Here's your Monday industry catch-up📰

Crypto & Blockchain Update: November 4-10

📈Market Highlights

- Bitcoin hits new all-time high over $80,000 with 17% increase in price over last week
- Ethereum retakes $3,100 rising 27% over last 7 days
- Last week’s top 5 gainers were $CRO (+99%), $NEIRO (+85%), $DOGE (+84%), $ADA (+72%) and $SUI (+67%)
- Solana and Dogecoin hit 3 year highs
- Crypto market’s Fear & Greed Index is at 79 Greed today
- BlackRock’s Bitcoin ETF has now surpassed its Gold ETF in net assets

🌐Blockchain Tech & Gaming

- Near Protocol plans to build world’s largest 1.4T parameter open-source AI model, 3.5x bigger than Meta’s Llama model
- Blockchain domain provider Unstoppable Domains partnered with Cake Wallet, allowing users to use Monero (.xmr) domains in blockchain transactions
- WalletConnect Foundation in partnership with Reown has introduced a set of onchain UX standards named WalletGuide
- South Korean game developer Delabs Games is bringing Ragnarok IP to Telegram in Q1 and Boxing Star in Q3 of 2025
- Immutable announces in-game signing feature for transactions, currently only for game-issued assets, with plans to expand the capability to IMX, USDC, and $ETH
- Magic Labs and Polygon Labs launch a cross-chain smart wallet for AggLayer to tackle liquidity fragmentation
- ENS to build its own layer-2 blockchain called “Namechain”, which will use zkEVM
- https://t.co/POANOvGzyM Assistant launched at conference in Bangkok that can launch memecoins and search the web

🛡️Crypto security

- Dune launched a new dashboard “Hacks, Exploits, and Social Engineering” tracking crypto-related cybercrime with data from more than 5,500 scams so far
- WonderFi CEO kidnapped and released after paying $720,000 ransom
- North Korean hackers target crypto exchanges and platforms with phishing emails that include malware disguised as documents
- Ransomware group Hellcat demand $125,000 from Schneider Electric or threat to release 40GB worth of stolen private data
- Singapore’s MAS and France’s BDF are experimenting with post-quantum computing for encrypting emails

📃Regulatory Updates

- Detroit to accept cryptocurrencies for tax and fee payments starting mid-2025
- Charles Hoskinson, founder of Cardano, to help shape U.S. crypto policy under Trump administration
- Norway’s central bank, Norges Bank, endorses MiCA and considers launching CBDC
- Crypto mixer Bitfog founder sentenced to 12.5 years in jail
- France is currently examining crypto prediction platform Polymarket’s compliance with French gambling legislation

💰Investments & Partnerships
- HashKey Capital and Decrypto launch Layer East Media to help web3 businesses grow in the Asia-Pacific region
- Foresight Ventures and Bitget Wallet launch $20M grant for Telegram mini apps
- Binance Labs steps into DeSci (decentralized science) with investment in BIO Protocol
- Pharos closes $8M seed round led by Hack VC and Lightspeed Faction to accelerate the development of Pharos protocol
- Pond raises $7.5M in seed round for its decentralized AI model layer for crypto
- Tether invests $45M into oil trading, entering the commodity trading market

🗞️Miscellaneous

- Cumulative monthly web traffic to crypto exchanges increased by 8% in October according to ICO Analytics
- Standard Chartered estimates crypto market cap will reach $10 trillion, Bitcoin $200,000 and Ethereum $10,000 by end of 2026
- BlackRock’s Bitcoin ETF (IBIT) surpassed its Gold ETF (IAU) in net assets
- MicroStrategy Bitcoin portfolio reaches $20 billion in value, with ROI over 104%
- Blockstream development firm opens a hub in Lugano, Switzerland

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Have a successful new week ahead!🤝
- Swapin Team