 | GLOBAL CRYPTO MARKET CAP | |  | 24H CRYPTO MARKET VOLUME | |  | BITCOIN'S DOMINANCE | | |
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| All data as of: 8 Nov 2023 10 AM UTC |
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Happy Wednesday! Some exciting stories in the pipeline today, from positive news like the resurgence of NFT trading volume, to Bitcoin's available supply at an historic low as investors scoop up BTC. We'll also explore what Wintermute's accusations against the NEAR Foundation is all about. |
But first, a TLDR of today's stories: |
- Bitcoin-based assets on the Ordinals platform experience a spike in transaction volume.
- NFT trading volume reaches a three-month high, driven by notable purchases and increased interest.
- SK Telecom collaborates with Aptos and Atomrigs Lab to enhance its T wallet.
- Bitcoin's available supply reaches a historic low, indicating an accumulation pattern.
- Wintermute accuses the NEAR Foundation of breaching an agreement to redeem USN stablecoins.
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Also, we'd love your thoughts! Please take a minute, if you haven't already, to fill out a quick survey on our newsletter. Share your feedback to help us improve! |
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Transaction volume for Bitcoin-based assets on the Ordinals platform has surged to its highest level since May, with approximately $14.7 million in assets being traded. Ordinals, a protocol introduced earlier this year, enables the development of NFT-like assets on the Bitcoin blockchain. Find out why traders are rushing back into Ordinals! |
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| This report dives into PancakeSwap after its v3 update — covering ultrasound CAKE tokenomics, multichain expansion, new product launches and future outlook for the decentralized exchange. | |
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On Monday, daily NFT trading volume reached a three-month high, totaling $19.1 million. This boost in trading volume follows a 32% increase in NFT trade volumes in October, with Blur emerging as the dominant platform over Opensea, accounting for 73% of total NFT trading volume.
Read on to find out why this resurgence is caused by a large CryptoPunk sale, and — interestingly — The Simpsons.
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SK Telecom, the largest mobile carrier in South Korea, has partnered with Aptos and Atomrigs Lab to enhance its T wallet web3 wallet service. The collaboration aims to strengthen SK Telecom's connection to mainnets and decentralized applications (dApps), with a focus on T wallet.
This is not the first blockchain partnership for SK Telecom — find out more here!
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And that brings us to our Word of the Day! |
So what is a whitepaper? A cryptocurrency whitepaper is a comprehensive document outlining the technical and economic aspects of a specific cryptocurrency. It is typically written by the cryptocurrency's development team or core members and serves as a guide for potential investors, miners and users. Producing a whitepaper is the key step required for a crypto startup to be considered legitimate and professional, as it helps investors understand how a business is different from rivals in the space.
But how do whitepapers look like? And what Is the Difference Between Whitepapers and Litepapers in Crypto? Read more!
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Now back to our daily stories! |
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Bitcoin's available supply has hit a new all-time low, indicating an accumulation trend and heightened bullish sentiment, according to Glassnode. Long-term holders are increasing their Bitcoin holdings, with smaller entities accounting for 92% of newly produced BTC.
Read on to find out why this spells a positive outlook for the most valuable cryptocurrency.
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| Want to know what the Bitcoin whitepaper is all about? We understand this document can be overwhelming. Our guide breaks down each section in simple terms, making it accessible to everyone. | |
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Wintermute, a cryptocurrency market maker, has accused the NEAR Foundation and Aurora of breaching an agreement to redeem $11 million in USN stablecoins. Wintermute claims that NEAR refused to fulfill their agreement, leaving Wintermute without USDT despite two and a half months passing since the transaction.
What will happen to Wintermute's USN deal? Read more!
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That's all for today. Stay tuned for more crypto insights tomorrow! |
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