Longstanding Bitcoin critic Peter Schiff reacts to MicroStrategy’s plan to purchase $42 billion worth of BTC, refers to the company’s chairman Michael Saylor as the egg man. 

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The Ripple CTO, David Schwartz, recently expressed his admiration for the growing trend of meme coins on the XRP Ledger (XRPL).
Yesterday, the team behind the XRPL meme coin Drop (DROP) reached out to Schwartz to offer him a gift of DROP tokens as a token of appreciation for his contributions to the XRP Ledger blockchain. They requested his wallet address so they could send him the DROP tokens.
Remarkably, Ripple’s CTO obliged, sharing his wallet information and stating that he “likes this trend.” According to a screenshot shared later by the Drop team, 15 DROP tokens were sent to Schwartz. In a subsequent post, the team welcomed him to the “DROP Army.”

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SBI VC Trade, a Japanese crypto exchange firm, announces two promotional events for tokens themed after the Shiba Inu dog, including SHIB. 
Per an announcement today, the crypto exchange will launch two promotional events centered around Shiba Inu-themed tokens, SHIB and DOGE, to commemorate Japan’s Dog Day on November 1. 

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Business intelligence firm MicroStrategy has announced plans to raise $42 billion through various financial instruments and expand its Bitcoin holdings extensively.
MicroStrategy released its quarterly attestation on Wednesday, followed by another Bitcoin bombshell. Per the report, the business intelligence firm intends to raise $42 billion to buy more Bitcoin.
Having already established itself as the public company with the largest Bitcoin stash, MicroStrategy’s longing to expand its portfolio of the premier asset remains unquenchable. It noted that it intends to raise $42 billion over three years to extend its holdings.
Notably, the American publicly listed firm stated that, as part of its “21/21” plan, it would realize the targeted capital with 50% from equity sales and 50% from fixed-income securities. This translates to $21 million from each of the financial instruments.

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Today, the price of Solana (SOL) has risen above the crucial $180, showing early signs of a bullish breakout per analyst.
Solana’s price is experiencing an upward surge, breaking past the $175 mark and moving further above $180. This move aligns with the broader bullish trends seen in Bitcoin and Ethereum. 

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A leading U.S. exchange Uphold has repeatedly parked discussions about XRP potentially reaching $1,000, igniting excitement among investors.
XRP holders are among the most ambitious crypto investors, with many anticipating beyond triple-digit values for the asset someday. Notably, XRP is worth just $0.5100 today and has been trading below $1 for over 42 months.
It last reached an all-time high six and a half years ago. Yet, ambitious XRP holders are targeting not only the double-digit range beyond $10 or triple-digit values beyond $100 but also $1,000. Interestingly, one analyst has even called $1,000 “peanuts” compared to what he believes will be the true height for XRP.

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Last week, inflows into digital investment products reached a jaw-dropping $901 million, with Bitcoin (BTC) and Solana (SOL) ranking as the top gainers. 
A recent report from CoinShares suggests an increased hype in digital assets, as reflected in the inflows into crypto investment products. 
According to data, these products saw a staggering inflow of $901 million last week, pushing the year-to-date (YTD) inflows to a whopping $27 billion. The inflows recorded so far this year are nearly three times the figure recorded throughout 2021. Also, the month-to-date (MTD) investment is $3.32 billion, making October 2024 the fourth highest in terms of inflows. Notably, investment products tied to Bitcoin saw the most inflow over the past week, totaling $920 million. Following last week’s inflow, Bitcoin’s year-to-date flows stand at $25.46 billion, with a jaw-dropping $78.99 billion in assets under management (AUM) for its investment vehicles. Solana investment products saw the second-highest inflows last week at $10.8 million. This brought the asset’s MTD and YTD flows to $17.9 million and $69.2 million, respectively. At press time, the assets under management across Solana investment products stands at $1.47 billion. 

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Shiba Inu could still see the appearance of a golden cross on its chart despite the recent correction, fueled by the WSJ report about Tether.
The broader crypto market witnessed a correction over the weekend following reports that the U.S. government is investigating Tether, the issuer of USD-pegged stablecoin USDT, for possible violation of anti-money laundering rules.
Despite Tether CEO Paolo Andoino issuing a rebuttal almost immediately, it did not prevent assets like Shiba Inu from witnessing massive declines. Specifically, Shiba Inu plunged from $0.00001740 to $0.00001646 in the evening hours. The asset has since moved above the $0.0000165 price mark. 
Shiba Inu Golden Cross Projection Still Valid 
Consequently, several enthusiasts speculated that SHIB’s recent turbulence might have nullified the projection of a golden cross on the Shiba Inu chart.
This pattern occurs when a short-term moving average (MA) records a cross above a long-term one. Its appearance on an asset’s chart is usually considered a bullish signal, indicating a potential price spike. Despite Shiba Inu’s recent turbulence, the projection relating to the formation of a golden cross on its chart remains valid. At the current price of $0.00001684, Shiba Inu is still within the 50-day MA, one of the components of the golden cross. 

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The cryptocurrency market has increased by 1.40% in the past 24 hours, now totaling $2.32 trillion. Within this environment, meme coins are experiencing mixed results. While Dogecoin, the largest meme coin, has seen a 3.95% increase in the last day, many other top meme coins are in decline. Nevertheless, the meme coin segment has a market cap of $55.50 billion and a 24-hour trading volume of $5.38 billion. Currently, Dogecoin maintains a market cap of $21.03 billion and is the eighth biggest cryptocurrency. 

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The long-awaited ShibaSwap 2.0, the upgraded version of Shiba Inu’s decentralized exchange (DEX), has finally gone live. 
ShibaSwap’s official X account announced the development yesterday, emphasizing that the DEX has received a major upgrade. This update comes days after ShibaSwap’s X handler revealed that the ShibaSwap 2.0 launch will happen sooner than expected. Interestingly, it has finally launched on the mainnet. 
Per the latest announcement, the upgrade gives users control, smarter tools, and better rewards to enhance their overall trading experience on ShibaSwap. 

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Cardano Founder Charles Hoskinson
Cardano Founder Charles Hoskinson
Cardano founder Charles Hoskinson believes the DeFi coming to the Bitcoin ecosystem through the latest partnership between EMURGO and BitcoinOS will “dwarf” those seen in Ethereum and Solana.
A few days after Cardano and BitcoinOS collaborated to bring smart contract features to the Bitcoin network, Hoskinson is already making bold statements. In a tweet on October 25, the Cardano founder claimed that the decentralized finance ecosystem set to spill into the Bitcoin network will dwarf that of Ethereum and Solana.

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A dormant Bitcoin address containing 50 BTC recently came back to life after being inactive for more than 14 years. 
Popular whale tracking service Whale Alert called attention to the development today in an X post. According to Whale Alert, this Bitcoin address has been dormant since 2010, when the entire 50 BTC portfolio was valued at just $2. 
The wallet emerged from dormancy in the early hours of today after initiating two transactions. At the time of the transactions, the value of the 50 BTC had skyrocketed to a whopping $3,387,175 ($3.38 million), representing an ROI of 169,358,650%. This suggests that the Bitcoin whale acquired 50 BTC in July 2010, when BTC was worth $0.04 per coin. Fast-forward to the time of the latest transaction, the premier asset’s value had surged to $67,743.

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