The frog-themed meme coin FWOG has risen by more than 4.75% today and is now trading at $0.45212. Some of the events, such as strategic whale purchases and obtaining a listing on SolCex, have led to a surge in the price and market capitalization of FWOG, making it one of the best meme coins on […] The post FWOG Rallies With Whale Support, SolCex Listing Boosts Demand appeared first on The Coin... source: https://www.thecoinrepublic.com/2024/11/08/fwog-rallies-with-whale-support-and-solcex-listing-boost-demand/

Tether’s Investment division is announcing the financing of a $45 million physical crude oil transaction between a major oil company and a commodity trader. In a new announcement, the USDT-stablecoin issuer says that this transaction is Tether Investments’ first crude oil transaction in the Middle Eastern region, marking Tether’s expanding role in global commodities trading. […] The post... source: https://dailyhodl.com/2024/11/08/tethers-investment-arm-announces-completion-of-funding-for-middle-eastern-crude-oil-trade/

今週は、何と言っても米大統領選が話題の中心に。接戦で、最終確定まで数日かかるとの予想もありましたが、早々とトランプ氏の当選が決まりました。暗号資産にとっては、一 ... The post 暗号資産の勝利はすでに確定済み／ブラックロックの参入は大統領選より重要【週末に読みたい厳選10本】 first appeared on CoinDesk JAPAN（コインデスク・ジャパン）. source: https://www.coindeskjapan.com/260877/

A Chinese public official, Wang Moumou, has been sentenced to life imprisonment for selling state secrets to foreign agents in exchange for over 1 million yuan in cryptocurrency, following significant financial losses from his investments. The post Chinese Man Sentenced to Life for Selling State Secrets for Crypto appeared first on Cryptonews. source: https://cryptonews.com/news/chinese-man-sentenced-to-life-for-selling-state-secrets-for-crypto/

The second-largest crypto asset is attempting to regain a key price point after months of struggle. source: https://dailycoin.com/ethereum-eyes-3k-as-trump-led-rally-boosts-etfs/?utm_source=cryptopanic&utm_medium=rss

Open interest on Polymarket soared to $510.95 million by Nov. 5 and subsequently fell to $184.16 million by Nov. 8. source: https://www.theblock.co/post/325038/polymarket-open-interest-drops-64-after-us-presidential-election?utm_source=rss&utm_medium=rss

Base is an example of successful L2 scaling, though still lagging behind Solana's traffic capabilities. Despite this, Base is among the leaders in L2 scaling. source: https://www.cryptopolitan.com/base-reached-new-transaction-record-with-minimal-rent-to-ethereum/

According to U.Today, renowned trader Peter Brandt has shared his insights on the price dynamics of two prominent altcoins, Ethereum (ETH) and Solana (SOL). Brandt, who has been a significant figure in the financial markets since the 1970s, recently commented on the complexities and costs associated with Ethereum. He described ETH as a "completely broken utility coin" due to its intricate ecosystem and high transaction fees. This perspective aligns with his earlier criticisms of Ethereum, where he pointed out the limitations of the cryptocurrency as a functional ecosystem. Despite his critical stance on Ethereum, Brandt's analysis indicates that both Ethereum and Solana are positioned for substantial movements alongside Bitcoin, which has recently achieved a new all-time high exceeding $75,000. Brandt highlighted that while Solana is reaching new price highs, Ethereum is still contending with significant overhead resistance, which could hinder its performance. He expressed a preference for Solana, noting its potential to break into new highs, whereas Ethereum is still "chewing into overhead resistance." The discussion around Ethereum's price has been a major topic throughout the year, primarily due to its underperformance compared to Bitcoin and Solana in 2024. As of now, Ethereum's price has only increased by 23.21% since the start of the year. Meanwhile, Solana is gaining traction as a viable competitor to Ethereum, attracting users and investors seeking more efficient alternatives. This situation presents a dual narrative: on one hand, Ethereum is anticipated to grow, even according to its critics, but on the other hand, its transaction costs and operational complexity pose challenges to its long-term sustainability.

According to U.Today, the price of the cryptocurrency XRP experienced a notable increase today, with its value rising from $0.5527 to $0.578 within just over an hour, marking a 4.71% gain. This surge brought XRP to its highest level since early October. The reason behind this sudden price movement remains unclear, as there were no significant news events related to XRP during this period. Interestingly, this price spike occurred just before the formation of a technical pattern known as a 'death cross' on XRP's daily price chart. This pattern, characterized by the 50-day moving average crossing below the 200-day moving average, is often seen as a bearish indicator, suggesting potential price declines. Historically, when XRP last experienced a death cross, its price dropped by more than 20% over the following 70 days, reaching a low of $0.4. The current situation presents a complex scenario for XRP. While the death cross typically signals a bearish trend, today's rally could indicate heightened interest and trading volume. This juxtaposition of a bullish price movement against a looming bearish technical pattern suggests a potential shift in market sentiment. As a result, XRP has captured the attention of investors and enthusiasts, setting the stage for potential volatility in the near future.

Former Binance CEO Changpeng Zhao, also known as CZ, recently addressed the second anniversary of the FTX collapse. In a social media post, Zhao commented on the sudden collapse of FTX, saying that the events seemed to have happened two decades ago. The FTX exchange, which was at one time the world’s second-largest crypto exchange, […] source: https://www.cryptopolitan.com/changpeng-zhao-reflects-on-ftx-anniversary/

Monkey-themed meme coins are surging as South Carolina residents secure their homes after 43 monkeys escaped a Yemassee research facility. Though used in vaccine development and not a public health risk, the incident has ignited memes, conspiracy theories, and nostalgia for Hollywood’s primate escapades.

MonkeyBit completed a $2 million seed funding round and launched a global ambassador recruitment programme this month. Aiming to build the next Web3 social amusement ecosystem, MonkeyBit plans to release its $MONK token in Q3. Will you go bananas for these monkeys?