Ethereum faces selling pressure from whales amid election-related uncertainty. Institutional demand for Ethereum ETFs remains weak, impacting price recovery. As the cryptocurrency market grapples with uncertainty surrounding the U.S. presidential election, Ethereum (ETH) has experienced significant downward pressure. Currently trading at approximately $2,443, ETH has seen a 0.73% decline in the past 24 hours and a steep 7% drop over the last week. Despite a slight recovery in total market cap, which is up 0.18%, and a notable 12.5% increase in trading volume over the same period, many altcoins have also faced dips. Recent data reveals that Ethereum’s market cap stands at $297.4 billion, with a 24-hour trading volume of $12.34 billion. Analysts suggest that ongoing selling activity from large holders, or whales, could hinder ETH’s price recovery, with concerns mounting over the asset’s ability to surpass the $3,000 resistance level. Notably, a prominent whale recently withdrew over 96,000 ETH from Coinbase, resurfacing after a 40-day absence to transfer 15,000 ETH to Kraken, potentially signaling further selling pressure. Additionally, a Cosmos Network wallet transferred 3,500 ETH to Coinbase, underscoring the trend of significant withdrawals impacting the market. Will ETH Break Out Soon? Despite this, market sentiment may shift positively if the election results lead to renewed bullish momentum. The futures market shows signs of rising optimism, with funding rates climbing 85% as traders speculate on a potential Trump victory, which could bode well for Ethereum ETFs. ETH Price Chart, Source: Sanbase However, weak institutional demand has limited ETH’s growth. Ethereum ETFs have struggled with inflows, especially compared to their Bitcoin counterparts, as institutions remain cautious. This lack of interest is exacerbated by significant outflows from the Grayscale Ethereum Trust since its inception. With Ethereum’s price currently hovering near critical support levels, traders are closely watching for potential breakout opportunities, while the upcoming election may play a pivotal role in determining the market’s direction. Highlighted News Of The Day Metaplanet Enters CoinShares Global Equity Index Marking First

As the global cryptocurrency market experiences a resurgence with BTC revisiting the $73,000 mark, HTX, a leading cryptocurrency exchange, is rolling out a swath of innovative initiatives aimed at bolstering investor engagement and maximizing returns. HTX’s spokesperson, Liu Ye, recently took to X and shared several major upgrades for the HTX DAO’s governance token, $HTX, including the dual rewards for integrating $HTX Earn product and PrimePool, $HTX’s access to multiple PrimePool events, and a slight reduction in $HTX yield rate. The mix of these measures signals the exchange’s commitment to long-term growth and injects confidence into the $HTX appreciation. This article will examine these changes and deep dive into what is behind and ahead. I. Accelerated $HTX Burns Enhance Scarcity and Value In early October, HTX DAO announced the pivot of its liquidity pledge model into a burn mechanism, with cumulative pledges and burns now reaching $72.75 million. By reducing the circulating supply, this deflationary shift has the potential to increase $HTX’s value. More importantly, the strategy will not only support the long-term market cap of $HTX but also enhance the token’s scarcity as a digital asset. As the market inclines to holders, the reduced supply positions $HTX as an increasingly attractive option for long-term appreciation. II. “One Token, Dual Gains” – Integrating Earn Product and PrimePool According to HTX’s plan, users will soon be able to leverage $HTX for both the Earn product and PrimePool to earn double rewards. This integration offers $HTX holders various ways to earn rewards and manage their assets. Set to launch in December, this approach is designed to improve capital utilization efficiency while reducing the cost of asset management. Additionally, simplifying the process for investors, it is also the answer to enhance engagement and catering for those seeking steady long-term gains. Compared to engagement in a sole product, users can benefit from this approach to raise their potential for stable returns and increase overall flexibility in the longtime investments. III. Multiple PrimePool Opportunities for $HTX – Boosting Platform Appeal and Token Demand HTX’s forthcoming measure of accessing PrimePool events with $HTX represents another strategic enhancement. With this move, users can participate in the PrimePool events to earn new tokens by simply holding $HTX. This innovation makes $HTX both a valuable asset and a key to accessing new projects. This is expected to strengthen demand for $HTX, as holders now have an additional reason to hoard tokens. Meanwhile, HTX will see increasing user engagement in mining new tokens to foster the platform’s visibility and activity. Therefore, $HTX’s price is shaping up to rise and more projects will be part of the HTX network, contributing to the growth and prosperity of the token ecosystem. IV. Yield Adjustment for $HTX Flexible Product for Sustainable Growth of Stable Platform HTX plans to moderately cut the APY of $HTX Flexible product, with this change expected to take effect in early November. By making reasonable yield adjustments, HTX ensures a more sustainable asset allocation for the platform, thus avoiding liquidity pressures brought about by high yields. This strategy will help HTX enhance investment stability while maintaining positive demand for $HTX in the market. For $HTX investors, despite slightly reduced yields on $HTX, they will benefit from more diversified sources of returns and additional benefits. At the same time, lowering yields will also mitigate short-term fluctuations in $HTX caused by overly high yields, thereby easing the selling pressure. With regard to the platform’s long-term development, this adjustment lays a foundation for $HTX’s stable future growth and also reflects HTX’s emphasis on its sustainable and healthy growth. V. Future Return Prospects and Investment Value Overall, HTX creates the primary drivers to enhance $HTX’s value and expand its investor base in the future through the above one-two punches. The implementation of these initiatives not only effectively increases the demand for $HTX but also consolidates its market position as a long-term investment tool from multiple dimensions. 1. Token Appreciation Through Scarcity As the burning mechanism plays its role, $HTX will become increasingly scarce. By reducing circulating supply, $HTX’s supply and demand dynamics favor long-term token appreciation, making price increases more likely as the circulating $HTX in the market declines. 2. Enhanced Investment Appeal Through Multi-Channel Rewards $HTX holders are provided with diverse earning opportunities through the exchange’s “One Token, Dual Gains” model as well as multiple reward opportunities at PrimePool with $HTX. This approach of compound returns attracts more investors, especially long-term investors seeking a balance between asset appreciation and risk management. 3. Strengthened Market Confidence Favoring Long-Term Investment Recently, a series of positive news has driven up the $HTX price in the short term, with increased holdings by large holders and the entering of institutional capital further confirming market confidence. Coupled with $HTX’s burning mechanism and diversified revenue channels, it is increasingly evident that investors are optimistic about $HTX as a stable digital asset allocation tool for the long term. These upgrades to $HTX not only provide existing investors with an enhanced value appreciation experience but also reinforce $HTX’s position in the digital asset realm. In the future, as these changes are gradually in place, $HTX is expected to draw more investors, especially those focused on long-term asset growth and diverse revenue streams. As a representative crypto asset that balances innovation and stability, $HTX is steadily moving toward a more valuable future through carefully devised strategies, offering investors robust and diversified revenue channels. In fact, in addition to developing $HTX, HTX has recently been actively providing users with more varied income opportunities. At the end of October, the platform significantly raised the interest rates for HTX Earn’s mainstream Flexible products to industry-leading levels. Furthermore, Justin Sun, Global Advisor of HTX, announced HTX’s next major initiative, namely, daily interest payments on users’ USDT-M futures balances at a 4% APY. This initiative is pioneering in the industry and truly puts users at the center. While enhancing security for futures traders, it will also boost investor enthusiasm and liquidity. All these measures fully demonstrate HTX’s exceptional innovation capacity, strategic foresight, and commitment to continuously fostering industrial growth.

Metaplanet Inc. is now part of the CoinShares Blockchain Global Equity Index. CEO Simon Gerovich highlights the firm’s commitment to strengthening its international profile. Metaplanet Inc., a publicly listed investment firm from Japan, has joined the CoinShares Blockchain Global Equity Index (BLOCK Index). This marks Metaplanet’s first listing in a globally recognized equity index. The BLOCK Index, managed by CoinShares, tracks significant publicly traded companies driving blockchain and cryptocurrency innovation. With its inclusion, Metaplanet strengthens its influence within the blockchain sector, particularly in Asia. Simon Gerovich, CEO of Metaplanet, expressed excitement about this achievement. “We are thrilled to announce our inclusion in the CoinShares Blockchain Global Equity Index,” he stated on X. This listing enhances the company’s reputation and attracts international investors to its growing crypto market presence. Furthermore, Metaplanet emphasizes its commitment to shareholder value through disciplined Bitcoin accumulation. This strategy positions the firm as a leader among Japan’s digital asset firms. Metaplanet’s Bitcoin Strategy Recently, Metaplanet disclosed its Bitcoin holdings, stating that it accumulated over 1,100 BTC, valued at approximately $69 million. The company’s aggressive acquisition strategy mirrors that of MicroStrategy, known for its substantial Bitcoin treasury. In September, Metaplanet purchased 156 BTC for about $10 million. This significant move further solidifies its position in the crypto landscape. Additionally, the company has introduced a “BTC Yield” metric, similar to MicroStrategy’s, to highlight Bitcoin’s impact on shareholder value. Moreover, Metaplanet has partnered with Hoseki, a leader in Bitcoin verification solutions. This collaboration enables users to verify the company’s Bitcoin holdings, promoting transparency and trust. “As Bitcoin adoption proliferates globally, transparency is crucial,” the company stated. In April, Metaplanet decided to incorporate Bitcoin into its treasury assets. This decision arises from concerns about the Japanese yen’s vulnerability due to a low-interest-rate environment. The company views Bitcoin as a hedge against inflation and a tool for macroeconomic resilience. Highlighted Crypto News Today Is SUI Rooting for New ATH As Bull Run Resumes Post Price Dip?

While the broader crypto market experiences a slight downturn ahead of today’s US presidential election, Dogecoin (DOGE) has defied the trend by surging 10% in the last 24 hours. Over the past three days, DOGE has rallied more than 20% from its local low of $0.14219 on Sunday. Analysts attribute this remarkable performance to speculation surrounding the election and its potential impact on Dogecoin. Why Is Dogecoin Price Going Up Today? Several crypto analysts have identified Dogecoin as the leading “Trump trade” within the crypto market—a proxy for betting on a Donald Trump victory in the presidential election. This association stems from Elon Musk’s proposal about leading a “Department of Government Efficiency” (D.O.G.E.) under a Trump administration to reduce government spending. Russian Market (@runews) suggested that if Trump wins, “Elon Musk will land a role at the White House, potentially making Dogecoin one of the ‘official’ cryptocurrencies.” This speculation is considered one reason why Dogecoin is rallying even as Bitcoin faces a decline. Mammon (@D_DTRADING) also highlighted Dogecoin’s strong performance, arguing that Dogecoin might have become a leveraged bet for a Trump win. “Dogecoin showing great relative strength and imo this has to do with Elon’s involvement in supporting Trump. In which Dogecoin might have become the leveraged bet for a Trump win. Trump win > Doge to the moon??” he remarked. Miles Deutscher emphasized Dogecoin’s role as a catalyst in the crypto market: “DOGE pumps (D.O.G.E initiative will propel DOGE + it’s already showing strength as a proxy). DOGE as the meme leader will also drive attention + liquidity rotation to the broader meme narrative. Think of it as the spark that lights the fire.” Former investment bank trader Pablo Heman (@RealPabloHeman) observed that “DOGE is the only green in a sea of red cryptos,” implying a correlation between Dogecoin’s performance and the political developments. He pointed out: “The polls are confusing and contradicting, and actually they are FAKE! But the market does not lie! There is a clear, late surge in DJT the Trump stock, which is now making a Bullish Engulfing Pattern over yesterday’s red bar. […] And also DOGE is the only green in a sea of red cryptos. So just keep in mind Trump = DJT and Elon Musk = DOGE.” Andrea Capellini, founder of Freedom Trading Academy, expressed bullish sentiments on Dogecoin’s potential, suggesting that a Trump and Elon win could send DOGE to $0.47. Capellini’s technical analysis highlights key Fibonacci retracement levels applied from the low at $0.05237 to the recent peak at $0.59546. Notably, Dogecoin’s price is currently testing the resistance zone just beneath the 23.6% level at $0.21544. Breaking through this resistance could pave the way toward Capellini’s target of $0.47. The Relative Strength Index, a momentum oscillator, stands at 62.72, placing it in the upper neutral zone. This reading indicates growing bullish momentum without yet entering overbought territory (above 70). The current RSI level supports a cautiously optimistic outlook for the continuation of the upward trend. Moreover, the weekly chart for Dogecoin exhibits a bullish pattern characterized by a series of higher lows and higher highs—a classic sign of a sustained uptrend. However, DOGE is currently facing a downtrend line that has previously acted as resistance. A decisive breakout above this line is crucial to reach higher price targets, including Capellini’s projection of $0.47. At press time, DOGE traded at $0.16816.

The partnership between The Open Network (TON) and Tether has reached new heights as the USDT stablecoin experienced a massive surge in just a few months since the start of their collaboration. A remarkable feat that saw a massive increase in the USDT on TON hitting over $1 billion in only six months, an indicator of the capability of the emerging dynamic duo. Exponential Growth Analysts said that TON keeps on moving upward as many investors start to adopt Tether’s stablecoin. In a report, CryptoQuant said that in the last six months, USDT on TON rose by a whopping 670%. CryptoQuant added that TON only had $130 million worth of USDT in May 2024, but after half a year, the stablecoin ballooned to $1.02 billion. Analysts attributed the massive hike to the increasing investors’ preference to use TON, making the network a significant player in the stablecoin sector. They also believed that the stablecoin market will continue to thrive and flourish rapidly which will open opportunities for emerging blockchain networks. Currently, stablecoins have gained popularity worldwide. These digital monies are used to facilitate various activities such as cross-border transactions and personal payments. Data showed that for instance, USDT is being utilized by 10% of all commercial transactions conducted in South Korea. Low Transaction Fee CryptoQuant said that the TON blockchain is an excellent substitute for stablecoins because of its low transaction costs, saying that its “competitive transaction fees” fuel the increasing number of USDT transactions on TON. Analysts considered its remarkably low fees as one of its most significant advantages because it makes TON more attractive to users who conduct regular transactions. TON allows these users to save money while partaking in the cryptocurrency market. Statistics showed that transaction fees have decreased significantly in the past few months. The median transaction fee in June 2024 stood at $0.061, but it went down to $0.035 by October 2024. A significant reduction greatly contributed to the TON’s rapid adoption because users are seeing the network as an option for their transactions. USDT Expected To Expand USDT stablecoin has emerged as a key player in the market today, reaching a USDT supply of about $120 billion. CryptoQuant predicted that the USDT supply would expand and could reach $200 billion in the bull rally. CryptoQuant also sees that TON will have the opportunity to expand in the stablecoin ecosystem by providing “robust infrastructure and competitive advantages.” Featured image from Medium, chart from TradingView

Solana trades at $159, marking a brief decline of 1.82% over the last 24 hours. The market observed a liquidation of $11.43 million worth of SOL. The prevailing cryptocurrency market sentiment is uncertain. This week is crucial for the overall market in light of the US election. Historically, Bitcoin and other major altcoins have displayed positive momentum after the US presidential election. The market anticipates a similar picture, with the assets potentially hitting new highs after the election. The fifth-largest cryptocurrency, Solana (SOL), remains in a consolidation phase as the broader crypto market’s momentum is at a critical juncture. Despite a steady surge over the last month, SOL is currently grappling to enter the bullish territory. Notably, over the last 24 hours, SOL lost over 1.82%. The asset managed to hit a high of $164.71. Despite the surge, the price did not rise further and instead dropped to a low of 155.17. At press time, SOL is trading at $159.91, and the daily trading volume has increased by 12.80%, standing at around $2.86 billion. Meanwhile, Solana has witnessed a 24-hour liquidation of $11.43 million, as per Coinglass data. On the other hand, a crypto whale, with approximately $87 million in profits, has sold 92K Solana tokens worth $14.58 million. Since November 1, the whale has offloaded a total of 357,070 SOL, valued at approximately $58.54 million. The whale still holds 52,089 JitoSOL and 126,548 SOL. Can Solana Conquer the Bears? As SOL’s Moving Average Convergence Divergence (MACD) indicator settles beneath the signal line, indicating a downside pressure and an impending bearish trend, Solana’s four-hour technical chart reflects the current negative market sentiment. Besides, the altcoin is approaching the neutral zone in the market, as suggested by the daily relative strength index (RSI), which is positioned at 40.26. Moreover, the asset’s daily frame displays the short-term 9-day moving average below the long-term 21-day moving average. Assuming SOL’s revival, the asset’s price could rise to a potential $163 range initially. Subsequent resistance might be found at $167. Analysts predict SOL could reach the $185 to $200 range if its upward momentum continues. However, a strong bearish trajectory of SOL could take the price to immediate support at $154. Further declines will drive the altcoin’s price to slip even lower to the $150 range. Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Crypto losses reached $129M in October, driven by hacks and scams. Radiant Capital suffered the biggest hit, losing over $50 million. In October 2024, the crypto industry witnessed losses of $129.6 million, driven by various security incidents, including exit scams, flash loan attacks, and significant exploits. According to CertiK, a blockchain security firm, exit scams accounted for $1.2 million, flash loan attacks led to $1.5 million in losses, and a staggering $127 million came from different exploits. One of the most notable incidents involved Radiant Capital, a lending protocol, which lost over $50 million. The hack on October 16 compromised BNB Chain and Arbitrum markets. Radiant’s investigation revealed that hackers used malware to infiltrate the devices of at least three core developers, gaining access to private keys and smart contracts. After the attack, Radiant Capital implemented security enhancements, including transferring protocol ownership to a timelock contract and adding a 72-hour buffer for changes. Meanwhile, a separate phishing incident on October 11 led to a crypto whale losing $36 million in wrapped Ethereum (fwDETH) after signing a fraudulent transaction. Additionally, the M2 crypto exchange fell victim to a hack on October 31, losing $13.7 million in Bitcoin, Ether, and Solana. Despite the setback, M2 confirmed that customer funds were fully restored and security measures were improved. Other DeFi Projects Attack Ethereum’s EigenLayer was exploited for $5.7 million, with funds laundered through HitBTC and Bybit. Furthermore, decentralized finance platforms Tapioca DAO and Sunray Finance experienced private key compromises. Tapioca’s attacker stole $4.7 million via social engineering, exploiting the vesting contract to mint excess tokens. Sunray lost $2.86 million after an attacker used a compromised key to upgrade a smart contract, minting and dumping SUN tokens. Although October’s $127 million in exploit losses marked a 2.91% increase from September’s $123.4 million, it reflected a significant decline from the $324.7 million lost in May. These incidents underscore ongoing security challenges in the crypto sector, emphasizing the need for robust protection measures to safeguard assets. Highlighted News Of The Day Is Dogwifhat’s Price Decline Signaling a Buying Opportunity?

Dogecoin has achieved another historic milestone, as Dogecoin whales recorded their largest accumulation week since January 2024. Over 2.1 billion DOGE tokens were purchased during this period, underscoring the resurgence of interest and renewed confidence in the doggy-themed meme coin among prominent large-scale investors. Dogecoin Whales Set New Accumulation Record Over the past week, Dogecoin whales have been on a significant accumulation trend, buying more DOGE tokens than ever since the beginning of this year, when the positive sentiment surrounding meme coins was high. Data from IntoTheBlock has revealed that many Dogecoin addresses holding large quantities of tokens accumulated over 2.1 billion just last week. Additionally, Dogecoin whale activity has increased sporadically in the last few weeks. The platform reports that large-scale investors moved approximately 16.24 billion DOGE tokens, valued at $2.76 billion, over the past seven days. In the last 24 hours, these whales transferred another staggering 8.53 billion tokens, worth about $1.29 billion. This recent Dogecoin whale accumulation trend represents one of the most substantial purchases in the past few months. The spike in whale activity also comes as the Dogecoin price is seeing renewed momentum, experiencing price increases despite the broader market volatility. More often than not, whale activity is considered a strong indicator of market sentiment, suggesting that investors are possibly bullish on a particular cryptocurrency. Given the immense influence these so-called whales can have on a cryptocurrency, market experts carefully monitor their trades and movements to gauge the potential impacts on price trends and overall market dynamics. In the case of Dogecoin, data from CoinMarketCap reveals that the price of the meme coin has increased by 6.01% over the past week. This price surge aligns with the recent spike in whale activity. Moreover, with Dogecoin closing October in the green, the potential for continued price increases is still in play. Including its increase in whale activity, DOGE has also experienced a surge in its market capitalization and trading volume. The meme coins trading volume is up by 30.95% while its market cap has climbed to $22.12 billion, securing its position as the 8th largest cryptocurrency. DOGE TD Sequential Flashes Buy Signal While Dogecoin whales are on a significant accumulation spree, crypto analyst Ali Martinez has unveiled a new technical indicator signaling a change in market sentiment. The TD Sequential, a popular tool for identifying trend reversals, is now flashing a strong buy signal for Dogecoin. According to Martinez, the buy signal was seen on the Dogecoin 4-hour chart, suggesting that the meme coin may be poised for further upward movement. In light of this trend, the analyst predicts that if Dogecoin maintains a price above the $0.141 support, the meme coin could rebound to $0.162. It’s important to note that the Dogecoin price is currently trading at $0.15, according to CoinMarketCap.

Bitcoin is priced at $68,344, down 1.09%, with trading volume up 24.89%. U.S. 2024 election impacts market sentiment and ETF flows. Bitcoin (BTC) is currently priced at $68,344, showing a 1.09% decline over the last 24 hours. The 24-hour trading volume surged 24.89% to $41.18 billion, underscoring renewed market interest. BTC’s market cap is $1.35 trillion, maintaining a dominance of 3.05%. Market attention is also on the circulating supply, totaling 19.78 million BTC. The price trends show increased engagement, driven by the political backdrop of the U.S. 2024 presidential election, which continues to shape market sentiment. Consequently, this reflects a shift in capital flow ahead of the election. U.S. BTC ETFs saw a record $540.9 million outflow, the second-largest ever. 21Shares (ARKB) and Bitwise (BITB) faced their largest outflows since inception, signaling investor caution. However, BlackRock’s IBIT ETF attracted 569 BTC inflow, equating to $38.6 million. From October 28 to November 1, BTC ETFs recorded a net inflow of $2.22 billion over four of five trading days. Bitcoin In Today’s Market Bitcoin’s whale activity remains significant. Major transactions include 2,000 BTC ($135.8 million) and 2,100 BTC ($142.9 million) moved between unknown wallets, indicating strategic shifts. Other transfers of 1,837 BTC ($124.9 million) and 1,600 BTC ($108.8 million) added volatility, influencing market trends. Technical indicators reveal resistance at $69,011 and support at $68,108. Breaking past $69,011 could see BTC pushing towards $71,250, continuing its bullish pattern. The Relative Strength Index (RSI) at 42.63 indicates the asset is nearing neutral territory. The moving average (MA) shows a bearish crossover at $68,438, signaling potential short-term resistance. These crossovers could imply an upcoming consolidation phase or a trend shift. A significant move in Bitcoin adoption came when a British pension fund incorporated BTC into its portfolio, marking a first for the industry. This decision signals growing institutional interest and acceptance of Bitcoin as a viable investment, diversifying traditional portfolios beyond stocks and bonds. BTC faces a complex interplay of political drivers, ETF flows, and whale activity. Technical indicators point to potential gains if resistance breaks, though upcoming political decisions may heavily impact momentum. Investors should stay alert as BTC’s path remains influenced by multifaceted factors. Highlighted Crypto News Today Citi and Fidelity Set New Standards in Digital Asset Management

Mt. Gox has shown Bitcoin movements a few hours ago after its recent November 1 activity. Bitcoin price has slid down to the $68K level following the movement. External factors’ influences have not been novel to the crypto market since the beginning. As the US elections begin in the next few hours, community members wait with bated breath for the outcomes. Meanwhile, amid these tensions, previously bankrupt crypto exchange Mt. Gox showed a new activity approximately 6 hours ago. Notably, the crypto exchange advanced with several announcements a few months ago, in July and August. Its movements, coinciding with the German government’s Bitcoin sellings, caused huge effects on the Bitcoin price at the moment. Presently, Mt. Gox has resurfaced after almost two months of dormancy. According to Arkham Intelligence data, Mt. Gox transferred 32,371 BTC tokens from its cold wallet to another anonymous wallet – “1FG2C” 6 hours ago. Following this, it also moved 2K BTC to another wallet with the address “15gNR”. Previously, its last activity occurred on November 1, when the exchange transferred 1026.95 BTC tokens to other addresses. The crypto exchange has been moving huge amounts of Bitcoin to pay its creditors in the past few months. Additionally, Mt. Gox also initiated payments for its creditors, which is still underway. Mt. Gox repayments were one of the crucial market events in Q2 2024. Bitcoin Price Overview Post Recent Mt. Gox Movement Having been influenced by Mt. Gox movements, Bitcoin slid down to the $68K level after its recent descent to $69K. The previous downward movement occurred after Mt. Gox’s November 1 activity. In the last 24 hours, BTC has factored in a 0.54% and is currently trading at $68.4 levels. At the time of writing, Bitcoin was trading at $68,478 as per CMC data. During October, the cryptocurrency reached levels closer to its ATH at $73,500. Additionally, it had managed to stay above the $70K mark until the recent crypto exchange’s activity. Thus the crypto exchange’s activity can be construed as greatly influencing Bitcoin’s bearish movements. Finally, Mt. Gox has not made any recent official announcements regarding creditors’ repayments. This has led to increased uncertainty about its future movements. However, the exchange’s former CEO announced plans for a new crypto exchange platform in September. Highlighted Crypto News Today: Binance Research Report Explores the Rise of Memecoins Amid Economic and Cultural Shifts

Major firms like Robinhood, Kraken, and Paxos back the Global Dollar (USDG) stablecoin. The reserves for USDG will be managed by DBS Bank, Southeast Asia’s largest bank. A group of major players in the fintech and crypto world—Robinhood, Kraken, Galaxy Digital, and Paxos—have launched a new stablecoin, the Global Dollar (USDG), pegged to the US dollar and aimed at boosting accessibility and rewarding community engagement. USDG Introduces Unique Yield-Sharing Structure for Participants According to the Monday announcement, the USDG’s unique value proposition. Unlike traditional stablecoins, USDG will share a significant portion of the yield earned from its reserve assets with network participants, incentivizing faster adoption. Further, Paxos issued USDG stablecoin out of Singapore and governed by a committee of industry partners like Anchorage Digital and Bullish. Additionally, USDG is “substantively compliant” with the Monetary Authority of Singapore’s upcoming stablecoin framework. “This is meant to be a community token,” said Paxos CEO Charles Cascarilla. “We’re distributing 97% of the economics, marking a departure from traditional models.” Singapore’s DBS Bank, the largest in Asia and runs for 16 consecutive years, will manage the custody of Global Dollar reserves, ensuring secure cash management. The stablecoin will be available on Ethereum but plans to expand to other blockchains. At present, USDG is accessible via platforms like Kraken, Galaxy Digital, and Anchorage Digital. However, a market dominated by the two biggest players – Tether’s USDT and Circle’s USDC account for nearly 90% of the total market cap. The new stablecoin by Paxos faces stiff competition but brings an innovative, community-focused approach. Highlighted Crypto News Citi and Fidelity Set New Standards in Digital Asset Management

On the heels of their Marquee Party during Token2049 Singapore which saw a full house turnout of over 3,000 attendees from an overly-subscribed 8,000 signups, Tobi & Brent are bringing yet another massive bash, this time to Devcon Bangkok. Co-hosted by early-stage Web3 VC fund TBV and revolutionary BTC blockchain network BitcoinOS. Headlined by popular South Korean DJ SODA, who boasts a following of over 25 million fans and will be providing high-energy performances and a distinctive mix of EDM and electro house music. “The Best Event. Devcon BKK with TBV & BitcoinOS” is set to be the highlight of Devcon Week in Bangkok. The premier event series, hosted by TBV (TB Ventures) and BitcoinOS, offers a unique blend of high-impact networking followed by the signature “Web3 with Tobi & Brent” afterparty experience. Taking place at Portal on November 13th, amidst Bangkok’s bustling nightlife, “The Best Event” is definitely not your traditional tech event. Serving up a unique recipe for celebration and connection, the packed mashup of networking, hackathons, music and high-value deal flows is going to make for some very unique and innovative bedfellows. Headlining the night is the illustrious South Korean DJ SODA, whose exhilarating performances and distinctive blend of EDM and electro house music have amassed a dedicated following of over 25 million fans. Add in nine more high-energy DJ sets and the mix of entrepreneurs, investors, developers, and key opinion leaders, and this social meets sonic meets tech odyssey is primed to emerge as the centerpiece of Devcon Week. Tobias Bauer, General Partner and Co-Founder of TBV shared, “Our Token2049 event was awesome, massive party vibes and an incredible network of industry heavy-weights. The one thing we were missing was a quieter space for ongoing networking across the night so that’s what we’re bringing to Devcon week. A legendary party, a hackathon, party buses, and exclusive networking the whole way through. See you there!” Building the Web3 Community: The Tobi & Brent Phenomenon Since 2024, the “Web3 with Tobi & Brent” brand has become synonymous in the Web3 space with cultivating thriving communities and fostering genuine connections. The dynamic duo has garnered an overall following on Telegram and social media that numbers over 100,000, demonstrating their ability to organically unite VCs, LPs, projects, and industry enthusiasts. During their massively attended MARQUEE event during Token2049 Singapore which was headlined by internationally acclaimed DJ Dillon Francis, Tobi & Brent soft-launched TBV (TB Ventures), a VC fund focused on early-stage web3 startups. Their events arm TBE (TB Events) has now curated “The Best Event. DevCon BKK with TBV & BitcoinOS”, offering yet another distinctive global Web3 rendezvous. “It’s a privilege to host these events and to see the quality of attendees that they draw. I’m proud of what we’ve been able to achieve with our event series, and it’s in huge part thanks to our incredible partners and team. If there’s one event to hit during Devcon week, this one is it,” said Brent Fulfer, General Partner and Co-Founder of TBV. BitcoinOS: The Smart Contract Operating System for Bitcoin The Best Event is also co-hosted by BitcoinOS, an operating system designed to create a unified, interconnected, barrier-free playground for innovation on Bitcoin. Using ZK (zero-knowledge) tech, developers can deploy any VM (virtual machine) to Bitcoin with the scalability of Ethereum, the interoperability of Cosmos, and the speed of Solana. Building the key missing tech that will finally allow Bitcoin’s utility to extend beyond a store of value, the BitcoinOS team’s successful verification of the first ZK proof on Bitcoin mainnet has opened the doors for trustless BTC bridging, and eventually an ecosystem of true Bitcoin rollups. This is the holy grail of Bitcoin scalability which will securely open the doors for over a trillion dollars of liquidity to merge with the Web3 ecosystem. The Best Networking. The Best Time. THE BEST EVENT. Right off DEVCON, the early party vibes will begin aboard the TBV and BOS party buses where buzzing anticipation and free flow drinks, which continue throughout the evening, make for an enjoyable seamless transit to Portal. Upon arrival, guests embark on the next exploration with four unique zones of immersive experiences. From networking over drinks and canapes, to a ‘drunken dev’ hackathon, to an upscale bar with skyline views, the diverse atmospheres offer up ample networking opportunities. As the clock strikes nine, the Portal gates open to general admission, unleashing the torrents of energetic crowds while an all-star lineup of world class DJs take to the main stage. With DJ SODA at the helm, whose high-octane performances and infectious rhythms have captivated fans worldwide, Portal will be transformed into a pulsating epicenter of entertainment. The likes of Jade Rasif, a top Singaporean DJ famed for her high energy EDM sets; established Asian DJ, Nicole Chen, known for her stage presence; Your Crypto DJ, who has played on the same line-up as Don Diablo, Alesso, Dimitri Vegas and Like Mike; DJ Kim Sane, who has performed at the likes of Ultra Europe, and more –– each set, across 2 stages, will provide a unique auditory experience of eclectic styles, ensuring the vibe never drops across the night’s festivities. As the night unfolds, connections with like-minded peers and pioneers from the Web3 community hold the potential to forge relationships that could spark collaborations that extend beyond the event. As a prequel to The Best Event, TBV and BitcoinOS are also hosting a “Meet the VC with Tobi & Brent” on November 12th. This exclusive rendezvous is designed to connect attendees with leading VCs and projects, further supporting the Devcon experience. Hosted and Supported by the Best in Web3 Co-hosted by TBV and BitcoinOS, “The Best Event” is proudly supported by leading Web3 companies, including Petastic, Fideum, Zekret, Vurse, FOMO Ventures, Matterblock, Freename, BoomFi, Biptap, Libera Global, Captain & Company, and BeWater. “The Best Event” is also supported by prominent players in the Web3 PR, media and influencer spaces, such as yourPRstrategist (YPRS), Crypto Banter, Asia Token Fund, Coinstelegram, European Kid, CoinsCapture, MediaX, Arcadia, Cryptopolitan, Coinfea, Key Difference Wire, The Coin Republic, ZEX PR Wire, Trader Brawl Media, and Tiger Mode Media as well as community partners like Unity Labs, Cryptocurrency PH, Crypto World Community, Unikorn, Founders Hub Network, Association Blockchain Asia, AdLunam, Nadmah, All Confs Bot, Clubout and more, which further amplify its reach. With its extensive network and high-profile partnerships, the event stands out as a key highlight of Devcon, attracting industry insiders and enthusiasts alike. Due to the high demand and limited capacity, guests are advised to arrive early, with doors opening at 8:00PM, to ensure entry as this event is first-come, first-served. For more information and to register, visit: https://lu.ma/TheBestEvent-DevCon24 For the latest updates, join the Telegram group: https://t.me/+5KzXYg2cridmOGRl For sponsorships, VIP inquiries or table reservations, contact via email or on Telegram. ____________________ About TB Ventures (TBV) TBV is a venture capital fund investing in early-stage Web3 companies across Southeast Asia and North America. Supported by TBE (TB Events) and TBA (TB Advisory), TBV offers a comprehensive ecosystem and network of services that are underpinned by a 100k+ social following and 10k+ active TG community. X: https://x.com/tbvxyz Linkedin: https://www.linkedin.com/company/tbv-xyz Instagram: https://www.instagram.com/tobiandbrent About TB Events (TBE) TB Events is a premier event series in the Web3 community, bringing together key industry figures for networking and collaboration. With a focus on fostering connections and sharing insights, these events serve as a hub for innovation and growth in the blockchain space. About BitcoinOS BitcoinOS is the ultimate upgrade to Bitcoin. Its breakthroughs in the use of ZK proofs allow it to embed any computation directly into Bitcoin transactions. This allows for a shared infrastructure layer of the first true Bitcoin L2s that feature total L1 security, trustless bridging, scalability, natively private transactions, and fully programmable tokens on Bitcoin.BOS’s modular infrastructure acts as an operating system that creates seamless interoperability among all L2s within the system. As such, BOS fully maintains Bitcoin’s network effects, and establishes a permissionless, peaceful paradigm for the original chain to evolve in layers without ever needing to fork its code. Media Contact [email protected] [email protected] Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Pro traders know that it’s quite a struggle to find a trading platform that addresses their real issues—like slow transactions, high commissions, and a lack of advanced tools. But DTX Exchange (DTX) has hopped onto the crypto stage as the best trading platform with its advanced analysis and trading tools. And that’s exactly why Binance (BNB) and Solana (SOL) users are jumping ships. Continue reading as we discuss the many reasons behind this shift in focus from Binance and Solana to DTX Exchange! DTX Exchange Introduces Industry-Leading Analysis and Trading Tools DTX Exchange is the new talk of the town, particularly among BNB and Solana enthusiasts. That’s because its advanced analysis and trading tools bring the best of traditional and decentralized trading to one place. It is a perfect blend of centralized efficiency and decentralized security. In fact, you should consider DTX Exchange your go-to platform if you are looking for transparency, reliability, and in-depth analytics to inform your trading strategies. One amazing feature is DTX Exchange’s on-chain analytics and trading signals. It brings real-time data and actionable insights to your screen. These tools help traders like you make decisions based on market trends. That means the uncertainties of volatile conditions are reduced. And if you are concerned about liquidity issues, DTX Exchange integrates distributed liquidity pools. This way, DTX Exchange minimizes slippage and creates a smoother experience when buying and selling across various asset classes. As a non-custodial platform, DTX addresses the long-standing issue of asset security by allowing you to retain control of your private keys. So, you get to have no risks commonly associated with centralized exchanges. And with the additional advantage of social and copy trading features, new traders can learn by following and replicating the strategies of the pros on the platform. Binance Burns 1.7 Million Tokens, But BNB Remains Under Pressure BNB recently managed to break past $600. It stirred hope among holders for a climb toward its all-time high. But the optimism was short-lived. After crossing the psychological barrier, BNB quickly corrected and now trades at $579, down 2.15% over the past week. Even Binance’s latest token burn, totaling over 1.7 million BNB—around $1 billion in value—couldn’t stave off the dip. This quarterly burn removed 1.22% of BNB’s supply, yet market forces continue to keep BNB under pressure. While BNB faces a tough road ahead, analysts suggest the next bull cycle is on the horizon and expect BNB to rally past $700 by year-end. Yet, when it comes to profit potential, BNB’s gains might still lag behind opportunities at DTX Exchange, where advanced trading tools and high-growth projections have many investors shifting their gaze. Solana’s Daily Revenue Touches $2.5 Million After Seven Months Solana recently achieved a milestone in daily revenue. The blockchain hit $2.5 million on October 24, 2024—its highest since March, according to Artemis data. This revenue, fueled by gas fees from the blockchain’s increased activity, points to Solana’s continued popularity among users. Following this positive sign, SOL’s price also rallied. The Solana coin broke past $180 on October 29. But the climb didn’t last long; SOL quickly corrected and is currently trading at $169, down 2.35% over the past week. For hopeful holders, the $200 mark remains a distant reality. Market experts predict SOL may close the year around $180 instead. Meanwhile, the DTX Exchange is drawing in some SOL holders with its advanced trading tools. DTX is a superb alternative for those looking for higher returns as Solana’s upward momentum takes a breather. The DTX Presale Raises Over $6 Million! The DTX token improves user engagement on the platform through various utilities. This includes trading fee payments, access to premium features, staking, and even governance. What’s more, holding DTX tokens also unlocks loyalty rewards. Now in Stage 4 at $0.08—a 300% increase from its Stage 1 price of $0.02—the DTX token promises an attractive 50% gain by its launch price of $0.12. This upward trend, alongside strong demand, has driven the presale past $6.6 million as of the present stage. The best part is DTX’s growth potential after its listing. The forecasts hint at a mouth-watering 10,000% price pump right after it lists on major exchanges! Learn more: Buy Presale Visit DTX Website Join The DTX Community 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.

In recent weeks, Binance Coin (BNB) and Sui Network (SUI) investors have faced losses, leading many to buy into IntelMarkets (INTL), a new AI-driven crypto project attracting attention after raising over $2 million in its private presale. IntelMarkets is considered among the top altcoins to buy for those seeking to rebound in the crypto market, especially as it gears up for significant growth in Q1 2025! Real-Time Data, Real Results: BNB Chain Integrates Chainlink for DeFi Success On October 25, 2024, BNB Chain announced the integration of Chainlink Data Streams on opBNB to improve DeFi applications across the BNB ecosystem. As the BNB community continues to expand, high-performance data feeds on opBNB could increase the adoption and effectiveness of DeFi solutions on BNB Chain. Chainlink Data Streams offers high-speed, low-latency data feeds, empowering DeFi applications on BNB Chain with real-time market information. This will improve performance and user experience across the ecosystem. In the last seven days after this development, BNB’s price has dipped by 2%, falling from $594.15 to $577.18 between October 25 and November 1, 2024, analysts predict a rebound for the DeFi coin, as it could hit the $675.09 mark by early 2025. Coinbase Empowers Sui Network: USDC Now Just a Click Away On October 24, 2024, Coinbase announced it has launched USDC deposits and withdrawals on the Sui Network, allowing users to transfer USDC directly to their Sui wallets from Coinbase. This integration provides streamlined access to Sui’s rapidly growing ecosystem. As a DeFi coin, Sui will now benefit from increased liquidity, attracting more developers to build on the network. This move is likely to boost transaction volumes and drive Sui’s growth, placing it as a strong contender among the top altcoins in the crypto market. However, despite this promising integration, SUI’s price has seen a minor decline, slipping from $1.989 to $1.954 between October 24 and November 1, 2024. Yet, market sentiment remains optimistic, with predictions indicating that the DeFi coin could bounce back to reach $2.77 by Q1 2025. AI-Powered Profits: Why INTL a New DeFi coin is the Talk of the Crypto Community As BNB and SUI investors grapple with recent losses, many are turning their attention to IntelMarkets, a new AI coin that has captured the interest of enthusiastic crypto lovers and investors. IntelMarkets’ ongoing presale is improving its reputation as one of the top altcoins available in the crypto market, offering a safe haven amid tough market conditions. The project is gaining traction for several key features, including its dual-chain capability and perpetual trading contracts. The dual-chain feature allows users to choose between the Solana and Ethereum blockchains, promoting cross-chain interaction. At the heart of IntelMarkets are its perpetual trading contracts, which enable traders to control larger positions with a relatively small initial investment. This feature also allows traders to implement various strategies, providing opportunities for higher returns compared to traditional spot trading. Additionally, IntelMarkets offers advanced tools that give users a competitive edge, with one of the most notable being a self-learning robot capable of automating routine tasks for investors. Currently, INTL is in stage 5 of its presale, priced attractively at $0.045. As the presale continues, the DeFi coin is expected to launch at $0.11, with investors anticipating a remarkable 217% ROI. $2 Million and Rising: INTL Sparks Investor Excitement with Huge Presale Success Given the recent negative sentiments surrounding BNB and SUI, investors are becoming increasingly bullish on INTL after it raised over $2 million in its private presale, making it a top DeFi coin to buy. The positive outlook for INTL suggests it could potentially 100x in Q1 2025, driven by active community participation and strong tokenomics. With its current price, it is among the top altcoin opportunities that investors need to look out for. Visit Intel Markets Presale Join The INTL Community 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.

As the United States braces for the outcome of the closely contested presidential election between former President Donald Trump and Vice President Kamala Harris, Bitcoin (BTC) has experienced a price drop, now hovering around the $68,000 mark. BTC Faces Key Support Levels Bitcoin has struggled to surpass its all-time high of $73,700, a level achieved in March following the approval of exchange-traded funds (ETFs) that invest in the cryptocurrency. Despite several attempts to breach this mark, Bitcoin has faced resistance, leading to a current price correction. Should it fail to maintain its position above $68,000, it may revisit the $66,600 support level, with a further drop potentially taking it down to $63,000—an important threshold in the near term. Despite the current price challenges, many analysts maintain a bullish outlook for Bitcoin. Crypto analyst Ali Martinez notes that the days following past US presidential elections have historically shown volatility for Bitcoin; however, the overall trend has remained upward. This analysis suggests that if this pattern holds true in the current election cycle, Bitcoin might retest its previous highs with potential for price discovery above the milestone reached 8 months ago. In addition, Martinez highlights a recent buy signal from the TD Sequential indicator on the 12-hour chart, suggesting that a rebound could be imminent, potentially allowing Bitcoin to challenge the $73,000 resistance level again. Bitcoin To Hit $100,000 Regardless Of Election Outcome Analyst Miles Deutscher on the other hand, asserts that Bitcoin is on a trajectory toward $100,000, regardless of the November 5 election outcome. However, he anticipates that a Trump victory could further elevate Bitcoin’s price ceiling, with speculative targets ranging from $200,000 to $300,000. Deutscher further believes that this bullish sentiment extends to altcoins like Ethereum, which may also benefit from a BTC rally in the last part of the year. The analysis comes as Trump has expressed strong support for the crypto industry, even suggesting the potential use of Bitcoin as a strategic national reserve asset to address the country’s substantial national debt, currently estimated at $35 trillion. Many believe that a Trump administration could bode well for bitcoin’s future growth, with increased adoption and exposure from pension funds and institutions looking to diversify their portfolios, as seen in the current resurgence of Bitcoin ETFs. In contrast, Kamala Harris’s position on cryptocurrency has been less clear. While she has not articulated a robust plan for the digital asset sector, experts predict a shift from the current Biden administration’s regulatory scrutiny led by the US Securities and Exchange Commission (SEC). At the moment, the difference on crypto betting site Polymarket gives Trump a nearly 60% chance of beating Harris in the coming hours. On the other hand, traditional polls show an even race between the two candidates, but with Trump winning every single swing state for the election. Featured image from DALL-E, chart from TradingView.com

Avalanche (AVAX), Ripple (XRP), and BlockDAG are picking up speed, offering thrilling opportunities as the market shifts. Currently trading at $28.80, Avalanche is poised to reach $111.5 by 2024, supported by favorable market trends and a robust $11 billion market cap. Meanwhile, Ripple is navigating an extended legal battle with the SEC, which could continue into 2025, complicating matters but also opening up new chances for XRP with fresh partnerships and products. As these initiatives progress, BlockDAG (BDAG) is proving to be a major player, with its presale about to hit the $111.5 million mark and a remarkable 2100% return since its beginning. Already, over 14.8 billion BDAG coins have been sold in 24 batches, indicating strong interest. BlockDAG’s unique combination of block and DAG technologies offers unmatched speed and security, surpassing networks like Bitcoin and Ethereum. Making early moves in crypto can lead to huge rewards—now is an ideal time to dive in before BlockDAG’s upcoming exchange listings reveal even more potential. Avalanche’s Price Sparks Curiosity Avalanche (AVAX) is fast becoming a key cryptocurrency to watch. It’s currently priced at about $28.80, sparking curiosity about whether it will reach $111.5 by the end of 2024. This speculation is fueled by its solid market performance, with a market capitalization of over $11 billion and 406.6 million tokens in circulation. Despite peaking at $146.22 in November 2021, Avalanche’s recent price trends hint at the potential for another major surge. It’s showing strength as signs of recovery emerge in the altcoin market. Ripple’s Prolonged Legal Battle: A Marathon with the SEC Ripple’s ongoing legal dispute with the SEC is capturing widespread attention, with recent events indicating the battle could last until mid-2025. Ripple has launched a counterattack, filing a cross-appeal to contest the SEC’s claims comprehensively, a move that could reshape U.S. cryptocurrency regulation. This lengthy legal fight has caused market unpredictability, leading to fluctuations in XRP’s price. Despite these challenges, Ripple is determined to counter the SEC’s arguments and push ahead with its strategic initiatives, including the release of its RLUSD stablecoin and the expansion of its international partnerships. BlockDAG Surges Forward: Grab Your Chance with New Bonus Offer BlockDAG is making big waves in the cryptocurrency scene, grabbing attention with its bold steps, including launching a new brand video and a unique bonus code offer. These recent updates showcase BlockDAG’s ambition to top the market, with its presale already reaching an impressive $111.5 million. Utilizing high scalability and the latest technology, BlockDAG is set to challenge giants like Kaspa and Bitcoin, carving out a strong position in the evolving blockchain arena. The excitement around BDAG is unmistakable, with its 170,000-strong community buzzing with excitement on social media and direct channels. Adding to the excitement, BlockDAG has rolled out the BDAG100 bonus code, offering users a one-time 100% bonus, effectively doubling their coins for each dollar they invest. With its mainnet launch and major exchange listings coming up, BlockDAG is fast approaching its ambitious $600 million fundraising goal. BDAG is priced at $0.022 in the 25th presale batch, raising hopes for huge gains. Some experts predict BDAG could skyrocket to $20 by 2027—a potential increase of 20,000 times from its current price. Last Verdict Avalanche, Ripple, and BlockDAG are each advancing significantly. Avalanche is poised for growth with favorable market trends, while Ripple handles complex legal challenges. With 14.8 billion BDAG coins already sold in 24 batches and demand still high, the momentum behind this project is clear. BlockDAG’s modern technology, merging block and DAG models, ensures transactions are faster and more secure. With upcoming exchange listings, now is the perfect time to get involved. Those who act early could see enormous returns as BlockDAG aims to become a top player in the cryptocurrency market. Join BlockDAG Presale Now: Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetwork Discord: https://discord.gg/Q7BxghMVyu 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.

Cartwright, an independent business and specialist pension scheme advisor, urges UK institutional investors to embrace Bitcoin following the nation’s first allocation to a defined benefit (DB) scheme. Cartwright’s New Allocation Strategy In its announcement, Cartwright, specializing in defined benefit and hybrid pension schemes, emphasized the significance of incorporating Bitcoin into retirement plans. The firm recently advised its first scheme on a 3% Bitcoin allocation, which aligns with its long-term investment strategy while prioritizing “robust risk management” at both the asset and scheme levels. Sam Roberts, Cartwright’s director of investment consulting, highlighted the growing trend among trustees to seek new solutions that can future-proof their pension schemes amid economic uncertainties: Roberts underscored that while Bitcoin presents significant potential upside, it also requires careful management of associated risks. “Our approach ensures that schemes can benefit from the significant potential upside while limiting the potential downside,” he explained. Bitcoin In Pension Plans Steve Robinson, Cartwright’s head of investment implementation, elaborated on the operational procedures for Bitcoin investments. He noted that these procedures have been tailored to maximize the security of the asset while enabling swift profit-taking: By combining a secure custodial solution with mechanisms to capitalize on profits quickly, Cartwright aims to make Bitcoin accessible to risk-averse pension schemes. The low minimum investment threshold will reportedly allow a wider range of pension schemes to participate, contrasting with traditional investment ideas that often require substantial capital. The firm said it is also optimistic that this strategic move will inspire other institutional investors in the UK to follow suit and explore the benefits of BTC. Robinson concluded that this approach will provide long-term value to scheme members while reducing the reliance on employer contributions, ultimately enhancing the sustainability of pension funds in an evolving economic landscape. Despite these moves by pension funds worldwide to invest in Bitcoin, the largest cryptocurrency on the market was trading at $67,760 at the time of writing, reflecting the volatility experienced in recent days ahead of the anticipated US presidential election on November 5. Featured image from DALL-E, chart from TradingView.com

Solana trimmed gains and traded below the $172 support zone. SOL price is consolidating and might struggle to recover above the $165 resistance. SOL price started a fresh decline after it struggled near the $175 zone against the US Dollar. The price is now trading below $170 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $162 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a decent upward movement if it stays above the $155 and $150 support levels. Solana Price Extends Losses Solana price struggled to clear the $180 resistance and started a fresh decline like Bitcoin and Ethereum. There was a drop below the $175 and $172 support levels. The bears even pushed the price below $165 and tested the $155 support zone. A low was formed at $155 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $173 swing high to the $155 low. Solana is now trading below $162 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $160 level. The next major resistance is near the $162 level. There is also a key bearish trend line forming with resistance at $162 on the hourly chart of the SOL/USD pair. The main resistance could be $165 or the 50% Fib retracement level of the downward move from the $173 swing high to the $155 low. A successful close above the $165 resistance level could set the pace for another steady increase. The next key resistance is $172. Any more gains might send the price toward the $180 level. More Losses in SOL? If SOL fails to rise above the $165 resistance, it could continue to move down. Initial support on the downside is near the $155 level. The first major support is near the $150 level. A break below the $150 level might send the price toward the $135 zone. If there is a close below the $135 support, the price could decline toward the $124 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $155 and $150. Major Resistance Levels – $162 and $165.

Bitcoin, often influenced by long-term holders’ (LTH) decisions, has witnessed significant selling activity among this investor group over the past week. While the reason behind the long-term holders offloading Bitcoin is not certain, the move appears to have impacted BTC, resulting in the recent correction in its price dropping below the $70,000 price mark. Bitcoin’s Long-Term Holders Begins To Cash Out According to an analysis shared by Crypto analyst Maartunn, long-term holders sold approximately 177,617 BTC within the last seven days. Based on data from IntoTheBlock, this trend shows a pattern in which Bitcoin’s long-term investors tend to reduce their holdings during price increases, a behavior often perceived as a “contrarian indicator” in the crypto market, Maartunn reveals. Typically, these LTHs, who hold Bitcoin with a longer investment horizon, tend to buy during downturns and sell during price upticks. Maartunn pointed out that similar patterns were visible during previous bull markets in 2018, 2021, and 2024, indicating a possible strategic response to Bitcoin’s recent price movement. With Bitcoin’s price recovering and returning to levels above $68,000, the distribution of holdings among long-term investors suggests cautious positioning, even as many anticipate a potential upward continuation. Technical Analysis Indicates Key Levels to Watch for Bitcoin As Bitcoin continues to trade around crucial levels, another prominent analyst, known as CryptoBullet, has shared his outlook on the asset’s recent performance and potential upcoming movements. Despite Bitcoin’s brief dip below the $70,000 mark, CryptoBullet expressed limited concern, noting that the asset has maintained three weekly closes above a major resistance line, which indicates resilience. According to his analysis, although Bitcoin has not swept past the previous high set in March, the current consolidation phase is not necessarily a cause for concern. CryptoBullet further highlighted a few significant price zones, particularly between $65,000 and $66,000, which he considers pivotal for determining Bitcoin’s near-term trend. Should Bitcoin fail to hold at these levels, a drop to the $60,000 to $61,000 range could be expected. However, he remains optimistic about a long-term bullish outcome, suggesting that once these levels are tested, Bitcoin could resume its upward trajectory and eventually reach new all-time highs. Featured image created with DALL-E, Chart from TradingView

XRP price is holding the $0.500 support zone. The price is consolidating and aiming for a fresh increase while Bitcoin is trimming gains. XRP price is eyeing a decent increase above the $0.5100 zone. The price is now trading below $0.5095 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $0.5090 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles above the $0.5135 resistance zone. XRP Price Eyes Upside Break XRP price extended losses below the $0.5000 support zone. The price even declined below $0.4980 before the bulls emerged, but losses were limited compared to Bitcoin and Ethereum. A low was formed at $0.4948 and the price started a fresh increase. There was a move above the $0.4985 and $0.500 resistance levels. It cleared the 50% Fib retracement level of the recent decline from the $0.5137 swing high to the $0.4948 low. The price is now trading below $0.5100 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5065 level or the 61.8% Fib retracement level of the recent decline from the $0.5137 swing high to the $0.4948 low. The first major resistance is near the $0.5090 level. The next key resistance could be $0.5135. A clear move above the $0.5135 resistance might send the price toward the $0.5200 resistance. Any more gains might send the price toward the $0.5250 resistance or even $0.5265 in the near term. The next major hurdle might be $0.5350. Another Decline? If XRP fails to clear the $0.5090 resistance zone, it could start another decline. Initial support on the downside is near the $0.500 level. The next major support is near the $0.4950 level. If there is a downside break and a close below the $0.4950 level, the price might continue to decline toward the $0.4880 support in the near term. The next major support sits near the $0.4740 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now near the 50 level. Major Support Levels – $0.5000 and $0.4950. Major Resistance Levels – $0.5090 and $0.5135.