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Trump Appoints Musk to Lead "Department of Government Efficiency," Dogecoin Surges 8%On November 12th, US President-elect Trump announced a highly anticipated appointment: billionaire entrepreneur Elon Musk, along with Vivek Ramaswamy, will jointly lead the newly created "Department of Government Efficiency" (DOGE) upon his inauguration. This news immediately captured market attention, particularly within the cryptocurrency sphere, sending the price of Dogecoin (DOGE), a cryptocurrency Musk frequently champions, soaring by over 8%

Ethereum Trading Volume Leads the Pack, Can It Surpass Bitcoin?Every blockchain in today's world operates in its own way, resulting in different standards and advantages and disadvantages. Nonetheless, there are certain parameters that can be compared

Base's Rise: Coinbase's L2 Network Overtakes Arbitrum as Ethereum Ecosystem LeaderBase, the Ethereum Layer-2 scaling solution launched by cryptocurrency exchange Coinbase, has exhibited remarkable growth in the past two months, positioning itself as a frontrunner in the race for dominance within the Ethereum ecosystem. Data from IntoTheBlock reveals that Base's transaction volume has surged significantly over the past two months, capturing 40% to 60% of all transactions, surpassing Optimism and Arbitrum

2024 Nobel Prizes: Artificial Intelligence Takes the Lead, Zhou Hongyi Daringly Predicts the FutureThe 2024 Nobel Prize award ceremony, held from October 7th to 14th, captivated global attention. The Nobel Prize, the highest honor in the scientific world, recognizes individuals who have made "the greatest benefit to humankind" in physics, chemistry, peace, physiology or medicine, and literature

The United States Pushes for a Bitcoin Strategic Reserve Act: Establishing a National Bitcoin Reserve to Enhance Financial Security and LeadershipAs global nations increasingly recognize the importance of digital assets, the United States is actively exploring ways to maintain its leadership position in this field. In this context, Senator Cynthia Lummis introduced the "BITCOIN Act of 2024" on July 31st

AI-Fueled Cryptocurrencies Lead Altcoin Rally, Bitcoin Poised to Break All-Time High on Multiple CatalystsArtificial intelligence-related cryptocurrencies spearheaded a rally in the crypto market on Monday, with altcoins outperforming Bitcoin (BTC). The native tokens of first-layer blockchain Near (NEAR) and decentralized computing platform Render (RNDR) jumped 18%-20% in the past 24 hours, topping the gains in the CoinDesk 20 index, which rose 1

Ethereum Crisis: Modularity, Human Nature, Competition and LeadershipEthereum, once the King of Altcoins, is now in crisis. Its halving rules are beginning to shake, and many altcoins are also in a slump

Bitcoin Leads Crypto Market Crash After NFP Data Misses Estimates, Ahead of Fed MeetingOn September 6th at 20:30 EST, the US Department of Labor released the highly anticipated August non-farm payroll report. The data revealed that the US's seasonally adjusted non-farm employment growth was lower than expected, sparking market expectations that the Federal Reserve might continue raising interest rates in the future

Number of Cryptocurrency Millionaires Soars 95%, Bitcoin Leads the Charge!As of August 2024, the global number of cryptocurrency millionaires has surged by a remarkable 95% year-on-year, reaching 172,300 individuals. Among them, the number of individuals holding over $1 million in Bitcoin assets has witnessed a 103% increase, reaching 85,400

Bitcoin ETF Leads Capital Inflow, Crypto Market Shows Signs of Recovery: Latest Industry UpdatesThirteen out of the top 25 ETFs launched in the US this year are related to Bitcoin or Ethereum, with four spot Bitcoin ETFs taking the top four spots on the list of ETFs attracting the most capital inflow in the US this year. Nate Geraci, President of TheETFStore, said on social media, "Out of approximately 400 new ETFs listed in the US this year, the top four in terms of year-to-date capital inflow are all spot Bitcoin ETFs

Gold Prices Hit All-Time Highs, Central Banks Go on Buying Spree, But Bitcoin Still Leads the PackDuring the first half of 2024, global central bank gold purchases reached a record high of 483 tons, driving gold prices to unprecedented levels. This staggering figure represents a 5% increase from the previous record of 460 tons set in the first half of 2023, with central bank gold purchases in the second quarter alone surging 6% year-on-year to 183 tons

The crypto market is experiencing a cold snap, with Bitcoin leading the decline, causing over 60,000 liquidations and losses exceeding $156 millionThe crypto market has once again failed to escape a downturn. On Monday, the entire market experienced a significant decline, with Bitcoin (BTC), the leading cryptocurrency, dropping nearly 4% in the past 24 hours