🚀 Tether Reports $2.5B Q3 Profits, USDT Market Cap Nears $120B! 🚀

Tether has announced a whopping $2.5 billion in net profits for Q3 2024, pushing its year-to-date profit to $7.7 billion. The market cap of its flagship stablecoin, USDT, is now close to $120 billion!

Key Highlights:
- $1.3 billion profits from U.S. Treasury yields
- $1.1 billion from gold appreciation
- Excess reserves backing USDT rose to over $6 billion

Tether's reserves include $84.5 billion in U.S. Treasury bills, $5 billion in gold, and $4.8 billion in Bitcoin. The company also revealed owning 7,100 BTC worth nearly $500 million.

Despite recent allegations of sanctions violations, Tether remains committed to compliance and continues to be a major player in the digital asset ecosystem.

What are your thoughts on Tether's latest report? Share in the comments! 💬

**Crypto Market Dips Amid Election Uncertainty**

Bitcoin has dropped 1.9% in the last 24 hours, trading at $70,600. The broader crypto market has seen a sharper decline, with the CoinDesk 20 index down 3.9%, led by Ethereum's 5.3% drop. 📉

Analysts suggest the slump may be linked to the growing uncertainty around next week's U.S. presidential election. Trump's Polymarket victory odds have fallen from 67% to 61%, while Kamala Harris's odds have risen to 39%.

Traditional markets are also struggling, with the Nasdaq down 2.4% and the S&P 500 down 1.6%.

What do you think is driving these market moves? Share your thoughts in the comments!

🚀 **MicroStrategy Surpasses Coinbase as Biggest Crypto Stock!**

- Michael Saylor's MicroStrategy has seen its stock price triple this year, surpassing Coinbase (COIN) as the largest crypto stock.
- Despite announcing a massive $21 billion stock sale, MicroStrategy's shares rose 1% on Thursday.
- This unique investor confidence is tied to Saylor's strategy of leveraging capital markets to buy more Bitcoin, even if it means diluting shares.
- The stock sale, an at-the-market equity offering, is the largest ever by a factor of four!

What do you think about MicroStrategy's bold move? Share your thoughts in the comments! 💬

📊 **Crypto Voters Could Sway U.S. Elections!**

A recent poll funded by investment firm Paradigm reveals that 5% of U.S. voters identify as "single-issue crypto voters," meaning their vote hinges on candidates' crypto policies. This could have significant implications for future elections, especially in a tight race between candidates like Vice President Kamala Harris and former President Donald Trump.

- **Poll Details**: Conducted by Dynata, the survey included 1,000 likely voters, with a margin of error of 3.5%.
- **Key Findings**: Younger, male, and minority respondents are more likely to prioritize crypto.
- **Political Impact**: The poll suggests that crypto enthusiasts could influence national outcomes and push for crypto-friendly policies in Washington.

What do you think? Could crypto really tip the scales in upcoming elections? Share your thoughts in the comments! 💬

**News Flash: World Liberty Financial Slashes Fundraising Goal Amid Low Token Sales**

World Liberty Financial, a crypto business linked to Donald Trump, has drastically reduced its fundraising target from $300 million to $30 million after disappointing WLFI token sales. 🚀

- The company has raised just over $14 million since its mid-October launch.
- Initial excitement quickly faded, with demand plummeting post-launch.
- Investors may be wary due to the WLFI token's lack of value accrual mechanisms.
- The company plans to halt token sales upon reaching the $30 million mark.

What are your thoughts on this development? Share your comments below!

🚀 Big news in the crypto world! Ellipsis Labs, the brains behind the Solana-based decentralized exchange Phoenix, has just raised $20 million from Haun Ventures to launch Atlas, a new layer-2 blockchain focused on "verifiable finance."

- **Background**: Founded in 2022 by Eugene Chen and Jarry Xiao, Ellipsis Labs aims to tackle DeFi challenges like inefficient price discovery and high transaction costs.
- **Phoenix Success**: Their Solana-based exchange, Phoenix, has already facilitated over $50 billion in trades since its 2023 launch.
- **Atlas Vision**: Atlas will feature ultra-low fees and high transaction throughput, initially launching on Ethereum but connecting to both Ethereum and Solana liquidity pools.

What do you think about this new development? Share your thoughts in the comments! 💬

🎃 Don’t be Spooked by Crypto! 🎃

As Halloween nears, the thought of 24/7 crypto trading might seem spooky, but it’s actually a huge opportunity! Unlike traditional markets, crypto never sleeps, giving you the freedom to trade anytime, anywhere. While this can be overwhelming, a skilled crypto advisor can guide you through the complexity.

- **24/7 Trading:** Crypto markets are always open, offering constant opportunities.
- **Navigating Volatility:** Advisors help manage the ups and downs, preventing overtrading.
- **Avoiding Emotional Decisions:** Professional guidance helps avoid FOMO and rash decisions.
- **Simplifying Complexity:** Advisors cut through the noise, aligning strategies with your goals.

Embrace the crypto market with confidence and strategy. Share your thoughts and experiences in the comments below! 🚀

📉 **Crypto Market Update: Prices Slip Amid Broad Market Decline**

Hey crypto enthusiasts! Here's the latest scoop from the blockchain and cryptocurrency world:

- **Bitcoin (BTC)**: After flirting with its record high, BTC slipped below $71,000, down 2% in the last 24 hours.
- **Altcoins**: Ethereum (ETH) tumbled 6%, while Aptos (APT) and Render (RNDR) each slid 5%. The CoinDesk 20 Index dropped 2.8%.
- **Market Dominance**: Bitcoin's market dominance hit a three-year high of 60.2%.

📉 **Stock Market Impact**: The Nasdaq and S&P 500 fell 2.3% and 1.5%, respectively, influenced by disappointing earnings from Meta (META) and Microsoft (MSFT).

- **Crypto Stocks**: Coinbase (COIN) shares dropped 7%, Robinhood (HOOD) tumbled 13%, and Bitcoin miners like MARA, RIOT, and CLSK fell 5%-10%. MicroStrategy (MSTR) dipped just 2.5% despite a $42 billion capital raise plan.

🔍 **Expert Insight**: Geoffrey Kendrick from Standard Chartered suggests a potential dip ahead of the U.S. election, but expects a post-election rebound. A Republican sweep could be especially bullish, with a year-end BTC target of $125,000.

What are your thoughts on the market trends? Drop your comments below! 👇

🚀 Big news in the crypto world! Franklin Templeton's OnChain U.S. Government Money Market Fund (FOBXX) is now tradable on Coinbase's layer-2 blockchain, Base. This marks the first time an asset manager is building on this blockchain, signaling a new era for digital finance.

🔹 The fund, with a $410 million market cap, is already available on five other blockchains, including Arbitrum, Polygon, and Stellar.
🔹 Base, launched in 2022, has quickly become a popular choice, handling 55% more transactions in Q3 than in Q2 and boasting over $8 billion in total value locked.

What do you think about this move? Share your thoughts in the comments! 💬

🚀 Big news in the crypto world! Bitcoin rollup Citrea has raised $14 million in Series A funding, led by Peter Thiel's Founders Fund. Citrea aims to transform Bitcoin into a smart contract platform using zero-knowledge (ZK) technology, making BTC a programmable asset.

- Citrea's tech allows Ethereum-style smart contracts on Bitcoin.
- CEO Orkun Mahir Kılıç highlights that Citrea is EVM-compatible, enabling seamless deployment of Ethereum applications.
- The project emphasizes the critical importance of enhancing Bitcoin's utility to prevent it from becoming obsolete.

What are your thoughts on Bitcoin's evolution? Share in the comments! 💬

🚀 **Daily Crypto Market Update** 🚀

The CoinDesk 20 Index is trading at 2132.94, down 0.4% (-8.47) since yesterday's close. Despite the dip, some assets are showing resilience:

**Leaders:**
- ADA: +1.0%
- BCH: +0.6%

**Laggards:**
- APT: -4.0%
- UNI: -3.9%

The CoinDesk 20 is a broad-based index, reflecting the performance of top cryptocurrencies across multiple platforms globally.

What are your thoughts on today's market movers? Share your insights in the comments! 💬

#CryptoNews #MarketUpdate #CoinDesk20

📢 **Crypto News Flash: CZ Returns to the Spotlight at Binance Blockchain Week!**

- **Event Highlights**: Binance founder CZ made his first public appearance since his release from prison at Binance Blockchain Week in Dubai. The event was packed, with attendees eagerly filming his entrance.
- **Prison Reflections**: CZ opened up about his prison experience, describing it as limiting and reflective. He mentioned missing his family and the stark contrast with his current freedom.
- **Future Plans**: CZ revealed his focus on Giggle Academy, an educational platform aimed at providing digital education to underserved populations. He’s also investing in AI, biotech, and blockchain projects.
- **Industry Momentum**: Binance CEO Richard Teng emphasized the theme of "momentum" in the crypto industry, highlighting the approval of spot bitcoin ETFs in the U.S. as a sign of progress.

What are your thoughts on CZ's return and his new ventures? Share in the comments! 💬

🚀 **Crypto Market Update: Bitcoin Takes a Breather, Institutional Demand Surges**

- **Latest Prices**:
- Bitcoin (BTC): $72,289.97 (+0.11%)
- Ether (ETH): $2,631.15 (-1.26%)
- CoinDesk 20 Index: 2,140.40 (-0.60%)

- **Market Movement**:
- Bitcoin is stabilizing around $72,500, up 0.3% in the last 24 hours.
- Broader digital asset market down by 0.9%, with ETH and SOL also declining.
- Bitcoin has seen a 6% gain over the past week, suggesting possible profit-taking.

- **Institutional Demand**:
- Spot bitcoin ETFs saw $893 million in inflows on Wednesday, driven by BlackRock's IBIT.
- Strong net inflows indicate robust institutional interest, with BTC dominance at 59.8%.

- **Expert Insights**:
- Augustine Fan of SOFA notes increased demand for BTC call options.
- Darius Sit of QCP Capital highlights the significance of mainstream bitcoin adoption through ETFs, regardless of the upcoming presidential election outcome.

- **Chart of the Day**:
- A "golden cross" in active bitcoin addresses suggests potential upward price movement.

💬 **What are your thoughts on the recent market trends? Share in the comments below!**

- Jamie Crawley

🚨 Robinhood Shares Tumble After Q3 Earnings Report 🚨

Robinhood (HOOD) shares dropped over 10% in pre-market trading on Thursday following its Q3 earnings report. Despite the dip, JPMorgan noted that the reaction was expected given the stock's strong performance this year.

Key Points:
- Missed revenue metrics: account growth, new net assets, trade pricing, gold account subscriptions.
- Managed expenses well, supporting earnings per share (EPS).
- JPMorgan cut price target to $20, maintaining an underweight rating.
- Citi expects shares to face pressure, neutral rating with a $23 target.
- JMP raised price target to $33, maintaining a bullish outlook.

What are your thoughts on Robinhood's future? Share in the comments! 💬

🚀 Big news in the crypto world! Archax, a U.K.-regulated crypto exchange and custodian, is set to acquire Spanish broker King & Shaxson Capital Markets (KSCM). This move aims to expand Archax's brokerage, trading, and custody services into the European Union, aligning with the new MiCA regulations.

- **What's Happening?** Archax will make KSCM a wholly owned subsidiary, enhancing its services and adding crypto derivatives to its offerings.
- **Why It Matters:** This acquisition strengthens Archax's regulatory footprint in the EU, especially important post-Brexit.
- **Next Steps:** The deal awaits regulatory approval in Spain.

What are your thoughts on this expansion? Drop your comments below! 👇

📈 **Bitcoin ETF Inflows Surge Amid Market Volatility**

Bitcoin experienced a slight dip after a week of gains, dropping by up to 0.5% before stabilizing above $72,400. Despite this, U.S. bitcoin ETFs saw significant inflows for a second consecutive day, with over $893 million invested on Wednesday, following $879 million on Tuesday. This indicates strong institutional interest in bitcoin, as its market dominance continues to grow.

- Bitcoin fell as low as $72,400 but recovered.
- Major tokens like Solana (SOL) and BNB Chain (BNB) also saw declines.
- U.S. bitcoin ETFs recorded back-to-back inflows over $850 million.
- BlackRock’s IBIT led with $872 million in inflows.

What are your thoughts on the growing institutional interest in bitcoin? Share in the comments! 💬

📢 Crypto News Flash: BlackRock's Crypto Move More Crucial Than U.S. Election Outcome, Says QCP Capital

Darius Sit, co-founder of QCP Capital, believes BlackRock's entry into crypto is a game-changer, overshadowing the U.S. presidential election's impact on the industry. 🏦

- BlackRock's adoption of Bitcoin ETFs is pushing crypto into mainstream American finance.
- Trump’s pro-crypto stance could benefit the industry, but broader integration is key.
- Bitcoin is trading above $72,000, nearing its all-time high.

What do you think? Will BlackRock's involvement redefine crypto's future? Share your thoughts in the comments!

🚀 **Crypto Politics: Coinbase Commits $25M for 2026 Elections!**

Coinbase is already gearing up for the 2026 midterm elections, pledging $25 million to the crypto super-PAC Fairshake in 2025. CEO Brian Armstrong announced the move on X, emphasizing the growing influence of crypto voters. He believes the next Congress will be the most pro-crypto yet.

- **Crypto Influence:** Fairshake is one of the largest PACs, spending big on pro-crypto candidates and against anti-crypto ones.
- **Big Numbers:** Coinbase's total commitment to Fairshake is now close to $100 million, with Fairshake raising over $200 million this cycle.

What do you think about crypto's role in politics? Share your thoughts below! 💬

🚨 **Crypto News Flash: MyTrade Founder Pleads Guilty to Market Manipulation**

- Liu Zhou, founder of MyTrade, has pleaded guilty to market manipulation charges. The U.S. Department of Justice revealed that Zhou engaged in "wash trading" to artificially inflate cryptocurrency prices.
- Wash trading involves creating fake transaction interest to drive up asset prices. Zhou's sentencing is scheduled for early next year.
- Other firms, including CLS Global, Gotbit, and ZM Quant, were also implicated in similar activities. CLS Global is seeking a dialogue with U.S. authorities to improve its processes.
- What are your thoughts on this crackdown? Share your opinions in the comments! 💬

Stay tuned for more updates on this developing story.

**Breaking News: U.S. Treasury Panel Explores Blockchain Potential**

The U.S. Treasury Department's advisory committee, featuring financial experts from Citigroup and Goldman Sachs, has released a report on the promising future of blockchain and tokenization. 📈

Key Points:
- Tokenization of U.S. debt and assets could enhance transparency and reduce settlement risks.
- Stablecoins like Tether's USDT pose potential risks, suggesting a need for regulation akin to narrow banks.
- Central Bank Digital Currencies (CBDCs) might eventually replace stablecoins for digital transactions.

What are your thoughts on the future of tokenization and CBDCs? Share your opinions below!