With the announcement of HARD.fun, the first decentralized memecoin creation platform in the market, Kava, the open-source, non-custodial DeFi ecosystem, has opened the door for the entire cryptocurrency community to realize their memetic visions. An overwhelming majority (more than 80%) of holders of Kava Lend’s governance token, HARD, voted in favor of the proposition, which led to the introduction of HARD.fun’s. It is intended to serve as the world’s first memecoin launchpad, embodying the core principles of cryptocurrency itself: enjoyable, community-led movements that distribute their gains back to their owners. Although memecoin launchpads are not new, the most well-known ones—Moonshot, Pump.fun, and Gra.fun—are all centralized initiatives run by their inventors that provide no assistance to memecoin communities. A decentralized version that guarantees the value of memecoins is appropriately dispersed among their communities is desperately needed, and HARD.fun will fulfill that requirement. AI brings your memecoins to life The recently released Kava AI chatbot, which can directly query the Kava Chain as well as any EVM and Cosmos-based network, may completely automate the process of breaking down the hurdles to memecoin creation, which is one of HARD.fun’s main goals. All users need to do is instruct the chatbot on the kind of token they want to produce and the necessary variables, and the platform will generate it instantly on the blockchain of their selection. This is significant because the finest ideas, not the best codebase, are the foundation of the most successful memecoins. For the most creative ideas to be realized, HARD.fun wants everyone to be able to mint a memecoin. HARD.Fun’s AI integration will eventually do much more than only make creating memecoins easier; it will also make marketing possible. Users will be able to develop AI-based agents that can automatically tweet news and updates by using Kava AI’s access to the whole Kava Chain user base. This makes them an invaluable tool for community management. Additionally, there are a ton of upcoming AI improvements for memecoin developers. Another important objective of HARD.fun is accessibility. Creators will be able to introduce memecoins that span the Ethereum, Cosmos, IBC, and Kava EVM ecosystems by using Kava Chain’s interoperable cross-chain bridge. Later, BNB Chain, Solana, Tron, and other ecosystems will be able to join the mix. The goal of HARD.fun is to make memecoins accessible to the general public, and every token that is introduced on the platform will ultimately be able to be traded on each of those networks. HARD.fun is a community-run platform that uses a decentralized governance approach that gives everyone a voice in the platform’s and its memecoins’ future, as well as a new reward-sharing scheme that guarantees memecoin token holders profit from the success of their projects. In addition to voting on the long-term objectives and features of the HARD.fun platform itself, users will have the ability to choose the tokenomics of specific memecoins. By giving HARD token holders more uses, HARD.fun generates a positive feedback loop of community benefits that will raise transaction volume, improve demand, and strengthen HARD’s value in the long run. With platforms like Pump.fun and Moonpay speeding up Solana’s development and Gra.fun and Sun Pump attracting more people to BNB Chain and Tron, the popularity of memecoins has played a significant role in the success and growing uptake of blockchains. With each successful token launch, HARD.fun, the first community-run memecoin platform, will contribute to the substantial expansion and modification of Kava Chain, enhancing its significance. Those with the most creative ideas will benefit greatly from the next generation of memecoins, which will reward users and pioneer the use of AI chatbots to remove friction.

The US CPI data for October expected to report a 2.6% inflation spike, up from 2.4% in September. The anticipation of higher inflation causes a 1.15% dip in the global crypto market, dropping to $2.91 trillion. The U.S. Consumer Price Index (CPI) data for October is set to be released today at 8:30 a.m. Eastern Time. This highly anticipated report is expected to show a slight uptick in inflation, with an annual increase of 2.6%, up from 2.4% in September. CPI Data (Source: US BLS) According to the report, the core CPI, which excludes food and energy, predicted to remain steady at 3.3%. Every month, analysts expect CPI to rise by 0.2% and core CPI to climb by 0.3%. However, this expected inflation rise triggered a slight dip in the global crypto market, with Bitcoin and other digital assets facing a brief drop. Bitcoin, which hit an all-time high of $89,956 on Tuesday, has paused its rally, falling 0.17% to $87,706. Further, the global crypto market cap dropped 1.15% to $2.91 trillion, reflecting investor caution ahead of the CPI release. Moreover, big banks like Wells Fargo, JPMorgan, and Citi are forecasting a 2.5% to 2.6% CPI increase, and any number above expectations could further dampen hopes for a rate cut in December. As investors await the data, the crypto market remains on edge, reacting to shifts in traditional financial indicators. Highlighted Crypto News Today South Korea Police Arrest 215 in $232M Crypto Scam

Metaplanet’s Bitcoin assets have accumulated $28 million in gains. The firm posted a remarkable 155% BTC yield for Q3 2024. The Japanese investment firm, Metaplanet, known as Asia’s MicroStrategy, recorded a surge in its Bitcoin holdings, increasing by $28 million this year. This resulted in doubling the firm’s market valuation. Despite the surge, Metaplanet’s stock has witnessed a brief decline. The mid-2024 noted the beginning of the focused acquisition efforts of Metaplanet, and their strategy has been widely discussed in the market. Since September, the company has increased its Bitcoin stash considerably. According to the third-quarter financial report, the holdings have risen from 492.82 BTC to 1,018.17 BTC by mid-November. Notably, the rise in Bitcoin’s value has significantly contributed to Metaplanet’s market valuation, which currently exceeds $64 million in Bitcoin investments. This solidifies Metaplanet’s position as one of Asia’s largest corporate Bitcoin holders. Regardless of the rewarding Bitcoin strategy of Metaplanet, the firm has encountered difficulties on the financial side. The firm has reported a loss of $2.1 million for the first nine months of this year. This loss can be marked as a development over the $2.7 million loss registered during the same period in 2023. In addition to its revenue growth, Metaplanet raised more than $26.7 million this year through bond offerings and stock issuances. This additional capital has supported the company’s ongoing investments in both Bitcoin and its other business ventures. On the other side, Metaplanet has initiated a Key Performance Indicator (KPI) called “BTC Yield” for transparency over its acquisition. The BTC Yield tracks the shift in Bitcoin holdings per fully diluted share. The BTC Yield has reached 155% in recent quarters. Bitcoin’s Price Momentum The increase in Bitcoin holdings comes as the crypto market experiences a major rally. Bitcoin (BTC) has surged by over 138% over the year. The asset saw considerable fluctuations due to the US presidential election. The largest asset has recently hit its record high at $89K. At press time, the asset is trading at $87,714 with its market cap settled at $1.74 trillion. Besides, the daily trading volume has steadily declined by over 34% to $103 billion. If the upside trajectory continues, the asset might hit new highs as analysts predict. Highlighted Crypto News Binance Under DOJ Scrutiny for FTX Related Crypto Holdings

Pepe Coin (PEPE) is the token that has swept over the Bitcoin scene. PEPE has exceeded expectations by more than 969% and confirmed its ranking among the top meme currencies during the past year. But given such fast increases, investors wonder, can this fantasy last? And in the following bull run, how high might PEPE possibly rise? Let’s examine expert forecasts and investigate whether this frog-themed coin has staying power—and how another developing project, Rexas Finance, can present even more significant returns. Pepe Coin’s Journey: From Meme to Market Powerhouse Often mentioned alongside Dogecoin and Shiba Inu, PEPE has become one of the most successful meme coins ever invented. Unlike most popular meme currencies, which are dog-themed, PEPE’s frog mascot has managed to break through, especially remarkable since it accomplished this among the demanding conditions of a crypto winter. PEPE traded sideways for much of 2023 but kept a market worth above $1 billion. Meme coins are causing waves as the crypto market gets ready for a fresh bull run; PEPE is leading the charge. Designed on Ethereum, PEPE distinguishes itself from other meme coins already popular on Solana by displaying resilience and promise as investor excitement returns to the market. PEPE Long-Term Price Forecast: 2025 Although meme currencies are erratic, PEPE should keep on its increasing slope until 2025 and beyond. Should the crypto bull market start, PEPE could gain more trading volume and a favorable attitude among meme coin aficionados. Though it is a big participant in the meme coin market, there is still plenty of opportunity for expansion. Leading meme coin dogecoin has a market capitalization of almost $25 billion. Should PEPE match this, its price would have to rise by almost 6.25x. Keeping that aim in mind, by the end of 2025 we project PEPE will have a price of about $0.000050. Under a somewhat optimistic scenario, PEPE might hit $0.00010, therefore bringing its market capitalization to a startling $42 billion. Rexas Finance (RXS): Maybe a More Profitable Prospect For those enthralled with PEPE’s spectacular expansion, smart investors have also come across another developing project called Rexas Finance (RXS) which is also built on the Ethereum blockchain. Leading real-world asset (RWA) tokenizer, Rexas Finance provides a distinct kind of value, promising stability, creativity, and significant growth potential that might outperform even meme coins like PEPE. The continuous presale of Rexas Finance has attracted enormous support and shows no slowing down tendency. Recently ending, Stage 4 of the presale raised over $5.4 million and gave early investors returns of more than 130%. In just two months. Rexas Finance, now in Stage 5, has already raised $6,077,025 with a token price of $0.07 and over 76% completion at this level. In expectation of the project’s forthcoming IPO at $0.20 on major exchanges, investors are feverishly acquiring RXS tokens—a possible gain of 186% for present buyers and 330% for those who joined earlier stages. Through its Millionaire Giveaway, a $1 million prize pool in RXS tokens, Rexas Finance has also attracted notice. Twenty fortunate victors in this event stand to get RXS tokens valued at $50,000 apiece. Investors who want to take part should finish community tasks and provide their ERC20 wallet addresses, therefore fostering a vibrant community surrounding the project. This project has drawn a lot of attention, therefore strengthening the market’s visibility and reputation of credibility for it. Rexas Finance is getting ready for a first significant listing on three top-tier exchanges in Q1 2025. Originally priced at $0.20, RXS is projected to see demand surge and higher trading activity, thereby offering liquidity and perhaps significant profits. Recent listings on CoinMarketCap and CoinGecko have made it simpler for investors to manage their holdings and track the progress of the presale, therefore strengthening faith in the future of the project. Rexas Finance is positioned to lead in the unexplored industry of real-world asset tokenization given the rising price of Bitcoin and generally optimistic crypto markets. With some analysts projecting a surge of up to 20x by the end of 2025, the project’s development potential is amazing and RXS is a tempting choice for investors searching for significant gains. Conclusion Pepe Coin has enthralled the meme coin market and is still a great choice for short-term gains; Rexas Finance offers an interesting substitute for investors looking for long-term development possibilities and a strong use case. Rexas Finance distinguishes itself as a potential competitor for investors wishing to profit from the forthcoming bull run with its creative approach to asset tokenization, continuous presale success, and active community projects. Both coins show interesting prospects whether your interests are drawn to the meme magic of PEPE or the real potential of RXS; but, Rexas Finance may provide a more solid route to millionaire status in the next crypto cycle. About Rexas Finance :- Website: https://rexas.com 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.

Bonk has taken a downturn, sliding toward the crucial $0.00002635 price mark as bearish forces take charge. This level could be the bulls’ last stand to regain momentum and prevent a deeper correction. With market sentiment hanging in the balance, all eyes are on whether buyers can mount a comeback at this pivotal support. A successful defense could spark a bullish reversal, bringing fresh optimism to Bonk’s price trajectory. But if the bears hold strong, the path forward may grow more challenging. This analysis aims to examine the meme coin’s recent price movement as it approaches the $0.00002635 support level, assessing whether this key point could spark a potential trend rebound. By analyzing technical indicators, market sentiment, and historical price patterns, this article seeks to provide insights into whether upbeat pressure can reassert itself at this level or if further bearish pressure could drive the price lower. Analyzing Bonk’s Price Trends And Recent Downward Shift Recently, despite staying above the 100-day Simple Moving Average (SMA), Bonk has shifted into a bearish phase on the 4-hour chart. After facing resistance at $0.00004002, the price has pulled back toward $0.00002962. This retreat indicates increasing negative pressure, with sellers gaining control. If the price fails to hold at $0.00002962, more declines could follow, possibly testing lower support levels. Also, the 4-hour Relative Strength Index (RSI) has fallen from 80% to 63%, signaling a decline in bullish momentum. As the RSI approaches neutral territory, buying pressure has eased, and market confidence in the uptrend is diminishing. Specifically, this change suggests that BONK may be entering a correction phase, with the potential for further downward movement should the trend persist. On the daily chart, after facing resistance at $0.00004002, BONK is exhibiting a growing pessimistic sentiment. A negative candlestick pattern and a decline toward $0.00002962 highlight increasing selling pressure as the meme coin struggles to maintain higher levels. This implies that market momentum is shifting, and BONK may face additional downside pressure if it fails to stabilize. Finally, on the 1-day chart, the RSI has dropped from 82% to 67%, signaling a possible shift in momentum suggesting fading buying pressure and a transition from an overbought condition to a more neutral or bearish phase. As the RSI moves further from overbought levels, it indicates weakening upward strength, with sellers possibly gaining control, which could lead to a price correction or consolidation. Navigating The Downturn: Can Bulls Push Back Bonk From Here? As the market faces a downturn and the price drops toward $0.00002962, the critical question is whether bulls can regain control and reverse the trend or if bearish pressure will continue pushing the price lower. If BONK reaches this support level and the Bulls can successfully defend it, a rebound could follow, potentially driving a resurgence toward $0.00004002 and beyond. However, failure to defend this support could signal more declines, which could target lower levels, such as $0.00002320 and beyond.

South Korean police arrested 215 individuals involved in a $232 million crypto fraud. The scheme was led by a popular YouTuber with 620,000 followers, promoting high returns. South Korean police have apprehended 215 individuals tied to a large-scale cryptocurrency investment scam, responsible for defrauding over 15,000 people and causing losses of 325.6 billion won ($232 million). The investigation, led by the Gyeonggi Southern Provincial Police Agency’s Anti-Corruption and Economic Crime Unit, revealed the scam ran from December 2021 to March 2023, targeting primarily middle-aged and elderly investors. According to authorities, the scheme revolved around a fake investment consulting company fronted by a YouTuber with over 620,000 followers, who allegedly operated as the scam’s ringleader. The organization encouraged people to sell their apartments and take out loans to fund investments, promising up to 20 times returns on selected virtual assets. Victims were lured with claims of exclusive access to advanced information on unlisted cryptocurrencies, which would supposedly generate massive profits. Token Manipulation Exposed The scam involved 28 different tokens, six of which were created and manipulated by the ringleader and his associates. The remaining 22 tokens had low trading volumes, suggesting little value. The group listed the tokens on foreign exchanges through brokers, while market-making teams artificially inflated prices to deceive investors further. Twelve key figures remain in detention, including the YouTuber, who initially fled South Korea for Australia, passing through Hong Kong and Singapore. These core members now face price manipulation, money laundering, and fraud charges. South Korean police, known for preserving suspects’ identities, only referred to the YouTuber as “A”. They have not disclosed other names involved in the scheme. The Gyeonggi police agency has seized about $34 million worth of assets linked to the scam, including 22 Bitcoins found in a crypto hard wallet belonging to the ringleader. The police have also requested court approval to further confiscate assets from the accused to reimburse affected individuals. South Korean authorities continue to warn citizens against investment scams and emphasize the need for vigilance. When approaching high-return promises, particularly those marketed aggressively through social media and private consultations. Highlighted Crypto News Today Binance Under DOJ Scrutiny for FTX Related Crypto Holdings

Currently, DTX Exchange (DTX) has seen $7 million in pre sale funding. That is because the launch of its Phoenix Wallet has also sparked high interest of DeFi investors. DTX is now an altcoin sector’s leading DeFi project with this substantial presale success. In addition to being a crypto wallet, the Phoenix Wallet is a unique, unified DeFi and TradFi platform. The wallet is built upon DTX’s proprietary Layer 1 blockchain, allowing trading of over 120,000 assets in seamless fashion. The platform brings together traditional and digital assets by offering investors something of both security and far reaching market access. The strength of investor confidence in DTX’s hybrid model shows in its growth. Unlike other DeFi platforms, DTX has centralized and decentralized features and provides liquidity with transparency. This combination satisfies requirements of the institutional investors and the needs for retail users. Phoenix Wallet: Driving Momentum in DeFi Market From that, their ecosystem has positioned the Phoenix Wallet as the cornerstone responsible for giving users access to many assets. On top of supporting cryptocurrencies this non custodial wallet supports traditional financial products like stocks and bonds. They love its freedom and security, something few other DeFi wallets can replicate. Phoenix Wallet is powered by the proprietary Layer 1 blockchain with super fast speed and scale. With DTX, the differences between competing platforms are set apart by the high speed of transactions across thousands of assets. This way, with DTX, users might trade more efficiently while ensuring their security. DTX’s innovation has significant interest from the DeFi enthusiasts and institutional investors as well. With more investors investing in Phoenix Wallet, more are migrating to DTX due to its unique and innovative approach to financial inclusion. The platform’s versatility is a great addition to the DeFi space and provides extra playability to new and experienced users. Experts Predict DTX’s Potential for 50X Growth But as DTX prepares for a listing on Tier 1 exchanges, analysts are watching the project as they see harsh potential growth. With the current token price at $0.08, investors consider the price an entry worth participating in. Industry experts also say DTX could increase 50 times as demand grows. Socially and copy trading, staking rewards and trading bots further develops the platform’s user friendly functionality. DTX’s offering these tools is for the type of traders no matter whether one is a beginner or a seasoned trader the tools reach out to a wide range of audience. Thus, the project has a great chance to dominate the DeFi sector. An additional driver for DTX’s growth is its hybrid model — combining the best of both a centralized exchange (CEX) and decentralized exchange (DEX). Combining this innovative approach with its cutting edge technology and user friendly choice of assets, DTX stands out as an altcoin. The project’s momentum is really building up to be one of the most sought after tokens in the DeFi market. DTX: A Leading Altcoin for 2025 and Beyond With presale funding on the rise and Phoenix Wallet catching a wave of interest, DTX has set itself up for growth. The project deals with the subject of financial inclusion, high speed transactions as well as trading options. DTX is considered a terrific altcoin that has good long term potential to become a promising altcoin and investor sees this as a good investment. If DTX actually realizes its plans for continued expansion, it is looking like an important player in the altcoin market thanks to its physical infrastructure that is easily scalable. With its rapid growth and the fact that the platform is one of its kind, it is a tempting choice for diversification for your DeFi portfolio. As it travels on, DTX could create a new DeFi benchmark for accessibility and security. Top alt coins to watch includes DTX as it continues with the development and possibly the listing. With their hybrid model, Layer 1 blockchain and diverse assets, this is a DeFi enthusiast solution. DTX rests on a solid foundation and is ready to fit in to the DeFi space. Learn more: Buy Presale Visit DTX Website Join The DTX Community Whitepaper Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

XRP surged over 20%, breached the critical $0.70 resistance, and reached an intraday high of $0.7416. The surge brought XRP close to its yearly high of $0.7443, recorded in March, after a prolonged bearish trend. In the ongoing bull run, Ripple (XRP) finally signals a positive trend as it breaks through the key resistance of $0.70 after a week of bearish pressure. Today, the altcoin surged over 20% in early Asian trading hours, climbing from a low of $0.6101 to an intraday high of $0.7416, just shy of its yearly high of $0.7443 set in March. The current rally in XRP follows a prolonged eight-month downturn, but XRP still faces strong resistance around the $0.74 zone. In March, it struggled to hold above this level, and today, the coin once again retreated after briefly reaching the same threshold, dropping back to $0.6731. However, there’s growing optimism in the XRP market, driven by the potential for regulatory changes in the US. The biggest push for XRP’s recent price jump could be the possibility of a more crypto-friendly U.S. government under Trump, who promised to fire SEC Chair Gary Gensler on his first day in office. This could potentially end the SEC’s years-long crackdown on cryptocurrencies. Further, Ripple CEO Brad Garlinghouse has expressed hope that the ongoing SEC lawsuit could be resolved soon, especially with an upcoming pro-crypto administration. Following his open tweet, the crypto analysts and the community expect that XRP could hit $1 in the coming days. XRP’s technicals paint a bullish picture as well. Golden Cross Signals Strong Upward Trend for XRP On Nov. 5, XRP’s price at $0.5076 played a crucial role in triggering buying pressure as the election loomed. Following that, the altcoin entered bullish momentum slowly, and its RSI now stands at 68.52. As per the XRP/USDT pair on the 4-hour trading chart, it’s trading close to the overbought zone, indicating strong buying interest in the current market. This also hints at a potential slowdown or consolidation if the RSI crosses into overbought levels. Ripple (XRP) Price Chart (Source: TradingView) Further, XRP trades above the 50-day and 200-day MA, signaling a strong upward trend. Even on Nov. 10, the 50-day MA crossed above the 200-day MA and formed a Golden Cross—a classic bullish sign. Since then, the altcoin has climbed over 39%, from a low of $0.5332 to $0.7416. On the other hand, a CMF of 0.07 shows modest buying pressure, indicating a neutral to slightly bullish sentiment. To validate this, after reaching an intraday high, XRP backed down to yesterday’s level. At the time of writing, XRP is priced at $0.6752 with a market cap of $37.81 billion. Ripple’s native crypto is still well-positioned above the crucial resistance level of $0.65, a level that has been challenging to break for an extended period. Additionally, its daily trading volume has climbed over 50%, reaching $10.26 billion. Based on the technicals, XRP is expected to trade between $1.0927 and $0.6105 in the upcoming days. Highlighted Crypto News Binance Under DOJ Scrutiny for FTX Related Crypto Holdings

In a significant development for the Ethereum (ETH) ecosystem, researchers propose redesigning the network’s consensus layer, aiming to enhance scalability, decentralization, and security. During a presentation at DevCon in Bangkok on Tuesday, Justin Drake, an Ethereum Foundation researcher, introduced the concept of “Beam Chain,” a new consensus layer intended to replace the existing Beacon Chain. The Beam Chain Proposal Drake explained that the Beacon Chain, which has been operational for five years, has become somewhat outdated. “In those five years, so much has happened,” he remarked, highlighting the rapid advancements in blockchain technology and research. The redesign will reportedly focus exclusively on the consensus layer, leaving the Ethereum Virtual Machine (EVM) and the binary large object (blob) data layer untouched. In addition, the Beam Chain aims to revamp several critical aspects of Ethereum’s staking mechanism, block production system, and cryptographic architecture. One of the central proposals is to reduce the validator bond from 32 ETH to just 1 ETH, a move intended to foster greater decentralization within the network. Drake noted that the current issuance model for Proof of Stake (PoS) is perceived as flawed, presenting an opportunity for improvement that could benefit Ethereum’s long-term health. To enhance censorship resistance, the proposal includes mechanisms for attestor-proposer separation, which would further secure the block production process. Additionally, the Beam Chain is designed to improve throughput by accelerating block time slots, ultimately leading to faster transaction confirmations. Plans To Transform Ethereum Future A hallmark of the Beam Chain initiative is its incorporation of zero-knowledge (ZK) consensus, which leverages Succinct Non-interactive Argument of Knowledge (SNARK) proofs. These cryptographic tools will serve dual purposes: enabling consensus clients to compile high-level languages into bytecode and creating a “hash-based post-quantum infinitely-aggregatable scheme” that can condense thousands of hashes into a single proof. Recent advancements suggest that users can prove over 2 million hashes per second, indicating that the “SNARKification” of the consensus layer is feasible even on consumer-grade hardware. Drake outlined that if the community supports the proposal, the next steps would involve specification in 2025, development in 2026, and testing in 2027. The researcher described this strategy as “ossification accelerationism,” aiming to achieve stability and maturity for Ethereum sooner rather than later. “We want Ethereum to go into ‘maintenance mode’ as soon as possible,” he stated. The proposal has generated considerable interest within the Ethereum community, with Drake emphasizing the importance of community participation in shaping the future of the consensus layer. He referred to the Beam Chain as his “most ambitious initiative to date,” highlighting the need for collaboration to realize this vision. In an exclusive interview with NewsBTC, Professor Christian Cachin from the University of Bern commended the Beam Chain proposal for its potential to solidify Ethereum’s consensus roadmap. Cachin noted that while the planned upgrades involve sophisticated and non-backwards-compatible technologies, they are crucial for advancing Ethereum’s scalability and overall capabilities: At the time of writing, ETH was trading at $3,227, up 22% for the week. Featured image from DALL-E, chart from TradingView.com

Recently, there have been significant fluctuations in the prices of Bitcoin; presently, they oscillate between $87,000-$87,500. This may not be eye candy to investors who are currently on the sidelines waiting for the coin to hit $90k, particularly the release of CPI data set today, November 13. This news is perceived by analysts to have a considerable influence on market sentiment and the expected direction of the alpha crypto asset. The Barometer For Inflation Reflecting changes in the prices consumers pay for goods and services, the CPI report is a main indication of inflation. Expectations about the CPI can cause more volatility in the bitcoin markets as inflation rates affect the Federal Reserve’s choices on monetary policy. Recent trends imply that should inflation remain lowered, the Federal Reserve might cut interest rates—historically this has had a positive effect on Bitcoin prices. Reduced borrowing rates sometimes inspire investment in risky assets such as cryptocurrencies, hence increasing demand for Bitcoin. Growing Investor Trust Famous crypto expert Michaël van de Poppe, the founder of MNConsultancy, said that the current state of affairs in the crypto market corresponds well to the positive assessment of Bitcoin. In case CPI statistics would indicate more cases of inflation drops, he says that this would lead to growing investor trust and higher capital inflows into Bitcoin and other cryptocurrencies. Will Bitcoin Retrace? He also cautions, though, that unanticipated inflation rises could surprise markets and cause pricing adjustments all around. He anticipates a 10% Bitcoin retracement prior to the release of CPI data, targeting a range of $75,660 to $81,193. Market Reactions And Predictions As traders get ready for the CPI figures, the general market mood remains mixed. Some experts think that positive CPI numbers could lead to a rise in Bitcoin prices, but others say that people shouldn’t get too excited. Meanwhile, many investors are still optimistic about the long-run prospects of Bitcoin. The incoming administration of newly-elected US President Donald Trump adds another layer of complexity to market dynamics. According to Van de Poppe, short-term regulatory actions will benefit Bitcoin, but their long-run consequences might be something more complex if control for inflation is not handled well. Meanwhile, as Bitcoin continues in its path for a major price discovery, the focus will be on the CPI data and the impact they have on digital assets. Such an unpredictable environment should be approached with caution by investors while they remain focused on economic events that could swing their investments. At the time of writing, Bitcoin was trading at $87,509, up 2.1% and 17.2% in the daily and weekly timeframes, data from Coingecko shows. Featured image from The VR Soldier, chart from TradingView

The U.S. DOJ seeks to seize $16M in crypto from a Binance account. More than half of the tokens in the account were Solana. The U.S. Department of Justice (DOJ) has registered a civil forfeit lawsuit to recover $16 million worth of crypto assets, assumed to be linked to the controversial crypto exchange, FTX and its founder Sam Bankman-Fried. Among the crypto assets, more than half of the assets were held in Solana (SOL), amounting to around $8.5 million. The other cryptocurrencies include Internet Computer (ICP), Avalanche (AVAX), Ripple (XRP), and Cardano (ADA). Notably, the DOJ claims that suspicious transactions were found within the Binance account, including near-daily stablecoin and Bitcoin deposits, which were converted into other assets employing over-the-counter (OTC) transactions. While Binance is not directly accused, the DOJ’s investigation mentions the exchange’s role in facilitating transactions linked to illicit activities. The funds held in the Binance account have increased in value due to the recovery of the crypto market. The Alleged Scheme These assets are believed to derive from a transfer orchestrated by Bankman-Fried in late 2021. As per the lawsuit, Bankman-Fried authorized the transfer of 40 million USDT from the Alameda Research wallet, intending to offer bribes to Chinese officials. The move was reportedly part of the effort to unfreeze $1 billion worth of cryptocurrency assets frozen on two Chinese exchanges. Besides, the funds were traced through several private wallets. It eventually ended up in a Binance deposit account, whose activity spanned from December 2021 to December 2023. The Legal Battle Despite the conviction of Bankman-Fried’s seven criminal charges, which include fraud and money laundering, the DOJ investigation into assets linked to FTX remains ongoing. Moreover, Bankman-Fried currently serving a 25-year sentence, has filed an appeal against his conviction. It claims that he was presumed guilty before he was even charged. The case adds more complexity to the ongoing asset recovery efforts for FTX creditors. As the FTX bankruptcy proceedings open, the firm has filed a lawsuit against Binance and its CEO, Changpeng Zhao to recover $1.8 billion in transferred assets. Highlighted Crypto News Will BONK Break Key Resistances to Fuel Further Gains?

Investors are once again weighing possible high-return tokens as the next crypto bull run looms. Popular picks Solana (SOL) and Ripple (XRP) could not provide the rapid profits ambitious investors are looking for. Rather, Rexas Finance (RXS) is fast becoming a possible game-changer alternative coin. with a fast-advancing presale and outstanding fundraising successes. Let’s explore the reasons SOL and XRP aren’t high-return bull run picks, but Rexas Finance has drawn major interest and should yield life-changing rewards in the next three months. Limited Growth Potential of Solana and Ripple Although Solana and Ripple have outstanding histories, some restrictions could limit their ability for exponential development. A negative attitude towards XRP resulting from Ripple’s continuous legal conflicts with the SEC limits its future development capacity. Although Ripple has made headway—securing finance industry alliances, among other things—regulatory uncertainty still limits its advancement. This element can reduce XRP’s performance during the forthcoming bull run, hence making it less tempting to investors looking for large returns in the next three months. Solana is known for its creative developments and high-performance blockchain, but it has had technical problems, such as network outages. These outages make people worry about how reliable the network is, especially as the number of users increases. Also, SOL is already worth a lot of money, so making huge percentage gains might be hard, which makes it less appealing as a high-growth investment. New projects, on the other hand, like Rexas Finance, are still in their early stages but could yield big profits as they grow. Maturity Reduces the Potential Upside Both Solana and Ripple have substantial market values as established cryptocurrencies, which makes attaining exponential development more difficult. Widely used and reasonably priced, Solana and Ripple help to lower the possibility of abrupt price swings. These tokens have already seen a significant increase and would require extraordinary innovations to yield profits on par with those of newly proposed enterprises. They might thus not provide the high reward potential investors are looking for in a bull run with fast speed. Rexas Finance, on the other hand, offers a special possibility for investors ready to risk on a bright new initiative. RXS is positioned to offer significant returns in a short period, with a presale price still below $0.10. Rexas Finance (RXS): A High-Growth Contender Rexas Finance has quickly turned into a fascinating investment possibility. RXS is in its fifth presale stage now and has already reached important benchmarks, rising to $0.07. With about $5.8 million raised and almost 115.9 million tokens sold, the presale is gathering steam and drawing institutional as well as retail investors. Such remarkable early successes show the faith Rexas Finance has in its capacity to provide exceptional returns. Two main sites that improve Rexas Finance’s exposure among the crypto community are CoinMarketCap and CoinGecko, from which it has also obtained listings. These entries give Rexas Finance more credibility and indicate that it passed the first screening on these respectable websites. As Rexas Finance enters its following presale phases and final launch, the listing gives it more visibility and can draw a bigger pool of investors. Growing in repute, RXS is likely to be among the most discussed altcoins in the forthcoming bull market. Rexas Finance’s development path reminds me of early-stage investments yielding large profits. Rexas Finance allows early adopters to profit on its inexpensive entrance point since its presale price is still less than $0.10. Once it formally starts and gets more visible, there is more chance of a notable price rise. According to analysts, the currency might yield returns much higher than more established cryptocurrencies if Rexas Finance keeps acting as it has in the next three months. Conclusion Both Solana and Ripple have strong reputations, but the fact that they are mature and have limits may stop their growth during the next bull run. Rexas Finance stands out as a strong option for buyers who want to make huge returns in a short amount of time. Rexas Finance has set itself up as a high-potential investment ready to take advantage of the coming bull market with a strong presale performance and smart ads. Early investors in Rexas Finance will benefit from its ambitious plan and low entry price as the company continues to grow. If you’re ready to take advantage of the chance, Rexas Finance could give you returns that are very rare in the crypto market right now. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Revolut X expands crypto trading to 30 European markets for advanced users. The platform offers over 200 cryptocurrencies, real-time analytics, and TradingView. London-based fintech firm Revolut announced Wednesday that it is expanding its cryptocurrency platform, Revolut X, to serve users across 30 new markets in Europe. Targeted at experienced traders, the platform is set to provide access to a wide selection of digital assets, along with tools for real-time analysis and market tracking. Revolut X, a standalone exchange launched in the UK earlier this year, allows users in the European Economic Area (EEA) and the UK to trade over 200 cryptocurrencies. According to Revolut, the platform’s capabilities are aimed at advanced users, integrating data. And charting tools from TradingView to support detailed market analysis. Leonid Bashlykov, Head of Product at Revolut’s crypto exchange, commented that the platform aims to provide “a strong alternative to some of the more established platforms.” Moreover, Revolut has taken steps to prioritize security measures on Revolut X. It is noted that a majority of the funds will be stored in cold wallets. They are considered to be more secure against online threats. Additionally, risk monitoring tools are in place to alert the platform to potential breaches. Revolut To Attract More Users? Revolut first entered the crypto market in 2017, initially offering crypto trading through its app as part of its broader fintech services. Since then, the firm has expanded its offerings, reaching a reported 45 million users globally. In recent months, Revolut has signaled further interest in the digital asset sector. Also, reports in September indicated that it is developing its stablecoin. It is a digital asset pegged to a stable reserve. This move may reflect the company’s intent to expand its crypto infrastructure. It is amid a growing interest in digital assets across Europe. With Revolut X’s new expansion, it is positioning itself to attract a more advanced user base, but it also faces competition from larger, established platforms like Coinbase and Binance. As the regulatory landscape for cryptocurrencies continues to evolve, it’s ongoing efforts to expand its digital asset services. It will likely attract scrutiny from both regulators and users. Highlighted News Of The Day Dogecoin Dips After 50% Surge as Bulls Defend Key Support

Dogecoin trades at $0.3842 with 24-hour volume up 35.34% to $36.67B. A bullish flag pattern suggests a 45% upside if $0.35 support. The global crypto market has seen a 3.27% decrease, bringing the total market cap to $2.9 trillion, while the 24-hour trading volume is down by 3.69% to $307.23 billion. Dogecoin (DOGE) is currently trading at $0.3842, with its 24-hour trading volume showing a significant surge of 35.34% to reach $36.67 billion. Although DOGE saw a slight daily dip of 6.55%, its market cap remains robust at $56.39 billion, securing its place as the sixth-largest cryptocurrency. In the past 24 hours, Dogecoin jumped 51.94% to reach an intraday high of $0.4198, marking its highest level in over three years. This rally has pushed Dogecoin’s year-to-date gains above 140%. Driven by major market-moving events, including Donald Trump’s election victory and an unexpected rate cut by the Federal Reserve. These factors have heightened investor interest in DOGE, propelling it past XRP and USDC in market capitalization rankings. Within just a week, Dogecoin added $36.92 billion to its market cap, underscoring the strong sentiment among investors. A notable 47 million DOGE was transferred from an unknown wallet to the popular trading platform, Robinhood. Similarly, another large transaction of 60 million DOGE was transferred from an unknown wallet to Robinhood as well. This could indicate growing institutional or whale interest in DOGE, possibly anticipating further price movements. On top of these large transfers, a dormant address containing 754,472 DOGE (worth $292,448) was recently activated after 10.8 years of inactivity, adding further attention to DOGE’s ongoing developments. DOGE in Current Market Dogecoin’s technical analysis reveals a bullish flag pattern on shorter time frames, hinting at the potential for further gains if the asset can hold above the $0.35 support level. This pattern suggests an upside potential of around 45%, with a target at the $0.56 resistance level. The Relative Strength Index (RSI) sits at 80.32, which places DOGE in an overbought condition. While this could signal a short-term correction, the strong trading volume suggests that the uptrend may continue. If Dogecoin breaks through the $0.56 resistance, the market could see an even larger rally as new investors join in. Conversely, a dip below the $0.35 support might invite some selling pressure, potentially leading to a brief pullback. However, the prevailing bull flag formation, coupled with rising trading volume, paints a promising outlook for DOGE in the near term. Highlighted Crypto News Today Memecoin Peanut the Squirrel (PNUT) Inches Closer to $1 After 90% Surge

Over the past few weeks, Dogecoin (DOGE) has exhibited a massive surge, significantly outperforming Bitcoin (BTC) and other major altcoins. The memecoin has soared by 170% in the last two weeks, an astounding 250% over the past five weeks, and 95% in just the last five days. This meteoric rise has positioned Dogecoin as one of the top-performing digital assets in the current market landscape. Why Is Dogecoin Outperforming Bitcoin? Michael P. Regan, the global team leader for cryptocurrencies at Bloomberg and a former senior markets editor, shed light on this phenomenon during an interview with Bloomberg Crypto. Addressing skepticism from traditional investors regarding Dogecoin’s fundamentals, Regan acknowledged the coin’s unexpected resilience. “Dogecoin, I think, has surprised everybody with its staying power,” Regan stated. “When you talk about the fundamental values, that gets kind of, you know, sort of a philosophical discussion when it comes to crypto. But one thing about Dogecoin that’s really interesting is it is actually very cheap to transact with, much cheaper than Bitcoin.” Regan highlighted practical use cases that contribute to Dogecoin’s value proposition. “We’ve had stories—you do actually find people using it for remittances, you know, people sending money back home to Venezuela to their parents. It’s a lot cheaper to do that with Dogecoin than most other cryptocurrencies,” he explained. Additionally, he mentioned the growing acceptance of Dogecoin in everyday transactions: “There’s even people developing payments apps. You know, there’s a pizza place, Williamsburg Pizza in New York, that accepts Dogecoin.” Despite its origin as a joke, Regan believes there’s more to Dogecoin than meets the eye. “It started as a joke. You know, it still makes me laugh to think about it, but there is something there that’s a little bit sort of more serious than most people realize, I think,” he concluded. The Elon Musk Effect When asked about the influence of Elon Musk on Dogecoin’s recent rally, Regan didn’t mince words. “This rally we’ve seen, I think, is almost, you know, completely tied to Elon Musk,” he asserted. Musk, a well-known advocate for Dogecoin, has a history of impacting its price through his public statements and social media activity. “Elon Musk has been a huge champion of Dogecoin lately. I think, you know, just for the memes—the guy likes funny memes on the Internet. Dogecoin is sort of the, you know, meme coin of choice on X and Twitter before that,” Regan remarked. He emphasized the speculative nature of the memecoin and Musk’s significant role within it. “It’s hard to know exactly, you know, if that’s as far as Musk’s appreciation for it goes. But regardless, you know, crypto is all about speculation. He likes it,” Regan said. Highlighting the impact of Musk’s involvement, Regan concluded, “It’s up almost 200% since the election,” referring to the hype which the establishment of the Department of Government Efficiency (DOGE) created. At press time, DOGE traded at $0.38698.

Over the past nine days, XRP has experienced a significant rally, climbing from $0.4957 on November 4 to a peak of $0.7407 today on Binance—a surge of over 50% at one point. Approximately 30% of this ascent occurred within the last 48 hours. However, following this rapid rise, XRP saw a sharp correction, retreating by -12% to $0.65 as of press time. These are the key reasons for the rally: #1 XRP Funding Rates and Social Dominance Spike One of the primary drivers behind the XRP price surge appears to be heightened social media activity and shifts in funding rates. On-chain analytics firm Santiment noted via X that the XRP community “has erupted with excitement and discussions related to crypto’s #7 market cap,” with over 4% of all coin discussions currently related to XRP following its 45% breakout over an eight-day span. The firm emphasized that surpassing $0.74, XRP’s year-high back in March, will largely depend on “FOMO staying at bay, and funding rates on large exchanges like Binance not getting too weighed down by longs.” Santiment’s analysis highlighted that the ratio of Binance XRP long versus short positions has reached its highest point since March 31, indicating strong bullish sentiment among traders. They also observed that previous spikes in social dominance, such as those at the beginning of August, served as perfect top signals, suggesting that the current surge in social discussions could precede a market correction. Conversely, Santiment also pointed out that the previous social spike marked a bottom signal. #2 Gensler Resignation This Week? Speculation about potential regulatory changes is also influencing XRP’s market dynamics under the Trump administration. Pro-crypto lawyer James “MetaLawMan” Murphy shared an intriguing timeline via X, drawing parallels between US presidential elections and the resignations of SEC chairs. He noted that after the 2016 and 2020 elections, SEC chairs Mary Jo White and Jay Clayton announced their resignations shortly after the results. Murphy suggested that with the 2024 election, there could be expectations for current SEC Chair Gary Gensler to resign, posting, “Hey Gary Gensler, we’re waiting.” This speculation is particularly significant for the XRP community because of the ongoing legal battle between Ripple and the SEC. President-elect Donald Trump has explicitly stated his intention to remove Gensler from his position on his first day in office, citing the need for a more crypto-friendly SEC chairman—a statement he made at the Bitcoin 2024 conference. Ripple CEO Brad Garlinghouse has shown strong support for this potential change, urging Trump to appoint replacements more favorable to the crypto industry, such as Chris Giancarlo, Brian Brooks, or Dan Gallagher. Garlinghouse highlighted the need for regulatory clarity, especially concerning digital assets like Ethereum and XRP. The speculation among some Ripple supporters is that Gensler’s removal could lead to a more favorable outcome for Ripple, potentially through the SEC dropping its appeal in the case. The market seems to be reacting to this speculation, with investors possibly trying to front-run the news in anticipation of a settlement or regulatory shift. At press time, XRP traded at $0.65.

Dogecoin has rocketed up with a rally of over 150% during the past week as on-chain data shows the return of sharks and whales on the network. Dogecoin Sharks & Whales Have Seen Their Count Grow Recently According to data from the on-chain analytics firm Santiment, the sharks and whales have shown a reversal in their count recently. The indicator of relevance here is the “Supply Distribution,” which tells us, among other things, how many addresses belong to a particular Dogecoin wallet group. Addresses are divided into these cohorts based on the number of tokens they carry in their current balance. For instance, the 1 to 10 coins group includes all wallets holding between 1 and 10 DOGE. The Supply Distribution for this specific cohort would tell us about the total number of network addresses that satisfy this condition. In the context of the current discussion, two address ranges are of interest: 0 to 100,000 coins and 100,000+ coins. The former comprises the small investor groups of the sector, like retail, while the latter includes the large entities like sharks and whales. Generally, the influence of any address on the network increases the more they carry, so the sharks and whales, with their large holdings, can be considered key cohorts of the memecoin. Naturally, the whales are the more important of the two, as they have more massive bags. Now, here is the chart shared by the analytics firm that shows the recent trend in the Dogecoin Supply Distribution over the last few months: As displayed in the above graph, the Dogecoin Supply Distribution has been going up for the 0 to 100,000 coins group for a while now, suggesting more investors of this size have been popping up on the blockchain. More particularly, 74,885 new addresses have appeared inside this range over the last four weeks. During this same window, the 100,000+ tokens cohort has seen a downtrend in the indicator, which suggests some big-money investors have been clearing out their holdings. That said, while 350 Dogecoin sharks and whales have left the network over the past month, things appear to be turning around for the better on smaller timeframes. Around 108 wallets of this size have cropped up on the network in the last couple of days, which would explain where the fuel for the memecoin’s impressive rally has come from. At present, both retail and large holders are witnessing a rise on the network, but it only remains to be seen whether this momentum lasts. Naturally, the uptrend in the Supply Distribution of the sharks and whales is of more significance, given their placement in the market. DOGE Price At the time of writing, Dogecoin is trading around $0.383, up over 21% over the last 24 hours.

Solana’s capability to head the DeFi sector has come under scrutiny. The platform has been promoting itself as capable of global-scale transactions on a single chain, but now it’s looking at Layer 2 solutions to improve scalability. Its recent shift from a single-chain model to network extensions has raised concerns about Solana’s ability to serve as a global financial backbone. Meanwhile, FXGuys ($FXG) has become one of the high-potential altcoins on investors’ watchlists. Investment interest in FXGuys continues to grow stronger, showing its potential to outperform in Q4. Thanks to its innovative DeFi offerings, FXGuys is getting massive support, making it the best crypto to buy now. >>>BUY $FXG TOKENS HERE<<< Solana’s (SOL) Reach For DeFi Dominance Might Not Happen Solana’s scaling approach has shifted, with the platform moving from a monolithic single-chain model to Layer 2 solutions known as network extensions. They’ve discovered that they can’t process global transactions independently and adopted Ethereum’s successful L2 strategy. Unfortunately, centralization and scalability issues are still big issues for Solana. Some of Solana’s barriers are technical bottlenecks, such as its dependence on a single client and the delayed release of Firedancer, its second client. These issues have affected its capacity to carry out decentralized operations and increased its need for high bandwidth. Frequent outages and lack of protocol-level final backup have created centralization risks and limited accessibility. Concerns over Solana’s insider-heavy token distribution also complicate its goal of decentralization, as roughly 98% of initial allocations were insider-held. With large firms like Coinbase and Visa backing Ethereum’s L2 solutions, the shift toward Ethereum’s ecosystem suggests Solana’s market share could diminish. Although it’s still one of the trending altcoins, Solana’s potential for DeFi dominance faces growing doubt among investors. >>>BUY $FXG TOKENS HERE<<< FXGuys ($FXG) Offerings Shows Strong Appeal As The Best Crypto To Buy Now FXGuys is a prop firm with a DeFi-focused approach that combines prop trading benefits with a unique Trade2Earn. By holding $FXG tokens, traders gain access to a prop account with up to $500,000 in capital, allowing them to participate in crypto and forex markets. Each trade rewards users with additional $FXG tokens, providing a recurring income stream for active traders. The platform also offers staking rewards, with 20% of the trading revenue allocated to $FXG token holders who stake their assets. This model aligns well with the goals of passive investors seeking steady returns, making FXGuys the best crypto to buy in the DeFi market. FX Guys’ innovative offering of no KYC requirements and quick payouts in crypto has earned it the support of investors worldwide. The FXGuys presale is currently in the first stage, selling $FXG tokens at just $0.03. This low entry price has attracted lots of attention, with investors expecting gains as $FXG targets a listing price of $0.1. As one of the top trending altcoins, FXGuys is positioned to become a top DeFi platform, offering life-changing returns for those investing early. >>>BUY $FXG TOKENS HERE<<< Conclusion Although Solana’s shift to Layer 2 solutions has raised questions about its capability, SOL is bullish. Meanwhile, the FX Guys continue winning investor interest with their innovative DeFi features. With its presale success and strong investor support, FXGuys stands out as one of the high-potential altcoins for those looking to profit from DeFi growth in Q4. To find out more about FXGuys follow the links below: Website | Whitepaper | Socials | Audit Exclusive FXGuys Promo Code: USE PROP10 FOR 10% BONUS 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.

Italy announced that it would reduce the percentage of crypto tax from 42%. Several countries have begun reexamining their crypto stance amid the historic market bull run. The USA has been shifting major blocks within the crypto regulatory landscape over the last few days alone. Particularly, President-elect Donald Trump in the last 24 hours, announced the initiation of the Department of Government Efficiency (DOGE) appointing Elon Musk and Vivek Ramaswamy in leading positions. On the other hand, these positive movements are taking effect on the European end. Italy’s government recently stated that it is considering reducing crypto taxes. Bloomberg reported that sources have confirmed the Italian Prime Minister Meloni’s recent discussions on cutting the tax. This news comes in between several countries hitting new milestones with their Bitcoin reserves. Moreover, Meloni’s government, as per reports, might cut the tax rate down to 28% from 42% on crypto earnings. The country has shown hostility to cryptocurrency in the past few months. Recently, on October 31st, the country’s finance minister expressed concerns about digital assets holding ‘high levels of risk’ and reaffirmed the 42% tax. However, the current change of attitude was initiated by the League, a coalition of Meloni who filed an amendment to limit the tax increase. Meanwhile, another Italian party has advocated for the complete removal of tax increases and even suggested tax exemptions until particular profit margins. Is Italy a Stand Alone in Nations’ Attitude Change to Crypto? The past week particularly, the last few days has been crucial for the cryptocurrency sector. Bitcoin’s change in value has seen several nations such as Bhutan and El Salvador hike in their Bitcoin reserves. Moreover, Tesla’s BTC holdings also hit new milestones. This has caused other anti-crypto nations to reexamine their skepticism towards digital assets. Additionally, market experts have stated that several other countries can be expected to initiate Bitcoin reserves and store capital in digital asset forms. Italy, in the past, had shown stringent attitudes towards crypto regulations. Recently, in July, the Bank of Italy announced the launch of MiCA crypto regulations. These regulations were aimed at ‘protecting the holders’ as per reports. Highlighted Crypto News Today: Memecoin Peanut the Squirrel (PNUT) Inches Closer to $1 After 90% Surge

Peanut the Squirrel (PNUT) soared 1505.29% since its debut in early November. The memecoin’s market cap surpassed the $900 million mark. Solana-based memecoin Peanut the Squirrel (PNUT) surged over 97.3% over the past 24 hours to mark its new all-time high (ATH). Notably, Elon Musk’s recent tweet on X, mentioning a ‘squirrel and meme coin’ as the saviors of America, emerged as the stimulus behind the price rally. Certain activities of Tesla’s CEO on social media have fueled the rallies of several memecoins. Dogecoin (DOGE) is the biggest beneficiary, as Musk has both directly and indirectly endorsed the coin. Recently, PNUT has emerged as another memecoin in this category alongside DOGE. This memecoin gained attention during the pre-election phase, recording impressive price rallies. Recently, crypto exchange Binance announced the listing of PNUT alongside another AI-related memecoin, ACT (Act I: The AI Prophecy), sparking a rally in both coins and turning heads in the crypto community. So, how did PNUT rise to fame, and what is its connection to Elon Musk? Here’s a brief story. In early November, PNUT originated in the crypto meme space to honor ‘Peanut,’ the squirrel euthanized by New York’s Department of Environmental Conservation (DEC). Musk supported the animal’s justice on X, thereby spurring the story’s visibility on the internet. Since its debut, PNUT price surged over 1627%, claiming a market share of $931 million. At press time, the memecoin traded at $0.9337. Peanut the Squirrel (PNUT) Price Trend Analysis 30 months ago, the crash of Terraform Labs’ altcoin Terra Classic (LUNC), previously LUNA, from a high of $119 to $0, triggered the 2022 crypto bear market. Amid the ongoing crypto bull run, Solana memecoin PNUT jumped 147% from $0.3854 to $0.9890 in the last 30 hours. The hourly price chart shows the bullish trend of PNUT’s current price action. Meanwhile, investor sentiment around the memecoin appears bullish, as two metrics — On-Balance Volume (OBV) and Chaikin Money Flow (CMF) — indicate this. The rise in OBV highlights increasing buying pressure, while the increase in CMF points to more capital flowing into PNUT. According to CoinMarketCap data, the daily trading volume of Peanut the Squirrel (PNUT) spiked 39.5% to reach $1.78 billion. Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment or financial advice. TheNewsCrypto team encourages all readers to do their own research before investing. Highlighted Crypto News Today Trump Appoints Elon Musk and Vivek Ramaswamy to Lead DOGE