๐ Crypto VC funding took a 20% dip to $2.4B in Q3, thanks to a "barbell market" where Bitcoin and risky memecoins hogged the spotlight, leaving mid-tier projects in the dust, says Galaxy Digital.
๐ The number of deals also dropped 17%, totaling 478. Despite the dip, Q3 funding was up 21.5% from last year.
๐ High demand for Bitcoin ETFs has investors snubbing early-stage crypto ventures. Meanwhile, AI-integrated crypto firms are raking in the cash, with Sentient, CeTi, and Sahara AI leading the pack.
๐ U.S. firms grabbed 56% of the funding, with Singapore and the UK trailing behind. Galaxy predicts a funding boost in Q4 and Q1 2025.
๐ Crypto VC Funding Takes a Dip, But There's a Silver Lining! ๐
Crypto venture capital funding dropped 20% to $2.4B in Q3, thanks to a "barbell market" where Bitcoin and high-risk memecoins stole the show, leaving mid-tier projects in the dust, says Galaxy Digital.
- Funding fell, deals decreased by 17% to 478.
- Despite the dip, it's a 21.5% increase from Q3 2023.
- Bitcoin ETFs and memecoins are hogging the spotlight.
- Early-stage deals grabbed 85% of the capital.
AI-integrated crypto firms like Sentient, CeTi, and Sahara AI raised big bucks. U.S. firms led the charge, followed by Singapore and the UK.
Will Q4 see a rebound? Drop your thoughts below! ๐ฌ
**Crypto Venture Capital Funding Dips 20% in Q3**
Crypto venture capital funding dropped 20% to $2.4 billion in Q3, according to Galaxy Digital. The decline is attributed to a "barbell market," where Bitcoin and high-risk memecoins took center stage, leaving mid-tier projects overlooked. The number of deals also fell by 17%, totaling 478.
Despite the dip, Q3 funding was up 21.5% from the same period in 2023. High demand for Bitcoin ETFs from large investors may have shifted focus away from early-stage crypto ventures. Early-stage deals dominated, capturing 85% of investment, with crypto exchanges and AI-integrated firms leading the pack.
U.S.-based firms secured 56% of the funding, followed by Singapore and the UK. Galaxy Digital suggests funding could pick up in Q4 and early 2025 with potential regulatory easing and lower interest rates.
### Sui Crypto Market Analysis: A Cautious Outlook
Sui Crypto has shown significant short-term gains, with a 4.94% increase against the US Dollar in the last 24 hours. The coin also outperformed BTC and ETH, rising by 4.28% and 4.25% respectively. Despite these gains, Sui Crypto is trading 18.91% below its predicted value for October 21, 2024.
In the past month, Sui Crypto surged by 105.67%, and it has increased by 463.96% over the past year. However, the current market sentiment is bullish, with the Fear & Greed index indicating "Greed" at 73. This raises concerns about potential market overvaluation.
Technical indicators present a mixed picture. While 23 indicators signal a bullish trend, the coin is trading below its 50-day and 200-day Simple Moving Averages, suggesting underlying bearish pressures. The Relative Strength Index (RSI) at 60.56 remains neutral, adding to the uncertainty.
Given these conflicting signals and the inherent volatility of cryptocurrency markets, caution is advised. The optimistic short-term prediction of a 30.35% increase to $2.64 within five days should be approached with skepticism. Investors should remain vigilant and consider the broader market dynamics before making any decisions.
๐ $BNB Price Target Hit โ Prediction Confirmed! ๐
As I predicted, $BNB has smashed through the $600 resistance level, now trading at $604.8 (+1.34%) on Binance! ๐ฅ The breakout from the ascending triangle pattern was the clear signal for this bullish surge, and weโve now hit that critical zone!
The chart showed strength all the way, and BNB followed through beautifully, confirming our bullish outlook. ๐
๐ก Next Steps:
Watch for a push toward the $620 resistance level. If we break through, the sky's the limit!
Key Support: Look to the $580-$590 range for possible retests, providing solid buy-in opportunities.
BNB bulls are in control, and this could just be the beginning of an even bigger move! ๐ Stay tuned for more updates and trading opportunities.
#BNBBreakout #CryptoPredictions #BNBTargetHit #BNBRisesTo600 #Write2Earn!
{spot}(BNBUSDT)
๐ฅ๐ฅ ๐จ๐ป๐น๐ผ๐ฐ๐ธ๐ถ๐ป๐ด ๐๐ฟ๐๐ฝ๐๐ผ๐ฐ๐๐ฟ๐ฟ๐ฒ๐ป๐ฐ๐ ๐ช๐ฒ๐ฎ๐น๐๐ต: ๐๐ฒ๐ด๐ฎ๐น ๐ฎ๐ป๐ฑ ๐ฆ๐ฎ๐ณ๐ฒ ๐ช๐ฎ๐๐ ๐๐ผ ๐๐ฎ๐๐ต ๐ข๐๐ ๐ผ๐ป ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ! ๐ฅ๐ฅ
1๏ธโฃ The Challenge of Large Deposits: Bringing your crypto gains into your bank account can raise some eyebrows. Large, unexplained deposits can trigger questions from banks or even regulators! โ ๏ธ If the funds arenโt properly accounted for, you might run into legal trouble.
2๏ธโฃ Introducing BiyaPay: A licensed U.S. wallet perfect for converting USDT into U.S. dollars ๐ต. You can transfer your funds easily to banks like Wise or OCBC, ensuring everything is above board.
Wise: Ideal for transfers to banks like Taobao or Zhongg, but donโt forget the yearly transfer limits.
OCBC 360 Account: One of the best ways to withdraw cash in China, avoiding that pesky $50,000 foreign transaction cap. ๐ฆ
3๏ธโฃ Kraken Exchange โ Reliable & Secure: Another trusted platform, Kraken, helps you cash out your USDT legally! You can then transfer your funds to iFAST, a British bank, to keep your profits clean and traceable. ๐ Some fees and exchange losses might apply, but the process is safe and compliant.
4๏ธโฃ Get Legal Expertise: Consulting with a legal expert on international finance is a must! ๐ง Make sure youโre on the right side of the law and avoid unnecessary headaches.
5๏ธโฃ Key Takeaway: With the right strategies, platforms like BiyaPay, Kraken, and Wise, and a little legal advice, you can safely and legally transfer your hard-earned crypto wealth into traditional banking systems.
#BinanceWealthTransfer #Bit_guru #LegalCryptoCashOut #CryptoSafety #CPI_BTC_Watch
Stay informed and make your crypto profits work for you the right way! ๐ผ
**Crypto Craze in Asia: Private Wealth Dives into Digital Assets**
- A new report from Aspen Digital reveals that 76% of private wealth in Asia has already dipped its toes into digital assets, with another 18% planning to join the crypto party soon. ๐
- Interest has surged since 2022, when only 58% had ventured into the digital asset world. Now, even family offices managing $10M to $500M are getting in on the action.
- While 70% of current investors have allocated less than 5% of their portfolios to crypto, some are going all-in with over 10% by 2024.
- Two-thirds are eyeing decentralized finance (DeFi), and 61% are intrigued by AI and decentralized physical infrastructure networks (DePIN).
- Optimism is high for Bitcoin (BTC), with 31% predicting it will hit $100,000 by the end of 2024.
- The approval of spot Bitcoin ETFs has further fueled this digital asset appetite, with 53% of respondents gaining exposure through funds or ETFs.
- This trend mirrors global developments, with crypto exposure among hedge funds rising from 29% in 2023 to 47% in 2024, thanks to regulatory clarity and new ETFs in the US and Asia.
๐ Asia's Wealthy Dive Deeper into Digital Assets! ๐
A fresh report from Aspen Digital reveals that 76% of Asia's private wealth has already dipped its toes into digital assets, with another 18% planning to join the crypto party soon. ๐
- In 2022, only 58% were in the game. Talk about a growth spurt!
- Surveyed 80 family offices & high-net-worth individuals managing $10M-$500M.
- 70% of current investors have less than 5% in crypto, but some are boosting to over 10% in 2024.
DeFi and AI are hot topics, with 2/3 interested in DeFi and 61% in AI and DePIN.
Bitcoin optimism is high, with 31% predicting BTC to hit $100K by year-end.
ETFs are also making waves, with 53% gaining exposure through funds or ETFs.
What are your thoughts on Asia's crypto craze? Drop a comment below! ๐ฌ
๐ข DogeCoin ($DOGE ) Prediction CONFIRMED: Bullish Breakout in Full Swing! ๐๐ธ
As expected, Doge is showing impressive strength, surging over 7% and sitting at $0.12489 USDT! ๐ The chart is on fire, and the bullish momentum is undeniable. We've broken out of the previous consolidation, making this the perfect time to ride the wave!
Recent High: $0.12999
24h Volume: 3.12B DOGE
With Doge consistently climbing, those who took early positions are already seeing the gains roll in! The breakout above $0.12 is just the start, and with the next resistance at $0.13, things are about to heat up even more.
๐ก Key Levels to Watch:
Support: $0.1158
Resistance: $0.1300
Prediction on Point: This bullish run was on our radar, and itโs unfolding beautifully. Keep an eye out for higher highs!
Letโs see where Doge goes next! ๐
#DogeToTheMoon #CryptoRally #BullishBreakout
{spot}(DOGEUSDT)
**Asian Private Wealth Embraces Digital Assets**
A new report from Aspen Digital reveals that 76% of private wealth in Asia has already dipped into digital assets, with another 18% planning future investments. This marks a significant rise from 2022, when only 58% had ventured into the space.
Key findings:
- Survey included 80 family offices and high-net-worth individuals managing $10M-$500M.
- 70% of current investors allocate less than 5% of their portfolios to digital assets.
- Interest in DeFi, AI, and DePIN is growing.
Optimism is high for Bitcoin, with 31% predicting it will hit $100,000 by the end of 2024. The approval of spot Bitcoin ETFs has further fueled this trend, aligning with global increases in crypto exposure.
$BTC is showing absolute power, overwhelming Altcoin!
If the market wants to increase, of course it will focus on $BTC running first and then circulate money to push altcoin later.
If it breaks 73k in the coming days, Altcoin will have a pause for $BTC to run first and then run strongly.
Of course, some stocks with money flow will run at the same time when BTC goes up.
If this scenario happens, it will not be much different from October 2023. You can refer to the 30k break to have a reasonable plan!
#Write2Win #thangfuturex1000
๐ZLLL :ย #090 -ย #179 -ย #4655
โBitcoin to break records before US electionsโ
Standard Chartered Global Head of Digital Assets Research Geoff Kendrick made striking statements for the leading crypto Bitcoin.
Bullish signals have begun to come for Bitcoin (BTC), which has gained approximately 10 percent since October 10. Approaching the $66,000 resistance with the purchasing power it received from the $60,000 support, BTC has opened the doors to a new upward cycle in the crypto market. Analysts have begun to express their views that the rise will continue.
Geoff Kendrick, one of the executives of banking giant Standard Chartered, stated that BTC has gained strong momentum and could reach $73,800 before the US presidential elections.
Geoff Kendrick claimed that the Bitcoin (BTC) price will continue to rise until the US elections. Kendrick cited the increasing probability of US presidential candidate Donald Trump winning as well as the money inflows in spot Bitcoin ETFs.
Kendrick, one of the executives of Standard Chartered, stated that BTC will reach an all-time high (ATH) before the elections and touch approximately $73,800.
The research expert stated that the BTC price will be shaped by the break in the US Treasury yield curve and positive interest in spot ETFs. Trump, who said that he would make Bitcoin a strategic reserve if he wins, also shaped bullish expectations.
The following statements were included in the note published on Tuesday;
โCombined factors for Bitcoin indicate that an increase towards the all-time high of $73,800 is likely.โ
Kendrick commented on the macroeconomic data triggered by the US CPI data that came above expectations. Observing that the data in question reflected positively on the crypto market, Kendrick drew attention to the increasing market volatility and potential interest rate cuts.
The manager of the banking giant evaluated positively that Trumpโs probability of winning exceeded 55 percent on the prediction platform Polymarket.
#CryptoDeNostradame #ParrotBambooCrypto
๐ฅ๐ต ๐๐น๐๐บ ๐๐ผ๐ถ๐ปโ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฒ๐ฏ๐๐ ๐ผ๐ป ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ: ๐๐ผ๐ปโ๐ ๐ ๐ถ๐๐ ๐ข๐๐ ๐ผ๐ป ๐ง๐ต๐ถ๐ ๐๐
๐ฝ๐น๐ผ๐๐ถ๐๐ฒ ๐ข๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐! ๐ต๐
๐
Launch Date:
Blum Coin officially drops late October 2024, and the buzz is unreal!
๐ฅ Market Buzz:
With cutting-edge blockchain integration, killer strategic partnerships, and a loyal, growing fanbase, Blum Coin is already turning heads across the crypto space. The hype is REAL.
๐ฐ Pre-Market Price:
Currently trading at $0.02 โ a steal for early birds! Early investors are already eyeing significant gains as itโs primed for a major breakout.
๐ Innovative Offering:
Blum Coin merges DeFi with hybrid exchange models, bringing together traditional and decentralized finance in a seamless, revolutionary way. Itโs a coin for every kind of trader, whether youโre into DeFi or more conventional approaches.
๐ Bullish Market Outlook:
Analysts are predicting an initial price movement between $0.005 - $0.008 โ but with momentum building fast, thereโs huge upside potential.
๐ Growth Potential:
Blum Coin is shaping up to be a powerhouse for both short-term traders and long-term HODLers. With its strategic partnerships and DeFi innovation, it could see rapid value surges in the weeks to come.
โก Trader Action Plan:
Prepare Your Portfolios: Early adopters could see serious gains as Blum Coin gears up for its launch.
Monitor Key Announcements: Keep your ear to the ground for updatesโtimely moves could make all the difference!
๐ฅ Opportunity Window:
Donโt sleep on Blum Coin. This October launch could ignite a major market shakeup. Be ready, stay informed, and prepare for what could be one of the hottest new listings on Binance.
๐ Stay Informed: Keep tabs on the latest news and developments to stay ahead of the curve!
#BlumCoinLaunch2024 #CryptoOpportunity #MemeCoinTakeover #BTCRally #USStockEarningsSeason
๐ Blum Coin Listing Date and Price Forecast: What Investors Need to Know ๐๐
Blum Coinโs upcoming listing in October 2024 has captured the attention of investors, eager to assess the tokenโs market potential. Following its launch in mid-2023, the development team has made swift progress by securing strategic partnerships and integrating the token into multiple blockchain ecosystems, laying the groundwork for widespread adoption.
๐
Listing Date and Airdrop
The official airdrop and market listing are scheduled for October 2024, following a series of key development milestones. These efforts are designed to ensure a seamless launch and generate significant market impact right from the start.
๐ฐ Market Expectations and Trading Potential
With pre-market trades around $0.02, analysts are optimistic about Blum Coinโs future price trajectory. The platformโs innovative approachโbridging decentralized and centralized financeโhas positioned it well to attract demand, potentially leading to substantial price appreciation post-listing.
๐ Price Predictions and Market Dynamics
Blum Coinโs initial trading is expected to generate high volume, which could quickly push the price upward. As the token becomes available on multiple exchanges and adoption increases, demand for Blum Coin is likely to rise.
Based on the positive market sentiment from the airdrop and current market conditions, experts predict the token could stabilize between $0.005 to $0.008 within the first few weeks of trading. This estimate assumes sustained demand and favorable market momentum, which could drive further appreciation.
๐ฎ Conclusion
Blum Coinโs listing marks an exciting milestone, with investors closely watching its early performance. The combination of strategic partnerships, growing demand, and exchange integrations makes this token one to watch, offering strong potential for growth in the DeFi and hybrid exchange space. Stay tuned as Blum Coin prepares to make its mark on the market this October.
#BTCUptober #BNSOL #USStockEarningsSeason
๐ฅ๐ฅ Bringing Cryptocurrency Wealth Home: Legal and Safe Methods ๐ฅ๐ฅ
1. Challenges of Large Deposits:
Large, unexplained deposits into local bank accounts can raise red flags with banks and regulators.
Potential for legal issues if funds are not properly accounted for or traceable.
2. Using BiyaPay:
Licensed U.S. wallet for converting USDT into U.S. dollars.
Can transfer funds to banks like Wise or OCBC.
Fees and currency exchange losses apply, but the process ensures the funds are clean and traceable.
Wise: Transfers to banks like Taobao, Xinxin, or Zhongg Bank, with yearly transfer limits.
OCBC 360 Account: Allows cash withdrawals in China without the $50,000 foreign transaction limit.
3. Using Kraken Exchange:
Fully licensed and reliable cryptocurrency exchange.
Cash out USDT and transfer funds to iFAST, a trusted British bank.
Legal and compliant method, though fees and currency exchange losses may occur.
4. Consult a Legal Expert:
Important to seek advice from a legal expert in international finance.
Ensures compliance with laws and avoids unnecessary complications.
5. Key Takeaway:
With proper planning, legal guidance, and the right platforms, you can safely and legally transfer your cryptocurrency profits into traditional banking systems.
#BTCSurges67K
#USStockEarningsSeason #MemeCoinTrending #TrumpDeFi
Today, the Core Retail Sales m/m, Retail Sales m/m, and Unemployment Claims reports will be released. BTC is currently at 67,500, and although it has been rising without showing signs of weakness, it now seems that BTC is starting to weaken, and the trend appears to be shifting.
A correction is likely to happen soon, with BTC possibly dropping to 65,500 as the first step. If it doesnโt break this support after testing it, thereโs a chance it will rise again, possibly reaching its previous all-time high range.
Iโve marked some levels for BTC in the attached image, and I hope you find it helpful. Be cautious when opening long positions if you donโt have a significant margin.
ALWAYS DYOR!
#EmperorMajesty #TeslaTransferBTC #BTCSoarsTo68K #BTCUptober #EmperorMajesty $BTC
{spot}(BTCUSDT)
โ
ย Bitcoin reached above $68,000 during this morning's spike, the market is green and it seems that this time the bulls were able to break through resistance at the key liquidity level ๐
Daily Digest:
๐ธย Italy's government will raise taxes on capital gains on crypto such as Bitcoin to 42% from 26% ๐ฎ๐น
๐ธ More than $50 million has been lost from a cybersecurity breach at the Radiant lending protocol
๐ธย Wallets associated with Tesla have moved more than 11,500 BTC ($760 million) to other wallets
๐ธย USDT issuer Tether counted 330 million on-chain wallets and accounts that use their stablecoin
๐ธย Only 7.5% of respondents in El Salvador said they had used cryptocurrencies for transactions ๐
๐ธย Praxis, which bills itself as the worldโs first โNetwork State,โ announced it had secured $525 million
๐ธย Turns out Donald Trump will get 75% of World Libertyย revenue
#WeAllAreSatoshi $BTC
The image you provided seems to depict the performance of Bitcoin (BTC) around halving events in 2017, 2021, and 2024. Specifically, it shows price patterns or market behavior 224 days before and after each halving event, with a focus on percentage changes in price. Here's a general breakdown:
1. **2017 Halving (left graph)**:
- Before the halving event, there is a notable price increase, followed by a sharp decline after the halving.
2. **2021 Halving (middle graph)**:
- Similarly, there is a price rally leading up to the halving event, followed by a strong post-halving sell-off.
3. **2024 Halving (right graph)**:
- This part appears to show the current price trends in 2024, with a pattern similar to previous cycles. The market is gradually increasing as it approaches the 224-day pre-halving mark, suggesting anticipation of a post-halving surge or significant market reaction.
### Key Takeaways:
- **Price Cycles**: The graphs highlight a recurring pattern where prices rise leading up to a halving event and then experience volatility after.
- **224 Days Trend**: Each halving shows a similar structure of price changes 224 days before the event, with the 2024 market currently showing bullish signs leading up to the next halving.
- **Market Sentiment**: Based on historical data, it can be inferred that price movement post-halving is uncertain, with potential corrections, but long-term bullish trends often follow these events.
This kind of analysis could be used to predict price behavior in anticipation of the 2024 Bitcoin halving, supporting the theory of a post-halving bull run.