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Crypto chop continues, Gold drops, DraftKings buys prediction market

The recent cryptocurrency market demonstrates fluctuations, particularly with ZEC briefly surpassing $300 before a decline, affecting various altcoins. Developments include Fed's Waller indicating a shift toward cryptocurrency acceptance, while the Ethereum Foundation made a significant move, transferring $654 million in ETH. BlackRock's efforts to engage BTC whales for ETFs and Hong Kong's approval of its first SOL ETF highlight institutional interest. However, disruptions loom as SOL ends support for the Saga mobile phone, and Kadena winds down operations, contributing to a 60% drop in KDA. Aave's outstanding loans have significantly risen to $25 billion, integrating with Maple for debt management. Regulatory challenges remain evident, with calls for former President Trump to support the CFPB’s banking rule, amid intensified scrutiny over DATs by Asian exchanges. The crypto ecosystem continues to evolve, facing both opportunities and challenges in a fluctuating landscape.

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Bitcoin's Seasonality: ‘Uptober’ Disappointed; ‘Moonvember’ Hype Starts Building Up

Recent analysis indicates that November may be Bitcoin's strongest month, with an eye-catching average gain of 42.5% since 2013, although this number is skewed by a remarkable 449% spike in 2013. The median return for November is a more modest 9%, suggesting significant variation in performance across

Bitcoin's Seasonality: ‘Uptober’ Disappointed; ‘Moonvember’ Hype Starts Building Up

Bitcoin's recent performance in October known as 'Uptober' was disappointing, breaking a six-year trend where the month usually ends positively. Analysts observed that October closed down 8.5%. In contrast, November, dubbed 'Moonvember', has seen an average gain of approximately 42.5% since 2013,

Bitcoin's Seasonality: ‘Uptober’ Disappointed; ‘Moonvember’ Hype Starts Building Up

Bitcoin's performance in November has become a subject of discussion among analysts, particularly following a disappointing October. Analyst Lark Davis asserts November is Bitcoin's strongest month, averaging a 42.5% gain, though this figure is skewed by an extraordinary 449% increase in 2013. The median gain

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