Bankless ROLLUP: Post Election All Time Highs | Beam Chain Announcement | Devcon Recap | FBI Raids Polymarket CEO
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Nov 15, 2024 Bitcoin rockets to an all-time high, raising eyebrows about Ethereum's path. The hosts dive into the aftermath of elections influencing crypto markets and the shocking FBI raid on Polymarket's CEO. Highlights from DevCon week shine a light on innovative proposals and the Beam Chain announcement. The growing popularity of meme coins and the surprising adoption of ZK rollups by Deutsche Bank signal shifting tides in finance. With retail investors flocking to platforms like Coinbase, the landscape of cryptocurrency is evolving rapidly.
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Bitcoin's Unprecedented Rise
- Bitcoin hit new all-time highs for seven consecutive days, reaching over $92,000.
- This surge might be due to speculation about a nation-state "tug-of-war" over Bitcoin.
Ethereum ETFs See Positive Inflows
- For the first time, Ethereum ETFs saw substantial positive net inflows, totaling $241 million.
- This followed months of negative flows, indicating a potential shift in investor sentiment.
Coinbase Ranking and Retail Interest
- Coinbase's number one finance app ranking is an indicator of retail investor interest but not necessarily a sell signal yet.
- Real FOMO territory is reached when Coinbase ranks number one across all apps.