Metaverse Projects Rally After Facebook’s “Meta” Rebrand – November 1

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $61,953

Bitcoin price has begun the week just under the $62,000 mark, after a weekend of relatively low volatility.

Top-20 altcoins have performed well over the last 24 hours of trading, as Ethereum gains 3%, Solana rallies 10% and Shiba Inu recovers 13%.

Top Stories for November 1, 2021 πŸ”₯

πŸ‘‰ Metaverse Projects Rally After Facebook’s “Meta” Rebrand

Cryptocurrency tokens connected to Metaverse projects have rallied following Facebook’s rebrand to “Meta”, as the sector gains a new wave of global attention.

Facebook made the announcement at their digital event, Connect 21, via a presentation that was over an hour long.

Decentraland’s MANA token in particular attracted a 49% gain price gain within a day after the announcement. MANA powers the project’s virtual world.

πŸ‘‰ Burger King To Give Away Crypto Via Robinhood Partnership

Burger King will be giving away cryptocurrency to US loyalty program customers, when they spend more than $5 via the Burger King app.

The rewards are being facilitated via a partnership with retail trading platform Robinhood, which will see the fast food chain give away a total of 20 Bitcoin, 20 Ether and 2 million Dogecoin.

πŸ‘‰ Justin Sun Withdraws Billions From DeFi Protocol Aave

Justin Sun, the founder of the Tron blockchain, has withdrawn billions of dollars in liquidity from Aave, a major DeFi project.

There has been speculation that the withdrawal was made as.a result of unproven rumors that there is a vulnerability in Aave’s smart contracts.