Cryptocurrency news digest overnight November 13, 2024
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Johny Smith
2024/12/08
4 mins read
According to data as of the morning of November 13, 2024, quotes for the Bitcoin cryptocurrency (BTC) are at $87,650. The rate dropped by 1.4% per day. The digital coin has a market capitalization of $1.73 trillion, and daily trading volumes on the spot market reached $114.24 billion. Ether (ETH) is trading at $3,170, having lost 6% in the last 24 hours. The total coin supply is $381.56 billion.
Some key altcoins were affected by a significant correction. So, for example, Solana (SOL) fell in price by 7.7%, and Dogecoin (DOGE) lost about 7% of its value. The quotes of Cardano (ADA) and Shiba Inu (SHIB) fell even more significantly – by 15.2% and 15.3%, respectively. Avalanche (AVAX) fell by 13.2%, and Artificial Superintelligence Alliance (FET) lost 17.2% of its price.
- Bitcoin ETFs received $818 million
- Ethereum sets record highs
- South Korean crypto scandal
- FTX Case: US Department of Justice Supports Lawsuit Against Binance
- AI and Cryptocurrency: Forecasts from Binance Research
- US politics: new appointments and statements by Trump
- Ethereum in 2024: vision of the future from Vitalik Buterin
Bitcoin ETFs received $818 million
According to the latest data from SoSoValue, BTC spot ETFs attracted net inflows of $818 million on November 12, continuing this trend for the 5th day in a row. The impressive result was achieved thanks to the BlackRock IBIT ETF, which attracted $778 million in one day.
Ethereum sets record highs
Ethereum ETFs recorded net inflows for 5 consecutive days for the first time in history. Spot funds raised $136 million, and BlackRock ETHA received $131 million. The total asset value of the Ethereum ETF is now $9.67 billion.
South Korean crypto scandal
South Korean police have uncovered a major cryptocurrency fraud scheme. The main suspect turned out to be a YouTube blogger with 620 thousand subscribers, who deceived more than 15 thousand investors by promising high profits. The amount of damage is estimated at $213 million. In connection with the case, 12 people were arrested, and an application for confiscation was filed for 22 BTC.
FTX Case: US Department of Justice Supports Lawsuit Against Binance
The US Department of Justice (DOJ) filed a lawsuit for the confiscation of approximately $160 million in cryptocurrencies. This is due to an investigation that lasted more than a year. The charge involves a Binance account containing assets SOLICP, AVAX, XRP and ADA, of which $85 million is from SOL.
AI and Cryptocurrency: Forecasts from Binance Research
A new report from Binance Research highlights the potential of AI agents in the world of cryptocurrencies. Although they are still in their infancy, the positive dynamics hint at significant growth in the sector in the coming months.
US politics: new appointments and statements by Trump
Newly elected US President Donald Trump has made a number of high-profile statements. He appointed Pete Hegseth as Secretary of Defense. Hegseth, known for his positive views on Bitcoin, believes that the cryptocurrency will gain new value due to its independence from the state. The future president also announced the creation of the Department of Government Effectiveness (DOGE), headed by Elon Musk and Vivek Ramaswamy. Their goal is to simplify bureaucracy, reduce regulatory burdens, and reform federal agencies.
Ethereum in 2024: vision of the future from Vitalik Buterin
At the Devcon2024 conference in Bangkok, Vitalik Buterin shared his development plans Ethereum. Among the main directions are increased decentralization, censorship resistance, quantum security, as well as scaling, which allows processing over 100 thousand transactions per second at L2 levels. In the future, Ethereum could cover a wide range of applications, from payments to social platforms.
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