ETH is now worth more than the market cap of the world’s largest bank
Ethereum’s record-breaking rally saw it reach above $4,600 for the first time in its history, with a market cap approaching $550 billion. This puts it above JPMorgan Chase, the world’s largest bank by market cap.
Binance spends $115M in France to develop European crypto ecosystem
Binance CEO Changpeng Zhao announced the launch of the new initiative, officially named Objective Moon, during a conference in France. According to the announcement, Binance will spend $115M and cooperate with the local financial technology association France FinTech to implement this project.
KuCoin launches virtual office in the Bloktopia metaverse
In a Tuesday announcement, KuCoin said it would be joining the metaverse by launching an office inside Bloktopia’s platform. According to the exchange, the meta office will allow users to decorate cyberpunks, interact with virtual furnishings, as well as chat and speak to each other in the virtual environment.
SKALE announced new partnership with NFTrade
SKALE announced that NFTrade will be the First Fully Integrated NFT Marketplace for SKALE Based NFTs. Through this partnership, users and developers will be able to easily create, buy, sell, p2p swap, and farm NFTs throughout the network.
Whales are purchasing Bitcoin “massively”, pushing BTC accumulation to a large of 2021
According to an industry intelligence report from blockchain analytics company Chainalysis, huge traders, with at least 1,000 BTC, briefly accumulated 142,000 BTC final week, bringing the cumulative complete to practically 200,000 BTC, this is the peak in 2021.
Solana secondary NFT sales reach half a billion in 3 months
According to data from CryptoSlam, secondary sales of Solana NFTs have generated a total of roughly $497.7 million from around 348,000 transactions as of Nov. 2, with the average sale per NFT tallying in at $1,500.
Commonwealth Bank enables crypto trading for 6.5M Aussies
According to a Nov. 3 announcement, the CBA has partnered with the Gemini crypto exchange and blockchain analysis firm Chainalysis to launch its crypto services. The CBA stated that it will support 10 crypto assets in its banking app, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
Cardano prepares to scale with Hydra upgrade as network reaches 2M wallets
On November 2, the Cardano Foundation announced that the number of Cardano (ADA) wallets has surpassed 2 million. The team is developing Hydra, Cardano’s Layer 2 Scalability Solution in order to enhance the scalability of the blockchain. The project is still undergoing research and development, with no exact launch date.
SKALE announced their latest partnership with Curate
SKALE announced their latest partnership with Curate, the world’s 1st gasless NFT Marketplace app.
Capital is being poured into BTC, ETH, SOL, DOT and ADA
$BTC saw roughly $268,000,000 in new inflows, compared to $1,450,000,000 the week before.
$ETH broke the streak with $16,600,000 in inflows.
$SOL is also on the rise, recording more than $14,700,000 in inflows compared to $8,000,000 last week.
$DOT burst onto the scene, recording $6,200,000 in inflows compared to $400,000 the week before.
$ADA remained steady at $5,000,000 compared to a previous total of $5,300,000.