X has lost more than half its value since Elon Musk bought it last year
X has lost more than half its value since Elon Musk bought it last yearMusk originally purchased the company for more than $44 billion in October 2022; today that valuation sits at $19 billion.
Happy Tuesday!The global crypto market cap is $1.27 trillion, with a 24-hour volume of $40.95 billion. The price of Bitcoin is $34,420.34, and BTC market dominance is 52.8%. The price of Ethereum is $1,801.90, and ETH market dominance is 17.0%. The best-performing sector is Yield Farming, which gained 5%. The Crypto Fear & Greed Index is currently Greed (66). Top News
X has lost more than half its value since Elon Musk bought it last yearMusk originally purchased the company for more than $44 billion in October 2022; today that valuation sits at $19 billion. Join us at Newconomics 2023, Nov. 14-15, in LisbonAd: A new event is launching on the fringe of the Web Summit in Lisbon this year, highlighting the future of work on the blockchain. HUMAN Protocol, the decentralized, automated solution to work, is hosting Newconomics so that technologists, business people, and the curious can learn how the blockchain can work in a host of new applications. Non-profit linked to Stellar co-founder Jed McCaleb invests $500M in AI chipsVoltage Park plans to rent access to Nvidia chips starting in February 2024. SBF Trial – Week 5 kicks off with SBF retaking the stand for an intense cross-examinationSBF was hit with intense questioning about his role as the CEO of FTX and the inner workings of the crypto exchange in the weeks leading up to their collapse. Dive into the Halloween Season with a $40,000 USDT Prize Pool!
Ad: Spooky season gets rewarding with Bitget! Join their special Halloween promotion from October 18 to October 31. Whether you're a new user or a regular, you have exciting chances to win. The treats are endless, from raffles to spins and even an extra bonus for our newest members. Don't miss out on their 50% cashback offer and ensure you're part of the chance to share in the $40,000 USDT prize pool! Promotion available for EN users only. T&Cs apply. Latest Insights
More NewsBitcoin miners navigate increasing difficulty for higher rewardsThe increase in Bitcoin mining difficulty and cost amidst price surge hints at healthy profitability for miners. Unibot hacker moves $630,000 of stolen funds through Tornado CashTelegram trading bot Unibot confirmed that it was exploited on Oct. 31. Terra co-founder Daniel Shin blames ecosystem failure on Do Kwon’s managementShin is currently facing trial over his role in the collapse of the Terra ecosystem and its flagship stablecoin. Bankrupt FTX moves $156M worth of assets including Ethereum and SolanaFTX creditor's claim has risen to more than 50 cents on the dollar after Google committed $2 billion to Anthropic. Terraform Labs, Do Kwon file motion to dismiss SEC lawsuitTerraform Labs claims that the SEC has not provided any admissible evidence to back the allegations made in the lawsuit.
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VanEck’s amended Bitcoin ETF filing reveals unique seeding approach as BTC approaches $35K
Monday, October 30, 2023
VanEck amended filing shows that the asset manager wants to seed its proposed ETF with Bitcoin.
Is Bitcoin decoupling from traditional assets?
Sunday, October 29, 2023
In this market report, we explore how Bitcoin's decoupling from traditional financial benchmarks like the S&P 500 and gold could signal a new era of investment diversification.
SBF Trial – Week 4 concludes with SBF telling jury he was blindsided by $8B shortfall
Saturday, October 28, 2023
Almost the entirety of the day was dedicated to SBF's testimony, which gave the courtroom further insights into the inner workings of FTX and Alameda from his perspective.
SBF Trial – Prosecution no longer expects early conclusion after SBF decides to testify
Thursday, October 26, 2023
The prosecution, which previously expected the case to reach a head by Oct. 30, believes the case will now take much longer to conclude due to the complications arising from SBF's testimony.
Bitcoin retracts and rebounds after BlackRock’s new ETF ticker removed from DTCC website
Wednesday, October 25, 2023
Bitcoin's days-long run-up in anticipation of an SEC decision—as well as each sudden contraction—indicates a market on edge.
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Tuesday, November 12, 2024
Spot trading volume on major exchanges rose by 17% month-over-month. The top three exchanges by growth rate were Coinbase (61%), Gate (36%), and Binance (24%). ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Solana’s price surge propels its market cap past $100 billion, outpacing Bitcoin and Ethereum gains
Monday, November 11, 2024
Solana's price rally marks historic market cap achievement and DeFi growth. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Interview with Murad: The key is to find a memecoin with a "diamond hand culture"
Monday, November 11, 2024
In this conversation, Colin, founder of WuBlockchain, explores the unique role and future of memecoins (such as Doge, Pepe, etc.) in the crypto space with the “Memecoin King,” Murad Mahmudov. ͏ ͏ ͏ ͏ ͏
📈 BTC reached a new all-time high above US$81,000 on 11 Nov; Crypto.com unveiled its 2025 roadmap and the Level U…
Monday, November 11, 2024
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Donald Trump Secures Victory As Ripple CEO Demands SEC Chair Be Replaced
Monday, November 11, 2024
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$6.7B TVL surge marks Solana’s growing dominance in DeFi
Sunday, November 10, 2024
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Sunday, November 10, 2024
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