Ripple chairman Chris Larsen donates $11.8M total to Kamala Harris campaign. Prominent crypto figures call for XRP boycott, claiming misalignment with crypto values. Ripple CEO defends right to individual political contributions while maintaining company’s bipartisan stance. The cryptocurrency community finds itself embroiled in controversy following Ripple chairman Chris Larsen’s substantial political contributions to Vice President Kamala Harris’s presidential campaign. Larsen’s recent $10 million XRP donation, following a previous $1 million contribution, brings his total support to $11.8 million, sparking intense debate within the crypto sphere. Notable figures in the cryptocurrency space have voiced strong opposition to these political contributions. Mike Alfred, a respected value crypto investor and board director, has taken a particularly firm stance, arguing that investors have no justification for holding XRP given the chairman’s political allegiances. XRP community outraged This sentiment has been echoed by X user Layah Heilpern, who accused XRP’s leadership of “dumping” on their community to support what she characterizes as “Marxist” politicians. The controversy has extended beyond individual critics, with Messari founder Ryan Selkis going so far as to declare XRP “dead” in light of these political developments. These reactions highlight the growing tension between cryptocurrency’s traditionally anti-establishment ethos and increasing engagement with mainstream political institutions. Larsen’s support for Harris’s campaign began modestly with a $6,600 donation earlier this year, setting a precedent for subsequent larger contributions. This pattern of support aligns with other major donors to Harris’s campaign, including Facebook co-founder Dustin Moskovitz and Illinois Governor JB Pritzker, who have contributed $10 million and $5 million respectively. Ripple CEO Brad Garlinghouse has stepped into the controversy, defending individual rights to political expression while emphasizing Ripple’s organizational commitment to bipartisan engagement. He stressed that the company’s focus remains on advocating for pro-crypto policies across party lines, particularly in the context of current regulatory challenges.

Blockchain gaming is undergoing a transformative change, merging engaging gameplay with decentralized benefits. Hamster Kombat has introduced a CEO feature that allows players to manage game studios and develop games, advancing beyond simple crypto transactions. OMERTA combines AAA gaming with blockchain features, providing players with real asset ownership and attracting both traditional gamers and crypto enthusiasts. Meanwhile, BlockDAG (BDAG)’s TG Miner allows for the accumulation of BDAG coins through gameplay, with its significant presale success highlighting its appeal among gamers and crypto buyers alike. Hamster Kombat Revamps Game Strategy with New CEO Feature—What’s in It for Players? Hamster Kombat is transforming its gameplay with a thrilling update that allows players to step into the shoes of a CEO in the virtual gaming world. This major shift comes after its initial season focused on cryptocurrency exchange management. The new chapter empowers players with enhanced control over game studios and financial strategies, including hiring staff and launching successful games. This update not only broadens the gameplay experience but also integrates player feedback to offer more autonomy in token management. By allowing players to retain tokens within the game’s ecosystem and promising future rewards for sustained engagement, Hamster Kombat is strengthening player purchase in the game. The developers have further bolstered trust within their community by publishing wallet addresses for vested tokens, enhancing transparency and addressing previous distribution concerns. OMERTA: Leading the Future of Blockchain Gaming As the blockchain gaming market is projected to reach over $65 billion by 2027, OMERTA stands poised to carve its niche in this booming sector. It eschews the typical Play-to-Earn model for a richer integration of AAA gaming quality with the perks of blockchain technology, giving players ownership of in-game assets and a stake in the game’s economy. This blending of high-quality gaming with the financial benefits of blockchain technology is attracting a diverse audience, from casual gamers to blockchain enthusiasts. OMERTA not only provides an absorbing gaming experience but also offers tangible value from gameplay, positioning it at the forefront of the next wave of gaming innovations, enticing those eager to partake in this cutting-edge gaming revolution. BlockDAG’s TG Miner: Play, Earn, and Elevate Your BDAG Holdings BlockDAG is redefining the gaming experience with its TG Miner game, providing a thrilling way for users to gather BDAG coins through Telegram. Engage in fun-filled, one-minute sessions where players burst falling balls to score Tap Points. These points are then transformable into BDAG coins, turning a simple game into a productive endeavor to augment your crypto collection. But TG Tap Miner is more than just a game—it’s a strategic platform for enhancing your crypto reserves. Players have the opportunity to amass up to 7,000 Tap Points daily, offering a significant avenue to increase BDAG accumulations. The inclusion of a referral program, rewarding 4,000 Tap Points for each new participant you bring into the fold, not only boosts individual gains but also cultivates a vibrant community tethered to the BlockDAG ecosystem. What distinguishes BlockDAG is its utilization of cutting-edge Directed Acyclic Graph (DAG) technology paired with a Proof-of-Work (PoW) consensus mechanism. This combination enhances scalability, security, and decentralization, elements that are pivotal to BlockDAG’s potential for substantial returns. Having already raised over $100 million by batch 24, with early participants experiencing up to a 1960% ROI, TG Tap Miner stands out as an indispensable tool for maximizing BDAG holdings. This presents a prime opportunity for those eager to amplify their position in this pioneering Layer 1 blockchain initiative. The Bottom Line As the blockchain gaming industry rapidly grows, projected to reach $65 billion by 2027, standout games like Hamster Kombat, OMERTA, and BlockDAG’s TG Miner are leading this innovative wave. Hamster Kombat has introduced a CEO role, OMERTA combines high-quality gaming with decentralized markets, and BlockDAG offers an engaging way to earn BDAG coins through its TG Miner game. With BlockDAG’s presale already generating $100 million and offering significant returns, these games not only provide entertainment but also a chance for early participants to gain significantly from blockchain advancements. Join the BlockDAG Presale Now: Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetwork Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

As predictions show Polygon’s value climbing, Monero (XMR) experiences a decrease. With ongoing fluctuations in mainstream assets, investors are shifting their focus to new cryptocurrencies that hold the promise of substantial returns. Currently, BlockDAG (BDAG) presale has successfully amassed over $100 million, racing towards an ambitious target of $600 million within the next three months. This remarkable presale journey has already yielded a 1960% return for early backers, igniting widespread enthusiasm in the crypto community. Polygon’s Market Trajectory and Future Prospects Polygon continues to make waves in the crypto market with its strategic transition from MATIC to the new POL token, an integral part of its Polygon 2.0 roadmap designed to augment its utility and enhance Ethereum scaling solutions. With a market cap hovering around $1 billion and daily trading volumes close to $36 million, Polygon maintains its position as a significant player. The supply of Polygon tokens stands at about 2.7 billion. Market analysts are keenly observing Polygon’s pricing trends, with optimistic projections pointing towards a potential rebound to $1 by 2024. Currently priced at $0.37, there’s speculation that under favorable market conditions, the price might climb to $0.50, while adverse trends could see it dip to $0.3250. Looking forward, the price could reach as high as $0.75 in 2024 under bullish scenarios. XMR Faces Challenges Amidst Price Fluctuations Monero (XMR), known for its strong privacy features, has recently encountered market turbulence. The XMR price surged to $153.30 but soon faced resistance, triggering a correction phase accentuated by negative signals from technical indicators like the Relative Strength Index (RSI), suggesting overbought conditions. Additionally, the 50-day simple moving average (SMA) is exerting downward pressure, signaling potential bearish trends. If the $153.30 resistance level holds firm, market watchers anticipate that XMR could retract to around $135.00 in the near term. While Monero remains a top choice for users prioritizing privacy, its immediate market prospects appear challenging. Observers recommend keeping a close eye on this resistance threshold; surpassing it could pave the way for gains, whereas failure to overcome it may lead to further declines. BlockDAG’s Testnet Launch Ushers in a New Era of Blockchain Innovation BlockDAG marked a significant milestone in its development with the launch of its testnet and blockchain explorer on September 20, 2024. This pivotal move provides the community with an invaluable opportunity to explore the blockchain’s capabilities firsthand, enhancing user engagement and understanding of BlockDAG’s innovative technology. The testnet allows users to delve into block details, monitor transactions, and interact with the network in real time. Among its standout features are a blockchain faucet that enables users to mint their own BDAG coins and MetaMask wallet integration for seamless token transactions. Early participants in the presale have experienced substantial gains, with returns of 1960% from the initial batches. The price of BDAG has risen to $0.0206 as of batch 24, with projections for even greater returns across the remaining batches. Market analysts are optimistic about BDAG’s trajectory, predicting that its value could soar to around $30 by 2030, highlighting its potential as a top-tier asset in the burgeoning crypto market. Market Trends and Competitive Landscape While Polygon and Monero continue to navigate market volatility, with varying degrees of inflow due to their respective challenges, BlockDAG stands out as a beacon of stability and potential. The robust performance and high efficiency of BlockDAG’s testnet have not only captivated “whale” investors but have also solidified its status as one of the most promising presales in the crypto space. As BlockDAG inches closer to achieving its $600 million presale target in record time, it’s clear that it is rapidly becoming a major contender among emerging crypto coins. With a combination of advanced technology, strong market performance, and significant community interest, BlockDAG is well-positioned for continued success and influence in the global cryptocurrency landscape. Join BlockDAG Presale Now: Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Despite the demand for meme coins waning, a crypto analyst has claimed that the Dogecoin price could be on the verge of a parabolic 5,202% price surge. Lately, the price of Dogecoin has been on a major decline, failing to break key resistance levels. However, with this new prediction by the crypto analyst, Dogecoin could see its value potentially increasing to new highs. Dogecoin Price To See Massive 5,202% Pump A crypto analyst identified as ‘Zero’ on X (formerly Twitter) has expressed excitement about an incoming price pump for Dogecoin. The analyst suggested via his post that the Dogecoin price looks ready for a major rally, likely due to favorable market conditions and key technical indicators. Sharing a historical chart illustrating the DOGE price movements from as far back as 2014, Zero pinpointed periods when the Dogecoin price experienced massive rallies, specifically during the bull run that followed each Bitcoin halving event. From 2017 to 2018, the analyst disclosed that the price of Dogecoin had skyrocketed by 9,226.49%. After experiencing a bear market and a prolonged period of price fluctuations, the meme coin witnessed another massive surge between 2020 and 2021. At the time, Dogecoin had recorded a whopping 30,693.75% price increase, leading to its current all-time high of $0.74. Based on these bullish trends, Zero has predicted that the Dogecoin price could see its next rally between 2024 and 2025. He forecasted that the popular meme coin could experience a whopping 5,202.19% price increase towards the $5 mark. This massive surge in value would effectively push Dogecoin above its previous all-time high in 2021. Moreso, assuming the cryptocurrency can hit $5, this would represent a 50X increase from its current price of $0.139. Moving forward, Zero has declared that this projected price increase has been a long-awaited moment for DOGE holders, suggesting that there has been a build-up of anticipation for a bull run over the past three years. In addition to a Dogecoin price increase, the analyst also expects Bitcoin (BTC) to surge to new highs. A DOGE ATH Could Be Closer Than Investors Think Many analysts in the crypto market appear to be highly optimistic about Dogecoin’s price outlook. Notably, a crypto analyst on X, identified as ‘CEO’ has told his 471,600 followers that the Dogecoin price could be getting ready for another all-time high soon. The analyst revealed that the meme coin’s price action is repeating a 2020 reversal box pattern, indicating a potential for a price breakout. Moreover, Dogecoin is forming three higher lows and already breaking resistance, signalling that a big pump might be underway. Sharing a price chart highlighting Dogecoin’s bullish technical indicators, the analyst has projected that the cryptocurrency could see a continuous surge above $0.4 soon.

ApeCoin is facing a tough setback as bearish momentum intensifies, with the price hitting a strong resistance at $1.755. After an attempt to push higher, the bulls have lost ground, allowing the bears to take control and halt the upward movement. Particularly, this key resistance level has emerged as a significant barrier, signaling a potential shift in market dynamics. With pessimistic pressure mounting, ApeCoin’s future direction hangs in the balance, as traders look for signs of whether the bulls can stage a recovery or if the bears will drive prices lower in the coming days. This article analyzes ApeCoin’s struggle against strong resistance at the $1.755 level, focusing on how the bears have gained control of the market. It explores the factors driving the current bearish strength, examines key support and resistance levels, and assesses the likelihood of further downside pressure or a potential bullish recovery. Bearish Momentum Builds As ApeCoin Hits Key Resistance Recently, APE’s price has turned bearish on the 4-hour chart, pulling back towards the $1 mark and the 100-day Simple Moving Average (SMA) after encountering strong resistance at $1.755. This retracement marks a notable shift in momentum, as the bulls failed to maintain their upward push, allowing bears to take control. An analysis of the 4-hour Relative Strength Index (RSI) reveals a significant decline, with the signal line dropping to 49% from its previous peak of 92%. Typically, a fall below the critical 50% threshold suggests that bears are gaining control of the market, possibly leading to more downside if the RSI continues to trend lower. Also, the daily chart for ApeCoin shows increasing negative sentiment, with negative candlesticks and a decline toward the 100-day SMA, reflecting rising selling pressure as ApeCoin struggles to hold higher levels. If bulls don’t defend the current support, additional declines are possible, making the 100-day SMA a critical level to watch for either a potential reversal or continued downward movement. Finally, on the 1-day chart, the RSI has fallen to 65%, down from its previous position in the overbought zone suggesting that buying pressure has eased and that the market could be entering a period of consolidation or possible pullback. Support Levels To Watch Amidst Bears’ Control As bearish momentum strengthens, key support levels become crucial in determining ApeCoin’s next move. The first level to watch is the $1 mark, a psychological and technical support that could help prevent further declines for ApeCoin. Meanwhile, if bears push the price below this, the next significant support lies around $0.66. A break below these levels could lay the groundwork for additional losses, as sellers would likely increase pressure. However, if APE’s bulls manage to stage a recovery at the $1 support level, the price of ApeCoin could begin to rebound toward the $1.755 resistance. A successful breakout above this resistance could pave the way for more upward movement, potentially targeting the $2.1 level and beyond, signaling a stronger bullish resurgence.

American institutions are making ripples in the cryptocurrency market, having invested a staggering $13 billion in spot Bitcoin ETF shares since its inception in January 2024. Many people are surprised by this move, given that traditional financial institutions were first hesitant to enter the world of digital assets. According to CryptoQuant CEO Ki Young Ju, 1,179 institutions currently own a total of 193,064 BTC, indicating a major shift in opinion towards crypto investments. Institutional Adoption Grows The adoption of Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) has contributed significantly to the spike in institutional interest. This legal approval has created new opportunities for financial institutions to provide cryptocurrency investments, allowing them to tap into more revenue streams. Big Chunk Of The Pie Interestingly, big players such as Millennium Management and Jane Street now hold over 20% of the total market through various Bitcoin ETFs worth about 961,645 BTC. This rapid absorption immediately shows that the anxiety over money related to digital currency was shorter-lived. Analysts think the more the establishments engage with Bitcoin ETF, the price will keep going. Even so, the current price of Bitcoin stands at around $67,000 and is likely to go to $100,000 in early 2025, based on past trends, but more importantly, how people’s thinking is changing towards embracing Bitcoin as a legitimate asset class. Options Trading Approved Another major turning point came when the SEC lately approved options trading for spot Bitcoin ETFs on NYSE American LLC and CBOE. This implies that with conventional financial instruments, institutional investors can now effectively reduce their Bitcoin exposure. A big change has happened for institutional buyers since they can now trade options on these ETFs. It not only makes Bitcoin easier to use, but it also makes it more like regular banking. Now that options trading is possible, experts think that more institutional buyers will get into the Bitcoin market. Institutional investors’ ability to trade ETF options is a turning point. Bitcoin becomes increasingly accessible and integrated into standard banking. Now that options trading is possible, experts expect more institutional investors to join Bitcoin. A Bright Future Ahead Bitcoin and its ETFs appear to have a promising future. Institutions’ continued engagement with this asset class is anticipated to have a favorable impact on other digital assets. The SEC’s regulatory system provides a layer of protection that many investors value. This clarity may lead to increasing participation from traditional financial institutions, thus cementing Bitcoin’s position in the investment scene. Overall, the combination of institutional demand and governmental support suggests that Bitcoin is more than a passing fad; it is becoming an essential component of modern finance. As time passes, it will be interesting to see how this changing landscape affects both the digital currency market and broader economic trends. Featured image from StormGain, chart from TradingView

The Terra Classic community is preparing for a supply shock that the LUNC coin could soon face. This is based on a court settlement that has mandated Terraform Labs to burn the tokens in their possession. Court Orders LUNC Burn As Part Of Terraform Labs Settlement Terraform Labs is set to carry out LUNC burns as part of its $4.5 billion settlement with the US Securities and Exchange Commission (SEC). These burns must be carried out before the end of this month, or Terraform Labs will have to pay a fine. According to the SEC, the crypto firm must burn or destroy private keys in its possession of wallets holding these LUNC coins. Based on the deadline, the LUNC burn may occur this week. Ahead of the burn, Terra Classic community members have also been told to withdraw their assets locked on the Shuttle Bridge, as it will also be closed during the LUNC burn and never be opened again. Terraform Lab’s imminent LUNC burn is undoubtedly a positive for the coin, as this could provide much-needed bullish momentum and lead to a significant price surge. Moreover, this aligns with the Terra Classic community’s mission to remove as many coins as possible from circulation to revive LUNC. They believe this deflationary mechanism could help send the coin back to its current all-time high (ATH) of $119. LUNC Metrics data shows that 135.54 billion coins have been burned since these token burns began on May 13, 2022. Meanwhile, 303.6 million coins have been burnt in the last seven days. However, the community still has a lot of work to do, considering that LUNC still has a circulating supply of 6.76 trillion. Other Steps Taken By The Terra Classic Community In addition to LUNC burns, the Terra Classic community has taken other steps to help revive the coin and restore it to its glory days. This includes developing proposals to improve the LUNC ecosystem and promote the coin’s adoption. The most recent proposal is from OrbitLabs to remove the forked mainline modules from the Terra Classic blockchain. The proposal states that this will help improve maintainability, reduce technical debt, and align with the broader Cosmos ecosystem. OrbitLabs further highlighted the current situation in the LUNC ecosystem to show why this proposal is necessary. According to them, the Terra Classic codebase uses several forked versions of Cosmos modules to accommodate its unique features. This has led to the codebase diverging from the upstream modules and increasing maintenance costs. Therefore, this new approach will help ensure that the Terra Classic blockchain is current with the latest securities and features from the Cosmos development team. This will help massively reduce maintenance costs and time. At the time of writing, LUNC is trading at around $0.0000925, down over 2% in the last 24 hours, according to data from CoinMarketCap.

While VeChain and Dogwifhat (WIF) look set to grow after their recent unpredictable prices, BlockDAG (BDAG) is capturing all the attention. This new Layer 1 network has launched a top-notch testnet, positioning itself as a strong contender against Kaspa and Solana. The feedback has been extremely positive, praising BlockDAG’s security and quick operations. With over $100 million already raised, the presale is pushing quickly towards its $600 million target. Early participants are seeing profits soar up to 1960%. BlockDAG is quickly emerging as one of the top cryptos to get into, with a network that’s ready for the future and can’t be overlooked. VeChain Price Facing Resistance During Market Slumps VeChain is currently at $0.02245 and is having trouble climbing, as seen in its recent price changes between $0.02229 and $0.02297. Even with attempts to recover, VeChain is struggling to break past the major resistance level of $0.02300. This resistance is holding strong, possibly leading to selling as traders wait for a clear price direction. Immediate support is at $0.02229, with a possible drop to $0.02200 if negative sentiment grows. A closer look at the market indicators shows a 2.27% decrease in value and a 17.85% reduction in trading activity, indicating low excitement in the market. The RSI is at 45.26, meaning the asset is neither overbought nor oversold. For a positive shift, VeChain needs to cross the $0.02300 resistance level. Dogwifhat (WIF) Forecast: Positive Trends Based on Bitcoin’s Solid Performance Dogwifhat (WIF) is displaying signs of positive momentum, supported by Bitcoin’s solid performance. Currently testing the $2.00 support level again, analysts think WIF could rise above $3 if Bitcoin stays strong above $60,642. This test is critical, and a successful defense of the support level could lead to a strong upward trend, potentially pushing WIF to new highs soon. Technical analysis shows WIF is trading above its 200-day, 50-day, and 20-day moving averages, a clear sign of ongoing upward momentum. Altcoin Sherpa’s chart indicates that $3 is a major resistance level for WIF, usually tough to surpass. Yet, with Bitcoin’s stable condition, the forecast for Dogwifhat (WIF) is hopeful for more growth, fueled by long-term trust and wider market movements. BlockDAG – A Budding Giant in the Crypto Market BlockDAG recently unveiled its powerful testnet, a big step towards launching its mainnet after September 20, 2024. This testnet gives the community a chance to check out the blockchain’s tools firsthand, like the Blockchain Explorer, Blockchain Faucet, MetaMask Wallet integration, and smart contracts. The Blockchain Explorer offers deep insights into block details, transactions, and immediate updates, making everything clearer and more engaging for users. People can create their own BDAG coins using the Blockchain Faucet and move them through MetaMask Wallet, showing off the network’s effectiveness and ease of use. The testnet supports transactions based on the Ethereum Virtual Machine (EVM), which lets developers and users try out smart contracts, create NFTs, stake coins, or eliminate coins in the BlockDAG system. These features underline the network’s ability to handle lots of activity and its strong performance, which has been well-received by the crypto community. The strong features of the testnet have drawn big players to the BlockDAG presale, which is expected to reach its $600 million target very soon, starting the countdown to possibly one of the most successful presales ever. Early participants have already seen profits up to 1,960% from their initial contributions in the first batch, with the price now at $0.0206 in batch 24. With 45 batches planned, early participants could see a ROI of 4,900%, not even factoring in future price increases. BlockDAG’s impressive start and cutting-edge technology make it one of the top cryptos to consider right now. Analysts believe BDAG could soar to $30 by 2030, surpassing many current market favorites. The combination of a strong testnet, increasing enthusiasm, and bold targets makes BlockDAG an attractive option for those looking to tap into new opportunities in the crypto market. The Bottom Line While VeChain and Dogwifhat have their strengths, BlockDAG stands out with its highly efficient testnet and a presale that’s grabbing a lot of attention. The testnet’s sophisticated features, like smart contracts and instant transaction tracking, are getting excellent reviews. With big players pushing BlockDAG’s presale over $100 million, it’s quickly approaching the $600 million mark, setting it up as one of the most triumphant presales so far. Early supporters have already seen returns of 1,960%, positioning BDAG as one of the top cryptos to consider. In comparison to VeChain’s price analysis and Dogwifhat’s (WIF) forecast, BlockDAG is setting the pace for significant returns. Join BlockDAG Presale Now: Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

exSat Network, a scaling solution that aims to unleash and scale the Bitcoin ecosystem, is excited to announce the official mainnet launch today. The exSat community and the larger blockchain ecosystem are taking a big step forward with this milestone. According to Satoshi, Bitcoin will revolutionize conventional financial institutions by providing consumers with more security, freedom, and power. The majority of Satoshi’s vision has not yet been achieved, even though 94% of Bitcoin has now been mined. ExSat was created specifically to realize that goal by expanding the usefulness of Bitcoin and opening up a new category of practical uses. With 50 Validators, each staking at least 100 BTC, exSat’s mainnet launched without a hitch thanks to partnerships with top industry brands including Matrixport, Spiderpool, Antpool, Everstake, HashKey Cloud, Blocksec, OKX, BitTrade, Bitget, ChainUp Cloud, and Cactus Custody. While synchronizers, such as Antpool, Spiderpool, viaBTC, and F2Pool, synchronize Bitcoin’s UTXO data, validators safeguard the network by verifying transactions. These synchronizers, which account for more than 53.3% of Bitcoin’s hash rate, provide unparalleled security and confidence. The XSAT token generation event was held in conjunction with this launch. As the Network’s token, XSAT combines the adaptability of Proof of Stake (PoS) with the strong security of Proof of Work (PoW). Since XSAT was modeled with no pre-mining or pre-allocations, it adheres to the fair launch principles of Bitcoin, guaranteeing equality and transparency for all users. By syncing and verifying data on the network and mining native Bitcoin blocks, one may earn XSAT. ExSat, one of the biggest projects in the Bitcoin ecosystem, was launched with more than $281 million in Total Value Locked (TVL). TVL is anticipated to keep expanding after the Matrixport alliance was announced at Token2049. Staking between 5,000 and 10,000 nBTC on the network is what Matrixport has committed to do. Matrixport will also aid with dApp development, which will help exSat’s ecosystem get off the ground. The network is unique in its capacity to provide a decentralized UTXO index for Bitcoin by replicating its UTXO data on-chain. This innovation makes BTCFi possible, increasing the usefulness of Bitcoin while preserving security and trust and releasing the ecosystem’s untapped potential. Visit the exSat website and Twitter to learn more about the launch of the exSat Network and to be informed about future developments.

Grand Cayman, Cayman Islands, October 23rd, 2024, Chainwire Arttoo will be launching a Real World Asset (RWA) art project built on the Sui blockchain. As a leading force in democratizing art ownership, Arttoo is revolutionizing the fine art market by building the financial infrastructure needed for a decentralized, on-chain art trading platform. By bringing masterpieces from iconic twentieth-century artists such as Henri Matisse and Claude Monet to the Sui ecosystem, Arttoo will allow individuals to invest in and trade fractionalized shares of these artworks. Arttoo’s strategic partnership with the Sui Foundation taps into the ecosystem’s strengths, including its seamless user experience and simple wallet onboarding through features like zkLogin, which allows users to interact using just their email. This approach makes it easy for both institutional and individual art investors to participate. Sui’s high-performance network provides the infrastructure needed for real-time, 24/7 trading of fractionalized art ownership, addressing one of the core challenges of traditional art investing. The founding team of Arttoo includes specialists from the art market as well as veterans of the blockchain ecosystem. “We are committed to developing an ambitious project on Sui that addresses significant real-world challenges by bridging the gap between the art and Web3 communities. This project will foster collaboration, drive innovation, and create a shared platform where artists and Web3 enthusiasts can come together to inspire, learn, and build a sustainable future through the power of creativity and decentralized technology,” says Christopher Min, founder of Arttoo and a generational collector of Modern art. Jameel Khalfan, Head of Ecosystem Development at Sui Foundation, emphasized the innovative potential of decentralized ownership in the art world, stating, “Arttoo introduces an exciting new use case to Sui with on-chain fine art, making iconic masterpieces more accessible through fractional ownership. This project broadens access to art and highlights the transformative potential of decentralized ownership. I’m excited to see more people interact with art in this innovative way.” His remarks underscore how this initiative represents a pivotal movement towards democratizing art, enabling broader participation in the appreciation and investment of high-value artworks. Arttoo recently completed its angel investment round, led by Formless Capital. “I’m thrilled to witness the collaboration between Sui Foundation and Arttoo. This partnership exemplifies our commitment to bridging the gap between real-world assets, the digital economy, art, and culture. Arttoo not only enhances accessibility and ownership in the art world but also aligns with our vision of empowering innovative solutions that redefine cultural experiences through the future of blockchain technology,” said Cecilia Li, founder of Formless Capital. About Arttoo Arttoo is building the cultural layer on Sui, focused on tokenizing real-world assets (RWAs) for modern art. Leveraging the capabilities of the Sui blockchain, Arttoo enables fractional ownership, making art more accessible to a wider audience while also generating liquidity for art investors. With a growing collection of significant twentieth-century modern artworks, Arttoo is democratizing the art market and building the cultural foundation for the decentralized internet. Arttoo Homepage: https://arttoo.co.uk/ Arttoo Contact MJ Zhou CMO of Arttoo [email protected] About Sui Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing user-friendly experiences. For more information about Sui, please visit https://sui.io. Contact Sui Foundation [email protected]

In an analysis shared on X, crypto analyst Astronomer (@astronomer_zero) has provided an in-depth macro outlook on Bitcoin (BTC) and Ethereum (ETH), suggesting that the next significant market peak—and potentially the ideal time to “sell it all”—may occur in the second half of 2025. “Another month and a half has passed, and the full macro breakout thesis is really pushing many eyes onto the crypto charts now,” Astronomer states. Reflecting on his earlier predictions, he notes, “Last time we posted our plan of a Q4 upside breakout, BTC was at $58k and ETH was at $2.3k.” Since then, Bitcoin has risen by 20% and Ethereum by 13%, moves that occurred “against all the low timeframe technical analysis users’ belief, before the full breakout even happened.” When Will This Crypto Bull Run End? Astronomer emphasizes that traditional order flow and price action analysis are less effective on higher time frames, leading him to seek “edge elsewhere” through multiple data analyses. “We had our thesis in place, with multiple data analyses supporting not only that the low is in, but also that we likely would see a high timeframe breakout,” he explains. Delving into Bitcoin’s macro perspective, Astronomer uses a combination of time, sentiment, and volume to identify weekly cycle lows. “The Middle East capitulation event [Israel-Iran tensions] clearly formed that, timed well 28 weeks after the previous weekly cycle low,” he observes. With the next weekly low not expected until late December, he sees “still room for upside” and anticipates that “price [will] accelerate here.” Addressing market psychology, he cautions, “The market always finds a way to escape on the low timeframes as most traders (‘investors’) find themselves trapped into short term memory fallacy and simply forget the high timeframe picture.” Astronomer remains confident in his projection, stating, “Overall peak is still expected in the second half of 2025, where I think the true time to ‘sell it all’ may occur.” For Ethereum, Astronomer notes a similar but compressed cyclical pattern compared to Bitcoin. “ETH typically drops later near the 4-year cycle peaks (2014, 2018, 2022) and has its surge also later in the 4-year cycle (2016, 2020), making its moves seem more aggressive,” he explained. He also addresses the current sentiment towards Ethereum and other layer-1 protocols: “It’s clear by now that ‘useful’ coins are deemed ‘useless’, typical things called for when price doesn’t move. Yet anyone who even remotely used ETH knows what it can do.” Astronomer attributes the stagnation in utility growth to cyclical and sentimental factors, noting, “We’ve seen massive hype around it in 2021 and that simply hasn’t been digested yet.” While maintaining a bullish outlook, Astronomer acknowledges the possibility of unforeseen events that could disrupt the market. “Despite all the data, there still always is a small chance I’m wrong,” he admitted. Citing potential global crises like “World War 3 (WW3)” or “the end of a nation,” he warns that such events “can always pull down the market significantly,” potentially causing Bitcoin to drop “back below $50k.” However, he remains steadfast in his strategy: “Cycles are powerful in nature, and we’ve shown why those events shouldn’t faze you. I will indeed hold on in that case, hedged with large shorts well timed and just continue to ride out the cycle as I do think price will recover from there.” Overall, the analyst cautions traders against losing sight of the broader picture due to short-term market movements: “You’ll start to question why… But so far, so good.” When asked by a user, “Wow! You think BTC could hit $350k? That’s incredible!”, Astronomer clarified his position: “I don’t think so. Optical illusion on the chart. It’s more $150-200k I think we can reach.” At press time, BTC traded at $66,475.

Solana (SOL) is holding strong above the $160 mark after the broader market experienced a healthy dip to previous demand levels. Despite the dip, Solana has shown resilience, though the past few hours have been marked by short-term volatility with rapid price fluctuations. Investors are closely monitoring the next moves as Solana navigates this uncertain phase. Top analyst Carl Runefelt recently shared a technical analysis suggesting a potential surge for SOL in the coming days, with a target of $176. His analysis highlights key bullish patterns, but concerns about the broader market correction could drag Solana down if the correction intensifies. With the market in flux, the next few days will be crucial for SOL. Investors watch closely for signs of strength or weakness that could influence the price action. While optimism remains for a potential surge, caution is warranted as the market correction unfolds. Solana Testing Previous Supply As Demand Solana is currently at a critical level, holding strong above $160, a price that had previously acted as resistance since early August. SOL has broken above this level and found support, so it signals a potential shift in the monthly trend that has kept the price suppressed. Investors are watching closely to see if this shift will lead to continued bullish momentum. Crypto analyst and investor Carl Runefelt recently shared a technical analysis on X, offering insight into Solana’s short-term outlook. He revealed a 1-hour chart showing a symmetrical triangle, a bullish pattern often preceding strong price movements. The upper line of this triangle sits around $168, and Runefelt suggests that if SOL manages to break above this level, the next target would be $176. This would mark a significant push to new local highs, further solidifying Solana’s bullish trend. As Solana continues to hold above $160, the market is waiting. Investors are exercising patience and are aware that the next few hours and days could be pivotal for SOL’s price action. If the bullish pattern materializes and the price breaks out, it could lead to a significant rally. However, until that breakout occurs, traders are cautious, knowing that short-term volatility could still impact Solana’s performance. Technical Levels To Watch Solana is currently trading at $165 after facing a rejection from the $171 mark, a key resistance level that may hold the price down for a few days or weeks. Despite this setback, SOL has shown resilience, rebounding strongly from the daily 200 moving average (MA) at $150 and successfully breaking past the $160 resistance. This breakout is a significant development, signaling a potential upside once the broader market begins pushing up again. Holding above the $160 level is crucial for SOL, reflecting investor confidence and signals strength in the price action. Holding this support level would signal optimism about Solana’s ability to rally and reach new yearly highs in November. The coming days will determine whether SOL can keep bullish momentum or if a prolonged consolidation below $171 is in. Investors are closely watching for signs of strength and a continued push higher. Featured image from Dall-E, chart from TradingView

Norges Bank of Norway will make its final decision on introducing a CBDC by 2025. The deadline for the government task force to submit a report is on Nov 15. The central bank of Norway, Norges Bank, is on potential research to launch central bank digital currency (CBDC). The decision is to be finalized by 2025, as stated by Deputy Central Bank Governor, Pal Longva. The nation is in the pilot phase of CBDC exploration and Norway is among 134 nations planning to delve into this financial innovation. Norges Bank has released its insights from the fourth phase of CBDC trials. The findings concluded that a retail CBDC was unnecessary at the time. A retail CBDC would be appropriate for everyday public use, allowing users to conduct transactions using digital currency. On the other side, a wholesale CBDC would be limited to financial institutions to facilitate secure and efficient transactions between the central bank and other banks. Moreover, the Norges Bank has progressed to the fifth phase of its research into wholesale CBDC applications. The bank aims to make a final recommendation by 2025 by finishing the phase. However, Pal Longva emphasized that there is no urgency to accelerate the efforts, despite the European Central Bank’s preparations for a potential CBDC rollout. Longva’s opinions coincide with the upcoming November 15 deadline for a government task force to submit a report on improving the payment systems in Norway. It further includes recommendations for simple and safe payment mechanisms, incorporating digital central bank money. The final decision on whether Norway will introduce CBDC lies with the country’s lawmakers. The outcome of the discussions will determine the future of digital currency in the form—retail or wholesale. Highlighted Crypto News Is Solana (SOL) Signaling a Downside Correction Ahead?

The top three crypto gainers in the last 24 hours are GALA, MEW, and ICP. The global crypto market cap has dropped over 1.59% in the past 24 hours to $2.29 trillion. The global crypto market is balancing between gains and losses. After two weeks of stable performance, the extreme falls were witnessed today. However, the bear market is slowly trying the recovery phase, but still, major cryptocurrencies like Bitcoin (BTC) and Ethereum are facing pressure. Let’s focus on some of those recovering altcoins in this article. The top 3 crypto gainers for the day, according to CMC data, are cat in a dogs world (MEW), Gala (GALA), and Internet Computer (ICP). Gala (GALA) Market Cap: $826.28M 24H Trading Vol: $126.73M In the past 24 hours, the token has climbed over 9.71% from the low of $0.02236 to the high of $0.02453. At the time of writing, GALA has traded at $0.0232, retraced slightly, but is still above its crucial resistance level. If the token holds its foot above $0.22, it could see another jump above $0.25. GALA Price Chart (Source: TradingView) The 9-day EMA is above the price, indicating a bearish trend. Meanwhile, the RSI at 52.75 signals a neutral market condition, indicating that the asset is neither overbought nor oversold. But no extreme conditions are present. For the week, GALA is expected to trade in the range between $0.2109 support and $0.2532 resistance. cat in a dogs world (MEW) Market Cap: $835.48M 24H Trading Vol: $138.32M While the leading memecoins are on the down, cat in a dogs world have climbed approximately 7.76% in the past 24 hours. The memecoin was launched in April this year. Since its launch, cat in a dogs world quickly captured market attention and secured the 80th rank. Two days ago, on Oct 21, the token recorded an All-Time High (ATH) of $0.01043. MEW Price Chart (Source: TradingView) The MEW price is above the 9-day EMA, indicating a bullish trend, while the RSI at 61.36 suggests the asset is approaching overbought territory. This combination signals strong upward momentum. Internet Computer (ICP) Market Cap: $3.84B 24H Trading Vol: $84.13M Finally, the Internet of Computer (ICP) has soared over 4.35% in the last 24 hours, from a low of $7.83 to a high of $8.17. Internet Computer blockchain incorporates a radical rethink of blockchain design. However, ICP has been in a sideways consolidation phase for nearly three weeks, struggling to establish a decisive trend. At the press time, the altcoin was facing strong resistance amid uncertain conditions in the crypto market. ICP Price Chart (Source: TradingView) Further, the ICP price is above the 9-day EMA, signaling a bullish trend, while the RSI at 55.73 indicates that the asset is in a balanced range, not overbought or oversold. This combination shows positive momentum. Highlighted Crypto News US Elections Fuel Optimism in Crypto Markets as BTC Nears $69K

New York, New York, October 23rd, 2024, Chainwire The global payments infrastructure company already covers more than 50 countries and 23 currencies for cross-border transfers, payouts, collections, onramps, and offramps. Borderless.xyz, a global payments infrastructure company that enables transactions using stablecoins and real-world assets (RWAs), announces its emergence from stealth with $3M in pre-seed funding led by Amity Ventures along with executives of leading companies such as Michael Shaulov of Fireblocks, Jess Houlgrave of WalletConnect, Anton Katz of Talos, among others. Traditional fintechs and remittance methods operate in closed systems that involve multiple intermediaries. According to the team, this approach can lead to inefficiencies and drive up costs for consumers and businesses. Borderless.xyz seeks to address this issue with a blockchain-based network called Global Transfer Protocol (GTP) which serves as a unified liquidity framework and orchestration layer between stablecoins and local fiat currencies around the world. Building on top of the tremendous progress made recently by locally licensed crypto-enabled infrastructure providers like Bridge, Borderless.xyz is already working with six Participating Financial Institutions (PFIs), to enable payments companies to bridge stablecoins with local fiat currencies around the world, providing real time and low cost settlement that allows for global money movement. To learn more about Borderless.xyz, users can visit their website: https://borderless.xyz/ and follow them on X (Twitter). About Borderless.xyz Borderless.xyz is a leading global payments infrastructure company designed to facilitate transactions using internet native money including stablecoins and real-world assets (RWAs). Covering more than 50 countries and 23 currencies, Borderless.xyz’s mission is to empower builders to create efficient money movement, deliver stable currencies to emerging markets, and drive the transition to onchain banking. To learn more about Borderless.xyz, users can visit https://borderless.xyz/. Contact CEO Kevin Lehtiniitty Borderless.xyz [email protected]

The Pantera-backed cryptocurrency exchange VALR is pleased to announce the launch of VALR’s Futures Trade Arena, a competitive trading platform where traders may compete for weekly and monthly rewards determined by their performance in terms of ROI and PnL. By rewarding performance rather than merely transaction size, this new program, which will be in effect from October 1, 2024, until at least April 30, 2025, levels the playing field. Monthly prize distribution at the Futures Trade Arena is based on the number of qualified players and may reach up to 120,000 USDT. The top 10 traders in each category get weekly rewards ranging from 25 USDT to 2,880 USDT, while the best traders by ROI and PnL receive monthly prizes ranging from 2,000 USDT to 10,000 USDT. Traders must have traded at least $2,000 in futures on any of VALR’s futures pairs during the 14 days prior to the commencement of a Weekly Competition Round in order to be eligible for the Futures Trade Arena. Traders are automatically entered into the subsequent Weekly Competition Round and the associated Monthly Competition Round of the same month after reaching the $2,000 trading criteria. This system guarantees fair competition for performance-based rewards and allows traders of all skill levels to participate, regardless of when they achieve the qualifying requirements. There are four successive Weekly Rounds in each Monthly Competition Round. Top performers are given prizes in both ROI percentage terms and absolute USDT-denominated PnL, giving traders many opportunities to succeed. All new and current fully KYC-verified VALR clients are eligible to enter the competition; however, VALR employees, contractors, and citizens of restricted nations are not. With the help of VALR’s latest product, traders of different sizes and backgrounds will be able to demonstrate their trading prowess without being overwhelmed by those who execute bigger deals. With performance-based rewards that open doors for all players, the Futures Trade Arena focuses on rewarding astute, successful trading tactics. Ben Caselin, Chief Marketing Officer of VALR, commented on the launch: Launched in May 2024, VALR’s Grand Slam of Trading Competitions is a worldwide futures trading program that is enhanced by the Futures Trade Arena. With up to 60 million USDT up for grabs over a 12-month period, the Grand Slam boasts one of the biggest prize pools in the world. The monthly prize pools, which vary from 33,000 to 5 million USDT based on the overall trading volume for the month, automatically include all customers trading Perpetual Futures on VALR. The Grand Slam is intended to draw in both retail and professional traders so that everyone involved may profit from the platform’s expansion. Some of the biggest trading companies have shown a great deal of interest in this worldwide project, which demonstrates VALR’s ongoing dedication to growing its presence in the global cryptocurrency market. Established in 2018, VALR is the biggest cryptocurrency exchange in Africa based on transaction volume, catering to over 950,000 individuals worldwide and more than 1,100 corporate and institutional customers. VALR, which has its headquarters in Johannesburg, is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. It also has initial approval from Dubai’s VARA and authority to provide services in Europe. Leading investors Pantera Capital, Coinbase Ventures, GSR, and Avon Ventures, a division of Fidelity Investments, have contributed $55 million to VALR’s fundraising. Offering safe, transparent, and creative solutions for both professional and retail traders, VALR sets itself apart with its customer-first mentality. Leading the African cryptocurrency sector, VALR links international markets by taking advantage of opportunities in Asia, Europe, Africa, and beyond. To learn more, go to valr.com.

Trump’s potential presidency boosts crypto optimism and BTC prices near $69K. Upcoming NFP report critical for interest rate expectations and market movements. With just two weeks until the US elections, market sentiments are shifting as former President Donald Trump extends his lead over Vice President Kamala Harris in betting markets. As key swing states begin to lean Republican, traders are increasingly pricing in a potential Trump presidency, which has historically been viewed as more favorable towards cryptocurrencies. This political backdrop has contributed to a notable uptick in Bitcoin (BTC) prices, which are edging closer to $69,000. The increased enthusiasm for BTC can be attributed to a record high in open interest across cryptocurrency exchanges, currently sitting at $40.5 billion. The anticipation surrounding the elections, combined with Trump’s more crypto-friendly stance, has spurred positive momentum in the digital asset market, reports QCP. Meanwhile, in parallel, the US dollar has strengthened amid discussions of increased tariffs. And tax cuts, contributing to rising US bond yields. The S&P 500 index continues to climb toward all-time highs, while the yield on US 2-Year Treasuries has surpassed 4%. Such economic indicators are fostering a sense of optimism regarding sustained growth in the US economy. The upcoming Non-Farm Payroll (NFP) report, set for release next Friday. It is anticipated to play a critical role in shaping market expectations. As the last NFP report before the next Federal Reserve meeting, its findings will likely influence decisions regarding interest rates. Currently, the market is pricing in approximately 1.5 rate cuts for 2024. A robust labor market and growing confidence drive economic resilience. Intricate Relationship Between Politics And Crypto In light of this bullish environment, traders are exploring investment strategies designed to capitalize on potential price gains while mitigating risks. One such strategy is the “Principal Protected Sharkfin” for BTC and Ethereum (ETH). This investment plan allows for upside potential if prices rise, offering protection against downside risks. The strategy specifies a maturity date of December 27, 2024, with a strike price of $80,000 and a barrier set at $90,000. It presents a maximum payout of 64.26% annually. As the political landscape evolves and key economic data looms, all eyes remain on the cryptocurrency market. Highlighted News Of The Day Nigeria Withdraws Case Against Binance’s Tigran Gambaryan

For those looking to earn passive income from the cryptocurrency market, WEEX offers compelling opportunities through its WEEX Affiliate Program and WEEX Copy Trading Pro feature. Whether you’re an experienced trader or someone who prefers a more hands-off approach, these tools allow you to generate additional income streams without needing to engage in active trading all the time. WEEX Affiliate Program: Earn Up to 90% in Commissions One of the standout ways to earn passive income on WEEX is through its generous WEEX Affiliate Program. WEEX offers up to 90% commissions on the trading fees of your referrals, making it one of the most rewarding programs in the crypto industry. This means that every time someone you refer trades on the platform, you earn a portion of their trading fees—without lifting a finger. This is a fantastic opportunity for individuals with a large network or social media following. By sharing your referral link, you can generate income passively as others trade pairs like DOGS/USDT, HMSTR/USDT, WXT/USDT, and BTC/USDT. The more your referrals trade, the more you earn. Whether your network consists of professional traders or beginners, the program is simple to set up and manage through WEEX’s referral dashboard. WEEX Copy Trading Pro: Let the Experts Trade for You For those who want to earn from crypto trading but lack the time or expertise, WEEX offers WEEX Copy Trading Pro. This feature allows users to automatically copy the strategies of top traders, making it easier for beginners or passive investors to earn income without actively managing trades. Here’s how it works: You select a professional trader based on their performance metrics, including their risk level, trade frequency, and profitability. Once you start copying their trades, WEEX automatically executes the same trades on your behalf. You can adjust the amount you want to invest or stop copying at any time, giving you full control over your passive income strategy. Security for Passive Investors One concern for any passive investor is the security of the platform. WEEX addresses this with advanced security features, including two-factor authentication (2FA), cold storage for user funds, and an AI-powered risk control system. Additionally, WEEX complies with regulatory requirements from bodies like the US MSB and Canadian MSB, ensuring a secure environment for all users. Moreover, WEEX has established a protection fund backed by 1,000 BTC, safeguarding user assets in case of security breaches. This peace of mind is essential for passive investors who rely on the platform for long-term income generation. Affiliate Program vs Copy Trading: Which Is Right for You? WEEX offers two fantastic ways to generate passive income: the Referral Program and Copy Trading Pro. While both options provide a path to earning without actively trading yourself, they are designed for different types of users. In this guide, we’ll explore each option in detail to help you decide which one—or both—fits your financial goals and lifestyle. WEEX Affiliate Program: Leverage Your Network for Commissions The WEEX Affiliate Program is an excellent opportunity for those who have a strong network of friends, colleagues, or social media followers interested in trading. By promoting WEEX, you can earn a percentage of the trading fees from everyone you refer, with commission rates as high as 90%. Here’s how it works: Easy to Start: Once you sign up for the Affiliate Program, WEEX provides you with a unique referral link that you can share through any platform—whether it’s social media, your blog, or even through personal conversations. Ongoing Income: The beauty of the affiliate system is that it doesn’t require constant attention. After your referrals sign up and start trading, you continue to earn a percentage of their trading fees. This means that a one-time effort in promoting the platform can result in a continuous stream of income as long as your referrals keep trading. No Trading Experience Needed: Even if you’re not an expert trader, the Affiliate Program allows you to earn from the activity of others. All you need is the ability to promote the platform effectively. Scalable: The more referrals you bring in, the more you earn. This makes the Affiliate Program highly scalable for those with access to larger networks, whether through word of mouth or a social media presence. Who It’s Best For: Social media influencers: If you have a substantial following, you can quickly spread the word about WEEX and bring in multiple referrals. Networkers: Those with strong personal or professional connections can leverage their relationships to introduce others to the platform. Busy individuals: If you don’t have time to actively manage investments but have a network of potential traders, this is a low-effort way to generate ongoing income. WEEX Copy Trading Pro: Hands-Off Portfolio Growth For those who prefer to grow their wealth with minimal involvement, WEEX Copy Trading Pro is an ideal solution. This feature allows you to replicate the trades of professional traders, letting them handle the complexities of market analysis while you benefit from their expertise. Here’s how Copy Trading Pro works: Select a Professional Trader: WEEX offers a curated list of top-performing traders. You can review their performance metrics, including win rates, trading style, and risk levels, to find a trader that suits your investment goals. Automatic Trade Replication: Once you’ve chosen a trader to copy, WEEX will automatically mirror their trades in your account. This means that every buy or sell decision they make is reflected in your portfolio in real-time. No Need for Market Monitoring: If you don’t have the time or knowledge to monitor the markets and make informed trading decisions, Copy Trading Pro takes the guesswork out of the equation. The professional trader you copy handles everything from market analysis to risk management. Customizable Risk: You can choose how much of your capital you want to allocate to a particular trader, allowing you to manage your exposure based on your risk tolerance. Who It’s Best For: Passive investors: If you want to grow your portfolio without constantly monitoring the market, Copy Trading Pro lets you sit back and let the pros do the work. Beginners: New traders who aren’t yet confident in their ability to navigate the markets can benefit from copying the strategies of more experienced traders. Busy professionals: If you’re working a full-time job or managing other commitments, Copy Trading Pro allows you to invest without dedicating time to research and trading. Maximizing Your Earnings: Why Not Both? One of the most attractive aspects of WEEX is that you don’t have to choose between the WEEX Affiliate Program and WEEX Copy Trading Pro. You can use both strategies simultaneously to create multiple income streams. Here’s how you can combine them: Earn from Referrals While Copy Trading: As you refer others to WEEX, they’ll start generating commissions for you when they trade. At the same time, you can grow your own investments by participating in WEEX Copy Trading Pro, ensuring that your portfolio grows even while you focus on referrals. Leverage the Platform’s Success: By promoting WEEX to a broader audience, you’re not only earning from their trades but also building a community of traders who could potentially benefit from WEEX Copy Trading Pro themselves. If your referrals also use Copy Trading, they’re more likely to continue trading successfully, which in turn increases your commission earnings. Diversify Your Passive Income: Combining both the WEEX Affiliate Program and WEEX Copy Trading Pro is a great way to diversify your income streams. You’re not only dependent on the performance of the traders you copy but also earning a consistent commission from your referral network. This strategy provides more stability in your passive income efforts. Key Considerations Before Choosing Effort and Involvement: If you prefer a more hands-off approach and are comfortable relying on experts, Copy Trading Pro is the right choice for you. However, if you enjoy engaging with others and can actively promote WEEX, the Referral Program offers a potentially higher earning potential. Risk Tolerance: Copy Trading comes with some degree of risk, as your earnings depend on the performance of the traders you follow. On the other hand, the Referral Program carries no financial risk since your income is based on other people’s trades, not your own capital. 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A crypto market analyst recently released a study that predicts a big rise in the price of XRP. This study fits with the current excitement in the crypto community, especially since Elon Musk made his first public reference to XRP. In a video that went viral on Crypto Twitter, Musk talked about how valuable cryptocurrencies like XRP are. This caused a purchasing frenzy. Musk didn’t fully back XRP, but his comments about how cryptocurrencies can help people’s freedom have made people wonder how this might affect the price of the altcoin. XRP’s Role In Global Finance It was brought up in the video that Musk was asked if he thought XRP could play a big role in the global financial system, given the SEC’s focus on regulating the cryptocurrency. His answer was simple, but it worked. He said that coins like XRP challenge centralized control and support personal freedom, but that was not a call to action. Although it did not express outright support, such statements by Musk have given hope to crypto investors because of the influence he has on the market. Crypto analyst Steph’s technological study fits this increasing buzz. Since 2018, he noted a symmetrical triangular pattern developing on the XRP/USD chart that points to a notable breakout perhaps just ahead. Musk’s Social Media Impact Currently at the top of this triangle, XRP reflects the 2017 situation that resulted in its spectacular surge and all-time high of $3.31. Investors are eagerly observing since Musk’s remarks seem to coincide with this pivotal technical turning point. Regulatory hurdles have long been a factor in XRP’s price suppression, Steph notes especially in view of Ripple’s ongoing legal battle with the SEC. Still, he believes the coin may be set to have a major breakthrough—just like it did in 2021 when it outperformed Bitcoin by 460%. Even if Musk doesn’t explicitly support the token, his mention of it can boost market sentiment because some speculators think the altcoin is currently more affordable than Bitcoin. Upbeat About XRP’s Future Essentially, Steph is positive about the future of the altcoin but stresses that what is exciting is the developing relationships Ripple has with huge financial institutions. The implications for this are that when CBDCs are going to be more in demand, XRP will be even more important within the global financial system. More than this, institutional interest in the asset is also depicted through recent registration for XRP-oriented ETFs from Canary Capital and Bitwise. These events with the words of Musk have revived hopes about XRP’s long-term possibilities again. Nevertheless, Steph cautions even with the good technical and fundamental signals. While he thinks XRP may probably hit $40, he said that a more realistic target range for it would be $5 to $10. Considering the highly volatile and uncertain market, he advised investors to use their judgment properly. Steph underlined the need for strategic and cautious investment in view of the unpredictable character of cryptocurrency markets, even though a new all-time high could be on horizon by the end of 2024. Featured image from Trackinsight, chart from TradingView

Nigeria has dropped money laundering charges against Binance exec. Gambaryan will seek medical treatment abroad after being detained since February. Nigeria has withdrawn money laundering charges against Tigran Gambaryan, an executive at Binance. This decision comes as Gambaryan seeks medical treatment abroad, according to the government’s lawyer. The announcement occurred during a court session at the Federal High Court in Abuja on October 23. Gambaryan, a U.S. citizen, has been in detention since late February. He faced allegations of laundering over $35 million. Both Gambaryan and Binance have consistently denied these charges. Meanwhile, the Nigerian government plans to continue the case against Binance without Gambaryan. Regulatory Challenges for Binance in Nigeria The Economic and Financial Crimes Commission (EFCC) made this announcement. The EFCC lawyer stated that Gambaryan’s role at Binance was not senior. Thus, the focus of the case would shift to Binance itself. This clarification raises questions about the nature of the allegations against the company. Prior to the withdrawal, the court had scheduled a hearing for October 25. However, the EFCC reportedly held the hearing on October 23 to minimize public attention. Gambaryan’s detention sparked concerns about the treatment of foreign executives in Nigeria. He has remained in custody for more than seven months. During this time, he has faced various legal challenges. These challenges included separate tax evasion charges that still stand against Binance. Additionally, Nadeem Anjarwalla, the British-Kenyan regional manager for Binance in Africa, initially faced similar charges. However, Anjarwalla fled custody on March 22, 2024. This escape adds another layer to the ongoing saga involving Binance and its executives in Nigeria. The Nigerian government’s decision to drop charges may reflect a shift in its approach. As authorities grapple with these challenges, Binance remains under scrutiny. The company continues to navigate regulatory hurdles globally, particularly in emerging markets. Highlighted Crypto News Today Avalanche Adoption Rises to 24% Amidst AVAX Bearish Sentiment