Today's Crypto and Bitcoin News

Solana (SOL) has seen an impressive rally this week, jumping over 25% to touch the $200 mark. This price surge aligns with broader crypto market gains following the U.S. election, which signaled a pro-crypto administration. Solana’s growth also comes alongside key ecosystem developments, including Coinbase’s launch of cbBTC on Solana, the debut of Eclipse, and a memecoin boom led by Pump.fun.   Quick Take SOL’s price jumped 25% this week, fueled by demand and strong on-chain metrics.The $200 level is in focus, with potential to breach higher resistance at $210. Coinbase launched wrapped Bitcoin (cbBTC) on Solana, enhancing DeFi capabilities. Eclipse, the first Ethereum layer-2 network based on Solana, has gone live. Open interest for SOL futures hit record highs, indicating rising institutional interest. Staking deposits surged, reducing SOL’s tradeable supply and strengthening network stability. Record-High SOL Futures Open Interest at 21.1M SOL SOL OI-Weighted Fund Rate | Source: CoinGlass    Solana’s open interest in futures markets has also hit record highs, reflecting strong institutional demand. Futures open interest reached 21.1 million SOL this week, a new high in nominal terms with $4 billion in value. This increase in leverage signals potential for volatility but also highlights SOL’s popularity among institutional investors.   The current funding rate for SOL futures sits at a balanced 0.017%, showing a moderate bullish sentiment without excessive leverage. Such stability could allow SOL’s price to continue its upward trajectory if demand remains strong and liquidations are kept in check.   Read more: How To Arbitrage From Funding Fees Futures/Spot Hedging   SOL Staking Surge: Reducing Tradeable Supply Solana staking performance | Source: Staking Rewards    Staking activity among SOL holders has surged, adding an additional $1.3 billion worth of SOL to staking contracts over the past week. This move reduces the tradeable supply of SOL on exchanges, a trend that tends to support price increases during periods of high demand. Over 397 million SOL are now staked, showing that key stakeholders remain committed to long-term growth and network security.   Higher staking deposits also reinforce Solana’s blockchain, an important factor as the network has experienced stability issues in the past. With additional staked assets, Solana is better equipped to handle increased transaction volumes, which could be crucial in sustaining its growth momentum.   Read more: How to Stake Solana with Phantom Wallet Memecoin Mania on Solana: Pump.fun’s Impact Pump.fun daily volume | Source: Dune Analytics    The rise of Solana-based memecoins has become a significant driver of the SOL token’s recent performance, with platforms like Pump.fun leading the charge. Known as a launchpad for meme tokens, Pump.fun has issued over 3 million tokens, with cumulative token issuance growing by 36% since October. This influx of memecoins has bolstered activity on decentralized exchanges (DEXs) within the Solana ecosystem, including Raydium, which saw over $30 billion in trading volume in October alone.   Goatseus Maximus (GOAT), the leading token on Pump.fun, now boasts a market cap of $835 million. Other top memecoins like Fwog (FWOG) and Moo Deng (MOODENG) also contribute to Solana’s DEX volume, drawing users and investors. Although Pump.fun recently dropped out of the top 10 DeFi protocols by fees, it remains influential within the memecoin sector, driving high transaction fees and contributing to Solana’s on-chain metrics.   Coinbase Wrapped Bitcoin (cbBTC): Expanding Solana’s DeFi Reach In a significant move for Solana DeFi, Coinbase introduced wrapped Bitcoin (cbBTC) on the Solana blockchain. This new asset allows Solana users to access Bitcoin’s liquidity within Solana’s rapidly growing DeFi ecosystem. With cbBTC, Solana DeFi protocols can now support Bitcoin-backed transactions, lending, and other financial services, a critical function that previously required Ethereum bridging or other indirect methods.   This addition also addresses a gap left by the collapse of soBTC, Solana’s previous wrapped Bitcoin token that failed during the FTX exchange crash. As Coinbase’s first native token on Solana, cbBTC provides a high-liquidity option for Bitcoin holders, already circulating with an initial $10 million supply. This development could further enhance SOL’s DeFi ecosystem, offering users more options and aligning with Solana’s broader strategy to expand on-chain utility.   Eclipse Launch: Bridging Ethereum and Solana Another key event in Solana’s ecosystem is the launch of Eclipse, the first Ethereum layer-2 network based on Solana. Eclipse combines the strengths of both chains—Ethereum’s liquidity and decentralization with Solana’s speed and low transaction costs. By leveraging the Solana Virtual Machine (SVM), Eclipse allows users to transact on Ethereum more affordably while benefiting from Solana’s transaction speed.   Eclipse’s launch marks a unique integration that bridges two of the largest blockchain ecosystems, unlocking opportunities for decentralized applications across DeFi, consumer apps, and gaming. The project’s successful $65 million in funding underscores industry interest in this hybrid model, which could play a pivotal role in future blockchain interoperability.   Read more: Solana vs. Ethereum: Which Is Better in 2024?    Solana Price Prediction: Will SOL Break Past Key Resistance at $200? SOL/USDT price chart | Source: KuCoin   With SOL currently trading around $196, the $200 mark is within reach. This psychological level could attract more buying interest if breached, potentially setting up the token to test resistance at $210. A breakthrough here could pave the way for even higher gains, with targets around $225.   However, if SOL encounters resistance, support is anticipated at its Volume Weighted Average Price (VWAP) of $189. A dip below could see SOL retreat to $171, but the recent influx of staking activity and strong open interest indicate that dips may be bought up quickly.   Solana’s Growth Potential: What’s Next? The convergence of key developments in Solana’s ecosystem, from cbBTC’s launch to Eclipse’s debut and the booming memecoin market, indicates sustained growth potential. As Solana’s speed, low transaction costs, and expanding DeFi options attract more users, SOL’s bullish trajectory could continue, especially if market conditions remain favorable and network stability is maintained.   With the $200 level within reach, Solana is positioned to capitalize on its recent gains, and the strong demand from institutional investors and the memecoin sector provides a robust foundation for future price increases. As SOL continues to integrate DeFi and memecoins, it stands to reinforce its role as a leading blockchain in the crypto ecosystem.   Read more: Trump’s Win Sets BTC on Course for $100K, Solana Nears $200 and More: Nov 8

SOL$256.301+0.92%

Bitcoin is currently priced at $75,865 showing a +0.38% increase, while Ethereum is at $2,895, up by +6.36% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 50.1% long versus 49.9% short positions. The Fear and Greed Index, which measures market sentiment, was at 77 yesterday and is now at Greed level at 70 today. With the U.S. presidential election outcome here and the 47th President of the United States announced, the crypto world is experiencing a surge in activity. From political memecoins tied to election outcomes today to major fund inflows driven by political hype, the intersection of politics and cryptocurrency has created a whirlwind of speculation and opportunity.    Donald Trump ’s recent re-election is sending shockwaves through the crypto market as Bitcoin surges to new highs, Solana’s price nears $200, crypto stocks soar and Bitcoin ETFs hit record trading volumes. With a pro-crypto president now in office the market is buzzing with predictions that Bitcoin could reach $100,000 by Inauguration Day.   What’s Trending in the Crypto Community?  The Federal Reserve announced a rate cut of 25 basis points. Ripple’s CEO has called on Trump to swiftly reform U.S. cryptocurrency regulation after assuming office. The market cap of cbBTC has surpassed $1 billion, and Coinbase’s introduction of cbBTC to Solana is expected to encourage DeFi development on the platform. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change RAY/USDT +14.04% UNI/USDT - 4.64% SOL/USDT +3.85%   Trade now on KuCoin   Read More: Trump’s Win Fuels Crypto Hopes as Bitcoin Hits New Highs and Memecoin Platform Pump.Fun Soars $30.5 million: Nov 7   Bitcoin’s Potential to Rocket Towards $100,000 After Trump’s Win Bitcoin smashed through the $76,000 mark on November 6 hitting an all-time high just one day after Trump’s win. Over the past week Bitcoin has risen over six percent signaling strong momentum with Trump in office. Trump has pledged to make the United States the world’s top crypto hub and investors believe his policies could fuel even more gains.   In January Bitcoin saw its first major push when the SEC approved the first US Bitcoin ETF pushing prices to $73,000. Now analysts are optimistic that Trump’s presidency could drive Bitcoin to hit $100,000 by January. A report from Copper Research predicts that ETFs could hold as much as 1.1 million Bitcoin by Inauguration Day if the momentum holds. Copper’s head of research Fadi Abualfa believes that the rally will continue with Trump’s pro-Bitcoin policies.   Source: TradingView   The 50-day Exponential Moving Average (EMA) at $70,290 supports Bitcoin’s bullish momentum. Investors will watch the $75,450 resistance closely, as clearing this level could solidify Bitcoin’s path toward $100,000.   Crypto Stocks and Altcoins Surge Due to Election Outcome Trump’s victory also triggered a rally in US crypto stocks and altcoins. Coinbase’s stock price jumped by 31% while companies like Robinhood MARA Holdings and Riot Platforms saw double-digit gains. Even altcoins responded with tokens like Uniswap surging by 35 percent as Trump’s regulatory promises have fueled optimism in the market. With a lighter regulatory approach expected from the new administration crypto traders see a path for growth especially in decentralized finance projects.   Solana Nears $200 as Open Interest and Institutional Demand Surge Solana futures aggregate open interest, SOL. Source: CoinGlass   Solana (SOL) has captured significant attention following Donald Trump’s election win, reaching its highest value in seven months as demand surges among traders and institutions alike. Between November 5 and November 7, Solana’s price climbed by 22.5%, reflecting a larger rally in the altcoin market that has paralleled Bitcoin’s impressive gains. With SOL now inching toward $200, analysts are watching closely as on chain metrics and institutional interest continue to rise, potentially setting the stage for Solana to become one of the most attractive assets in the cryptocurrency market.   The Republican victory, led by a pro-crypto Trump administration, has raised hopes for more favorable regulations, which could benefit platforms like Solana that offer rapid, low-cost transactions and a robust ecosystem for decentralized finance (DeFi) and NFT projects. Investors see Solana as well-positioned to capitalize on this shifting regulatory landscape, with high-speed processing and scalability that make it appealing for a wide range of applications. This optimism has driven up interest in Solana futures, reaching a record 21.1 million SOL on November 7—a total of $4 billion in nominal terms.   Solana 8-hour average funding rate. Source: CoinGlass   The current 8-hour SOL funding rate is 0.017%, which works out to around 1.5% monthly, showing a neutral-to-bullish outlook. During high market excitement, leverage costs for longs can climb to 2.1% or higher. This rate shows moderate optimism, indicating a chance for more upward movement.   Read more: Top Solana Memecoins to Watch in 2024   Elon Musk Launches D.O.G.E Initiative for U.S. Government Efficiency Source: YouTube   Elon Musk is also stepping into the spotlight with his Department of Government Efficiency (D.O.G.E) making a reference to his beloved DOGE coin, this is an initiative aimed at reducing U.S. government inefficiency. On the November 4th podcast with Joe Rogan, Musk discussed the issues of inefficiency and overreach within the federal government. Musk’s initiative aligns with Trump’s goals for a leaner government focused on economic growth. Musk warned of the growing national debt which he says now exceeds the Defense Department’s budget and could lead to economic troubles. His proposed strategy includes downsizing certain agencies and providing severance to affected employees. Musk’s approach could streamline operations in a way that impacts sectors like finance and tech with deregulation driving future growth.   Source: Michele Zanini Study   When it comes to finance issues, Musk didn’t hold back:   “Interest payments on the national debt now exceed the Defense Department budget… we’re on a path to bankruptcy.”   That’s a huge amount. The defense budget is already enormous, making this comparison even more striking. His experience navigating government regulations with Tesla and SpaceX lends credibility to this perspective.   The Department of Government Efficiency (D.O.G.E.) initiative, proposed by Musk and supported by the Trump administration, aims to streamline federal operations. This initiative has the potential to influence various sectors beyond government, similar to the impact of Musk's ventures in cryptocurrency.   As the D.O.G.E. initiative gains attention, significant changes in federal operations may be forthcoming, reflecting a broader shift towards efficiency and reduced bureaucratic constraints.   BlackRock Bitcoin ETF Sees Record-Breaking Trading Day at $4.1 Billion BTC/USDT price chart | Source: KuCoin    Trump’s win led to unprecedented trading activity for BlackRock’s Bitcoin ETF. On November 6 BlackRock’s iShares Bitcoin Trust recorded over 4.1 billion in trading volume. This was more volume than even major stocks like Netflix or Visa. Bloomberg’s Eric Balchunas called it the second-best trading day for IBIT since its launch. Other Bitcoin ETFs also saw increased activity signaling a strong investor response to the election outcome. Analysts see this as a bullish sign for Bitcoin ETFs which have dominated the ETF market this year.   With Trump’s support for crypto in play analysts believe that demand for Bitcoin ETFs and other crypto assets could continue to rise. ETF Store president Nate Geraci noted that Bitcoin ETFs accounted for six of the top ten ETF launches in 2024. Many expect Trump’s pro-crypto policies to drive additional ETF applications including funds holding altcoins like Solana and XRP.   Fadi Aboualfa of Copper.co projects that Bitcoin could reach $100,000 by January. With Trump’s support and rising demand for Bitcoin ETFs this prediction reflects growing confidence in the crypto market.   Read More: $4 Billion Crypto Bets on Election Day, Bitcoin Reaches New High and More: Nov 6   Conclusion Trump’s re-election has fueled a Bitcoin rally crypto stocks have surged and ETFs have reached record highs. The potential for Bitcoin to hit $100,000 by Inauguration Day reflects investor optimism for a pro-crypto administration and also Solana nearing $200 paints a bright future for the token. With Trump in office the crypto industry anticipates significant growth and regulatory support. This moment could mark the start of a new era for Bitcoin and digital assets with lasting impacts on finance and government policy. Read more: Will Fed Rate Cuts Fuel the Next BTC Rally After Trump’s Win Takes Bitcoin Above $76K?

Bitcoin is currently priced at $75,571 showing a +8.94% increase, while Ethereum is at $2,722, up by +12.38% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 50.6% long versus 49.4% short positions. The Fear and Greed Index, which measures market sentiment, was at 70 yesterday and increased to Extreme Greed level today at 77 today. With the U.S. presidential election outcome here and the 47th President of the United States announced, the crypto world is experiencing a surge in activity. From political memecoins tied to election outcomes today to major fund inflows driven by political hype, the intersection of politics and cryptocurrency has created a whirlwind of speculation and opportunity.    Donald Trump’s recent victory in the U.S. presidential election is making waves in the crypto world, promising a future where digital assets may flourish. From Bitcoin’s record-breaking surge to the booming memecoin platform Pump.fun, the market’s reaction underscores a renewed optimism for crypto.   What’s Trending in the Crypto Community?  BTC breaks through $76,000, setting a new record high After Trump’s victory, Wall Street institutions like JPMorgan and Goldman Sachs seek potential IPO opportunities for crypto companies. Tether mints 2 billion USDT on Ethereum Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change NEIRO/USDT +54.49% ENA/USDT +38.33% LDO/USDT +36.38%   Trade now on KuCoin   Read More: Crypto Market Braces for Election Volatility, November Token Unlocks, and Peanut Memecoins: Nov 4   Trump’s Pro-Crypto Win Signals a Shift for the U.S. Live 2024 US presidential election results. Source: Associated Press   The U.S. crypto community is celebrating after Donald Trump declared victory on November 6. With a promise to usher in a "golden age" for America, Trump, now set to serve as the 47th and 45th president, has reignited hope for a crypto-friendly administration. Known for his support of Bitcoin and blockchain, Trump has repeatedly positioned himself as a “pro-crypto candidate,” pledging to end the regulatory "war on crypto" and transform the U.S. into the "crypto capital of the planet."   One of Trump’s first moves, if he follows through on his campaign promises, could be to remove Gary Gensler, the current head of the U.S. Securities and Exchange Commission (SEC). Trump’s stance on crypto was evident when he took the stage at Bitcoin 2024 in Nashville, Tennessee, vowing to replace Gensler with SEC Commissioner Hester Peirce, a known crypto advocate. Trump has also hinted at launching a strategic Bitcoin reserve for the U.S. government, potentially acquiring 200,000 BTC seized from enforcement actions. This stance has ignited confidence in a pro-Bitcoin future, with figures like Dennis Porter, co-founder of the Satoshi Action Fund, declaring that the “anti-Bitcoin movement” in the U.S. is effectively “dead.”   Bitcoin Surges Past $76K in Massive Rally, Liquidating Nearly $400M in Shorts and Boosting Crypto Stocks BTC/USDT price chart | Source: KuCoin    The election buzz has translated into a price rally for Bitcoin, which hit a new all-time high of $76,000 on November 7. This surge brought widespread gains, including a 31% jump in Coinbase’s stock, positioning it among the top gainers in digital asset-related stocks. This new price for BTC surpassed its previous record of $73,800 as Trump took an early lead. Although the price dipped slightly, sitting around $73,871 at the time of publication, the market’s optimism is clear. Bitcoin’s price action has remained highly volatile as investors watch the election results unfold, with early Associated Press data showing Trump leading with 198 electoral votes compared to Kamala Harris’s 112.   Analysts caution that volatility is likely to continue as the election outcome solidifies. Still, many see Trump’s pro-Bitcoin rhetoric as a driver for further gains. Trump has hinted at a more favorable regulatory environment for digital assets, which could catalyze future investment. The market’s positive response to his early lead demonstrates how deeply tied Bitcoin’s performance has become to U.S. political developments. The rally resulted in a total of $592 million in liquidations from leveraged trading positions, according to CoinGlass data. A significant portion, around $390 million, came from short positions—bets that Bitcoin’s price would fall—making it the largest short squeeze in over six months. This event has intensified interest in the crypto market, signaling renewed momentum and potential volatility ahead for both digital assets and associated stocks.   Source: CoinGlass   Pump.fun’s Revenue Surges to $30.5 Million Amid AI and Memecoin Hype Source: DefiLlama   While Trump’s win boosted Bitcoin, the decentralized token creation platform Pump.fun has also hit record revenue. The platform reached $30.5 million in October, marking a 111% rise over the previous month. This surge broke a two-month downtrend, driven by a wave of viral memecoins and a fresh “AI meta” trend on social media.   Memecoins based on popular internet memes surged on Pump.fun, led by tokens like MOODENG, which enjoyed significant price growth. However, the true standout was a new wave of AI-themed tokens, with many being “endorsed” by AI-driven Twitter accounts. Among these, the GOAT token, championed by AI agent @truth_terminal, hit a peak market cap of $920 million on October 24, becoming the highest-valued token to originate from Pump.fun.   Other tokens, such as GNON, fartcoin, and ACT, achieved market caps in the eight- and seven-figure range. Though many of these tokens have since lost over 50% of their peak values, the platform remains a hub for memecoin trading. The recent success of tokens like PNUT, inspired by a viral story of a pet squirrel, shows how quickly social media-driven trends can fuel the memecoin market.   Read more: Top Solana Memecoins to Watch in 2024   Conclusion With Trump’s pro-crypto stance now in power, the U.S. may be on the verge of a crypto renaissance. His victory has already sparked positive momentum, evident in Bitcoin’s all-time high and the continued growth of memecoin platforms like Pump.fun. As new policies emerge, and with promises of regulatory reform, the crypto market anticipates significant changes that could shape its future.    From the White House to decentralized platforms, the next few years could bring unprecedented growth and innovation in the crypto landscape, with investors, traders, and enthusiasts eagerly watching the impact of Trump’s presidency on the market.

Bitcoin is once again in the spotlight. With the U.S. presidential election heating up, Bitcoin hit an all-time high of above  $75,000 on the election  day, driven by heightened volatility and speculation around election outcomes. While Bitcoin grabs the headlines, several other altcoins are also experiencing surges, driven by election-related optimism and broader market interest. Let’s explore the top altcoins to keep an eye on today.   Quick Take BTC reaches a new all-time high of above $75,000 before sliding lower, responding to early election results. Riding high on election-driven momentum, SOL's strong DEX volume has positioned it for a rally toward the $200 mark, supported by a robust technical setup and increased network activity. Surging 25% as Trump’s election odds rise, DOGE capitalizes on cultural ties and positive sentiment. Breaking key resistance levels, DOGE could reach new highs if the bullish momentum holds. Tracking the S&P 500, ETH shows potential for significant gains. Analysts speculate that ETH’s correlation with traditional markets could propel it toward new all-time highs, with whales accumulating in anticipation. With a 5% bounce at triangle support, SUI hints at a breakout above its symmetrical triangle. If it surpasses resistance, SUI could target a new high near $3, riding on a promising technical setup. Growing transaction volume across multiple industries reflects increased adoption. LTC’s technical signals indicate potential price targets between $72 and $108, with recent activity suggesting it’s becoming a go-to payment method for various sectors. Solana (SOL) SOL/USDT price chart | Source: KuCoin    Solana continues to stand out in the crypto market, driven by impressive decentralized exchange (DEX) trading volumes. With its $2.00 level firmly established as support, SOL is targeting a rally toward the $200 mark.   Why Is Solana Rallying?  Record-Breaking DEX Volume: Solana’s DEX volume has surpassed $26 billion, underscoring its growth. Technical Momentum: With an RSI near 64, SOL shows room for further gains without entering overbought territory. Potential Target: If SOL can hold above $200, it could soon test its all-time high at $236. Solana’s consistent volume and activity suggest strong market interest, with election-driven volatility adding fuel to its bullish outlook.   Read more: Solana vs. Ethereum: Which Is Better in 2024?   Dogecoin (DOGE) DOGE/USDT price chart | Source: KuCoin   Dogecoin is seeing a surge in interest as election results favoring Republican candidate Donald Trump come in. DOGE has risen over 25%, breaking the $0.20 level and outperforming many large-cap cryptos.   Why Is Dogecoin Trending Today?  Trump’s Election Odds: DOGE’s rally aligns with Trump’s rising odds, given the meme coin’s cultural ties to his campaign and support from figures like Elon Musk. Market Sentiment: Traders expect a sustained DOGE rally, with significant liquidations in the past 24 hours pointing to continued bullish momentum. Resistance Level: DOGE faces resistance near $0.1758; a successful breakout could push it to $0.21, marking a new yearly high. DOGE’s flipping XRP to become the seventh largest crypto by market cap today  reflects both the ongoing memecoin frenzy and upbeat market sentiment linked to political developments.   Read more: Best Memecoins to Know in 2024   Ethereum (ETH) ETH/USDT price chart | Source: KuCoin    Ethereum is another altcoin benefiting from the election frenzy. ETH has shown a strong correlation with the S&P 500, hinting at a bullish future if traditional markets remain supportive.   Can Ethereum Touch New Highs?  S&P 500 Correlation: ETH’s price moves in tandem with major stock indices, suggesting it could reach new heights if markets rally. Potential to Triple: Analysts speculate that ETH could see a massive upside, with a possible push toward the $10,000 mark. Technical Support: ETH remains strong, with whales actively accumulating, which could drive prices higher post-election. Ethereum’s positioning as a leading Layer-1 blockchain and its ties to traditional finance make it a prime altcoin to watch.   Read more: What Is The Surge Phase in Ethereum 2.0 Upgrade?   Sui (SUI) SUI/USDT price chart | Source: KuCoin    Sui is a relatively new player, but it has gained traction in recent months. The Layer-1 token has broken out above $2.00, spurred by significant DEX trading volumes and a strong community presence.   Can Rising DeFi Activity Take SUI to a New ATH?  DEX Milestone: SUI recently crossed $26 billion in DEX trading volume, signaling strong growth. Memecoin Craze: The recent surge in memecoins on Sui has fueled additional market activity, with the combined market cap of these tokens surpassing $171 million—an impressive 40% growth within 24 hours, drawing more traders and liquidity into the ecosystem. Technical Breakout: SUI’s breakout above resistance at $2.00 shows bullish strength, targeting $2.20 as the next resistance. Support Level: If SUI remains above $2.00, it could aim for ATH levels near $2.50. With high liquidity and support from active traders, SUI has the potential for further gains as the election drama unfolds.   Read more: Top Projects in the Sui Network Ecosystem to Watch in 2024   Litecoin (LTC) LTC/USDT price chart | Source: KuCoin   Litecoin has recently seen a notable increase in transaction volume, sparking discussions on its growing role as a digital payment method. This surge reflects a trend toward more practical applications across various sectors, from retail to iGaming.   Why Is Litecoin Price Rising?  Adoption Across Industries: Litecoin’s fast transaction speeds and low fees have made it popular in sectors like retail, hospitality, and travel. Many merchants are now integrating LTC for seamless payments, especially for international transactions. iGaming Popularity: The online gambling sector, particularly in Litecoin casinos, benefits from LTC's privacy and instant payouts, making it a preferred option for players valuing confidentiality. Transaction Volume Spike: Litecoin's recent transaction volume reached its highest level since May 2023, with 512 million LTC moved in just one week. Analysts view this as a signal of increasing utility rather than just trading, indicating a broader adoption of Litecoin for payments. Potential Price Movements: Increased activity could drive price volatility. Litecoin recently dipped slightly, possibly due to profit-taking, yet its strong network performance may contribute to upward momentum in the near future. Litecoin Price Prediction Litecoin’s consistent transaction growth and adoption position it as a viable option for digital cash in real-world applications. Analysts are optimistic, with potential price targets ranging from $72 to $108, though recent indicators show mixed signals.   Read more: How to Mine Litecoins: The Ultimate Guide to Litecoin Mining   MAGA (TRUMP) TRUMP price chart | Source: CoinMarketCap    MAGA, a Trump-inspired memecoin, has gained significant traction in recent days, reflecting the broader interest in Trump-themed cryptos amid the ongoing U.S. election. Currently trading at $3.78, MAGA has seen a 14% increase over the past 24 hours, benefiting from both increased network usage and bullish sentiment tied to Trump’s election prospects.   Can MAGA (TRUMP) Rally Higher?  Rising Demand and Network Activity: MAGA’s daily active addresses have surged, with the metric climbing from 903 to 2,606 over the past few days. This increase in network activity reflects growing demand for MAGA and suggests an uptick in user engagement with the coin. Network Growth Surge: MAGA’s Network Growth, which measures new addresses created on the blockchain, has also hit new highs. Rising from 326 to 1,226, this metric indicates increased adoption and traction for the Trump-themed coin. Whale Accumulation: Supply distribution data reveals that whales holding between 1 million and 10 million MAGA tokens have increased their holdings significantly, while those with smaller wallets appear to have sold. This accumulation trend among large holders points to growing confidence in MAGA’s potential. The rise in MAGA’s on-chain metrics and whale activity, coupled with heightened interest in Trump-themed assets, suggests that MAGA may have further room to grow, though investors should remain cautious given the volatile nature of memecoins.   Read more: Top PolitiFi and Trump-Themed Coins Amid US Elections 2024   Conclusion The U.S. election is contributing to heightened volatility across the cryptocurrency market, with Bitcoin’s record-breaking $75,000 high providing momentum for several altcoins. Each of these assets, from Solana’s strong DEX presence to Dogecoin’s meme-fueled rally and Ethereum’s alignment with traditional market trends, holds a unique position.   While these altcoins show potential for gains, it’s essential to remember the inherent risks in volatile markets, especially during periods of significant global events. Market conditions can shift rapidly, and investors should consider their risk tolerance and conduct thorough research before making any decisions.   Read more: $4 Billion Crypto Bets on Election Day, Bitcoin Reaches New High and More: Nov 6

Bitcoin is currently priced at $73, 901, showing a +6.55% increase, while Ethereum is at $2,589, up by +6.83% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 50.1% long versus 49.9% short positions. The Fear and Greed Index, which measures market sentiment, was at 70 yesterday and also stayed at the Greed level today at 70 today. As the U.S. presidential election outcome nears, the crypto world is experiencing a surge in activity. From political memecoins tied to election outcomes today to major fund inflows driven by political hype, the intersection of politics and cryptocurrency has created a whirlwind of speculation and opportunity.    What’s Trending in the Crypto Community?  The voting data from 7 swing states in the U.S. election will be announced by noon on November 6. Prediction market Kalshi tops the Apple App Store free apps chart, with Polymarket in second place. Polymarket is paying U.S. influencers to promote election betting services. Mt.Gox address transfers 2,000 BTC to an unknown wallet, worth $136 million. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change GOAT/USDT +52.57% TAO/USDT +29.94% MOG/USDT +20.70%   Trade now on KuCoin   Read More: Crypto Market Braces for Election Volatility, November Token Unlocks, and Peanut Memecoins: Nov 4   The convergence of political betting, artificial intelligence hardware, and augmented reality highlights the transformative potential of technology and finance across industries. With nearly $4 billion bet on the U.S. presidential race, new ventures in AI-driven consumer robotics, and Apple’s anticipated entry into AR, this dynamic interplay between finance, tech, and influence is shaping the future.   The $4 Billion Election Day Betting Frenzy on PolyMarket Source: Polymarket   The 2024 U.S. presidential race has led to an unprecedented spike in prediction market activity, drawing in nearly $4 billion in political bets. At the forefront is Web3-native Polymarket, which dominates with around $3.3 billion in trade volumes, even though it faces restrictions in the U.S. Polymarket's appeal reflects a growing interest in decentralized platforms that allow users to wager on real-world events. Its success has set the standard for political betting, establishing itself as the go-to platform for decentralized, blockchain-driven predictions.   Following close behind are U.S.-based platforms like Kalshi, Robinhood, and Interactive Brokers, which collectively have attracted over $500 million in betting volumes. These platforms are gaining traction, especially after regulatory approval allowed them to host election betting for the first time. As betting odds on candidates fluctuate, Donald Trump holds a strong lead across prediction markets, with odds on Polymarket reaching nearly 82.5% and other platforms showing similar figures. This trend has captured the attention of a diverse range of investors who are eager to participate in high-stakes political events.   Rising Competition in Prediction Markets Source: Kalshi   Kalshi’s recent debut in election betting has sparked fierce competition among prediction platforms, paving the way for similar ventures in the U.S. market. Kalshi's approval to operate election markets came after a landmark court victory, allowing it to set a precedent for legally approved election betting in the U.S. This historic decision has encouraged other platforms to join, rapidly increasing competition and participation.   Robinhood entered the prediction space with a bang, launching election contracts in October and trading over 200 million contracts related to the presidential race. Interactive Brokers has also stepped in, attracting $50 million in volume. In a bid to streamline user experience, Kalshi introduced deposits in USD Coin (USDC) and even added USDC deposits from Polygon, which allows blockchain-based transfers, simplifying the process for crypto-savvy bettors. Together, these companies are challenging the decentralized giant Polymarket, fostering a competitive environment that may redefine how Americans approach political betting.   AI Hardware Expansion: OpenAI's Bold Move Source: X   In the realm of artificial intelligence, OpenAI’s creation of a consumer hardware division reflects its ambition to bring AI-driven products directly into consumers’ lives. This division, led by Caitlin Kalinowski—a former Meta engineer who played a key role in the development of AR hardware like the Orion glasses—signals OpenAI's shift from purely software-based AI models to tangible, AI-powered devices. Kalinowski’s background in AR, combined with her experience in large-scale hardware projects at Meta and Apple, uniquely positions her to drive OpenAI's hardware ambitions.   The move comes at a time when AI hardware is booming, driven by companies like Nvidia and TSMC. Although the industry has seen several attempts at integrating AI into consumer products, most, like Amazon’s smart speakers, have yet to achieve the mass market appeal of smartphones. OpenAI’s new approach may involve partnerships with major manufacturers rather than in-house production, allowing the company to focus on refining AI models while tapping into established supply chains. This strategy could fast-track AI hardware into the hands of everyday users and potentially create the long-awaited "iPhone moment" for AI-powered devices.   Memecoins and the Election: Crypto Enthusiasts Weigh In Election Day has also brought excitement to the cryptocurrency market, with memecoins inspired by candidates Donald Trump and Kamala Harris experiencing dramatic trading activity. As Trump embraces the label of “crypto candidate,” Trump-themed memecoins, such as MAGA and TRUMP, have attracted significant attention despite recent drops in market value. These tokens, designed with no official political affiliation, are a popular choice among traders looking to make speculative bets on the election outcome. Tokens like MAGA and Super Trump (STRUMP) command large market caps, though they have seen declines of up to 30% in recent weeks. Still, the high volatility surrounding these tokens provides ample opportunity for traders seeking quick profits.   Conversely, Harris-themed tokens, while fewer in number, are on the rise. The largest, “Kamala Horris” (KAMA), surged 40% over the past week, reflecting a counter-movement among traders aligning with her platform. The hype around these tokens is evident in the Ethereum and Solana blockchains, which have seen hundreds of new tokens referencing Trump and Harris. The crypto community’s interest in these political tokens underscores a cultural shift where digital assets are used not only as speculative instruments but as a form of political expression.   Read More: Top PolitiFi and Trump-Themed Coins Amid US Elections 2024   Apple’s Expansion into Augmented Reality Source: Apple    Apple’s potential entry into the augmented reality (AR) market could be a game-changer for the tech industry. Known for revolutionizing each category it enters, Apple’s foray into AR has the potential to shake up the market, directly challenging Meta's stronghold in the AR and Metaverse space. According to reports, Apple is working on smart glasses to rival Meta’s Orion, leveraging its reputation for user-friendly, high-quality design to attract consumers who may be hesitant about AR.   Apple’s focus on expanding its product line aligns with its broader strategy to push boundaries in wearable technology, which includes iPhones, Apple Watches, and AirPods. The development of an AR product would not only place Apple in direct competition with Meta but could also stimulate innovation across the industry. As the AR space becomes more crowded, Apple’s entry could provide the breakthrough needed to bring AR into the mainstream. If successful, Apple’s AR venture could significantly contribute to its growth trajectory, potentially setting another market cap milestone for the company.   Conclusion The surge in Election Day betting, the push for consumer-oriented AI hardware, and Apple’s bold AR ambitions highlight a rapidly changing landscape where politics, technology, and finance intertwine. Prediction markets reflect the public’s growing interest in speculative finance, while OpenAI’s hardware division and Apple’s AR aspirations showcase advancements that could redefine consumer technology. As these trends converge, the actions of major players like Polymarket, OpenAI, and Apple will shape how technology integrates into our daily lives, making the future of politics, AI, and AR both exciting and unpredictable. The race for dominance is on, and the leaders in these sectors are poised to drive the next wave of digital transformation.

At 8:00 AM UTC+8, Bitcoin was priced at $67,857, showing a -1.33% decrease, while Ethereum stood at $2,398, down by -2.41%. The market's 24-hour long/short ratio in the futures market was almost balanced at 49.2% long versus 50.8% short positions. The Fear and Greed Index, which measures market sentiment, was at 70 yesterday and also stayed at the Greed level today at 70 today. As the U.S. presidential election nears, the crypto world is experiencing a surge in activity. From political memecoins tied to election outcomes to major fund inflows driven by political hype, the intersection of politics and cryptocurrency has created a whirlwind of speculation and opportunity.    What’s Trending in the Crypto Community?  The Ethereum whitepaper has been available for 11 years. Solana’s on-chain DEX has achieved a weekly trading volume of $12.7 billion, ranking first for four consecutive weeks. Bitcoin mining difficulty rose by 6.24% this morning, reaching a new high of 101.65 T. OpenSea's CEO announced the platform has been completely rebuilt and will relaunch in December. Trump's winning probability on Polymarket has increased to 59.1%. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change DOGE/USDT +7.26% XMR/USDT +3.12% SHIB/USDT +2.64%   Trade now on KuCoin   Read More: Crypto Market Braces for Election Volatility, November Token Unlocks, and Peanut Memecoins: Nov 4   Hype Launches President Memecoin Index to Track Election Trends Hype, a new memecoin trading platform, launched the President Memecoin Index to help traders track and trade tokens tied to the upcoming U.S. election. Since the presidential debate in September, Trump-themed tokens have surged by 86.9%.   Hype operates on Solana and Base and offers traders a way to track the biggest memecoins linked to the U.S. election. These tokens include Doland Tremp (TREMP), MAGA token (TRUMP), Donald Trump (TRUMP), Kamala Horris (KAMA), Krazy Kamala (KAMALA), and KAMALA HARRIS (HARRIS). Though not officially affiliated, these tokens reflect interest around the candidates.   Ravi Bakhai, founder of Hype, explained that political memecoins often lack a single unifying token. For example, several tokens may be associated with a president, so the index helps capture broader interest around the trend. The index acts like betting platforms, offering insight into election sentiment by analyzing token performance.   Political memecoins belong to a new trend called PoliFi, which combines politics and decentralized finance. For example, MAGA Memecoin now has nearly 100,000 holders across Ethereum, Solana, and Base, showing its appeal beyond the typical memecoin audience.   Bakhai explained that people can buy a candidate’s token if they believe in their success. As attention grows for a candidate, their token's value rises, turning political interest into price gains.   The index data shows the Trump-themed tokens up by 86.9% since mid-September. Tokens linked to Kamala Harris have increased by 48.9%. The trends mirror what prediction platforms like Polymarket and Kalshi are showing. Trump led by a wide margin, but Harris has been closing the gap.   Source: Polymarket   Polymarket puts Trump's chances of winning at around 57%, down from over 66% at the end of October. Bakhai highlighted the difference between token trading and prediction markets: memecoins have no limit to their price upside. Token prices may keep climbing long after the election results come out.   Read More: Top PolitiFi and Trump-Themed Coins Amid US Elections 2024   Crypto Funds Surge to $2.2 Billion Amid Election Hype Flows by assets (in millions of US dollars). Source: CoinShares   Crypto investment products saw $2.2 billion in inflows from October 26 to November 2. Year-to-date (YTD) inflows reached a record $29.2 billion, as reported by CoinShares. The four weeks of consecutive inflows totaled over $5.7 billion, representing 19% of all YTD inflows.   The latest surge in crypto fund inflows pushed total assets under management to over $100 billion for only the second time in history. This matched levels previously seen in June, which stood at $102 billion.   James Butterfill, CoinShares' head of research, attributed the inflows to excitement around the U.S. presidential election. Butterfill noted that euphoria about a possible Republican victory drove early inflows, but the shifting polls led to some outflows at the end of the week. He emphasized that Bitcoin remains particularly sensitive to U.S. election news.   Last week, Bitcoin received most of the inflows, reaching $2.2 billion, as its price neared all-time highs. Investors also poured $8.9 million into short-Bitcoin products, positioning themselves to profit from potential price drops.   Read More: Bitcoin Prediction to $100K, GRASS Airdrop Sets Records, and Robinhood's Crypto Surge: Oct 31   Ethereum: The Next Amazon? Leena ElDeeb, a research analyst at 21Shares, compared Ethereum to Amazon in the 1990s. She said Wall Street investors still underestimate Ethereum’s potential. According to ElDeeb, big inflows will come once people recognize Ethereum's value.   Spot Ether exchange-traded funds (ETFs) launched in July but have seen modest inflows compared to Bitcoin ETFs. ElDeeb explained that, like Amazon, Ethereum started with a simple purpose—smart contracts—but it now supports over $140 billion in decentralized finance (DeFi) applications.   Federico Brokate, vice president at 21Shares, noted that Amazon started as a bookstore before transforming into a digital powerhouse. He believes Ethereum’s development follows a similar path, from supporting basic applications to becoming a major force in decentralized finance.   Source: X   PolitiFi: Trump Supporters Promote the MAGA Memecoin (TRUMP) ahead of the Election Source: X   As the U.S. election approaches, Trump supporters are rallying around a trending PolitiFi project called MAGA Memecoin (TRUMP). PolitiFi tokens blend politics, pop culture, and crypto. They create digital communities where supporters invest in a cause, a candidate, or a vision.   PolitiFi tokens like MAGA Memecoin aim to keep political discussions alive while encouraging engagement. MAGA Memecoin is a tribute to Donald Trump and his "Make America Great Again" (MAGA) movement.   The token’s creators said that Trump is "the most memetic human ever," and the memecoin captures this attention. MAGA Memecoin isn’t just about memes—it has a mission. The team distributed one million branded TRUMP napkins to bars and restaurants across the U.S. to spread awareness. Each napkin links to a platform where users can easily buy TRUMP using Apple Pay.   MAGA Memecoin has lasted beyond the usual lifespan of most memecoins. The team has also donated over $2 million to nonprofits supporting veterans and fighting child trafficking. This charity-driven approach gives MAGA Memecoin a real-world purpose.   Every week, MAGA supporters gather on platforms like X, featuring political guests like Roger Stone and Antonio Brown. The community also launched a video game called "Make Cats Safe Again," where a pixelated Trump must save cats to win the presidency. MAGA Memecoin now has nearly 100,000 holders across Ethereum, Solana, and Base, showing its appeal beyond the typical memecoin audience.   Source: X   Squirrel Memecoins Take Off with Peanut ($PNUT) on Pump.Fun Crypto traders are jumping on the Peanut the squirrel trend. Peanut’s story went viral, inspiring memecoins on the Solana-based Pump.fun platform.   Two of the biggest squirrel tokens—PNUT and Nut In Profit (NIP)—now have over $37 million riding on them. Nut In Profit launched just six hours before the story broke. Pump.fun allows anyone to launch a token using a bonding curve mechanism that raises prices as demand increases. Once a token hits $69,000 in market cap, it automatically migrates to Solana’s decentralized exchange, Raydium.   Elon Musk, also posted about Peanut on X, adding to the hype. Musk is known for boosting memecoin popularity, especially with Dogecoin.   Conclusion The upcoming U.S. election has sparked a wave of hype, speculation, and creative projects in the crypto space. From Hype's President Memecoin Index, which tracks political tokens, to PolitiFi projects like the MAGA Memecoin and even squirrel-themed tokens inspired by Peanut, investors are using memecoins to speculate on political outcomes and leverage cultural moments to create digital assets. As election day approaches, crypto traders should be prepared for increased volatility and new opportunities. Read more: Bitcoin Price Prediction Ahead of the 2024 US Election: Bullish or Bearish?

Shiba Inu (SHIB) holders who have stored their tokens in a self-custody wallet, such as MetaMask or Trust Wallet, are now eligible for an exclusive PHIL Token airdrop. This community-driven token initiative rewards SHIB holders who meet specific eligibility criteria. Here’s a breakdown of the airdrop process and how to participate.   Quick Take PHIL tokens are available only to SHIB holders with self-custody wallets. Users can submit SHIB wallet address to the designated page and follow social media steps to double rewards. Users are required to follow PHIL and SHIB on Twitter, retweet the announcement for a chance at bonus tokens in order to boost $PHIL Airdrop Rewards.  PHIL was created by a mysterious Ethereum OG known as ZZ-410. PHIL plans to unite meme tokens for charity events and community impact. How to Claim Your PHIL Token Airdrop To be eligible for the PHIL airdrop, SHIB tokens must have been held in a self-custody wallet, such as MetaMask or Trust Wallet, on August 28, 2024 (block height 20,627,000). Tokens held on centralized exchanges do not qualify for this airdrop.   Eligible SHIB holders can claim their airdrop by submitting their wallet address to the designated PHIL claim page. The airdrop is structured in a tiered system, where the first 10,000 entries are guaranteed a minimum of 500 PHIL tokens, with some wallets potentially receiving up to 500,000 PHIL.   How to Boost Your $PHIL Airdrop Rewards To increase your chances of earning more PHIL tokens, you can complete additional steps to qualify for a higher reward and enter a special draw. Simply follow @PhilTokenETH and @Shibtoken on Twitter, then retweet the official airdrop announcement. By doing so, you’ll become eligible for a "Lucky Draw," which includes a grand prize of 250,000 PHIL tokens, offering participants an extra reward opportunity.   How to Claim PHIL Token Airdrop on KuCoin  Source: X    KuCoin has launched a PHIL Token airdrop campaign, offering opportunities for both new users and existing KCS holders to earn PHIL tokens. The campaign runs from November 1, 2024, 10:00 UTC, to November 8, 2024, 10:00 UTC.   Activity 1: New User Welcome Airdrop New users who complete the following steps during the campaign period will share a pool of 2,000,000 PHIL tokens:   Register an Account: Sign up on KuCoin. Complete KYC Verification: Verify your identity through KuCoin's Know Your Customer (KYC) process. Deposit or Trade: Make a deposit or trade at least 100 PHIL on KuCoin. The first 4,000 eligible new users will each receive 500 PHIL tokens, distributed based on registration time.   Activity 2: KCS Holder Airdrop Existing users holding at least 10 KCS in their KuCoin accounts during the campaign are eligible for a share of 3,000,000 PHIL tokens. The distribution is proportional to each user's KCS holdings, with a maximum reward of 5,000 PHIL per participant.   For detailed information and updates, please refer to KuCoin's official announcement.    Who Created PHIL Token? The PHIL token comes from a mysterious figure known as ZZ-410, a reputed Ethereum developer from the early days of crypto. Using an old Ethereum wallet filled with 2,000 ETH, ZZ-410 launched PHIL with a mission to promote decentralization, support communities, and inspire long-term growth.   The Vision Behind PHIL: Uniting Memecoins for Good Source: X   PHIL isn’t just another meme token. The project’s mission is to unite the top 50 meme coins, forming a collective of community-driven projects that will host charity events for various causes. Each new partnership triggers a philanthropic event, showing that even in the world of meme coins, there’s room for impact and goodwill.   With a total supply of 1 billion tokens and an initial market cap of $100,000, PHIL is already gaining momentum in the crypto market. Its community-centric approach has captured the interest of SHIB holders and other meme token enthusiasts alike.   The team has ambitious plans for PHIL, including further partnerships and events that will bring more visibility to the token. As the community grows, PHIL’s value and impact are expected to increase, making it a token to watch in the world of meme coins.   Read more: Best Memecoins to Know in 2024   Final Thoughts The PHIL airdrop provides SHIB holders with an opportunity to engage in a new community-driven project focused on philanthropy and collaboration. With its unique mission, PHIL aims to differentiate itself within the meme coin space. SHIB holders with qualifying wallets may find this an appealing chance to claim free tokens. However, as with any airdrop or new token project, it's important to exercise caution, as the cryptocurrency market is inherently volatile. Always assess your own risk tolerance before participating.   Read more: November 2024 Airdrops: Boost Your Crypto Earnings with This Complete Guide

November 2024 will see $2.6 billion worth of crypto tokens unlocked across major blockchain projects, including Sui, Aptos, Arbitrum, and more. These releases will affect market liquidity and token values. A total of $2.6 billion worth of tokens will be unlocked this month. Investors must understand these events to navigate the market effectively. Below are the key unlocks and their potential impact.   Immutable ($IMX) - November 1 On November 1, Immutable released 32.47 million IMX tokens. This unlock represented 1.98% of the total supply, valued at $45.5 million. Immutable led in NFT and blockchain gaming, offering a platform that scaled without gas fees. This token release added substantial supply to the market. More tokens drove prices down as some investors sold their newly available tokens. However, this unlock also presented opportunities for investors looking to enter at a lower price. The token’s future depended on how the gaming and NFT sectors performed. If the demand for NFTs grew, the increased supply could be absorbed faster.     Read More: Top 7 Telegram Tap-to-Earn Crypto Games to Know in 2024   ZetaChain (ZETA) - November 1 On November 1, ZetaChain unlocked 53.89 million ZETA tokens. This accounted for 11.72% of the circulating supply, valued at $34.3 million. ZetaChain enabled seamless interaction between blockchains. The token unlock significantly increased supply. A larger supply often led to lower prices, especially in the short term. However, ZetaChain’s mission to unify isolated blockchain networks gave it an edge. Success depended on maintaining demand and expanding partnerships. If the project continued to build strong collaborations, the market impact could be minimized, and the added supply could find utility.       Sui ($SUI) - November 3 On November 3, Sui released 81.91 million SUI tokens. This equals 2.97% of its total supply, valued at $128.4 million. Sui is a high-speed Layer 1 blockchain that uses the Move programming language. This large token unlock may lead to a dip in price. The added supply will test the market's ability to absorb new tokens. Sui’s value lies in its focus on speed and scalability. If the blockchain continues to attract developers and users, it can handle the increased supply. The market will look at new partnerships and projects on Sui as indicators of its potential growth.     Read More: Top Sui Memecoins to Watch in 2024-25   Neon (NEON) - November 7 Neon will unlock 53.91 million NEON tokens on November 7. This represents a massive 93.43% of its total circulating supply, valued at $22.2 million. Neon builds Ethereum Virtual Machine (EVM) compatibility on Solana. This unlock will flood the market with almost the entire circulating supply. The potential for drastic price swings is high. Neon’s success depends on its ability to bridge the Ethereum and Solana ecosystems. If developers adopt Neon to bring dApps to Solana, the new supply could gain use. However, a lack of developer interest could lead to severe price drops. The project's growth hinges on increasing the number of applications and fostering developer trust.     Aptos (APT) - November 12 On November 12, Aptos will release 11.31 million APT tokens. This unlock represents 2.18% of the circulating supply, valued at $114 million. Former Meta engineers developed Aptos with technology from the Diem blockchain. Aptos focuses on scalability and security through advanced consensus mechanisms. The increase in available tokens could push prices lower as more holders may decide to sell. However, Aptos’s strong technology foundation may support market stability. The project's success will depend on building a thriving ecosystem of users and developers. Investors will look for adoption metrics and ongoing partnerships to gauge Aptos’s potential resilience.   The distribution of these tokens will be as follows:   Foundation: 1.33 million APT ($11.84 million) Community: 3.21 million APT ($28.51 million) Core contributors: 3.96 million APT ($35.15 million) Investors: 2.81 million APT ($24.93 million)   Starknet (STRK) - November 15 Starknet will release 64 million STRK tokens on November 15. This accounts for 3.3% of the circulating supply, valued at $24.8 million. Starknet is a Layer 2 scaling solution for Ethereum. It aims to improve Ethereum’s transaction speed and lower costs. According to their website , Starknet uses the power of STARK technology to ensure computational integrity. By validating off-chain transactions with advanced math and cryptography, Starknet overcomes Ethereum’s scalability limitations. Starknet is a Validity Rollup that provides unlimited scale while retaining Ethereum’s security and decentralization. The increased supply could lead to short-term selling pressure. However, Starknet’s value proposition as a scalability solution could help absorb this new supply. The project’s future relies on its ability to attract projects seeking cheaper and faster Ethereum transactions. The unlock will test Starknet’s adoption rate and whether users see it as a key component of Ethereum’s growth.     Arbitrum ($ARB) - November 16 Arbitrum will unlock 92.65 million ARB tokens on November 16. This release represents 2.33% of its total circulating supply, valued at $49.5 million. Arbitrum is one of the leading Layer 2 solutions for Ethereum. It aims to provide cheaper and faster transactions while maintaining Ethereum's security. The added supply could impact ARB’s price negatively if many holders decide to sell. However, Arbitrum’s large user base and ecosystem strength could help stabilize the market. According to their website, the Arbitrum Nitro Stack is designed to boost throughput, lower transaction costs, and achieve compatibility with Ethereum, all while upholding Arbitrum’s security standards. Nitro exists in two different variants, Arbitrum Rollup and Arbitrum AnyTrust.   The token’s performance will depend on ongoing user adoption and the number of projects using Arbitrum’s solutions. New partnerships and integration with dApps will be crucial to mitigating the impact of this unlock.    Team, future team, and advisors: 56.13 million ARB ($29.43 million) Investors: 36.52 million ARB ($19.15 million)   Polyhedra Network (ZKJ) - November 19 Polyhedra Network will unlock 17.22 million ZKJ tokens on November 19. This accounts for 28.52% of its circulating supply, valued at $19.8 million. Polyhedra focuses on privacy and security using zero-knowledge proof (ZKP) technology. According to their website, zkBridge uses zkSNARKs to enable a prover to efficiently convince the receiver chain that a certain state transition happened on the sender chain. zkBridge consists of a block header relay network and an updater contract. The result is that the updater contract maintains a light-client state. It automatically adds block headers of the sender chain once the associated proofs are verified, and updates the current main chain of the sender chain.This release will add a large number of tokens to the market. The increase could result in price drops as supply outpaces demand. Polyhedra’s success will depend on its ability to prove its worth in the privacy space. As privacy becomes more important to blockchain users, Polyhedra may see increased adoption. The market will watch for developments in its privacy solutions and partnerships with other blockchain projects.     Token Unlocks’ Impact on the Crypto Market These token unlocks will collectively release $2.6 billion worth of assets into the market. The increased supply will lead to selling pressure and likely cause short-term price drops. Projects like Sui, Aptos, and Neon will see the most dramatic impacts due to the size of their unlocks. Investors must monitor how well these projects manage the new supply. Projects like Arbitrum and Starknet, with strong user bases, may handle the supply increase better than others. The overall market could see increased volatility throughout November.   Token unlocks can also provide buying opportunities for investors looking for lower entry points. As supply increases, prices may dip, allowing for strategic accumulation. November will be a month of heightened activity in the crypto market. Investors should stay informed and adapt to the evolving conditions to manage risks effectively.   ARB Unlock. Source: Tokenomist   Conclusion November 2024 is a critical month for token unlocks. A total of $2.6 billion worth of crypto assets will enter the market. The influx of new tokens will increase supply and create downward price pressure, especially for IMX, NEON, and ARB. While this could cause temporary challenges, it also opens up opportunities for those ready to accumulate tokens at lower prices. Staying informed and prepared will be essential as the market reacts to these significant changes.

At 8:00 AM UTC+8, Bitcoin was priced at $69,203, showing a -0.86% decrease, while Ethereum stood at $2,476, down by -1.46%. The market's 24-hour long/short ratio in the futures market was almost balanced at 48.7% long versus 51.3% short positions. The Fear and Greed Index, which measures market sentiment, was at 74 yesterday, indicating Greed level and has decreased to 70 today, maintaining the crypto market at the Greed territory.    What’s Trending in the Crypto Community?  The U.S. will begin its 2024 presidential election on Tuesday, with major polls showing a close race between Trump and Harris. Tether's secured loans in reserves have reached a total of $6.72 billion, fully backed by liquid assets. Ethereum's net supply increased by 11,609 coins over the past seven days. On Polymarket, Trump's probability of being elected president dropped to 56.6%, while Harris's rose to 43.6%. U.S. Bitcoin spot ETFs saw a cumulative net inflow of $2.22 billion this week. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change GRASS/USDT +9.29% GOAT/USDT +24.84% SUI/USDT +2.59%   Trade now on KuCoin   Read More: Bitcoin Prediction to $100K, GRASS Airdrop Sets Records, and Robinhood's Crypto Surge: Oct 31   The crypto market is buzzing with major developments. Traders and investors are preparing for a mix of heightened BTC and ETH volatility as election results loom, substantial token unlocks this month, and a surge in Peanut-themed memecoins on Solana. Each of these events holds the potential to significantly impact the market, making it crucial to understand the details and what might come next.   BTC and ETH Volatility Surge Ahead of Election Results BTC/USDT price chart | Source: KuCoin    Bitcoin and Ethereum are currently experiencing a surge in volatility, largely driven by uncertainty surrounding upcoming election results. Nick Forster, founder of Derive.xyz, reported that Bitcoin's forward volatility has jumped to 80.3%, compared to its previous level of 72.2%. Ethereum, too, saw its volatility rise, moving from 75.4% to 82.9%. This sharp increase points to traders adjusting their positions and hedging against potential impacts.   ETH/USDT price chart | Source: KuCoin   The upcoming election brings an elevated chance of significant price swings. Forster suggests a two-thirds probability of substantial price movements on election night, with Bitcoin's expected price range falling between -9% and +9.9%. Ethereum, meanwhile, is expected to move within a slightly broader range of -9.3% to +10.2%. These anticipated fluctuations are signs of increased market risk, but they also suggest opportunities for those prepared to navigate the volatility.   Despite the potential for rapid price changes, market sentiment appears to lean bullish. The total open interest for BTC call options stands at 1,179 contracts, compared to 885 contracts for put options. This implies that many traders are hopeful for a positive outcome once the election dust settles. The choices traders are making show confidence, at least for now, that any political outcomes may ultimately have a favorable influence on crypto.   $2.6 Billion in Tokens Set to Unlock in November November is a crucial month for the release of locked crypto assets, with a staggering $2.68 billion in tokens set to be unlocked, as reported by Tokenomist. This includes over $900 million that will be released at once, often called a "cliff unlock," while around $1.7 billion will be gradually unlocked throughout the month.   Unlock progress for the MEME token | Source: Tokenomist   Token unlocks are significant because they can create substantial pressure on token prices, especially when large quantities hit the market. Notable projects releasing tokens this month include Memecoin (MEME), Aptos (APT), Arbitrum (ARB), and Avalanche (AVAX). Memecoin alone will see 3.45 billion tokens unlocked, with an estimated value of $37.8 million. These releases come in two forms: cliff unlocks and linear daily releases of over 10 million tokens, worth approximately $117,000 each day. This influx of supply could lead to price swings, especially as Memecoin's price remains 81% below its peak earlier this year.   Arbitrum, a well-known Ethereum layer-2 solution, will also release a significant amount—92.65 million tokens worth $45 million. These tokens are allocated to early investors, team members, and advisors. This follows Arbitrum’s substantial release back in March, when they unlocked $2.32 billion worth of tokens. These kinds of releases can impact token price if supply exceeds current market demand, especially if early holders choose to cash out.   The token unlocks could bring a ripple effect throughout the market. An increase in available supply may create downward pressure on prices, but it also provides an opportunity for those looking to accumulate tokens at a discount. Investors will need to monitor how these releases play out and whether new demand will be sufficient to offset the increased supply.   Peanut Memecoins Stir Up Solana DeFi Markets Peanut the Squirrel memecoins on Solana. Source: Dexscreener   The DeFi market, especially on Solana, has seen a new frenzy sparked by an unusual character—a squirrel named "Peanut." This viral sensation has inspired memecoin creators to flood the market with Peanut-themed tokens, resulting in eye-catching price action and notable market activity.   Peanut's unexpected rise in popularity led to the creation of several Peanut-themed tokens on the Solana network. Among them, "Peanut the Squirrel" (PNUT) has made a particularly large impact, recording a trading volume of nearly $300 million and over 200,000 transactions. PNUT's market capitalization reached a peak of $120 million, though it has since corrected and currently stands at $100 million. The trading volume and rapid price changes indicate the appeal of these kinds of niche, culture-driven tokens that tend to gain popularity overnight.   Another Peanut-themed token achieved a market cap of $80 million with trading volume surpassing $110 million. This shows that the trend is not limited to one blockchain and suggests that the appeal of memecoins remains strong, especially those tied to pop culture or viral stories.   Adding to this memecoin frenzy, a raccoon-themed token—based on Peanut’s raccoon companion—also entered the scene. Named "First Convicted Raccoon" (FRED), the token recorded nearly 150,000 transactions and a trading volume of $83 million, though its market cap was only $8.2 million. Despite being smaller in scale, FRED’s rapid traction highlights how quickly meme-driven projects can capture the market’s attention, even if their long-term viability remains questionable.   These memecoins are more than just hype—they provide a reflection of how quickly narratives can drive market action in the crypto world. While most of these tokens may not hold long-term value, they represent the speculative aspect of DeFi, where community, pop culture, and fun play significant roles.   Read more: Top Solana Memecoins to Watch in 2024   Conclusion The crypto market is in a phase of high activity and uncertainty. Volatility is increasing for major assets like BTC and ETH due to upcoming election results, and billions in tokens are set to unlock throughout November, which could create both opportunities and risks for investors. Meanwhile, the rise of Peanut-themed memecoins on Solana shows that the speculative, culture-driven aspect of crypto remains alive and well.   For traders and investors, staying on top of these dynamic developments is essential. Each event—the election, token unlocks, and the memecoin craze—has the potential to shift market conditions rapidly. As always in crypto, being prepared and informed is the key to navigating these unpredictable waters.

Get ready for an exciting month in crypto! November 2024 is packed with airdrop opportunities, including MemeFi, PiggyPiggy, and more. Learn how to participate, boost your earnings, and stay ahead in this comprehensive guide to the biggest crypto events of the year.   Introduction November 2024 is shaping up to be an exciting month for crypto enthusiasts, with multiple airdrop and TGE events offering unique opportunities to earn valuable tokens from the biggest telegram games this year including MemeFi, PiggyPiggy, and more. These airdrops provide a way for users to get involved early in promising projects, benefiting from both community engagement and potential future token value. With millions already diving into its play-to-earn games, the upcoming launch of these November airdrops are making moves in the Telegram community. In this article, we'll break down everything you need to know about the upcoming airdrops and how you can participate.   What Is a Token Generation Event (TGE)?  A Token Generation Event (TGE) is a short-term business and technical process that involves creating a token on a blockchain network and launching it to the market, typically through a public sale, private sale, or initial coin offering (ICO).   Read More: What Is Crypto Pre-Market and How Does It Work?   Why Airdrops and TGEs Matter for Crypto Traders and Investors Staying informed about token listings, TGEs, and airdrops provides several benefits: Price Movements: Listings and TGEs often result in sharp price changes. Knowing these dates helps you position advantageously. Early Adoption: Airdrops and TGEs offer early access to tokens that may appreciate in value. Airdrops and Rewards: Timely participation can yield additional benefits, boosting your overall investment returns.   1. MemeFi’s Token Generation Event (TGE) and Airdrop (November 12, 2024) Source: MemeFi Telegram MemeFi is a Web3 social gaming platform with player-versus-environment (PvE) and player-versus-player (PvP) mechanics. It operates in meme culture, letting players complete tasks like meme-themed battles, raids, and social tasks to earn rewards. The platform has built an active 27 million player base through its tap-to-earn game on Telegram as of Oct. 2024. Users engage in simple gameplay while accumulating virtual currency and tokens.   MemeFi also offers a web-based experience across a virtual world map. Users complete missions and tasks, blending entertainment and financial engagement. The platform has a strong in-game economy driving its growth.   The MemeFi TGE is now set for November 12, 2024, when the $MEMEFI token will be listed on six top-tier centralized exchanges, with a seventh pending confirmation. MemeFi’s token distribution model remains the same, with 90% of the total supply allocated to community rewards, but the listing has been delayed to ensure the best launch environment. The team is focusing on ecosystem alignment and exchange partnerships to deliver the best possible outcome for users.   The airdrop will occur on Sui, a layer-1 blockchain network with high scalability and low transaction fees Users will soon gain access to a public airdrop checker to verify their eligibility.    Updated MemeFi Airdrop and Token Launch Timeline November 6, 2024: Final snapshot of player activity to determine airdrop eligibility. November 8, 2024: Final airdrop allocation data released, based on the snapshot. November 12, 2024: MEMEFI token officially launches on Sui, with on-chain claim availability.   MemeFi Tokenomics  Total Supply: Fixed at 10 billion tokens. Community Rewards (90%): The majority of the tokens—90%—reward the community. Telegram Users (85%): Set aside for users earning tokens through gameplay, completing tasks, and participating in social activities. Web3 Community (5%): Allocated for contributions through testnet participation, NFT holdings, and other early adopter roles. Liquidity and Listings (5.5%): Reserved for liquidity and centralized exchange (CEX) listings. Strategic Partnerships and Early Adopters (3%): Allocated to partners and early adopters who helped grow the platform. Seed Investors (1.5%): Dedicated to initial investors who supported MemeFi during its early development.   Source: X   Get Early Access: MEMEFI Token Available for Pre-Market Trading on KuCoin   The MEMEFI token, core to the MemeFi ecosystem, is now open for pre-market trading on KuCoin. This early access lets users trade MEMEFI before its official spot trading launch, offering a chance to secure tokens ahead of broader availability. Start trading MEMEFI today and get ahead on KuCoin!   Read More: MemeFi Airdrop: Eligibility, Tokenomics, and Key Details Before November 12 Token Launch     2. Piggy Piggy Airdrop (Listing on November 12, 2024 and Airdrop in Q4)   The PiggyPiggy token ($PGC) is the in-game crypto that powers the entire PiggyPiggy game ecosystem. Players earn PiggyPiggy tokens by participating in various activities within the Telegram-based game, including completing tasks, playing mini-games, and engaging in social interactions. Piggy Piggy is known for its fun and gamified approach to decentralized finance, and it’s gearing up for a token listing on November 12, 2024. With its cute branding and playful interface, Piggy Piggy has been attracting significant attention, particularly from younger, tech-savvy investors. The upcoming listing offers an excellent opportunity for early adopters to gain exposure to this whimsical yet promising project. PiggyPiggy emphasizes community engagement and ecosystem growth with the following token allocation:   65%: Community Rewards (Airdrops, Salaries, Bonuses). 35%: Game Development, Liquidity, Airdrops, and Launch Pool.   All tokens will be unlocked at the TGE, ensuring liquidity and immediate rewards for active participants. More detailed tokenomics will be shared in the coming weeks. The Piggy Piggy airdrop was confirmed on October 17, 2024 on X. Stay tuned to KuCoin news for the updated airdrop details and dates in the upcoming weeks. Source: X   PiggyPiggy Tokenomics PiggyPiggy emphasizes community engagement and ecosystem growth with the following token allocation: 65%: Community Rewards (Airdrops, Salaries, Bonuses). 35%: Game Development, Liquidity, Airdrops, and Launch Pool. All tokens will be unlocked at the TGE, ensuring liquidity and immediate rewards for active participants. More detailed tokenomics will be shared in the coming weeks.   Source: PiggyPiggy on Telegram    Read More:  PiggyPiggy Listing Set for November 12: $PGC Airdrop Coming Soon Early Access Alert: PiggyPiggy Token Now Live for Pre-Market Trading on KuCoin   The PiggyPiggy token, the heart of the PiggyPiggy ecosystem, is now available for pre-market trading on KuCoin. This early trading opportunity lets users get in before the official spot launch, providing a head start to secure PiggyPiggy tokens before the wider market does. Start trading PiggyPiggy on KuCoin today!   Read more: PiggyPiggy (PGC) Project Report   3. Not Pixel Airdrop (November 2024) Source: X   Not Pixel, an NFT-based game, will launch an airdrop allowing players to earn tokens by completing various tasks in the game. Not Pixel (also known as Notpixel) is a Telegram bot and game from the creators of Notcoin. It introduces a new tap-to-earn experience. Users mine colors and paint or repaint on a shared digital canvas. By painting and completing tasks, players earn PX points. These points may convert into tokens once the project TGE (Token Generation Event) happens.   Key Features of Not Pixel Created by the team behind Notcoin Potential for big rewards, similar to Notcoin's success Play-to-earn mechanics through painting and task completion How to Play and Earn in Not Pixel Not Pixel offers a simple and rewarding experience. Users tap to find colors and use them to paint on a shared canvas. Completing tasks and painting earns PX points. These points could become more valuable through an airdrop when the team releases more project details.   This project stands out due to its innovative use of NFTs, creating an engaging gaming experience that blends entertainment with real crypto rewards. Early participants will have the opportunity to benefit from the game's unique mechanics, which could make these tokens highly valuable as the game's popularity grows. Not Pixel’s strong focus on interactive tasks makes it an ideal choice for users who enjoy combining gaming with crypto rewards.   Not Pixel Airdrop Listing Date and PX Token Launch Important Update: The PX token launch is scheduled for November 2024. Key points to remember: PX tokens will be officially launched in November 2024 Exact date within November is still to be announced Stay tuned to official Not Pixel channels for specific launch details 4. Lost Dogs Airdrop (Q4 2024) The Lost Dogs game is a groundbreaking blend of NFTs, interactive storytelling, and community collaboration. With the final chapter fast approaching, now is the perfect time to join the Lost Dogs adventure. Lost Dogs will hold an airdrop for users participating in its Telegram community in Q4. By following the instructions provided in the group, players can claim tokens and become part of a growing community focused on a fun, pet-themed adventure. The game's narrative-driven approach and community engagement make it an appealing choice for users looking to earn crypto while enjoying interactive gameplay. Lost Dogs also features exciting tasks that are designed to keep players engaged, making the token rewards even more enticing.   Lost Dogs isn’t just another NFT project—it’s a revolution in the NFT space. As the first mergeable NFT collection on TON, it offers 2,222 uniquely generated NFTs, each with its own flair and personality. But Lost Dogs has gone beyond static art, blending these NFTs with an immersive game accessible via a Telegram mini-app. Within days, the game attracted a massive player base, eager to participate.   This is no ordinary clicker game; it’s a community-driven adventure where players actively shape the storyline. As you dive deeper into the game, you’ll mine $WOOF tokens and earn $NOT along the way, making decisions that impact the future of the Lost Dogs universe.   Source: X    How to Join the Lost Dogs Airdrop: Step-by-Step Guide Here’s how you can participate in the Lost Dogs airdrop campaign:  Get Started: Launch the Lost Dogs: The Way Telegram bot before September 12th to begin your adventure. Log In Daily: Accumulate $WOOF and $NOT tokens by logging in each day. Vote: Vote on key daily decisions and team up with other players to steer the story. Swap and Connect: Swap BONES for $NOT, and be sure to link your TON Wallet to start earning. Choose Your TON Wallet: You can select either the TON @Wallet or Tonkeeper. For this tutorial, we'll use the Tonkeeper Wallet. Connect Your Wallet: Click on “Connect Wallet.” A prompt will appear, confirming that the app won't move funds without your permission. Verify the Connection: Wait for the wallet to load and confirm that it has been connected. A confirmation message should appear, indicating that your wallet is linked successfully. Join the Lost Dogs Telegram Channel: Ensure you are a member of the Lost Dogs Telegram channel to receive updates on new tasks and airdrop information. Be cautious when linking your wallet. Ensure you are using the official Lost Dogs Telegram bot. Do not share your private keys or passwords with anyone. Only follow instructions from trusted sources.   The DOGS token, the native token of the Lost Dog's play-to-earn game, is now available for trading on KuCoin. Users can now buy and sell DOGS, diving into the opportunities this token offers within the Lost Dog's ecosystem.    5. Major Token Generation Event (TGE) (Q4 2024) Source: X   The Major project is preparing for its Token Generation Event (TGE) in Q4 2024. While specific details remain scarce, this TGE represents an important moment for early adopters and investors. Participating in the TGE offers the chance to gain early access to tokens that could appreciate in value as the project gains traction in the market. MAJOR, a play-to-earn platform, will launch its airdrop in early November. Players can complete missions to earn tokens, which will become tradable after the official listing.   Source: X   Major Tokenomics According to Official X Account 80% for Community 60% goes to the current players, no locks 20% goes for the future community incentives, farming and new phases. 20% Marketing and Development: Allocated for the marketing activities, liquidity and future development, with the major portion subject to a 10-month vesting period.   Source: X   According to the announcement, 80% of the tokens will be distributed to current players and the community without any restrictions, allowing them immediate access to their rewards.   An additional 20% is set aside for future rewards, such as farming and game updates, to maintain player engagement – namely marketing and development.   6. TON Station Massive Airdrop and TGE: Exciting $SOON Airdrop (End of November 2024) TON Station has announced an exciting new airdrop to the crypto community at the end of November. The anticipation is building as the platform is growing by the day. TON Station is a decentralized platform specializing in exclusive airdrops via Telegram. According to their official X account, TON Station’s main objective is to become a premium game distribution platform, offering exclusive games, top-notch content, and airdrops from Web3 gaming leaders. It also aims to be a top SocialFi platform, featuring seasonal content with unique rewards and more.   By engaging in different activities, users earn rewards in cryptocurrency, making it an easy entry point into digital assets. The platform has gained popularity for simplifying access to crypto and helping newcomers engage without complex technical hurdles.   This is more than an airdrop and TGE—it represents a key effort to make crypto accessible to a wider audience. Here’s what this partnership aims to achieve: Attract New Users: The airdrop will attract a new wave of participants to the platform. Increase Engagement: It will foster stronger interaction within Telegram’s crypto communities. Boost Liquidity: TON Station’s TGE aims to boost their liquidity right after the event. TON Station is looking to establish themselves more firmly within the evolving DeFi ecosystem. The upcoming TGE and airdrop is looking to establish greater involvement in decentralized finance, creating lasting impacts and driving user engagement with TON Station.   TON Station’s massive TGE marks a significant step in bringing more users into decentralized finance. Stay tuned to KuCoin for further announcements—exciting days lie ahead as TON Station continues to push the boundaries of what's possible in the blockchain world.   Read More: What Is TON Station Telegram Game and How to Claim the $SOON Airdrop?   Source: X   Conclusion November 2024 promises an array of exciting opportunities for those looking to engage with new crypto projects through airdrops and token listings. These events provide unique chances to earn valuable rewards, get involved in promising ecosystems, and benefit from early adoption. Staying informed and ready for these airdrops can give you a significant edge in navigating the fast-paced world of cryptocurrency. Keep an eye on these dates and make the most of the opportunities ahead with KuCoin.   Read more: October’s Top Crypto Airdrops: X Empire, TapSwap & MemeFi and More

At 8:00 AM UTC+8, Bitcoin was priced at $72,344, showing a -0.54% decrease, while Ethereum stood at $2,659, up by +0.77%. The market's 24-hour long/short ratio in the futures market was almost balanced at 49.8% long versus 50.2% short positions. The Fear and Greed Index, which measures market sentiment, was at 77 yesterday, indicating a "Extreme Greed" level and has maintained 77 today, increasing the crypto market to Extreme Greed territory.    What is Trending in the Crypto Community  In October, the U.S. saw an ADP employment increase of 233,000, surpassing expectations and prior figures. The Q3 real GDP annualized growth was 2.8%, falling below forecasts and prior results. Meanwhile, the core PCE price index rose by 2.2%—higher than anticipated but lower than previous levels. Additionally, real personal consumption expenditures climbed by 3.7%, exceeding both prior values and expectations. Microsoft shareholders have begun preliminary voting on whether the company should invest in Bitcoin. MicroStrategy plans to raise $42 billion over the next three years to buy more Bitcoin. U.S. Bitcoin spot ETFs saw a net inflow of $4.73 billion over the past 13 trading days. Vitalik Buterin previously donated 400 ETH from meme coin sales to a Ukrainian charity. The amount bet on the U.S. presidential election on Polymarket has exceeded $2.7 billion. Canadian-listed company Sol Strategies sold $1.71 million worth of Bitcoin and increased its holdings by 12,389 SOL.     Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change MKR/USDT +8.56% LINK/USDT +4.16% AAVE/USDT +3.73% Trade now on KuCoin   Read More: BTC Surpasses $73,000, SUI Surges Amid Strong Ecosystem Performance: Oct 30   Bitcoin Set to Hit $100K by January 2025 — 10x Research 10x Research analysts say Bitcoin could reach $100,000 by January 2025, driven by strong institutional interest and bullish market signals. Despite Bitcoin nearing a new high, retail trader interest remains low.   The $100,000 price target is based on their model, which recently triggered two buy signals, the latest on October 14. The model claims an accuracy rate of 86.7% over the last 15 signals. Analysts explained that when Bitcoin hits a six-month high, it typically sees a 40% return over the next three months. At the current price of $73,000, a 40% rise would push Bitcoin past $101,000 by January 27, 2025.   Bitcoin buy signal. Source: 10x Research   Institutions like BlackRock are treating Bitcoin as a long-term stable asset—digital gold. 10x Research explained, "Gold has always been seen as a safe haven asset, so if Bitcoin is the new digital gold, it makes sense that institutions would be interested." In October alone, spot Bitcoin ETFs brought in $4.1 billion worth of Bitcoin.   Spot Bitcoin ETF monthly flows. Source: 10x Research   Read More: BlackRock's Bitcoin ETF IBIT Gains $329M Amid Bitcoin Dip   Bitcoin Nears All-Time High, Retail Still Unmoved Bitcoin touched $73,562 on October 29, just shy of its all-time high, but later settled around $72,300. Despite this rally, retail interest remains low. Google search data shows “Bitcoin” is at 23 out of 100 compared to May 2021's peak.   Search interest in “Bitcoin” since October 2019. Source: Google Trends   Crypto analyst Miles Deutscher noted that Bitcoin is close to breaking its all-time high, yet retail traders seem uninterested. Coinbase’s app ranks 308th in the Apple App Store, far below its typical top-50 rank during bull runs. It did, however, jump 167 spots between October 28 and 29, hinting at renewed interest.   CryptoQuant analysts said retail investors are slowly returning but are being outpaced by larger investors. Historically, retail activity lags behind rallies, often joining only after big gains are made.   GRASS Becomes Biggest Solana Airdrop With 1.5 Million Claims The GRASS token airdrop on Solana set a record, with 1.5 million addresses claiming tokens. This makes it the most claimed airdrop on Solana so far, according to Dune Analytics. GRASS is the governance token for a Solana-based DePin project.   Source: https://dune.com/asxn_r/grass-claims   The launch was so popular it caused an outage in Phantom, Solana's biggest wallet. Over 2.8 million wallets are eligible for GRASS, with 5 million addresses able to claim eventually, said Andrej Radonjic, CEO of Wynd Labs. It’s important to note that users may have multiple addresses, so GRASS isn't necessarily the most held token in terms of unique users.   GRASS is a viral crypto project that scrapes and cleans web data to train AI bots. Users get GRASS tokens for sharing their bandwidth. Andrej Radonjic noted that users are finally receiving ownership for sharing their bandwidth, challenging a decades-long trend of companies exploiting user data for profit. The token is also used to stake on the network and pay for bandwidth.    GRASS token price on KuCoin   Read More: What Is Grass Network (GRASS) and How to Earn Passive Income from It?   Robinhood’s Q3 Crypto Volumes Climb to $14.4 Billion, More Than Double From Last Year Robinhood reported Q3 earnings, showing a strong interest in cryptocurrency trading. Crypto volumes hit $14.4 billion, up 112% from last year. Equity trading also rose, reaching $286.2 billion, a 65% increase. Despite this growth, crypto trading has slowed compared to earlier quarters—down from $21.5 billion in Q2 and $36 billion in Q1.   Transaction-based revenue grew by 72% year-over-year to $319 million. Cryptocurrency trading brought in $61 million, up 165% from last year. Assets under custody (AUC) rose 76%, boosted by net deposits and rising stock and crypto values.   Robinhood reported $0.17 per share earnings for Q3, compared to a loss of $0.09 per share last year. Revenue was $637 million, just below the expected $650.67 million. CFO Jason Warnick said, “Q3 was another strong quarter, as we drove 36% year-over-year revenue growth.”   Robinhood is also expanding support for Bitcoin and Ethereum futures. The company introduced event contracts, letting users bet on outcomes of events like the U.S. presidential election.   Conclusion The crypto landscape is buzzing with activity, from Bitcoin’s predicted climb toward $100,000, fueled by institutional interest, to retail investors slowly re-entering the scene. GRASS has set a new record as the most-claimed airdrop on Solana, highlighting strong community engagement in decentralized projects. Meanwhile, Robinhood continues to show growth, with crypto trading volumes more than doubling year-over-year. However, the lackluster interest in Bitcoin on Google Trends paints a complex picture of whether retail investors are sufficiently drawn to "digital gold" during this current bull run.

At 8:00 AM UTC+8, Bitcoin was priced at $72,736, showing a 3.97% increase, while Ethereum stood at $2,638, up by 2.78%. The market's 24-hour long/short ratio in the futures market was almost balanced at 51.8% long versus 48.2% short positions. The Fear and Greed Index, which measures market sentiment, was at 72 yesterday, indicating a "Greed" level and has increased to 77 today,  increasing the crypto market to Extreme Greed territory.    Quick Take  Bitcoin briefly hit $73,620 before pulling back, coming just $150 short of its all-time high. Bitcoin reached a new peak against the Mexican Peso. Total trading volume of U.S. spot Bitcoin ETFs surpassed $4.5 billion, with BlackRock's spot Bitcoin ETF trading volume reaching $3.3 billion, the highest in six months.  The total market cap of Memecoins on Solana surpassed $12 billion, marking a new all-time high. Alphabet's Q3 revenue and earnings per share exceeded expectations. Circle plans to increase the exchange fee for the USDC stablecoin. Besides, Circle will jointly release a privacy ERC-20 framework in collaboration with Inco Network. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change GOAT/USDT +10.77% SUI/USDT +10.24% GRASS/USDT +16.04%   Trade now on KuCoin   Read More: X Empire Token Launches on KuCoin, Solana Network's Daily Fees Revenue Reaches New Highs: Oct 25   Bitcoin Set for "Perfect Storm" to New All-Time High as it Surpasses $73,000 with a 3.97% Increase in 24 Hours BTC/USDT price chart | Source: KuCoin   Bitcoin is poised for significant price action which suggests a "perfect storm" which may push it to a new all-time high soon. Several factors are aligning: uncertainty surrounding the upcoming U.S. presidential election, market optimism related to Donald Trump's potential victory, and historically bullish Q4 trends.   The potential influence of a Trump victory, combined with positive seasonality, could lead to strong gains for Bitcoin. Despite volatility driven by geopolitical unrest in the Middle East and macroeconomic challenges in the U.S., Bitcoin's price has rebounded sharply in recent weeks. Analysts see these conditions as creating a unique window of opportunity for the digital currency.   Currently, Bitcoin's price sits at $72,736, marking a 3.97% increase in the past 24 hours. This is the highest level in nearly five months, with many investors feeling confident about continued growth leading into the election.   Read more: Bitcoin Soars Past $62,000 Following Trump Assassination Attempt: The Trump Effect   Dive Into More Bullish Coins: SUI, DEEP, MOVE SUI experienced a notable surge of 10% today, breaking through the $2 mark, signaling strong momentum in the Sui ecosystem. This bullish movement was accompanied by significant gains across other ecosystem tokens, highlighting broader investor confidence.      DEEP led the way with a remarkable 30% increase, while MOVE followed closely with a 36% rise. NAVX also showed positive momentum, climbing 16%, and CETUS gained 10%, reflecting a comprehensive uptrend across the network. The synchronized rally in these tokens suggests growing enthusiasm and adoption within the Sui ecosystem, possibly driven by new developments, partnerships, or market sentiment favoring the project.   Read More: Top Sui Memecoins to Watch in 2024-25   NBA Topshot NFT Sales Hit Six-Month High as 2024 Season Begins Source: CryptoSlam   The start of the 2024-2025 NBA season has reignited interest in NBA Topshot NFTs, leading to the highest weekly sales in over six months. As the Boston Celtics and New York Knicks tipped off the new season on October 22, excitement spilled over into the NFT market.   Weekly sales for NBA Topshot NFTs reached 43,600 as of October 27, representing a significant 94% increase from the previous week. This spike comes after a period of stagnation, where sales dropped to an average of 26,000 NFTs during and after the playoffs.   The renewed activity highlights how key events like the start of a new sports season can have a tangible impact on NFT sales. With the current trend, analysts believe that NFT activity related to basketball will continue to rise throughout the season, driving both fan engagement and market activity.   Solayer and OpenEden Launch Yield-Based Stablecoin on Solana Solayer’s sUSD minting diagram. Source: X   Solayer and OpenEden have launched a new yield-based stablecoin on the Solana blockchain, named sUSD, which is backed by U.S. Treasury bills. This stablecoin marks the first of several tokenized real-world assets (RWAs) that Solayer plans to offer, allowing users to access investment opportunities with as little as $5.   The sUSD operates as a request for quote (RFQ) marketplace, where users can deposit USD Coin (USDC) and receive sUSD tokens in return. The stablecoin aims to bring more accessible financial products to a broader audience by leveraging the power of tokenization.   Solayer has already facilitated nearly $300 million in restaked total value locked (TVL) on its platform. Experts predict that the market for tokenized RWAs could grow 50 times by 2030, representing a massive opportunity. The sUSD stablecoin seeks to capture early adopters interested in both blockchain technology and secure yield-bearing assets like U.S. Treasury bills.   Read more: Restaking on Solana (2024): The Comprehensive Guide   Musk's AI Startup xAI Seeks $40 Billion Valuation in New Funding Round xAI is aiming to raise several billion dollars in an upcoming funding round that could push its valuation to $40 billion, representing a $16 billion increase from its $24 billion valuation after a $6 billion raise in the spring, according to the Journal. Though the funding discussions are still in early stages and could change or fall through, the potential growth reflects significant market interest in xAI. The company has yet to comment on the matter, as noted by Forbes.   Elon Musk's AI startup, xAI, is aiming to raise funds at a valuation of around $40 billion. The company recently held discussions with investors to support its next phase of growth. This follows an earlier valuation of $24 billion after a successful $6 billion fundraising round in the spring. xAI tries to keep up with increasingly higher valuations at rival companies such as OpenAI.   xAI raised funding from Andreessen Horowitz, Sequoia Capital, and Fidelity. The startup, known for its "Grok" chatbot on Musk's social platform X, plans to use the cash to launch its first products and speed up research. xAI is hiring for many roles, as seen on its careers page. Since the funding, xAI has grown rapidly, building a massive data center in Memphis this summer. The center runs 100,000 Nvidia chips at once, giving xAI unmatched computing power to train its AI model, according to Semafor.   As part of its growth strategy, xAI plans to double the number of graphics processing units (GPUs) at its Memphis data center—from 100,000 to 200,000. This expansion aims to improve xAI's computational power to support its advanced AI research and development efforts. NVIDIA's CEO has praised xAI for rapidly setting up the data center and scaling its operations in a short amount of time.   Read More: Top 15 AI Crypto Coins to Know in 2024   Conclusion Recent market shifts and project updates reveal exciting growth across various sectors of the blockchain and AI landscapes. Bitcoin's surge past $73,000 shows strong investor sentiment amid political uncertainties and seasonal bullish factors. The Sui ecosystem also saw impressive gains, with tokens like DEEP and MOVE leading the charge, showcasing rising enthusiasm. As the U.S. election approaches on November 5, we may expect increased volatility in the crypto market, creating unique opportunities for seasoned traders in options and futures. However, investors should remain vigilant during these volatile times and take necessary steps to mitigate risks.

As of October 29, Bitcoin's market performance remains robust, with the price around $71,299, marking a 5.13% increase in the past day and pushing Bitcoin's market cap to $1.41 trillion. Bitcoin's market dominance is approximately 58.6%, fueled by steady inflows into spot Bitcoin ETFs and heightened bullish sentiment ahead of the upcoming U.S. election.   The Fear and Greed Index currently reads 72, placing it in the "Greedy" zone—an indicator of market optimism and investor confidence as prices remain strong. In the futures market, the long-short ratio reflects a predominantly bullish outlook, with a majority of traders favoring long positions. This trend aligns with substantial institutional inflows into Bitcoin-focused financial products, collectively reinforcing Bitcoin’s positive momentum as the final U.S. presidential election nears on November 5, 2024.    Quick Take  Forbes: Central banks worldwide are increasing their research on Bitcoin. Robinhood launches U.S. presidential election derivatives trading. Solana’s market cap surpasses PayPal,  Reaches $83.63 Billion.  Coinbase report: Solana network activity is mainly concentrated in U.S. time zones, with DEX-related activities accounting for 75%-90% of total successful transaction fees. Swell L2 announces migration to Optimism Superchain. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change MOG/USDT +17.28% DOGE/USDT +16.01% RUNE/USDT +14.61%   Trade now on KuCoin   Read More: Tether Transparency, Arkham Expands to Solana, and Vitalik's Ethereum Vision of “the Purge”: Oct 28   Bitcoin's Market Dominance Nearing 60%  BTC/USDT price chart | Source: KuCoin   Bitcoin nears 60% market dominance, signaling a shift as investors prioritize its stability over altcoins. With a 10% rise in dominance this month, Bitcoin emerges as a "flight to quality" asset in uncertain markets, while altcoins continue to show lackluster market performance compared to the leading coin.    Last year, Bitcoin's market share dropped below 40%. It hit a low during a prolonged bear market with declining values and shaken confidence. Since then, Bitcoin steadily regained strength. Growing institutional interest, regulatory developments, and its reputation as a hedge against economic uncertainty drove this trend. Experts predict more growth in Bitcoin's dominance.   Bitcoin's recent surge is driven by a combination of technical momentum and substantial capital inflows, reinforcing its bullish outlook. For the week ending Oct. 25, Bitcoin funds recorded $920 million in inflows, pushing year-to-date inflows to an impressive $25.4 billion, as reported by CoinShares. This momentum followed an even larger wave of inflows into the 11 U.S. spot Bitcoin ETFs, which accumulated over $2.1 billion in net inflows just a week earlier, according to Farside Investors.   Additionally, Bitcoin's chart saw a significant technical event known as a “golden cross,” where its 50-day moving average surpassed the 200-day moving average. This bullish signal often indicates potential for a sustained price breakthrough, and with robust inflows and positive market sentiment, Bitcoin appears well-positioned for continued growth.   Solana's Flips Ethereum in Daily Transaction Fees  Solana recently overtook Ethereum in daily transaction fees, generating $2.54 million in 24 hours, surpassing Ethereum’s $2.07 million . This surge places Solana among the top fee-generating blockchains and shows growing market activity. Increased activity on Raydium, a major decentralized exchange on Solana, drove the spike in fees. Raydium's fast transactions and lower costs attracted more traders and liquidity, boosting Solana's volume.   Protocols by 24 hour fees. Source: DefiLlama   The rise in Solana's fees shows its scalability and ability to handle demand without slowdowns or cost spikes. This makes Solana appealing for DeFi projects, NFTs, and other blockchain applications needing high throughput and efficiency.   While Solana's gains impress, Ethereum still leads in overall fee generation. In the past month, Ethereum generated $134.6 million in fees. Its established ecosystem, strong developer community, and wide range of applications keep Ethereum as the leading blockchain. However, Solana's rapid growth suggests it could play a more important role in the future as projects seek alternatives to Ethereum's high fees and scalability issues.   Read More: X Empire Token Launches on KuCoin, Solana Network's Daily Fees Revenue Reaches New Highs: Oct 25   Base Leads in Stablecoin Volume Base, an Ethereum layer-2 network, recently led the market in stablecoin volume. On October 26, Base accounted for 30% of all stablecoin transactions, surpassing other major blockchains. This milestone and record transaction count highlight Base's growing influence and potential as a key player in the stablecoin market.   Stablecoins are essential to the crypto market. They bridge traditional and decentralized finance and provide a stable medium of exchange. Base's leadership in stablecoin volume shows that layer-2 solutions are crucial for scaling Ethereum's capabilities and solving issues like high fees and congestion. By offering faster and cheaper transactions, Base positions itself as a valuable platform for stablecoin users seeking efficiency.   After Base's surge in stablecoin volume, Solana and Ethereum also showed strong activity. Solana captured 25% and Ethereum took 20%. The competition to attract stablecoin transactions shows the growing demand for efficient blockchain solutions. Circle CEO Jeremy Allaire suggested that if this trend continues, USDC could reach an annual transaction rate of $6.6 trillion on Base alone, highlighting its growing role in the financial system.   Read More: Top Types of Stablecoins You Need to Know in 2024   Conclusion Despite setbacks, such as a dip following news of a Tether investigation, Bitcoin has demonstrated resilience. Meanwhile, networks like Solana and Base highlight continued growth potential for altcoins, particularly in DeFi, NFTs, and stablecoin transactions. With heightened volatility likely as the U.S. election on November 5 approaches, the crypto market may see dynamic shifts in the coming weeks.   Read more: Solana vs. Ethereum: Which Is Better in 2024?

KuCoin has launched pre-market trading of Grass (GRASS), generating excitement ahead of the upcoming GRASS airdrop. The average pre-market price currently stands at 0.87 USDT, showing a promising trend. With the GRASS Airdrop One scheduled for October 28, 2024, at 13:30 UTC, traders and participants are preparing to secure their positions before the official token launch.   Quick Take The GRASS token is currently trading at an average price of 0.87 USDT on KuCoin pre-market.  For the first Grass Network airdrop, 100 million GRASS tokens—10% of the total supply—will be given out.  Those eligible to receive tokens during the Grass airdrop campaign include Alpha testers, GigaBuds NFT holders, and other contributors to the network. As per the project roadmap, the GRASS token will be used for governance, staking, accessing bandwidth, and paying transaction fees within the Grass network. What Is Grass Network (GRASS)?    The Grass Network is designed to change how internet connectivity works by letting users sell unused bandwidth through a decentralized model. This contrasts with traditional networks, where corporations control data and profits. With Grass, users earn passive income while maintaining ownership over their contributions.   The infrastructure includes routers that connect nodes across regions, ensuring low-latency web traffic. Additionally, the network features Live Context Retrieval (LCR) to provide a transparent search experience without advertising interference. This approach aims to build the first user-owned map of the internet by empowering participants through decentralization.   Read more: What Is Grass Network (GRASS) and How to Earn Passive Income from It?   When Is the Grass Airdrop?  Source: Grass Foundation on X    The Grass Airdrop One is scheduled for October 28, 2024, at 13:30 UTC. To be eligible, users must have earned 500 or more Grass Points during any epoch and linked their Solana wallet to the Grass dashboard by October 14, 2024, at 20:00 UTC. This airdrop rewards early supporters and contributors, marking an important milestone in the development of the Grass Network​.    Read more: Top DePIN Crypto Projects to Know in 2024 GRASS Airdrop Breakdown and Eligibility Source: Grass Foundation on X    The Grass Foundation's first airdrop distributes 100 million GRASS tokens, accounting for 10% of the total 1 billion token supply. Allocation details are as follows:   9% to users with 500+ Grass Points during the Network Snapshot (Epochs 1-7). 0.5% to GigaBuds NFT holders, with 515 GRASS allocated per eligible NFT. 0.5% to users who installed the Desktop Node or Saga Application and earned Grass Points. Eligible participants can check their airdrop allocation using the official Grass eligibility tool. Claiming will open soon, and additional allocations are expected as the network evolves.   Incentive Programs and Future Token Releases The phased token release strategy ensures sustainable growth, with only 10% of the supply airdropped initially. The remaining 90% will be released periodically, supporting liquidity, staking incentives, and community-building initiatives.   The referral program offers an additional layer of rewards, giving participants 20% of the points earned by their direct referrals. This approach aligns individual incentives with the network’s long-term expansion goals.   GRASS Token Utility  The GRASS token is central to the network’s goal of creating a user-owned internet. Its design ensures a sustainable balance between governance, staking rewards, and bandwidth access.   Key Use Cases Governance: Token holders propose and vote on network improvements, determine incentive mechanisms, and align on partnerships. Staking Rewards: Users stake GRASS tokens to Routers to facilitate web traffic, earning rewards while contributing to network security. A minimum of 1.25 million GRASS must be staked for each router to become operational. Access to Bandwidth: After decentralization, GRASS will serve as payment for transactions across the network, enabling decentralized scraping of public web data. Users can participate in the Bonus Epoch by downloading the Grass desktop app, connecting their Solana wallets, and earning Grass Points. The referral program offers up to 20% of points earned from referred users, further incentivizing participation and network growth.   GRASS Token’s Price Performance on KuCoin Pre-Market GRASS pre-market price trends on KuCoin    KuCoin has become a primary exchange for GRASS futures, with pre-market trading starting on October 17, 2024. Here’s a snapshot of the pre-market performance:   Floor Price: 0.76 USDT Highest Bid: 0.67 USDT Average Price: 0.87 USDT Traders are closely monitoring GRASS price trends in the pre-market, preparing for the token’s full launch and upcoming airdrop. The phased token release has fueled speculation while mitigating the risks of market dilution.   When Is the Grass Network (GRASS) Listing Date?  The GRASS token will officially be listed on KuCoin spot trading on October 28, 2024 at 14:00 UTC, after the airdrop. Stay tuned to official channels and KuCoin News for the latest developments surrounding the GLASS token listing and withdrawal timelines.    Read more: Grass (GRASS) Gets Listed on KuCoin! World Premiere!   Rising Fake Airdrops Amid GRASS Token Launch and Airdrop  With the surge in excitement around GRASS, scammers are spreading fake airdrop links across social media. To avoid falling victim to fraud, users should rely only on official announcements from the Grass Foundation or KuCoin. The Grass airdrop eligibility checker is available on the official website, and users are urged to stay vigilant.   Conclusion The GRASS token launch and airdrop signal the beginning of a major initiative to reshape internet ownership. With a focus on governance, staking, and user empowerment, GRASS is positioned to play a significant role in the decentralized web ecosystem. However, participants should remain cautious, as token dilution and price volatility could impact market stability.   As the October 28, 2024 airdrop approaches, users can stay informed through KuCoin and the Grass Foundation's official channels. It’s essential to trade wisely, check eligibility early, and remain vigilant against scams to fully benefit from the GRASS ecosystem.    Read more: October’s Top Crypto Airdrops: X Empire, TapSwap & MemeFi and More

At 8:00 AM UTC+8, Bitcoin was priced at $68,021, showing a 1.38% increase, while Ethereum stood at $2,507, up by 1.02%. The market's 24-hour long/short ratio in the futures market was almost balanced at 50.8% long versus 49.2% short positions. The Fear and Greed Index, which measures market sentiment, was at 74 yesterday, indicating a "Greed" level, but has slightly decreased to 72 today, keeping the crypto market in Greed territory.    Quick Take  Vitalik Buterin: Exploring targeted grants as an alternative to staking ETH. Ethereum Foundation sells ETH to fund developer projects within the ecosystem. Tether CEO Breaks Down USDT Reserves Amid Allegations  and denounced the Wall Street Journal's report as irresponsible. Solana's on-chain DEX daily trading volume led for 17 consecutive days; Base chain ranked third for 7 consecutive days. FTX reached a $228 million settlement with Bybit, allowing it to withdraw $175 million in digital assets and sell $53 million in BIT tokens to Bybit’s investment arm, Mirana Corp. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair  24H Change OM/USDT +9.86% DOGE/USDT +4.67% ORDI/USDT +3.73% Trade now on KuCoin   This past week, the crypto world has been marked by significant shifts, including Tether’s efforts to boost transparency, Arkham Intelligence’s expansion into Solana data, and Vitalik Buterin's roadmap to reduce Ethereum's complexity. Each of these developments highlights major transformations in the crypto ecosystem, bringing new capabilities and insights.   Read More: X Empire Token Launches on KuCoin, Solana Network's Daily Fees Revenue Reaches New Highs: Oct 25   Tether CEO Breaks Down USDT Reserves Amid Allegations   Amid claims that Tether was under investigation by U.S. authorities for violating anti-money laundering laws, CEO Paolo Ardoino provided transparency on the company’s reserves at Lugano's PlanB event. Tether holds $100 billion in U.S. treasuries, 82,000 Bitcoin (worth about $5.5 billion), and 48 tons of gold. Ardoino criticized the Wall Street Journal's report, denying any investigation and highlighting Tether's role in helping law enforcement retrieve illicit funds. Since 2014, Tether has assisted in recovering over $109 million linked to cybercrime and sanctions evasion. Ardoino also voiced concerns about the U.S. regulatory environment, citing the lagging policies that push innovative crypto firms to relocate abroad. Despite these issues, Tether remains optimistic, expecting changes in crypto regulations post-2024 U.S. elections. As of October, USDT reached a market cap of $120 billion—seen as a positive sign for the broader crypto market.   Tether tokens in circulation. Source: Tether   Arkham Adds Solana Data to Its Crypto Intelligence Platform   Arkham Intelligence has expanded its crypto tracking capabilities by adding Solana blockchain data to its platform. This update enables users to monitor large fund movements, receive real-time trading alerts, and follow Solana's top traders and investors. Solana, the fifth-largest blockchain by market cap, has become a hub for memecoin trading, particularly popular for its low fees and quick transactions. Arkham’s move aims to bring greater transparency and monitoring capabilities for Solana, providing more detailed data on transactions and market trends. The addition of Solana comes as part of Arkham's mission to broaden its blockchain coverage, giving users more robust tools for tracking and analysis in an increasingly diversified crypto ecosystem.   Source: X   Read more: Top Crypto Projects in the Solana Ecosystem to Watch in 2024   The Purge - Vitalik Buterin’s Plan to Address Ethereum Bloat   Ethereum’s co-founder Vitalik Buterin presented "The Purge," a proposed roadmap to reduce the blockchain’s "bloat" and complexity. Bloat occurs as Ethereum accumulates new features and stores massive amounts of historical data, which has made running a node challenging due to high storage requirements.    Chart depicting the current data required for full sync on the Ethereum network. Source: ycharts   Currently, an Ethereum node requires about 1.1 terabytes of storage for execution, adding a burden on individual participants. Buterin's solution involves reducing the necessity for every node to store all historical data while maintaining network redundancy. His plan includes having nodes store only a portion of the blockchain’s history, thereby reducing costs while maintaining the blockchain’s integrity. Buterin also discussed expiring old blockchain state information to reduce storage needs further. This approach would help Ethereum stay scalable, secure, and accessible in the long term. "The Purge" is just one of several updates Buterin has suggested, alongside plans like "The Scourge" to mitigate centralization risks and "The Verge" to simplify computational processes, making Ethereum node management possible even for smaller devices like smartwatches.   The Purge roadmap showing the plan to simplify the protocol and eliminate technical debt. Source: vitalik.eth   Read more: What Is The Surge Phase in Ethereum 2.0 Upgrade?   Conclusion   The cryptocurrency ecosystem is transforming, as exemplified by Tether’s transparency efforts amid controversy, Arkham Intelligence’s expansion into Solana, and Vitalik Buterin’s vision for Ethereum’s future. These moves demonstrate a maturing market, seeking better compliance, transparency, and scalability. As blockchain technology continues to evolve, staying informed is vital for those engaged in this dynamic space. Each of these developments, in its own way, points toward a more inclusive, transparent, and efficient digital economy.

Raydium, a decentralized exchange (DEX) on the Solana blockchain, achieved a historic feat by generating more fees than Ethereum within 24 hours. On October 21, data from DefiLlama confirmed that Raydium earned $3.4 million in fees, edging out Ethereum’s $3.35 million. This surge underscores the growing traction of Solana-based DeFi protocols in the decentralized finance (DeFi) space.   Quick Take Raydium briefly outperformed Ethereum with $3.4 million in fees on October 21. Raydium’s success reflects Solana’s increasing dominance in DeFi. RAY token hit its highest price since March 18, driven by increased trading volume. Raydium handled more volume than Uniswap despite being available on fewer chains. Analysts expect Raydium’s upward trend to continue, with targets set above $3.5. Despite Ethereum reclaiming its lead with $3.7 million in fees shortly after, Raydium’s ability to surpass it, even temporarily, marks a significant shift in the DeFi market.   Solana's Dominance Drives Raydium’s Trading Volume Over $1B Raydium’s TVL | Source: DefiLlama   Raydium's growth aligns with Solana’s expanding DeFi ecosystem. Over the last month, the platform's trading volume surged by 64%, supported by increased interest in Solana's memecoins, such as Popcat (POPCAT) and Cat in a Dogs World (MEW). As of October 23, Raydium managed over $1.2 billion in trading volume, reinforcing its role as a top-tier DEX.   The influx of liquidity and trading activity contributed to the rise in Raydium’s total value locked (TVL), peaking at $1.93 billion at the time of writing. This increase in TVL mirrors the broader trend on Solana, which reached a network TVL of $6.67 billion—approaching Tron’s level and signaling intense competition within the DeFi sector.   Read more: Top Decentralized Exchanges (DEXs) in the Solana Ecosystem   Raydium Processed Higher $10.3B in Transactions, Overtaking Uniswap In another remarkable development, Raydium managed more volume than Uniswap, one of the most dominant DEXs in the industry. Over the past week, Raydium processed $10.31 billion in transactions compared to Uniswap’s $10.03 billion, despite Uniswap being available on 19 different chains.   This surge highlights Raydium’s strategic advantage, particularly in leveraging Solana’s high-speed, low-cost infrastructure, which attracts traders looking for efficiency. With Solana’s memecoin frenzy driving higher volumes, Raydium has cemented itself as a key player in the DeFi sector.   Raydium Price Prediction: RAY Price Rallies 157% Since August RAY/USDT price chart | Source: KuCoin   Raydium’s native token (RAY) has experienced bullish momentum over the past few weeks, outperforming major DEX tokens like PancakeSwap and dYdX. The RAY token hit a recent high of $3.18, representing a 157% increase from its lowest point in August. Analysts suggest that the token could continue its upward trend, with the next target set at $3.5.   Key technical indicators such as the Relative Strength Index (RSI) and the MACD signal sustained bullish momentum. The “golden cross” pattern, where the 50-day moving average crosses above the 200-day moving average, further confirms the bullish trend.   Can Token Unlocks Pressure RAY Price in the Future? While Raydium's growth is impressive, it faces some challenges. Future token unlocks may introduce volatility, with 263 million RAY tokens currently in circulation out of a maximum supply of 550 million. Additionally, competition from other DEXs and potential regulatory hurdles could impact its trajectory.   Looking ahead, Raydium’s success will be closely tied to the broader growth of Solana’s ecosystem. With Solana gaining traction in DeFi and NFTs, Raydium is well-positioned to capitalize on this momentum. Analysts predict steady growth through 2024, with price targets ranging between $5 and $10.     Final Thoughts Raydium’s recent performance showcases the growing influence of Solana-based protocols in the DeFi sector. As the platform continues to expand its trading volume and liquidity, it challenges long-standing giants like Ethereum and Uniswap.   Raydium's ability to sustain this growth will depend on its capacity to innovate and adapt to market changes. If the current trends persist, Raydium could cement itself as a dominant force in decentralized finance, marking a pivotal shift in the DeFi landscape.   Read more: Top Decentralized Exchanges (DEXs) to Know in 2024

At 8:00 AM UTC+8, Bitcoin was priced at $68,200, showing a 2.30% increase, while Ethereum stood at $2,536, up by 0.45%. The market's 24-hour long/short ratio in the futures market was almost balanced at 49.7% long versus 50.3% short positions. The Fear and Greed Index, which measures market sentiment, was at 69 yesterday, indicating a "Greed" level, but has slightly increased to 72 today, keeping the crypto market in Greed territory. The US October S&P Global Manufacturing PMI preliminary value came in above expectations, and the same was true for the Services PMI.    Quick Take  Wall Street is preparing trades that could benefit if Trump wins over Harris, according to the Wall Street Journal. US spot Bitcoin ETFs have collectively surpassed 1 million BTC in total on-chain holdings. Tomarket's user base exceeded 40 million, with its Token Generation Event set for October 31. MicroStrategy's stock price surged above $230 on Thursday, reaching its highest level in nearly 25 years and setting a new peak since the company began its Bitcoin acquisition strategy in 2020. Microsoft added "evaluation of Bitcoin investment" as a voting item for the December shareholder meeting. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change SAFE/USDT +70.47% MEW/USDT +13.31% RAY/USDT +7.11%   Trade now on KuCoin   Bitcoin's Evolution Toward a Stable Currency by 2030: Analysis from CryptoQuant CEO Over the past three years, Bitcoin mining difficulty has experienced a substantial increase, rising by 378%. This surge has largely been fueled by considerable institutional investments in large-scale mining operations, thereby intensifying entry barriers for individual miners. Ki Young Ju, CEO of CryptoQuant, argues that this trend may ultimately prove advantageous for Bitcoin, suggesting that increased mining difficulty could act as a precursor to Bitcoin's transformation into a stable currency by 2030.   Source: CryptoQuant Mining Difficulty    Ju argues that the increasing influence of institutional actors within the Bitcoin mining sector will contribute to reduced market volatility. The anticipated influx of major fintech players is expected to catalyze the widespread adoption of stablecoins over the next three years, which may lay the groundwork for Bitcoin's utilization as a common transactional currency following the next halving event in 2028. The centralization of computational resources driven by institutional participation is expected to bolster the stability of the Bitcoin ecosystem—a critical prerequisite for its evolution into a widely adopted currency.   X Empire Token Launches on KuCoin The Elon Musk-themed game X Empire recently launched its token on The Open Network (TON). $X is a token based on the TON blockchain, designed to power the X Empire. X Empire combines AI, NFTs, and Web3 technologies and is available for trading on KuCoin starting Oct. 24.   X/USDT price chart | Source: KuCoin    The X Empire (X) token was launched on major exchanges, including KuCoin, on October 24. $X began trading at $0.000096, dropped to $0.00005, and briefly rebounded to $0.00013 before declining again. Market participants had generally expected a price closer to $0.0002. At its current valuation, X Empire's market capitalization sits just below $40 million—significantly lower than Catizen's $106 million, Hamster Kombat's $217 million, and far beneath Notcoin's $786 million.   The developers of X Empire have outlined plans to release multiple Telegram applications designed to offer exclusive benefits to token holders, including a news feed and a language learning platform. Additionally, the team teased an upcoming announcement via Telegram, stating, "One month until something big," on Thursday.    Solana's Daily Fee Revenue Reached New Highs at $8.7M  Solana TVL and fees. Source: DefiLlama   Solana continues to build momentum with its recent surge in network revenues capturing the attention of the crypto community. Positioned as a fierce competitor to Ethereum, Solana's recent economic achievements show its growing presence and influence. Let's dive into the key developments.   Layer-1 blockchain Solana has once again broken network revenue records. On October 23, it generated approximately $8.7 million in network activity value, up from just under $8 million the previous day, according to Blockworks Research. This includes revenue from base fees, priority fees, and tips, highlighting Solana's growing economic footprint.   One key factor driving Solana's rise has been the surge in celebrity coin trading on Solana-based memecoin platforms like Pump.fun and Moonshot. The activity on these platforms has drawn attention and bolstered Solana’s reputation.   Furthermore, on October 21 Solana’s decentralized exchange Raydium generated $3.4 million in fee revenue, surpassing Ethereum's $3.35 million in the same period. This is another achievement for Solana, especially as Ethereum struggles to recover from a significant revenue drop following its March Dencun upgrade, which led to a 95% reduction in transaction fees.   Read more: Solana vs. Ethereum: Which Is Better in 2024?   Conclusion These recent developments underscore the volatility, unpredictability, and complexity that define the cryptocurrency sector. Bitcoin's prospective journey toward increased stability could represent a significant milestone for its mass adoption by 2030. Conversely, initiatives such as the Elon Musk-themed X Empire token highlight the inherent challenges and unpredictability involved in launching new tokens. On top of that, Layer-1 blockchain Solana has once again broken network revenue records. Moreover, the suspected stolen government-linked crypto holdings emphasizes the enduring risks associated with digital asset security. As the landscape continues to evolve, each event holds the potential to significantly shape the trajectory of digital assets. The journey of cryptocurrencies is far from complete, and stakeholders must maintain vigilance as this dynamic environment continues to unfold.

At 8:00 AM UTC+8, Bitcoin  was priced at $66,665, showing a 1.12% drop, while Ethereum stood at $2,524, down by 3.73%. The market's 24-hour long/short ratio in the futures market was almost balanced at 49.5% long versus 50.5% short positions. The Fear and Greed Index, which measures market sentiment, was at 69 yesterday, indicating a "Greed" level, though slightly down from 71 recorded 24 hours earlier. The crypto market remains in Greed territory today, with the Crypto Fear & Greed Index slightly decreasing from 70 to 69. Despite recent fluctuations, the overall market leans towards greed.   Quick Take  The crypto market saw a dip, with Bitcoin briefly falling to $66,000 and Ethereum dropping 5%, while Solana held steady. Tesla revealed it continues to hold $184 million in Bitcoin, showing its long-term commitment to the asset despite market volatility.  Investor sentiment remains cautious due to global uncertainties and the upcoming U.S. election, adding to market hesitancy. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair  24H Change GOAT/USDT +37.01% POPCAT/USDT +18.05% MEW/USDT +15.49%   Trade now on KuCoin   Crypto Market Slides: Bitcoin Dips to $66k, Ether Slides 5%, Solana Holds Firm BTC/USDT price chart | Source: KuCoin   Cryptocurrencies experienced a selloff in parallel with traditional financial markets on Wednesday. Bitcoin saw a decline of 2.3%, falling to $66,000 before recovering above $67,000, while Ethereum took a harder hit, dropping 5.3% to below $2,490. The broader crypto market, represented by the CoinDesk 20 index—tracking the top 20 cryptocurrencies by market cap—fell by 2.6%. Chainlink suffered the worst losses, slumping 7.6%, while Internet Computer managed to rise 1%, the only token to defy the downtrend. This selloff, occurring alongside traditional market downturns, highlights investor hesitancy amidst current global uncertainties.   Solana Outshines Ethereum, Reignites Debate on Blockchain Roadmaps SOL/USDT price chart | Source: KuCoin    One of the standout performances came from Solana, which held steady amidst the market declines. The SOL/ETH trading pair surged 6.3%, setting a new all-time high, while ETH/BTC hit its lowest point since April 2021. This strong showing from Solana has reignited debates around Ethereum's roadmap. According to Brian Rudick, director of research at GSR, Ethereum's underperformance must be analyzed in the broader context. He pointed out that the recent success of spot Bitcoin ETFs and the revival of Solana following the FTX collapse were unique events that helped BTC and SOL significantly outperform ETH. Rudick emphasized that, discounting the FTX collapse, Ethereum's performance since the 2021 crypto peak has actually been on par with Solana’s, suggesting that the current sentiment might be skewed by recent developments rather than longer-term trends.   Political Uncertainty and Upcoming U.S. Election Weigh on Sentiment Adding to the bearish sentiment is the uncertainty surrounding the upcoming U.S. presidential election. Joe Edwards, head of research at Enigma Securities, noted that even with crypto-friendly Donald Trump leading in betting markets, and Vice President Kamala Harris displaying a less antagonistic stance towards crypto compared to the current administration, markets are struggling to gain momentum. This lack of direction is likely tied to hesitancy around the political outlook and broader macroeconomic conditions. Investors are unwilling to make bold moves before seeing how the election unfolds, keeping upward momentum in check. With different drivers at play for each major asset, the near future of the crypto landscape appears uncertain, and traders will need to navigate these waters carefully in the weeks ahead.   Read More: Polymarket Hits Record $533M in Volume Amid U.S. Election Hype and Potential Token Launch   Tesla Holds Its Bitcoin, Reveals Q3 Financials Amid Stock Dip After Cybercab Reveal Tesla Retains Bitcoin Holdings for the Fifth Straight Quarter. Tesla's Q3 2024 earnings report revealed that the company held onto all its digital assets, including $184 million in Bitcoin, for the fifth consecutive quarter. This consistency in Bitcoin holdings highlights Tesla's approach to cryptocurrency as a strategic long-term asset.   In Q3, Tesla's revenue was $25.18 billion, slightly down from Q2's $25.5 billion, but net income showed a healthy increase, reaching $2.18 billion, up from $1.5 billion in the previous quarter. The continued holding of Bitcoin by Tesla and other public companies is closely monitored by investors, serving as an indicator of institutional interest in the crypto space and potential market impacts from selling pressures.   Source: Tesla Balance Sheet Q3   Arkham Intelligence Reports Wallet Movements, No BTC Sold Speculation about Tesla's Bitcoin wallet activity spiked when Arkham Intelligence reported a transfer from wallets believed to belong to the company. According to Arkham, Tesla still controls around 11,509 BTC, worth roughly $750.7 million. This finding was confirmed by Tesla's recent financial disclosures, confirming no crypto sales since 2022, despite rumors of asset movement. Tesla's firm commitment to Bitcoin reflects their confidence in its value as a digital asset. Despite investor skepticism following the launch of Tesla's self-driving Cybercab, the company's commitment to holding its Bitcoin remains unwavering. The decision by Tesla to retain its Bitcoin holdings is closely observed by investors and the broader market. Public companies holding large amounts of digital assets are often seen as indicators of institutional confidence in the crypto space. Tesla's consistency here reflects continued interest from significant players in the industry, which could impact market sentiment and the broader adoption of Bitcoin.   Conclusion Tesla’s ongoing commitment to its Bitcoin holdings, alongside its mixed revenue and profit performance, underscores its strategic perspective on cryptocurrency as a long-term asset. Investors closely watch moves like this from public companies to gauge broader institutional interest in crypto. As Tesla stands firm, it signals confidence in Bitcoin's role in the evolving financial landscape. Cryptocurrencies experienced a selloff in parallel with traditional financial markets on Wednesday. Adding to the bearish sentiment is the uncertainty surrounding the upcoming U.S. presidential election. With different drivers at play for each major asset, the near future of the crypto landscape appears uncertain, and traders will need to navigate these waters carefully in the weeks ahead.   Read More: HBO Spotlights Peter Todd, Avalanche Launches Crypto Visa, Sui Integrates with Google Cloud: Oct 23

Today's crypto highlights: Peter Todd is under scrutiny after HBO’s documentary suggests he might be Satoshi Nakamoto, sparking controversy and fear. Avalanche breaks new ground with its Visa card launch, bringing crypto payments closer to mainstream adoption. Sui Blockchain advances by integrating Google Cloud’s real-time data services, boosting blockchain utility. The crypto market remains in Greed territory today, with the Crypto Fear & Greed Index slightly decreasing from 71 to 70. Bitcoin (BTC) has shown some momentum, trading at $67,419 with a slight gain of +0.07%, while Ethereum (ETH) has dropped by -1.66% to $2,622. In the futures market, the 24-hour Long/Short ratio remains balanced at 49.5%/50.5%, reflecting relatively even sentiment among traders. Despite recent fluctuations, the overall market leans towards greed.   Crypto Fear & Greed Index | Source: Alternative.me   Trending Tokens of the Day  Top 24-Hour Performers      Trading Pair  24H Change SCR/USDT 118.7% UNIO/USDT 18.73% POKT/USDT 31.23%   Trade now on KuCoin   HBO Documentary Brings Peter Todd Into the Spotlight, Sparks Safety Concerns Peter Todd recently found himself in an unexpected spotlight. An HBO documentary, created by filmmaker Cullen Hoback, claimed that Todd is the mysterious creator of Bitcoin, Satoshi Nakamoto. The documentary premiered on October 9, alleging Todd's identity as the man behind the world’s most valuable cryptocurrency. Since then, Todd has voiced fears for his safety, explaining that the sudden association with Nakamoto's wealth has forced him into hiding.    Though Todd vehemently denied being the Bitcoin inventor, the exposure has put him at risk. In an interview with Wired, Todd stated, “Obviously, falsely claiming that ordinary people of ordinary wealth are extraordinarily rich exposes them to threats like robbery and kidnapping. Not only is the question dumb, it’s dangerous.” Todd pointed out that Satoshi Nakamoto took great efforts to remain anonymous to avoid precisely such threats, and he criticized those trying to uncover Nakamoto's identity.   Despite Todd's rebuttal, Cullen Hoback defended the documentary's purpose, arguing that identifying Nakamoto is important given the potential wealth associated with the Bitcoin creator. Hoback highlighted that an anonymous figure possibly controls one-twentieth of the global supply of Bitcoin, making Nakamoto’s identity significant. While the documentary raises questions, it has also put Todd in a precarious position, showing the potentially harmful impact of high-profile speculation in the cryptocurrency world.   Avalanche’s Crypto Visa Card Marks Milestone for Adoption Avalanche has launched its Visa Card, which brings cryptocurrency payments closer to mainstream use. The card enables users to make purchases using cryptocurrencies such as WAVAX, USDC, and sAVAX at any location that accepts Visa payments. Available in both virtual and physical formats, the card provides a seamless way for users to convert their digital assets into transactions across millions of merchants globally. Initially launched in Latin America and the Caribbean, the rollout is expected to expand to additional regions soon.   The Avalanche Visa Card represents a significant move in bridging traditional finance and the crypto economy. The card offers self-custody wallets for users, providing secure, unique addresses for each asset, and ensuring easy access to spending while maintaining high security. Features like spending alerts, card freeze options, and PIN customization give users more control over their funds, enhancing security.   One standout feature of the Avalanche Card is its non-bank status. This means that the card is not linked to any traditional financial institution, allowing users to enjoy the benefits of privacy without any impact on their credit scores. However, this also means that users need to handle their spending responsibly, as there are no reporting mechanisms to credit bureaus.   Avalanche's strategic launch in underbanked regions like Latin America aims to provide financial inclusion through blockchain technology. The card supports the goal of integrating cryptocurrencies into everyday financial transactions, allowing holders to spend crypto as easily as fiat currency. By bringing crypto payments into the physical world, Avalanche is working to drive the adoption of digital currencies, making them a practical alternative to traditional money. Though there are limitations regarding specific countries—such as Cuba, Venezuela, and Russia, where the card is not accessible—the initial rollout is a step forward in bridging financial gaps with crypto technology.     Sui Integrates with Google Cloud to Power Real-Time Blockchain Applications Sui, a decentralized blockchain network, has announced a new integration with Google Cloud, facilitated by blockchain infrastructure provider ZettaBlock. This partnership is a significant development for blockchain data accessibility, allowing developers to access real-time blockchain information through Google Cloud’s Pub/Sub service. By providing seamless data flow, this integration aims to boost the creation of innovative applications, such as AI-powered fraud detection and immersive gaming.   Blockchain technology acts as a decentralized digital ledger, making data transparent and secure. By integrating with Google Cloud, Sui’s blockchain data becomes available for applications that rely on real-time responsiveness. This is especially relevant for artificial intelligence models that need immediate access to the latest data, such as those used for monitoring transactions for signs of fraud.   The collaboration with Google Cloud means that developers can now build more sophisticated solutions on the Sui network. For example, AI models can detect suspicious transactions as they happen, rather than relying on older, static data. This ability enhances the effectiveness of fraud detection systems. Additionally, real-time blockchain data can enrich online gaming experiences by making games dynamic—altering difficulty levels or character behaviors based on actual blockchain events. ZettaBlock and Sui are looking forward to expanding these capabilities, offering developers advanced tools to make blockchain data more accessible for a wide range of applications.   See Also: Top Sui Memecoins to Watch in 2024-25   Source: X   Read More: Top Sui Memecoins to Watch in 2024-25   Conclusion The world of blockchain and cryptocurrencies is evolving rapidly, as seen in these latest developments. Peter Todd's forced association with Satoshi Nakamoto has thrown a spotlight on the real dangers of unverified claims in the crypto industry. Meanwhile, Avalanche’s Visa Card launch is a step toward integrating cryptocurrencies into everyday transactions, making digital currencies more accessible. Lastly, Sui's partnership with Google Cloud through ZettaBlock is helping provide innovative solutions with real-time blockchain data, empowering both AI and gaming industries. Stay tuned to KuCoin for up to date crypto news!

The crypto market remains in the greed territory today, with the Crypto Fear & Greed Index decreased from 72 to 70. Bitcoin (BTC) has shown some decreasing momentum, trading at $67,375 in the past 24 hours. Despite recent fluctuations, the overall market sentiment leans towards greed.    Quick Take  Stripe made a major move into the stablecoin sector by acquiring Bridge for $1.1 billion. Pump.fun, a memecoin platform on Solana, launched an advanced trading terminal and hinted at an upcoming token launch and airdrop.  Chainlink continues to innovate by integrating AI and oracle technology, enabling near real-time access to corporate financial data on-chain.  Quick Market Updates  Prices (UTC+8 8:00): BTC: $67,375, -2.40%; ETH: $2,666, -2.93% 24-hour Long/Short: 48.5%/51.5% Yesterday’s Fear and Greed Index: 70 (72 24 hours ago), level: Greed Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair    24H Change HOOK/USDT      -4.21% KLAUS/USDT      -9.82% DEEP/USDT  -14.41%   Trade now on KuCoin   Stripe Buys Stablecoin Platform Bridge for $1.1 Billion Stripe has acquired Bridge, a stablecoin platform, for $1.1 billion, more than five times Bridge's $200 million valuation. This deal is a strategic move for Stripe to enter the stablecoin market and enhance global money movement.   Bridge provides infrastructure for issuing and transferring tokenized money on various blockchains, serving clients like SpaceX, Coinbase, and Stellar. Stripe processed over $1 trillion in payments in 2023 and now aims to leverage stablecoins to make transactions faster, cheaper, and more efficiently, focusing on solving real-world financial problems.   Bridge shares Stripe’s belief that stablecoins can play a crucial role in transforming finance. The acquisition will accelerate their shared vision of creating a more efficient financial system with stablecoins at the center. Stripe plans to expand stablecoin adoption to make transactions easier across borders, improving the user experience for moving, storing, and spending money.   The timing is significant, with stablecoins gaining traction. According to a16z’s "State of Crypto 2024" report, stablecoins processed $8.5 trillion in Q2, surpassing Visa’s $3.9 trillion. This shows growing mainstream interest, with companies like Revolut and Visa exploring stablecoin use. Stripe’s acquisition of Bridge positions it to be a leader in this evolving financial landscape.   Read more: USDT vs. USDC: Differences and Similarities to Know in 2024   Pump.fun Launches Advanced Trading Terminal and Teases Token Airdrop Pump.fun, a Solana-based memecoin platform, has launched its latest trading tool—Pump Advanced. This new terminal aims to rival established platforms like Photon and Bull X. It includes features like mini charts, top holder stats, and social activity metrics, all in one interface. To attract new users, Pump.fun is offering 0% fees for the first month and secure logins through email with Privy, a non-custodial wallet solution.   During the launch event, co-founder Sapijiju hinted at the upcoming launch of a Pump.fun token and a possible airdrop, though no official timeline has been set. He indicated that the airdrop could be "a lot more lucrative" compared to others in the industry, sparking excitement among users. It’s expected that the token will launch on Solana, keeping in line with the platform’s current ecosystem.   Pump.fun has seen tremendous success since its January launch. It has generated over $140 million in fees and facilitated the creation of more than 2.5 million Solana-based tokens. The platform’s appeal lies in its simplicity, allowing users to easily create and launch tokens—contributing to popular meme coin trends like celebrity tokens and viral livestream stunts.   In the past week, Pump.fun reached a new high, with 31,600 new tokens created in a day, and its trading volume topped $1.1 billion. With the launch of Pump Advanced and its growing popularity, Pump.fun is strengthening its position as a major platform for meme coin enthusiasts, even as competition heats up on other networks. The introduction of its own token and airdrop could further boost its reputation and drive user engagement.   Chainlink Leverages AI and Oracles to Bring Real-Time Corporate Data Onchain Chainlink is tapping into artificial intelligence and decentralized oracles to revolutionize the availability of real-time corporate action data on the blockchain. Announced on Oct. 21, Chainlink's pilot project seeks to tackle inefficiencies in data surrounding mergers, dividends, and stock splits—information often stored in fragmented and unstructured formats like PDFs and press releases. By combining oracles and large language AI models, Chainlink converts off-chain data into a standardized digital format that is accessible in near real-time.   Source: Chainlink   The pilot is supported by major financial institutions like Franklin Templeton, Swift, UBS, and blockchain networks including Avalanche and zkSync. The use of AI and Chainlink oracles aims to reduce costs and manual processes, enhancing efficiency in managing corporate actions that cost financial institutions up to $5 million annually.   Mark Garabedian, director of digital assets at Wellington Management, emphasized how this system could dramatically cut manual work and bring cost savings. Decentralized oracles connect blockchains to the broader financial world, and Chainlink has been exploring how they can support institutional finance. Recent partnerships, such as with Taurus for institutional tokenization, aim to improve cross-chain mobility, transparency, and security.   Chainlink is positioning itself at the center of blockchain adoption within the traditional finance sector, driving innovation by integrating secure and verified data flows from the external financial ecosystem into the blockchain world.   Read More: 94% of Asian Private Wealth Considers Crypto Investing, Vitalik Buterin's Vision for “The Surge”, FBI Arrests SEC’s X Hacker: Oct 18   Conclusion Today highlights some transformative moves in the crypto sector. Stripe’s acquisition of Bridge signals its intent to lead the stablecoin revolution, Pump.fun's advancements push its presence further in the memecoin market, and Chainlink’s use of AI and oracles is setting the stage for bridging traditional finance and blockchain. As mainstream interest grows and more players innovate, the cryptocurrency landscape continues to evolve at an exciting pace. Keep an eye on these developments as they may reshape the industry's future.