Dogecoin flips Porsche, trader turns $160 into $5.6M, and more: Hodler’s Digest, Nov. 24 – 30

Top Stories of The Week

Dogecoin Surpasses Porsche with DOGE ETP and Musk's Endorsement

Dogecoin has surpassed the market capitalization of luxury carmaker Porsche, driven by Elon Musk's support and the potential launch of an exchange-traded product for the memecoin.

ZachXBT Alleges Ex-Fortnite Player Involved in Memecoin Scams

Blockchain sleuth ZachXBT alleges that a former professional Fortnite player and blockchain security analyst was involved in memecoin scams that resulted in approximately $3.5 million being stolen.

Bitcoin CME Futures Reach $100K for the Second Time

On November 29, Bitcoin futures on the Chicago Mercantile Exchange (CME) rose to $100,200 for the second time in a week, renewing hopes that Bitcoin's spot price will follow suit.

Solana Memecoin Trader Turns $160 into $5.6M

A Solana-based memecoin trader transformed a $160 investment into millions after purchasing tokens associated with a viral internet meme.

Crypto Hackers Steal $71M, Bringing Year-to-Date Total to $1.48B

Cryptocurrency hackers continue to damage the industry's reputation, with the yearly value stolen through cyberattacks approaching $1.5 billion.

Winners and Losers

At the end of the week, Bitcoin (BTC) stands at $97,414, Ethereum (ETH) at $3,591, and XRP at $1.76. The total market capitalization is $3.39 trillion, according to CoinMarketCap.

Most Memorable Quotations

• "I am not against memes, but meme coins are getting a little weird now. Let's build real applications using blockchain." - Changpeng CZ Zhao, founder and former CEO of Binance
• "Institutions want to hide payments, workflow, daily work, who they pay, and when. If you have Bitcoin or Ethereum balances, those things are very relevant to other people." - Avidan Abitbol, project director at Data Ownership Protocol
• "The industry is always one attack away from massive damage." - Mitchell Amador, founder and CEO of Immunefi
• "Were really waiting to see that exuberant move, and then well look at that rotation of capital." - Pav Hundal, lead market analyst at Swyftx
• "I was discussing bitcoin with an investor yesterday and he replied somewhat dismissively Its just like buying gold. No, its like buying gold in 1000 B.C." - Dan Morehead, founder of Pantera Capital
• "Altcoins should focus on developing independent strategies to attract new capital rather than relying on Bitcoins momentum." - Ki Young Ju, founder and CEO of CryptoQuant

Cardano Founder Predicts Bitcoin DeFi Dominance in 3 Years

Cardano founder Charles Hoskinson believes that decentralized finance (DeFi) in the Bitcoin ecosystem will dominate all other crypto DeFi within three years.

FUD of The Week

Over 8,600 Solana Wallets Linked to $21M DEXX Hacker

Crypto security firm SlowMist identified over 8,600 Solana addresses suspected of being linked to the DEXX hacker, responsible for losses to at least 900 users.

North Korean Hackers Expand Social Engineering Operation to IT Firms

Hackers affiliated with North Korea have expanded their social engineering scams to infiltrate hundreds of multinational IT corporations, aiming to steal cryptocurrencies.

Ex-Binance Employee Sues UK Exchange, Alleging Bribery

A former senior employee of Binance has filed a lawsuit against the exchange's UK arm, alleging bribery and unfair dismissal.

Top Magazine Stories of The Week

• Charles Hoskinson, Cardano, and Ethereum for the Record
• Dragon Ball, One Piece Studios Web3 Game, Sun is Top Trump Crypto Holder: Asia Express
• 5 Incredible Use Cases for Based Agents and Nears AI Assistant