Data shows that BTC broke through $79,000 during the Asian session on Sunday, with a cumulative weekly gain of 15%, the highest level since February. Most of the gains occurred after Donald Trump won the US election held on Thursday. Based on Velo data, the annualized rolling premium of three-month Bitcoin futures on Binance and Deribit exceeded 14% for the first time since June. The futures basis on CME rose by more than 10% on Friday. The increase in premiums reflects traders' preference for bullish bets and may attract arbitrage traders. In addition, according to Deribit data, the open interest of BTC call option contracts with a strike price of $80,000 increased to more than $1.6 billion, providing buyers with asymmetric upside potential beyond that level. Traders have been buying $80,000 call options since before the US election, expecting a breakthrough before the end of the year. According to Amberdata, the $80,000 strike price has the largest negative gamma value, so once the price reaches that level, volatility is likely to rise sharply. (CoinDesk)

According to BlockBeats, on November 10, Scam Sniffer reported that the malware known as 'EdtiProAI' is using advertisements on X (formerly Twitter) to reach potential victims. Users who install 'EdtiProAI' are at risk of having their wallet private keys compromised. This development highlights the increasing sophistication of cyber threats targeting cryptocurrency users. The malware's strategy involves leveraging social media platforms to spread its reach, exploiting the trust users place in these networks. By using targeted ads, 'EdtiProAI' can effectively lure unsuspecting users into downloading the malicious software, which then seeks to access sensitive information stored in their digital wallets. This poses a significant risk to the security of users' cryptocurrency assets, as private keys are essential for accessing and managing digital funds. The incident underscores the importance of vigilance and caution when interacting with online advertisements, especially those related to cryptocurrency and financial services. Users are advised to verify the authenticity of software and applications before installation and to employ robust security measures to protect their digital assets. The rise of such malware attacks calls for increased awareness and proactive measures to safeguard against potential threats in the digital landscape.

According to Scam Sniffer, the malware "EdtiProAI" attempts to use X ads to target potential victims. If users mistakenly install the software, their wallet private keys will be at risk.

According to a recent report from Messari, total crypto funding in October 2024 increased 96% month-over-month to $1.76 billion, the highest since November 2023. The report shows that the number of transactions in October increased 25% from the previous month, totaling 282 transactions. Several large rounds contributed to October's strong performance, including Praxis's $525 million financing and multi-chain platform Infinite's $68 million financing. This also includes Kraken's 25 million OP grant from the Optimism Foundation, which was worth about $100 million when the deal was reached earlier this year, as part of Kraken's plan to launch a Layer 2 called Ink using the Optimism blockchain's OP Stack framework. Other notable transactions include Azure Games' $43 million financing and cryptocurrency trading platform Yellow Card's $33 million financing. In October 2024, early-stage funding in the crypto sector increased by 18% month-on-month to $396 million. In addition, the number of transactions in this particular group was 72, an increase of about 13% compared to the previous month. These included Azra Games' $43 million funding, Nillion Network's $25 million funding, and DeFi project Citrea's $14 million funding. Cryptocurrency funding in the financial sector fell by about 2% month-on-month to $259 million this month, and the number of transactions increased by 23% to 92. Funding in the infrastructure sector increased significantly, up 73% month-on-month to $92 million, and the number of transactions decreased by 8% to 24.

FTX has filed lawsuits against several individuals and entities in a bid to recover some funds for its creditors. The filing comes just a month after its reorganization plan was approved by a Judge. Some of the entities involved in the lawsuit include Skybridge Capital CEO Anthony Scaramucci, game developer Storybook Brawl, and some others. […] source: https://www.cryptopolitan.com/ftx-drags-scaramucci-and-others-to-court/

Bitcoin has broken the $79,000 price level for the first time and many traders are sharing the sentiment that "this is just the beginning." source: https://cointelegraph.com/news/bitcoin-breaks-79k-all-time-high-crypto-analysts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

FTX, once a leading crypto exchange for Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE), has repo source: https://www.benzinga.com/markets/cryptocurrency/24/11/41867380/anthony-scaramucci-sued-by-ftx-says-bankman-fried-made-investments-in-skybridge-endeavors-?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Ripple CEO Brad Garlinghouse recently shared his views on X, highlighting the changes that may occur in cryptocurrency regulation under President-elect Trump. He said that Ripple and XRP may be facing a turning point as the new pro-cryptocurrency regulatory shift is expected to bring new hope and potentially resolve the years-long legal dispute. He praised the resilience of the XRP community and admitted: "A lot has happened since XRP became the second most valuable digital asset, and this journey has also been accompanied by frustrating experiences." Garlinghouse pointed out: "It has been 6 years since the SEC began intervening in the cryptocurrency market and picking winners and losers... and it has been 4 years since the SEC sued Ripple... Now, as these external (and frankly unnatural and manipulative) market factors gradually fade, we are finally seeing the light at the end of the tunnel. The tide is turning, the headwind is turning into a tailwind, and the opportunity is huge for those of us who believe in the future of XRP."

According to PANews, Cardano founder Charles Hoskinson recently announced plans to collaborate with lawmakers and government officials to advance a bipartisan bill. His company, Input Output Global (IOG), is set to establish a dedicated policy department focused on cryptocurrency regulation. This new office will work on developing a legislative framework that incorporates the provisions of the 21st Century Financial Innovation and Technology Act (FIT21) and the Responsible Financial Innovation Act (RFIA). Hoskinson emphasized the importance of creating a regulatory environment that supports innovation while ensuring responsible financial practices. By engaging with policymakers, IOG aims to contribute to the development of comprehensive legislation that addresses the evolving needs of the cryptocurrency industry. The initiative reflects a proactive approach to shaping the future of digital finance, aligning with global efforts to establish clear regulatory guidelines. The establishment of a policy department within IOG signifies a strategic move to influence the legislative process and advocate for balanced regulations. By integrating key elements from existing legislative proposals, the company seeks to foster an environment conducive to technological advancement and financial stability. This effort underscores the growing recognition of the need for tailored regulatory frameworks to accommodate the unique characteristics of digital assets and blockchain technology.

According to Foresight News, data from Alternative.me indicates that the cryptocurrency Fear and Greed Index has risen to 78 today, up from 75 yesterday. This increase signifies that the market is currently in a state of 'extreme greed.' The Fear and Greed Index is a tool used to gauge the emotions and sentiments of the cryptocurrency market. A higher index value suggests that investors are becoming increasingly greedy, which can often precede market corrections. The index is calculated based on various factors, including volatility, market momentum, social media trends, and surveys, among others. The shift from a 'greed' state to 'extreme greed' reflects heightened investor confidence and optimism in the market. However, it also serves as a cautionary signal for potential market volatility. Investors are advised to remain vigilant and consider the risks associated with such market conditions. The index's movement is closely watched by traders and analysts as it provides insights into market dynamics and potential future trends.

Trump strutted onto the stage of a Florida ballroom surrounded by advisers, party leaders, family and friends. The Associated Press had not yet called the election results, but it was clear that voters had pushed him back to power.

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