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Bitcoin Ordinals Trading Hits 6-Month Peak as ORDI Token Surges on Binance Listing The market for Bitcoin Ordinals was active on Tuesday after Binance rolled out support for ORDI, the original BRC-20 token Bitcoin Ordinals transaction volume surged to its highest levels since May on Tuesday, as about $14.7 million worth of the Bitcoin-based assets traded hands, as of this writing, according to a Dune dashboard created by the pseudonymous on-chain data analyst Domo. Launched earlier this year, Ordinals enables the creation of NFT-like assets on the Bitcoin blockchain. The protocol lets people assign data to an individual satoshi—equal to 1/100,000,000 of a whole Bitcoin—whether that's art, profile pictures, or text. The lion’s share of trading volume on Tuesday took place on the cryptocurrency exchange OKX, per Domo’s dashboard. The Seychelles-based exchange rolled out trading support for Ordinals in May and accounted for 6,100 or 60% of daily Ordinals transactions, as of this writing. #Bitcoin_Talk #BitcoinETFLaunch #BTC

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In the current turbulent market, a silver lining emerges with numerous stocks trading at a discount. Many companies, despite the market pressure, continue to thrive. Leveraging the Zacks Rank is one way to identify these resilient performers. One such standout stock is Build-A-Bear Workshop (BBW), boasting a Zacks Rank #1 (Strong Buy). The company is structured into three segments: Direct-to-Consumer, Commercial, and International Franchising. Their merchandise ranges from various plush products, both pre-stuffed and for customers to stuff themselves, to sounds and scents that can be added to the stuffed animals. Additionally, they offer a wide array of clothing, shoes, accessories, and other toy and novelty items, including family sleepwear. Build-A-Bear Workshop's attractiveness as an investment is rooted in its strong Zacks Rank, supported by rising earnings estimates. Projections for the current and upcoming quarters, as well as the next year, have all been revised upwards. This has led to a noteworthy 16.88% year-over-year growth in the Current Year Zacks Consensus Estimate, with a further 9.26% increase expected for the following year. BBW's current forward Price-to-Earnings (PE) ratio stands at 6.78x earnings, a significant discount when compared to the industry average of 11.4x and the S&P 500's 18.3x. Such a low PE ratio is unusual for a stock with growth projections as promising as Build-A-Bear's. Additionally, the stock is trading at a modest 0.74 multiple of sales, solidifying its position as a value play in the market. The company bounced back with a 39% earnings beat last quarter, despite an earlier miss. Estimates are rising, but the stock has dropped from previous highs near $30, mirroring a similar pattern from the prior year. Build-A-Bear Workshop, with its growth potential, attractive valuation, and earnings track record, is an appealing option for investors in the current market. Amid market volatility, the company shows promise for potential gains ahead. #BBW2023

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Ethereum Rival Solana Is Back—Experts Say It's No Surprise Solana is once again the talk of crypto, and its native coin SOL is benefiting from the attention. The price of SOL is up over 9% today, hitting a 24-hour high of $44.41. Over the past 30 days, it has exploded in value by over 88%, according to CoinGecko—making it the biggest winner of all the major cryptocurrencies. And despite its association with the collapsed FTX crypto exchange and its criminally convicted founder Sam Bankman-Fried, experts say Solana’s recent rise shouldn’t come as a shoc... #EthereumNFT #BBW2023 #FTX's

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$Title: Sam Bankman-Fried Guilty of Defrauding FTX Crypto Customers In a shocking turn of events, Sam Bankman-Fried, the prominent figure behind the FTX cryptocurrency exchange, has been found guilty of defrauding FTX crypto customers out of billions of dollars. This revelation has sent shockwaves through the cryptocurrency community and raised questions about the security and integrity of crypto platforms. The case against Bankman-Fried came to light when multiple FTX users reported discrepancies in their account balances and an inability to withdraw their assets. As investigations deepened, it became apparent that there were irregularities in the exchange's financial operations. The allegations against Bankman-Fried centered on a sophisticated scheme designed to siphon funds from unsuspecting users. He purportedly manipulated trading data and exploited vulnerabilities in the exchange's security protocols to misappropriate funds. The extent of the fraud is estimated to be in the billions, leaving many users devastated and outraged. The fallout from these revelations has been severe. FTX's reputation has been tarnished, and trust in the exchange has plummeted. Users are now left with a sense of betrayal, having en#trusted their assets to a platform that was ultimately compromised by its own founder. Regulatory authorities have swiftly taken action, freezing Bankman-Fried's assets and launching a thorough investigation into the extent of the fraud. This incident has prompted renewed calls for stricter oversight #BTC #BullRun #Ledger #MagicEden #XMR

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Bitcoin's price, currently around $35,000, stands at a pivotal point influenced by the Federal Reserve's evolving stance. Weaker U.S. job data, with only 150,000 new positions added in October compared to 297,000 in September, is fueling expectations of a pause in the Fed's rate hikes. Bitfinex's Alpha report attributes this shift in sentiment to tightening financial conditions, particularly the impact of rising bond yields. Traders now place a 90.4% likelihood on the Fed maintaining interest rates in December, up from 80% before the payroll data release. Analysts also note that the jobs data indicates a potential easing of wage-driven inflation pressures, aligning with the Fed's decision to halt interest rate hikes. This aligns with the Federal Open Market Committee's choice to retain the federal funds rate within the 5.25% to 5.50% range, emphasizing a cautious approach. CTF Capital supports Bitfinex's view on interest rates, suggesting the market anticipates an extended pause in rate hikes in the coming months. Interest rate futures hint at the possibility of the first rate cut by mid-2024. This overall sentiment that the Fed may be done with rate hikes is likely to boost cryptocurrency performance and U.S. equities. Bitcoin's price has stabilized around $35,000, indicating a temporary pause in its recent uptrend. However, some indicators suggest potential challenges. Bitcoin's Network Value to Transactions (NVT) signal has reached an overvalued level, historically leading to further price gains and the onset of a bull market. Still, it's essential to consider other metrics to gauge potential price corrections. Data shows BTC exchange reserves are increasing, signaling heightened selling pressure. The aSORP (Amplified Supply Overhang Percentage) is in the red, suggesting investors may be selling for profit, potentially signaling a market top during a bull market.

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