SBF’s Every Accusation Confirmed – PayPal Faces SEC Over PYUSD Stablecoin – New License Agreement from Ripple

Every Accusation of SBF Confirmed

Former FTX and Alameda CEO Sam Bankman-Fried pleaded guilty to all seven charges related to defrauding FTX’s customers, lenders and investors, Inner City Press reported. In addition to fraud, SBF’s charges included securities fraud and money laundering. After the verdict, SBF’s lawyer Mark Cohen said they respected the jury’s decision but were very disappointed. However, he said he would defend SBF’s innocence and continue to fight the accusations. It is known that SBF faces up to 115 years in prison.

PayPal Faces SEC Over PYUSD Stablecoin

Payment giant PayPal has received a subpoena from the United States Securities and Exchange Commission (SEC) regarding its stablecoin pegged to the US dollar. The SEC’s enforcement division sent PayPal a subpoena regarding the PayPal USD stablecoin. The company filed its 3rd Amended Complaint with the SEC on November 2nd. officially announced in its quarterly financial report.

New License Agreement from Ripple

Ripple, a leader in enterprise blockchain and crypto solutions, today announced that the Dubai Financial Services Authority (DFSA) has approved the digital asset XRP for use in the Dubai International Financial Center (DIFC). Licensed virtual asset firms within the DIFC will now be able to incorporate XRP into their virtual asset services.

Analysts Say Several Weeks of Rally Is a Price Correction

Solana outperformed all other blue chips in a 27% rally this week, but the altcoin is down over 7% in the last 24 hours. Some analysts suggest that Solana’s impressive market move was merely a price rebound after being undervalued for an extended period. “The recent surge looks more like a price recovery as the token has been undervalued for a long period of time,” YouHodler Chief Market Officer Ruslan Lienkha said. “Solana suffered a dramatic drop in value after FTX’s implosion and the token missed the upward trend in the crypto market from the beginning of this year,” he added.

New Infrastructure Upgrade from Render Foundation

The Render Foundation announced that Render Network, the world’s leading decentralized computing network, has successfully upgraded its core infrastructure from Ethereum to Solana. RNDR token holders can now migrate their tokens from the Ethereum blockchain to the Solana blockchain using the Upgrade Assistant at

Proshares Announces Ether ETF with Short Direction

ProShares, a major exchange-traded fund (ETF) issuer, announced the launch of an Ether-linked short ETF on November 2. ProShares’ new Short Ether Strategy ETF will begin trading on the New York Stock Exchange Arca under the symbol SETH. This ETF is designed to offer investors the opportunity to profit from Ether’s volatility.

Injective Integrates Kava into Its Ecosystem

Injective has integrated Kava to expand access to stable assets such as USDt. This collaboration comes on the heels of Kava’s announcement that it will have the support of the Tether foundation to issue USDt natively within the broader Cosmos ecosystem. The cooperation will include direct IBC bridging of USDt from Kava to Injective.

St. Wales Kantonalbank Works with SEBA Bank to Offer Bitcoin and Ethereum to Swiss Customers

St. Galler Kantonalbank (SGKB), Switzerland’s fifth-largest cantonal bank, is offering its customers the chance to buy and trade cryptocurrencies, a move that expands the country’s adoption of digital assets beyond wealthy clients to individual customers. Founded in 1868 and with 35 branches in the east of the country, SGKB is working with SEBA Bank, a FINMA-regulated digital asset specialist that helps the regional bank offer Bitcoin (BTC) and Ether (ETH) custody and trading services.

Avalanche Expands Forex Market in Africa with Baki Launch of Canza Finance

Canza Finance, a crypto startup that aims to provide a suite of permissionless, on-chain DeFi products using tokenized African fiat currencies, has launched Baki, a stablecoin platform on Avalanche that aims to support a range of fiat currencies across Africa. Canza’s launch of Baki locally on Avalanche is the first move to bring forex trading to emerging markets.

Three Whale Addresses, Long Dormant, Are Now in Action

Three Bitcoin whale addresses, dormant since November 2017, transferred 6,500 BTC on November 2, estimated to be worth $230 million. According to data from Bitinfocharts, the first wallet transferred 2,550 BTC, estimated to be worth $90 million. A second address transferred about 2,000 BTC worth $71 million and a third address transferred about 1,950 BTC worth $69 million.

Visa Successfully Completes Digital Hong Kong Dollar Pilot Program

This initiative focuses on tokenized deposits using central bank digital currencies, revolutionizing interbank B2B payments. Visa, a leader in payment technology, has completed a pilot test in collaboration with HSBC and Hang Seng Bank. Part of the “Digital Hong Kong Dollar” pilot program organized by the Hong Kong Monetary Authority (HKMA), the program offers new solutions for secure and efficient financial transactions. The Digital Hong Kong Dollar pilot program unlocks the vast potential of tokenized deposits, providing a solution to the interbank B2B payments space, particularly property payments and payments between payment institutions and merchants.

Bitcoin Miner Northern Data Borrows $609 Million from Tether

Northern Data, Europe’s leading Bitcoin miner and data cloud provider, announced that it has secured a €575 million (over $609 million) debt financing facility from stablecoin issuer Tether after signing a loan agreement. Operating under standard market conditions, the facility is unsecured and will mature on January 1, 2030 and is expected to enable Northern Data Group to further invest in its three business lines – Taiga Cloud, Ardent Data Centers and Peak Mining.



Bitcoin is priced at $ 34,426 with a 1.43% loss in value as of today morning hours. It had broken the pennant structure with the interest rate decision on Wednesday remaining unchanged, but it entered the structure again. In order to see this move as a correction, we need to see a reaction at $33,500. Where we are now, at $34,250, is a good support. If it rises above $ 35,000 again, it can go up to $ 38,000.


ETH, which lost 0.45% as of morning hours, is priced at $ 1793. 1760 is a very strong support, although it is not positive that it cannot provide permanence above $ 1800. With the reaction it will get from $1760, it can rise above the $1800 level again. If it does not find enough strength, a test to $1720 and then to $1700 may take place.


XRP is pricing at $0.5950 with a 1.70% loss in value as of morning hours. Above $0.60 did not provide much permanence, but above $0.55 is quite positive for Ripple. After a retest around $0.5881, we are likely to see the $0.62 level again. A strong downside break of 0.5881 could take the price first to 0.57 and then to 0.55.


AVAX is priced at $ 11.60 with a 2.36% loss in value as of morning hours. After climbing up to $ 12.50, it retested to $ 11.80, but it broke downward and came down to its next support, that is, to the level of 11.50. In an upward movement from here, the first target will be to break $ 11.87 again, followed by a persistence above $ 12. In the continuation of the downward movement, $ 11 seems to be the next strong support position.


SOL is priced at $ 38.61 with a 4.05% loss in value as of morning hours. Rising to $ 48, SOL fell to $ 38 after facing selling pressure at this level. It may be possible to evaluate this movement as a correction of the uptrend that has been going on for about two weeks. When we examine the support points, the closest support point is 37 dollars. If it falls below this level, it may be possible to retreat to the level of 36 dollars. In upward movements, the $40 level may work as a resistance level for SOL.


As of morning hours, LINK is pricing at 10.782 with a 20.4% loss in value. At its peak, it rose as high as $12 and then fell to $10,700. The reactions from this level are important for the continuation of the upward movement. When we examine the support points, it seems that 10,500 and lower 10 dollar levels are important. In upward movements, the $ 11 level can be followed as resistance.

MKR is pricing at 1297 with a 0.84% depreciation as of morning hours. When we examine the 12-hour chart, we see that a rectangle-like pattern has broken downwards. If the downward movement continues, the 1270 level and lower 1200 level can be followed as support. In upward movements, the 1350 level can be followed as a resistance level.

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