UXLINK, the world’s largest Web3 social platform and infrastructure, proudly announces that it has reached an incredible milestone of 30,000,000 registered users. This achievement comes ahead of its projected target for 2025, marking a significant moment in the company’s growth journey. This milestone not only highlights UXLINK’s rapid growth but also the ever-expanding user base of its on-chain point system, UXUY. With more than 10,000,000 on-chain holders, UXLINK continues to dominate as a leader in Web3 social infrastructure, offering users the most decentralized, transparent, and community-focused environment. The UXUY on-chain points have redefined community engagement with unique features such as non-transferability, expiration, and a recycling mechanism, ensuring genuine contributions and real-person verification. UXLINK is now looking forward to its next challenge: supporting 100,000,000 users through its upcoming system upgrade. The company remains dedicated to maintaining the benefits for its existing UXUY holders while ensuring no additional $UXLINK tokens will be introduced. About UXLINK: UXLINK proudly leads the Web3 revolution as the largest decentralized social platform and infrastructure provider in the world. With a mission to reshape digital interactions, UXLINK connects millions of users, developers, and lifestyle applications in a unified, cutting-edge ecosystem. The UXUY on-chain point system, serving over 10,000,000 holders, delivers unparalleled value with its decentralized, transparent, and non-transferable structure, rewarding genuine community contributions. As UXLINK continues its rapid expansion, it integrates top blockchain networks and popular social platforms, all powered by the seamless “one account, one gas” functionality. UXLINK is building the future of Web3, where secure, scalable, and innovative digital environments become a reality. Learn more at www.uxlink.io. Contact Details: UXLINK: https://www.uxlink.io/ Twitter: https://twitter.com/UXLINKofficial Telegram: https://t.me/uxlinkofficial, https://t.me/uxlinkofficial2 CMC: https://coinmarketcap.com/currencies/uxlink/ Contact Information: UXLINK [email protected] Media Contact: Rachita Chettri MediaX Agency [email protected]

The entire crypto market is enjoying a strong surge, yet XRP has been lagging, remaining stuck below the crucial $0.55 level since the start of October. Analysts and investors are closely watching for signs of strength and confirmation that XRP is poised for significant gains in this market cycle. Key data from Santiment offers a glimmer of optimism. It shows a notable spike in active wallets on the XRP Ledger, which could signal growing interest and accumulation. As the broader market continues to push higher, the coming days are pivotal for XRP. Investors hope for a breakout from the weeks of sideways consolidation that have kept its price action subdued. A decisive move above $0.55 could ignite bullish momentum and put XRP on track to catch up with the broader market rally. For now, the market eagerly awaits further developments, with many anticipating that XRP’s moment may finally be approaching. XRP Ledger Activity Signals A Shift XRP remains one of the most popular altcoins in the crypto market, yet many investors are increasingly concerned as the price has struggled to reclaim local highs around $0.65. Despite the lack of upward momentum, critical data from Santiment offers a glimmer of hope. The XRP Ledger recently experienced a significant spike in activity, with 35,799 unique wallets making at least one transfer daily, marking the highest activity level in over three months. In addition, 3,858 new wallets were created in a single day, the largest increase over seven months. This surge in network activity is a promising sign for XRP, as spikes in active wallets and new addresses often precede major price movements. The growing interest in XRP could be an early indicator of an impending shift in price action, especially as the broader market trends upwards. However, the price must still exceed the local highs of around $0.65 to confirm a bullish trend. While the network data points to potential growth, the coming weeks will be crucial for XRP’s price movement. If it can reclaim key resistance levels, XRP may finally align with the overall market’s bullish sentiment, providing a more optimistic outlook for its investors. Price Action: Technical Levels To Watch XRP is trading at $0.555 after three weeks of sideways movement. It remains below the 4-hour 200 exponential moving average (EMA), but it is now testing this key indicator as resistance. A successful breakout above the 200 EMA, followed by consolidation and holding it as support, would likely signal a surge to higher supply zones around $0.60 and potentially $0.65. This breakout would confirm renewed bullish momentum, encouraging investors to wait for a clear upward trend. However, if XRP fails to break above the 200 EMA and these critical resistance levels, a retrace to $0.52 or even lower could be imminent. Failing to breach this resistance would point to further consolidation or even a correction as the market seeks lower liquidity levels. As XRP continues to test this key technical level, the next few days will be pivotal in determining whether the altcoin can finally break out of its range-bound trading and follow the broader market’s bullish sentiment. Featured image from Dall-E, chart from TradingView

The Ethereum price started the new week by extending last week’s gains, which kicked off after it bounced off support at $2,350. This run has seen the Ethereum price now pushing towards resistance at $2,800, which the bulls look forward to breaking before the week runs out. In light of the recent Ethereum price move, a crypto analyst has noted that the leading altcoin is gearing up for a massive move, and things are about to get interesting. Things Are About To Get Interesting With The Ethereum Price According to the analyst, known as @IamCryptoWolf on social media platform X, the current market conditions and technical setup suggest that Ethereum could be gearing up for a significant breakout, hinting that “things are about to get interesting. The prediction is based on an analysis of Ethereum’s price action against the US dollar (ETH/USD) on a 3-day candlestick timeframe, where the analyst has identified the formation of an inverse head and shoulders pattern. This inverse head-and-shoulders pattern is considered a powerful reversal signal in technical analysis, indicating a transition from a downtrend to an uptrend. The pattern consists of three distinct lows: the left shoulder, the head, and the right shoulder. The head forms the deepest low, while the two shoulders are smaller lows. The neckline, connecting the peaks between the shoulders, acts as a critical resistance level. Once price action breaks above this neckline decisevely, it often sparks a surge in bullish momentum. In the case of Ethereum, the analyst identified this neckline at approximately $2,800. Ethereum has recently been trending upwards toward this level, suggesting that a breakout may be close. In terms of a breakout target, the analyst pointed to the $3,400 level as the first key price zone to watch. Breaking out of the $3,400 level would open up the path to Ethereum retesting its yearly high above $3,920 towards $4,000 and probably even creating a new one. The $3,400 and $3,920 price targets represent 25% and 45% increases, respectively, from the current price of Ethereum. Ethereum And The Broader Market Context The Ethereum price performance in 2024 has been closely tied to the overall market conditions, particularly Bitcoin’s movements. Many large market cap cryptocurrencies have started the week with gains, as many bullish traders look to continue on last week’s momentum. The Ethereum price broke above $2,700 for the first time in October during this weekend as many addresses crossed into the long-term holding cohort, further increasing the bullish sentiment. At the time of writing, Ethereum is trading at $2,720 and is up by 2.83% in the past 24 hours. As things stand, the coming days could be pivotal for the rest of the year, with Ethereum potentially gearing up for a significant upward move above $2,800, making things ‘about to get interesting’ indeed.

Analyst FOUR predicts SHIB to reach $0.00003260 sooner than expected. SHIB up 30% in past month, approaching $0.00002169 resistance. Meme coin sector flourishing despite positive utility token news. Shiba Inu (SHIB) finds itself at the center of bullish speculation as market analysts predict an imminent surge in its value. The 13th-largest cryptocurrency by market capitalization has demonstrated impressive performance, recording a 30% increase over the past month, outpaced only by Dogecoin among the top 15 crypto assets. Pseudonymous analyst FOUR has sparked discussion with a bold prediction, suggesting that SHIB will reach $0.00003260 faster than most market participants anticipate. This forecast implies a potential 71% uptick from current price levels, underscoring the analyst’s bullish outlook on Shiba Inu’s near-term prospects. FOUR’s analysis draws on SHIB’s 1-week chart, which the analyst interprets as indicating sufficient bullish momentum to overcome the looming resistance at $0.00002169 and propel towards the $0.00003260 target. The recent weekly close, marked by a healthy bullish candle near this significant resistance level, adds weight to this optimistic projection. What’s next for Shiba Inu? The analyst also points to the “super” bullish meme coin cycle as a catalyst for Shiba Inu’s potential surge. This sentiment is echoed by IBC founder Mario Nawfal, who highlights SHIB’s impressive performance within the context of the broader meme coin sector’s upward trajectory. The flourishing meme coin sector stands in contrast to the performance of utility tokens, even in the face of positive developments such as the SEC’s approval of options trading for Bitcoin spot ETFs. Despite Bitcoin’s brief touch of $69,000 following this news, meme coins continue to attract attention and capital inflows.

Crypto adoption is speeding up as TRON (TRX), Polkadot (DOT), and BlockDAG (BDAG) make significant strides this week. TRON’s price is climbing, helped by token reductions and positive market trends, while Polkadot nears an important growth point after some setbacks. Meanwhile, BlockDAG is gaining more users quickly due to its strong presale results, already nearing the $100 million mark. With this fast presale pace, analysts believe it will reach the lofty $600 million goal in two months. These three projects are now big topics of discussion as people decide where to invest next. TRON (TRX) Price Climbs with Token Reductions TRON’s price is picking up as it keeps cutting down its token supply, having recently destroyed over 10 million tokens. This reduction took the total from 88.97 billion to 86.56 billion TRX, shrinking the supply by about 2.93% each year. TRX is now at $0.163, up 4% on the last day. Although market signals like the Ichimoku Cloud give a hopeful outlook, its price is still quite changeable. The Directional Movement Index (DMI) shows fair strength, and exponential moving averages overall suggest a bullish trend. Polkadot Could Surge Past $4.27 Resistance Predictions for Polkadot suggest it’s ready to break past a tough resistance level at $4.27. Currently, at $4.25, Polkadot’s Relative Strength Index (RSI) hints at a balance, pointing to a likely rise. The RSI has just gone above the signal line, a positive sign, and the price has reached the 50-day Simple Moving Average (SMA), boosting confidence for a potential increase. With derivative traders showing more interest and trading volumes up by over 20%, the altcoin seems ready to exceed the resistance, aiming for a higher target of $4.64. BlockDAG’s Presale Zooms Toward $600M Goal BlockDAG’s presale is nearly hitting the $100 million mark, with over $99 million raised and more than 14.3 billion coins already in the hands of buyers. With the current price of coins at $0.0206, early participants have seen a whopping 1960% return, making BlockDAG a standout in the crypto market. This strong sales pace shows BlockDAG’s impressive run during the presale and its potential to reach the $600 million target. Experts believe the goal could be met in just two months. This swift success has grabbed the attention of crypto fans, who are rushing to buy BDAG coins before the price goes up. The nearing completion of the Mainnet and the project’s focus on its community have sparked widespread interest. Also, many think that the presale’s progress could lead to even bigger achievements. BlockDAG’s growth highlights its solid foundation, scalable technology, and secure environment, all key for expanding crypto use. As more people want BDAG coins, the chance for significant profits, particularly for early buyers, becomes clearer. Currently in its 24th batch of sales, and with $100 million almost reached, BlockDAG is on its way to becoming one of the most triumphant crypto initiatives lately. Which Crypto Should Traders Pick? This week is buzzing with action — TRON (TRX) prices are climbing, Polkadot is on the verge of a major surge, and BlockDAG’s presale is pushing aggressively toward the $600 million mark. Yet, BlockDAG is capturing all eyes with its presale surpassing $99 million and showing massive potential for growth. BlockDAG has made a name for itself as a major force in the blockchain arena. BlockDAG’s ongoing success hints at thrilling times ahead for early supporters and the wider crypto community, which is now starting to recognize the potential of this rising altcoin. 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.

With the cryptocurrency market poised for a potential upswing, attention turns to promising digital assets that could lead the charge. Avalanche, Chainlink, and Cybro are gaining momentum and sparking interest among investors. Delving into their unique features and prospects may uncover why these tokens stand out in the crowded crypto arena. CYBRO Presale Soars Past $3 Million: A One-in-a-Million NeoBank Investment Opportunity CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $3 million. This cutting-edge NeoBank offers investors unparalleled opportunities to maximize their earnings in any market condition. Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.03 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest. In addition to tokens, CYBRO introduces special Points, offering even more opportunities for investors. Holders of these Points will automatically participate in the CYBRO Airdrop, where the more Points you hold, the more tokens you will receive. CYBRO distributes up to 1 million Points weekly, which can be earned by investing in DeFi Vaults in the CYBRO app. Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform. With only 21% of the total tokens available for this presale and approximately 80 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million. >>>Join CYBRO and aim for future returns up to 1200%<<< Chainlink: Bridging Blockchain and Real-World Data Chainlink is a decentralized oracle network. It connects smart contracts with external data sources, APIs, and systems. This allows smart contracts to access real-world data securely. Chainlink ensures data accuracy using a reputation score for its oracles. It operates through a three-step process: oracles retrieve data, aggregate it for accuracy, and deliver it securely to smart contracts. The network uses both on-chain and off-chain components for efficient data handling. The LINK token plays a key role in this system. It rewards node operators for providing data, supports staking to secure the network, and serves as payment for data services. This helps keep the system reliable and decentralized. Avalanche (AVAX): High-Throughput Blockchain with Subnet Functionality Avalanche (AVAX) is a Layer-1 blockchain known for its low fees and fast transactions. It can process up to 4,500 transactions per second. Users can launch customizable Subnets on the platform. Avalanche uses a hybrid consensus mechanism combining classical and Nakamoto principles. Transactions reach finality in less than 2 seconds. The platform has three interoperable chains: X-Chain, C-Chain, and P-Chain. These chains handle transactions and smart contract executions. AVAX is the native token of Avalanche. It is used for transaction fees, staking for network security, and operating Subnets. AVAX has strong utility in payments, staking, and enabling the creation of custom tokens and blockchains. Conclusion In conclusion, while Chainlink (LINK) and Avalanche (AVAX) may offer limited short-term potential, CYBRO emerges as a standout opportunity in the current bull market. As a cutting-edge DeFi platform, CYBRO enables investors to enhance their earnings through AI-driven yield aggregation on the Blast blockchain. With benefits such as attractive staking rewards, exclusive airdrops, and cashback on purchases, CYBRO delivers a superior user experience with effortless deposits and withdrawals. Prioritizing transparency, regulatory compliance, and excellence, CYBRO distinguishes itself as a promising project attracting significant attention from major crypto investors and influencers. Site: https://cybro.io Twitter: https://twitter.com/Cybro_io Discord: https://discord.gg/xFMGDQPhrB Telegram: https://t.me/cybro_io 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.

ApeCoin (APE) has seen its price jump by over 100% today, driven largely by the rollout of advanced technologies and newly implemented incentive programs. These initiatives are designed to boost user participation and broaden the token’s utility across multiple networks, fueling the recent surge in value. Layer Zero Integration And Interoperability The Layer Zero’s Omnichain Fungible Token (OFT) standard has now been integrated with ApeCoin through the latest update to its smart contract. This version greatly enhances ApeCoin’s capabilities, enabling it to be more than just a utility token and a governance token but also it is now the native gas token on its own blockchain, ApeChain. That way, it brings the integration of ApeCoin as a foundational part of the Yuga Labs ecosystem. Another major feature of this token is Layer Zero integration, which smoothes transfers of APE across multiple blockchains—ApeChain, Ethereum, and Arbitrum. This was a much-needed improvement in the token with regards to setting a new benchmark of token interoperability and increasing users’ appeal towards developers, while its excellent development process also smoothens asset transfer between networks. Native Yield Mechanism And Market Response A further aspect responsible for the recent increase in price of ApeCoin involves the implementation of a Native Yield mechanism co-developed with Decent.xyz. This means that the holders of ApeCoin receive a passive income on their holdings through this, without requiring any input from the user. The yields are credited to wallets at the end of each block with no hassle, thus leaving a highly rewarding proposition for the token holder. The updates had received wide welcome in the market, as ApeCoin traded at over 6,400% and broke out to approximately $1.84 billion in its trading volume, as the market capitalization of ApeCoin has also broken into more than $1 billion, increasing by 100% in just one 24-hour cycle. Greater Liquidity And Future Prospects Today, the cross-chain bridges support APE, ETH, and stablecoins transfer between the chains. This has made the network sustain relatively high liquidity, attracted investor attention and developer involvement. It has made transfer operations within the network smoother and more efficient. Since the upgrade, ApeChain’s performance has been impressive, with over $25 million in trading volume generated in just 12 hours. The creation of 148 liquidity pools and more than 62,000 transactions highlights strong user activity and growing interest in the platform. The core user incentive program of ApeCoin will be launched in the near future, so it will gain more value and increase demand in the market. Some details about the program are yet to be disclosed, however, the market is already on tenterhooks for it. At the moment, ApeCoin is trading at $1.58 and, during the last 24 hours, it increased by about 109%. Despite the great momentum and rising utility, prospects for the growth of ApeCoin in the decentralized environment seem pretty good. Featured image from Techopedia, chart from TradingView

An important announcement has set the stage for a possible rise in Solana’s value. Meanwhile, Cybro and Toncoin are also positioned for growth. This development has caught the attention of investors and enthusiasts alike. Discover what is driving these expectations and what it could mean for the crypto market. CYBRO Presale Exceeds $3 Million: A One-in-a-Million Next GEN DeFi Investment Opportunity CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $3 million. This next-generation DeFi platform offers investors unparalleled opportunities to maximize their earnings in any market condition. Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.03 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest. In another exciting update, CYBRO has introduced a referral program. It offers 12% commissions from direct referees’ token purchases, 3% from second-level referees, and 2% from third-level referees. Rewards are distributed weekly in USDT, and referees receive double CYBRO Points on their first deposit using the referral code. In addition to its token offering, CYBRO has introduced a Points system, further enhancing investor incentives. Holders of these Points will automatically qualify for participation in the CYBRO Airdrop, with token distribution tied directly to the number of Points held. The platform allocates up to 1 million Points on a weekly basis, which investors can accrue through positions in CYBRO’s DeFi Vaults. Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform. With only 21% of the total tokens available for this presale and approximately 64 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million. >>>Join CYBRO and aim for future returns up to 1200%<<< Solana Shows Upward Momentum; Eyes Resistance at $162.09 Solana (SOL) is trading between $138.03 and $154.93, gaining 10.02% in the past week and 16.12% over the past month. The price is approaching the nearest resistance level at $162.09. A move above this could see SOL targeting the second resistance at $179.00, suggesting potential upside of around 16%. The RSI stands at 52.36, indicating neutral momentum, while the MACD level of 0.25 points to slight bullishness. The price is near both the 10-day and 100-day simple moving averages at $153.22 and $153.91, signaling consolidation. If the price drops, support levels are at $128.27 and $111.36. Toncoin Nears Resistance at $5.58 Amid Bullish Signals Toncoin is trading between $4.99 and $5.39, showing a 1.81% increase over the past week. The price is approaching the resistance level at $5.58. Technical indicators like the Relative Strength Index at 58.88 and a MACD level of 0.007 suggest bullish momentum. However, the Stochastic oscillator at 81.74 indicates overbought conditions, which might lead to a short-term pullback. If Toncoin breaks above $5.58, it could target the next resistance at $5.98, offering potential gains. Failing to break resistance might see the price testing support at $4.80. The coin is near its 10-day and 100-day moving averages, reflecting its recent stability. Overall, Toncoin shows signs of possible growth but faces key resistance ahead. Conclusion Solana (SOL) is expected to experience growth following recent developments, and Toncoin (TON) also shows potential for gains. However, the standout opportunity lies with CYBRO. As a technologically advanced DeFi platform, CYBRO offers investors exceptional opportunities to enhance their earnings through AI-powered yield aggregation on the Blast blockchain. With features such as attractive staking rewards, exclusive airdrops, and cashback on purchases, CYBRO provides a superior user experience with smooth deposits and withdrawals. Focusing on transparency, compliance, and quality, CYBRO emerges as a promising project attracting significant interest from major crypto investors and influencers. Site: https://cybro.io Twitter: https://twitter.com/Cybro_io Discord: https://discord.gg/xFMGDQPhrB Telegram: https://t.me/cybro_io 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.

On-chain data shows the Bitcoin miners have been making an unusually high number of transactions to centralized exchanges recently. Bitcoin Miner To Exchange Transactions Metric Has Just Seen A Spike As pointed out by CryptoQuant author IT Tech in a new post on X, the Miner to Exchange Transactions indicator has been high recently. The “Miner to Exchange Transactions” keeps track of the total number of transfers that the miner-associated Bitcoin wallets are making to addresses connected with exchanges. When the value of this metric is high, it means the miners are making a large amount of moves to these platforms. As one of the main reasons why these chain validators would deposit to exchanges is for selling-related purposes, this kind of trend can have a bearish effect on the BTC price. On the other hand, the indicator being low implies miners aren’t making inflows to exchanges, potentially because they plan to hold onto their coins for a while. Naturally, this HODLing from this cohort can be a positive sign for the asset. Now, here is a chart that shows the trend in the Bitcoin Miner to Exchange Transactions over the last few days: As displayed in the above graph, the Bitcoin Miner to Exchange Transactions has registered a large spike during the past day, suggesting that the miners have just made a large number of moves to these platforms. It’s possible that this is an indication of a selloff from these chain validators, but whether this potential selling would actually affect the cryptocurrency depends on the exact scale of coins that’s involved in the transactions. The analyst has also shared the data of an indicator that provides information related to it, called the Miner to Exchange Flow: From the chart, it’s visible that this metric’s value has also shot up alongside the spike in the Miner to Exchange Transactions. At its height, the metric touched 225 BTC, which is equivalent to a little under $15.4 million at the current price. This isn’t a small sum in itself, but when considering the scale of the total Bitcoin market cap, these exchange inflows hardly weigh to much. Thus, even if the miners plan to sell these coins, the market should be able to absorb the pressure just fine. Miners are entities that have constant running costs in the form of electricity bills, so they tend to be regular sellers. Most of the time, their selling remains limited, which would make the recent value of the Miner to Exchange Flow in line with the norm. The number of individual transfers to exchanges that the miners have made, however, is certainly unusual, so these indicators could be to keep an eye on in the coming days, in case more spikes pop up. BTC Price Bitcoin had surpassed the $69,000 level on Sunday, but the asset appears to have dropped back to $68,200 today.

DeltaPrime, a leading DeFi prime brokerage, has unveiled a robust reimbursement plan following the recent security breach on September 16th. This resulted in a loss of $5.98 million on the Deltaprime Blue (Arbitrum) protocol. DeltaPrime committed to fully compensate all affected users through a combination of strategic measures and community-focused initiatives. In response to the incident, DeltaPrime has implemented a comprehensive reimbursement strategy that prioritises user recovery and long-term protocol stability. Key components of the plan include: Reimbursement Tokens (rTKNs): All affected users will receive rTKNs, representing $1 of future revenue until full reimbursement is achieved. These tokens are fungible and can be exchanged for their dollar equivalent over time as DeltaPrime generates revenue. Compensation: The rTKNs received by any user equates to 1.4 times their damage in the attack. Stability Pool Allocation: The Stability Pool will contribute $1.33 million towards reimbursements, reducing the total impact to $4.65 million. This pool has been built through platform revenue and liquidation fees. Founders’ Contribution: In an unprecedented move, DeltaPrime’s founders have committed 33% of their team allocation of PRIME tokens for sale at a discounted rate to affected users. 100% of the dollars raised will be donated in an effort to make every affected user whole as fast as possible. Incentives for Continued Participation: Users who maintain their savings within the protocol will benefit from accelerated reimbursement rates, receiving repayments twice as fast compared to those who withdraw entirely. This approach encourages sustained engagement, supports the protocol’s recovery and growth and, in turn, leads to faster reimbursement for all affected parties. The PRIME tokens offered by the founders present a unique opportunity due to their heavily discounted price and non-inflationary mechanics. This initiative aligns with DeltaPrime’s commitment to maintaining token value while enhancing decentralisation. Why Full Repayment is Anticipated DeltaPrime’s confidence in achieving full repayment is grounded in its historical performance and robust financial health. Over its one-and-a-half years of operation, DeltaPrime has consistently demonstrated strong growth, with an average of $44 million in user deposits over 2024, and an average of $64 million over the 30 days prior to the atack. The protocol generated $2.7 million in revenue over 2024 (3.6 million annualised), showcasing its ability to generate substantial income even amid challenges within a sustained bear market. These financial metrics underpin DeltaPrime’s capability to fulfill its reimbursement commitments while continuing to innovate and expand. Enhanced Security Measures In light of the recent breach, DeltaPrime has redoubled its efforts to enhance both protocol and operational security. To reduce smart contract risk, the protocol currently is undergoing its 8th audit with renowned security provider BlockSec. Additionally, DeltaPrime has implemented rigorous operational security protocols, including comprehensive internal security workshops, a replacement of all physical devices through a reputable supply chain and enhanced monitoring systems for real-time threat detection. These measures are designed to safeguard user assets and rebuild trust within the community. DeltaPrime remains dedicated to rebuilding trust with its community through transparent communication and decisive action. The protocol’s ongoing security enhancements and strategic partnerships underscore its commitment to user fund safety and operational integrity. Detailed information about the reimbursement plan is available on DeltaPrime and any questions can be asked directly by joining the conversation on Discord. 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.

Chromia, a Layer-1 relational blockchain platform, has announced a strategic investment and technical collaboration with Chasm Network, a market leader in decentralized artificial intelligence. The need for accountability and transparency in these systems has increased as AI is incorporated more and more into daily tasks. In order to address these issues, Chasm Network is developing decentralized AI models that let people see and validate the decision-making processes. On Thursday, October 24, Chasm Network’s native token, Chasm AI ($CAI), is scheduled to debut on Mantle, an Ethereum Layer-2 rollup. Chromia will act as a decentralized database layer to hold vital AI inference data, while Mantle will provide the core infrastructure for Chasm. Chasm opML Database, a decentralized application based on Chromia, is in charge of managing the tasky. On Chromia’s mainnet, the initial version has already been created and deployed. The program ensures the verifiability of sources used in AI decision-making processes by producing transparent and immutable records. The Scout Layer and Weave are the two main components of Chasm Network, an AI economy platform created to speed up the creation of AI applications. With an orchestrator that employs a mixture-of-models strategy to intelligently route user requests, the Scout Layer is a decentralized system in which node operators compete to choose the best AI models and computational resources. This makes it easier for developers to leverage AI capabilities while maintaining a balance between cost-effectiveness and performance. Chasm Network promotes innovation in the AI ecosystem by bridging the gap between the promise of AI and real-world applications. KC Thee, co-founder of Chasm stated: The way Chromia functions as a utility layer for ongoing EVM-based projects is shown via Chasm’s integration with Chromia. This collaboration demonstrates Chromia’s ability to work with data-intensive projects across the cryptocurrency ecosystem, improving safe and effective data management for intricate use cases, such as decentralized artificial intelligence. Dedicated Dapp chains, customizable fee structures, and improved digital assets are just a few of the features that Chromia, a Layer-1 relational blockchain platform, offers developers and consumers via its modular architecture. Chromia challenges the existing quo to bring breakthroughs that will simplify the end-user experience and enable new Web3 business models by radically altering the way information is organized on the blockchain and offering natively queryable data that is indexed in real-time. Yeou Jie, Chromia’s Head of Business Development stated: In the future, the projects will keep collaborating to improve the current application while looking into new areas for improvement. While Chromia continues to grow its mainnet ecosystem with its newly established Data and AI Ecosystem Fund, Chasm Network is getting ready to debut its native token.

Solana trades at $166, after gaining over 4.87% over the last 24 hours. The market witnessed SOL’s 24-hour liquidation of $11.28 million. The cryptocurrency market has been through bullish turns, with the market cap reaching $2.36 trillion. Major assets are striving to recover in the second half of October. In particular, Solana (SOL), the fifth-largest cryptocurrency, has drawn out its gains by 4.87%. SOL chose a bullish rally for the day, breaking the nearby resistance levels. Notably, Solana opened the trading day within the $159 range, and eventually the altcoin managed to hit a high of $171.43. At press time, SOL is trading at $166.64 with its daily trading volume increased by over 114%, standing at around $3.70 billion, according to CMC data. SOL has shown a positive outlook in the last seven days, with an over 8.95% gain. At the beginning of the week, the altcoin was trading at $152. The token’s price severely fluctuated and reached the $157 mark. On the other hand, a whale has sold 22,726 SOL worth $3.86 million at a price peak. This whale is particularly known for buying Solana at low prices and selling it at its peak price. Despite the recent sale, the whale currently holds a 20K SOL value at $3.33 million. Will Solana Sustain at the Current Level? The four-hour technical chart of SOL suggests the asset is likely to step into the overbought zone in the market, as the daily relative strength index (RSI) sits at 69.45. In addition, the short-term 9-day moving average standing above the long-term 21-day moving average, suggests the current positive momentum. SOL chart (Source: TradingView) Looking ahead, Solana’s Moving Average Convergence Divergence (MACD) line is currently positioned above the signal line, highlighting the upward momentum. As per the daily price chart, SOL could test the nearby support at $159 and the price might further dip to a low of $153 mark. These levels play a crucial role in securing its price. If the bullish momentum persists and it gains strength, SOL could bounce up to the $171 level. The next target might be $176. This momentum would confirm the prolonged bullish sentiment. Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing. Highlighted Crypto News Elon Musk Did Mention XRP But Did Not Endorse

Minneapolis Fed suggests banning or taxing Bitcoin to maintain deficits. Bitcoin is labeled as a “private-sector security” without real claims. The Federal Reserve Bank of Minneapolis has recently proposed that governments should ban or tax Bitcoin. This recommendation aims to help maintain permanent budget deficits. In a working paper published on October 17, the Minneapolis Fed highlighted that Bitcoin complicates fiscal policy. Specifically, the Fed argues that Bitcoin creates a “balanced budget trap.” This term refers to a situation where the government must balance its budget, which poses a challenge for those seeking to maintain fiscal deficits. According to the paper, Bitcoin is categorized as a “private-sector security” lacking real resource claims. The researchers assert that the cryptocurrency’s fixed supply disrupts the government’s ability to manage spending effectively. They suggest that a legal prohibition or a tax on Bitcoin would help restore the implementation of permanent primary deficits. In simpler terms, banning or taxing Bitcoin could provide a solution to ensure that governments can continue spending more than they collect. Reactions to the Fed’s Bitcoin Stance A primary deficit occurs when government expenditures exceed tax revenues, excluding interest payments on existing debt. The notion of a “permanent” primary deficit indicates a government’s intention to maintain this spending pattern indefinitely. Currently, the United States has accumulated a national debt of $35.7 trillion, with a primary deficit of about $1.8 trillion. Critics have responded to the Minneapolis Fed’s stance. Matthew Sigel, head of digital asset research at VanEck, views the paper as an attack on Bitcoin. He stated that the Fed fantasizes about legal prohibitions and taxes on Bitcoin. Additionally, Messari co-founder Dan McArdle highlighted a 1996 Minneapolis Fed paper that recognized the characteristics of Bitcoin long before its creation. This earlier paper described money as an object that does not enter production and is available in fixed supply. The Minneapolis Fed’s proposal echoes recent criticisms from the European Central Bank (ECB). The ECB has also called for regulating or banning Bitcoin, arguing that long-term holders profit at the expense of new investors. As debates around Bitcoin continue, the implications for fiscal policy and monetary systems remain significant. Highlighted Crypto News Today Vitalik’s Solutions for Ethereum’s Staking and Block Issues

The XRP price is currently trading at $0.554, having increased by 3% in the past 24 hours. However, XRP largely remains in the red in a 30-day timeframe, having broken below the $0.6 threshold earlier in the month. At the time of writing, XRP is down by 5.3% in the past 30 days. According to CoinCodex, a machine learning algorithm, XRP should continue on a bullish trajectory this week. According to its latest forecast, XRP is on track for upward momentum this week and will maintain its strength throughout the week, with the price expected to surpass the $0.60 mark. CoinCodex Forecast: XRP Price Set For A Rally This Week CoinCodex’s machine learning algorithm paints a bullish picture for the XRP price journey this week. Its Fear & Greed Index, a popular tool that measures investor sentiment, currently reads 72 for XRP, indicating a state of “greed.” Furthermore, the sentiment has now flipped to neutral after spending earlier days in the bearish zone. According to CoinCodex’s algorithm, XRP’s technical indicators further back up the bullish case. Out of 29 key indicators used in the analysis, 20 are flashing bullish signals, while only nine are giving bearish signals. This overwhelming tilt towards positive momentum points to growing market confidence in XRP’s short-term prospects. Given these indicators, the algorithm predicts that XRP is primed to break above the $0.60 threshold again this week. More notably, CoinCodex anticipates that XRP could achieve double-digit gains by the end of the week. The algorithm sets a target for XRP to close the week at $0.635269, which represents a significant 16% increase from its current price levels. Such an outcome would mark a major milestone for XRP, as it would be the first time in quite some time that the cryptocurrency posts double-digit gains on a weekly timeframe. What To Expect For XRP This Week If the XRP price movement plays out as predicted, it could signal the beginning of an extended bullish trend for the cryptocurrency as momentum builds up and investors pile in. The combination of positive technical indicators and strong market sentiment makes this week a crucial period for XRP, as it suggests that the asset is positioned for further gains. According to CoinCodex’s analysis, XRP has support levels at $0.540343, $0.534077, and a stronger foundation at $0.530528. On the resistance side, key levels to watch include $0.550157, $0.553706, and $0.559972, which could present challenges on its upward path. The key XRP price target to watch will be the $0.60 level. If breached, the momentum could pave the way for XRP to test the projected $0.643268 mark by the end of the week.

Buterin advocates for a “futures-style” reward system to promote fairness among validators. Dynamic block sizes could optimize transaction processing based on network demand. Vitalik Buterin recently addressed significant issues facing Ethereum’s staking and block production mechanisms. He emphasized the urgent need for innovative solutions to enhance the network’s performance. Firstly, Buterin noted the disparity in staking rewards among validators. Currently, some validators earn substantially more than others, leading to centralization. To counter this, he suggested adopting a “futures-style” reward system. This system would reward validators based on the amount of ETH staked and their performance. As a result, it could promote fairness and encourage more participation. Moreover, Vitalik highlighted the problem of block production delays. These delays can hinder transactions and impact user experience. To resolve this, he proposed implementing more efficient algorithms. For example, adopting “longer blocks” can help to reduce the frequency of block creation. This change could improve the network’s throughput and decrease congestion. Additionally, he mentioned the potential of sharding. Sharding can enhance scalability by distributing data across multiple chains, allowing for faster transaction processing. Vitalik also introduced the concept of “dynamic block sizes.” This mechanism would adjust block sizes based on network demand. If the network experiences high traffic, blocks can grow larger to accommodate more transactions. Conversely, smaller blocks could be used during low-traffic periods. This adaptability could optimize resource use and maintain a smooth user experience. Decentralization and User Experience Furthermore, Buterin discussed the importance of enhancing decentralization. He warned against the risks of a small group of validators gaining excessive control. To address this, he recommended increasing the number of validators. Additionally, Vitalik suggested incentivizing smaller validators. This move would help to create a more decentralized network, ensuring that no single entity can dominate. Transitioning to user experience, Vitalik emphasized the need for simpler interfaces. He noted that complex staking mechanisms can deter new users. By streamlining the process, Ethereum can attract more participants. Thus, improving user experience is critical for the platform’s growth. In addition, Vitalik proposed the use of enhanced cryptographic techniques. These techniques could improve security while maintaining the network’s performance. By integrating zero-knowledge proofs, Ethereum can ensure transaction validity without revealing sensitive information. This innovation could bolster user trust while facilitating more efficient transactions. Vitalik’s proposals aim to create a more robust and user-friendly Ethereum. He believes that implementing these changes will enhance the overall network performance. Additionally, these strategies could boost user trust and engagement. Highlighted Crypto News Today Elon Musk Did Mention XRP But Did Not Endorse

Several investing strategies have emerged as Bitcoin and crypto continue to grow in value and expand their use cases. For many, the investing thesis focuses on Bitcoin and Ethereum, two of the biggest cryptos by market cap. Others value finding the next ‘meme coin’ ready for a bull run. But perhaps their most enduring strategy is to buy and hold, or ‘HODL.’ The investing thesis is straightforward—just buy and hold Bitcoin and wait for the crypto to appreciate. According to Glassnode, an on-chain analytics firm, Bitcoin has more holders than ever. The firm adds that Bitcoin’s illiquid supply has gradually increased in recent months, suggesting that more users are holding BTC than selling or trading it in the market. Metrics Suggest An Increasing Number Of BTC Holders Market data and holding signals suggest a growing number of investors, suggesting a bullish sentiment on the cryptocurrency. According to Crypto Banter, BTC’s stored supply has gradually increased over the past months. The website adds that this trend gives a ‘HODLING vibes,’ suggesting that a market rally is on the horizon. Glassnode data agrees, suggesting an increasing trend for stored supply and a declining trend for active supply. The firm’s stored supply metrics include long-term holder supply, BTC HODLed or missing coins, and the coin’s illiquid supply. On the other hand, exchange balances and short-term coin supply are considered active supply metrics. Exchanges Report Declining Reserves There has been a gradual but steady reduction in Bitcoin’s supply, confirming many analytics firms’ thesis. The decrease in highly liquid and liquid BTC supply started in 2024. According to Glassnode, the number of Bitcoin or lost BTCs has dipped compared to data at the start of the year. CryptoQuant adds that centralized exchange BTC reserves are falling. At 2.64 million BTC, exchanges keep the coin around its all-time low, after a November 2023 decline. Exchange reserves typically indicate selling pressure, lowering prices. According to CryptoQuant and Glassnode, investors now prefer to buy and hold rather than trade. Institutional Investors Helping Prop Up Bitcoin Financial institutions and other big-time investors are growingly interested in the rising number of holders. A September River Financial research indicates that BTC use increased by 30% in one year and a stunning 587% since 2020. Based on the same analysis, institutional investors currently own about 8% of all Bitcoin available. Many investors now see Bitcoin as a better hedge against inflation and a way to diversify assets. River Financial adds that US companies now boast over 49% in BTC holdings, valued at $19.7 billion. The increasing demand for ETFs also drives Bitcoin’s growing popularity. The current cumulative value of BTC assets stands at $66.11 billion. Featured image from Milk Road, chart from TradingView

CoinSwitch CEO has alleged WazirX of moving user funds to other exchanges after the hack. WazirX recently released wallet addresses data as part of its affidavit with the Singapore High Court. After nearly two months of the WazirX hack, there has been no sign of fund recovery yet. Meanwhile, the Indian crypto exchange, CoinSwitch, which recently sued WazirX, has released information related to the WazirX hack. On the other hand, other leading exchanges also witnessed hacks in recent weeks. Notably, CoinSwitch CEO, Ashish Singhal discussed on his X account the WazirX wallet addresses released recently. The hacked crypto exchange released the addresses as part of its moratorium application in the Singapore High Court. The CEO stated that these addresses are difficult to navigate and understand the situation. Singhal further pointed to WazirX’s lack of action and delved into reasons why they had to sue the exchange. Additionally, the CoinSwitch team, in an attempt to fathom the information provided by WazirX has built a dashboard that would monitor and identify fund movement between these addresses. According to CoinSwitch’s dashboard, the WazirX platform holds an on-chain balance of $157.96 million. The CEO stated that on analyzing the data, they found that huge amounts of WazirX funds have been moved to exchanges, Bybit and KuCoin. He mentioned that $72.13 million funds were moved to Bybit, while KuCoin received $1.5 million funds. These aspects are yet to be confirmed by other authorities and on-chain investigators. Why Did CoinSwitch Sue WazirX? Towards the end of July, CoinSwitch announced taking legal action against WazirX for preventing CoinSwitch from recovering their users’ funds from the hacked platform. This caused the crypto exchange to compensate user funds using their own treasury. The hacked exchange’s lack of action was also another crucial cause for CoinSwitch’s legal battle. In the recent post, Ashish Singhal stated that the dashboard is made publicly available to help investors fathom the situation. Moreover, he also said that since the situation is still “evolving” complete data cannot be expected right away. Meanwhile, WazirX has not announced any other update on the hack or fund recovery in the past few weeks. Highlighted Crypto News Today: Bridge Acquired by Stripe in Historic $1.1 Billion Crypto Deal

Elon Musk acknowledged XRP for the first time. Musk’s opinion is not an endorsement or a lack of endorsement for XRP. Elon Musk has made headlines in the crypto industry by mentioning particular crypto assets. Recently, he has mentioned XRP, making an impact across the market. Notably, Musk has been actively campaigning for Donald Trump in recent weeks and discussed various topics such as the economy, politics, and cryptocurrency. Musk mentioned XRP during a discussion about digital assets and blockchain technology. Elon was asked to comment on whether he thinks XRP could be integrated into the global financial system in the future. He responded without specifying XRP that cryptocurrency is an interesting and probably valuable bulwark against centralized control. However, Elon Musk clarified that his comment does not imply support or opposition towards XRP. He emphasized that cryptocurrencies like XRP promote individual freedom. Musk’s interference in the crypto industry has previously led to significant price movements. While Elon Musk did not endorse or criticize XRP, the indirect mention has fueled optimism among XRP investors amid the ongoing regulatory challenges with the Ripple Labs and SEC. On the other side, widespread speculation about whether his mention of XRP could boost its price and adoption is a concern among the community. Notably, over the last 24 hours, XRP has gained over 2.50%, and trades at $0.5529, with its daily trading volume increasing by 81% to $1 billion, as per CMC data. Furthermore, Santiment reveals that the number of active wallets on the XRP Ledger has increased, reaching 35,799 unique wallets making at least one transaction a day. Highlighted Crypto News Will Dogecoin (DOGE) Pass the $0.15 Resistance Test?

After September closed on a high, Ripple (XRP) has struggled to keep its pace and has shown a clear dip of 8% in October. This loss resulted from a fresh twist in XRP’s legal fight with the U.S. Securities and Exchange Commission (SEC). Meanwhile, technical indicators show great volatility and a likely slide to $0.20, especially if XRP can’t maintain a critical support level, despite the generally positive market sentiment, and here’s the reason for this. Ripple Price Prediction (XRP): A Surge Toward $0.68 or A dip Below $0.20? In its continuous legal conflict with Ripple (XRP), the SEC has now submitted an appeal. The mixed market attitude resulting from the approaching review of the verdict has caused growing price volatility. XRP has failed to keep momentum as if it dropped from its September high of $0.61 to about $0.54, an over 11% dip. Despite this, the community sentiment remains hopeful. This positive sentiment stems from the belief that Ripple’s legal team might introduce a new defense strategy to salvage the situation. Perhaps this prospect has been the reason behind the massive accumulation of XRP whales. According to Santiment, addresses holding 100 million to 1 billion XRP are aggressively accumulating XRP, probably to take advantage of the low price. These large holders had a total of 9.63 billion tokens on October 17. That figure quickly skyrocketed to 9.77 billion within two days. With whales’ action fueling confidence, XRP could surge to $0.55. However, technical indicators are giving mixed signals. Currently, the XRP RSI is at 48.60, which is neutral but too close for comfort. If the bears prevail, it will go below 45. The 50-day EMA is at $0.5440, a crucial point for Ripple that can lead to a short-term consolidation. If XRP breaks above $0.5630, there’s bound to be a bullish reversal. However, if XRP fails to do this, below $0.5417 could be more selling. With more sales, the price could succumb to trading below the $0.50 support level. Should the bears be in charge for too long, XRP might fall toward the $0.20. A crucial support for Ripple is the upcoming launch of its stablecoin, Ripple USD (RLUSD), a token that’s supposed to increase Ripple’s usability in the crypto space. It has raised excitement and could help Ripple sustain optimism. Ripple investors are growing bullish. Experts predict that the introduction of the RLUSD, if successful, may drive XRP to a three-year high of $1.Investors should, however, closely monitor both technical indicators and legal updates since XRP’s future direction may depend critically on the next few weeks. Rexas Finance (RXS) Pioneers Real-world Asset Meanwhile, Rexas Finance offers a stable platform for investors. Transforming traditional real-world assets (RWAs), Rexas Finance offers a platform for tokenizing assets like real estate and commodities through Blockchain technology, providing fractional ownership of these assets. The RWA market, valued at over $400 trillion, offers a lot of opportunities for investors and solid backing for Rexas Finance. Since being listed on CoinMarketCap, Rexas Finance has been recording high sales numbers in its presale stage 4. Over 86 million of its tokens have been sold, representing over 78%. It has also raised an impressive $4 million, less than two million shy of its targeted $5.45 million. Rexas Finance stage 4 is selling at $0.60, about a 1900% increase from its initial presale price of $0.003. Stage 5 will sell at $0.07. Rexas Finance’s tokenomics reflects a community-focused approach. It not only employed public presales to include its community but also dedicated 4% of its tokens to giveaways and partnerships. This structure incentivizes early investors, and so far, investors have raked in incredible gains as the RXS price keeps snowballing. Rexas Finance’s undeniably impressive platform has attracted investors and enthusiasts alike and strengthened its growing community. Several features in the Rexas ecosystem act as tools for innovation. The Rexas Token Builder is an intuitive tool for tokenization, Rexas AI Shield provides robust transaction security, and Rexas Launchpad offers an excellent platform for fundraising. These tools collectively make Rexas Finance a comprehensive solution for anyone looking to invest in RWAs efficiently. As Rexas Finance builds its identity as a pioneer in the RWA tokenization space, expectations are high for its continued growth and price appreciation. Once RXS debuts at $0.20, analysts predict that its value will witness a remarkable increase. Conclusion Ripple (XRP) has maintained a positive outlook despite legal challenges. However, with uncertainties increasing, selling pressure may force the price to collapse to $0.20. Rexas Finance (XRP), a pioneer in Real World Assets (RWAs) tokenization, presents an exciting opportunity for investors looking to buy into the lucrative RWA industry. With promises for substantial gains, Rexas Finance remains an attractive chance in 2024. 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.

In an analysis shared on X, crypto analyst Patric H. from CryptelligenceX outlines seven reasons why investors should be bullish about the Bitcoin price trajectory this week. “How can anyone be bearish here?! BTC broke the weekly downtrend, closing above key levels, and some people still call for sub-$40k?! Sorry, bears, you clearly missed the fundamental changes of the past two weeks,” he states. #1 Mt. Gox Bitcoin Repayment Deadline Extension The defunct exchange Mt. Gox has filed for a change in its repayment deadline, which has been approved by the court. The new deadline to refund the remaining creditors is now set for October 31, 2025, a full year later than the previously scheduled October 2024. This extension removes the immediate market selling pressure of approximately 44,905 BTC (around $2.9 billion), which was anticipated to flood the market. #2 China’s Economic Stimulus China is set to issue $325 billion in bonds to stimulate its economy. Concurrently, crypto exchange OKX has launched a fully licensed trading platform in the United Arab Emirates (UAE), offering a legal avenue for Chinese investors to engage in cryptocurrency trading under UAE jurisdiction. Patric H. predicts, “Chinese money is gonna enter crypto in Q4.” #3 Declining Bitcoin Exchange Reserves Bitcoin exchange reserves continue to dwindle as institutional investors and whales accumulate the cryptocurrency at unprecedented rates. This trend indicates a supply shortage on exchanges, which, coupled with increasing demand, could lead to a supply shock. “Eventually, this will cause a supply shock, leading to higher prices in due time,” notes the analyst. #4 Surge In Bitcoin Whale Accumulation On-chain data reveals that new Bitcoin whales are accumulating assets like never before. Ki Young Ju, CEO and founder of CryptoQuant recently, commented, “The current market volatility is just a game in the futures market. Real whales move the market through spot trading and OTC markets. That’s why on-chain data is crucial.” He added that these new whales are unlikely to sell until substantial liquidity from retail investors enters the market. “Look at how fiercely the new whales are stacking Bitcoin; this market has never seen such accumulation,” he emphasized. Notably, the lack of correlation with the US spot ETF inflows suggests that these could be strategic institutional accumulations. #5 Trump Is Leading The Polls Political forecasts indicate that former US President Donald Trump is gaining favor in swing states ahead of the upcoming elections. According to Polymarket’s latest data, Trump is projected to win all seven key swing states. Patric H. reminds readers, “Trump is pro-crypto; Elon Musk will lead a Department of Government Efficiency (DOGE).” #6 S&P 500 As Trailblazer The S&P 500 index is trading at an all-time high, historically signaling positive momentum for Bitcoin and crypto. “There has not been a time in history when Bitcoin and the altcoins market did not catch up to the performance of the S&P 500,” Patric H. points out, dismissing skepticism with, “But ‘this time is different’… yeah, sure.” The correlation between traditional markets and cryptocurrencies suggests that bullish trends in equities could spill over into the Bitcoin and crypto sector. #7 Seasonality Historically, the fourth quarter (Q4) has been the most bullish period for Bitcoin, especially in halving years. “Bitcoin and the crypto market tend to outperform all asset classes in a halving year,” argues the analyst. Supporting these fundamental reasons, technical analysis also paints a positive picture for Bitcoin. Patric H. highlights that Bitcoin has closed above its weekly downtrend line, signaling a potential reversal from bearish to bullish momentum. Moreover, the cryptocurrency is holding firmly above the 50-week Exponential Moving Average (EMA), a critical support level. Also, the Moving Average Convergence Divergence (MACD) indicator has made a bullish cross for the first time since April, often interpreted as a buy signal. “Yes, there will be pullbacks every now and then. But from now on, dips are for buying as the market structure clearly shifted from a downtrend to an uptrend,” Patric concludes. At press time, BTC traded at $68,397.