Daily Crypto Market Update

Bruce

Welcome to today's crypto market update. We bring you the latest insights and developments from the world of cryptocurrency. Let's dive into today's top stories.

Bruce

As of November 29, 2024, the total cryptocurrency market capitalization stands at $3.56 trillion, marking a 0.775% increase from the previous day, with a daily trading volume reaching $227.69 billion, up 8.25%. This growth reflects a robust interest in the crypto space.

Cassie

Focusing on Bitcoin, the price has climbed to $97,429, a 1.87% increase. Bitcoin now holds a market value of $1.93 trillion, representing 54.2% of the total cryptocurrency market. Its trading volume in the last 24 hours was $63.74 billion, accounting for 28% of total trades.

Cassie

Ethereum is also experiencing growth, currently priced at $3,591.90, up 0.367%. With a market capitalization of $432.61 billion, it constitutes 12.2% of the market. The trading volume for Ethereum was $29.42 billion in the last day, making up 12.9% of total market activity.

Bruce

In other news, Ethena and Securitize are promoting their new stablecoin, USDtb, as part of a $1 billion tokenization competition on the Spark platform. This initiative aims to increase liquidity and enhance asset management within the Sky ecosystem.

Cassie

However, not all news is positive. The memecoin platform Pump.fun has seen a significant drop in revenue, plummeting by 33% after pausing its live streaming feature, with income now at $3.6 million.

Cassie

Meanwhile, in Japan, the Financial Services Agency has issued warnings to five unregistered overseas cryptocurrency exchanges, including KuCoin and Bybit, cautioning them against offering services to Japanese users without proper authorization.

Bruce

In financing news, the stablecoin project USDX.money has successfully raised $45 million, with a valuation of $275 million. This funding aims to build a multi-asset supported stablecoin infrastructure.

Cassie

Looking ahead, Parity Technologies has announced that Polkadot 2.0 will launch in the first quarter of 2025, promising enhanced scalability features currently being tested on the Kusama network.

Cassie

In legal news, a U.S. appeals court has dismissed Craig Wright's appeal against the Crypto Open Patent Alliance, marking a significant setback for Wright in his ongoing copyright litigation.

Cassie

Finally, XRP has surpassed a market capitalization of $100 billion, showcasing its strong performance in the crypto market.

Bruce

That's all for today's crypto market update. Thank you for joining us for the latest insights and developments. Stay tuned for more updates and visit mlion.ai for additional information.