📣 Elon Musk : Excessive government spending is causing infl | TopCryptoNews on Binance Square

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📣 Elon Musk : Excessive government spending is causing inflation and leading the US to bankruptcy🕑
#ElonMusk #ElonMuskUpdates 

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⭐️ Wall Street's Billionaire CEO, Who Donated the Most to Trump, Reveals His Bitcoin Portfolio! How Much BTC Does He Have? Howard Lutnick, CEO of Cantor Fitzgerald, which manages $13.2 billion, recently made bold statements about Bitcoin (BTC) and Donald Trump. Speaking on a recent podcast with Anthony Pompliano, Howard Lutnick said he has millions of dollars worth of Bitcoin. Reiterating that Bitcoin is not a currency but a commodity, as he stated before, Lutnick said that they see declines as opportunities and buy in every decline. Stating that he has hundreds of millions of dollars worth of BTC, the famous CEO stated that the price of Bitcoin will continue to rise and claimed that the BTCs in his possession will reach billions of dollars next year. “As I've said before, Bitcoin is not money, it's a commodity. It's like gold or oil. Its scarcity and mining nature give it enduring value and growth potential.” Lutnick said that institutional acceptance will increase further, and with increasing institutional acceptance, the price will increase even more. He Became the Biggest Donor to Donald Trump! Lutnick, known for his support for Trump, said Donald Trump is the best choice for wealthy Americans. Praising Trump’s stance, Lutnick listed the former president’s good points. Accordingly, he stated that Trump also cares about the American worker and growth in America, but also supports his being a crypto advocate and wanting to impose tariffs. Fox Business correspondent Eleanor Terrett shared on X that the crypto industry has donated more than $200 million to PACs, candidates, and political organizations. According to Terret's post, top donors to former President Donald Trump included Howard Lutnick with $6.4 million, Gemini's Winklevoss twins with $2.04 million and Kraken founder Jesse Powell with $844,943. #BTC #Bitcoin

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Major Chainlink (LINK) Upgrade Goes Live, Price Reacts Chainlink is evolving rapidly, with a major Cross-Chain Interoperability Protocol (CCIP) upgrade now live on the mainnet. The decentralized Oracle service said this CCIP v1.5 upgrade has the power to transform how connected protocols share data. Chainlink named four unique enhancements that went live alongside the upgrade. 🔸 Chainlink CCIP upgrade: What changed? Per the Oracle protocol, CCIP now has its own tailor-made CCT standard. With this, the CCIP can enable cross-chain native tokens featuring self-service deployments, full control and ownership, enhanced programmability and zero-slippage transfers. 💬 Introducing the CCIP v1.5 upgrade. Cross-Chain Token standard, Self-serve token onboarding, CCIP SDK & Token Manager, Security & privacy enhancementsHere's why #Chainlink CCIP is the #1 choice for building cross-chain — Chainlink (@chainlink) October 30, 2024 The upgrade also introduces a unique simplicity that makes developers adjust to the new changes without a hassle. Chainlink is a dynamic digital currency that is constantly evolving. Beyond the latest update, the protocol has entered the list of the most active protocols in the industry. With Oracle powering the majority of smart contracts in Web3, its relevance is notably not overblown. As part of the new CCIP v1.5 upgrade, it has launched the Token Developer Attestation, which it said is in private beta. This product will help developers to double-check their work to guarantee precision. With this, they can even attest to token burn events before the assets are minted, encouraging trust across the board. 🔸 LINK price in mix Following this update and the broader trend in the digital currency ecosystem, the LINK price has maintained a mildly resilient outlook. As of writing time, LINK price is up by 4.92% in 24 hours to $12.05. Riding on the general outlook of the market that has sent the price of Bitcoin (BTC) up, the token has pared off the losses of the past week and is now changing hands for 5.96%. #LINK

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⭐️ Here’s Why Celestia (TIA) Might Struggle to Stay Above $5 After $890 Million Unlock Modular data availability blockchain project Celestia (TIA) is set to release 175.59 million previously restricted. This Celestia token unlock today, October 30, marks the largest since the project’s launch in October 2023. Given this substantial supply shock, TIA’s price is likely to face increased volatility, as this unlock will nearly double the tokens already in circulation. In this analysis, BeInCrypto examines what investors can expect from the cryptocurrency’s price after the event. 🔸 Celestia OTC Sales Could Mitigate Selling Pressure According to Tokenomist (formerly Token Unlocks), the Celestia token unlock is valued at $890 million at the current price. When released, the total tokens in circulation will be 80% of the total supply. Cryptocurrency projects often lock a portion of their token supply and release it gradually to prevent early investors and insiders from selling large quantities immediately after receiving their allocations. When the projects unlock these tokens, they become available for sale, making such events typically bearish. According to this thesis, TIA’s unlock today is likely to contribute to its 14% decline over the past seven days. Amid this, on-chain data from Santiment shows that TIA’s volume has increased to $183.73 million. For context, a sharp increase in trading volume can validate the onset of a breakout or a breakdown. Therefore, Celestia’s high trading volume suggests greater involvement from market participants. However, it also indicates rising selling pressure, which increases the likelihood of the downtrend continuing. However, Taran Sabharwal, founder of an Over-The-Counter (OTC) trading platform, STIX, disclosed that some of these unlocked tokens have already been sold via OTC. This sell-off likely contributed to Celestia’s price decline over the past week. #TIA #Celestia

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🚀 SOL's Bullish Run Hits 3-Month Peak at $183; Pullback Ahead? Solana’s native token, SOL, has climbed to a near three-month peak of $183.30, marking four weeks of steady gains in October’s “Uptober” rally. Outperforming Bitcoin and the broader altcoin market with a 15% surge, the cryptocurrency has taken the lead as the month’s top performer. This price surge can be attributed to the strong network activity and growing demand for Solana’s DeFi and blockchain services, as data from The Block indicates a rise in active addresses. However, with the token now approaching critical resistance levels, the question looms: is a pullback on the horizon? 🔸 Monthly Active Addresses on Solana Reach New High According to Dune analytics, the Solana network has observed a steady climb in the count of monthly active addresses, which reached 107.04 million in October. The data suggests a robust increase in user engagement, although the chart is still incomplete, as October has one day left. Meanwhile, on a daily scale, the cryptocurrency recorded a slight dip from an October 23 peak of 5.91 million active addresses to approximately 5.39 million by October 28. Analysts attribute the October 22 spike to heightened activity around meme coins and decentralized exchange transactions on the network, which may have driven the surge in address activity on that particular day. 🔸 SOL’s Price Outlook and Key Levels to Watch The market sentiment around the SOL token is riding high, with many traders viewing it as a serious contender to Ethereum in the long term. TradingView’s weekly chart observed that the cryptocurrency retested the $183 level, tapping the upper boundary of a symmetric triangle formation and aligning with the 78.1% Fibonacci extension—key resistance where previous gains have often pulled back. Now hovering around $177.98, the SOL token stands at a critical juncture, eyeing a potential push toward the $200 mark. However, caution may be warranted, as a key metric signals possible overvaluation. #SOL #Solana

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📣 Expert Says Cardano ‘Boring’ Phase Ends Here, Pay Attention to This ADA Move Cardano analyst Dan Gambardello predicts the end of ADA’s “boring” phase as it prepares to break out amidst Bitcoin’s recent gains. Cardano (ADA) has posted a 3.3% gain today, trading at $0.3574. However, at this value, the altcoin remains 2.4% below its weekly high of $0.3669. In contrast, Bitcoin has surged over 8.11% in the past week, reaching a seven-month high of $73,500. On a monthly timeframe, Cardano holders still face an 8.62% loss, while Bitcoin has risen by 12% over the past 30 days. Amid Cardano’s ongoing struggle to capitalize on Bitcoin’s uptrend, analyst Dan Gambardello has assured ADA holders that the days of ADA’s “boring” performance are coming to an end. In his latest analysis, Gambardello acknowledged that Cardano has been moving sideways, “doing nothing,” while Bitcoin continues to hit higher highs, approaching its all-time high. For context, Cardano is down about 88% from its peak, while Bitcoin is just 1.88% away from its all-time high. However, Gambardello emphasized that the behavior observed on the Cardano chart is “incredibly normal.” 🔸 Cardano Price Action Consistent with Historical Trend He pointed out that, compared to the previous cycle, Cardano’s chart may not show much activity right now, but it was at a similar point back then. The analyst noted during the last cycle, Cardano also moved sideways while Bitcoin experienced a breakout. Specifically, Gambardello highlighted that Bitcoin’s price surged into November in the previous cycle, nearing its all-time high, while ADA was stagnant. “We are seeing a similar situation today: Bitcoin is making progress while ADA remains steady,” he said. 🔸 Cardano ‘Boring’ Phase Ends Here Meanwhile, Gambardello mentioned that toward the end of November 2020, ADA broke above its 20-week moving average, initiating a solid move. While not immediately parabolic, it stayed above that level for about a month. #ADA #Cardano

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