Cryptocurrency news digest overnight November 15, 2024
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Johny Smith
2024/11/18
4 mins read
According to data as of November 15, 2024, the Bitcoin (BTC) rate is 89,625, which is 2.2% lower than the previous day. Ethereum (ETH) is trading at $3,100, having lost 2.8% in price over the past 24 hours. The industry capitalization is $3.09 trillion. The best result among the top 100 over the last 24 hours was demonstrated by Brett (BRETT). Its quotes soared by 18.4%. Hedera (HBAR) and XRP (XRP) rose 15.9% and 15.4%, respectively.
- Withdrawing funds from Bitcoin ETF
- Ethereum ETF is also experiencing outflows
- Powell is cautious about rate cuts
- Tether Launches Hadron for Tokenization
- States file suit against SEC
- Clayton as U.S. Attorney for the Southern District of New York
- Solidion Technology Bet on BTC
- Upbit accused of KYC violations
Withdrawing funds from Bitcoin ETF
Yesterday, November 14, the BTC ETF market recorded its first significant outflow of $401 million. However, BlackRock’s IBIT fund was able to raise $127 million. Experts believe that the company’s reputation and strategic approach ensure interest in its products, despite the pressure exerted to the market.
Ethereum ETF is also experiencing outflows
Yesterday was marked by an outflow of $3.24 million from the Ethereum ETF. At the same time, ETHA from BlackRock recorded an influx of $18.87 million. The division of interests in the market demonstrates the stability of trust in the products of this company
Powell is cautious about rate cuts
Fed Chairman Jerome Powell said that the economy does not yet require urgent measures. Strong dynamics allow the organization to be more attentive to decisions and not rush to further reduce rates. Despite this, Powell is confident that inflation will continue to decline.
Tether Launches Hadron for Tokenization
Tether introduced the Hadron platform, which simplifies the tokenization of assets ranging from stocks and bonds to stablecoins. The platform supports several blockchains, including Bitcoin level 2 solutions.
States file suit against SEC
Immediately 18 American states filed a lawsuit against the SEC, accusing the agency of excessive regulation of the crypto industry under the leadership of Gary Gensler. State representatives believe that such actions violate their right to independently manage the economy.
Clayton as U.S. Attorney for the Southern District of New York
Donald Trump has appointed former SEC Chairman Jay Clayton as U.S. Attorney for the Southern District of New York. Clayton is known for taking a tough stance on the crypto industry, including filing lawsuits against RippleKik and Telegram.
Solidion Technology Bet on BTC
Solidion Technology (NASDAQ: STI) management announced it will invest in Bitcoinusing 60% of excess funds. The company will also begin converting interest income into cryptocurrency.
Upbit accused of KYC violations
South Korean authorities are investigating possible large-scale KYC violations on Upbitthe country’s largest crypto exchange. It is suspected that 500 thousand -600 thousand documents can be used in illegal transactions. This raises concerns about potential tightening of regulation and trust in crypto exchanges in the country.
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