According to foreign media reports, Trump's social platform Truth Social and Musk's X platform (formerly Twitter) may merge. Data shows that Truth Social's revenue in the third quarter of this year was only 2.6 million US dollars, with 698,000 monthly active users on mobile terminals and 11.3 million monthly website visits; in contrast, X platform expects annual advertising revenue to reach 2 billion US dollars, 70.4 million monthly active users, and 1 billion monthly website visits. Erik Nisbet, director of the Center for Communication and Public Policy at Northwestern University, said that since Musk took over, the content style of X platform has gradually moved closer to Truth Social. Both platforms use "freedom of speech" as a selling point and are mainly aimed at conservative audiences. Data shows that 57% of Truth Social users use it as a daily news source, while X platform is 59%. In terms of content review, X platform still maintains relatively strict standards, and has banned about 5.3 million illegal accounts in the first half of this year. This is mainly because the platform needs to maintain relationships with large corporate advertisers. Truth Social has almost no advertising business, so it is relatively lax in content review. Industry insiders believe that the potential merger makes more business sense for Trump and can be used as his cash-out exit strategy. The current market value of his holdings is about $3.3 billion. (Fortune)

On November 14, Binance announced that Binance Launchpool launched the 61st project - Usual (USUAL), a decentralized fiat stablecoin issuer.

ZK International is adopting cryptocurrency payments, starting with Bitcoin, to improve transaction speed and reduce costs for global trade. This move aims to simplify cross-border payments and provide a more efficient and flexible financial system for its international partners.

Binance founder CZ shared a photo of a meeting with BitMEX co-founder Arthur Hayes on social media. CZ said: "Imagine what questions will be asked at this incubation meeting. Thank you Hayes for coming and investing in this industry together."

According to official news, OKX Cryptopedia has launched a special event "Meme Arena", and the first Hippo trading competition is in progress. During the event, users who conduct transactions greater than 10 USDT on the OKX Web3 trading section Sui Chain can participate in sharing the Hippo token reward worth 100K USDT. It is reported that Sudeng (Hippo) is a cute hippo-themed Meme coin project launched by the community and has cooperated with several leading SUI network projects.

The ZKsync community has voted on the chain to pass the "Distribute 325 million ZK tokens to DeFi users within 9 months" TPP 001 proposal, which proposes to distribute 325 million ZK tokens within 9 months, of which 300 million will be distributed to users through six minters (with an upper limit of 50 million each), and the other 25 million tokens will be managed by four minters to cover management and unforeseen costs. The proposal aims to establish a DeFi liquidity center on the ZKsync Era and improve the liquidity of all interoperable ZK chains (Elastic Chain).

OKX market data shows that BTC rose above 91,000 USDT and is currently trading at 91,097 USDT, with a 24-hour increase of 4.41%.

On Nov 14, 2024, 08:05 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 91,000 USDT benchmark and is now trading at 91,096.882813 USDT, with a narrowed 4.42% increase in 24 hours.

Analysts at the Institute of International Finance (IIF) said the incoming president's plan to cut taxes while unequally cutting spending would push the U.S. national debt up from around 100% of GDP today to more than 135% in 10 years. Inflation could also rise as Trump spurs spending by imposing tariffs on foreign-made goods and making imports more expensive. The U.S. national debt is already approaching $36 trillion, and the IIF warned that if Trump's tax cuts cost the U.S. Treasury more than expected, the debt could reach more than 150% of GDP. In addition, the IIF noted that the U.S. farm, construction and healthcare "rely heavily on immigrant workers," and hitting that group under Trump could "put additional upward pressure on prices." (Jinshi)

According to BlockBeats, on November 14, analysts from the International Institute of Finance (IIF) expressed concerns about the economic policies of the incoming U.S. president. The analysts highlighted that the proposed tax cuts, intended to reduce inequality without corresponding spending cuts, could lead to a significant increase in U.S. national debt. Currently, the debt stands at approximately 100% of GDP, but projections suggest it could exceed 135% within the next decade. The IIF also warned of potential inflationary pressures. The incoming president's strategy includes imposing tariffs on foreign-manufactured goods, which could drive up spending and make imports more expensive. With the U.S. national debt nearing $36 trillion, the IIF cautioned that if the tax cuts result in greater-than-expected losses for the U.S. Treasury, the debt could surpass 150% of GDP. Furthermore, the IIF pointed out the heavy reliance of U.S. sectors such as agriculture, construction, and healthcare on immigrant workers. The analysts noted that any measures to curb immigration under the new administration could exert additional upward pressure on prices, potentially exacerbating inflationary trends.

According to Cointelegraph, a recent survey by Swiss crypto bank Sygnum reveals a growing interest in cryptocurrency among institutional investors. The annual Future Finance survey, released on November 14, indicates a positive shift in market sentiment towards digital assets. The survey, which gathered responses from 400 institutional investors across 27 countries, found that 57% of respondents plan to increase their crypto allocations. Of these, 31% expect to do so within the next quarter, while 32% plan to increase their investments within six months. This trend reflects a generally high-risk appetite among institutional investors, with only 5% planning to decrease their crypto holdings and 2% remaining undecided. Martin Burgherr, Sygnum Bank’s chief clients officer, attributes this positive sentiment to clearer global regulations, particularly the approval and launch of US Bitcoin Spot ETFs. These developments are seen as potential catalysts for accelerating institutional adoption of digital assets. Despite the positive outlook, 44% of institutions planning to increase their crypto exposure prefer single-token investments, while 40% opt for actively managed strategies. Meanwhile, 36% of institutions holding their current positions may be waiting for further market confirmation or optimal entry timing before increasing their allocations. Historically, unclear regulations and restrictive investment mandates have been significant barriers for traditional investors considering digital assets. However, as pro-crypto regulations emerge, Sygnum notes that high market volatility, security, and custody concerns remain primary obstacles for institutions. Most institutional investors (81%) believe that better information on crypto will encourage them to invest more, indicating a shift from regulatory concerns to market-specific risks, strategic planning, and technology exploration. Investment preferences among institutional investors remain high for scalable layer-1 solutions, heavily influenced by Bitcoin (BTC), Solana (SOL), and stablecoins. Additionally, there is a growing interest in Web3 infrastructure, driven by the growth of Decentralised Physical Infrastructure (DePIN) and artificial intelligence. However, interest in decentralized finance has waned due to frequent high-volume hacks, which have cumulatively drained approximately $2.1 billion from the ecosystem. Compared to 2023, institutional investors' interest has shifted from real estate to equity, corporate bonds, and mutual funds.

Trump is the United States' first 'crypto-President.' Will it count for much though? source: https://ambcrypto.com/standard-chartered-makes-10-trillion-crypto-market-cap-prediction-after-trumps-return/

a prominent YouTuber with over 620,000 followers was recently arrested on charges of orchestrating a large-scale crypto fraud scheme that allegedly defrauded thousands of investors

The emergence of BeamChain is entirely a series of necessary preparations to cater to the plan of the Ethereum roadmap.

Ai Palette, a Singapore-based startup, uses AI to analyze billions of data points, providing brands with real-time insights to predict trends and create successful products. Major companies like Diageo, Nestlé, and PepsiCo are adopting its platform to stay ahead of evolving consumer tastes and market demands.

A 32-year-old woman has been charged with the murder of Kevin Mirshahi, though any link to his crypto work remains unconfirmed. Presumed dead since August, Mirshahi was recently found and identified by police. He was one of four people kidnapped in June, with only him remaining missing until now.

Xiao Feng, chairman and CEO of HashKey, said that a variety of factors may force mainland China to open up the digital asset market in about two years.

Revolut X is expanding across 30 European markets, offering advanced crypto trading tools and enhanced security. The platform caters to serious traders with access to over 200 cryptocurrencies and low fees, while Revolut also develops a stablecoin for faster cross-border payments.

US prosecutors are now asking the courts for permission to recoup the crypto allegedly linked to the bribes paid to Chinese officials by FTX co-founder Sam Bankman-Fried.

CryptoGPT is not only a cryptocurrency AI investment tool, but also a comprehensive growth booster for investors.