𝗖𝗿𝘆𝗽𝘁𝗼 𝗪𝗲𝗲𝗸𝗹𝘆 𝗥𝗼𝘂𝗻𝗱𝘂𝗽

In this week's roundup, we highlight key developments in the crypto space, from Bitcoin's historic surge to significant events shaping the industry:

𝗠𝗮𝗿𝗸𝗲𝘁 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄

‣ Bitcoin ($BTC): has surged past $93,000 for the first time in history, continuing its rally with a market cap of $1.77 trillion and a dominance of 59.97% while making an 18.56% increase in the last 7days.

‣ Ethereum ($ETH): has experienced a remarkable price surge over the past week, trading between $3,180 and $3,460, reflecting a 10.85% increase. Its market dominance currently stands at an impressive 12.80%.

‣ Bitcoin recently surpassed silver, becoming the 8th largest asset globally, and later surpassed Saudi Aramco, becoming the 7th largest asset.

‣ MicroStrategy added 27,200 $BTC to its holdings, making it the largest corporate Bitcoin holder while El Salvador's Bitcoin investment has surpassed $525 million in profit.

‣ Ethereum’s researcher, Justin Drake, unveiled "Beam Chain," an ambitious upgrade for Ethereum’s consensus layer.

‣ Ethereum L2 solutions are advancing, with new projects like Namechain (scalability) and Lisk (mainnet launch with airdrop plans).

‣ Satoshi-era Bitcoin wallet moved 2,000 $BTC worth $178M for the first time since 2010

𝗖𝗿𝘆𝗽𝘁𝗼 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗿𝗲𝗻𝗱𝘀

‣ The total cryptocurrency market cap has surpassed $3 trillion, reflecting a remarkable growth of $300 billion in just the past week. This milestone highlights the market's significant expansion in recent weeks.

‣ The fear and greed index is at 86, at this point, fear has left the room signaling extreme greed in the market.

‣ Spot Ether ETFs are experiencing a surge in inflows, reversing their earlier decline, while BlackRock’s spot Bitcoin ETF has broken records, reaching $5 billion in volume for the first time, clocking $60.3M inflows, the highest in 94 days.

‣ Bitcoin's market cap has continued to grow, with $765 billion added to the cryptocurrency market in the past week.

𝗠𝗲𝗺𝗲𝗰𝗼𝗶𝗻𝘀 𝗦𝘂𝗿𝗴𝗲

‣ $PNUT reached a $1.87B market cap, with an ATH of $2.468, showing an increase of 1,353% in the past 7 days.

‣ Dogecoin ($DOGE) surged to a 3-year high, crossing $0.41, while $PEPE has soared to a $10B market cap after listing on Robinhood and Coinbase. It also flipped $SUI in market cap.

‣ Solana-based $BONK, $MOG, $POPcat, $GOAT, and $HIPPO memecoins also made headlines, with some reaching $1B-$2B market cap.

𝗖𝗿𝘆𝗽𝘁𝗼 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀 & 𝗣𝗼𝗹𝗶𝗰𝘆

‣ The Digital Chamber is pushing U.S. lawmakers to pass stablecoin legislation amid the ongoing debate for clearer crypto regulations.

‣ Trump is exploring a more relaxed crypto regulatory environment, considering new personnel and policies. He has appointed @elonmusk and @VivekGRamaswamy to lead the Department of Government Efficiency (DOGE).

‣ The UK is preparing to launch digital gilt trials within two years, utilizing blockchain for government debt.

‣ Donald Trump nominated Coinbase CEO Brian Armstrong for Secretary of the Treasury.

‣ U.S. Justice Department is investigating Polymarket for accepting trades from U.S.-based users.

‣ Pennsylvania introduces a bill to create a Bitcoin Strategic Reserve for the state.

𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 & 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝗮𝗹 𝗠𝗼𝘃𝗲𝘀

‣ MicroStrategy's recent Bitcoin purchase of 27,200 $BTC pushes its total holdings to over $2 billion.

‣ BlackRock’s BUIDL fund is expanding to include new blockchains like Aptos, Arbitrum, Avalanche, and Polygon.

‣ Nano Labs now accepts Bitcoin as payment, marking a significant step in digital currency adoption.

‣ Coinbase launched the Coinbase 50 Crypto Index and acquired Utopia Labs, a stablecoin payment processor.

𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝘆 & 𝗘𝘅𝗽𝗹𝗼𝗶𝘁𝘀

‣ DeltaPrimeDefi faces a $4.8M exploit, marking its second major security breach this year.

‣ South Korean authorities arrested 215 individuals linked to a $232M crypto scam.

‣ Phantom iOS users were locked out of wallets following app resets, prompting security warnings.

‣ FBI seized Polymarket CEO Shayne Coplan’s electronics in a raid following a protocol leak.

𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 & 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀

‣ @CalaxyApp launched Worlds, a collection of online spaces for personalized, installable mini dapps.

‣ Tether introduced WDK, allowing businesses to integrate non-custodial wallets into apps and websites.

‣ @KaikoData acquired European crypto index provider Vinter to expand its analytics and index offerings.

‣ Zero Network’s L2 goes live, offering gasless transactions with an anti-spam mechanism.

𝗡𝗼𝘁𝗮𝗯𝗹𝗲 𝗔𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻𝘀 & 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀

‣ Binance Labs invested in BIO Protocol, expanding its portfolio of blockchain-based projects.

‣ Modular AI chain OG Labs raised $290M in funding to support blockchain projects.

‣ BitwiseInvest acquired Attestant, expanding its offerings in Ether staking services.

𝗘𝘃𝗲𝗻𝘁 𝘁𝗵𝗮𝘁 𝗵𝗮𝗽𝗽𝗲𝗻𝗲𝗱 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸

‣ Devcon 2024 (November 12-15) in Bangkok is the flagship Ethereum conference, focusing on blockchain innovation, Ethereum’s future, scaling solutions, and decentralized applications (dApps).

𝗡𝗲𝘅𝘁 𝘄𝗲𝗲𝗸'𝘀 𝗲𝘃𝗲𝗻𝘁𝘀

‣ Adopting Bitcoin (November 16-17) in El Salvador is a key event for Bitcoin builders, exploring the intersection of Bitcoin and blockchain innovation.

‣ Madeira Blockchain Conference 3.0 (November 18-19) will be held at the Cultural and Research Centre of Funchal (CCIF) in Madeira, Portugal, highlighting cutting-edge blockchain research and development.

‣ Indonesia Blockchain Week 2024 (November 19) in Jakarta will bring together global thought leaders and blockchain enthusiasts to discuss advancements in the space.

‣ European Web3 Summit 2024 (November 20-21) in Brussels, Belgium, will focus on fostering a favorable environment for Web3 development in Europe.

‣ Blockchain Africa 2024 (November 20) in Johannesburg, South Africa, celebrates its 10th anniversary, offering deep dives into how blockchain is reshaping global business practices, especially in Africa.

Sources: Watcherguru, Tokenterminal, Coinmarketcap and other news outlets.

That's all for this week's roundup. Stay updated, stay spicy