Ethena Labs is working with BlackRock to launch a new stablecoin, UStb (USTB). This exciting project will leverage BlackRock’s Tokenized USD Institutional Digital Liquidity Fund (BUIDL), which maintains a stable value of $1 per token. UStb will sit alongside Ethena’s existing synthetic USD stablecoin USDe (USDE), providing users with a new and reliable option!

Why choose UStb?
UStb will bring a unique twist to Ethena's stablecoin lineup, offering a unique product with a different risk profile than USDe. While USDe has withstood tough market conditions since its launch, the introduction of UStb will further stabilize the ecosystem, especially during periods of weak funding rates. The team said the presence of UStb will indirectly benefit Ethena USDe, because if market conditions are really bad and funding rates turn negative, it may consider using governance mechanisms to close USDe hedging positions and gradually switch to adding UStb: The team also said that they are working with Bybit and Bitget to allow the use of UStb as margin collateral: After the announcement, Ethena's token ENA rose 16%, reflecting strong market interest.

The layer 1 (L1) market has regained momentum as the price of altcoin leader Ethereum has maintained above $2,600. Notably, some altcoins have recorded double-digit gains in the past seven days. This shows that altcoin dominance in the crypto space is on the rise.
Subsequently, investors began to speculate that altcoin season might be coming. In addition, questions such as “Is now a good time to invest in cryptocurrencies?” and “Has the altcoin rally started?” also swept the Internet.
SUI (Sui) Price Analysis
Although SUI stock has fallen 3.14% over the past day on a trading volume of $605.93 million, the stock price has risen 26.04% over the past week. In addition, the stock has risen 86.71% over the past month, with a year-to-date return of about 120%.

Pepe Coin’s price has recently attracted investors’ attention due to its strong correlation with Ethereum (ETH), as the ether destruction rate surged by 163%.
As the meme coin rally has gained momentum over the past few weeks, the price of Pepe coin has once again attracted attention from investors. In response to Ethereum, PEPE broke out of a bullish continuation pattern and retested to confirm. The PEPE-ETH correlation could lead to an increase in Ether destruction, stimulating a surge in the price of Pepe coin.
Pepe coin prices rise, ether destruction surges
The daily destruction rate of Ether (ETH) has surged significantly over the past week, according to data from LookonChain.

The Hamster Kombat video game has created a huge stir in the market as it allows you to mine Hamster coins managed by a virtual cryptocurrency exchange. This has set the crypto space on fire as millions of gamers keep clicking on their screens in the hope of getting some coins. With the HMSTR token set to go live on The Open Network (TON) at 12:00 UTC, gamers can now finally pay for their Telegram clicks.

The pre-sale price is about $0.1. Here is the price prediction for Hamster Kombat once it goes on sale.
Historically, the market has seen many airdrops that quickly became popular within a short period of time. Most of the tokens experienced a sharp drop after their launch as the price of a token usually surges at the time of launch. A similar pattern was seen with the most popular airdrop, UNI, followed by ARB, BLUR, etc. Therefore, the HMSTR token is also expected to meet a similar fate and experience huge volatility.

BlackRock has purchased more Bitcoin and Ethereum and now holds 359,606 BTC and 350,000 ETH, valued at over $45 billion, indicating strong institutional confidence.
BlackRock has increased its investment in cryptocurrencies, purchasing an additional 529 BTC and 2,420 ETH. With these new acquisitions, BlackRock now owns 359,606 BTC, valued at $22.82 billion, and 350,000 ETH, valued at $23 billion.
BlackRock’s continued purchases indicate that institutional investors remain bullish on the long-term investment potential of digital assets, especially BTC.

Neiro (NEIRO) is a dog-themed meme coin that has outperformed most major crypto assets. The coin is up 3.4% on the daily chart, 60% on the weekly chart, 2857.8% on the 14-day chart, and 3621.2% in the last month. The asset has also outperformed other important meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE).

Why did Nairo rebound?
NEIRO’s current surge could be due to investors flocking to buy the new memecoin to cash in on profits as the overall market appears to be cooling down.
According to cryptocurrency analytics firm LookOnChain, one investor spent $1.53 million to buy 17.71 million Neiro on Ethereum ($NEIRO). This move may have triggered other investors to buy other Neiro-related projects. Mainstream meme coins such as SHIB and DOGE did not see the same growth.

Discover 3 Solana-based tokens that have high potential to turn a $100 investment into $10,000 in October, backed by strong technical patterns and market growth.
The cryptocurrency market generally presents a bullish outlook in the fourth quarter, providing promising investment opportunities for potential buyers. Heading into October, here are three Solana-based tokens that could deliver massive returns, potentially turning a $100 investment into $10,000.
Top 3 Solana Tokens to Increase Your $100 Investment in October

Learn why the cryptocurrency market is gearing up for a potential bull run this fall. Explore key factors, all of which could signal the end of crypto summer and the beginning of a new rally.
As the calendar turns from summer to fall, the cryptocurrency market follows suit, marking the end of a season of volatility and uncertainty. Crypto Summer runs from June 20, 2024 to September 22, 2024, and is characterized by market crashes and short-lived rallies that leave investors looking forward to the future. Historically, the transition from summer to fall has often been a precursor to a bull phase in the cryptocurrency market. Many believe that a strong bull run is in place that could last into 2025 and 2026. Here are five key reasons why crypto summer is over and a new bull run is on the horizon.

The Ethereum Foundation sold 200 ETH in two different transactions on Monday, which once again raised concerns among investors. According to Arkham Intelligence, the sale took place on September 23, and the Ethereum Foundation sold 200 ETH for 527,989 DAI.
ETH sales remain stable in September
The sale is the latest in a series of transactions over the past month. The Ethereum Foundation sold 1,150 ETH in September, equivalent to $2.8 million. The frequency of these sales has caused concern among market observers, especially as Ethereum faces bear market pressure. The wallet address "0xd77" associated with the foundation has been selling ETH over the past few weeks. The most recent transaction was made a few days ago.

The Celestia Foundation has raised $100 million in a round led by Bain Capital Crypto. Syncracy Capital, 1kx, Robot Ventures, Placeholder, and other investors also participated in the round, bringing Celestia’s total raised to $155 million. The funds will be used to enhance its modular consensus and data network, which aims to transform blockchain scalability.
Celestia’s Modular Blockchain
In October 2023, Celestia launched its mainnet beta. It debuted the first industry-specific modular consensus and data network. Unlike other blockchains, Celestia is not bound by execution layer constraints. Developers can create applications on any virtual machine, including those located on Ethereum or their own systems. Since its launch, more than 20 Rollup chains have been built, and currently more than half of the total data published by Rollups comes from Celestia data blocks.

If BlackRock solves the $35 trillion U.S. debt problem, Bitcoin price will break out of this bullish pattern and reach six figures.

Bitcoin has been widely discussed after BlackRock, the world's largest asset manager, filed for a spot ETF. BTC options for institutional clients have since been approved. BlackRock added that as the U.S. debt approaches $35 trillion, it could attract institutional investors to invest in BTC. Top cryptocurrency analyst Mihir predicts that if Bitcoin (BTC) manages to break out of a multi-year consolidation pattern, its price could reach $120,000.

See how $100 invested in Bitcoin, the S&P 500 or Gold in 2010 would perform today, comparing the massive returns of BTC prices, the steady growth of the S&P 500 and the stability of gold.

Investing often means balancing risk and reward, and the performance of Bitcoin, the S&P 500, and gold over the past decade illustrates this best. If you had invested $100 in each in 2010, today's returns would vividly demonstrate their respective strengths and weaknesses. Bitcoin's explosive price growth has made early investors millionaires, while the S&P 500 has provided a steady and reliable income and gold has provided a safe haven in uncertain times. The price action of gold and the S&P 500 plays an important role in explaining why Bitcoin is the investment of the century.

Bittensor (TAO), a fast-growing blockchain company focused on developing decentralized artificial intelligence (AI), has seen significant growth as the bullish outlook for cryptocurrencies continues to grow amid gold's rally and the Federal Reserve's recent interest rate cuts. Over the past two weeks, $TAO has gained over 131% in price and was trading around $575 in early European trading on Monday.​

As a result, this mid-cap altcoin has a fully diluted valuation of around $12.1 billion and an average daily trading volume of around $366 million, suggesting that a new bull run is about to begin. TAO’s daily relative strength index (RSI) has crossed the 70% level for the first time since January 2024, indicating that bulls are in control.

The dog-themed cryptocurrency Shiba Inu has seen a surge in its destruction rate. In the past 24 hours, the destruction rate has increased by 772.63%, a figure that has attracted attention in the cryptocurrency space.
Shiba Inu burn rate surges 772%, destroying over 15 million tokens
According to Shibburn.com, the burn rate has risen by 772.63%. According to the latest hourly update provided by Shibburn, 15,089,691 SHIB tokens have been destroyed in the past 24 hours, a surge of 772.63%.
According to the data, 410,728,825,806,575 tokens have been destroyed from the initial supply, reducing the total available supply. The maximum total supply of Shiba Inu is 999,982,344,271,264 tokens. After the destruction, the remaining total supply is 589,271,174,193,424 tokens.

The world of cryptocurrency never stops, especially now that artificial intelligence has taken center stage. As the market trends upward, several AI-focused digital currencies are showing great potential. Here are two promising cryptocurrencies that are poised to make significant strides in the current bullish environment.

Injective (INJ) prepares for potential bull run as ecosystem continues to grow
Injective (INJ) is a blockchain tailor-made for financial applications. It provides tools such as decentralized order books and supports smooth trading of various financial markets on the blockchain. Its cross-chain bridge is compatible with Ethereum, Solana, and others, making it highly flexible. Smart contracts on Injective are designed to enable seamless multi-chain interactions. The INJ token plays a variety of roles, including governance and securing the network through staking. With the support of large investors and the help of an expanding ecosystem, Injective is expected to grow further. With the growing interest in decentralized finance, INJ could become a key player in the upcoming altcoin season.

Text: Bitcoin's weekly K-line closed with a strong momentum. If Bitcoin can firmly stand firm at 66324 points, the trend will completely reverse. Bitcoin is currently in a large-cycle adjustment flag channel. It can be clearly seen that this is a typical relay adjustment structure on the way up, with a total adjustment time of about 190 days. If it can continue to break upward, it can be regarded as standing firm and reversing. Whether the large cycle can break through, we can refer to the small cycle. It can be seen from the daily K-line that it is currently near the high pressure ahead. Yesterday, I talked about the 4H hourly level pressure at 64210. When writing this article, Bitcoin has strongly broken through to above 64400. The three consecutive positive weekly K-lines are about to touch the largest pressure position ahead of 66324 points. When the market reaches this stage, we should adjust our thinking to go long at low levels.

Bitcoin price broke the $62,500 resistance level. BTC even broke the $63,200 level and it is currently consolidating gains above $63,500.
Bitcoin is in the process of breaking above the $63,200 resistance area.
The price is currently above $63,400 and the 100 hourly simple moving average.
There was a break above a connecting bearish trend line with resistance at $63,220 on the hourly chart of the BTC/USD pair (data source from Kraken).

If the pair stays above the $62,500 support area, it is likely to extend the gains.
Bitcoin price extends gains, surpasses $63,500

Shiba Inu price is expected to rise by 38% as a double bottom reversal pattern forms. SHIB shows increasing accumulation while supply on exchanges decreases

SHIB, the second-largest meme cryptocurrency by market cap, has gained 14% in the past five days, rising from $0.000013 to $0.00001478. The bullish rally was likely driven by the broader market recovery following the Federal Reserve’s 0.5% rate cut. Supported by this double bottom reversal pattern, the Shiba Inu price is showing signs of a potential long-term recovery.

Shiba Inu price target surges 38% as bullish reversal takes shape
The cryptocurrency market saw a bullish turn in September as Bitcoin price reversed from $52,500 to $63,456 (up 20%). The revival of recovery sentiment has allowed Shiba Inu price to shift from the current correction to a sideways trend above $0.0000123.

Market trends suggest that altcoins may be preparing for a rally that could be 200% or more above Bitcoin. Historical patterns, including the 2020 altcoin surge, suggest that late 2024 could be an ideal time for altcoin investing. With bullish indicators pointing to a possible double bottom and bullish divergences, the market could be setting the stage for another significant cycle.
Altcoin 1: Ethereum (ETH)
Ethereum is said to be performing strongly, even stronger than Bitcoin recently. The price has risen to around $2,500. He believes that ETH could rise further, possibly to $5,800 or even $7,000, especially if interest rates fall and people turn to ETH staking.