This content is generated by an AI tool designed specifically for cryptocurrency - http://iClub.ai
1. Cryptocurrency Market:
- Bitcoin breaks through the $70,000 mark, setting a new all-time high. The current trading price is around $71,000.
- Ethereum is lagging behind Bitcoin and is still 86% away from its all-time high.
- Dogecoin is one of the top 100 cryptocurrencies with the largest gains in 24 hours, up 15-18%.
2. Institutional adoption:
- Emory University discloses holdings of $16 million in Bitcoin ETF.
- Microsoft shareholders to vote on investing in Bitcoin.
- BlackRock's Bitcoin ETF (IBIT) saw a single-day inflow of $308.4 million.
3. Politics and Elections:
- The US presidential election is one week away. The prediction market shows that Trump has a 65.7% chance of winning, while Harris has a 34.3% chance.
- Robinhood launches derivatives trading for the 2024 U.S. presidential election.
- Trump Media Inc. (DJT) has a market cap of $9.48 billion, surpassing X (formerly Twitter) at $9.4 billion.
4. Blockchain and Web3 Development:
- Solana saw net inflows for the fourth consecutive week, with $10.8 million in inflows this week.
- Cardano founder Charles Hoskinson announced that Cardano L1 will transform into Bitcoin L2 (unconfirmed, possibly ironic).
- Chainlink data stream is now available on Solana mainnet.
5. Artificial Intelligence and Cryptocurrency:
- X (formerly Twitter) partners with NVIDIA and Supermicro to launch an AI supercomputer with 100,000 GPUs.
- Aether, an AI agent created on Farcaster, has a wallet value approaching $100,000.
6. Global Economy:
- China plans to approve a fiscal stimulus package of more than 10 trillion yuan on November 8.
- The U.S. Treasury expects to borrow $546 billion in the fourth quarter of 2024 and $823 billion in the first quarter of 2025.
- The yield on the 10-year U.S. Treasury bond continued to rise, reaching 4.30%.
7. Regulatory developments:
- Hong Kong plans to issue more cryptocurrency exchange licenses by the end of 2024.
- The Biden administration finalized restrictions on U.S. investment in China’s advanced technology sectors, including semiconductors, quantum computing and artificial intelligence.
