🚀 Crypto Surge Nov 8: UniFAI Rockets 123% as Bitcoin & Ethereum Rally

Altcoins steal the spotlight while blue-chips grind higher—classic crypto theater.

UniFAI’s parabolic pump: The obscure token defies gravity with a 123% single-day surge, leaving 'fundamentals' in the dust. Meanwhile, BTC and ETH post steady gains—because even dinosaurs can moon when the FOMO faucet drips.

Bitcoin’s slow-motion rally: Up, but not enough to shut up the 'dead cat bounce' crowd. ETH plays wingman—solid, unspectacular, and still the only smart contract chain Wall Street interns can name.

Market psychology check: Retail piles into shitcoins, institutions DCA into BTC, and everyone pretends this time is different. (Spoiler: It never is.)

Closing shot: Another day, another altcoin pumping on vaporware promises. At least Bitcoin’s volatility is now slightly less terrifying than a mid-cap biotech stock—progress?

Major Crypto Events Today

Source: Forex Factory

24 Hour Crypto Market Update

• Bitcoin $102,967, representing a 0.7% rise in the past 24 hours. With $93 billion in trading volume and a $2 trillion market cap.

• Ethereum trades at $3441.59, up 4.1% in the last 24 hours, with a $416 billion market cap and $38 billion in trading volume.

• Internet Computer (ICP) rose 23.1% to $8.09, with a trading volume of $1.4 billion

• DeAgentAI (AIA) surged 46.8% to $9.88, with $256 million in trading volume.

• NEAR Protocol (NEAR) climbed 29.8% to $2.71, with trading volume topping $1.6 billion

• Pudgy Penguins (PENGU) gained 10.2% to $0.0159, with trading activity $283M

• Zcash (ZEC) inched up 14.6% to $634.86 with trading volume of $4.2 billion.

• UnifAI Network (UAI) jumped 123.4% to $0.2038, with TV $107M

• Humanity (H) surged 98.4% to $0.227, with TV $293M

• Firepool (FIRE) climbed 93.1% to $0.099 with a TV $4M.

• ElizaOS (ELIZAOS) dropped 100% to $0.01025, with TV $8.6M

• Stables Labs USDX (USDX) plunged 78.1% to $0.1712 with TV $420K.

• Sapien (SAPIEN) declined 29.4% to $0.2465 with a TV $257M.

• Stablecoins hold a market cap of $311 billion with $167 billion in trading volume, representing no change.  

• The DeFi market cap stands at $129 billion, up 6.2% in the last 24 hours, with a trading volume of $10 billion. DeFi dominance remains at 3.6%.

Fear and Greed Index Today

Source: Alternative Me

The crypto Fear & Greed Index currently shows Extreme Fear at 20, down from 24 yesterday and 33 last week, indicating an increasing level of caution among investors. Last month, the index was at 70 (Greed). This sharp drop reflects market uncertainty and recent negative sentiment in the cryptocurrency.

Latest Market News Today

Coinbase has added Aster from the BNB Smart Chain to its roadmap, signaling a future listing. Trading isn’t live yet and will begin once technical and market conditions are met.

JPMorgan’s latest 13F filing shows a 64% jump in its IBIT holdings to 5.28 million shares worth $343 million. The bank also holds $68 million in IBIT call options and $133 million in puts, signaling growing institutional interest in Bitcoin ETFs.

Consumer sentiment dropped to 50.3 in November from 53.6 in October, hit by the ongoing U.S. government shutdown and economic worries. One-year inflation expectations ROSE to 4.7%, while long-term inflation eased to 3.6%..

Finland will implement its domestic Crypto-Asset Reporting Framework (CARF) in 2026. The MOVE makes it one of the first EU nations to act early, with a global crypto data exchange set to begin by 2027.

Trump Media reported $61.1 million in revenue and $10.1 million in operating cash FLOW for Q3 2025, but faced a $54.8 million net loss due to legal costs and changes in crypto valuation. The company expanded into CRO investments and prediction markets with Crypto.com.

Binance’s latest Proof of Reserves snapshot (Nov 1) confirms solid backing across major assets. The exchange holds 606K BTC (102.11%), 4.09M ETH (100%), 37.88M BNB (112.95%), and 34.73B USDT (107.45%), ensuring user funds remain fully backed.

Strategy Inc priced its 10% Series A Perpetual Stream Preferred Stock (STRE), issuing 7.75 million shares at €80 each to raise about €620 million ($715 million). The company will use the funds to buy bitcoin and for general corporate purposes.

Crypto investigator ZachXBT has warned users about fake Hyperliquid apps on the Google Play Store. These scam apps are bypassing standard platform filters. Users are advised to stay alert, as stolen funds are linked to the address 0x8c12C21C394D9174c3b1a086A97d2C5523ABb8F5.

The U.S. Senate is still finalizing two versions of the crypto market structure bill, with markups now likely postponed to December. White House adviser David Sacks remains optimistic after talks with Senators Boozman and Booker about a near-future bipartisan draft.

Bittrex’s bankruptcy filings uncovered over $500 million in suspicious transactions, including fake or duplicate withdrawals. Analysts say these inflated customer balances. The exchange, already fined for compliance issues, filed for bankruptcy in 2023.

CoinGabbar’s Opinion

With the market showing mild recovery but the Fear & Greed Index at Extreme Fear (20), investor sentiment remains cautious. While Bitcoin ETFs and strong exchange reserves boost long-term confidence, short-term volatility persists. Safer bets lie in top assets like BTC, ETH, and major DeFi tokens for stability.

Disclaimer: Coingabbar provides informational content on cryptocurrencies, NFTs, and other decentralised assets. This is not financial advice. Users, please DYOR, understand the risks, and consult financial professionals before investing. CoinGabbar is not responsible for any financial losses. Crypto and NFTs are highly volatile—invest wisely.