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PEPE â How likely is a 35% rally for this memecoinâs price?
The popular memecoin could see an uptrend soon after weeks of bad news.
PEPEâs Long/Short ratio, at press time, stood at 1.062, indicating a strong bullish market sentimentFutures Open Interest jumped by 15% in the last 24 hours
It appears that the popular memecoin PEPE is poised for a significant price rally after it formed a bullish pattern. Its on-chain metrics are now flashing bullish market sentiments too.
This bullish reversal comes after PEPE registered a price decline of over 28% in recent days. Owing to the same and a set of contributing factors, PEPE might soon register an uptrend on the charts.Â
PEPE technical analysis and key levels
According to AMBCryptoâs technical analysis, PEPE successfully retested its descending trendline breakout. It thus formed a bullish engulfing candlestick at the 200 EMA and support level of $0.0000085 â A bullish sign for PEPE holders. Â
Based on recent price performances, there is also a strong possibility that PEPE could soar by 35% to reach the 0.0000125 level in the coming days.
Additionally, the memecoin is trading above the 200 EMA, indicating an uptrend, with its Relative Strength Index (RSI) showing potential for an upside rally too.Â
Bullish on-chain metrics
PEPEâs positive outlook can be further supported by its on-chain metrics. Coinglassâs PEPE Long/Short ratio, for instance, had a reading of 1.062 at press time. This pointed to a strong bullish market sentiment among traders.
Also, its Futures Open Interest jumped by 15% in the last 24 hours and 7.65% in the last four hours. This rising Open Interest underlined tradersâ belief and confidence in a price surge in the coming days.Â
Investors and traders often use a combination of rising Open Interest and long/short ratio above 1 when betting on long positions. Right now, 51.51% of top traders hold long positions, while 48.49% hold short positions.Â
Additionally, PEPEâs OI-weighted funding rate was positive, with its value at 0.0149%. What this meant was that longs have been paying shorts â Another bullish sign.
Current price momentum
At press time, PEPE was trading near $0.0000094, following a hike of over 4.5% in 24 hours. Over the same period, its trading volume dropped by 7.5%, indicating lower participation from traders and investors.
Besides PEPE, other major memecoins like Dogecoin (DOGE), Shiba Inu (SHIB), and dogwifhat (WIF) also saw positive rate changes in the last 24 hours. Needless to say, the last few trading sessions have been good for the marketâs memecoins.Â
#pepe #pepe⥠#PepeCoinToTheMoon #PEPE_EXPERT #PEPEATH
PEPEâs Long/Short ratio, at press time, stood at 1.062, indicating a strong bullish market sentimentFutures Open Interest jumped by 15% in the last 24 hours
It appears that the popular memecoin PEPE is poised for a significant price rally after it formed a bullish pattern. Its on-chain metrics are now flashing bullish market sentiments too.
This bullish reversal comes after PEPE registered a price decline of over 28% in recent days. Owing to the same and a set of contributing factors, PEPE might soon register an uptrend on the charts.Â
PEPE technical analysis and key levels
According to AMBCryptoâs technical analysis, PEPE successfully retested its descending trendline breakout. It thus formed a bullish engulfing candlestick at the 200 EMA and support level of $0.0000085 â A bullish sign for PEPE holders. Â
Based on recent price performances, there is also a strong possibility that PEPE could soar by 35% to reach the 0.0000125 level in the coming days.
Additionally, the memecoin is trading above the 200 EMA, indicating an uptrend, with its Relative Strength Index (RSI) showing potential for an upside rally too.Â
Bullish on-chain metrics
PEPEâs positive outlook can be further supported by its on-chain metrics. Coinglassâs PEPE Long/Short ratio, for instance, had a reading of 1.062 at press time. This pointed to a strong bullish market sentiment among traders.
Also, its Futures Open Interest jumped by 15% in the last 24 hours and 7.65% in the last four hours. This rising Open Interest underlined tradersâ belief and confidence in a price surge in the coming days.Â
Investors and traders often use a combination of rising Open Interest and long/short ratio above 1 when betting on long positions. Right now, 51.51% of top traders hold long positions, while 48.49% hold short positions.Â
Additionally, PEPEâs OI-weighted funding rate was positive, with its value at 0.0149%. What this meant was that longs have been paying shorts â Another bullish sign.
Current price momentum
At press time, PEPE was trading near $0.0000094, following a hike of over 4.5% in 24 hours. Over the same period, its trading volume dropped by 7.5%, indicating lower participation from traders and investors.
Besides PEPE, other major memecoins like Dogecoin (DOGE), Shiba Inu (SHIB), and dogwifhat (WIF) also saw positive rate changes in the last 24 hours. Needless to say, the last few trading sessions have been good for the marketâs memecoins.Â
#pepe #pepe⥠#PepeCoinToTheMoon #PEPE_EXPERT #PEPEATH
How a Dogecoin Millionaire Lost $3 Million
In a recent video, popular YouTuber Graham Stephan shared the story of a Dogecoin millionaire who lost a staggering $3 million. The video explores the individual's remarkable journey, from amassing wealth through the cryptocurrency to the unfortunate events that led to the devastating loss.
The Dogecoin millionaire's identity remains undisclosed, but their story serves as a cautionary tale for investors. Initially, the individual had the foresight to invest in Dogecoin during its early stages, capitalizing on the cryptocurrency's meteoric rise. As a result, their net worth grew significantly, making them a Dogecoin millionaire.
However, the video delves into the specific investment strategies that ultimately led to the loss of $3 million. The Dogecoin millionaire made several high-risk investment decisions, underscoring the importance of risk management and the potential consequences of impulsive financial choices.
Stephan, known for his financial advice and personal finance content, offers valuable insights into the lessons that can be learned from this unfortunate incident. He emphasizes the importance of diversifying investments, conducting thorough research, and avoiding emotional decision-making.
The video serves as a cautionary tale for those considering investing in cryptocurrencies or other high-risk assets. It underscores the need for a well-thought-out investment strategy and a clear understanding of the potential risks involved.
By sharing this story, Stephan aims to educate viewers on the pitfalls of unchecked enthusiasm and the importance of prudent financial management. The tale of the Dogecoin millionaire's rise and fall serves as a powerful reminder that even substantial wealth can be quickly lost without a disciplined approach to investing.
#DogecoinCommunity
#WeAreAllSatoshi
#BTCUptober
#Dogepriceprediction
#dogeâĄ
In a recent video, popular YouTuber Graham Stephan shared the story of a Dogecoin millionaire who lost a staggering $3 million. The video explores the individual's remarkable journey, from amassing wealth through the cryptocurrency to the unfortunate events that led to the devastating loss.
The Dogecoin millionaire's identity remains undisclosed, but their story serves as a cautionary tale for investors. Initially, the individual had the foresight to invest in Dogecoin during its early stages, capitalizing on the cryptocurrency's meteoric rise. As a result, their net worth grew significantly, making them a Dogecoin millionaire.
However, the video delves into the specific investment strategies that ultimately led to the loss of $3 million. The Dogecoin millionaire made several high-risk investment decisions, underscoring the importance of risk management and the potential consequences of impulsive financial choices.
Stephan, known for his financial advice and personal finance content, offers valuable insights into the lessons that can be learned from this unfortunate incident. He emphasizes the importance of diversifying investments, conducting thorough research, and avoiding emotional decision-making.
The video serves as a cautionary tale for those considering investing in cryptocurrencies or other high-risk assets. It underscores the need for a well-thought-out investment strategy and a clear understanding of the potential risks involved.
By sharing this story, Stephan aims to educate viewers on the pitfalls of unchecked enthusiasm and the importance of prudent financial management. The tale of the Dogecoin millionaire's rise and fall serves as a powerful reminder that even substantial wealth can be quickly lost without a disciplined approach to investing.
#DogecoinCommunity
#WeAreAllSatoshi
#BTCUptober
#Dogepriceprediction
#dogeâĄ
LIVEMeme Updates
--
How a Dogecoin Millionaire Lost $3 Million
In a recent video, popular YouTuber Graham Stephan shared the story of a Dogecoin millionaire who lost a staggering $3 million. The video explores the individual's remarkable journey, from amassing wealth throug
How a Dogecoin Millionaire Lost $3 Million
In a recent video, popular YouTuber Graham Stephan shared the story of a Dogecoin millionaire who lost a staggering $3 million. The video explores the individual's remarkable journey, from amassing wealth through the cryptocurrency to the unfortunate events that led to the devastating loss.
The Dogecoin millionaire's identity remains undisclosed, but their story serves as a cautionary tale for investors. Initially, the individual had the foresight to invest in Dogecoin during its early stages, capitalizing on the cryptocurrency's meteoric rise.
In a recent video, popular YouTuber Graham Stephan shared the story of a Dogecoin millionaire who lost a staggering $3 million. The video explores the individual's remarkable journey, from amassing wealth through the cryptocurrency to the unfortunate events that led to the devastating loss.
The Dogecoin millionaire's identity remains undisclosed, but their story serves as a cautionary tale for investors. Initially, the individual had the foresight to invest in Dogecoin during its early stages, capitalizing on the cryptocurrency's meteoric rise.
LIVELIVEMeme Updates
--
How a Dogecoin Millionaire Lost $3 Million
In a recent video, popular YouTuber Graham Stephan shared the story of a Dogecoin millionaire who lost a staggering $3 million. The video explores the individual's remarkable journey, from amassing wealth through the cryptocurrency to the unfortunate events that led to the devastating loss.
The Dogecoin millionaire's identity remains undisclosed, but their story serves as a cautionary tale for investors. Initially, the individual had the foresight to invest in Dogecoin during its early stages, capitalizing on the cryptocurrency's meteoric rise.
In a recent video, popular YouTuber Graham Stephan shared the story of a Dogecoin millionaire who lost a staggering $3 million. The video explores the individual's remarkable journey, from amassing wealth through the cryptocurrency to the unfortunate events that led to the devastating loss.
The Dogecoin millionaire's identity remains undisclosed, but their story serves as a cautionary tale for investors. Initially, the individual had the foresight to invest in Dogecoin during its early stages, capitalizing on the cryptocurrency's meteoric rise.
đž$BTC Bitcoin to Renew ATH in 2025 â Report
In the fourth cycle, Bitcoin is significantly ahead of the usual trend, as a result of which the asset may renew its historical maximum 100 days ahead of schedule, according to a CoinMarketCap report.
Bitcoin cycles closely correlate with halving. At the same time, the asset reaches a new ATH in the range of 518 to 546 days from the halving. Following this trend, we can expect the asset to renew the maximum at the end of 2025 or early 2026.
#BTCUptober #BTCâ #bitcoinnewsupdate
In the fourth cycle, Bitcoin is significantly ahead of the usual trend, as a result of which the asset may renew its historical maximum 100 days ahead of schedule, according to a CoinMarketCap report.
Bitcoin cycles closely correlate with halving. At the same time, the asset reaches a new ATH in the range of 518 to 546 days from the halving. Following this trend, we can expect the asset to renew the maximum at the end of 2025 or early 2026.
#BTCUptober #BTCâ #bitcoinnewsupdate
X Empire Price Prediction: What to Expect from $XEMP?
Telegram-based tap-to-earn games like Catizen, Hamster Kombat, and Rocky Rabbit have already released their  tokens, with prices fluctuating post-airdrop due to gameplay and community activity. X Empire, inspired by Elon Musk, has a large player base that could sustain demand for its  token, potentially outperforming other games due to its strong theme and engagement.
X Empire Tokenomics Overview: Breaking Down the Supply
The upcoming launch of X tokens, with a total supply of 690 billion and a community allocation increased to 75%, has sparked significant interest in the crypto gaming world. As the project moves closer to its Token Generation Event (TGE) and subsequent listing, letâs analyze the potential price movements based on available data.
1. Total Supply and Allocation Details
With the total supply set at 690 billion X tokens, the team has allocated 75% to the community, which enhances the token's distribution and involvement. This phase is designed to last just two weeks, after which the TGE will occur. Post-TGE, the game will undergo a full transformation, introducing more utility and potentially higher demand for X tokens.
2. Low Estimate: $0.002 per X Token
This estimate assumes modest demand from the player base and moderate levels of engagement post-launch. If participation doesnât reach high levels, we might see the X token price hovering around $0.002. While this is a conservative prediction, it reflects the possibility of average market conditions and limited demand growth during the early stages.
3. Mid Estimate: $0.005-$0.01 per X Token
With strong interest in pre-market NFT trading and robust participation in the airdrop, the token could perform much better, placing the price in the $0.005-$0.01 range. The scarcity effect, combined with demand for NFT vouchers, could drive post-airdrop trading volumes significantly higher, leading to a healthy price increase for X tokens.
4. High Estimate: $0.02-$0.03 per X Token
If the gameâs user base continues to grow rapidly post-launch and extreme demand follows the listing, we could see prices surge to between $0.02 and $0.03 per X token. This scenario assumes continued high levels of participation, strong in-game utility, and sustained interest in the token from both players and investors.
5. Whatâs Driving Demand?
Several factors are influencing these price predictions:
- Airdrop scarcity: With limited tokens available post-airdrop, scarcity could increase demand.
- NFT market: Strong pre-market trading for game-related NFTs could further bolster the tokenâs value.
- Game growth: If the game maintains or increases its active player base, it could create sustained demand for X tokens, pushing prices higher.
Conclusion: X Tokenâs Post-Launch Potential
While the market remains speculative, the X token could experience significant price movement, especially if the game continues to perform well post-TGE. Investors and players alike should monitor the TGE and the initial listing, as it will set the stage for future price action.
#XEMPDebut #Xempireworld #xempire #XEmpireTokenomics #xempdiredate
X Empire Tokenomics Overview: Breaking Down the Supply
The upcoming launch of X tokens, with a total supply of 690 billion and a community allocation increased to 75%, has sparked significant interest in the crypto gaming world. As the project moves closer to its Token Generation Event (TGE) and subsequent listing, letâs analyze the potential price movements based on available data.
1. Total Supply and Allocation Details
With the total supply set at 690 billion X tokens, the team has allocated 75% to the community, which enhances the token's distribution and involvement. This phase is designed to last just two weeks, after which the TGE will occur. Post-TGE, the game will undergo a full transformation, introducing more utility and potentially higher demand for X tokens.
2. Low Estimate: $0.002 per X Token
This estimate assumes modest demand from the player base and moderate levels of engagement post-launch. If participation doesnât reach high levels, we might see the X token price hovering around $0.002. While this is a conservative prediction, it reflects the possibility of average market conditions and limited demand growth during the early stages.
3. Mid Estimate: $0.005-$0.01 per X Token
With strong interest in pre-market NFT trading and robust participation in the airdrop, the token could perform much better, placing the price in the $0.005-$0.01 range. The scarcity effect, combined with demand for NFT vouchers, could drive post-airdrop trading volumes significantly higher, leading to a healthy price increase for X tokens.
4. High Estimate: $0.02-$0.03 per X Token
If the gameâs user base continues to grow rapidly post-launch and extreme demand follows the listing, we could see prices surge to between $0.02 and $0.03 per X token. This scenario assumes continued high levels of participation, strong in-game utility, and sustained interest in the token from both players and investors.
5. Whatâs Driving Demand?
Several factors are influencing these price predictions:
- Airdrop scarcity: With limited tokens available post-airdrop, scarcity could increase demand.
- NFT market: Strong pre-market trading for game-related NFTs could further bolster the tokenâs value.
- Game growth: If the game maintains or increases its active player base, it could create sustained demand for X tokens, pushing prices higher.
Conclusion: X Tokenâs Post-Launch Potential
While the market remains speculative, the X token could experience significant price movement, especially if the game continues to perform well post-TGE. Investors and players alike should monitor the TGE and the initial listing, as it will set the stage for future price action.
#XEMPDebut #Xempireworld #xempire #XEmpireTokenomics #xempdiredate
âïžEverything is going exactly according to plan. Now, while we wait for it to play out, weâve checked 19 altcoins with specific dates for you!
âĄïžThe list will provide a range of dates for accumulating these coins. Weâll notify you when itâs time to sell. Be prepared to hold them for a couple of months, but it will be worth it!đ
đȘHereâs the list of coins (name month/date):
1. ETH: 10/04 - 10/09
2. PEPE: 10/06 - 10/12
3. COMP: 10/03
4. OP: 10/03 - 10/14
5. ARB: 10/05 - 10/11
6. DOT: 10/03 - 10/16
7. NOT: 10/04 - 10/19
8. DOGS: 10/02 - 10/19
9. TON: 10/02 - 10/10
10. ZK: 10/08 - 10/22
11. ROSE: 10/06 - 10/28
12. DYDX: 10/15
13. ATOM: 10/10
14. LTC: 10/17 - 10/26
15. SOL: 10/15 - 10/16
16. XCH: 10/14 - 10/11
17. XRP: 10/15 - 10/13
18. TRY: 10/14
19. ICP: 10/15 - 10/10
đžGet rich! Weâre looking forward to your reactions!
Turn on notifications for our channel and recommend it to your friends! We're just starting to make a whirlwind in this market!#WeAreAllSatoshi #BTCUptober #getreach #BNBChainMemecoins #listcoins
âĄïžThe list will provide a range of dates for accumulating these coins. Weâll notify you when itâs time to sell. Be prepared to hold them for a couple of months, but it will be worth it!đ
đȘHereâs the list of coins (name month/date):
1. ETH: 10/04 - 10/09
2. PEPE: 10/06 - 10/12
3. COMP: 10/03
4. OP: 10/03 - 10/14
5. ARB: 10/05 - 10/11
6. DOT: 10/03 - 10/16
7. NOT: 10/04 - 10/19
8. DOGS: 10/02 - 10/19
9. TON: 10/02 - 10/10
10. ZK: 10/08 - 10/22
11. ROSE: 10/06 - 10/28
12. DYDX: 10/15
13. ATOM: 10/10
14. LTC: 10/17 - 10/26
15. SOL: 10/15 - 10/16
16. XCH: 10/14 - 10/11
17. XRP: 10/15 - 10/13
18. TRY: 10/14
19. ICP: 10/15 - 10/10
đžGet rich! Weâre looking forward to your reactions!
Turn on notifications for our channel and recommend it to your friends! We're just starting to make a whirlwind in this market!#WeAreAllSatoshi #BTCUptober #getreach #BNBChainMemecoins #listcoins
HBO's New Documentary Claims to Unmask Bitcoin's Creator
A new documentary set to premiere on HBO is making a bold claim: it will reveal the true identity of Satoshi Nakamoto, the mysterious figure behind Bitcoin. Titled "Money Electric: the Bitcoin Mystery," the film is directed by investigative filmmaker Cullen Hoback, known for his work on the QAnon conspiracy theory.
While the documentary promises to shed light on one of the most enduring mysteries in the crypto world, past attempts to identify Satoshi Nakamoto have proven elusive. In 2014, Newsweek journalist Leah McGrath Goodman incorrectly identified Dorian Satoshi Nakamoto as the creator of Bitcoin. Later, tech publication WIRED suggested that Craig Wright could be Satoshi, but this claim was subsequently debunked.
The crypto community has largely come to accept that the identity of Satoshi Nakamoto may remain a mystery. However, the allure of solving this puzzle persists, and HBO's new documentary offers the latest attempt to crack the case.
As the documentary's release date approaches, speculation and excitement are building among crypto enthusiasts. Whether "Money Electric: the Bitcoin Mystery" will deliver on its promise of revealing Satoshi Nakamoto's true identity remains to be seen.
#WeAreAllSatoshi #satoshi #HBODocumentarySatoshiRevealed #TCUptober #btcupdates2024
While the documentary promises to shed light on one of the most enduring mysteries in the crypto world, past attempts to identify Satoshi Nakamoto have proven elusive. In 2014, Newsweek journalist Leah McGrath Goodman incorrectly identified Dorian Satoshi Nakamoto as the creator of Bitcoin. Later, tech publication WIRED suggested that Craig Wright could be Satoshi, but this claim was subsequently debunked.
The crypto community has largely come to accept that the identity of Satoshi Nakamoto may remain a mystery. However, the allure of solving this puzzle persists, and HBO's new documentary offers the latest attempt to crack the case.
As the documentary's release date approaches, speculation and excitement are building among crypto enthusiasts. Whether "Money Electric: the Bitcoin Mystery" will deliver on its promise of revealing Satoshi Nakamoto's true identity remains to be seen.
#WeAreAllSatoshi #satoshi #HBODocumentarySatoshiRevealed #TCUptober #btcupdates2024
Bitcoinâs Poor Start to Bullish October Continues, but There May Be Cheer Ahead for Bulls
Summary:
* $BTC Bitcoin (BTC) dipped below $60,000 briefly, causing liquidations of bullish bets despite October being historically strong for Bitcoin.
* Social sentiment is bearish on Bitcoin's price recovery.
* Rising oil prices due to Middle East tensions are impacting Bitcoin's price.
* Polymarket bettors show mixed feelings on Bitcoin's price direction in October, with a lean towards a range-bound movement.
Key Points:
* Bitcoin is down over 6% since the start of October, a month that has historically been bullish for Bitcoin.
* CoinGlass data shows that most gains appear in the latter part of October, while the first week is generally bearish.
* Geopolitical tension in the Middle East has shifted investor interest to oil and gold.
* The U.S. presidential election is looking close on Polymarket.
Additional Information:
* The CoinDesk 20 (CD20) index is down 1%.
* Memecoin dogecoin (DOGE) was up 2% on no immediate catalyst.
* Bullish bettors on Polymarket are giving a 63% chance that Israel will strike Iranian oil facilities in October.
* Donald Trump-themed TREMP, a Solana meme coin, is up 14%.
I hope this is helpful!
#WeAreAllSatoshi #itwiseFilesXRPETF #TCUptober #ECFilesAppealRipple #NeiroOnBinance
* $BTC Bitcoin (BTC) dipped below $60,000 briefly, causing liquidations of bullish bets despite October being historically strong for Bitcoin.
* Social sentiment is bearish on Bitcoin's price recovery.
* Rising oil prices due to Middle East tensions are impacting Bitcoin's price.
* Polymarket bettors show mixed feelings on Bitcoin's price direction in October, with a lean towards a range-bound movement.
Key Points:
* Bitcoin is down over 6% since the start of October, a month that has historically been bullish for Bitcoin.
* CoinGlass data shows that most gains appear in the latter part of October, while the first week is generally bearish.
* Geopolitical tension in the Middle East has shifted investor interest to oil and gold.
* The U.S. presidential election is looking close on Polymarket.
Additional Information:
* The CoinDesk 20 (CD20) index is down 1%.
* Memecoin dogecoin (DOGE) was up 2% on no immediate catalyst.
* Bullish bettors on Polymarket are giving a 63% chance that Israel will strike Iranian oil facilities in October.
* Donald Trump-themed TREMP, a Solana meme coin, is up 14%.
I hope this is helpful!
#WeAreAllSatoshi #itwiseFilesXRPETF #TCUptober #ECFilesAppealRipple #NeiroOnBinance
đš Exciting News Alert! đȘ
Get ready for the groundbreaking HBO documentary, "Money Electric: The #Bitcoin Mystery," set to unveil the secret identity of the legendary Satoshi Nakamoto! đ
đĄ Dive deep into the world of cryptocurrency as this film promises to reveal the truth that could potentially shake up the entire global financial landscape! đ
đ Mark your calendars for the premiere on Wednesday, October 9, and be part of this historic moment that could reshape the way we see and understand money. Don't miss out on this must-watch event! đ„đ°
#MoneyElectric
#SatoshiNakamoto
#BitcoinMystery
#HBOdocumentary
Get ready for the groundbreaking HBO documentary, "Money Electric: The #Bitcoin Mystery," set to unveil the secret identity of the legendary Satoshi Nakamoto! đ
đĄ Dive deep into the world of cryptocurrency as this film promises to reveal the truth that could potentially shake up the entire global financial landscape! đ
đ Mark your calendars for the premiere on Wednesday, October 9, and be part of this historic moment that could reshape the way we see and understand money. Don't miss out on this must-watch event! đ„đ°
#MoneyElectric
#SatoshiNakamoto
#BitcoinMystery
#HBOdocumentary
LIVEMeme Updates
--
$BTC
đȘIn a new HBO documentary, "Money Electric: The #Bitcoin Mystery," they promise to "reveal the true identity of Satoshi Nakamoto," according to Politico.
âïž"This information could cause a SHOCK in global financial markets if many believe it."
đT
$BTC
đȘIn a new HBO documentary, "Money Electric: The #Bitcoin Mystery," they promise to "reveal the true identity of Satoshi Nakamoto," according to Politico.
âïž"This information could cause a SHOCK in global financial markets if many believe it."
đThe film will be released next Wednesday, October 9.
#BTCUptober #EIGENonBinance #NeiroOnBinance #IranianMissilesPlummetsBTC #GrayscaleRollsOutAaveFund
đȘIn a new HBO documentary, "Money Electric: The #Bitcoin Mystery," they promise to "reveal the true identity of Satoshi Nakamoto," according to Politico.
âïž"This information could cause a SHOCK in global financial markets if many believe it."
đThe film will be released next Wednesday, October 9.
#BTCUptober #EIGENonBinance #NeiroOnBinance #IranianMissilesPlummetsBTC #GrayscaleRollsOutAaveFund
LIVELIVEMeme Updates
--
$BTC
đȘIn a new HBO documentary, "Money Electric: The #Bitcoin Mystery," they promise to "reveal the true identity of Satoshi Nakamoto," according to Politico.
âïž"This information could cause a SHOCK in global financial markets if many believe it."
đThe film will be released next Wednesday, October 9.
#BTCUptober #EIGENonBinance #NeiroOnBinance #IranianMissilesPlummetsBTC #GrayscaleRollsOutAaveFund
đȘIn a new HBO documentary, "Money Electric: The #Bitcoin Mystery," they promise to "reveal the true identity of Satoshi Nakamoto," according to Politico.
âïž"This information could cause a SHOCK in global financial markets if many believe it."
đThe film will be released next Wednesday, October 9.
#BTCUptober #EIGENonBinance #NeiroOnBinance #IranianMissilesPlummetsBTC #GrayscaleRollsOutAaveFund
Bitcoin Flat Near $61K as Whales Continue to Accumulate; XRP Down 10% as SEC Appeals Case
PLUS: AI tokens not moving despite a $6.6 billion fundraise from OpenAI.
Bitcoin remains relatively stable above $61,100, while ether experiences a 4% drop to $2,390 amid geopolitical tensions following Iranian airstrikes on Israel, influencing a broader market sell-off.Despite the downturn, there's significant whale accumulation of Bitcoin, suggesting anticipation of a future bull run. Meanwhile, bitcoin ETFs see outflows, whereas ether ETFs attract inflows.XRP drops over 10% after the SEC's decision to appeal a ruling on its regulatory powers over crypto markets.
Bitcoin (BTC) and ether (ETH) continued in the red at the start of Asian trading hours Thursday as the market withstood another sell-off.
BTC is flat, trading above $61,100, while ETH is down 4% and trading at $2,390. Crypto markets took a hit from Tuesday night after Irani airstrikes on Israel, which the latter has vowed to retaliate, in a move that has dented a rally in risk assets, including bitcoin.
However, whales continue to accumulate bitcoin at unprecedented rates despite the macro environment and market dullness, CryptoQuant founder Ki Young-Ju said in an X post.
Whales colloquially refer to influential entities that hold largest amounts of any asset - and on-chain data shows new bitcoin whales are making sizeable purchases in anticipation of a bull run ahead.
Outflows from the BTC exchange-traded funds (ETFs) continued with $91.76 million in outflow during the Wednesday U.S. trading day. Ether ETFs experienced the opposite, with inflows of $14.45 million, breaking a two-day streak of outflow.
XRP plunged more than 10% in the past 24 hours after the U.S. SEC said on Wednesday that it is appealing a court ruling restricting its ability to regulate cryptocurrency markets. The SEC will ask the 2nd U.S. Circuit Court of Appeals to review a July 2023 decision that the XRP token sold by Ripple Labs on public exchanges did not meet the legal definition of a security.
Memecoin mog (MOG), the second-largest cat-themed token behind popcat (POPCAT), saw little price movement after getting an automated mention from Republican candidate Donald Trump's X account. Trump's account seems to be sending a reply to any account that liked his tweet.
A Polymarket market tracking Trump's mention of the word "mog" - or related adjectives - before December 31 was unchanged at 13% of "yes" votes, leading to some drama among voters.
Elsewhere in the market, LDO, the native token of non-custodial staking solution Lido, is down nearly 9%, following Ether's decline.
Artificial Intelligence tokens are also not moving, despite an announcement from OpenAI that it had raised $6.6 billion at a valuation of $157 billion.
UPDATE (Oct 3, 07:00 UTC): Updates eighth paragraph to clarify Donald Trump mentioning Mog on X was an automated response.
#moonbix #BTCReboundsAfterFOMC #TCUptober #EIGENonBinance #ECFilesAppealRipple
Bitcoin remains relatively stable above $61,100, while ether experiences a 4% drop to $2,390 amid geopolitical tensions following Iranian airstrikes on Israel, influencing a broader market sell-off.Despite the downturn, there's significant whale accumulation of Bitcoin, suggesting anticipation of a future bull run. Meanwhile, bitcoin ETFs see outflows, whereas ether ETFs attract inflows.XRP drops over 10% after the SEC's decision to appeal a ruling on its regulatory powers over crypto markets.
Bitcoin (BTC) and ether (ETH) continued in the red at the start of Asian trading hours Thursday as the market withstood another sell-off.
BTC is flat, trading above $61,100, while ETH is down 4% and trading at $2,390. Crypto markets took a hit from Tuesday night after Irani airstrikes on Israel, which the latter has vowed to retaliate, in a move that has dented a rally in risk assets, including bitcoin.
However, whales continue to accumulate bitcoin at unprecedented rates despite the macro environment and market dullness, CryptoQuant founder Ki Young-Ju said in an X post.
Whales colloquially refer to influential entities that hold largest amounts of any asset - and on-chain data shows new bitcoin whales are making sizeable purchases in anticipation of a bull run ahead.
Outflows from the BTC exchange-traded funds (ETFs) continued with $91.76 million in outflow during the Wednesday U.S. trading day. Ether ETFs experienced the opposite, with inflows of $14.45 million, breaking a two-day streak of outflow.
XRP plunged more than 10% in the past 24 hours after the U.S. SEC said on Wednesday that it is appealing a court ruling restricting its ability to regulate cryptocurrency markets. The SEC will ask the 2nd U.S. Circuit Court of Appeals to review a July 2023 decision that the XRP token sold by Ripple Labs on public exchanges did not meet the legal definition of a security.
Memecoin mog (MOG), the second-largest cat-themed token behind popcat (POPCAT), saw little price movement after getting an automated mention from Republican candidate Donald Trump's X account. Trump's account seems to be sending a reply to any account that liked his tweet.
A Polymarket market tracking Trump's mention of the word "mog" - or related adjectives - before December 31 was unchanged at 13% of "yes" votes, leading to some drama among voters.
Elsewhere in the market, LDO, the native token of non-custodial staking solution Lido, is down nearly 9%, following Ether's decline.
Artificial Intelligence tokens are also not moving, despite an announcement from OpenAI that it had raised $6.6 billion at a valuation of $157 billion.
UPDATE (Oct 3, 07:00 UTC): Updates eighth paragraph to clarify Donald Trump mentioning Mog on X was an automated response.
#moonbix #BTCReboundsAfterFOMC #TCUptober #EIGENonBinance #ECFilesAppealRipple
Vitalik Buterin Proposes Lowering the Staking Entry Threshold from 32 ETH to 16-24 ETH
Vitalik Buterin suggests lowering the entry threshold for staking from 32 ETH to 16-24 ETH.This would benefit both the accessibility of staking and scalability.Ultimately, Vitalik wants to reduce the minimum deposit to 1 ETH.
I think there's a sane version of this where we recognize that 32 ETH is much more of a barrier than bandwidth reqs, and temporarily do a trade where we up the bandwidth reqs a bit and in exchange drop the staking deposit minimum to eg. 16 or 24 ETH.
It's net-good for both staking accessibility and scale. Then once we figure out peerdas, bandwidth reqs go back down, and once we figure out orbit SSF, the deposit minimum can drop to 1 ETH.
#SECFilesAppealRipple #SECAppealRipple #BitwiseFilesXRPETF #BTCUptober #EIGENonBinance $ETH
Vitalik Buterin suggests lowering the entry threshold for staking from 32 ETH to 16-24 ETH.This would benefit both the accessibility of staking and scalability.Ultimately, Vitalik wants to reduce the minimum deposit to 1 ETH.
I think there's a sane version of this where we recognize that 32 ETH is much more of a barrier than bandwidth reqs, and temporarily do a trade where we up the bandwidth reqs a bit and in exchange drop the staking deposit minimum to eg. 16 or 24 ETH.
It's net-good for both staking accessibility and scale. Then once we figure out peerdas, bandwidth reqs go back down, and once we figure out orbit SSF, the deposit minimum can drop to 1 ETH.
#SECFilesAppealRipple #SECAppealRipple #BitwiseFilesXRPETF #BTCUptober #EIGENonBinance $ETH
đĄTK Research experts have named the key crypto narratives of Q3:
âĄïžMeme tokens continue to dominate the market with a total capitalization of $46 billion. Tokens like NEIRO, POPCAT, MEW, MOG, BABYDOGE, TURBO, and SUNDOG have gained attention due to their popularity and large number of holders.
đ€ AI with $37.2 billion, Liquid Staking with $35.8 billion, and RWA with $30.3 billion showed significant results.
đDespite the growing popularity of AI, Liquid Staking tokens led in average asset value per walletâ$19,000. Some narratives like insurance, CDP, and others saw declines in capitalization (-28.7%, -23.6%, -21.2%, respectively), potentially signaling a correction after a surge in popularity in the previous quarter.
âĄïžMeme tokens continue to dominate the market with a total capitalization of $46 billion. Tokens like NEIRO, POPCAT, MEW, MOG, BABYDOGE, TURBO, and SUNDOG have gained attention due to their popularity and large number of holders.
đ€ AI with $37.2 billion, Liquid Staking with $35.8 billion, and RWA with $30.3 billion showed significant results.
đDespite the growing popularity of AI, Liquid Staking tokens led in average asset value per walletâ$19,000. Some narratives like insurance, CDP, and others saw declines in capitalization (-28.7%, -23.6%, -21.2%, respectively), potentially signaling a correction after a surge in popularity in the previous quarter.
The Top 5 Crypto Sectors Driving the Market in October 2024
As October 2024 kicked off, the crypto market has remained steady despite a widespread dip on Tuesday. Since January, thereâs been an interesting uptick in specific crypto themes, with artificial intelligence (AI) tokens, bridge cryptocurrencies, and meme coins outshining sectors like exchange tokens and store of value coins. The following editorial explores the top five powerhouse sectors fueling the momentum of todayâs crypto economy.
2024âs Top Crypto SectorsâBridge, AI, Meme Coins, and Beyond
In 2024, the crypto world has been buzzing with AI-themed assets and playful meme coins, with names as quirky as a celebrity or even a famous baby pygmy hippo. According to the latest from Artemis Terminal at artemis.xyz, the bridge crypto sector currently leads the pack with a weighted average of 33.4%. The weighted average on artemis.xyz reflects the percentage change in the total fully diluted market capitalization of tokens within the sector. This calculation factors in each tokenâs unique influence, adjusting for its market weight.
Bridge Sector
Bridge cryptocurrencies play a key role by enabling assets and data to flow across different blockchain networks, boosting liquidity, and expanding blockchain ecosystemsâ utility. These tokens are connected to cross-chain bridge systems like Wormhole, Synapse Protocol, Polygon Bridge, Arbitrum, and Layerzero. Many bridges employ the âwrapped assetâ approach, in which the original asset is securely locked on one blockchain, while a corresponding âwrappedâ version is created on the destination chain.
AI Sector
Following closely behind is the AI coin sector, which has been quite the sensation this year, sporting a 29% weighted average as per artemis.xyz. The AI crypto sector blends artificial intelligence with blockchain tech, often utilizing machine learning to improve decision-making, security, and functionality in the Web3 space. AI tokens also provide access to AI services on blockchain platforms, bringing cutting-edge, decentralized technology to a broader audience. This sector began gaining serious momentum in late December 2023.
Meme Coin Sector
Then thereâs the meme coin sector. These cryptos, born from internet memes or pop culture, often start as jokes, but some have achieved significant value. With large supplies and a strong reliance on community engagement and social media hype, meme coins have carved out their space. Dogecoin (DOGE), the original meme coin, remains the largest by market capitalization. However, this year has introduced a new wave of meme coins, many boasting substantial market values and trading volumes. Artemis Terminal reports a weighted average of 20.9% for meme coins today.
Top five crypto sectors as of Oct. 2, 2024, according to Artemis Terminal statistics,
RWA Sector
Next on the list is the real-world assets (RWA) crypto sector. These tokens represent ownership or fractionalized shares of tangible assets like real estate, Treasury bills, commodities, or artwork. On Oct. 2, Artemis Terminal gave the RWA sector a weighted average of 19.1%. According to rwa.xyz, thereâs about $12.15 billion in RWA on-chain assets, marking a significant footprint for traditional investments on the blockchain. Giant financial institutions like Blackrock and Franklin Templeton have entered this space.
Out of the $12.15 billion in RWA value, tokenized U.S. Treasuries make up $2.28 billion.
Data Services Sector
Rounding out the top sectors is the data services crypto space, with a weighted average of 17.9% as of Wednesday. Data services cryptos focus on decentralized solutions for data storage, oracles, management, and analysis. They aim to create secure, efficient, and accessible data ecosystems, leveraging blockchain tech to ensure data integrity and privacy. This sector includes popular tokens like filecoin (FIL), arweave (AR), and chainlink (LINK).
A Shift Toward Practical Applications and Memes
Other notable sectors today include data availability, gaming, smart contracts, NFT platforms, decentralized finance (defi), and the social crypto space. But itâs the bridge, AI, meme coin, RWA, and data services sectors that truly stand out, with bridge and AI tokens leading the charge at the start of October.
As the crypto market continues to evolve, 2024 has showcased sectors that merge tech innovation with market demand. Bridge and AI tokens, in particular, are highlighting their importance in driving cross-chain interoperability and advancing AI integration. These trends signal a shift toward practical applications with a real-world impact in the blockchain ecosystem.
What do you think about the top five crypto sectors driving the economy today? Share your thoughts and opinions about this subject in the comments section below. đđ»
#BinanceLaunchpoolHMSTR #ECFilesAppealRipple #itwiseFilesXRPETF #TCUptober #EIGENonBinance
2024âs Top Crypto SectorsâBridge, AI, Meme Coins, and Beyond
In 2024, the crypto world has been buzzing with AI-themed assets and playful meme coins, with names as quirky as a celebrity or even a famous baby pygmy hippo. According to the latest from Artemis Terminal at artemis.xyz, the bridge crypto sector currently leads the pack with a weighted average of 33.4%. The weighted average on artemis.xyz reflects the percentage change in the total fully diluted market capitalization of tokens within the sector. This calculation factors in each tokenâs unique influence, adjusting for its market weight.
Bridge Sector
Bridge cryptocurrencies play a key role by enabling assets and data to flow across different blockchain networks, boosting liquidity, and expanding blockchain ecosystemsâ utility. These tokens are connected to cross-chain bridge systems like Wormhole, Synapse Protocol, Polygon Bridge, Arbitrum, and Layerzero. Many bridges employ the âwrapped assetâ approach, in which the original asset is securely locked on one blockchain, while a corresponding âwrappedâ version is created on the destination chain.
AI Sector
Following closely behind is the AI coin sector, which has been quite the sensation this year, sporting a 29% weighted average as per artemis.xyz. The AI crypto sector blends artificial intelligence with blockchain tech, often utilizing machine learning to improve decision-making, security, and functionality in the Web3 space. AI tokens also provide access to AI services on blockchain platforms, bringing cutting-edge, decentralized technology to a broader audience. This sector began gaining serious momentum in late December 2023.
Meme Coin Sector
Then thereâs the meme coin sector. These cryptos, born from internet memes or pop culture, often start as jokes, but some have achieved significant value. With large supplies and a strong reliance on community engagement and social media hype, meme coins have carved out their space. Dogecoin (DOGE), the original meme coin, remains the largest by market capitalization. However, this year has introduced a new wave of meme coins, many boasting substantial market values and trading volumes. Artemis Terminal reports a weighted average of 20.9% for meme coins today.
Top five crypto sectors as of Oct. 2, 2024, according to Artemis Terminal statistics,
RWA Sector
Next on the list is the real-world assets (RWA) crypto sector. These tokens represent ownership or fractionalized shares of tangible assets like real estate, Treasury bills, commodities, or artwork. On Oct. 2, Artemis Terminal gave the RWA sector a weighted average of 19.1%. According to rwa.xyz, thereâs about $12.15 billion in RWA on-chain assets, marking a significant footprint for traditional investments on the blockchain. Giant financial institutions like Blackrock and Franklin Templeton have entered this space.
Out of the $12.15 billion in RWA value, tokenized U.S. Treasuries make up $2.28 billion.
Data Services Sector
Rounding out the top sectors is the data services crypto space, with a weighted average of 17.9% as of Wednesday. Data services cryptos focus on decentralized solutions for data storage, oracles, management, and analysis. They aim to create secure, efficient, and accessible data ecosystems, leveraging blockchain tech to ensure data integrity and privacy. This sector includes popular tokens like filecoin (FIL), arweave (AR), and chainlink (LINK).
A Shift Toward Practical Applications and Memes
Other notable sectors today include data availability, gaming, smart contracts, NFT platforms, decentralized finance (defi), and the social crypto space. But itâs the bridge, AI, meme coin, RWA, and data services sectors that truly stand out, with bridge and AI tokens leading the charge at the start of October.
As the crypto market continues to evolve, 2024 has showcased sectors that merge tech innovation with market demand. Bridge and AI tokens, in particular, are highlighting their importance in driving cross-chain interoperability and advancing AI integration. These trends signal a shift toward practical applications with a real-world impact in the blockchain ecosystem.
What do you think about the top five crypto sectors driving the economy today? Share your thoughts and opinions about this subject in the comments section below. đđ»
#BinanceLaunchpoolHMSTR #ECFilesAppealRipple #itwiseFilesXRPETF #TCUptober #EIGENonBinance
Crypto News Highlights: October 3, 2024
Here are some areas that have been trending in recent crypto news:
Regulatory Developments:
* Global Regulatory Landscape: Increased scrutiny of cryptocurrencies by governments worldwide.
* US Securities and Exchange Commission (SEC) Actions: Potential lawsuits or regulatory actions against crypto exchanges or projects.
* International Regulatory Collaboration: Efforts to establish global standards for cryptocurrencies.
Market Trends:
* Bitcoin Dominance: Shifts in Bitcoin's dominance within the crypto market.
* Altcoin Performance: Notable gains or losses in alternative cryptocurrencies.
* Market Sentiment: Overall investor confidence and sentiment towards cryptocurrencies.
Technological Advancements:
* Blockchain Scalability: Developments in scaling solutions for blockchain networks.
* Decentralized Finance (DeFi): Growth and innovation within the DeFi ecosystem.
* Non-Fungible Tokens (NFTs): New use cases and trends in the NFT market.
Institutional Adoption:
* Corporate Investments: Major companies investing in cryptocurrencies or blockchain technology.
* Financial Institutions: Banks and other financial institutions exploring crypto-related services.
* Government Initiatives: Governments adopting blockchain for various applications.
#BinanceLaunchpoolHMSTR #BitwiseFilesXRPETF #EIGENonBinance #BTCUptober #BTCReboundsAfterFOMC
Here are some areas that have been trending in recent crypto news:
Regulatory Developments:
* Global Regulatory Landscape: Increased scrutiny of cryptocurrencies by governments worldwide.
* US Securities and Exchange Commission (SEC) Actions: Potential lawsuits or regulatory actions against crypto exchanges or projects.
* International Regulatory Collaboration: Efforts to establish global standards for cryptocurrencies.
Market Trends:
* Bitcoin Dominance: Shifts in Bitcoin's dominance within the crypto market.
* Altcoin Performance: Notable gains or losses in alternative cryptocurrencies.
* Market Sentiment: Overall investor confidence and sentiment towards cryptocurrencies.
Technological Advancements:
* Blockchain Scalability: Developments in scaling solutions for blockchain networks.
* Decentralized Finance (DeFi): Growth and innovation within the DeFi ecosystem.
* Non-Fungible Tokens (NFTs): New use cases and trends in the NFT market.
Institutional Adoption:
* Corporate Investments: Major companies investing in cryptocurrencies or blockchain technology.
* Financial Institutions: Banks and other financial institutions exploring crypto-related services.
* Government Initiatives: Governments adopting blockchain for various applications.
#BinanceLaunchpoolHMSTR #BitwiseFilesXRPETF #EIGENonBinance #BTCUptober #BTCReboundsAfterFOMC
Bitwise Seeks SEC Approval to Launch Spot XRP ETF
Asset management firm Bitwise is seeking approval from the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF), offering investors direct exposure to XRP through traditional brokerage accounts. âXRP has been an enduring crypto asset that many investors want exposure to,â said the CEO of Bitwise.
Bitwise Seeks SEC Approval for Spot XRP ETF
Bitwise Asset Management announced on Wednesday that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) for âBitwise XRP ETF,â a spot XRP exchange-traded fund (ETF) designed to offer investors direct exposure to XRP. âThe proposed fund would hold XRP directly,â the company stated. The filing came after a submission to the Delaware Division of Corporations the day before.
Hunter Horsley, Bitwiseâs CEO, shared on social media platform X:
Today we filed an S-1 for a Bitwise XRP ETP! For more than a decade, XRP has been an enduring crypto asset that many investors want exposure to.
âOver the past 6+ years, weâve worked to pioneer investment vehicles that provide access to the emerging opportunities in the space. Weâre excited to continue that work,â the executive added.
The proposed ETF plans to store XRP with Coinbase Custody Trust Company LLC, a New York-based limited liability trust company that offers digital asset custody services. The filing states: âThe net assets of the trust and its shares are valued on a daily basis with reference to the pricing benchmark, a standardized reference rate published by CF Benchmarks Ltd. (the âBenchmark Providerâ) that is designed to reflect the performance of XRP in U.S. dollars.â
This exchange-traded product (ETP) aims to provide investors with âthe opportunity to access the market for XRP through a traditional brokerage account without the potential barriers to entry or risks involved with acquiring and holding XRP directly,â Bitwise described.
The asset management firm clarified:
The launch of the Bitwise XRP ETP is pending effectiveness of the Form S-1 as well as approval of a Form 19b-4 filing.
XRP is central to the ongoing Ripple lawsuit with the SEC. The regulator has until Oct. 7 to appeal District Judge Analisa Torresâ ruling, which classified XRPâs programmatic sales as non-securities, marking a significant win for Ripple. Some firmly believe that the SEC will appeal.
What do you think about Bitwiseâs plan to offer a spot XRP ETF to investors? Let us know in the comments section below.
#BinanceLaunchpoolHMSTR
#itwiseFilesXRPETF
#EIGENonBinance
#TCUptober
#XRPGoal
Bitwise Seeks SEC Approval for Spot XRP ETF
Bitwise Asset Management announced on Wednesday that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) for âBitwise XRP ETF,â a spot XRP exchange-traded fund (ETF) designed to offer investors direct exposure to XRP. âThe proposed fund would hold XRP directly,â the company stated. The filing came after a submission to the Delaware Division of Corporations the day before.
Hunter Horsley, Bitwiseâs CEO, shared on social media platform X:
Today we filed an S-1 for a Bitwise XRP ETP! For more than a decade, XRP has been an enduring crypto asset that many investors want exposure to.
âOver the past 6+ years, weâve worked to pioneer investment vehicles that provide access to the emerging opportunities in the space. Weâre excited to continue that work,â the executive added.
The proposed ETF plans to store XRP with Coinbase Custody Trust Company LLC, a New York-based limited liability trust company that offers digital asset custody services. The filing states: âThe net assets of the trust and its shares are valued on a daily basis with reference to the pricing benchmark, a standardized reference rate published by CF Benchmarks Ltd. (the âBenchmark Providerâ) that is designed to reflect the performance of XRP in U.S. dollars.â
This exchange-traded product (ETP) aims to provide investors with âthe opportunity to access the market for XRP through a traditional brokerage account without the potential barriers to entry or risks involved with acquiring and holding XRP directly,â Bitwise described.
The asset management firm clarified:
The launch of the Bitwise XRP ETP is pending effectiveness of the Form S-1 as well as approval of a Form 19b-4 filing.
XRP is central to the ongoing Ripple lawsuit with the SEC. The regulator has until Oct. 7 to appeal District Judge Analisa Torresâ ruling, which classified XRPâs programmatic sales as non-securities, marking a significant win for Ripple. Some firmly believe that the SEC will appeal.
What do you think about Bitwiseâs plan to offer a spot XRP ETF to investors? Let us know in the comments section below.
#BinanceLaunchpoolHMSTR
#itwiseFilesXRPETF
#EIGENonBinance
#TCUptober
#XRPGoal
$450M in Crypto Liquidations as Bitcoin Plummets Amid Geo Tensions | Key Points | Oct. 02, 2024
More than $450 million in crypto bets were wiped out in just 24 hours as bitcoinâs (BTC) price dropped due to rising tensions between Iran and Israel.
Whatâs the significance: A lot of traders were betting on bitcoin prices going up in October, but the sudden drop led to big losses.
This shows just how unstable the market can be, especially when global events cause uncertainty.
The numbers:
$450 million in total liquidations$122 million in BTC losses$100 million in ETH losses$85 million lost on smaller cryptocurrencies, including $10 million from the memecoin pepe (PEPE)Liquidations happen when traders borrow money to make big bets, and the exchange forces them to sell if the market moves against them.This can lead to a chain reaction, with more people selling and causing the price to drop further.
Still: Bitcoin did show signs of recovery, bouncing from a low of $60,300 to over $61,500. If the recovery continues, it might help traders regain confidence.
What to watch: The ongoing conflict in the Middle East, as well as the upcoming U.S. elections will continue to dominate headlines and affect market sentiment.
#BinanceLaunchpoolHMSTR #itwiseFilesXRPETF #EIGENonBinance #TCUptober #IranianMissilesPlummetsBTC
Whatâs the significance: A lot of traders were betting on bitcoin prices going up in October, but the sudden drop led to big losses.
This shows just how unstable the market can be, especially when global events cause uncertainty.
The numbers:
$450 million in total liquidations$122 million in BTC losses$100 million in ETH losses$85 million lost on smaller cryptocurrencies, including $10 million from the memecoin pepe (PEPE)Liquidations happen when traders borrow money to make big bets, and the exchange forces them to sell if the market moves against them.This can lead to a chain reaction, with more people selling and causing the price to drop further.
Still: Bitcoin did show signs of recovery, bouncing from a low of $60,300 to over $61,500. If the recovery continues, it might help traders regain confidence.
What to watch: The ongoing conflict in the Middle East, as well as the upcoming U.S. elections will continue to dominate headlines and affect market sentiment.
#BinanceLaunchpoolHMSTR #itwiseFilesXRPETF #EIGENonBinance #TCUptober #IranianMissilesPlummetsBTC
đȘ Tokenized Gold: A New Era of
Collateral đȘ
A groundbreaking pilot project has revealed the potential of tokenized assets, particularly gold, to revolutionize financial transactions.
The experiment demonstrated that these digital representations of physical assets can be used instantly to meet margin calls, bypassing traditional settlement processes and time zone constraints.
This breakthrough offers significant advantages, such as eliminating storage limitations and streamlining collateral management.
As a result, tokenized gold is poised to become a more efficient and accessible asset for financial transactions.
#BinanceLaunchpoolHMSTR #EIGENonBinance #BTCUptober #GOLD_UPDATE #gold
Collateral đȘ
A groundbreaking pilot project has revealed the potential of tokenized assets, particularly gold, to revolutionize financial transactions.
The experiment demonstrated that these digital representations of physical assets can be used instantly to meet margin calls, bypassing traditional settlement processes and time zone constraints.
This breakthrough offers significant advantages, such as eliminating storage limitations and streamlining collateral management.
As a result, tokenized gold is poised to become a more efficient and accessible asset for financial transactions.
#BinanceLaunchpoolHMSTR #EIGENonBinance #BTCUptober #GOLD_UPDATE #gold
Bitcoin Regains $61K in Worst Start to Most Bullish Month as Israel-Iran Tensions Rage On
Global equities and risk assets such as bitcoin took a hit Tuesday as Iran launched missiles on key Israeli locations, with the latter threatening retaliation in the coming days.
Tensions in the Middle East pushed down BTC during the first half of Asia trading hours Wednesday.The CoinDesk 20, a measure of the most liquid digital assets, had its worst drop in weeks.
Bitcoin (BTC) rose above $61,500 in Asian morning hours Wednesday after sliding to as low as $60,300 late Tuesday as a Middle East conflict grows, denting hopes for a rally in the assetâs historically most bullish month.
Iran fired about 200 ballistic missiles at Israel on Tuesday, threatening a fresh round of attacks as Prime Minister Benjamin Netanyahu vowed to retaliate. The strike was in response to Israel first carrying out a series of attacks on Lebanon in the past weeks.
BTC fell the most in over a month, while gold rose, with the drop reaching 6% at one point and 24-hour losses at 3.5%. That was the worst start for the assetâs historically most bullish month, Presto Research traders wrote in a note Wednesday.
Polymarket bettors are giving a 49% chance that Israel will retaliate against Iran by the end of the week.
âHistorically, October has been a strong month for BTC with only two losing years out of the last 11,â Presto said. It pointed out goldâs outperformance in the past 24 hours as a measure of the different maturity levels of both assets.
âLast nightâs BTC price action (BTC -4% vs. gold +0.8%) in the aftermath of Iranâs attack in May puzzling, esp. considering BlackRockâs recent pitch for BTC as a risk-off asset similar to gold,â researchers led by Peter Chung wrote. âThe reality is that the difference in these two assetsâ short-term price actions reflects their different maturity phases.â
The broad-based CoinDesk 20 (CD20) fell 4.7%, its worst drop in recent weeks.
âGold is a much more mature asset, with a 5,000 year history as a store of value, so thereâs not much room left for incremental network effects. BTC, on the other hand, shares the same attributes that make gold a good store of value (better in many cases), but with only 15 15-year history. This means itâs in the early stages of mainstream adoption, and its narrative is still poorly understood,â they added.
#BinanceLaunchpoolHMSTR #EIGENonBinance #TCUptober #itwiseFilesXRPETF #BTCReboundsAfterFOMC
Tensions in the Middle East pushed down BTC during the first half of Asia trading hours Wednesday.The CoinDesk 20, a measure of the most liquid digital assets, had its worst drop in weeks.
Bitcoin (BTC) rose above $61,500 in Asian morning hours Wednesday after sliding to as low as $60,300 late Tuesday as a Middle East conflict grows, denting hopes for a rally in the assetâs historically most bullish month.
Iran fired about 200 ballistic missiles at Israel on Tuesday, threatening a fresh round of attacks as Prime Minister Benjamin Netanyahu vowed to retaliate. The strike was in response to Israel first carrying out a series of attacks on Lebanon in the past weeks.
BTC fell the most in over a month, while gold rose, with the drop reaching 6% at one point and 24-hour losses at 3.5%. That was the worst start for the assetâs historically most bullish month, Presto Research traders wrote in a note Wednesday.
Polymarket bettors are giving a 49% chance that Israel will retaliate against Iran by the end of the week.
âHistorically, October has been a strong month for BTC with only two losing years out of the last 11,â Presto said. It pointed out goldâs outperformance in the past 24 hours as a measure of the different maturity levels of both assets.
âLast nightâs BTC price action (BTC -4% vs. gold +0.8%) in the aftermath of Iranâs attack in May puzzling, esp. considering BlackRockâs recent pitch for BTC as a risk-off asset similar to gold,â researchers led by Peter Chung wrote. âThe reality is that the difference in these two assetsâ short-term price actions reflects their different maturity phases.â
The broad-based CoinDesk 20 (CD20) fell 4.7%, its worst drop in recent weeks.
âGold is a much more mature asset, with a 5,000 year history as a store of value, so thereâs not much room left for incremental network effects. BTC, on the other hand, shares the same attributes that make gold a good store of value (better in many cases), but with only 15 15-year history. This means itâs in the early stages of mainstream adoption, and its narrative is still poorly understood,â they added.
#BinanceLaunchpoolHMSTR #EIGENonBinance #TCUptober #itwiseFilesXRPETF #BTCReboundsAfterFOMC
EigenLayer's EIGEN Token Slides 12% After Debuting at $6.51B FD
The token initially rose to $4.26 but has since fallen back to $3.77.
-At press time, EIGEN is trading at $4.26 or an FDV of $7.16 billion.
-The token will be listed on Binance and other exchanges on Oct. 1.
-TVL on EigenLayer has dropped by 50% since June.
Restaking protocol EigenLayer's native token (EIGEN) is now transferrable and trading at a fully diluted value (FDV) of $6.37 billion.
It was listed on several centralized exchanges including Binance and MEXC on Oct. 1 at 05:00 UTC. The token debuted at $3.9 billion with an FDV of $6.51 billion.
EIGEN initially rose by over 13% to $4.26 but has since fallen back to $3.77.
The total supply of EIGEN is 1.68 billion tokens, with an initial circulating supply of 185 million, which includes 86 million tokens that were airdropped to users that interacted with the protocol earlier this year.
Unlike commonly-issued governance tokens, EigenLayer's approach to EIGEN is different as it labels it the "Universal Intersubjective Work Token."
A blog post states that the token will solve challenges of "universality, isolation, metering and compensation." It will also use social consensus and forking to execute a variety of digital tasks.
EigenLayer has experienced outflows in recent months with its total value locked (TVL) dropping from $20 billion in June to around the current $10 billion. This is partly due to stakers exiting their positions after meeting the criteria to receive an airdrop.
The protocol is built on Ethereum, it accepts ether (ETH) deposits and gives users to ability to secure additional networks in return for additional yield.
#BinanceLaunchpoolHMSTR #EIGENonBinance #BTCUptober #BitwiseFilesXRPETF #EIGENonBinance
The token initially rose to $4.26 but has since fallen back to $3.77.
-At press time, EIGEN is trading at $4.26 or an FDV of $7.16 billion.
-The token will be listed on Binance and other exchanges on Oct. 1.
-TVL on EigenLayer has dropped by 50% since June.
Restaking protocol EigenLayer's native token (EIGEN) is now transferrable and trading at a fully diluted value (FDV) of $6.37 billion.
It was listed on several centralized exchanges including Binance and MEXC on Oct. 1 at 05:00 UTC. The token debuted at $3.9 billion with an FDV of $6.51 billion.
EIGEN initially rose by over 13% to $4.26 but has since fallen back to $3.77.
The total supply of EIGEN is 1.68 billion tokens, with an initial circulating supply of 185 million, which includes 86 million tokens that were airdropped to users that interacted with the protocol earlier this year.
Unlike commonly-issued governance tokens, EigenLayer's approach to EIGEN is different as it labels it the "Universal Intersubjective Work Token."
A blog post states that the token will solve challenges of "universality, isolation, metering and compensation." It will also use social consensus and forking to execute a variety of digital tasks.
EigenLayer has experienced outflows in recent months with its total value locked (TVL) dropping from $20 billion in June to around the current $10 billion. This is partly due to stakers exiting their positions after meeting the criteria to receive an airdrop.
The protocol is built on Ethereum, it accepts ether (ETH) deposits and gives users to ability to secure additional networks in return for additional yield.
#BinanceLaunchpoolHMSTR #EIGENonBinance #BTCUptober #BitwiseFilesXRPETF #EIGENonBinance
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WeAreAllSatoshi
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4,392 Posts
Who is Satoshi Nakamoto? đ€
Can you crack the Bitcoin creator mystery? đ”ïžââïžđ”ïžââïž Post your wildest memes, craziest theories, and thoughts on Satoshiâs identity using the hashtag #WeAreAllSatoshi
Is Satoshi an alien? A time traveler? Your neighbor's cat? đ± Let your imagination run wild! đ
We'll be reacting to the funniest entries, so bring your A-game!Â
Ready, set, meme!
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