AltSignals Blog

Cardano leads the crypto market with a 33% surge, pushing its market cap to $20 billion. The uptrend in the crypto market continues with Bitcoin closely reaching $80k, following Trump’s electoral victory. The global crypto market captialization stands at $2.85 trillion while daily trading volume hits $172 billion. The upswing raises the total crypto liquidation by 68%, causing high volatility and hinting at a potential market-wide correction.

Nigeria’s Federal High Court has fined two cryptocurrency companies a total of $30,000 for conducting unlicensed Tether to naira transactions. The charges are part of the country’s crackdown on illegal crypto trading, highlighting the growing power of the Economic and Financial Crimes Commission which facilitated the plea agreement. It also underscores Nigeria’s intention to regulate specialized financial sectors as the global cryptocurrency market expands.

South Korea’s largest crypto exchange, Upbit, is set to launch DRIFT trading pairs for Korean Won, BTC, and USDT starting Nov. 8. DRIFT, Drift Protocol’s governance token, is an open-source perpetual futures DEX on Solana that has previously been listed on Coinbase and Bybit. With a recent surge in its trading volume and a market cap of $211 million, DRIFT is carving its niche in the crypto market. The article also discusses the launch of the DRIFT token through an airdrop and its role in supporting perpetual futures trading on the Solana Network.

The UK’s Financial Conduct Authority prosecutes two men, Raymondip Bedi and Patrick Mavanga, for a cryptocurrency investment fraud scheme involving 65 investors and a loss of over 1.5 million pounds. The case highlights the FCAs regulatory role over unauthorized financial activities and impacts of crypto scams.

Sensitive user data from Nigerian crypto exchange Bitnob has been leaked due to a misconfigured AWS storage bucket, with over 250,000 KYC documents exposed. The incident is believed to be a result of human error and while Bitnob has secured the data, no public comment has been made regarding the breach. The exposed data is highly valuable in dark web markets, raising serious cybersecurity concerns.

Ripple’s XRP is showing signs of a potential new bull run, according to analysts, despite being in a local bear market. Several indicators suggest it may be oversold, with some predicting its price to rise even further. Ripple’s third-quarter report and potential changes in the U.S. administration following the presidential election could impact XRP’s future trajectory. Learn more about the XRP price analysis and predictions here.

TON Accelerator announces the release of a 5 million dollar program designed to boost innovation and adoption within the TON blockchain ecosystem. Supported by TON Ventures and Mantle EcoFund, this initiative features strategy support to selected projects in the thriving crypto-gaming sector. The launch of the new program, Cohort 2.0: Synergy, aims to connect TON ecosystem to Telegram’s nearly 1 billion users and unlock potential multi-billion cross-chain liquidity.

Coinbase executives are set to sell up to five million shares, valued at over $900 million, following approval of trading plans. The stock trades are being managed under the Rule 10b5-1 provisions, allowing for pre-arranged sale schedules. This is part of an ongoing trend, with Coinbase insiders previously selling over $120 million in shares in 2023.

Pepe Unchained, a meme coin with its own blockchain, is projected to outperform Pepe by 2025 and generate major returns for investors. The pre-sale event has already raised $23.9 million. Known for its Ethereum layer 2 blockchain, quicker transactions and lower fees, Pepe Unchained presents an unprecedented use case in the meme coin landscape. The coin is tipped for 20x gains and has already established a strong community. The information provided offers insights into the potential of this emerging meme coin and how it aims to revolutionize the crypto market.