Cosmos Hub may have major security issues in its LSM as reported by its builder AiB. AiB recommends a complete audit to the Cosmos ecosystem to combat security concerns. The crypto market has sustained its positive momentum as the sector surges with activity. Bitcoin has hit $67,000, mirroring the US spot Bitcoin ETFs, which have shown significant inflows. Meanwhile, All in Bits, the builder of the Cosmos ecosystem, announced a major security alert a few hours ago. According to the DeFi builder’s X post, it has uncovered serious security issues on the Cosmos hub’s Liquidity Staking Module (LSM). All in Bits (AiB) discussed several concerns for raising the emergency security alert. Firstly, the LSM’s code was written by North Korean agents. This has caused concern after recent reports of skepticism and infiltrations surrounding the group. Additionally, AiB pointed out that Cosmos Hub’s LSM is not a standalone module but part of other staking and distribution modules. This would mean that a security threat could affect the entire ecosystem. Furthermore, the builder also highlighted two individuals involved in the projects and their misrepresentations of material. All in Bits has also said that other firms such as Stride Labs and Informal Systems have shown a lack of transparency in the project. Finally, AiB also reported discovering vulnerabilities in the slashing process, that allows validators to evade it persisting. What Upcoming Steps Does AiB Recommend for Cosmos Hub? In order to combat the security concerns, AiB recommends an immediate fix of the major vulnerability surrounding the staking LSM. It also states that the Cosmos Hub should ensure an immediate audit of its various systems within the ecosystem. Notably, before the LSM was incorporated into the hub it underwent a 19-month audit. Despite this, there were some unaudited codes within the LSM. Moreover, the protocol builder also states that involved parties who contributed to the security concerns must be subjected to appropriate actions. Finally, it also has demanded the respective parties to account for their actions in its detailed announcement. In the recent few months, several security concerns and breaches have risen in the cryptocurrency sector. Recently, the Pendle ecosystem encountered a hack in its Penpie protocol, an optimization tool. The Polygon ecosystem’s Discord channel was also hacked in August. Highlighted Crypto News Today: TIA Token Faces Price Drop Amid Celestia’s Shwap Upgrade Launch

TIA token has dropped over 9.52%, from $6.41 to a low of $5.80, now trading around $5.84. Celestia launched its Shwap upgrade on the Arabica and Mocha testnets to boost data sampling speed and storage efficiency. The TIA token has seen a significant price drop of over 9.52% in the past 24 hours, sliding from a high of $6.41 to a low of $5.80. As of now, TIA is priced at approximately $5.84, showing a slight recovery from its intraday low. This decline comes despite the recent launch of Shwap, Celestia’s first data availability (DA) network upgrade, which was activated on the Arabica and Mocha testnets on October 15th. Shwap aims to revolutionize data availability by boosting sampling speed by 12 times while reducing storage needs by 16.5 times. This upgrade designed to support larger blocks and smaller nodes, enhancing DA throughput and making it easier for anyone to run light nodes through browsers or wallets. These improvements not only speed up existing crypto applications but also pave the way for new ones utilizing any virtual machine (VM). Shwap set to enter the mainnet Beta phase in November after further testing. Will Upcoming Token Unlocks Increase Selling Pressure on Celestia TIA)? Celestia (TIA) faces additional challenges as analysts predict increased selling pressure by the end of October. Approximately 175 million TIA tokens, which represent 16.4% of the total supply, are set to be unlocked to coincide with the modular blockchain’s one-year anniversary. Currently, the circulating supply of TIA stands at 214.24 million out of a total of 1.073 billion tokens. To date, a total of 267 million TIA tokens have been unlocked. With TIA’s current market cap hovering around $1.27 billion, the upcoming unlocks could lead to volatility. Historically, tokens with less than 70% of their supply distributed often experience larger fluctuations during such events. Meanwhile, Celestia’s price has also dipped, down 9.52% in the last day, indicating a tough road ahead as it battles against key resistance levels. In terms of technical analysis, TIA’s MACD line is below the signal line, indicating a bearish trend, while the RSI (Relative Strength Index) reading of 61 suggests that the asset is in a relatively strong position but not yet overbought. These technical indicators point to a cautious outlook for TIA as it navigates these market dynamics. Highlighted News Of The Day Grayscale and Canary Capital Spark New Crypto ETF Wave

The bull run that occurred in 2021 was a period of remarkable expansion for the virtual currency market, as it was for one trader in particular. In this instance, this crypto trader is notable for earning below-par performance, as he made a whopping $80 million profit from investing early in Dogecoin. In addition, the same trader has been seen accumulating yet another cryptocurrency this time around called Rexas Finance (RXS), which is being termed the ‘DOGE rival’. Rexas Finance was available for just $0.06 per presale and is increasingly proving popular among traders looking for the trigger for the next big thing. Dogecoin 2021 Bull Run: A Story of Meme Coin Success When it commenced, Dogecoin was primarily viewed as the coin for an impulsive market, a joke for a serious no-coin with future aspirations. However, in the year 2021, using his social media support, community support, and a few high-profile advocates, including Elon Musk, DOGE within the past few years, skyrocketed. A lot of the early users, especially the $80 million advance trader, had all their returns increase astronomically, bringing out the fact that even meme coins have the potential to change one’s life in the sphere of cryptocurrency. With the development of the market, investors’ expectations changed, too. Now they want more than just such a simple hype, but such that will have real-life applications and endurance. This is where the setup of Rexas Finance starts. Why do investors find Rexas Finance to be similar to DOGE? Rexas Finance is principally promoted as a low-cost cryptocurrency where it operates in the same zone as Dogecoin; however, it does set itself apart by its usefulness and orientation towards the emerging market of RWA tokenization. Unlike DOGE, which is tethered to various community activities, Rexas Finance provides a practical purpose for launching the platform. Specifically, it allows users to create and trade tokens of real-world objects such as real estate, artworks, etc. through the blockchain system.This additional layer of utility makes Rexas Finance attractive, especially for those who are after cheap prices with a promise of future earnings. The price, which was only at $0.06 during the presale of Rexas Finance has already attracted the likes of those in the market who, in previous trades, have been noticed to have cratered fortunes with DOGE. Rexas Finance (RXS) The Presale The Market For The Growth Prelude Rexas Finance at the moment is in its presale stage and indicators show there is enough appetite for the investors. In Stage 4 of its presale, RXS is priced at $0.06, whereupon the next stage will see a price hike to $0.07. The presale has moreover collected funds amounting to $2,806,293 involving the sale of 65,938,206 tokens, therefore proving there is interest in the project.For investors who are already acquainted with cryptocurrencies, this presale is a critical decision for them. The price is rather low, which means that lots of room for upside exists, especially at this stage when Rexas Finance is still working on enhancing its platform and growing its presence in the asset tokenization market. The Rexas Millionaire Giveaway: Engagement within the Community To generate even greater interest and encourage participation from the community, Rexas Finance has launched the Rexas Millionaire Giveaway as well. This program brings in an astounding 20 people who will be given $50000 each and it adds to the presale excitement with the approach of investors expecting such prizes in the hundreds of thousands. It is also possible to provide investment services, submit an ERC20 wallet address, and complete activities that promote the community. The giveaway has been timed perfectly with an upward move in token buy pressure as people hurry to invest and spread the word about the project as the token price will be increased in the next phase. How to Buy Rexas Finance (RXS) For anyone who wants to become a professional trader, there is an easy manner to buy units of the presale for Rexas Finance. Step 1: Prepare Your Wallet Before executing this sale, another implementation would be to ensure a compatible wallet with Wallet Connect features. Many people prefer using MetaMask or Trust Wallet but literally almost any decentralized wallet with some connection to Wallet Connect would do. Step 2: Purchase Ethereum (ETH) Please ensure that you have the necessary amount of Ethereum (ETH) in your wallet because this will also be needed to cover network gas fees. It does not matter if you choose to purchase Rexas Finance using USDT; you still need to utilize ETH in your wallet for transaction fees. Step 3: Access to the Rexas Finance DApp To access the Rexas Finance platform, go to rexas.com and click on the “Connect Wallet” button. A prompt will ask you to connect your wallet. When utilizing the wallet, ensure that it is on the Ethereum Chain (ERC20) to prevent any issues with the transactions. Step 4: Select Your Payment Method From Rexas’s dashboard, you can select a payment method, which can be either ETH or USDT. Indicate the amount you want to invest and the platform will indicate how many RXS tokens you will receive after your investment. Step 5: Finish the Transaction When you have entered your investment amount, confirm your purchase. You will receive a request on your wallet to authorize the transaction, and upon completion of the approval, you will see the RXS tokens deposited into your wallet in real time. Two transactions are required upon purchases of USDT; they are one where the USDT contract is approved and another where the actual purchase is completed. For success in buying RXS tokens, these two steps have to be done. Could Rexas Finance Be the Next Big Thing? Naturally, the news that a trader who made an $80 million profit from Dogecoin is now investing in Rexas Finance was of great interest in the cryptocurrency world. It is not just another penny crypto thanks to its real-life usage and ever-growing presale performance. The token aims at utilizing blockchain technologies in the promotion of asset ownership among all demographics, which makes this investment appealing to investors seeking projects with high activity and growth potential.With each subsequent presale rounding up, the price of Rexas Finance goes up, meaning that there is a good opportunity for investors who invest early on to reap a good return. Whether Rexas Finance will live up to the sudden popularity that has been bestowed on Dogecoin is a question yet to be answered; however, for the time being, it remains a bright prospect when viewed from the crypto space. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

Grayscale seeks to convert its fund into a diversified crypto ETF. Canary Capital files for spot Litecoin and XRP ETFs amid growing interest. The race to bring more cryptocurrency-based exchange-traded funds (ETFs) to the U.S. market continues to heat up as Grayscale Investments and Canary Capital make bold moves. Grayscale, the world’s largest crypto asset manager, has filed to convert its Digital Large Cap Fund, which includes Bitcoin, Ethereum, Solana, XRP, and Avalanche, into an ETF. This follows Grayscale’s recent victory in converting its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF after a lawsuit against the U.S. Securities and Exchange Commission (SEC). Meanwhile, Canary Capital is targeting alternative cryptocurrencies. The firm has filed registration documents with the SEC for a spot Litecoin (LTC) ETF, which aims to track the performance of Litecoin, often seen as a faster and cheaper alternative to Bitcoin for small payments. Canary Capital is also pursuing a spot XRP ETF. It filed similar paperwork just days before Bitwise made its own XRP ETF filing. These filings come as institutional interest in cryptocurrencies grows, with Wall Street eager for more diverse crypto ETF products. Political Influence Political factors loom large over these developments. The upcoming U.S. presidential election in November is seen as a potential turning point for crypto regulation. Kamala Harris, the current Vice President, is regarded as more supportive of blockchain technology than President Joe Biden. She has overseen aggressive regulation under SEC Chair Gary Gensler. Donald Trump, Harris’ rival, has promised to fire Gensler if elected, signaling a possible shift in the regulatory environment. Nate Geraci, president of The ETF Store, highlights that the current wave of ETF filings could be influenced by the election, noting that politics “clearly matter in the short-term.” Despite this uncertainty, he believes that the launch of more crypto ETFs is “inevitable.” As the SEC reviews these filings, Grayscale and Canary Capital’s latest moves reflect the increasing demand for sophisticated cryptocurrency products. It signals a new chapter in the mainstream adoption of digital assets. Highlighted News Of The Day Ethereum Breaches Key Resistance: Long Term ETH Holders Move

Tesla moved 11,500 BTC valued at $765 million in October 2024. SpaceX, another Musk-led company, holds over 8,000 BTC. Elon Musk’s Tesla has made its first significant Bitcoin move in over two years, transferring around 11,500 BTC valued at approximately $765 million. The transaction, revealed by Arkham Intelligence, occurred on October 16, 2024, in multiple batches. It has stirred considerable interest in the cryptocurrency world. These Bitcoin transfers were spread across several new, unidentified wallets. Importantly, none of the wallets are associated with crypto exchanges, leading to speculation that Tesla may not be planning an immediate sale of its Bitcoin holdings. The 26 separate transactions included three large transfers totaling over $228 million. The rest of the Bitcoin was dispersed in smaller amounts across multiple wallets. Tesla’s wallet had been inactive since 2022, making this sudden activity unexpected. While no official reason has been provided, some analysts believe the move was a security measure. Perhaps transferring funds to cold wallets to mitigate the risk of hacking. Others speculate the company might be preparing for a sale, which could significantly impact Bitcoin prices if executed on open markets. Tesla’s Bitcoin Holdings and Market Impact Tesla first entered the Bitcoin market in early 2021 with a $1.5 billion investment, sparking widespread attention. It sold 10% of this investment in the first quarter of that year, realizing a profit of $128 million. However, in July 2022, the company sold 75% of its remaining Bitcoin holdings during a market downturn, generating $936 million. Following these sales, Tesla retained 11,500 BTC, which has increased in value as Bitcoin prices have risen. As of October 15, 2024, Tesla held an estimated 9,720 BTC, worth about $650 million, down from its peak holding of 43,000 BTC. Arkham Intelligence believes Tesla may hold as much as 11,509 BTC across 68 wallets, valued at around $770 million at current prices. Despite this major move, the market has shown little reaction so far. Bitcoin was trading at approximately $66,880 at the time of the transaction. Some market analysts suspect that if Tesla were to sell its holdings, it might do so through over-the-counter (OTC) trades. This method would allow Tesla to avoid causing panic or triggering a sharp price drop by offloading its Bitcoin in public markets. Tesla remains one of the largest corporate Bitcoin holders, following MicroStrategy and MARA. The electric vehicle giant also briefly accepted Bitcoin payments for its cars in 2021 before pausing the practice due to environmental concerns. Additionally, Musk’s space venture, SpaceX, is reported to hold 8,285 BTC, further highlighting his company’s involvement in the crypto space. Highlighted Crypto News Today 021 Doubles Down on Avalanche with Strategic Acquisition of Looty

Bitcoin (BTC) has surged past the $65,000 mark, renewing traders’ optimism for an “Uptober” rally that could extend the digital asset’s bullish momentum. Is The Bitcoin “Uptober” Rally Finally Here? In the early hours of October 15, Bitcoin briefly crossed $66,000 before retracing to $65,964 at the time of writing. Over the past 24 hours, BTC has gained 1.4%. According to a report by crypto exchange Bitfinex, Bitcoin’s decisive move past the crucial $63,000 resistance level, combined with encouraging on-chain metrics, points toward further potential upside move. The report mentions that Bitcoin’s realized price of unspent transactions output (UTXO) age bands are a “pivotal on-chain metric for gauging Bitcoin’s market dynamics.” For the uninitiated, Bitcoin’s UTXO age bands refer to the value at which different groups of BTC – based on their holding duration – were last moved. Essentially, it helps track the average purchase price across various age groups of BTC holders, indicating market sentiment and the profitability of specific cohorts. Notably, the average realized prices for short-term (3-6 months) and mid-term (6-12 months) holders have historically been key support or resistance levels. The short-term holder price is around $63,000, while the mid-term holder price is $55,000. When Bitcoin trades below the average purchase price of these groups, it often signals a bearish trend. Conversely, a move above these levels can indicate bullish momentum. Since BTC has surpassed the $63,000 resistance, further gains could be in sight. However, a failure to close above this level could have triggered a potential decline toward $55,000. Market Displays Strong Appetite For Digital Assets The report highlights BTC’s weak price action on October 10, when it fell to $58,943 due to lack of aggressive buying in the spot market. Per the report, the majority of the selling originated on Coinbase. The report mentions the Coinbase Premium Gap Indicator (CPGI) – a metric that shows the difference between the BTC-dollar pair on Coinbase versus other major centralized exchanges. The CPGI decreased by 100 points as BTC’s price declined below $59,000. The report notes that during the past year, anytime the CPGI fell below 50 points, BTC price has witnessed a subsequent recovery. The report adds: This analysis aligns with a separate report by crypto firm QCP Capital, which noted that the shallow sell-off in the crypto market following geopolitical tensions between Iran and Israel indicates sustained demand for risk-on assets. In related news, BTC bulls will be relieved to learn that the defunct crypto exchange Mt. Gox has delayed its repayment until October 2025, potentially easing pressure on spot selling. However, some analysts warn that BTC may face price capitulation due to tightening on-chain liquidity. At the time of writing, Bitcoin trades at $65,964, up 1.4% in the past 24 hours.

Donald Trump new cryptocurrency initiative, World Liberty Financial (WLF), has encountered significant challenges since its launch. According to a report by CNBC, the project aims to establish a crypto bank and was expected to attract considerable investor interest. However, the token sale, which began on Tuesday, was marred by website outages and technical issues, severely limiting participation. Trump Crypto Venture Faces Setbacks Zachary Folkman, co-founder of WLF, had previously indicated that over 100,000 individuals were on the whitelist for the investment opportunity. Despite this promising start, the reality was starkly different. As of Tuesday afternoon, blockchain data from Etherscan revealed that only about 4,300 unique wallet addresses held the WLF token, amounting to roughly 4% of the registered investors. The platform reported selling more than 532 million tokens at a price of 15 cents each, which represents less than 3% of the total 20 billion tokens available for public sale. Throughout the day, users faced consistent disruptions, with the website often displaying a message stating, “We are under maintenance.” WLF has yet to provide an official comment regarding these technical difficulties. These setbacks come at a crucial time for Trump, who is the Republican presidential nominee and has heavily promoted the project since August under the branding “The DeFiant Ones,” a nod to decentralized finance (DeFi). The project’s roadmap indicates an ambitious goal of raising up to $300 million at a $1.5 billion valuation during the initial sale. Investors To Receive Voting Rights On WLF Platform Folkman, who has a varied entrepreneurial background, including a previously owned company, Date Hotter Girls, has stated that 20% of WLF’s tokens are allocated to the founding team, which includes members of the Trump family. The WLF token, WLFI, is structured as a Regulation D offering, allowing it to raise capital without registering as a security with the SEC, provided it meets certain conditions, such as limiting the sale size and restricting participation to accredited investors. So far, details about the project’s functionalities remain sparse. Individuals associated with the Trump family project have suggested that the platform will facilitate borrowing, lending, and investing in cryptocurrencies. However, a formal white paper or comprehensive business plan has not been made public, and the primary disclosure has been that investors will receive voting rights on the forthcoming WLF platform. In a step toward legitimacy, WLF has also initiated the process of obtaining approval from Aave, a DeFi ecosystem and lending platform known for its open-source framework and reputation in the crypto community. Featured image from DALL-E, chart from TradingView.com

As Bitcoin continues its journey toward recovery, recent market activity has revealed an interesting shift in investor behaviour. According to a CryptoQuant analyst known as caueconomy, institutional investors are quietly accumulating Bitcoin as retail traders reduce their positions. This observation was shared in a post on the CryptoQuant QuickTake platform, highlighting a growing trend where whales—large investors—are buying up Bitcoin from smaller, more “impatient investors.” Retail Traders Exit While Whales Accumulate The analyst explained in the post disclosing that, in the past 30 days, institutional wallets, excluding miners and exchanges, have amassed over 67,000 BTC, bringing their total holdings to more than 3.9 million BTC. This level of accumulation is mirrored in the order books, where intense buying pressure has been seen on major exchanges such as Coinbase and Bitfinex, while Binance and Bybit, on the other hand, continue to see predominantly short positions. caueconomy mentioned that this development between large and small investors is playing a crucial role in shaping Bitcoin’s current price action. Notably, this trend of whale accumulation and retail sell-off isn’t new, but it highlights a significant shift in market sentiment. According to caueconomy, many smaller investors have been selling off their Bitcoin holdings due to the prolonged sideways movement of the asset’s price. These retail traders, often more reactive to short-term price fluctuations, have shown signs of impatience, reducing their positions as Bitcoin’s price failed to make any decisive moves in recent weeks. Meanwhile, institutional investors are taking advantage of this period of low retail interest by steadily accumulating more Bitcoin. The CryptoQuant analyst noted that this is a typical pattern in which larger investors build their positions during times of market uncertainty. Retail traders, on the other hand, often re-enter the market when sentiment improves, leading to a price increase. By this point, institutional investors may already have secured significant positions, allowing them to benefit from the upward trend when retail investors return to the market. Bullish Signal For Bitcoin Market? It is worth noting that the accumulation by institutional investors could be a sign of future price action. As whales continue to buy up Bitcoin, retail selling pressure may soon exhaust itself, potentially creating an environment where prices begin to rise again. According to caueconomy, once sentiment improves and retail investors seek to re-enter the market, they will likely face higher prices, benefiting those who have already built up their positions. The analyst concluded by stating that institutional investors are preparing for this sentiment shift, positioning themselves to distribute their holdings during the next price increase. This process is often cyclical, with large players accumulating during periods of low confidence and distributing when the market becomes more bullish. Featured image created with DALL-E, Chart from TradingView

Litecoin price is gaining pace above the $70.00 level against the US Dollar. LTC could continue to rise if it clears the $72.80 resistance zone. Litecoin is showing positive signs from the $65 support zone against the US Dollar. The price is now trading above $70 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $68.00 on the hourly chart of the LTC/USD pair (data feed from Kraken). The price is up over 10% and might continue to rise if it clears the $72.80 resistance zone. Litecoin Price Gains Bullish Momentum After forming a base above $65, Litecoin started a fresh increase. LTC price broke the $68 and $70 resistance levels to move into a positive zone, like Bitcoin and Ethereum. The price gained over 10% and even cleared the $72 level. A high was formed at $72.74 and the price is now consolidating gains. It is stable above the 23.6% Fib retracement level of the upward move from the $65.29 swing low to the $72.74 high. Litecoin is now trading above $70 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $68.00 on the hourly chart of the LTC/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $65.29 swing low to the $72.74 high. On the upside, immediate resistance is near the $72.00 zone. The next major resistance is near the $72.80 level. If there is a clear break above the $72.80 resistance, the price could start another strong increase. In the stated case, the price is likely to continue higher toward the $75.50 and $78.00 levels. Any more gains might send LTC’s price toward the $80.00 resistance zone. Are Dips Supported in LTC? If Litecoin price fails to clear the $72 resistance level, there could be a downside correction. Initial support on the downside is near the $71.00 level. The next major support is forming near the $69.00 level, below which there is a risk of a move toward the $67.50 support. Any further losses may perhaps send the price toward the $65.00 support. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for LTC/USD is above the 60 level. Major Support Levels – $71.00 followed by $67.50. Major Resistance Levels – $72.80 and $80.00.

Analysts observed that the number of Bitcoin active addresses is unaffected by the fluctuating sentiments around the most popular cryptocurrency, saying it remains remarkably stable. This, as the alpha coin breaches the $66,000 level at the time of writing. Active address count monitors the number of unique Bitcoin addresses that have been involved in a transaction during a given period. This metric is viewed as an essential indicator of the digital asset’s health and adoption. According to Santiment, the seven-day average of about 3.5 million active addresses indicates that the digital coin’s key yardstick remained strong, unmoved by the neutral sentiment recorded for the Bitcoin fear and greed barometer. This despite the price of Bitcoin undergoing all that volatility associated with crypto markets, the count of active addresses stood firm, showing that core users and participants continue actively using the cryptocurrency for their transactions and holdings. Still, Active Addresses Are Somewhat Below Yearly Average Active addresses have been relatively static over the last few days, and its 2024 monthly average hasn’t yet overcome the yearly average, so engagements are down. It was found by Glassnode to be in parallel with the slide seen mid-2018 during the Bitcoin price correction after its bull run of 2017. Although prices have rallied briefly, network activity has not returned in a manner consistent with past cycles. The decline in active addresses and the post-halving period of this year point to a declining need for blockspace by the network, which could be a sign of a wider slowdown in the number of Bitcoin users. A Positive Long-Term Outlook? Analysts pointed out that the consistent network activity would suggest that the long-term prognosis for the asset related to cryptocurrencies stays favorable. It also demonstrated how the basic usage and interaction with the Bitcoin network have not been impacted by the swings in the digital currency environment of speculative investments. Independent of the enthusiasm or fear that could drive temporary price changes, the persistence of the active address count indicates a fundamental robustness of Bitcoin’s infrastructure and the actual real-world benefit it offers. Sentiment On Bitcoin Stabilizing After the market sentiment experienced highs and lows in the past few days, the Bitcoin fear and greed index revealed that sentiment has found its way in the neutral zone. At the time of writing, the fear and greed index was at 48, a sign of a market in equilibrium. It also signaled the shift to neutral courtesy of the increased anxiety and greed brought on by changing prices. Based on various criteria including volatility, volume, and social media trends, the Bitcoin fear and greed index suggests that following the recent strong market swings investors are adopting a wait-and-see strategy before jumping in and investing. Featured image from Pexels, chart from TradingView

XRP price is moving higher above the $0.5400 zone. The price must settle above the $0.5550 resistance to set the pace for a larger increase. XRP price is attempting a fresh increase above the $0.540 zone. The price is now trading above $0.5410 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5395 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.550 and $0.5550 resistance levels. XRP Price Revisits Resistance XRP price started a downside correction from the $0.5550 resistance zone. There was a move below the $0.5420 support. However, the bulls were active at $0.5320. A low was formed at $0.5317 and the price is now rising like Bitcoin and Ethereum. The price climbed above the $0.5380 and $0.540 resistance levels. There was a move above the 50% Fib retracement level of the downward move from the $0.5550 swing high to the $0.5317 low. The price is now trading above $0.540 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.5395 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $0.5460 level or the 61.8% Fib retracement level of the downward move from the $0.5550 swing high to the $0.5317 low. The first major resistance is near the $0.5500 level. The next key resistance could be $0.5550. A clear move above the $0.5550 resistance might send the price toward the $0.5650 resistance. Any more gains might send the price toward the $0.5800 resistance or even $0.5880 in the near term. The next major hurdle might be $0.6000. Another Decline? If XRP fails to clear the $0.550 resistance zone, it could start another decline. Initial support on the downside is near the $0.540 level and the trend line. The next major support is near the $0.5320 level. If there is a downside break and a close below the $0.5320 level, the price might continue to decline toward the $0.5210 support in the near term. The next major support sits near the $0.5050 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5400 and $0.5320. Major Resistance Levels – $0.5500 and $0.5550.

A bold prediction from a SHIB team member suggests that the Shiba Inu price could skyrocket 1,000% in just three days, but the spotlight is shifting to ETFSwap (ETFS), an Ethereum token poised for an even more staggering 5,000% surge. Analysts Bold Forecast: Shiba Inu Price Poised For A 1,000% Spike A member of the SHIB team has recently made a hint that the Shiba Inu price could rise by 1,000% in just three days, demonstrating the SHIB’s potential for rapid expansion. The team member encouraged the community to keep calm by assuring Shiba Inu owners that the current Shiba Inu price decrease is only temporary. The SHIB team member has underlined that the Shiba Inu ecosystem is strong and ready to recover quickly, noting that in past bull runs, the Shiba Inu price has also experienced sharp price increases. At $0.000016, Shiba Inu’s price would reach $0.000203 if the anticipated 1,000% gain comes to true, breaking the record high of $0.00008845 recorded in October 2021. Despite being highly optimistic, a number of market experts have expressed their belief that the Shiba Inu price has the potential to reach such a spike, particularly during altcoin season. These Analysts attribute their confidence for the Shiba Inu price prediction to a number of variables, including a higher token burn rate, the implementation of staking mechanisms, and increased on-chain activity. ETFSwap (ETFS): The Ethereum Token Positioned For A Staggering 5,000% Rise The SHIB team member sees a revolutionary transformation in the way institutional and retail investors see exchange-traded funds (ETFs). The team member feels that by tokenizing ETFs, creating previously unheard-of demand, and increasing its value by an incredible 5,000%, ETFSwap (ETFS) is poised to take the lead in this revolution. ETFSwap (ETFS) makes trading ETFs easier for beginners in the cryptocurrency space with its easy-to-use interface. According to the SHIB team member, the platform improves trading experiences by offering substantial profit chances through 24/7 trading, which is a critical component leading to the projected 5,000% price surge. The easy integration of cryptocurrencies and ETFs makes ETFSwap (ETFS) a powerful competitor to digital assets like Shiba Inu (SHIB). Its minimal fees and safe structure allow traders of any level of skill to easily transfer assets across exchanges. Through its innovative ecosystem, ETFSwap (ETFS) exceeds expectations in liquidity and flexibility. The platform creates a positive trading environment that may help achieve the expected 5,000% price gain by facilitating smooth, non-expiry trading, something prior systems have struggled with. ETFSwap (ETFS) further improves its legitimacy and stability by using tokenized assets backed by securities from respectable financial markets through agreements with MiCA-compliant investment businesses. The ETFSwap (ETFS) has also impressed the SHIB team member as it has obtained certifications from SolidProof and Cyberscope after KYC verification and smart contract audits respectively, attesting to the ecosystem’s safety and transparency for cryptocurrency investments. At $0.03846, investors are in a great position to acquire ETFSwap (ETFS) tokens ahead of the projected spike. The development team has been fine-tuning a beta trading platform that facilitates informed trading for users by providing high-reward liquidity pools, a real-time ETF price tracker, and staking possibilities. The AI-powered ETF screeners that ETFSwap (ETFS) will introduce in its next phase will include sentiment analysis, models for prediction, real-time data, and advanced analytics. These tools have the potential to increase investor trust and boost the token closer to its anticipated 5,000% breakout. Conclusion The SHIB team member’s bold prediction is based on ETFSwap’s (ETFS) unique utilities that simplify ETF investing and its expected 5,000% breakthrough. Investors are rushing to ETFSwap’s (ETFS) final to join this historic rally that is set to outpace the expected 1000% surge of Shiba Inu price. The current presale round has raised over $1 million and sold over 21 million tokens in a month, exhibiting strong market demand. The SHIB team member sees this as a fantastic opportunity to maximize investment returns and secure your financial future with a 50% bonus on each transaction and a discounted price of $0.03846 on offer during the current presale round. For more information about the ETFS Presale: Visit ETFSwap Presale Join The ETFSwap Community Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

021, a consumer-focused venture studio, has announced the strategic acquisition of Looty, a Web3 loyalty and rewards platform, just nine months after its inception. Launched in February 2024, Looty quickly became a key player on the Avalanche network, offering brands across various consumer-facing industries the ability to engage and reward their communities through gamified experiences. Looty’s platform empowers brands, from festivals integrating on-chain ticketing to decentralized applications looking to set themselves apart with unique user incentives. 021 has been deeply involved in the success of various digital brands, including Pudgy Penguins, where it facilitated IP licensing, production, and distribution deals, resulting in over 1.5 million toys sold by end of 2023. The venture studio collaborates with Amazon as a preferred partner in their High-Value Emerging Brands division, where they incubate and take brands to market. By acquiring Looty, 021 aims to leverage its expertise and network of partners to help scale Looty’s solutions and expand its mission to a broader audience. “The acquisition of Looty enhances our ability to provide engagement and gamified experiences to brands within our portfolio, our broader partner network, and the greater web3 ecosystem,” said Nigel Van Broekhoven, CEO of 021. “We identified synergies between Looty’s business model and our strategic vision early on, and this acquisition aligns with our ongoing initiatives with Avalanche.” Looty will continue to play a pivotal role in advancing on-chain loyalty solutions alongside Avalanche. In addition, 021 is already working on new features, has overhauled Looty’s smart contracts, and is working on multiple new deals from leading gaming titles to large car manufacturers. 021 is a venture studio working with outliers to produce consumer brands and technologies with a strong track record in partnering with startups, L1/L2 blockchains, and Fortune 500 enterprises. The venture studio also produces spinout ventures, co-builds with serial entrepreneurs, and acquires promising up-and-coming startups. Looty is the premier loyalty and rewards platform that brings fun and rewarding experiences to the Avalanche ecosystem. Launched in February 2024, Looty makes it simple and engaging for brands, big or small, to reward their communities through dynamic, gamified experiences. Looty’s platform is designed to be adaptable and attractive to both Web2 and Web3 brands, offering various rewards ranging from NFTs and tokenized tickets to real-world assets like luxury watches and cars. As a cornerstone of the Avalanche ecosystem, Looty collaborates with leading partners like Avalanche, Inspect, and others to drive innovation in digital loyalty.

Neiro Coin (NEIRO) has captured the attention of the crypto market, experiencing a whopping 4,608% increase in value within a mere 30 days. The memecoin’s extraordinary 48x return in a single month was a result of its precipitous rise from $0.000039 to $0.002. Neiro explodes in price in the last month. Source: Coingecko Despite this dramatic rally, the coin has slowed down its momentum, losing 15% from its peak of $0.0022. Price forecast from CoinCodex still calls for further increases in the future for the cryptocurrency, foreseen to reach 219%, getting up to a price of $0.019284 by November 2024, as traders start wondering if this is only the beginning of a much more massive drop. In the short term, traders are concerned with whether Neiro’s retracement is temporary or if the memecoin has reached its maximum potential. However, this long-term forecast indicates the possibility of substantial upside. Retracement Strikes Critical Support Neiro’s recent drop in price coincided with a daily bullish order block, causing the price to fall to a critical support level—the 23% Fibonacci retracement area—at the time of publication. These levels are essential because they have the potential to provide the necessary support to prevent further declines. The bulls would proceed to the 37% Fib level as their subsequent line of defense if the retracement persists. Neiro’s stochastic RSI indicates an oversold condition, which suggests a potential rebound. Furthermore, the RSI continues to exceed the neutral 50 level, which serves to bolster the likelihood of a price reversal. If momentum returns, some analysts predict that Neiro could increase to $0.0027, which would be a 20% increase from its current value. Longs Predominate, But Sentiment Is Neutral Market sentiment remains neutral, despite the presence of positive technical signals. The Weighed Sentiment is at the median level, which indicates that there is uncertainty regarding whether Neiro will continue to rise or encounter additional selling pressure. The coin’s substantial rally has resulted in a decrease in supply outside of exchanges, which suggests that some investors have taken profits. But for the successful traders, there is still a glimmer of hope. Using the Binance Top Trader Long/Short ratio, 58% of traders are still net long on Neiro and thus expect an extended ascent. Traders will be watching above resistance at $0.0027 and support at $0.0017 over the next days to see how the memecoin goes forward. Over the past month, Neiro has recorded 18 out of 30 green days, or 60%, with a notable price volatility of 26.66%. These factors suggest that now may be an opportune time for potential buyers. Looking Ahead: Is A Bigger Rally Possible? As Neiro’s volatility plays out, traders should track important support and resistance levels for now. The next significant movement for this high-flying memecoin might go either way since both technical indicators and market mood give conflicting signals. Featured image from KuCoin, chart from TradingView

Ethereum price started a fresh increase above the $2,550 resistance. ETH is gaining pace and might soon clear the $2,650 resistance. Ethereum started a fresh increase above the $2,520 and $2,550 resistance levels. The price is trading above $2,580 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,535 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rally if it clears the $2,650 and $2,680 resistance levels. Ethereum Price Eyes More Upsides Ethereum price extended its increase above the $2,550 resistance like Bitcoin. ETH cleared the $2,600 and $2,620 resistance levels. The price even spiked above $2,650 before there was a downside correction. There was a move below the $2,640 level. The price tested the $2,540 zone. A low was formed at $2,538 and the price is again rising. There was a move above the $2,580 resistance. The price climbed above the 50% Fib retracement level of the downward move from the $2,684 swing high to the $2,538 low. Ethereum price is now trading above $2,600 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $2,535 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,630 level. The first major resistance is near the $2,650 level or the 76.4% Fib retracement level of the downward move from the $2,684 swing high to the $2,538 low. A clear move above the $2,650 resistance might send the price toward the $2,680 resistance. An upside break above the $2,680 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,880 resistance zone in the near term. The next hurdle sits near the $2,950 level or $3,000. Another Decline In ETH? If Ethereum fails to clear the $2,650 resistance, it could start another decline. Initial support on the downside is near the $2,600 level. The first major support sits near the $2,535 zone and the trend line. A clear move below the $2,500 support might push the price toward $2,450. Any more losses might send the price toward the $2,400 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,535 Major Resistance Level – $2,650

Bitcoin price started a fresh rally above the $65,500 resistance zone. BTC is now consolidating and might clear the $68,000 resistance to continue higher. Bitcoin is up over 7% and now shows a lot of positive signs. The price is trading above $66,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $66,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if there is a close above the $68,000 resistance zone. Bitcoin Price Surges Over 8% Bitcoin price remained supported and started a fresh increase above the $65,500 resistance. BTC cleared the $66,500 resistance to move into a positive zone. The price even rallied above the $67,000 and $67,500 resistance levels. Recently, there was a downside correction to $64,500. A low was formed at $64,686 and the price is again rising. There was a move above the $66,500 resistance. The price climbed above the 50% Fib retracement level of the downside correction from the $67,871 swing high to the $64,686 low. Bitcoin price is now trading above $66,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $66,400 on the hourly chart of the BTC/USD pair. On the upside, the price could face resistance near the $67,400 level. The first key resistance is near the $67,800 level. A clear move above the $67,800 resistance might send the price higher. The next key resistance could be $68,800. A close above the $68,800 resistance might initiate more gains. In the stated case, the price could rise and test the $69,500 resistance level. Any more gains might send the price toward the $70,000 resistance level. Another Decline In BTC? If Bitcoin fails to rise above the $67,800 resistance zone, it could start another decline. Immediate support on the downside is near the $66,400 level and the trend line. The first major support is near the $65,500 level. The next support is now near the $64,500 zone. Any more losses might send the price toward the $63,200 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $66,400, followed by $65,500. Major Resistance Levels – $67,800, and $68,800.

Bitcoin surged over 5% yesterday, following a positive day across the crypto market. This sudden price boost has sparked optimism among investors and analysts, anticipating even bigger gains in the coming months. Market sentiment is improving alongside price action, fueling hopes for a sustained rally. Key data from CryptoQuant suggests that Bitcoin demand is rising, supporting the idea that Bitcoin could continue to climb. This growing demand and the improving market sentiment create a favorable environment for bullish momentum. Continuing the recent price surge could set the stage for Bitcoin to reach new highs, while any hesitation might lead to further consolidation. Either way, market participants are eagerly awaiting the next major move. Bitcoin Open Interest Reaching New Highs After surging to test local highs, Bitcoin is at a critical turning point, setting the stage for a potential rally that has analysts and investors optimistic. The price has surged over 12% in less than a week, reflecting renewed bullish sentiment in the market. This upward momentum has sparked hopes of continued gains, with many speculating that Bitcoin is on the verge of a significant breakout. Top crypto analyst and investor Ali Martinez recently shared a compelling CryptoQuant chart, revealing that Bitcoin’s open interest across all exchanges has just hit a new all-time high of $19.75 billion. This spike in open interest often precedes large price moves, signaling heightened activity and more capital at stake in the market. A surge in open interest suggests that traders are positioning themselves for significant price action, potentially adding more fuel to the current rally. The data from CryptoQuant supports the growing bullish outlook for Bitcoin, as it suggests that investors and traders are increasingly confident in the asset’s near-term performance. Bitcoin could be on track to test new highs if this momentum continues, paving the way for a broader market rally. As the market eyes this critical juncture, the next few days will be crucial in determining Bitcoin’s trajectory. BTC Pushing Local Highs Bitcoin is trading at $65,600 after consolidating following yesterday’s surge to local highs. The price is eyeing the crucial $66,500 resistance level, which, if broken, could send BTC to new all-time highs. This resistance has been a key barrier for Bitcoin, and a successful push above it would confirm the bullish momentum and likely lead to further gains. BTC is now trading well above its 200-day moving average (MA) at $63,336, further solidifying the positive outlook for Bitcoin in the coming weeks. Holding above this MA is a strong indicator that the bulls are in control. The market is poised for a potential rally. However, for Bitcoin to continue its upward trajectory, it must break the $66,500 level and set a new high. On the downside, if BTC fails to surpass this resistance, a retrace to lower demand levels around $62,000 could occur, which would still be a healthy correction within the broader uptrend. The market remains optimistic, but the next few days will determine whether BTC can maintain its momentum or face a short-term pullback. Featured image from Dall-E, chart from TradingView

Among the various altcoins in the market, the Solana price has been performing relatively well, experiencing slight price surges here and there. Based on a crypto analyst’s prediction, Solana could be creating up for a major bull flag that could send its price to new all-time highs above $1,000. It’s important to note that Solana is currently trading at less than one-ninth of this projected price target of $1,400. SOL Bull Flag Points To $1,400 Price Increase A crypto analyst on X (formerly Twitter) identified as ‘Titan of Crypto,’ has shared a bullish forecast for Solana, predicting its rise to astronomical highs. The analyst predicted that Solana could see its price jump to $1,400 soon. In a comprehensive chart analysis of Solana’s price movements from 2023 till date, the analyst identified a well-defined bull flag pattern, which he described as “massive.” According to Titan of Crypto, the formation of this bull flag signals the potential for a major rally in the coming weeks and months. In the Solana price chart, the analyst traced the unique flag pattern, which began forming before October 2024. He extended the pattern into 2025, emphasizing that the flag would likely emerge around the end of 2024 or the beginning of the next year, before continuing its development through to October 2025. If SOL can successfully complete this pattern without experiencing significant price declines, the crypto analyst expects the top altcoin to reach new all-time highs at $1,429 by 2026. However, a more conservative price projection was given by another crypto analyst, who suggested that a $1,000 price surge based on the Heads and Shoulders technical indicator was a more realistic price target for Solana. Echoing this sentiment, Titan of Crypto disclosed that Solana’s Fibonacci extensions currency suggests a potential move towards the $1,400 price mark. While maintaining his bullish outlook for SOL, the analyst acknowledged that a $1,000 price target is also possible. He adjusted his previous forecast, stating that he expects Solana to see a price increase around the $1,000 range. Titan of Crypto has also confirmed that if Solana can pull off this projected price surge, its current market capitalization of $72.7 billion could potentially double, surpassing Ethereum’s market cap, which currently stands at $315 billion. Solana Price Fundamentals Remain Strong While analysts expect Solana to experience a bullish move soon, the cryptocurrency has also been showcasing strong price fundamentals amidst market volatility and previous declines in the Bitcoin (BTC) price. The price of Solana is currently trading at $154.92, marking an 8.59% increase over the past week. The popular altcoin has already experienced another 1.75% price surge in the last 24 hours, underscoring investors’ positive outlook and sentiment for Solana.

Crypto prices are printing higher. Bitcoin, for example, broke above $66,000 before cooling off earlier today. Like the world’s most valuable coin, Solana and its meme coins are trending higher. According to Coingecko, SOL trades above $150, adding nearly 7% in the previous trading week. Meme Coins Soaring But PELF Deployer Dumping The lift-off in Solana has seen some of its ecosystem tokens massively benefit. Among the many, Solana-based meme coins continue to rip higher. According to Coingecko, three Solana meme coins, including Popcat and DogWifHat, now command a market cap above $1 billion. While investors are closely tracking the performance of Popcat, the first cat-themed meme coin to break above the $1 billion level, some whales are fading the current bull run. One analyst, citing Nansen data, observes that the deployer of the PELF, a meme coin on Solana, is offloading. Initially, the deployer received 247 million PELF for 82 SOL worth $12,516. Later, the addresses received another 39.13 million PELF. According to on-chain data, the address has sold 3.2 million PELF for 662 SOL. Although analysts believe the deployer might have offloaded more tokens through other unknown addresses, the whale currently owns over $7.8 million worth of PELF at spot rates. Usually, any liquidation by a whale is considered bearish and might significantly influence price action. Retail traders, some interested in meme coins, often closely monitor the accounts of known whales, including deployers. If they choose to sell, moving tokens to a DEX, speculators will also look to sell before prices tank. Will Improving Crypto Sentiment Drive Demand? PELF remains in an uptrend, judging by the formation in the daily chart. The token is up nearly 300% from September lows. However, PELF is inside a broader range and down from its March 2024 highs. If buyers are to take charge, there must be a confirmation of October 14 gains. In that case, PELF could break above $0.0008101, bottoming out from Q3 2024 lows. Improving crypto sentiment could lift meme coins, driving them to new valuations. As of October 15, the total market cap of Solana meme coins exceeds $10.9 billion. Interestingly, they continue to grow in strength, looking at the number of Solana meme coins breaking into the top 10. According to Coingecko, Dogecoin is still the most valuable. However, DogWifHat, Bonk, and Popcat are now among the top 10, flipping Floki, Neiro on Ethereum and Brett.

Cryptocurrency market sees positive inflow for third consecutive day. XRP price nears $0.560 resistance, trading at $0.54. Technical indicators show mixed signals, with potential targets at $0.630 or $0.4880. Ripple’s XRP finds itself at a critical juncture as the cryptocurrency market enters the third week of October on a positive note. With the broader market experiencing its third consecutive day of positive inflows, major tokens have regained upward momentum in their valuations. XRP, currently trading at $0.54, stands on the verge of a potential breakout from its crucial resistance zone around $0.560. With a trading volume of $1.198 billion and a market capitalization of $30.7 billion, XRP maintains its position as a significant player in the cryptocurrency ecosystem. XRP technical indicators shows mixed picture Technical indicators present a mixed picture for XRP’s near-term prospects. The 50-day and 200-day Exponential Moving Averages (EMAs) have shown a notable downtrend in recent days, acting as resistance to price action. The potential formation of a “Death Cross” – where the short-term moving average crosses below the long-term moving average – suggests weakening buying pressure in the market. Further complicating the technical landscape, the Relative Strength Index (RSI) has struggled to breach the neutral point on the daily timeframe. This failure, coupled with a sharp decline in RSI values, hints at the possibility of a bearish crossover. These technical signals collectively point towards a potentially negative outlook in the short term. Looking ahead, XRP’s price trajectory hinges on its ability to overcome the $0.560 resistance zone. A successful breakout could pave the way for a rally towards the $0.630 level in the coming weeks, aligning with the optimistic “Uptober” sentiment.