Despite initial expectations of a robust rally, major cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and XRP have encountered a slowdown in momentum following a promising start in 2023. However, a prominent tech company’s leaked disclosure can alter this trajectory. With the Federal Reserve (Fed) grappling with a staggering $33 trillion US “debt death spiral,” investment banking firm Jefferies analysts have warned that the Fed may be compelled to restart its money printing presses. This move could trigger the collapse of the US dollar and ignite a significant price boom for Bitcoin, rivaling the value of gold. Expert Advocates For Bitcoin As An Inflationary Safeguard A recent Forbes report indicates that Bitcoin’s highly anticipated halving event, expected to cause price volatility, is imminent. Christopher Wood, Jefferies’ global head of equity strategy, emphasized in a note to clients seen by CNBC that G7 central banks, including the Federal Reserve, are unlikely to withdraw from unconventional monetary policies smoothly. Notably, Wood considers Bitcoin and gold as “critical hedges” against the resurgence of inflation. Since spring of 2022, the Federal Reserve embarked on reducing its ballooning balance sheet of nearly $9 trillion, which expanded significantly during the COVID-19 pandemic and subsequent economic downturn. This process, known as quantitative tightening, involves draining liquidity from the financial system and shifting the burden of newly issued debt onto the private sector. US Dollar Caught In ‘Death Spiral’ In addition to balance sheet reductions, the Fed has implemented rapid interest rate hikes to rein in soaring inflation. However, this approach has raised concerns about a potential counterproductive “death spiral” for the US dollar, potentially bolstering the value of Bitcoin. Wood suggests that the Fed may be forced to adopt a more accommodating stance in response to a US recession. This shift would occur due to a larger-than-usual lag in the Fed’s interest rate hikes aimed at curbing inflation following the significant expansion of the money supply in 2020 and 2021. Wood further explains: The CEO of BlackRock, Larry Fink, who had previously expressed skepticism towards Bitcoin, made a notable shift in June. Fink’s endorsement of Bitcoin sparked a rush among Wall Street investors toward cryptocurrencies. With custodian arrangements in place for digital assets, Bitcoin has gained credibility as an investable option for institutional investors, presenting itself as an alternative store of value to gold. In conclusion, the Federal Reserve’s monetary policy challenges and the growing institutional interest in Bitcoin and other major cryptocurrencies have created a perfect storm, propelling their prices to new heights. Per the report, investors increasingly turn to digital currencies as potential hedges against inflation and storehouses of value as the US dollar faces uncertainty. When writing, the leading cryptocurrency in the market is trading at $27,300, reflecting a decrease of over 2% in the past 24 hours. This decline follows an overall downtrend in the market since the beginning of the new trading week. Notwithstanding the recent drop, BTC is positioned above its critical 50-day and 200-day Moving Averages (MAs). This favorable positioning may support a rebound in the cryptocurrency’s value and prevent further decline, helping it maintain the crucial $27,000 milestone. Featured image from Shutterstock, chart from TradingView.com

Bitcoin is 200 days before halving, a supply shock that historical patterns show that prices tend to rally, even clearing previous all-time highs once it happens. In a price chart shared by the “thescalpingpro” on X on October 9, the analyst appears to suggest that the world’s most valuable coin is in the early stages of not only breaking above 2021 highs but registering new highs after the network halves in 2024. Early Signs Of Bull Rally: 200 Days Before Halving Thus far, the trader notes that Bitcoin is down 60% from previous all-time highs in 2021. This formation, the analyst says, appears to replicate the same pattern before Bitcoin halved in 2019. Then, just like it is presently, the coin fell 60% from 2017 highs of around $20,000. As historical pattern shows, Bitcoin prices tend to bounce back strongly after posting sharp losses from previous highs. These upswings are often accelerated by the halving event momentum, pushing prices further away from cyclical lows. Every four years, Bitcoin halving occurs, where the reward for mining a Bitcoin block is reduced by half. This feature is built into the protocol to slow the issuance of new Bitcoin. Due to the decrease in the number of coins released to circulation during halving, inflation is reduced, which supports prices, as previous price action has shown. Although the impact of halving has been well studied, the sequence of events preceding this event appears to be stirring demand. As aforementioned, 200 days before the 2016 and 2019 halvings, Bitcoin fell roughly 60% from all-time highs. The asset’s prices are at a similar price point precisely 200 days before halving. For this “near-perfect” replication of events, “thescalpingpro” is bullish that the coin might follow a familiar pattern of past cycles. Bitcoin Race To $48,000 Before Halving? The spike to all-time highs and beyond, as previewed, is a scenario that could happen once the halving happens. Before then, however, another analyst is convinced the coin could rally to $48,000. The analysis is based on crucial support and resistance levels formed by the Fibonacci retracement levels. The analyst is convinced that the coin will retest the 61.8% of the swing high low of the recent 2021 to 2022 range, placing Bitcoin at $48,000 once it recovers. The race to this level will be further driven by “halving momentum” and the “bear-to-bull transition from various indicators,” including the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and the on-balance volume of major exchanges, which appear oversold.

Over 38.81 billion LUNC have been burnt by the cryptocurrency exchange Binance thus far. There are now 5.80 trillion LUNC tokens in circulation, with a maximum supply of 6.83 trillion. Since May 18, 2022, the Terra Luna Classic community has burnt a cumulative total of 76 billion LUNC, marking a significant milestone in the collective endeavor to lower the circulating quantity of LUNC. Binance, the biggest cryptocurrency exchange in the world, has burnt about 38.81 billion LUNC, or more than half of the total LUNC burned. There are now 5.80 trillion LUNC tokens in circulation, with a maximum supply of 6.83 trillion LUNC. To speed up the burn rate of LUNC, the community must improve its use-cases. Key Player Binance About 400 million LUNC are burned each week on average, with Binance transferring billions to the burn address every month as part of the LUNC burn process. Over 38.81 billion LUNC have been burnt by the cryptocurrency exchange Binance thus far, with over 1 billion burned in the 14th round of the LUNC burn process on October 1. In Q4, the Terra Classic L1 Task Force (L1TF) development group and the Quant USTC repeg team plan to work on decreasing the available supply of LUNC and USTC. Developers are collaborating with exchanges in an effort to successfully repeg USTC to $1. On the other hand, the Galaxy Station wallet and the Galaxy Finder blockchain explorer are now available to the Terra Luna Classic community. At the time of writing, LUNC is trading at $ $0.00005607, down 3.84% in the last 24 hours as per data from CMC. Highlighted Crypto News Today: Millions in XRP Shifted As Ripple Case Options Emerge Post-Appeal Denial

Serious repercussions may arise from someone not following the new set of rules. Exchanges are taking the required steps to comply with the laws as the FCA has been firm. The Financial Conduct Authority (FCA), the United Kingdom’s highest financial regulator, issued a warning list to many prominent cryptocurrency exchanges on Sunday, October 8 for advertising their services without the necessary authorization. As of October 8th, the United Kingdom’s financial promotion legislation now includes crypto asset service providers worldwide. All crypto exchanges, regardless of where they are based, are now required by law to clearly post danger warnings to British customers and follow more stringent technological regulations. This involves setting up a cooling-off period of 24 hours for new clients. The generic warning to over 140 firms read: Stringent Penalties Serious repercussions may arise from someone not following these rules. This may lead to demands for the removal of websites and applications, unlimited penalties, and even jail time. A representative for Huobi, also known as HTX, has stated for the record that the firm does not market or operate inside the United Kingdom. Moreover, KuCoin’s CEO, Johnny Lyu, issued a statement through email expressing the company’s dedication to tailoring its offerings to comply with the laws and regulations of each jurisdiction in which it operates. Also, currently, KuCoin is not actively functioning in the UK. Exchanges are taking the required steps to comply with the laws as the FCA has been intensifying its grip on the cryptocurrency sector. Highlighted Crypto News Today: Shiba Inu Sees Surprise Whale Inflow Spike Amid Crypto Selloff

Campbell’s tenure lasted for around 2 years and 7 months at Ripple. She also handled the purchase of Metaco, a supplier of services for crypto assets. Kristina Campbell, the CFO of Ripple Labs Inc., has left the company. Campbell updated her LinkedIn page to reflect that she had left the firm this month, but the corporation did not make the news public. Campbell’s tenure as CFO at Ripple Labs, which ended with her departure, lasted for around 2 years and 7 months. The U.S. SEC complaint targets the company’s financial management, and Campbell seems to be a significant figure of interest. Campbell has played more of a supporting role as Ripple’s CFO, but she has nonetheless made some important financial choices. Ongoing SEC Lawsuit The legal fees suffered by Ripple as a result of the SEC crackdown were estimated at $200 million earlier this year by CEO Brad Garlinghouse. Even though the business has been partially vindicated by Judge Analisa Torres’ finding that programmatic sales of XRP on secondary markets do not constitute a security, the costs have had a significant effect. Campbell also handled the purchase of Metaco, a supplier of services for crypto assets in the institutional sector situated in Switzerland. Ripple’s $250 million Metaco acquisition was the company’s first significant merger and acquisition in a long time. Campbell has left Ripple and is now listed as the Chief Financial Officer of Maven Clinic on LinkedIn. Maven Clinic is a virtual clinic for women and families with a purpose to make healthcare accessible to everyone. Highlighted Crypto News Today: UK Issues Warning to List of Crypto Exchanges; Eyes Enforcing Regulations

The XRP price has retraced a good portion of its gains following its surge above $0.54 last week. Naturally, this could signal that the end is in sight for an XRP rally but this is not necessarily the case when you look at the altcoin’s metrics and performance even amid its price decline. XRP Daily Transaction Count Remains Above 1 Million The XRP daily transaction count first skyrocketed above 1 million back in July when Judge Analisa Torres ruled that programmatic XRP sales did not constitute investment contracts. The XRP price had rallied more than 60% as a result of this and daily transaction counts shot up as well. By the time August rolled around, XRP’s daily transaction counts had surpassed that of Bitcoin and Ethereum, and the network has not slowed down since. Looking at data from BitInfoCharts, XRP is still maintaining its more than 1 million transactions per day numbers. Since the start of October, the altcoin’s daily transaction figures have also come out consistently above that of Bitcoin and Ethereum, showing that interest in the network has not diminished. XRP Ledger Crosses 83 Million Blocks As transaction counts have been on the high side, block production on the XRP Ledger also shows active participation from users. Late last week, the blockchain marked its 83 millionth block. This was confirmed by the XRPScan account on X (formerly Twitter), coming less than two months after the Ledger marked its 82 millionth block. The rapid rise in usage is shown by the over 46,000 payments already made in the current block at the time of writing. Additionally, there have been 392,000 transactions and rising, with an average Transaction Per Second (TPS) of 20 TPS. Daily Trading Volume Jumps 56% Another major factor that could point to the XRP price rally not being over is the jump in daily trade volume. Between Sunday and Monday, the XRP daily trading volume rose more than 56% to reach approximately $480 million. This follows a jump above $500 million previously before the cool-down. Just like other factors listed above, the jump in trading volume suggests rising interest. Given that the XRP price has not been in free fall, it could point to the volume being skewed more toward buying rather than selling. In such a case, a rally is more likely to ensue. XRP Price Rally Could Continue Despite the XRP price falling to bearish pressure over the last few days, it could quickly recover as metrics continue to flash bullish. As one crypto analyst points out, the XRP price is reaching the point in its 39-month cycle where it could bounce toward another rally. For the top of this rally, the analyst puts the price at $1,000. Currently, the XRP price is sitting at $0.5141, registering a 1.49% loss in the last 24 hours.

Shiba Inu has experienced a notable increase in large-holder inflows, despite a declining price in the wider crypto market. On October 7, whale inflows for SHIB were at 169 billion, and on October 8, they surged to nearly 3 trillion, marking a 1,587% spike. Large inflows can indicate accumulation and potential market bottoms as major players buy during dips. Shiba Inu is registering a surprising surge in large-holder inflows even as its price declines amid a wider crypto market selloff. According to on-chain analytics firm IntoTheBlock, SHIB saw whale inflows explode from 169 billion on October 7 to nearly 3 trillion on October 8—a 1,587% spike. Large inflows can signal accumulation and potential bottoms as bigger players buy the dip in bulk. This metric rose when SHIB’s price fell around 4%, bucking expectations. Santiment noted high trader loss-taking and mild panic recently, often precursors to capitulation bottoms. Shiba Inu trades in the red Shiba Inu, trading at $0.0000006898, remains down nearly 4.2% in 24 hours amid bearish sentiment. But its network activity hints at the potential for a bullish reversal. Crypto’s inherent volatility means bear markets do not last forever. If SHIB can reclaim key moving averages around $0.0000075 and $0.0000086, it may confirm a comeback. For now, whales appear to be positioning amidst the sell-off. Their inflow spike offers a silver lining as overall markets feel pressure. If crypto stages a relief rally, SHIB could already be primed for outsized gains. As usual in crypto, price and on-chain data diverge in interpreting market bottoms. But the surprising whale activity provides nuance to SHIB’s bearish price action. Savvy traders should watch for confirmation of accumulation kicking off a recovery.

Amsterdam, The Netherlands, October 9th, 2023, Chainwire The token presale for upcoming crypto casino TG.Casino has now raced past $500,000 and is approaching the $1 million soft cap mark. TG.Casino Token ($TGC) is currently available to purchase for $0.125 – holding the token allows users to generate staking rewards and earn a share of casino profits through a token buyback once it is launched. At the time of writing the presale has raised almost $700,000 with the staking annual percentage yield (APY) set at 737%. Stake $TGC to Earn Rewards and Share Casino Profits TG.Casino is a fully decentralized and licensed crypto casino – powered by Telegram – that will offer instant and anonymous play, anonymous crypto transfers, thousands of slots, classic casino games, and a competitive sportsbook. However, unlike many other casinos in the crypto space TG.Casino, which has not yet launched, is offering native token $TGC for holders to earn further rewards beyond gambling and wagering. Staking The first is through its staking mechanism, with presale buyers able to add purchased $TGC tokens immediately to the staking pool and generate an APY. As outlined above, the current APY is over 737% meaning those who have purchased early will continue to accrue tokens as the presale continues. The APY will reduce as more tokens are locked into the pool meaning. Profit Sharing/Token Buyback/Burn Mechanism Staking will also play an integral role in the profit-sharing system. Users who have tokens staked once the casino is up and running will earn a share of daily profits through a planned token buyback system. $RLB, the native token of Rollbit, surged 60% and reached a peak market cap of $700 million after it announced a buyback scheme in August. The TG.Casino buyback will see the casino use a share of daily profits, once live, to purchase $TGC tokens and distribute them to those who are staking. This will allow token buyers to earn more tokens. However, the buyback goes a step further by also adding a burn mechanism as a feature. From the buyback, 60% of purchased tokens will be distributed to stakers as rewards, with 40% sent to a burn address meaning they are permanently taken out of supply. As has been shown with the likes of Maker ($MKR) and Verasity ($VRA), token burns can have a positive effect on price, as the supply is reduced and the value of an individual token increases. Presale Info and Tokenomics The presale launched in late September and is offering tokens at a fixed price of $0.125 through one round. There is a max supply of 100 million tokens with 40 million allocated to the presale (40%) with a soft cap of $1 million – which is now 67% sold out – and a hard cap of $5 million. There is a minimum purchase of 100 tokens ($12.50), with $TGC an Ethereum-based ERC-20 token that can be purchased with ETH, BNB or USDT. The remaining supply will be allocated to decentralized exchange liquidity (20%), the staking pool (20%), the rewards system (10%), marketing (5%), and affiliates (5%). Its token smart contract has been audited by Coinsult with no major security issues found. Telegram-Powered Casino TG.Casino will utilize powerful Telegram bots to offer users an enhanced customer experience, with players able to enjoy anonymous and instant crypto gambling. The crypto casino is fully licensed by the government of Curacao, and follows anti-money-laundering and responsible gambling policies. Some players will only be able to access the site via a VPN, however. Players use the messaging app, which has almost 800 million active global users, to access the casino via command-based prompts. That means that sign-up is instantaneous and anonymous, with no KYC verification steps to complete, and the casino and Telegram recognizing a phone number as a unique reference for individual players. Telegram also allows players to deposit and withdraw crypto instantly and anonymously, via trusted crypto wallets such as MetaMask, Coinbase and Trust Wallet. Players can transfer around a dozen cryptocurrencies, including BTC, ETH and USDT, without fees and with a minimum amount of just $1 (or equivalent). Once live, the casino will offer thousands of leading and provably fair slots games – such as Aviator and Plinko – from leading and trusted developers like Spribe, Hacksaw, and Evolution. TG.Casino will have casino classics such as Poker, Blackjack, and Roulette, with both live and virtual dealers and dozens of different tables that are suitable for both novice players and high rollers. There will also be a sportsbook with competitive odds from leading providers, such as BetRadar, with pre-game and in-play markets on competitions such as the Premier League, NFL, NBA, and many more, including eSports. New players at TG.casino can earn a 150% matched first deposit bonus, up to $30,000, and get 300 free spins – there is a 40x wagering requirement to receive the full bonus. For more information on the casino – as well as the presale, staking and buyback mechanism – users can read through the TG.Casino whitepaper or join the Telegram community group Disclaimer: TG.Casino 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 TGCASINO TG Casino [email protected]

On-chain data shows the true market mean price of Bitcoin is valued at $29,700 right now, making the level of particular significance for the coin. Bitcoin True Market Mean Price Is At $29,700 Currently In a new post on X, the lead on-chain analyst at the on-chain analytics firm Glassnode, “Checkmate,” pointed out how the BTC price currently trades below the true market cost basis. The “market cost basis” refers to the average price at which the investors in the sector bought their coins. One popular way of calculating this cost basis is through the “realized cap,” which measures the total value of the cryptocurrency by assuming that the price at which each coin on the blockchain was last transferred is its true value. When this capitalization model is divided by the total number of coins in circulation, the “realized price” is obtained, which is the average cost basis of the supply. However, this method has some issues, such as a chunk of the circulating Bitcoin supply being permanently inaccessible (due to wallet keys becoming lost). A lot of this inactive supply would have traded long ago, meaning its cost basis would be shallow compared to today’s prices. Thus, if included in the metric, it would skew its value away from reality. Checkmate and Ark Invest’s David Puell came up with “Cointime Economics” a while back, a new methodology that tackles the problems with the realized price. “Cointime Economics introduces a simplified framework to efficiently discount the impact of lost supply and amplify economic impacts on the truly active supply,” explains Glassnode. The chart below shows the trend in the “true market mean price” for Bitcoin, as calculated by this advanced model. Based on this more accurate model, Bitcoin currently has a true mean price of $29,700. Therefore, the asset’s spot price is trading well below this level. The graph shows that significant breaks above this indicator have historically resulted in the cryptocurrency enjoying some sustained bullish momentum. Checkmate has also attached the “AVIV Ratio Z-Score” data in the same chart. The “AVIV Ratio” tracks the deviation from the true market mean that BTC is currently observing. The Glassnode lead notes that this indicator is the most accurate measure of the market centroid for Bitcoin. At the current value, the metric is “still -0.6 standard deviations below its long-term mean,” according to the analyst. The near-term outcome of the price based on this is uncertain, but in the long term, Bitcoin could see a reversion back to its mean, thus making the current price levels potentially profitable buying points. BTC Price At the time of writing, Bitcoin is trading at around $27,500, down 3% in the last week.

Blockchain tracker Whale Alert detected transfer of nearly 90 million XRP tokens. Transferred 60 million XRP valued at $31 million to an unknown wallet. Legal developments favor Ripple, which maintains regulatory clarity. Blockchain tracker Whale Alert detected the transfer of nearly 90 million XRP tokens worth over $45 million recently. The shifts come as new possibilities emerge in the long-running Ripple lawsuit following a denied appeal bid. According to Whale Alert, Ripple transferred 60 million XRP valued at $31 million to an unknown wallet. Separately, an anonymous wallet moved 29 million XRP worth $15 million to cryptocurrency exchange Bitstamp. The Ripple transaction likely relates to OTC trading or cross-border payments involving XRP as a bridge currency. The reasons behind the Bitstamp transfer are more ambiguous but could point to plans to sell or use the tokens within the exchange ecosystem. XRP whale movements come amid new phase of legal battle with SEC The developments occur just after the SEC’s request for an early appeal was rejected by the presiding judge. This hands a preliminary victory to Ripple, with the status quo favorable to the company remaining in place. Attorney Jeremy Hogan outlined potential scenarios going forward, assigning low odds of resolution before 2025-2026 given the timeline for appeals. The SEC could settle with the individual defendants, then move to finalize judgment against Ripple and lodge an appeal. But remedies and litigation could still extend the case deep into 2026. Meanwhile, Ripple maintains regulatory clarity that transacting XRP does not constitute an illegal securities sale. The company can continue leveraging this advantage as long as the suit persists. For XRP traders, the major token shifts may herald increased volatility around developments in the case. But fundamentally, Ripple continues cementing its position as the legal battle inches forward.

Trust Wallet Token (TWT) seems untouched by the crypto market decline, holding a nearly 20% seven-day gain while top coins recede. After finding support at $0.79, it rallied above the $0.94 resistance, flipping it to a new support level today. The Trust Wallet Extension update on Chrome might be driving its price gains in the past week. Due to the update, users can now enjoy the full features of Trust Wallet integrated with their Chrome browser. Such ease of access may have boosted the use of TWT, thereby pushing its demand and price. Recent Network-Related Developments Can Push TWT’s Price Further The new Trust Wallet Extension update (V 1.9.1) on Chrome Store was announced on October 3. According to the announcement, users can enjoy native EVM swaps, Ledger and hardware support, and crypto purchases. Users can now access 15 different staking options across nine blockchains with the extension. This additional utility is likely driving more investors to the Trust Wallet ecosystem. Also, on October 5, Trust Wallet launched a Trust Wallet Testimonial Contest to reward its loyal community. According to a blog post, participants will share their testimonials and experiences using Trust Wallet. Trust Wallet will reward five lucky winners with mystery swag boxes once they complete certain tasks. This contest will likely boost investors’ interest in the ecosystem and lead to price gains for TWT tokens. TWT Declining On Daily Chart Despite Weekly Gains Despite impressive weekly gains, TWT shows signs of price decline on the daily chart. Its decline could correlate to the retracement in BTC’s price from $28,000 to $27,770 today, October 9, at 5:36 am EST. After its rally from the $0.79 support level, TWT broke above the $0.94 resistance level. Looking at the daily chart, TWT has formed two consecutive red candles on the daily chart, confirming increased selling pressure. Also, today’s candle drops below the trendline, hinting at a slight retracement ahead for the token. TWT is retracing in the Donchian Channel (DC) and approaching the Median Band. A drop below this band will confirm that the sellers have reclaimed dominance on its price. Furthermore, the Relative Strength Index (RSI) indicator displays a value of 64.5 in the buy zone close to 70. A close look at this indicator and its downward motion reveals that it is retracing from the overbought zone. The RSI’s movement confirms the sentiment that the buyers are beginning to take profit and close long positions. Nevertheless, the price retracement for TWT will likely be brief due to its ecosystem developments. The daily chart analysis shows that TWT will likely decline to $0.94 in the next few days before resuming its rally. Also, the next rally may likely send TWT above the $1 resistance zone for more impressive gains. However, buyers must avoid bull traps if the $0.94 support level fails to hold.

The Shiba Inu ecosystem has witnessed a recent surge in BONE Shibaswap investors, as witnessed a recent surge in BONE Shibaswap investors, as some of Shiba Inu’s biggest whales are loading up their bags. According to data from IntoTheBlock, whales of BONE tokens have boosted their holdings in the past month to increase their concentration of the ecosystem to over 43%. Whale Wallets Loading Up On BONE In Anticipation Of A Rally BONE (Shibaswap) is one of the most important tokens in the Shiba Inu ecosystem and has done well since the launch of Shibarium, as the token went on a bullish trend to reach $1.70 in August. Since then, things have cooled down in the Shiba Inu ecosystem, and the token has lost most of this gain. At the time of writing, BONE is trading at $0.7813, has a market cap of $195 million, and a max supply of 230,003,023 BONE tokens. On-chain data from intelligence company IntoTheBlock has shown that most of this market cap is concentrated between 12 whale addresses with 108.53 million tokens. However, these whale wallets have been steadily accumulating BONE over the past month. The total net flow between addresses holding at least 0.1% of the total market cap has increased by +272.92% in a 7-day timeframe. A similar metric following the movement of BONE tokens has shown that the concentration of these tokens in whale addresses (wallets holding more than 1% of the total supply) has increased by +19.74% in the past 30 days. On the other hand, concentration in investor addresses (wallets holding between 0.1% and 1% of the total supply) has reduced by 1.37% in the past 30 days. Recent Price Action Shows Bullish Momentum Might Be Building BONE is currently trending downward after having a bullish run since Shibarium’s introduction. Data has also shown only 34% of holders are making money at the current price. However, the increase in large wallet holdings of BONE coupled with a 33.48% increase in the past 24-hour trading volume is a bullish reversal signal, as it can increase buying pressure from retail investors. Price action reveals BONE is currently at a major support zone of $0.76. A reaction to the support by bulls might see a rally back up. On the other hand, a break below the support might suggest a further fall in the price of the token. This comes after Shiba Inu’s lead developer recently renounced the BONE smart contract. Renouncing the contract means developers no longer have control of the token, making it fully decentralized.

DUBLIN–(BUSINESS WIRE)–The “Global Authentication and Brand Protection Market (by Application, Technology & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)” report has been added to ResearchAndMarkets.com’s offering. The global authentication and brand protection market is poised to experience substantial growth in the coming years, with a projected market size of US$3.36 billion by 2023. This growth is expected to be driven by various factors, including the need to safeguard brands, maintain authenticity, and combat the rise of counterfeit products. The market is forecasted to progress at a Compound Annual Growth Rate (CAGR) of 9.95% during the forecasted period. Authentication and Brand Protection: Safeguarding Brand Integrity Authentication and brand protection is a critical business segment that focuses on preserving the authenticity and reputation of brands while ensuring customer trust. In an increasingly digital world, businesses, both large and small, face significant challenges related to brand protection and authentication. These challenges arise from the proliferation of counterfeit products and the need to safeguard intellectual property rights. To counteract counterfeiting and build consumer confidence, businesses deploy various authentication and trademark protection technologies. These technologies play a vital role in industries such as pharmaceuticals, automotive, food and beverages, and consumer electronics, among others. The growth of e-commerce has further exacerbated the issue of counterfeit products, driving the demand for brand protection solutions. Market Segmentation The global authentication and brand protection market is segmented based on application and technology: By Application: Medical Automotive Food and Beverage Consumer Electronics Others Among these segments, the food and beverage sector leads the market, driven by the need to combat food fraud incidents and the rise of online grocery shopping. The pharmaceutical industry, driven by stringent regulations and the need for product integrity, also contributes to market growth. By Technology: Digital Non-Digital Digital technology is expected to witness significant growth, with consumers increasingly using smartphones for product authentication and interaction with brands. Geographic Coverage The global authentication and brand protection market is divided into five regions: North America Europe Asia Pacific Latin America Middle East and Africa North America currently dominates the market, with the United States being the largest contributor. The region benefits from strict anti-counterfeiting regulations and a focus on protecting product and brand integrity. However, Asia Pacific is expected to exhibit the highest growth rate, driven by fragmented markets and local players offering various brand protection solutions. Key Factors Driving Market Growth Growth in the Food and Beverage Industry: The introduction of supply chain laws and the rising cost of counterfeit goods have driven food and beverage manufacturers to seek brand protection solutions. Escalating E-commerce Sales: The growth of online shopping has increased the incidence of counterfeit products, necessitating brand protection measures. Rise in Counterfeit Products: The proliferation of counterfeit goods across various industries, including pharmaceuticals, has fueled the demand for authentication and brand protection. Growth in the Pharmaceutical Industry: Stringent regulations and the need to protect product integrity in the pharmaceutical sector contribute to market growth. Challenges and Trends Challenges: Lack of Awareness: Many consumers, especially in underdeveloped regions, are not aware of authentication and brand protection solutions, leading to limited adoption. Trends: Blockchain Technology: The integration of blockchain technology in brand protection is gaining popularity, providing secure and transparent solutions. Artificial Intelligence: AI is being increasingly used to enhance brand protection efforts and detect counterfeit products. Digital Solutions: Digital platforms are becoming more prevalent for brand protection, offering comprehensive data monitoring and interaction with consumers. Impact of COVID-19 The COVID-19 pandemic initially had a negative impact on the authentication and brand protection market, but demand for brand protection solutions increased in response to rising counterfeit and damaged products. Protecting brand integrity and consumer safety has become a top priority for organizations in a post-pandemic world. Key Players The global authentication and brand protection market is fragmented, with numerous players holding varying market shares. Key players in the market include Authentic Vision, 3M Company, Authentix, Applied DNA Sciences, AlpVision SA, Eastman Kodak, Giesecke Devrient GmbH, Arjo Solutions, De La Rue, Centro Grafico, Avery Dennison, Centro Grafico DG S.P.A, and Wisekey. For more information about this report visit https://www.researchandmarkets.com/r/4mar03 About ResearchAndMarkets.com ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. 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Price movement at the moment suggests that bulls have been mostly fatigued. If the price breaks below the $21.6 support level, then it will likely test the $20.4 mark. The price of Bitcoin did not see enough volatility over the weekend to push it beyond $28,000 as bearish sentiment looms. Moreover, the bulk of altcoins, including the top 20, have been stuck in a flat trend, with an inclination towards the downside. An in-depth analysis of the Solana ecosystem, including research into on-chain data, network advancements, and other results, was recently released by on-chain analyst Nansen. The research demonstrates that despite setbacks like network outages and the FTX drama, the Solana blockchain has shown remarkable resilience and continual advancements, maintaining a perfect uptime so far YTD. Nansen started its report published on October 5 by pointing out that Solana’s current TVL is $30.95 million, roughly twice the data from earlier in the year. Bears Dominate In September, the price of Solana dropped dramatically, and it was widely anticipated that it would reach and test the $15 support level. However, a recovery began around $17.38, leading to a splendid increase. Price movement at the moment suggests that bulls have been mostly fatigued. Source: CoinMarketCap At the time of writing, SOL is trading at $22.40, down 4.40% in the last 24 hours as per data from CMC. Moreover, the trading volume is up 12.75%. The price has been facing severe selling pressure. If the price manages to go past the recent high of $24.4 then a fresh rally is on the cards. It will likely test $25.3 in such a scenario. Conversely, if the price breaks below the $21.6 support level, then it will likely test the $20.4 mark. Further decline will likely result in price testing $18.7 level support level.

At the time of writing, the BNT price witnessed retracement and is trading at $0.57. Bancor has been a frontrunner in the DeFi industry as a decentralized liquidity protocol. In reaction to the surge in trading activity, Bancor’s native token BNT has begun a compelling rally inside a parabolic trend. The price of BNT rose by more than 50% during this trend, from its 24-hour low of $0.4603 to a high of $0.6906. Source: CoinMarketCap CMC data shows that Bancor’s trading volume increased by almost 2,500% alongside this rise. Investors are arguing whether or not Bancor’s dominating rising rate will be sustainable in the future, despite the fact that it presently dominates the altcoin market. At the time of writing, the BNT price retraced and is trading at $0.57, up 17.57% in the last 24 hours as per data from CMC. Proactive Approach An attempted phishing assault, which might have created turmoil in the ecosystem of the dominating protocol Carbon DeFi, was revealed on the official social media account of the protocol. The protocol’s core development proposal and this proactive approach have enhanced confidence in the ecosystem, setting it apart from other protocols that have recently been hacked. This was complemented by another remarkable number: 797 unique BNT addresses were active on a single day. Speculation regarding the future of Bancor has been sparked by its recent price gain and the substantial rise of active addresses among crypto fans and experts. For many years, Bancor has been a frontrunner in the DeFi industry as a decentralized liquidity protocol based on the Ethereum blockchain. Traders and investors that value efficiency and decentralization have found it to be a go-to due to its novel liquidity supply strategy and automated market maker (AMM) system. Highlighted Crypto News Today: Solana Price Faces Severe Selling Pressure; Further Decline Likely?

In our relentless pursuit of excellence and innovation, we are thrilled to announce the next phase of our evolutionary journey: DPEX is now live in “aggregator mode” on the Polygon zkevm chain. By harnessing the liquidity from other leading perpetuals on the zkevm chain, such as Quickswap, DPEX ensures that our users consistently enjoy the most competitive prices available in the market. Why Choose Polygon’s zkevm Chain? After conducting extensive research and market testing, we have unequivocally chosen Polygon’s zkevm chain. It represents the pinnacle of innovation and efficiency in the current blockchain ecosystem for several compelling reasons: Cost-Effective Transactions: The zkevm chain outshines other solutions with its remarkable cost-efficiency. With gas fees as low as $0.01, traders can optimize their strategies without the burden of exorbitant transaction costs. Lightning-Fast Execution: Speed is paramount in the trading world, and the zkevm chain delivers not just faster, but instantaneous transactions. This unparalleled swiftness ensures that traders obtain the desired prices without any unwelcome surprises. Cutting-Edge Technology: The zkevm chain incorporates the latest advancements in blockchain technology, providing users with an unparalleled trading experience. By choosing the zkevm chain, we are confident that we have embraced the most innovative and efficient solution available in the blockchain ecosystem. How Does the Aggregator Mode Work? DPEX’s aggregator mode is more than just a fancy term—it exemplifies our unwavering dedication to providing unparalleled value to our users. By consolidating liquidity from multiple perpetual markets on the zkevm chain, we ensure that every trade is directed to the optimal market, offering the most competitive price at any given moment. Imagine accessing a multitude of markets, all from a single platform, and always securing the best price. This is the promise of DPEX’s aggregator mode. Benefiting the Community: A Win-Win Situation This is not just a technological advancement for us, but a significant leap forward for the entire DPEX community. Traders can now have the confidence that they are accessing the most competitive prices, while liquidity providers can rest assured that they are an integral part of a larger ecosystem that guarantees consistent trading volume. Moving Forward We remain dedicated to maintaining our position at the forefront of technological advancements, ensuring that DPEX continues to shine as an emblem of innovation in the trading world. Our recent launch on the Polygon zkevm chain, featuring the aggregator mode, represents just the beginning of our journey. We express our gratitude to our community for their unwavering support and eagerly anticipate scaling even greater heights together. Stay tuned for more thrilling updates, as we embark on a future brimming with boundless possibilities with DPEX on the Polygon zkevm chain! To begin trading, please visit https://zkevm.dpex.io. For more information, visit our official website https://dpex.io

Cloud-based system delivers enterprise finance faster time-to-cash with no fees SCOTTS VALLEY, Calif.–(BUSINESS WIRE)–Paystand, the fastest-growing, blockchain-enabled B2B payments platform, today announced its new integrated solution for the Microsoft Dynamics 365 Business Central portfolio of intelligent business applications. Now, SMB finance departments may eliminate slow manual AR processes to reduce days sales outstanding (DSO) and speed time-to-cash, all with zero fees. This integration gives Microsoft Dynamics 365 Business Central customers a modern Payments-as-a-Service mode that is fully digital and intuitive. Users on the platform can now incentivize their customers to pay sooner using automated Paystand features such as the embedded “pay now” buttons. “Accounting teams need faster and more efficient approaches to help them improve margins and operating cash flow. With the new integration, Paystand provides Microsoft Dynamics users one-click features that eliminate expensive and error-prone processes,” said Jeremy Almond, CEO and co-founder, Paystand. “By democratizing access to blockchain applications we empower businesses to escape financial gravity, thrive without unnecessary fees, and emerge as pioneers of a digitally transformed financial era.” Delivered as a native integration to Microsoft Dynamics 365 Business Central, Paystand’s technology: Accesses Paystand’s Bank-to-Bank Network – the only zero-fee, real-time payment rail available for business Unlocks Paystand’s profitability behavior model Creates smart invoices with embedded payment options “The integration with Microsoft further expands Paystand’s vision for cashless B2B payments by providing all businesses within the Microsoft Dynamics ecosystem a way to seamlessly automate receivables and revenue,” said Bindu Gakhar, head of product at Paystand. “Paystand saves businesses across multiple industries 50% or more on the cost of receivables by eliminating transaction fees and also speeds up time to cash by up to 60%, helping them scale and increase ROI significantly.” The Microsoft integration is Paystand’s third native integration, expanding its proven record and its reach to SMB finance departments. Paystand was first integrated with NetSuite, followed by a Sage integration in 2021. Paystand will offer early access to the new integration at the Microsoft Dynamics User Group Conference in Charlotte, N.C. later this month, and the integration is expected to be available in AppSource later this year. This invitation will also be open to Microsoft Dynamics VAR Partners to onboard them inside Paystand’s partnership program. At Community Summit, visit Paystand at booth #1947. About Paystand Paystand is on a mission to create an open commercial finance system, starting with a zero-fee network for B2B payments. Paystand is the largest B2B receivables, payables and payments network running on a commercial blockchain. The company makes it possible to digitize receivables, automate processing, reduce time-to-cash, eliminate transaction fees, and enable new revenue. The AR/AP solutions are designed for both U.S. and LATAM businesses of all sizes. For more information about Paystand, visit us at paystand.com. Follow our blog, and connect with us on Twitter and LinkedIn. Contacts Erica Zeidenberg PR for Paystand Inc. [email protected] 925-518-8159

Bitcoin is currently trying to have another go at the $28,000 level. Here’s what on-chain data says regarding whether a retest can be successful. Bitcoin On-Chain Signals Are Not All Positive Right Now In a new post on X, the on-chain analytics firm Santiment has looked into a couple of on-chain indicators that may provide some hints about whether BTC can sustain any bullish momentum currently or not. The first metric of relevance is the “supply on exchanges,” which keeps track of the percentage of the total Bitcoin supply that’s currently sitting in the wallets of all centralized exchanges. When the value of this metric decreases, it means that withdrawals are taking place on these platforms right now. Generally, investors take out their coins to self-custodial wallets whenever they intend to hold onto them for extended periods, so this kind of trend can have a bullish effect in the long term. On the other hand, the reverse trend implies selling may be going in the market as holders are depositing a net amount of the cryptocurrency to the exchanges at the moment. Now, here is a chart that shows the trend in the Bitcoin supply on exchanges over the past few months: From the graph, it’s visible that the Bitcoin supply on exchanges has observed a constant decline during the past month. This naturally suggests that the investors are transferring a net number of coins out of these platforms. As mentioned before, if the investors are accumulating with these withdrawals, the price could feel a bullish impact, although it may only appear in the long term. Therefore, these outflows may not directly be relevant to the current price surge. Another way to look at the net withdrawals, however, is that at the very least net deposits aren’t taking place currently. As is visible from the chart, the recovery rally at the end of August very quickly died out as investors transferred a large amount of BTC toward exchanges. For now, it would appear that such a selloff isn’t taking place, which could potentially allow for the asset’s run to continue. There is another indicator highlighted in the graph, but unlike the supply on exchanges, this one doesn’t seem to be showing a positive trend. This metric is the “daily active addresses,” which keeps track of the unique number of addresses that are participating in transaction activity on the blockchain. This indicator has now plunged toward the lowest levels since late August, implying that user interest in the asset is low currently. Historically, rallies have only been sustainable when they have been able to amass a large amount of trader attention, as such moves typically require a high amount of fuel. At present, the current recovery move lacks such investor activity. On top of this, the $27,900 level is currently a point of major resistance, as that’s where the average cost basis of the short-term holders lies, as CryptoQuant analyst Maartunn has pointed out. All in all, it looks like a significant break above the $28,000 level could prove to be quite tricky for the cryptocurrency in the near future unless things can turn around fast in terms of user interest. BTC Price Bitcoin’s latest attempt may be ending in failure once again as its price has now retraced towards $27,600.

The Bitcoin price has been retracing over today’s trading session after reclaiming some lost ground. The selling pressure could push BTC back to critical support levels unless buyers can stop the current price action. As of this writing, Bitcoin trades at $27,400 with a 2% loss in the last 24 hours. Over the previous week, the cryptocurrency recorded a 3% loss as the rest of the crypto top 10 by market cap moves in a similar direction. The One Bitcoin Chart For Success? Crypto analyst and trader Rekt Capital shared a thesis supported on the upcoming Bitcoin Halving. This event was designed to halve the rewards miners granted to include new blockchain transactions. In 2024, these rewards will drop from the current 6.25 BTC per block to 3.125 BTC. The halving is one of the most important events in the Bitcoin ecosystem as it directly impacts the supply and demand dynamics of the BTC market. Rekt Capital believes that the cryptocurrency behaves in a certain way as the Halving approaches. In 2019, after years of trending to the downside and moving sideways, Bitcoin experienced a relief rally. The analyst believes the upside momentum experienced in the past weeks coincides with this relief rally. The chart below shows that the 2019 and the current price action are similar. The chart shows the cryptocurrency crashed from the short-term top formed after the relief rally. If history repeats, the Bitcoin price will drop to the lows of the triangle, targeting a critical resistance of around $30,000. Following The Roadmap In the financial world, traders often look at past price data to predict future results, but history rarely repeats similarly. However, Rekt Capital believes a crash from the current levels or the area closest to $30,000 could be an opportunity and a roadmap. Market participants should be on the look of this crash and of a spike in trading volume as BTC reaches a critical point. Two months before the halving, this spike in volume should hint at an imminent rally. In the short term, traders should keep an eye on the low pointed out by the analyst; if Bitcoin touches these levels, there is an opportunity to set up a position before BTC reclaims the area above $30,000. As the chart above shows, the cryptocurrency often breaks critical resistance very close to the Halving. Rekt Capital wrote: Cover image from Unsplash, chart from Tradingview

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