Hodler’s Digest, Nov. 24 – 30 – Cointelegraph Magazine

Top Stories of The Week

Dogecoin flips Porsche market cap as DOGE ETP, Musk drive rally

Dogecoin has surpassed the market capitalization of luxury automaker Porsche, driven by endorsements from Elon Musk and the potential launch of an exchange-traded product for the memecoin.

Dogecoin has risen 175% during the past month to a $57.8 billion market capitalization, surpassing Porsche’s $56.1 billion market cap, as of 8:34 am UTC on Nov. 27, Cointelegraph data showed.

Dogecoin has had significant momentum in 2024, partly driven by continued social media endorsements from billionaire Elon Musk. Musk’s recent involvement in creating the nascent Department of Government Efficiency (DOGE), an agency aimed at cutting government spending and streamlining regulations, has further stoked interest.

ZachXBT alleges former pro-Fortnite player helped steal $3.5M via memecoin scams

Pseudonymous blockchain sleuth ZachXBT alleged a former professional Fortnite player and blockchain security analyst from Australia was involved in memecoin scams that resulted in about $3.5 million being stolen. 

In a Nov. 27 thread published on X, ZachXBT said wallet addresses tied to former pro-Fortnite player Serpent had “high exposure” to several Pump.fun memecoin scams involving hacked social media accounts.

Serpent, who was expelled from the esports organization “Overtime” in June 2020 for alleged cheating, according to gaming TV network Ginx TV, was also known on X as a security analyst and a founder of a threat mitigation system called Sentinel.

Bitcoin CME futures hit $100K for the second time in a week: Will BTC spot price follow?

On Nov. 29, Bitcoin futures on the Chicago Mercantile Exchange (CME) rose to $100,200 for the second time in seven days after initially hitting the milestone on Nov. 22. Bitcoin’s spot price has yet to reach $100,000, but the cryptocurrency shows promise as it briefly hit an intraday…

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