Zug, Switzerland, October 13th, 2023, Chainwire The Open Network (TON) Foundation has today announced the support of Elliptic, a leading blockchain analysis firm, to provide the network with data intelligence and additional ecosystem security, supporting TON Foundation with its goal of putting crypto in every pocket by building a web3 ecosystem in Telegram. Elliptic will screen all TON wallet addresses and flag those associated with bad actors, helping to prevent the exposure of TON users and projects to these accounts. Elliptic will also promote Toncoin to have it listed on reputable exchanges. This will provide greater visibility and security to the ecosystem as TON Foundation expands the range of on-ramps available for new users to enter TON’s ecosystem and experience true asset ownership. This latest step follows the announcement of TON Foundation’s collaboration with Telegram providing the infrastructure for the messenger’s growing Web3 app ecosystem. TON’s community has grown rapidly over the past year, with the number of registered accounts on TON having grown by 165%. The collaboration will ensure that users across TON’s ecosystem are protected from accounts associated with illicit or malicious activities. About TON Foundation The Open Network Foundation (TON Foundation) is a non-profit organization founded in Switzerland in 2023. TON Foundation is 100% funded by the community, acting in the community’s interests, and supports initiatives aligned with The Open Network’s mission. Learn more at https://ton.foundation. About The Open Network (TON) The Open Network (TON) is putting crypto in every pocket. By building a Web3 ecosystem in Telegram Messenger, TON is giving billions of people the opportunity to own their digital identity, data, and assets. See more at https://ton.org. About Elliptic Elliptic is the global leader in cryptoasset risk management for crypto businesses, governments and financial institutions worldwide. Recognized as a WEF Technology Pioneer and backed by investors including J.P. Morgan, Wells Fargo Strategic Capital, SBI Group, and Santander Innoventures, Elliptic has assessed risk on transactions worth several trillion dollars, uncovering activities related to money laundering, terrorist fundraising, fraud and other financial crimes. Elliptic is headquartered in London with offices in New York, Singapore, and Tokyo. To learn more, visit www.elliptic.co. Contact TON Foundation [email protected]

‘Governments must stop trying to govern AI as a whole and instead focus on regulating use cases,’ says UAE’s AI minister. DUBAI, United Arab Emirates–(BUSINESS WIRE)–The UAE’s AI minister on Wednesday urged countries to come to a consensus on AI governance sooner than it came to the Paris Agreement, which took years to take shape and come into force. His Excellency Omar Al Olama, UAE Minister of State for Artificial Intelligence, Digital Economy & Remote Work Applications, said at the Dubai Assembly for Generative AI that countries need a fresh approach to governing AI. “I think the current global discussion on AI governance is a non-starter. Instead of attempting to govern the technology, we can govern the use cases,” he said. During the assembly – which witnessed over 2000 attendees coming big tech companies and consultancies such as Microsoft, Deloitte, PwC, IBM – Dubai Future Foundation launched the Dubai Generative AI Alliance, a new alliance of tech companies, to help Dubai accelerate the adoption of emerging technologies and build one of the world’s most advanced and effective tech-enabled governments. Khalfan Belhoul, CEO of DFF, called on companies and innovators to join the alliance, which will focus on developing innovative technology pilots by leveraging AI, the metaverse and Web3. The Dubai government also launched ‘Dubai AI’, a generative AI-powered digital city concierge. The city-wide digital platform will offer comprehensive information and services, covering health, business, and education, to residents and visitors. It will transform government services, the assembly heard. The assembly also heard how the global banking sector could benefit by as much as USD 400 billion from the boom in generative AI. The global platform heard from experts from international tech corporations and consultancies. PwC said automation in the workplace is imminent, with generative AI likely to be able to execute everyday tasks, such as booking flights and generating reports autonomously, on a large scale within the next 18-20 months. Deloitte’s leading digital expert said nuclear fusion, climate action and drug discovery will be some of the main beneficiaries of generative AI, while the industrial and pharmaceutical sectors are among those quickest to adapt to the emerging technology. Adel Al Redha, Emirates’ Chief Operating Officer, said by November, the airline will “empower cabin crew to leverage [generative AI] through delivering training on complex models.” Source: AETOSWire Contacts Sara Al Qarout [email protected]

Miami Beach, United States / Florida, October 13th, 2023, Chainwire $Garbage, the world’s first garbage-themed meme coin, is taking the crypto world by storm. With a unique storyline backed by a mutual distaste for the current course of modern affairs, The company hopes that $Garbage will quickly become one of the most popular and talked-about crypto projects in the world. That’s where $Garbage comes in. $Garbage is a meme coin – a movement – powered by a community of people tired of the status quo. $Garbage is all about having fun and exposing the oozing rot increasingly plaguing our global financial system. What To Expect From $Garbage $Garbage brings people together to have fun and flip the money-making world on its head with a custom meme machine and more. $Garbage will be hosting several community events and contests over the next couple of months, with a total grand sum of $100,000 USDT in prizes. This will include weekly $1,000 USDT giveaways, plus $10,000 competitions called “The Oscars” – an epic battle to determine the ultimate meme champion. The team hopes that Like laughter, the $Garbage token will be contagious. With several utility features like staking, contribute2earn, buybacks, and in-game utility – $Garbage is more than just a meme coin. The $Garbage team boasts a 1.4m community on TikTok –perhaps the largest crypto meme channel ever. $Garbage Goes Live This October $Garbage presale will go live this October. To learn more about $Garbage and how to join the movement, interested buyers can visit the website, or on Twitter, Telegram, TikTok, and Instagram. About $Garbage Everything is $Garbage, so we made a token for it. $Garbage was created to share memes and spread good vibes in a world of trash. “Garbage Project” is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Contact CEO Oscar Groucho Garbage [email protected]

Ethereum price is trading at roughly $1,550 after failing to get back above $2,000 throughout the entirety of 2023 thus far. Increasingly higher lows during the year and a horizontal resistance zone had formed an ascending triangle – a potentially bullish chart pattern. This pattern, however, is possibly failing. A busted pattern target could send the price per ETH sub-$1,000. Ethereum Ascending Triangle Begins Breakdown: Target $700 Ethereum put in its bear market low back in June of 2022 while Bitcoin and other coins kept falling through the end of the year. Despite the early lead in a bear market recovery, ETH has underperformed against BTC in 2023. Now it is at risk of falling to a new low with a target of deep below $1,000 if a presumed bullish pattern breaks down instead of up. ETHUSD has been trading in what appears to be a textbook ascending triangle pattern since its 2022 local low. A series of increasingly higher highs has created an upward slowing trend line. A horizontal resistance zone across $2,000 has kept price action at bay. Volume has been trending downward throughout the course of the pattern. Price is at roughly two-thirds to the triangle apex. Ether even had positive news at its back: the launch of the first Ethereum Futures ETFs. Yet it has failed to produce any meaningful upside, and is now trying to move back down causing the bullish pattern to bust. If the pattern does break downward, it would have a target of around $700 per ETH based on the measure rule. Elliott Wave Explained: Golden Fibonacci Extension Targets $300 ETH Although the ascending triangle is considered a bullish chart pattern, it only has a roughly 63% probability of breaking out, per the Encyclopedia of Chart Patterns by Thomas Bulkowski. The remaining 37% of the time break down. But technical analysis is a broad study. An ascending triangle to one trader, could be barrier triangle to another. A barrier triangle is simply an ascending or descending triangle as defined by Elliott Wave Principle. In Elliott Wave Principle, triangles are especially telling. They only appear before the final move in a sequence. Because Elliott Wave labels waves with the trend as 1 through 5, triangles are corrective and appear only in the wave 4 place – just prior to wave 5 which ends the sequence. In a bear market, corrective structures are labeled ABC. Triangles themselves can appear during a B wave, which once again, is ahead of the final move in the ABC count. C wave targets are often found by projecting the 1.618 Fibonacci ratio from the A wave. This makes the target of the busted pattern somewhere around $300 per ETH. Between the measure rule and the Fibonacci extension target, Ethereum could be facing sub-$1,000 prices in the future.

Due to the Relative Strength Index (RSI) being so overbought at 93, caution is warranted. LOOM has gained nearly 24% in the last 24 hours as per data from CMC. The crypto market continues to struggle with major cryptocurrencies trading in red. However, investors have sought solace in the Loom Network (LOOM). The token has had a tremendous price increase, rising by almost 510 percent in the previous 30 days to its current value of $0.26. LOOM has gained nearly 24% in the last 24 hours as per data from CMC. Moreover, it has surged 54% in the last 7 days. Source: CoinMarketCap The optimistic prognosis is confirmed by the rising trend of the Moving Average Convergence Divergence (MACD) indicator. However, due to the Relative Strength Index (RSI) being so overbought at 93, caution is warranted. Stellar Performance According to data compiled by market intelligence platform Santiment, the recent price increase of LOOM has captured the attention of the cryptocurrency community at large. Crypto FOMO (Fear of Missing Out) traders have noticed the recent price increase in LOOM, especially because they have suffered significant losses in most altcoins. The current price of LOOM is a significant technical test of a key support and resistance level. This test might signal the start of a downward trend or a continuation of the current rising trend towards the all-time high at $0.69. When other cryptocurrencies are experiencing market volatility, LOOM’s stellar performance stands out as a ray of light for investors looking for chances outside of the norm. At present the nearest support level stands at $0.17. Sustaining prices above this level might ensure the rise remains intact and entice new buyers. Highlighted Crypto News Today: Bitcoin Price Continues to Struggle as Bearish Sentiment Looms

Flare, a data-focused blockchain, has said that it would burn 2.1 billion FLR tokens to promote ecosystem health. A permanent removal of more than 2% of FLR’s whole supply would prevent the dilution of community token holdings and boost the incentives for new users to join the network. Early supporters of Flare received the portion of tokens that are set to be burnt. After Flare and these parties established an understanding about how the first Flare Improvement Proposal, FIP.01, should impact token distributions to equity owners, these tokens will no longer be delivered. A total of 198,880,170.19 FLR will be burnt right now, and another 66,293,390.06 FLR will be burned each month until the FlareDrop procedure is finished in January 2026. Backers will now only get a portion of their initial allotment due to the multi-year burn. The supporters received these remaining tokens earlier this week. The community allocation will increase from 58.3% to 59.6% in Flare’s network tokenomics to reflect the adjustments. 94% of the Flare community voted in favor of FIP.01 in January. The notion was created to encourage broader network engagement from connected communities and to open up access to token distribution. All Wrapped FLR holders will split the 24.2B tokens that were allotted to the public token distribution when FIP.01 was approved over the course of 36 monthly FlareDrops over a three-year period. On October 13, the eighth FlareDrop will be ready for claim. Seven FlareDrops have already been carried out.

FLOKI coin surges 8% in the past 24 hours. Mysterious “17.10.2023” post teases big FLOKI announcements. FLOKI, the meme coin sensation, is creating a buzz with its remarkable surge and an intriguing announcement that has the community abuzz. Over the past 24 hours, FLOKI has soared by 8%. And The FLOKI team recently shared a cryptic post with the date “17.10.2023,” which immediately garnered a lot of attention. Insiders have hinted at a series of exciting announcements scheduled to kick off on October 17th. Notably, the mysterious post tagged “FlokiFi,” which is a suite of decentralised finance products launching under the Floki brand. Moreover, Floktober has been a trending topic within the FLOKI community throughout the month. Historically, October has proven to be a hotbed for FLOKI’s price surges, with a notable example being the impressive bull run on October 27, 2021. On that day, FLOKI surged from $0.00005621 to $0.0002683, eventually reaching its all-time high (ATH) on November 4, 2021, at $0.0003437. In tandem with these developments, FLOKI’s trading volume has skyrocketed by 186% in the past 24 hours, reaching an impressive $19 million. Meanwhile taking a closer look at FLOKI’s current price movements, it appears to be a battle between bears and bulls. The 9-day exponential moving average (EMA) has dipped below the current trading price, settling at $0.00001751. Additionally, the daily relative strength index (RSI) stands at 54, indicating that the asset is currently in a neutral state.

Bulls pushed back and momentarily halted the increasing selling pressure impacting Cardano, Solana, and Ethereum. The altcoin market has been stabilizing over the last day, but fresh data points to potential issues in the short term. As of this writing, Cardano (ADA) trades at $0.23 with sideways movement in the past day. Solana and Ethereum recorded similar price action over this period, but these assets have been slowly bleeding into support on the weekly chart. Cardano, Solana, And Altcoins Could Get Hit Data shared by the Co-Founders of crypto analysis firm Glassnode via social media platform X indicates a rise in Bitcoin Dominance (BTC.D). The metric was slowly trending to the downside, but it found some support yesterday and could be poised to regain previously lost territory. The metric measures the percentage of the total crypto market capitalization comprised of Bitcoin. In addition, whenever BTC.D reaches a certain point, it often leads to mini altcoin bull or bear markets. The metric could hint at further losses for Cardano, Solana, and other tokens in the current scenario. The Glassnode Co-Founders stated: As seen in the chart below, the Bitcoin Altcoin Cycle chart is moving closer to a “Bitcoin Season,” as indicated by the blue line. As Bitcoin Dominance trends upwards into the 50% territory, altcoins will likely keep seeing losses in the short time frame. However, the Bitcoin Altcoin Cycle chart shows that the BTC.D stands at a critical zone. The metric has bounced back into the Altcoin Season Territory in the past. In particular, Cardano, Solana, XRP, Ethereum, and other altcoins enjoyed a substantial rally in July. If Bitcoin can’t produce a catalyzer, something to push it above the 50% area in dominance, then Altcoins can see some profits. Ethereum could potentially hold the key to propel altcoins into a hot season. On this cryptocurrency’s price action, the Glassnode co-founder stated: Cover image from Unsplash, chart from Tradingview

Amidst waves of volatility in the crypto market, the Shiba Inu price seems to be stabilizing. Meanwhile, Lucie, the marketing manager of Shiba Inu, provided important insights into the upcoming developments when she revealed the roadmap for the anticipated “journey”. The Upcoming “Shibarium Journey” In her most recent tweet, Lucie expressed the magnitude of the upcoming Shibarium journey. She stated, “Embarking on the Shibarium journey is a big task that demands a lot of time and commitment. Our goal is to create outstanding decentralized applications (dApps) that people will love and use.” Elaborating on the roadmap, Lucie delved into the multifaceted strategy Shiba Inu plans to deploy. She highlighted the significant plans in store for the development of the project’s tokens, SHIB, BONE, and LEASH. Lucie underscored the goal to ensure that these tokens are “not only valuable but also have a strong utility within our ecosystem.” Such enhancements are hoped to draw in more users and investors, thereby amplifying benefits for the Shiba community. On the topic of decentralized applications, Lucie emphasized their focus on creating “exceptional dApps that will revolutionize the decentralized world.” According to her, the forthcoming dApps will be fashioned to be user-centric, innovative, and meet the demands of the community. Lucie also touched upon the virtual realms the team is concentrating on: the Shiboshi NFTs and the SHIB Metaverse. She believes these virtual environments will “serve as vibrant hubs for our community to connect, interact, and explore.” By shaping immersive and captivating online spaces, Lucie anticipates fostering a profound sense of community. Lucie wrapped up her tweet affirming the commitment to Shibarium’s growth as an L2 solution, stating, “Our steadfast commitment to building Shibarium as a successful L2 solution remains unshakable.” She championed the collaborative and innovative ethos that forms the foundation for the tokens and the burgeoning Shibarium ecosystem, saying: However, not all members of the SHIB community are on board with the project’s current trajectory. A notable tweet from @a_king_li read: “@ShytoshiKusama: L2 has been released for two months now, and there are no major projects, no good ecosystem or trustworthy swap. As a responsible official, should we release some official cooperative ecosystems or swap, so that funds can come in with peace of mind.” The concerns primarily arise from the absence of any major dApp on Shibarium, as touched on by Lucie. Notable projects like ShibaSwap and the Metaverse are yet to be operational on Shibarium. Furthermore, there’s a noted decline in Shibarium’s user and transaction statistics. After an initial hype with over 200,000 transactions daily post-launch, recent numbers hover above a mere 10,000 transactions per day. Shiba Inu Price Stabilizes The stagnation in Shibarium’s development may be a contributing factor to the dissatisfaction of some community members, as well as SHIB’s recent price action. As detailed in our last in-depth analysis, the SHIB price currently treads on decisive technical grounds, influenced by two significant chart patterns. On the 1-week chart, SHIB showcases a promising quadruple bottom formation, indicating a potential bullish surge of up to 250% if realized. Contrarily, a descending triangle pattern, which has evolved over 60 weeks, suggests a bearish downturn. This is highlighted as SHIB’s price, currently at $0.00000682, has dropped below the descending triangle’s crucial neckline of $0.00000715. For now, SHIB has stabilized and recovered slightly, having already fallen to $0.00000671 yesterday. Hope also comes from previous instances, such as the dip in June followed by a 59% rally, suggesting the potential for swift recoveries. However, for this to happen, SHIB needs to record a weekly close above the $0.00000715 this week or next week. This might cement the bullish quadruple bottom trajectory. In case the scenario does not play out, SHIB could fall again towards the yearly low at $0.000006.

The price has been facing severe selling pressure after failing to go past the $28,000 area. If the price breaks below $26,650, then it will likely head towards the $26,000 mark. Glassnode reports that over the previous two days, Binance has received Bitcoin worth over $300 million. There were two major inflows marking this surge: over $200 million went to the exchange on October 11, and another of $120 million on October 12. The majority of these transactions are in the $1 million to $10 million range, indicating the involvement of ‘whales’ or large-scale investors. Bitcoin’s price has halted its precipitous decline, but it is still struggling and is hovering below $27,000. The altcoins are likewise struggling with the recent price drops being quite harsh on most of them. BTC price showed momentum at the start of the month, but its recent failure to break beyond $28,000 has acted as a negative stimulus for subsequent price moves. High Volatility Expected Recent responses in the crypto industry have been sparked by the Consumer Price Index (CPI) statistics yesterday, leading BTC to drop by 3%. In the meanwhile, the fate of Bitcoin’s short-term price trend hangs in the balance as investors await the SEC’s evaluation on the ETF appeal. Source: CoinMarketCap At the time of writing, BTC is trading at $26,770, up 0.26% in the last 24 hours as per data from CMC. Moreover, the trading volume is down 26.46%. The price has been facing severe selling pressure after failing to go past the $28,000 mark. If the price breaks below $26,650 support level, then it will likely head towards the $26,000 mark. Further decline will likely see price testing $25,200 key support area. If the bulls can drive the price above $27,400 level then a fresh rally towards $28,000 is on the cards.

As the bear market continues to linger, analysts have weighed in on the decline of the flagship cryptocurrency, Bitcoin, and the crypto market, by extension. This time, another crypto analyst has explained what is influencing Bitcoin’s price decline. Factors Causing BTC’s Decline Bitcoin notably dropped below the $27,000 level on October 12. Addressing this decline in a recent episode on the ‘Cheeky Crypto’ YouTube channel, Crypto analyst Nick noted that there wasn’t much going on in the news and the only thing that could have affected Bitcoin’s drop was the US inflation data, which was recently released with the CPI rising higher than expected. He then analyzed key on-chain metrics that could have affected Bitcoin’s price. According to data he pulled up from Cheeky Crypto’s site, there were 903,210 active addresses in the last twenty-four hours (he released the video on October 12). The data also showed that 610,686 active addresses received Bitcoin during that period, and 560,331 active addresses sent Bitcoin during the same time frame, amounting to 265,000 transactions. What was, however, more interesting was the fact that only 23 million addresses held BTC out of the total 48.7 million addresses in existence. He stated that these figures were important to give an insight into Bitcoin’s adoption rate as one could easily assume that almost all the Bitcoin addresses in existence held BTC. Meanwhile, less than half actually did. More Selling Pressure For Bitcoin As to another factor that could be causing the decline, he noted that retail investors had been selling in the past few days. However, the silver lining, as Nick highlighted, is that this selloff suggests that institutional investors are accumulating once more, considering that they had once dumped their tokens on these retail investors. Additionally, 108 wallets hold over 10,000 BTC. These wallets, which Nick labeled as the “master manipulators” of BTC’s price, are also experiencing a similar sell-off trend as these wallets are down 8.47% in the last 180 days, which suggests that they are “aggressively” selling off. From the chart he shared, one could see that the trend dates back to April 2023 (the peak of accumulation by these wallets) as they have begun to cool off and dump some of their holdings on the market. His analysis suggests that there could be a bigger picture regarding Bitcoin’s decline rather than any immediate factor. Despite this decline and the amount of liquidations that have occurred, Nick is still optimistic that Bitcoin could end this month in the green. October is reported to be one of the best-performing months for Bitcoin, with the crypto token ending October in the green for the last five years.

THORChain (RUNE) has surged by 11.5% in the last 24 hours and 15.6% over the past month. THORChain’s price could potentially reach the $1.97 level. In the midst of recent market turbulence, THORChain (RUNE) has captured the attention of crypto enthusiasts with a significant rally. The altcoin’s journey to recovery has seen it surge by an impressive 11.5% over the last 24 hours and 15.6% over the past month. Meanwhile, Bitcoin (BTC) and Ethereum (ETH) have struggled to maintain gains, showing red in their daily performances. Following a quick correction after surging to an intra-day high of $2.04 on October 6, THORChain found strong support at the $1.33 level. This price action resulted in a new trading range for RUNE, with upper and lower bounds established at $1.72 and $1.39, respectively. Analyzing THORChain (RUNE) 24-H Price Changes On October 12th, RUNE experienced a 24% price drop, sliding from $1.94 to $1.47. However, the crypto asset not only recovered swiftly but also managed to surpass its previous high-water mark. According to the daily price chart, if current market dynamics persist, THORChain’s price may have the potential to peak at around $1.97 or even extend further to $2.23. On the flip side, if bearish sentiment reemerges, THORChain’s price could experience a decline, with potential support levels around $1.52 and even further down to $1.358. The Relative Strength Index (RSI) is still in the oversold territory, indicating potential for further gains. The RSI is a technical indicator used to assess the momentum of an asset, and an oversold condition often suggests that there may be more room for an upward price move. THORChain (RUNE) Price Chart (Source: CoinMarketCap) At the time of writing, THORChain is actively trading at $1.71, boasting a substantial daily trading volume of $111 million. This surge represents a 95.88% increase in trading activity over the past 24 hours, indicating a mounting enthusiasm among investors for the prospects of RUNE.

Ethereum (ETH) hits a 7-month low of $1528. Standard Chartered predicts ETH will reach $8000 by 2026. Ethereum, the second-largest cryptocurrency by market capitalization, recently reached a seven-month low at $1,528. In the past three months, ETH has been under intense bearish pressure, leading to a sustained downward trend. Despite a brief attempt by bulls to push the price above the $1,750 resistance level in early October, the momentum proved to be short-lived. Currently, ETH is trading at $1,543, reflecting a 2% decline over the past 24 hours. During the same timeframe, trading volume has seen a modest 5% increase, reaching $5 billion. The recent weakness in ETH can be attributed to multiple factors. The ongoing conflict in the Middle East, where Hamas launched a surprise attack on southern Israeli towns, has impacted the overall crypto market sentiment. And the September FOMC meeting held on October 11 has added to the uncertainty. Meanwhile, in terms of social media activity, crypto data aggregator Santiment reports an increased level of Ethereum discussions on various platforms such as X, Discord, Telegram, Reddit, and 4chan since late September. There has also been a spike in age consumed, indicating that previously dormant ETH has been on the move. This heightened social dominance is likely due to the bearish price performance. On an optimistic note, Standard Chartered, a British multinational bank, has expressed a bullish outlook for Ethereum. The bank predicts that the altcoin could reach $8,000 by 2026, representing a substantial 400% increase from its current value. Geoff Kendrick, who leads FX and Digital Assets Research at the firm, further stated, “We think the path higher for ETH prices may take longer than for BTC, but we see ETH eventually reaching a higher price multiple than BTC relative to current levels (5.0x versus 3.5x).” A Bearish Reversal Ahead? A closer analysis of Ethereum’s current price movements indicates a bearish trend. The 50-day exponential moving average (EMA) has risen above the current trading price, settling at $1,643. Additionally, the daily relative strength index (RSI) stands at 35, signaling that Ethereum is approaching oversold territory. ETH Price Chart, Source: TradingView With the support level at $1,585 already breached, the next potential testing point is $1,435. A further decline may see the price test the $1,140 support area. On the other hand, if bulls manage to drive the price above the $1,645 resistance level, a potential rally toward $1,735 could be on the cards.

The cryptocurrency landscape is once again rife with speculation as Bitcoin traverses its current fourth halving cycle. Amidst varied predictions, renowned crypto analyst CryptoCon’s insights, grounded in the Gann Square methodology, the November 28 Halving Cycles theory, and the 5.3 Diminishing Returns theory have garnered significant attention. CryptoCon remarked via X (formerly Twitter) today, “The Gann Square predicts either $89,000 or $135,000 for the Bitcoin top this cycle.” He emphasized the accuracy of the Gann Square theory during previous cycles, pointing out its precision in predicting the cycle tops. Will Bitcoin Price Reach $135,000? According to the analyst, by leveraging the “blue 2×1 fan as the fair value line and drawing the end at Nov 28th (Halving Cycles Theory),” the Gann Square successfully pinpointed the tops of cycles 1 and 3 at the fourth level. However, the second cycle diverged, settling slightly above the fifth level. This sets the stage for two potential outcomes in the ongoing fourth cycle, with the $135,000 prediction aligning with both CryptoCon’s November 28th price model and his Trend Pattern price model. Conversely, the $89,000 figure is aligning with the 5.3 diminishing returns theory. Historical data further adds depth to this analysis. Bitcoin’s inaugural cycle, spanning 2010-2014, saw it catapult from a minuscule value to a peak of $1,177. The subsequent 2015-2018 cycle commenced at $250, witnessing an unprecedented climb to $20,000 by its close. The journey from 2018-2022 manifested Bitcoin’s resilience as it surged from sub-$6,000 levels to a commendable $68,800. Delving into the intricacies of the Gann Square’s “Fan” Lines offers more clarity. The “2×1 Fan” line, represented in blue, plots a trend angle where the price progression is double that of time. Traditionally, when the Bitcoin price is close to this line, it indicates a “fair value”. In its 13-year history, Bitcoin has only extremely rarely fallen below the line, most recently in late 2022 following the collapse of FTX, then the second largest crypto exchange, and during the Covid crash in March 2020. The “1×1 Fan” line, depicted in green, portrays a market in equilibrium with prices increasing in tandem with time. Historically, Bitcoin’s price peaked near this line during the parabolic run-up in the second and third cycles, providing the theoretical basis for the $135,000 prediction. The Diminishing Returns Theory: Only Sub-$90,000? In a subsequent post, CryptoCon further explained the $89,600 target. He stated that “$90k is slightly above the 5.3 diminishing returns theory.” According to the theory, Bitcoin’s returns diminish by a factor of 5.3x from the bottom to the top of each cycle, suggesting the next cycle’s peak might be around $77,000. CryptoCon remarked, “After measuring returns from cycle bottoms to tops on the daily time frame as precisely as possible, the returns from cycle tops to bottoms are not 5.3. They are as follows: 5.34x, 4.96x, and 5.63x.” Diving deeper, CryptoCon pointed out, “There is merit to the 5.3, as the average of these numbers is 5.31. However, we cannot say for sure that this will be the returns if this is just an average.” Highlighting the potential peaks based on past cycles, he commented on the more grounded numbers. “The real numbers so far range from the lowest cycle top of $73,522 to the highest at $81,675 with an average cycle top of $77,122.” Discussing the possibilities of Bitcoin hitting a much-anticipated $100,000 mark, CryptoCon explained, “$100,000 would mean a 3.84x diminish, implying Bitcoin would need to exhibit a drastically lower diminishing return rate this cycle.” Drawing attention to Bitcoin’s historical relationship with Fibonacci extensions, he stated, “Bitcoin has consistently hit a Fibonacci extension level at each cycle top. If $77,000 is the anticipated target, this would be a deviation. The cycles have previously matched Fibonacci extensions of 58.764, 19.764, and 3.618. For this cycle, the lowest Fibonacci extension measured from weekly candle bodies is the 1.618, suggesting a price of $104,000 which corresponds to a 3.7x diminish from the last cycle.” CryptoCon concluded by inviting speculations on whether external factors, such as the approval of spot Bitcoin ETFs, could provide the necessary momentum to shift these models. “Many believe that ETFs will have the strength to disrupt these models and predictions. Returns are evidently diminishing, but is the 5.31x ($77,122) average return going to be this cycle’s peak?” At press time, BTC traded at $26,906.

Alpaca Surpasses 150 Businesses Launching on its Brokerage Platform and Prepares for Accelerated Growth With Strategic Partners For Each Key Region SAN MATEO, Calif.–(BUSINESS WIRE)–#API—Alpaca, a global brokerage platform for stock and crypto trading that supports launches of hundreds of investing businesses worldwide, today announced a new strategic partnership with SBI Group (“SBI”), a Japan-based financial services group that has the largest online broker (the second largest brokerage firm) in Japan by revenue and has more than 400 billion yen assets under management for VC/PE investments. This partnership allows Alpaca to accelerate its expansion of businesses and extend its reach to enterprise financial institutions for the clearing and execution of US securities in Asia. As part of the new partnership, SBI has made a USD15 million investment in Alpaca. Additionally, SBI has agreed with Alpaca to make respective commitments to drive Alpaca’s future growth through collaborative business development efforts and introducing innovative products. Alpaca continues to provide resources dedicated to expanding its Asian business through a recently acquired broker-dealer license under the Japan FSA. Through this license in Japan, Alpaca can provide brokerage infrastructure for enterprise financial institutions and startups to easily offer US stock investing services to their end customers. “We are thrilled to welcome SBI as our strategic partner and to deepen our footprint within the Asian region,” said Yoshi Yokokawa, Co-founder and CEO of Alpaca. “This partnership will significantly accelerate our mission of opening financial services to everyone on the planet. SBI’s strategic partner capital enables us to significantly increase our presence in the Asian region, accelerate serving enterprise financial institutions, and launch products and services optimized for local demands. We’re very excited to unlock this tremendous potential.” “Our investment in Alpaca directly aligns with our strategic vision to show our commitment to accelerate new product innovation and value creation for end customers,” said Shohei Yamada, Deputy General Manager of SBI Investment. “We are amazed by the growth and innovation velocity that Alpaca has shown and are excited to support their even further expansion in the Asian region.” In addition to Alpaca’s growth in Japan, Alpaca’s brokerage platform supports hundreds of businesses in close to 30 different countries such as Turkey, Saudi Arabia, Indonesia, Thailand, and India. Alpaca has raised more than US$120 million in funding from top investors in the industry globally. About Alpaca Alpaca is a developer-first API brokerage platform that supports hundreds of businesses globally. Alpaca offers stock and crypto trading, real-time market data, and end-to-end brokerage infrastructure through modern APIs. Alpaca has raised over $120m in funding and is backed by top investors in the industry globally, including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Eldridge, Positive Sum, Elefund, and Y Combinator. About SBI Group Established in 1999 as a pioneer of Internet-based financial services in Japan, the SBI Group is a comprehensive Internet financial group that operates globally, encompassing five core businesses: “Financial Services Business,” such as securities, banking and insurance businesses; “Investment Business,” which is engaged in private equity investment including venture capital investment; “Asset Management Business,” that provides various asset management related services; “Crypto-asset Business,” which operates crypto asset trading and exchange services; and “Non-financial Business,” which includes business activities related to biotechnology, healthcare and medical informatics, Web3, and new overseas markets. For more information, please visit https://www.sbigroup.co.jp/english/ Contacts [email protected] Alpaca Marketing Team

tZERO ATS to add Investment Banking business lines to complement its market-leading secondary liquidity offerings on October 20 SALT LAKE CITY–(BUSINESS WIRE)–tZERO Group Inc., a leader in technology solutions for capital markets, is pleased to announce that its broker dealer subsidiary, tZERO ATS, will add investment banking business lines to its existing platform. In parallel, tZERO ATS will change its name to tZERO Securities to better reflect the breadth of services it makes available to its customers. These changes add the business that was previously provided by tZERO Markets and optimize the workstreams for issuers and investors alike as the firm continues to gain market share in its primary issuance and secondary trading business units, as well as introduce greater operational efficiency. The change will become effective on October 20. “The consolidation of services to one entity will result in a more cohesive platform for customers to seamlessly participate across business lines,” said David Goone, CEO, tZERO Group. “tZERO Securities brand reflects the broad scope of our offerings and our market-leading position.” tZERO Securities will continue to operate its ATS secondary trading business and self-clearing operations in addition to its new Investment Banking and Private Placement business lines providing users with a single platform for all of their investing needs. tZERO Group, the parent company of tZERO Securities, will continue to operate its current activities as a holding company and leading provider of technology and tokenization services for the capital markets industry. About tZERO tZERO Group, Inc. (tZERO) and its broker-dealer subsidiaries provide an innovative liquidity platform for private companies and assets. We offer institutional-grade solutions for issuers looking to digitize their capital table through blockchain technology, and trade on a regulated alternative trading system. tZERO, through its broker-dealer subsidiaries, democratizes access to private assets by providing a simple, automated, and efficient trading venue to broker-dealers, institutions, and investors. For more information on tZERO, please visit https://www.tzero.com/. About tZERO ATS tZERO ATS, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. More information about tZERO ATS may be found at https://brokercheck.finra.org/. About tZERO Markets tZERO Markets, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. More information about tZERO Markets may be found at https://brokercheck.finra.org/. Investor Notice Investors should note that trading securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, no assurance of liquidity, which could impact the price and ability to sell, and possible loss of principal invested. Further, an investment in single security could mean lack of diversification and, consequently, higher risk. No Offer, Solicitation, Investment Advice or Recommendations This release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by tZERO or any of its affiliates, subsidiaries, officers, directors or employees. No reference to any specific security constitutes a recommendation to buy, sell, or hold that security or any other security. Nothing in this release shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this release constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed in this release should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this release, we have not taken into account the investment needs, objectives, and financial circumstances of any particular investor. This information has no regard to the specific investment objectives, financial situation, and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors. Any views expressed in this release by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change. All information is subject to possible corrections. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances. Forward-Looking Statements This release contains forward-looking statements. In addition, from time to time, tZERO, its subsidiaries, or its representatives may make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections about future events, which is derived from currently available information. Such forward-looking statements relate to future events or future performance, including financial performance and projections; growth in revenue and earnings; and business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including, without limitation: the ability of tZERO and its subsidiaries to change the direction; tZERO’s ability to keep pace with new technology and changing market needs; performance of individual transactions; regulatory developments and matters; and competition. These and other factors may cause actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this release and other statements made from time to time by tZERO, its subsidiaries or their respective representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions. tZERO, its subsidiaries, and its representatives are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this release and other statements made from time to time by tZERO, its subsidiaries or its representatives might not occur. Contacts tZERO Anastasiia Litvinova [email protected]

Solana is correcting gains from the $25 resistance against the US Dollar. SOL price could accelerate lower if there is a break below the $21 support. SOL price started a fresh decline after it failed to clear the $25 resistance against the US Dollar. The price is now trading below $22.00 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $22.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could break the $21 support and accelerate lower toward $18.80. Solana Price Visits Key Support After a steady increase, Solana struggled to clear the $25 resistance zone. SOL formed a high at $24.77 and recently started a fresh decline. There was a move below the $24.00 and $23.50 levels. The bears pushed the price below the 50% Fib retracement level of the upward move from the $18.75 swing low to the $24.77 high. There is also a key bearish trend line forming with resistance near $22.00 on the 4-hour chart of the SOL/USD pair. SOL is now trading below $22.00 and the 100 simple moving average (4 hours). It is also showing bearish signs below $22, like Bitcoin and Ethereum. However, the bulls are now protecting the $21.00 support. It is near the 61.8% Fib retracement level of the upward move from the $18.75 swing low to the $24.77 high. On the upside, immediate resistance is near the $22.00 level and the trend line. Source: SOLUSD on TradingView.com The first major resistance is near the $22.50 level. A clear move above the $22.50 resistance might send the price toward the $23.50 resistance. The next key resistance is near $24.00. Any more gains might send the price toward the $25.00 level. More Losses in SOL? If SOL fails to recover above the $22.00 resistance, it could continue to move down. Initial support on the downside is near the $21.00 level. The first major support is near the $20.30 level. If there is a close below the $20.00 support, the price could decline toward the $20.00 support. In the stated case, there is a risk of more downsides toward the $18.80 support in the near term. Technical Indicators 4-Hours MACD – The MACD for SOL/USD is gaining pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $21.00, and $20.30. Major Resistance Levels – $22.00, $22.50, and $24.00.

Ethereum price is moving lower toward the $1,500 support against the US dollar. ETH could correct higher, but upsides might be limited above $1,565. Ethereum is struggling to start a recovery above $1,550. The price is trading below $1,565 and the 100-hourly Simple Moving Average. There are two bearish trend lines forming with resistance near $1,555 and $1,570 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher, but the bears might remain active near $1,565. Ethereum Price Extends Losses Ethereum remained in a bearish zone below the $1,580 resistance zone. ETH failed to stay above the key $1,550 support and extended its decline, unlike Bitcoin. The price traded to a new weekly low at $1,521. It seems like the price is slowly moving lower after it settled below $1,600. There are also two bearish trend lines forming with resistance near $1,555 and $1,570 on the hourly chart of ETH/USD. Ethereum is now trading below $1,565 and the 100-hourly Simple Moving Average. There was a minor increase above the 23.6% Fib retracement level of the recent decline from the $1,595 swing high to the $1,521 low. On the upside, the price might face resistance near the $1,555 level and the first trend line. The first major resistance is near the second trend line, $1,565, and the 100-hourly Simple Moving Average. It is close to the 61.8% Fib retracement level of the recent decline from the $1,595 swing high to the $1,521 low. Source: ETHUSD on TradingView.com A clear move above the $1,570 resistance might send the price toward the key resistance at $1,600. In the stated case, Ether could rise and recover toward the $1,665 resistance. Any more gains might open the doors for a move toward $1,750. More Losses in ETH? If Ethereum fails to clear the $1,565 resistance, it could continue to move down. Initial support on the downside is near the $1,520 level. The next key support is $1,500. A downside break below the $1,500 support might send the price further lower. In the stated case, the price could drop toward the $1,440 level. Any more losses may perhaps send Ether toward the $1,420 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,500 Major Resistance Level – $1,565

Utilizing CMC’s statistical analysis, CoinMarketCap Research seeks to provide distinctive insights into the cryptocurrency industry. It wants to work with other influential voices in the sector to build a community where individuals can learn about and share their admiration for cryptocurrencies. The latest “According to CMC” report, which covers the market overview, major events, future topics, and much more, has recently been issued by CoinMarketCap, by far the most widely used crypto data platform in the world. Important Highlights from the Q3 report: The trading volume reaches a record-low level. In Q3, the top 15 centralized exchanges’ combined spot trading volume fell by additional 30.59%. Memes continue to be the most popular sector, following a pattern from Q2 2023. However, once the memecoin buzz subsided, its dominance dropped by an average of 53%. PEPE has been replaced on the Top 10 Most Added To Watch list In Q3 2023 list by ChainGPT (CGPT). Blockchain analytics and the creation of smart contracts are two AI functions offered by CGPT. One of the top hot topics in Q3 2023 is the Telegram bots sector, which is primarily dominated by trading-focused Unibot (UNIBOT). Germany has surpassed Turkey to be among the top three nations in CMC users. India and the US both maintained their respective top spots. Diving Deeper Real world assets (RWAs), the success of Base and other top L2s, and the better implementation examples of SocialFi are three factors that have contributed to the market’s strong growth story in Q3 compared to Q2. Trade volume has dropped to a historically low level, and the market has insufficient liquidity. With regard to market cap growth, the RWA, Generative AI, Oracles, Media, and Lending/Borrowing sectors all had favorable increases in Q3. Additionally, there has been significant expansion in other popular areas like Base Ecosystem and Telegram Bots. The top 3 most popular areas on CMC continue to be Meme, DeFi, and Smart Contracts. According to the amount of pageviews, these communities are still engaged in the top currencies in these fields. Oracles, RWA, the Telegram ecosystem, interoperability, cross-chain liquidity, and decentralized stablecoin are the top gainers in Q3. In the third quarter, the entire market capitalization of cryptocurrencies fell by 8.56% to $1.07 trillion USD, although it is still up 34.95% year to date. The market’s increase this quarter has been driven by a few things. When compared to Q2, the cryptocurrency industry had tremendous growth in Q3 2023. The CMC Crypto Fear and Greed Index fell from 60 to 42 in Q3 as market sentiment shifted towards fear. DeFi finished third, moving down one spot from Q2. The $61M Curve attack, which put creator Egorov’s CRV loans at danger, was only one of several occurrences in Q3 that employed well-established DeFi protocols. The top cryptocurrencies that CMC users added to their watchlists the most in Q2 are still the blue-chip cryptocurrencies like Bitcoin, Ethereum, and XRP. In Q3, the pattern persisted: USDT continued to dominate the stablecoin market, ousting USDC and BUSD. Since 2022, the amount of transactions on the stablecoin market has already topped that of Paypal and Mastercard put together. The success of Friend.tech started a trend that resulted in the establishment of comparable platforms on several blockchains, indicating a promising beginning for the SocialFi industry. More detailed information and data are included in the report, giving readers an easy-to-understand snapshot of Q3 2023.

Bitcoin price is consolidating above the $26,550 level. BTC could correct higher, but upsides might be capped near the $27,400 and $27,500 resistance levels. Bitcoin is finding bids near the $26,550 level. The price is trading below $27,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $26,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but the bears might remain active near the $27,500 zone. Bitcoin Price Holds Support Bitcoin price started a fresh decline from the $27,500 resistance. BTC traded below the $27,000 level to enter a bearish zone. Finally, the bulls appeared above the $26,500 support. The price remained well-bid near the $26,550 level. The bears made two attempts to push the price below $26,550, but they failed. A low is formed near $26,551 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $28,285 swing high to the $26,551 low. Bitcoin is now trading below $27,200 and the 100 hourly Simple moving average. There is also a key bearish trend line forming with resistance near $26,200 on the hourly chart of the BTC/USD pair. Immediate resistance is near the $26,950 level. The first major resistance is $27,200 and the 100 hourly Simple moving average. The next key resistance could be $27,400 and the trend line. It is close to the 50% Fib retracement level of the downward move from the $28,285 swing high to the $26,551 low. Source: BTCUSD on TradingView.com A close above the $27,500 resistance might start a steady increase toward the $28,000 level. The main hurdle is still $28,500, above which the price could start another increase. In the stated case, the price could rise toward the $30,000 resistance. More Losses In BTC? If Bitcoin fails to recover higher above the $27,200 resistance, there could be more losses. Immediate support on the downside is near the $26,550 level. The next major support is near the $26,500 level. A downside break and close below the $26,500 support might send the price further lower. The next support sits at $26,000. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $26,550, followed by $26,500. Major Resistance Levels – $27,200, $27,400, and $27,500.