😊 #AI DropsTab: AI memcoins have become the fastest growing category, with capitalization increasing by 120% over the past month. Total market capitalization has reached $4 billion, and monthly trading volume now exceeds $12 billion.
The Solana, Cardano, and Sui ecosystems are currently leading the growth among leading blockchains.

🇺🇸👀 #macro USA:
– Initial Jobless Claims: 217 thousand (previous: 221 thousand);
–prominflation (PPI; Oct):
- m/m: 0.2% (prev: 0.2%)
- y/y: 2.4% (prev: 1.7%);
– basic PPI: 3.1% y/y (prev: 2.8%)

🇺🇸👀 #macro According to FedWatch, the Fed is likely to cut the rate by 25 bp. in December increased to 82% after PPI data.

🇬🇧🗣 Head of the Ministry of Finance of the Russian Federation Siluanov: Cryptocurrency is volatile as a store of value, but for payments in foreign economic activity it is a good tool.

🙋‍♂ #ETH Franklin Templeton expanded their tokenized fund on the Ethereum blockchain - coindesk

🖼🤝 #NFT McDonald's cooperates with Doodles to launch collectibles together.

🤬📉 #BTC in the moment

😊 Memcoins have significantly outperformed RWA and AI assets in terms of profitability. #memecoin

🍿 Bloomberg and The New York Times said the Department of Justice is conducting a criminal investigation into whether Polymarket allowed US residents to trade on its platform in violation of the 2022 regulatory agreement.
Meanwhile, Polymarket representative named raid of “political retaliation for the outgoing Biden administration for correctly predicting Trump’s victory.”

🗽👀 Fox: The Pennsylvania House of Representatives has introduced legislation that would allow the state to hold #BTC on its balance sheet as a reserve asset.

🥳 #USDT Tether announced on the launch of Hadron by Tether, a platform designed to make it easier to tokenize everything from stocks to bonds, stablecoins, loyalty points and more.

🇺🇸👀 #BTC-#ETF tributaries by 5,064 BTC (~446.3 million $), and #ETH-#ETF - by 42,832 ETH (131.4 million $) #CryptoETF

Bloomberg analysts:
- US Bitcoin spot ETFs now hold approximately 1.07 million BTC. As a group they probably will exceed the estimated reserves of Satoshi at ~1.1 million BTC in the next few days or weeks;
- suggest that Vanguard will allow trade spot BTC/ETH ETH next year;
- ETF flows since the beginning of the year reached $909 billion, just one billion short of breaking the annual record.

📊 Top 10 DEXs by volume over the last 7 days.
Raydium is catching up with Uniswap in volume. Solana, Aptos and SUI also show high trading volumes.

📊 Top 10 networks by inflows/outflows.
Ethereum and Arbitrum are seeing outflows, while Base, Solana and Sui are leading in terms of net inflows.

🇮🇹🏦 Italian bank Intesa has expanded the remit of its digital assets department to handle spot cryptocurrency trades. bloomberg

🐳 #XRP Sentiment: Wallets with >1 million XRP now hold a total of 45.61 billion tokens, the highest since June 2018.

🇺🇸🗣 #macro Barkin from the Fed: The last 30 years have been very favorable for low inflation, but the next 10 years could be more inflationary.

JPMorgan: The Fed will probably will suspend interest rate cuts after Decemberto assess the economic impact of Trump's policies. They believe that the new fiscal policy will contribute to rising inflation.

🗽🍿 Gary Gensler released a statement hinting at his early resignation as SEC Chairman.

🙋‍♂ #IOTX State of IoTeX in the third quarter of 2024

https://messari.io/report/state-of-iotex-q3-2024

#research

📊👀 CQ: #BTC of the Satoshi era is on the move.

🗽🍿 18 American states sued the SEC and its commissioners, accusing them of unconstitutional abuse of power and unfair prosecution of the crypto industry under the leadership of agency head Gensler.
The lawsuit was signed by 18 Republican attorneys general.