Cryptocurrency news digest for the night of November 29, 2024

According to the latest data, the market capitalization of digital coins is 3.49 trillion. Bitcoin (BTC) is trading just above that at $96,085. The value of ether (ETH) is around the $3570 mark. The Virtuals Protocol (VIRTUAL) project has attracted significant attention over the past 24 hours, breaking into the top 100 in terms of capitalization and reaching a value of $1.38. Also notable was Algorand (ALGO), which rose in price by 21.2%.

Boyaa Interactive purchases

Representatives of Boyaa Interactive, which is called “Hong Kong MicroStrategy”, reported the exchange of 14.2 thousand ETH for 515 BTC with a total value of about 49.48 million. Thus, the total volume of bitcoins in the assets of the organization reached 3,183 coins. Their average value is $57,724 per piece. This strategy of acquiring cryptocurrency resembles the approach of MicroStrategy, widely known for its large investments in bitcoin.

Miners are investing billions in their business

TheMinerMag reported that publicly traded mining companies have invested 3.6 billion in infrastructure and equipment since the start of 2024. At the same time, spending in Q3 of this year was the highest since the beginning of 2022, indicating confidence in the industry’s continued growth.

Binance Labs’ interest in Astherus

Binance Labs has recently invested in the Astherus project. The company plans to launch a Layer-1 blockchain that supports multi-asset staking, as well as use the BNB token to pay commissions. This could improve the efficiency of DeFi protocols and attract new users.

Awards from Coinbase

Against the backdrop of global changes in the crypto segment, major platforms are adapting their approaches. For example, Coinbase representatives announced that they will stop charging rewards to USDC holders in the European Economic Area from December 1 due to MiCA regulation coming into force.

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Insights from an Ethereum developer

Justin Drake: Ethereum Foundation is investing tens of millions in zkVM (zero-disclosure virtual machines). Currently 3 projects are focusing on zkRISC-V formal verification, Poseidon cryptanalysis, and L2beat for zkVM. Some zkVMs are designed to be compatible with EVMs, allowing creators to directly port existing smart contracts.

VIRTUAL quotes rise amid news from Korea

Bithumb, South Korea’s second largest exchange, has launched trading pairs with VIRTUAL and the Korean won. VIRTUAL is a proprietary token of the Virtuals protocol on the Base chain that supports trading, co-ownership and management of artificial intelligence agents on the chain.