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Ethereum (ETH) Rallies On BlackRock ETF Filing: Next Stop $2500?

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After BlackRock filed for an Ethereum ETF spot, ETH jumped above $2,100. Ethereum and Tron’s founders deposited large sums of ETH onto exchanges. ETH was overbought but an increase in buying pressure could drag it up to $2,500. After enduring a series of bashings from the crypto community, Ethereum (ETH) finally broke out and jumped above the $ 2,000 psychological resistance. The price rise was connected to the disclosure that leading investment firm BlackRock had filed for an ether ETF. The development resulted in an increased demand for ETH, thereby positively impacting the price action. At press time, ETH changed hands at $2,121, according to data from CoinMarketCap. Following the surge, many market players are now calling for ETH to reach $2,500 and beat down the dominance of bitcoin (BTC). Big Players Move ETH Another interesting development that occurred after the price increase was revealed by the smart money tracking platform Lookonchain. Acco
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Bitcoin trades above $37k: Will it reach the $40k psychological level soon?

Key takeaways Bitcoin is trading above $37k as the broader crypto market rallies higher.  Memeinator has now raised more than $1.2 million as its presale attracts more investors. Bitcoin eyes the $40k level Bitcoin, the world’s leading cryptocurrency by market cap, has been performing well over the last few weeks. It has added more than 7% to its value in the last seven days and the price of Bitcoin currently stands at $37,100 per coin. The broader cryptocurrency market has also been rallying, with the total crypto market cap now at $1.4 trillion mark. If the bulls remain in control, Bitcoin could test the $40k resistance level in the short term.  What is Memeinator? Bitcoin and the other major cryptocurrencies have been rallying since the start of the week. With the market experiencing a rally, investors could be looking at new projects and  Memeinator is one to keep an eye on.  Memeinator is a Web3 project that is riding the meme coin wave and se
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Trader Says Shiba Inu Rival Could Explode by 160% Before ‘Real’ Rally Starts, Updates Outlook on Bitcoin

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A widely followed analyst is optimistic about the largest memecoin by market cap as the crypto markets explode. Pseudonymous crypto trader Kaleo tells his 601,800 followers on the social media platform X that the “real” Dogecoin (DOGE) rally is likely to kick off late next year. According to Kaleo, Dogecoin could record rallies of up to 162% from the current level. “Here’s my playbook for DOGE: Sometime in the next week or two, Dogecoin finally starts to move. When DOGE starts moving higher, it usually moves pretty fast. I wouldn’t be surprised to see a daily from here to somewhere in the $0.90 – $0.10 range, chop there for a bit, then another daily to approximately $0.15. It’ll be a fast move… maybe churn a bit higher from there, but as much as I’d love for it to go to $1+, I honestly don’t see it getting too much past $0.20 on this rally.” Source: Kaleo/X From Kaleo’s charts outlining the possible price action next year, the trader is forecasting Dogecoin t
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Galaxy CEO predicts no changes in crypto regulations until the 2024 election

Galaxy Digital’s CEO foresees a delay in U.S. crypto regulation until post-2024 election s amid the firm’s report of increased Q3 losses. Galaxy Digital Holdings CEO Michael Novogratz voiced skepticism regarding the advancement of cryptocurrency regulations in the U.S. prior to the upcoming 2024 presidential elections. His comments came amid market speculation surrounding the imminent approval of the first U.S.-based Bitcoin exchange-traded fund (ETF) by the SEC. During the company’s earnings call for the third quarter, Novogratz remarked that any new regulatory decisions are unlikely with the election on the horizon, but post- election could see a significant drive in progress, given the cadre of knowledgeable individuals in Washington.  You might also like: Bitcoin’s whale-sized moves hint at $37k ascent Novogratz further opined that a pivot in the Federal Reserve’s interest rate policy might occur in the upcoming year, potentially in the first quarter. This shift, c
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Polygon price surges to 4-month high as Bitcoin hits $36.8k

Polygon’s price traded to $0.84, a level last seen in July. Meanwhile, Bitcoin (BTC) climbed to $36,800 amid optimism around spot Bitcoin ETF approval. MATIC is trading higher as continued whale accumulation adds buy pressure to the market. Polygon (MATIC) price rose early Thursday morning to trade at highs of $0.84 on major crypto exchanges.  The token’s nearly 6% price jump in the past 24 hours means the native token of the layer-2 Ethereum scaling platform reached a four -month high. The altcoin’s market cap has also increased to $7.6 billion, up more than 5.4% in the past three weeks. Why is Polygon (MATIC) price up? Polygon ’s price has returned to levels last seen in July as cryptocurrencies hit $1.4 trillion in global market cap and 24-hour trading volume of $77 billion. Meanwhile, Bitcoin ( BTC ) price climbed to above $36,800 as the optimism around the ecosystem increased. Analysts are bullish on the flagship crypto amid possible catalysts in
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Shiba Inu: How $8 Can Make You a SHIB Millionaire

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Shiba Inu (SHIB) has attracted significant attention as one of the most popular meme coins in the market. At the time of writing, SHIB was trading at a rate of $0.00000827 per token. Although this value may not be as high as it was a few months ago, SHIB appears to be following the broader market trends on an upward trajectory. Remarkably, with a modest investment of just $8, you can accumulate one million SHIB tokens today. What makes this particularly intriguing is the potential for this modest investment to yield substantial profits. This is if SHIB’s price were to reach $0.01 in the future. Source Also Read: Shiba Inu: Exact Moment SHIB Could Shoot Up in Price The Potential of Small Investments An investment as small as $8 can grant you one million SHIB tokens. The potential returns are nothing short of remarkable. In the event that Shiba Inu sheds its decimal places and achieves a price of $0.01 at some point, that same $8 investment could potentially transform into a signifi
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HSBC taps Metaco for tokenized securities platform

Legacy bank HSBC announced its latest blockchain endeavor in partnership with a Ripple-owned firm to service institutional clients with demand for real-world assets (RWA) hosted on-chain. According to a Nov. 8 statement, HSBC plans to launch a digital asset custody service for tokenized financial instruments sometime in 2024. Metaco, a Swiss firm specializing in safeguarding crypto assets, was named HSBC’s partner for its new product. Ripple acquired Metaco for $250 million in May 2023. The bank said the offering would complete a 360-degree platform along with its digital asset issuance service and its product which tokenizes physical gold, allowing eligible investors greater access to RWAs and traditional investment vehicles housed on blockchain networks.  1/3 @HSBC announced that it is working with @metaco_sa as it plans to launch a new digital assets custody service for institutional clients who invest in tokenised securities . To learn more: https://t.co/aI6IiaEvhu cc @Monic
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FTX Moves to Sell-off 1M Solana After SOL Grows 90% To $43.79

FTX and Alameda transferred $38.5 million in cryptocurrencies to exchanges in 24 hours. FTX’s Solana reserves are nearly exhausted after one million SOL worth $43 million were moved out. So far, FTX has moved 36 digital assets out to exchanges valued at over $350 million. On-chain data has revealed that wallet addresses linked to the insolvent cryptocurrency entities FTX and Alameda have continued to engage in substantial movement of their crypto portfolio to exchanges, potentially for liquidation. Monitoring tools tracking blockchain transactions have reported that wallets tied to FTX have moved seven cryptocurrencies, collectively valued at upwards of $38.5 million within the last 24 hours. The destinations of the transfers include crypto exchanges Binance and Coinbase.  Leading the pack in their most recent crypto movement to exchanges is Solana (SOL), a digital asset that has appreciated by over 90% within the last 30 days. Specifically, FTX entities
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Hacker exploits defi protocol TheStandard.io for $264k

TheStandard.io suffers a $264,000 theft via a PAXG liquidity pool exploit on Arbitrum. Defi stablecoin protocol TheStandard.io has been hacked for $264,000, according to reports from blockchain security analysts CertiK. The hacker allegedly conducted a low liquidity exploit of PAXG on Arbitrum.  #CertiKSkynetAlert This morning @thestandard_io were exploited for 8.5k USDC.e and 280k EUROs with a combined value of $264k at current prices. The attacker has since minted an Algebra position NFT with 222,819 EUROs.https://t.co/AS3HBh58qq — CertiK Alert (@CertiKAlert) November 7, 2023 A low liquidity exploit is a type of attack where a threat actor takes advantage of pools with low liquidity to manipulate asset prices for financial gain. In this case, the hacker exploited the PAXG liquidity pools to steal 8,500 USDC and 280,000 Euro. Following the attack, nearly €223,000 was used by the hacker to mint an Algebra position NFT.  TheStandard.io released a statement affirming to custome
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Binance to list Bitcoin Ordinals’ token ORDI

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The largest cryptocurrency exchange, Binance, announced the listing of the native token of the Bitcoin Ordinals project — ORDI. Users can already fund accounts with coins in preparation for trading. The platform introduced spot trading pairs: ORDI/BTC, ORDI/USDT, ORDI/TRY. Withdrawals will open tomorrow, on Nov. 8. In addition, within 48 hours, the token will be available on an isolated margin paired with the stablecoin Tether (USDT). Before trading, the first thousand users who top up their account with at least 72 ORDI will receive a reward of 50 USDT. At the time of writing, ORDI is trading at $11.00. Over the past 24 hours, the asset’s value has increased by 48%, according to CoinMarketCap. Ordinals (ORDI) price | Source: CoinMarketCap Currently, the market capitalization of the token is more than $200 million. The trading volume over the past 24 hours exceeded $40 million. At the end of August, the Binance added support for the Ordinals service. The new feature allo
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Crypto data platform Glassnode sells Bitcoin tax software to Blockpit

After acquiring the crypto tax platform Accointing in October 2022, Glassnode is selling the business to focus on DeFi and institutional offerings. Cryptocurrency intelligence firm Glassnode has said it’s dropping crypto tax-related projects to focus on new solutions targeting institutional investors and decentralized finance (DeFi). Glassnode, on Nov. 6 announced the sale of its crypto-focused tax platform known as Accointing to the European crypto compliance provider Blockpit. The firms declined to disclose the size of the deal to Cointelegraph, only revealing that the transaction was a “multimillion-dollar deal.” “Glassnode will exit the crypto tax space with the sale of Accointing to Blockpit,” a spokesperson said, adding that the deal enables the firm to deepen its focus on delivering new Digital Asset Intelligence Solutions to its institutional clients. “We have used the last months to reshape our infrastructure, enabling our move into DeFi data solutions and expansions into ot
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UK Asks Public For Feedback On Proposals For Regulation Of Stablecoins

The Bank of England (BoE) and the Financial Conduct Authority (FCA) have requested feedback on new proposals to regulate stablecoins. The proposals are part of a more significant effort to regulate the entire crypto industry. However, given the Bank of England’s concerns that stable coins hold the potential to disrupt financial stability, it believes that handling this aspect of the crypto sector is of utmost importance. The BoE said: Payments systems using stablecoins, if widely used for retail payments in the UK, could pose risks to financial stability. The FCA and BOE Publish Separate Papers On Stablecoinss The proposals emerged in two discussion papers issued by the Bank of England and FCA. The bank’s paper suggests regulating not only operators of systemic payment systems that use stable coins , but also wallet providers and stablecoin issuers. The bank’s Deputy Governor for Financial Stability, Sarah Breeden, said that the proposals aim to support safe innovation, allowin
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GROK tokens surge as Elon Musk debuts his new AI chatbot

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Some tokens that share the same name as Musk’s chatbot Grok surged by more than 30,000% in price, although their legitimacy is unclear. New shady tokens emerge on the decentralized finance (defi) market as American billionaire Elon Musk unveiled his new artificial intelligence chatbot dubbed Grok. According to data from DEXTools, around 394 tokens mention GROK in their name to lure inattentive investors. Fake Grok tokens | Source: DEXTools You might also like: Squid Game crypto token scammer tracked by podcasters Some of the tokens demonstrate an extremely high level of daily volumes, registering millions of dollars worth of crypto. A token called GrokDogeX is showing a ridiculous 31,000% surge in price over the past 24 hours, even though the token itself was launched on Nov. 5, 2023. GrokDogeX price surge | Source: DEXTools Many, if not all, self-developed eponymous tokens that flood the defi market eventually turn out to be scams. They quickly collapse
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Asia's weekly TOP10 crypto news (Oct 30 to Nov 5)

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Author：0xMingyue Editor：Colin Wu 1. Singapore MAS Announces Collaboration with Regulatory Authorities in Japan, Switzerland, and the UK to Advance Digital Asset Legislation link On October 30th, the Monetary Authority of Singapore (MAS) announced its collaboration with the Japan Financial Services Agency, the Swiss Financial Market Supervisory Authority, and the UK Financial Conduct Authority to advance discussions on legal, regulatory, and accounting treatment related to digital assets. This collaboration aims to identify potential risks and gaps in existing policies and legislation concerning tokenization solutions, explore the development of common standards for digital asset networks and market best practices across jurisdictions, promote high standards of interoperability to support cross-border digital asset developments, and facilitate industry pilots for digital assets through regulatory sandboxes. 2. WalletConnect Protocol Restricts Usage for Russian Users link On November 1st
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XAI 175% Surge: Elon Musk Reaffirms ‘My Co Will Never Create Crypto’

Elon Musk restates his companies will not create crypto tokens amid the XAI meme token launch. The XAI meme token raises interest despite having no official Musk affiliation. A report states that the XAI token has surged 175% following Musk’s statement. Elon Musk, the billionaire owner of the X platform (formerly Twitter), has reiterated that none of his companies would ever issue a crypto token. Musk made this proclamation in a recent statement on X following the launch of a meme-themed token, XAI.  Notably, the bad actors behind the XAI token swung into action to create the coin as Elon Musk founded an artificial intelligence company, xAI. It is worth mentioning that xAI is set to introduce an early beta version of the Grok system exclusively for X Premium+ subscribers. However, some crypto developers have seized the opportunity to create a meme token about Elon Musk’s artificial intelligence endeavor. A prominent Dogecoin designer warned the crypto com
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88.5% of Bitcoin’s supply has not moved for three months

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Data shows that long-term Bitcoin (BTC) holders are still holding strong despite the modest price decline. According to a Nov. 2nd tweet by crypto fund founder Dylan LeClair, 88.5% of the total Bitcoin supply has not moved in over three months . This indicates that the majority of Bitcoin holders are not selling their coins. The hilarious thing is that 88.5% of the #bitcoin supply hasn't moved in the last three months . Wall Street is gonna have to really pump this thing to get hodlers to part with their coins. $BTC pic.twitter.com/CtD7GoA9ka — Dylan LeClair 🟠 (@DylanLeClair_) November 2, 2023 In a Nov. 3rd YouTube video, popular crypto influencer CryptosRUs also highlighted that Bitcoin holders are continuing to accumulate. He points to data showing that the number of Bitcoin holders and the amount of Bitcoin being held are near all-time highs. CryptosRUs believes the recent Bitcoin price decline is simply a healthy pullback following the rapid price surge, rather t
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Marathon Digital harnesses landfill methane for Bitcoin mining pilot in Utah

Marathon Digital, a Bitcoin (BTC) miner, has teamed up with renewable energy asset manager Nodal Power to test a 280 kW Bitcoin mining project in Utah, according to a joint statement released on Nov. 2. The project will use methane gas from landfill waste to generate electricity which will be channeled towards BTC mining.  Today, we're announcing the energization our first #Bitcoin mining pilot project powered by renewable, off-grid energy from a landfill . The project is currently fully energized and operational. Learn more: https://t.co/RnqtJOvOCa pic.twitter.com/U1UPEgwmRm — Marathon Digital Holdings (NASDAQ: MARA) (@MarathonDH) November 2, 2023 This initiative aims to tackle greenhouse gas emissions by employing renewable energy sources for its mining processes. According to the Environmental Protection Agency (EPA), municipal waste was responsible for 14.3% of methane emissions in the United States in 2021. The EPA sees the potential of capturing and using this energy
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Pancakeswap up 29% in 24 hours after new feature launch

Decentralized exchange PancakeSwap (CAKE) has seen a significant price surge over the past day following the launch of a new feature on the platform. CAKE is currently trading at $1.57, which represents a 29% increase over the last 24 hours . The token has also gained 31% against over the past week. This latest rally comes shortly after PancakeSwap introduced its new Position Manager tool earlier this week. The feature allows users to deposit funds into a vault and have them automatically allocated to liquidity pools for yield farming. In a blog post, the PancakeSwap team said Position Manager makes capital use more efficient by automating liquidity provisioning. According to the developers, this should enable users to generate higher yields compared to manual yield farming. You might also like: PancakeSwap launches asset management feature The new utility initially supports stablecoin USDT, as well as BNB, Bitcoin (BTC) and Ethereum (ETH). PancakeSwap is incentivizing
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Bitcoin set for largest historical move after rare breakout indicator is realized

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With Bitcoin (BTC) undergoing a short-term rally that has propelled the asset to surpass the $35,000 mark, attention has shifted towards how long this surge will be maintained as the asset aims for the next all-time high. In this context, cryptocurrency analyst CryptoCon , in an X (formerly Twitter) post, pointed out that Bitcoin has recently encountered a rare breakout indicator, suggesting the potential for a significant historical move. According to CryptoCon’s assessment, the indicator characterized by short-term downtrends and breakouts has only occurred for the second time in the current cycle, making it an event of exceptional significance.  Bitcoin price analysis chart. Source: CryptoCon Historically, such occurrences have heralded significant movements in the cryptocurrency market and have been associated with some of the most notable bull runs in Bitcoin’s history. Cryptocurrency Bitcoin hits yearly high, $37,000 next target, says crypto analyst
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