Bitcoin in Unchartered Territory | Weekly News Recap
GM. Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading. It’s time for the weekly news recap. In today’s news feature: SEND IT TO THE MOON.
Here are the top crypto news stories of the past week!
Table of Contents
Market Updates 📈
Here are the crypto highlights of the week:
- Bitcoin is up 17% vs the previous seven days, now at $80,610.42.
- The weekly top gainer in the top 100 coins is Dogecoin ($0.29), up 92%
- The weekly top loser in the top 100 is USDC ($1.00), down 0.1%! 🙂
- Noteworthy: ADA ($0.595) is up 78.2% vs the past week.
Announcement: BitPinas in Bangkok
Sawasdee ka! BitPInas staff is in Bangkok Thailand to cover Devcon, one of the flagship conferences of Ethereum as well as the numerous blockchain conferences and side events around it.
Check out this article: Year Enders: Must-Attend Crypto, AI Events this November 2024
See you!
Feature Story: Bitcoin in Unchartered Territory
Bitcoin (BTC) surged past the $80,000 milestone over the weekend, marking a historic peak and continuing a strong upward trajectory that has captured the attention of global investors.
- The milestone comes after BTC steadily climbed from the mid-$70,000s, driven by heightened retail and institutional interest.
The numbers:
- Glassnode’s on-chain data shows increased spot trading volumes and a decline in exchange reserves, suggesting significant buying pressure.
- “This move was fueled by sheer spot demand,” noted analyst James Check. “We’re seeing fewer liquidations compared to previous runs, which indicates a more organic rally.”
What’s next: As Bitcoin enters uncharted territory, traders and analysts are cautious yet hopeful. The focus now shifts to whether BTC can maintain momentum or if profit-taking will temper gains.
Check out a longer version of this article here.
Local Crypto News 🇵🇭
- YGG shared the one-week event schedule of the YGG Play Summit.
- Coins.ph announced that it is now part of the Circle Alliance.
- Coins.ph listed $BLD.
- BlockchainSpace’s Yey is now on web3 review platform for projects and communities GATH3R.
- ICP Hub PH announced its Pitch and Innovate: #Web3 Solutions on ICP, an official iThink Hackathon as part of Philippine Startup Week 2024.
Noteworthy 🌟
Key updates and announcements from around the crypto and blockchain world:
- Hackers exploited Metawin’s Ethereum and Solana wallets, stealing $4 million, but the casino has restored funds and notified authorities.
- Crypto losses reached $129.6 million in October due to hacks and exit scams.
- OpenSea CEO Devin Finzer announced that a new platform, built “from the ground up,” will launch next month.
- Rooch Network CEO Haichao Zhu was robbed at knifepoint in Bangkok ahead of Devcon.
Educational Corner 🎓
This week, BitPinas shared multiple trading and gaming guides:
- The US SEC issued a wells notice to web3 gaming firm Immutable.
- Pakistan is proposing amendments to the SBP Act to legalize cryptocurrency.
- Bappebti‘s new regulations allow institutional investors to enter Indonesia’s crypto market.
- Japan’s Financial Services Agency (FSA) is strengthening crypto laws to prevent domestic assets from being moved abroad during a financial crisis.
Regulation Watch 📜
Stay informed about the latest regulatory updates from here and around the world and what they mean for you:
- Donald Trump elected US President.
- The US SEC issued a wells notice to web3 gaming firm Immutable.
- Pakistan is proposing amendments to the SBP Act to legalize cryptocurrency.
- Bappebti‘s new regulations allow institutional investors to enter Indonesia’s crypto market.
- Japan’s Financial Services Agency (FSA) is strengthening crypto laws to prevent domestic assets from being moved abroad during a financial crisis.
Community Spotlight 🔦
The following people were feature in last week’s community spotlights:
- Paul Soliman, CEO, Bayanichain. (November 5)
- Gilbert Lazaro, content creator, Tito Vlogs. (November 6)
- James Pebenito, Celo Philippines. (November 8)
More Web3 and AI News 💡
Discover the latest in web3 and AI innovation.
- SafePal launched a Mini Wallet App on Telegram, enabling users to create compliant Swiss bank accounts and access a digital Visa card for crypto transactions.
- Curve Finance and TON are partnering to advance DeFi on the TON blockchain in 2025.
- Ozean and HELIX partner to bridge institutional private credit with DeFi, using blockchain to bring real-world asset yields to decentralized finance.
- SatoshiDEX is launching its SATX token to enhance Bitcoin trading with decentralized finance features.
Web3 Gaming Section 🎮
The future of web3 is gaming, and here are the latest news.
- Tomarket has reinstated airdrop eligibility for many players initially banned for alleged cheating.
- Crystalfall, a steampunk RPG from Crypto Rogue Games, will have its open beta on December 13th on Epic Game Store.
- Delabs Games is shifting to Telegram as its main platform.
- NXI launched “Billionaire’s Path,” a wealth-building game on Telegram, alongside a $500,000 airdrop campaign.
Upcoming Event 📅
Happening today:
- PH Startup Week: November 11. 2024
Upcoming events:
- Manila Bootcamp | Hackers League Hackathon: November 15, 2024
- YGG Play Summit: November 19-23, 2024
- Base Manila Meetup: November 20, 2024
- Aptos After Dark: November 20, 2024
Stay Connected:
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This article is published on BitPinas: Bitcoin in Unchartered Territory | Weekly News Recap
