Bitcoin rose above $99,000
On November 22, Bitcoin renewed its historical maximum, reaching $99,300. At the time of writing, its value is hovering around $98,500. The market capitalization of the first cryptocurrency has exceeded $1.958 trillion, almost equal to the capitalization of Google. The crypto market fear and greed index reached 94 points, indicating "extreme greed" among investors.
Trading volume on the Ethereum blockchain reached $7.13 billion
On November 15, the daily volume of on-chain transactions on Ethereum reached a 2024 record of $7.13 billion. Over the past two weeks, this figure has skyrocketed by 85%, increasing from $3.84 billion on November 1. Between November 9 and 15, a record $515.2 million was sent to projects, and over the past few days, investors have withdrawn $162.8 million from the network.
Solana rate rose above $245
On November 18, Solana's price rose above $245, its highest level since December 2021. The main driver of the growth was record-breaking network fees of $9.3 million. The increased activity on the blockchain was due to a return of interest in meme coins, which again attracted the attention of investors.
Bitcoin mining difficulty exceeded 102 T for the first time
Since the last recalculation, Bitcoin mining difficulty has increased by 0.63%, reaching a historical record of 102.29 T. The average hashrate for the two-week calculation period has increased to 755.3 EH/s.
According to Glassnode, on November 18, the smoothed 7-day moving average of the network's computing power was 738.4 EH/s, and at its peak, this figure reached a record 755.8 EH/s. In turn, according to the Hashrate Index, the hash price has risen to $58.6 for each PH.
Scammers returned $129 million to an inattentive user
An anonymous user transferred $129 million in USDT to scammers by accidentally copying an erroneous address from his transaction history. Unlike most similar incidents, the owners of the fake address returned the funds within six hours.
Analysts note that a suspicious address was added to the victim's transaction history, the last characters of which matched one of the user's known wallets. Without checking the address, the victim sent the funds to the scammers' wallet.
This is a typical example of the "address poisoning" scheme, when attackers create an address that looks like the one the victim is used to. They send a small transaction to this address, which is saved in the recipient's history, hoping that the recipient will not check the full address the next time they send funds and copy it by mistake.
Some X users, surprised by such a quick refund, assumed that the scammers were scared of a large sum and decided to return the money.
Justin Sun: "I’m thrilled to announce that I’ve bought the banana"
Tron founder Justin Sun has become the owner of an art object by Italian artist Maurizio Cattelan, "The Comedian", paying $6.24 million for it. This work is a banana glued to the wall with ordinary sticky tape. At the Sotheby's auction, seven participants, including Sun, competed for the lot.
The starting price of $800,000 quickly soared, and in just a few minutes, the art object rose in price to a multi-million dollar amount. The bidding ended with Justin Sun's bid of $5.2 million, and an additional $1 million was made up of the auction house's commission. The Sotheby's lot page indicated that payment could be made in cryptocurrency, but the new owner did not disclose which payment method he chose.
