GM. Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading. The XRP army will be very happy with today’s recap.

Plus the latest crypto news stories in the last 24 hours.

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Market Analysis and Updates 📈

Here are the crypto highlights of the day:

Crypto Price Update

• Bitcoin (BTC): $91,501.36, up 4.1% over the last 24 hours.
• Ethereum (ETH): $3,115.41, up 0.4% over the last 24 hours.
• Solana (SOL): $219.58, up 3.2% vs the previous day.

Trending Coins Update

• Mister Miggles: $0.1606, up 92.4% vs the previous day.
• Sad Hamster: $0.0363, up 28.2% over the last 24 hours.
• BNB: $619.67, down 2.2% vs the previous day.

For the daily price update, check out our post on Facebook.

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XRP Surges 66% Amid U.S. Regulatory Shift

XRP surged as much as 66.8% in the last 7 days, outperforming Bitcoin and other major cryptocurrencies.

The numbers:

• At the time this article was written, XRP is at $0.9168, its highest price since December 2021.

Context:

• This price action followed the news that many U.S. states are suing the SEC and its chairman Gary Gensler.
• Also, shifting regulatory climate, notably a friendly incoming U.S. administration allowed many SEC-tagged “securities” to rally.
• Another possible catalyst is the inclusion of XRP in Bitwise’s filing to list the “Bitwise 10 Crypto Index Fund (BITW) as an ETP, causing Ripple CEO Brad Garlinghouse to comment:

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Philippine Crypto News 🇵🇭

• Coins.ph’s Coins Convert listed $SAMO (Samoyedcoin).
• Superteam Philippines‘ members and Radar Team won second place at Circle ProDev Hackathon bringing home $12,000 in USDC.
• YGGshared that guilds can now sign up for the Onchain Guilds, free entrance fee to GAP S8for the first 30 Guilds with at least 50 members to register.

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Noteworthy 🌟

Key updates and announcements from around the crypto and blockchain world:

• Crypto influencer Kevin Mirshahi, abducted in June, was found dead in October, amid investigations into his cryptocurrency activities.
• Pepe’s market cap briefly surpassed $10 billion following a 77% price surge.
• Sygnum’s 2024 survey revealed that 57% of institutional investors plan to increase their crypto allocations.

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Educational Corner 🎓

• After Top Dawg: The Hunt for Satoshi, there is another new dog-inspired game in Telegram. Check out this guide for PAWS.
  • It is a Telegram mini-app launched on October 29, 2024 that lets users earn cryptocurrency by engaging with the app and participating in social tasks, with no need to play games.

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Regulation Watch 📜

Stay informed about the latest regulatory updates and what they mean for you:

• Republicans have retained control of the U.S. House, likely bringing in crypto-friendly lawmakers to lead the House Financial Services Committee.
• Republican Rep. French Hill has called for a suspension of ongoing rulemaking by federal agencies, including the SEC, following Trump’s presidential win. 
• Minneapolis Fed President Neel Kashkari, once a vocal crypto critic, now says he will keep an open mind.

Meet Morris Perico (LinkedIn): He is actively involved in the blockchain and gaming communities in the Bicol region.

• Perico is the COO of MetaGaming Guild & Astra Interactive Studio.
• He is one of the speakers for the upcoming Bicol Blockchain Conference.
• Perico was also one of the speakers at the first-ever Bicol Traders Meet last September.

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More Web3 and AI News 💡

Discover the latest in web3 and AI innovation.

• Bubblemaps, a blockchain analyzer, updated its app with AI to track insider-controlled tokens and enhance transparency across multiple chains.
• Jito, a Solana-based MEV protocol, recently experienced downtime causing Solana transaction fees to spike by 25-30x.
• Coinbase acquired stablecoin processor Utopia Labs to enhance on-chain payments within Coinbase Wallet and Base.

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The future of web3 is gaming, and here are the latest news.

• Mobile game Fableborne is shifting from Avalanche to Ethereum’s Ronin network, citing Ronin’s strong gaming community as a key reason.
• Bullieverse’s Necrodemic launched on the Epic Games Store, featuring three PvE modes and upcoming airdrop tournaments.
• Epoch 1 of Legendary Heroes Unchained adds NFT heroes, a Guild System, and a marketplace, enabling players to earn rewards and trade assets through gameplay.

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Event Announcements 📅

Don’t Miss Out: Upcoming events, webinars, and meetups in the crypto space in the Philippines!

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Stay Connected:

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This article is published on BitPinas: XRP Surges Finally To Three-Year High | Key Points | Nov. 16, 2024