China News Today TheBitTimes.com

The Department of Government Efficiency price soared 81% in the last 24 hours to trade at $0.07051 as of 03:42 a.m. EST on trading volume that skyrocketed 460% to $32 million. The DOGE price pump came as Donald Trump secured his second term as president after defeating Kamala Harris in Tuesday’s US election. Musk, who has been a massive Trump backer, used his social media platform X to call the victory, saying, “The people of America gave Donald Trump a crystal clear mandate for change tonight.” The people of America gave @realDonaldTrump a crystal clear mandate for change tonight — Elon Musk (@elonmusk) November 6, 2024 Trump’s win raised the question of whether Elon Musk would soon be appointed to head a Department of Government Efficiency (DOGE) in the incoming Trump administration. Trump has said he would bring Musk into his second administration to reduce government waste, prompting Musk to call such an effort the ”Department of Government Efficiency,” or DOGE, naming the

Ripple’s native token, XRP, spiked 5% in the indices on US election day as the results poured in. XRP touched a high of $0.53 and is attracting bullish sentiments in the indices. The broader cryptocurrency market remains in the green, with Bitcoin inching toward a 10% climb. The shift in the market trend is due to the US election, as investors remained on the sidelines before the counting. Also Read: Elon Musk To Make Donald Trump Talk About Dogecoin? Apart from Bitcoin Ripple’s XRP, Dogecoin spiked the highest as it surged nearly 25% in the charts on the election results day. The spike comes after speculation that Donald Trump could give Elon Musk a cabinet role if elected. This made investors take entry positions in Dogecoin hoping that the cryptocurrency could soon be endorsed by the President-elect. Also Read: Can US Election Results Propel Bitcoin (BTC) Towards $80K? Ripple: What is Next for XRP After US Election Results? Source – CryptoRank Leading on-chain metrics and price pred

Former Binance CEO Changpeng Zhao has moved to dismiss the Securities and Exchange Commission’s (SEC) amended lawsuit, claiming that the regulator can’t differentiate between crypto securities and Beanie Babies. Binance and Zhao filed the motion to dismiss yesterday while alleging the SEC’s new filing “refuses to articulate any standard for courts, litigants, or market participants to know which crypto-asset transactions qualify as investment contracts, and which do not.”  The SEC filed the lawsuit in June 2023 and amended it last month. It names Binance, BAM Trading Services Inc., and BAM Management US Holdings, alongside Zhao, as defendants.  According to the motion to dismiss, winners and losers are being chosen “arbitrarily” by the SEC and “its non-test cannot differentiate securities from Beanie Babies at the pleading stage.” The filing then singles out five types of transactions that it believes the SEC has misinterpreted within its fresh allegations . ‘Secret’

Ubisoft’s new Champions Tactics NFT game was unplayable this weekend Ubisoft’s latest NFT game, Champions Tactics , was branded “unplayable” during its opening weekend after a bug meant that just two players won every matchmaked game before they could be played. YouTuber and crypto gaming analyst Jauwn disclosed the apparent exploit on X (formerly Twitter) on Saturday. He claimed that the game had been unplayable since Friday and that an alleged malicious actor had found a way to become the only player that other gamers matched with.  Two accounts, Schilleri11 and Paulstar111, were at the heart of the controversy with one of them reportedly ranking at the top of the leaderboards after already playing 56,000 matches.  I tried playing the Ubisoft NFT game. The entire game has been unplayable since Friday. Allegedly, a malicious player has found a way to win every single match before the game even begins. Also he is somehow the only person anyone ever matches against

In what is certainly a sign of the growing reach of the digital asset sector, Deutsche Telekom, the largest telecom provider in all of Europe, has begun testing Bitcoin mining. Specifically, the T-Mobile parent company is testing the process for surplus energy, according to a press release issued Monday. The firm announced the pilot project that would be taking place in collaboration with Bankhaus Metzler, one of Germany’s oldest banks. The project will seek to create a BTC mining infrastructure that is powered by renewable energy, the company notes. Source: Watcher.Guru Also Read: T-Mobile Parent Company Deutsche Telekom to Mine Bitcoin Deutsche Telekom Announces Bitcoin Mining Pilot Project There is no denying the vast growth that the cryptocurrency sector has enjoyed throughout 2024. The launch of crypto-based ETFs in the United States has opened the door to a wealth of new investors. Specifically, institutions like BlackRock and Fidelity have integrated massively with the asset cla

Prediction markets have become popular during this presidential election year in 2024, especially after implementing cryptocurrency payments via Circle’s USDC. Deemed more trusted than the legacy media survey polls, prediction markets have been the go-to place for US election insights. These platforms provide universal access with “skin in the game” rather than opinion surveys or simulations, leveraging financial incentives for accuracy. Interestingly, the prediction markets apparently do not trust the survey polls – which mostly favor a Kamala Harris victory – favoring a Donald Trump victory instead, although by a narrow margin. For that, on November 3, Finbold retrieved data from Polymarket and Kalshi, the two most popular prediction markets by financial volume. Picks for you AI predicts Solana price for year-end 

A closely followed crypto strategist is suggesting that Ethereum (ETH) may be gearing up for a massive breakout. Pseudonymous analyst Inmortal tells his 218,100 followers on the social media platform X that Ethereum looks bullish after holding the $2,400 level as support on the daily timeframe. However, the analyst warns that it may take a while before ETH could potentially have an explosive rally and hit its March high of around $4,000. “I know ETH is the hated coin but: Structure is solid, $2,400 invalidation. Making a lower low feels unlikely. Time cost is what concerns me the most. A lot of better options out there. But even if it takes time, it feels like a high probability setup to go big.” Source: Inmortal/X ETH is trading for $2,525 at time of writing, down slightly in the last 24 hours. Next up, the analyst is expressing bullish sentiment on ETH-based decentralized oracle network Chainlink (LINK). “Believe in something.” Source: Inmortal/X Loo

The Dogecoin price plunged 10% in the last 24 hours to trade at $0.156 as of 3.30 a.m. EST on trading volume that plummeted 11% to $116.63 million. The DOGE price has been fairly sluggish throughout the summer compared to other major meme coins by market cap. However, the oldest meme coin made up for it with a significant price surge during the second half of October, going from a support at $0.10 to a resistance at $0.18. Now, however, with October, historically one of the crypto industry’s most profitable months, being over, the coin suddenly lost its momentum and its price started tumbling back down. DOGE is already closing in on $0.150, which is a level that acted as a major resistance during the past two weeks. If the bearish pressure continues to grow, DOGE might break this resistance-turned-support in the next few hours. Alternatively, if the level holds until the bulls return, DOGE will likely use it as a foothold to launch its recovery. Dogecoin Price Prediction The Dogec