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VeChain CEO Unveils VeBetterDAO 2024 Roadmap.Chika Moji New Memecoin, Get 100,000 Chika Tokens $100 Free, Join Airdrop Now On   ChikaMoji.lol
Read here: https://www.binance.com/en/square/post/5783198620625
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SEC Confirms Grayscale’s Application to Convert Digital Large Cap Fund into ETF Two weeks after Grayscale submitted its application to convert the Grayscale Digital Large Cap Fund (GDLC) into an ETF, the Securities and Exchange Commission (SEC) confirmed the filing. Grayscale now faces a wait of several more months for feedback from the SEC. Grayscale Nears Launch of Multi-Asset Crypto ETF On October 29, the SEC acknowledged the application to convert the Digital Large Cap Fund (GDLC) into an ETF. The GDLC manages assets like Solana and XRP, which the SEC classifies as securities. This confirmation brings Grayscale closer to launching the first multi-asset crypto ETF. According to the SEC, a decision on the application will come within 45 to 90 days. Meanwhile, the US will determine its new president in less than a week. A Trump victory could lead to significant changes, including the potential replacement of SEC Chairman Gary Gensler. Industry experts believe that if Trump wins, altcoin-related ETFs could receive approval more easily. Two weeks ago, when Grayscale filed the application to convert GDLC into an ETF, the fund traded at a significant discount of over 30%. This discount has now narrowed to 17%. The narrowing discount indicates investor optimism about the potential approval of the GDLC ETF. As reported by BeInCrypto, on October 15, Grayscale filed a Form 19b-4 with the SEC, requesting the conversion of the Grayscale Digital Large Cap Fund (GDLC) into a new ETF. The Grayscale Digital Large Cap Fund (GDLC) allows investors to gain exposure to leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Avalanche (AVAX). Bitcoin and Ethereum make up 94% of the fund, which currently manages over $558 million in assets. Additionally, VanEck, 21Shares, and Canary Capital have filed several applications to list other spot ETFs related to assets such as Solana, XRP, and Litecoin. #SEC #Grayscale #BinanceBlockchainWeek #USADPSurges #16thBTCWhitePaperAnniv $BTC $ETH $BNB

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PEPE becomes the first memecoin to be listed on Japan’s BITPoint exchange PEPE has become the first memecoin in Japan after local crypto exchange BITPoint became the first exchange in the country to list the memecoin. The memecoin is available on BITPoint for spot trading, saving, and lending as part of the exchange’s offerings to Japan customers. PEPE memecoin has unlocked a new market in Japan by becoming the first memecoin to be listed on Japanese crypto exchanges. BITPoint, a Tokyo-based crypto exchange, listed the digital asset on October 30th in various derivatives such as spot trading, lending, and fixed investment savings on the exchange. BITPoint initiates giveaway campaigns for PEPE investors The exchange set up two campaigns to make the listing more appealing to investors. The first campaign involves a random giveaway of PEPE coins worth 100,000 yen to ten investors who purchase PEPE worth 10,000 yen or more. The second campaign will include a program for followers of BITPoint X account held until November 27th. PEPE is a memecoin inspired by Pepe the Frog, a comic character and internet sensation designed as a green anthropomorphic frog with human-like features. According to CoinMarketCap, the memecoin is trading at $0.000009521 with a 24-hour trading volume of $700 million. The memecoin’s price has largely remained unchanged in the last 24 hours but has dipped by 5% in the last seven days. PEPE ranks 24th on CoinMarketCap’s list of top cryptocurrencies by market capitalization. The memecoin ecosystem continues to grow The broader memecoin ecosystem has grown significantly since the world’s first memecoin launched in December 2013. The memecoin frenzy has benefited network platforms such as Solana. Most memecoin activity on the Solana blockchain has occurred around Solana’s DeFi protocols. #PEPE #Memecoins #Bitcoin #BinanceBlockchainWeek #BTCBreak71K $PEPE $DOGE $BTC

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XRP Lawsuit: Cofounder of Ripple Talks About Confidential Meetings with Harris’ Team Ripple co-founder Chris Larsen believes that Vice President Kamala Harris could play a pivotal role in correcting what he sees as significant missteps in President Biden’s cryptocurrency policy. In a recent interview with CNBC, Larsen criticized the current state of U.S. crypto regulation, describing it as a misguided “war on crypto.” As part of his support for Harris’s campaign, Larsen made a contribution of $10 million worth of XRP, marking him as a significant player in the crypto space in this election cycle. He expressed enthusiasm for Harris’s economic message, which he sees as pro-innovation and supportive of American leadership in global industries. “We’re really excited by her economic message. It is a message now of pro innovation, and making sure that our American champions dominate their industries around the world,” he said. He said that the Biden campaign wasn’t paying enough attention. He said that there are many meetings happening with individuals who will be part of her administration, not just focused on crypto. “There’s been a lot of meetings with folks who will be in her administration, and not just within the crypto industry. Consistently, what they’ve heard is that the last administration was too anti-business and involved a sort of class warfare. That’s not how it will be in a Harris administration,” he explained. Larsen Criticizes Gary Gensler Larsen also took the opportunity to criticize SEC Chairman Gary Gensler, calling him “the worst public servant in this country.” This statement explains the growing tension between crypto leaders and regulatory bodies. Gensler’s stringent regulatory approach has drawn criticism for prioritizing enforcement over clear guidelines, creating an environment of uncertainty for crypto businesses. #US #SEC #Bitcoin #BinanceBlockchainWeek #BTCBreak71K $BTC $ETH $BNB

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This Crypto Trader Makes a Shocking SUI Price Prediction Sui (SUI) has seen renewed attention as trader Alex Clay highlights a bullish outlook for the crypto. In a tweet, Clay noted SUI’s retest of the neckline from a Cup and Handle formation, indicating a possible upward trend. With this retest suggesting stability, Clay projects ambitious price targets for Sui. Meanwhile, reports suggest that SUI has led in net inflows, reflecting heightened investor interest. Bullish Pattern for SUI: Cup and Handle Formation The SUI chart reveals a classic Cup and Handle pattern, widely recognized as a bullish continuation signal. In this setup, a rounded bottom forms the “cup,” while a consolidation phase forms the “handle.” Such a formation often indicates an impending breakout, suggesting that bullish momentum is building. SUI recently broke above its $1.98 neckline, with a successful retest marking the start of its upward journey. The breakout’s validation lies in the completed retest of the $1.98 neckline, where SUI’s price established support, strengthening its bullish potential. According to Clay’s analysis, this successful retest enhances confidence in the upward trend, as support levels often solidify buyer interest, potentially driving the price toward higher targets. Price Targets and Potential Gains Alex Clay’s tweet details two major price targets based on the Cup and Handle formation. The initial target, set at $6.90, reflects the height of the handle, suggesting this level as an attainable short-term goal for SUI traders. The full formation height points toward a potential price of $9.60, marking a longer-term upside if SUI price sustains its momentum. These targets are marked on Clay’s chart with clear indicators, helping traders identify potential profit-taking levels. The successful retest has positioned $1.98 as a solid support zone, essential for a sustained upward movement. #SUI #SUI🔥 #BinanceBlockchainWeek #BTCBreak71K $SUI $BTC $SOL

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Will Cardano Price Hit ATH? Analyst Says “Not the Time to Sell” ADA Cardano price faces renewed selling pressure as Bitcoin retreats, but analysts suggest it may not be the time to sell. This week, the crypto market witnessed renewed selling pressure as Bitcoin price reverted from the $70,000 psychological level. The altcoin market quickly followed the same momentum and sparked a fresh correction for major digital assets, including Cardano price. However, crypto analysts believe this may “not be the time to sell ADA,” During Friday’s Asian market session, the ADA price fell 0.8% to $0.34, while its market cap plummeted to $12 Billion. The Cardano buyers’ retesting support from a bullish pattern signals the potential for price reversal amid bullish on-chain indicators. Cardano Price Set for ATH? Analyst Says “Not the Time to Sell” ADA In a recent tweet, crypto analyst Deezy.eth. highlighted a recurring pattern in Cardano price that led to a major recovery trend in the following months. The attached image shows a 3-day Heiken Ashi candle with the Relative Strength Index (RSI) momentum indicator. The analyst discovered that the ADA price, often at the bottom of a downtrend, witnessed a higher formation in the RSI slope. Generally, this bullish divergence signals the buyers reentering the market at a discounted rate, which could drive a renewed recovery trend. Historical data from December 2018 and March 2028 shows a major reversal following RSI divergence, with one leading to the current ATH of $3.1. Moreover, Cardano is making waves with its integration into the Bitcoin ecosystem via BitcoinOS (BOS), unlocking over $1.3 trillion in Bitcoin liquidity for its DeFi landscape. This collaboration leverages BOS’s Grail bridge, enabling secure, trustless BTC transfers using zero-knowledge (ZK) cryptography. #ADA #Cardano #BinanceBlockchainWeek #USJoblessClaimsDip #CryptoPreUSElection $ADA $BTC $SOL

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