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On November 1, the U.S. Bureau of Labor Statistics released its October 2024 employment update, which sent ripples through the Bitcoin market. The unemployment rate remained steady at 4.1%, in line with expectations.

The U.S. Department of Justice has filed charges against Aleksei Andriunin, the 26-year-old Russian founder of Gotbit, alleging his involvement in a large-scale cryptocurrency market manipulation scheme. According to investigators, Gotbit provided services that artificially boosted trading volumes for tokens of various crypto companies, including some based in the U.S., with the intent to manipulate prices.

The research company 10X Research, known for its reliable forecasts, predicts another wave of “gold rush” enthusiasm in the crypto market. According to their model, Bitcoin could soar to an impressive $100,000 by January 2025!

While many market participants are still banking on an Uptober surge, Deribit’s options platform puts the probability of BTC reaching $100,000 by year’s end at only 10%.

The developers of Sky (previously known as MakerDAO) are weighing the possibility of bringing back the original Maker brand. While the new USDS token has seen success, surpassing $1 billion in market cap just two weeks after its launch, the rebrand has faced several challenges.

Ripple, a leading digital asset infrastructure provider, has announced its partners for the launch of the RLUSD stablecoin. Bitstamp, Uphold, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish will be collaborating on this initiative. Market makers B2C2 and Keyrock are also on board to support RLUSD’s liquidity.

Digital assets played a large part in the US Treasury's 2024 Q4 report. In the 132-page presentation to the Treasury Borrowing Advisory Committee (TBAC), ​​ the agency introduced different financial aspects, including the rapid growth of stablecoins, tokenization, and their use in the Treasury Market.

Tether’s USDT has reached a new record-high market cap of $120 billion. This increase reflects the growing demand for cryptocurrencies, with stablecoins like USDT playing a key role in providing liquidity quickly and efficiently.

Pony.ai, an innovative startup developing autonomous driving technology, will officially file for an Initial Public Offering (IPO) in the U.S. this week.