Crypto_News

Google Cloud is collaborating with ZetaChain to support its Universal Blockchain and enhance the development of applications that can function across multiple blockchains. As a validator, Google Cloud will help secure ZetaChain's blockchain and leverage its infrastructure to allow developers access to the Web3 Startups Program. This collaboration aims to increase accessibility and connectivity in the blockchain world, much like the internet permits seamless access to various websites and platforms.

BetHog, a new crypto-based casino and sportsbook, has launched with $6m in seed funding led by investment firm 6MV. Founded by the original co-founders of sports betting platform FanDuel, the platform offers a mix of casino and skill-based games, and will be built on the Solana (SOL) blockchain. The funds will be used to expand the game selection and improve the user experience.

Cardano's recent rally to $0.657, a 138% increase, may be losing steam with a potential double-digit loss as it forms a bearish engulfing pattern. However, a golden cross pattern may emerge if the uptrend continues. Cardano's surge was boosted by founder Charles Hoskinson's plans to become more involved in US policy, and its DeFi total value locked is now at $350 million, expected to grow with the integration of BitcoinOS.

Popcat, the 3rd largest Solana meme coin, has underperformed in the recent crypto bull run with a risk of a bearish breakout. Despite rising 250,000% from its lowest level, Popcat has only risen by 14% in the past week, compared to other meme coins that have surged more than 40%. Analysts suggest that Popcat may reach between $10-$20. However, a bearish pattern may lead to a 25% dive of the token price.

Hong Kong-based Animoca Brands raised $10M to expand its Mocaverse web3 platform. The company aims to advance the mass adoption of web3 and interoperability and Mocaverse is a membership NFT collection of 8,888 unique beings. The latest tranche of funding was part of a larger $41.8M capital raise and attracted support from key investors, including Republic Crypto and Kingsway Capital.

Bitcoin hit $89,604 today and became the world's eighth-largest asset. Its market cap surpassed silver's at $1.77tn and reached close to $1.8tn of Saudi Aramco's value. The digital coin's $100bn whale transactions triggered FOMO among retail crypto investors. Although trading under $87,000, there is a 40% chance of Bitcoin topping $100k and an 80% chance of reaching $90k, according to Polymarket. The upcoming US Consumer Price Index report for October may either sustain the bubble or lead to a change in direction.

Dogecoin, the original meme coin, has surged remarkably in November, outperforming many top-tier crypto assets in the ongoing bull run.

Over the past week alone, Dogecoin (DOGE) has witnessed a massive rally, climbing by an impressive 143%. This move has positioned Dogecoin as the standout gainer

CoinShares, a European asset manager, is launching an educational initiative to promote its Nordic product, CoinShares XBT Provider, and inform Swedish investors about cryptocurrencies. The "CoinShares Crypto Puppies" campaign aims to create a positive association between crypto and Swedes' love for dogs through digital videos, billboard ads, print ads in financial magazines, wild postings, and influencer partnerships. The firm hopes to address the low rate of crypto adoption in Sweden and promote a more nuanced discussion about crypto.

Bitwise launches the world's first Aptos Staking exchange-traded product, allowing investors to earn staking rewards of approximately 4.7% net of fees. Bitwise says its new product is accessible to both institutional and retail investors, with staking infrastructure managed by the firm.

Bitbank, the Japanese crypto exchange, has launched its own investment subsidiary, Bitbank Ventures, to focus on crypto and blockchain projects in Japan and around the world. The subsidiary will concentrate on emerging projects that have potential to reach the global market and will encourage crypto asset businesses in Japan. Bitbank Ventures also aims to monitor collaborations with other internal businesses and to introduce potential partners that can contribute to crypto projects.

U.S. Bitcoin ETFs continued to receive inflows, with daily inflows surpassing $1 billion for the second time this month, reaching a total of $4.96 billion since November. Ethereum ETFs saw their highest inflow day, with spot Ether ETFs drawing a record $295 million.