That this has been an interesting week for the crypto industry is an understatement, considering the action the market has witnessed. The price of Bitcoin climbed to unprecedented highs, as the coin inched closer to $100K. Investors are buzzing with anticipation as the cryptocurrency shows signs of a continued surge, defying expectations and shifting market […] The post Bitcoin Beyond $98K:... source: https://www.thecoinrepublic.com/2024/11/24/bitcoin-beyond-98k-whats-pushing-btc-price/

On Nov 24, 2024, 11:11 AM(UTC). According to Binance Market Data, BNB has dropped below 660 USDT and is now trading at 658.5 USDT, with a narrowed 0.79% decrease in 24 hours.

It’s been another busy week in the crypto market: MicroStrategy buys another $4.6 billion of Bitcoin, BlackRock’s Bitcoin ETF options brings in $2 billion on day one, Donald Trump’s transition team considers first White House crypto office, Justin Sun buys a banana for $6.2 million, SEC chair Gensler to step down on January 20, Bitcoin […] The post What happened in crypto this week appeared... source: https://coinjournal.net/news/what-happened-in-crypto-this-week-5/

The post Solana Skyrockets: Spot ETF Filings Surge Amid Pro-Crypto Regulatory Shift! appeared first on Upcoming ICO Drops IDO IEO Calendar. The cryptocurrency world is buzzing as Solana takes center stage, fueled by a flurry of spot ETF filings and renewed optimism about regulatory shifts. The native token of the Solana blockchain, SOL, has surged by 21.1% over the past week, peaking at $263.7... source: https://icogemhunters.com/solana-skyrockets-spot-etf-filings-surge-amid-pro-crypto-regulatory-shift/

1. NBA retired star Pippen: I met Satoshi Nakamoto in 1993; 2. Trump's nominee for Secretary of Commerce Lutnick is negotiating with Tether to launch a $2 billion Bitcoin lending project; 3. NBC: All polling stations in this presidential election have been closed; 4. The authorized issuance of USDT on the TON chain has increased to about $1.23 billion, ranking among the top five; 5. US Congressman French Hill: Hester Peirce may become the new acting chairman of the SEC; 6. VanEck reiterated his prediction that Bitcoin will rise to $180,000 in the current cycle: the next stage of the bull market "has just begun"; 7. Tether spokesperson: The relationship with Cantor is completely professional, and Lutnick's claim of influencing regulatory actions is pure nonsense; 8. Crypto-related PACs and their affiliated groups invested more than $245 million in the 2024 US election cycle; 9. Fundstrat executives: The current Korean "Kimchi premium" is about 0%, Bitcoin may still have room to rise; 10. Elon Musk retweeted a post about Mars immigration and said it was support from the "meme" OG creator; 11. Uniswap founder: The killer use case of cryptocurrency is to transfer value.

The approval of a Solana (SOL) exchange-traded fund (ETF) is expected by the end of 2025 at the latest, according to Nate Geraci, president of The ETF Store. Geraci suggested that the United States Securities and Exchange Commission (SEC) may already be in discussions with the ETF issuer, signaling progress toward a potential launch.Industry leaders remain optimistic about the prospects of a Solana ETF, with Alexander Blume, CEO of Two Prime Digital Assets, noting that leading firms like Bitwise have already submitted applications. Blume highlighted that the success of spot Bitcoin and Ethereum ETFs, coupled with a more favorable regulatory climate, sets the stage for Solana to follow suit."Regulatory clarity and institutional interest in digital assets have significantly advanced, making the launch of a Solana ETF a matter of when, not if," Blume added.The anticipation surrounding a Solana ETF aligns with a broader trend of expanding cryptocurrency investment vehicles, which have fueled record inflows into digital asset markets in recent months.As the crypto space continues to mature, the potential approval of a Solana ETF represents another step toward integrating blockchain technology into mainstream finance.    

MicroStrategy’s skyrocketing stock and its associated leveraged exchange-traded funds (ETFs) have pushed prime brokers to their limits, as demand for these volatile products tests Wall Street’s risk appetite.Key Developments:Strained Prime Brokers: The T-Rex 2X Long MSTR Daily Target ETF (MSTU), launched by Matt Tuttle, has faced challenges securing swap exposure for its mandate, with brokers hitting capacity limits. The fund offers double the return on MicroStrategy’s stock and has surged over 600% since its debut in October.Rising Volatility: Rivals like Defiance Daily Target 2X Long MSTR ETF (MSTX) have also adopted options to manage leverage, reflecting the turbulence of MicroStrategy, the largest publicly traded holder of Bitcoin.Massive Growth: Combined, the two leveraged MicroStrategy ETFs now hold roughly $4 billion in assets. MicroStrategy’s share price has gained over 70% since Donald Trump’s pro-crypto election win on November 5.Prime Broker Challenges:Prime brokers, including Cantor Fitzgerald, Marex, and Clear Street, are imposing stricter margin requirements as the volatility of MicroStrategy stock increases. Swaps and options are being used extensively to meet ETF mandates, introducing complexities and higher risk thresholds.Market Impact:The ETFs have amplified MicroStrategy’s share rally, with its stock advancing nearly four times faster than Bitcoin since MSTX’s August launch. This rapid growth has raised questions about whether the market has reached its saturation point for such high-octane financial products.Retail and Regulatory Dynamics:Leveraged single-stock ETFs, introduced in 2022, attract retail investors seeking quick profits but are flagged by regulators for their risks. There are now over 90 leveraged or inverse ETFs based on single stocks, highlighting the growing demand for these speculative instruments.As MicroStrategy’s stock continues its parabolic rise, market players are adapting to the challenges of managing these ETFs, with both opportunities and risks mounting in this volatile landscape, according to Bloomberg

X, the platform formerly known as Twitter, is set to roll out a remittance feature through its X Payments service, according to CEO Elon Musk. This marks a significant step toward Musk's vision of transforming X into a WeChat-like "everything app."Key Details:Licensing: X Payments LLC has secured money transmitter licenses in 37 U.S. states, excluding New York, laying the groundwork for seamless payment integrations.Peer-to-Peer Transactions: The new feature aims to enhance user engagement by enabling direct money transfers within the app.Cryptocurrency Speculations: While details on crypto integration remain undisclosed, community speculation suggests the inclusion of Dogecoin due to Musk's past endorsements.X Payments aims to secure licenses in all 50 states and plans to launch its payment services by the end of 2024. This development aligns with Musk's broader strategy of integrating diverse functionalities into a single, user-friendly platform.     

Dogecoin is nearing the $0.50 barrier with an 18% pump in the past 24 hours. This reinforces optimism in the meme coin sector, and traders are betting on Crypto All-Stars as a lucrative Dogecoin beta investment. Dogecoin Hits 3.5-Year High There have only been 16 days in Dogecoin’s history when it traded higher than its […] source: https://www.cryptopolitan.com/dogecoin-pumps-another-15-nears-0-5-and-this-new-meme-coin-could-explode-next/