Latest Crypto News Highlights - November 11, 2023: 📰🗞🔥🔥🚀🚀🎯🎯
1. **Bitcoin Soars Beyond $37K with $206.48M Shorts Liquidated:** A short squeeze led to $206.48 million in liquidations, propelling Bitcoin past $37,000. Ethereum surged 10% following BlackRock's filing for a spot ETH ETF with NASDAQ.
2. **Solana's SOL Records 20% Rally, Dispelling 18-Month Woes:** Solana's SOL token surged 20% in a single day, driven by new projects on the blockchain and heightened institutional investor interest, erasing 18 months of challenges.
3. **Midas: A Yield-Bearing Stablecoin Investing in U.S. Treasuries Launches:** Midas, a new yield-bearing stablecoin, debuts, focusing on secure investment in U.S. Treasuries to offer crypto asset investors stability and yield.
4. **Hodlnaut Faces Liquidation Amid Market Volatility:** Crypto lender Hodlnaut, which suspended withdrawals and deposits in August due to market volatility, is set to be liquidated according to a court filing.
5. **Celsius Network's Bankruptcy Reorganization Plan Approved:** The court greenlights Celsius Network's bankruptcy reorganization plan, scheduled for implementation by early 2024.
6. **International Anti-Crypto Tax Evasion Deal Starts in 2027:** A global initiative involving 48 countries aims to combat crypto tax evasion, requiring exchanges to share customer data with tax authorities starting in 2027.
7. **UBS Group Enables Crypto ETF Trading for Wealthy Clients in Hong Kong:** UBS Group's affluent clients gain access to crypto ETF trading in Hong Kong, reflecting increasing institutional interest in crypto assets.
8. **EU Parliament Passes Data Act With Smart-Contract Kill Switch Provision:** The EU Parliament approves the Data Act, featuring a smart-contract kill switch provision empowering regulators to deactivate contracts during emergencies or security breaches.
For further details, refer to your preferred crypto news outlet.
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