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Ether, Touted as Internet Bond, May Top $3K on Fed Rate Cut, Outperform Bitcoin

Elevated interest rates in the U.S. have dented ether’s appeal as the internet equivalent of a bond, offering a fixed-income-like return on staking.

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In Win for Polygon’s AggLayer, Magic Labs Unveils Chain Unification Network ‘Newton’

Newton will allow for wallet solutions to plug into the AggLayer, which is a Polygon-backed effort to connect affiliated chains and allow tokens to freely move between them. Magic Labs claims its the first dedicated network for wallet solutions and chain unification.

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VC Darling Eclipse Finally Debuts Its Solana-Ethereum Blockchain Hybrid

Eclipse raised more than $50 million from investors but has been marred by controversy over the past year.

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Dune Launches Dashboard Tracking $2.5B Lost to Crypto Hacks and Phishing Scams

The new dashboard from Dune’s team aggregates veri from more than 5,500 blockchain-based scams, exploits, and attacks

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Protocol Village: Cytonic, Layer-1 Chain With ‘MultiVM’ Design, Raises $8.3M in Seed Round

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Nov. 7-13.

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First Mover Americas: Bitcoin Holds Below $75K Before Expected U.S. Rate Cut

The latest price moves in crypto markets in context for Nov. 7, 2024.

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SEC Seeks to Dismiss Three of Kraken’s Key Defenses in U.S. Lawsuit

A motion filed earlier this week rejected several of Kraken’s defenses and complained that the exchange was “trying to re-litigate the same issues repeatedly.”

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German Chancellor Scholz Calls Snap Election as Coalition Government Collapses

Olaf Scholz is looking to bring the general election forward to March from September.

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Bitcoin Registers Fourth-Best Day of 2024 as BlackRock ETF Posts Record Volume

BlackRock’s iShares Bitcoin Trust registered $4.1 billion in volume traded as bitcoin broke out to all-time highs.

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Trump’s Biggest Boon to Crypto Would Be Passing the Bitcoin Act: CoinShares

Under the proposal, bitcoin would be established as a strategic reserve asset and the government could buy up to 5% of the cryptocurrency’s total supply, the report said.

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