VanEck has partnered with Kiln to enhance the Solana staking strategy, while analysts forecast Bitcoin Cash to rise to $800 and Intel Markets to $1 by 2025.
- VanEck and Kiln are expanding Solana staking capabilities for institutional investors. - Analysts predict that Bitcoin Cash could reach $800 despite current fluctuations. - Intel Markets, combining AI and DeFi, could rise to $1, attracting investor interest.
- Solana (SOL) is on the rise, just 31% away from its all-time high of $259. SOL has already surpassed PayPal in market capitalization! - Lunex in DeFi is gaining momentum, raising $1.55 million in the presale and promising passive income of up to 18% APY. - Toncoin (TON) is losing ground after network failures, down 14% over the last month.
🚨 Attention, crypto enthusiasts! 1inch, a popular decentralized exchange, was hacked through an update of the Lottie Player animation library. Users encountered malicious pop-ups that redirected them to the phishing site "Ace drainer". The 1inch team stated that only the web application was affected and promises to reimburse the losses. Be careful and revoke ERC20 permissions!
The Central Bank of the Netherlands fined Bybit €2.2 million ($2.4 million) for providing crypto services without mandatory registration. The violation is related to non-compliance with anti-money laundering and counter-terrorism financing laws. Bybit has already started to rectify the situation by transferring clients to a local partner, SATOS B.V., and continues to work on compliance.
📉 Decentralized finance (DeFi) is back in the spotlight! TVL has surpassed $90 billion for the first time since August. According to DeFi Llama, TVL is now $90.23 billion, and trading volume is $7.13 billion.
Microsoft is considering investing in Bitcoin (BTC) amid concerns about the dollar. Meanwhile, Rollblock continues to grow confidently in the GambleFi sector, outperforming Solana with an impressive increase of 220% in the pre-ICO stage. Despite these successes, the cryptocurrency market remains volatile. 📉
- Meme coins Solana are skyrocketing, Dogwifhat has risen by 1300%! But Ethereum is not falling behind with Cutoshi, which could surpass Dogwifhat by 2025. - Solana is targeting $200 in Q4, is a new ATH possible? - Dogwifhat could reach $4 again in the coming weeks.
Former FTX CEO Nishad Singh has avoided prison time after being sentenced by a Manhattan federal judge. Instead, he received three years of supervised release and must repay about $11 billion. The judge noted Singh's "remarkable" cooperation with the government and his limited role in the collapse of FTX. 🧐
Singh is the first former FTX executive to avoid prison, while others have received real prison terms.
- On October 30, BlackRock recorded a record inflow into its spot Bitcoin ETF, marking a part of a six-day inflow for 12 Bitcoin ETFs. - The total inflow amounted to $893.21 million, with BlackRock leading at $872.04 million. - The collective assets of these ETFs now exceed 1 million BTC. - Institutional interest is growing, but not all experts are confident in a new record for Bitcoin.
South Korea Sees Surge in Cryptocurrency Market in the First Half of 2024 🚀
- The number of investors has grown to 7.8 million, which is 21% more than in the second half of 2023. - Daily trading volumes have jumped by 67% to $4.4 billion. - Market capitalization has reached $40 billion, increasing by 27%.
However, the government plans to tighten regulation, requiring registration and reporting for companies engaged in cryptocurrency trading.
Maker (MKR) shows an 11% increase over the last 24 hours, reaching $1,280. The market capitalization exceeded $1.1 billion, but the price is still 80% below the all-time high. 📉
Trading volume has increased by 120%, which may lead to a correction due to greed in the market. 50% of MKR holders are in profit, but 45% are still at a loss.
Whales continue to accumulate MKR, but activity has decreased since October 26.
🔔 Crypto Market News: dYdX and ConsenSys Announce Layoffs!
- dYdX laid off 35% of its staff. CEO Antonio Juliano explained this as a necessity to "revitalize" the exchange. - ConsenSys reduced its workforce by 20%. CEO Joseph Lubin blamed macroeconomics and uncertainty in cryptocurrency regulation in the U.S. - Despite the rise of Bitcoin to $73,600, companies are forced to cut costs.
📉 Attention, crypto enthusiasts! The price of Dogecoin has not met expectations, leaving investors disappointed. Despite forecasts, DOGE did not reach $0.7. Meanwhile, whales are shifting their attention to the new AI altcoin WallitIQ (WLTQ). With an increase in whale volume, WallitIQ promises a significant jump. This might be your chance for success in the world of cryptocurrencies! 🚀
📉 Crypto millionaires continue to amaze, but not everything is so rosy.
- According to Henley&Partners, there are 172,300 crypto millionaires in the world. - The number of Bitcoin millionaires has doubled to 85,400. - The growth of Bitcoin ETFs attracted $50 billion in investments, but not all coins have returned to their peak values of 2021. - The adoption of cryptocurrencies by major players like BlackRock may change the situation.
- Popular meme coins with cats are skyrocketing! Popcat has grown by 24% in a week. - Analysts predict further growth, but be cautious: what goes up must come down. - Popcat could reach $2.27, but fluctuations are not ruled out. - The new project Crypto All-Stars is attracting attention, raising $3M in the presale. - Stay informed and keep an eye on the trends!
The U.S. Department of the Treasury noted the growth in blockchain usage and investments in cryptocurrencies in its report for the fourth quarter of 2024. Stablecoins, such as Tether (USDT) and Circle (USDC), have become key players in the digital economy.
Experts claim that crypto-stablecoin pairs account for 80% of all transactions involving digital assets.
The Department of the Treasury predicts that demand for Treasury bonds may increase due to the volatility of cryptocurrencies. 💸
📉 Cardano (ADA) continues to fuel FOMO, while Rexas Finance (RXS) aims for a 5830% ROI by Q1 2025. The current price of $0.15 raises questions about the realism of such forecasts. RXS offers tokenization of real assets, but should one believe such ambitious promises? 🤔 Investors should be cautious and carefully analyze the risks.
Kraken has laid off 15% of its workforce, joining Consensys and DYDX in laying off staff. New co-CEO Arjun Sethi announced "organizational discipline" to address the issues. The layoffs mostly affected senior management. This is not the first time Kraken has laid off 30% of its workforce in 2022. 📉
Solana integrates Chainlink to attract developers, while analysts predict growth for Polkadot and IntelMarkets by 2025.
- Solana + Chainlink: developers can now use Chainlink's high-frequency data. - Polkadot: projected price $11.57 by 2025. - IntelMarkets: expected growth of 1,100%.
An unexpected player surpasses leading cryptocurrencies in October! 🚀 CYBRO has attracted attention, raising over $2.5M in the presale. While Bitcoin, Ethereum, and Solana are losing ground, CYBRO promises up to 1200% ROI. Investors are already excited about the unique opportunities of this NeoBank platform. Stay tuned for news so you don't miss out on the chance!