Bitcoin ETF race has a new player, Binance ends support for BUSD, and more: Hodler’s Digest: Nov. 26 – Dec. 2
Bitcoin ETF race has a new entrant, Binance is ending support for the BUSD stablecoin, and ChatGPT’s first year in review.
Top Stories This Week
Bitcoin ETF race gets 13th entrant, BlackRock revises ETF model
Asset manager Pando Asset ) is at $38,673, Ether (ETH) at $2,084 and XRP at $0.61. The total market cap is at $1.45 trillion, according to CoinMarketCap.
Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are TerraClassicUSD (USTC) at 294.40%, Terra Classic (LUNC) at 85.78% and IOTA (IOTA) at 31.53%.
The top three altcoin losers of the week are Blur (BLUR) at 21.87%, dYdX (ethDYDX) at 13.90% and Gas (GAS) at 10.06%.
For more info on crypto prices, make sure to read Cointelegraphs market analysis.
Most Memorable Quotations
I think [Binances settlement with the SEC is] a net positive for their company. I think its a net positive for our industry.
Mike Novogratz, CEO of Galaxy Digital
Obviously, the treatment of CZ and Binance is absurd and only highlights the arbitrary nature of punishment at the hands of the state.
Arthur Hayes, entrepreneur and former CEO of BitMEX
Let us not forget that innovation versus regulation is a false dichotomy that has for years been peddled by tech companies to evade meaningful accountability and binding regulation.
Agnes Callamard, secretary-general of Amnesty International
AI is […] a new type of mind that is rapidly gaining in intelligence, and it stands a serious chance of overtaking humans mental faculties and becoming the new apex species on the planet.
Vitalik Buterin, co-founder of Ethereum
Dont be a loser. Get out of FAKE money system. Get into gold, silver, Bitcoin now. Before its too late.
Robert Kiyosaki, author and entrepreneur
[Blast] crossed lines in both messaging and execution.
Dan Robinson, head of research at Paradigm
Prediction of the week
Bitcoin ETF will drive 165% BTC price gain in 2024 Standard Chartered
Bitcoin is in line to trade at six figures by the end of 2024, the latest forecast from Standard Chartered concludes. Thanks to the United States potentially approving Bitcoin spot price ETFs, BTC/USD has the ability to almost treble from its current $37,700 over the coming 12 months.
We now expect more price upside to materialize before the halving than we previously did, specifically via the earlier-than-expected introduction of US spot ETFs, Geoff Kendrick, Standard Chartereds head of EM FX research, west and crypto research wrote. This suggests a risk that the USD 100,000 level could be reached before end-2024.
The figure continues the consumer banking giants already optimistic vision of how Bitcoin will grow in the coming years. In July, research eyed the declining availability of the BTC supply as a reason to believe that much higher prices were in store.
FUD of the Week
Crypto thieves steal $363M in Nov, the most damaging month this year
The cryptocurrency industry has now seen its most damaging month for crypto thievery, scams and exploits in 2023, with crypto criminals walking away with $363 million in November, according to blockchain security firm CertiK. Around $316.4 million came from exploits alone, flash loans inflicted $45.5 million in damage, and $1.1 million was lost to various exit scams.
Bankless controversy forces founders to burn tokens and separate from DAO
Amid the ongoing controversy around cryptocurrency media firm Bankless and the associated decentralized autonomous organization, BanklessDAO, the founders of Bankless have suggested separating the brand from the DAO. Bankless co-founders David Hoffman and Ryan Sean Adams plan to submit a governance proposal to BanklessDAO to separate the two entities. Hoffman and Adams decision to separate Bankless from BanklessDAO came in response to community criticism of BanklessDAOs application for a grant from Arbitrum.
KyberSwap hacker demands complete control over Kyber company
The hacker behind the $46-million KyberSwap exploit has finally released their conditions for the return of the stolen funds, which include complete executive control over the Kyber Network company. On Nov. 30, the KyberSwap hacker sent an on-chain message addressing all relevant and interested parties. The hacker laid out demands, including control over the company, temporary full authority and ownership of its governance mechanism, the KyberDAO, all documents related to the company, and all of the Kyber Network companys assets.
Top Magazine Pieces of the Week
Outrage that ChatGPT wont say slurs, Q* breaks encryption, 99% fake web: AI Eye
A blizzard of AI bullsh*t is taking over the web from the torrent of human outrage that currently lives there.
Real AI use cases in crypto, No. 3: Smart contract audits & cybersecurity
Experts believe AI will become an invaluable tool for smart contract auditing and cybersecurity but its not there yet.
Pudgy Penguins CEO says praise he gets is actually pretty sad: NFT Creator
You can’t really be an angry, miserable person and then go click buy on a Pudgy Penguin.
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Author: Ana Paula Pereira
