Cryptocurrency news digest overnight November 14, 2024
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Johny Smith
2024/11/28
3 mins read
According to data as of November 13, the market capitalization of the cryptocurrency market is $3.15 trillion. The price of Bitcoin (BTC) is around $91,300, which is 4.4% higher than a day ago. Ether (ETH) is trading at $3,213. As for other cryptocurrencies, Solana (SOL) increased by 7.2% overnight, while Dogecoin (DOGE) and XRP (XRP) rose by 6.5 and 7.7%, respectively. The Cardano (ADA) price has increased by 8.7% over the past 24 hours.
BTC-ETFs recorded a net inflow of $510 million, demonstrating positive results for the 6th day in a row. The best was an ETF from BlackRock under the ticker IBIT, which attracted $231 million in one day. On the same day, Ethereum-ETF registered an inflow of $147 million.
- Trading volumes on Solana DEX reached maximum
- Problems with Phantom Wallet for iOS users
- Coincheck receives approval to list on Nasdaq
- Upbit Launches Trading in the PEPE/KRW Pair
- New trading pairs on Bithumb
Trading volumes on Solana DEX reached maximum
According to DeFiLlama, daily trading volume on decentralized exchanges on the Solana network has exceeded $5 billion for 3 days in a row. The transaction amount amounted to $15.898 billion, with the Raydium platform accounting for about 60% of the total share. These figures highlight the growing interest in the Solana-based DeFi sector and its competitiveness against other blockchains.
Problems with Phantom Wallet for iOS users
Crypto wallet developers warned iOS users about problems caused by the latest app update, which resulted in some users resetting their settings. Users who do not back up their recovery phrases may permanently lose access to their wallets. One client reported a loss of up to $1 million.
Coincheck receives approval to list on Nasdaq
The US Securities and Exchange Commission (SEC) has approved Japanese cryptocurrency exchange Coincheck’s application to list on Nasdaq. The shares are expected to list on the platform on December 10 under the ticker symbol CNCK. This will be the first Japanese cryptocurrency operator to have a presence in the United States.
Upbit Launches Trading in the PEPE/KRW Pair
South Korea’s largest crypto exchange, Upbit, has announced the addition of a new trading pair with the PEPE token to the Korean Won (KRW). The launch demonstrates the high interest of traders and strengthens PEPE’s position in the local market.
New trading pairs on Bithumb
A major South Korean cryptocurrency exchange, ranked 2nd in terms of trading volume, announced the launch of trading pairs with AltLayer (ALT) and Swell Network (SWELL) tokens against the Korean won (KRW). This move helps expand the range of assets on the platform and increases the liquidity of tokens in the local market.
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