In October, the Solana blockchain registered 123 million active addresses. It has grown 42% since September and has risen dramatically from 12.7 million addresses at the start of the year. Latest data shows Solana’s steady rise in the crypto sector. The latest growth is due, in part, to memecoins, which have increased trade and user interest. The memecoin craze isn’t the only factor in Solana’s rapid growth. With a total value locked (TVL) of $5.7 billion, the decentralized finance (DeFi) ecosystem made major strides in the third quarter of 2024. With a 26% quarterly increase, Solana became the third-largest DeFi network surpassing Tron. Much of this growth comes from innovative platforms like Kamino. Memecoins Drive Unprecedented Trading Volumes Key to the recent surge in trade on Solana is platforms including Pump.fun, a memecoin generator, and Raydium, a decentralized exchange (DEX). Pump.fun brought in $30.5 million in October; Raydium recorded around $30 billion in trading activity. Particularly those looking for low-cost, high-frequency trades—an area where Solana’s infrastructure shines against more expensive networks like Ethereum—the activity generated by this memecoin has drawn more users to the network. Still, several business leaders are wary. Though memecoins have attracted a lot of attention in Solana, Eden Au, research director at The Block, pointed out that their long-term consequences are yet unknown. Au posits that changing market dynamics and shifting user preferences may impede current progress if fresh utility and attractiveness do not arise beyond memecoins. Solana DeFi Ecosystem Flourishes In addition to the memecoin excitement, Solana’s DeFi network has experienced significant growth. Solana’s DeFi industry, with a substantial $5.7 billion in total value locked (TVL), experienced a 26% growth in Q3, reflecting significant expansion propelled by platforms such as Kamino. Renowned for its loan and trading innovations, Kamino implemented new services that captivated consumers and enhanced Solana’s position in the DeFi ecosystem. Integrations like PayPal’s PYUSD have strengthened Solana’s stablecoin ecosystem, making its programmable transfer features more appealing. SOL Price Target & Resistance Level Over the course of the past month, the value of Solana’s native token, SOL, has increased by around 12%. It is currently selling at $162, figures from Coingecko show. Market observers are currently looking at a resistance level of $185. It is possible that the token’s price will increase even further if it is able to break through this barrier; the expected price targets range from $220 to $240. If SOL is able to maintain its consistency and make the most of its current developments, then the next several weeks will be the determining factor. Featured image from MoneyCheck, chart from TradingView

Bitcoin recent price movements amid the US presidential election 2024 have led to its price currently standing at around $69,092, following a drop below the $70,000 level last week. This relatively low volatility has marked a calm period for Bitcoin, allowing it to stabilize in the $68,000 to $69,000 range over the past few days. The steady price trend has prompted analysts to forecast possible upward movement, pointing to various technical patterns and indicators suggesting a potential rally. 30% Bitcoin Rally In Play Among the analysts forecasting bullish momentum for Bitcoin, a renowned crypto analyst known as Captain Faibik recently shared insights on X regarding a technical pattern called a “Descending Broadening Wedge.” Faibik highlighted that Bitcoin has completed a breakout from this pattern on a weekly chart and is now in a “retest” phase. A Descending Broadening Wedge is typically considered a bullish reversal pattern in technical analysis. The pattern forms as price action creates lower highs and lower lows within diverging trendlines, implying that the downward momentum may weaken. If the price breaks upward through the resistance, it can indicate that the asset will likely see a price surge. Faibik expects a successful retest of the recent breakout of this pattern from BTC and has set a midterm target of $88,000, forecasting a potential 30% increase in Bitcoin’s value by the end of the year. Bullish Divergence And Long-Term Holder Behaviour Alongside Faibik’s observations, another well-known analyst, Javon Marks, pointed to signs of bullish divergence on Bitcoin’s chart. In technical analysis, bullish divergence occurs when an asset’s price makes lower lows while a technical indicator, such as the Relative Strength Index (RSI), creates higher lows. This divergence can suggest a potential reversal as buying momentum begins to build. According to Marks, this divergence indicates that Bitcoin’s bulls may be preparing for a move, which could translate to regained dominance in the market. Marks’ view supports the possibility of an upward trend in the medium term, even if the short-term market conditions seem uncertain. Meanwhile, IntoTheBlock, a prominent blockchain analytics firm, recently reported interesting trends in Bitcoin’s holder’s balance metrics. According to their data, while long-term Bitcoin holders are currently selling, the scale of these sell-offs appears moderate compared to previous bull cycles. In prior cycles, long-term holders often sold more aggressively, signaling a peak in market sentiment. This time, however, the selling trend among long-term holders has been more restrained, which may reflect a cautious approach amid Bitcoin’s current market conditions. IntoTheBlock speculates that this cautious behavior could signal a shift in the cycle dynamics, potentially pointing to a new market phase for Bitcoin. Featured image created with DALL-E, Chart from TradingView

As one of the fastest-moving altcoins of 2024, the interest in trading DTX Exchange is very high among traders and investors worldwide. The hybrid trading platform of is unique since it provides all the totality of trading opportunities in one place, a pioneering layer 1 blockchain technology that challenges conventional approaches to trading. DTX’s success has signaled a surge of more than $6.35 million raised in its fourth presale round, becoming a leading investment instrument for high return. With over 120,000 digital assets, it supports the digital asset classes of cryptocurrency, stocks, forex, and commodities. Distinct from industry giants like Cardano, DTX has its platform’s standout features, such as being a record breaker when it comes to its testnet 10,000 transactions per second (TPS), putting it in a league of its own. DTV offers investors a time-sensitive entry point into the altcoin market with a final presale allocation before a 50% price increase. Phoenix Wallet and Trading Platform Innovations Enhance User Security and Autonomy This recent launch of the Phoenix Wallet, a noncustodial wallet for DTX users, shows the platform’s dedication to user control and security. Through this type of wallet, which requires no KYC verification, users will have full access to their trading funds without the chaos often experienced due to use in custodial wallets. This addition of this wallet will suit DTX’s goal to let traders own all of its assets, making it more attractive for privacy-minded investors. DTX’s hybrid platform smartly provides advanced trading tools to novice and seasoned traders. Users can run automated trading, quantitative analysis, and algorithmic trading and also get 1000x leverage options in very volatile markets. DTX has benefited greatly from the platform’s scalability and technological infrastructure, attracting more traders. This has also added confidence in the investor community regarding DTX’s position as a top altcoin of 2024. Revenue-sharing programs and Strategic Growth Fuel Investor Confidence DTX Exchange also provides direct trading advantages and some revenue-sharing incentives, such as a 3% VIP rebate to liquidity contributors. Decentralized exchanges present these slippage issues, and these programs solve them, making the platform ideal for high-volume traders. These tools have boosted community participation so much that DTX has positioned itself as a major player in the decentralized finance (DeFi) space. According to the ongoing presale, which experienced 58% of token sales, investors are increasingly looking for early positions before the next price increase in the next round. The 50% token price hike to a projected $0.10 per token in the upcoming presale stage underscores the fact that DTX is becoming a more expensive coin. This is a prime time to invest because experts predict opening near so many returns as the platform gets ready to list big centralized and decentralized exchanges. With DTX getting ready for the mainnet launch, its strategic reinvestment in technology and infrastructure will make it more solid in the future. As the presence of DTX in the altcoin space increases, industry leaders are beginning to view DTX as a long-term competitor due to DTX’s deflationary tokenomics and community-based initiatives. With the platform’s continued growth, DTX could be the ICO to set new standards for the industry and emerge as a frontrunner in the altcoin 2024 market. 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 article 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 article.

Jarritos, the iconic Mexican soda brand, has joined forces with Reddit and Web3 platforms GR1D Network and Ceden Network to launch an innovative, immersive scavenger hunt dedicated to the Day of the Dead (El Día de los Muertos) celebration. Since last Friday, November 1, participants have been able to journey through digital spaces, solving challenges, collecting NFTs and competing for exclusive rewards like Nike SB Dunks, Bones NFTs, and Taco Tuesday gift cards. The event, designed to blend tradition with tech, offers a fresh twist on a cultural celebration that bridges the past and the future. A Unique Web3 Experience The scavenger hunt’s central feature is its unique integration of Web3 elements with Day of the Dead festivities. By incorporating digital collectibles, custom game levels and NFT-based rewards, Jarritos and its partners are pioneering a new way for fans to engage with the holiday. With each challenge, participants unlock prizes as well as mystery boxes that add an element of surprise. Jarritos has hinted that these mystery boxes could contain exclusive items from its ongoing collaborations, making the hunt both challenging and highly rewarding. To further enhance the experience, GR1D Network has launched new, custom-themed levels of its latest game, GR1DRUNNERS, created in collaboration with Ceden Network. GR1DRUNNERS is central to the scavenger hunt, providing a gameplay experience that reflects the spirit of the Day of the Dead. GR1D Network’s recent success in Web3 gaming makes it an ideal platform for this event, as the company seeks to merge culture, technology, and community engagement in unprecedented ways. This collaboration with Jarritos and Reddit solidifies GR1D’s commitment to creating immersive Web3 ecosystems that appeal to both new users and seasoned Web3 enthusiasts alike. Unlocking Digital Rewards and Cultural Connections Reddit plays a pivotal role in expanding the scavenger hunt’s reach by offering Collectible Avatars, which millions of users can customize to join in the experience. The use of Reddit’s Collectible Avatars helps introduce Web3 gaming to Reddit’s vast user base, turning the hunt into a mainstream event accessible to millions. By participating in the scavenger hunt, players can navigate Web3 environments to locate hidden treasures and unlock exclusive digital rewards, some of which feature Jarritos-themed surprises. Powered by NFTs minted on the GR1D platform, the rewards add value to each player’s collection, while also creating a cultural connection through digital representation. The interactive event goes beyond gaming by encouraging social engagement and community building. Over a thousand participants joined a special X Space, hosted by Forbes Web3, to celebrate the scavenger hunt kick-off, with representatives from Jarritos, Reddit, GR1D Network and Ceden Network co-hosting discussions. This virtual gathering connected fans, gamers, and Web3 enthusiasts from across the globe in a vibrant and inclusive digital space. By intertwining traditional celebrations with Web3 innovation, the Day of the Dead scavenger hunt by Jarritos, Reddit, GR1D Network and Ceden Network introduces a new frontier for cultural festivities, reaching audiences far beyond local borders. The hunt runs through November 30, providing fans a month-long adventure to connect and celebrate.

Less than a day before the polls closed in the United States, crypto analysts continued to offer their two cents on the future of Bitcoin and cryptocurrencies. For example, many Wall Street analysts say wild BTC market prices will continue after the elections. Other analysts and observers have shared their price predictions based on who will win this Tuesday. Gautam Chhugani of the Berstein Group projects that Bitcoin can increase to $80,000 or even $90,000 if the Republican Donald Trump wins the election. If Kamala Harris wins the polls, Chhugani expects the BTC price to dip to $50,000. But Bernstein didn’t stop making Bitcoin predictions immediately after the election; the group remains bullish on Bitcoin in the short term and expects the digital asset to hit $200,000 by 2025. According to Bernstein analysts, the other key factors driving Bitcoin’s price are the increasing demand for spot BTC ETFs and rising US debts. Bernstein’s Bullish Outlook For Bitcoin Next Year Analysts at Bernstein are betting on Bitcoin and expect its price to reach $200,000 by the end of next year, regardless of the election results. Gautam Chhugani made this bold prediction days before the Americans visited the polls and added that the results would not impact the long-term outlook for the asset. The analyst’s bullish project on Bitcoin is anchored on several factors. He even likened the asset to a “genie out of the bottle” and said stopping its price trajectory is difficult. Chhugani identified a few factors that can drive the asset’s price, including increased interest on the BTC ETFs and higher government’s national debt. Last month, Bernstein’s top analyst targeted $100k for Bitcoin but soon revised his projection to reflect changes in market trends. BTC’s Erratic Price Action Ahead Of Elections This year’s election battle between Trump and Harris is among the most highly debated and anticipated. In addition to traditional polling, data from betting markets like Polymarket became famous, too. For example, at Polymarket, Trump remains the favorite, cornering 63% of all wagers, with Harris getting 38%. Bernstein analysts say that regardless of the results, the asset will have short-term price movements. However, they expect BTC to benefit more from a Trump win. In the same Bernstein analysis, Bitcoin may increase to $90,000 if the Republican wins. Currently, Bitcoin’s price has dropped to $69k to $68k due to profit-taking. Also, analysts noted the weak inflows this week to ETFs. Most analysts agree that Bitcoin is still poised for an end-of-the-year rally. US Election Results Can Impact Other Digital Assets The US elections affect other digital assets besides Bitcoin. For example, in a Harris presidency, Ether may gain due to heightened regulations that can limit the performance of its competition, like Solana. However, Chhuhani offers a differing view, saying if the SEC adopts moderate policies, these can propel Bitcoin and other assets. This year’s election cycle puts crypto and the blockchain at the center of debates. Both candidates have shared their thoughts on crypto, with Trump offering more crypto-friendly solutions. Initially, Democrat Harris was reluctant to offer policy proposals, but she shifted her tone as the campaign moved forward. Featured image from Invezz, chart from TradingView

Campinas, Brazil, November 5th, 2024, Chainwire SP Negócios, São Paulo’s investment and export promotion agency, has partnered with Polkadot to foster innovation among companies in São Paulo. Driven by the growing market demand, Polkadot is increasingly positioning itself as an ally for businesses looking to grow in an innovative, secure, and transparent way. It has been sponsoring educational initiatives through Código Brazuca. Thanks to this, companies and citizens in São Paulo will have access to blockchain programming training through Código Brazuca’s content starting in December. This will be possible through the partnership established with Polkadot / Sunset Labs and São Paulo’s investment and export promotion agency, SP Negócios. The program is free and will be available online, open to companies in São Paulo. Registrations will soon be available through SP Negócios, and no prior qualifications are required. The partnership with Polkadot is part of SP Negócios’s strategy to boost the business environment within the crypto economy sector, reinforcing São Paulo as a hub of technology and innovation. Blockchain plays a transformative role in various areas, including decentralized finance, asset tokenization, NFTs, and more. By promoting the training of qualified professionals, SP Negócios seeks to attract investments, foster new startups, and solidify the city as a reference in adopting and developing blockchain-based solutions. About SP Negócios SP Negócios is an autonomous social service aimed at boosting investments and business in São Paulo. It is linked to the Municipal Secretariat of Economic Development and Employment. The goal is to help São Paulo-based companies conduct more business through exports, innovation and technology, public sector engagement, and improvement of the business environment. About Polkadot Polkadot is an open-source, multichain sharing protocol that facilitates the transfer of any type of data or asset, not just tokens, between networks, making a wide range of blockchains interoperable. Contact Polkadot São Paulo www.viracomunicacao.com.br [email protected]

Recent action has seen Bitcoin price retest the $67,000 price level. Particularly, the Bitcoin price declined by about 8.9% in seven days from $73,464 on October 29 to $66,895 on November 4, as many short-term traders exited their positions. At the same time, a few long-term holders also offloaded their Bitcoins, likely to lock in gains. According to technical analysis, the ongoing correction is absolutely normal and fine for Bitcoin. Particularly, technical analysis shows that the $100,000 price target for Bitcoin is well in play. Interestingly, this outlook is based on drawing parallels with the price history of gold. Analyst Reveals What The Gold Chart Says About The Bitcoin Price Bitcoin has long been referred to as the digital gold in terms of its use as a hedge against inflation. However, their respective price actions over the years point to more similarities than many investors realize. Crypto analyst Tony ‘The Bull’ Severino took to the social media platform X to share an intriguing trend he observed on the Bitcoin price chart to relay an optimistic perspective on the cryptocurrency’s long-term trajectory. Severino pointed out that Bitcoin’s price movements appear to be following a similar path to historical patterns seen in gold, which went through comparable price tops, price bottoms, breakouts, and retests. According to the price charts shared by Tony Severino, he highlighted notable similarities between Bitcoin’s price action on the 2-week candlestick timeframe with Gold on the 2-month candlestick timeframe. Particularly, Bitcoin’s price action has mirrored that of Gold in multiple instances. Therefore, the analyst compared to the current price breakout/retest in the Bitcoin price to that of a similar breakout/retest in Gold in 2023. Back in March 2023, gold went through a breakout and retest pattern, which set the stage for a prolonged rally over several months up until the time of writing. Severino believes Bitcoin could follow a similar trajectory for a multi-month rally. What’s Next For The BTC Price? According to Tony Severino’s analysis, the Bitcoin price correction is ending very soon and is set to go on a notable surge for the rest of the year. In terms of a timeline, he noted the creation of a new all-time high by the end of 2024 and a $100,000 price for Bitcoin in the first quarter of 2025. Although the analyst’s projection is based off of Bitcoin’s correlation with Gold, the price target resonates with similar price predictions with other technical analyses. For instance, a CryptoQuant analyst known as CoinLupin highlighted a similar price timeline based on the Bitcoin MVRV (Market Value to Realized Value) ratio. Using this ratio, he predicted a price target range of $95,000 to $120,000. At the time of writing, Bitcoin is trading at $68,714 and is down by 3% in the past 24 hours.

Kingstown, St Vincent and the Grenadines, October 30th, 2024, Chainwire Bit Rivals, an innovative gaming platform that bridges AAA and web3 gaming, is launching its presale on Gempad, starting November 6th, 2024. With a unique approach that simplifies web3 integration for all gamers, Bit Rivals aims to expand GameFi’s reach by making blockchain rewards accessible to all. A Seamless Play-and-Earn Experience Bit Rivals was created with a straightforward mission: bring gamers into the web3 space without the usual complexities. Bit Rivals connects players with popular AAA, indie, and web3 games, allowing players to earn rewards simply by gaming. No wallet connection or crypto knowledge is needed, making the platform accessible to gamers of all skill levels, regardless of their familiarity with the blockchain. Today, over 30,000 active daily users play through the Bit Rivals app. By offering popular games like Apex Legends, Fortnite, and League of Legends, Bit Rivals is filling a critical gap in GameFi by catering to both web2 and web3 players. Bit Rivals has already integrated 50+ AAA games and 90+ web3 games, with millions of matches logged by 50,000 beta testers. High-impact partnerships with organisations like KGEN, Xeriel, and Telos Foundation further expand Bit Rivals’ ecosystem. Bit Rivals’ Offerings Bit Rivals distinguishes itself in the GameFi sector through a set of unique offerings: Broad Game Selection: Integrating AAA, indie, and web3 games for a diverse gaming experience. Real-World Rewards: Players can participate in raffles for gaming gear, vouchers, USDT prizes, and more. AI-Powered Analytics: Real-time data and game insights offer benefits for players and developers. Cross-Chain and Cross-Game Integration: Gamers enjoy fluid experiences across different platforms and blockchains. Presale Details on Gempad The upcoming presale on Gempad offers a unique opportunity to engage with Bit Rivals’ journey. Running from November 6th to November 15th, 2024, the presale has a target of $800,000 to $1,000,000, with tokens available at $0.009 each—a 10% discount from the public launch price. To add value for early participants, a 1-month cliff and a 7-month unlock period are in place. This presale marks an entry point for investors into a project that’s already live, backed by prominent investors and partners. The $RIVAL token holds a central role in the Bit Rivals ecosystem, offering utility that ranges from premium subscriptions and token burn events to governance and exclusive access. For more information on how to participate in the presale, users can click here. A Focused Strategy Bit Rivals is leveraging a dynamic ambassador program, featuring 30+ Twitch streamers and well-known gaming personalities, to bring added visibility to the platform and presale. This includes prominent figures from 3C Gaming and the Fortnite streamer Zemie, whose 4 million-strong following will support Bit Rivals’ launch efforts. In addition, activations with key Trading and Web3 Gaming KOLs are set to further elevate Bit Rivals’ presale efforts. These strategic collaborations are designed to introduce Bit Rivals to diverse audiences, ensuring a strong, engaged user base from day one. The project is also backed by investors, including Decubate Ventures, Lavender Capital, ChaiTech Capital, Oasis Ventures, Cheeky Crypto, Octavia Ventures and 5ire, providing credibility and growth potential. With CEX listings following the presale planned on Gate.io and MEXC and secondary listings on BitPanda, BingX, CoinW and more, Bit Rivals’ roadmap reflects a commitment to growth and community-building. The Future of GameFi For investors and gamers, Bit Rivals presents an opportunity to engage with the next wave of GameFi innovation. With Bitcoin’s resurgence, a powerful network of backers, and a proven track record of user adoption, Bit Rivals aims to redefine the future of gaming. The Gempad presale starts from November 6th to November 15th. About Us Bit Rivals is the first platform to integrate AAA titles and indie releases alongside Web3 games and bring them seamlessly into a Web3 ecosystem. We accelerate and incubate new games while simultaneously providing a feature-rich data analytics and rewards platform for players. Website | Twitter | Telegram | Discord Contact CMO Macey Bluebell Bit Rivals [email protected]

Miami, Florida, November 5th, 2024, Chainwire FLOKI is thrilled to announce its latest marketing push, a four-week campaign at the iconic WAFI Mall in Dubai. From November 8 to December 5, FLOKI’s brand presence will light up 18 digital screens across one of Dubai’s most renowned shopping destinations, marking a major part of our larger Dubai takeover initiative. WAFI Mall draws an average daily foot traffic of approximately 19,500 visitors, providing FLOKI with the opportunity to reach a high volume of shoppers each day. The mall spans 2.5 million square feet, with 860,000 square feet dedicated to retail, housing over 300 diverse stores that blend international brands with unique local boutiques. The 18 digital screens are strategically positioned throughout the mall, ensuring that FLOKI’s campaign achieves maximum visibility. These screens are set in high-traffic areas and prominent locations within WAFI Mall, making FLOKI hard to miss for every shopper passing through. About WAFI Mall WAFI Mall, open since the early 1990s, holds a special place in Dubai’s retail landscape as one of the city’s first large shopping complexes. The mall’s unique Egyptian theme sets it apart, with elaborate sphinx statues welcoming visitors at the entrance, pharaoh sculptures, and intricate stained-glass pyramids that adorn the mall’s interiors. This decor transports visitors to a world inspired by ancient Egypt and is a major draw for locals and tourists alike. WAFI Mall also hosts cultural events, exhibitions, and a light and sound show that further enhance the shopping experience. Notable family-friendly features include KidZania, making it a popular spot for visitors of all ages. In addition to its shopping attractions, WAFI Mall offers an impressive array of dining and wellness options. Popular dining spots include Italian café Biella, Indian eatery Asha’s, and upscale wellness options such as Cleopatra’s Spa and Pharaohs’ Club. Adjacent to the mall is the five-star Raffles Dubai, known for its Egyptian-inspired architecture and award-winning afternoon tea at Raffles Salon. Other accommodation options nearby include Sofitel Dubai The Obelisk, Arabian Park Hotel, and Wafi Residence, ensuring a steady flow of high-profile guests and tourists to the area. About Floki Floki is the people’s cryptocurrency and utility token of the Floki Ecosystem. Focused on utility, community, philanthropy, and strategic marketing, Floki is working toward becoming the world’s most recognized and used cryptocurrency. With over 490,000 holders globally, Floki has already established a strong brand presence. Users can learn more at floki.com. YouTube | Telegram | Instagram | TikTok | Discord | Facebook | Reddit | Twitch | Valhalla Contact Community Relations Officer Pedro Vidal Floki [email protected]

Matt Hougan, Chief Investment Officer of Bitwise Asset Management, declared in an investor note today that the crypto industry has secured its place in the financial world, irrespective of the outcome of today’s US presidential election between President Donald Trump and Senator Kamala Harris. In his note titled “Crypto Has Already Won,” Hougan stated, “There is nothing left to say about Tuesday’s election.” He provided a succinct assessment for investors: “Short-term, a Trump victory is better than a Harris victory. Long-term, Bitcoin, Ethereum, and stablecoins will thrive regardless of who wins. Altcoins have more regulatory risk in a Harris regime than a Trump regime.” Hougan cautioned that the only unfavorable scenario for crypto would be a Democratic sweep. “It would embolden the fringe element of the Democratic Party that is overtly hostile to crypto. But even in that scenario, I’d buy the dip,” he wrote. Reflecting on the industry’s resilience over the past four years, Hougan emphasized, “If there’s one thing the past four years has taught me, it’s this: Washington can’t stop crypto. It can alter the trajectory. It can speed things up or slow things down. It can bring more confusion or new clarity. But it can’t stop it.” According to the Bitwise CIO, the presidential election serves as a milestone to evaluate the crypto sector’s growth since November 2020. Despite a combative regulatory environment—including “Operation Choke Point 2.0,” numerous SEC lawsuits, and a host of contradictory or ambiguous statements—the progress made is remarkable. Hougan noted, “We focus so much in crypto on the moment-by-moment movement of prices that we often lose sight of the long-term trends. The presidential election provides a nice opportunity to step back and see how far we’ve come.” ‘Crypto Has Already Won’ He presented compelling statistics comparing November 2020 to November 2024. Bitcoin’s price increased from $13,677 to $69,492, a 408% rise. Ethereum went from $388 to $2,492, marking a 552% increase. Solana experienced a meteoric rise from $1.49 to $165.12, an increase of 10,982%. In terms of trading volume, the CME Bitcoin Futures Open Interest in October surged from $0.57 billion to $10.58 billion, a 1,756% increase. The seven-day moving average of crypto daily exchange volume expanded from $9.68 billion to $39.32 billion, a 306% increase. Decentralized exchange volume in October soared from $12.6 billion to $156.5 billion, reflecting an 11,142% increase. Assets under management also saw significant growth. The Bitcoin spot ETF assets under management, nonexistent in November 2020, reached $71.46 billion by November 2024. Stablecoin assets under management dramatically increased from $3.87 billion to $177.83 billion, a 4,495% rise. The total value locked in decentralized finance platforms increased from $9.57 billion to $139.3 billion, a growth of 1,356%. Network activity showed substantial increases as well. Monthly transactions on the Bitcoin network grew from 9.28 million to 20.48 million, a 121% increase. Monthly transactions considering Ethereum and Layer 2 solutions saw a massive rise from 33.3 million to 385.8 million, a 1,059% increase. Mainstream adoption indicators also highlighted crypto’s integration into traditional finance and politics. The number of top 20 asset managers with tokenized funds increased from none in 2020 to three in 2024. BlackRock’s adoption of Bitcoin and Ethereum, nonexistent in 2020, is one of the biggest stories in 2024. Because of all that, Hougan expressed strong confidence in the continuation of these positive trends. “The question to ask yourself as you look at the above statistics is whether they will continue. From my seat, the answer is a resounding yes,” he affirmed. He outlined several key expectations: spot crypto ETF inflows will continue; stablecoins will continue to grow rapidly; institutions will continue to ‘get off zero’ and add allocations to Bitcoin and crypto; Wall Street will continue to embrace tokenization and real-world assets; blockchains will continue to get faster and cheaper; and real-world applications like Polymarket will continue to break through and gain mainstream adoption. While acknowledging the election’s significance, Hougan minimized its long-term impact on Bitcoin’s and crypto’s trajectory. “Make no mistake: What happens in Tuesday’s election matters, particularly in the short term. But as I see it, over the long term, Tuesday will prove to be something between a speed bump and a wind gust. Neither is going to stop this train,” he concluded. At press time, Bitcoin traded at $68,932.

In the wake of the US presidential election, Bitcoin (BTC) is experiencing the expected volatility that often accompanies major political events. Tuesday’s trading saw the largest cryptocurrency fluctuating between $68,000 and $70,000, with the latter level acting as resistance since Saturday. Market analysis firm Crypto Birb has released insights into the potential impacts of the election on Bitcoin’s price trajectory, suggesting that, based on current indicators, Bitcoin could reach new record highs above $73,700 in the days following the election. Bitcoin Price Could Soar To Over $263,000 In a recent social media update, Crypto Birb highlighted several key figures for traders and investors, including the upward trends in the 200-week and 50-week simple moving averages (SMAs), currently at $59,200 and $40,700, respectively, which point to a bullish long-term outlook for the Bitcoin price. The firm notes the presence of over $470 billion in volume from exchange-traded funds (ETFs) investing in BTC, further contributing to market liquidity, which is critical for Bitcoin’s price movements to the upside. However, a market bloat of 51%, measured by the Net Unrealized Profit/Loss (NUPL), indicates that a significant portion of Bitcoin holders are in profit, potentially leading to increased selling pressure if prices rise too quickly. The Market Value to Realized Value (MVRV-Z Ratio), currently at 1.86, projects a potential price target of over $263,000, suggesting substantial room for growth. Notably, Bitcoin’s low correlation of 0.16 with the S&P 500 indicates that its price movements are largely independent of traditional equity markets, which could attract investors seeking diversification. Historical Trends Suggest Strong November Ahead Despite the bullish long-term outlook, the firm suggests that traders should be cautious of short-term volatility. Crypto Birb noted that the market is experiencing a spike in “price randomness,” common occurrence during election cycles. Key resistance levels are identified at $70,700 and $72,000, which could prove critical in determining Bitcoin’s immediate path. The daily trend shows that $70,000 is a pivotal breakout point, and the firm suggests that a successful move above this threshold could trigger further upward momentum to retest all-time high records. The firm also highlights the current sentiment in the crypto market, which is currently characterized by a “Fear and Greed” index reading of 70, indicating a state of greed among investors. Crypto Birb contends that this sentiment often leads to heightened buying activity but can also signal a potential pullback if prices rise too quickly. Additionally, mining costs are estimated at around $80,700, suggesting miners are operating at a loss if Bitcoin remains below this threshold. Further strengthening the case for Bitcoin, historical data shows that November has been a strong month for BTC, with an average gain of 14.96% over the past nine years. This means that if the cryptocurrency follows past movements, it could reach $79,000 by the end of the month. In addition, the fourth quarter of the past few years has shown an average gain of 50.86%, with the maximum quarterly gain recorded at 470.44%, suggesting that BTC could be poised for a significant rally in the coming weeks, regardless of the US election results between Donald Trump and Kamala Harris. When writing, the largest cryptocurrency on the market was trading at $69,830, up 3% in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com

The Dogecoin price momentum is heating up as it makes another move toward the key $0.18 mark, a level that previously set an all-time high for the popular meme coin. The recent surge in the Dogecoin price has captured the attention of both traders and long-term holders, sparking speculation about a possible breakout that could take it to new heights. With bullish pressure picking up, the widely circulating question is whether Dogecoin has the strength to break through its resistance and finally establish a new milestone. This article aims to explore the recent surge in Dogecoin’s price and assess its capabilities to break through the pivotal $0.18 resistance level. Through technical analysis and a look at current market sentiment, this piece provides insights into the driving forces behind DOGE’s rally and evaluates the breakout chances. Bullish Momentum Builds For Dogecoin Price DOGE has consistently maintained its position above the 100-day Simple Moving Average (SMA) on the 4-hour chart, signaling sustained upward movement and a strong bullish foundation. This steady hold above the SMA line indicates a supportive trend for further gains, as buyers have continued to show resilience in defending key levels. Recently, the Dogecoin price rebounded from the $0.149 support level, fueling positive market sentiment and reaffirming the strength of buyer interest at this critical point. An analysis of the 4-hour Relative Strength Index (RSI) reveals renewed bullish potential, as the RSI has risen from the oversold zone above the 50% threshold. Currently seating at 65%, this upward shift suggests that buying momentum is gaining traction, indicating a transition from a bearish phase toward a more neutral, possibly bullish stance. Furthermore, the daily chart reveals that Dogecoin is experiencing a strong move on the upside, highlighted by a series of positive candlesticks that suggest sustained buying pressure. This optimistic trend is reinforced by DOGE’s position above the 100-day SMA, a key level that signals continued strength in the current uptrend. As the Dogecoin price maintains this trajectory, market sentiment grows increasingly hopeful, creating a favorable setup for more gains as it approaches the $0.18 resistance level. Lastly, the RSI on the daily chart is now at 65%, recovering from a previous dip to 56%. If the RSI continues to ascend, it may signal enhanced strength in DOGE’s price action. Moreover, maintaining a position above the 60% mark could significantly increase the likelihood of ongoing bullish momentum and possible breakouts, solidifying the asset’s positive sentiment. Will DOGE Power Through Or Pull Back? The Dogecoin price is nearing the critical resistance level of $0.18, prompting speculation about its potential for continued gains. Should DOGE successfully break through this threshold, it could set the stage for a substantial rally, potentially reaching new highs. possibly leading to the establishment of a new all-time high. However, if DOGE is unable to surpass the resistance, it could result in profit-taking, which could cause a drop toward the $0.149 support level and other additional downside targets.

Binance Charity, the philanthropic arm of the global blockchain firm Binance, is leading the donation of $3M to the Spanish Red Cross (Cruz Roja Española) in order to provide assistance to relief operations in the region. This contribution is in response to the disastrous floods that occurred in the Valencia province of Spain. In order to provide aid and support that is desperately needed, the donation that was made by Binance Charity will be channeled towards emergency relief actions that are being carried out by Spain’s Red Cross. Binance Charity is a pioneering philanthropic organization that utilizes blockchain technology to give help that is not only transparent but also efficient and quick during times of disaster. The mission of Binance Charity is to close the gap between people who are in need and the resources that are necessary to restore lives and communities by using the power of cryptocurrencies and Web3 solutions. Binance Charity continues to be at the forefront of pioneering novel techniques to generate positive change all around the globe, with a strong commitment to global humanitarian concerns across the world. Javier García de la Torre, Binance’s General Manager for Spain, said: Fernando Pérez-Ordoyo, Head of International Partnerships at the Spanish Red Cross, commented: Anyone who is interested in contributing to the Spanish Red Cross’s efforts to assist the communities that have been impacted may do so using the following donation address, which is also designated as an open fundraising channel.

NY, United States of America, November 5th, 2024, Chainwire Leading DeFi Market Maker Seeks New Clients Amidst Technological Advancements Xinteria, a pioneering decentralized finance (DeFi) company specializing in market making, announces that it has surpassed $1 billion in trading volume. This significant milestone demonstrates Xinteria’s role in shaping the DeFi landscape and its commitment to innovation in financial markets. Building on this achievement, Xinteria has unveiled a suite of cutting-edge market-making technologies designed to enhance liquidity and efficiency across decentralized exchanges. These advancements position the company at the forefront of DeFi innovation, offering services to clients worldwide. Xinteria’s new technology incorporates advanced algorithms and real-time analytics to optimize trading operations. This results in improved price stability and reduced slippage, benefiting traders and platforms within the DeFi ecosystem. The company’s solutions are tailored to meet the evolving needs of exchanges, token projects, and institutional investors navigating the complex DeFi landscape. Xinteria is actively seeking new clients to leverage its state-of-the-art technology and expertise. The company offers comprehensive market-making services that empower clients to achieve greater efficiency and success in their trading activities. About Xinteria Xinteria is a leading DeFi company specializing in market-making services. Founded in 2020, the company leverages advanced technology and deep industry expertise to provide liquidity solutions across multiple decentralized platforms. Xinteria is committed to fostering innovation and efficiency in the DeFi space, offering clients exceptional service and strategic insights. Contact Press Xinteria [email protected]

Crypto analyst Trader Tardigrade has revealed that the Dogecoin price has marked a local bottom. He further provided insights into what could come next for the foremost meme coin, with a 100% price rally from its current level on the cards. Dogecoin Price Forms Local Bottom In an X post, Trader Tardigrade mentioned that the Dogecoin price has formed a local bottom signal. He explained that whenever the DOGE Moving Average Convergence Divergence (MACD) bearish cross forms, Dogecoin tends to trade sideways for a week before starting another bull run. With the bearish cross happening now, the DOGE price is gearing up for another leg up, which, based on Trader Tardigrade’s analysis, could happen a week from now. The analyst’s accompanying chart showed that Dogecoin could witness up to a 100% rally as it rises to $0.28 from its current price. The chart also showed how the Dogecoin price has formed local bottoms and then enjoyed another leg up since its bull run began in September. The DOGE price is up over 53% since September, outperforming the top 100 cryptos by market cap during this period. Crypto analyst Master Kenobi, who had rightly predicted the start of the Dogecoin bull run, also recently suggested that the meme coin was ready for the next part of its bull run. In an X post, he stated that it was nice to see the Dogecoin price back above $0.16, seeing as the meme coin has successfully retested previous resistance levels and confirmed them as support. Master Kenobi further mentioned that the next levels to watch out for after the Dogecoin price reaches $0.23 are $0.33 and $0.73, its current all-time high (ATH). Once the meme coin reaches $0.73, the analyst remarked that the DOGE price will “moon,” indicating a parabolic rally. Daily And Weekly Golden Cross Pending For DOGE Self-acclaimed DOGE lead analyst on X Kevin Capital revealed that a daily and weekly golden cross is pending for the Dogecoin price. The analyst noted that this was happening right before a potential Donald Trump victory and Elon Musk’s implementation of the Department of Government Efficiency (D.O.G.E). A Trump victory could be the catalyst for a Dogecoin price breakout above $0.20, considering that it will pave the way for Musk’s D.O.G.E proposal which continues to impact the meme coin positively. Crypto analyst Ali Martinez also recently analyzed Dogecoin price action and said that the meme coin was the perfect trade right before the US elections. Indeed, the meme coin might be the perfect trade as it has decoupled from other crypto assets and is the top gainer among the top 100 cryptos by market cap ahead of today’s elections. At the time of writing, the Dogecoin price is trading at around $0.165, up over 10% in the last 24 hours, according to data from CoinMarketCap.

Abu Dhabi, United Arab Emirates, November 5th, 2024, Chainwire This collaboration introduces a blockchain-based payments solution for innovative $99 Jambo smartphones, targeting crypto payments for millions. Jambo, a leading builder of web3 mobile infrastructure, today announced its partnership with Lif3, the revolutionary omni-chain DeFi Layer-1 ecosystem, to offer millions of Jambo phone users in over 120 countries, with easier access to peer-to-peer crypto payments through the Lif3 mobile app. Founded by serial entrepreneur and web3 investor Harry Yeh, Lif3’s strategic collaboration merges its innovative DeFi ecosystem with Jambo’s expertise in mobile technology tailored for emerging economies, facilitating developing countries’ access to the world’s financial market. Emerging markets face unique challenges that require innovative solutions for real problems. In regions like Africa, where 57% of the ~1.5bn population remains unbanked and 50% without access to a smartphone, the collaboration between Jambo and Lif3 is designed to address these issues by providing secure, user-friendly access to real-time crypto payments. This initiative will empower millions by facilitating enhanced connectivity, improved security, and streamlined access to digital financial services. Additionally, the Lif3 mobile app will be pre-installed on the JamboPhone, complemented by quests and educational programs to help users familiarize themselves with the new technology while earning rewards. The partnership will feature pre-installed Lif3 apps on all JamboPhones globally, allowing users to get their crypto wallet instantaneously and engage in a host of DeFi features integrated within the Lif3 ecosystem. The initiative also plans to include educational programs to assist new users in navigating the web3 space safely and becoming savvy digital citizens. The Jambo and Lif3 collaboration not only enhances access to digital technologies but also paves the way for financial inclusion in regions where traditional banking has been out of reach. This initiative directly targets the gap in financial services, aiming to bring the unbanked into the economic fold and ignite economic growth from the ground up. About Jambo Jambo – The Most Globally Distributed DePIN Smartphone. Jambo’s vision is to bring emerging markets on-chain through building the largest web3 mobile infrastructure network. Jambo is backed by investors globally, including Paradigm, Tiger Global, Pantera, Delphi and more. Jambo is onboarding the next billion users to web3 with the JamboPhone 2, a premiere web3 Android smartphone starting at only $99 preloaded with the world of web3 at their fingertips. The Jambo Ecosystem is preinstalled on the phone and features web3 mobile games, wallets, payment infrastructure, and more. Users can learn more about the latest from Jambo on Twitter/X and purchase their JamboPhone at jambophone.xyz, and join the Jambo Community and lead web3 adoption with them on Telegram. To learn more about Jambo, users can visit jambophone.xyz Social Media X | Facebook | Instagram | TikTok | Telegram About Lif3 Lif3.com is revolutionizing the blockchain industry with its omni-chain DeFi ecosystem and curated Layer-1 blockchain. The self-custody Lif3 Wallet, available on the App Store and Google Play, empowers users by unlocking the full potential of Web3, transforming consumer DeFi, Gaming, iGaming, music, entertainment, and more. $LIF3 is currently listed on Bitfinex, Bitmart, and MEXC. To learn more about lIF3, users can visit lif3.com. For more information, users can contact: [email protected] Social Media X | Telegram | Discord | News and Updates About Quantum Fintech Group Quantum Fintech Group is a private investment group founded in 2020, and is focused on providing superior returns in the alternative asset space focusing specifically on blockchain investments. Social Media: X Contact Chantel Elloway [email protected]

In a decisive move to strengthen its token economy and foster community engagement, Zeebu, a decentralized B2B settlement platform, has announced the completion of its fourth quarterly token burn, permanently eliminating over 251 million ZBU tokens from circulation. This burn reflects Zeebu’s commitment to creating a deflationary token model designed to drive long-term growth. The latest initiative is also complemented by an exclusive ZBU Airdrop, aimed at inviting community participation in Zeebu’s journey to revolutionize B2B payments in the telecom sector and beyond. Launched in 2023, Zeebu has been instrumental in transforming telecom payment systems, using blockchain to enhance transparency and streamline operations. With the launch of the ZBU Protocol, the decentralized settlement platform takes another step toward building a decentralized, distributed, and community-focused network designed to foster growth and shared value. Token Burn to Drive Sustainable Growth This quarter’s token burn was executed under Zeebu’s Phoenix Protocol, which automatically determines the burn amount based on transaction volume and token consumption. By strategically reducing the circulating supply of ZBU, Zeebu aims to reinforce the token’s role as a trusted settlement medium, supporting a balanced and sustainable ecosystem that grows alongside platform adoption. Burn Highlights: Total ZBU Burned: 251,695,770.74 Transaction ID: View on Etherscan “We are excited to announce the successful completion of our fourth quarterly burn event,” said Raj Brahmbhatt, CEO of Zeebu. “Each burn event strengthens our tokenomics and underscores our commitment to a sustainable token economy. As we approach the next chapter in our journey with the launch of the ZBU Protocol, we’re unlocking greater scale, liquidity, and community participation. Looking ahead, the Phoenix Protocol and quarterly burns will remain crucial as we continue to build a robust and community-centered B2B payment network.” ZBU Airdrop: Community Participation through #empowertheprotocol To further engage its community, Zeebu has launched the ZBU Airdrop, offering 60 million ZBU tokens to early supporters and ecosystem participants. The airdrop is part of Zeebu’s #empowertheprotocol initiative, a movement that invites the community to become active contributors to the platform’s evolution. By participating in the airdrop, users can gain exclusive benefits and play a key role in shaping Zeebu’s decentralized B2B payment infrastructure. The waitlist for the ZBU Protocol is currently open, inviting early supporters and participants to secure their spot in Zeebu’s expanding ecosystem. Interested users have until November 15, 2024, to join the waitlist and be part of this decentralized B2B settlement network. Season 1 of the ZBU Airdrop is set to begin on November 16, 2024, and will continue until either March 31, 2025, or until the protocol reaches $1 billion in Total Value Locked (TVL), whichever comes first. With #empowertheprotocol, Zeebu envisions a community-led ecosystem where stakeholders not only benefit financially but also help build a new standard for B2B settlements. This initiative reflects Zeebu’s commitment to an inclusive approach, ensuring that each participant plays an integral part in the platform’s growth and direction. The ZBU Protocol: Pioneering Decentralized B2B Payments for Telecom Zeebu’s ZBU Protocol is redefining how transactions are handled in the telecom industry by creating a liquidity-optimized, decentralized payment infrastructure. The ZBU Protocol is fundamentally transforming the way telecom giants manage cross-border payments and settlements. This innovation provides a scalable solution for telecom providers seeking to serve retail markets efficiently, without the limitations and high costs associated with traditional payment methods. “Zeebu is committed to empowering our community to actively participate in this transformation,” said Keshav Pandya, COO of Zeebu. “The launch of the #empowertheprotocol campaign is a significant step toward providing our community and stakeholders with access to exclusive opportunities, empowering them to play an active role in shaping Zeebu’s growing decentralized ecosystem.” A New Chapter for B2B Settlements with Community-Driven Growth With over $4.4 billion in transaction volume processed and a network of 135+ institutional partners, Zeebu has positioned itself as a pivotal player in the blockchain-based B2B payments landscape. Over the next 12 months, Zeebu aims to scale up to $14 billion in transaction volume, activating 300 on-chain clearing houses to build a global, decentralized payment network. This growth plan is deeply connected to community involvement. By participating in the #empowertheprotocol initiative, users are directly supporting Zeebu’s expansion, as the company builds a comprehensive infrastructure designed to streamline payments for businesses worldwide. To learn more about the initiative, read here. About Zeebu Zeebu is a decentralized platform revolutionizing B2B settlements, beginning with the telecom industry. Leveraging blockchain technology, Zeebu offers a transparent, cost-efficient solution for cross-border payments, enabling businesses to bypass traditional intermediaries. With a commitment to sustainable tokenomics and community-driven growth, Zeebu is shaping the future of B2B payments. For more information about Zeebu’s developments, ZBU Airdrop, and ZBU Protocol, visit https://zeebu.fi and follow Zeebu on social media for real-time updates. 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.

exSat Network, a cutting-edge scaling solution that was developed to broaden and improve the Bitcoin ecosystem, is thrilled to announce the introduction of the exSat bridge, which will provide Bitcoin staking. As a result of this development, which comes just under two weeks following the introduction of the mainnet, Bitcoin holders now have access to additional prospects for income. exSat is committed to tackling the issues of Bitcoin’s scalability and interoperability in order to realize the goal of Bitcoin’s widespread adoption. Through the implementation of a Data Consensus Extension Protocol that combines Proof of Work (PoW) and Proof of Stake (PoS), exSat intends to improve the data consensus, scalability, security, and interoperability of Bitcoin within the ecosystem. In order to realize Satoshi’s vision, it is necessary to provide new financial possibilities, and Bitcoin staking represents a significant step forward in this regard. In addition to being the most valued digital asset and having the most trading activity, Bitcoin now provides the opportunity to earn via staking. Staking Bitcoin results in the customer receiving a wrapped token known as XBTC, which is bonded 1:1 with native Bitcoin. This enables the user to keep possession of their original Bitcoin while also earning yield. In addition, staking on the exSat Network helps to ensure the safety of the network. Stakeholders get XSAT, the native token that drives the exSat ecosystem, in exchange for their participation. In the future, XSAT will be traded on a variety of exchanges across the world. The exSat bridge has been subjected to a comprehensive audit by Blocksec, and it was developed in collaboration with prominent custodians such as Ceffu, ChainUp, Cobo, and Cactus. The reliability, security, and transparency of the exSat bridge are all ensured by the combination of stringent audits and trustworthy custodial cooperation. To this day, the exSat Network has been able to secure more than $488 million in Total Value Locked (TVL), which is backed by more than 41 validators. Additionally, more than fifty percent of Bitcoin’s hash rate is syncing data on the network. Matrixport, Spiderpool, Antpool, viaBTC, Everstake, HashKey Cloud, Blocksec, OKX, BitTrade, Bitget, ChainUp Cloud, and Cactus Custody are some of the key industry partners that are collaborating in the exSat Network. To stake Bitcoin on the exSat Network, you must first link your wallet, then bridge BTC to acquire XBTC, then stake XBTC with a validator, and finally receive XSAT. This process is straightforward. As a result of this simplified approach, Bitcoin stakers are able to receive XSAT tokens instantly, rather than having to wait for future airdrops or accumulate points. To get further details on the launch of the exSat Network and to remain up-to-date on forthcoming developments, please visit both our website and the exSat on X.

Last month, Animoca Brands emerged as the top investor in crypto fundraising. The total funds raised in the crypto space hit a 2-year-high in October 2024. Months after the Terra Luna collapse in Q2 2022, the pace of crypto fundraising slowed, falling below $3 billion—a level it has yet to regain. October 2024, however, marked a bullish trend by reaching a 28-month peak with $2.45 billion in total fundraising. According to CryptoRank, total fundraising last month climbed by over 264.4% from September’s $672.27 million. There was a slight drop — 1.8% — in VC rounds, falling from 111 to 109. From January to October, the crypto space saw total fundraising exceed $8.08 billion. Crypto Fundraising (Source: cryptorank.io) Of the different verticals, blockchain services dominated fundraising with $1.25 billion. The social sector came next, raising $578.15 million, followed by blockchain infrastructure at $265.3 million, DeFi at $143.2 million, and GameFi at $102.85 million. Animoca Brands and Polygon Co-Founder In Lead Hong Kong-based Web3 VC giant Animoca Brands took the lead in the Uptober rally of the crypto fundraising arena with 9 deals. In addition to web3 gaming and DeFi, the company allocated funds to emerging narratives like DePIN and AI. Among October’s top 10 record makers stood two angel investors — Ekram Ahmed, Head of Marketing and Comms. of Celestia, and Mert Mumtaz, Helius Labs CEO. Both these investors carried out 5 deals in the month. Remarkably, Animoca Brands stands at the top of the all-time list of investors, taking the first spot with 435 rounds. Meanwhile, Coinbase Ventures takes the second spot, boasting 416 funding rounds primarily in the exchange niche. (Source: Messari Fundraising Data) Outlier Ventures comes in third, having made 326 investments in projects focused on developer tooling. Binance Labs follows with 308 investments, primarily in gaming, while NGC Ventures rounds out the list with 277 investments mainly in the exchange niche. On another note, Sandeep Nailwal, co-founder of Polygon, is reported by Messari as the top angel investor with 41 investments. Popular NFT investor Santiago R Santo, aka CryptoPunk 9159, holds the second position with 39 funding rounds. Notably, Solana co-founder Anatoly Yakovenko ranks fourth with 30 rounds, while Helius Labs CEO Mert Mumtaz occupies the sixth spot with 22 rounds. Here are some key events and facts to know about crypto fundraising in 2024: In June 2024, crypto exchange Bitstamp was acquired by trading platform Robinhood for $200 million. This is the largest merger & acquisition (M&A) to date. In July 2024, Blockchain-led AI startup Sentient raised $85 million in seed round, co-led by Peter Thiel’s VC firm Founders Fund. In August, IP-focused blockchain Story Protocol recorded $80 million in a Series B round led by Andreessen Horowitz (a16z). The United States has emerged as the leading jurisdiction in fundraising, with over $3.08 billion raised across 180 rounds.

Meme coins exhibit bullish momentum in the light of the US election. MOG Coin is the top gainer of the day, gaining over 9%. The crypto industry has briefly recovered from the prolonged downside pressure. The global crypto market cap is up 2.7% to $2.3 trillion, over the day. Bitcoin, the leading cryptocurrency, experienced bearish pressure, and Ethereum followed. Despite this, the current market sentiment is in the neutral zone, at 50, according to the CMC Crypto Fear and Greed Index. It’s crucial to note that the meme market cap reached $63.56 billion, after noting a 6% surge in the last 24 hours. Meme coins have surged above other major assets after major price corrections before hours of the U.S. presidential election while other assets are in the bearish sentiment. The US election might be the major cause for this meme coin rally. As the market awaits favorable crypto policies, both Donald Trump and Kamala Harris have assured to help innovate the crypto sector. Trump-Won Scenario Besides, as per the crypto analyst, Miles Deutscher, meme coins could be the performing assets. Deutscher predicts that if Trump wins, there could be a major rally in the industry. Notably, it will bring in a boost for DOGE, which he considers as the “meme leader.” He further suggests the D.O.G.E initiative will strengthen the token, positioning it as a catalyst for liquidity rotation across the broader meme token market. The Trump-won scenario could ignite a renewed interest in altcoins, positioning meme coins in the forefront. Assets have witnessed dips due to election uncertainty, and he believes those coins might strongly rebound, triggering the FOMO (Fear of Missing Out) as traders return to the market post-election. Scenario of Kamala Victory In the winning scenario of Kamala, the market expects a potential regulatory crackdown on utility tokens to push investors toward meme coins as they seek nihilistic assets that may seem less vulnerable to scrutiny. In the case of building regulatory pressure, meme tokens could maintain dominance as a safer hold and more appealing. The popularity among retail investors in meme coins could be a better option in the altcoin industry if regulatory pressure increases. Moreover, Deutscher directs investors toward meme coins. However, he suggests waiting for the post-election volatility. If the market experiences another dip, he plans to prioritize the meme coin holdings such as DOGE, POPCAT, WIF, PEPE, SPX, and GOAT. On the other hand, the top gainers over the past day are occupied by the meme coins. MOG, DOGE, POPCAT, SHIB, and BONK are the first five tokens on the list. MOG has surged over 9% and the price has reached $0.000001869. The daily trading volume has soared over 63% to $43.62 million. Highlighted Crypto News Can Shiba Inu (SHIB) Build on Recent Gains for a Stronger Rally?