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[Weekly Crypto] 2024.11.25


1️⃣ Crypto liquidations reach $470M as Bitcoin retraces, altcoins surge

Dogecoin, XRP, Stellar and Sandbox saw a larger liquidation share than usual as some top altcoins from the 2020-2021 cycle soared as high as 50%.


2️⃣ Trump Picks Pro-Crypto Hedge Fund Manager Scott Bessent for Treasury Secretary

If the Senate confirms Bessent, the next person whose signature is on the front of paper U.S. currency will be a fan of digital assets created to replace the conventional financial system.


3️⃣ Michael Saylor’s Hints Follow Pattern of Major Bitcoin Purchases at MicroStrategy

Michael Saylor, co-founder of MicroStrategy, hinted at the company making additional Bitcoin purchases.


4️⃣ DeFi Technologies' AUM jumps 38% amid crypto market boom

DeFi Technologies posted third-quarter revenues of C$24.2 million while adjusted earnings per share of C$0.07 beat estimates by a cent.



5️⃣ UK to deliver comprehensive crypto regulation framework by early 2025

The Labour government is reportedly readying crypto asset regulations as Europe pulls ahead and the US elects a pro-crypto president.






 


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