You'd think with Bitcoin breaking above $90K and the whole market riding high after Trump's win, ETH would be right there celebrating too.
But nope. The second-largest crypto is sitting at $3,100 (after hitting ~3,400), looking like it just isolated itself.
That's ~44% below its best days - and the silence from the Ethereum community? Pretty awkward.
Even the big money seems to be giving ETH the cold shoulder. While they're throwing billions at Bitcoin ETFs, Ethereum's barely getting any attention.
And in a market where even meme coins are breaking records? That's... concerning.
So what's really going on? Let's make sense of it all! Here is a quick rundown of the top headlines from the past 24 hours:
A "Check your DMs" tweet from a16z sent an AI CTO token soaring 50%. But why would a16z be interested in a month-old AI project? 🤔 Options Clearing Corporation is prepping for official Bitcoin ETF options trading by Nov 19. But are we ready for another wave of institutional money, or is this going to be another "sell the news" event? 📈 MicroStrategy just bought another 51,780 Bitcoin ($4.6B) and wants $1.75B more. With 1% of all Bitcoin under their control, are they becoming too big to fail? 🐋 The "Crypto Queen" Razzlekhan gets 18 months for laundering $10.8B in Bitcoin while writing articles about... preventing crypto crime. How did someone so public manage to hide such massive transactions for so long? 🕵️ Bitcoin ETFs hit $138B in total assets with $1.67B flowing in last week alone. But why are Ethereum ETFs struggling to attract such attention? 💰 Let’s dive in after the market overview!
You'd think with Bitcoin breaking above $90K and the whole market riding high after Trump's win, ETH would be right there celebrating too.
But nope. The second-largest crypto is sitting at $3,100 (after hitting ~3,400), looking like it just isolated itself.
That's ~44% below its best days - and the silence from the Ethereum community? Pretty awkward.
Even the big money seems to be giving ETH the cold shoulder. While they're throwing billions at Bitcoin ETFs, Ethereum's barely getting any attention.
And in a market where even meme coins are breaking records? That's... concerning.
So what's really going on? Let's make sense of it all! Here is a quick rundown of the top headlines from the past 24 hours:
A "Check your DMs" tweet from a16z sent an AI CTO token soaring 50%. But why would a16z be interested in a month-old AI project? 🤔 Options Clearing Corporation is prepping for official Bitcoin ETF options trading by Nov 19. But are we ready for another wave of institutional money, or is this going to be another "sell the news" event? 📈 MicroStrategy just bought another 51,780 Bitcoin ($4.6B) and wants $1.75B more. With 1% of all Bitcoin under their control, are they becoming too big to fail? 🐋 The "Crypto Queen" Razzlekhan gets 18 months for laundering $10.8B in Bitcoin while writing articles about... preventing crypto crime. How did someone so public manage to hide such massive transactions for so long? 🕵️ Bitcoin ETFs hit $138B in total assets with $1.67B flowing in last week alone. But why are Ethereum ETFs struggling to attract such attention? 💰 Let’s dive in after the market overview!
Everyone keeps saying Bitcoin's hitting $500K under Trump, but Mike Novogratz isn't buying it.$BTC $ETH $SOL
While crypto Twitter's going wild with price predictions, Galaxy Digital's CEO just gave a reality check that's got everyone talking.
His take? That whole "Bitcoin Strategic Reserve" idea everyone's banking on? Probably not happening.
And it's not just about politics - it's about those 36 trillion reasons (aka the national debt) that might make this dream a bit more complicated than anyone wants to admit.
But Novogratz isn't exactly bearish. He's just painting a different picture of how we get there.
So what's really going on behind these mixed signals? Let's make sense of it all! Here is a quick rundown of the top headlines from the past 24 hours:
Ethereum's Beam Chain promises a tech revolution, but why are we waiting until 2029? Is this another "soon™" situation? 🤔 Coinbase does a complete flip on meme coins - PEPE pumps 69% and WIF hits near ATH. What other meme coins are they eyeing? 🐸 Cardano's 52% surge hits pause as whales stop buying. Why did they suddenly lose interest when ADA was pumping? 📈 Coinbase's "Tap to Pay" aims to hit 50 countries by 2025. But how is this different from existing crypto payment solutions? 💳 Pro-crypto Senator John Thune becomes Senate Majority Leader after a close 29-24 vote. Could this finally push crypto-friendly bills through Congress? 🏛️ Let’s dive in after the market overview!
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Telegram Sees Surge In NFT Activity And Gaming Engagement
According to Cointelegraph, non-fungible tokens (NFTs) are experiencing significant growth on the Telegram messaging app platform. A report by Web3 data provider Helika revealed that NFT activity on Telegram surged by 400% in the third quarter of 2024. The “Q3 ‘24 Telegram Games Report” from Helika indicated that the number of unique wallets transferring NFTs daily on Telegram increased from under 200,000 in July to over one million in September.
Helika's data highlighted that Telegram gamers are highly active in purchasing, sending, and using NFTs within games. The company stated that gamers on Telegram are not just creating wallets but are also actively engaging with NFTs, suggesting a dynamic and vibrant level of interaction within the ecosystem. In September, three million active wallets were recorded across nine Telegram games.
In addition to the rise in NFT activity, Telegram gamers have been spending more time playing games. Helika reported that the average gaming session for a user increased from 2.8 minutes in August to 6.7 minutes at the start of October. The growth is attributed to more immersive experiences offered by the platform.
One of the most popular games on Telegram, Hamster Kombat, has also embraced NFTs. The game, which has surpassed 300 million users, announced plans to integrate NFTs on September 25. The Web3 clicker game will launch new games within its ecosystem and integrate NFTs as in-game assets. According to its roadmap for the remainder of 2024 and 2025, Hamster Kombat will integrate NFTs in its Season 2 in November. On October 17, the game released a trailer for its second season, teasing a new storyline where players can simulate becoming CEOs of their own companies.
We're incredibly grateful to you for actively participating in both phases, leveling up your Empires, inviting friends, and staying on the same wavelength with us. It’s been an awesome journey that we’ve experienced together!
We’re currently calculating the tokens, and on October 18 at 18:00 UTC, we’ll open the claiming process.
The token will be listed on all the exchanges we've mentioned above on October 24 at 12:00 UTC.
Very soon, we'll share more about the future of the $X token — where you can use it and how it fits into our growing ecosystem.
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