Bitcoin Surpasses Saudi Aramco, Becoming World’s 7th Largest Asset

VaultCraft launches V2, TVL skyrockets above $100M

VaultCraft launches V2, partners with Safe, and secures $100M+ in Bitcoin

• Matrixport, Asia’s leading crypto providers, commits $100M+ in Bitcoin

• OKX Web3 to launch Safe Smart Vaults with $250K+ in rewards

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@newsontheblockchain, 14/11/2024

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🌍 Daily Crypto Market Overview

Global Stats:

• Cryptocurrencies: 2.4M+

• Exchanges: 763

• Market Cap: $2.97T (+2.56%)

• 24h Volume: $307.45B (-0.42%)

• Bitcoin Dominance: 59.8%

• Ethereum Dominance: 13.0%

• ETH Gas Price: 36.15 Gwei

• Fear & Greed Index: 85/100 (Extreme Greed)

🪙 Top 5 Cryptocurrencies by Market Cap:

💹 Market Highlights:

• Total DeFi Volume: $12.57B (4.09% of total volume)

  Stablecoins Volume: $281.91B (91.69% of total volume)

  Coin with highest % change: Merlin (SOL) (+9999%) 

🔥Heat Map:

📈 Preview On Today’s News:

1. - Bitcoin Surpasses Saudi Aramco, Becoming World’s 7th Largest Asset

2. - Dogecoin's Inflation and Recent Surge Amid Political Shifts

3. - Robinhood Lists PEPE and Relists Major Cryptocurrencies

Keep reading for more!

Today’s Important News:

1)

Bitcoin Surpasses Saudi Aramco, Becoming World’s 7th Largest Asset

Bitcoin has recently surpassed Saudi Aramco to become the 7th largest asset in the world, with a market cap of $1.81 trillion. This achievement follows Bitcoin’s impressive rise, which also saw it surpass the market caps of silver and Meta earlier this week. The cryptocurrency’s surge has been fueled by increased institutional investment, Bitcoin’s first crypto-based ETF in the United States, and the anticipation surrounding the 2024 U.S. presidential election. Bitcoin’s value recently peaked at an all-time high of $91,500, and analysts are optimistic about its future growth.

• Bitcoin has surpassed Saudi Aramco to become the world’s 7th largest asset, reaching a market cap of $1.81 trillion.

• Bitcoin's surge is driven by institutional investment, its first U.S. crypto-based ETF, and the upcoming U.S. presidential election, with the token recently reaching an all-time high of $91,500.

2)

Dogecoin's Inflation and Recent Surge Amid Political Shifts

Elon Musk has defended Dogecoin's flat inflation as a key feature, not a flaw, explaining that the cryptocurrency's predictable inflation with a decreasing percentage over time makes it suitable as a currency. This comes as Dogecoin's value surges, with the coin up over 300% since November 2023, partly fueled by political developments, including Donald Trump’s U.S. election win and Musk’s potential involvement in a new government department. Analysts predict continued growth for Dogecoin into 2025.

• Elon Musk states that Dogecoin's flat inflation is a feature, not a bug, making it ideal for use as currency.

• Dogecoin has surged by over 300% since November 2023, with analysts predicting further growth through 2025.

3)

Robinhood Lists PEPE and Relists Major Cryptocurrencies

Robinhood has officially listed the PEPE meme coin, resulting in a surge of over 32% in the asset’s value. Additionally, the exchange has relisted Solana (SOL), Cardano (ADA), and Ripple (XRP) after previously delisting them in 2023 due to regulatory concerns. This move is seen as a shift towards a more inclusive future for these tokens, especially with expected changes in the regulatory environment under the reelected Trump administration.

• Robinhood lists PEPE, with the token seeing a 32% surge, and relists Solana (SOL), Cardano (ADA), and Ripple (XRP).

• The relistings are viewed as a response to an evolving regulatory environment, with changes expected following the reelection of Donald Trump.

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