GM Readers. Your daily dose of BitDegree insights is ready š
Today's selection:
- š The Simpsons playfully roast NFTs in their latest Halloween episode!
- š Binance is slipping in the spot market race while its competitors are gaining momentum.
- š° Bite-Sized News
- š Selected Meme of The Day
Find out more about the Fear & Greed Index here. 
Prices as of 10:00 AM EST. Click here to see live data.
On November 7th, Bitcoin celebrated hard with wild price swings as a "short squeeze" sent the market racing toward the $36,000 mark!
In the grand finale, short-sellers were in a hot seat as Bitcoin rapidly surged, nearly reaching $35,900.
Trending
The Simpsons playfully roast NFTs in their latest Halloween episode!
The Simpsons aren't holding back! They've taken a hilarious swing at NFTs in their Halloween special, 'Wild Barts Can't Be Token.'
Our team had a hilarious time, laughing after watching that episode. š
If you haven't seen this masterpiece yet, then go and check it out š
They dig at the NFT craze and the FOMO that drives the market.
Watch as Marge becomes a digital token, journeying through a virtual world filled with parodies of famous NFT collections like Bored Ape Yacht Club and Doodles.
It gets even crazier as the virtual adventure is fueled by literal FOMO, and Homer himself gets caught up in the hype, only to see the market crash in a blink!
But they didn't stop there – the show pokes fun at the creators and their 'Golden Moments' NFT collection with Disney+ and VeVe.
Even VeVe responded with a chuckle.
Famous digital artist Beeple loved being part of the show, and the NFT community on Crypto Twitter had a blast despite the teasing.
This episode's impact was instant.
- Italian artist Rino Russo released 'Springfield Punks,' an NFT collection that mixed Simpsons and CryptoPunks, and it sold out like hotcakes. $2.6 million worth in just 24 hours!
Exchanges
Mudrex Review: Pros & Cons š
Mudrex is a crypto investment application made for retail investors.Now, you might be wondering – is Mudrex safe and legit, what kind of features it offers exactly, what are Mudrex fees, and how to use Mudrex?
Let's take it one step at a time.
Our team made an in-depth analysis of Mudrex, if your priority is the safety and security of your funds, you should definitely check them out!Read the review »
Exchanges
Binance gets left behind as rivals speed ahead in the spot market!
Binance, the top dog in crypto trading volumes, is losing its grip as its market share drops to 40% in 2023 from 62% just a year ago.
A study by 0xScope points to Binance's listing strategy as a possible cause, with most coins taking a hit after joining the exchange.
Meanwhile, Upbit, a South Korean exchange, tripled its share to 15.3% in the same period.
Considering all crypto trading, Binance still leads with 51.2% in October 2023, but that's down from 54.6% a year earlier, indicating rivals like OKX are gaining ground.
- The rise of exchanges like Bybit, Bitget, and MEXC Global, which 0xScope dubbed " second-tier, " is shaking things up. With a 42.3% market share, they challenge Binance and OKX.
Huobi and others are now "third-tier" players, highlighting the evolving and competitive crypto trading landscape.
It's a clear reminder of how market dynamics and strategic decisions can flip the script.
