The worldwide client base of Crypto.com will have access to a wide variety of new global merchants as a result of a strategic relationship that was recently announced between Triple-A and Crypto.com. Crypto.com users will soon be able to make purchases from renowned e-commerce companies directly using cryptocurrency from inside their trusted Crypto.com wallets, and they will also be able to earn special crypto rewards. This initiative will begin in Singapore. Soon, users of Crypto.com will be able to take advantage of an improved checkout process across a wide range of online retailers operating in many different sectors, including gaming, fashion, luxury, and travel. In order to facilitate cryptocurrency transactions, Triple-A eliminates the need for customers to transfer their digital assets into their native currency, providing a quick and uncomplicated method. The collaboration between the two companies located in Singapore demonstrates Crypto.com and Triple-A’s dedication to the common goal of making cryptocurrencies a payment option that is easily accessible and used on a daily basis. Their goal is to enable consumers to make purchases directly with their cryptocurrency balances by doing away with conversion costs and streamlining the payment procedure. This agreement gives businesses access to a fast growing audience of customers who possess cryptocurrency, and it makes the process of incorporating cryptocurrency into their payment suite as straightforward as integrating any other payment option now available. The completely regulated solution offered by Triple-A protects merchants from the volatility of cryptocurrencies and allows them to take advantage of next-day settlements directly in their local currency. Additionally, there is no need for merchants to keep, manage, or report any digital assets. Additionally, Triple-A guarantees that all transactions will continue to be conducted in fiat currency, so giving businesses with a payment experience that is consistent, reliable, and consistent with their current payment operations. Eric Barbier, CEO at Triple-A stated: Eric Anziani, President and COO of Crypto.com stated: Triple-A, a financial institution that is licensed to deal in several digital currencies, gives companies the ability to send and receive payments in both conventional and digital currencies without experiencing any fluctuations in value. It reduce expenses and allow speedy global payments around the clock by avoiding middlemen and banking hours. This makes it easier for companies all over the globe to manage their cash flow. In addition to maintaining the highest possible regulatory requirements, its white-label payment systems are designed to fit in seamlessly with the operations of an existing firm.

Luxembourg, Luxembourg, November 21st, 2024, Chainwire DegenLayer, a newly launched memecoin focused blockchain & trading terminal app suite, has announced its testnet release, marking a key step toward its upcoming mainnet launch. The platform aims to facilitate zero setup memecoin trading and creation, leveraging the $20 billion liquidity within the Optimism Superchain ecosystem. The project’s developers project daily revenues of $1 million in ETH, assuming a daily DEX trading volume of $200 million. With low transaction fees and a streamlined user interface, DegenLayer seeks to provide a gateway for mainstream users to engage in blockchain-based trading and creation. The project’s native token $DELAY was fair launched on Uniswap last week, and is set to be listed on one of the top 15 CoinGecko-ranked exchanges next week, providing access to the token to their 10 million+ user community. The project is powered by a 60+ person team behind notable successes including PunksClub.io the CryptoPunk social network, Music.com (developed with Pharrell Williams), and AAA games like The Witcher 3 and Dying Light 2. The founding team previously achieved remarkable success with SuperBid, driving token value from $0.01 to $12 in 2021. Key features and projections: Innovative “Pump Technology” with 50% of revenue allocated to viral user rewards, $DELAY and memecoin buybacks Viral referral program projecting $100,000 daily reward distributions Seamless integration with Telegram’s 1B+ user base via a mini app One-click memecoin creation and trading interface for non-crypto users Transaction fees below $0.01 with 2,000 TPS capacity DegenLayer’s launch represents a significant milestone in making memecoin trading accessible to mainstream users while leveraging established Optimism infrastructure, the same that is used by Coinbase’s BASE Layer 2. About DegenLayer DegenLayer is a trading terminal and Ethereum Layer 2 blockchain designed to make memecoin trading accessible to mainstream users. Built on Optimism technology, the platform offers low-cost, high-speed transactions and a zero setup interface for memecoin trading and creation. Backed by a team with expertise in Web3, gaming, and entertainment, DegenLayer aims to bring innovative blockchain solutions to the global market. For more information about DegenLayer and its revolutionary approach to memecoin trading, users can visit https://degenlayer.wtf. Media inquiries can be directed to [email protected]. Contact CEO Jacob Rylko DegenLayer [email protected]

Bitcoin ETFs reach $100.55B just 10 months post-launch. Trump explores White House crypto policy role, boosting Bitcoin. US spot Bitcoin exchange-traded funds (ETFs) have achieved a historic milestone, surpassing $100 billion in total assets. This comes just ten months after their debut in January, marking one of the fastest fund category launches in history. Twelve spot Bitcoin ETFs, including products from BlackRock Inc. and Fidelity Investments, reached a combined asset value of $100.55 billion on Wednesday. This figure represents 5.4% of Bitcoin’s total market capitalization. BlackRock’s IBIT leads the pack with $45.4 billion, while Grayscale’s GBTC holds $20.6 billion. Bitcoin’s surge continues to drive ETF inflows, which totaled $733.5 million on Wednesday and $837.36 million the day before. Since the US election on November 5, ETFs have seen $5.8 billion in net inflows, fueled by optimism around President-elect Donald Trump’s pro-crypto stance. Record 2024 Gains for Bitcoin Trump’s transition team is reportedly exploring a dedicated White House digital-asset policy post, signaling potential institutional support for cryptocurrencies. This pro-crypto sentiment has bolstered Bitcoin’s price, which climbed 3.6% to a record $97,892 on Thursday. The cryptocurrency’s value has risen 129% in 2024, outperforming traditional assets like stocks and gold. Futures markets reflect similar optimism, with March contracts trading at a premium of 5% to the spot price. Analysts attribute the rally to several factors, including increased institutional adoption and the recent introduction of Bitcoin ETF options. BlackRock’s iShares Bitcoin Trust led the launch of these options on November 5, followed by products from Grayscale and Bitwise. The availability of Bitcoin ETF options has further solidified Bitcoin as a mainstream asset. It has attracted a growing number of institutional investors seeking to integrate cryptocurrency into their portfolios. Bitcoin futures on platforms like Deribit also signal strong market sentiment. Contracts expiring in 2024 trade above $100,000, while options with $100,000 strike prices show significant interest. Highlighted Crypto News Today Why Is Ethereum (ETH) Stalling at $3.1K While Bitcoin Surges?

Ethereum continues to hover around the $3.1K mark. A breakout above $3.4K resistance could ignite ETH’s next rally. The largest crypto asset, Bitcoin (BTC), is in the spotlight in the crypto market, nearing the much-anticipated $100K threshold and setting a new all-time high of $97,862. The BTC rally has driven gains across altcoins, but Ethereum (ETH), the largest altcoin, remains an exception. As Ethereum lags behind Bitcoin, the price has stepped into the consolidation phase. ETH price soared to $3,420 on November 12, and this level is the crucial resistance. Notably, the asset fluctuates between $3.2K and $3K. The asset faces strong challenges in breaking through significant resistance levels that could reignite bullish sentiment. According to analysts, a breakout above the crucial resistance could initiate a new upward phase for ETH. ETH has a modest gain of 0.58% over the past 24 hours. At press time, the asset trades at $3,141, and it has dipped to a low of $3,032. Furthermore, the market observed a liquidation of $65.67 million worth of Ethereum during this timeframe. In the meantime, the daily trading volume of ETH stays at 44.99 billion. On the other side, the seven-day outlook of Ethereum shows a loss of over 2.45%, completely drenched in red. The asset began the week trading at $3,209 and ETH visited its weekly low at $3,018. ETH itself hinted at a steady downside correction through its trading pattern. Is Ethereum Susceptible to a Decline? Ethereum’s four-hour price chart exhibits the continued downside momentum. A gain beyond the current level will occur only if the asset hits $3.2K. In the scenario where ETH pushes its price higher, it might test the nearby resistance at $3,294. If the asset holds steady, it could surge to $3.4K. On the other side, if the current declining pace continues, Ethereum could test its nearest support level at $2,915. A potential break below this price range could push ETH to slip even lower and the price might fall to the $2,760 mark. In addition, the technical analysis of Ethereum exposed the current bearish momentum. The Moving Average Convergence Divergence (MACD) line is likely settled beneath the signal line. This could indicate an upcoming downturn in the market. Besides, the Chaikin Money Flow (CMF) indicator is situated at 0.08 indicating a brief positive money flow, hinting at a possible surge in demand. Meanwhile, Ethereum’s daily trading volume has increased by over 25.50% to $35.13 billion. ETH’s current market sentiment is in the neutral zone with the daily relative strength index (RSI) found at 51.69. Moreover, the daily frame of the asset reveals the short-term 50-day moving average above the long-term 200-day moving average.

SHIB burn rate surges 2225%, reducing token supply. Technical bullish signals hint at a potential breakout for SHIB. Shiba Inu (SHIB), one of the leading meme coins, has captured market attention as Bitcoin maintains its rally above $97,500. Despite a 2.19% decline in the past 24 hours, SHIB trades at $0.00002408, down 8% over the week but up 33% in the last month. A significant factor driving market sentiment is the dramatic increase in SHIB’s burn rate. On November 21, the burn rate surged by 2225%, with 14.58 million tokens permanently removed from circulation, according to data from Shibburn. Over the past week, a total of 50.06 million tokens have been burnt, reducing the circulating supply and bolstering optimism about the token’s future. Meanwhile, SHIB’s total supply currently stands at 589.26 trillion tokens. The ongoing reduction in supply has been a key factor in driving market interest, with investors anticipating a potential parabolic rally. SHIB Price Chart, Source: Sanbase What is Ahead For SHIB? Despite this optimism, SHIB experienced a minor intraday decline, with its 24-hour low and high at $0.00002311 and $0.00002478, respectively. Technical analysis reveals a bullish golden cross pattern on it’s daily chart, as the 50-day moving average has crossed above the 200-day moving average. This formation often signals prolonged upward momentum. SHIB is currently testing a critical resistance level at $0.00002275. A decisive break above this could pave the way for the token to reach $0.00004, a milestone not seen in months. On-chain metrics further reinforce the bullish sentiment, with a 50.91% positive price-DAA divergence indicating increased network activity and investor engagement. Moreover, exchange reserves for SHIB have declined by 0.46% in the last 24 hours, suggesting reduced selling pressure and strong accumulation. Open interest has also risen by 4.85% to $101.71 million, reflecting heightened speculative activity. While Shiba Inu faces resistance and potential corrections, its technical strength and positive market sentiment position it for continued growth. Highlighted News Of The Day Trump Administration Plans New White House Role for Crypto Regulations

Trump’s team is working on creating a new White House role focused on crypto regulations and industry growth. The role could connect the government, Congress, and regulators to streamline crypto rules and foster innovation. Donald Trump’s team is planning a new White House crypto policy role, signaling a more organized approach to Crypto regulation and innovation in the U.S. According to Bloomberg report, Source : Bloomberg Even before taking office, Donald Trump is making things up in the crypto world. His transition team reportedly plans to create a brand new position in the White House focused entirely on cryptocurrency. This could be a big step toward giving the U.S. a stronger role in shaping the future of digital assets. The details are still vague, but the person in this role sometimes referred to as a crypto czar would likely oversee crypto policies and regulations across government agencies. This means working with regulators like the SEC and CFTC, bridging the gap between Congress and the White House, and possibly building a more organized approach to crypto oversight. Key Candidates for the Crypto Regulation Role Trump has been vocal about his support for crypto, making it a key point during his campaign. He’s promised to fire SEC Chair Gary Gensler, known for his tough stance on crypto, and even floated the idea of creating a special advisory council for digital assets. He’s not just talking either he’s been meeting with major crypto leaders like Coinbase CEO Brian Armstrong and former Binance.US executive Brian Brooks. This could mean big things for the industry. A dedicated White House role for crypto might help simplify regulations, encourage innovation, and boost trust in digital currencies. Supporters hope it will make the U.S. a leader in the crypto space. But not everyone is cheering. Some critics worry this could lead to more lobbying and favouritism for big crypto players. Bitcoin’s surge toward $100,000 shows the industry is gaining momentum. If Trump delivers on his promises, we might see a U.S. that is more welcoming to crypto than ever before. Still, the real test will be whether this move creates fair rules that benefit everyone, not just a select few. For now, crypto enthusiasts have reason to watch closely. In the next chapter, Trump’s actions could define the relationship between government and digital assets. Highlighted Crypto News Today Is XRP Facing Price Consolidation After 106% Monthly Surge?

With its liquid staking program, Solana storage scaling solution Xandeum has achieved a new milestone. With Xandeum’s industry-leading APY of over 15%, more than 30K SOL, valued at over $8M, are now staked via the platform, and TVL is growing quickly. Compared to other liquid staking pools like Jito and Marinade, that is double the APY. Solana users may utilize a liquid staking token with several use cases to engage in SOL staking via Xandeum’s staking pool. With an average annual percentage yield (APY) of above 15%, the Xandeum staking pool has surpassed other top SOL staking programs. Since the switch to Xandeum’s storage-enabled liquid staking infrastructure, the number of wallets staked to the native Solana validator has already surpassed 2,700, and it is expected to rise quickly. Because Xandeum has a quadruple rewards mechanism, its stakers may benefit from the largest SOL staking yield. Block rewards, staking rewards, XAND rewards, and MEV incentives are all included in this, increasing the overall APY to above 15% (as of writing). Xandeum is the first liquid staking protocol to programmatically distribute MEV and block rewards with stakers in order to increase overall APY, while Solana validators often collect these benefits. Xandeum CEO Bernie Blume said: During the bootstrapping phase of Xandeum’s staking pool, stakers have had access to higher-than-normal XAND payouts, which has given Solana users even more motivation to stake their SOL. The scalable storage layer from Xandeum, which will soon be released and integrates directly with Solana RPC nodes, will increase incentives even more by giving applications that use the solution a portion of the costs they pay. With more benefits to come, it’s future-proof staking. Exabytes of data will be accessible using Xandeum’s storage solution, enabling Solana dapps to grow. New use cases like moving data-rich web2 applications to web3 will be supported by this. Because it is scalable, inherent to smart contracts, and allows for random access, Xandeum was created to address the blockchain storage trilemma. The expansion of LSTs on Solana is mostly due to the increase in TVL for Xandeum’s liquid staking program. It’s also democratizing access to Solana staking and contributing to the network’s further decentralization. Xandeum is leading the way in a more equitable staking strategy by sharing block rewards and MEV with SOL stakers. Furthermore, all pool fees are being sent by Xandeum straight into the Xandeum DAO treasury, which is governed by XAND token holders. Xandeum is the first storage-enabled liquid staking platform in the world and a storage scaling solution for Solana. With the help of the XAND token, Xandeum is expected to introduce its network of storage providers in early 2025, bringing with it a significant advancement in decentralized Solana storage that will enable a new generation of dapps. Visit https://www.xandeum.network to find out more.

A young crypto trader attempted to rug-pull a Solana-based memecoin on a live stream, but the crypto community joined to “teach him a lesson” by sending the token to an $80 million market cap. Solana-Based Memecoin Rug Pulled By 12-Year-Old As the market enters the rally’s second leg, Solana memecoins remain the cycle’s top narrative, and many traders continue to try to find and profit from the next big thing. However, scammers continue to attempt to take advantage of the memecoin frenzy. A Gen Z trader has made the headlights after trying to rug a Solana-based memecoin he created on a live stream. The 12-year-old trader has a crypto-dedicated X account and has previously shared his profits. On Monday, he posted a picture sharing he “just made $2k before school.” The next day, the young trader launched the Gen Z Quant (QUANT) token on the popular Solana-based launchpad, Pump.fun. While the token’s price rose, he expressed surprise before flipping the watchers. According to the on-chain analytics firm Lookonchain, the kid sold all his QUANT holdings, around 51 million tokens. The Gen Z trader got 128 Solana (SOL), worth $30,000, for the tokens, making a $29,600 profit in minutes. After the kid ended the live stream, the crypto community took over the Solana memecoin, sending the price toward the $0.08 mark as “revenge.” The token rose over 77,000% to a market capitalization of $82.3 million in the early hours of Wednesday before retracing toward the $50 million mark. As a result, the Gen Z trader’s holdings would have been worth around $4 million just a few hours after rug-pulling. Some crypto investors considered the takeover a “lesson for all of those who rug.” Meanwhile, others questioned the state of the community for it to be scammed by a child and argued that investors should not abandon the Solana memecoin “to prove a point.” The Rapid Fall Of QUANT Following the rug pull, the kid created another two memecoins, LUCY and SORRY, seemingly poking fun at the crypto community for his QUANT scheme. However, he sold these tokens for 103 SOL, worth $24,000 at the time of the report. The Gen Z trader’s scheme also resulted in several memecoins related to the event. However, some of the tokens were based on the kid and his family, who had their information doxxed online after the incident. Notably, a lucky trader managed to get a 2,141x return on his QUANT investment despite the rug pull. Lookonchain also reported on an investor who spent 2 SOL, valued at $462, to buy 18.89 million QUANT tokens. Three hours later, the crypto community had sent the token to its peak, driving his unrealized profits to nearly $1 million. The trader sold 3.71 million QUANT for 116 SOL, worth $27,000, and left 15.18 million QUANT, making an unrealized profit of $962,000 at the time of the report. Despite the takeover, the memecoin’s rally has significantly slowed throughout the day, falling 57% from its peak. As of this writing, the token trades at $0.035, with a market capitalization of $35.11 million.

There has been no change in the attitude of the FSS toward Bitcoin spot and futures ETFs. The FSS is now required to conduct a securities evaluation of each ETF operating in South Korea. South Korean financial regulators are being quite controlling when it comes to cryptocurrency investment products. Therefore Bitcoin spot and futures ETFs are still not available there. Amidst much consternation, the Financial Supervisory Service (FSS) has also prohibited the introduction of exchange-traded funds (ETFs) that invest in businesses associated with virtual assets. Including prominent international corporations like Coinbase. There has been no change in the attitude of the South Korean Financial Supervisory Service. Especially, toward Bitcoin spot and futures ETFs. And the agency continues to frown upon efforts to establish funds associated with companies that deal in cryptocurrencies. Many obstacles have stood in the way of asset management firms capitalizing on the surging demand for virtual assets. Regulatory Hurdle We were going to launch an ETF that would invest in Coinbase, but the FSS said we can’t for the moment, according to an official from one of the companies. According to the asset management, the ETF was ready to debut but was halted due to regulatory concerns. The FSS is now required to conduct a securities evaluation of each ETF operating in South Korea. The present regulatory system has prevented any cryptocurrency-related fund from obtaining official clearance to begin operations, according to industry sources. This choice is made in spite of the fact that Bitcoin’s price is expected to reach $200,000 after reaching a record high of $95,000. Skeptics further claim that the FSS has unlawfully barred funds from participating in virtual asset firms and Bitcoin spot and futures ETFs. The “Virtual Currency Emergency Measures” of 2017 forbade financial institutions from engaging in virtual asset activity, and these limitations follow on from that. Highlighted Crypto News Today: Russia Approves Law Limiting Crypto Mining to Conserve Energy

A government commission meeting, presided over by the Russian Deputy Prime Minister, deliberated on such steps. Individuals will be required to get an entrepreneur’s license in order to lawfully engage in cryptocurrency mining. Vladimir Putin, Russia’s president, has signed new legislation limiting cryptocurrency mining in certain areas in an effort to control the country’s energy use. As part of its larger attempts to control the sector and save power during winter peak hours, Russia has imposed certain limits. Between December 2024 and March 2031, Russia will impose crypto mining limitations in thirteen places. Including the Ukrainian lands that are under Russian occupation. Irkutsk, Zabaikalsky Krai, and portions of the Siberian Republic of Buryatia are the impacted areas. Additionally, during the heating season in the areas of Dagestan, Ingushetia, North Ossetia-Alania, Chechnya, Kabardino-Balkaria, and Karachay-Cherkessia, yearly emission requirements are to be maintained. Controlling Energy Consumption The local report states that the occupied areas of Donetsk and Luhansk, as well as the provinces of Zaporizhzhia and Kherson, would be impacted by the measures. A government commission meeting, presided over by Russian Deputy Prime Minister Alexander Novak, deliberated on such steps. Since the nation’s power usage is expected to increase over the winter season. Energy savings was a topic of discussion at the conference. The government has established a limit electricity use of 6,000 kWh per month for unregistered cryptocurrency miners. As an additional measure to manage energy consumption. Beyond this threshold, individuals will be required to get an entrepreneur’s license in order to lawfully engage in cryptocurrency mining. Unregistered miners put additional pressure on the electrical grid, but the administration claims this will assist protect the system. While mining enterprises must comply with reporting and taxation standards, they will not be subject to judicial challenges. Highlighted Crypto News Today: Can FLOKI’s Momentum Drive It to a New All-Time High?

BitClave pays $4.6M in restitution to affected ICO investors. The SEC filed a lawsuit against BitClave in 2020 over its unregistered ICO. The U.S. Securities and Exchange Commission (SEC) has disbursed $4.6 million to investors affected by BitClave’s 2017 unregistered initial coin offering (ICO). The payout follows a settlement reached in 2020, where BitClave agreed to repay the $25.5 million raised during its ICO, in addition to paying $4 million in penalties and interest. The SEC launched its lawsuit against BitClave in 2020, alleging that the company’s sale of its Consumer Activity Token (CAT) violated federal securities laws. BitClave’s ICO raised $25.5 million in just 32 seconds, attracting thousands of investors. However, the SEC argued that the ICO was an unregistered securities offering, with the company inducing investment by suggesting that the CAT token would appreciate. Under the terms of the settlement, BitClave agreed to forfeit the funds raised, pay penalties, and burn 1 billion unsold tokens. Additionally, the company requested exchanges to delist the token. Although BitClave did not admit to any wrongdoing, the settlement required the company to pay nearly $29 million to a restitution fund. SEC’s Ongoing Crypto Oversight The SEC established the BitClave Fair Fund to compensate affected investors. Eligible investors were required to file claims by August 2023, with the SEC completing its review by March 2024. Following the review, the SEC announced that payments had been distributed to investors who filed successful claims. However, questions remain regarding the remaining balance of the fund. As of February 2023, only $12 million had been remitted to the fund, leaving an outstanding $7.4 million. The SEC has not provided further details on the collection of the remaining funds. Since the BitClave case, the SEC has taken over 100 enforcement actions against various crypto companies under the Biden administration. Highlighted Crypto News Today South Korea Unveils 2019 Upbit Hack Linked to North Korean Hackers

Dubai, United Arab Emirates, November 21st, 2024, Chainwire Arcana Network is thrilled to announce the launch of the Arcana Wallet Beta, now available on the Chrome Store, setting a new standard in blockchain accessibility and user experience through its pioneering Chain Abstraction Protocol. Built as the first Externally Owned Account (EOA) wallet to leverage Chain Abstraction, Arcana Wallet enables a frictionless, multi-chain experience where users can spend assets across Ethereum, Base, Polygon, Arbitrum, and Optimism seamlessly, with 20+ new chains coming soon. The Chrome Extension wallet is available at www.arcana.network/wallet Unified Balance: Spend your assets held across chains, in 1-click, without bridging Arcana Wallet offers a range of features designed to eliminate fragmentation and provide users with streamlined access to decentralized finance. Through Arcana’s Chain Abstraction protocol, users can now manage their aggregated USDC, USDT, and ETH balances across multiple networks, all in a single wallet interface, and spend these funds instantly on any supported chain without the need for bridging. Key Features of Arcana Wallet Unified Balances: Arcana Wallet aggregates assets into a single balance across supported chains, allowing seamless spending without bridging. For example, users holding USDT on Arbitrum and Optimism see a combined balance ready to spend on Polygon or Base. EOA Wallet-Based Orchestration: Users can bring their existing EOA address or create a new one, ensuring self-custody. Funds stay in the user’s wallet, without locking up or requiring deposits to another address, maintaining asset security and cross-app accessibility. Universal Address Accessibility: Unlike wallets needing app-specific setups, Arcana Wallet retains assets within one wallet, making them accessible across all apps—even those without native chain abstraction support. Efficient Gas Payments: Gas fees can be auto-funded in stablecoins (USDT or USDC), eliminating the need to hold native tokens on each chain. Arcana’s optimised protocol keeps gas fees up to 10X lower than traditional solutions that use smart contract accounts. Near-Instant Cross-Chain Transactions: Arcana Wallet’s architecture allows transactions to execute within seconds, making it one of the fastest cross-chain transaction tools available. Users can spend assets on multiple chains with one-click transactions, benefiting from improved liquidity and usability. Expanding dApp and Chain Compatibility At its Beta launch, Arcana Wallet supports popular dApps, including Uniswap, Aave, Polymarket, Hyperliquid, and Jumper, with compatibility for additional applications and chains on the horizon. From currently supporting Ethereum, Base, Polygon, Optimism, and Arbitrum, the protocol aims to scale support to +20 EVM and non-EVM L1s, L2s, and appchains. Allowing users to manage funds from any of the integrated networks, it will mark a significant step toward a unified blockchain ecosystem. Arcana’s Chain Abstraction SDK To cater the developer community, Arcana Network is also launching the Chain Abstraction SDK, enabling developers to implement Arcana’s Chain Abstraction features in their own dApps. The SDK is intended to provide a versatile toolkit for developers to build chainless user experiences and simplify blockchain interactions for end users, helping to grow Arcana’s vision of a unified Web3 UX. Joining the Arcana Community As the Arcana Wallet Beta moves through its Testnet phase, feedback from users and partners will help shape the next generation of blockchain interactions. Users can download Arcana Wallet from the Chrome Store and experience the power of Chain Abstraction: Arcana Wallet Chrome Store About Arcana Network Arcana Network is a leading Chain Abstraction Protocol, powered by an Appchain, with the mission to transform the Web3 UX. Since its inception in 2021, Arcana Network has introduced products that make web3 effortless, with more than 4 million wallets generated, 500,000 active users, and 6 million transactions to date. The upcoming Chain Abstraction Protocol built on a Cosmos Appchain and powered by $XAR, is the next evolution in simplifying Web3. $XAR is the utility token that captures protocol fees, secures the network, incentivises early adopters, and rewards resource providers. Arcana Network’s innovative technology is backed by prominent investors, including Balaji S., Polygon founders, John Lilic, Santiago Roel, and investment funds such as Woodstock, Fenbushi, Republic, Polygon Ventures, DCG, LD Capital and others. Website | Twitter | Telegram | YouTube Contact Marketing Manager Andria Efstathiou Arcana Network [email protected]

Floki adoption grows, with 88% holders “In The Money.” Partnerships in Dubai and Hong Kong boost global market visibility. As Bitcoin surged past $97.5K, meme coin FLOKI made its mark with a 7% rise in the last 24 hours, reaching a six-month high of $0.0002900 before a slight retreat to $0.0002582. Its trading volume soared by 135%, and the token has gained 10% over the past week and 61.78% in the past month. Now just 25% shy of its all-time high, FLOKI could rally further if it breaks out of its consolidation phase, with analysts projecting gains of up to 105.94%, potentially reaching $0.00058053. Meanwhile, FLOKI’s adoption continues to grow, with 80,200 wallet addresses holding the token, according to IntoTheBlock data. A notable 88% of these holders are “In The Money,” underscoring strong market sentiment. Development activity has also surged following the launch of its Play-to-Earn MMORPG game Valhalla in India, further boosting interest. The token’s inclusion in Coinbase’s listing plan spurred significant momentum, driving a 50% weekly price surge. FLOKI’s market capitalization now stands at $2.512 billion, making it the sixth-largest memecoin by market cap. Moreover, FLOKI’s global expansion has also got attention. Its efforts include collaborations with Dubai’s Mall of the Emirates, featuring branding across 93 digital screens reaching over 111,500 visitors daily. Additionally, its partnership with the Hong Kong International Cricket Sixes further cemented its international presence. Technical Insights and Outlook With a relative strength index of 74.97, FLOKI is currently overbought, indicating possible short-term consolidation. However, strong trading volume and bullish sentiment suggest the uptrend could persist. A support level at $0.00020546 indicates resilience against bearish pressure. FLOKI Price Chart, Source: Sanbase Backed by growing adoption, strategic partnerships, and solid development activity, analysts predict that FLOKI remains poised for continued growth, with the market eyeing a potential breakout to new all-time highs. Highlighted News Of The Day US Judge Spares Former FTX Exec Gary Wang from Prison Time

Bitcoin (BTC) achieved a new record high of $94,730, continuing a significant uptrend that began on November 5. Analysts are dubbing this rally the “Trump trade,” as the recent political developments surrounding Donald Trump’s victory have instilled renewed confidence among investors in BTC and the broader crypto market. Analyst Forecasts 42% Increase For BTC Despite the impressive surge, analysts believe Bitcoin’s price discovery is far from complete, indicating substantial potential for further growth. Among those sharing this bullish sentiment is analyst Ali Martinez, who draws parallels between Bitcoin’s current price movements and those seen in December 2020, before the notable uptrend that ultimately led to an all-time high of $69,000 in 2021. Martinez notes that the relative strength index (RSI), a key technical indicator used to gauge momentum, is currently mirroring the patterns observed in late 2020. This similarity suggests that the BTC price may be poised for significant upward movements in the coming months. According to Martinez, if this trend continues, Bitcoin could target the $108,000 mark, followed by a potential correction to around $99,000, before bouncing back to a predicted milestone of $135,000. This forecast represents an increase of over 42% from current levels, although Martinez did not specify a timeline for these movements, indicating they might occur anywhere between now and the first quarter of 2025. Bitcoin To Reach $1 Million By 2029? In even more optimistic projections, market expert Timothy Peterson, who identifies as a network economist, suggests that Bitcoin’s current bullish trend could persist until November 2025, with ambitious targets set for the future. In a recent post on X (formerly Twitter), Peterson predicted that Bitcoin could reach $275,000 per coin by Thanksgiving Day 2025. He bases this projection on Metcalfe’s Law, which posits that the value of a network is proportional to the square of its number of users. This indicates that as more individuals adopt Bitcoin, its value is likely to increase significantly. Looking further ahead, the economist also asserts that the Bitcoin price could achieve the coveted valuation of $1,000,000 per coin by 2029, representing a staggering 954% increase from current levels. Trading at $94,730 as of this writing, the largest cryptocurrency on the market has seen massive gains in recent weeks, with a 26% and 39% increase in the fourteen and thirty day time frames, respectively. Furthermore, BTC has reached a market cap valuation of $1.8 trillion, making it one of the most valuable assets in the world, currently ranked 7th, just behind companies such as Nvidia, Microsoft, Google and Amazon. But quite far from the leading asset in this matter which is gold with a market cap of $17 trillion. Featured image from DALL-E, chart from TradingView.com

Bitwise has submitted an S-1 form for a spot Solana ETF. Solana is trading at $241, following a moderate spike of 3.18%. The leading asset manager and ETF issuer, Bitwise Investment, has officially filed the S-1 form titled “BITWISE SOLANA ETF” with the U.S. Securities and Exchange Commission (SEC) in Delaware on November 20, 2024. This filing positioned Bitwise with other asset managers, such as VanEck and Canary Capital, to directly expose investors to Solana, the fourth-largest cryptocurrency by market capitalization. Bitwise’s move likely reflects the growing institutional interest in Solana. Matthew Sigel, VanEck’s Head of Digital Asset Research, mentioned the potential approval of a Solana ETF by the end of 2025, predicting “overwhelmingly high” odds of regulatory clearance. Moreover, he believes the political landscape might be crucial in the SEC’s stance on crypto-related ETFs. Sigel pointed out that the Trump presidency, starting in January 2025, could appoint the new SEC chair. It will potentially ease the regulatory barriers for crypto ETFs. On the other hand, ETF analysts like James Seyffart and Eric Balchunas haven’t commented on Bitwise’s filing. With its Solana ETF filing, Bitwise enters the race to expand crypto investment options in the U.S. market. If this ETF is approved, it could fuel further adoption of Solana’s blockchain technology. Price Momentum of Solana As the market is highly volatile, Bitcoin (BTC) will soon hit $100K, as analysts predict. This likely impacted the altcoins. Among them, Solana (SOL) currently trades at $241.81 with a moderate spike of 3.18% over the past 24 hours. The asset has visited its lowest trading price at $230.34 over the day. SOL is 9.14% away from hitting an all-time high. A steady upside correction will push the price to new highs. At press time, the asset’s technical indicators disclose a negative outlook, with the Moving Average Convergence Divergence (MACD) line found below the signal line, forecasting bearish sentiment in the market. Highlighted Crypto News Bitcoin Eyes $100K After Reaching New ATH of $97.6K

Hackers stole 342K Ethereum (now worth $1B) from Upbit in 2019. Police confirm Lazarus Group and Andariel, North Korea-linked hackers, carried out the heist. South Korean police have officially confirmed that the 342,000 Ethereum (ETH) stolen from Upbit, the country’s largest cryptocurrency exchange, in 2019 was done by North Korean hacker groups Lazarus and Andariel. This is the first time a domestic agency has publicly linked North Korea to a major cryptocurrency theft. Initially, the stolen ETH, worth around 58 billion won (about $50.43M at the time), was traced using North Korean IP addresses and cryptocurrency transaction flows, alongside assistance from the FBI. Recovery of Stolen ETH and Bitcoin According to authorities, over half of the Ethereum (57%) was exchanged for Bitcoin at a much lower rate than market value. The remaining ETH was laundered through 51 overseas exchanges, which made tracking harder. However, over four years of investigation, the police managed to recover 4.8 Bitcoins worth approximately 653 million Korean Won at the current price (around $467K) from a Swiss exchange. After confirming the stolen origin with Swiss prosecutors, the Bitcoins were returned to the Upbit account, as per a local news report. This confirmation adds weight to earlier international reports that North Korea’s involvement in cybercrimes aimed at generating revenue through illicit activities, with the country’s hacker groups frequently targeting cryptocurrency exchanges. However, the police kept the details of the attack method under wraps to prevent similar attacks. Despite this, traces of North Korean language were found on the hackers’ computers, tying the theft directly to the country. At the time of writing, 1 Ethereum was valued at $3,107 and held a market cap of $374.35 billion. Highlighted Crypto News Today Issuers Begin Altcoin ETFs Registrations As Per Expert Predictions

Pivot and XDC Network are excited to announce a joint co-acceleration initiative titled ‘Let’s Pivot-to-XDC,’ which will provide funding to foster the growth of innovative blockchain startups. This collaboration focuses on supporting 10 promising startups working in the DeFi, Payments, and Real-World Asset (RWA) sectors, aiming to enhance blockchain integration on the XDC Network. The program, facilitated by Pivot with the assistance of the XDC Network team, aims to empower startups to build their solutions on the XDC Network blockchain through targeted funding and mentorship. The initiative seeks to accelerate the growth of blockchain projects that can create transformative solutions in the financial sector. Anshul Dhir, Founder & CEO of Pivot, expressed his enthusiasm: Ritesh Kakkad, Co-Founder of XDC Network, commented: Program Overview The ‘Let’s Pivot to XDC’ co-acceleration program differs from traditional cohort-based approaches. Instead, startups will be selected on a rolling basis, ensuring tailored onboarding and support based on individual needs. Pivot will work directly with startups at different stages of development, utilizing a milestone-based roadmap to maximize growth. Funding for each startup will be disbursed according to the achievement of key milestones, ensuring resources are available at the most impactful points in their development journey. This structured funding approach allows each startup to access the necessary tools for sustainable growth and seamless integration into the XDC ecosystem. Key Program Features Application Process & Onboarding: Applications are carefully reviewed by both Pivot and XDC teams, with selected startups joining the ‘Let’s Pivot to XDC’ initiative. Technical Support & Mentorship: Startups benefit from direct access to technical resources, one-on-one mentorship, and workshops led by Pivot and XDC’s technology team to help build on the XDC Network. Ecosystem Integration: Startups will need to complete integration to the XDC to be eligible for applying to the accelerator program and will be qualified for accessing both Pivot and XDC’s extensive networks to foster community engagement and market growth. Monitoring & Evaluation: Monthly progress reviews and strategic adjustments will keep startups on track, ensuring goals are met and performance metrics are achieved. Demo Day & Future Opportunities: At the end of the program, startups will showcase their projects to investors and industry stakeholders, providing opportunities for further funding and growth. Pivot and XDC will continue to support these startups after the program. Long-Term Support: Pivot remains committed to backing startups beyond the initial stages of funding and token launch, fostering long-term success. Benefits for Selected Startups Growth Funding: Access to milestone-based funding to fuel development and growth. Expert Guidance: Receive support from experienced engineering and development teams at XDC Network. Network Access: Enjoy lifetime access to the expansive networks of Pivot and XDC Network. Seamless Ecosystem Integration: Leverage the advanced technology of the XDC Network for efficient integration. Eligibility Criteria Startups working in the DeFi, Payments, and RWA sectors. Teams with an established concept or early-stage product looking to scale with XDC Network. Innovative projects that need strategic support and funding to grow. Startups ready to enter an exclusive co-acceleration agreement with Pivot and XDC. Application Form: Apply Here Applicants to Mention “Let’s Pivot to XDC” in the “Who referred you” column. About XDC XDC Network is an open-source, carbon-neutral, enterprise-grade, EVM-compatible, Layer 1 blockchain that has been operationally successful since 2019. The network obtains consensus via a specially delegated proof-of-stake (XDPoS) technique that allows for 2-second transaction times, near-zero gas expenses ($0.002), over 2000 TPS, and interoperability with ISO 20022 financial messaging standards. The XDC Network powers a wide range of novel blockchain use cases, including Global Trade Finance, Payment, Decentralized physical infrastructure network (DePIN) and Real World Asset (RWA) tokenization, that are secure, scalable, and highly efficient. Find more information about XDC Network by visiting the website XinFin.org, XDC.org and follow XDC Network on their social media: Twitter | Telegram | LinkedIn | Reddit | Facebook | Forum About XVC Tech XVC Tech is an Investment Company with $125mn fund supported by founders of the XDC Blockchain Network that specializes in investing in early-stage Web3 start-ups, based out of DIFC, Dubai. XVC Tech has a global investment mandate to invest across Web3 native projects as well as Web2 to Web3 transformation projects. Find more information users can visit XVC Tech’s website and follow them on social media: Twitter | LinkedIn About Pivot Pivot is a global venture accelerator firm dedicated to the Web 3.0 industry, created by founders, for founders. Pivot’s selected startups are focused on milestones & are not bound to periodic curriculum-based programs. Founded by Anshul Dhir, a 3x founder in the Web 3.0 space, and mentor and investor in over 50 companies in Web3. Pivot is being supported by some great founders & Angels in this industry including Polygon, Delphi Digital, Blockchain Founders Group, Liminal, Biconomy, BitsCrunch, Tegro, Router, QuickSwap & more. We are also supported by Tier 1 ecosystems such as BNB Chain, Polygon, Arbitrum, ICP, Manta Network, Mantle apart from many VCs, launchpads, Exchanges & many more. Website | Twitter | Telegram | LinkedIn | YouTube | Discord 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.

ETFs issuers have made registrations for Altcoin ETFs stated the ETF expert Nate Geraci. The cryptocurrency market might witness the launch of new ETF products in the near future. The Asian crypto community has yet again woken to Bitcoin hitting a new ATH. This time the digital asset has traversed into the $96K level and has managed to hold prices there. This price movement has also made up for the brief slump the overall market reflected this week. Meanwhile, the market has seen new ETF applications in the past day. Particularly, ETF market analyst and expert, Nate Geraci stated that there have been registrations for Solana, XRP, and Hedera (HBAR). The community has been awaiting the arrival of the altcoin sector’s ETF. With the current bullish market, ETF issuers seem to have taken steps towards expanding products onto other cryptocurrencies as well. Additionally, Geraci also said that, any of the issuers can be expected to file for ADA or AVAX in the coming days. Previously, on November 11, the ETF expert posted a prediction that expected ETF registrations for several altcoins in the following week. As per his predictions, issuers have taken to file for the aforementioned altcoins. Moreover, prominent ETF analyst, Eric Balchunas also replied to Nate Geraci’s tweet discussing a DOGE ETF. He stated that by the end of December, a DOGE filing can be expected. Additionally, the analyst was also seen discussing ETFs reaching new milestones in market cap. What Would an ETF Market Expansion Look Like? The US ETF market has seen quite the activity over the past 24 hours. Prominent ETF issuer Bitwise has filed a registration for a spot Solana ETF in the State of Delaware as per reports. When analyzing how an ETF market expansion would materialize several factors need consideration. Firstly, the launch of these ETFs might take more time due to legal and regulatory proceedings. During the launch of the spot Ethereum ETFs, long waiting periods and registrations were observed. On the other hand, a Donald Trump-headed government and a pro-crypto SEC chair could dismantle certain complications. In terms of the market itself, product expansion in ETFs could draw in more mainstream investors into the crypto sector. Meanwhile, the spot Bitcoin ETFs have recorded positive flows, while the ETH ETFs have shown outflows in the past trading day. These ETFs, particularly, Bitcoin ETFs have been received well by investors. Highlighted Crypto News Today: Bitcoin Eyes $100K After Reaching New ATH of $97.6K

A recent analysis by CryptoQuant analyst tugbachain sheds light on an important aspect of Bitcoin market behaviour — the UTXO Realized Price Age Distribution. This metric plays a significant role in understanding the holding patterns of different investor groups and the market’s response to price fluctuations. The realized price, calculated as the Realized Cap divided by the total supply, is pivotal for identifying cost bases among long-term holders and recent buyers. According to tugbachain, the realized price levels for one-month and three-month periods often serve as critical zones during bull market corrections. These levels provide a lens through which market sentiment, especially among smaller investors, can be analyzed, offering insights into the underlying dynamics that drive buying and selling activity. Key Support Levels For BTC The analyst identifies two specific realized price levels—$75,100 and $62,400—as key cost bases for small investors. These levels are significant because they act as support zones during periods of market volatility. tugbachain noted that historically, when Bitcoin’s price tests these levels, it often triggers buying reactions, highlighting the psychological and financial influence of these price points on smaller investors. The CryptoQuant analyst also points out that these support levels reveal not only the patterns of small investors but also how their actions can be influenced, or even manipulated, in a bull market. In bullish cycles, it’s common for market dynamics to amplify fear among smaller investors, often prompting panic selling. tugbachain concluded noting: Bitcoin Market Performance Meanwhile, Bitcoin has just renewed its all-time high (ATH). So far BTC’s peak stand at $94,784. However, at the time of writing, the asset has retraced slightly away from this peak with a current trading price of $94,523 albeit still up by 3.1% in the past day. While the asset has seen consistent upward momentum in recent weeks, CryptoQuant has shared an interesting analysis on whether it is time to sell or still hold BTC in a recent post on its official X account. Citing major key metrics, CryptoQuant mentioned BTC’s MVRV ratio. According to the on-chain data provider platform, historically, an MVRV ratio greater than 3.7 suggests that Bitcoin has marked a market top. Fortunately, latest data shows BTC’s MVRV still remains below this level with a figure of 2.62 as of November 19. Featured image created with DALL-E, Chart from TradingView

Arcadia Marketing, often regarded as the #1 Web3 marketing firm, is introducing its sister company, Pandora. Pandora, is set out to be the early stage version of Arcadia, working with Web3 companies who are pre-launch, and needing help with fundraising, GTM, influencers, or listings. Arcadia has made a name for itself over the last 3 years, and is regarded as one of the most hard to work with firms in the world. Arcadia works with a maximum of 10 brands at once, with a combined FDV portfolio of $50Billion. Arcadia primarily focuses on Top 100 Layer 1’s, Infrastructure protocols, and GameFi/Social Fi brands. Arcadia has been behind some of the largest Web3 launches in recent memory by helping their clients develop robust GTM strategies, influencer campaigns, and taking a data driven/analytics approach to marketing. Pandora will utilize similar teams, tactics and strategies as Arcadia, with a focus on being able to accommodate more brands at once. Pandoras vision is to help passionate founders get the attention that their products deserve. Marketing, community building, and influencer marketing is a very hard task to master, and utilizing Arcadia’s strategies, Pandora is aiming to help hundreds of brands come to market. “We created Pandora because Arcadia has been extremely exclusive, but we are committed to only working with 10 brands at once. We have turned down hundreds of capable projects that were too early for Arcadia, so we hope Pandora can bring them to market” Mickey Hardy, Chairman of The Arcadia Group, said in a statement. Mickey appointed long time friend, and fellow Web3 entrepreneur Sahib Anandsongvit to act of CEO of this new company, Sahib says “I’ve watched Mickey grow Arcadia into a world-class marketing agency, and it’s been inspiring. I’m thrilled to take on the challenge of building another standout brand in the space, empowering visionary founders with the expertise and network we’ve cultivated over the years.” Arcadia has made a name for itself by engineering some of the most excellent Web3 marketing campaigns to date, having generated over 20 billion impressions in 2024 alone. Their recognition primarily comes from bringing “social-fi” mainstream and getting their projects listed on major exchanges. Arcadia has resulted in everyday users being able to take home hundreds of millions of dollars in ecosystem airdrops from their clients. Web3 marketing has long been suspicious, unorganized, and highly contested. Arcadia was originally created to bring professionalism to Web3 by providing top-tier clients with the analytics, data, and reporting capabilities that competitors can not. Arcadia has always emphasized a “data-driven” approach and has spent millions on R&D to develop on-chain analytics software to optimize clients’ campaigns. Arcadia has generated around $250M for clients, and Pandora looks to live up to Arcadia’s precedent by helping earlier stage brands find their target audience and organically build communities. Social Links: www.x.com/pandoragrowth www.x.com/web3arcadia Media Info: Contact Person: Mickey Hardy, Chairman of Arcadia Group. Website: Arcadiamarketing.io Email: [email protected] 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.