Bitcoin (BTC) is trading at $61,150 after a low of $58,895, signaling a slight recovery. Bitcoin hit an intraday high of $61,437 but is struggling to maintain momentum above $61,300. The Bitcoin (BTC) price continued to dip, reaching as low as $58,895 before making an attempt to recover. At the time of writing, BTC is trading at $61,317 with a market cap of $1.21 trillion. The intraday high reached $61,437, but Bitcoin is finding it difficult to push above the $61,300 mark. Despite a slight uptick in daily trading volume, which rose by 8% to $30.59 billion, Bitcoin is struggling to initiate a fresh upward trend. A recent low of $58,895 indicates that the price is consolidating losses. However, BTC saw a minor recovery above $61,200, breaking through the 23.6% Fibonacci retracement level from the earlier dip. The recent drop in BTC’s price intensified after the latest US Consumer Price Index (CPI) data showed inflation at 0.2% in September, exceeding market expectations. This unexpectedly high inflation has created concerns in the market, likely contributing to Bitcoin’s fall below $60,000. Will Bitcoin continue to decline, or will it start to rise again? Bitcoin’s Path: Key Resistance and Support Analysis The immediate resistance stands at $61,750. If Bitcoin manages to break above this point, the cryptocurrency could see a push toward $62,000. A successful close above this level could pave the way for further gains, potentially allowing the price to test the $62,800. Further gains might drive the price to test the $63,500 level or even $64,000 in the coming days. However, technical indicators are showing signs of struggle. The 4-hour MACD is losing strength in the bearish zone, and the RSI is sitting below 50, indicating a lack of buying pressure. If Bitcoin fails to overcome the $61,800 resistance zone, it might trigger another decline, with immediate support found at $59,400. Major support levels are at $58,750 and $58,500, and any further losses could see Bitcoin heading towards the $57,000 support level in the near term.

Leading cryptocurrency trading platform, Gate.io, will list Puffer (PUFFER) for trading on October 14, 2024, at 20:00 (UTC+8). Puffer has evolved into a leading innovator in the Ethereum infrastructure space, focusing on next-generation rollup solutions called Based Rollups, supported by liquidity restaking (LRT) and pre-confirmation technology AVS. With products like Puffer UniFi Rollup and Puffer UniFi AVS, Puffer aims to help decentralize Ethereum and maintain its credible neutrality. In addition to listing PUFFER for trading, Gate.io will also launch a PUFFER mining event on its Startup Mining platform. This event will offer users the opportunity to earn project tokens as rewards by staking GT or PUFFER. The specific details are as follows: Startup Mining: Puffer (PUFFER) Staking Event Details Mining Amount: 1,500,000 PUFFER Staking Assets: GT or PUFFER Event Period: October 14, 2024, 20:00 (UTC+8) – October 21, 2024, 20:00 (UTC+8) Startup Mining is an innovative feature introduced by Gate.io for users to participate in staking or providing liquidity while earning new project tokens as rewards. By staking specified tokens, users can benefit from participating in the early stages of projects and earn significant token rewards. “Multi-Mining” Feature for Maximizing Returns Notably, the PUFFER mining event will support the latest “Multi-Mining” feature of Startup Mining. This feature allows users to earn multiple new token rewards by holding a single asset in different staking pools simultaneously. Users can manage their assets more efficiently and flexibly, enjoy more earning opportunities, and maximize their returns. Currently, Startup Mining supports “Multi-Mining” for GT holders. Through the listing of PUFFER trading and mining activities, Gate.io aims to provide users with more diverse investment options and participation opportunities. For more details about the event and how to participate, please visit the Gate.io official website or look for the latest announcements on the platform. 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.

Victoria, Seychelles, October 11th, 2024, Chainwire Bitget, a leading cryptocurrency exchange and Web3 company, announces a significant feature launch, Telegram App Centre, curating over 600 Telegram mini-apps all in one place, making it the most comprehensive page on the market outside of Telegram. This feature enables users to discover and interact with the latest airdrop opportunities, trending communities, and play-to-earn games directly from within their Bitget accounts. Bitget’s new Telegram Mini-App page offers a seamless user experience, allowing individuals to explore a wide array of applications while trading on the platform. This initiative offers faster access to innovative apps and streamlined participation in airdrops, providing users with unique opportunities to engage with emerging projects in the blockchain space shortening the search processes. Telegram boasts nearly 1 billion global users, and the TON ecosystem is rapidly rising, supported by over $425 million in Total Value Locked (TVL) and hundreds of millions of daily active users. Bitget’s latest feature integration positions the platform as a vital entry point for those looking to explore the expanding ecosystem, bringing them closer to decentralized applications, bots, and tools that have the potential to reshape how users interact with the Web3 world. Bitget’s Telegram Mini-App hub complements its broader support for the TON ecosystem, which includes priority listings of prominent tokens like DOGS, Hamster Kombat, and Notcoin, a $20 million TON Ecosystem Fund to promote early-stage blockchain projects and the $30 million investment into the TON blockchain. The integration of these apps provides users with seamless access to key developments and play-to-earn opportunities that drive mass adoption of blockchain technologies. For more information about Bitget’s Telegram Mini-App page and to explore over 600 decentralized applications on TON, users can visit here. About Bitget Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including being the Official Crypto Partner of the World’s Top Professional Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team). For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, users can contact: [email protected] Risk Warning Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use. Contact PR team [email protected]

Ethereum trades at $2.4K, with a modest gain over the past 24 hours. The market observed a liquidation of $28.86 million worth of ETH. The altcoin market has shown mixed signals from the start of the week. Ethereum (ETH), the largest altcoin, is grappling to sustain itself in the $2.5K mark. The asset’s price has been caught between the key support and resistance levels. Notably, ETH witnessed several price dips in the past few days. The daily price chart shows the token’s struggle to drive the price above $2.5K. ETH managed to trade at $2,416 while recording a modest gain of 0.92% at press time, according to CMC data. Over the day, ETH registered the lowest price at $2,329 and the highest at $2,417. The market observed a liquidation of $28.86 million worth of Ethereum during this timeframe, as per CoinGlass. Meanwhile, the daily trading volume of ETH stayed at $15.12 billion. Despite that, an analyst observes that $2.3K is the crucial support level for Ethereum, where 2.4 million addresses have purchased 52.6 million ETH at this price. If the price falls below this demand zone, it could trigger a sell-off as investors may sell their holdings to minimize the losses. Will ETH Overcome the Bearish Pressure? The largest altcoin’s weekly price chart reveals a brief gain of 1.65%, which noted ETH’s high at $2,510. ETH continued to trade within the moderate range. The asset opened the week at the $2.3K mark and continued to trade within $2.4K. If the anticipated bullish signals showed up, ETH might push its price towards $2,598. If this momentum continues, the asset could be targeted for the next major breakout. However, if Ethereum fails to hold the bullish momentum and struggles to surpass the $2.5K mark, the price may slip to the consolidation zone, which has the potential to direct the asset’s price to the $2.3K range. On inferring TradingView, Ethereum is moving towards the neutral zone, as the daily relative strength index (RSI) is positioned at 49.11. Moreover, the asset’s daily frame displays the short-term 50-day MA below the long-term 200-day MA. Besides, ETH’s Moving Average Convergence Divergence (MACD) signal line stands below the MACD line, suggesting a negative market sentiment.

UNI token surged 19.21%, hitting a 3-month high after the launch of Uniswap’s L2 network, Unichain. Unichain is created to enhance Ethereum’s transaction speeds and lower fees. The governance token of the Uniswap decentralized exchange has surpassed the global crypto market by recording the highest gains on October 11. According to the CMC, UNI has climbed 19.21% over the past 37 hours following the launch of its layer-2 network, Unichain. The price of UNI rose from a low of $7.08 to a high of $8.44, a level last seen in mid-July. This represents a 28% increase over the last week and a 23% rise over the past 30 days. UNI Price Chart (Source: CMC) At the time of writing, UNI traded at $8.16, retracing slightly but still up around 6% in the last 24 hours. Additionally, the daily trading volume of UNI jumped by more than 288%, reaching $736 million. With a market cap of $4.88 billion, UNI has secured the 21st position on CoinMarketCap. This reflects strong investor interest amid these developments. Can Unichain Address Scalability and High Fees in DeFi? Uniswap Labs has officially introduced Unichain, a layer-2 blockchain network set to enhance the Ethereum ecosystem. As built upon the Optimism Superchain, Unichain aims to provide faster and more affordable transactions. It addresses common challenges such as scalability, high transaction times, and steep fees that have affected decentralized finance (DeFi) applications on Ethereum. The launch of Unichain also seeks to solve liquidity fragmentation issues, as tokens are often dispersed across various layer-2 networks that struggle to interact seamlessly. By leveraging Optimism’s infrastructure, Unichain aims to create a more integrated DeFi environment. Additionally, the new network has pledged to improve transaction speeds and reduce gas fees compared to Ethereum’s mainnet. This will enhance accessibility for users. Unichain’s private test network is expected to go live soon. This marks an exciting chapter for Uniswap and its community as they embark on this innovative journey. Highlighted Crypto News Bitnomial Sues SEC Over XRP’s Classification as a Security

Ethereum is at a pivotal moment after failing to break above the $2,500 mark on Monday. With the entire crypto market anticipating a potential rally, Ethereum investors carefully watch for any signs of strength within the network. However, growing concerns about a possible deeper correction loom over the market. Key metrics from IntoTheBlock indicate that if Ethereum breaks below the $2,300 level, a significant sell-off could follow, increasing pressure on the price. This has created a tense atmosphere among traders and investors as they wait for a clear confirmation that Ethereum can hold strong above this critical support level. As the broader market experiences uncertainty, Ethereum’s performance in the coming days will likely determine its trajectory. Investors are hoping for bullish momentum, but many remain cautious, aware of the risks that a drop below $2,300 could trigger. The next few days will be critical in shaping Ethereum’s future price action. Ethereum Price Testing Crucial Demand Ethereum is at a crucial turning point as its price remains indecisive, hovering between two significant levels that could result in substantial gains or losses once the trend becomes clear. Currently trading in a tight range, ETH investors and analysts carefully observe key support and resistance areas. Top analyst and investor Ali recently shared important data from IntoTheBlock on X, highlighting the critical nature of the $2,300 support level for Ethereum. According to the report, around 2.4 million addresses purchased approximately 52.6 million ETH around this level. This makes $2,300 a significant demand zone that, if breached, could trigger a wave of selling as investors look to protect their portfolios and minimize losses. If Ethereum holds above this critical support, the sentiment around ETH could shift toward a more positive outlook. Traders and investors may gain confidence, leading to a potential rally. Ali’s analysis underlines the importance of the coming days in shaping Ethereum’s price action. Ethereum’s performance at the $2,300 level will likely determine its short-term future, either as a foundation for gains or a trigger for deeper corrections. ETH Technical Analysis Ethereum (ETH) is trading at $2,420, following a 3% rebound from the lower demand zone around $2,330. Despite the recent recovery, the price remains under 2% away from the 4-hour 200 moving average (MA) at $2,467 and about 3% away from the 200 exponential moving average (EMA) at $2,495. These moving averages are critical resistance levels for ETH in the short term. Ethereum must break above the 200 MA and EMA and target resistance levels above $2,500 to push the price higher. A clear breakout above could open the door for further gains, with investors looking for signs of sustained momentum. However, if Ethereum fails to reclaim both indicators in the coming sessions, the risk of a deeper correction increases. In such a case, ETH could retrace to lower demand zones, potentially dropping toward $2,150. Traders and investors closely watch these levels as Ethereum’s next move will likely determine the near-term trend. Featured image from Dall-E, chart from TradingView

Jarretts argue staking rewards should be taxed only when sold, not upon creation. This is the Jarretts’ second legal attempt to clarify crypto tax rules. On October 10, 2024, Josh and Jessica Jarrett, Tezos network stakers, again filed a lawsuit against the IRS, challenging its taxation of block rewards from staking on the Tezos network. This case, now in federal court in Tennessee, asserts that tokens generated through staking should be classified as property. It subject to taxation only upon sale, not when created. The Jarretts argue that this reflects similar treatment to farmers’ crops or manufacturers’ products, which do not incur tax until sold. The IRS claims that block rewards are taxable as “income” when they are created, which the Jarretts contest as an unjust interpretation of tax law. According to them, block rewards are new assets that validators obtain when they contribute to blockchain transactions, thus constituting new property. This perspective aligns with the long-standing principle that new property is not automatically considered income. The IRS’s position, the Jarretts contend, leads to over-taxation and compliance difficulties for cryptocurrency users. Seeking Clarity on Cryptocurrency Tax Obligations This lawsuit marks the Jarretts’ second attempt to clarify their tax obligations regarding block rewards. Their initial case, filed in 2021. It was dismissed when the IRS refunded the taxes paid without providing clear guidance on the issue. Subsequently, the IRS issued a directive stating that all staking rewards would be treated as taxable income immediately upon receipt. This contradiction has fueled the current lawsuit, emphasizing the need for legal clarity on the taxation of cryptocurrencies. The implications of this case extend beyond the Jarretts. Millions of crypto users could face similar tax burdens if the IRS’s interpretation remains unchallenged. Critics argue that the IRS’s approach could deter individuals from participating in proof-of-stake networks, where staking is integral to network operations. As this case unfolds, it may pave the way for necessary regulatory changes in the burgeoning field of digital currencies. Tax policy must evolve to accommodate the unique characteristics of cryptocurrency, ensuring it fosters innovation rather than stifling it. Highlighted Crypto News Today Bitnomial Sues SEC Over XRP’s Classification as a Security

Botanika intends to channel the funds to grow its ecosystem including go-to-market (GTM). The company will be combining artificial intelligence (AI) technology with data to remain highly competitive. The decentralized storage space is a crucial element for the mainstream adoption of digital assets and web3 protocols. Botanika ($BONSAI), a Dubai-based company that is revolutionizing data storage through the use of artificial intelligence (AI) and blockchain technology, has successfully completed a funding round and secured $1.5 million. The company announced that the funds were contributed by 30 angel investors, who were not revealed. The company confirmed that the angel investors are committed to ensuring a successful project development. Botanika intends to channel the funds into business development including user acquisition, marketing, and launching its go-to-market (GTM). According to Siwon Kim, the Chief Executive Officer (CEO) and co-founder of Botanika, the newly acquired funds will play a crucial role in the development of its patented technology with the help of artificial intelligence (AI). “Botanika aims to innovate an area that has been overlooked for years—our world’s ability to safely store and transmit the cascade of data that is flooding the internet, thanks to emerging technologies such as generative AI. Our patented solution not only stands to outcompete current decentralized storage platforms but also rivals some of the largest names in centralized storage,” Kim noted. Kim further pointed out that the company is well positioned for exponential growth in the near future based on the robust trust obtained from prominent figures in the AI and data industry in the past. Some of the notable people working to ensure the success of Botanika include Jasmine Zhang, general partner at A&T Capital, Aamer Chaudhry, a principal at Accenture, Dr. Qurashi, the director of the data center at Kyndryl, and Dr. Al Sanad, a professor at King Saud University. Why Botanika Stands Out in the Decentralized Data Storage Market The web3 space has grown to a billion-dollar industry in the past few years fueled by the astronomical adoption of Ethereum (ETH) among other smart contract-based blockchains. Experts believe the web3 space will continue to grow exponentially in the coming years catalyzed by institutional funds. The development of decentralized financial (DeFi) protocols requires fast and secure access to data to ensure seamless adoption in a regulated manner. For instance, a web3 wallet with millions of users requires trusted data storage that is fast and efficient for customers to see transaction history. Botanika leverages the concept of a decentralized ledger, the growing field of decentralized Physical Infrastructure Networks (DePIN), and artificial intelligence to ensure reliable data storage for its clients. In order to ensure reliable, scalable, and cost-effective data storage, Botanika has launched its native hardware dubbed the B1 Node. With the B1 Node, users can deploy their data storage node within the Botanika network and stand a chance to benefit. Furthermore, the Botanika network uses its native token dubbed $BONSAI to reward its node operators. In return, the Botanika network gets to offer a reliable decentralized data storage ecosystem with a robust financial incentive.

Over the past 30 days Sui [SUI] has been on a roll, tripling its market capitalization and showing outstanding growth. Over 100% increase in value drove the token’s market capitalization above $5 billion. But as is always the case with cryptocurrencies, what rises must fall at least momentarily. The coin’s surge is exhibiting indications of stalling after weeks of increasing momentum. Traders are now closely observing what can happen next for this once-red-hot asset. According to crypto price prediction site CoinCheckup, SUI is selling 220% below its expected price for next month, suggesting a possible undervaluation. Price Slips And Declining Market Activity SUI was trading at $1.84 at press time after losing 5% of its value within only 24 hours. Based on CoinMarketCap, trading volumes have likewise dropped by 4%. This decline in activity suggests, at least for the time being, a decreasing interest in the token. The technical signs hardly seem much better. Tracking money flow into and out of an asset, the Chaikin Money Flow (CMF) has also been on a downward slope in the last seven days. This is an indication that money is fleeing SUI, usually leading to issues for price stability. Moreover, the CMF has entered negative territory, suggesting that purchasing interest is currently subordinated to selling pressure. SUI: Slowing Momentum But Potential Bounce The token started to sell off as its Relative Strength Index (RSI) dropped below a key signal line, indicating declining momentum. Still, there is a positive aspect here. Should the RSI show a positive turn once more, it may indicate a buying chance for those who think SUI has long-term promise. If selling keeps on, analysts say SUI might test support at $1.70; this might not be a negative outcome. Strong support levels draw buyers who see value at lower levels, thereby acting as a basis for the price to increase once again. SUI will have to barrel its way past the resistance at $2, a fundamental psychological and technical barrier, if it is to break out from its present downturn. Cooling Interest Meanwhile, SUI, which has lately been seeing explosive growth, also seem to be cooling off. From an all-time high of $560 million to $450 million, open interest declined 10% over the past 24 hours. This implies that traders are closing positions as excitement declines, thus helping to explain the general sell pressure on the coin. Some traders would see the drop in open interest as a sign of opportunity even with this cooling off. Prices falling always mean that buyers will re-enter the market, particularly if they feel SUI is underpriced. SUI still has promise long term. Over the following three months, analysts project a possible 240% price rise; over the next year, a 160% increase. For SUI, especially with a long-term perspective, the future appears bright even if the road ahead could be rocky. Featured image from ThoughtCo, chart from TradingView

Investors have transformed their meager investments into fortunes in the world of cryptocurrency. However, there are not as many stories as that of a crypto investor who held on to the altcoin Solana (SOL) to the peak price of $260 in 2021, making a whopping $70 million in the process. After going through several peaks and a recession with this top-performing crypto asset and showing levels of patience and belief like few have witnessed, this same investor is trending once again – this time mid of pouring $50,000 into a new and different more promising token: Rexas Finance (RXS). The Solana Success Story Solana’s emergence as a dominant player over the past couple of years is one of the most interesting stories in the history of crypto. Having started operations in 2020, the platform became known rather quickly with regards to bringing very rapid transactions and very low fees, which prompted interest from both dApp developers and DeFi projects. In January 2021, Solana continued to go for $2.50, and several investors at this stage of its history saw its utility yet to become what came after. During the same year, Solana rose in price to an unprecedented value of $260 making 104x returns for those who made early investments. The bullish trend saw the investors make reasonable gains with even one crypto investor making close to $70 million in Solana and still holding through the downfalls. This investor’s journey became fabled, becoming a lesson about the possibilities of time and a strong belief in a given cryptocurrency initiative. Rexas Finance (RXS): The New Bet At the moment, this same investor has the ambition to repeat this record, and Rexas Finance (RXS) is at the top of their new investment concept. Rexas Finance is a project centered around real-world asset (RWA) tokenization that allows investors to sell fractional ownership in physical assets such as real estate, commodities, and fine art via the blockchain. This novel strategy provides RXS with much-needed fundamental support, making it different from most speculating altcoins which lack utility soon. Rexas Finance has come to Stage 4 in its presale after a blistering sell-out of Stage 3. The ability or need for purchases was met mainly by the joined interest from retail and institutional investors on the presale with the RXS token valued at $0.06 during this stage. The fact that the crypto investor has invested $50,000 in Rexas Finance is a strong vote of confidence in the project’s prospects. This particular investor, who managed to hold onto Solana during the massive run, clearly understands how to pick high-growth potential projects and feels that Rexas Finance will be able to provide even higher returns. Why Rexas Finance Has Investors Excited Rexas Finance has been gaining a lot of traction among both seasoned and fresh investors thanks to a few critical factors. Its emphasis on real estate asset tokenization provides a realistic and beneficial scenario where people can participate in the ownership of pieces of real assets, hence making the investment realm a hybrid of virtual and real assets. The success of the presale with Stage 3 sold out quickly and Stage 4 commenced with 45,000,000 RXS tokens on offer at $0.06. There is much potential to gain in investing at such a low price. In addition, a $50,000 investment by the renowned crypto investor has also helped enhance investors’ confidence as whales are considered to be early investors in potential projects. With the cryptocurrency bull run of 2025 almost upon us, Rexas Finance is in the best position to exploit the current trends as people will be looking to invest more in real-world asset tokenization. It’s a timely and opportunistic investment. Rexas Finance has proven to be not only proficient in presale but has also come up with an interesting $1 million giveaway to mobilize the forces of its community. In the context of the giveaway, 20 winners have an opportunity to obtain RXS tokens estimated at $50,000 each, which makes it very tempting for early adopters to invest. Visit the Rexas Finance website today to learn more. Conclusion The crypto investor who made $70 million by buying Solana at $2.50 and selling it for $260, is today placing his bets on Rexas Finance (RXS), putting down on the project the amount of $50,000. Due to its emphasis on tokenizing real assets, considerable success during the presale, and increasing trust of investors, Rexas Finance (RXS) is positioning itself as a top performer in growth in the years to follow. 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 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.

Bitnomial challenges SEC’s classification of XRP as a security. The SEC filed a notice of appeal in the Ripple case last week. Bitnomial, a Chicago-based cryptocurrency derivatives exchange, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC). The filing challenged the assertion of the SEC that XRP futures should be classified as “Security Futures.” Bitnomial’s lawsuit is the second case filed against the SEC this week. Crypto.com, a digital asset exchange, announced it was suing the SEC on Tuesday, alleging the regulator is invading by claiming that all crypto assets are securities. Bitnomial is operated under the affiliated agency of SEC, the Commodity Futures Trading Commission (CFTC). Besides, the exchange self-certified XRP-US Dollar futures contract after the conclusion of the SEC-Ripple case in August. Moreover, the Ripple case had focused on the classification of XRP as a security. Whereas, the court ruled that XRP sales to institutional investors are qualified as securities, but not when sold to the general public. Besides, the SEC has filed a notice of appeal in the Ripple case last week to likely contest a New York federal judge’s decision that XRP is not a security when traded on exchanges. On the other hand, Ripple filed a notice of cross-appeal on Thursday. The entities haven’t disclosed their appeal specifics. The Prolonged Legal Battle The SEC’s demand to regulate XRP futures follows a legal battle with Ripple Labs. This court ruling has since led to various regulatory challenges over the categorization of XRP and its related products. Ripple Labs has been ordered to pay nearly $125 million to the U.S. Securities and Exchange Commission, by a Manhattan court judge. The penalties come over the charges of improperly selling the XRP, crypto token according to a court filing. The total was far below the $2 billion the Securities and Exchange Commission sought, but also above the $10 million, Ripple argued for in a court filing. Highlighted Crypto News Trump’s World Liberty Financial to Raise $300M via New Token Sale

What can be expected as the boom of crypto continues: whales—those valued businessmen with volumes of cryptocurrency—tend to stir things up quite a bit. Not so long ago, one more Ethereum whale with a jaw-dropping $130 million bag of ETH has turned some of the most optimistic investors in the market by reallocating some of his investments in meme coins and the up-and-coming project in the blockchain ecosystem. According to reports, the whale has exchanged part of his massive ETH holdings for relatively new digital assets such as Shiba Inu and PEPE Coin, which are the current favorites, and Rexas Finance (RXS), which is also a low-market cap coin. This action has led to even more assumptions concerning the future of these altcoins as well as what this bold step taken by the whale entails for the skeletal investors Shiba Inu (SHIB) Shiba Inu coin is at the very forefront of the meme coins that are found in the cryptocurrency space sometimes making it be referred to as the “Dogecoin Killer. Perhaps, with their highest brand and loyal followers, they have come up with a DeFi project called ShibaSwap, which is a DEX where the holders can stake, supply liquidity, and participate in governance. This development has broadened the attractiveness of Shiba Inu since it has widened the demographic of the offerings of the project to include more DeFi investors.At least one time it dropped to $0.0000182 on 30 September 2024. The price of SHIB has sustained its uptrend even as technicals showroom for correction. At present, SHIB has recuperated and at this time, it is at a high of $0.0000200. Still, it has a resistance level of $0.0000202. If SHIB goes on to surpass this level on the downside, there are higher chances the next level of $0.0000229 will be reached before new all-time highs are experienced by the close of the year. Experts say the price of SHIB in October can grow by about 34%. Price calculations indicate that it can approach the $0.0000221 mark within 10 days.Those who are looking at SHIB feel this Ethereum Whale’s interest is a good sign for potential wins down the line, as many feel SHIB is one of those coins that can produce millionaires again as it did in the 2021 huge round of price surges. PEPE Coin (PEPE) Another meme coin that has drawn the interest of an Ethereum whale is the PEPE Coin. With a devoted fanbase and a widening variety of partnerships, PEPE has been climbing higher and higher over the past month, even registering more than a 100% increase in gains. As of October 2024, the PEPE price is around $0.000013, which has increased from $0.0000029 and the daily trade volume has increased by more than 30% over the last 24 hours.Such a notable increase in both price and volume does point out that the token value still has some more upside, as an analyst envisages PEPE may even reach $0.0005 in an astonishing 28,000% surge. Currently, the token carries the rank of No. 22 in the cryptocurrency ecosystem and has a circulating supply of over 5.6 trillion PEPE tokens. Many investors have now shifted to PEPE aimed at the possibility of life-changing returns based on the fact that most people expect the coin will smash its previous highest mark at the end of the year. If you’re looking for a low-cost crypto investment that’s likely to perform extraordinarily well, circle PEPE on your calendar for the year 2024. Rexas Finance (RXS) As much of the spotlight was focused on meme coins, especially SHIB and PEPE, the Ethereum whale also placed an interesting bet on Rexas Finance (RXS), an upcoming rapidly rising star in blockchain. Rexas Finance buttresses that it is shifting the narrative of Real World Assets (RWA) from being a fashionable term into a practical business flatter. With the current trend of enclosure in an asset tokenization society, RXS is well-placed to take up a significant market position, attracting institutional as well as retail investors.RXS’s presale is already on fire, with Stage 4 of the presale being offered at $0.060 per token. The presale has been very promising, with a total amount of $2.75 million being raised and 65 million tokens sold. Cryptocurrency communities are aware that it is expected that this sale will be completed and the next stage will entail a price of $0.070 for each token. Some conservatives believe that early investors can expect very good returns, adding that there are expectations for the token to gain up to 45 times by early 2025. Taking into account the whale’s position regarding RXS, the majority are sure that the token’s price will rise above 0.20 after the token launch.And if the asset tokenization model is already remarkable for its originality, attracting, then Rexas Finance will attract even more due to such promotions as Rexas Millionaire Giveaway, where one lucky investor gets to win US $50,000 in USDT investing. Such a marketing trend, along with the technologically advanced and continuously novel platform, makes Rexas Finance one of the promising investment opportunities for the year 2024. Conclusion The fact that the big holder of Ethereum has opted to invest in Shiba Inu, PEPE Coin, and Rexas Finance clearly shows that confidence in the potential of these altcoins is growing. Shiba Inu is eons away from its all-time highs, PEPE is gaining ground rapidly and Rexas Finance presents a promising investment opportunity in asset tokenization. Hence, any crypto investor searching for a chance to cash in on the next breakout could consider mimicking the whale’s move. 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 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.

The SEC has sued Cumberland DRW LLC for trading over $2 billion in crypto assets without dealer registration. The SEC’s complaint names five assets as securities: SOL, POL, ATOM, ALGO, and FIL, noting that this is not an exhaustive list. The U.S. Securities and Exchange Commission (SEC) has taken legal action against Chicago-based Cumberland DRW LLC, accusing the firm of operating as an unregistered dealer in cryptocurrency assets. Cumberland allegedly handled over $2 billion worth of crypto assets, which the SEC considers securities, without registering as required by federal securities laws. The SEC’s lawsuit, filed in the Northern District of Illinois, claims Cumberland has been conducting this unregistered trading since at least March 2018. Cumberland is a well-known liquidity provider in the crypto space. It is the digital asset arm of DRW Holdings, a firm founded in 1992, recognized for its expertise in derivatives trading. The SEC emphasized in the document that laws designed to protect investors apply to all securities dealers. This includes those dealing in crypto assets. SEC Labels Five Cryptos as Securities in Cumberland Case According to the regulator, the firm operates Marea, a trading platform available 24/7. That allows over 1,500 high-net-worth individuals and organizations to trade crypto assets. This includes well-known participants in the crypto world. Further, the SEC complaint identifies five assets it classifies as securities, including Solana (SOL), Polygon (POL), Cosmos (ATOM), Algorand (ALGO), and Filecoin (FIL). However, the complaint specifies that this is not an exhaustive list of such assets. (Source: The SEC) The SEC’s complaint accuses Cumberland of violating Section 15(a) of the Securities Exchange Act of 1934. That seeking penalties, including the return of ill-gotten gains, interest, and other financial penalties. In response, Cumberland stated that it had made sincere efforts to comply with SEC regulations and expressed frustration over the allegations. However, this legal action marks another step in the SEC’s ongoing efforts to regulate the crypto market. Also, it aims to ensure companies follow proper registration procedures to protect investors. Highlighted Crypto News Today Trump’s World Liberty Financial to Raise $300M via New Token Sale

World Liberty Finance (WLF) plans to raise $300 million via a token sale. Plans involve a stablecoin credit card and fractionalizing real assets. Donald Trump’s new venture, World Liberty Finance (WLF), is gearing up to raise $300 million through its upcoming token sale. This initiative, co-founded by Trump and his three sons, aims to establish a decentralized finance (DeFi) platform designed to enhance the mass adoption of digital assets. The project seeks to offer a compliant, user-friendly solution that caters to a diverse range of financial needs. The first phase of WLF will involve launching a version of the popular Aave DeFi lending protocol. This will occur on Scroll, an Ethereum Layer 2 scaling solution. In doing so, WLF hopes to enhance the lending and borrowing experience for users. Additionally, the platform plans to utilize governance tokens, known as WLFI tokens. These tokens will enable users to vote on future developments within the platform. The WLFI token sale is particularly notable, aiming for a valuation of $1.5 billion upon its initial release. However, the tokens will be non-transferable for the first twelve months. This feature ensures stability and allows users to focus on community-driven development. What Is the Leadership Structure for World Liberty Finance? Alongside Trump, prominent figures like Luke Pearson of Polychain Capital and Corey Caplan, co-founder of Dolomite, have joined the project. They will lead various aspects, ensuring WLF’s technical and strategic foundation is robust. Furthermore, World Liberty Finance has laid out an ambitious roadmap. The second phase will integrate exchanges for seamless on-ramping and off-ramping through an on-chain Know Your Customer (KYC) process. This will simplify the interaction between traditional finance and cryptocurrency. Additionally, WLF plans to introduce a stablecoin credit card, allowing users to spend their digital assets in real-world transactions. The final phase will involve the fractionalization of real-world assets, such as hotels and sports clubs. By obtaining the necessary regulatory licenses, WLF aims to facilitate the integration of tangible assets into the digital finance ecosystem. Highlighted Crypto News Today SUI Fails to Sustain Bullish Momentum: Transaction Volume Drops

Dogecoin is now at a crucial demand level after a 4% rise from local lows, stirring serious speculation in the market. The meme coin has caught the attention of analysts and traders, with mixed opinions about its next move. Some believe Dogecoin is preparing for a rally, while others suggest further declines could be ahead. Key data from IntoTheBlock highlights the importance of short-term traders in driving liquidity for meme coins like DOGE. This cohort of traders remains a significant source of activity, often influencing rapid price fluctuations. Dogecoin is holding strong above the critical $0.10 level, a key psychological support for the asset. If the price maintains momentum, the next bullish target is around $0.11, which could spark more excitement and buying interest in the market. As speculation continues, all eyes are on whether Dogecoin can sustain its recent strength or if it will face another wave of selling pressure. The coming days determine the meme coin’s direction in the weeks ahead. Dogecoin Price Driven By Speculation Dogecoin faces intense speculation as investors and analysts express differing views about its future price action. After several weeks of ups and downs, the meme coin has been subjected to massive volatility, reflecting the overall market’s erratic behavior. The uncertainty surrounding Dogecoin has led to heated debates about whether it will rally or continue to fall. Key data from IntoTheBlock reveals the pivotal role of short-term traders in driving meme coins, particularly Dogecoin. These tokens thrive on hype and speculative trading activity, and DOGE leads the pack with the highest number of active short-term traders. Over the past week, Dogecoin has seen approximately 113,000 short-term traders, underscoring its dominant position in the meme coin space. Interestingly, DEGEN, a much smaller token, has also attracted around 23,000 short-term traders—similar to Shiba Inu’s, despite DEGEN’s market cap being only 10% of Shiba Inu’s size. This highlights the speculative frenzy within the meme coin ecosystem, where even lesser-known assets garner significant trading activity. Most mid-sized meme coins, in comparison, show only around 4,000 active short-term traders, illustrating Dogecoin’s continued strength. Despite the speculative nature of these assets, Dogecoin’s ability to attract the most active traders signifies resilience and hints at a potential for future rallies, even amid broader market uncertainty. DOGE Holding Above $0.10 Dogecoin (DOGE) trades at $0.108, testing the 4-hour 200 moving average (MA) as resistance. Bulls aiming to maintain momentum must reclaim this key indicator to increase prices. The 4-hour 200 exponential moving average (EMA) also sits at $0.1088, just under 1% above the current price. This creates a crucial resistance zone for DOGE. A clear break above the 200 MA and 200 EMA and the psychological $0.11 mark would likely trigger a rally, pushing the price higher as bullish momentum takes hold. However, failure to reclaim these indicators could lead to a more significant correction. In this case, DOGE could face a drop to $0.088, a key lower demand level, signaling further downside in the coming days. As Dogecoin continues to test these levels, traders are closely watching for a decisive move that could indicate the next major trend, with the potential for a rally or further decline hinging on whether bulls can reclaim these moving averages and push beyond $0.11. Featured image from Dall-E, chart from TradingView

Suirum, a fresh and exciting meme coin on the SUI blockchain, is gearing up to take the Sui market by storm. With its presale launching today, Suirum is ready to give your favorite SUI meme coins a serious run for their money. But don’t just take our word for it—get involved early, and you might just be part of the next major meme coin success story. The SUI meme coin sector has been making waves, drawing the attention of both seasoned investors and newcomers alike. The unique blend of internet memes and cultural references has created a fascinating space within the cryptocurrency market, where community engagement, humor, and financial opportunity collide. This is where Suirum comes in, offering investors the perfect chance to jump into a project that’s fun, innovative, and packed with potential. What is Suirum? Suirum isn’t your average meme coin. It’s a deflationary meme token that’s all about combining laughter with real-world utility. Suirum stands out by marrying it’s fun, meme-inspired branding with a robust ecosystem that rewards its holders. Backed by the power of the SUI blockchain, known for its high throughput and ultra-low transaction costs, Suirum is well-positioned to offer a fast, efficient, and enjoyable experience for crypto enthusiasts everywhere. Join Suirum Presale Why Buy $SUIR Now? Why now, you ask? Because timing is everything in crypto, and getting in early can make all the difference. The Suirum presale is your chance to secure $SUIR tokens before they hit the open market. With 60% of the total supply allocated to this presale, Suirum is giving the community a chance to grab a significant portion of the supply right from the start. And here’s the best part: there’s no minimum or maximum cap on contributions, making it fair and accessible for everyone! Suirum Presale Details Total Supply: 1 Billion $SUIR Tokens Presale Allocation: 600,000,000 $SUIR Tokens (60% of total supply) Presale Duration: 30 Days No Contribution Cap: No minimum or maximum investment limits This flexible approach ensures that whether you’re a whale or a small fish, you can participate equally and potentially profit from Suirum’s growth. Join Suirum Presale How to Join the Suirum Presale Participating in the presale is as easy as 1-2-3. Just follow these steps below: Set up a SUI-compatible wallet: You can use wallets like Suiet or SUI Wallet. Buy $SUI: Get $SUI tokens from popular exchanges such as Binance, Coinbase, Bybit, or Kucoin. Join the Presale: Visit the Suirum presale page here https://suirum.com/sale and send your $SUI to the presale address. After the presale ends, your purchased $SUIR tokens will be airdropped directly into your wallet. A dashboard will be available later, allowing you to see exactly how much $SUIR you’ll receive based on the total contributions. Don’t miss out on any updates! Join Suirum’s growing community on Telegram and Discord, where you can stay informed about announcements, partnerships, and other exciting developments. About Suirum Suirum is a pioneering meme coin project designed to blend humor with investment potential. Built on the SUI blockchain, Suirum leverages the platform’s superior speed and low transaction costs to create a fun, engaging, and profitable experience for its holders. Join the Suirum Community Today Website: https://suirum.com Blog: https://suirum.medium.com/ X: https://x.com/suirum Telegram: https://t.me/suirum Discord: https://discord.gg/HtyC2c6q Contact: Name: Suirum Intern Email: [email protected] 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.

The memecoin launchpad on BNB Chain, GraFun, has announced a first week that broke all previous records. More than 850,000 unique users submitted 130M requests to GraFun on the first day of its debut. The platform has enabled the launch of thousands of tokens and kept running efficiently in spite of the strong demand. With a secure platform for token creators and traders, GraFun aims to facilitate fair memecoin launches on the BNB Chain. GraFun has facilitated over 12,000 tokens since coming live, generating 428 BNB (about $250K) in protocol fees over this period. When a token’s market capitalization on GraFun reaches 31 BNB, it immediately advances to PancakeSwap v3, where a liquidity pool is established to facilitate the token’s further stages of development. In just the first day, GraFun projects that advanced to PancakeSwap generated almost $250M in revenue. PancakeSwap has seen the creation of over 40 GraFun projects, several of which have reached market capitalization of millions of dollars. The most successful of them has reached $120 million in funding and secured a listing on CEXs. BNB Chain initiatives may use GraFun’s launchpad to increase participation, with the possibility of further assistance available for the most successful launches. GraFun is raising the standard for BNB Chain projects by democratizing access to new token launches and rewarding ethical behavior from emerging projects. In the process, it’s giving creators a platform that relieves them of the technical burden of launching tokens, allowing them to concentrate on developing their primary skills and communities. By rewarding users for net positive behaviors like starting a token sale or hitting volume goals, GraFun encourages ethical conduct. Task completion earns GRA rewards, which may then be swapped for special rewards. After exceeding all predictions in its first week of operation, GraFun is now poised to transform BNB Chain’s trading lanscape and become the network’s leading memecoin launchpad. The memecoin incubator GraFan Labs, which facilitates memecoin launches on BNB Chain, has recently been established. GraFan Labs offers a great deal of assistance with listings, marketing, liquidity, and other areas. Get updates from them at https://x.com/grafunlabs.

Meme coins have carved out a niche that combines humor, community, and the potential for astronomical gains. On the Sui blockchain, projects like $SUIMAN and $BLUB have already made waves, captivating investors and meme enthusiasts alike. But as the crypto landscape evolves, a new contender has emerged, poised to redefine what a meme coin can be. Enter Suirum ($SUIR) – the project that’s not just riding the wave but creating a tsunami of its own. The Sui Ecosystem: A Breeding Ground for Innovation The Sui blockchain has rapidly become a hotbed for cutting-edge projects, offering lightning-fast transactions and a developer-friendly environment. It’s in this fertile ground that Suirum has taken root, leveraging the best of Sui’s technology while introducing a fresh approach to meme coin tokenomics and community engagement. Suirum: More Than Just Another Meme Coin While $SUIMAN and $BLUB have paved the way, Suirum is charting a course to new horizons. Here’s why crypto enthusiasts and investors are turning their attention to $SUIR: A Novel Approach To Tokenomics: Suirum is flipping the script on traditional meme coin distribution. With a whooping 60% of the total token supply allocated to the public presale, Suirum is putting the power back in the hands of the community from day one. Utility Beyond the Meme: Unlike its predecessors, Suirum isn’t content with being just a meme. The project has outlined a robust roadmap that includes DeFi integrations, NFT collaborations, and real-world partnerships, adding tangible value to its ecosystem. Community-Driven Development: Suirum isn’t just building a token; it’s cultivating a movement. With active Telegram and Discord communities, the project is fostering a level of engagement that goes beyond mere speculation. Transparent Team and Clear Vision: In a space often clouded by anonymity, Suirum’s team stands out for its transparency and clear communication of project goals and milestones. Innovative Launch Mechanism: The Suirum presale, starting tomorrow, isn’t just another token sale. It’s designed to ensure fair distribution and prevent the kind of whale dominance that has plagued other projects. Why Suirum Could Outpace $SUIMAN and $BLUB While $SUIMAN and $BLUB have had their moments in the sun, Suirum is positioning itself for long-term success. By learning from the successes and pitfalls of its predecessors, Suirum has crafted a strategy that combines the viral nature of meme coins with the sustainability of serious crypto projects. Suirum Presale Details: Total Supply: 1 Billion $SUIR Tokens Presale Allocation: 600,000,000 $SUIR Tokens (60% of the total supply) Presale Duration: 30 Days The final SUI contributed will determine the $SUIR valuation and liquidity will be supplied with the raised funds on Cetus Protocol at 1.5X of the final valuation at the end of the 30 days. No Minimum & Maximum Cap: Because Suirum believes in fair play for all How to Join the Suirum Presale 1. Set up a SUI Wallet (Sui Wallet or Suiet works) 2. Grab some $SUI from Binance, Bybit, or Coinbase 3. Head to the Suirum Presale Page 4. Copy the presale address or scan QR code, Send your $SUI and watch the magic happen 5. Your $SUIR tokens will be airdropped post-presale The Road Ahead As Suirum gears up for its presale, the crypto community is watching with bated breath. With plans for exchange listings, strategic partnerships, and continuous community engagement, Suirum is not just aiming to be another flash in the pan – it’s here to reshape the meme coin landscape on Sui and beyond. Don’t Miss Your Chance to Be Part of History The Suirum presale is your opportunity to be part of the next big thing in the Sui ecosystem. To learn more about Suirum and how you can participate in the upcoming presale, visit: Website: https://suirum.com Blog: https://suirum.medium.com/ X: https://x.com/suirum Telegram: https://t.me/suirum Discord: https://discord.gg/HtyC2c6q 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.

Xandeum, the Solana scaling solution that unveiled its tech and tokenomics at Breakpoint 2024, has been catching a lot of attention lately. Its proposal for bringing virtually unlimited storage to Solana dapps has caught the interest of developers and the attention of builders. They are now transitioning to a new solution under Xandeum Foundations’s reign, using the XAND token. If you’re a Xandeum community member who’s interacted with the project in the past, such as purchasing a node, you’re eligible for an insane amount of points – which will be convertible into $XAND when the token launches. Here’s what you need to know to maximize your rewards. How to Win at Xandeum It’s common for tech roadmaps to be adjusted on the fly, since concepts elucidated in documentation can require reconfiguring once it comes to production. In addition, new tooling and blockchain technology can alter the environment in which teams are planning to launch, necessitating a shift in strategy. While Xandeum’s goal of providing the “hard drive” for Solana hasn’t changed, the delivery mechanism has. The proposed L1, provisionally called Xandeum Classic and powered by the $XANDC token, has been replaced by a new solution led by the Xandeum Foundation. As revealed at Breakpoint 2024, Xandeum will now be developing a smart contract native storage layer featuring “Xandeum buckets,” a scalable file system integrated directly into Solana RPC nodes that can hold exabytes of data. There’s no need to delve deeper into the particulars of Xandeum’s tech at this stage, other than to add that there’ll still be a token – $XAND – 60 million of which will be airdropped during the first airdrop. If you’re interested in maximizing your points, head to the Xandeum points app, connect your wallet and check your eligibility. Millions of Points to Be Earned Xandeum will be honoring points earned by community members up until now for completing various actions, and it’s doing so generously. For example, if you purchased a node that was originally intended for use in Xandeum Classic, you’ll be eligible for 1M points instantly. The value of these points comes when they’re converted into a token airdrop. Thus, if you’ve yet to register with Xandeum’s points app, now’s a good time to do so in order to maximize your rewards for the forthcoming airdrop. Sixty-four million points have been collected so far by community members who’ve registered. While XAND’s token listing price is still to be confirmed, it’s believed to be in the cents rather than in fractions of a cent. Given the prospect of 1M points going to node owners, plus smaller amounts for other eligible claimants, there’s the potential to do very well out of Xandeum’s points program. If $XAND lists at $0.02 for instance, 1M points would be worth $20K, while a token price of $0.06 would boost that to $60K. So now you know. If you’re eligible, don’t fade Xandeum’s points program and forthcoming airdrop. 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.

Crypto analyst Bob Loukas has released a new video analysis titled “No Bull.” In the video, Loukas delves into the current state of the Bitcoin market, addressing growing concerns about the possibility of a canceled bull run. Loukas begins by acknowledging the prolonged period of consolidation for the Bitcoin price. He senses that “there is now some fear creeping into the market,” partly due to factors such as the Bitcoin ETF being “out for quite some time” and the halving having “come and go,” without leading to significant upward price movement. Is The Bitcoin Bull Run Over? Loukas observes that while traditional markets are performing robustly—with “the stock market making all-time highs seemingly every week” and “even gold making big all-time highs”—Bitcoin continues to “languish,” and altcoins are “pretty much dying a slow death.” He notes that “the only thing out there that’s really working is the really speculative memecoins,” contributing to negative sentiment in the crypto space. However, he considers this development to be “kind of normal,” emphasizing that despite these challenges, Bitcoin remains “close to the all-time highs from the prior cycle.” Discussing the eight months of consolidation in Bitcoin’s price, Loukas interprets this period as a bullish sign. “Eight months of consolidation is actually pretty bullish if the timing is right in the four-year cycle. Sentiment is right, it’s been reset; fundamentals, macro, I think they all look right,” he states. Loukas further highlights that the market is “23 months in” since the lows of the last cycle in November 2022, “just shy of a 24-month or 2-year anniversary of this cycle,” which is due to conclude around November-December 2026. He acknowledges the “quite a bit of fear that’s sort of crept into this market” following a “very bullish, very frothy period” from the ETF approval leak in September-October 2023 up to the peak in March 2024. One of the main fears, according to Loukas, is that Bitcoin made its last all-time high seven months ago in March, and since then, “we’ve been forming these lower highs on the monthly and also to some extent a lower low structure.” This has created anxiety among investors who “entered the market way too late, waiting for confirmation,” only to find themselves “locked out when the market went on this five straight months move,” without providing an opportunity to buy during a dip. He points out that many investors have “rolled into a bunch of altcoins in this later period that are now down 50, 60, 70%,” leading to a situation where, despite Bitcoin being “still up around 3x off the lows,” a lot of people feel they haven’t “extracted any sort of value out of this cycle” or have even “lost money over this period.” Loukas considers this scenario to be “quite normal from a cycle structure perspective.” He emphasizes that during this bullish phase, the market didn’t experience a “typical 30% decline at any given point,” with the “biggest declines” being “mostly time-based and were only around about 20% from peak to trough before making a new high.” This atypical behavior “threw a lot of people off” and “made it difficult for people to get in,” as they were “looking to buy on a dip which never really eventuated.” Loukas suggests that the current consolidation is a necessary phase to “completely reset sentiment in order to prepare for the next phase of this four-year cycle.” He finds it significant that Bitcoin is “sitting here 23 months, just around 20% or so off the all-time highs of the last four-year cycle high back in 2021,” which makes it feel “more primed for the next phase of the four-year cycle than anything else.” He also draws parallels with previous cycles, noting that from the cycle low in December 2018 to the first point where Bitcoin made a new high, “it took 23 months to get to the price four-year cycle high to exceed that.” Similar patterns were observed in earlier cycles, with timeframes of “around 25 months” and “around 22 months” to reach new all-time highs. In contrast, the current cycle achieved this milestone “in just 16 months, much sooner,” which he attributes largely to the ETF news that “forced buyers in earlier in the cycle than normal.” Loukas believes that this accelerated timeline has created a dynamic where “we now have to rotate a lot of coins,” allowing “a lot of whales, a lot of old-timers” to “unlock” and “exit and rotate,” while “institutional players, larger account players have been accumulating those coins in this period.” He views this as “a matter of time more than anything else,” interpreting the current period as a process where the market “ends up erasing all that bullish sentiment” from the previous phase, thus allowing “a complete separation from one phase of the cycle to this phase of the cycle”—essentially a “mid-cycle decline.” When Will BTC Price Break Out? Overall, Loukas remains largely optimistic: “So far in this four-year cycle, I see nothing that has changed that trajectory, nothing in the profile or the structure that tells me that this cycle is any different to the last cycles.” He cites several factors supporting his bullish outlook, including “massive inflows into Bitcoin, mostly institutional players,” and the absorption of large sell-offs by entities like “the German government” and “the US government,” which have not significantly impacted the price. Loukas emphasizes that “price is down only 20%; it’s held up well.” He also mentions that “the ETF is still there; it’s going to be pushed through the independent advisor channels,” and “the timing is there; the macro, the fundamentals are there.” Loukas is particularly excited about the cyclical patterns, noting that “the third year of each of these four cycles is where the magic happens.” He explains that “the first year surprises everybody, that makes up a lot of ground. The second year seems like it stalls because it consolidates that first year of gains. And the third year is the mania year. And right now, beginning next month, we have the mania year that is on deck.” He predicts that “within the next 90 days… we’re going to break out of this consolidating range; we’re going to break to the upside.” Once this happens, he believes Bitcoin “isn’t going to look back,” anticipating a period that “may only see one or two red monthly candles and mostly green candles.” While he refrains from providing specific price targets, he acknowledges that reaching “somewhere between $120,000 and $180,000 also seems very reasonable.” Loukas emphasizes that the focus should be on “time and sentiment,” aiming for a move “in the range where prior cycles have peaked,” which has been “very consistent at around month 35 since the last low.” This timing would place the projected peak around “October of 2025,” giving “another 12 months to an expected or projected peak.” He notes that this is not set in stone and that the peak could come “three, four, five months earlier,” as market movements “can come in many different flavors.” Turning to the immediate future, Loukas admits that the next two months are “a little murky,” with “a lot of factors still at play right now.” He brings up the upcoming US election on November 4th, mentioning that “Trump and the GOP have really been pushing crypto and Bitcoin,” and that “the market is certainly going to respond very, very favorably to an election win by the GOP purely because of their stance on crypto.” However, he clarifies that he doesn’t think “it matters one bit” who wins, as Bitcoin has thrived even when “governments have been very hostile towards it.” Loukas speculates that the market might “trend sideways into that period in November,” and that a significant move might not occur until after the election concludes. He suggests that “we still have around three to four weeks of some trending sideways action,” and he would be “highly surprised if this market can push into the $70,000s before the election here in the US.” At press time, BTC traded at $60,699.