Hello everyone, this is our weekly crypto digest. Here you’ll find everything from a weekly market summary and top news to the hottest new listings on exchanges, and even memes to cheer you up. To get these updates as soon as we post them, follow us on Twitter.
Weekly Market Summary
According to The Block Data Dashboard, the total amount of stolen funds from DeFi projects exceeds $680 million.
There were 70 DeFi attacks on four blockchain platforms over the past year. The total amount of stolen funds is about $1.4 billion, $760 million of which were returned.
Vitalik Buterin put forward the idea of creating crypto cities. He believes “many national governments around the world are showing themselves to be inefficient and slow-moving in response to long-running problems and rapid changes in people’s underlying needs”. He suggests the technological combination of NFT and DAO will help solve many problems associated with current human needs.
Quick weekly news:
- El Salvador to Build 20 Schools Using BTC Profits
- BTC ‘Has Fuel for Sprint to $100,000’
- Warner Bros To Launch ‘Red Pill’ NFTs Avatars For The Matrix Resurrections
- Solana secondary NFT sales reach half a billion dollars in three months
Other notable events include:
- Quentin Tarantino joins the NFT trend
- Coinbase Will Hit $50B in Revenue by 2025
Quentin Tarantino joins the NFT trend
Popular director Quentin Tarantino will auction 7 never-before-seen scenes from the cult film Pulp Fiction, as well as original film script recordings and Tarantino’s exclusive NFT audio commentary.
The scenes will be sold as Secret NFTs to give the choice to the owner between publicly displaying possession of the token or keeping it under wraps on OpenSea – the largest NFT marketplace in the world.
Being a part of an address at the NFT.NYC conference in Times Square on Tuesday, Quentin Tarantino stated: “I’m excited to be presenting these exclusive scenes from “Pulp Fiction” to fans. Secret Network and Secret NFTs provide a whole new world of connecting fans and artists and I’m thrilled to be a part of that.”
The collectibles will be auctioned on the NFT OpenSea marketplace.
Coinbase Will Hit $50B in Revenue by 2025
Coinbase is expected to post approximately $7.5-8 billion in annual revenue or around $2 billion a quarter by year-end. Hayden Capital believes Coinbase can outperform the market and reach $50 billion by 2025.
Hayden Capital added that Coinbase will maintain its market leadership over other exchanges referring to research conducted by The Ascent, an arm of finance publication Motley Fool, which shows that “67% of American adults who own or have owned cryptocurrency have used Coinbase. No other exchange was used by more than 28% of respondents”
“We believe Coinbase’s hold on the casual retail segment results in better economics over the long run, and is a customer segment that aggressively expanding competitors like Binance.US and FTX.US have not traditionally focused on (beginner onboarding and education; simple product interfaces),” writes Hayden Capital.
- Spot trading: At the spot trading front, SHIBA INU (SHIB) and Ethereum (ETH) have become top dogs. Bitcoin (BTC) and Jasmy (JASMY) were pushed to third and fourth places.
- Derivatives: Bitcoin (BTC) and Ethereum (ETH) have become the most traded currencies as to trading derivatives. Solana (SOL) is following these two head to head with Raydium (RAY) and SHIBA INU (SHIB) taking fourth and fifth places.
New Listings on CoinbasePro:
- Crypto.com (CRO/EUR CRO/USD CRO/USDT)
New Listings on KuCoin:
- Toko Token (TKO/BTC TKO/USDT)
- WazirX (WRX/BTC WRX/USDT)
- DreamsCoin (DREAMS/USDT)
- Meter Governance (MTRG/USDT)
- LTO Network (LTO/BTC LTO/USDT)
- Aurory (AURY/USDT)
- Exeedme (XED/BTC XED/USDT)
- BASIC (BASIC/USDT)
- Step Hero (HERO/USDT)
By the way, our PRO plan includes new Exchange Listing alerts for all 27 exchanges in our app. Become a PRO and receive an instant notification when a new coin is listed on Coinbase Pro, Binance, or an exchange of your choice!
DOGEDASH coin was launched in 2021 and operates on the Binance Smart Chain (BEP20) platform. It’s a gamified crypto project, inspired by a Mario Run game where anyone can earn coins through skilled gameplay and contribution to the ecosystem.
During the game players must dash over and under platforms, monsters and even a zombie city to complete levels. Each “Dash” costs the player 100 Doge Dash coins to enter. If you pass all levels successfully – you’ll be rewarded with collected coins directly on your wallet.
DYOR
Harmony is a blockchain platform designed to facilitate the creation and use of dApps. The network aims to innovate the way dApps work by focusing on random state sharding, which allows creating blocks in seconds.
The ONE token is utilized as a stake in the Harmony consensus model. The holders can earn block rewards and are incentivized to keep the system running smoothly. The tokens are used to pay for various fees, including transaction fees, storage fees and gas fees.
Recent announcements:
- 3 reasons why Harmony (ONE) rallied to a new all-time high
- Harmony’s ONE Token Targets $1 After Breaking ATH
DYOR:
We have prepared top-performing coins of Nov 4th for you!
IoTeX has managed to become the best performing asset among TOP-100, gaining 112.46% within the last 24 hours.
Loopring was the worst-performing asset among TOP-100 (again), losing 15.77% within the last 24 hours.
To get up-to-date reports on gainers and losers during the week, follow us on Twitter.
Top cryptomeme of the week
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