al3crypto

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Yes, it’s likely. Approximately 19 minutes ago, Tesla, owned by Elon Musk, saw movements in its Bitcoin wallets. Small transfers occurred to new addresses, reminding us of a common practice. Corporate entities and individual whales often send small amounts to addresses before making large transfers. Once they confirm the successful arrival of Bitcoin, they proceed with the major transfer.

If Tesla executed this transfer, two conclusions can be drawn.
They might distribute their 11,509 BTC to various addresses.They could be preparing to sell BTC worth 767 million dollars.
The empty nature of the recipient addresses allows for two interpretations.
Transfers may be preparing to go to Coinbase Prime or new addresses from different OTC sales or exchanges.Tesla may have created new wallets, possibly new cold wallets.
We will likely learn the purpose behind this activity in the next one to two hours.

#bitcoin☀️ $BTC #BTCUptober #ElonMuskUpdates

🚀🚀🚀🚀🚀🚀
🍀🍀The Pi Testnet2 is now visible on the Pi Blockchain explorer, marking a significant development for the Pi Network. This new testnet is essential for testing the network switching mechanism that allows nodes to transition from the Testnet to the Mainnet.
🚀🚀This functionality ensures that both the Node application and its backend systems can handle operations across both blockchains, facilitating a smooth and seamless transition when moving towards Mainnet.
🔑🔑This is a key step in Pi Network’s overall strategy, allowing for final testing before full-scale deployment, ensuring reliability and consistency in blockchain operations.
⛓️‍💥⛓️‍💥 Nodes will play a crucial role in verifying transactions and maintaining the network’s integrity as the Mainnet launch approaches.

XRP May Benefit From Altcoin Season
Another important point to note is that XRP tends to perform relatively well during alt seasons. Considering how the future looks, alt seasons are likely, especially if Bitcoin’s market dominance decreases. Back in 2017, during an alt season, XRP experienced an astonishing 500X growth from $0.006 to around $3.50. Reports from that period also saw XRP grow over 10 times while still entangled in SEC laws, with its value fluctuating from $0.18 to $1.96. Based on what Cage said, this may happen again, especially if Bitcoin’s market share growth stalls. Some even predict a high-end estimate of $278 if XRP follows the trends seen in 2017, which saw a 500X increase.
XRP Problems: Lawsuits and Market Sentiment
The likelihood of XRP making some impressive gains is there, but its upside largely depends on the verdict in the Ripple versus SEC lawsuit. Investors have been anticipating a breakthrough, one that could resolve the legal matter that has not only impacted XRP’s price for several years but also caused it to be delisted from many top crypto exchanges. Additionally, with Bitcoin surging and dominating the market, there’s uncertainty about when the alt season will occur and, even if it does, whether XRP will repeat its past performances.
While XRP has the potential for an explosive rally fueled by market dynamics and legal aspects, Rexas Finance (RXS) is a better option for investors looking for massive returns. 

$XRP $XRP $XRP

#XRPGoal #XRP_ETF #xrpsucess #Xrp🔥🔥

How Does Global Money Supply Affect Bitcoin?
Coutts shared insights on X, explaining that the ongoing increase in the global money supply could be a significant driver for Bitcoin’s appreciation. He pointed out that as fiat currency circulation expands, coupled with Bitcoin’s fixed supply, the demand for the cryptocurrency is likely to escalate.
Could Donald Trump’s Election Win Influence Bitcoin?
The possibility of Donald Trump securing another term in office has been suggested as a contributing factor to the expected Bitcoin price surge. Current Polymarket data indicates a 60.3% probability for Trump’s victory, which could positively sway market perceptions of Bitcoin. Observers note a notable decrease in Bitcoin exchange reserves, hitting a six-year low, signaling strong demand.
Coutts highlights several key takeaways regarding Bitcoin’s potential rise:
Growing global money supply is linked to Bitcoin’s price increases.Trump’s possible re-election could enhance Bitcoin’s market image.Current market dynamics suggest a strong demand amid diminishing supply.
Market participants are urged to stay vigilant regarding fluctuations in the global money supply and Bitcoin’s trading momentum. As developments unfold, many are eagerly anticipating whether Coutts’ forecast will materialize in the coming months.

$BTC $BTC $BTC
#bitcoin☀️ #Bitcoin❗ #BTCSoarsTo68K #BTC☀

$BTC $BTC $BTC
Bitcoin (BTC) is currently in a precarious position, trading between $68K and $69K. Both technical and fundamental indicators suggest a significant downturn may be imminent.
📉 Technical Indicators:
• Rising Wedge: This bearish pattern signals weakening momentum. If Bitcoin falls below $63K, a larger drop could follow.
• Bearish RSI Divergence: Momentum is slowing, which often precedes a reversal.
• Death Cross: The 50-day moving average is nearing a crossover below the 200-day, a strong bearish signal.
• Weak Support: A dip below $61K could lead to a sharp fall, with the next major support at $56K.
📊 Fundamental Factors:
• Rising Interest Rates: Higher rates are reducing liquidity, making Bitcoin less attractive to institutional investors.
• Regulatory Pressure: Increased regulations could undermine investor confidence.
• Fearful Market: Sentiment indicates heightened fear, increasing the potential for sell-offs.
⚠️ Potential Scenarios:
• A fall below $57K could lead to a drop to $52K or lower, affecting altcoins as well.
• Reduced liquidity may amplify losses.
• Institutional investors may exit, intensifying downward pressure.
Conclusion: Bitcoin is at a critical turning point. A break below $42K could trigger a major market crash. Stay alert and manage risk carefully.

#bitcoin☀️ #Bitcoin❗ #BTC☀ #BTC500K

Current Price And Future Predictions
As of October 16, 2024, $SOL is trading at $154, while Ethereum is changing hands at $2610. Changelly, an on-chain price monitoring platform, forecasts that $ETH will reach between $5,000 and $9,850, while Solana's price will fall between $500 and $1,000. Apart from the areas where Ethereum outperforms Solana, a major influence is the huge difference in market capitalization. ETH's market cap is over $300 billion, while SOL's is less than half, at over $70 billion. Covering this gap before 2026 is very unlikely. While Solana and Ethereum are undeniably formidable cryptocurrencies, a rising crypto is poised to challenge their success. Rexas Finance aims to be a leader in real-world assets (RWAs)

#ETHETFsApproved #SolanaUSTD #ETH🔥🔥🔥🔥 #Solana_Blockchain

2024-10-18 10:30
LUMIA/USDT
0.000
+0.00%
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. 
Fellow Binancians,
Binance is excited to announce that Lumia (LUMIA) will be added to Binance Simple Earn, "Buy Crypto", Binance Convert, Binance Margin and Binance Auto-Invest at the respective dates and timings listed below.
Earn
LUMIA Simple Earn Flexible Products will be listed on Binance Simple Earn at 2024-10-18 09:00 (UTC) and will be available for subscription.
From 2024-10-21 10:00 (UTC), users may purchase LUMIA using any of the payment options supported on Binance Auto-Invest.
#Lumia #newlistings #NEWListing #MemeCoinTrending

Robinhood, the popular stock trading and investing platform, has announced plans to support bitcoin and ether futures as part of a broader strategy to expand into derivatives trading.
The news, revealed at Robinhood’s HOOD Summit on Wednesday, also introduced a new desktop platform, “Robinhood Legend,” aimed at more active traders.

In a statement following the summit, Robinhood emphasized customer demand as the driving force behind the move, saying, “You asked and we delivered. We’re launching futures trading directly in the Robinhood app, letting customers trade the S&P 500, oil, bitcoin and more.”
The introduction of bitcoin and etherfutures, slated to roll out in the coming months, builds on earlier reports from July. At the time, Bloomberg noted that Robinhood was eyeing CME-based bitcoin and ether futures for its U.S. customers and exploring the use of Bitstamp’s licenses to offer perpetual futures for cryptocurrencies like Bitcoin in Europe. While these plans were not immediately confirmed by the company, Robinhood has now solidified its commitment to rolling out futures products, starting with bitcoin and ether.
Robinhood’s expansion into cryptocurrency derivatives follows the company’s ongoing efforts to grow its crypto operations, despite regulatory hurdles. Its crypto division, Robinhood Crypto, already offers access to Bitcoin and Ethereum exchange-traded funds (ETFs) in the U.S., as well as direct purchases of these cryptocurrencies. However, the platform faces challenges, including a Wells notice from the Securities and Exchange Commission (SEC) issued in May.
#BTC☀ #bitcoin☀️ #Bitcoin❗ $BTC

Ireland's Commitment to Crypto Regulation Ahead of EU AML Laws
🚀In a recent meeting of the cabinet, Finance Minister Jack Chambers announced that necessary amendments will be brought to the parliament to strengthen the country’s crypto regulation before the EU laws are implemented, the Irish Examiner reports.
🍀The future EU AML laws, which is the “Anti-Money Laundering and Countering the Financing of Terrorism Act,” is expected to enhance the competence of FIUs. These Units will have the power to stop transactions and set a cash payment limit of €10,000 ($10,850). 
💸The regulations also compel platforms selling cryptocurrencies to provide more detailed information on traders and also demand increased supervision of transactions above certain thresholds. Such financial risks as risks to crypto assets and crowdfunding will also be covered in the framework.
⛓️‍💥While the particulars of Ireland’s upcoming legislation have not been revealed, they provide an approximate implementation of the EU’s AML and MiCA directives. MiCA, the Markets in Crypto-assets Regulation, which entered into force in June 2023 – is meant to address the developing cryptocurrency marketthroughout Europe to establish correct investor defense and stop unlawful monetary misconduct.

#MemeCoinTrending #CryptoNewss #CryptoDecision #Crypto_Jobs🎯

✅✅As the Grace Period deadlines approach, more KYC Validators are needed to handle the recent influx of KYC requests, help reduce wait times for Pioneers awaiting verification and increase the throughput of the KYC process for the network to reach its Open Network goals.
🍀🍀 The abundant availability, accuracy and responsible work by Validators are critical. Join forces to become a KYC Validator and receive Pi for your good and accurate work!

#PiNetworkMainnet #PiNetworkkyc #pinetworkupdates #pinetworknews #PiNetwok

Lower investor interest in ETH ETF offerings
🍀🍀Another factor that has added fuel to the burning concerns of investors is the lackluster performance of Ether ETFs. Evidencing this is data from Farside investors that indicates that net outflows hit 6% million in the month of October, while its counterpart Bitcoin ETFs saw net inflows of $810 million in the same period. 
🚀🚀Another significant factor affecting Ether’s performance is the decline in its supply burn rate. Ethereum’s network upgrades, particularly the implementation of EIP-4844, have led to increased adoption of lower-fee layer-2 scaling solutions. While this has improved network efficiency, it has also reduced the rate at which Ether is burned, contributing to the underperformance of the asset.
⛓️‍💥⛓️‍💥Meanwhile, at the time of writing, ETH is swapping hands with $2,634.27 marking a 1.10% surge in the last 24 hours. 
$ETH
#ETHETFsApproved #ETH🔥🔥🔥🔥 #etherreum #EtheruemETF

Elon Musk has sparked curiosity regarding his plans with a $760M Bitcoin stash previously held in Tesla’s crypto wallet. There’s currently a lot of speculation within crypto social media circles regarding what caused the decision and Musk’s next move.
Data from Arkham Intelligence showed that on Tuesday, October 15, 2024, wallets linked to Elon Musk’s Tesla transferred at least 11,500 Bitcoin in 26 transactions to unknown wallets. As a result of the latest Tesla Bitcoin transfer, on-chain data shows that the wallets now hold BTC worth only $6.74. The transfer is the first one the electric car manufacturer has done in its Bitcoin wallets since the last one in 2022.

Apprehension in the Crypto Community
The fact that the transactions involving the firm’s $760M Bitcoin stash were transferred to anonymous wallets has raised questions regarding the firm’s intentions. On-chain data shows that after the initial transfers, the firm spread its holdings into several unidentified BTC wallets, including $39.82 million, $31.92 million, and a large one of $102.36 million. There are divided opinions within crypto circles as to whether Tesla was working to protect its interests or whether there were plans to sell the firm’s assets.
There’s already some degree of apprehension within the cryptocurrency market that any plans by Tesla to dump the $760M Bitcoin stash into the market could add selling pressure and destabilize the digital asset’s price. With the cost of Bitcoin rallying around $76,000 at the time of writing, some experts suspect Tesla could execute a sale over the counter and potentially eliminate the possibility of a market disruption. Elon Musk has maintained studious silence since the Tesla Bitcoin transfer, which has led to even more speculation.
 
Sharp Market Reaction
According to data from Bitcoin Treasury, Tesla is among the largest corporate holders of Bitcoin, holding the fourth position among the US’s publicly traded companies. The leading contenders with bigger Bitcoin reserves include MicroStrategy, MARA Holdings, and Riot Platforms, with 252,000, 26,842, and 10,427 Bitcoins, respectively.
MicroStrategy is on record buying BTC worth $1.5 billion in February 2021, but there wasn’t much market movement surrounding the company’s stock during that time. The Bitcoin market reacted sharply after Arkham Intelligence announced the huge Tesla Bitcoin transfer, hitting $67,800 before falling below $65,000. However, the digital asset has since adjusted and was trading slightly above $67,000 at the time of going to press.
Tesla made headlines between January and February 2021 when it bought $1.5 billion worth of BTC. With Bitcoin retailing at between $29,000 and $40,000 during that period, Tesla most likely spent an average of $35,000 per Bitcoin. However, the company went on to sell a significant portion of the Bitcoin stash soon after that. The first sale involved at least 10% of its entire Bitcoin holdings. Later, in 2022, the company sold off another 75% of the remaining amount of BTC, most likely making a loss.  Arkham Intelligence started tracking the company’s Bitcoin wallets in March 2022, during which time the firm had at least 11,509 BTC worth $770M.
Complicated Relationship with Crypto
Elon Musk has had an eventful and complicated relationship with cryptocurrencies since Tesla first bought Bitcoin in 2021. At the time, Musk spiked excitement within crypto circles when he announced that the firm would accept Bitcoin payments for his electric vehicle. However, potential buyers were disappointed when he reversed the decision, naming “serious environmental concerns” surrounding the high amounts of energy required for Bitcoin mining.
Despite the ambiguity surrounding his pronouncements on Bitcoin, some of Musk’s companies, like Tesla and SpaceX, have Bitcoin stashes on their balance sheets. The man who is known to have a soft spot for Dogecoin (DOGE) Musk mentioned during an interview a few months ago that he saw some merit in Bitcoin and several other cryptocurrencies. As a result, no one can correctly predict what Elon Musk could be planning with his $760M Bitcoin stash.
Conclusion
As Bitcoin rallies towards its all-time high of $73,000, pundits will be keenly watching what Tesla will do with its BTC holdings, with some predicting a new peak as we near the US presidential elections. Musk has publicly endorsed the crypto the Republican presidential nominee Donald Trump, whose popularity has risen within the crypto community, mainly because of his stance towards crypto.
$BTC #bitcoin☀️ #BNSOL #ElonMuskUpdates #Musk

What Challenges Does the SEC Face?
The SEC’s objective is to overturn a favorable court ruling for Ripple, a move that may jeopardize its position in the cryptocurrency market. The agency must navigate three significant hurdles, including:
The ruling that XRP transactions on exchanges do not qualify as securities.A massive reduction of the penalty for institutional sales from one billion to 125 million dollars.A requirement to withdraw charges against Ripple’s executives.
How Long Will the Legal Process Last?
Stuart Alderoty, Ripple’s Legal Director, indicated in a recent interview that the appeal process could extend into July 2025, with the possibility of it dragging into early 2026. This prolonged timeline places additional pressure on XRP Coin, reminiscent of its struggles in 2021.
Key points regarding the Ripple case include:
The SEC must submit its appeal details imminently.Ripple will provide a cross-appeal in two weeks.The briefing process could take the full 90 days allowed by the SEC.Overall proceedings could last until mid-2025.
The anticipated legal delays suggest that the market might experience continued volatility, potentially impacting XRP Coin prices significantly as the case unfolds.

$XRP #XRPGoal #XRP_ETF #xrpsucess #USRateCutExpected