Your Monday industry catch-up📰

Crypto Update: November 18-24

📈Market Highlights

- Bitcoin hits a new all-time high and currently at $98,300 with 8% increase in price over last 7 days
- Ethereum sitting at $3,300 with 8% increase last week
- Last week’s top 3 gainers were XLM (+130%), SAND (+119%), and MANA (+67%); while top 3 losers were POPCAT (-21%), PNUT (-16%), and OM (-12%)
- Crypto market’s Fear & Greed Index is at 87 Extreme Greed today
- Crypto market capitalization at record high $3.31 trillion, up 12% in a week
- NFT weekly sales volume hits $158M, with 69% increase month-to-date and top 3 blockchains making volume Ethereum, Bitcoin, and Solana

📃Regulatory Updates

- Solana ETF regulatory filings are submitted by CBOE BZX Exchange for 4 asset managers Bitwise, VanEck, 21Shares, and Canary Capital
- SEC Chair Gary Gensler steps down and leaves agency January 20, 2025
- South Korean virtual asset deposit platform Delio declared bankrupt by Seoul court November 22th, owing customers $1.75 billion
- U.S. Attorney’s Office charges 5 people for being part of “Scattered Spider” group that hacked businesses and individuals via SIM phishing links and SIM- swapped employees to steal login credentials and exploit $11 million
- Hong Kong’s biggest virtual bank, ZA Bank, now allows retail users to buy Bitcoin and Ethereum with fiat
- Texas senator Ted Cruz wants to make Texas “oasis” for Bitcoin and cryptocurrency
- Australia’s Treasury Department begins seeking feedback on international reporting standard for crypto transactions

💰Investments & Partnerships

- Sui and asset manager Franklin Templeton partner up to develop new blockchain technologies and use cases on Sui network
- Financial services company Cantor Fitzgerald to acquire a 5% stake in Tether valued up to $600 million
- FIFA and blockchain gaming studio Mythical Games partner to launch FIFA Rivals, free-to-play football game on iOS and Android
- Los Angeles Clippers add Coinbase as sponsor

🛡️Crypto Security

- Apple admits to a security vulnerability that let hackers take control of Intel-based Mac systems and iPhone or iPad users by processing maliciously crafted web content

🗞️Miscellaneous

- MicroStrategy raises $3 billion to buy more Bitcoin, MSTR up by 22% in 5 days
- Tether mints $2 billion in USDt stablecoins on Ethereum blockchain and $1 billion on Tron network
- Charles Schwab plans to enter the spot crypto trading market once U.S. regulations become clearer
- Intelligent Alpha relies on a trio of AIs (ChatGPT, Gemini, Claude) to make investment decisions, and their prediction is $140k Bitcoin
- FTX updates timeline for reimbursement payouts to March 2025

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Have a successful new week ahead!🤝