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$365 billion inflows crypto market cap in a month, but what’s next?

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A short bull run marked the last 30 days in the cryptocurrency market, with Bitcoin (BTC) leading the way for multiple cryptocurrencies. Greed started dominating investors’ sentiments as most digital assets registered massive capital inflows in a month. Notably, the leading index by TradingView (CRYPTOCAP: TOTAL) surged 35%, adding $365 billion in 30 days. By press time, a $1.024 trillion total crypto market cap quickly became $1.392 trillion from October 12 to November 11. CRYPTOCAP: TOTAL – Total cryptocurrency market capitalization. Source: TradingView The bearish short-term case for cryptocurrencies However, the Relative Strength Index (RSI) is overbought at 88.29 points in the daily chart. This state has lasted since October 22, when RSI crossed 70 points. In the meantime, total capitalization has distanced itself by $155 billion from the 30-day exponential moving average (EMA). Essentially, these indicators suggest crypto currency trading could expect a natural retracemen
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QCP Capital optimistic about spot BTC and ETH ETFs

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The Singapore-based crypto trading firm said a narrative around spot ETH ETFs should fuel market sentiment ahead of a widely anticipated green light for similar products tied to Bitcoin spot prices. QCP Capital published a market update highlighting factors behind bullish movements in crypto’s ecosystem while cautioning investors against risky bets as Bitcoin approached crucial resistance levels.  The company reaffirmed Analysis from its Q4 2023 forecast which pointed to approval for spot Bitcoin ETFs as a driving force behind rallying crypto prices. Additionally, a surge in Bitcoin futures open interest (OI) indicated buoyed demand from institutional players according to QCP.  OI inflows allowed the Chicago Mercantile Exchange (CME) to leapfrog Binance as the top venue for Bitcoin futures. This is the first in two years that CME has managed to overshadow crypto’s leading exchange by trading volume, per crypto.news. While QCP maintained that a spot Bitcoin ETF approval would like
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GTA 6: Rockstar To Launch in-Game Cryptocurrency Called 'RSTAR'?

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Speculations are rife that Rockstar Games could incorporate an in-game cryptocurrency payment mechanism in the upcoming GTA 6 franchise. The gaming studio announced on Wednesday that the first trailer of GTA 6 will be released in early December next month. Rumors are now doing the rounds that the in-game cryptocurrency in GTA 6 could be named RSTAR , which denotes Rockstar. Also Read: GTA 6: Interesting Points About the Use of Crypto In-Game In 1998, Rockstar Games was founded on the idea that video games could come to be as essential to culture as any other form of entertainment, and we hope that we have created games you love in our efforts to be part of that evolution. — Rockstar Games (@RockstarGames) November 8, 2023 GTA 6: The RSTAR Cryptocurrency Source: Twitter The RSTAR cryptocurrency could be added to the player’s account after completing missions from anonymous billionaires. The game will use both cash and cryptocurrencies ushering into a new era in th
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BlackRock Officially Files Spot Ethereum ETF Application

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BlackRock, one of the world’s biggest asset managers, officially filed its Spot Ethereum ETF with Nasdaq today. The company’s plan was revealed in a filing by the U.S. exchange where BlackRock will seek to list the product. JUST IN: $9 trillion asset manager BlackRock officially files for Spot Ethereum ETF with Nasdaq. — Watcher.Guru (@WatcherGuru) November 9, 2023 Early Thursday afternoon, BlackRock registered its iShares Ethereum Trust in Delaware. A Spot Ethereum ETF , like BlackRock’s pending Spot Bitcoin ETF , will need regulatory approval by the SEC. Spot ETF s dramatically broaden access to crypto for average investors, which has been a growing mission amongst asset managers like BlackRock, Grayscale, and others for months. However, the SEC has been avidly battling against it. Bloomberg analyst Eric Balchunas calls the iShares Ethereum trust the “first step towards filing for a spot Ether ETF .” Now, the next step has been taken by BlackRock. Source: Investopedia
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Proof of Stake Alliance updates recommendations for staking providers

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The POSA updated its staking principles to say that providers should communicate clearly and should not control the amount of liquidity a user must provide. The Proof of Stake Alliance (POSA), a non-profit organization that represents firms in the crypto staking industry, published an updated version of its “ staking principles” on Nov. 9. The new principles are supported by Ava Labs, Alluvial, Coinbase, Lido Protocol, Paradigm, and ten other staking industry firms. Previous version of the POSA staking principles. Source: POSA. POSA represents 15 different firms in the staking industry, including Alluvial, Ava Labs, Blockdaemon, Coinbase, Credibly Neutral, Figment, Infstones, Kiln, Lido Protocol, Luganodes, Methodic, Obol, Polychain, Paradigm, and Staking Rewards. The staking principles were first published in 2020. According to the blog post that announced them, the POSA staking principles are meant to be “a set of industry-driven solutions” that provide rs can implement to addr
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90% Chance of Bitcoin ETF Approval by January 10, Analyst Predicts

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Bloomberg analyst forecasts a 90% probability of Bitcoin ETF approval by Jan 10. James Seyffart claimed that the window for all 12 trusts closes on Nov 17, but the SEC can decide on an initial 9. Seyffart also noted delay orders for BlackRock, Bitwise, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie issued simultaneously. Earlier today, Bloomberg analyst James Seyffart claimed that there is a 90% probability of spot Bitcoin ETF approvals by January 10. However, the market can soon enter a period during which a surge of approval orders for all existing applicants might potentially materialize if the approval process accelerates. According to a chart Seyffart tweeted, “window for all 12” including Grayscale Bitcoin Trust, ARK 21Shares Bitcoin ETF, iShares Bitcoin Trust, Bitwise Bitcoin ETP Trust, VanEck Bitcoin Trust, Wisdomtree Bitcoin Trust, Invesco Galaxy Bitcoin ETF, Wise Origin Bitcoin Trust, Valkyrie Bitcoin Fund, Global X Bitcoin Trust, Hashdex Bitco
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Former Cantor leaders launch crypto lending service ahead of potential Bitcoin ETFs

Digital Prime Technologies, founded by former Cantor Fitzgerald executives, has launched a crypto lending platform named Tokenet, aiming to capitalize on the potential U.S. regulatory approval of Bitcoin ETFs. Digital Prime Technologies, a company launched by former Cantor Fitzgerald executives, has entered the crypto lending market with a new platform named Tokenet. The platform is aimed at positioning itself for a boom expected with the potential approval of Bitcoin exchange-traded funds (ETFs) in the United States. Already serving clients such as Xapo Bank, Tokenet allows the lending of digital assets to various players in the market, including EDX Clearing and Hidden Road Partners. The Jersey City-based company emphasizes strong risk management and user communication with features like chat for loan handling, showing its readiness to address current market needs. This move by Digital Prime comes at a critical time. The market experienced a significant void after the downfall
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GTA 6: Rockstar Games Announces Trailer Coming Next Month

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Amid the highly anticipated release of the project, Rockstar Games has announced that the Grand Theft Auto 6 trailer is set to arrive next month. The reveal followed rumors circulating about impending announcements regarding the latest installment of the FTA franchise. The Take-Two Interactive Software studio is set to unveil the GTA 6 trailer in December 2023. Moreover, that aligns with the studio’s 25th anniversary. Additionally, many expect an announcement of an official release date to arrive at some point following the trailer debut. We are very excited to let you know that in early December, we will release the first trailer for the next Grand Theft Auto. We look forward to many more years of sharing these experiences with all of you. Thank you, Sam Houser — Rockstar Games (@RockstarGames) November 8, 2023 Also Read: Grand Theft Auto 6 Leak Says it Could Have Bitcoin-Style Crypto? Grand Theft Auto 6 Trailer to Arrive December 2023 There are few video game franch
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Trust Wallet (TWT) plunges over 10% as Binance unveils new wallet

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Binance’s new self-custodial crypto wallet will be tied to the exchange’s infrastructure, and users won’t be able to export private keys. Cryptocurrency exchange Binance has become the latest company to roll out its non-custodial crypto wallet as its market volume share has weakened in the last three months. In a press release on Nov. 8, Binance said it has developed its solution dubbed “Web3 Wallet” in partnership with the product and engineering team at Trust Wallet. It is worth noting that Binance acquired this cryptocurrency wallet in July 2018. Shortly after the news on the solution broke, Trust Wallet’s native token TWT plunged by more than 10% down to $1.45, according to CoinGecko. TWT price | Source: CoinGecko Although Trust Wallet helped Binance develop the wallet , control over Web3 Wallet’s Features , such as operations and services, will be autonomously controlled by the exchange only. According to the press release, Binance’s wallet incorporates multi-party c
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Study lowers Ethereum price expectation for next 7 years

Cryptocurrency experts have lowered their predictions for Ethereum (ETH), over the next few years , according to a new survey from Finder. The survey asked 31 industry specialists for their ether price forecasts for the end of 2023, 2025 and 2030. The average predictions were down compared to a previous Finder survey conducted in July 2022. The panel predicted Ether will be worth $1,840 on average by the end of 2023, down from a prediction of $2,451 in July. The 2025 forecast fell to $5,824 from $5,845 previously, and the 2030 prediction declined to $14,411 versus $16,414 in the earlier survey. Finder calculates the average forecasts by removing the top and bottom 10% of responses and taking the mean of the rest, a technique known as the truncated mean. This is designed to eliminate outliers and arrive at a more consistent consensus. You might also like: Investor optimism fuels meme coins growth: predictions and market analysis While still bullish long term, some panelis
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Bitcoin Jesus Is Suing Matrixport’s Smart Vega Over $8M Frozen Funds

Crypto angel investor Roger Ver has sued Smart Vega, a subsidiary of Matrixport.   Ver’s lawsuit alleges Matrixport’s Jihan Wu froze the withdrawal of $8 million of his funds.   The case is an episode in the CoinFlex collapse saga, which Ver is alleged to have caused. Crypto angel investor and “Bitcoin Jesus” Roger Ver is locked in a legal battle with crypto financial services firm Matrixport over the freezing of funds amounting to $8 million. Ver’s lawsuit has charged Smart Vega, a Matrixport subsidiary, with freezing his funds. The suit alleges that Jihan Wu, co-founder of Matrixport, is behind the freeze. “Bitcoin Jesus” Roger Ver last year sued a subsidiary of Matrixport, founded by Jihan Wu, for $8 million, according to TheBlock. He claimed that the Matrixport froze his funds because he was told that he held responsible for CoinFLEX’s losses. https://t.co/JDMSMNT5oK — Wu Blockchain (@WuBlockchain) November 6, 2023 Ver said Wu blocked his attempts t
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Hong Kong Regulator Says It’s Considering Allowing Spot Crypto ETFs: Bloomberg

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Hong Kong’s securities regulator is considering allowing investors to buy spot crypto ETFs (exchange-traded funds) as officials ramp up their efforts to create an Asia-Pacific digital asset hub, Bloomberg News reported. “We welcome proposals using innovative technology that boosts efficiency and customer experience,” said Securities and Futures Exchange (SFC) CEO  Julia Leung in an interview with Bloomberg. “We’re happy to give it a try as long as new risks are addressed. Our approach is consistent regardless of the asset.” Hong Kong Regulators Relax Spot Crypto ETF Rules The SFC tightened its regulation around digital assets in January this year and restricted retail investors from accessing spot cryptocurrency ETFs . Only professional investors with portfolios worth at least HK$8 million (about $1) were able to access these spot cryptocurrency ETF products. These restrictions were then revised in October to allow a wider range of investors to take part in spot cryptocurrency ET
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Hong Kong’s SFC Explores Retail Access to Spot Crypto ETFs

Hong Kong explores allowing retail investors to participate in spot crypto ETFs. CEO of Hong Kong’s SFC, Julia Leung, embraces innovative technology with a focus on risk management. Rising interest in crypto ETFs highlights a surge in demand for investments in cryptos like BTC and ETH. While the United States grapples with regulatory hurdles in approving crypto exchange-traded funds (ETFs), Hong Kong is swiftly moving forward, offering increased accessibility for investors. The city’s securities regulators are now exploring the prospect of allowing retail investors to participate in spot crypto ETFs, marking a significant stride toward becoming a digital assets hub in the Asia-Pacific region. In a recent interview reported on Bloomberg, Julia Leung, the CEO of Hong Kong’s Securities and Futures Commission (SFC), expressed the regulator’s openness to innovative technology that enhances efficiency and customer experience. “We’re happy to give it a try as long a
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The Top 10 high-profile crypto fraud cases 

As regulatory scrutiny intensifies, crypto industry executives are increasingly finding themselves entangled in legal battles. The recent case involving prominent crypto entrepreneur Sam Bankman-Fried (SBF) has further highlighted the challenges faced by individuals at the forefront of the digital asset revolution. Let’s take a deep dive into the top 10 high-profile crypto fraud cases so far. Do Kwon and the collapse of Terra In March 2023, Do Kwon, the co-founder of Terraform Labs, a Singapore-based blockchain platform, was arrested in Montenegro. Kwon, a South Korean national, was charged with fraud in the United States and indicted on eight charges, including securities fraud, wire fraud, commodities fraud, and conspiracy.  He had been a fugitive for several months, and South Korean authorities issued an arrest warrant for him in September 2022. Kwon was detained by Montenegro police at Podgorica airport while trying to board a flight to Dubai with another South Korean citizen.
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Peter Schiff: CNBC Shares Blame for Promoting SBF and FTX Scam

Peter Schiff accused CNBC of biased coverage and using Sam Bankman-Fried’s conviction to pump Bitcoin’s price. Schiff criticized CNBC for elevating Bankman-Fried without scrutiny. Schiff claimed CNBC was partially to blame for the losses FTX’s investors suffered. Chief Economist and Global Strategist of Euro Pacific Capital Peter Schiff accused CNBC of biased coverage that helped enable Sam Bankman-Fried’s FTX scam. He argued that the network shares responsibility for investor losses. It's shameful how @CNBC used the #SBF conviction to further pump #Bitcoin. CNBC lifted SBF up on a pedestal and bought into his scam hook, line, and sinker. In fact, CNBC shares blame for losses suffered by investors who opened accounts with #FTX based on their biased coverage. — Peter Schiff (@PeterSchiff) November 3, 2023 Schiff slammed CNBC for putting SBF “on a pedestal” and failing to scrutinize FTX’s operations. In his post, Schiff said that CNBC bought into his
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Cathie Wood: “Bitcoin is the only asset to store for the next 10 years”

Cathie Wood of ARK Investment Management champions Bitcoin over gold and cash as a long-term hedge against deflation, in light of technological advancements. In a recent podcast with Bloomberg’s Merryn Somerset Webb, CEO of ARK Investment Management Cathie Wood shared her conviction in Bitcoin as the prime asset for potential deflation hedge over the next decade. Wood’s stance comes amidst a market climate heavily leaning towards the risks of heightened inflation, yet her bet on deflation is unwavering, citing transformative technologies like artificial intelligence, electric vehicles, robotics, genomic sequencing and blockchain as the driving forces behind her prediction. JUST IN: Cathie Wood says she would choose #Bitcoin over gold "hands down". "Bitcoin is digital gold. It is a hedge against inflation AND deflation." pic.twitter.com/pnWjXmvuh1 — Bitcoin Archive (@BTC_Archive) November 3, 2023 Addressing the choice between Bitcoin (BTC), gold and cash as a
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OpenSea Pro Launches Cross-Chain Trading On Polygon & Ethereum

OpenSea Pro announced that the platform is now live on Polygon.  The platform has activated cross-chain trading on both Ethereum and Polygon via Socket. OpenSea Pro recently enabled private sales on the platform without any fees. On November 2, OpenSea Pro announced that it is live on Polygon. The NFT aggregator enabled cross-chain asset trading on both the Ethereum and Polygon networks through the integration of Socket, a cross-chain interoperability protocol. 1/ OpenSea Pro is now live on @0xPolygon! 🟣 Wen Multichain? Now. OpenSea Pro just became the go-to destination to buy, sell, and list NFTs across marketplaces AND blockchains! Find your favorite collections on Ethereum and Polygon  https://t.co/oYtdhiw69x pic.twitter.com/OYPbwNf7EJ — OpenSea Pro (@openseapro) November 2, 2023 In a thread on X, OpenSea Pro announced that seamless cross-chain navigation is now possible through a customization modal. It added that the Socket integration powers a ne
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Ripple’s top lawyer scrutinizes SEC’s courtroom defeats during Gensler tenure

The SEC faces a series of legal challenges, including a recent rebuke from the Fifth Circuit Court, highlighting scrutiny over its regulatory decisions and potential implications for the cryptocurrency market. Recent legal proceedings have prompted commentary from Ripple’s Chief Legal Officer, Stuart Alderoty, regarding the United States Securities and Exchange Commission’s (SEC) actions under the leadership of Chair Gary Gensler. Alderoty has pointed to a “deeply concerning trend” of decisions by the SEC that he considers to be arbitrary and lacking a solid legal foundation. Another day and another Court finds that the SEC again acted arbitrarily and capriciously. Is anyone else concerned about this very troubling pattern of the SEC flouting any faithful allegiance to law under Mr. Gensler? https://t.co/5bUgSBUOI8 — Stuart Alderoty (@s_alderoty) November 1, 2023 The commentary follows a decision by the Fifth Circuit Court of Appeals, which on Oct. 31, criticized the SEC’s rule
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Analysts bullish on Shiba Inu; investors diversify with Everlodge and Polygon for higher ROI

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Crypto analyst Ali Martinez recently picked bullish signals for Shiba Inu (SHIB) and expects growth, translating to a higher return on investment (ROI) for investors . Polygon (MATIC) is also solid and could rally in the days ahead. Meanwhile, Everlodge (ELDG) is in stage 6 of its presale as the project aims to disrupt the real estate industry.  Summary Shiba Inu may reach $0.00001078 by the end of 2023 Polygon could spike to $0.87 by Q4 2023 Everlodge analysts maintain a bullish outlook Crypto analyst bullish on Shiba Inu Crypto analyst Ali Martinez is bullish on SHIB. Using the TD Sequential technical indicator, he shared his preview on X, suggesting that the token may soon rally.  According to Martinez, this bullish signal has historically been accurate, and investors should watch SHIB.  You might also like: Shibarium sees surge in daily transactions as SHIB gains 15% in a week On-chart data shows that SHIB volume is down by 18.63%, potentially suggesting tha
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Lazarus used ‘KANDYKORN’ malware in attempt to compromise exchange —Elastic

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Lazarus members posed as engineers and fooled exchange employees into downloading difficult-to-detect malware. Lazarus Group used a new form of malware in an attempt to compromise a crypto exchange , according to an October 31 report from Elastic Security Labs. Elastic has named the new malware “KANDYKORN” and the loader program that loads it into memory “SUGARLOAD,” as the loader file has a novel “.sld” extension in its name. Elastic did not name the exchange that was targeted. Crypto exchanges have suffered a rash of private-key hacks in 2023, most of which have been traced to the North Korean cybercrime enterprise, Lazarus Group. KANDYKORN infection process. Source: Elastic Security Labs. According to Elastic, the attack began when Lazarus members posed as blockchain engineers and targeted engineers from the unnamed crypto exchange. The attackers made contact on Discord, claiming they had designed a profitable arbitrage bot that could profit from discrepancies between prices
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