Cointelegraph Research’s Post

November 2023 - A Month of Crypto Surprises In the fast-paced crypto world, November 2023 was nothing short of stunning. From the resurgence of #Bitcoin to groundbreaking developments in various sectors, it was a month filled with noteworthy events. Bitcoin enthusiasts had reason to celebrate as the cryptocurrency posted its third consecutive positive monthly gain, marking an impressive +8.81%. But that’s just the beginning. Analysts James Seyffart and Eric Baluchnas increased the probability of #ETF approvals by January 10th to a whopping 90%, signalling potential mainstream acceptance. Crypto stocks also grabbed the spotlight, with Coinbase experiencing a remarkable 71.9% surge in share price. Interestingly, this coincided with Binance’s record-breaking $4.3 billion fine, sparking speculation about the connection between the two events. Additionally, Northern Data AG secured a substantial $610 million in debt financing from Tether.to, while Hut 8 and USBTC joined forces to form Hut 8 Corp, a U.S.-based crypto mining entity. The DeFi sector witnessed a resurgence, with DEX trading volume soaring nearly $100 billion. Discover what fueled this remarkable growth and get insights into platforms like Blast and the security incident that impacted KyberSwap. In the world of derivatives, the CME took the lead in Bitcoin futures, overshadowing Binance for most of the month. Bitcoin ETPs attracted approximately $1.5 billion in inflows, highlighting growing institutional interest. Long liquidations on specific dates led to significant price fluctuations, providing opportunities for savvy traders. Mining enthusiasts had plenty to discuss, with Antpool making headlines for refunding an 83 #BTC transaction fee mistakenly paid by a user. The network’s hash rate and difficulty hit new all-time highs, doubling since January. Dive into the details, including Jack Dorsey’s investment in a new mining pool called OCEAN. Real-world asset tokenization saw significant regulatory developments as Hong Kong’s Securities and Futures Commission moved to treat tokenized securities like traditional ones. Taiwan awarded its first security token offering license, and HSBC introduced a service to tokenize physical gold. Venture capital continued to flow into the crypto industry, recording a 37.3% increase from October. Notably, the Wormhole Foundation completed a $225 million venture round, attracting investments from prominent players. This is just a glimpse of the crypto wonders November brought us. Don’t miss our full report for a comprehensive analysis and insights into these trends! 👇 https://lnkd.in/eWVNxcbu

Exploring the Evolution of Cryptocurrency Exchanges with Bit2Me: Insights from Our Latest Report In our groundbreaking report developed in partnership with Bit2Me, “Advancing Crypto: A New Era of Exchange Standards,” Cointelegraph and Bit2Me offer a comprehensive analysis of cryptocurrency exchanges’ current state and future trajectory. This report examines how independence has influenced exchange practices, sometimes leading to regulatory challenges and risks. The collapse of significant players like FTX and Celsius in 2022 marked a historic low in trust and highlighted the need for more robust safeguards in the industry. As we move toward a future where crypto becomes a staple in the financial world, striking a balance between decentralization, privacy, and regulatory compliance becomes crucial. Our analysis sheds light on how embracing regulatory frameworks can foster trust among individual and institutional investors, paving the way for mass adoption. Central to our study is a detailed comparison of leading exchanges, including Bit2Me, Bybit, Kraken Digital Asset Exchange, Coinbase, Binance, HTX, and a couple more, focusing on how they align with customer protection and financial literacy. This comparison offers valuable insights into the varying degrees of legal protections, cybersecurity measures, and user experience standards across different platforms and jurisdictions. Our report is essential for anyone in the crypto space, both investors and enthusiasts. It provides a comprehensive understanding of the intricate dynamics within the crypto exchange ecosystem. Dive into the full report to see how cryptocurrency exchanges set new standards in the crypto age. 🔗 Click below to access the full report https://lnkd.in/eQgbfCvr #Cryptocurrency #Blockchain #DigitalAssets #CryptoExchanges #Bit2Me #Regulation #Cybersecurity #Audits

Our own Deputy Director of Research and Sr. Economist Dr. Michael Tabone, will be hosting a Cointelegraph Twitter space live today at 11:00 AM EST on the Future of Scalability in the Blockchain Space! https://lnkd.in/ezj7FFNk

Our own Deputy Director of Research, Dr. Michael Tabone, started teaching the next generation of Web3 and blockchain professionals! Great job! Bullish!

💡 Did you know the 4th halving is causing miners to act? Mergers, diversification, and new machines are in play. Q2 2023 saw major crypto miners reporting revenue increases. Marathon Digital Holdings (NASDAQ: MARA) surged by 59.9%, exceeding $80M. Bitdeer Group topped the list with $93.8M! But rising operating costs, mainly due to escalating electricity prices, have offset these revenue boosts. 🤔 Intrigued? Dive deeper into our Crypto Mining Database for more insights 👇 https://lnkd.in/eiYCKgkp #bitcoin #btc #miners

📉 Crypto funding faced turbulence from 2022 to 2023. Where's the money moving now? Crypto funding plummeted by a staggering 80.5% from $34.33B to $6.67B when comparing Q1-Q3 in 2022 and 2023. CeFi and NFT sectors bore the brunt, influenced by #FTX's decline and #NFT project scams. Amid the overall downturn, #Web3 funding remained resilient, while #DeFi & Infrastructure projects captured more market share. 🔍 Dive in here for deeper insights from our VC database 👇 https://lnkd.in/dHbFdSZu

Curious about how Bitcoin is evolving in the DeFi landscape? 🌌 Bitcoin’s foundation lays a unique groundwork but faces distinct considerations for seamless DeFi integration at the base layer. The 2021 Taproot update made strides, yet comparative analysis showcases intriguing differences with platforms like #Ethereum, #Cardano, and #Solana. To bridge this gap, enter RGB and Taro — innovative projects utilizing client-side validation tech. They aim to unlock smart contract capabilities on the Bitcoin platform, sparking exciting possibilities for DeFi integration. However, embracing this potential calls for a comprehensive outlook. While RGB and Taro chart a novel course, further empirical analysis is crucial to gauge their true impact on the DeFi ecosystem. Want to explore the intricate world of Bitcoin DeFi and its market outlook?  Download the full article for FREE now. 👇 https://lnkd.in/dnXqdiEP #Bitcoin #DeFi #Blockchain