Crypto investors are not keen on dealing with cryptocurrency trading platforms, which has resulted in the dwindling exchange reserves of Bitcoin and Ethereum. Centralized exchanges on Bitcoin and Ethereum hit a historic low after investors and crypto enthusiasts opted for self-custody solutions for their virtual assets. Staying Away From Cryptocurrency Trading A recent trend showed that traders and other enthusiasts choose to hold on to their crypto assets rather than sell them on Bitcoin and Ethereum exchange platforms. They preferred direct ownership of their assets using self-custody wallets, which created an increasing demand for self-custody solutions. However, it led to a decline in the liquidity of BTC and ETH on centralized exchanges. Strengthening Bitcoin And Ethereum Values A positive consequence of traders’ preference for self-custody solutions is the increasing value of Bitcoin and Ethereum assets over time. Traders veering away from cryptocurrency trading platforms create a sense of scarcity, leading to the growth of its value. At the time of writing, the price of Bitcoin is pegged at $64,842. Since hitting a record-high of $73,000 in March this year, the price remains somewhere between $66,000 and $49,000. Meanwhile, according to Coinmarketcap, Ethereum is trading at $2,464. Bitcoin, Ethereum Reserves Drop Bitcoin and Ethereum on centralized reserves took a nosedive and hit a historic low early this month. As of October 13, CryptoQuant’s chart showed that centralized exchanges for BTC recorded an all-time low of 2,666,717 bitcoins. The highest amount of Bitcoin was pegged at 3,361,854, which was recorded on June 8, 2022. After that period, Bitcoin went on a sharp decline. It hit its lowest level early this month. In terms of volume, spot exchanges have 1.1 million Bitcoin in reserves, while derivative exchanges own 1.39 million reserves. By far, Binance owns 563,000 Bitcoin reserves, the largest crypto exchange by trading volume, followed by Kraken with 112,3000 reserves. On the other hand, Coinbase Advanced holds 830,530 Bitcoin reserves and Coinbase Prime has 3,000 reserves. Ethereum’s centralized exchanges also face a similar dilemma to Bitcoin wherein its reserves continue to plummet and hit a record low of 18.7 million. According to CryptoQuant, derivative exchanges hold a big portion of Ethereum with 10.3 million in reserves, while 8.4 million Ethereum reserves are being kept at spot exchanges. Historically, Ethereum’s all-time high in reserves was 2,310,823 recorded on 6 September 2022. Since that period, Ethereum reserves in central exchanges continue to plunge. In terms of reserves, Coinbase has a large reserve of 4.5 million Ethereum, followed by Binance with 3.6 million Ethereum. Kraken also holds a significant Ethereum reserve of 1.3 million. Featured image from Pexels, chart from TradingView

Bitcoin mining may seem like a fast track to profit, but for one miner, it’s been a road full of unexpected twists. In this gripping account, the author shares a 33-month journey that began with high hopes, significant investments, and countless lessons learned. From $100,000 to $1,000,000: A Miner’s Journey Starting with an initial investment of $100,000+ the author dives headfirst into the world of mining. Over the course of nearly three years, his capital grows impressively, but not without challenges. From unpredictable profits to technical breakdowns, this journey shows that perseverance pays off — if you’re prepared for the ride. Managing a Private Mining Setup Running a small mining operation sounds like a solid plan, but in practice, it’s anything but simple. “What I thought would be smooth sailing quickly turned into a financial and technical marathon,” the author notes. Equipment failures, rising electricity costs, and constant maintenance turned the dream into a complex balancing act. Does running your own setup really lead to bigger profits, or is it more trouble than it’s worth? Distribution of investments in personal mining farm Cloud Mining: A Double-Edged Sword In parallel, the author ventured into cloud mining on platforms like BeMine, BitDeer, and Genesis Mining. However, the path wasn’t smooth here either: “I lost count of how many platforms turned out to be scams,” he admits. While some providers delivered stable income, many others vanished, taking users’ investments with them. This tale serves as a crucial warning for anyone considering cloud mining — trust and research are everything. Distribution of investments in cloud mining companies Numbers, Lessons, and Big Risks “I saw incredible gains, but at a cost I didn’t fully expect.” As the author reflects on his experience, it’s clear that mining is not for the faint-hearted. From battling volatile market conditions to enduring failed promises from platforms, this account shows the harsh realities of crypto mining that few talk about. Curious to know which platforms survived and how the author turned his fortunes around despite the odds? Read the full story here for all the details. 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.

Cryptocurrency has countless opportunities for earning passive income in 2024. With staking becoming a popular alternative to mining, investors are looking for crypto staking platforms that simplify the process and give the best rewards. STAKING AI, a leading infrastructure operator for PoS blockchains stands out in this space. With liquid staking, high rewards, and an easy-to-use interface, STAKING AI is designed for both retail and institutional investors to make big money from their crypto assets. Here are 12 ways you can make passive income with cryptocurrency, with STAKING AI as the platform of choice. Key Takeaways: STAKING AI makes staking easy with competitive rewards and a free $100 staking bonus upon sign up. The platform has various staking plans to suit different investment needs with daily payouts and referral rewards. With STAKING AI’s affiliate program, you can earn lifetime commissions by promoting the platform to others. Liquid staking allows you to access staked assets while still earning rewards. 1. Staking with PoS Blockchains Proof-of-Stake blockchains allow users to stake their crypto assets to validate transactions and secure the network. In return they get rewards. STAKING AI makes this process easy by offering staking options for multiple blockchains like Ethereum, Solana, and Polkadot. Investors can get secure and stable returns without having to manage a validator node. . 2. Liquid Staking for Flexibility Traditional staking locks your assets for a certain period, limiting liquidity. STAKING AI partners with leading liquid staking providers so you can earn rewards while using synthetic tokens to trade or participate in other DeFi protocols. This is Perfect for investors who want to access their assets without sacrificing staking rewards. 3. Free Trial Staking Pool For beginners or conservative investors, STAKING AI has a Free Trial Staking Pool. You can stake $100 for 1 day and earn $1. This is a short-term option to test the platform and see the returns without a big commitment. 4. TRX Staking Pool For a bit more commitment the TRX Staking Pool allows you to stake $200 for 1 day and earn $2.2 in daily rewards. You can also earn up to $1.6 in referral rewards by referring friends to STAKING AI. 5. Long-Term Staking Options STAKING AI has more staking plans that give higher rewards. For example, staking $21,000 in Polkadot (DOT) for 10 days earns $315 daily and $630 in referral rewards. These plans are for experienced investors looking for steady and big returns over a longer period . 6. Diversified Staking Plans Investors can choose from a wide range of staking pools according to their risk tolerance and financial goals. STAKING AI has flexible options from 1 day to 45 days, so you can tailor your strategy for maximum returns. 7. Earn with STAKING AI’s Affiliate Program The STAKING AI Affiliate Program is a great way to earn passive income. By referring others to the platform, you can earn up to 4% of the stake amount. Commissions are credited in real-time and there is no limit on how much you can earn, perfect way for influencers and crypto enthusiasts with a large network. 8. Low Risk, High Reward Pools For investors looking for steady returns, STAKING AI has low-risk staking options. The Cosmos Staking Pool for example allows you to stake $58,000 for 15 days and earn $1,044 daily with an additional $2,088 in referral rewards. 9. Maximize Earnings with Ethereum Staking Ethereum is still the top choice for many crypto investors. STAKING AI’s Ethereum Staking Pool has one of the highest returns, $200,000 stake earns $6,000 daily for 30 days. For those who want to stake even more, the Ethereum Plus Pool gives you 10,500 daily with a 45-day commitment. 10. User Friendly Interface One of the best features of STAKING AI is its user-friendly interface. Whether you’re new to staking or a seasoned pro the platform’s point-and-click system allows you to stake multiple assets and monitor your earnings easily. This is perfect for crypto enthusiasts who want a hassle-free way to earn passive income. 11. Safety and Security Safety is key when staking crypto assets. STAKING AI has a regulated and secure platform, where your assets are locked directly into PoS networks ensuring they are protected from external risks. This level of security makes STAKING AI the top choice for anyone who wants to have peace of mind while earning. 12. Joining STAKING AI Signing up to STAKING AI is a 1-minute process. Create an account with your email and choose from the available staking plans. Once you’ve chosen a plan and made a deposit with one of the supported cryptocurrencies like BTC, ETH, USDT, etc. you can start earning daily. You’ll also get a free $100 bonus for signing up. Why STAKING AI? STAKING AI stands out in the crowded staking space by offering a comprehensive staking solution with lucrative rewards, an intuitive platform, and unmatched security. From beginner-friendly pools to long-term staking plans, STAKING AI has something for every investor.With features like liquid staking, lifetime referral commissions, and diverse payment methods, it’s easy to see why more than 630,000 stakers trust STAKING AI to maximize their earnings. Make the smart choice before 2024 ends by staking your digital assets with STAKING AI, a platform where you can stake, earn, and relax. 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.

Samara AG to invest €30 million in Bitcoin through a Nordic bond. The investment aims to grow Bitcoin reserves and acquire fund stakes. Germany’s Samara Asset Group (AG) has announced plans to invest up to €30 million in Bitcoin. This move is part of a broader strategy to increase its exposure to the cryptocurrency market. Samara AG is following a similar path to that of MicroStrategy, a company known for its significant Bitcoin acquisitions. The official statement from Samara indicates that the investment will be funded through a Nordic bond issuance. The €30 million investment will also include acquisitions of limited partnership stakes in funds. These steps aim to grow Samara AG’s Bitcoin holdings, further establishing the company’s presence in the digital asset space. CEO Patrick Lowry shared insights into this strategy via social media, stating the firm’s commitment to increasing its Bitcoin reserves. The tweet also highlighted the importance of cryptocurrency as part of their long-term vision. Samara Expands Bitcoin Treasury Samara AG’s decision mirrors MicroStrategy’s well-publicized Bitcoin strategy. MicroStrategy, led by Michael Saylor, has famously made Bitcoin a core part of its balance sheet. Samara’s move reflects a growing trend among companies that see Bitcoin as a strategic asset, providing both diversification and potential future returns. This type of investment reflects a broader movement among businesses that are integrating Bitcoin into their financial strategies. By increasing its cryptocurrency holdings, Samara AG appears to be taking steps to diversify its assets. This investment strategy includes a €30 million bond issuance, aimed at acquiring more Bitcoin and limited partnership stakes in funds. With this move, Samara AG is making an entry into the digital asset market. The funding will be secured through a Nordic bond, according to the company’s announcement. The bond, expected to rise to €30 million, will support both the acquisition of LP stakes and the growth of the Bitcoin treasury. This type of bond is a common financial instrument in the Nordic region and allows companies to raise capital for various investment purposes. Highlighted Crypto News Today WorldCoin Price Surges 12% Resuming Bullish Rally After Recent Dip

In a dramatic turn of events, the Bitcoin price has breached the $64,000 threshold again after a 7.7% increase from a low of $59,400 in four days. This sudden price jump has sent shockwaves through the crypto market, with data from Coinglass revealing a significant wave of liquidations following the unexpected rally. Short sellers, who were anticipating a decline, found themselves in a tough spot as Bitcoin defied their expectations. Notably, liquidation data from Coinglass shows that over $182 million worth of positions have been liquidated across various exchanges in the past 24 hours, with a majority being short positions. Bitcoin Price Breaks Above $64,000 Again Bitcoin rose above $64,000 in the early hours of Monday, October 14, after breaking above a tight range over the weekend and gaining 2.53% in the past 24 hours. Bitcoin reached as high as $64,500 in the past few hours, which is its highest point so far in October. As such, the Bitcoin price has now crossed above its open for the month, with the October monthly return finally turning green for the first time. The price action, however, wasn’t as positive for everyone. According to the data shown in the picture below, the sudden rise has been costly for many traders holding short positions. Bears who bet on a continued decline were hit hard as Bitcoin’s continued rally triggered a wave of liquidations. Of the $182 million worth of liquidations recorded across various exchanges, a staggering $115.76 million came from short positions, while $66.28 million were from long positions. Binance has led the crypto exchange market in liquidations over the past 24 hours, accounting for 42.48% of the total liquidations. On Binance alone, approximately $77.33 million worth of positions were wiped out, with 54.23% being short positions. OKX follows closely, with $58.71 million in liquidations, where an even larger percentage of 62.84% were short positions. HTX, Bybit, and CoinEx also saw significant liquidations, though on a smaller scale. HTX recorded $27.35 million in liquidations, a staggering 87.81% of which were short positions. Bybit came next with $12.62 million in liquidations and a short rate of 65.92%, while CoinEx rounded out the list with $3.50 million liquidated, 81.34% of which was from shorts. More Liquidations Ahead? Bitcoin’s recent uptick brings back the possibility of a declining Uptober sentiment. This interesting rally could set the stage for a surge in the second half of October, similar to what was witnessed in September. If this rally were to continue for the rest of the month, we could see more short positions liquidated in the next few hours. Bears, who have been betting against Bitcoin’s rise, may rush to close their positions to minimize losses. The decrease in selling pressure from short sellers exiting the market could further fuel Bitcoin’s ascent.

As the next cryptocurrency bull run draws nearer, one question crosses one’s mind: which altcoins will lead the rally and generate huge profits? Two cryptos identified by an analytics firm as front-runners for the next surge are Rexas Finance (RXS) and Toncoin (TON). These two projects are fantastically positioned in terms of prospects, with each offering different utilities and ecosystems. But how high can they go, and what is responsible for this momentum? Rexas Finance (RXS): Bringing Change in Real-World Asset Tokenization The focus and attention on Rexas Finance (RXS) are critical, as they are venturing into Real World Asset (RWA) tokenization, where a user can create a token for any real asset, such as real estate, commodities, luxury items, etc. This not only brings liquidity to assets that are usually not convertible into cash but also makes it possible for ordinary citizens to invest in precious assets that would otherwise be inaccessible to them.RWA tokenization has great potential. Considering that the global real estate market is worth over $280 trillion and the commodities market runs in trillions, Rexas Finance can change several industries and employ blockchain technology in a wide array of markets.At present, Rexas Finance remains in its Stage Fix-4 presale at a value of $0.06. At this point, the figures have exceeded $2.75 million and even attracted interest from significant investors. Analysts are also positive. Predictions suggest that RXS will rise to $12 in 2025, an unbelievable advancement of 20,000% from its presale price.Additionally, Rexas Finance is hosting a $1 million giveaway on the September project, offering even more motivation to willing presale participants. Features such as the new app’s business model and scaling, along with actual use cases, make the project a candidate for the next altcoin season. Toncoin (TON): Decentralized Communication Network Among investors, another cryptocurrency that has caught their admiration is Toncoin (TON), the native coin of The Open Network. Created by the Telegram Team before it was redeployed to the decentralized network, the goal of TON was to change how people communicated and handled transactions. Pushing toward the efficient, scalable performance of blockchain, Toncoin is built for a high volume of transactions, giving it great potential in decentralized finance (DeFi), payments, and dApp management.As a result of a solid ecosystem structure, developer activity, and strong community support, TON has been on the rise. It is meant to be a multifunctional platform with use cases ranging from DeFi to decentralized communication. Analysts believe that, with further developments in the TON ecosystem, the platform may experience great growth in the near future.At present, the price of Toncoin is approximately $5.30, based on the report from October 2024. Forecasts made by analysts on the price of TON are high, with the token expected to rise to $15-$20 by 2025 if the cryptocurrency market returns to bullish trends. This presents a good proposition for investors, as such an investment could bring returns of 5-9 times in the coming one or two years. How High Can They Go? Rexas Finance and Toncoin both have great use cases and strong communities that support the growth of the two currencies. Toncoin has the advantage of a strong decentralized communication network and Telegram. Rexas Finance, however, is unique in that it functions in the real world by tokenizing physical assets.For Rexas Finance, its presale price of $0.06 translates to an impressive gain of 20,000%, considering analysts predict a price target of $12 by the year 2025. It also helps that the market for RXS is over a trillion dollars in value, which means it could do very well during the next bull run.For Toncoin, it is expected to sell for $2.20 per coin and eventually reach $15-$20, leading to a more modest but reasonable 5x to 9x increase from the current price. It is anticipated that, due to the expansion of the ecosystem and the attraction of more users, there will be great demand for TON as one of the key projects in the DeFi and decentralized communications space. Conclusion: Two Promising Contenders for the Next Altcoin Rally Both Rexas Finance and Toncoin are expected to perform very well, with each addressing unique problems in the expanding blockchain market. Rexas Finance presents explosive opportunities in the tokenization of Real World Assets, hoping to penetrate the multi-trillion-dollar markets. Meanwhile, Toncoin will most likely remain relevant to encrypted communication and DeFi markets in the next market cycle.Thanks to active community support, strong ecosystems, and unique implementations of blockchain technologies, both Rexas Finance and Toncoin are set to spearhead the next altcoin wave. For investors looking to diversify their portfolios and find the next great opportunity, these two projects are worth watching closely as they set out to conquer the cryptocurrency market. 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.

Early version of beloved game has already made its debut as a Telegram and TON ecosystem exclusive Players can mine points in FLAP-A-TON campaign ahead of token airdrop Old meets new with return of OG Flappy Bird game mode and cutting-edge Web3 features and characters planned for full launch The Flappy Bird Foundation has raised $2 million in seed funding as it revives one of the 21st century’s most iconic games. The round has been led by Kenetic Capital and Scytale Ventures, with Big Brain Holdings, Optic Capital and 4SV also joining the mission to modernize Flappy Bird with a host of new Web3 features that’ll appeal to nostalgists and new generations alike. Originally launched in May 2013, Flappy Bird took the world by storm over seven short months before it was abruptly removed from Apple’s App Store and Google Play. The game was a global hit that commanded more than 50 million downloads — with fans left bereft when it vanished from their smartphone screens. More than a decade on, a group of dedicated fans has obtained the legal rights to the game and created the Flappy Bird Foundation so that Flappy Bird can make a comeback, complete with Web3 improvements and a pledge that it’s here to stay. Alongside new Web3 features, the game also has other improvements to the player experience, such as advertisements now being optional to view rather than bombarded upon users. Under the stewardship of the new Flappy Bird Foundation, the game’s intellectual property will remain protected for fans to enjoy for years to come. Members of the Flappy Bird Foundation include Kek — the developer of Piou Piou vs. Cactus in 2009, which is widely credited by media and fans as the inspiration for this viral app. Michael Roberts, the foundation’s chief creative, said: “It’s a privilege to modernize such a legendary game, all while preserving the features that devoted gamers loved in the first place. Flappy Bird will be as enjoyably frustrating as it always has been — with endless levels for players who love a challenge. We’ve also got new modes and characters in store to boost the experience. So many mobile games just sap the time of their loyal users, leaving them with nothing to show for it. By launching Flappy Bird in Web3 we are supercharging the gameplay and experience by offering players rewards to recognize the achievements and skill of competitors.” To give players a taste of what to expect, an early version of the upcoming game has been launched on Telegram with Notcoin and The Open Platform, TON’s largest ecosystem builder, as key partners. For a limited time only, a thrilling campaign called FLAP-A-TON is live, allowing players to mine points for a native token to be airdropped at a later date. These points are earned based on active time within the mini-app, as well as successfully ducking and diving between those famous green pipes. Rewards are also available for logging in daily and joining Flappy Bird’s official social media channels — with players able to join like-minded gamers in teams, and win big prizes if they top weekly leaderboards. One of the new game modes within Flappy Bird sees gamers take on 99 rivals in real time — and flawlessly weave through 50 obstacles to be crowned the winner. Mark Cachia, CIO at Scytale, said: “We are beyond bullish on Web3 gaming, and we are still in the early phase of seeing established brands crossing over. For years, players have longed to share in the success of their favorite apps. This isn’t just about advancing Web3 adoption by encouraging tech-curious gamers to see what all the fuss is about, it’s an opportunity to bring Flappy Bird to a crypto-native audience who might have missed this app the first time around.” Jehan Chu, Managing Partner at Kenetic, said: “Telegram has close to a billion users around the world. It’s now much more than a messaging platform, it’s an everything app. When you think about how many users loved playing Flappy Bird all those years ago, it’s clear to see that there’s a huge opportunity to deliver some much-needed fun and nostalgia. We can’t wait for Flappy Bird to grow alongside TON, and become a Web3 gaming heavyweight in the years to come.” Sam Kim, General Partner at Big Brain, added: “The Flappy Bird Foundation’s acquisition is an exciting venture that drives community ownership of iconic IP, revitalizing and advancing how people interact with household brands, uniquely enabled by blockchain.” Telegram and TON have become the ultimate destination for Web3 games, and the likes of Notcoin, Catizen and Lost Dogs have attracted countless millions of fans around the world — even without the global fame and brand recognition that Flappy Bird enjoys. Often imitated but never duplicated, Flappy Bird is emerging for a new decade, empowered by blockchain technology and ready to soar to new heights. <ENDS> About Flappy Bird Foundation Founded in 2023, Flappy Bird Foundation is led by a dedicated team of passionate fans and industry veterans who share a deep love for Flappy Bird and sought to rescue the iconic gameplay and IP for the community of over 100 million enthusiasts. The Flappy Bird Foundation is committed to preserving the Flappy Bird IP and expanding the legacy of Flappy Bird. By faithfully bringing back our classic and nostalgic gameplay while introducing new elements, the Foundation aims to give back to the global fan community that created the phenomenon. For more information on Flappy Bird’s latest development, visit: Website | Twitter For Media Inquiries: [email protected] About The Open Platform TOP is a venture builder providing investments and expertise to supercharge businesses on The Open Network (TON) blockchain. For more information on The Open Platform, visit: Twitter | LinkedIn For Media Inquiries: [email protected] About Scytale Ventures Scytale Ventures is a digital asset manager with a focus on blockchain solutions. The company was an early adopter/investor in blockchain founded in 2017. Scytale largely invests in projects building real world solutions across different Web3 ecosystems with a diversity of offerings, which include gaming, music, legaltech, security, as well as blockchain and metaverse infrastructure, among others. About Kenetic Capital Founded in Hong Kong in 2016 by Jehan Chu, Kenetic is a crypto/web3-focused Family Office with over 300+ early stage investments across protocols, infrastructure, defi and gaming. Kenetic also is a General Partner in Kestrel0x1, Nural Capital, and Digital Asset Collective and provides bespoke advisory services. About Big Brain Holdings Big Brain Holdings is a crypto native venture fund investing in startups defining a crypto forward future since 2017. 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.

Gate Ventures, a global venture capital firm specializing in blockchain; Movement Labs, a leader in Move-based blockchain technology; and Boon Ventures, a prominent investor in emerging tech startups, today announced the establishment of a groundbreaking $20 million fund designed to transform the Web3 space. This strategic alliance will invest in cutting-edge projects and accelerate the development of Move-based blockchain technologies. The fund will concentrate on four key areas: Accelerating the adoption of Move-based blockchain solutions Enhancing security and performance in decentralized networks Supporting projects that bridge Move and EVM ecosystems Driving innovation in Web3 infrastructure and applications “This $20 million fund marks a significant milestone in our mission to drive forward-thinking solutions in the Web3 ecosystem,” said Kevin Yang, Managing Partner at Gate Ventures. “By collaborating with Movement Labs and other visionary projects, we’re paving the way for the future of decentralized technology.” Rushi Manche, Co-Founder of Movement Labs added, “This $20 million fund is a game-changer for the Move ecosystem. It’s a powerful validation of what we’re building at Movement Labs. Move’s capabilities in security and scalability are setting new standards in Web3. This fund will specifically be used to support builders building the future of secure decentralized finance, fully on-chain gaming and consumer, as well as decentralized physical infrastructure efforts” Teerus Boon-Long, CEO of Boon Ventures, said, “This is the beginning of a great journey forward in the Web3 space. It’s not aimed at short-term goals but at building a promising future for a decentralized society.” The partnership leverages the unique strengths of each entity: Gate Ventures brings extensive resources, a global network, and deep experience in Web3 investments, enabling strategic partnerships and growth opportunities. Movement Labs offers profound expertise in Move-based blockchain technology, infrastructure, and ecosystem building. Boon Ventures has a successful track record of empowering innovative startups across multiple sectors through funding, mentorship, and strategic guidance. To help achieve its goals, the fund will implement several key initiatives: Organize global hackathons to stimulate innovation in Move-based technologies and attract top talent. Establish a mentorship program connecting industry veterans with promising Web3 startups to provide guidance and expertise. Create a research grant program to advance blockchain interoperability solutions, fostering cross-ecosystem collaboration. Host quarterly thought leadership summits to address pressing challenges in the Web3 space and drive collective progress. As the fund deploys its $20 million, the partners are committed to fostering innovation and driving the Web3 space forward. They will provide updates on investments, collaborations, and leading-edge technologies that will define the future of Web3, blockchain, and decentralized applications. About Gate Ventures Gate Ventures is the venture capital arm of Gate.io, one of the world’s largest and most trusted cryptocurrency exchanges, specializing in early-stage investments in blockchain technology and digital assets. Our mission is to drive innovation and foster growth across the global blockchain ecosystem. By collaborating with industry leaders worldwide, we support visionary teams and startups that have the potential to reshape social and financial interactions. As a long-term investor, we are committed to offering comprehensive support to our portfolio companies, from product development and operational scaling to global expansion. Follow Gate Ventures on X for more updates. https://gate.io/ventures About Movement Labs Movement Labs develops the Movement Network, an ecosystem of Modular Move-Based Blockchains. The company is creating the first Move Virtual Machine L2 for Ethereum, along with open-source tools to promote Move adoption across blockchains. Their platform enables developers to launch high-performance Move VM rollups easily, bridging Move and EVM ecosystems. Backed by $38 million in Series A funding, Movement Labs is advancing Move-based technologies and blockchain interoperability in Web3. Follow Movement Labs on X and on Discord for updates. Movement Labs is on a mission to create a global community of Move builders, working together to increase the security, performance, and user experience of building in decentralized networks. About Boon Ventures Boon Ventures is a single-family office spun out of the Boon-Long family, one of the longest-established families in Thailand, in 2015. Since then, it has served as the alternative investment and advisory arm of the Boon-Long family. Boon Ventures is an independent, fast-moving organization with a strong network and partnerships both in Thailand and globally, driven by a mission to foster innovative change, long-term growth, and sustainable value. Media Contact: Elaine Wang at [email protected] Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. 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.

Worldcoin price has shown a significant price surge of 12% in the past day. The altcoin’s daily trading volume surged by 68.89% as per CMC data. In the past 24 hours, the crypto market has recorded a significant $182.24 million in liquidations. Community members have referred to the funds’ movement to investors’ trading activity and highlighted the incoming bull run. Several altcoins have shown significant price surges in the past few days. One such altcoin, Worldcoin has retracted back to its bullish rally after last week’s price drop. Particularly, in the past day, the token has recorded a significant price increase of 12.18% rallying from a low of $2.03 to current levels above $2.25. Moreover, WLD also hit a 77-day high of $2.36 in the past hours. At the time of writing, the altcoin was trading at $2.45 as per CMC data. Previously, in the middle of last week, the token combated a bearish takeover when prices dropped to the support level of $1.6. However, following this on October 11, Worldcoin began climbing progressively and broke its resistance at $2 in the past day. Furthermore, the altcoin’s weekly performance stands at a 16.24% increase despite the recent price dip. Zooming out, on inferring Worldcoin’s monthly chart, it shows a monthly price performance of 51.22% increase. This significant price rally has garnered the market’s attention on the token. This is further illustrated by WLD’s RSI value 66.85 indicating a buying pressure in the market. Will Worldcoin Price Inch Closer to its ATH? Worldcoin’s price witnessed major dips after it hit an ATH in March 2024. The altcoin prices fell significantly (almost 10x). However, this past month has seen notable recovery attempts by the altcoin as it surpassed several resistance levels. WLD/USDT Daily Price Chart (Source: TradingView) On inferring the token’s technical indicators, the Moving Average Convergence Divergence (MACD) signal line stands clearly above the MACD line as per TradingView data. This indicates a bullish trend in the altcoin as confirmed by price actions. If the token manages to sustain its price rally, then it can be expected to face resistance at $2.33 and $2.45. However, if it lets bearish dominance then it might fall to a support level of $1.54. Similarly, other altcoins such as SUI and Ethereum have also shown bullish price movements. Highlighted Crypto News Today: Vitalik Buterin Explores Ethereum’s Post-Merge Potential

Vitalik Buterin advocates reducing Ethereum’s staking threshold. Faster Ethereum transactions through “single-slot finality” proposed by Buterin. Ethereum co-founder Vitalik Buterin has recently taken to social media to share insights into the blockchain’s development and future. In a detailed blog post on October 14, Buterin reflected on Ethereum’s evolution since the Merge, the major 2022 upgrade that transitioned the network from proof-of-work (PoW) to proof-of-stake (PoS). While the Merge was a milestone event, Buterin stressed that there are still areas in need of improvement. One of the primary goals, according to Buterin, is reducing transaction times, which currently take up to 15 minutes. He proposed “single-slot finality,” a solution that could drastically cut transaction times and reduce network congestion. Moreover, Buterin also addressed the high barrier to staking, which currently requires 32 ETH—an amount too large for many users. He suggested lowering the requirement to 1 ETH, making staking more accessible and further decentralizing the network. Meanwhile, on the security front, Buterin emphasized the importance of safeguarding Ethereum from potential future threats, including those posed by quantum computing. He also proposed enhancements to protect against 51% attacks and improve overall network resilience. Vitalik, A Philanthropist !? While driving technological advancement, Buterin has also been active in philanthropy. Over the past nine days, he has converted $2.78 million worth of memecoins into Ethereum, donating $884,000 to various charities. Memecoins, which are often sent to him, include Moo Deng (MOODENG), Monsterra (MSTR), and ETHEREUM IS GOOD (EBULL). Buterin praised memecoin issuers for their donations but encouraged direct contributions to charitable causes. Buterin’s recent visibility has led some economists to suggest he may be a future Nobel Prize contender, citing his contributions to blockchain technology and Ethereum’s transition to PoS. With Ethereum’s next upgrade, Prague-Electra (Pectra), scheduled for 2025, Buterin’s vision continues to shape the protocol’s future trajectory Meanwhile, Ethereum native token, ETH is trading at $2533 with 2.74% surge in the past 24 hours and in the same timeline, the trading volume is up 56%. Highlighted News Of The Day SUI Begins the Week with New All-Time High Amid Market Optimism

XRP has been one of the underperformers in the current crypto market cycle, remaining approximately 86% below its all-time high of $3.84 reached on January 4, 2018. Remarkably, despite significant fluctuations in the meantime, XRP is trading at a price similar to where it was one two years ago in October 2022. Crypto pundit known as CryptoTank (@Tank2033js) shared an explanation on X to clarify why the XRP price isn’t moving as some might anticipate. With 214,000 views, the thread gained a lot of attention. Why Is XRP Price Stagnating? When Will It Change? “I’m getting a lot of comments about XRP price and why it’s not moving,” began CryptoTank. “Let me explain once more how XRP price is determined for the new people to this space and those that still have trouble understanding.” According to his analysis, the price of XRP is calculated by dividing the value or volume transacted on the XRP Ledger (XRPL) by the circulating supply of XRP. However, he emphasizes that the commonly referenced circulating supply figure of approximately 56 billion XRP is misleading. “Just because 56 billion is in circulation, it does not mean that the whole 56 billion is on the ledger for use,” he noted. A significant portion of XRP is held in private wallets, by large holders known as “whales,” or stored on exchanges, and thus not actively participating in daily transactions on the ledger. “What matters for price is how much of that supply is active on the ledger,” he asserts. Estimating that about 20% of the circulating supply is active daily, he suggests that around 10 billion XRP are in use within the ledger’s ecosystem. This active supply is crucial for providing liquidity in Automated Market Maker (AMM) pools, which facilitate transactions by pairing XRP with other tokens or currencies such as RLUSD (Ripple USD). He explains that banks and financial institutions planning to use the XRPL for settlements will operate with their own tokens or central bank digital currencies (CBDCs), pairing them with RLUSD and utilizing the liquidity available in the AMM pools. The XRPL employs an algorithm designed to find the most efficient path for settlements, defaulting to XRP as the primary source unless an alternative offers a better route. “This algorithm uses XRP as the default source of settlement and will only use something else if it’s better than XRP, which most likely won’t be the case,” he elaborates. To illustrate the potential magnitude of value transacted on the ledger, CryptoTank highlighted the daily settlement volumes of several major financial institutions. SWIFT, the global provider of secure financial messaging services, processes approximately $5 trillion in daily settlements. J.P. Morgan Chase, one of the largest banking institutions in the United States, handles around $10 trillion daily. Bank of America processes about $7 to $8 trillion each day, and SBI Holdings in Japan settles approximately $2 trillion daily. “That’s about $25 trillion daily in settlement with just four banks/institutions,” he points out. Moreover, Ripple, the company behind XRP, reportedly has over 1,700 non-disclosure agreements (NDAs) with various banks and financial institutions, suggesting a vast network of potential users for the XRPL. By conservatively assuming that only 10% of the settlement volume from these four institutions moves onto the XRPL, he estimated an on-ledger transaction volume of $2.5 trillion daily. To ensure smooth and frictionless transactions without failures—a critical requirement for banks—the liquidity in the AMM pools would need to be substantial. “These pools have to be about double the $2.5 trillion value to avoid failed transactions and friction within the pools. Banks cannot have failed transactions,” he stressed. This means that the total value or volume on the ledger would need to be approximately $5 trillion to accommodate the settlements efficiently. Using these figures, he calculates the necessary price of XRP to facilitate this level of daily settlement. “To determine the price XRP needs to be to avoid friction and have deep enough liquidity pools to settle without failure between different currencies or CBDCs, you take the $5 trillion and divide it by the 10 billion of XRP in the pools,” he explains. This calculation yields a required XRP price of $500. “XRP’s price would need to be $500 to facilitate settlement daily,” he emphasizes. “This is a very basic example of what will happen when these banks start using XRP daily for settlement,” he adds. He acknowledged that other factors could further enhance the value on the ledger, such as the tokenization of assets, debt, and real estate. “There are other factors like tokenized assets, tokenized debt, tokenized real estate, etc., that will all add value to the ledger in the future,” he notes. Addressing skeptics who doubt the potential for XRP to reach such high valuations, he states: “For anyone saying XRP will never be a high price, you really don’t understand what XRP is going to be used for or how it works. Retail doesn’t matter, market cap doesn’t matter, charts are nice to look at but don’t matter either.” He argues that traditional metrics used to assess cryptocurrency value are less relevant in the context of XRP’s intended utility for institutional settlements. “You can’t chart how much liquidity or depth of AMM pools will be needed to handle the settlement of those 1,700+ NDAs on a daily basis,” he contends. “Nobody has any clue how high that number will be. XRP must be a high price or it won’t work efficiently to do what it was designed to do, which is handle large transactions fast and cheap.” However, not everyone in the crypto community agrees with his assessment. A user representing chart analysts on X responded to his thread, stating: “Wrong: The chart is the only thing that matters. Buy coins based on chart technical analysis and you do a lot better than buying narratives and hoping for it to pump. That’s why 99% of retail fails. Sad but true.” In response, CryptoTank defended his position, emphasizing the impending shift in the crypto landscape due to institutional adoption. “You clearly have no idea how utility tokens work or what is about to take place globally in this space,” he retorted. “Soon retail speculation will be dwarfed by institutional adoption and usage. 99% of coins will become obsolete. The big money is coming into the game and everything will change.” At press time, XRP traded at $0.542.

TRON (TRX) recently garnered attention by incinerating over 10 million tokens, demonstrating its dedication to a deflationary approach intended to enhance its value. Currently, TRX is trading at roughly $0.1605, indicating a small increase. Analysts express optimism on TRON’s future, forecasting a 57% price increase during the next three months, and an even more remarkable 208% rise over six months, figures from CoinCheckup show. This optimistic perspective indicates that TRX may be poised for a substantial upward trajectory in the cryptocurrency market. A Robust Technical Foundation The technical indicators for TRX are converging towards a positive sentiment. The price chart demonstrates a modest upward trend, while the Relative Strength Index (RSI) is presently at 57.58. This statistic indicates that TRX is approaching overbought area, however there still potential for more gains. The Stochastic indicator, currently at 66.63, reinforces this bullish perspective by demonstrating momentum without indicating imminent exhaustion. Collectively, these factors suggest that TRX may sustain its upward trend in the short future, rendering it an appealing opportunity for investors. Increasing Enthusiasm For TRON Alongside the token burn, TRON has had a decent increase in daily active addresses, indicating a growing investor interest, data from IntoTheBlock shows. Although the general trend seems constant, this minor uptick suggests that more people are entering the market. This increasing participation may enhance the token’s upward trajectory, particularly when coupled with the current deflationary strategies. As TRON endeavors to diminish its circulating supply, these elements may establish a foundation for heightened prices. Market Sentiment And Trading Conduct Despite the positive statistics, traders remain extremely cautious. The Long/Short Ratio shows shorts slightly outstrip longs with 54% shorts and 46% of longs. This is a ‘wait-and-see’ attitude by traders while awaiting a possible volatility in the price movement of TRX. The TRX OI-Weighted Funding Rate is at approximately 0. That means that the balance of longs to shorts is neutral, and hence it may also reflect positively on market sentiment pending short-term variability for TRX’s price. Recent burning of tokens by TRON and the steady increase in active addresses can boost the momentum TRX needs to post solid growth rates for the next couple of months. Technical indicators depict a positive trend and solid price projections, which shows TRX will gain substantially in the short term. Featured image from Pixabay, chart from TradingView

Ethena (ENA) saw a 22.55% price increase, rising from $0.3312 to a high of $0.4059. Ethena Labs proposed adding Solana (SOL) as collateral for its synthetic stablecoin, USDe. The synthetic dollar protocol Ethena native crypto ENA has jumped more than 22.55% in the last 24 hours, rising from a low of $0.3312 to a high of $0.4059. Currently, ENA is trading at $0.3941 with a market cap of $1.09 billion. Over the past week, ENA has gained over 33.66%, and in the last month, it has surged by an impressive 77%. Additionally, the daily trading volume for ENA has soared over 128% in the past day to $230.61 million. Ethena (ENA) Price Chart (Source: CMC) The exciting rally in the altcoin primarily driven by Ethena Labs’ recent proposal to integrate Solana (SOL) into the USDe ecosystem as a backing asset. This announcement follows Ethena’s launch of six USDe synthetic stablecoins on the Solana blockchain in August, which utilized LayerZero’s OFT standard. What Makes Ethena’s USDe Different from Other Stablecoins? What sets USDe apart from stablecoins like Tether (USDT) and Circle’s (USDC) is its synthetic nature; it’s not backed by fiat assets at a 1:1 ratio. Instead, USDe maintains its $1 peg by collateralizing stablecoins and utilizing a hedged cash-and-carry trading strategy. This approach is further supported by a reserve fund created to mitigate risks arising from market fluctuations. However, the integration of SOL as collateral is still awaiting approval from Ethena’s independent Risk Committee. If the Risk Committee greenlights the proposal, Ethena plans to allocate $100-200 million in SOL. This allocation would constitute around 5-10% of SOL’s open interest. Additionally, Ethena has recently allocated $46 million from its reserve fund. This investment focuses on tokenized real-world assets through platforms like BlackRock’s BUIDL and others. As the ecosystem continues to evolve, Ethena’s innovative strategies are poised to capture the interest of both investors and enthusiasts alike. Highlighted Crypto News Today Monochrome Unveils Australia’s First Spot Ethereum ETF on Cboe

Monochrome launches the world’s first Ethereum ETF on Cboe Australia. IETH offers in-kind redemption for Ethereum, enhancing flexibility for investors. Monochrome Asset Management is poised to make history with the launch of the world’s first Ethereum exchange-traded fund (ETF) on Cboe Australia. Furthermore, the company’s Ethereum ETF, known as the Monochrome Ethereum ETF (IETH), is likely to attract significant attention. Investors seeking exposure to Ethereum can benefit from this option, as it effectively eliminates the complexities of directly holding the cryptocurrency. Monochrome’s IETH will be the first spot Ethereum ETF in Australia. This event follows Monochrome’s successful application with the Australian Securities and Investments Commission (ASIC) on September 4, 2024. The approval represents a major milestone in the Australian crypto landscape. However, as global demand for digital asset investments rises, Monochrome leads the charge to provide a regulated and secure avenue for investing in Ethereum. Trading for Monochrome’s Ethereum ETF (IETH) is set to commence on Monday at 11 AM UST. This launch comes after the successful introduction of its Bitcoin ETF (IBTC) in August 2023, which has attracted $15 million (approximately US$10.1 million) in investments. Monochrome’s Approach to Ethereum Investment One of the features of Monochrome’s Ethereum ETF is its in-kind redemption model. This feature allows investors to redeem their shares for actual Ethereum. Moreover, it provides flexibility and liquidity for both institutional and retail investors alike. Additionally, the ETF is designed to track the price of Ethereum closely. This structure gives investors an easy way to gain exposure to Ethereum’s price movements. Monochrome has emphasized the regulatory compliance of its ETF, ensuring that it meets all the necessary standards set by ASIC. Furthermore, the introduction of the Ethereum ETF comes at a time when the Australian crypto market is seeing increased demand for digital asset products. The launch of Monochrome’s Ethereum ETF on Cboe Australia is a significant development for the global crypto market. Highlighted Crypto News Today Will Bitcoin Bulls Take Charge as BTC Targets New Resistance?

Bitcoin price spiked by 2.47% in the last 24 hours, trading at $64.3K. BTC transaction fees have surged by over 32%. The cryptocurrency market is attempting to recover from the downside trajectory. Overall market cap has reached $2.24 trillion within the past 24 hours. The recent price momentum of Bitcoin (BTC) suggests the brief possibility of further gains. After dipping below the major support levels, BTC has moderately rebounded in the past few days. Notably, over the past 24 hours, the asset has gained 2.47%. The asset plunged to $62,035 and eventually reached a peak of $64,464. During this timeframe, the daily trading volume of BTC has increased by 47% to $23.69 billion, and currently, the asset trades at $64,340, as per CMC data. Moreover, the Fear and Greed Index of BTC stays at 48, suggesting neutral sentiment in the market. Reportedly, Bitcoin has witnessed a 24-hour liquidation of $52.32 million. On the other side, the transaction fees of Bitcoin soared by over 32% last week, with miners earning $5 million in fees. Crypto analysts hint the fee hike coincides with the resurgence in Runes transactions, which is a fungible token standard on the Bitcoin network. Reportedly, the transactions have crossed over 50% of Bitcoin’s blockspace in the past week. It pushes the average BTC transaction fee up by 65%. What’s Ahead for BTC Price? The asset started trading at $63,625 when the last week began. As days progressed, the Bitcoin price fell back to a low of $59K range. The downside pressure continues, and BTC struggles to break and soar above $63K. If the uptrend of BTC restates its momentum, the asset will likely test the initial resistance at around $65,640. Breaking this range could lead to a rally further towards a high target. Conversely, if this uptrend fails, BTC could fall to a support zone at $63,275. The price might potentially fall even lower if the downside momentum persists. At press time, the technical chart displays the short-term 50-day MA at $62,231, and the long-term 200-day MA at $62,054, below the current price range. Besides, the daily relative strength index (RSI) is positioned at 60, indicating BTC’s price momentum in neutral market sentiment. Meanwhile, the four-hour Moving Average Convergence Divergence (MACD) of BTC suggests a negative trend and decreased buying pressure, as the signal line is found below the MACD line.

SUI reached a new all-time high of $2.36, indicating strong bullish momentum in the market. The SUI price has surged 113% over the last month and 437% over the past year. SUI, the native cryptocurrency of the Sui Network, a leading layer-1 blockchain, has reached a new all-time high of $2.36, according to recent data from CMC. The surge occurred during early Asian trading hours, pushing the token beyond its previous high of $2.26, which was recorded two days earlier on October 12. This latest price action has sparked optimism among traders, who believe SUI is regaining lost momentum. SUI has been trading in a rangebound pattern since hitting its previous high of $2.26. Over the past month, the crypto has seen an impressive 113% price increase, and it’s up 437% over the last year. Currently, SUI has pulled back slightly, but it remains strong above the $2.23 zone. SUI’s Trading Overview and Key Price Targets At the time of writing, SUI is trading at $2.24, with a market capitalization of $6.18 billion and a daily trading volume of $1.16 billion, surpassing Near Protocol (NEAR) in market cap. As a result, the crypto price may stabilize within the price discovery phase and maintain a strong upward trend, potentially reaching higher targets. Market analysts expect the next key price target for SUI to be between $2.50 and $3, but only after it meets certain conditions. There may be a minor pullback as the token has hit a strong resistance level. Bears will attempt to push and hold the price below the breakout level of $2.16, potentially trapping aggressive bulls. If bears manage to push the price below $2.16, a correction toward the 20-day EMA of $2.14 could occur. A drop below the 20-day EMA could send the SUI/USDT pair deeper down to $1.81 if the support fails to hold. SUI Price Chart (Source: TradingView) However, technical indicators remain bullish. The MACD is above both the signal and zero lines, while the RSI stands at 66.98, signaling strong upward momentum. If the altcoin stays above $2.22, it may act as a support level, potentially kicking off the next leg of its uptrend towards the $2.50 mark and beyond. Highlighted Crypto News Today BNB Price Remains Stable Despite Dramatic Decline in Network Fees

Recent trading activity reveals that WIF is gaining bullish momentum, with its price surging toward the critical $2.89 resistance level. After a brief pullback, buyers are stepping in, driving the asset higher and setting the stage for a potential breakout. A successful break could open the door to new gains, further reinforcing the positive sentiment in the market. As the price approaches this crucial level, the goal of this analysis is to determine whether WIF can sustain its upward strength and break through the $2.89 resistance. By evaluating key technical indicators, price trends, and market sentiment, this review will delve into the possible outcomes of this pivotal test, assessing the likelihood of either a continued rally or a possible pullback. Current Price Momentum: WIF Push Toward $2.89 WIF is exhibiting strong bullish momentum following a recovery from the $2.6 support level. By consistently trading above the 100-day Simple Moving Average (SMA), the cryptocurrency indicates that buyers are firmly in control, reflecting a strengthening trend. Maintaining this position could enhance optimistic sentiment and generate the push necessary to challenge higher resistance levels, particularly the $2.89 mark. An analysis of the 4-hour Relative Strength Index (RSI) indicates a renewed upbeat potential, with the RSI climbing back to 62% after dipping to 50%. If the RSI continues to rise, it could point to further gains for WIF, as the asset regains strength and attracts more bullish traders aiming to push the price toward key resistance zones. Furthermore, the daily chart indicates that WIF is under significant upward pressure, marked by a bullish candlestick formation after rebounding from $2.6 and trading above the 100-day SMA. This suggests strong buyer activity, positioning the meme coin to challenge the critical resistance level of $2.89. Also, the RSI on the daily chart currently stands at 66%, comfortably above the 50% threshold, indicating a positive shift in momentum for WIF. A sustained position above 50% generally signifies that buyers are in control. If this pressure continues, it could lead to more price appreciation as traders remain optimistic about the asset’s potential to break through key resistance levels. Potential Outcomes: Rally Continuation Or Pullback? A continuation of the current rally could see WIF breaking above the $2.89 resistance, paving the way for further gains and possibly reaching new highs. This scenario is supported by the positive momentum indicated by the RSI and the price’s position above the 100-day Simple Moving Average. Should WIF fail to break through the $2.89 resistance, it could face a pullback toward the $2.2 support level. A drop below this support would raise doubts about the sustainability of the current upward movement, potentially triggering a more significant decline toward the $1.5 support level.

Ethereum, in the last 24 hours surpassed $2.5K for the first time since October 1. The altcoin’s daily trading volume surged 35.69% as per CMC data. Another week begins with investors still holding strong to their optimism. The community awaits the anticipated bull runs, while the price charts depict modest gains. In the last 24 hours, the overall crypto market has shown increases in both its market cap and trading volume. Notably, leading altcoin Ethereum has transcended its resistance at the $2.5K level in a remarkable move. Meanwhile, the largest cryptocurrency, Bitcoin, has shown gains, attempting to hit $64,000. This can be seen reflected evidently in Ethereum and other altcoins. Inferring the Ethereum daily price chart, ETH shows a price increase of 2.46%. In the Asian morning hours of October 13, the altcoin traded at $2,462. Following this, it fell to further support levels at $2,450. However, on October 14, bulls began to overpower the bears as the token rallied to surpass $2,500 for the first time since the beginning of October. At the time of writing, Ethereum was trading at $2,526 as per CMC data. Furthermore, the crypto community has been quite disappointed with Ethereum’s price actions in the past month. The cryptocurrency has failed to show any significant recovery after the last market crash, unlike Bitcoin. Ethereum has been trading within a consolidated phase at the $2,000 level since September. Additionally, when reverting to Ethereum’s weekly price action, it shows a 1.64% increase. This has caused traders to speculate on an incoming price rally in the coming days. Will Ethereum Witness a Bullish Rally in the Coming Months? On inferring Ethereum’s technical indicators, certain aspects come to light. The token’s Moving Average Convergence Divergence (MACD) signal line recently crossed over the MACD line. This indicated a positive momentum in the altcoin and can be expected to highlight an incoming bull run. ETH/USDT Daily Price Chart (Source: TradingView) Moreover, the market sentiment shows buying signals as the RSI stands at 54.37. Additionally, the bull-bear power trend shows that the bulls dominate with a value of 4.53 while the bears hold a value of 2.73. This further highlights a bullish trend in Ethereum. Finally, the US SEC recently has further delayed its decision on Ethereum Options trading. Meanwhile, the overall crypto market has shown increased liquidations in the past 24 hours as per coinglass data. Highlighted Crypto News Today: BNB Price Remains Stable Despite Dramatic Decline in Network Fees

The legendary Blockchain Life 2024 forum is set to take place on October 22-23 in Dubai. With over 10,000 participants from 120 countries, the forum vows to be a hub of insider knowledge and expert market analysis sharing key information in anticipation of the Bull Run 2025. This year’s event boasts an impressive lineup of industry leaders, including Paolo Ardoino (CEO of Tether), Yat Siu (Co-Founder of Animoca Brands), Frederik Gregaard (CEO of Cardano Foundation), and Sunny Lu (CEO of VeChain). In addition to these key speakers, there will be prominent figures from major blockchain projects such as MetaMask (Program Lead – Zied Brini), Tezos (Co-Founder – Arthur Breitman), and Trust Wallet (CEO – Eowyn Chen), providing insights into market trends and technological advancements. The two-day forum is set to offer unparalleled networking opportunities, bringing together a high-quality audience of investors, founders, and market insiders. Participants will have the chance to engage in behind-the-scenes discussions, gaining valuable insights and making connections that could prove crucial as the market prepares for its next phase of growth. The forum also emphasizes its focus on innovation and the future of blockchain technology, featuring a diverse array of speakers from across the blockchain and Web3 ecosystem. Participants can get unparalleled knowledge, from decentralized finance (DeFi) to Cryptocurrencies, NFTs, GameFi, AI, and beyond. As the 13th International Forum on Web3, Cryptocurrencies, and Mining, Blockchain Life 2024 is expected to be a landmark event in the industry. Tickets are still available, and participants can secure a 10% discount using a special promo code. Ticket link: https://blockchain-life.com Promo Code: TheNewsCrypto 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. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Every day new trends come along in the world of cryptocurrency and it is apparent firsthand that the rise in pricing or growth in utility is not always the concentrating aspect of innovation, market sentiment, and enlargement within the community. Just recently, it came to light that Rexas Finance (RXS) has become the most sought-after cryptocurrency on the internet, leaving even Hamster Kombat (HMSTR) and NEIRO behind. Such achievement emphasizes not only the increasing pace of Rexas Finance’s expansion but also the transformation underway across the entire cryptocurrency market. A New Player in the Market In the fast-developing field of Real World Asset (RWA) tokenization, Rexas Finance claims to be the dominant player. Most of the cryptocurrencies are either centered around speculation and trading or simply a meme, but Rexas Finance is unique and interesting. The platform allows ordinary individuals to become investors by offering a solution to tokenize real estate assets. Such innovations have made Rexas Finance unique in an already saturated market because they help in easy asset tokenization.The boom in the interest of Rexas Finance can be linked to more than one factor, such as the use of advanced technology, the convenience of the resources, and the attention paid to safety and legal requirements. In contrast to Hamster Kombat and NEIRO, which sell themselves on the creativity of their themes or formats, Rexas Finance is based on a clear intention to change the place of assets in the modern world. Why Relational Real-World Asset Tokenization is Interesting The other core space of inspiration for the development of Rexas Finance is access to the asset, as it is owned by many people. The ecosystem offers services that allow both individuals and corporations to easily issue, market, manage, and exchange assets in the form of tokens. This aspect of user focus is especially important in recent times when most of the investors are looking for projects that will make a difference rather than projects that are spraying cash.By using blockchain technology, transparency and transaction fees as well as security are improved, making Rexas Finance a nice place to invest. Because the current financial systems have been criticized for their inefficiencies and excessive operations devoid of transparency, there is going to be a continuous inclination toward solutions that are just like the ones offered by Rexas Finance. Engaging the Community The presale has already produced impressive results, with Rexas Finance collecting huge sums within a short period. The current stage of the presale is stage four and a price of $ 0.060 has been set for each RXS token and the target of $ 2,750,000 has been achieved. Looking at the community support for Rexas Finance, the business is expected to continue growing, which may in turn lead to increased search interest and presence in the market.Rexas Finance also strategized on how best to engage the community as they build their brand and extend their reach. Initiatives such as the Rexas Millionaire Giveaway promotion have fanned the interest of potential investors. Tempting with impressive reward packages and urging people to sign up for the presale has put Rexas Finance in the hearts of many people.This tactic promotes interest in the project as well as making it in the high-competition market of cryptocurrency. Consequently, Rexas Finance has managed to win over investors who want more than just the same old meme coin. By having a precise objective and the involvement of many people, Rexas Finance is creating a name for itself in a fierce market environment. Looking Ahead: The Future of Rexas Finance There seems to be no end to the undeterred momentum behind the works of Rexas Finance. Following the incredible presale and the ever-increasing number of searches regarding the project on Google, the project has bright prospects in the years ahead. Regarding passive return models, investors’ expectations are indeed very optimistic, where a potential rally will be at 4600% by 2025 seems achievable.As Rexas Finance evolves and improves its business operations alongside the trends in the market, there is a well-anticipated market niche in cryptocurrency. A plethora of a strong tech base, focusing on the community, and articulating the vision of the asset tokenization give Rexas Finance a competitive edge against its rivals such as Hamster Kombat and NEIRO.Finally, Rexas Finance has overtaken all the other pastes as the most ‘Googled” cryptocurrency, showing a shift in the attention of investors to the development of the projects, applicable in practice. The crypto market is growing and as such, the development will center more on giving real-life alternatives to real-life problems. With the said objectives of bringing funds to the masses and connecting them with the concerned, Rexas Finance is not just another trend; it is how today’s society invests in cryptocurrencies. 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.