Coinedition
Coinbase CEO Brian Armstrong criticizes the DOJ for its investigation on Polymarket. The DOJ probes into Polymarket for allegedly accepting trades from US-based clients. The FBI raided Polymarket CEO’s apartment, seizing his phone and electronic devices.
Binance is to launch the USUAL token on November 19 with pre-market access. Users can farm USUAL tokens via BNB and FDUSD pools starting November 15. Pre-market access is limited to eligible users with a 40,000 USUAL max holding.
SK Masud Alam has been arrested for alleged connection with WazirX exploit. A chargesheet stated that Alam set up a fake account on WazirX. Alam then sold the fake account to M Hasan on Telegram, who carried out the hack.
HashKey Group CEO hopes that China will lift the crypto ban driven by Trump’s pro-crypto stance. The CEO bases his statement on the increasing competition between the US and China. Xiao Feng believes that stablecoins have the potential to revive the Chinese crypto market.
Solana’s recent bullish trend suggests significant potential for future growth. Key resistance at $220 and support at $210 could guide Solana’s next move. November 2024 forecasts suggest Solana could fluctuate between $199 and $225.
The U.S. Federal Reserve could face a critical moment in the next FOMC meeting. Lowering inflation could influence the Fed’s interest rate decision in December. Officials are skeptical about taking a drastic step so soon.
Stablecoin supply rises to $181 billion, with $9 billion minted in the past month. Tether (USDT) minted $7 billion in November, increasing its market dominance to 70.19%. Bitcoin hits a new all-time high of $93,500, with $100K now appearing more attainable.
Jay Clayton foresees potential crypto regulations under Trump’s administration for clearer policies. Crypto markets surged after Trump’s election, with Bitcoin hitting record highs nearing $90,000. Clayton criticizes Biden-era SEC policies and sees evolving executive powers shaping future reforms.
Solana meme coin sensation PNUT hits $1.3 billion market cap in 10 days. Elon Musk sparks meme coin frenzy with latest comments. Meme coin proponents advise caution amid market hype.
