According to BlockBeats, on November 8, Bitcoin Magazine CEO David Bailey shared insights on social media regarding the current Bitcoin bull market cycle. Bailey expressed that this cycle is expected to be significantly extended compared to previous ones. Historically, Bitcoin experiences a price increase, often referred to as 'Number Go Up' (NgU), approximately 18 months after a halving event. However, Bailey noted that six months have already passed since the last halving, and it is now evident that the influx of capital will not peak within the next 12 months. Bailey further elaborated that the current market dynamics suggest a prolonged bull market cycle, potentially lasting three to four years before reaching a cooling-off period. This extended duration contrasts with previous cycles, indicating a shift in the market's behavior and the factors influencing Bitcoin's price movements. The CEO's comments highlight the evolving nature of the cryptocurrency market and the potential for longer-term growth trends. As the market continues to develop, investors and analysts are closely monitoring these changes to better understand the future trajectory of Bitcoin and other cryptocurrencies.

Bankrupt cryptocurrency exchange FTX has filed a lawsuit to recover at least $11 million from a Crypto.com account associated with its sister company Alameda Research. Crypto.com reportedly locked the account after Alameda declared bankruptcy and denied FTX administrators’ requests to access the funds despite multiple attempts FTX claims that before filing for bankruptcy, Alameda registered an account on Crypto.com under the name Ka Yu Tin (aka Nicole Tin). According to the company, this practice is common among Alameda, which often opens accounts in the names of shell companies or employees to conceal its trading activities. However, FTX claims that Alameda funded the account and controlled it. (Cryptoslate)

Binance Labs has announced its investment in BIO Protocol, a pioneering project that seeks to revolutionize the financing and commercialization of early-stage scientific research through blockchain technology. This marks Binance Labs' first foray into the Decentralized Science (DeSci) sector, highlighting the lab’s commitment to supporting groundbreaking advancements in technology that promise real-world impact.BIO Protocol operates as an innovative platform that enables scientists, patients, and investors worldwide to fund, develop, and co-own medical advancements through a network of Biotech Decentralized Autonomous Organizations (BioDAOs). The platform addresses key funding gaps in scientific research, with a particular focus on rare diseases, longevity research, and other emerging health challenges. With seven existing BioDAOs exploring diverse areas—from cryopreservation to mental health treatments—the platform’s next projects will tackle Long COVID, rare diseases, and quantum biology, expanding the community-driven reach of scientific research."BIO Protocol represents a significant step forward in DeSci by merging biotechnology and DeFi," said Andy Chang, Investment Director at Binance Labs. "Our commitment is to drive real, long-term impact by investing in projects that build meaningful technology. Supporting BIO Protocol aligns with our mission to foster innovation that can truly shape the future and unlock scientific breakthroughs across the globe."

null source: https://x.com/Bitcoinsensus/status/1854891533356744990

JPMorgan analysts have maintained an Overweight rating on Block, driven by strong growth in its Square and Cash App segments. source: https://www.theblock.co/post/325191/jpmorgan-maintains-positive-outlook-on-jack-dorseys-block-despite-disappointing-q4-forecast?utm_source=rss&utm_medium=rss

On Nov 08, 2024, 14:14 PM(UTC). According to Binance Market Data, BNB has crossed the 600 USDT benchmark and is now trading at 600.289978 USDT, with a narrowed 1.69% increase in 24 hours.

According to Odaily, the cryptocurrency Solana (SOL) has experienced a significant price increase, surpassing the 205 USDT mark. As of the latest update, SOL is trading at 204.65 USDT, marking a 24-hour increase of 9.41%. This surge in Solana's price highlights the ongoing volatility and dynamic nature of the cryptocurrency market. Investors and traders are closely monitoring these fluctuations as they navigate the rapidly changing landscape. The recent price movement of SOL is part of a broader trend observed in various digital assets, which have shown considerable price shifts over short periods. Market participants are advised to stay informed about the latest developments and trends in the cryptocurrency sector, as these can have significant implications for investment strategies and market positions. The rise in Solana's value underscores the importance of keeping abreast of market conditions and potential opportunities within the digital currency space.

BlackRock’s iShares Bitcoin Trust (IBIT) has secured the third-highest year-to-date inflows among US ETFs in 2024, attracting $26.174 billion. With a year-to-date return of 48.52% and assets under management reaching $30.1 billion, IBIT has outperformed many traditional ETFs in both inflows and performance. Further, IBIT’s YTD return is almost double the next highest from any […] The post... source: https://cryptoslate.com/insights/blackrock-bitcoin-etf-surpassed-ytd-flows-of-3000-us-etfs-in-a-single-day-becomes-top-3-etf/

null source: https://x.com/BTC_Archive/status/1854889175138337141

It’s a place where fans can come together, experience the thrill of racing, and drive digital versions of Lamborghini’s powerful cars. This new hub will be filled with activities and games to keep fans on the edge of their seats. All while letting them feel like they’re part of the action. What is Fast ForWorld? […] The post Lamborghini Brings NFTs to Base with Fast ForWorld appeared first on... source: https://www.altcoinbuzz.io/cryptocurrency-news/lamborghini-brings-nfts-to-base-with-fast-forworld/

Genuine Sheboshi tokens are distinguished by their pricing, which consistently features a string of non-zero digits and is observed trading at three-digit figures.