🌙 Bitcoin Surges to $93K

The move came as U.S. markets opened for trade, suggesting strong demand from American investors.

Author

Mike Gavela
November 13, 2024

Crypto Roundup - November 13

In the wake of President Trump's re-election, the cryptocurrency market has experienced significant developments. Bitcoin's price has surged to over $93,000, driven by strong U.S. demand and optimism about favorable regulatory changes. Robinhood has expanded its cryptocurrency offerings by adding Solana (SOL), Pepe (PEPE), Cardano (ADA), and XRP, reflecting increased investor interest. Additionally, PayPal's stablecoin, PYUSD, has integrated with LayerZero, enabling cross-chain transfers and enhancing its utility across multiple blockchain networks.

Top Stories

  • Bitcoin surges past $93,000 amid strong U.S. demand and optimism following President Trump's re-election.

  • Robinhood adds SOL, PEPE, ADA, and XRP to its platform, expanding its cryptocurrency offerings in response to growing investor interest.

  • PayPal integrates PYUSD with LayerZero, enabling cross-chain transfers and enhancing the stablecoin's utility across multiple blockchain networks.

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TOP STORIES

Bitcoin Surges to New Record Over $93K as Strong U.S. Demand Crushes Resistance Level

The move came as U.S. markets opened for trade, suggesting strong demand from American investors.

www.coindesk.com/markets/2024/11/13/bitcoin-surges-to-new-record-over-93k-as-strong-us-demand-crushes-resistance-level

Robinhood Adds SOL, PEPE, ADA, XRP Following Trump Victory

Crypto-friendly Donald Trump’s win in the U.S. presidential race will likely result in a change in leadership at the Securities and Exchange Commission.

www.coindesk.com/business/2024/11/13/robinhood-adds-sol-pepe-ada-xrp-following-trump-victory

PayPal USD Integrates LayerZero To Unlock Cross-Chain Transfers - "The Defiant"

PayPal USD has integrated LayerZero's Omnichain Fungible Token to enable cross-chain transfers between Solana and Ethereum.

thedefiant.io/news/tokens/paypal-usd-integrates-layerzero-to-unlock-cross-chain-transfers

FUNDRAISING

0G ecosystem secures $290m to build decentralized AI operating system

Zero Gravity Labs has raised a $40 million seed investment from major venture capital firms, following a $35 million pre-seed earlier this year. 

crypto.news/0g-ecosystem-secures-290m-to-build-decentralized-ai-operating-system

Coinbase Acquires Utopia Labs to Accelerate On-Chain Payments Innovation

Coinbase is intensifying its commitment to on-chain payments by acquiring the Utopia Labs team, a strategic move aimed at advancing the development of on-chain payment solutions within Coinbase Wallet.

blockster.com/coinbase-acquires-utopia-labs-to-accelerate-on-chain-payments-innovation

OTHER HEADLINES

Bitcoin at $100k very possible before EOY, analysts say

The market is due for a breather, but analysts expect bitcoin's price to continue moving up in the coming weeks.

blockworks.co/news/bitcoin-100k-very-possible

Kraken exec sees crypto ETFs hitting $50bn as three types of ‘boss allocators’ pile in

"I don’t really see anything holding back the big increase in demand," said Kraken’s head of strategy, Thomas Perfumo.

www.dlnews.com/articles/markets/kraken-exec-sees-etf-inflows-doubling-as-allocators-pile-in

Trump Considers Pro-Crypto Officials To Head SEC - "The Defiant"

Trump's team is reportedly vetting several former and current pro-crypto SEC commissioners to potentially head the agency moving forward.

thedefiant.io/news/regulation/trump-considers-pro-crypto-officials-to-head-sec

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