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Share link:In this post: One Bitcoin is now more valuable than 1kg of gold as BTC breaches $89k. Analysts believe Bitcoin is just getting started and is still due for more value rallies. The Bitcoin industrial complex recorded $38 billion in daily trading volume, with BTC ETFs and MSTR and COIN stocks attracting record market interest.
Quick Take BlackRock’s BUIDL fund, tokenized by Securitize, is expanding from Ethereum to the Aptos, Arbitrum, Avalanche, Optimism and Polygon blockchains. BUIDL currently leads the tokenized government securities niche with $517 million in assets under management — equivalent to a market share of roughly 22%.
Quick Take Pepe surged in price following Robinhood’s announcement that it has listed the memecoin for spot trading, and an update from Coinbase revealing it will also list the token later today. The memecoin has surged by over 30% in the past hour, and over 40% in the past 24 hours.
Quick Take Bitcoin and crypto industry advocate Pete Hegseth has been nominated for Secretary of Defense by President-elect Donald Trump. Hegseth recently said Trump is “making bitcoin great again” amid the more crypto-friendly regulatory environment anticipated under his administration.
Quick Take President-elect Donald Trump appointed Tesla CEO Elon Musk and Strive Enterprises co-founder Vivek Ramaswamy to lead his new Department of Government Efficiency (DOGE). In a note to clients late Tuesday, Bitwise CIO Matt Hougan made the case for a $500,000 bitcoin price before the cryptocurrency’s early stage comes to an end and the asset “matures.” Zero Gravity Labs (0G Labs or 0GL), a crypto-AI startup developing infrastructure for a decentralized AI operating system, has secured $290 million
- 12:53Internet celebrity Logan Paul promotes cryptocurrency for profit without disclosing financial interests, may face chargesOn November 20, a BBC investigation revealed that internet celebrity Logan Paul was accused of profiting from promoting cryptocurrency without disclosing his financial interests. The BBC found evidence linking Paul to an anonymous crypto wallet through transactions related to Paul's public wallet. It is alleged that this anonymous wallet purchased these tokens before Paul promoted them to his 23 million YouTube followers and sold them for profit after the price soared. In January, LoganPaul promised refunds to users of the suspected fraudulent NFT project CryptoZoo on condition they drop their lawsuits against him. (Cointelegraph)
- 12:52BlackRock's IBIT Bitcoin holdings market value breaks through 44 billion US dollars, continuing to reach new highsOn November 20, official data updates from BlackRock showed that as of November 19, its Bitcoin exchange-traded fund IBIT's Bitcoin holdings reached 474,627 BTC. The market value of the holdings rose to $44,205,476,379 USD, setting a new record high.
- 12:52A certain ETH staking whale transferred 7,864 ETH into CEX 40 minutes agoOn November 20, a certain ETH staking whale transferred 7,864 ETH into CEX 40 minutes ago.
