Grant Colthup, former CEO faces a fraud charge for allegedly stealing $1.5M from a customer. The court has adjourned the case to December 16, 2024. Grant Colthup, the former CEO of Mine Digital, faces serious fraud charges for allegedly stealing $1.5 million from a customer. This transaction occurred just two months before the firm collapsed in September 2022. The Australian Securities and Investments Commission (ASIC) announced the charges on October 21, detailing a transaction that took place in July 2022. The ASIC claims that a customer paid A$2.2 million (approximately $1.47 million) to ACCE Australia, the Mine Digital entity, in exchange for Bitcoin. However, the customer never received the cryptocurrency. ASIC alleges that Colthup either used the funds to pay ACCE’s liabilities or purchased cryptocurrency for others. Furthermore, this case highlights ongoing concerns surrounding Mine Digital. Since its collapse, creditors have sought to recover approximately $16 million from the firm. An early investigation revealed that only A$20,000 in assets were reportedly under ACCE’s control, far short of the claims made by creditors, raising significant concerns about the company’s financial practices. Court Proceedings and Liquidator’s Findings In a court hearing on October 21, 2024, Colthup was informed of the fraud charge under section 408C of Queensland’s Criminal Code 1899. This section carries a maximum prison sentence of 20 years. The Magistrates Court in Ipswich has adjourned the case to December 16, 2024, allowing time for further proceedings. Additionally, the liquidator for ACCE Australia, Brad Tonks of PKF, was appointed shortly after the firm entered administration. Reports indicate that Tonks sought legal action against Colthup in January 2023, aiming to recover funds for the creditors left chasing $16 million. Tonks found that the company had not recorded client investments in cryptocurrencies on its balance sheet. He also discovered that, before the collapse, significant digital assets were likely transferred to accounts with limited records. This raises further concerns regarding the management of funds and the overall integrity of the exchange. Highlighted Crypto News Today Bitcoin Slides to $66K After Bull Run Encounters Resistance at $69K

Aptos surged 12% driven by increased staking and DeFi growth. TVL in Aptos’ DeFi ecosystem hit an all-time high of $920M. In a market increasingly dominated by bearish sentiment, Aptos (APT) stands out with an impressive performance, soaring 12% in the past 24 hours to reach a current price of $11.05. This surge comes despite the overall cryptocurrency market facing a 2% decline, driven largely by a significant downturn in major altcoins like Ethereum (ETH), which fell by 3%. The catalyst behind Aptos’ rally is the launch of a $1.5 million staking reward pool on the MEXC exchange, which has sparked a notable increase in staking activity. Investors can earn rewards of up to 20% APR by locking their tokens for 30 days, creating a compelling incentive that has led to a dramatic uptick in demand. Furthermore, the Total Value Locked (TVL) in Aptos’ DeFi ecosystem has reached an all-time high of $920 million, indicating robust growth and adoption within the platform. Meanwhile, Analysts observe that the recent price action has propelled APT above crucial resistance levels, confirming a bullish trend that could see prices reach as high as $19, based on technical indicators and market sentiment. The latest price surge represents a remarkable recovery from a recent low of $9.61 just last week, showcasing the resilience of Aptos amid broader market challenges. What Will Be APT’s Next Move? Key technical indicators also support the positive outlook for APT. The Moving Average Convergence Divergence (MACD) has formed a Golden Cross pattern, signaling potential upward momentum. Additionally, the Relative Strength Index (RSI) indicates that the asset remains in bullish territory, reflecting strong investor interest. Despite the promising upward trajectory, there are potential risks. APT may retest the $9.00 support level before continuing its ascent, and should the price fall below this threshold, a drop to $7.45 could ensue, which would challenge the current bullish thesis. As the broader cryptocurrency market experiences fluctuations, Aptos appears to be capitalizing on its unique strengths.

Rising as one of the best-performing meme coins, Shiba Inu (SHIB) keeps making headlines in the crypto scene. The meme coin has jumped by over 30% during the past month, drawing both retail and analytical interest. Some analysts think SHIB may soon overcome a major resistance level with a community-driven rally bringing its market capitalization over $11 billion, therefore enabling even further gains. This thrill is driven mostly by a prediction from a pseudonymous analyst called FOUR. Fueled by what he describes as a “hyper meme coin cycle,” FOUR claims Shiba Inu is poised to hit new peaks. FOUR projects that a break above the $0.00002169 resistance level could send the price skyrocketing to $0.00003260, so indicating a possible 71% increase from SHIB, which is currently trading at $0.00001912. Shiba Inu: Major Resistance Level At $0.00002169 For traders and experts, the resistance level of $0.00002169 now takes front stage. Previously tested during a late September rush, this pricing point was rejected. But SHIB’s present increasing momentum has rekindled hope that this barrier will soon be broken. Analysts contend that if SHIB surpasses this level, it could set off a quick price rise motivated by ongoing support from its large population. FOUR’s research fits this perspective. He points to the recent weekly candle close, implying that SHIB is getting closer to conquering its present obstacles. Shiba Inu might rapidly experience a notable increase in value if the resistance is overcome since the positive momentum has been growing. Retail Investors Promoting The Rally One may mostly credit Shiba Inu’s rise on the retail investor level. Data from CoinMarketCap shows that nearly 90% of SHIB holders are small investors holding anything from $0 to $1,000. The popularity of the coin has been driven by this grassroots support, hence increasing its resilience to changes in the market. The continuous rally can be attributed to retail investors believing in SHIB’s future for additional expansion. Still, it’s interesting to note that nearly a quarter of the meme coin’s holders had assets valued more than $100,000. Though rare, this group is important in the ecosystem and might perhaps include liquidity providers and exchanges. Positive Viewpoint In Spite Of Volatility Though Shiba Inu has a history of instability, some market analysts see a bright future for it. The community-driven support of the currency along with the larger meme coin cycle might drive SHIB higher in the next coming weeks. FOUR’s estimate of a 71% increase depends on breaking important barriers. Investors will be closely observing to see if Shiba Inu can sustain its increasing pace and remove obstacles in its path. Featured image from Katerina_Brusnika//Getty Images, chart from TradingView

Crypto analyst Miles Deutscher, boasting 550,000 followers on X, has released a new video titled “My Plan To Make Millions In Crypto By March 2025! [Fool Proof Strategy].” In this analysis, Deutscher outlines his strategic approach to navigating the current crypto bull run. The Start Of The Bitcoin Bull Run First, Deutscher highlights the bullish outlook for Bitcoin, particularly on the monthly chart. “We have been consolidating above the high that we made in 2021 in February for a matter of eight months now,” he notes. “On the higher time frames, Bitcoin looks really, really good. It honestly looks primed for expansion for another leg potentially to take us to that $100,000 zone.” He attributes this bullish consolidation to significant inflows into Bitcoin ETFs, signaling increased interest from traditional finance investors. “Over $2 billion worth of inflows into the Bitcoin ETFs last week,” Deutscher reports. “We also saw, to end the week, another additional $273 million flowing into the Bitcoin ETF. The landscape is very strong here for Bitcoin from a TradFi perspective.” Despite this momentum, Bitcoin is lagging behind gold, which has surged 30% above its yearly high to $2,700 per ounce. “Bitcoin is still sitting 10% below its yearly high,” Deutscher points out. “If Bitcoin were to catch up to the current price performance of gold this year, that would indicate a Bitcoin price of $96,400, which would be absolutely insane.” Deutscher also discusses the potential impact of macroeconomic factors and political events on Bitcoin’s trajectory. He observes a correlation between Bitcoin’s price performance and the election odds of former President Donald Trump. “It is quite interesting that Bitcoin is behaving very similarly to the Trump election odds based on Polymarket,” he remarks. While he acknowledges this could be coincidental, he suggests that “the market is anticipating a Trump win to be bullish for Bitcoin.” He also references the transition from quantitative tightening to quantitative easing and its potential effect on the crypto market. Citing a tweet, he poses the question: “What do you think happens when you leave a seven, actually eight-month trading range off a low historical volatility into an election with a transition from quantitative tightening to quantitative easing and at the end phase of an 18.6-year real estate cycle?” His answer: “Explosion.” Strategy How To “Make Millions” Turning his focus to altcoins, Deutscher provides a strategy for capitalizing on emerging market trends to potentially “make millions by March 2025.” He emphasizes the importance of strategic accumulation during market dips and highlights the significance of current uptrends. “Alts are now uptrending. We have started to break above the range. Bitcoin is uptrending. We are starting to break above key levels and make higher highs,” he explains. Deutscher advises against attempting to time market rotations between Bitcoin and altcoins. “You can play the game of timing the Bitcoin dominance rotation,” he acknowledges, but cautions that it requires precise timing. Instead, he recommends positioning for the “end game” by holding altcoins that are poised to outperform Bitcoin in the latter stages of its move. “Although that means I’m going to have to hold throughout periods of altcoin underperformance […] by the end of the cycle, I’m going to make more money playing that game,” he asserts. He stresses the importance of focusing on strong narratives and being selective with investments. Quoting Warren Buffett, he notes, “Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.” Deutscher elaborates: “I think you should be selective. You don’t want to be over-diversified to the point where you hold six AI coins, six RWA coins, eight meme coins, five Layer-1s, three Layer-2s. This is a market where you’re better off to have maybe two plays from each narrative and just go higher conviction into those coins.” Key Narratives and Top Altcoin Picks Deutscher identifies several hot crypto narratives and specific altcoins that he believes have the potential to yield significant profits. In the memecoin sector, Deutscher highlights the emergence of AI-driven meme coins, where AI agents create and promote tokens. His leading play in this space is GOAT. “This narrative either goes to billions and really takes off and GOAT could be a one-billion-plus coin, or it goes to zero,” he admits, acknowledging the high risk involved. Besides AI memecoins, Deutscher recommends looking at the memecoin list by Murad Mahmudov. “I do think SPX6900 is a decent play. I also like GIGA, but probably not as much as SPX. I also like MOG. I like pretty much all of these but I think, you just gotta pick two or three that you resonate with the most.” Beyond meme coins, Deutscher is heavily investing in AI projects. He has taken positions in tokens like Bittensor and Near Protocol. “I’m meeting two to three AI founders a day. I’m really digging deep into AI research because it’s one of the verticals that I’m most interested in right now,” he shares. Deutscher also revealed his investments in projects that tokenize real-world assets, such as Mantra (OM), Ondo Finance (ONDO), and Pendle. While he has started taking profits from these investments due to significant gains, he is reallocating into projects like Clearpool (CPOOL), which he believes can “push up into that top-five echelon of RWA protocols.” He hints at another RWA project he’s bullish on but hasn’t publicly disclosed yet. Deutscher emphasizes the importance of accumulating crypto positions during market dips, especially in sectors poised for growth. He notes that the current market phase rewards dip buyers. “We’re in this new paradigm where we are getting higher lows. The market is actually rewarding those that buy these dips and take advantage of the dips,” he observes. He underscores the need for adaptability and disciplined risk management to maximize profits and potentially make millions. “You need to be evolving in the market in order to be profitable, and you need to be condensing positions that maybe aren’t so great or sexy or attractive for this next run into positions that are attractive,” he advises. Deutscher also cautions against fixating on arbitrary price targets or portfolio milestones. “Price targets are stupid,” he asserts. “The number one way that people wreck themselves last cycle was attaching themselves to arbitrary numbers like, ‘Oh, when I hit a million dollars, then I’ll cash out,’ or ‘Oh, when Bitcoin hits 100K, then I’ll cash out.'” Instead, he recommends implementing an incremental profit-taking system. “For each coin that you buy, have a plan to shift out set percentages at certain multiples,” he suggests. “This approach allows investors to secure gains progressively and adjust to market conditions without the need to predict exact peaks.” At press time, Bitcoin traded at $67,347.

On-chain data shows a Bitcoin signal that has led to at least a 70% rally the last four times has recently formed for the asset once again. Bitcoin MVRV Momentum Has Seen A Bullish Crossover Recently In a new post on X, analyst Ali Martinez has discussed the recent trend in the Bitcoin Market Value to Realized Value (MVRV) Ratio. The “MVRV Ratio” is an indicator that keeps track of the ratio between the Bitcoin market cap and the realized cap. The realized cap here refers to an on-chain capitalization model that calculates the total value of the asset by assuming that the true value of any token in circulation is the price at which it was last transacted on the blockchain and not the current spot price. This last transaction price of any coin is likely to be its latest cost basis, so the realized cap is essentially a sum of the cost basis of all tokens in circulation. Put another way, this model represents the capital the investors have put into the asset. In contrast, the market cap, which calculates the total valuation of the total BTC supply at the current spot price, signifies the value the investors hold right now. When the value of the MVRV Ratio is greater than 1, the investors hold more value than they put in, so they are in a state of net profit. On the other hand, the metric under this threshold suggests the market as a whole is carrying a loss. Now, here is a chart that shows the trend in the Bitcoin MVRV Ratio and its 180-day moving average (MA) over the last few years: As displayed in the above graph, the Bitcoin MVRV Ratio has seen a surge recently as the asset’s price has gone through its recovery run, implying investor profitability has improved. With this increase, the indicator has now broken above its 180-day MA. Historically, a surge beyond this line has meant that the momentum of the metric has flipped to positive, which has proven to be a bullish predictor for the price. In the chart, the analyst highlighted the previous rallies that followed a momentum flip in the MVRV Ratio. BTC appeared to have seen surges of at least 70% on each of the last four occasions. Going by this precedent, the latest change in the MVRV Ratio momentum to green may again lead to a surge for Bitcoin. It only remains to be seen, though, whether any such rally would be of a comparable scale to the previous ones or not. BTC Price At the time of writing, Bitcoin is trading at around $67,500, up almost 3% over the last week.

Rising near $68,000 and inching towards its all-time high, Bitcoin (BTC) has shown amazing momentum in recent weeks. Along with this gathering, the dominance of Bitcoin has grown—that is, the percentage of the total market capitalization of cryptocurrencies BTC reflects. From 57.69% in early October to 58.8%, Bitcoin’s dominance has expanded indicating great investor trust in the flagship coin as of right now. Although experts disagree on whether Bitcoin will reach $80,000 or even $90,000 shortly, many believe that passing the $80,000 barrier would be a major event confirming the next bull run. More significantly, such a breakout might signal the start of a new altcoin season where other cryptocurrencies (altcoins) surpass Bitcoin gains. Rexas Finance (RXS) is among the cryptocurrencies most likely to profit from this upcoming wave. Bitcoin’s Dominance and Its Impact on the Market Many altcoins either consolidate or underperform as traders and investors move their money into Bitcoin to ride its momentum as its price and dominance climb. Throughout cycles of crypto bulls, this trend has been seen often. Well-known X expert Ash Crypto noted that should Bitcoin hit $80,000-$90,000 during the next month, BTC’s dominance will climb to 61%, thereby commanding an even bigger part of the market. But after Bitcoin steadies or declines from these highs, money usually moves into altcoins, generating what is sometimes described as “altcoin season”. Altcoins generally surpass Bitcoin in terms of percentage gains during this time; they also tend to surge very dramatically. One outstanding cryptocurrency with real-world value, Rexas Finance (RXS), is probably going to see major gains during this shift. Rexas Finance (RXS): Poised for Explosive Growth During Altcoin Season One of the most exciting altcoins to purchase ahead of the next altcoin season as Bitcoin gets closer to its $80,000 breakthrough is Rexas Finance. Using its real-world asset tokenizing (RWA) technology, Rexas Finance (RXS) is transforming the Bitcoin scene. It enables consumers to tokenize and exchange globally nearly any physical or digital asset—including real estate, commodities, artwork, and intellectual property—on a worldwide basis. To ordinary investors, the tokenization of real-world assets creates multi-trillion-dollar marketplaces such as the $12 trillion gold market and the $379 trillion real estate sector. By eliminating conventional access to the entrance, fractional ownership makes it simple for anybody to participate in these very valuable assets. Whether it’s a percentage of commercial property in Europe or a piece of a gold deposit in Asia, investors may purchase, sell, or trade Rexas shares of assets from anywhere in the globe with just a few clicks. Key Features of Rexas Finance (RXS) Token Builder: Designed as a no-code tool, the Rexas Token Builder lets users quickly generate and release tokens symbolizing actual assets. Rexas offers strong yet easy tools to tokenize assets, from developer tokenizing intellectual property to individual selling fractional real estate. Rexas Launchpad: Through tokenized initiatives, the Rexas Launchpad provides a venue for asset owners, developers, and businesses seeking finance. This tool opens new financing prospects by linking worldwide investors with creative projects. Rexas Estate: Investors may access worldwide property markets and hold fractional interests in residential, commercial, and industrial real estate using Rexas Estate. This function lets users exchange tokenized property shares similar to those of cryptocurrencies, therefore changing real estate investing. Other Utilities: Apart from tokenizing real estate, Rexas Finance provides utilities for tokenizing intellectual property, goods, and art, therefore generating a variety of investment prospects for consumers. How Rexas Finance Benefits from Bitcoin’s Rally Rexas Finance is positioned to flourish throughout the altcoin season as money moves from Bitcoin into smaller, highly prospective initiatives like RXS. Rexas provides what few other cryptocurrencies offer—tangible value beyond speculative trading—by means of its creative real-world asset tokenizing. While during its bull run, Bitcoin draws institutional investors and whales, many may ultimately search for other assets with better returns. Currently, in its presale Stage 4 at $0.060, RXS offers a good starting place for anybody wishing to profit from the next cryptocurrency surge. Early investors have already witnessed 100% returns; additional gains are expected given the next presale price is slated to climb to $0.070. Out of 110 million available, the presale has already generated over $4 million with over 86 million tokens sold. When Bitcoin approaches the $80,000 barrier and gets ready to start the altcoin season, RXS is likely to rank among the best-performing altcoins. What Happens if Bitcoin Reaches $80,000? Should Bitcoin break $80,000, altcoin trading volume is probably going to increase. Historically, investors start rotating their gains into high-potential altcoins after Bitcoin hits fresh highs and steadies. Rexas Finance is well suited to catch this flood of money as it emphasizes practical use. With the increasing buzz around Rexas Finance’s tokenizing system, RXS may see explosive expansion during the next altcoin season. Analysts estimate up to 5000% returns for RXS as tokenized real-world assets get more popular and draw institutional and individual investors. Conclusion: Rexas Finance Set to Dominate Altcoin Season The whole bitcoin market is under intense observation as the value approaches the crucial $80,000 barrier. A verified breakout might not only propel Bitcoin to fresh all-time highs but also start altcoin season, therefore generating chances for projects like Rexas Finance (RXS) to flourish. Rexas Finance is a necessary component of any crypto portfolio as it provides unparalleled usefulness and investment chances with its real-world asset tokenizing system. Early RXS investors are positioned to gain from the next wave of capital movement into altcoins when Bitcoin rallies. Rexas Finance gives people wishing to diversify outside of Bitcoin real value and the possibility for large gains. Whether Bitcoin reaches $80,000 or not, RXS’s creative approach to tokenization and asset management will help them to dominate the industry. Now is the opportunity to ride the wave of altcoins season to new financial heights and join the RXS presale before prices surge even further. 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.

Hong Kong, Singapore, London, and Dubai, Global, October 22nd, 2024, Chainwire Scroll, the leading zero-knowledge rollup for Ethereum, announced the launch of its native token, $SCR today. With the introduction of $SCR, Scroll recognizes its global community of contributors for their ongoing support and aims to provide everyone, everywhere with opportunities to participate in the decentralized future of Scroll. $SCR will be distributed to Scroll contributors through thoughtfully designed allocations to maximize impact in creating opportunities for a decentralized global community. Initial distribution of $SCR will include an airdrop to participants who contributed to onchain activities, projects that have built on Scroll, industry contributors (such as technical contributors, zero-knowledge researchers, open-source developers, public goods organizations, and educational data providers) as well as broader global community organizers, hackathon winners, Road to DevCon and Ethereum translators. The design of this first airdrop recognizes the importance of Scroll contributors’ participation, involvement, and community support. In addition, Scroll will be introducing the next generation of reward programs, to generate new ways of fostering innovation and elevating support for the Scroll community. Scroll Open, a new program designed to reward the most innovative, creative, and fast-growing builders on Scroll will provide retro grants with a potential allocation size of US$100 million. Using advanced zero-knowledge technology, Scroll has the fastest finality among all rollups, making it a cornerstone of the platform’s security and interoperability. This innovation transforms finality from a mere technical milestone into a vital feature that will drive the resilience of the entire network, further enhancing the utility of $SCR within the ecosystem. About Scroll Scroll is the leading zero-knowledge rollup. Leveraging fast finality and high throughput, Scroll is creating a more accessible, and secure onchain future for everyone. Our mission is to provide an easy-to-use, developer-friendly environment to scale Ethereum for good. Scroll empowers builders to ascend beyond today’s limitations and drive real-world impact. For more information, users can visit scroll.io. Contact Head of Communications Ryan Dennis Scroll [email protected]

Pump.fun teases a new token launch and airdrop, sparking excitement in the crypto community. Pump.fun launched Pump Advanced, a new trading terminal aimed at competing with tools like Photon and Bull X. Pump.fun, a Solana-based memecoin launch platform, has reignited excitement by teasing the release of a new token and a potential airdrop. In an official post on its X account (formerly Twitter), Pump.fun hinted at the airdrop, stating, “The top isn’t in until this drops.” This suggests that the platform believes the market’s peak or best performance has not yet been reached and will only happen once this new token is launched. On Saturday, the memecoin marketplace introduced its latest feature, Pump Advanced, during a Twitter Spaces session along with an airdrop launch. This new trading terminal is created to compete with other tools like Photon and Bull X, with features such as mini charts, top token holder stats, and social activity tracking. Further, Pump Advanced has 0% fees for the first month to attract new users and offers logins via the Privy wallet solution. How Has Pump.fun Performed in the Memecoin Market? Since launching in January, the platform has gained fame for its wild memecoin trends, from celebrity-inspired tokens to famed memes. Till now, Pump.fun has deployed over 2.5 million unique tokens and generated 965,003 SOL ($147 million) in fees. Additionally, it has attracted more than 28,000 new users on Oct 21 alone. Moreover, the Pump.fun fee account sold 40,000 SOL ($6.68M) around 10 hours ago, as per Lookonchain data. The memecoin marketplace sold a total of 503,343 SOL from its total revenue of 969,945 SOL tokens. Despite these sales, Pump.fun still holds a balance of 283,328 SOL, indicating it remains a significant player in the Solana ecosystem. Highlighted News Of The Day Coinbase Files FOIA Requests on U.S. Crypto Regulations

Ethereum slipped to $2.6K, plummeting by over 3% over the past 24 hours. The technical indicators suggest the incoming bear run. The trading day opened with the cryptocurrency market exhibiting a moderate dip in market cap of 2.23%, positioned at $2.33 trillion, over the last 24 hours. Major cryptocurrencies are priced in red. Notably, the largest asset, Bitcoin (BTC), has briefly entered the bearish zone by losing over 2%. The largest altcoin, Ethereum (ETH), has recovered from the previous lows and fluctuated between $2.6K and $2.8K for the past few days. Despite these attempts, seemingly ETH is unable to break through crucial resistance levels. ETH has witnessed a price drop of 3.42% in the past 24 hours. This decline is reflected in the price movement, which currently trades at $2,637. The daily price chart shows the asset’s struggle to maintain the price within the $2.7K mark. Moreover, ETH recorded the lowest price at $2,616, and the highest at $2,742. Amid this, the market witnessed an ETH liquidation of $57.55 million as per CoinGlass, and the daily trading volume of ETH has plunged by over 1% to $17 billion, according to CoinMarketCap data. On the other hand, Ethereum co-founder Vitalik Buterin has recently shared solutions to help Ethereum minimize block production and staking centralization through the “Scourge” phase, addressing the emerging technical and governance challenges. Will ETH’s Bearish Pressure Continue? ETH observed a mild gain of 2.15% over the last seven days. The week began trading at the $2,591 mark. The asset’s price has progressed and ranged between $2,668 and $2,610. Ethereum’s market sentiment is entering the neutral zone, as the daily relative strength index (RSI) is at 45.80. Moreover, ETH’s daily frame exhibits the short-term 50-day moving average at $2,633, above the long-term 200-day moving average at $2,548. In addition, the four-hour Moving Average Convergence Divergence (MACD) line of ETH falls below the signal line, inferring the ongoing bearish sentiment, and the market can expect the incoming bear run. Looking ahead, if Ethereum’s price slips below $2.5K, the bearish pressure might trigger the asset to fall further to the $2.3K mark. On the flip side, ETH might climb up if the bears weaken. The asset could rally to a high of $2,790; possibly ETH could hit the $2.9K mark.

Bitcoin has recently seen an uptick in retail investor activity following months of subdued participation, according to a report by CryptoQuant analyst caueconomy. The analyst highlighted this in a post on the CryptoQuant QuickTake platform, disclosing how this return in retail demand could be one of the signs of a bull market. Bitcoin Retail Activity Returns After 4-Month Decline The CryptoQuant analyst noted that on-chain transaction volumes of up to $10,000—a key indicator of retail investment—have increased by approximately 13% in the past 30 days. This marks a shift after four months, during which smaller investors were largely inactive. caueconomy wrote: The analyst further explained that the increase in small investor activity is typically more sensitive to market sentiment and news than fundamental factors. Additionally, it provides an early indicator of capital flows into the Bitcoin network. As mentioned by caueconomy, this rise in retail demand, which hasn’t been observed since March, could signal the beginning of a trend toward “lower risk aversion” among non-institutional market participants. Notably, this increase in small investor activity comes at a time when Bitcoin’s price has seen constant increase in the past week, with the cryptocurrency recently attempting to reclaim the $70,000 mark. An Outlook On BTC’s Price—72% Rally Next? While retail demand appears to be returning, Bitcoin faces a minor retracement after its recent attempt to break the $70,000 price mark earlier today. The crypto asset reached a high of $69,431 earlier today but has since fallen by 2.4% in the past 24 hours, bringing the current price down to $66,951. Despite this slight dip, market sentiment among analysts remains optimistic about Bitcoin’s future potential. One notable analyst, Javon Marks, recently took to X to express his bullish outlook for Bitcoin. Marks highlighted a potential 72% price increase that could push Bitcoin to $116,000 or higher. According to his analysis, Bitcoin has been working around a key price level of $67,559. Despite the recent pullback, several bullish patterns—such as Hidden Bullish Divergences—suggest that Bitcoin may soon break above this level. If Bitcoin successfully crosses this threshold, it could increase price movement toward $116,652. Featured image created with DALL-E, Chart from TradingView

Coinbase files FOIA requests for clarity on crypto regulations. FDIC allegedly imposed 15% deposit cap without public consultation. Coinbase has intensified its push for regulatory transparency, filing two Freedom of Information Act (FOIA) requests against U.S. agencies. The exchange aims to shed light on the growing restrictions faced by banks dealing with crypto deposits. It particularly targets the Federal Deposit Insurance Corporation (FDIC) and other regulators involved in the cryptocurrency crackdown. Paul Grewal, Coinbase’s Chief Legal Officer, shared in an October 21 post on X (formerly Twitter) that the first FOIA request seeks information on an alleged 15% deposit cap imposed by the FDIC on banks accepting funds from crypto companies. Coinbase claims that the rule was made without public consultation, which is generally required under U.S. law. The company is pushing for clarification on how this restriction impacts the wider cryptocurrency industry. Meanwhile, the second FOIA request focuses on how regulators responded to previous FOIA inquiries concerning the treatment of cryptocurrencies. This follows Coinbase’s 2023 legal actions against the FDIC and the U.S. Securities and Exchange Commission (SEC) for allegedly ignoring earlier FOIA requests related to the regulatory classification of Ethereum (ETH) and staking services. In the past, Coinbase also raised concerns over “pause letters,” which the FDIC allegedly sent to banks, urging them to slow their crypto-related activities. The Political Drama This regulatory friction comes amid a broader political debate on cryptocurrency’s future in the U.S. With the 2024 presidential election approaching, pro-crypto figures like Donald Trump have expressed support for making the U.S. a leader in the crypto space, while Democratic candidates, including Kamala Harris, have been less vocal. The crypto community feels Coinbase’s ongoing regulatory battle reflects its broader effort to advocate for clearer, fairer crypto regulations through its “Stand with Crypto” campaign and political action committee (PAC), launched in early 2024. As Grewal emphasized, Coinbase seems committed to challenging regulatory opacity, stating, “So long as the government will not relent, neither will Coinbase.” Highlighted News Of The Day Has Solana (SOL) Marked $200 as The End Target of October?

NEIRO price fell by 4.50% to $0.001757 in the last 24 hours. GSR Markets withdrew 33.73M NEIRO from Bybit, signaling price cooling. The current price of NEIRO stands at $0.001757, showing a 4.50% decrease in the past 24 hours. Its market cap has dropped by 4.50%, now sitting at $738.96 million. Trading volume has surged, increasing by 18.04% to reach $328.29 million in the same period. The volume-to-market cap ratio of 44.82% highlights strong trading activity. These indicators suggest a recent increase in trading, even though the market valuation has slightly dipped. In recent transactions, GSR Markets withdrew 33.73 million NEIRO worth $2.85 million from Bybit, signaling a potential price cooling phase. Over the past 14 days, they have withdrawn 74.13 million NEIRO (7.41% of the total supply). Another recent withdrawal by GSR saw 25.4 million NEIRO ($2.41 million) removed from Bybit 8 hours ago, indicating a strategy of market accumulation. On October 12, GSR’s holdings surpassed Wintermute’s with a total of 40.4 million NEIRO (4.04% of the supply). Additionally, 38 million NEIRO tokens were transferred to Binance for a marketing campaign, signaling an upcoming development that could influence the price. Bearish Crossover and Resistance Challenges Ahead Technical Indicators The moving average (MA) shows a bearish crossover between the 9-day and 21-day MAs, suggesting further price declines. The RSI (Relative Strength Index) is at 69.71, close to the overbought zone, indicating that selling pressure might increase soon. If the RSI continues to rise past 70, it could lead to a correction in NEIRO’s price. Currently, the nearest support level is around $0.00168, and if this level breaks, the price could fall further. However, resistance is forming near $0.00190, and if the price breaks this level, it might climb towards $0.0020. However, the overall sentiment remains bearish due to the downward momentum from the moving averages. The price movement of NEIRO continues to reflect heavy market maker activity, and the recent withdrawals signal potential shifts in strategy. As technical indicators lean towards a bearish outlook, the market might face further corrections if key support levels are breached. Highlighted Crypto News Today ApeCoin Moves Tokens to Prominent Accounts Amid Price Rally

In the competitive landscape of altcoins, Zig Network (ZIG) is gaining attention with its innovative approach to blockchain technology. While established coins like Cardano (ADA) and Solana (SOL) have dominated the market for years, Zig Network (ZIG) offers a fresh perspective on how cryptocurrencies can deliver value to their communities. Let’s examine how Zig Network (ZIG) compares to these established players and why it may be a worthwhile addition to your investment portfolio. Cardano (ADA): A Long Journey with Marketing Challenges Cardano (ADA) is renowned for its research-backed blockchain technology. However, one of its primary challenges has been visibility. Influential figures in the community, such as Rick McCracken, have pointed out that Cardano’s marketing efforts have not kept pace with its technological advancements. Despite a market capitalization exceeding $12 billion, critics argue that Cardano lacks the engagement seen with some newer coins. In contrast, Zig Network (ZIG) is targeting early adopters and has made a strong market entry, particularly appealing due to its low price of $0.01. Additionally, its revenue model incentivizes users by allowing them to profit based on their active participation in the network, rather than being solely dependent on market fluctuations. Solana (SOL): Market Stability Amid Price Concerns Unlike many cryptocurrencies, Solana (SOL) has maintained relative price stability in recent months. Despite potential lows around $50, its value has not dropped significantly, and the total value locked in its ecosystem has increased by 56%. However, while investors are hopeful for a breakout, uncertainties remain. Compared to the volatility associated with Solana (SOL), Zig Network (ZIG) offers a unique proposition. Its decentralized governance structure empowers token holders, allowing them to participate in critical decisions about the platform. This feature is particularly attractive to investors who desire greater control over their assets and returns. Why Zig Network (ZIG) Holds Growth Potential Zig Network (ZIG) is carving out a distinct niche in the cryptocurrency landscape with its innovative revenue-sharing model that rewards early adopters. Unlike traditional altcoins, which rely heavily on market dynamics for profit, Zig Network (ZIG) provides long-term compensation based on user participation, fostering a more equitable reward system. Furthermore, its decentralized governance model gives token holders a voice in essential platform decisions, enhancing its community-driven appeal. As new investors seek projects with real-world applications and fair reward distribution, Zig Network (ZIG) presents a compelling alternative to major altcoins like Cardano (ADA) and Solana (SOL). With its current market price at just $0.01, it is an attractive option for those looking to invest early in a project poised for significant growth in 2024. To learn more about Zig Network (ZIG), please explore the links below: Participate in the Zig Network Read the ZigNet Whitepaper 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.

ApeCoin has shown significant price increases in the last few days as per CMC data. The ApeCoin DAO’s ApeChain went live on October 20. Several memecoins have risen to prominence over the past few weeks. This has led to speculations of a returning memecoin season. The largest memecoin and Elon-Musk endorsed DOGE has shown significant surges in the past weeks. Specifically, ApeCoin has shown significant price surges over the weekend. The official ApeCoin account has been observed making movements in the past few hours. According to Arkham Intelligence data, the official account transferred 3.289 million tokens worth $5.13 million to prominent liquidity platform Wintermute two hours ago. Following this, it moved another 1.297 million ApeCoins worth $2.04 million to an anonymous address —“0xEA6.” Additionally, the Wintermute account has received a total of 8.289 million APE tokens worth approximately $12 million, in the last 5 hours. The liquidity firm has also received APE from several other exchanges including Coinbase, and transferred it to other accounts. Wintermute’s current APE holdings stand at 972.818K. Moreover, the ApeCoin prices, as aforementioned, have shown significant upward movements over the last two days in particular. On inferring its daily price chart, APE shows an additional 1.73% price increase. Zooming out, in the past week the token has factored in a 96.28% price breakout. It rallied from a low of $0.76 to a weekly high of $1.74. At the time of writing, the token was trading at $1.51 as per CMC data. Why Did ApeCoin Price Experience a Breakout? The memecoin which has taken to the spotlight began its rally on 20 October as the ApeCoin DAO announced the launch of its ApeChain. The blockchain is ApeCoin’s Layer 3 mainnet built on the Arbitrum Orbit. This blockchain has introduced a new feature called the “Automatic Yield Mode”. This doesn’t require APE holders to stake to earn rewards and automatically rewards them. With this announcement, the token has shown a significant rise in price. Meanwhile, as aforementioned, other tokens such as DOGE and altcoins Solana and Ethereum have also progressed from their consolidation phases. Highlighted Crypto News Today: Shiba Inu Analyst Predicts SHIB to Reach $0.00003 Level: Here’s When

Amid bullish predictions for the market’s fifth-largest cryptocurrency, Solana (SOL), asset manager VanEck announced a significant upgrade to its Solana exchange-traded note (ETN), which now offers an automated staking feature, contributing to SOL’s ongoing price recovery. New Staking Rules For VanEck’s Solana ETN Matthew Sigel, head of digital asset research at VanEck, revealed that the Solana ETN, which trades under the ticker VSOL and currently has $73m in assets under management, will have rewards accrued and reinvested daily under the new staking rules, with the ultimate aim of attracting more investors and new capital. On the other hand, VanEck’s press release outlined how the staking process works for the Solana ETN. Importantly, the staking methods are designed to be non-custodial, meaning that the custodian of the ETN’s assets retains full control of the staked SOL, thereby eliminating lending risks typically associated with crypto investments. In addition, investors in the Solana ETN will not need to take any action to receive staking rewards. These rewards will be accounted for in the coin entitlement of the ETN, ensuring equitable distribution regardless of when the investment was made, minus a 25% staking fee. The staking rewards will be reflected in the daily end-of-day net asset value (NAV), with a cutoff point at 4 PM CET, allowing investors to benefit from staking without the “complexities” usually involved in managing crypto assets directly. The firm also instructs its custodian to delegate SOL to a validator node owned and maintained by a staking provider. Importantly, control of the delegated SOL remains with the custodian, ensuring security and stability. Once the SOL is delegated, the validator node earns various rewards, including inflationary and block rewards, accrued continuously. These rewards will be reinvested into the ETN daily, contributing to its overall performance. SOL Price Prediction The fifth-largest cryptocurrency, has shown significant price action over the past month, gaining approximately 10% and currently trading at $164.50. This recovery follows a significant drop to around $109 on August 5, signaling a strong rebound amidst a generally bullish market sentiment. Market expert Carl Runefelt recently highlighted Solana’s potential for further gains in a Monday social media post, stating that the token could “go parabolic starting today.” Runefelt pointed out a significant technical pattern on the SOL/USDT daily chart, identifying a breakout from a “Cup and Handle” formation. This bullish pattern often signifies a strong upward momentum, with Runefelt projecting a potential price target of $370. Achieving this target would mean Solana surpassing its all-time high of $259, set in November 2021. This bullish outlook aligns with other analysts’ broader bullish predictions for the cryptocurrency market, particularly Bitcoin, which is also expected to hit new highs in the coming months. Featured image from DALL-E, chart from TradingView.com

Fantom (FTM) registered a remarkable performance over the past 24 hours, attempting to break above a crucial horizontal level. Some market watchers forecasted a 345% surge before the year’s end but set the key levels to reclaim before FTM’s new all-time high (ATH). Fantom Breaks Out Of Downtrend As Sunday ended, Fantom’s price jumped 8.2% toward a crucial resistance level not seen in four months. The cryptocurrency neared the $0.8 mark for the second time in the last seven days, fueling a bullish sentiment among investors. FTM has registered a 46.6% increase in the past three months, recovering from Q3’s market crashes and challenging June’s price action. June’s horizontal resistance marks the first crucial level for the cryptocurrency, as it was a strong support area during Q1 and Q2. Moreover, Fantom has been on a 7-month downtrend since its yearly high of $0.97, currently sitting 23% below it. Market analyst AMCrypto suggested that the cryptocurrency’s downtrend “is now over.” The analyst noted that the token broke above the trendline after surging above the $0.74 resistance level and testing it as support over the last week. However, he highlighted the similarities between FTM’s chart today and before Q1’s rally. Fantom rose two times to the upper range of its accumulation zone and retraced before its run toward its yearly high. To AMCrypto, FTM could see a final correction toward the $0.70-$0.72 range before rallying 35% toward “$1 and above.” Similarly, crypto investor Rager commented on FTM’s chart strength. To the investor, the token “gives the Solana 2023 pump-like vibes,” suggesting it will “play catch up for the major chains over the next three months.” FTM’s Price Targets $3 Analyst Altcoin Sherpa shared his thoughts on the token’s future performance. Sherpa considers that Fantom will continue “to grind higher” if Bitcoin’s price remains stable. BTC’s movements have affected FTM’s price, losing support losing its support whenever the flagship crypto drops. However, Fantom has managed to hold above the recently reclaimed $0.74 mark as Bitcoin dropped 2.2% to the $67,000 support zone on Monday morning. The cryptocurrency must regain the $0.75 mark to continue building on its bullish momentum and reclaim the $0.8 resistance. Turning this level into support targets a potential rise above $3. Meanwhile, other market watchers suggested that FTM will hit a new ATH before its token migration. As reported by NewsBTC, Fantom is set to transition to the Sonic Network between November and December of this year. The transition will see FTM migrating to Sonic’s native token, S, offering a 1:1 conversion ratio for FTM holders. The new cryptocurrency will have a 3.175 billion token supply like Fantom but will mint an additional 190.5 million tokens, worth 6% of the supply, six months after its launch. Fantom trades at $0.746, a 0.4% surge in the daily timeframe at the time of writing.

Since July 29, the Bitcoin price has been struggling to regain the $70,000 mark, which has proven to be a formidable resistance barrier for the leading cryptocurrency. This resistance has been in place for the last two quarters of the year, after BTC hit an all-time high of $73,700 back in March this year. Since then, the market has experienced price corrections and periods of consolidation, but recent bullish sentiment has sparked hope for a price resurgence as the year progresses. Could $70,000 Be Within Reach? Market analyst Rekt Capital has provided insights into Bitcoin’s current trajectory, emphasizing the recent uptrend and the potential for the cryptocurrency to regain the $70,000 mark. Notably, Rekt pointed out that Bitcoin has broken through a downtrending channel after surpassing the $65,000 level earlier this month, effectively invalidating a series of lower highs that had been established since mid-March. This breakout signifies the end of the previous downtrend. Rekt noted that Bitcoin had repeatedly failed to break above the channel’s resistance, but the most recent weekly close has shifted market sentiment. In his analysis, Rekt explains that Bitcoin is currently retesting its former resistance point above $69,000, suggesting that a successful retest could confirm the breakout and pave the way for further upside momentum. Rekt further explains that the current retest of lower support floors could see Bitcoin’s price dip to around $66,300, which is the channel top. This level has previously served as a significant barrier, preventing the price from reaching higher levels. Rekt pointed out that last week’s performance demonstrated the importance of this area, as Bitcoin closed above the lower high, setting the stage for a possible transition to higher levels if the aforementioned support holds. Key Resistance Challenge Ahead For Bitcoin If Bitcoin successfully retests this support level, the analyst expects that the next target would be the range high at approximately $71,500. This level marks a crucial challenge for Bitcoin, as it would signify the first attempt to breach the top of the re-accumulation range since June. Rekt goes on to argue that a successful move towards the area high above these levels would demonstrate that the previous resistance is weakening, further boosting BTC’s prospects of reaching higher levels. However, the question remains: how deep will any potential retracement be if Bitcoin faces rejection at the range high? Historically, since mid-March 2024, Bitcoin has encountered deeper rejections, with declines of 21% to 25% on August 5 and September 6 respectively. Rekt concludes that BTC is moving deeper into a prior resistance area at $66,000, which may soon transform into support. A successful retest of this level could precede a significant reversal back to the $70,000 mark, reinforcing the bullish outlook for Bitcoin as it navigates through these critical price levels. At the time of writing, BTC is trading at $67,350, registering a retracement of 2% in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com

BNB price corrected gains below the $605 level. The price is now holding the key $588 support and might aim for a fresh increase. BNB price started a downside correction from the $612 resistance zone. The price is now trading below $600 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $595 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $588 level to start another increase in the near term. BNB Price Could Regain Traction After a decent upward move, BNB price saw a rejection pattern nears the $612 zone. A high was formed at $611 and the price started a downside correction like Ethereum and Bitcoin. There was a move below the $605 and $600 levels. The price even dipped below $592 before the bulls appeared near $590. A low was formed at $591 and the price is now consolidating. It climbed above the $598 level and the 23.6% Fib retracement level of the downward move from the $611 swing high to the $591 low. The price is now trading below $600 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $602 level or the 50% Fib retracement level of the downward move from the $611 swing high to the $591 low. The next resistance sits near the $610 level. A clear move above the $610 zone could send the price higher. In the stated case, BNB price could test $620. A close above the $620 resistance might set the pace for a larger move toward the $632 resistance. Any more gains might call for a test of the $650 level in the near term. More Losses? If BNB fails to clear the $605 resistance, it could start another decline. Initial support on the downside is near the $592 level. The next major support is near the $588 level. The main support sits at $588. If there is a downside break below the $580 support, the price could drop toward the $575 support. Any more losses could initiate a larger decline toward the $565 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $592 and $588. Major Resistance Levels – $605 and $612.

While new cryptocurrencies come into being one after another, staking has become one of the favorite ways for investors to make passive income by locking their crypto assets. This article will guide you to the best staking platforms to earn passive income in 2024 as follows. OkayCoin Binance Kraken Coinbase Crypto.com Nexo Ku Coin Bybit EToro stakefish What is staking? Staking generally refers to the process of locking up your cryptocurrency to contribute to the functioning of a blockchain, usually in proof-of-stake systems. By staking assets, you help in further verifying transactions and securing a network. Through this method, rewards are given to you, the user; rewards often take the form of extra cryptocurrency. Staking gives you a chance to generate some passive income with very little effort, and the rewards will often vary depending on the different platforms, cryptocurrencies, or lock-up period. 1. OkayCoin – Best for Staking The leading staking platform that users can use with ease securely to create passive income by means of staking in various cryptocurrencies. The key features supported by the platform include multifunctional PoS tokens and very competitive staking rewards. There is a referral program that rewards users by inviting others as an extra stream linked to creating an additional stream of income. pros Low fees – competitive staking fees with many other platforms; User-friendly interface – quite easy to use and is good for any category of user Various staking options – one can choose the best variant, meaning the most beneficial one for him. Regulated and secure – carries out activities in strict accordance with regulations. Hence, such a platform has gained greater trust among users. How to Sign up: Joining OkayCoin is quite effective and simple. As a matter of fact, it only takes a few minutes to do so. Here’s how: Sign up on the website or mobile app of the OkayCoin platform using your email address. Verify Your Identity;Follow the process for KYC verification by submitting your identification documents. Deposit Crypto: Deposit crypto into your OkayCoin account to begin the staking process. Staking Plan: From the different types of staking options, choose one and start earning your reward. You have the chance to earn a welcome bonus of $100 at the time you sign up to okayCoin. You will get a welcome bonus of $100 at the time you sign up. OkayCoin- Referral program OkayCoin has a referral program whereby one gets bonuses for inviting his or her friends to create an account on the website. For every new user that joins and then performs specific trading or staking activities, both the referrer and the new user get some form of bonus given. You will get a 3.5% commission for each order. Staking Plans in OkayCoin Free Trial Staking Plan: $100 for 1 day and earn $1 daily. Ethereum Staking Plan: $300 for 1 day and earn $6 daily. Polygon Staking Plan: $800 for 3 days and earn $8 daily. TRON taking Plan: $1200 for 7 days and earn $12 daily. Polkadot Staking Plan: $3000 for 7 days and earn $33 daily. Celestia Staking Plan: $6000 for 14 days and earn $72 daily. Aptos Staking Plan: $10,000 for 15 days and earn $140 daily. Sui Staking Plan: $20,000 for 15 days and earn $280 daily. Avalanche Staking Plan: $35,000 for 20 days and earn $525 daily. Cardano Staking Plan: $26,880 for 30 days and earn $896 daily. Solana Staking Plan: $42,120 for 30 days and earn $1404 daily. Ethereum Liquid Staking Pro: $90, 000 for 45 days and earn $ 2000 daily. 2. Binance: Global Leader Binance is one of the largest exchanges for cryptocurrencies and has the broadest variety of staking options, from locked to flexible, depending on the asset that one wants to stake. Also, it offers very competitive staking rates and is a highly secure platform for novice and professional stakers alike. Pros High staking rewards – one of the most rewarding companies for staking. Wide range of cryptocurrency: staking of hundreds of coins and tokens is supported. Flexible and locked staking: Users will be allowed to stake their assets with flexible or fixed terms. Security reliably: Robust security features, including insurance funds for protecting users’ assets. 3. Kraken: Trusted for Security Kraken is known for its high level of security and great ease of use. It offers staking for popular cryptocurrencies such as Ethereum, Polkadot, and Cardano. The flexibility Kraken provides, regarding the staking duration, along with the ease of withdrawing, makes Kraken very attractive to users who put a premium on convenience and safety. Pros User-friendly interface: Kraken provides a user-friendly and intuitive staking process for all users. Instant rewards: Users can start getting their rewards immediately after staking. Strong security features: It focuses on safety regarding user assets, hence robust security. Compliance with regulations: Kraken works within strict frameworks of regulations and gives more trust to its users. 4. Coinbase: Great for Beginners Coinbase works perfectly for new users, as it offers an extremely user-friendly interface and pays staking rewards instantly. Ethereum, Solana, and all other supported cryptocurrencies can be easily staked without any complex procedures. The detailed guides make this platform very accessible for those just beginning in this respect of staking. pros Easy to use: The UI is really easy to handle, therefore, the site is perfect for beginners in crypto. Automatic staking: Available to turn on for selected assets. Custodial service: Funds held in Coinbase are insured in case of hacks and other security breaches. Low staking minimum: A user can stake small pieces of crypto. 5. Crypto.com: Flexible Staking Options Crypto.com offers flexible and locked staking. Rewards are paid in function of the stake duration, meaning that longer-term lock-ups will earn the user higher rewards. It has a very user-friendly app and cashback, hence it’s very popular among mobile staking enthusiasts. Pros High staking rewards: Competitive interest rates, especially for CRO and other supported assets. A wide variety of supported assets: Most popular cryptocurrencies, even some niche tokens, are supported to stake. Flexible and fixed terms: The opportunity to choose between flexible terms or choose a lock-in period with higher rewards. Additional benefits to stakers: Higher cashback rates on the Crypto.com Visa card, events, and rewards exclusively available to stakers. 6. Nexo: Earn Interest with No Lock-Up Nexo doesn’t require users to lock their crypto and earn interest from them. It is ideal for users looking to have flexibility because, on certain stablecoins, it offers up to 12% interest rates. Accredited for its security environment, Nexo features daily payouts that have gained trust for passive income. Pros High staking yields: The site is offering really high APY for many kinds of cryptocurrencies. Daily payouts: Users get their staking rewards on a daily basis, therefore, immediately. Collateralized loans: The staked assets can be used as collateral for loans without liquidation. No fixed staking term: There are flexible staking options available, including those without any fixed staking terms; users are free to withdraw their tokens at any time. 7. KuCoin: Best for Smaller Tokens KuCoin offers staking for both major and small-cap tokens, making it more appealing to those looking for higher-risk, higher-reward opportunities. KuCoin Earn makes it easy for users to stake and get interest in many cryptocurrencies that are not accessible on larger platforms. Pros Lower threshold for staking: More accessible, since users holding smaller crypto volumes also have access. Soft staking: Users are able to stake without freezing funds. This allows users to enjoy much better liquidity and more flexible options. Rich variety of staking products on offer: Either from the variety in coins or the multiple options provided for fixed-term and flexible stakings. Distribution of Staking Rewards: Regular distribution of rewards that are accrued by staked assets. 8. Bybit: Low-Fee Staking Bybit offers some of the smallest staking fees anywhere, with very competitive returns on staked assets. It supports major cryptocurrencies and further boasts unique benefits that include VIP staking tiers and referral bonuses. Transparency of the staking process and a user-friendly interface make Bybit ideal for efficiency-seeking customers. Pros Competitive Staking Rewards: High yields for a range of staking products. Flexible Staking: Users can choose between fixed and flexible terms. Rich Educational Content: Educative content is available on Bybit to help users understand staking even better. High Liquidity: Ability to easily withdraw or access their staked assets while minimizing or reducing downtime. 9. eToro: Best for Social Staking What really sets eToro apart, however, is its social features that allow interaction with other stakers and traders alike. It offers seamless staking for popular cryptocurrencies such as Cardano and Tron without too much hassle for rewards accruals. With a secure and regulated environment, eToro is particularly fit for those users who give importance to a social community-oriented staking experience. Pros Passive Staking Rewards: Automatic staking of some assets for users; no extra steps necessary from them. Secure Platform: Safety of funds through strong security protocols and regulated operations. Staking Transparency: Clearly details the fees applied for staking and the distribution of rewards. Community-Driven Platform: Houses social trading features in helping users share knowledge and strategies. 10. Stakefish: Leading Validator Stakefish is the industry-leading staking service provider and validator for various blockchain networks. It enables the services of non-custodial staking for Ethereum, Cosmos, and Polkadot assets. The focus of Stakefish is security and decentralization, which gives users assurance in its transparency for staking. Pros Industry Expertise: Operated by one of the most experienced teams within the staking industry. Dedicated Staking Platform: Focuses solely on staking; thus, preferred services and support are accorded to the stake. Extensive list of supported coins: The staking is supported for a wide number of PoS cryptocurrencies. Conclusion From ease of use and flexibility to highly rewarding and robust security, the offerings that make up the top 10 staking platforms are all over the board. Whether a newcomer to this world of staking or an experienced crypto investor, these opportunities will offer excellent avenues for maximizing earnings in 2024. OkayCoin has been considered among the best staking players due to its low fees, flexible variants of staking, and ease in referral programs that help users boost their rewards. Other popular services include Binance and Coinbase; both of these platforms appeal to a wide class of users-from complete beginners in staking to more advanced ones. Be it security, convenience, or a range of various assets, above is likely to be a staking platform that covers your needs. 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.

XRP price is struggling to clear the $0.5550 resistance. It must stay above the $0.5250 support zone to attempt a fresh increase in the near term. XRP price is consolidating above the $0.5320 zone. The price is now trading below $0.5500 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $0.5500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5550 and $0.5580 resistance levels. XRP Price Trades In A Range XRP price remained stable above the $0.5320 support zone. It started a decent increase above the $0.550 level, but the bears were active near the $0.5600 resistance zone. A high was formed at $0.5600 before the price started to decline like Bitcoin and Ethereum. There was a decline below the $0.5550 and $0.550 levels. Besides, there was a break below a connecting bullish trend line with support at $0.5500 on the hourly chart of the XRP/USD pair. The price dipped below the 50% Fib retracement level of the upward move from the $0.5375 swing low to the $0.5600 high. The price is now trading below $0.5460 and the 100-hourly Simple Moving Average. The bulls are now protecting the 76.4% Fib retracement level of the upward move from the $0.5375 swing low to the $0.5600 high. On the upside, the price might face resistance near the $0.5460 level. The first major resistance is near the $0.5500 level. The next key resistance could be $0.5550. A clear move above the $0.5550 resistance might send the price toward the $0.5600 resistance. Any more gains might send the price toward the $0.5800 resistance or even $0.5880 in the near term. The next major hurdle might be $0.6000. Another Drop? If XRP fails to clear the $0.5500 resistance zone, it could start another decline. Initial support on the downside is near the $0.5420 level. The next major support is near the $0.5365 level. If there is a downside break and a close below the $0.5365 level, the price might continue to decline toward the $0.5320 support in the near term. The next major support sits near the $0.5250 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.5420 and $0.5365. Major Resistance Levels – $0.5500 and $0.5550.