial for confirming the long-term bullish trend. ETH’s consolidation phase could be the foundation for continuing its upward trajectory. Featured image from Dall-E, chart from TradingView

Dogwifhat (WIF) price surged to $3.09 with a 23.08% increase in the last 24 hours. Trading volume spiked by 316.53%, reaching $2.36 billion, signaling high interest. The meme-inspired cryptocurrency Dogwifhat (WIF) has been gaining substantial traction in recent market activity. At present, Dogwifhat’s price stands at $3.09, showing a 23.08% increase in the past 24 hours. Trading volume surged significantly, reaching $2.36 billion, a remarkable 316.53% rise, which indicates high buying interest. Its market cap has grown to $3 billion, with a market cap ratio of 77.55%, suggesting substantial engagement in circulating supply. Given the current technical setup, Dogwifhat’s price has the potential to sustain its upward momentum. Should it break past the $3.22 resistance, we could see an accelerated rally, driven by both technical factors and market sentiment. Can WIF Overcome Key Resistance? Dogwifhat’s chart reveals critical indicators signaling possible future price action. The Price chart shows that the immediate support level for WIF lies around $2.54. This level has previously held firm, indicating resilience. Conversely, the resistance level stands around $3.22, and breaking past this point could signify a strong bullish move. Should the price breach this resistance, WIF could potentially rally further, drawing in additional investors and leading to new highs. If the price fails to surpass this resistance, a short-term pullback may occur, though the support at $2.54 is expected to cushion significant declines. Dogwifhat’s momentum indicators reveal strong upward trends. The Relative Strength Index (RSI) is currently at 65.91, nearing the overbought zone. This suggests strong buying momentum. Additionally, the RSI average stands around 49.34, slightly below the current RSI, suggesting that Dogwifhat may have additional upside potential if buying pressure continues. The moving averages reinforce the bullish outlook for Dogwifhat. The 9-day moving average recently crossed above the 21-day moving average, forming a bullish crossover. The 9-day moving average is currently positioned at $2.38, while the 21-day moving average sits at $2.40, both below the current price. This alignment of moving averages beneath the price level further underscores the prevailing bullish sentiment in the market. If these moving averages continue in an upward trajectory, they could provide additional support for WIF’s price, solidifying its standing above the current support and resistance levels. However, with the RSI nearing overbought territory, traders may need to exercise caution for a possible consolidation or minor pullback. This anticipated pullback could allow the market to gather strength for a further bullish push, particularly if the price manages to maintain levels above the 9-day and 21-day moving averages. Highlighted Crypto News Today SUI Takes Another Chance at a Bull Run As Altcoin Season Begins

The cryptocurrency space has recently gained attention, with Ethereum (ETH) and some promising coins such as Neiro ($NEIRO) and the DTX Exchange (DTX). Ethereum, the second largest coin by market capitalization, has been struggling around the 100-day Simple Moving Average close to the $3000 mark and may break out. On the other hand, a meme coin known as Neiro, which many have compared to Ethereum, has continued to create froth with investors and analysts pointing to a massive spike in its price in the next few years. Ethereum’s Price Action and Market Position Ethereum has been through a rather intense period of the bearish phase with over $65 million in liquidations reported in the last 24 hours. Among them, $18 million was for the long positions and $47 million was for the short positions, thus, the traders had a mixed view regarding the direction of bitcoin prices. At the daily chart, we notice that Ethereum has been hovering around the 100-day SMA a level that could provide direction in the event it is crossed. With the upward movement of ETH above this SMA, more analysts believe that more chances are it might reach the next resistance level at around $3,366. However, if rejection patterns are formed on Ethereum, the cryptocurrency may return to the $ 2,817 low level. This rate could be due to the last 25 bps rate cut by The Federal Reserve or the pro-crypto stance of the freshly re-elected president Donald Trump. Earlier increases in the interest rate had brought pressure on holders, who could get higher returns in staking traditional bonds than in Ether. As rates stand now ETH will return investors as they will have to cover their expenses in the future; thus having a positive impact on ETH in the subsequent months. Neiro’s Rise as Ethereum’s Meme Coin Contender NEIRO ($NEIRO) is an Ethereum-based meme coin that has garnered much attention from the market, as recent statistics revealed an 11.4% hike, in the night trade and a 55.5% hike in the trading week. It touched an intra-day high of $0.00246 before floating back to the $0.0020 which analysts have defined as a support level. In Neiro’s case, a relatively new and therefore unpredictable stock, these trends have created doubts that it is capable of growing at 2500% by 2025. Demand for Neiro is complemented by its affiliate with Ethereum and the favorable outlook on cryptocurrencies after Trump’s victory. Its developers initially attracted attention by airdropping a portion of the supply to Ethereum creator Vitalik Buterin. This marketing strategy, along with the coin’s recent gains, has made Neiro one of the best-performing meme coins among the top projects by market capitalization. DTX Exchange Closes the Gap Between CEX and DEX to Attract More Users DTX Exchange (DTX) has also had a good performance in the current ongoing presale, it has the integrated features of both CEX and DEX. The DTX platform has been primarily built for high turnover trading, and it has also integrated over 120k financial instruments based on cryptos, forex, stocks, and commodities. This integrated model seeks to combine the encapsulation and decentralization attributes of DEXs with the velocity and liquidity attributes of CEXs. Currently in the fourth presale stage now, one DTX token is $0.08 and possesses the potential to reach $1 by year-end. They stated that there has been interest in the platform and each of the platform’s early investors has invested over $6 million. Analysts also put to the conclusion that the rate of the token tends to increase again once it is listed in some major exchanges hence making early investors. Market Outlook: Ethereum, Neiro, and DTX’s Potential Growth More suitable conditions for the cryptocurrency market are to affect the Ethereum, Neiro, and DTX, and related assets. Moreover, Ethereum may experience some uplift in the near term because it has better chances of thriving in terms of a low-interest rate environment as well as a favorable regulatory stance. Neiro, however, is riding on the meme coin frenzy and the Ethereum network, with predicted even better figures for the year 2025. DTX has pointed to a new way of trading that focuses on the company as well; therefore, could also increase the token prices because of the increasing number of users. As more investors explore a wider range of digital commodities, both Ethereum, Neiro, and DTX could each experience further uptick by the end of the years, with high risks involved due to constant market fluctuations and regulatory risks. Learn more: Buy Presale Visit DTX Website Join The DTX Community Whitepaper 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.

Ethereum’s first-mover advantage has never been overcome and to this day it remains the foundation of the DeFi industry, with more than 50% of the total value locked in blockchain-based protocols. But Ethereum’s dominance has led to significant challenges for DeFi protocols, as the world’s number one smart contract network has significant limitations in terms of transaction throughput and scalability. Indeed, Ethereum has become infamous for its congested network, resulting in sky high gas fees and long waiting times for transaction confirmations, impeding the user experience. Solving this congestion is critical for the DeFi industry, because decentralized exchange platforms, lending and borrowing protocols and yield farming algorithms simply cannot operate as they should without real-time transactions and low costs. The more Ethereum succeeds, the more it becomes a victim of its own success, as the network creaks under the strain of millions of users worldwide. Fortunately, the DeFi industry has been quick to innovate, giving birth to a number of alternative, Layer-2 networks that sit above Ethereum, enhancing its scalability by processing transactions off-chain. Layer-2 networks use a range of mechanisms to do this, with one of the most common being “rollups”, which process multiple transactions off-chain and bundle them into one, larger transaction, only posting the end state onto the main Ethereum chain, significantly reducing the strain. Some of the most prominent L2s have shown incredible potential, helping Ethereum to scale to support hundreds of thousands of transactions per second and paving the way for DeFi to take on the traditional financial world. Polygon As one of the first-ever Layer-2 scaling solutions in the industry, Polygon is often mistakenly referred to as a “blockchain” itself, but in fact it is the creator of a multichain ecosystem that provides several L2s designed to scale Ethereum. Polygon utilizes zero-knowledge rollups as the basis of its scaling solution, facilitating rapid, private transactions with much lower gas fees than the main Ethereum network. Besides ZK-rollups, it also employs a novel proof-of-stake consensus mechanism to support sidechains like Mumbai, and it has its own, native token, called MATIC, which is used to pay for gas fees, staking to support network security and voting on governance issues. The success of Polygon stems from its ability to support up to 65,000 transactions per second, dramatically outperforming the Ethereum network and also many other L2s. With its low transaction fees that are around 10-times cheaper than Ethereum itself, it is highly suited for DeFi applications, blockchain games and NFT marketplaces that need to facilitate microtransactions. To date, it has attracted more than $1.1 billion in total value locked, according to DefiLlama. In addition, Polygon offers compatibility with Ethereum-based dApps through its Polygon zkEVM, as well as other notable blockchains like BSC (Binance Smart Chain). Its high performance and flexibility has enabled Polygon to cultivate a thriving ecosystem of DeFi applications, with leading protocols like Aave, Curve and SushiSwap all building on its network, plus NFT marketplaces like OpenSea and Rarible. It encourages this with a wealth of developer tools and its vibrant community, which paves the way for Polygon dApps to tap into new markets. Fuse Network Some might be confused to see Fuse Network’s mention in a list of leading L2s, as it’s also a Layer-1 blockchain in its own right. However, a key part of its growth strategy involves branching out as an L2 to support Ethereum and tap into the strength of its vast DeFi ecosystem. Fuse is the creator of an infrastructure network for crypto and fiat payments, focused on enabling business-to-business and business-to-consumer transactions without borders. The project has already achieved success, and its creators are now embarking on a new journey with the launch of its Ethereum-based ZK-proof L2 in late 2023. The new L2 leans on the considerable capabilities of the Polygon Chain Development Kit, which forms the basis of its highly efficient transaction capabilities. The plan is for the Fuse L2 to become the new native platform of every dApp that currently lives on the Fuse L1 chain, giving them access to Ethereum’s extensive ecosystem and vast liquidity. One of the main advantages of using Polygon CDK is that it provides a foundation for the Fuse L2 to achieve unprecedented scale, with incredibly low transaction costs, high transaction throughput, instant clearing and finality. This is enabled partly through the integration of a zkEVM, which helps to enhance TPS to support instant transfers via a decentralized validator set with improved security. The use of ZK-proofs means transactions can be validated without revealing any details, allowing Fuse to preserve full privacy for its users while interacting across any EVM-compatible chain. Interoperability comes by way of the Fuse Charge Bridge, which facilitates the free flow of liquidity between Fuse and Ethereum. Fuse’s quest to transition from an L1 to an L2 is ambitious, and the project is still in its early stages, but it will bring enormous benefits to the businesses that leverage its global payments infrastructure, enabling them to tap into a much more extensive DeFi ecosystem. Optimism Built using a different technology called optimistic rollups, Optimism is another highly regarded L2 that provides broad compatibility with the Ethereum ecosystem, utilizing that network’s consensus mechanism as the foundation of its own security. Optimism scales Ethereum to a peak of 4,000 TPS, meaning transactions are processed 26-times faster than the mainnet, with gas costs reduced by 90% or more. It’s highly focused on decentralization, with governance led by its community, which is shaped by a growing number of DeFi protocols, decentralized autonomous organizations and NFT marketplaces. The project is also heavily focused on catering to developers, offering a range of familiar tools for dApp builders to get started on its network. Optimism’s native token OP exists for transaction fees, network governance and staking. Some concerns have been raised about the project, with its reliance on Ethereum carrying inherent risks and the need to monitor its decentralization process. However, it’s backed by a fanatical team of developers and host to a vibrant, enthusiastic community that is convinced of the merits of optimistic rollups versus ZK-rollups. With more than $680 million in TVL so far, the continuous development of its network should ensure that it plays a key role in the growth of DeFi for years to come. Base One of the newest kids on the L2 block, Base is the brainchild of the prominent crypto exchange Coinbase, and was built with the goal of enhancing the potential of Ethereum’s DeFi scene by boosting its transaction speeds and lowering costs for users. It’s built atop of the OP stack and, like Optimism, it leverages optimistic rollup as the basis of its rapid transaction processing. It can achieve a maximum throughput of 2,000 TPS, meaning near-instantaneous transaction processing, and gas fees are reduced by up to 95% compared to the costs of transacting on Ethereum. Also like Optimism, Base leverages the security of the Ethereum network to process transactions off-chain, ensuring the safety of user’s funds. It’s a developer-friendly platform too, with numerous tools for dApp developers that want to build native applications with streamlined deployment. One major advantage of Base is that it has the backing of Coinbase itself, which is one of the biggest crypto exchanges in the world, enabling Base dApps to tap into an audience of millions of customers. The Base L2 is still young and evolving rapidly, but it has already amassed an impressive $2.7 billion in TVL thanks to its association with Coinbase, which makes it one of the L2s to pay attention to. By building on what is already a solid ‘base’, the Base network can play a big part in helping Ethereum scale to meet the needs of the mainstream as DeFi’s popularity grows. Coti Coti started out as a Layer-2 solution for a different blockchain, Cardano, but is looking to adapt and evolve into a more privacy-centric scaling solution for Ethereum. The shift was prompted by a desire to support more affordable transactions that leverage Ethereum’s unparalleled security and interoperability, while ensuring maximum privacy for users. The COTI token is the oil that runs COTI’s L2, paying for transaction fees, staking and governance, and also acting as the mechanism for merchant processing and user trust scores in the broader Coti network. As part of its evolution to cater to Ethereum, COTI itself is being migrated from Cardano to the Ethereum chain In addition, Coti is moving from its Directed Acyclic Graph technology to an EMV-compatible architecture. Despite this shift, it will retain its primary privacy-enabling feature, garbled circuits, which ensures full confidentiality of all transaction data. What’s most impressive about Coti is its claim to support a whopping 100,000 TPS, an astonishingly high throughput that’s enable through ZK-proofs. In addition, Coti has an expansive reach as its support for the Inter-Blockchain Communication or IBC protocol enables compatibility with the growing Cosmos ecosystem, in addition to EVM-based chains. On the downside, developers should recognize that Coti’s transition is a slow process that requires careful adaptation and through testing, which explains its comparatively low TVL of just $28.98 million. Layer-2s Are Future Of DeFi Layer-2 networks are rapidly emerging as the new foundation of the DeFi ecosystem, not only on Ethereum, but on most other blockchains. Not only do they scale the L1 networks they’re designed to support, but they also help to facilitate more seamless interoperability across them, creating a more interconnected DeFi ecosystem with greater privacy for every users. This explains why L2 networks are no longer just a hot trend in DeFi – they represent a paradigm shift for the alternative financial industry, helping every protocol to converge into a larger, more expansive ecosystem. L2s are strengthening the foundation of the DeFi industry so it can scale to support the masses and unlock new opportunities for growth.

Sui hit a new all-time high propelled by the current bull run in the crypto market. The altcoin’s daily trading volume surged by 55.15% as per CMC data. Several altcoins are rallying in price movements over the past week. After Bitcoin claimed new All time highs thrice in the last few days, the cryptocurrency market has proceeded onto a full bullish trend. Almost every cryptocurrency has hit new trading levels rising from its previous slumps or retracing to previous highs. Notably, one particular altcoin that has taken to the spotlight multiple times is Sui Network’s SUI. Amid the Altcoin season beginning, as speculated by the community, SUI has once again shown signs of establishing a bullish comeback. Specifically, in the last 24 hours, the cryptocurrency has rallied 9.07% surpassing the $3 milestone. At the beginning of the day, the altcoin was trading at the $2.8 level before surpassing the aforementioned milestone. Additionally, SUI’s daily trading volume has also surged by 55.15%. At the time of writing, Sui was trading at $3.15 as per CMC data. Notably, the altcoin also hit a new ATH of $3.28 in the last 24 hours, surpassing its previous high that stood at $2.38. Contrary to other altcoins, SUI had initially begun its bull run during the month of September, although it was not linear. The altcoin witnessed several price dips that at times overshadowed the upward trend. However, SUI has now utilized the market momentum to pump its prices. This has once again drawn market attention to SUI. Will SUI Sustain its Bull Run? On inferring the technical indicators, the altcoin’s Chaikin’s Money Flow (CMF) value stands at a positive 0.30. This would highlight an increased flow of capital and subsequently, the existing upward trend. Furthermore, SUI’s bull power indicator value lies at 1.5, while its bear power indicator value holds at a low of 0.44. SUI/USDT Daily Price Chart (Source: TradingView) This further confirms the sustenance of the bull run. On the other hand, the cryptocurrency has also exhibited increased volatility as per TradingView data. Its RVI stands at a high of 83.11. Thus, in order to further confirm its bull run, SUI prices must steady from the current fluctuations. Meanwhile, other altcoins such as DOGE and Solana have also shown upward movements in the past few days. Highlighted Crypto News Today: SHIB’s 25% Surge Pushes It Into the Top 10 Cryptos

Bitcoin surged past the $82,000 mark on Binance, marking a substantial 17% increase since the public announcement of Donald Trump’s victory in the recent US presidential election on Wednesday, November 6. Over the past weekend, the BTC price staged a rare “weekend pump”, rallying by more than 6%. While there are several reasons for this move, one clear main reason stands out: The victory of Donald Trump. #1 The Bitcoin “Trump Pump” Donald Trump’s victory has significantly bolstered Bitcoin’s market sentiment, primarily due to his campaign promises and supportive legislative initiatives. During his election campaign, Trump pledged to establish a national Bitcoin reserve by retaining ownership of the 208,000 Bitcoins confiscated through various law enforcement actions over the years. Senator Cynthia Lummis, a Republican from Wyoming often dubbed the “Bitcoin Senator” for her staunch advocacy, introduced the Bitcoin Act. This legislation aims to acquire 1 million BTC within a five-year timeframe. As Bitcoinist reported, the Bitcoin reserve could become a reality quite fast. BTC Inc. David Bailey, who is a key Bitcoin advisor to Trump, said recently that it could be done within the “first 100 days” of Trump’s term. In light of this, crypto research firm Matrixport writes in their latest investor note: “With expectations that Trump will transform US regulatory policies into a more pro-crypto environment, the bullish momentum appears difficult to halt. With his inauguration set for January 20, 2025, the market has several weeks to sustain this rally. Arthur Hayes, founder of BitMEX, echoed this optimism on X: “Some of y’all don’t believe Trump is about to trash the $ and print money. BTC disagrees. Here is Bitcoin leading vs. my new money supply indicator US Bank Credit. The market is speaking, listen up.” Renowned crypto analyst MacroScope (@MacroScope17) further elaborated on the implications for institutional investors: “Very important for BTC traders to understand how the game has changed since the election. In the institutional world, investments are built around having a thesis […] It’s hard to overstate how much the thesis has now changed for BTC in terms of the policy/political element.” #2 Rumors About Bitcoin Nation-State Adoption The strategic plans to establish a national Bitcoin reserve under Trump carry substantial geopolitical weight, potentially igniting a global race to amass Bitcoin reserves. David Bailey remarked, “The Bitcoin Space Race has begun,” noting that “the game theory is playing out faster than anyone could have expected.” Mike Alfred, founder and Managing Partner of Alpine Fox LP, shared his excitement on X: “I just got a call out of the blue. It was someone important and they said someone huge is buying Bitcoin in size tonight. I almost couldn’t believe it when they said the name. Wild. We are going so much higher.” Bailey commented on November 10, “There is at least one nation state that has been actively acquiring Bitcoin and is now a top 5 holder. Hopefully, we hear from them soon.” His assertion, accompanied by a meme suggesting certainty over speculation. He added on the size: “Top 5 holder of bitcoin across all users.” #3 Short Squeeze A significant short squeeze has also contributed to Bitcoin’s price surge. Charles Edwards, founder of Capriole Investments, commented on X: “Circa $1B of shorts squeezed! From the weekend move from $76 to $81K. Open interest at the same level as when BTC traded at $62K. Provided funding continues to settle down, a very healthy up move.” Data from Coinglass corroborates this, revealing that on Sunday, $133.15 million in BTC shorts were liquidated, with additional $33 million on Saturday. This substantial liquidation of short positions has reduced selling pressure, thereby fueling further upward momentum in Bitcoin’s price. #4 Retail Is Back The resurgence of retail interest has been another pivotal factor in Bitcoin’s recent rally. Cameron Winklevoss, founder of Gemini, observed on X: “The road to $80k bitcoin was paved with steady ETF demand. Not retail FOMO. Little fanfare. People buy ETFs, they don’t sell them. This is sticky HODL-like capital. Floor keeps rising. Where are we in the cycle? We just won the coin toss, innings haven’t started.” Google Trends data supports this narrative, indicating a 53% increase in Bitcoin-related searches since the first weekend of October. On November 10, Bitcoin web searches peaked at 95, up from 42 points at the end of October. This surge in search activity suggests heightened retail interest and potential influxes of new investors into the market. At press time, BTC traded at $81,259.

Zug, Switzerland, November 11th, 2024, Chainwire Proven-at-Scale Technology Enhances Security, Privacy, Compliance and Incentives for Global Digital Finance Virtual Assets Lab, AG (VAL.com) is pleased to announce the launch of its next-generation stablecoin management and wallet platform. Designed to advance digital finance, this platform offers secure, compliant, and customizable solutions for users, blockchain networks, exchanges, institutions and governments Virtual Assets Lab’s technology has already been proven-at-scale with over $100 billion in managed transactions and more than one million mobile app installations across 180+ countries, achieving an average rating of 4.5+. Introducing “1Currencies” Launching symbolically on 11/11, Virtual Assets Lab (VAL.com) is excited to debut our flagship stablecoin line, “1Currencies” – a comprehensive suite of G10 currencies beginning with 1USD. With over 99% of stablecoin transactions in USD, 1USD ensures compliance and security, while offering cutting-edge features and attractive economics. 1USD is coming to centralized exchanges globally in 2025 Introducing “VAL Mobile App”With the new VAL app, users gain a streamlined way to create and manage wallets, access stablecoins, and establish self-sovereign IDs (SSIs) backed by verified credentials, enhancing security and privacy. The app supports interaction with decentralized applications (dApps), exclusive marketplace offerings, and provides free hack monitoring for user assurance. Designed to bring Web3 capabilities to everyday users, the VAL app promotes greater control and confidence in digital finance. Virtual Assets Lab’s Key Benefits: Proven-at-Scale: Virtual Assets Lab’s stablecoin management system has successfully handled over $100 billion in transactions and VAL’s mobile app has achieved over one million installs from users in more than 180 countries, with an average rating of 4.5+. Flexible Pricing with Shared Economics: Virtual Assets Lab offer flexible pricing models, lower startup costs, and yield-sharing options, making VAL an ideal partner for Layer 1 blockchain networks and exchanges seeking cost-effective stablecoin solutions. Support for G10 Currencies: Virtual Assets Lab’s platform supports multiple fiat currencies, including USD, EUR, JPY, GBP, CHF, CAD, AUD, NZD, SEK, and NOK, facilitating global adoption and accessibility. Chain-Agnostic and Exchange-Neutral Design: Virtual Assets Lab’s stablecoins are compatible with various blockchain networks and exchanges, providing flexibility and promoting financial inclusion. Highly Customizable & Easy to Integrate: Virtual Assets Lab’s cutting-edge platform is highly customizable, easy to integrate and offers robust support services, enabling more efficient onboarding and ongoing management. Virtual Assets Lab’s Trust Layer: Compliant & Licensed: Virtual Assets Lab are licensed and registered across various jurisdictions including; VQF (Switzerland ), EMI* (Europe ), VASP (Europe) & AUSTRAC (Australia). Secure and privacy-first: Virtual Assets Lab’s stablecoin platform is partnered with trusted custodians and utilizes secure back-end cross chain transferability and high security. Virtual Assets Lab’s mobile app wallet technology is SOC II compliant and leverages self-sovereign identity (SSI) and reusable, verified credentials (VCs) for added security and privacy. Transparent: Virtual Assets Lab offer full transparency by publishing third party, real-time attestations, legally attesting to the balances held backing “1USD” cross-referenced against ” 1USD” balances on chain. About Virtual Assets Lab (VAL.com) Virtual Assets Lab (VAL.com) is a digital finance infrastructure provider specializing in stablecoin management and wallet solutions. With a team of seasoned professionals experienced in web3 and crypto projects, leading consumer and enterprise technology, finance, and compliance, VAL is dedicated to supporting the global transition to digital finance. For Media Inquiries: Virtual Assets Lab Team / [email protected] Contact Co-Founder Bill Wolf Virtual Assets Lab (VAL.com) [email protected]

With great pride, DWF Labs is pleased to announce that it has been included as a case study in the book The STO Financial Revolution, which is the most recent educational endeavor spearheaded by Alex Nascimento from the UCLA Blockchain Faculty. By working together, DWF Labs is demonstrating its dedication to enhancing institutional knowledge and influencing the ever-changing landscape of Security Token Offerings (STOs) and the larger Web3 sector. The DWF Labs case study, which is prominently featured in this extensive resource, offers insights into the innovative crypto market-making strategies and liquidity solutions that the company has developed. The purpose of this case study is to provide students, entrepreneurs, professionals, and industry leaders with practical knowledge of tokenized securities. This textbook has been compiled by Alex Nascimento, who is not only an author but also a faculty member at UCLA and a co-founder of the Blockchain initiative. The textbook is intended to serve as a primary academic resource, bringing together industry insights and strategic frameworks for STOs. Andrei Grachev, Managing Partner of DWF Labs stated: Alex Nascimento, from the Blockchain Faculty, UCLA Masters of Quantitative Economics stated: DWF Labs is continuing to improve its position as a top crypto investment firm, institutional influencer, and thought leader with the implementation of this initiative. Through the assistance of academic and professional knowledge of STO mechanisms, regulatory frameworks, and liquidity management, this relationship further aligns with their aim to encourage the development of the sector. As a great educational resource, The STO Financial Revolution will be made accessible to readers. It will provide a comprehensive exploration of the STO landscape and equip professionals with the ability to manage the complexity of the tokenized securities market. DWF Labs is a new generation Web3 investor and market maker. It is one of the biggest high-frequency cryptocurrency trading firms in the world, and it trades spot and derivatives markets on over 60 of the most prominent exchanges. Should you want any more information, kindly visit www.dwflabs.com.

A meme coin developer is pushing for an ambitious plan of establishing a new American metropolis, similar to Silicon Valley, that is designed solely for the blockchain industry. Shiba Inu creator Shytoshi Kusama is urging the Donald Trump administration to consider the idea of a hub devoted to blockchain innovators and entrepreneurs. Shiba Inu City: An Ambitious Plan In a post, Kusama puts forward his audacious proposal to create the blockchain version of Silicon Valley to allow the blockchain ecosystem to thrive. Kusama called the new city the Strategic Hub for Innovation in Blockchain (S.H.I.B), which he claimed is aligned with Trump’s vision of establishing new technology-centered American cities. In 2023, Trump announced that once he got elected as US president, he will build 10 cities on federal land. He said these will be called “freedom cities”. These new US cities, he pointed out, would give the country a “new American future” after the nation, according to him, has “lost its boldness.” With Trump emerging victorious in the US election, the Shiba Inu creator saw this as an excellent opportunity to push for his proposed blockchain hub. Cost Effective Kusama agrees that transforming one of the American cities and making it a hub for the blockchain industry would be expensive in the short term. The meme coin developer said that establishing the SHIB would cost the US government around $1.3 billion to $2.35 billion and would require five to 10 years to build. However, he noted that the Trump administration should not focus on the short-term expenses but on the long-term economic and geopolitical benefits it will bring to the country. He said that SHIB’s outcomes would offset the cost of building it, explaining that in one to two years, he predicts that the blockchain hub would create 5,000 jobs. The crypto developer added that the project could bring around $500 million into the local economy. It would also attract more than 100 blockchain startups to establish their business in the hub. Kusama said: A Strategic Investment Kusama sees S.H.I.B. as a project that is transformative for the country, saying that it is a step to allow the US to clinch a strategic advantage in blockchain technology. He predicted that the hub would become a self-sustaining ecosystem that could bring over $5 billion to the US economy every year, adding that it would also bring $500 million in tax revenues annually. The crypto market responded favorably to the plan, pushing SHIB price to hit the $0.00002727 mark — a 23% increase in 24 hours. Kusama believes that the project is a “strategic investment” essential for the country’s future since the proposal would generate significant economic returns and would make the country the leader in blockchain technology. “With the President’s support, we can embark on this transformative journey, ensuring prosperity and security for generations to come,” he concluded. Featured image from MDogsW, chart from TradingView

Shiba Inu (SHIB) saw a 25% rally, reaching an intraday high of $0.00002785. SHIB has entered the top 10 crypto rankings, overtaking TON and TRX, with a market cap of $14.16 billion. The global crypto market has continued to be bullish since the U.S. election results, which led the pro-crypto candidate Donald Trump to win the presidency. Following that, Bitcoin setting new highs every day. Today, BTC recorded an all-time high of $81,858. This rally has boosted the altcoin market including meme coins such as Shiba Inu (SHIB), leading the charge. In fact, SHIB has climbed into the top 10 in crypto rankings, flipping Toncoin (TON) and Tron (TRX), and securing the 10th spot with a market cap of $14.16 billion. Over the past 24 hours, SHIB price has increased by 25.85%, rising from a low of $0.00002213 to an intraday high of $0.00002785. At the time of writing, the memecoin was priced at $0.00002502—having a daily trading volume of $6.05 billion—skyrocketed by 248% in the last 24 hours. While its price has slightly pulled back, it remains well above the crucial support level of $0.0000235. A major factor driving this rally is Shiba Inu’s increased burn rate, which has surged by over 1837% in the past 24 hours, with 463,450,468 SHIB tokens being burned. This burning trend has been gaining momentum since the end of October, further fueling optimism among investors. SHIB Burn Rate (Source: Shibburn) Crypto analysts are bullish on SHIB’s future, predicting a potential 300% surge and expecting to hit the $0.000081 zone. Technical indicators also support this outlook. 24-H Technical Indicators Hints Bullish Reversal for SHIB According to the SHIB/USDT trading pair on the daily price chart, the Chaikin Money Flow (CMF) is at 0.22, signaling strong buying pressure. A CMF value above 0.20 shows significant accumulation, suggesting that investors are actively buying, which may support a bullish trend. Shiba Inu (SHIB) Price Chart (Source: TradingView) Further, the RSI stands at 73.15, indicating SHIB is in the overbought zone. An RSI above 70 often suggests that the asset might be overvalued, signaling a potential pullback or correction. However, if the bullish momentum is strong, SHIB could sustain its uptrend despite being overbought. Additionally, the memecoin’s price is firmly above the 50-day simple moving average (SMA). Moreover, the 50-day MA is approaching a crossover above the 200-day MA, where SHIB recently crossed it, indicating a potential bullish reversal. This crossover, often called a “golden cross,” follows a bearish “death cross” back in July, which led SHIB into a downtrend. If this golden cross holds, SHIB may climb back toward its yearly high of $0.0004550. However, it first faces a key resistance level at $0.000030. At this level, a correction could happen and send the crypto price down to $0.00001687 or even $0.00001070 if bearish pressure increases. Highlighted Crypto News Today Will Ethereum (ETH) Hold the $3K Line or Drop Below?

Ethereum trades at $3.1K, reflecting a 2.30% loss over the last day. The market witnessed a liquidation of $90.57 million in Ethereum. The cryptocurrency market shook off the bearish pressure and surged to a $2.73 trillion market cap. Bitcoin (BTC), the largest asset, leads the charge, hitting its all-time high at $81.8K. Notably, Ethereum (ETH) has overcome the $3K mark, a crucial resistance that has held firm for the past few weeks. The price explosion of both assets might bring in bullish sentiment in the crypto market. As per analysts’ findings, Ethereum’s bullish movement could lead to a remarkable rally. And this breakout could fuel the upcoming altcoin season. Apart from the overall bullish signals, the largest altcoin has lost 2.30% over the past 24 hours. However, due to the bearish price action, ETH chose a downside rally for the day. At press time, Ethereum is trading at $3,139. Throughout the day, the asset has dipped to a low of $3,073 and surged to a high of $3,249. It’s significant to point out that the market observed a liquidation of $90.57 million worth of Ethereum during this timeframe. In the meantime, the daily trading volume of ETH stays at 44.99 billion. A Genesis-related wallet, inactive for nearly 3 years, has transferred 1,550 ETH worth $5 million to Coinbase. The wallet has received 6,292 ETH back on July 30, 2015. Notably, the whale transaction data reveals a surge in activity from key stakeholders. That triggered Ethereum to reach a 14-week high. Additionally, ETH transaction volume has spiked, reaching $10.4B in recent days, signaling increased market participation. How Will ETH Move Next? The technical indicators of the ETH/USDT trading pair exposed a brief negative sentiment as the Moving Average Convergence Divergence (MACD) line settled below the signal line. This indicates the arrival of a negative trend in the market. ETH chart (Source: TradingView) Besides, the Chaikin Money Flow (CMF) indicator is found at 0.20, suggesting a strong market signal highlighting demand and hinting at the probability of an upside rally. Meanwhile, Ethereum’s daily trading volume has soared by over 36.51%. Ethereum’s four-hour price chart signals a fresh rally at $3.1K. Maintaining bullish momentum is the key to ETH’s higher climb. The asset’s bullish pace could trigger it to hit $3.5K and climb beyond if the ETH price tests the key resistance at $3,387. On the contrary, if Ethereum couldn’t stretch out to the upside, it might likely ignite a downside correction. The major support can be traced at the $2.9K level. Moreover, a steady decline might drive the ETH price toward the $2.7K mark, returning it to its prior trading range. The ongoing market sentiment of ETH is likely to approach the overbought zone, as the daily relative strength index (RSI) is positioned at 66.92. Particularly, the daily frame of Ethereum exhibits the short-term 50-day moving average above the long-term 200-day moving average. Highlighted Crypto News Are DOGE Traders Set to Ride a Prolonged Rally?

Bitcoin crosses $80,000 for the first time, with a market cap exceeding $1.5 trillion. BlackRock and Fidelity ETFs add over $1.6 billion to Bitcoin, signaling institutional demand. Bitcoin’s price has soared past the $81,000 mark, setting a new record in market history, with the cryptocurrency reaching a market cap of over $1.5 trillion just days after Donald Trump’s election as President of the United States. Tokens including Ethereum, Dogecoin, and Cardano, have also seen notable gains, reflecting broader bullish sentiment in the crypto market. During his campaign, Trump promised to make the U.S. a global crypto leader, proposing a strategic Bitcoin reserve and pledging to appoint pro-crypto regulators. Since his victory on November 6, Bitcoin has surged by 15.65%, marking its best weekly performance since February. The current Bitcoin rally builds on a roughly 81% increase in 2024, spurred by strong demand for U.S.-based Bitcoin ETFs and interest rate cuts. This growth rate has positioned BTC as as an outperformer relative to traditional investments like stocks and gold. ETF activity, particularly from BlackRock, has played a substantial role in this upward trend. BlackRock recorded its largest-ever Bitcoin inflow, adding $1.12 billion in Bitcoin holdings last week. This influx signals institutional confidence in Bitcoin, further amplifying anticipation for a prolonged bull run, with analysts projecting that Bitcoin could approach the $100,000 mark in the coming weeks. Bitcoin Withdrawals Surge as RSI Signals Bullish Momentum In a recent research note, Alex Thorn, head of research at Galaxy Digital, highlighted the potential for a “golden era” for crypto under Trump’s administration. Trump’s pro-crypto stance, combined with a team of crypto advocates, could lead to significant policy shifts benefiting the industry. Meanwhile, recent data on Binance reveals intensified withdrawals, suggesting that major holders are moving their assets off exchanges to secure them. In the past hour alone, five new wallets withdrew 745.5 BTC, worth $59 million. Since November 6, a total of 32 fresh wallets have withdrawn 5,364 BTC, equating to $425 million, reflecting a trend of heightened outflows from Binance. Technical analysis supports the bullish sentiment, with Bitcoin’s Relative Strength Index (RSI) currently overbought at 78.67, indicating strong buying momentum. The 9-day and 21-day moving averages continue to trend upward, with recent crossovers reinforcing upward momentum. If Bitcoin breaks its nearest resistance level of $82,000, it could continue its ascent toward the highly anticipated $100,000 mark. On the downside, support levels stand at $77,500 and $74,700, where prices may find stability if a correction occurs. Highlighted Crypto News Today a16Z Crypto Eyes a Positive Path for Regulations in Trump Leadership