According to Cointelegraph, Galaxy Digital's research division projects that Bitcoin layer-2 (L2) networks could see approximately $47 billion in Bitcoin liquidity by 2030. This estimation comes as part of a broader analysis of the Bitcoin L2 ecosystem's growth, which has seen a significant increase in projects and venture capital investments. In its latest report, Galaxy Research highlighted the expansion of Bitcoin L2 ecosystems in 2024, noting a sevenfold increase in projects and around $447 million in venture capital investments to date. The report emphasized that venture funding in Bitcoin L2s has already reached $447 million, with 39% of these investments occurring in the first three quarters of 2024. Between January and September 2024, Bitcoin L2s secured $174 million in funding, with $105 million allocated to sidechains and $63 million to rollups. The second quarter of 2024 marked a pivotal shift, with Bitcoin L2s capturing 44% of all venture capital invested in layer-2s across the crypto industry. This period also saw a 159% increase in investments compared to the first quarter of 2024. Galaxy Research noted that traditional crypto venture capitalists, excluding Bitcoin-focused funds, had minimal exposure to the Bitcoin ecosystem before 2024. Previously, many firms viewed Bitcoin primarily as "digital gold," but the emergence of Bitcoin Ordinals and BRC-20 tokens in 2023 introduced new investment opportunities. Galaxy Digital anticipates that crypto venture capitalists will continue to invest in Bitcoin L2s as the ecosystem matures. The report suggests that as the Bitcoin L2 ecosystem develops, approximately $47 billion in Bitcoin could flow into the L2 ecosystem by 2030. This influx is expected as Bitcoin holders seek yield opportunities for their assets. Galaxy's report further elaborates that if Bitcoin reaches $100,000 by 2030, the total addressable market for Bitcoin L2s could reach up to $47 billion, assuming 2.3% of the total Bitcoin supply is locked in Bitcoin L2s by that time. Despite the rapid expansion of the ecosystem, Galaxy researchers predict that only a few players, between three and five, will dominate the market among the 75 builders currently involved in the space. This projection underscores the competitive nature of the Bitcoin L2 landscape as it continues to evolve and attract significant investment.

According to the official announcement, Bitget announced that it has launched the U-based SCRT perpetual contract with a maximum leverage of 75 times. Contract strategy trading will be opened simultaneously.

Macroeconomic expert Mark Moss, host of the Bitcoin podcast "The Mark Moss Show", said that Trump's positioning himself as the "Bitcoin President" may push the United States to adopt a strategic Bitcoin reserve, which will trigger a "game" and lead to "sovereign FOMO (fear of missing out)" in other countries. Mark Moss mentioned that Senator Cynthia Lummis from Wyoming has proposed a bill to establish a strategic Bitcoin reserve and plans to increase the amount of Bitcoin by 200,000 per year until the book holdings reach 1 million. Under Trump's leadership, this plan is "very likely" to become a reality. "If the United States does this, the G7 and G20 countries will be affected... Other countries have begun to pay attention to this matter and started to buy Bitcoin, which has brought great upward momentum to the price of Bitcoin." (kitco)

A long-dormant Bitcoin whale suddenly moved more than $35 million worth of BTC after sitting on it for nearly 12.5 years. The crypto tracker Whale Alert notes the unknown address moved 400 BTC worth $35.84 million to another unknown wallet on Sunday. The wallet received 400 BTC in June 2012 and didn’t touch it until […] The post Bitcoin Address Wakes Up After Lying Low for Over 12 Years, Moves... source: https://dailyhodl.com/2024/11/21/bitcoin-address-wakes-up-after-lying-low-for-over-12-years-moves-35843512-in-btc-at-1667815-profit/

Golden Picture, the future financial storm is coming, BTC exceeds 100,000 US dollars. Golden Finance, the increase in 15 years is more than 1.72 million times, the future financial storm is coming.

According to Odaily, market reports indicate that hedge fund Two Sigma has implemented a 10% reduction in its workforce. This development comes amid the fund's ongoing involvement in the cryptocurrency sector. Previously, it was reported that Two Sigma Investments holds 458 Bitcoin and has acquired an additional 428 Bitcoin this quarter. The fund maintains several cryptocurrency investment portfolios, which include digital asset trading company Crossover Markets and crypto trading platform Membrane Labs, among others. The decision to cut jobs reflects broader trends in the financial industry, where firms are adjusting their strategies in response to market conditions. Two Sigma's continued investment in digital assets highlights the growing interest and potential seen in the cryptocurrency market, despite the challenges faced by traditional financial institutions. As the landscape of digital finance evolves, Two Sigma's actions may signal a strategic shift towards embracing emerging technologies and opportunities within the crypto space. The fund's commitment to expanding its crypto portfolio suggests a long-term vision for integrating digital assets into its investment strategy.

On Wednesday, Mike Novogratz, CEO of Galaxy Digital, joined Yahoo Finance’s Julie Hyman and Madison Mills on “Catalysts” to discuss Bitcoin’s rally and the potential impact of President-elect Donald Trump’s Cabinet nominations on digital assets. As Bitcoin surged past $94,000, Novogratz shared his thoughts on regulatory shifts, Bitcoin’s future trajectory, and its role in the […] source: https://www.cryptoglobe.com/latest/2024/11/galaxy-digital-ceo-explains-why-a-trump-led-bitcoin-strategic-reserve-is-unlikely-for-the-u-s/

On Nov 21, 2024, 12:43 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,300 USDT benchmark and is now trading at 3,312.899902 USDT, with a narrowed 7.18% increase in 24 hours.

According to market news, hedge fund Two Sigma laid off 10% of its employees. (Jinshi) Previously, Two Sigma Investments held 458 BTC, with 428 new BTC this quarter. The fund has multiple crypto investment portfolios, including digital asset trading company Crossover Markets and crypto trading platform Membrane Labs.

If Web3 payments are mainly based on transactions using the money we have now, then PayFi allows us to use tomorrow's money to make transactions.

A surge in stablecoin inflows to cryptocurrency exchanges has ignited speculation that Bitcoin could reach the coveted $100,000 milestone before the end of November. Stablecoin inflows to cryptocurrency trading platforms have recently skyrocketed to a new monthly high near the $10 billion mark, suggesting investors are allocating additional capital to the cryptocurrency space as prices […] source: https://www.cryptoglobe.com/latest/2024/11/bitcoin-breaks-98000-as-stablecoin-inflows-hit-all-time-highs-near-10-billion/

According to Onchain Lens, about two hours ago, a whale spent 6,700 SOL (US$1.62 million) to buy 4.2 million CHILLGUYS.

The on-chain activity has been very high recently, with Bitcoin on its way to 100,000, and the Meme track also constantly creating wealth.

Recommended readings tonight: 1. The signal of change in the global economic and financial system has been released; 2. Sun Yuchen bought the $Ban site for $6.2 million. Is Comedian $Ban still available for purchase? ; 3. Why is the meme coin market developing so amazingly?

Tron founder Justin Sun purchased artist Maurizio Cattelan’s iconic work Comedian Banana for $6.2 million.

South Korean authorities have linked the 2019 Upbit exchange hack to North Korea, with over $1 billion worth of stolen ether. The investigation, aided by the FBI and Swiss authorities, traced the stolen funds, recovering some of the assets.

Bitcoin, Polymarket, and DeFi all have bright prospects.

BTC, RWA, How is the construction of the Bitcoin City in El Salvador going? Golden Finance, In the crypto world, El Salvador is also a well-known existence.

Former Binance CEO Changpeng Zhao has issued an urgent advisory, encouraging users to promptly update their macOS operating systems to safeguard against newly discovered vulnerabilities.

Meme coins may seem like a joke on the surface, but for these traders, they represent a real opportunity to escape a disappointing system and realize a return.