Crypto_News

NFT sales surged by 16.3% to $96.1 million, with Ethereum leading at $31.2 million, followed by Bitcoin and Solana. NFT buyers and sellers decreased by 90.20% and 88.80%, respectively. The sales volume of DMarket dropped by 2.7% to stand at $5.58 million and lost first ranking to $?? BRC-20 NFTs with $10.45 million sales. The top-selling NFT collections include SuperRare, CryptoPunks, and Protoshrooms.

Spot Ethereum exchange-traded funds recorded their highest-ever weekly inflows as the flagship altcoin shot past the $3,000 mark for the first time since August.

According to SoSovalue data, $154.66 million flowed into Ether-based ETF products over the past week, the highest since the Securities

Tether's investment arm has finalized its first funding transaction in Middle East crude oil investment, marking its initial entry into the crude oil business in the region. The venture involves a major publicly traded oil company and a leading commodity trader, aiming to facilitate the loading and transportation of over 670,000 barrels of crude oil worth approximately $45 million. This move highlights the crypto company's growing traction in commodities trading globally.

Chinese man Wang Momou has been sentenced to life imprisonment for espionage and accepting over ¥1m ($150,000) in cryptocurrency payments as part of a mobile ring of spies. The former security unit official began selling state secrets after racking up significant losses investing in cryptocurrencies.

The Reserve Bank of Australia has started a three-year initiative, Project Acacia, researching the benefits of using a CBDC to settle tokenized assets. Interested parties have been invited to participate in the experimental phase of the project and submit feedback on the infrastructure and capabilities of wholesale CBDC and tokenized bank deposits. The RBA believes that tokenized markets could play a significant role in improving wholesale payments and settlement efficiency and cross-border payments. The initiative could save Australia's financial markets up to $4bn annually.

Two Nigerian crypto firms have been fined $30,000 for conducting unlicensed USDT to naira transactions. The Federal High Court in Abuja imposed the fines following a plea agreement facilitated by the Economic and Financial Crimes Commission. This is the third instance of the court convicting companies for illegal crypto trading.

Crypto traders rejoiced as pro-Bitcoin candidate Donald Trump won the US Presidential election in 2024, leading to numerous potential changes throughout the industry.

Cryptocurrency exchanges, institutions and firms threw their weight behind the Republican candidate through donations to political

HIVE Digital reports 51% YoY growth in Bitcoin portfolio value, crediting "prudent capital management" for minimizing dilution and operational costs. HIVE's mining facility in Paraguay has commenced construction in pursuit of the firm's goal to capture 2% of the global Bitcoin mining capacity. The company views the recent election results in the U.S. as a positive shift for the digital asset sector.

Grass crypto token's strong rally continues, becoming one of the best-performing airdrops of the year. Its market cap is over $893 million and its fully diluted valuation to $3.6 billion, driven by FOMO among investors and staking offering a 50% annual percentage yield. Analysts believe the network's revenue could rise to around $300,000 per month. However, it faces a risk of a pullback as the GRASS token has developed a rising wedge pattern, and the Relative Strength Index and the MACD have reached overbought levels.

Notcoin (NOT) has fallen to $0.0063, down 78% from its highest point this year, amidst a general rise in cryptocurrency markets. Its decline parallels other tap-to-earn tokens such as DOGS and Hamster Kombat. Notcoin's waning hype since its airdrop and exchange listings may be responsible, and it has likely seen a fall in users. However, falling open interest and a falling wedge pattern suggest a potential price rebound, with some predicting a surge to $0.02 if it bounces back.

Solana’s price has broken through the $200 barrier for the first time in seven months after rising 8.69% during the last 24 hours. The crypto market has seen a surge of bullish sentiment, following Donald Trump’s election victory and a group of pro-crypto candidates being elected to the House of Representatives. Ethereum and Bitcoin have also risen and ETH's price is nearing $3,000, while Bitcoin is trading at an all-time high of $76,278. Solana holds the fourth position in crypto.news rankings by market cap and currently has a market cap of $95.8 billion.

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The battle for meme coin supremacy is on, with XYZVerse challenging the likes of Dogecoin and PEPE for the top spot in the crypto space.

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

With Dogecoin’s price facing a potential crash, whales are flocking to ETFSwap for its 40,000% growth potential ahead of a bull run.

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The Deutsche Bundesbank has joined the Monetary Authority of Singapore's Project Guardian, which seeks to advance asset tokenisation. The German central bank plans to increase cross-border collaboration via standardisation and interoperability discussions on digital assets. It will also test an interoperable blockchain platform for tokenised and digital funds, according to a press release. Singapore will work on developing market infrastructures through deepening liquidity and establishing industry frameworks, as well as promoting the commercialisation of tokenised assets.

CRO, the altcoin developed by Crypto.com, gained 30% on Nov. 8, reaching a market cap of over $3 billion. This comes after Cronos unveiled new upgrades and Google Cloud onboarded Cronos as its primary validator. Community sentiment is largely bullish, with some members eyeing a $10 price target. However, CRO may face a short-term reversal as it is positioned far above the upper Bollinger Band.