As blockchain-backed digital assets that are anchored to fiat currencies or other assets, stablecoins have become more popular in the global financial scene. These digital currencies promise to transform international finance by providing stable, transparent, and effective cross-border transactions. But because of their quick expansion, regulatory agencies all over the globe are now creating frameworks that strike a balance between innovation and consumer protection. Binance Research has released a report titled “Overview of Global Stablecoin Regulation” to shed light on this development. Facebook’s Libra project in 2019 marked the beginning of stablecoin regulation, which picked up speed after Terra UST’s demise in 2022. Different countries have different regulatory strategies, ranging from the EU’s extensive Markets in Crypto-Assets (MiCA) legislation to the UK’s phased measures. Frameworks for regulating this new financial product are also being introduced in other areas, such as Singapore and Dubai. These initiatives seek to promote the development of blockchain technology and provide legal certainty. There are three types of stablecoins: The most common and regulated is Real-World Asset-Linked, which is supported by fiat currencies. Digital Asset-Backed (supported by cryptocurrency assets such as Ether or Bitcoin). Due to their high risk, several governments have openly banned algorithmic stablecoins, which have lost appeal with the demise of Terra UST. Depending on their underlying assets, stablecoins are classified as either asset-referenced tokens (ARTs) or electronic money tokens (EMTs) under the EU’s MiCA framework, which provides a standardized legal environment. To avoid financial instability, MiCA has strict reserve, governance, and transparency standards. Market players like Circle, which is growing its euro-backed stablecoin EURC across Europe, have been drawn to the rule due to its clarity. In contrast, there is no one federal framework in the United States, and different agencies, such as the SEC and CFTC, implement different rules. If approved, the Lummis-Gillibrand Payment Stablecoin Act would integrate stablecoins with the current financial system, increasing stability. Guidelines allowing banks to issue stablecoins have been released by the Office of the Comptroller of the Currency (OCC), which may help close the gap between regular banking services and digital assets. Fiat-backed stablecoins are the primary emphasis of the UK’s regulatory approach, with laws for other kinds being phased in later. Singapore introduced a single-currency stablecoin regulatory environment aimed at guaranteeing value stability via strict reserve and liquidity requirements, while Japan has also established strong frameworks. Stablecoins, which are backed by reserves or trusted assets, may only be issued by licensed banks and trust businesses in Japan due to recent legal developments. Due to the implementation of certain stablecoin regimes, Dubai and the United Arab Emirates have emerged as leaders in the virtual asset industry. Regulations that differentiate between local and international stablecoins have been transferred from Dubai’s Virtual Assets Regulatory Authority (VARA) to the Central Bank of the United Arab Emirates. Regulations around stablecoins are changing quickly because of international debates over innovation and consumer protection. Cooperation between regulators and industry players will be crucial as the regulatory environment changes to guarantee that stablecoins support stability and financial inclusion.

Singapore, Singapore, October 15th, 2024, Chainwire Popular Memecoins continue to play an influential role in the cryptocurrency market. For exchanges like MEXC, these assets not only increase platform visibility but also provide valuable data on user activity and trading volumes. According to CoinGecko, MEXC ranks as the top platform globally for Memecoin offerings, with over 240 listed pairs, positioning it as the leader in Memecoin variety. With a comprehensive selection of cryptocurrencies, MEXC has emerged as an industry frontrunner. The exchange offers over 3,000 spot trading pairs and more than 500 futures pairs, allowing users to access a diverse range of trading options. This extensive variety appeals to the growing number of users seeking to explore different asset classes, particularly Memecoins. Understanding Memecoins Memecoins are a unique type of cryptocurrency influenced by internet culture and social media trends. Typically community-driven and high in volatility, Memecoins often embody humor or satirical elements from popular internet memes. While their value can fluctuate based on market sentiment, Memecoins remain popular among certain investor groups, though caution is advised due to their inherent risks and limited practical application. Market Movements and Earning Potential on MEXC Data from MEXC indicates notable price surges among Memecoins. For instance, the top 15 Memecoins on MEXC have recorded gains of over 1,400%, with the top 5 seeing increases exceeding 28,000%. MEXC’s rapid listing mechanism is designed to support new and emerging Memecoins, allowing users to trade these tokens in their early stages. One notable example is the BONK token, which MEXC listed in early January 2023. Initially priced at 0.075 USDT, BONK reached a high of 0.05139 USDT on its launch day, resulting in a 2,680% increase. Although the token later experienced price adjustments due to market volatility, BONK’s price surged again following its listing on Binance in December 2023, recording a significant gain from its initial price. Similarly, the recently listed NeiroCTO token saw impressive growth following its initial MEXC listing. Starting at 0.0{4}5 USDT, NeiroCTO surged to a peak of 0.00044012 USDT, yielding a 780.24% increase. MEXC users benefit from such early access, as the platform’s efficient listing process enables them to capitalize on potential market movements. Advantages of Trading on MEXC MEXC has built a reputation as a secure and reliable exchange for users around the globe. The platform offers several advantages: Extensive Token Variety: MEXC leads the industry in cryptocurrency selection, listing many assets at an early stage. This enables users to participate in emerging trends like Memecoins right from their debut. Trading Efficiency: MEXC is designed to support stable transactions and competitive spreads across various trading volumes. Competitive Fees: MEXC offers some of the lowest trading and transfer fees in the industry, allowing users to maximize their returns. MX Airdrop Rewards: Users can participate in MX token airdrops, which have an annual yield of up to 66.5%, providing additional incentives for users trading on the platform. About MEXC Established in 2018, MEXC serves over 10 million users globally, offering a wide array of cryptocurrency trading options and a reputation for low trading fees, liquidity, and industry-leading APY on MX airdrops. MEXC supports a professional trading environment with around-the-clock customer service and multilingual assistance for its user base. Disclaimer Cryptocurrency and Memecoin investments carry significant risks, and past performance is not indicative of future results. MEXC encourages traders to conduct their own research and carefully assess their risk tolerance. Contact Operation Manager Lucia MEXC [email protected]

East Hampton, United States, October 15th, 2024, Chainwire Fission Labs Announces $1.6M Pre-Seed Raise led by SALT Fund, Kraynos Capital; Launches Closed Testnet to Bring VC to DeFi Fission announced today its $1.6M pre-seed funding round led by SALT Fund and Kraynos Capital, with participation from Anthony Scaramucci (Skybridge). Fission, the first DeFi application built to bring venture capital on chain, launched its testnet today on Ethereum. The platform opens a new venue where crypto natives as well as traditional finance participants can invest in and trade private equity-backed tokens, beginning with Fission’s VC secondaries token, TECH. Fission is a global investment platform that simplifies the process of buying and trading private ventures with just a few clicks. Fission offers an end-to-end integrated technology stack that is optimized for bringing private equities on-chain—through tokenization, decentralized exchange, decentralized lending, and automated liquidity provider infrastructure. Investors can easily purchase and trade tokens, backed by top-tier VC-funded companies. Central to Fission’s mission is its robust global community. This is a hands-on opportunity for the community to build Fission’s protocol. To learn more about Fission, or to request access to Fission’s testnet, users can go to: Fission.xyz. About Fission Fission is the first DeFi application built for VC products on Ethereum that integrates tokenization, trading, lending, and automated liquidity provisioning into a simple, intuitive, end-to-end solution. The founders are seasoned CeFi and DeFi experts from Point72, MakerDAO, and Compound and our partners are market leaders in the space. Our mission is to simplify private equity investing for a global community, offering users liquidity and boosted returns. Users can follow Fission on Twitter (X) | LinkedIn Contact CEO Jonathan Shaffer Fission Labs [email protected]

Phlomis Finance plans to use Chromia‘s relational blockchain infrastructure and its custom-built Chromia Real World Assets Protocol (CRWA) to provide cutting-edge tokenization solutions for real-world assets. The project seeks to capitalize on a rapidly expanding sector and is being fostered by the Swedish blockchain firm ChromaWay. The platform seeks to provide crypto investors with access to a variety of traditional financial credit, debt, and equity instruments that have hitherto only been available via well-established financial institutions by tokenizing real-world assets. This strategy aims to lower obstacles and facilitate access to large-scale, institutional-grade assets, such as private credit offerings, climate-focused projects, and international infrastructure projects. The platform will tokenize top funds in Europe and Asia with an emphasis on “resilient investing.” The platform will increase financial and impact outcomes as well as transaction on-chain transparency. Financial markets are expected to undergo substantial changes as a result of the convergence of digital assets and conventional asset classes, including as debt, stocks, real estate, and fiat currencies. Big firms like BlackRock and Bank of America are already realizing how revolutionary this change has the potential to be. Using Chromia’s Real World Asset Protocol is a key component of Phlomis Finance’s approach. There are clear benefits to this approach for tokenizing physical assets. Henrik Hjelte, co-founder of Chromia, stated: Todd Miller, Managing Director of Phlomis, emphasized the challenges that current RWA solutions face, noting: In Q4 2024, Phlomis Finance plans to offer its first tokenized products after launching its website to the public.

Gomble Games, the blockchain division of 111%, has unveiled Launchpool #2, an immersive gaming experience that combines solo gameplay with social team strategies. The GOMBLE SQUAD, a vibrant social gaming platform that fosters teamwork, and EggDrop, a popular hyper-casual game with over 650,000 monthly active players, are integrated in this fresh initiative. The latest iteration, which follows the success of the first Launchpool, includes a dual mechanism that merges the gameplay of EggDrop with the social gaming portal GOMBLE SQUAD. In addition to the overall accomplishments of their SQUAD in GOMBLE SQUAD, players can earn rewards depending on their success in EggDrop. By combining team strategy with individual talent to create engaging and rewarding gameplay, Gomble hopes to increase player engagement. Chris Chang, CBO at Gomble Games stated: Players must carefully drop eggs in EggDrop, an entertaining and very casual game on Telegram that blends simplicity and intense rivalry. The monotonous tap-tap format is broken up with EggDrop, which adds rewards and a strategic PVP gaming aspect. Players may create teams, or SQUADs, using the social gaming portal GOMBLE SQUAD, which is compatible with all of Gomble Games’ games and ecosystem. Players may collaborate, plan, and get rewards depending on the success of their team thanks to this platform’s innovative features. Chris stated: Gomble Games is still committed to fusing cutting-edge Web3 technology with classic gaming. Gomble upholds its goals of providing players with engaging gaming, encouraging community development, and optimizing rewards via Launchpool #2.

New York, New York, October 15th, 2024, Chainwire With the cryptocurrency market entering the final quarter of the year with major bullish momentum, the emerging altcoin platform DTX Exchange (DTX) has made a strong impact. The DeFi platform has raised over $4.75 Million weeks earlier than expected. This early success reflects growing interest in platforms that offer access to a diverse range of assets, including cryptocurrencies, equities, and real-world assets (RWA), under a unified trading system. Innovative Multi-Asset Platform Meeting Market Demand Despite the entry of financial giants like Blackrock and Morgan Stanley into the decentralized world, there is still a lack of a unified platform that integrates conventional assets like equities, stocks, and bonds with decentralized assets like cryptocurrencies. DTX Exchange has aimed to bridge the gap between traditional and decentralized financial markets by allowing users to trade over 100,000 assets on a single platform. This innovative solution makes it possible for traders to access a wide variety of assets under a single platform with minimal trading fees. The global cryptocurrency industry is worth $2 trillion alone, with the broader equities market having over $90 trillion worth of assets. By enabling the trading of these assets, DTX provides traders with the chance to enhance liquidity. The DTX team aims to attract the attention of millions of retail and enterprise traders through this unique feature. Notable Presale Participation and Platform Development DTX Exchange’s presale has seen considerable early participation across its initial rounds. The first round raised approximately $300,000 in a short period, while the second phase exceeded $1 million in total funds raised. The third presale round concluded ahead of schedule, with the platform raising over $4.75 million across all rounds to date. During this time, the token price increased from $0.01 to $0.08, reflecting initial interest in the platform’s offerings. Platform Features and Future Product Expansion DTX Exchange credits its early adoption to its unique product offerings, including: VulcanX Blockchain – This privacy blockchain powers the DTX ecosystem and is the first unified blockchain to support conventional financial assets. With a throughput of over 100,000, this blockchain is expected to power the next decentralized applications of the future. DTX Unified Wallet – The DTX Unified Wallet is the first crypto wallet to support forex, equities, and crypto assets under a single secure application. The product is expected to add features like P2P asset trading and portfolio management tools. Enterprise RWA Platform – DTX is onboarding conventional assets on the blockchain through the Real World Assets (RWA) builder platform. DTX Exchange Sells Out Round 3 In Days In the most recent development, the ongoing presale has sold over 50 million tokens and raised $3 million to sell out the 3rd round weeks ahead of schedule. The DTX team is now raising the token price, giving investors another opportunity to join the presale and secure DTX tokens before they launch on public exchanges. Open Public Trading and Ecosystem Expansion DTX Exchange has outlined its plans to make DTX tokens available for open public trading following the launch of the VulcanX blockchain. With a growing community of over 70,000 members, the platform is preparing for broader accessibility, which may help increase its reach and user base significantly upon public launch. Additionally, DTX also has an active developer community that is actively developing new products. Exploring the DTX Ecosystem – Key Products Aside from offering a suite of trading features, DTX Exchange is expected to offer a wide range of products to developers and enterprise players in the finance world. Some notable products include the Real World Asset (RWA) tokenization tool that allows stakeholders in the Real Estate industry to tokenize assets and introduce new models of investment in illiquid assets. Additionally, DTX is expected to launch the DTX Unified Wallet, which allows holding stocks, cryptos, and forex assets. Additionally, future plans include holding the Digi-Hackathon to improve platform security and integrity. DTX Exchange: Unifying Digital Assets with Strong Growth Potential With the unique approach DTX Exchange has taken to unifying digital assets, its presale performance comes as no surprise. Built on the VulcanX blockchain, the platform is designed to improve transaction capacity compared to many layer-1 blockchains. Given the rapid pace of the presale sold, the altcoin could mirror the past trajectory of other cryptos that had exponential rallies. In the past, projects like Solana, Cardano, Polygon, and Dogecoin have all surged from small-scale altcoins into multi-billion dollar projects that have become household names. DTX Exchange aims to fulfill its potential and turn into a major powerhouse in the coming months. Investors can still become an early part of the DTX Exchange community. With a current price of $0.08 and a listing price of $0.20, investors are poised to enjoy growth in value in the coming months. With broad applications for the financial sector, DTX aims to become the cornerstone of the DeFi industry and carve out a sizeable portion of the $2 Trillion trading industry. Users can learn more: Users can buy Presale here Users can visit DTX Website here Users can join The DTX Community Contact DTX Exchange [email protected]

Bitcoin price surpassed its key resistance at $65K in the last 24 hours. The cryptocurrency’s daily trading volume surged 26.64% as per CMC data. Bitcoin price action is the day’s breakfast convo for crypto community members. The cryptocurrency has begun to recover to its previous price levels at the $60K range. Meanwhile, the web3 community is also awaiting several token unlocks this week, including the WLFi token from Trump’s DeFi project. When reverting attention to the market price actions, following Bitcoin, Ethereum, Solana, and XRP have also turned bullish. Meanwhile, new top performers such as SUI and WorldCoin have also experienced price breakouts in the past few days. Notably, Bitcoin has factored in an additional 1.23% price increase in the past day. Moreover, BTC crossed its significant $65,000 resistance level during the Asian evening hours of October 14. At the beginning of the day, the cryptocurrency had rallied to $64K but showed modest struggles to surpass the aforementioned resistance. However, in the following hours, Bitcoin began showing consistent upward movements to hit a 17-day high at $66,414. At the time of writing, Bitcoin was trading at $65,544 per CMC data. Relatedly, the US spot Bitcoin ETFs also recorded the highest single-day inflows since October 1. According to Sosovalue data, the ETP products witnessed $555.86 million in inflows. Fidelity Investments’ FBTC ETF recorded the highest with $239.25 million inflows among the 12 ETFs. Bitcoin Price Weekly Overview According to Bitcoin’s weekly price chart, the cryptocurrency shows a price increase of 5.12%. This increase has been accounted for as a modest bounce back from its consolidation phase at the $50K range. At the beginning of the week, Bitcoin traded at $62,180 and as the days progressed it revisited its previous support level at $58,895. However, due to the bullish takeover, the cryptocurrency moved upwards to current trading levels. Subsequently, BTC’s market sentiment depicts a buying pressure as indicated by the RSI standing at 61.65. BTC/USD Daily Price Chart (Source: TradingView) Moreover, the digital asset’s bull power indicator value of 1.53 stands above the bear power indicator value of 0.47 as per TradingView data. This highlights Bitcoin’s existing bullish trend and has been interpreted by the community as an indicator of a price rally. Finally, if Bitcoin falls in line with the market analyst predictions it can be expected to reach new trading levels that lie closer to ATH of $73,750. Highlighted Crypto News Today: Bitgert (BRISE) Sets Sights on New Highs as Bulls Charge Ahead

Ethereum enters the $2.6K range, over the past 24 hours. The Monochrome Ethereum ETF (IETH) began trading on the Cboe Australia exchange. The largest altcoin, Ethereum (ETH), has briefly recovered from the significant downside pressure. The asset’s price remains caught between crucial resistance levels; it recently surged to the $2.6K range. Notably, over the past 24 hours, ETH witnessed a moderate spike of 3.13%. At the press time, ETH traded at $2,617 with a market cap of $314 billion. Over the day, ETH recorded the lowest price at $2,529 and the highest at $2,652, as per CMC data. The market observed a liquidation of $30.22 million worth of ETH during this timeframe, as per CoinGlass data. Besides, the daily trading volume of Ethereum has increased by 29.56% to $19 billion. On the other side, Monochrome Asset Management has launched the Monochrome Ethereum ETF (IETH). This is Australia’s first exchange-traded fund (ETF) that provides direct access to Ethereum. The ETF will be available on Australian brokerage platforms, with zero transfer fees and no capital gains tax implications, assuming no change of beneficial ownership. Will the Current Momentum Persist? ETH observed a notable decline of over 7.20%, trading at a low of $2,333 in the last seven days. The asset’s price opened the week by trading at $2,431, and stood in the range-bound between $2.3K and $2.5K range. The four-hour technical chart of ETH displayed the daily relative strength index (RSI) at 59.50, staying in the neutral zone in the market. Besides, the daily frame of the asset highlights the brief bullish state as the short-term 9-day and 21-day moving averages are noted below the current price at $2,472 and $2,501, respectively. Looking ahead, Ethereum’s price might climb if the upside correction continues. The asset might rally to a high of $2,726, and possibly could target even higher. Conversely, if the asset falls below $2.5K, it may enter into a period of consolidation.

Bitgert (BRISE) has recently experienced notable upward momentum, surging by 6.53% in the last 24 hours, according to CoinMarketCap. Its current price stands at $0.0000008099, backed by a market cap of $32.05 million. The trading volume has also increased by 7.92%, reaching $1.17 million. In line with recent market sentiment, a tweet from Jeffrey highlighted the potential for a BRISE rally, supported by growing momentum and interest. Given the current market conditions, Bitgert’s price could see further upside, especially if the broader cryptocurrency market continues its upward trajectory.Bitgert (BRISE) is currently showing promising bullish momentum, with key indicators such as moving averages and RSI signalling potential for further gains. BRISE Outperforms Ethereum ETH Today Additionally, BRISE is currently moving ahead of Ethereum (ETH) today, contributing to the growing bullish sentiment surrounding this token. BRISE has managed to break above its 9-day moving average, which is currently at $0.000000770, and its 21-day moving average at $0.000000742. This shift suggests that these levels could act as new support zones, providing some stability for future price movements. The fact that the price is now trading above these moving averages indicates a bullish trend. A closer look at the Relative Strength Index (RSI), which currently sits at 54.65, shows that BRISE is in a neutral to mildly bullish zone. This level is higher than its RSI average of 40.04, indicating that buying pressure is building. The RSI isn’t yet overbought, meaning there could still be room for additional upward movement before any potential correction. For traders, the key support level to watch is $0.000000770, which aligns with the 9-day moving average. A break below this could signal a short-term retracement, possibly leading the price back to $0.000000700. However, the key resistance level is located at $0.000000884. If BRISE manages to break above this level, it could test higher resistance at $0.000000950, which would confirm further bullish momentum. Traders should monitor these levels carefully, as a clear breakout could signal another leg up for the token. Traders should be cautious, though, as the RSI, while not overbought, is approaching levels where consolidation or slight pullbacks may occur before the next move up. However, traders should keep an eye on the $0.000000884 resistance level and monitor for any breaks above or below the identified support levels to confirm the next price direction. Should the market maintain its current trajectory, BRISE could push towards $0.000000950 or higher. Highlighted Crypto News Today Metaplanet Shares Surge 16% After Major Bitcoin Acquisition

Crypto options trading surged to $1.2 billion in 24 hours. Bitcoin puts dominated with $530 million traded, highlighting bearish sentiment. The cryptocurrency options market witnessed a significant uptick in activity following a sustained rally, with over $1.2 billion worth of trades executed within 24 hours. Bitcoin puts dominated the market, representing $530 million in trades, nearly a quarter of the total volume. Among the most notable transactions was a deep-deflated calendar trade involving 500 contracts. The trade saw the sale of BTC-28MAR25-40000-P puts for ฿0.0130 per contract, with an implied volatility (IV) of 60.50%, amounting to $66 million in notional value. At the same time, 500 BTC-27DEC24-40000-P puts were bought at ฿0.0042 per contract, with an IV of 67.85%. This strategy allowed the trader to collect $300,000 in premiums. However, the exact motive behind the move remains unclear, reported the prominent data aggregator, Greeks live. Meanwhile, this surge in block trades highlights the continued strength of options sellers in the market, with bearish sentiment still prevailing. Despite the substantial volume of put options being traded, their lower cost suggests that many traders are not necessarily predicting a steep downturn. Instead, they appear to be hedging their positions or seeking to profit from the current volatility. Bears To Overrule In Coming Days? Bitcoin’s recent rally to a two-week high of $65,700, marking a 1.4% gain in the last 24 hours and a 10% rise over the past month, has added to the momentum. ETH also saw a 3.1% surge in the same period, bringing its price to $2,617, with a monthly increase of 8%. With trading volumes for both BTC and Ethereum up by 34% and 31% respectively, market sentiment appears cautiously optimistic. However, the dominance of options sellers, particularly in put options, suggests that bearish positions remain a key part of the current market landscape moving forward. Highlighted News Of The Day Metaplanet Shares Surge 16% After Major Bitcoin Acquisition

Price movement of XRP has been slow recently; it stays about $0.53 and shows a 7% drop over the previous month. Many investors are becoming frustrated as they see the altcoin stagnating after a bit of an increase recently. Despite the weak performance, technical analysts are starting to see possible signals of a major change despite the negative vibe; if XRP effectively crosses an important Fibonacci retracing level, they project a strong recovery. Market analyst “Random Crypto Pal” thinks XRP is about to break out in an “explosive” manner. On social media, he shares his observation and emphasized the significance of the 0.236 Fibonacci level, which XRP has not yet hit but is approaching. Should this level give way, he expects a price explosion similar to the one it observed in 2017. The Trajectory Of XRP Towards $0.80 The Fibonacci level of 0.236 analysts have on their radar would see a price that is slightly above $0.80. XRP is currently trading at $0.548, so an approximate gain of 45% would be needed to be achieved in order to bring about a price for that. When it reaches this threshold of $0.80, the huge returns may appear rather quickly for the coin. In 2017, XRP broke above the resistance of 0.236 Fibonacci and continued on a long rising trajectory that topped at an all-time high in January of 2018. The historic parallel gives analysts hope that history may repeat, but unless XRP is able to break this resistance level it is not really possible to predict whether or when the rally might occur, nor the magnitude of the price increase. Ripple’s Legal Dispute A primary obstacle that may mitigate this confidence is XRP’s protracted legal dispute with the US Securities and Exchange Commission (SEC). The ambiguity over this litigation persists in affecting investor sentiment. The SEC has classified the majority of altcoins as investment contracts; nonetheless, XRP has endured the most intense scrutiny, rendering it one of the most legally complicated digital currencies available. The decision of the court that XRP is not a security constituted a major victory for Ripple Labs, but it has almost been challenged by an appeal from the SEC. The ongoing lawsuit between Ripple and the SEC gives uncertainty over how long the cryptocurrency would face this uncertainty. Anticipation Of A Promising Future? XRP could, therefore, present the avenue of survival through institutional investment despite the judicial ambiguity. Bitwise and Canary Capital appear to believe in the coin by pushing for a US-based XRP ETF. This tool would definitely make XRP’s position better and may attract more investment. Furthermore, advancements on the XRP Ledger are fostering optimistic feeling among the community. The potential for XRP to surpass $0.80 and initiate a new surge is yet to be determined. Nonetheless, due to the influence of technical, legal, and institutional considerations, investors are closely monitoring forthcoming developments. Featured image from iStock/Getty Images Plus, chart from TradingView

Bitcoin experienced a significant surge, climbing from a low of $62,050 on Sunday to a peak of $66,500 late Monday. As of Tuesday, the BTC price is slightly correcting below this key resistance level, but hovering above $65,000. Several critical factors have contributed to the rally, including a short squeeze coinciding with the upcoming US elections, strong demand in the spot Bitcoin market, and substantial inflows into US spot Bitcoin Exchange Traded Funds (ETFs). #1 Short Squeeze And US Election Influence Yesterday’s price surge can be partly attributed to the liquidation of leveraged short positions. Singapore-based trading firm QCP Capital writes in their latest investor note that nearly $80 million worth of Bitcoin and Ethereum leveraged shorts were liquidated, applying upward pressure on the market. While some speculate that the postponement of Mt. Gox’s repayment deadline to October 2025 played a role, this news was already published on Friday, suggesting other factors were at play during Monday’s rally. “Although there could be many factors that could explain today’s move, it is quite an interesting time if we look at historical price action. We are in the middle of October and just three weeks away from the US elections,” QCP Capital notes. In both 2016 and 2020, Bitcoin remained in a tight trading range for months before initiating a significant rally approximately three weeks before the US Election Day. In 2016, Bitcoin doubled in price from $600 by the first week of January following the election. Similarly, in 2020, it surged from $11,000 to a high of $42,000 by January. This year, October—often referred to as “Uptober” due to its historically strong performance—has been underwhelming, with Bitcoin up just 1.2% compared to an average of 21%. The current rally, occurring three weeks before the US elections, suggests that history might be repeating itself, potentially leading to further price appreciation as investor optimism builds. #2 Strong Demand For Bitcoin For the first time since mid-2023, Bitcoin’s buy orders are matching sell orders in spot market order books across exchanges. Ki Young Ju, Founder and CEO of CryptoQuant, highlighted this development via X: “Bitcoin buy walls on all exchanges are now strong enough to neutralize sell walls.” This shift marks a significant change from the trend observed since May 2021. “Data from the last cycle (2020-2022). It’s the accumulated difference between quoted buy and sell volumes. Since May 2021, sell walls had been consistently thicker than buy walls until the end of the cycle,” Young Ju shared. #3 Surge In Spot Bitcoin ETF Inflows Monday witnessed one of the highest Bitcoin ETF inflows on record, totaling $555.9 million—the largest net inflow day since June 3. This substantial capital influx was spread among several major asset managers. BlackRock received $79.5 million, Fidelity attracted $239.3 million, Bitwise accumulated $100.2 million, Ark Invest saw inflows of $69.8 million and the Grayscale Bitcoin Trust (GBTC) experienced inflows of $37.8 million. Nate Geraci, President of The ETF Store and host of the ETF Prime podcast, commented on these inflows via X: “Monster day for spot btc ETFs… $550mil inflows. Now approaching *$20bil* net inflows in 10mos. Simply ridiculous & blows away every pre-launch demand estimate. This is NOT “degen retail” $$$ IMO. It’s advisors & institutional investors continuing to slowly adopt.” At press time, BTC traded at $65,750.

As the crypto landscape evolves, questions loom over Solana’s future in a market once dominated by its meteoric rise. In 2021, SOL captured headlines with astonishing gains, captivating investors and positioning itself as a potential cryptocurrency.However, with increasing competition, network challenges, and shifting investor sentiment, many are starting to wonder if Solana has already peaked. This article explores the reasons why SOL may struggle to replicate its past glory and identifies the altcoin (Rexas Finance) poised to take the spotlight in the ever-changing digital asset arena. Solana (SOL): A Prime Long Gone In 2021, Solana reached an explosive level of growth because it was one of the few blockchains providing high throughput at low costs. However, the relations on the market have changed greatly since then. The Strong contender has very much worked and penetrated the market with high throughput performing blockchains making it especially hard for Solana to shine. On top of that, Solana was also struck with some technical hiccups including network downtimes and performance saturation issues which do force one to question its sustainability and scalability. The regulation of cryptocurrencies is also getting stricter by the dashed as parts have started implementing laws that are considered as roadblocks to the growth of Solana. In addition- The market has shifted its attitude concerning Solana as was the case in 2021 where all attention was to eager investing, into a more subdued approach aimed at investing in potential projects that have merit and are applicable in the real world. Market saturation and competition, technical issues, legal issues, and negative investor sentiment — these facts make one think that Solana is already out of its juncture and will not go to the moon 10,000% as it did in 2021. The remains of investors concreted towards this cryptocurrency will have no option but to look into other emerging altcoins that are promising to shoot up and take the position of Solana. Rexas Finance (RXS): Revolutionizing Asset Ownership in the Blockchain Era Rexas Finance seeking to change the world opened up the possibilities of tokenizing the property. It allows them to transform into their own and interchangeable assets, such as real estate, commodities, and even works of art. By owning these high-value cross-border assets in fractionalizations, Rexas hedge fund managers and high-net-worth individuals can spread their investment portfolio. Nowadays rather than being confined to a particular asset, users can possess diversities of assets, for instance, real estate properties and paintings, in such a way as relieving their investment in the digital economy. Welcome to Rexas Finance which will help you to emerge into the new age of possessions, where every asset will be given in parts and become an opportunity for many. Rexas Finance (RXS): The New Stage Taker Rexas Finance (RXS) is poised to replace Solana as the next big player in the cryptocurrency market due to its innovative approach to simplifying investment in real-world assets (RWA). By allowing users to invest in expensive assets fractionally, Rexas Finance eliminates the need for tedious paperwork and overcomes geographical limitations, making it as easy as purchasing cryptocurrency. The token is currently experiencing a significant surge, rocketing past the third phase of its presale with a 69.2% rise from stage one to stage three. Predictions indicate that RXS will achieve a 300% increase, reaching $0.20, and an astounding 7400% increase by early 2025. As more people become aware of the benefits of owning fractional coins, the demand for RXS is expected to grow exponentially. Early investors are particularly well-positioned to benefit from additional lowering rates before the token’s price becomes progressive, making Rexas Finance a compelling contender to take over Solana’s spotlight. Rexas Finance (RXS): Ensuring Long-Term Glory Rexas Finance is making waves to retain its glory as it has already raised over $2.7 million in its just concluded stage 3 presale, with tokens at $0.050. Stage 4 opens with each token at $0.06. The token’s innovative offerings, such as the QuickMint Bot and GenAI platforms, are driving significant adoption of token and NFT AI technology, attracting a large and growing clientele. Positioned to tap into burgeoning markets like DeFi and NFTs, Rexas Finance provides a robust ecosystem featuring the Rexas Launchpad for funding rounds and the Rexas AI Shield for smart contract security. By simplifying investment in real-world assets (RWA) to the ease of cryptocurrency purchasing, Rexas Finance allows users to invest in expensive assets fractionally, eliminating the need for cumbersome paperwork and overcoming geographical limitations. The token is currently surging past the third phase of its presale, with a 69.2% rise from stage one to stage three, and is predicted to achieve a 300% increase, reaching $0.20, with an astounding 7400% increase by early 2025. The platform also raised a promotional giveaway of $1 million for its community gifting 20 lucky participants the sum of $50,000. This is done to enhance community participation on the platform during its presale session. Conclusion Solana grapples with its challenges and fading investor enthusiasm, Rexas Finance emerges as a formidable contender ready to seize the spotlight. By revolutionizing asset ownership through fractional tokenization, Rexas not only simplifies access to high-value investments but also addresses the demand for real-world asset integration in the crypto space. With a robust presale performance and innovative technology, Rexas Finance is positioned for exponential growth, potentially outperforming past giants like Solana. As the market continues to evolve, Rexas Finance stands out as a beacon for investors seeking promising opportunities in the new era of blockchain, marking a significant shift in the cryptocurrency narrative. 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 Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

The crypto world has discovered a new gem named IntelMarkets (INTL), which is all set to take the crypto world by storm. Powered by AI-based innovative technology, it is all set to generate loads of millionaires in the crypto world even faster than Dogecoin (DOGE). Analysts are vouching for this new crypto terming it as the next “Avalanche Killer”. Let’s find out why! Avalanche’s Comeback: How AVAX Climbed Out of the Red Zone Last month, the AVAX coin was predicted to see a huge increase, along with many other popular altcoins in the crypto world. Before the start of the ongoing correction phase, Avalanche (AVAX) saw a significant boost at the time, peaking at $30. Once again, as the price of AVAX approaches $30, the Avalanche (AVAX) is out of the red zone. Right now, everything on the AVAX price charts seems good. With a weekly gain of 8.33%, the Defi currency continues its positive trend, up 17.56% on the monthly trends. Grayscale’s Trust products have already been launched on Avalanche (AVAX), which could promote more gains in the Avalanche (AVAX) token. However, analysts are referring to a freshly launched currency called IntelMarkets (INTL) as the next “Avalanche Killer” since it is growing at an unprecedented rate. DOGE’s Dream of $1: Can Dogecoin Meet Investor Expectations? Dogecoin (DOGE), captures the attention of the market mainly due to the massive community support, amusing meme-culture, and of course, the popular backing from Elon Musk. It is commendable to know that crypto, which started as a mere joke, has been able to cement its position under the top 10 cryptocurrencies for so long. Its current market cap stands at $16.53 billion, with each token priced at $0.1129. Analysts speculate that, based on 2025 market predictions Dogecoin (DOGE) will be priced between $0.50 and $0.75. But meeting Dogecoin’s (DOGE) dream of a $1 price goal would need significant retail and institutional involvement, as well as a rebounding market which doesn’t seem to be happening soon. However, new emerging projects like IntelMarkets (INTL) are growing at a pace never seen before with the help of its innovative offerings and might reach $1 before Dogecoin (DOGE). How IntelMarkets Plans to Surpass Dogecoin with 1200% Growth by 2025 Remember how Dogecoin (DOGE) made tons of millionaires with its meteoric rise in 2021? Well, a similar trend is emerging in the crypto market but a little more boosted. IntelMarkets (INTL) is a newcomer to the crypto market, growing at a never-seen-before pace, intending to make millionaires faster than how Dogecoin (DOGE) did. IntelMarkets (INTL) is becoming more and more popular because of its innovative AI-powered trading platform. Unlike many other traditional exchanges, it provides features and tools that are often only available to institutional investors with investments exceeding $100 million. This platform will bring institutional and retail investors to the same level. The platform holds over 100,000 crypto assets and provides access to over 1,000 technical sources for analyzing data. IntelMarkets is the next generation of trading tools for profit optimization, with real-time data processing and multi-channel analysis. Its advanced risk management features also allow investors to set up automated take-profit and stop-loss orders, automating their trading experience. Enormous returns are predicted by experts in the trading sector; growth might exceed the value of the well-known cryptocurrency, Dogecoin (DOGE), by 2025, where growth could reach 1200%. IntelMarkets $1.1M Presale: Is It Just the Beginning? IntelMarkets (INTL) is well-positioned for rapid growth in this challenging crypto world. The evidence for its rapid growth is apparent in its $1.1M presale funding and over 10,000 platform signups even before the launch. Analysts are vouching for this project as the next big thing, naming it as the next “Avalanche Killer”. It is currently being offered at $0.027 per INTL token and this discounted price is anticipated to reach $10 by 2025 upon its official launch, giving early investors a chance to earn life-changing profits. Discover More About Intel Markets: Presale: https://intelmarketspresale.com/ Buy Presale: https://buy.intelmarketspresale.com/ Telegram: https://t.me/IntelMarketsOfficial Twitter: https://x.com/intel_markets 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.

Donald Trump’s WorldLiberty Financial DeFi project is set to launch its governance token in a few hours. The project is part of the presidential candidate’s various crypto initiatives. The cryptocurrency market has livened up this past week with bullish price actions and other new announcements. Notably, several leading digital assets including Bitcoin and Ethereum have retraced their steps to previous trading levels. Meanwhile, the crypto-political landscape has also made some new announcements. Notably, Republican candidate Donald Trump’s World Liberty Financial is reported to have seen amplified community interests over the past month. Having launched it in mid-September, the Trump family’s DeFi project has seen more than 100K sign-ups as per reports. This immense interest in the project has garnered market attention owing to the project being the initiative of the presidential candidate. Donald Trump Jr discussed the project’s immense community interest in an X space held on October 14, where Head of Operations, Zak Folkman also spoke. The Operations head delved into details about the token launch which is scheduled for October 15. Additionally, WorldLibertyFi also recently shared a blog discussing the details of the DeFi Project. According to the announcement, WLFI, scheduled to be unlocked in the next few hours, will be functioning as an Ethereum-based ERC-20 governance token for the project. Furthermore, the blog post also discussed the project’s goal and vision to expand DeFI accessibility to both crypto users and newcomers. However, the WLFI tokenomics have not yet been shared for public knowledge. Moreover, Donald Trump was seen promoting the token sales on his official Twitter account on Sunday. Donald Trump’s Crypto & DeFi Endorsement The former US president has adopted a vision for crypto’s future according to his latest discussions and statements. Particularly, in one of his campaigns, Trump advocated for crypto’s future and joked about its potential to pay off the US debt. Additionally, the ‘crypto president’ also recently made his first crypto payment at a Bitcoin bar. Relatedly, over the past few months, Trump has stated that the US must sustain its lead in the crypto industry. He has also discussed modifying regulatory approaches for the sector in the case of winning the elections. Meanwhile, Kamala Harris recently was seen mentioning cryptocurrency in her Opportunities agenda reachout for the black male community. Highlighted Crypto News Today: Metaplanet Shares Surge 16% After Major Bitcoin Acquisition

dYdX gives traders a new method to interact with events that are driven by narratives, like the U.S. election. A instructional step-by-step guide for the Trump perp market is provided for individuals. With great pleasure, the dYdX Foundation announces the launch of Trump Prediction Market Perpetuals on dYdX, which gives traders the exclusive opportunity to use sophisticated order types on Donald Trump’s prospects of winning the 2024 U.S Presidential Election. On October 9, the dYdX Community added this unique market via a governance procedure. Users may magnify their holdings and expand their exposure to one of the year’s most anticipated political events by trading wagers on the result of the U.S. election in a completely decentralized and non-custodial environment. In order to possibly increase their gains, traders who are optimistic about Trump’s prospects might take long bets, while those who are pessimistic can short the market. The Trump Perpetual Prediction Market’s salient features include: Perpetual Leverage Trading: In a perpetual market, users may use leverage to hold positions without expiration and modify trades in response to changing election conditions. Advanced Risk Management: The platform gives traders more control over high-stakes political markets by supporting essential risk management tools like take-profit and stop-loss orders. Real-Time Settlement: If Trump prevails on November 5th, the underlying TRUMPWINYES market on Polymarket is anticipated to settle to $1; if not, it is anticipated to settle to $0.00001. Why Trade Perpetual Prediction Markets? dYdX gives traders a new method to interact with events that are driven by narratives, like the U.S. election, by fusing prediction markets with perpetuals. Users may maintain positions in perpetual markets for long periods of time, giving them flexibility when new events occur. Although traders should always take into account the dangers involved, the potential to magnify transactions using advanced order types offers additional opportunities for bigger gains. How to Begin: Go to dYdX: Find out more about the new Trump prediction market perps at https://dydx.trade/trade/TRUMPWIN-USD. Link Your Wallet: To fund your account, connect your wallet and deposit USDC. Place Order: Depending on your assessment of Trump’s chances of winning the election, choose to go long (Trump wins) or short (Trump loses). This instructional step-by-step guide for the Trump perp market is provided for individuals who are not acquainted with trading perpetuals, and it walks users through the whole procedure. What Comes Next? The dYdX Community may permissionlessly introduce more leveraged prediction markets on a range of real-world events, including global elections, sports, and cultural events, in addition to the Trump Prediction Market Perpetuals. The decentralized architecture of the platform would provide a wider variety of trading options for the dYdX Community as a result of this growth. Disclaimer: This is not financial advice. Cryptocurrency trading has a risk of loss and may be very volatile. Retail investors may find investing in crypto-assets inadequate and unregulated. Conduct independent investigation and due diligence before to participating in any cryptocurrency-related activity. In the United States and other restricted areas, dYdX is not accessible to U.S. users.

Layer 1 blockchain protocol Sui (SUI) has made headlines recently, recording an impressive 120% increase over the past 30 days, allowing the protocol’s native token SUI to outperform the top 10 largest cryptocurrencies on the market, culminating in a new all-time high of $2.35 on October 13. However, since this peak, the token has retreated by nearly 5%, largely due to growing concerns over allegations of insider selling among the project’s stakeholders. Can SUI Match Solana’s Success? Market expert LightCrypto took to social media platform X (formerly Twitter) on Sunday to express his skepticism about the sustainability of SUI’s recent gains. In a lengthy post, he noted SUI’s substantial rise, which has quintupled from its previous lows of $0.5 on August 5, amid the broader market crash that occurred that day. While the market appears to be eager for new winners, with macroeconomic conditions pointing to further price gains, LightCrypto raised two critical points that could undermine SUI’s upward trajectory. Firstly, the expert questioned the rationale behind SUI’s current $23 billion fully diluted valuation (FDV), particularly when compared to Solana’s $73 billion according to Coingecko data. LightCrypto argued that it no longer makes sense to assume SUI can replicate Solana’s success, especially given that it currently trades at just a quarter of Solana’s market valuation. The expert further challenged the community to articulate a compelling risk-reward scenario that justifies such a disparity, asking whether SUI has demonstrated even a fraction of Solana’s potential. Potential Market Correction Looms Secondly, LightCrypto alleged the worrying trend of insider selling, indicating that insiders, including what is believed to be a large endowment fund, have dumped around $400 million in tokens during the recent rally. The expert noted that this selling trend has not only occurred at higher price levels, but has also been ongoing since much lower valuations. Ultimately, LightCrypto believes that the acceleration of these sales may create a disconcerting atmosphere for retail investors, who may be buying tokens from those best informed about their true value. The implication is stark: as these supposed insiders cash out while retail investors chase momentum, the potential for a market correction looms large, potentially threatening the token’s current rally. Despite these allegations, SUI, currently trading at $2.24, continues to see significant investor interest in the token, with trading volume up 36% in Sunday’s session, valued at approximately $1.7 billion. Furthermore, regardless of LightCrypto’s troubling findings, corrections are normal after a token hits a new record high, with the clear example of Bitcoin (BTC), which has been unable to come close to that level since hitting a new record high of $73,7000. What is certain is that if the expert’s claims prove to be true, it could further exacerbate a potential correction in the SUI price, with the first major support level for bulls being the $2.046 area. Featured image from DALL-E, chart from TradingView.com

Metaplanet shares jumped 15.7% after acquiring 107 Bitcoin. The purchase reflects growing institutional interest in cryptocurrency investments. Shares in Japanese investment firm Metaplanet soared 15.7% on October 15, following the company’s announcement of its latest Bitcoin purchase. The firm confirmed it had acquired nearly 107 Bitcoin in a strategic move to diversify its investment portfolio, marking its continued interest in the digital asset space. Metaplanet’s decision to further invest in BTC comes at a time when cryptocurrency markets are showing signs of renewed strength, with Bitcoin recently seeing a rise in value. The acquisition positions Metaplanet as one of the growing number of traditional financial firms embracing cryptocurrency, signalling a broader shift in institutional sentiment toward digital assets. This purchase represents one of the firm’s largest forays into Bitcoin, reflecting its confidence in the long-term potential of the world’s largest cryptocurrency. Moreover, the announcement was met with enthusiasm from investors, pushing Metaplanet’s shares up nearly 16% in a single day of trading. Market analysts attribute this significant uptick to the firm’s forward-looking approach, as well as Bitcoin’s status as a hedge against inflation and economic uncertainty. Belief in Bitcoin’s Long-term Growth In a statement, Metaplanet’s CEO highlighted the rationale behind the acquisition, pointing to the resilience of Bitcoin as an asset class. “Our latest investment underscores our belief in the long-term growth trajectory of Bitcoin and its ability to complement our existing portfolio. As digital assets continue to mature, we see tremendous opportunity in this space,” the CEO said. The move aligns with a broader trend of institutional adoption of cryptocurrencies, with companies such as MicroStrategy and Tesla having made significant Bitcoin purchases in the past. Analysts suggest that Metaplanet’s acquisition may further bolster confidence among traditional investors and corporations in Japan, where cryptocurrency regulation is relatively progressive. As of now, Metaplanet has not disclosed any immediate plans for further Bitcoin acquisitions, but the company’s latest move signals its growing commitment to the crypto sector. Highlighted News Of The Day Sui Token’s Surge Overshadowed by Insider Selling Allegations

Eric Balchunas reveals Larry Fink’s full quote from BlackRock’s Q3 earnings call. Fink calls Bitcoin a core asset and compares it to gold. BlackRock CEO Larry Fink, during the Q3 2024 earnings call, described Bitcoin as a “core asset class,” signalling a major shift in the perception of cryptocurrencies by one of the largest asset managers in the world. Bloomberg ETF analyst Eric Balchunas shared Fink’s full quote from the earnings call, where Fink highlighted Bitcoin’s role as an alternative to traditional assets like gold. He also noted that Bitcoin could act as a hedge against inflation and global economic instability, marking a significant departure from his earlier skepticism. Fink emphasised that institutional interest in Bitcoin is growing, pointing to BlackRock’s involvement in the space with its Bitcoin ETF application. This ETF, if approved, could make Bitcoin investments more accessible, bringing the cryptocurrency closer to mainstream acceptance. Such developments will help Bitcoin transition from a speculative digital asset to a more widely recognized and used financial tool. The Future of Digital Assets in Finance In addition to Bitcoin, Fink also discussed the potential of Ethereum’s blockchain technology. He stated that Ethereum could play a significant role in transforming sectors such as decentralized finance (DeFi) and smart contracts. BlackRock is closely watching these developments, reflecting its broader interest in digital assets beyond just Bitcoin. Ethereum’s potential to reshape financial services is seen as a key aspect of the future of blockchain technology. Balchunas’ reveal of Fink’s full quote underscores the importance of these statements for the crypto industry. With BlackRock’s involvement, digital assets are increasingly integrated into institutional portfolios. This could lead to broader adoption and acceptance of cryptocurrencies, further solidifying their role in the global financial system. Fink’s statements also highlight the ongoing shift within the financial industry toward digital assets, as cryptocurrencies continue to gain traction.

The foundation received a donation of 432 trillion ELON tokens from Vitalik Buterin. They have added 83 trillion tokens to Uniswap’s liquidity pool. The crypto market’s prolonged battle to break the bearish pressure continues, with certain signs of recovery from recent downturns. It drove the overall market cap to $2.29 trillion, spiked over 2.20% in the past 24 hours. The leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), have gained over 2%. Amid this, blockchain analytics has reported that the Methuselah Foundation, a nonprofit organization, began selling its ELON holdings. The foundation received 432 trillion ELON, accounting for 43% of the total supply, from Ethereum co-founder Vitalik Buterin in 2021 as a donation. Besides, they have added around 83 trillion tokens to Uniswap’s liquidity pool. It is expected to start selling once the ELON price exceeds $0.00001207. In 2021, Vitalik donated over $1 billion in crypto to the COVID relief fund and other charities. He has donated by offloading dog-themed meme tokens, Shiba Inu (SHIB), Dogelon (ELON), and Akita Inu (AKITA). The ELON tokens were transferred to the Methuselah Foundation with the aim that the foundation would manage them without destabilizing the market. Moreover, the foundation has announced that it will manage those holdings to maximize the token’s long-term value and advance its mission. Price Momentum of ELON The price of ELON is currently trading at $0.0000001523, after witnessing a gain of over 6% in the past 24 hours. The token’s daily trading volume has soared by 6.40% to $3.30 million, as per CMC data. Zooming in over the past seven days, the token has increased over 23.90%. The asset started trading at $0.000000123 and eventually it climbed up to $0.0000001326. Looking ahead, the asset’s upside correction may trigger the price to hit a high in the $0.00000016 range. Conversely, the asset could drop if the current momentum breaks down. It may fall back to a low of $0.0000001428. Highlighted Crypto News Sui Token’s Surge Overshadowed by Insider Selling Allegations