Hong Kong Digital Asset Xchange Withdraws License Application
AI Brief
According to Foresight News, the Hong Kong Securities and Futures Commission (SFC) announced that Hong Kong Digital Asset Xchange Limited (HKDAX) has withdrawn its application for a virtual asset trading platform license. The application was initially submitted on August 27, 2024. So far, the total number of withdrawn and returned applications for virtual asset trading platform licenses disclosed by the SFC is 13, with one application being returned.
#BecomeCreator

US economist warns government ‘preparing’ to sell $4 billion worth of Bitcoin
Following the US Supreme Court’s recent decision to allow the government to sell the 69,370 Bitcoins (BTC) seized from the infamous Silk Road marketplace, a renowned economist and one of Bitcoin’s most prominent critics has warned that this could happen very soon.
Indeed, Silk Road was an anonymous online *e-commerce marketplace active from 2011 to 2013, launched by Ross Ulbricht, who is currently serving a life sentence for crimes including money laundering and narcotics distribution, and authorities seized Bitcoin as part of the investigation.
Specifically, Peter Schiff recently stated that it appeared the U.S. government was preparing to sell 69,370 Bitcoins worth about $4.3 billion at the asset’s current price, calling the move “smart,” according to the economist’s X post published on Oct. 9.

He also suggested that Michael Saylor, the CEO of MicroStrategy (NASDAQ: MSTR) and a vocal Bitcoin enthusiast, should have his company “borrow another $4.3 billion and buy” that BTC, alluding to Saylor’s Bitcoin buying habits.

Hong Kong Digital Asset Xchange Withdraws License Application
AI Brief
According to Foresight News, the Hong Kong Securities and Futures Commission (SFC) announced that Hong Kong Digital Asset Xchange Limited (HKDAX) has withdrawn its application for a virtual asset trading platform license. The application was initially submitted on August 27, 2024. So far, the total number of withdrawn and returned applications for virtual asset trading platform licenses disclosed by the SFC is 13, with one application being returned.#BecomeCreator $BTC

Ethereum (ETH) Drops Below 2,400 USDT With 1.99% Drop in 24 Hours
As of October 09, 2024, 8:49 PM(UTC). According to Binance Market Data, Ethereum has dropped below 2,400 USDT and is now trading at 2,395.280029 USDT, down 1.99% in 24 hours.
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JasmyCoin Poised for Major Breakout, Analyst Predicts Massive Upside Potential
JasmyCoin is consolidating at $$ 0.0169, with potential to break resistance and reach $$ 0.2785, up over 1,300%.
The RSI indicates bullish momentum for JasmyCoin, supported by a cup and handle pattern for potential upside.
JasmyCoin’s 50-period MA below the 200-period MA signals near-term downside risks despite a possible recovery.
According to crypto analyst JavonTM1, JasmyCoin ($JASMY) is nearing a price rally, with technical indicators lining up for a potential upside. The price recently broke out of a falling wedge pattern, and the Relative Strength Index (RSI) has also turned up, suggesting bullish momentum. JavonTM1 notes that these price movements could trigger a massive continuation towards the target of US$ 0.2785, which is currently over 1,300% above the current price#BecomeCreator

SHIBA INU to US$ 1: The Untold Truth Behind This Wild Crypto Dream! 🐕🚀
The dream of Shiba Inu (SHIB) hitting US$ 1 has captivated the crypto world 🌍, but how realistic is it? SHIB, born as a meme coin 🐶, has skyrocketed in popularity thanks to its strong community and developments like ShibaSwap and Shibarium 🔥. But hitting the US$ 1 mark would require a massive shift in the crypto landscape 🌐.
Here’s why: SHIB’s supply is massive — nearly 600 trillion tokens! To reach $$ 1, SHIB’s market cap would need to skyrocket to over $$ 600 trillion 💸 — that’s over six times the global economy and well beyond Bitcoin’s current market cap of $$ 500 billion 🏦. Without a massive token burn 🔥 that reduces supply, this dream remains far-fetched.
However, the future of SHIB is not bleak! 🌟 With a dedicated community 💪, continued development 🚀, and new projects like Shibarium driving utility, SHIB could see significant growth 📈. Strategic token burns and platform adoption could drive its value higher, but a SHIB of $$ 1 is still a long shot 🎯. Stay informed and keep your expectations in check — SHIB’s journey is far from over!
#Shibalnu #BecomeCreator

XRP to $900 with $50 TRILLION on Ripple’s XRP Ledger!? 🚀
TRADE THIS $XRP
Ripple’s $XRP Ledger (XRPL) is generating significant excitement due to a bold prediction from Graham Rodford, CEO of Archax Exchange, who speculates that XRP could potentially reach a price of $900 by 2025. This ambitious prediction is driven by the belief that XRPL could see as much as $50 trillion in trading volume as tokenization and blockchain adoption accelerates in the financial sector.
Rodford foresees a future where large-scale financial markets flock to XRPL, creating a huge opportunity for $XRP as a digital asset. However, this projection is highly speculative, and reaching such a price would require XRP to rally over 180,000% from its current levels. As exciting as these predictions are, the volatile nature of the cryptocurrency market means that investors should approach such forecasts with caution.
Can XRP really hit $900?! Let’s discuss! #BecomeCreator $BTC

LATEST XRP NEWS! 🚨 SEC Shocks Everyone! Is the US Government Selling?!

The SEC’s ongoing legal challenges with Ripple ($XRP) have created a lot of uncertainty in the crypto space. Recently, the US government got involved in the regulatory process, and this has raised concerns in the $XRP community about the potential impacts on its price. The US government, together with the SEC, is fighting a long-running legal battle over the status of XRP as a security. Meanwhile, BlackRock and other major players are pursuing strategic opportunities in the crypto space, which could change the market dynamics.#BecomeCreator $BTC

XRP Triumphs in Legal Battle Against SEC: A Victory for Innovation and Decentralization🚨
In a monumental decision that could reshape the future of cryptocurrency regulation, XRP has won a crucial battle in its ongoing legal war with the U.S. Securities and Exchange Commission (SEC). The lawsuit, which began in 2020, saw the SEC charge Ripple, the company behind XRP, with conducting an unregistered securities offering. The crux of the case was whether XRP should be classified as a security, which would subject it to strict regulatory oversight.#BecomeCreator

DApp Activity Surges in Q3 2024, Driven by AI Applications
AI in Brief
According to Odaily, a report by DappRadar on October 8 revealed that blockchain activity experienced significant growth in Q3 2024, driven primarily by AI applications. The number of daily unique active wallets (UAW) reached a record high of 17.2 million, marking a 70% increase from the previous quarter. This increase is largely attributed to the performance of AI-related DApps, which saw a 71% increase in daily visits, with UAWs reaching nearly 4.3 million.
During this period, activity in DeFi applications saw a decline, with the total value locked (TVL) falling from $0.207270.6692.168 billion to $0.207270.6692.160 billion. Ethereum’s TVL decreased by 20% to $0207270669295 billion. In contrast, other Layer 1 blockchains such as Sui and Aptos performed exceptionally well, achieving growth rates of 78%, with TVLs of $020727066921.6 billion and $020727066921.3 billion, respectively.
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Conclusion
ETH, SOL, FTT, and APT show less potential for short-term gains. Investors looking for better opportunities should consider CYBRO. This DeFi platform uses AI to increase earnings on the Blast blockchain. It offers benefits such as staking rewards, airdrops, and cashback. The platform prioritizes easy deposits and withdrawals. CYBRO stands out for its transparency and compliance, attracting the attention of major investors and crypto influencers. Investors may see CYBRO as a promising project to maximize their potential earnings.#BecomeCreator $BTC

Aptos: Ushering in a New Era of Scalable Blockchain Technology
Aptos is gaining attention in the blockchain world. It is designed to be scalable and reliable, aiming to solve problems such as high fees and congestion in other blockchains. Developed by contributors to Meta’s Diem project, Aptos uses the Proof-of-Stake mechanism, making it more energy efficient. Aptos uses the Move programming language, making it secure and flexible. It supports many Web3 applications. Some have called it the “Solana Killer,” suggesting its potential to be a strong contender in the space. Aptos is seen as a promising technology in the blockchain space due to these characteristics.#BecomeCreator $BNB $

FTT: Exploring the Potential of a Resilient Crypto Token
FTT is the cryptocurrency token of the FTX trading platform. FTX launched in 2019 to address issues with cryptocurrency exchanges. It offers features such as clawback prevention and a universal margin wallet. FTT allows users to enjoy benefits such as discounted trading fees and leveraged trading. By regularly purchasing and burning tokens, FTT aims to maintain its value. Despite past challenges, FTX’s backing by notable companies and unique offerings make FTT appealing. Traders use FTT as collateral, and staking it provides benefits such as discounts and access to events. FTT continues to be a versatile and functional token for crypto traders.#BecomeCreator $ETH

Solana: Exploring the Potential of High-Throughput Blockchain Technology
Solana is gaining momentum in the blockchain world with its focus on scalability. The platform is designed to support decentralized applications, competing with others like Ethereum and Cardano. Solana stands out by offering faster transactions without the use of sharding or second-layer solutions. It uses its own currency, SOL, which is essential to its ecosystem, enabling transactions and rewarding participants. Developers and investors are attracted to Solana’s vision of handling high activity and versatile projects. This approach provides a foundation for running multiple programming languages ​​and supporting custom programs. Solana’s system is built to appeal to both developers and users looking for a high-throughput blockchain platform.#BecomeCreator $SOL

Ethereum’s Role in the Upcoming Bull Market and Altcoin Season
Ethereum has emerged as one of the leading blockchains with its transition to Proof-of-Stake. It supports smart contracts and a variety of decentralized applications, including financial tools. Ethereum’s Layer 2 solutions, such as Arbitrum and Polygon, improve the way transactions are processed. ERC-20 tokens are widely used on this network for a variety of purposes, although ETH is still required to pay fees. The Merge marked a significant shift, moving the network to the new model, while planned sharding will help with scalability and costs. Ether’s utility in transactions, staking, and trading solidifies its position in the crypto ecosystem, continuing to attract interest as attention turns to the potential for altcoin seasons#BecomeCreator $ETH

XRP Bulls Take Charge, Will Price Reach $0.65?
The post XRP Bulls Take Charge, Will Price Reach $0.65? appeared first on Coinpedia Fintech News
Despite the price consolidating within a tight range at a support level, it seems that XRP bulls are back in the market as its trading volume is surging. On October 7, 2024, most major cryptocurrencies experienced a notable price surge, but the price of XRP has remained flat over the past 24 hours.
XRP Current Price Momentum
XRP is currently trading near $0.538 and has seen a modest price increase of 0.75% over the past 24 hours. During the same period, its trading volume has surged by 90%, suggesting strong participation from investors and traders, which is a positive sign for XRP holders.
XRP Technical Analysis and Upcoming Levels
According to technical analysis by experts, XRP looks bullish but has been stuck in a consolidation zone between $0.512 and $0.545 for the past five trading days. Based on recent performance, whenever the price of XRP reaches this level, it tends to experience a 20% rally.
Source: Trading View
However, if XRP breaks out of this consolidation zone and closes a daily candle above the $0.55 level, there is a strong possibility that it will rally by 20% and reach the $0.65 level in the coming days.
This bullish outlook is further supported by XRP’s Relative Strength Index (RSI), which is currently in an oversold territory, signaling a potential bullish price reversal in the coming days. However, it is still trading below the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating a bearish trend.#BecomeCreator $BTC

IF YOU HAVE 25,000,000 SHIB, YOU SHOULD SEE THIS! Shiba Inu Coin News Today – SHIBA Price Prediction 💥
Buy More $SHIB
Shiba Inu coin ($SHIB) price predictions for the remainder of 2024 suggest that the cryptocurrency may see some fluctuations but remains poised for growth. For October 2024, SHIB is expected to range between a low of $ 0.0000176 and a high of $ 0.0000373, depending on market conditions and investor sentiment. Analysts are predicting a possible bull run if market momentum remains strong
If you have 25,000,000 SHIB, this could be an interesting time to monitor the market closely. However, keep in mind that meme coins like $SHIB are highly volatile, and their value can fluctuate rapidly, often in response to broader market trends.
For a longer-term outlook, predictions for 2025 predict potential highs of around $$ 0.0000271, driven by factors such as the Bitcoin halving and developments within the Shiba Inu ecosystem, such as Shibarium and ShibaSwap.
If SHIB follows this trajectory, its 25,000,000 SHIB could grow significantly in value. Stay informed and keep an eye out for major updates, especially potential token burns and partnerships!#SHIBA✅🚀