CryptoGlobe

Craig Johnson, Chief Market Technician at Piper Sandler, believes that Bitcoin's recent breakout is a bullish technical signal, with the cryptocurrency potentially rising to $130,000. Johnson also expects post-election trends to favour small and mid-cap stocks, with industrial sectors outperforming the high-flying stocks that currently attract investor enthusiasm.

Melbourne, Australia, November 21st, 2024, Chainwire

eventflo, a decentralized event platform built by seasoned festival veterans, is excited to announce the launch of its highly anticipated TestNet on BNB Chain. eventflo is on a mission to revolutionize the $2.2 trillion global event industry by

Stablecoin inflows surged to a record monthly high of $9.7bn, with investors moving funds to buy cryptocurrencies amid a significant rally. Bitcoin rose more than 7.2% over the past week, trading at a new record high above $98,000. Ethereum’s Ether rose 2.5% over the past week to now trade at around $3,300 per token. The largest holders of Bitcoin keep accumulating at current price levels while their net outflows remain very low, according to crypto data tracker IntoTheBlock.

Nasdaq has listed options on BlackRock's spot Bitcoin ETF (ticker: IBIT) after over 10 months of collaboration with regulators. The launch comes as the iShares Bitcoin Trust has amassed over $30bn in assets since its debut, making it the largest spot Bitcoin ETF in the market. Regulated derivatives tied to IBIT could attract a wave of institutions that face barriers to native crypto options platforms like Deribit, according to crypto-focused proprietary trading firm QCP Capital. 

A cryptocurrency trader turned $462 worth of Solana's native token, SOL, into nearly $1 million within three hours, securing a 2,141x return on a newly launched currency. Venturing into highly speculative and volatile memecoins can lead to significant gains or losses.

The cryptocurrency community rallied around a young trader's rug pull, driving Gen Z Quant's market cap to over $80m after the trader dumped their 51 million tokens soon after launch. The trader has since repeated the strategy with two new tokens, LUCY and SORRY. The incident follows meme crypto traders making millions from legitimate investments, including one making $30m within three days from a $72,000 investment. Trading memecoins can be extremely volatile with losses frequently recorded.

FDUSD becomes the second native stablecoin on Sui, providing a versatile and interoperable stablecoin that drives DeFi applications, strengthening FDUSD’s position as a stablecoin while enhancing Sui’s burgeoning DeFi eco. 

Pepe Unchained aims to improve scalability & transaction speed through layer 2 blockchain technology. Pepeto offers zero-fee cross-chain trading, liquidity management, & a token listing platform while emphasizing community-driven development. The project aims to enable broader community participation through staking rewards & interoperability features.

The price of Dogwifhat ($WIF) has surged over 20% in the past week and a key technical indicator, the TD Sequential, has now flashed a buy signal. Developed by Tom Demark, the indicator is used to identify the exact time of trend exhaustion and potential points of reversal to an uptrend. The signal anticipates a price rise to $3.80 from WIF's current $3.5 level.

Bitcoin whales, or holders of large amounts of the cryptocurrency, continue to accumulate rather than sell, reflecting strong confidence in Bitcoin's potential, according to on-chain analysis from IntoTheBlock. Meanwhile, investment products have seen record inflows of $33.5bn so far this year, with total assets under management reaching a high of $138bn. Goldman Sachs revealed it had increased its exposure to spot Bitcoin ETFs from $281m to $710m. The bank's Wise Origin Bitcoin ETF holdings rose 13%, while its Grayscale Bitcoin Trust holdings climbed 116% and its Bitwise Bitcoin ETF holdings increased by 156%.

Business intelligence firm MicroStrategy has acquired 51,780 BTC bringing its total holdings to over 331,200 coins. The company has been financing its Bitcoin allocations by debt issuance and is planning to raise $1.75bn by offering senior convertible notes at 0% interest rate. If the entire proceeds are used to buy BTC, it could add another 19,000 to its total holdings.

San Fransisco, USA, November 19th, 2024, Chainwire

The Keanu (KNU) token, a new Solana-based meme coin inspired by cultural icon Keanu Reeves, has officially hit the market via a fair launch on Pump.fun The release comes amid a surge in meme coin market activity, with the Keanu team positioning