Crypto Punks NFTs traded 1m ETH

Crypto Punks, the most popular NFT project, just reached an important milestone. The total trading volume on OpenSea crossed 1 million Ethereum today, which is more than $1.3 billion at ETH’s price now. On average, a Crypto Punk NFT sells for approximately $100k, but someone bought Crypto Punk 2924 for $4.3 million today.

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Phantom expands its reach

One of the largest Solana-based wallets Phantom is expanding to other blockchains. The wallet will expand to Polygon and Ethereum, threatning the market leader Metamask. Phantom reportedly now has more than 3 million users.

BlockFi files for bankruptcy 💥

BlockFi officially filed for bankruptcy on Monday. It has become the latest crypto company crippled by the collapse of FTX. It was functioning since 2017 with more than 450,000 clients.

Binance’s recovery fund grows

Binance has allocated another $1 billion for its industry recovery fund, raising its size to more than $2 billion. Other cryptocurrency companies like Aptos Labs and Jump Crypto joined Binance’s initiative and plan to contribute $50 million.

Core Scientific in deep trouble

Core Scientific, as one of the largest Bitcoin miners, has one year before it may declare bankruptcy. Core Scientific’s troubles include rising power costs, falling Bitcoin prices, and more difficult mining. They reported a total net loss of $1.7 billion in the first nine months of 2022.

Russia creates national crypto exchange

Russia has started developing an official and regulated Russian cryptocurrency exchange. This exchange shouldn’t flee from Russian regulations, laws, and will operate within the national legislative frame. This move should help the government to gather more taxes that people avoid by using foreign exchanges.

Litecoin surges 16% 🚀

Litecoin (LTC) surged by 16% to $70 today, up from $48 just two weeks back. LTC became the TOP gainer among cryptocurrencies despite a stron market selloff. Now it is the 13th biggest cryptocurrency according to its market cap, overtaking Shiba Inu.

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EU inflation eases to 10%

The annual inflation rate in the Euro Area decreased back to 10% from a record high of 10.6% in October. The result exceeded market expectations by 10.4%, finally declining after several increases.

WTI oil moves higher 📈

WTI crude oil increased toward $80 after a decline in US crude inventory by 8 million barrels last week. An upcoming OPEC+ meeting sparked fears of further output restrictions, as OPEC+ is supposed to meet on Dec. 4th to decide on output strategy. Rumors that the cartel will reduce output further in response to market weakness are gaining momentum.

Australia’s inflation decreases to 6.9%

Australia’s annual inflation rate fell to 6.9% in October 2022. It decreased from September’s record high of 7.3% and fell short of expectations of 7.4% due to a lower increase in food prices.

Phantom expands its reach

One of the largest Solana-based wallets Phantom is expanding to other blockchains. The wallet will expand to Polygon and Ethereum, threatning the market leader Metamask. Phantom reportedly now has more than 3 million users.

India starts the test of digital rupee

The Reserve Bank of India will start testing its central bank digital currency (CBDC) on December 1st. The testing will run in Mumbai, New Delhi, Bengaluru and Bhubaneswar. Some of the major banks, such as the State Bank of India, ICICI Bank, Yes Bank, and IDFC First Bank, will participate.

CAD weakens after GDP results

The Canadian dollar weakened above $1.35—a level not seen since early November after the GDP results. The Canadian economy increased by 2.9% annually in Q3 of 2022, beating expectations for a modest 1.5% growth.

News

More than 215 million people can officially pay with crypto
BTC
2.7%

More than 215 million people can officially pay with crypto

While Brazil has allowed cryptocurrencies as a form of payment, they haven't been accepted as legal tender just yet.

Rolls-Royce successfully tests its hydrogen jet engine

Rolls-Royce and easyJet have achieved a new aviation milestone with the world's first hydrogen-fuelled modern jet engine.
A good day for oil, not so good for stocks and dollar
EURUSD
-0.1%

A good day for oil, not so good for stocks and dollar

Markets saw oil gain second day in a row caused by OPEC+ speculations. Stocks were mostly down as production may halt again in China.

Hibbett dumps after horrific earnings

A massive decline for the stock price amid worsening fundamental situation.