Bitcoin May Drop Below $60,000 Amid Geopolitical Risks, Says Analyst
AI Summary
According to Odaily, Standard Chartered Bank analyst Geoff Kendrick has indicated that Bitcoin might fall below $60,000 before the weekend due to concerns over geopolitical risks. However, Kendrick views this potential drop as an opportunity for accumulation. He also highlighted a significant increase in bullish Bitcoin options positions, noting a rise in open interest for options with an $80,000 strike price expiring on December 27.
Kendrick further pointed out that Bitcoin has not emerged as a safe haven against geopolitical tensions. He stated, 'Gold is a geopolitical hedge. Bitcoin is a tool to hedge against traditional financial issues such as bank failures or de-dollarization and sustainability issues of the U.S. Treasury.'#btcupdates2024 #btc70k

Trader Achieves 5220% Return on Solana-Based Pochita Token Investment
AI Summary
According to Foresight News, on-chain data from SolanaFloor reveals that a trader made a significant profit by investing in the Pochita token. The trader initially spent 20 SOL to purchase the token when its market value was only $200,000. Subsequently, the trader sold the tokens, earning 1064 SOL, which translates to a remarkable return rate of 5220%. #SolanaUSTD

Bitcoin Bull Market Cycle Accelerates, Says CMC Research
AI Summary
According to BlockBeats, on October 3, CoinMarketCap's (CMC) research division, CMC Research, released its third-quarter market report, indicating that Bitcoin's bull market cycle is accelerating. The report suggests that this bull market is advancing 100 days ahead of the typical four-year cycle. Various factors, including institutional adoption, Bitcoin exchange-traded funds (ETFs), and evolving market dynamics, are driving this potential supercycle.
CMC Research anticipates that the current bull market will peak between mid-May and mid-June 2025. Despite the early acceleration, there are signs that infrastructure growth is slowing, which may indicate broader changes in market dynamics.#btc70k #ETH🔥🔥🔥🔥

According to Odaily, the Hong Kong Monetary Authority (HKMA) and the Qatar Central Bank held a bilateral meeting on October 3 in Doha (Doha time) to enhance cooperation in the financial services sector. During the meeting, the two institutions discussed various collaborative initiatives aimed at strengthening financial infrastructure. They also shared experiences on capital market connectivity, sustainable finance, bond market development, digital assets, and talent cultivation.#HongKongCrypto #Qatar

Dormant Bitcoin Address Activated After 10.7 Years
According to BlockBeats, on October 3, Whale Alert reported the activation of a Bitcoin address that had been dormant for 10.7 years. The address contains 99 Bitcoins, which have appreciated significantly in value, now worth over $6 million.#Bitcoin❗

According to Odaily, Bitcoin mining service provider Gomining has announced the establishment of the GoBTC Foundation, a vertically integrated entity focused on Bitcoin Layer 1 (L1) and Layer 2 (L2) projects. The foundation aims to promote on-chain activities, increase transaction fees, and benefit Bitcoin miners.
The GoBTC Foundation collaborates with various partners, including mining companies, investors, foundations, and Bitcoin advocates, to strengthen the overall Bitcoin ecosystem. To support new projects, the foundation offers two main programs: an IDO Launchpad and an accelerator, which includes a 12-week mentorship program.#btc70k

According to Odaily, the Central Bank of Russia has recently clarified that the introduction of the Central Bank Digital Currency (CBDC), known as the digital ruble, will not alter the way the country manages its monetary policy. In a draft outlining the bank's policy direction for 2025-2027, it was stated that even after the digital ruble is launched, the central bank will continue to use the same tools to target inflation. The emergence of the digital form of the national currency will not affect the mechanism for implementing monetary policy. The Central Bank of Russia will continue to manage money market rates by providing liquidity to banks and absorbing liquidity from them.#russia #russiacrypto

According to Odaily, Arbitrum announced on X that the nominee selection phase of the Security Council election process has concluded. A total of 13 candidates have received enough votes to proceed to the next stage of the election. The Arbitrum Foundation will conduct compliance checks on these 13 qualified candidates by October 13 to ensure they adhere to legal requirements, service agreements, and additional rules outlined in the constitution.
Once the compliance checks are completed, the member election phase of the Security Council election process will commence on October 13.#Arbitrum: #ARB/USTD

BEFORE YOU SELL YOUR $HMSTR, READ THIS! #HamsterProfit #Hamster #hmstrskyrocket
$HMSTR is officially listed on Binance, but WAIT! Before you make your move, let’s hit you with some cold, hard facts. 💥 The next step you take could define your market position—don’t get caught holding the bag. Here’s why SELLING might be the smartest play right now:

#MyFirstFeedPost Hello, Binance Square!