🤓 Crypto Chronicles: Start the Week Informed

Examining the highlights of the eventful week gone by, we will delve into upcoming significant events in the crypto space, token releases, and exciting giveaway announcements.

Author

buidlbee make it with crypto
November 13, 2023

Hey, folks. Welcome to the latest update from the buildbee team. We’ve rounded up some exciting news and insights from the crypto world, and can’t wait to share them with you. Without further ado, let’s jump into the ever-expanding universe of digital assets. In today’s edition, we'll cover:

  • “Beyond  AI” networking lunch event.

  • “Exploring Web3” event.

  • Key Highlights: Catch up on notable events from the previous week, including news about Celsius, Poloniex, and Deutsche Börse.

  • Market outlook: Key cryptocurrency market indicators to watch for in the coming week.

  • Bitcoin at $1M — forecast.

  • Technical analysis: Moonbeam (GLMR) is poised for a 28% surge.

  • Futureverse and NVIDIA airdrop.

Let's start by reviewing the most notable events of the past week and take a look at the upcoming ones.

Cryptocurrency lender Celsius Network has gained court approval for its bankruptcy restructuring plan in the U.S. The plan involves creating a new company focused on mining and staking, set to repay creditors around $2B in cryptocurrencies. Celsius may be the first bankrupt crypto firm to retain some operations, offering users a chance to recover up to 85% of their funds in a mix of cryptocurrencies and shares in the restructured entity.

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As a result of a cyber incident attributed to the North Korean group Lazarus Group, $114M was withdrawn from Poloniex wallets on the Ethereum and Tron networks. Despite the exchange restoring system operations and preserving evidence, user feedback reflects concerns about the claimed "100% security" and the fate of their funds stored on the platform.

This incident underscores the ongoing threat from hacking entities in the cryptocurrency space and raises questions about the overall safety and protection of users on cryptocurrency exchanges.

One of the world's largest financial groups, Deutsche Börse, is set to launch a regulated cryptocurrency exchange in 2024 as part of its global strategy outlined in the Horizon 2026 plan. While media speculates the exchange will target institutional investors, there is no official confirmation from Deutsche Börse at the time of writing. The move follows the company's acquisition of Crypto Finance, a brokerage firm specializing in digital asset trading, for CHF 100M ($106M) in 2021.

In addition to the exchange launch, Deutsche Börse plans to integrate stablecoins into its network and actively engage in the tokenization of securities with a total value of $3B, all aligning with the updated financial strategy aimed at doubling profits and growth metrics by 2026. The expansion also includes the rollout of the D7 platform for tokenized securities in Luxembourg by the second quarter of 2024, followed by a global market expansion.

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🔑 Key crypto market highlights (November 13 — November 22)

💲 Ideas 

[1] 🔔Arthur Hayes Predicts Bitcoin to Hit $1M

Co-founder of the BitMEX exchange, Arthur Hayes, has shared new market predictions. According to the expert, the bull run has already begun, and during this cycle, the growth of Bitcoin and Ethereum will reach up to $1M and $100K, respectively.

According to a post on Twitter, Hayes received insights from "ancestors in Rapa Nui." However, as of now, Bitcoin is hovering around $36.7K, and Ethereum recently surpassed the $2K mark. Therefore, it remains unclear when and if the crypto expert's forecast will come to fruition.

[2] 🔔 Moonbeam's Moonshot

Trader ATraderSniper has shared a technical analysis predicting a potential surge in the native token Moonbeam (GLMR). According to the expert, the asset has already broken out of a rising wedge on the 1-day timeframe, signaling an imminent bullish wave.

As a result, the coin's growth could reach 28%. Notably, GLMR has already seen a nearly 16% increase in the past week. If ATraderSniper's forecast holds true, the asset is expected to continue its upward trajectory.

*Any technical analysis in the long run cannot accurately predict the movement because now is a very tough market and the news can swing currencies in all directions

[3] 🔔 $10K from Futureverse and NVIDIA

NVIDIA has announced a partnership with Futureverse and is giving away $10K.

How to participate:

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And with that, we conclude our update, providing you with the most recent market insights. Make thoughtful use of this information. May the dynamic tides of the digital asset realm align in your favor. Until our next encounter.

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