1. Bitcoin Price Hit $BTC: Bitcoin hit a new all-time high (ATH), causing massive liquidation of short positions and increasing open interest (OI) as many people fomo (Fear of Missing Out) took new positions. This shows the bullish strength in the Bitcoin market.
2. US Presidential Election: Donald Trump is projected to win 276 electoral votes and about 51.0% of the total popular vote, with a total of about 71,352,277 votes. Kamala Harris is projected to win 222 electoral votes and about 47.5% of the popular vote, with a total of about 66,415,077 votes.
3. Market Sentiment: There has been a lot of discussion on platforms like X regarding Bitcoin price movements, with some users expressing concerns about being late to the market or considering selling other assets to buy crypto.
4. Major Crypto Projects: There was news of a major partnership between Citibank, Fidelity, and the country of Singapore for a major project using a particular cryptocurrency, indicating that more large financial institutions are entering the crypto ecosystem.
5. Market Reaction to Election Results: Several observers noted that Bitcoin moved positively after Donald Trump won the election, while the Jakarta Composite Index (JCI) experienced a decline. This shows how the election results can affect various investment assets.
6. Increased Awareness and Regulation: There are efforts to increase security and regulation in the crypto ecosystem in Indonesia, with Bappebti encouraging innovation while ensuring security for crypto traders.
1. Price Movement and Market Capitalization: The global crypto market capitalization reached $2.39 trillion, with a change of 3.2% in the last 24 hours. This shows that there is a significant movement in the crypto market, either up or down.
2. Market Volatility: The price of Bitcoin and several other crypto assets has experienced significant fluctuations, which is considered related to the uncertainty ahead of the US presidential election. There is a sentiment that this volatility will continue in the next few days.
3. Criminal Activity: PPATK revealed that online gambling transactions via KUPVA and crypto reached more than IDR 280 trillion, indicating that illegal practices still exist in the crypto ecosystem.
4. Sentiment on Social Platforms: On platforms like X, there are various reactions from the crypto community. Some users enjoy the benefits of Bitcoin's price movements, while others share trading strategies to avoid major losses during this time of volatility.
5. Political News: Pro-Bitcoin US presidential candidate Donald Trump is reportedly leading in the election according to market forecasts, which may have an impact on crypto market sentiment.
6. Security Enhancement: Crypto exchange SYIPC announced an upgrade to its risk management system, demonstrating efforts to improve the security of crypto assets and address the need for higher security standards in the industry.
1. Price and Market Movement: The global crypto market cap reached $2.39 trillion, reflecting a 3.2% change in the past 24 hours. The crypto trading volume in the past day reached around $73 billion.
2. Sentiment from X (Twitter): There are concerns about fraud and data breaches that could affect the security and trust in crypto and blockchain technology. In addition, there is also discussion about the potential of crypto and blockchain as a gateway to Web3, showing enthusiasm for a more decentralized future.
3. US Election: There is speculation about the impact of the US election on the price of Bitcoin, indicating that global political events are still affecting the crypto market.
4. @LayerZero Project and ZRO Token: LayerZero’s newly launched $ZRO token saw a significant price drop, reaching 24% in the 24 hours after its launch. This was due to negative reactions from the crypto community to the new airdrop claim mechanism that requires a donation of $0.10 in stablecoins. Although it is called an airdrop, many consider it more akin to a “tax” or donation, which has caused controversy.
5. @ZircuitL2: On October 31, 2024, Zircuit, a Layer 2 project, announced the distribution of $ZRC tokens to EIGEN token holders, known as a fairdrop. This is an effort to promote broader and more inclusive participation in the Ethereum ecosystem, giving an equal amount of tokens to every EIGEN holder, regardless of the amount held.
6. @RenzoProtocol: After announcing the tokenomics and airdrop of its $REZ governance token, Renzo Protocol was de-pegged from ezETH, indicating negative market reaction to the token allocation that some in the community considered unfair.
7. @trondao (TRX): Justin Sun, founder of TRON, celebrates reaching 200 million users $TRX
1. @solana (SOL) has shown bullish signals by completing a “golden cross” pattern, where the short-term moving average crosses the long-term one, indicating potential price upside. However, after reaching $183, Solana faced resistance and fell by 2.28% in the past 24 hours to $174. This reflects profit-taking after Bitcoin (BTC) surged above $73,000, although there is an optimistic outlook for $SOL to break through the $183 resistance towards $210.
2. UBS Bank announced the launch of an Ethereum-based tokenized fund, marking a significant step in the adoption of blockchain technology by traditional financial institutions.
3. The Crypto ecosystem in Indonesia remains active with various discussions and events, such as the upcoming AMA (Ask Me Anything) on Tokocrypto, showing the continued enthusiasm and education in the local crypto community.
4. Investment and Startup Trends - There is increasing attention to crypto business models that adopt the lean startup methodology, emphasizing the importance of project viability through high user engagement.
5. Sentiment on X (Twitter) shows concern and speculation about a drop in the price of $BTC ahead of the US Presidential Election on November 5, 2024, with some users viewing this as a "sell on news" event.
💥BREAKING: The number of crypto investors in Indonesia has reached 21.27 million with transactions reaching IDR 426 trillion, an increase of 301% from the previous period. This shows significant adoption and high interest in crypto.
This is a Summary of Crypto News in 24 Hours!✨ (1/11)
1. Bitcoin Price Increase and Investor Confidence: Bitcoin prices have increased in the past day, indicating increasing investor confidence in digital assets in Indonesia. This reflects a positive trend in the domestic crypto industry.
2. SYIPC Exchange and Customer Service: Crypto exchange SYIPC announced the launch of a smart customer service system, which is claimed to open a new standard in customer service for the crypto industry in Indonesia. Crypto Investors and Transactions: The number of crypto investors in Indonesia reached 21.27 million with transactions reaching IDR 426 trillion, an increase of 301% from the previous period. This shows significant adoption and high interest in crypto.
3. Promo from @PintuID Pintu Pro: Pintu Pro, a crypto platform, is offering a promo where new users can get USDT rewards of up to IDR 2,000,000 for their first crypto purchase between November 1 - 30, 2024.
4. Mt Gox Wallet Movement: There was activity from the Mt Gox wallet with a transfer of 500 BTC (around US$35.04 million) to an external wallet, which may be of interest given Mt Gox's controversial history.
5. Money Market Fund Tokenization: Franklin Templeton launched the tokenization of a money market fund, which could mark a step towards further integration between traditional assets and crypto.
6. Tomarket Token Airdrop: Users on platform X discussed the allocation of the Tomarket token airdrop, suggesting drama over the uneven or unclear distribution of the token, as well as the price drop of the token on certain exchanges.
7. BreadnButter Airdrop: There is a new airdrop campaign from BreadnButter announcing its entry into season 2 with $6 million in funding, giving instructions for users to participate and earn badges.
8. $PAWS Airdrop: Information about a new airdrop of $PAWS tokens has surfaced, including how to participate via a verified bot.
The Zircuit Fairdrop is here for Eigenlayer holders and stakers!
This drop rewards participants who’ve supported Ethereum’s re-staking vision. All eligible wallets receive an equal reward—no matter the stake size!
➡️Claim Here: https://app.zircuit.com/fairdrop ➖ Connect your wallet ➖ Confirm eligibility and claim! ➖ Eligibility: Hold or Stake >3 EIGEN ➖ Snapshot Date: Oct-08-2024 09:35:47 AM UTC ➖ Ethereum Block # 20919999
We're also airdropping ZRC to EIGEN holders on Exchanges, more details on this soon!
You guys are working on the Walrus Testnet of $SUI Network? But, do you know what the Walrus Protocol is? Walrus Protocol is a Project from Mysten Labs (SUI Developer) Walrus itself is a Decentralized Storage Protocol. This protocol allows the Storage and distribution of large files, called "Globs".🧵 Well, currently Walrus Protocol is running Testnet on its Project and Confirmed AIRDROP!✨️ How does it work?
1. Development and Regulation in Indonesia: Prospective Crypto Asset Physical Traders (CPFAK) show their readiness to become Crypto Asset Physical Traders (PFAK). A total of 22 entities have complied with the regulations to become members of the crypto asset futures exchange and crypto asset clearing institution, indicating real steps in the regulation and operation of crypto assets in Indonesia.
2. Market Predictions and Trends: Predictions for November 2024 show that Bitcoin may reach a new record, fueled by ETFs and yield farming. The meme coin trend is increasing, and political narrative-based tokens may surge temporarily.
3. Political Campaigns and Crypto: In the US presidential election, crypto issues are in the spotlight, especially with Trump's Bitcoin program, showing that crypto is increasingly recognized in the political arena.
4. New Products and Education: PintuID focuses on crypto and blockchain education, showing an increasing interest in crypto literacy among users. turbo is now available on Pintu, offering new investment opportunities.
5. Economic and Crypto Dynamics: There is an expectation that US economic data, such as PCE and jobless claims, could influence the crypto market. If the data shows weakness, this could be bullish for crypto as the Fed is likely to hold off on raising interest rates.
6. Innovation in Crypto Transactions: The introduction of the Crypto Card that makes it easy to transact using crypto but paid in Rupiah, shows innovation in the daily use of crypto.
7. Market Activity: Despite the stable Bitcoin price, there was strong activity in Bitcoin ETFs with significant net inflows, indicating growing institutional interest.
8. FBI and AI Tokens: The FBI introduced tokens linked to AI-based funds, drawing attention due to the potential for manipulation of trading volumes by scammers, indicating intervention or investigation into illegal activities in crypto.