According to BlockBeats, on November 8, Bitcoin Magazine CEO David Bailey shared insights on social media regarding the current Bitcoin bull market cycle. Bailey expressed that this cycle is expected to be significantly extended compared to previous ones. Historically, Bitcoin experiences a price increase, often referred to as 'Number Go Up' (NgU), approximately 18 months after a halving event. However, Bailey noted that six months have already passed since the last halving, and it is now evident that the influx of capital will not peak within the next 12 months. Bailey further elaborated that the current market dynamics suggest a prolonged bull market cycle, potentially lasting three to four years before reaching a cooling-off period. This extended duration contrasts with previous cycles, indicating a shift in the market's behavior and the factors influencing Bitcoin's price movements. The CEO's comments highlight the evolving nature of the cryptocurrency market and the potential for longer-term growth trends. As the market continues to develop, investors and analysts are closely monitoring these changes to better understand the future trajectory of Bitcoin and other cryptocurrencies.

Bankrupt cryptocurrency exchange FTX has filed a lawsuit to recover at least $11 million from a Crypto.com account associated with its sister company Alameda Research. Crypto.com reportedly locked the account after Alameda declared bankruptcy and denied FTX administrators’ requests to access the funds despite multiple attempts FTX claims that before filing for bankruptcy, Alameda registered an account on Crypto.com under the name Ka Yu Tin (aka Nicole Tin). According to the company, this practice is common among Alameda, which often opens accounts in the names of shell companies or employees to conceal its trading activities. However, FTX claims that Alameda funded the account and controlled it. (Cryptoslate)

Binance Labs has announced its investment in BIO Protocol, a pioneering project that seeks to revolutionize the financing and commercialization of early-stage scientific research through blockchain technology. This marks Binance Labs' first foray into the Decentralized Science (DeSci) sector, highlighting the lab’s commitment to supporting groundbreaking advancements in technology that promise real-world impact.BIO Protocol operates as an innovative platform that enables scientists, patients, and investors worldwide to fund, develop, and co-own medical advancements through a network of Biotech Decentralized Autonomous Organizations (BioDAOs). The platform addresses key funding gaps in scientific research, with a particular focus on rare diseases, longevity research, and other emerging health challenges. With seven existing BioDAOs exploring diverse areas—from cryopreservation to mental health treatments—the platform’s next projects will tackle Long COVID, rare diseases, and quantum biology, expanding the community-driven reach of scientific research."BIO Protocol represents a significant step forward in DeSci by merging biotechnology and DeFi," said Andy Chang, Investment Director at Binance Labs. "Our commitment is to drive real, long-term impact by investing in projects that build meaningful technology. Supporting BIO Protocol aligns with our mission to foster innovation that can truly shape the future and unlock scientific breakthroughs across the globe."

On Nov 08, 2024, 14:14 PM(UTC). According to Binance Market Data, BNB has crossed the 600 USDT benchmark and is now trading at 600.289978 USDT, with a narrowed 1.69% increase in 24 hours.

According to Odaily, the cryptocurrency Solana (SOL) has experienced a significant price increase, surpassing the 205 USDT mark. As of the latest update, SOL is trading at 204.65 USDT, marking a 24-hour increase of 9.41%. This surge in Solana's price highlights the ongoing volatility and dynamic nature of the cryptocurrency market. Investors and traders are closely monitoring these fluctuations as they navigate the rapidly changing landscape. The recent price movement of SOL is part of a broader trend observed in various digital assets, which have shown considerable price shifts over short periods. Market participants are advised to stay informed about the latest developments and trends in the cryptocurrency sector, as these can have significant implications for investment strategies and market positions. The rise in Solana's value underscores the importance of keeping abreast of market conditions and potential opportunities within the digital currency space.

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OKX market data shows that SOL has broken through 205 USDT and is currently trading at 204.65 USDT, with a 24-hour increase of 9.41%.

Sky will not re-rebrand as MakerDAO after a community vote that favored keeping the new identity. The rebranding is central to founder Rune Christensen’s “Endgame” strategy, which aims to reshape the protocol for more competitiveness and resilience. MakerDAO Governance Vote Dominated By Whales Sky confirmed the identity stay in a post on X after an on-chain vote to continue using the new brand... source: https://beincrypto.com/proposal-to-rebrand-sky-rejected/

يشهد سوق العملات المشفرة تطور سريع، ومعه تزداد فرص الأرباح عن طريق منصات الإيردروب التي تقدم مكافآت للمستخدمين بشكل مجاني، وأبرز هذه المنصات حاليا هي CandyBomb. تُعتبر CandyBomb من أفضل المنصات في عالم الإيردروب، إذ تتميز بسهولة الاستخدام وتقديم فرص جذابة للربح. ما هو الإيردروب؟ الإيردروب هو استراتيجية ترويجية تستخدمها المشاريع الرقمية لتوزيع العملات المشفرة … The post أفضل منصة إيردروب: تعرف... source: https://arab-btc.net/candybomb-airdrop/

According to the official announcement, Binance Futures will launch 1-75x USDT perpetual contracts for GRASS, DRIFT and SWELL. -November 08, 2024 23:30 (ET8): GRASSUSDT perpetual contract -November 08, 2024 23:45 (ET8): DRIFTUSDT perpetual contract -November 09, 2024 00:00 (ET8): SWELLUSDT perpetual contract

According to Odaily, Tether's investment division, Tether Trade Finance, has successfully completed its first financing deal for a Middle East crude oil transaction. This deal, finalized in October 2024, aims to facilitate the loading and transportation of approximately 670,000 barrels of Middle Eastern crude oil, valued at around $45 million. This development marks a significant milestone for Tether as it ventures into the energy sector, leveraging its financial capabilities to support large-scale commodity transactions. The transaction underscores Tether's strategic expansion beyond its traditional role as a stablecoin issuer, highlighting its growing influence in global trade finance. The successful completion of this financing deal reflects Tether's commitment to diversifying its investment portfolio and exploring new opportunities in various sectors. By engaging in the oil trade, Tether is positioning itself as a key player in the intersection of finance and energy, potentially paving the way for future endeavors in similar markets.

BNB Chain launched multiple incentive programs in the third quarter, including the Gas-Free Carnival and TVL Incentive Program, to drive the growth of DeFi and NFT activities.

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Any place where transactions are conducted outside of traditional exchanges can be considered an OTC market. As an international financial center, Hong Kong's open attitude and policies towards cryptocurrencies provide a new channel for mainland Chinese investors.

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Lazada Malaysia is launching AI Lazzie, an AI-powered shopping assistant that offers personalised recommendations and fun features for the 11.11 sale. The platform also introduces virtual try-ons and aims to improve the AI shopping experience based on growing consumer demand in Southeast Asia.

Grammy Award-winning singer Dua Lipa was seen parading around Singapore to look for local delicacies all around the islands days before her concert on the 5th of November.

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