Bitcoin Nears $100K | Key Points | Nov. 22, 2024
Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.
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GM. Welcome back to BitPinas Key Points: crypto news in concise formats for easy reading. In today’s daily recap: a selection of top crypto news for the day.
Plus the latest crypto news stories in the last 24 hours.
Table of Contents
Market Analysis and Updates 📈
Here are the crypto highlights of the day:
Crypto Price Update
- Bitcoin (BTC): $99,461.03, up 2.2% over the last 24 hours.
- Ethereum (ETH): $3,385.40, up 8.2% over the last 24 hours.
- Solana (SOL): $260.69, up 7.9% vs the previous day.
Trending Coins Update
- Mode: $0.01711, up 27.1% vs the previous day.
- MAD: $0.00005, up 78.6% over the last 24 hours.
- Bitcoin SV: $68.33, down 11.2% vs the previous day.
For the daily price update, check out our post on Facebook.
ONGOING: YGG PLAY SUMMIT
YGG Play Summit is underway at SM Aura in BGC:
- Nov. 22: Gamer Expo: Members of the wider YGG community and partners will be showcasing web3 games.
- Nov. 23: Gamer Expo continues as well as the showcase for the GAM3 Awards.
To learn more, check out the agenda on the YGG Page.
Crypto News Selection
Bitcoin Nears $100,000
Bitcoin has been on a tear recently, and it’s now closer than ever to the $100,000 mark. This surge is fueled by optimism around potential crypto regulations under a Trump administration.
Cardano Surges
Cardano has seen a significant price increase, driven by positive on-chain metrics and bullish sentiment.
MicroStrategy’s Market Cap
MicroStrategy, a major Bitcoin holder, has broken into the top 100 US public companies by market cap.
Solana’s Recovery
Solana has recently broken its all-time high on Coinbase, marking a significant recovery after the FTX collapse.
US SEC Chair’s Resignation
The resignation of SEC Chair Gary Gensler has sparked speculation about potential changes in crypto regulation.
Philippine Crypto News 🇵🇭
- Coins.ph listed the token $SHORK.
- YGG Onchain Guilds will launch on Base.
- BitPinas article: UBX is set to launch a multi-currency stablecoin exchange.
Noteworthy 🌟
Key updates and announcements from around the crypto and blockchain world:
- Coinbase is delisting Wrapped Bitcoin (wBTC) by December 19, citing listing standards.
- BlackRock’s iShares Bitcoin Trust (IBIT) recorded an unprecedented $1.9 billion in notional exposure on its first day, driving Bitcoin to an all-time high of $93,900.
- Shaquille O’Neal will pay $11 million to settle a lawsuit over promoting Solana-based Astrals NFTs, accused of being unregistered securities.
Educational Corner 🎓
- Not just Hamster Kombat. Check out the November update for the list of 30+ games with potential airdrop.
Regulation Watch 📜
Stay informed about the latest regulatory updates and what they mean for you:
- South Korea plans to implement a 20% cryptocurrency gains tax in 2025 while raising the exemption threshold significantly.
- President-elect Donald Trump is considering Teresa Goody Guillén, a blockchain attorney and former SEC lawyer, to lead the SEC.
- President-elect Trump is also considering Howard Lutnick, CEO of Cantor Fitzgerald and a supporter of crypto, for Secretary of Commerce.
Community Spotlight 🔦
Meet Kookoo CryptoTV: He is widely known in the Philippine web3 and blockchain gaming space.
- He is a content creator and influencer.
- Kookoo Crypto TV shares insights, tips, and tutorials on blockchain games, Play-to-Earn opportunities, and other blockchain-related topics through his YouTube channel and other social media platforms.
- In 2022, his life story was featured by video content creator Nas Daily, who at that time announced their partnership with the Kookoo CryptoTV.
- He also appeared as a guest on the BitPinas Webcast.
- He is also active is speaking in various web3 events.
- In 2023, Kookoo also collaborated with MetaSports and Coins.ph to bridge web2 and web3.
More Web3 and AI News 💡
Discover the latest in web3 and AI innovation.
- Woo X added “George AI,” an AI trader, to its copy trading app, enabling users to emulate machine-driven trades.
- CryptoPunks has seen its value more than double recently, with the cheapest trading at $112,000, bringing its market value to over $1.6 billion.
- Injective launched the iAgent SDK, allowing users to create on-chain AI agents using OpenAI’s ChatGPT and other large language models.
Web3 Gaming Section 🎮
The future of web3 is gaming, and here are the latest news.
- Immutable and Yield Guild Games (YGG) launched a $1 million player rewards initiative to boost engagement in web3 gaming.
- Axie Infinity’s “Wings of Nightmare” event launches today, allowing players to evolve Axies with rare Nightmare parts for rewards.
- Helika and Notcoin launched the Telegram Gaming Accelerator (TGA), offering game developers free tools, mentorship, and access to Telegram’s massive user base.
Event Announcements 📅
Don’t Miss Out: Upcoming events, webinars, and meetups in the crypto space in the Philippines!
Happening today:
- Seraph Playtest Night PH: November 22, 2024
- iThink Code Camp: STI College San Fernando: November 25, 2024
- iThink Code Camp: PHINMA Araullo University: November 28, 2024
- Tech VCs & Ph.ounders: December 3, 2024
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This article is published on BitPinas: Bitcoin Nears $100K | Key Points | Nov. 22, 2024
