Total cryptocurrency market capitalization increased by $365 billion from October 12 to November 11
Bitcoin News stated on social media that from October 12th to November 11th, the total market value of cryptocurrencies increased by $365 billion, from $1.02 trillion to $1.39 trillion.
Total cryptocurrency market capitalization reaches $1.476 trillion
According to CoinGecko data, the current cryptocurrency market value is 1.476 trillion US dollars, with a daily increase of 0.6%. The 24-hour trading volume is 73.8859 billion US dollars, with Bitcoin accounting for 49.2% of the current market value and Ethereum accounting for 16.9%.
Yield Farming: What Is It and How Does It Work?
Yield farming is a potentially lucrative way to earn yield in the DeFi markets but it comes with a lot of risks.
Cointime's Evening Highlights for September 24th
1、Circle Research Releases White Paper on "ECDSA Signature Robustness Threshold"
India's Supreme Court rejects cryptocurrency petition
India's Supreme Court has refused to consider a public interest lawsuit (PIL) aimed at establishing regulations and guidance frameworks for cryptocurrency transactions in India. According to reports, judges led by India's Chief Justice (CJI) stated after hearing the appeal that the petitioners' demands were more legislative in nature. Given the nature of the petition, judges JD Pardiwala and Manoj Misra rejected the request. The Supreme Court noted that although the petitioners submitted a PIL calling for regulation and guidance on cryptocurrency and its transactions, their ultimate goal was to obtain bail. (Cointelegraph)
Data: A certain MKR whale withdrew 40,000 ILV from Binance, worth approximately US$3.62 million
According to X platform user @ai_9684xtpa's monitoring, a MKR holder withdrew 40,000 ILV (worth about $3.62 million) from Binance to their wallet around 15:00 today. It has become the highest-valued cryptocurrency in the wallet. The whale withdrew 1,286 MKR from Binance to the wallet on November 5th, and the current MKR holdings in the wallet have reached 2,610 (about $3.39 million). The holdings are second only to ILV.
Nansen CEO Shares 11 Catalysts Driving Crypto Bull Run
Alex Svanevik, CEO of blockchain analysis platform Nansen, stated on social media that there are more catalysts for the cryptocurrency bull market than he remembers. These include: the conviction of former FTX CEO SBF; the possible approval of a BTC spot ETF; financial technology companies such as PayPal entering the blockchain market; a rise in NFT trading volume; blockchain products becoming a reality; the launch of Web3 games; improved accessibility due to technological advancements; the use of real-world assets (RWA) and DeFi supported by liquidity staked tokens (LST); MicroStrategy's unrealized Bitcoin profits exceeding $1 billion; a shift in US Federal Reserve policy; and the Bitcoin halving, for a total of 11 events.
CFTC: Number of cryptocurrency enforcement actions hits record high this year
According to the Commodity Futures Trading Commission (CFTC), in 2023, CFTC filed 47 lawsuits related to digital asset commodity-related behavior, accounting for more than 49% of all lawsuits filed during the same period.
Crypto analysis company Block Scholes completes US$3.3 million in financing, with participation from CoinSwitch and others
Cryptocurrency analysis company Block Scholes has completed a $3.3 million financing round with participation from Record PLC, Investcorp, Dair Capital, Saison Capital, CoinSwitch, FunFair Ventures, and others. Block Scholes was launched in 2021, and the funds from this round will be used to expand the team and develop products. Block Scholes has stated that it already provides cryptocurrency data services to institutions such as hedge funds, banks, and exchanges. (The Block)
Cryptocurrency operators in Laos owe Lao government $20 million in taxes
A cryptocurrency operator in Laos has owed the Laotian government $20 million in taxes. Laos had previously authorized 15 blockchain companies to mine cryptocurrency or operate as exchanges.
