🏛️SEC Chair Gary Gensler Resigns
GM Defiers!
✍️ In today’s newsletter:
- BTC rallies to another all-time high of $99,000
- Crypto’s archnemesis Gary Gensler resigns
- Bitwise files for Solana ETF
- Phantom wallet races to top of iOS ranking
- Solana continues to eat away at Ethereum’s market share
- Litecoin disavows Lester memecoin
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📈 Markets in the last 24 hrs:
🎬WATCH
Check out our podcast with Hart Lambur, co-founder of Across Protocol and UMA, who shares his outlook on interoperability within the Ethereum ecosystem.
Watch our interview with Michael Casey, a journalist and blockchain advocate, to learn about how he discovered Bitcoin amid financial crisis in Argentina.
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🚀Bitcoin Inches Closer to $100,000
Bitcoin surged 5% over the past 24 hours to a new all-time high of $99,000, driven by growing institutional interest and bullish momentum. Ethereum (ETH) soared 10%, while Solana (SOL) jumped 11%.
🏛️Gary Gensler Resigns as SEC Chair
Securities and Exchanges Commission chairman Gary Gensler has announced his decision to step away from his role on January 20, 2025. Over the last 2 years, Gensler and the SEC have been repeatedly accused of “regulation by enforcement” to thwart the crypto industry.
🏦Bitwise Joins Race For Spot Solana ETF Approval
Bitwise, a digital asset manager with $5 billion in assets under management (AUM), is the latest tradfi firm seeking to launch a spot exchange-traded fund (ETF) investing in Solana. On Nov. 20, Bitwise registered the "Bitwise Solana ETF" entity in Delaware.
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Honor VS Madness Unveils GrimGold: A New Era in Player-Driven Ownership
Honor VS Madness (HvM) is redefining NFT-based gaming with the launch of GrimGold (GG), its native token, now live following the Token Generation Event on November 12th. GrimGold brings actual ownership to players, allowing them to trade, stake, and influence the game's evolution through blockchain-backed assets. Dive into strategic gameplay with exclusive card packs, rare character skins, and player-owned pets that add value and customization to every move.
With deflationary burn mechanics, staking rewards, and voting rights, GrimGold is a stake in HvM's future. Join tournaments, earn unique in-game assets, and help shape the game's development. Explore how HvM is setting new standards for community-driven economies in digital gaming.
READ MORE: Honor VS Madness Brings Player-Driven Ownership to NFT Gaming with GrimGold
📱Phantom Tops iOS Rankings Amid Solana Surge
On Nov. 21, Phantom claimed the top spot in the “free utility apps” category, overtaking Google’s search app and Chrome browser. It also boasted the top 10 position among free iPhone apps for the first time, ranking sixth overall.
📊Solana Ecosystem Continues to Gain Market Share from Ethereum
The Solana vs Ethereum weekly decentralized exchange (DEX) volume percentage has shattered all-time highs this week. It is now at 266%, which means Solana DEXs are processing more than double the volume of Ethereum DEXs.
🤔Litecoin Distances Itself from Lester Memecoin
In a public statement, Litecoin clarified that it has no connection to the LESTER coin, seeking to ‘resolve confusion’ within its community.'
🌍 ELSEWHERE
- Trump team weighs creating first-ever White House crypto role (Reuters)
- MicroStrategy Falls 16% Despite New Bitcoin Record as Some Question Valuation (CoinDesk)
- Logan Paul accused of misleading fans over crypto investments (BBC)