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Source: Сointеlеgrаph

This week on The Market Report, regular experts discuss what the consequences would be if the Grayscale Bitcoin Trust collapsed.

We kick off the show this week with the latest news from the markets:

Is GBTC the next BTC price a black swan? 5 things to know about bitcoin this week

Bitcoin (BTC), the largest cryptocurrency, like the rest of the crypto industry, is still very much at risk of downside as it continues to cope with the fallout from the FTX exchange crash.

As November approaches, the word “contagion” is on everyone’s lips – just like the crash of Terra earlier this year – and fears that new victims of FTX’s giant liquidity whirlwind will continue to surface. The Grayscale Bitcoin Trust (GBTC) seems to be on everyone’s radar this week for all the wrong reasons. Will this be the next black swan event? We disclose all details related to GBTC to keep you informed.

The data shows that traders are optimistic even as the total cryptocurrency market capitalization falls below $800 billion.

The total market capitalization of the crypto market has fallen below $800 billion, but the data highlights several reasons why some traders are optimistic. Our very own Marcel Pechman explains why some traders are actually optimistic, and this opinion seems quite counterintuitive. Marseille has some good reasons for doing so, so be sure to tune in to find out.

Cardano to Launch New Algorithmic Stablecoin in 2023

Proof-of-Stake blockchain platform Cardano has partnered with Coti, a layer 1 protocol based on a directed acyclic graph, to launch what it calls an overcollateralized algorithmic stablecoin. The message provided by states that the stablecoin will be backed by excess collateral in the form of a cryptocurrency held in reserve. Do we need another stablecoin? How will it differ from existing stablecoins already in circulation?

CoinMarketCap Launches Proof-of-Reserve Tracker for Crypto Exchanges

CoinMarketCap, a leading market researcher and tracker in the crypto industry, has announced the launch of a new feature on its platform that provides users with up-to-date financial information about exchanges.

The Proof of Reserves (PoR) tracker checks active cryptocurrency exchanges in the industry for liquidity transparency at the moment. According to the announcement, the tracker details the company’s total assets and the addresses of its child public wallets, as well as the balances, current price, and value of the wallets. Our experts talk about the need for such a tool and how it helps the industry.

Do you have a question about a coin or a topic not covered here? Do not worry. Join the YouTube chat and write your questions there, and we will definitely answer them.

The market report is streamed live every Tuesday at 12:00 pm ET (4:00 pm UTC), so be sure to check out the YouTube page and hit the Like and Subscribe buttons for all of our upcoming videos and updates.

Source: Сointеlеgrаph

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