Investing $500 today and watching it grow into $1 million by 2025 might seem like a dream, but the fast-paced crypto world makes it possible. As Solana’s success sparks competition, new platforms are emerging with the potential for massive returns. Uncover five standout alternatives that could be the key to extraordinary gains in the next few years. CYBRO Presale Exceeds $4 Million: A One-in-a-Million Next GEN DeFi Investment Opportunity CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $4 million. This next-generation DeFi platform offers investors unparalleled opportunities to maximize their earnings in any market condition. Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.04 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest. In another exciting update, CYBRO has introduced a referral program. It offers 12% commissions from direct referees’ token purchases, 3% from second-level referees, and 2% from third-level referees. Rewards are distributed weekly in USDT, and referees receive double CYBRO Points on their first deposit using the referral code. In addition to its token offering, CYBRO has introduced a Points system, further enhancing investor incentives. Holders of these Points will automatically qualify for participation in the CYBRO Airdrop, with token distribution tied directly to the number of Points held. The platform allocates up to 1 million Points on a weekly basis, which investors can accrue through positions in CYBRO’s DeFi Vaults. Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform. With only 21% of the total tokens available for this presale and approximately 100 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million. >>>Join CYBRO and aim for future returns up to 1200%<<< Chainlink (LINK): Bridging Smart Contracts and Real-World Data Chainlink is a decentralized oracle network that connects smart contracts with real-world data. It allows smart contracts to access external information like data feeds, APIs, and systems outside the blockchain. Chainlink ensures data accuracy through a reputation system for its data providers. Its process involves oracles retrieving data, aggregating it for accuracy, and securely delivering it to smart contracts. Chainlink uses both on-chain and off-chain components for efficient data handling. The LINK token is vital in this ecosystem. It rewards node operators for providing data, supports staking to secure the network, and serves as payment for data services. This makes Chainlink a key player in enhancing smart contract capabilities. Avalanche (AVAX) – Layer-1 Blockchain with Customizable Subnets Avalanche is a Layer-1 blockchain that is eco-friendly and offers low fees. It can process up to 4,500 transactions per second and allows users to launch customizable Subnets. Its hybrid consensus mechanism combines classical and Nakamoto principles, achieving transaction finality in less than 2 seconds. The platform includes three interoperable chains—X-Chain, C-Chain, and P-Chain—which handle transactions and smart contracts. AVAX, the native token, is used for transaction fees, securing the network through staking, and operating Subnets. The technology enables payments, staking, and the creation of custom tokens and blockchains within its ecosystem. Aave: Decentralized Lending and Borrowing on Ethereum Aave is a cryptocurrency in the decentralized finance space. It offers a system on the Ethereum blockchain where users can lend, borrow, and earn interest on crypto assets without intermediaries. The platform uses smart contracts to manage assets, ensuring trust through code. Aave supports lending and borrowing of 17 cryptocurrencies. Borrowers receive aTokens representing their loan and earn interest. A notable feature is flash loans, which are instant and require no collateral but must be repaid within the same blockchain block. AAVE tokens play a role in the ecosystem, offering benefits like fee waivers and voting rights on protocol changes. The Safety Module provides a staking mechanism for risk mitigation. SUI: A New Layer-1 Blockchain Aiming for Global Adoption Sui is a layer-1 blockchain platform designed to meet global adoption needs. It offers a secure, powerful, and scalable development platform. At its core, Sui uses a novel object-centric data model and the Move programming language. This approach addresses inefficiencies found in other blockchain architectures. Sui focuses on user experience by removing common barriers in blockchain interactions. With features like zkLogin, sponsored transactions, and programmable transaction blocks, Sui aims to make Web3 applications more accessible and user-friendly. Conclusion With the bull run of 2024 in full swing, investors are searching for assets with high growth potential. While LINK, AVAX, AAVE, and SUI present interesting opportunities, they may show less promise in the short term. CYBRO stands out as a remarkable option. As a technologically advanced DeFi platform on the Blast blockchain, CYBRO offers investors unique ways to maximize earnings through AI-powered yield aggregation. Features like lucrative staking rewards, exclusive airdrops, and cashback on purchases enhance the user experience. CYBRO ensures seamless deposits and withdrawals, prioritizing transparency, compliance, and quality. Attracting strong interest from crypto whales and influencers, CYBRO emerges as a promising project in the evolving crypto market. Site: https://cybro.io Twitter: https://twitter.com/Cybro_io Discord: https://discord.gg/xFMGDQPhrB Telegram: https://t.me/cybro_io 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.

Bitcoin has experienced a whirlwind of volatility following its recent all-time high of $93,483 set on Wednesday. Over the past few days, the price has oscillated between this record level and a low of $85,100, indicating the potential onset of a consolidation phase before the next major move. Traders and investors are now closely monitoring whether BTC will stabilize or continue its upward trajectory. Key data from CryptoQuant suggests that selling pressure may increase quickly, primarily driven by speculative traders looking to lock in quick profits. However, this doesn’t necessarily spell trouble for Bitcoin’s bullish momentum. Analysts predict that much of the selling pressure will be absorbed by the growing demand for Bitcoin ETFs, which have gained significant traction among institutional investors. This balance between short-term selling and institutional accumulation could set the stage for Bitcoin’s next move. With volatility expected to persist in the coming days, market participants are eagerly watching for signals that might indicate the direction of BTC’s price action. Whether this phase leads to a deeper correction or propels Bitcoin toward new highs, one thing is clear—Bitcoin continues to dominate the financial landscape with its dynamic performance. Bitcoin Strong Demand Supports Bullish Price Action Bitcoin’s price action has been impressive, surging by 38% over the past ten days. This rapid rise has caught the attention of many investors, reaffirming the growing strength of Bitcoin’s demand. Key data from CryptoQuant analyst Axel Adler offers insight into the current market dynamics, highlighting that Bitcoin is trading above its short-term holder (STH) cost basis of $69,000. This level represents a crucial support threshold for those who acquired Bitcoin in the past few months, indicating solid demand above this price. Additionally, the MVRV (Market Value to Realized Value) ratio stands at 1.3, suggesting that Bitcoin is still profitable. However, Adler notes that if this ratio crosses the 1.35 mark, it could trigger selling pressure from short-term speculators looking to lock in profits. While this may prompt some market volatility, it’s important to note that most of these coins are expected to be absorbed by growing institutional demand, particularly through Bitcoin exchange-traded funds (ETFs). This data points to a significant shift in Bitcoin’s rally—rather than being fueled by speculative futures trades, the recent surge appears to be driven by strong spot demand. Spot demand typically reflects a more sustainable, stable price move than the volatility often seen in futures-driven rallies. As Bitcoin continues to trade above key support levels, the outlook remains bullish, driven by a healthy balance between speculative trading and long-term institutional interest. BTC Technical View: Prices To Watch Bitcoin is trading at $89,240, reflecting a 7% retrace from its recent all-time high of $93,483. The price has consolidated below this level following a period of aggressive upward momentum that propelled it into price discovery territory. This pause in the rally allows the market to stabilize and test key support levels before determining its next move. During this consolidation, the $85,000 mark has emerged as a crucial support level. If Bitcoin can hold above this level in the coming days, it may provide the foundation for another surge, potentially challenging the $90,000 resistance and retesting its all-time high. A successful reclaim of $90,000 would signal renewed bullish momentum, paving the way for further price expansion. However, failure to maintain the $85,000 support could lead to a deeper correction. In this scenario, Bitcoin would likely seek lower-level demand, with $82,000 emerging as a significant area of interest for buyers. As the market navigates this critical phase, traders and investors will closely watch price action for signals of either a breakout or a pullback, with both scenarios carrying implications for Bitcoin’s short-term trajectory. Featured image from Dall-E, chart from TradingView

The documentary makes its exclusive global debut on Flixxo, premiering a global, decentralized and fully tokenized film. Flixxo, the independent content streaming platform, has announced BullRun, a documentary by award-winning filmmaker Ana Ramón Rubio and the first film fully funded through crypto tokens, is now available at a decentralized premiere, a milestone for the film industry. Produced by Juanjo Moscardó Rius – Cosabona Films, BullRun chronicles the cryptocurrency boom in a humorous tone and will stream exclusively on Flixxo before a later release on Amazon Prime. The film debuts following its successful run at international festivals like DOC NYC and its double win at the 2023 Berlanga Awards. Ana Ramón Rubio, who became a day trader during the pandemic, documents her personal story from filmmaker to crypto trader in this film that was entirely funded in under 24 hours through a tokenized model. Produced during the previous bull run, the movie serves as a window for understanding the present landscape. Now, unlike conventional film and series releases, the upcoming release of BullRun on Flixxo is now setting a new trend for future filmmakers to follow. Ticket 3.0 on Flixxo Flixxo offers three methods for viewing the global premiere of BullRun: Ticket 3.0 NFTs: Ticket 3.0 holders can watch the film and also gain access to an exclusive community, additional content and rewards. These tickets come with an NFT of a unique frame from the movie. Direct purchase: Viewers can purchase tickets to view the film directly through Flixxo using Flixx tokens as payment or credit card. Free Access via Bit2Me: New users of Bit2Me can watch BullRun for free thanks to Flixxo’s partnership with the platform, showcasing how collaborative efforts in crypto can generate value for users. This enables users to view the premiere in the Token Gating section of Flixxo, with tickets now available. Built on top of Polygon blockchain, Flixxo’s digital Tickets 3.0 -available on Carnaval– are fully transferable and have several perks. These include: Early Access: View the film ahead of its public release Bonus Content: Enjoy behind-the-scenes footage and interviews not accessible to non-ticket holders Live Q&A: Participate in live Q&A sessions with the filmmaker herself and the production team. Special events: Ticket holders will receive invitations to special events linked to the launch of the documentary. Priority Access: Users holding digital tickets can invest in future tokenized film projects on Flixxo. There is a General 3.0 Ticket and another Gold Ticket, with even greater benefits, which the investors of the movie, and therefore, holders of $BULL will also enjoy. This unique premiere model improves the user/viewer experience, providing more than passive consumption by involving the audience in the film, its ecosystem, and opening the door to a tangible stake in its success. Adrián Garelik, CEO of Flixxo, commented: “The premiere of BullRun on Flixxo showcases how emerging technologies can coexist with traditional models and provide a unique experience for users. Through Ticket 3.0, we take a step further towards transforming the industry, allowing viewers to be more than consumers, truly becoming part of the project and its community.” Ana Ramón Rubio said: “The decentralized premiere of BullRun marks a paradigm shift for independent cinema, where the power of blockchain allows filmmakers to connect directly with their audience. It is a truly democratic model, as it gives the viewer-investor the ability to decide which projects are produced and distributed, creating a closer and more participatory relationship between creators and the public.” Web3 Adoption The release of BullRun on Flixxo premieres more than just a distribution model. The debut on Flixxo functions as a bridge to Web3 adoption, integrating NFTs into the user experience and allowing fans to access exclusive content and even gift additional tickets to others. The combination of blockchain technology and cinema represents the dawn of a new era in the filmmaking industry. The redefinition of content consumption enables films to serve as educational tools that introduce new audiences to cryptocurrencies and NFTs. YT Trailer – About Flixxo Flixxo is an independent content streaming platform built on blockchain technology, offering a new film and content distribution model. By combining tokenized access, NFTs, and a peer-to-peer (P2P) sharing system, Flixxo enables creators to take control of their distribution and allows users to enjoy exclusive content while becoming part of a growing content-sharing ecosystem. To find out more about Flixxo, visit https://www.flixxo.com About BullRun BullRun is the first film to be financed entirely with cryptocurrencies and distributed in a decentralized manner. Directed by award-winning filmmaker Ana Ramón Rubio, this docu-comedy explores the crypto world through a personal and educational lens. 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.

$2.8 trillion asset manager Goldman Sachs discloses $710 million Bitcoin ETF holdings. The report says 83% increase in Goldman Sachs’ holdings of the BlackRock iShares Bitcoin Trust ETF (IBIT), now valued at $461 million. Goldman Sachs, one of the world’s largest investment banks, has disclosed $710 million in (ETF) holdings in its latest filing with the U.S. Securities and Exchange Commission (SEC). This marks a significant 70% increase in Bitcoin ETF investments since the previous quarter, reflecting the bank’s growing confidence in the cryptocurrency market. Significant Growth in Bitcoin ETF Investments The report highlights substantial increases in several Bitcoin ETFs held by Goldman Sachs. That once he called Spot BTC ETF Approval a ‘Psychological Turning Point’ The Bitwise BTC ETF (BITB) saw the largest growth, with a 156% increase to $22.5 million. The Grayscale Bitcoin Trust ETF (GBTC) grew by 116%, bringing its holdings to $71.8 million. The bank’s largest position, the BlackRock iShares Bitcoin Trust ETF (IBIT), rose to $461 million, an 83% jump since August. Goldman Sachs also increased its holdings in the Fidelity Wise Origin Bitcoin Fund (FBTC) by 13%, reaching $95.5 million. Overall, Goldman’s diversified portfolio now includes seven of the eleven U.S. BTC ETFs currently available. These investments solidify the bank’s position as one of the largest institutional investors in Bitcoin ETFs, second only to Millennium Management. Goldman Sachs’ increased his holdings reflect a rising institutional interest in cryptocurrency. Other major financial players, such as Morgan Stanley, have also ramped up their BTC ETF investments. Morgan Stanley reported $272 million in holdings, while state pension funds in Michigan, Wisconsin, and other states have disclosed exposure to BTC ETFs. The approval of spot BTC ETFs earlier this year provided institutions with a regulated way to invest in Bitcoin without holding the cryptocurrency directly. This has opened the door for traditional financial firms to gain exposure to the growing digital asset market. Why This Matters Goldman Sachs’ expanded his holdings by accepting the cryptocurrencies. Bitcoin recently hit an all time high of $93,477 in November 2024, with analysts predicting it could rise further to $125,000 in the coming months. Pro-crypto policies expected under Donald Trump’s administration could further boost adoption, providing a favorable environment for Bitcoin’s continued growth. Thus Goldman Sachs’ $710 million in BTC ETFs, including significant increases in BITB and GBTC, underscores its confidence in the future of Bitcoin. As institutional interest grows, this trend is likely to strengthen Bitcoin’s role in traditional financial markets and reinforce its position as a key global asset.

With the debut of its Devnet, Somnia—the dream computer for a fully on-chain world—offered the world a preview of its high-performance blockchain, which is intended to manage reactive mass-consumer apps like as gaming, SocialFi, DeFi, and metaverses. Developers and Web3 users may now independently test the blockchain and evaluate Somnia’s 400k TPS claims of unparalleled speed. Even in high-density settings, the Somnia Devnet internal testing have shown remarkable performance metrics, accomplishing over 400,000 transactions per second with sub-second finality and transaction costs under a penny. Somnia does this by using a novel blockchain that incorporates advancements in consensus, networking, databases, and execution. Read/write speeds of 15–100 nanoseconds are made possible by Somnia’s database, and 10–20 times more data can be sent between nodes thanks to its networking. By enabling instant reactions to on-chain events directly in Solidity, Somnia enables developers to create fully decentralized reactive applications, such as games that react to real-time events. It also enables developers to build natively using familiar tools thanks to its performance capabilities and full EVM compatibility. To join the network’s first developer cohort, developers who are interested in developing on Somnia are encouraged to apply for whitelisting. Somnia is providing technical guidance, funding, and go-to-market strategies in addition to a $10 million grant program to help innovators see their ideas through to completion. The first infrastructure partners of Somnia have already joined the effort to expand the Somnia ecosystem. The block explorer will be powered by Hemera’s Social Scan, while Ankr will provide RPC services for the Somnia network. Thirdweb will also provide developers access to EVM dApp tools. Somnia will be available for public testing at certain hours, however the majority of Devnets are restricted to the public. In order to get as much input as possible and thoroughly evaluate its capabilities in a real-world setting, Somnia is creating in public. Using Somnia Test Tokens (STT), which can be obtained via a faucet, users will be able to test the initial set of dApps via the Devnet, which includes games, NFTs, and a DEX. The Devnet launch offers developers and users a rare chance to interact with the EVM L1, which promises to put the world’s data on-chain, and experience Somnia’s technology. To learn more about Devnet access, the $10 million grant program, and whitelisting, developers who are interested in joining the ecosystem should visit Somnia’s new developer cohort page. With the quickest and most economical EVM Layer 1 blockchain, Somnia is putting the world’s data on-chain. It can handle over 400k TPS with sub-second finality and sub-cent costs, even in high-density situations. The novel Multistream Consensus with faster sequential execution, the unique IceDB database, sophisticated compression methods, and immediate response to on-chain events directly in Solidity are all examples of Somnia’s innovative design. The only blockchain that is completely capable of supporting mass-consumer, real-time, reactive dApps with millions of users is Somnia.

In the fast-paced world of cryptocurrency, where rapid growth and innovation continually redefine the landscape, Rexas Finance is emerging as a promising alternative to XRP, poised for a remarkable rally. Analysts and investors alike are eyeing this new digital asset with optimism, predicting a potential surge of up to 16,700% in just three months. Rexas Finance, designed with enhanced speed, low transaction fees, and robust security features, appeals to a diverse audience, from institutional investors to individual traders. As blockchain adoption accelerates globally, Rexas Finance’s unique advantages could position it as a leader in next-gen financial technology. XRP: Steady Growth Amid Legal Challenges and Market Shifts Ripple’s XRP is a digital asset designed for use in cross-border payment systems, aiming to provide faster and more cost-effective transactions than traditional methods. Operating on the open-source, decentralized XRP Ledger, it facilitates liquidity between currencies without needing a pre-funded nostro account. This positions XRP as an appealing solution for financial institutions looking to streamline international transfers and reduce operational costs. The asset has faced legal scrutiny, particularly with the U.S. Securities and Exchange Commission (SEC), leading to debates over its classification as a security or commodity. Despite legal hurdles, XRP remains a significant player in the crypto market, known for its real-time settlement capabilities and a strong global user base advocating for seamless financial transactions across borders. XRP is trading at $0.5516, marking a 0.34% daily increase. Its market cap is $31.37 billion, with a 24-hour trading volume of $1.36 billion, down 29.47%. Over the past seven days, XRP’s price has risen by 6.37%, showing resilience and positive momentum. The last month saw a 4.87% increase, indicating steady growth. Despite reduced trading volume, XRP’s consistent weekly and monthly gains highlight solid investor interest and market stability. Rexas Finance: The Next Big Asset Tokenization Opportunity Rexas Finance (RXS) is positioning itself as a key player in the integration of traditional asset markets with blockchain technology through tokenization. This model allows physical assets like real estate and precious metals to be digitized, making them more accessible to a wider audience. By offering investment opportunities in profitable assets typically reserved for wealthy individuals, RXS stands out as a token with real-world utility beyond mere speculation. With features like the Rexas Token Builder for asset tokenization, the Rexas Launchpad for blockchain crowdfunding, and a property investment module, Rexas has built an ecosystem supporting its growth. This unique utility positions RXS as a promising long-term investment with the potential for substantial returns. The projected growth of RXS is substantial, with analysts predicting a staggering 16,700% return by 2025, potentially turning a $100 investment into $1,670,000. The platform’s momentum is driven by its innovative approach and real-world applications, attracting investor interest through multiple successful presale rounds that raised $6 million. The extended presale period and increased token price have enhanced its value, setting up RXS for a robust public launch. Coupled with a $1 million community giveaway, Rexas Finance has cemented a strong foundation, ensuring that its asset tokenization services remain a lucrative avenue in the evolving blockchain landscape. Conclusion: In conclusion, Rexas Finance and XRP each present unique opportunities in the dynamic crypto market. XRP continues to showcase resilience and growth despite regulatory challenges, appealing to institutions seeking efficient cross-border payments. Meanwhile, Rexas Finance is emerging as a high-potential alternative with a focus on asset tokenization and broad investment accessibility. The predicted 16,700% growth positions it as a noteworthy contender, backed by innovative features, presale success, and tangible utility. As blockchain adoption widens, investors are poised to benefit from both established and emerging technologies. Ultimately, whether through XRP’s proven financial network or Rexas Finance’s pioneering asset model, opportunities for significant returns remain strong. Website: https://rexas.com Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

The Global Blockchain Congress leverages the experience gained through the hosting of 13 editions of the event in Dubai and international editions in Vietnam, UK, and Singapore to ensure maximum return on investment for all our sponsors. It is the premier event connecting blockchain innovators with leading investors. The previous editions of the Global Blockchain Congress were a tremendous success and we were able to host 1,600+ investors and 360+ blockchain startups and were able to raise millions in funds for our participating projects. Topics to be discussed at the event: Dubai, Home of Web3 & Digital Assets Building a Sustainable & Growing Web3 Industry The Power of DePIN: Revolutionizing Infrastructure Networks RWA is Revolutionizing Ownership: Tokenization & the Markets of the AI Meets Blockchain: Transforming the Future of Innovation How to Fund-Raise for Crypto Projects Exchanges Leading the Charge: Taking Crypto from Niche to Mainstream Tokenizing the Human Experience: Investing in Personal Data and Digital Identity ‍The mission of the GBC is simple yet impactful: to bring together visionary projects and investors through a series of pre-arranged, one-on-one meetings. By creating this exclusive networking environment, we aim to drive collaboration, investment, and innovation that will shape the future of blockchain technology. At this exclusive, invite only, event Agora will be hosting more than 150 Investors, 25 Projects, 60 A-list Speakers & 30 Media Partners from all over the world. Learn more about the event: gbc-uae.com Register here: https://bit.ly/14th-GBC 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.

After a strong nine-day bullish streak, Bitcoin (BTC) dropped by 5.87%, falling from a peak of $91,765 to a low of $86,682. Pennsylvania’s new bill allows the state treasury to invest up to 10% of its $7 billion fund in Bitcoin to hedge against inflation. After maintaining a 9-day consecutive bullish streak, Bitcoin (BTC) drops over 5.87% in the last 24 hours, falling from a peak of $91,765 to an intraday low of $86,682. However, the flagship cryptocurrency is currently attempting to recover from earlier losses during Asian trading hours. At the time of writing, Bitcoin is priced at $89,664 with a market cap of $1.77 trillion. Additionally, the daily trading volume of BTC has decreased by around 30% and now stands at $84.42 billion. This dip comes amidst the rising speculation about potential tax reforms in the U.S. Reports suggest the administration plans to eliminate capital gains taxes (zero tax) on cryptocurrencies issued by U.S.-registered companies, sparking optimism in the crypto community. Meanwhile, Pennsylvania’s House of Representatives has introduced the Bitcoin Strategic Reserve Act, a bill proposing the state Treasury invest up to 10% of its $7 billion fund in Bitcoin. This move aims to hedge inflation and diversify investments, highlighting Bitcoin’s growing mainstream appeal. Crypto Community Remains Bullish as BTC Consolidates Near Key Levels On the other hand, big-shot profiles and many crypto analysts predict that Bitcoin’s next “target is $100.” MicroStrategy CEO Michael Saylor recently expressed confidence in BTC’s potential to reach $100,000 soon. “Bitcoin is going ballistic,” he tweeted, hinting at a “$100,000 party” to celebrate its rise. Saylor also dismissed fears of a major pullback, asserting that BTC is unlikely to fall below $60,000. Further, Matthew Sigel, head of digital assets at VanEck, echoes Saylor’s optimism, predicting Bitcoin could reach $180,000 by year-end. Bitcoin is currently trading around the $89.6K zone, showing signs of consolidation as it approaches a key pivot at $88,650. However, the immediate resistance lies at $91,032, with higher targets at $93,062 and $95,100. Bitcoin (BTC) Price Chart (Source: TradingView) On the downside, immediate support is at $86,550, followed by $86,100 and $85,250. The 9-day EMA on the 4-hour chart at approximately $89,067 offers support, suggesting a neutral to slightly bullish trend if prices remain above this level. Additionally, RSI stands at 62, indicating that Bitcoin is neither overbought nor oversold, maintaining a balanced momentum. As BTC consolidates, the big question remains: Will it extend its drop or break through to new highs? Check out TheNewsCrypto’s Bitcoin price prediction to know more.

Dogecoin (DOGE) has recently experienced a staggering rally. Over the span of eight days, DOGE surged nearly 200%, reaching a local peak at $0.4385 on Tuesday. This explosive growth propelled the daily Relative Strength Index (RSI) to almost 93, signaling strongly overbought conditions. Since then, the Dogecoin price corrected by 19%, trading at $0.37 as of press time. However, according to crypto analyst Kevin (@Kev_Capital_TA), who has gained significant attention on X for his Dogecoin price analyses, the correction phase may not be over yet. In a series of updates, Kevin addresses how low Dogecoin can go before resuming its upward trajectory. How Low Can Dogecoin Go? “My first price target and a level we will want to hold for Dogecoin is the $0.30-0.26 range, which is the golden pocket retrace levels,” Kevin stated. “That’s a 30-40% correction from the local top, which in a bull market is a perfect size correction.” Kevin further explained the significance of RSI levels in predicting market movements. “A healthy 1-3 week correction/consolidation to cool off indicators would be the most beneficial thing that can happen to Dogecoin. Happened multiple times on the way up in 2020-2021,” he noted. “My opinion still remains this occurs soon based off the technical data I am looking at.” Drawing parallels to the previous bull market, he added: “Back in the 2020-2021 bull market for Dogecoin, it hit a 90+ on daily RSI three times, each time marking a local top or consolidation period before the next leg up. We just hit 90+ on the daily RSI for the first time, signaling that we potentially have 1-2 more legs up remaining in this bull market before we find the macro top. PS: The second and third legs were both bigger than the first leg.” On the lower time frames, the Dogecoin price action formed a symmetrical triangle, a chart pattern often associated with periods of consolidation that precede significant price movements. Kevin observed: “Tracking this weird Dogecoin symmetrical triangle. Honestly a 50/50 which way this breaks. I still favor the correction due to daily RSI being 90+.” The symmetrical triangle can serve as either a continuation or a reversal pattern, depending on market conditions. For the Dogecoin price, the breakdown from the triangle aligns with Kevin’s expectation of a correction due to overbought RSI levels. To estimate the potential magnitude of the price drop following the breakdown from the symmetrical triangle, traders measure the height of the triangle’s base—the widest part of the formation. This measurement is then projected downward from the point of breakdown, providing a target for the price movement. Applying this method to Dogecoin suggests a correction towards the $0.28 price level, which aligns closely with Kevin’s analysis targeting the $0.30-$0.26 range. “Looks like the correction I have been calling for the last couple of days is beginning on Dogecoin,” Kevin confirmed after observing the market movement. “Can’t go straight up, folks. Dips are healthy and reset the indicators so we can go higher. Hopefully nobody gets mad at me anymore for delivering the truth.” As of press time, Dogecoin is trading at approximately $0.37, having retraced about 19% from its local top. The price appears to have found temporary support at $0.35, but with the daily RSI only resetting to 80—still in overbought territory—a continuation of the correction cannot be ruled out. “A healthy 1-3 week correction/consolidation to cool off indicators would be the most beneficial thing that can happen to Dogecoin,” Kevin reiterated. “Happened multiple times on the way up in 2020-2021. My opinion still remains this occurs soon based off the technical data I am looking at.”

In order to integrate its quickly expanding gaming ecosystem with the Sei network, Drift Zone, the Web3 gaming company creating the next generation of Gacha games, has secured a $190,000 grant. With its Telegram mini-game Drift Zone: Arena already having over 500,000 players, the studio is proving that broad Web3 adoption can be facilitated by familiar gaming experiences. The studio’s strategy is on adding blockchain-powered real rewards to the well-liked Gacha mechanics, which generated over $4.4 billion in revenue in Asia last year. In order to provide Web2-like gaming experiences with Web3 advantages, Drift Zone: Arena and the soon-to-be collectible auto-battler Drift Zone: Origins will take use of the network’s 380-millisecond block finality and execute up to 12,500 transactions per second. Jason Lim, Global Gaming Lead at the Sei Foundation said: The demo of Drift Zone: Origins is now live on Sei, and users of Drift Zone: Arena may now validate accomplishments on-chain and collect rewards straight to Seiwallets, demonstrating how quickly development is moving forward. The studio’s entry into one of the most profitable gaming markets is made possible by this technical integration, which also adds real rewards to the well-liked Gacha format among Asian gamers. Vedran Sisak, Founder and CEO of Drift Zone stated: Give Drift Zone: Arena a try now. Join the more than 500,000 gamers who are already earning rewards in Drift Zone: Arena and experience the gaming of the future, powered by Sei. To begin playing right now, go to t.me/DriftZoneBot.

Bitomat.com is a place where people can go when they don’t want to deal with the risk of privacy violations or high transaction costs, as it allows users to avoid the hassle of verifying their accounts. The company was founded in 2017 and within a couple of years opened its first ATMs in Spain, then quickly became the biggest network in Europe / Spain, operating over 280 ATMs in multiple countries. Bitomat’s Bitcoin ATMs also became popular due to low costs – during discounts around 3% for either buying or selling. Meanwhile, average fees in Spain at ATMs are… 8%! It turns out, Bitomat offers almost 3x lower prices. The discounts that the operator organizes are announced through their social media or newsletter. True Privacy: The Difference of a Bitomat in Spain The hot topic worldwide is how private a person can want a transaction to be. Towards the extreme end of this scale, where even KYC compliance does not seem ideal, the option that Bitomat provides is top-tier, allowing you to make up to 990 euros KYC-free within a day. Considering the number of transactions that occur over regular ATMs, the option provided by Bitomat in Spain ensures that the privacy requirements of an individual are fully met, along with the ability to make varying levels of private transactions. This emphasis on anonymity is what differentiates Bitomat in Spain, given that users can freely purchase Bitcoin without an ID being required unless they surpass the daily limit. However, with the MiCA legislation about to take effect in the EU, tougher KYC (Know Your Customer) procedures might become a feature, which could impact the idea of anonymity. This particular regulatory change should encourage those concerned with privacy issues to use the anonymous mode of operation of Bitomat before it is too late. How Bitomat Works: A Simpler Transaction Process The main purpose of Bitomat ATMs is to provide people with an easy way of buying Bitcoin so that even non-experienced individuals, such as first-timers, can use it seamlessly. Here’s how it works: Finding a Bitomat ATM: Bitomat ATMs are situated in densely populated regions, such as transport hubs or busy city areas in Spain, making them easy to access. Find them on the map of Bitcoin ATMs in Spain. Commencing the Transaction: Users select their preferred language, including Spanish among other popular options, making it simple and user-friendly. Check the prices for each cryptocurrency and the fiat that is accepted or will be dispensed. Making the Transaction: Just insert cash up to the daily limit, validate your request, and receive your Bitcoin. It works the other way around, too. Bitomat ensures that users are not overwhelmed by excessive guidelines, thanks to the uncomplicated user interface. In addition, the ATMs provide some assistance through an onboard support feature along with basic customer screen cues. No Unpleasant Surprises: Fees and Promotions Unlike many other Bitcoin ATMs that follow convoluted fee systems, Bitomat is quite straightforward. An average flat rate of 4% per transaction is charged, making it cheaper than most Bitcoin ATM providers. Bitomat also offers organized discounts, which are regularly available, making frequent users likely to be enticed by them. Transparent pricing without hidden costs reflects Bitomat’s commitment to user-friendly policies. Privacy Without Compromises While confidentiality is important, Bitomat does not overlook safety. Every ATM has the latest encryption technology and security measures to ensure transactions and user information are safe. Whether users provide an ID or conduct a completely anonymous transaction, every transaction is secure. A balanced approach to privacy and safety makes Bitomat a trusted option in the crypto space. Adhering to Local Guidelines: Balancing Compliance and Privacy Bitomat offers anonymous transactions up to 990 EUR in Spain, while still complying with all local privacy regulations. This latitude has enabled Bitomat to grow and be seen as a company that respects the privacy of its users, while also complying with legal requirements across various regions. The upcoming MiCA regulation may allow smaller transactions but could also require KYC across Europe. For users in Spain, these policies may not be in place for long, which means they may want to act fast before privacy changes take effect. In the near future, new KYC requirements could impact the way users access the platform. Therefore, if you are someone who values anonymous transactions, waiting to transact may not be ideal. Real Experiences: What Bitomat Users Are Saying One of the most appreciated features among Bitomat’s customers is privacy. Users often mention how they are able to conduct transactions in a simple manner with low fees and reasonable payment processing times. Here is a sampling of what customers say: Privacy: Anonymity up to 990 EUR is a major draw for users who wish to keep their finances private. Affordability: Users appreciate Bitomat’s competitive, flat-rate fee structure, which is lower than many alternatives. Convenience: Bitomat ATMs are found in popular areas and offer an easy-to-use interface, making them a reliable choice. Bitomat has built a loyal customer base by providing users with an opportunity to use Bitcoin without having to sacrifice their privacy and convenience. Reviews highlight Bitomat’s transparent fee structure and user-friendly interface, underscoring its commitment to being a reliable Bitcoin ATM provider. The Final Takeaway: Why Bitomat Is Different What sets Bitomat apart from others in the Bitcoin ATM sector is that it’s more than just a device dispensing cryptocurrency. Bitomat ATMs emphasize privacy, low transaction costs, and ease of use. Now, Bitomat is a well-known brand among users who care about privacy in Spain, with over 280 ATMs across 14 countries. But with changes in regulations like MiCA coming, the feature of anonymous transactions provided by Bitomat may soon disappear. If you are a privacy advocate, the best time to use Bitomat is now. Go to a Bitomat ATM in Spain and enjoy the blend of privacy, low cost, and ease of use that drives Bitcoin users to this service. Would you like to try it? Discover Bitomat ATMs near you and see why it’s one of the best options in Bitcoin ATMs today. Sign up for Bitomat’s Newsletter to get a voucher that allows you to test buying or selling at the ATM with no risk.

The crypto market isn’t slowing down, with Dogecoin (DOGE) and Rexas Finance (RXS) attracting lots of investor activity. Dogecoin’s price trajectory indicates that it could revisit its 2021 peak of $0.74 and spark some excitement among traders and investors. Rexas Finance’s presale is succeeding and has excellent growth prospects that attract market attention, therefore, it is presale success and growth potential make it a promising contender for 2025. Dogecoin’s Journey to $0.74 and Possible Timeline Investors are looking to a Dogecoin rally back to its all-time high and this is fueling Dogecoin as it gains some momentum. There will soon be an end to that ABC correction phase, Dogecoin stabilization at the $0.17 mark. This long-awaited correction could provide an initial foundation for further growth of DOGE, with some analysts seeing a bounce from $0.17 as an important entry level for bulls. Source: X Speculation is running rife regarding whether Dogecoin could make a return to its old peak value of $0.74. DOGE could rally substantially in the next year as long as the current growth momentum continues. The way is unclear, but a break of $0.17 could signal a new high for new investors willing to look. Rexas Finance: A Promising Investment with 11,460% Projected Growth Recently, investor attention has turned to Rexas Finance (RXS), whose presale events have showcased its promise. Strong investor interest saw Stage 5 of its public presale raise $6.2 million quickly. According to analysts, by 2025, RXS can return an investment of up to 11,460%, and draw both institutional and retail investors. Rexas Finance is unique in DeFi when it comes to asset tokenization: real-world assets are available on the blockchain for investors. RXS brings together traditional finance and decentralized finance ecosystems by allowing users to tokenize assets like real estate and corporate bonds. The high level of this unique model has made its profile visible on various platforms such as CoinMarketCap and CoinGecko. Rexas Finance’s presale success and market approach are convincing investors to invest in its growth potential. RXS has planned listings on major exchanges and is hoping to attract more traction from a bigger investor base. Such moves could go a long way toward supporting RXS’s planned growth through 2025 as that firm makes its way to its projected valuation level. Recently, Rexas Finance got certified by CertiK, which verifies the project’s security credentials and provides a peaceful assurance to the investors that Rexas Finance takes safety seriously. In particular, CertiK is a leading blockchain security firm that provides audits that assess the robustness of the blockchain project. This certification has further proved its credibility as a tool to perpetuate Rexas Finance for growth in the DeFi space through sustainable growth. Conclusion Dogecoin and Rexas Finance present unique growth opportunities, driving discussions within the crypto community. Dogecoin’s trajectory toward $0.74 remains speculative but promising, drawing those optimistic about its market potential. Meanwhile, Rexas Finance’s rapid presale success and projected growth could position it among top-performing tokens by 2025, highlighting these assets as key players in the evolving crypto landscape. Website: https://rexas.com Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

Upbit is investigated for 600,000 KYC violations by South Korea’s FIU. Fines could reach millions, threatening Upbit’s business license renewal. South Korea’s largest cryptocurrency exchange, Upbit, faces an investigation for alleged violations of Know Your Customer (KYC) procedures. The Financial Intelligence Unit (FIU) has flagged between 500,000 and 600,000 identification issues during the review of Upbit’s business license renewal. The FIU uncovered numerous instances of blurred names or incomplete data in submitted identification documents. Despite these flaws, Upbit approved these accounts. Such oversights raise concerns about potential money laundering or criminal activities. South Korean regulations mandate strict KYC compliance for virtual asset service providers (VASPs). Since 2018, exchanges have required real-name verified bank accounts to curb financial misconduct. The FIU’s findings suggest Upbit failed to meet these standards. Fines and Licensing at Risk Under South Korea’s Special Financial Information Act, VASPs must renew their licenses every three years. Non-compliance with KYC can result in fines of up to 100 million won ($71,500) per violation. Given the high number of alleged violations, potential fines could reach millions. The FIU’s decision will determine whether Upbit retains its operating license. Losing the license could severely impact its operations and the broader cryptocurrency market. This investigation follows an anti-monopoly probe against Upbit by the Financial Services Commission (FSC). The exchange’s close relationship with K-Bank, a financial institution heavily tied to crypto deposits, triggered regulatory concerns. K-Bank handles up to 70% of its deposits from cryptocurrency-related accounts. These developments coincide with K-Bank withdrawing its $732 million IPO in October. The IPO faced criticism of overvaluation concerns and reliance on cryptocurrency funding. Upbit processes over $2 billion in daily trades, making it South Korea’s largest exchange. It handled $48.2 billion in October 2024, reflecting its dominance in the local market. The FIU’s final verdict will not only shape Upbit’s future but also set a precedent for regulatory enforcement in South Korea’s crypto industry.

XRP has been experiencing a significant increase in on-chain activity, which has resulted in a recent surge in its popularity. Analysts and investors have expressed interest in the XRP Ledger, Ripple’s digital payment platform, due to its increased transaction throughput. CryptoQuant recently noted an increase in the NVT (Network Value to Transactions) Ratio of XRP in a post on X (formerly Twitter), which implies that on-chain activity has been increasing. This increasing NVT Ratio may indicate that the XRP network is more active than its current market valuation. Market observers are keeping an eye on the altcoin’s value and activity, which of late are exhibiting a variety of signals. Despite the network usage’s surge, XRP price continues to encounter obstacles, with critical resistance levels imminent. What’s The Reason For The Increase In NVT Ratio? A measure of the “value” of network activity is the NVT Ratio, which is calculated by dividing market capitalization by the volume of on-chain transactions. On November 2, XRP’s NVT Ratio saw a sharp rise, hitting 1,162 in a comparatively short amount of time. This increase is primarily attributable to a surge in on-chain activity, which resulted in the network processing $44 million in daily transaction traffic, CryptoQuant data shows. So, what does this imply? A high NVT Ratio usually suggests that the market capitalization hasn’t kept pace with the increased activity in the network, even though the network is in use. With respect to XRP, it implies that the number of transactions is higher, possibly for remittance or other purposes. This increase in activity, however, has not yet translated into an increase in the price of the token. In fact, despite the rise in activity, the market capitalization of XRP has remained relatively constant, close to $51 billion. XRP: $0.75 Resistance In Focus While this is going on, XRP market experts are looking at how the price of the coin changes. For almost a year now, $0.75 has been a strong resistance. A well-known crypto expert, Egrag Crypto, also saw this level as a major obstacle for the token. Egrag suggests that if XRP is able to surpass $0.75, it may pursue subsequent targets at $0.85 and even $1.12, potentially triggering a rally. However, it has not been a simple feat—XRP’s most recent endeavors to surpass this threshold in November 2023, March 2024, and this month were all met with substantial selling pressure. Nevertheless, traders remain optimistic that the heightened network activity and support levels could provide XRP with the necessary boost, despite these setbacks. December Rally December 2024 has the potential to be a transformative month for XRP. Many analysts believe that if XRP closes above $0.60 on a weekly basis, it could establish a “wake-up line,” which could result in increased price gains through the end of the year. Featured image from Yahoo Finance, chart from TradingView

Solana-based Memecoin Dogwifhat (WIF) is among the tokens leading the crypto market. The cryptocurrency surged over 40% in the last 24 hours, breaking above the $4 resistance zone following its Coinbase listing. As a result, some market watchers forecasted a massive WIF rally before year-end. Dogwifhat Rallies 40% Amid Coinbase Listing Dogwifhat has been one of the best-performing memecoins of this cycle, seeing a 2000% surge to its $4.83 all-time high (ATH) in March. The token led the Solana meme frenzy during Q1 but faced a significant 66% price drop in the following months while the market retraced. As the crypto market regained momentum, the token broke above the crucial $2 resistance zone, reclaiming this level as Q3 closed. Since Trump’s victory in the US presidential elections, WIF has joined the market’s broader rally, breaking out of an 8-month downtrend. WIF’s reclaim of the $3 mark earlier this week fueled investors’ bullish sentiment as the token reached levels not seen since June. Moreover, the cryptocurrency experienced a massive 40% rally in the last 24 hours after being listed on a major crypto exchange. On Wednesday, Coinbase announced the listing of Dogwifhat alongside frog-themed memecoin PEPE. The news propelled a massive rally for the dog-themed token, sending its price from the $2.93 weekly low to the $4.00 resistance level. On Thursday morning, the memecoin rallied toward the $4.30 mark, seeing its highest price since early April. Since the listing news, WIF has tried to turn the $4 resistance into support, briefly losing the level as Bitcoin (BTC) retraced to $87,000. Despite the momentary retrace, Dogwifhat remained among the best-performing cryptocurrencies among the top 100 list, seeing a 9.9% increase in the last 24 hours, while the broader market bleed 2.2%. WIF To $5 By Christmas Day? Following its massive performance, some market watchers forecasted a $5 target for the cryptocurrency. Trader Koala suggested that WIF would see a deviation from its 24-hour $3.90-$4.30 range. After the deviation, the analyst stated that the memecoin could see a bounce from the range’s lows toward the range highs before moving toward the $5 zone. The token has momentarily recovered from the drop below $4, trading at the range’s lower levels, just 16.4% below its ATH. Meanwhile, another market watcher suggested that Dogwifhat could see a rally like Shiba Inu’s (SHIB) 2021 run. X user Sito noted that SHIB rallied 1800% after being listed in Coinbase, reaching its ATH of $0.00008616 42 days later. Per the post, WIF could see its surge above the $50 mark if it performs similarly to SHIB’s price action post-Coinbase listing. Sito pointed out that this would lead to WIF’s price trading at $52 by Christmas day. Moreover, he detailed that SHIB’s listing occurred towards the end of the previous bullish cycle, arguing that dogwifhat’s listing could be “even more bullish as it would allow for more organic growth.” As of this writing, WIF is trading at $4.05, a 71.6% surge in the last seven days.

George Town, Cayman Islands, November 15th, 2024, Chainwire Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced that it has entered into a long-term hosting service agreement with BITMAIN, the world’s leading manufacturer of digital currency mining servers through its brand Antminer. Under the agreement, BITMAIN and its affiliates will provide hosting services for Prosper’s foundation-owned Bitcoin miners, bringing high-quality operational standards for $PROS token holders. The first batch of hashrate under this agreement is expected to come online throughout November via Antpool’s mining pool platform and accessible via Prosper’s v1 web app. Earlier this quarter, Prosper announced a pivot in its strategic direction to focus on Bitcoin mining and unlock Bitcoin’s potential in liquidity farming. Prosper has entered into an agreement with BITMAIN to enhance execution quality for its miners and $PROS token holders. This also highlights Prosper’s value proposition as the only Web3 Bitcoin mining project that has secured multiple top-notch industry players as key service providers. About BITMAIN Since its foundation in 2013, BITMAIN is the world’s leading manufacturer of digital currency mining servers through its brand ANTMINER, which has long maintained a global market share and leading position in technology, serving customers across over 100 countries and regions. The company’s R&D center is situated in Singapore, and it has multiple branches and subsidiaries across the globe, including but not limited to Hong Kong, the United States, Malaysia, and the United Arab Emirates. About Prosper Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin’s value layers through bridging institutional-grade Bitcoin mining power on-chain, and unlocking the potential of Bitcoin through liquidity farming. For more information, users can visit prosper-fi.com or follow us on X (formerly Twitter). Contact Prosper [email protected]

Data from several on-chain indicators suggests demand from retail investors has finally returned following the latest Bitcoin rally. Bitcoin Retail Interest Has Returned In Explosive Fashion Bitcoin has witnessed a massive surge recently and has come closer to the $100,000 dream target than many had expected. Investor interest in the asset had cooled off during the cryptocurrency’s endless consolidation, but with a rally like this, it has naturally made a return. In the context of the current discussion, the investor focus segment is retail, which includes the smallest of the holders. The first metric that would hint at a return of these investors in the market is the New Addresses, which keeps track of the total amount of BTC addresses coming online for the first time. As the market intelligence platform IntoTheBlock has pointed out in an X post, the Bitcoin New Addresses have witnessed a sharp increase recently, suggesting a large amount of address creation. The New Addresses can register an uptick when new investors join the network or when old ones who had sold earlier come back to the asset. The metric also goes up when existing users create multiple wallets for privacy. However, when a surge occurs at a scale like the recent one, the former is more likely to be the reason. Thus, the latest trend in the indicator could imply a high amount of fresh adoption for the cryptocurrency. As is visible in the above graph, the Bitcoin New Addresses recently hit a high of 442,000, the highest daily value since March of this year. Large investors are also likely joining the network right now, but their number certainly wouldn’t be too high, so this adoption must come from retail investors. Another indicator, the Retail Investor Demand 30D Change, provides us with information about the activity of existing and newcomer retail investors right now. As CryptoQuant community analyst Maartunn has explained in an X post, this indicator has also recently shot up. This metric tracks retail investor demand through transaction volume. Since the members of this cohort carry balance amounts that aren’t too significant, their transfers tend to involve small values as well. As such, their volume can be measured by only involving data of the transfers valued at less than $10,000. From the chart, it’s apparent that the 30-day change in the volume of retail investors has recently seen a large positive spike to levels not seen in more than four years. “It’s impossible to ignore that retail trading is fully back, with Dogecoin surging, high funding rates, and a spike in Google searches for Bitcoin,” notes the analyst. BTC Price Bitcoin has seen a bit of a setback in the past day as its price has now dropped to the $88,300 level.

Ilya Lichtenstein sentenced to 5 years for laundering $8 billion in stolen bitcoin. The stolen bitcoin is now worth over $8 billion, up from $71.8 million in 2016. Ilya Lichtenstein, the hacker behind the 2016 Bitfinex exchange breach, has been sentenced to five years in prison for his role in one of the largest cryptocurrency thefts in history. Lichtenstein, 35, stole approximately 120,000 Bitcoin, valued at $71.8 million at the time. Today, those stolen funds are worth over $8 billion. In 2016, Lichtenstein exploited vulnerabilities in Bitfinex’s system using advanced hacking tools. He authorized over 2,000 transactions that transferred 119,754 Bitcoins to a wallet under his control. To cover his tracks, Lichtenstein deleted crucial access logs and credentials from the exchange’s network, preventing law enforcement from detecting his actions. Laundering Tactics Uncovered Following the hack, Lichtenstein enlisted the help of his wife, Heather Morgan, to launder the stolen funds. Morgan, known by her online persona “Razzlekhan,” helped Lichtenstein carry out complex money laundering techniques. These methods included using fictitious identities to create online accounts, automating transactions, and converting bitcoin into other cryptocurrencies in a process known as “chain hopping.” Additionally, Lichtenstein and Morgan deposited the stolen bitcoin into a variety of accounts on darknet markets and cryptocurrency exchanges. They used U.S.-based business accounts to legitimize their activities and even converted part of the funds into gold coins. Despite the complexity of these actions, authorities managed to trace the laundering network, eventually arresting the pair in February 2022. In August 2023, both Lichtenstein and Morgan pleaded guilty to conspiracy to commit money laundering. While Lichtenstein received a five-year sentence, Morgan is scheduled for sentencing on November 18, 2024. Prosecutors had recommended 18 months in prison for her role in laundering the funds. Lichtenstein’s efforts to cover his tracks were described as the most complicated money laundering tactics seen by IRS agents. As of now, Bitfinex continues to cooperate with law enforcement to recover the stolen Bitcoin. The legal proceedings and sentencing will impact how authorities approach crypto-related crimes moving forward. Highlighted Crypto News Today XRP Hits 16-Month High After Legal Win and 23% Surge

Ripple’s XRP reached a 16-month high of $0.8452, the highest since early July 2023. Ripple secured a major legal win, allowing progress toward final judgment and halting class claims. XRP has finally joined the crypto bull market, hitting a nearly 16-month high of $0.8452, a level last seen in early July 2023. Over the past 24 hours, XRP surged by over 23%, rising from an intraday low of $0.6866. While major cryptocurrencies like Bitcoin benefited from Donald Trump’s recent US presidential victory, XRP was relatively muted. However, today the altcoin defies expectations and breaks the prolonged bearish trend. The rally comes amid key developments fueling investor optimism. Firstly, Ripple Labs and CEO Brad Garlinghouse recently scored a major legal victory as a US court ruled in their favor, allowing Ripple to move with the final judgment and placing a hold on class claims. This ruling is seen as a crucial moment in the ongoing legal battle, offering Ripple a path to victory. Adding to the excitement, 18 US states have sued the SEC, alleging unconstitutional overreach under Chairman Gary Gensler. This has raised speculation that Ripple may win its case against the SEC, further fueling optimism in the market. As a result, XRP’s price has surged by over 47% in the past week, with many expecting it to reach a new all-time high soon. XRP Price Faces Mixed Signals In the XRP/USDT 4-hour chart, the cryptocurrency shows a “golden cross,” as the short-term 50-day MA crosses above a long-term 200-day MA, often seen as a bullish indicator. Despite some bearish signals, this reversal in momentum is seen as a positive sign for XRP, with the price soaring over 50% in a month. XRP Price Chart (Source: TradingView) However, XRP’s Chaikin Money Flow (CMF) at 0.24 signals moderate buying pressure, supporting its recent price surge. At the time of writing, XRP traded at $0.8102 with a market cap of $46.23 billion. Additionally, the daily trading volume of the altcoin climbed over 72% to $11.14 billion. XRP is now expected to trade between $0.51 and $1 in the coming days. If its legal situation progresses favorably, it could climb even higher. Highlighted Crypto News Today Will Fed Chair Powell’s Rate Cut Policy Impact Crypto Market?

Bitcoin has continued its bullish momentum streak, reaching a new all-time high on November 13 and triggering a wave of activity across the crypto market. In particular, the futures market has been significantly impacted, with a surge in trading volume for the BTC/USDT pair. This increase has highlighted an intense period of market engagement, with leading exchanges, particularly Binance, at the forefront of this trading frenzy. Record Trading Volumes And Market Volatility Risks A CryptoQuant analyst known as Crazzyblockk shared insights into the trading frenzy phenomenon, noting that the futures market for Bitcoin has become “exceptionally overheated.” According to the analyst’s recent post on the CryptoQuant QuickTake platform, trading volume has surged across both spot and futures markets on major centralized exchanges. The cumulative trading volume for BTC/USDT across all major platforms has reached an amount of roughly $129 billion, with Binance contributing a substantial $50.2 billion to this figure. The surge in futures trading activity has raised important questions about market stability and the potential for heightened volatility. As Crazzyblockk explained, when Bitcoin’s derivatives market experiences rapid growth, particularly in the futures segment, there is often a tendency for heightened market fluctuations. The CryptoQuant analyst added: The analyst emphasized that the “overheated” state of the market warrants caution from investors and traders. In his words: Outlook On Bitcoin Bitcoin is facing a noticeable decline in price, dropping by 6.1% in the past day to a current trading price of $87,977. This ongoing drop in price comes after it recently achieved an all-time high above $93,000, as recorded yesterday. With BTC back to trading below the $88,000 region, the asset has now decreased 5.9% away from its peak. While the reason behind this ongoing correction is not certain, renowned crypto analyst Ali has recently highlighted an interesting BTC trend behind the scenes. In a post uploaded earlier today on X, the analyst reveals that roughly $5.42 billion of Bitcoin profits has now been realized, pushing the asset’s sell-side risk ratio to 0.524%. Ali warned to “stay alert and proceed with caution.” Meanwhile, another analyst known as Javon Marks has also noted in one of his recent posts that while further upward momentum is still being witnessed with Bitcoin hitting a peak yesterday, “target now continues to be at $116,652 which is visioned to come at even greater speeds and with greater power than the first.” Featured image created with DALL-E, Chart from TradingView