Somnia, a high-performance Layer 1 that is compatible with EVM and optimized for entire worlds’ data fully onchain, has released a updated version of its litepaper. The project’s major improvements, such as the new Multistream consensus model, are outlined in depth in the updated document. Somnia, which aims to enable the next generation of mass-consumer apps, will be able to process 400,000 transactions per second with sub-second block finality thanks to the Multistream consensus. Somnia is creating a $10 million ecosystem grant program to assist link potential developers with top Web3 investors, such as CMT Digital, Spartan Capital, and Mirana Ventures. The program’s goal is to assist developers in producing extensive, real-time applications for social platforms, gaming, metaverses, and other domains. The architecture that will support Somnia’s high performance and throughput while preserving a high level of decentralization is revealed in the new litepaper. This innovative architecture incorporates the Multistream consensus algorithm, which enables the blockchain reach sub-second block finality, and sophisticated compression algorithms that enable Somnia to transfer data between nodes up to 20 times more effectively than existing blockchains. Additionally, Somnia has ICEdb, a custom-built database that allows for typical read/write speeds of 70–100 nanoseconds. Single-thread sequential execution, which the blockchain is geared for, performs better than conventional parallel models, particularly during periods of high transaction activity. The advantages for developers of deploying games and social apps on a scalable blockchain that can accommodate large numbers of Dapps while preserving a very low cost environment are also described in the litepaper. The Virtual Society Foundation, an autonomous organization founded by Improbable, a British business that has led the way in creating virtual worlds for more than ten years, is responsible for developing Somnia. In 2022, MSquared raised $150 million to provide initial funding to the Virtual Society Foundation. Through collaborations with Yuga Labs, Kodas, Otherdeed Expanded, Bored Ape Yacht Club, and Mutant Ape Yacht Club NFT holders now have additional utility for their digital collectibles. NFT holders will be able to enjoy games and completely on-chain interoperable virtual experiences with the introduction of Somnia’s L1. NFT avatars may be used in MSquared virtual worlds, such as the official MLB virtual ballpark and Kosmopop concerts with Kpop artists like TWICE. Additionally, Somnia created Dream Builder, a collection of tools that enable users to realize their imaginative ideas, from creating immersive worlds and game-like experiences to converting 3D files into interoperable metaversal objects. More functionality that is now off-chain may finally be put on-chain thanks to the Somnia blockchain’s performance features. For mass-consumer apps like gaming and social platforms, this will be particularly crucial. The development of on-chain Limit Order Books, which will provide users with the security assurances of a decentralized blockchain and the experience of a centralized exchange, is another way that Somnia’s high-performance blockchain may enhance trade and attract DeFi applications. Somnia will be the best technology for these use cases, making it the obvious choice for developers and creators. Unlocking these new use cases, along with others that have not yet been envisaged, will propel the widespread adoption of blockchain and Web3.

In a research paper dated October 24, Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered Bank, predicts that Bitcoin could surge to $125,000 by the end of the year if former President Donald Trump secures victory in the upcoming US presidential election. When Bitcoin Could Hit $125,000 Kendrick’s analysis hinges on the interplay between Bitcoin’s price movements and the US political landscape. “We use daily BTC vol levels and popular strike levels to estimate post-election price moves,” he states in the report titled Bitcoin – Post-US Election Playbook. According to Kendrick, Bitcoin prices have been ascending in recent weeks, aligning with other trades favored by Trump supporters. The report forecasts that Bitcoin is likely to reach approximately $73,000 by Election Day on November 5, nearing its all-time high of $73,800 recorded in March. “Our base case is that Bitcoin rises to around $73,000 by Election Day, catching up to betting-market probabilities of a Trump win,” Kendrick notes. Betting markets are reflecting increasing confidence in a Trump victory. “The average betting odds of a Trump victory now stand at 59%, according to RealClearPolitics. Furthermore, conditional probabilities in specific betting markets (Polymarket) suggest a 75% chance of a Republican sweep if Trump wins the presidency,” the report highlights. Should Trump win, Kendrick anticipates immediate bullish momentum for Bitcoin. “Assuming a Trump victory, options break-even implies a further price rise of about 4% when the presidential outcome is known, and around 10% in total within a few more days,” he explains. The potential for a Republican sweep of Congress amplifies this outlook. “If the Republicans sweep Congress, our year-end target level of USD 125,000 should come into view,” Kendrick asserts. This scenario is underpinned by significant open interest in Bitcoin call options expiring on December 27 at the $80,000 strike price, suggesting rapid movement toward that level. What If Harris Wins? In contrast, if Vice President Kamala Harris emerges victorious, the report suggests a temporary setback for Bitcoin prices. “If Harris wins, we see BTC initially trading lower but still ending 2024 at fresh highs around $75,000,” Kendrick projects. This implies a resilient long-term outlook for Bitcoin regardless of the election outcome, though the magnitude of gains would differ. Kendrick emphasizes the role of options market data in gauging potential price movements. “Options info helps estimate initial post-election price moves,” he states. The heavy trading volumes and popular strike levels serve as indicators of investor expectations and market positioning ahead of the election. The recent dip in Bitcoin’s price to a local low of $65,200 was addressed as well. Kendrick believes this is “likely to be the last before the U.S. presidential election,” suggesting that any short-term corrections may be overshadowed by the impending political developments. At press time, BTC traded at $67,520.

Thailand’s SEC proposes regulations for institutional investment in crypto assets. Binance Thailand’s CEO sees the shift as essential for crypto market maturity. Thailand’s crypto landscape is seeing a significant transformation, moving from a retail-driven market to one focused on institutional investment, according to Binance Thailand CEO Nirun Fuwattananukul. In a recent opinion piece for the Bangkok Post, Fuwattananukul praised the latest regulatory proposal by Thailand’s Securities and Exchange Commission (SEC) as a “vital step” toward the nation’s ambitions to become Southeast Asia’s fintech hub. The proposal aims to legitimize digital assets while fostering a more mature and balanced crypto ecosystem. Fuwattananukul sees the regulatory shift as an opportunity for Thailand’s financial institutions to broaden their portfolios and embrace crypto assets. He explained that the proposal not only supports Bitcoin but also aims to integrate traditional finance and crypto, promoting balanced digital asset growth. Thailand’s SEC recently announced draft regulations allowing institutional-grade mutual and private funds to invest in crypto products. According to Fuwattananukul, this progressive move aligns with global trends and brings Thailand closer to establishing itself as a regional digital asset hub. Additionally, the SEC’s proposal currently seeks public feedback on criteria for mutual funds’ investments in crypto assets. Notably, retail access remains restricted, focusing the new regulatory framework on high-net-worth individuals and institutional investors. What Does the Shift Mean for Thailand’s Crypto Market? Fuwattananukul sees the regulatory shift as an opportunity for Thailand’s financial institutions to broaden their portfolios and embrace crypto assets. He explained that the proposal not only supports Bitcoin but also aims to integrate traditional finance and crypto, promoting balanced digital asset growth. Another critical development in Thailand’s crypto space is the growing interest in real-world asset tokenization (RWA). According to Fuwattananukul, Thai banks are already exploring blockchain-based conversions of traditional assets like real estate, bonds, and equities. He cited research from Tren Finance, projecting a 50-fold growth in the RWA market by 2030. While Thailand’s central bank still prohibits the use of crypto for daily transactions, these regulatory updates signal a strong commitment to fostering a secure and dynamic ecosystem for all market participants. This shift from retail to institutional focus, driven by forward-looking regulations, positions Thailand to lead in the regional digital asset market and strengthens its evolving fintech sector. Highlighted Crypto News Today Ripple Pushes Back on SEC Latest Move With Cross Appeal

Texas, the foremost mining epicenter in the United States, has historically been a strategic cornerstone for Bitmain’s relentless pursuit of mining dominance. However, a stunning reversal has occurred as all of Bitmain’s air-cooling miners, particularly the prestigious Antminer S19 series, have been compelled to cease operations in Texas. The official evaluation is unequivocal: Texas’s extreme climatic conditions, characterized by soaring heat and oppressive humidity, are deemed inimical to the effective functioning of air-cooling antminers. The maintenance predicament within the Antminer S19 series operating in Texas is stark. Units in optimal condition face a 40% repair rate, while those in suboptimal condition experience a staggering 100% repair rate. This led to the gradual withdrawal of the Antminer S19 series from Texas shelves in mid-June this year, coinciding with a notable decline in the network’s overall hash rate around June 16th. At the heart of this issue lies severe corrosion within the hashboards of the Antminer S19 series, particularly the S19K Pro model. The stark contrast in coloration between the air inlet side and the rest of the hashboard is a tangible manifestation of this corrosion, which has been exacerbated by the harsh Texas weather. Upon closer scrutiny, it becomes evident that this predicament stems not merely from environmental factors but from the inherent design flaws of Bitmain’s miners. The continued use of compact heat sinks, while effective for thermal dissipation, has proven to be a double-edged sword under certain conditions. The Bitmain’s Antminer S19K Pro, in particular, adopts a heat dissipation structure reminiscent of the two-sided small radiator of the Bitmain’s Antminer S17, which, under certain circumstances, has proven to be highly susceptible to damage. These circumstances include: Firstly, Transportation Vulnerabilities: The small radiator’s sensitivity to vibrations makes it prone to dislodgement during transit, especially under bumpy conditions or inadequate packaging. Secondly, Rapid Temperature Fluctuations: As evidenced by the Bitmain Antminer S19K Pro’s fluctuating hashrate and increased power ratio with rising ambient temperatures, its small heat capacity exacerbates the impact of rapid temperature changes. This can lead to damage even in the absence of extreme conditions. Thirdly, Moisture-Induced Chip Cracking: After shutdowns spanning a few days, the limited protection offered by the small radiator leaves the chip vulnerable to moisture absorption, which can cause cracking upon restart. In conclusion, Bitmain’s Antminer S19 series has encountered a formidable challenge in Texas’s unforgiving climate, revealing the limitations of their current design approach. As the mining industry continues to evolve, it will be imperative for Bitmain and other manufacturers to adapt their designs to withstand the rigors of varying environments, ensuring reliability and longevity amidst the relentless pursuit of mining dominance. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Chainlink marked a spike of over 4%, trading at $11.82. An analyst predicts LINK’s target price at $20. The major cryptocurrency, Bitcoin (BTC) has been fluctuating between $69K-$65K for the past few days. Certain tokens have lost and regained their momentum. Meanwhile, Chainlink’s price has sustained its price above the $11 mark. Notably, LINK has recently broken through critical resistance at the $11.70 range. This resurgence comes with a 4.82% spike over the past 24 hours. In the early hours, LINK traded at a low of $11.23. Despite struggling at the $11.60 level, the asset briefly signaled an upside rally for the day and climbed to a high of $12.07. At the time of writing, Chainlink was trading at $11.82, with its daily trading volume at $248 million, according to CMC data. On the other side, LINK exhibited a moderate upside momentum over the last seven days, with a 3.30% spike. The asset chose to trade at $11.44, at the start of the week. Over time, LINK’s price has jumped to $12.27. An analyst chart reveals that Chainlink has broken out of a falling wedge pattern and suggests a potential upward movement, with a target of around $20 indicated by the price path drawn. Can LINK Price Go Further? While inferring TradingView’s four-hour technical chart of LINK, the Moving Average Convergence Divergence (MACD) indicator is above the signal line, suggesting the ongoing bullish trend and the buying pressure. LINK chart (Source: TradingView) Notably, the daily relative strength index (RSI) of LINK is positioned at 56.68 in the neutral zone. Meanwhile, the short-term 9-day and the long-term 21-day moving averages are found below the current price momentum. Looking ahead, the positive breakout of Chainlink at $11.96 could pave the way to test its crucial resistance at $12.16. On the flip side, if LINK fails to meet the critical mark, the asset may likely step into the consolidation phase, which could push the price to a low of $11.36. Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing. Highlighted Crypto News Is XRP Ready to Break Free from These Price Barriers?

Metaplanet adopts “BTC Yield” to measure Bitcoin investment performance. BTC Yield reflects Bitcoin holdings growth compared to total shares outstanding. Japanese investment firm Metaplanet has embraced a new performance metric called “BTC Yield” to evaluate its growing Bitcoin holdings, closely following the approach of U.S.-based firm MicroStrategy. Announced on Oct. 25, Metaplanet’s BTC Yield aims to reflect the company’s Bitcoin acquisition strategy’s potential shareholder value, offering a unique measure by calculating the period-over-period percentage change in the ratio between its Bitcoin reserves and fully diluted shares. According to the disclosure, Metaplanet’s BTC Yield reached an impressive 116.4% in October, a notable increase from the 41.7% recorded between July 1 and Sept. 30. The Tokyo-listed firm attributes this spike to a substantial increase in Bitcoin holdings, which more than doubled during the recent quarter. This latest acquisition activity brought Metaplanet’s total Bitcoin holdings to approximately 861.39 BTC, currently valued at $59.04 million. “BTC Yield as a KPI helps assess the performance of our Bitcoin acquisition strategy in a way we believe is accretive to shareholders,” stated Metaplanet CEO Simon Gerovich in an X post accompanying the announcement. The BTC Yield metric, initially introduced by MicroStrategy, the largest corporate holder of Bitcoin globally, offers investors insight into the potential returns on Metaplanet’s Bitcoin purchases. The company plans to release these metrics alongside each Bitcoin purchase announcement, offering transparency on the effects of Bitcoin acquisitions on shareholder returns. Measure of Shareholder Value Growth The firm clarified that while BTC Yield provides insight into its acquisition strategy, it does not serve as an indicator of operational performance, liquidity, or direct profitability. This limitation means BTC Yield should be interpreted strictly as a measure of shareholder value growth rather than as a conventional financial metric. Furthermore, it does not consider liabilities or reflect potential future gains for shareholders. Dubbed “Asia’s MicroStrategy” by market observers, Metaplanet first announced its Bitcoin acquisition strategy in May 2024 to counter economic instability in Japan. The investment firm has since aggressively expanded its Bitcoin reserves, echoing MicroStrategy’s pioneering approach and aiming to bolster shareholder confidence through a consistent, transparent Bitcoin purchasing strategy. Highlighted News Of The Day Ripple Pushes Back on SEC Latest Move With Cross Appeal

Microsoft is preparing for a critical shareholder meeting on December 10, during which the future of Bitcoin as a potential investment will be a heated topic. At present, Bitcoin is trading at approximately $68,115, which represents an increase of approximately 1.22%. The rise in interest aligns with constant debates around the cryptocurrency as an inflation hedge, which some Microsoft investors find appealing. Microsoft’s Position On Bitcoin Microsoft revealed in a recent application to the US Securities and Exchange Commission that it will propose evaluating Bitcoin investment during the forthcoming conference. The National Center for Public Policy Research (NCPPR) says that Bitcoin has done better than traditional investments and could be a good way to protect against inflation. Microsoft’s board, on the other hand, wants shareholders to vote against this plan because the company has already looked at a wide range of investable assets, including cryptocurrencies. According to a spokesperson for the company: This emphasizes the careful strategy that Microsoft has adopted as far as the management of its corporate treasury is concerned as well as for the benefit of enhancing the shareholders value for the long term. The board is of the opinion that the requested public appraisal is unnecessary, as they already monitor trends and developments in the cryptocurrency sector. Big-Wig Stockholders Microsoft’s major shareholders include a number of major institutional investors, such as Vanguard, BlackRock, and State Street. These organizations own a large percentage of the company and have considerable power to affect its policy direction. Although some shareholders are advocating for Bitcoin investments, others may be more in line with the board’s cautious stance. It is important to note that BlackRock has been actively increasing its Bitcoin holdings through its ETFs. BlackRock’s iShares Bitcoin Trust ETF has registered inflows to the tune of over $317 million in a 24-hour timeframe, according to recent reports. This trend implies that there is an increasing institutional interest in Bitcoin, despite Microsoft’s reluctance to implement comparable measures. The Road Ahead As the December conference gets ready, the debate about Bitcoin’s importance in Microsoft’s investment plan gets more intense. The NCPPR argues that businesses should commit at least 1% of their whole assets to Bitcoin to help to reduce inflation risks. Despite this project, Microsoft insists that its present corporate treasury distribution policies are sufficient. Bitcoin has experienced a nearly twofold increase in value in the past year and has recorded a remarkable 414% increase over the past five years. Although Microsoft may not be completely prepared to invest in cryptocurrency investments at this time, the increasing interest from institutional investors such as BlackRock suggests that the discourse surrounding Bitcoin is far from over. Microsoft’s upcoming shareholder meeting will be the focus of all attention, and it is uncertain whether the tech giant will alter its position on cryptocurrencies or maintain its commitment to stability in its investment strategy. Featured image created with Dall.E, chart from TradingView

Many are questioning whether the well-liked meme coin may bounce back from its present downturn and restore its all-time high (ATH) of $0.00008 by the end of 2024 as Shiba Inu (SHIB) still rules talks among the crypto community. Renowned for prior extreme price swings, SHIB is navigating a difficult road ahead, and the likelihood of hitting its ATH before 2024 ends seems low. Conversely, with a potential for notable gains in the next months, a fast-growing rival, Rexas Finance (RXS), an RWA (real-world asset) token, is becoming a more interesting investment choice as it shows the potential to increase in value by 234%. Current Performance of Shiba Inu Reflecting a 76.56% drop from its ATH of $0.00004591, SHIB is trading as of writing at $0.00001826. SHIB has battled to break out from its downtrend over the last three months, displaying little momentum to turn around. At $0.00000855, SHIB is currently approaching a major support level; should it fall short, another decrease could be in store. Given the lack of notable triggers and the general bearish attitude toward the meme currency, analysts believe SHIB is unlikely to witness a rally of the kind needed to clear its ATH before the end of 2024. SHIB would have to ascend 400.97% from its present price if it were to achieve its ATH of $0.00008. Such a shift appears unrealistic, particularly given meme currencies mostly rely on speculative excitement and social media-driven pumps instead of strong use cases. Investors have rising mistrust of SHIB since it has struggled to provide real value beyond its meme-based attraction. Rexas Finance (RXS): An Interesting substitute While SHIB’s prospects remain poor, another token, Rexas Finance (RXS), is swiftly attracting attention in the crypto community. Unlike SHIB, which is mostly driven by memes and social media trends, Rexas Finance is an RWA-focused project aimed at transforming the way people invest in real-world assets such as real estate, commodities, and art. Having already jumped 100% from its starting price of $0.030, Rexas Finance is currently valued at $0.060 in its presale stage 4. Strong investor enthusiasm drives this remarkable increase; thus far in its presale, $4,283,900 has been raised. With the token set to hit $0.2 upon public launch, analysts predict Rexas Finance will keep on its increasing trend. For individuals looking for significant short-term gains, Rexas Finance would be a considerably more enticing investment choice as this would show a 234% rise before the end of 2024. Why Rexas Finance Outfits SHIB Rexas Finance’s increasing appeal stems mostly from its creative method of tokenizing actual assets (RWA). Rexas Finance provides actual value that distinguishes it from meme tokens like SHIB by letting users purchase and trade fractional ownership of real assets via blockchain technology. Growing numbers of investors were drawn to this real-world value, therefore establishing Rexas Finance as a possible crypto game-changer. Moreover, Rexas Finance has already shown up on CoinMarketCap, offering prospective investors thorough information and real-time tracking. The project’s listing on such a credible platform raises its profile in the market and gives its aim legitimacy. This, together with the fact that Rexas Finance has not sought venture capital (VC) backing, lets private investors take part in its early phases without having institutional players drown out them. Rexas Finance is giving a $1,000,000 giveaway to encourage early presale involvement. Twenty winners of this campaign will each get $50,000 worth of RXS tokens, therefore generating even more buzz about the initiative. This giveaway increases the demand for Rexas Finance as a must-watch token in 2024. SHIB’s Uphill Battle and the Bright Future of Rexas Finance Shiba Inu is not very likely to clear its $0.00008 ATH as the year closes. The token is in a declining trend; its lack of actual value and dependence on meme-driven hype make a 400.97% rally unlikely. With its creative RWA platform, 234% growth potential before the end of 2024, and long-term possibilities of hitting $0.2 upon its launch, Rexas Finance presents a more interesting investment possibility. Rexas Finance offers a significantly more appealing choice for investors looking for a high-growth substitute for SHIB approaching 2025. About Rexas Finance :- Website: https://rexas.com Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

Ripple submitted the filing for Form C of a Cross appeal ahead of the deadline coming to an end. The Ripple Vs. SEC lawsuit has been prolonged for more than four years, having started in 2020. The crypto market has shown positive price actions in the past 24 hours much to the relief of community members. On the other hand, today’s spotlight was cast on a US government-related wallet compromise and the subsequent loss of funds. Meanwhile, the Ripple Vs. SEC lawsuit has taken yet another interesting turn. Notably, Ripple has submitted Form C for Cross Appeal after the SEC’s last-minute appeal filing a few days ago. The cryptocurrency firm got in the filing as the deadline was coming to an end as per sources. Ripple’s lawyer, James K. Filan shared the documents on his X account. According to the cross appeal pre-argument statement, Ripple has raised several issues that request for cross-examination of previous court verdicts passed. As one crypto lawyer Bill Morgan elucidated, it addresses the essential ingredients issues, institutional sales, and other issues. Moreover, the filing has caught the attention of several crypto attorneys and lawyers who expressed their views. John Deaton, a prominent senator and crypto attorney, also discussed several key instances of Ripple and SEC’s lawsuit over the years. What Does the Recent Filing Mean for Ripple Vs. SEC Lawsuit? Ripple’s Chief Legal Officer, Stuart Alderoty provided clarity on the filing. He stated on his X account that the cross appeal would prevent the case from going to litigation. Further, Alderoty also highlighted how the SEC cannot submit new evidence for the case or ask the firm to produce more. He also clarified that the filing is not regarding XRP’s position as a security. Stuart Alderoty stated in his X post: On the other hand, the SEC has not altered its crypto approach. Only recently, the regulator’s chair Gary Gensler stated that their regulation through enforcement would go on undeterred. The regulator is still battling against one of the largest crypto exchanges, Coinbase. Highlighted Crypto News Today: Is Whale Activity the Reason Behind GOAT’s 20% Price Dip?

Dogecoin has enjoyed a sharp 16% rally during the past week. Here’s how this analyst’s “Risk Indicator” is looking for DOGE after this run. Dogecoin Risk Indicator Has Given A Red Signal Recently In a new post on X, CryptoQuant community manager Maartunn has shared a “Risk Indicator” for Dogecoin. As for what the metric does, the analyst has explained, The risk here is toward Bitcoin and since the rest of the sector usually follows in its lead, it would also be toward cryptocurrencies as a whole. Below is the chart for the indicator posted by Maartunn. As is visible in the above graph, the Dogecoin Risk Indicator has been giving a signal during the past week or so as the DOGE price has registered a notable jump of 16% From the graph, it’s also apparent that each time the indicator has lit up in the past few months, the price of Bitcoin has probably hit some top. Indeed, since the latest signal has appeared, the BTC rally has been derailed, which implies fast growth in the memecoin’s price may once again have proven to be a bad omen for the sector. Now, why does this pattern exist? The reason is that whenever memecoins break away from Bitcoin and the company, it’s usually a sign that greed is taking over the market. Historically, cryptocurrencies have tended to move in the direction that the crowd expects, so excessive greed often leads to a bearish outcome. Investors have recently been speculating on memecoins like Dogecoin, seeking fast returns. Still, if this previous pattern is to go by, DOGE and others may have to slow down if the market has to continue its uplift. In some other news, the market intelligence platform IntoTheBlock has shared an update on how the average holding time compares between the major cryptocurrency networks in an X post. As displayed in the above table, Bitcoin is leading in this metric, with cryptocurrency investors holding for an average period of 4.4 years before transferring their coins. Ethereum, Dogecoin, and Shiba Inu are all tied for second, with the figure at 2.4 years for each. Thus, while the memecoins do get a lot of speculative activity, they have still managed to establish a userbase that’s as stubborn as that of Ethereum. DOGE Price The Dogecoin rally has slowed in the last few days as the coin’s price is still trading around $0.142.

On October 25th, Binance and OKX exchanges announced the launch of GOAT futures trading, causing a price surge that fueled market excitement. Notably, MEXC was the first exchange to offer GOAT spot trading on October 13th, followed by futures trading on October 17th, complete with a series of futures trading events to drive user engagement and rewards. According to MEXC market data, on October 24th, the market capitalization of GOAT token on the Solana chain surpassed $800 million, with the price reaching 0.797 USDT at the time of writing and a historical peak of 0.90218 USDT. The 24-hour global trading volume reached $246 million, maintaining high market interest. What is Goatseus Maximus (GOAT)? Goatseus Maximus (GOAT) originated from an idea generated by the Truth Terminal AI Bot in its self-conversations. The AI Bot operates in a semi-autonomous mode, with its posts on X (formerly Twitter) requiring approval from human moderators, who also decide which accounts the bot interacts with. Since the creation of the GOAT token on Pump.fun, it has quickly gained market attention, with its market capitalization soaring rapidly. GOAT has been listed for trading on major exchanges like Binance, OKX, and MEXC, continuing to attract market interest and supporting the project’s future development. MEXC’s Global First Listing of GOAT Sees a 2,471% Price Surge MEXC data shows that on the day of its listing, GOAT opened at 0.035 USDT and experienced a steep rise, reaching a record high of 0.90218 USDT by October 24th, reflecting an impressive 2,471% surge. As GOAT continued to gain market traction, Binance and OKX announced the launch of GOAT futures trading on October 24th, further fueling market enthusiasm and driving the token’s price to new heights. MEXC, having listed GOAT early on, capitalized on this momentum, enabling users to benefit from the token’s significant price increase. According to MEXC data, over 240 meme coins have been listed on the platform. In addition to GOAT, MEXC has also listed meme coins such as BONK, PEPE, and NeiroCTO, many of which have delivered exponential returns. In addition to the impressive returns of meme coins, MEXC offers a comprehensive range of trading pairs. According to CoinGecko data, MEXC has 3,027 spot trading pairs and 548 futures trading pairs. The platform also provides the lowest trading fees in the industry, helping traders reduce their trading costs. Industry-leading liquidity allows traders to execute orders faster with smaller spreads. MEXC also hosts free airdrops via its Kickstarter and Launchpool events throughout the year. These events allow users to participate by holding a specified amount of MX tokens, and offer potential cumulative annual returns of up to 65.82%. The rise in meme coins has sparked a fresh wave of trading excitement among investors. Trade meme coins on MEXC to catch the market’s top gainers and uncover even more hidden gems. Your next wealth opportunity is in your hands! Disclaimer: Cryptocurrency investments carry inherent risk, and meme coins are characterized by high volatility and high risk. Past performance does not guarantee future results. Traders should conduct their own research and assess their risk tolerance. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

A whale sold 9.23 million $GOAT tokens, realizing over $9 million in profits. $GOAT’s price is currently $0.6703, with a 24-hour trading volume of $546.40M. Memecoins are once again making waves in the cryptocurrency space. With a surge in popularity, these tokens are being actively traded by both retail investors and whales alike. One such memecoin grabbing attention is Goatseus Maximus ($GOAT). Like others in the space, $GOAT is riding the current memecoin trend, with massive price and trading volume fluctuations. A notable transaction involving a giant whale has brought the spotlight to $GOAT. Yesterday, a whale who had accumulated more than $9 million in profit sold 9.23 million $GOAT tokens for $7.13 million. The whale initially purchased 22.48 million $GOAT at an average price of $0.334, spending $7.5 million. Approximately 17 hours ago, the whale began unloading its holdings. They sold 6.7 million $GOAT tokens for $5.18 million for $0.773 on-chain, followed by depositing 2.53 million $GOAT into the Gate.io exchange (valued at $1.95 million). After these transactions, the whale still holds 13.25 million $GOAT, valued at $9.7 million, with total profits exceeding $9 million. Current Market Performance of GOAT At the time of writing, $GOAT is priced at $0.6703, representing a 19.92% decrease over the past 24 hours. Despite this decline, the trading volume has surged by 40.78%, reaching $546.40 million. The market cap stands at $682.54 million, showing a strong presence in the memecoin space. The volume/market cap ratio is currently at 75.45%, indicating high trading activity relative to its market value. On the technical front, $GOAT is trading between key support and resistance levels. The support level is around $0.475, indicating where buying interest is likely to emerge if prices dip. On the upside, resistance is seen at $0.76, where selling pressure may increase as the price approaches this level. Meanwhile, the 9-day moving average shows bullish momentum, with the price sitting above the short-term trendline, indicating a possible continuation of the upward trajectory if market sentiment remains favorable. Highlighted Crypto News Today Microsoft Shareholders to Vote on Potential Bitcoin Investment

Cat in a dogs world (MEW) has taken the market by storm after becoming the second cat-themed memecoin to hit a $1 billion market capitalization. The token joined POPCAT’s rally and reached a new all-time high (ATH) on Thursday, leading the whole feline sector. MEW Hits Major Milestones Cat in a dogs world registered a significant 18.4% surge in the last 24 hours, propelling to a new ATH twice this morning. The cryptocurrency recorded its fifth ATH in the past two weeks, increasing over 95.2% and taking the memecoin sector by storm. After its surge to $0.01127, the cryptocurrency hit the long-awaited $1 billion mark, becoming the second cat-themed token to achieve this feat. As a result, MEW flipped Base Network’s token Brett as the tenth largest memecoin by this metric. MEW initially joined the memecoin’s top ten list back in Q2, ranking 8th among the dog-themed pack. It significantly retraced as POPCAT’s popularity grew, registering a 60% correction after leading the cat-themed sector during Q1. Nonetheless, the cryptocurrency has been on an uptrend for the past month after hovering between the $0.004-$0.006 price range during most of Q3. MEW’s rally this week seems to be fueled by the token’s listing on the Korean crypto exchange Upbit. Market watcher Crypto General noted the memecoin’s recent performance, revealing its next target for MEW. The analyst highlighted that the cryptocurrency has been “in a consistent uptrend from its launch, showing great strength and potential.” Crypto General expects parabolic surges in the coming days, suggesting that the cryptocurrency will target the $0.045 range for its price discovery period. As of this writing, MEW traders at $0.0112, 1.1% below its ATH. Has The Cat Season Arrived? Many crypto analysts have previously suggested that a cat-themed memecoin season was coming. Solana’s feline leader, POPCAT, recorded a new ATH on Thursday after hitting the $1.67 mark. The memecoin has registered an 82% growth in the last thirty days, becoming the first cat-themed token to achieve the $1 Billion market cap milestone a month ago. Alongside MEW and POPCAT’s remarkable rally, other cat-inspired memecoins have seen a notable performance over the past week. BNB Chain-based token Simon’s Cat (CAT) recorded a massive surge in the past week, nearing its all-time high price on Wednesday. CAT’s price skyrocketed 80.4% in the last three days following its Future Listing on the crypto exchange Binance. The price jumped from the $0.0000245 level to the $0.0000442 mark, trading just 5% below its $0.0000462 ATH registered over a month ago. Despite being down 5.1% from yesterday’s surge, CAT still registers a 53% weekly increase. Crypto Trader Bluntz stated that the “cat season is truly underway” as the whole sector soars over 8%, according to CoinGecko data.

Microsoft shareholders to vote on Bitcoin investment proposal in December. Board opposes proposal, cites ongoing asset evaluations including Bitcoin. Microsoft shareholders will soon decide whether the company should publicly assess the potential of adding Bitcoin to its balance sheet. An October 24 filing with the U.S. Securities and Exchange Commission (SEC) reveals the proposal, named “Assessment of Investing in Bitcoin,” will be presented for a vote on December 10. The proposal was put forward by the National Center for Public Policy Research (NCPPR), a conservative think tank, which cited the example of MicroStrategy—a company that has integrated Bitcoin as a key part of its business strategy. According to NCPPR, MicroStrategy’s Bitcoin-driven approach has reportedly outperformed Microsoft by over 300% this year. The NCPPR argues that Bitcoin could offer benefits as a hedge against inflation and declining bond yields, suggesting that even a modest allocation, such as 1% of Microsoft’s assets, might offer potential advantages. However, Microsoft’s board of directors recommends that shareholders vote against the proposal, citing ongoing internal evaluations of various investable assets, including Bitcoin. AI Takes Priority as Microsoft Reassesses Blockchain Focus In its opposition statement, the board noted, “Past evaluations have included Bitcoin and other cryptocurrencies among the options considered, and Microsoft continues to monitor trends and developments related to cryptocurrencies to inform future decision-making.” The company emphasized that it already assesses a wide array of assets and sees no need to publicly announce Bitcoin investment considerations. Microsoft has previously interacted with Bitcoin, notably accepting it for online Xbox store payments between 2014 and 2018. However, the tech giant has since focused more on artificial intelligence technologies than on blockchain and cryptocurrency developments. The December 10 meeting will feature votes on other corporate matters, including governance policies, executive compensation, and board member elections. The proposal reflects a broader trend of increasing interest in cryptocurrency among corporations, amid rising institutional adoption of digital assets. Highlighted News Of The Day Is XRP Ready to Break Free from These Price Barriers?

XRP trades at $0.5248, plunged by 1.12% in the last 24 hours. The asset could reclaim its bullish momentum if it breaks through the $0.55 resistance level. XRP has wrestled to regain its bullish momentum over the past few weeks. The asset failed to cross the crucial $0.55 resistance mark. In addition, Ripple Labs has been involved in a lengthy lawsuit with the SEC, but recent developments have rekindled community interest. Analysts are expecting a notable shift in the legal battle and its impact on the XRP price. Notably, the current price momentum suggests a brief decline, having plunged by 1.12% in the last 24 hours. XRP has climbed from a low of $0.5128 to a high of $5315. At press time, the asset traded at $0.5248 as per CMC data. Consequently, the daily trading volume of XRP has dropped over 16.10% to $850 million. In addition, XRP’s bearish sentiment has continued over the past month and week. Over the past seven days, the asset lost over 3.35%. The token started trading at $0.5435 and slipped to a low of $0.5381. The asset struggled to break the nearby resistance to overcome the bearish pressure. On the other hand, a transfer of 29.09 million XRP, valued at approximately $15.51 million, was made from an unknown wallet to the exchange Bitso over 24 hours. Will XRP Price Face Hurdles? The asset’s four-hour technical chart exhibits the Moving Average Convergence Divergence (MACD) indicator above the signal line. Notably, the daily relative strength index (RSI) of XRP is positioned at 36.16, nearly in the oversold condition in the market. XRP chart (Source: TradingView) Meanwhile, the short-term 9-day and the long-term 21-day moving averages are found at $0.5285 and $0.5312, respectively, above the current price momentum. Besides, if the XRP bulls became aggressive, the price could break and move above the critical resistance level of $0.5283. If this positive sentiment persists, the asset will likely retest the nearby resistance and might push the price toward the $0.5310 mark. However, if XRP bulls fail to hold their ground, the price might bottom to its recent low at $0.5210. Further loss of the asset may take the price to $0.5182. Highlighted Crypto News Shiba Inu Burn Rate Jumps Over 65,500% as Millions of SHIB Vanished

After a downturn in the market, the alternative coins popularly known as the altcoins are gaining traction once again this time, with Ripple (XRP) and Cardano (ADA) spearheading the ride up to new highs by the year 2025. Predictions suggest that both XRP and ADA will witness meaningful growth, but Rexas Finance will be the biggest performer of them all, with over 10,000% growth to reach $10 in the year 2025. Ripple (XRP) and Cardano (ADA) Eyeing New Highs by 2025 It seems that the most optimistic approach to XRP and ADA prices by 2025 is a strictly bullish one, mainly because these altcoins have a reasonably bright future and the overall crypto market also improved over the long term after being under pressure.Ripple is recovering from a low point following adverse rulings from the SEC against them and has been well respected on the market for what seems a long time in history. Ongoing movements within the XRP network and speculations concerning its application in cross-border payment systems have evoked interest resources making it ready for future increases in value.At the same time, Cardano also has begun its progress away from $0.27 which was the August 2024 low. The increasing number of users with Added smart contract features and a DeFi ecosystem has also assisted in Cardano’s growth throughout the past few years. Every single expert in this area converged to the opinion that both tokens are likely to outperform the current levels by 2025.As Ripple and Cardano are aiming for the stars, there is a perfect trending token, Rexas Finance (RXS), that is expected to skyrocket and hit $10 by the year 2025, a massive return of over 10000%. Rexas Finance (RXS): The Top Trending Token Currently in the presale phase and getting itself well known in the crypto world is Rexas Finance which seeks to tokenize real-world assets. Rexas Finance has come up with an innovative feature that lets users rent, trade, or simply own any real-world asset from any part of the world. This is quite a paradigm shift in the provision of investment opportunities as it gives individual investors and asset holders easy access to the market. Rexas Finance (RXS), unlike other NFT projects, is very simple because it focuses on making the process of asset tokenization as clear and straightforward as possible, enabling the asset tokenization of anything including real estate and other high-value properties. Rexas Finance (RXS) Ongoing Price Surge One key factor behind the rapid increase in the popularity of Rexas Finance is the trust and credibility it has established with the community of crypto enthusiasts. Unlike many projects today which have to depend on VC funding, Rexas Finance is on a public presale, allowing them to have fair access to the presale. Tokens can currently be purchased at $0.06 and the fourth phase of the presale is currently in progress. The earlier stages of the project have already secured $3.75 million from sales, a true indication that several people have considerable faith in the platform’s future. Many raised eyebrows when Rexas Finance decided not to go the traditional fundraising route and instead opted to rely on the public for the presale. The token has been promising as it is likely to deliver high returns even before the presale. With a projection of approximately 3x return on investment in less than a month from the end of the presale, which is just a preview of what this project is likely to look like by 2025. Price Potential: Skyrocketing 10,000%+ to $10 Further, the market fundamentals focusing on Rexas Finance (RXS) have also given rise to a long-term view. As analysts expect, Rexas Finance is likely to go up to $10 with an astronomical price increase in the future earning them gains of over 10,000% from its presale price. The very conditions of the innovative application of the project’s blockchain technologies and tokenization of real estate assets as well as the democratization of ownership have sort of consistently set the pace for growth to be phenomenal. As the platform continues to mature, it is anticipated that its popularity will also grow especially with institutional investors who still remain underutilized within the RWA tokenization space.Rexas Finance (RXS) is presenting investors with an unprecedented opportunity to actively join the community that is very likely to transform how users purchase, trade, and possess real-world assets. As the project is still conducting its presale stage, there is no better moment to engage with this promising project which is expected to grow exponentially by 10,000% or more by 2025. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

Bitcoin (BTC) is currently witnessing a price recovery after a brief dip earlier in the week. Despite these fluctuations, a CryptoQuant analyst under the pseudonym BaroVirtual has shared some encouraging long-term insights regarding whale activity. According to the analyst, whales—large holders of Bitcoin—now control approximately 670,000 BTC, the highest amount ever recorded. This accumulation phase by whales is being seen as a positive signal for Bitcoin’s long-term outlook. Whale Continues Accumulation BaroVirtual emphasized that when whale holdings reach such high levels, Bitcoin tends to remain in a sideways trading pattern or experiences mild price declines. This accumulation phase, however, often serves as a precursor to significant upward movement in the cryptocurrency’s value. The analyst described this phase as the “calm before the storm,” suggesting that a major price surge could be on the horizon as whales gradually reduce their holdings. This pattern has historically led to long-term price increases for Bitcoin. BaroVirtual also warned of potential risks tied to the upcoming US presidential elections, noting that if Bitcoin fails to update its all-time high between the elections and late November, it could signal deeper issues within the current bull cycle. The post on the CryptoQuant QuickTake platform read: Bitcoin Market Performance And Outlook In parallel with these developments, Bitcoin has seen a rebound in price following a recent dip that followed its attempt to break through the $70,000 level on Monday. After the correction, Bitcoin is currently trading at $67,658, marking a 2.4% increase in the past day. This price recovery aligns with technical signals indicating a potential continuation of the bull run. A well-known crypto analyst known as CryptoBullet recently noted on X that Bitcoin’s weekly Moving Average Convergence Divergence (MACD) indicator has crossed into bullish territory for the first time since October 2023. CryptoBullet highlighted that this setup is reminiscent of Bitcoin’s 2021 price action, which saw a similar vertical rally followed by a mid-term correction. However, unlike 2021’s deeper correction, the current phase has taken more time to unfold but has not been as severe. The analyst remains optimistic, predicting that Bitcoin will likely break out of its multi-month consolidation phase, leading to a new all-time high in price. Featured image created with DALL-E, Chart from TradingView

Shiba Inu’s burn rate has surged over 65,500%, with 2,652,095 $SHIB burned in the past 24 hours. SHIB price declined around 1.56% and traded at $0.00001762. This week began on a bearish note for the cryptocurrency market, with many tokens struggling to recover from recent lows. Among them, the popular meme coin Shiba Inu (SHIB) has seen a dip of over 1.5% in the last 24 hours, despite a remarkable spike in its burn rate. According to the Shibburn tracker, over 2.6 million SHIB tokens were burned in 5 transactions, pushing the burn rate to an impressive 65529%. The SHIB burn aims to reduce the token supply, which is expected to drive up the token’s price by increasing scarcity in the market. Shiba Inu (SHIB) Burn Rate (Source: Shibburn) However, this surge hasn’t impacted positive price movement for SHIB. At the time of writing, the meme coin is trading at $0.00001762, down from an intra-day high of $0.00001806, with a low of $0.00001742 recorded today. Additionally, daily trading volume has dropped significantly, declining by about 21% to $224 million. Shiba Inu (SHIB) Market Overview The price of Shiba Inu has dipped below the crucial $0.000018 mark as of October 25, reflecting a 5.76% decrease over the past week and marking a potential fifth consecutive day of declines. This follows a steep downtrend that began after SHIB rejected the $0.000020 resistance level on October 21. Interestingly, SHIB did enjoy a rally earlier this month, rising over 17.63% since October 10, benefiting from the 2024 “uptober” trend. Despite the recent bearish sentiment, technical indicators present a slightly optimistic picture for SHIB. The price is hovering around $0.00001768, closely aligned with a 9-day EMA. Shiba Inu (SHIB) Price Chart (Source: TradingView) The Relative Strength Index (RSI) sits at 39. That indicates the asset is somewhat weak but not yet oversold. Also, that might open the door for buying opportunities if market conditions improve. Meanwhile, the Chaikin Money Flow (CMF) is at 0.02, suggesting a modest influx of funds into the asset. Shiba Inu is expected to trade $0.00001711 to $0.00002312 for the upcoming days. Highlighted News Of The Day Bitcoin Pauses at $67.8K Before Resuming Price Rally Post Brief Dip

Bitcoin price has factored in a modest price increase of 0.72% in the last 24 hours. The cryptocurrency’s daily trading volume has dropped by 12.28% as per CMC data. The digital assets sector encountered a shocking incident, as a US government-related crypto wallet was compromised. The attack led to a loss of $20 million worth of funds in the form of USDT, USDC, aUSDC, and ETH tokens. Meanwhile, on turning to the prices table, Bitcoin has resurfaced at $67K, much to the relief of community members. In the last 24 hours, the largest cryptocurrency has exhibited a modest gain of 0.72% rising to the $67K level. At the beginning of the day, Bitcoin managed to surpass $67,000 after its recent dip to the $66K support. However, as the day progressed, BTC surged to hit an intraday high of $68,693. At the time of writing, Bitcoin was trading at $67,826 as per CMC data. Incidentally, Bitcoin’s brief price dip began its action on October 22, when the token slid from $68,000 to current trading levels. In the following days, the bears continued to overpower, as prices slid further to a weekly low of $65,260 on October 24. However, in the last few hours, Bitcoin has reverted from this trend. However, when inferring the cryptocurrency’s weekly chart, owing to the recent price dip it shows a mild price decrease of 0.24%. Notably, in the middle of this week, Bitcoin tested the $69K level on October 21, hitting a weekly high of $69,519. Will Bitcoin Bulls Take Back Control? On inferring Bitcoin’s technical indicators certain analyses can be drawn. Firstly, the cryptocurrency has been experiencing increased volatility as indicated by the RVI standing at 53.03. Secondly, Bitcoin’s bull power value stands at 0.96 while its bear power value stands at -1.04. BTC/USDT Daily Price Chart (Source: TradingView) In order for the bulls to regain control the cryptocurrency’s high volatility must subside. Meanwhile, as the bear power value highlights, the bulls still hold a window of opportunity to overpower their adversaries. On the other hand, the cryptocurrency’s RSI value is at 60.87 suggesting a neutral market sentiment as per TradingView data. Additionally, other cryptocurrencies such as Ethereum and XRP have factored in modest pierce increases and decreases respectively. Highlighted Crypto News Today: These Firsts of Bitcoin Since 2009 Are Worth Noting

MEXC and MEXC Ventures are proud to announce a $20 million Aptos ecosystem fund. Aptos is a Layer-1 blockchain platform renowned for its high-performance infrastructure and commitment to advancing Web3 mass adoption. This ecosystem fund is designed to support the Aptos ecosystem’s continuous innovation. This fund will sponsor hackathons, invest in, and incubate early-stage projects and provide support for the MOVE developer community. As Aptos scales its capabilities and continues to pioneer innovations in Web3, this strategic commitment reflects a shared vision for the broader adoption of blockchain technology and empowering developers to unlock new possibilities for decentralized applications. “Aptos, with its high-performance infrastructure, innovations such as Block-STM, and the seamless interoperability of the Move ecosystem, has cultivated a thriving, developer-focused environment,” said Tracy Jin, VP of MEXC. “At MEXC, we are committed to delivering tangible value to our users by focusing on pioneering projects like Aptos. This commitment enhances our community’s experience while advancing the future of blockchain technology.” This commitment reinforces MEXC’s long-term vision of aligning with innovative blockchain initiatives. Through its actions, MEXC aims to strengthen its ecosystem by offering users meaningful benefits to encourage growth in the space. MEXC Exchange Unveils Multimillion-dollar Promotions To mark this event, the MEXC Exchange is launching a series of promotional campaigns running from late October through January. Both new and existing users can join Aptos trading activities and compete for a share of the prize pool. These campaigns will offer a variety of exciting incentives, including zero trading fees, staking rewards, competitive trading competitions, and “Learn-to-Earn” programs — creating diverse opportunities for community engagement. MEXC Ventures Announced its Investment into Aptos Ecosystem Projects As the inaugural initiative of this ecosystem fund, MEXC Ventures has recently committed to investing in two promising projects on Aptos: – Aries Market: The No.1 DeFi Platform on Aptos by TVL, leading as the First and Biggest Lending Protocol since day one. Aries Markets provides a comprehensive suite of DeFi products designed to serve as the universal gateway to the Move ecosystem, including lending, borrowing, margin trading, swapping and more. This wide array of services underscores Aries’ commitment to leading innovation and enhancing widespread adoption in decentralized finance. – Amnis Finance: The #1Liquid Staking Derivative protocol and the #2 DeFi protocol by TVL on Aptos. Amnis Finance introduces a secure, user-friendly and innovative liquid staking protocol that empowers users to effortlessly maximize returns on their APT tokens while unlocking their liquidity.They aim to become a foundational pillar in the Aptos Ecosystem to drive credit expansion through APT staking. MEXC Ventures is also proud to sponsor the Aptos Code Collision. By participating in this hackathon, MEXC Ventures aims to discover unicorns and support builders in the Aptos ecosystem. MEXC Ventures is a comprehensive fund under MEXC dedicated to driving innovation in the cryptocurrency sector through investments in L1/L2 ecosystems, strategic investments, and M&A. MEXC Ventures became an initial advocate and prominent investor in the TON ecosystem in 2022, empowering the ecosystem to achieve significant growth. MEXC Ventures supported early-stage TON projects through investment and listing. Under the ethos of “Empowering Growth Through Synergy,” MEXC Ventures looks forward to staying at the forefront of Aptos’ innovations and actively engaging with MOVE builders to drive ecosystem growth. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.