Day: November 7, 2024

Iranian Rial Plummets to Record Low Following Donald Trump’s Presidential Victory

Iran’s currency, the rial, plummeted to an all-time low on Wednesday, trading at 703,000 rials to the dollar, following Donald Trump’s victory in the U.S. presidential election. This significant decline, which later slightly recovered, signals new economic challenges for Tehran amid ongoing regional conflicts. The rial’s depreciation reflects the ongoing struggles of Iran’s economy, exacerbated […] Source CryptoX Portal

Multipli Triumphs at BNB Incubation Alliance During Binance Blockchain Week

Alvin Lang Nov 07, 2024 12:17 Multipli, a ZK-based yield protocol, wins the BNB Incubation Alliance at Binance Blockchain Week Dubai, securing a spot in the MVB program and access to BNB Chain’s LaaS package. During the recent Binance Blockchain Week held in Dubai, the BNB Incubation Alliance announced its latest winner, Multipli, a ZK-based multi-chain yield protocol. This accolade is part of BNB Chain’s strategy to foster innovative blockchain projects and engage the next billion Web3 users, according to BNB Chain.…

Bitcoin, political meme coins explode as Trump wins election race

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Trump’s election win and Bitcoin’s all-time high spark a surge in political meme coins like Pepe Trump and FreeDum Fighters, creating new trading opportunities. A Trump victory has been confirmed in the U.S. election, with Bitcoin hitting a new all-time high. Traders are now cashing in by betting on political-themed meme coins. The sector has experienced a rally today, reaching a total valuation of $571 million. Trump confirmed as…

What The Crypto Market Can Expect

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Este artículo también está disponible en español. As the Federal Open Market Committee (FOMC) meets today, the crypto market’s focus is on the Federal Reserve’s forthcoming announcements. Scheduled for 2:00 PM ET are both the Fed Interest Rate Decision and the FOMC Statement, with Fed Chair Jerome Powell’s press conference following at 2:30 PM ET. These events are poised to have significant implications for cryptocurrencies and broader financial markets. What The Crypto Market Can Expect Market participants overwhelmingly anticipate a rate cut. According to the CME FedWatch Tool, 97.5% expect…

Securities and Exchange Commission (SEC) Seeks to Dismiss Three of Crypto Exchange Kraken’s Defenses in U.S. Lawsuit

The SEC sued Kraken in November 2023 for operating a platform as an unregistered securities exchange, broker, dealer and clearing agency. The SEC said it believes that since at least September 2018, Kraken had made hundreds of millions of dollars unlawfully by facilitating the buying and selling of crypto asset securities. Kraken filed for the case to be dismissed, a motion that was rejected in August. Source

Pepe up 15% but this meme coin might see bigger gains

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin hits new highs and Trump’s win fuels crypto, Pepe coin soars—yet new rival Pepe Unchained raises $25m, hinting at even bigger gains. The crypto market is thriving as Bitcoin tops its all-time high (ATH) by hitting $75k and Donald Trump secures a landslide victory in the presidential election.  Pepe coin has emerged as one of the biggest winners with a 15.9% rise in the past 24 hours…

Binance Coin Breaks $600! Is There More Upside Ahead For BNB?

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Este artículo también está disponible en español. In the past 24 hours, the price of Binance Coin (BNB) increased by 5%, which is indicative of a consistent upward motion. BNB, which just broke the vaunted $600 barrier, is attracting the market’s focus due to indications of bullish momentum. Related Reading BNB breaks the $600 level today. Source: Coingecko However, the data at CoinCheckup suggests that BNB is trading about 20% below its expected price for the next month. This undervaluation might thus be a sign of potential for near-term profits…

Bitcoin (BTC) Registers Fourth-Best Day of 2024 as BlackRock’s IBIT ETF Posts Record Volume

To provide some historical context, ETF trade volume reached a $9.9 billion peak during the March bull run, according to data from checkonchain. Total trade volume on Nov. 6 reached approximately $76 billion, comprising futures volume of $62 billion, spot volume of $8 billion and ETF trade volume of $6 billion, so ETF trade volume is still a small percentage of the total. Source