Trump confidently leads at 33.9% in betting on Polymarket.

The elections are about to start, but I want to convey one thought to you. The probability of Trump winning is actually not 67%, but around 48 - 49, as the advantage towards any opponent on Polymarket is determined by the volume of bets, not social surveys, etc.

Almost $1,000,000,000 has been bet on Donald Trump winning, while over $618,000,000 has been bet on Kamala Harris winning. This explains the advantage.

It's hard to predict who will win, so let's just wait for the announcement of the results.

What changes have befallen El Salvador since the adoption of BTC?

Increased:

1) bitcoin
2) economy
3) tourism
4) energy generation
5) foreign investment
6) construction
7) military power
8) international image
9) soft power
10) approval rating
11) bonds
12) revenues

Decreased:

1) crime
2) food prices
3) migration
4) risks
5) taxes
6) deficit
7) government spending

This was reported by the current president of El Salvador on social media X.

CryptoRank has compiled a rating of L2 blockchains by the number of addresses conducting transactions daily

Base became the absolute leader, with 1.43 million active wallets over the past month.

Celo and Arbitrum also entered the top three with 650,000 and 470,000 wallets regularly sending and receiving funds.

The list also includes L2 Scroll (103,000), Linea (87,000), Optimism (79,000) and zkSync Era (54,000) blockchains.

According to CoinGecko statistics, the total capitalization of assets in L2 networks is about $20 billion with a daily trading volume of $1.452 billion.

Whales have accumulated a huge amount of BTC in their wallets.

According to the analytical company CryptoQuant, whales with balances of 1,000 BTC and more hold a total of 670,000 coins, and the report also notes that the number of wallets with a balance of 100 BTC and more has grown by 2% over the past two weeks to 16,300.

Small and medium wallets, on the contrary, are reducing their positions. The number of these wallets has decreased by 20,629 and currently stands at 54.5 million.

Also, the volume of perpetual and futures contracts has reached $32.9 billion, which reflects a positive mood among investors using derivatives.

Solana continues to grow and strengthen its position in the market

The real economic value of the Solana network, including transaction fees and MVE Tips, has reached $11 million, which is a record for the blockchain.

This impressive growth demonstrates the growing popularity and demand for Solana among users and developers.

It is worth noting that the real economic value of the Solana network has surpassed the Ethereum network since October 19. This indicates that Solana is quickly strengthening its position in the decentralized finance (DeFi) market and other blockchain applications.

These successes indicate significant progress and potential for the Solana network, which can attract additional investment and contribute to the further development of the ecosystem.

Coin Hold Statistics Before Sale

IntoTheBlock has analyzed popular coins by the length of time they are held in wallets after purchase.

Bitcoin is the leader, of course, most investors buy this asset for the long term, according to IntoTheBlock, Bitcoin is held for an average of 4.4 years.

Next are altcoins such as: ETH, DOGE and SHIB, they are held in wallets for a little more than 2 years (2.4 years).

USDT stablecoin is often used to buy altcoins, bitcoin, so it is not held in wallets for long, on average 8-9 months.

Interest in XRP from investors continues to grow gradually

According to CryptoQuant, the number of new wallets for storing XRP increased by 10.39% over the past month, reaching 18,321. However, the total number of transactions on the Ripple network during the same period decreased by 17.57%, amounting to 18.82 million.

At the same time, the volume of XRP trading on decentralized exchanges (DEX) increased by 17.6%, from 3.91 million$ to 4.60 million$ in the period from September 15 to October 15, according to the CryptoQuant report.

Currently, the price of XRP is $0.525, and its capitalization has decreased by 3.22%, reaching 29.817 billion$ , according to CoinMarketCap.

Analysts note that interest in XRP from institutional investors continues to grow. The main platform for XRP whales remains Binance, which is used to buy, sell and redistribute tokens.

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Bitcoin Mining Difficulty Increased by 3.9% to 95.7 T

A 3.9% increase in Bitcoin mining difficulty was recently recorded, which led to a new record high of 95.7 terahash (T). This data was provided by MemPool Space.

The increase in mining difficulty occurs automatically every 2016 blocks, which takes approximately 10 minutes. This process is due to the increase in the number of miners in the network. If the number of miners decreases, the mining difficulty also decreases, as experts note.

The Bitcoin hashrate reached 715.6 exahash per second (Eh/s). After the April halving, mining profitability has significantly decreased. Before the block reward reduction, miners received up to 72.4 million$ , and after the halving, this amount decreased to 25-35 million$ (according to Block Research).

An analyst from 21stCapital has made a calculation and suggested that by the end of the year the average price for bitcoin could be $85,000

One of the experts from 21stCapital presented his analysis based on the use of a quantile model. As a result, he determined the median value at 66,000$ and the average fair price at $85,000.

Meanwhile, the CEO of Nansen believes that 2025 could be the most significant period of growth in the value of bitcoin in its entire history.

Also, the total volume of open positions in bitcoin futures on major exchanges exceeded a record $40 billion.

USDT Capitalization Updated Its ATH

According to data provided by CoinMarketCap, the capitalization of USDT, the largest stablecoin, has exceeded $120 billion for the first time, indicating growing investor interest in the cryptocurrency market.

As a rule, an increase in the supply of stable tokens precedes the growth of the Bitcoin and other cryptocurrencies, since they serve as a tool for stimulating demand for digital assets.

Thus, in early August, Tether announced the release of USDT in the amount of $1.3 billion, after which the Bitcoin rate quickly approached the $50,000 mark.

In October, Tether began issuing dollar-backed tokens again. Experts predict that in the fourth quarter of 2024, the Bitcoin rate may reach $92,000.

Thus, stablecoins are entering the market that will be used to purchase Bitcoin.

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Q3 was a negative quarter for blockchain startups, as investments fell by 20%

Specialists from Galaxy Digital conducted an in-depth analysis and found that in the third quarter of this year, the volume of venture investments in blockchain startups decreased by an impressive 20%, reaching $ 2.4 billion.

In the previous quarter, investors focused on memecoins and bitcoin, which led to financial difficulties for mid-level projects. The number of startup funding deals decreased by 17%, amounting to 478. However, total investments increased by 21.5% compared to the previous quarter.

Researchers noted that the long-term correlation between the bitcoin rate and crypto fund funding was broken. Most of the funds were attracted by crypto exchanges, developers of decentralized applications and services based on L1.

In the third quarter, startups offering projects based on artificial intelligence became more attractive to investors. The leaders in terms of venture investment volume were the USA, Singapore, Great Britain, the UAE and Switzerland.

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How to turn 96$ into $3 million.

Yes, yes, you heard wrong and I didn't make a mistake with the numbers. An ordinary worker raised 96$ 3 million. On August 2, 2023, the worker invested a small amount in the $TRUMP meme token, created in support of Donald Trump.

Since then, the price has grown by 32000%. Now, his portfolio is valued at $3.10 million dollars.

This is an absolutely isolated case of luck and composure on the part of the holder, since many of us would have merged it at +10x, well, at least 50. The main problem with such transactions is to keep them at 100x+.

Cryptoquan believes that whales continue to accumulate BTC in anticipation of further strong growth in the asset

If we analyze the ratio of key participants on spot exchanges using a 30-day moving average, we can find that the current situation is similar to what was observed after the COVID-19 pandemic in 2020.

There are many aspects to consider when analyzing this situation. However, one possible explanation could be that large players are currently actively accumulating Bitcoin, likely in anticipation of a significant increase in value after the next halving.

They may be in positions that will allow them to benefit from a potential long-term price increase after the next Bitcoin halving.

The Securities and Exchange Commission (SEC) continues to throw a spanner in the works.

This time, the co-founder of THORChain (RUNE) got it, he is accused of selling unregistered securities.

By the way, remember the hack of the SEC's Twitter, then an unknown person allegedly reported the approval of spot BTC ETFs and made a good profit on it. Well, they found him.

The FBI detained an Alabama resident who hacked the SEC's Twitter in January 2024.

It's funny that immediately after the hack by replacing the SIM card, the hacker made the following queries in Google:

- Hacking the SEC;
- How to find out for sure if the FBI is investigating my activities.

21 million BTC distribution chart

Bitwise has developed a visual infographic that clearly demonstrates the distribution of all 21 million BTC.

With only 6.2% of coins left to be mined, it is already safe to say that Bitcoin is people's money: 56.8% of all BTC belong to private investors.

We are witnessing the largest redistribution of wealth in human history.

Meanwhile, investors continue to withdraw their BTC from exchanges to offline wallets.

Analysts from CryptoQuant noted that the BTC indicator on exchanges has updated another record.

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Becoming millionaires section.

Yesterday, an unknown trader bought Magnet in the SOL network for $428. The trader sold the tokens 12 hours later for 1,241 SOL ($180k). Another trader bought the SPX meme for $48.4k, which is now equal to $15.7 million.

This can't be called anything other than insider trading. The probability of poking your finger in the sky and hitting an asset that will give such growth is practically zero.