Author: Coin Telegraph

The total crypto market capitalization is up 1.85% over the last 24 hours to rest at $2.77 trillion on Nov. 11. The overall trading volume has also jumped 75% on the day to $235 billion, reinforcing November’s bullish momentum.Bitcoin (BTC), the largest cryptocurrency by market capitalization, has risen 2.8% over the last 24 hours to trade at $81,587, just below the $81,858 all-time high set during the early Asian trading hours on Nov. 11. Related: $80K BTC price chases gold — 5 things to know in Bitcoin this weekEther (ETH), the second-largest crypto, dipped 0.91% to trade at around $3,166 at…

Bitcoin is trading in uncharted territory, potentially approaching the six-figure price tag for the first time in history.The Bitcoin (BTC) price broke above a new high of $82,410 at 10:19 am UTC on Nov. 11, Bitstamp data shows.BTC/USD, 1-month chart. Source: TradingViewHowever, this may only be a pitstop for the Bitcoin price, which is expected to breach the $85,000 high within the next week, according to Ryan Lee, the chief analyst at Bitget Research.Lee told Cointelegraph:“This week, we expect the volatility of BTC and ETH to continue to increase, with potential upward breakthroughs followed by rapid corrections. The predicted range…

The WalletConnect Foundation, in collaboration with Reown, has introduced WalletGuide, a comprehensive resource for navigating crypto wallets, and WalletConnect Certified, a set of user experience (UX) standards designed to promote improved design, quality, and user interfaces within the blockchain wallet ecosystem.Currently, 19 wallets have been awarded the WalletConnect certification, including Binance Web3 Wallet, SafePal Wallet, TokenPocket, Timeless X, Safe Wallet, Zerion Wallet, Crypto.com, DeFi Wallet, Ronin Wallet, Trust Wallet, OKX Wallet, Bitget Wallet, UniswapWallet, Rainbow, Bybit, Kraken Wallet, 1inch Wallet, imToken, Ledger, and MetaMask.In a statement to Cointelegraph, Pedro Gomes, director of the WalletConnect Foundation, explained the methodology behind the…

Alameda Research filed a lawsuit against Aleksandr Ivanov, founder of Waves, as part of its ongoing legal strategy to recover crypto assets.The trading arm of the bankrupt FTX exchange is aiming to recoup at least $90 million of digital assets from Waves, according to a Nov. 11 court filing. In March 2022, Alameda Research deposited $80 million worth of USDt (USDT) and USD Coin (USDC) to the Waves-based decentralized liquidity protocol, Vires.Finance.The court filing alleges that Ivanov artificially inflated the value of Waves (WAVES) tokens. According to the complaint:“Ivanov secretly orchestrated a series of transactions that inflated artificially the value of…

Cryptocurrency analytics platform Nansen is expanding its capabilities beyond Ethereum by moving into Bitcoin through a partnership with the Bitcoin layer-2 (L2) network, Bitlayer. Nansen is debuting Bitcoin (BTC) analytics services by delivering blockchain data analytics to Bitlayer, an L2 network supporting smart contracts and decentralized applications (DApps) on Bitcoin.As the first Bitcoin L2 network to be supported by Nansen, Bitlayer will offer its users access to analytics tools designed to support and accelerate growth in its ecosystem.Nansen’s foray into the BTC layer-2 ecosystemAnnouncing the news to Cointelegraph, Nansen noted that the partnership marks its foray into the Bitcoin L2 ecosystem.By…

DWF Labs has partnered with the University of California, Los Angeles (UCLA) on a new educational initiative focused on tokenized securities.The Web3 investor and crypto market maker will be featured in a case study in the upcoming book, The STO Financial Revolution, the latest blockchain educational initiative spearheaded by UCLA faculty member and author Alex Nascimento.Through these initiatives, DWF aims to advance institutional understanding of tokenization and security token offerings (STOs), according to Andrei Grachev, managing partner of DWF Labs.Grachev wrote in an announcement shared with Cointelegraph: “We are excited to share our experience and help shape the industry’s future by…

The cryptocurrency exchange Binance saw significant price increases for several memecoins listed on its platform in 2024.On Nov. 11, pseudonymous onchain analyst Ai_9684xtpa posted on X that among the 15 memecoins listed by Binance in 2024, 12 saw significant increases in value after going live on the exchange. Memecoins like Moo deng (MOODENG), Dogwifhat (WIF) and Popcat (POPCAT) saw prices appreciate over 200% after their Binance listing, with the Neiro (NEIRO) memecoin pumping by almost 7,600% after going live on the exchange.Memecoins listed on Binance in 2024. Source: AiWhile many of the listed tokens saw price increases, some experienced declines. Mog…

Dogecoin (DOGE), the largest memecoin by market capitalization, has rallied more than 23% in the past 24 hours, emerging as the best crypto market performer amid anticipation surrounding Elon Musk’s support of the memecoin in the Trump administration. Currently trading at $0.2771, DOGE has reached its highest value since Oct. 2021, marking an 86% climb over the last seven days and is up 152% over the last month.DOGE/USD daily chart. Source: TradingViewDOGE now commands a market capitalization of over $41.2 billion at the time of publication, surpassing USDC’s (USDC) $36.9 billion and XRP’s (XRP) $32.7 billion capitalization to become the sixth-largest…

Decentralized finance (DeFi) platform Infinex has announced plans to list the top 500 crypto assets and release an updated version of its platform in early 2025.In an interview at Near’s Redacted conference in Bangkok, Thailand, Infinex founder Kain Warwick told Cointelegraph editor Andrew Fenton about the DeFi platform’s plans to list the top 500 crypto assets and the platform’s version 2 (v2) release. Currently, Infinex supports 100 tokens, including Solana Program Library (SPL) tokens, non-fungible tokens (NFTs) and ERC-20 tokens.Infinex founder Kain Warwick at the Redacted Conference in Bangkok. Source: CointelegraphWarwick said a proposal is in governance that would expand token…

The DeltaPrime protocol has been exploited for $4.8 million worth of digital assets, adding to the growing number of crypto hacks in 2024, which could be set to surpass the value stolen in 2023.DeltaPrime, a decentralized finance (DeFi) liquidity protocol, was exploited for $4.8 million worth of Arbitrum (ARB) and Avalanche (AVAX) tokens.The hack, still under investigation, began when the exploiter contributed liquidity to the protocol, according to onchain intelligence firm PeckShield. In a Nov. 11 post on X, PeckShield said:“DeltaPrime has been exploited for ~$4.8M worth of crypto on both #ARB & #AVAX.  The exploiter has added liquidity (~$1.3M)…