OpenEden, an emerging name in the field of tokenizing real-world assets (RWA), has attracted the attention of industry giants like Ripple and Binance. This platform aims to provide a cost-effective and convenient solution for investors looking to access the tokenized treasury market while opening up access to traditional financial assets through blockchain technology.

Bitcoin's price momentum has weakened since the spike on October 29, reaching record highs. However, the derivatives market continues to reflect traders' optimism about price recovery prospects.
Analysis of the Bitcoin futures and options market shows that traders are maintaining positions without excessive leverage, which is crucial for a sustainable rally to new highs. However, understanding the reasons for Bitcoin's drop below $69,000 on November 1 remains essential.

Bitcoin's price momentum has weakened since the spike on October 29, reaching an all-time high. However, the derivatives market continues to reflect traders' optimism about price recovery prospects.
Analysis of the future market and Bitcoin options shows that traders are maintaining positions without over-leveraging, which is crucial for a sustainable rise to new highs. However, understanding the reasons behind Bitcoin's drop below $69,000 on November 1 remains essential.

According to information from cybersecurity company PeckShieldAlert, the cryptocurrency sector faced about 20 attacks in October 2024, resulting in estimated total damages of up to $88.47 million. Five major breaches among these caused the majority of the losses, with Radiant Capital being the platform suffering the largest losses.
Prominent cryptocurrency attacks in October

Matthew Sigel, the head researcher on digital assets at VanEck, recently criticized the U.S. Treasury's stance on digital assets in a recent report, arguing that this position reflects a resistance to stablecoins based on outdated academic views.
Sigel stated that the Treasury relies on a single study by Gary Gorton and Jeffery Zhang to justify prioritizing centralized financial systems. He also noted that the U.S.-focused historical analysis of this study reinforces a 'recycled narrative' that private currency is inherently unstable, which can be misleading.

Metaplanet's Bitcoin investment strategy, following in the footsteps of MicroStrategy, has yielded exceptional returns and positioned the company as one of the largest Bitcoin holders in Asia.
Metaplanet's aggressive adoption of Bitcoin has caused the company's stock price to soar by about 1,017% as of now in 2024, making it the best-performing stock in Japan, according to CEO Simon Gerovich.

The crypto lending protocol Aave based on Ethereum is witnessing a rapid increase in the flow of Coinbase Wrapped Bitcoin (cbBTC) into its platform, thanks to a new incentive program related to this asset.
While this indicates increasing liquidity and widespread acceptance of the wrapped Bitcoin product on Aave, the market analysis platform IntoTheBlock warns that this could pose risks for users. According to a tweet from IntoTheBlock, users may temporarily be unable to repay their loans on Aave if the situation develops unfavorably.

Gold is rising and Bitcoin is too. Both are expected to continue rising in the coming weeks due to geopolitical instability, concerns about the strength of the dollar, and the upcoming elections in the U.S., according to analysts at JP Morgan.
In a report on Thursday, analysts at the bank stated that a “currency devaluation trade” is coming – which could boost demand for both gold and Bitcoin and help push prices higher. A victory for Donald Trump next week in the U.S. presidential election increases the likelihood of such a trade.

According to Dune Analytics, the number of addresses claiming the GRASS token airdrop surged to over 1.5 million, marking the largest airdrop on Solana to date - at least in terms of the number of addresses holding the token.

Source: Dune Analytics
When this token launched on Monday, it contributed to an outage issue for the Phantom wallet, the largest wallet on Solana. More than 2.8 million wallets were eligible to receive the GRASS token - a new governance token for the Solana-based DePin project - as they connected in time. However, about 5 million addresses will have another chance to claim the token, according to information from Andrej Radonjic, CEO of Wynd Labs, one of the core collaborators of Grass.

Separate investigations from Chaos Labs and Inca Digital reportedly found that about 30% of the activity related to the 2024 U.S. presidential election on Polymarket was the result of wash trading – a market manipulation method to inflate fake trading volume.
According to reports from Fortune magazine, both companies claimed that the actual trading volume on this prediction platform only reached $1.75 billion, compared to the $2.7 billion reported by Polymarket.

When Coinbase announced its Q3 earnings report on Wednesday, this leading U.S. crypto exchange stated that its board of directors had approved a $1 billion share buyback program.
"In October 2024, our board of directors approved a share buyback program of up to $1 billion of Class A common stock without any time restrictions," Coinbase announced. "The timing and amount of shares repurchased will depend on market conditions."

MicroStrategy's stock has dropped about 5.9% after the company's third-quarter earnings results fell short of market expectations. An analyst also warned that this stock could face further challenges after the presidential election in the United States.
According to an announcement from MicroStrategy on October 30, the company's software revenue reached 116.1 million USD, down 10.3% compared to Q3 2023 and about 5.22% lower than analysts' predictions.

Solana (SOL) has traded above $170 after a long period of struggle, reaching $183 with a 16.3% gain in a month. The rally comes in tandem with Bitcoin (BTC), with the king of cryptocurrencies less than $1,000 away from its all-time high. But do the data directly related to Solana show signs of support for a stronger rally?

Total altcoin capitalization (left) vs SOL/USD (right) | Source: Tradingview

With a third of Q4 gone, October surprised as many altcoins reached new all-time highs. However, Bitcoin – the leading cryptocurrency – has yet to hit that peak.
This may change in November, as BTC is now less than 3% away from its all-time high (ATH). The 4 altcoins below are likely to follow BTC's lead.
Cat in a Dog's World (MEW)
MEW is currently only about 16% away from its new all-time high after recording an impressive increase of 76% in October. This performance solidifies MEW's position as a popular meme coin, attracting significant interest from investors.

Cryptocurrency lobbying groups in Washington D.C., including the Blockchain Association and the Crypto Council for Innovation, have filed an 'amicus curiae' brief to support the ongoing lawsuit against the U.S. Securities and Exchange Commission (SEC). The goal of this lawsuit is to seek clarity on token airdrops.
In a 30-page document, the two non-profit organizations argue that the judge of the Waco District Court should require the SEC to respond to Beba's request, a fashion brand from the U.S. that issued tokens to reward customers, as well as the arguments of the DeFi Education Fund that airdrops do not violate securities laws.

Bitcoin is forecasted to face lively weeks ahead as uncertainty looms before the election, the 'Trump trade' trend, along with favorable Q4 conditions creating a 'perfect storm' for the market, according to the latest report from 'Bitfinex Alpha.'
The report indicates that during the preparations for the U.S. election, Bitcoin showed significant price volatility after adjusting 6% in the week before surpassing the $70,000 threshold today.

Bitcoin price has risen above $70K, its performance is creating a “very optimistic outlook” for this digital asset as investors prepare for the U.S. presidential election in November, according to Matthew Sigel, head of digital asset research at VanEck, shared with CNBC on October 28.
“We believe this is a very optimistic outlook for Bitcoin as we approach the election,” Sigel noted, adding:

In the past week, Bitcoin (BTC) has undergone a strong correction, accompanied by a significant drop in trading activity. Specifically, trading volume has decreased by up to 62%, reflecting weakening demand and the number of market participants.
This decline has sparked much discussion among analysts about the crucial role of individual investors in driving BTC's price surge. One prominent opinion comes from analyst Burak Kesmeci of CryptoQuant, who states that BTC needs to reach the milestone of 54 million individual investors to initiate a strong price increase.

Token unlock is the process of releasing tokens that have been locked according to previous fundraising terms. Projects often schedule releases carefully to avoid market pressure and prevent token prices from dropping sharply.
Below are 5 notable token unlock events in the coming week.
Celestia (TIA)
Unlock date: 30/10

Tokens unlocked: 175.59 million TIA worth 907 million USD
Current circulating supply: 220.16 million TIA