Binance lists MEME on Launchpool, farming since October 28. 69B total supply, 1.38B rewards, 8.8B circulating MEME tokens. The year 2023 has been a thrilling ride for the cryptocurrency market, and one of the standout moments has been the meteoric rise of memecoins. Leading players like Dogecoin, Shiba Inu, and Floki captured the limelight, and new entrants like Pepe made waves. As we examine the memecoin space, it resembles a buzzing beehive with numerous new coins emerging. However, one memecoin is currently stealing the spotlight – MEME. MEME, an Ethereum-based memecoin, operates on the ERC-20 network and boasts a total supply of 69 billion MEME tokens. This token was crafted by Memeland, a web3 startup, and launched by the same team behind the globally renowned meme platform, 9GAG. The latest buzz in the crypto world revolves around Binance’s announcement of MEME’s listing. MEME has become the 39th project on Binance Launchpool, allowing users to stake their BNB, TUSD, and FDUSD in separate pools for farming MEME tokens over a 30-day period, with farming commenced on October 28. With a total and maximum token supply of 69,000,000,000 MEME and Launchpool Token Rewards amounting to 1,380,000,000 MEME (2.00% of the total token supply), the initial circulating supply stands at 8,797,500,000 MEME (12.75% of the total token supply). Popularity vs. Functionality While one group of enthusiasts eagerly anticipates the coin’s future developments, another segment of the community is intrigued by an unusual aspect of MEME. In line with MEME’s whitepaper, the team emphasizes that the token has “no functions, no utility, and no intrinsic value, no promise or expectation of any financial return, profit, interest, or dividend.” Furthermore, the team asserts that, concerning the Memeland ecosystem, MEME does not confer “any entitlement to any voting rights.” Despite the absence of a roadmap, utility, or the promise of future returns, crypto investors have not hesitated to invest in this memecoin. The crypto community’s support for this startup underscores their faith in this new memecoin, with MEME even amassing more than a million followers on its X account.

Singapore’s MAS teams up with FSA, FINMA, and FCA for digital asset innovations. This collaboration is focused on advancing digital asset pilots, particularly in areas like fixed income, foreign exchange, and asset management products. The Monetary Authority of Singapore (MAS) has announced a groundbreaking partnership with regulatory authorities from Japan, Switzerland, and the United Kingdom. The collaboration involves the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the United Kingdom’s Financial Conduct Authority (FCA) and is set to advance digital asset initiatives in the realms of fixed income, foreign exchange, and asset management products. Under the banner of MAS’ Project Guardian, a pioneering endeavor, the authority has worked hand in hand with 15 esteemed financial institutions to conduct industry pilots exploring the concept of asset tokenization in the domains of fixed income, foreign exchange, and asset management products. The primary objectives of this policymaker group are to facilitate discussions on the legal, policy, and accounting aspects of digital assets, identify potential risks and policy gaps, develop common standards for digital asset networks, promote interoperability, facilitate industry pilots through regulatory sandboxes where applicable, and encourage knowledge sharing between regulators and industry stakeholders. Further, the MAS has recently unveiled new guidelines for stablecoin issuers, reflecting Singapore’s increasingly positive stance on digital assets.

Artificial Intelligence crypto coins have recently experienced a significant surge in the market, drawing the attention of investors and enthusiasts alike. The sudden upward trajectory of these digital assets has raised questions about the underlying factors driving this extraordinary momentum. While the domain of artificial intelligence (AI) has rapidly expanded in recent times, its intersection with the world of cryptocurrencies has become a focal point of interest and speculation. The surge in AI crypto coins, including Injective (INJ), The Graph (GRT), Render (RNDR), and Fetch.ai (FET), has been remarkable over the past 24 hours and the last seven days. Notably, Fetch.ai (FET) has surged by an impressive 55.16%, followed closely by Injective (INJ) at 43.86%, Render (RNDR) at 28.19%, and The Graph (GRT) at 21.93%. These substantial gains indicate a growing trend in the market, reflecting an increasing demand for AI-focused digital assets. Investors are drawn to the potential of these tokens, recognizing the unique opportunities they present within the ever-evolving landscape of AI technology and blockchain integration. The Artificial Intelligence Advantage In The Crypto Space The recent surge in AI crypto coins can be attributed to various factors, including the rapidly expanding influence of AI technology across diverse sectors. The marriage of AI and cryptocurrencies presents a promising synergy, with AI’s capabilities enhancing the efficiency and security of various blockchain-based systems. Unlike traditional cryptocurrencies, AI crypto coins leverage advanced algorithms and data-driven insights to optimize performance and facilitate more robust decision-making processes. Furthermore, the growing investment interest in AI startups by tech giants such as Google and Amazon has significantly fueled the momentum behind AI-focused digital assets. Google’s recent $2 billion investment in Anthropic, an AI startup, and Amazon’s substantial $4 billion investment in the same company in September have sent a clear signal to the market. These investments not only demonstrate the confidence of tech industry leaders in the potential of AI but also underscore the significance of AI’s integration with various technological domains, including the cryptocurrency space. Insights Into The Future Of AI Crypto Coins The current surge in AI crypto coins highlights a broader shift in the market sentiment, emphasizing the increasing importance of AI’s role in shaping the future of digital finance. As AI technologies continue to evolve and permeate various industries, the demand for AI-driven solutions within the cryptocurrency realm is expected to grow exponentially. This trend signifies a fundamental transformation in the way investors perceive the value and potential of digital assets, as they increasingly recognize the power of AI in driving innovation, efficiency, and security within the crypto space. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Freepik

Open interest in CME’s cash-settled futures contracts has topped 100,000 BTC. The percentage of BTC futures traded on the CME also hit an all-time high. When comparing the early stages of the 2020-21 bull run to the present, the rise in the Chicago Mercantile Exchange’s (CME) open interest in bitcoin (BTC) futures and perpetual futures mirrors that of the first few months of the latter year. According to Coinglass, CME has risen from fourth place to second place among bitcoin futures exchanges due to its notional open interest (OI) of $3.54 billion. The term “notional open interest” describes the value of US dollars locked in the quantity of open or active contracts. Significant Uptick Binance continues to lead in terms of open interest, with $3.83 billion, which is 8% lower than CME. For the first time ever, open interest in CME’s cash-settled futures contracts has topped 100,000 BTC. The percentage of BTC futures traded on the CME also hit an all-time high. The typical contract size for bitcoin futures on CME is 5 BTC, whereas the micro contract size is 1/10th of a bitcoin. Contract sizes for regular Ether Futures are 50 ETH, while those for micro Futures are 1/10 of an ETH. Perpetual futures, rather than standard futures contracts, account up the vast majority of open interest on offshore exchanges. Futures with no end date are called “perpetuals,” and they are kept in line with the market price via the funding rate method. Some have speculated that CME’s rise is indicative of an institutionally guided rally. Despite continuing macroeconomic uncertainties and spot ETF euphoria, the price of bitcoin has climbed by 27.89% this month. Highlighted Crypto News Today: Ethereum Eyes Breakout as Price Consolidating for a While

Dogecoin has also benefited from the general crypto market rally, gaining over 7% in the past week. DOGE has settled at the $0.069 price range today, with its market cap above $9 billion, showing its massive adoption. Also, on the weekly chart, DOGE shows signs of a breakout pattern as more buyers continue to accumulate the tokens. According to crypto analyst Ali Chart, Dogecoin has broken out of a multi-year descending triangle pattern on the weekly chart. The analyst believes this confirms a buy signal for the asset on the weekly timeframe, making its future outlook bullish. DOGE Breaks Out Of Descending Triangle Pattern DOGE entered a descending triangle pattern from July 2023 as bearish conditions in the market forced a decline. However, the buyers forced a breakout from this pattern in October as the general market moved into an uptrend. Remarkably, DOGE flipped the $0.067 resistance level into support, rallying to the $0.071 resistance level. Furthermore, DOGE has formed two consecutive green candles on the weekly chart, confirming its break out of the descending triangle. Related Reading: Ethereum Resilient Above $1,800 Pre-FOMC Meeting – Details Additionally, the Relative Strength Index (RSI) displays a value of 51.8 in the neutral zone and moving sideways. It implies that while the buyers are dominant, some traders are beginning to make a profit, leading to a slight decline. However, if the RSI moves to 55, the buyers will likely resume the accumulation phase. Also, the Moving Average Convergence/Divergence (MACD) is above its signal line, displaying a buy signal on the weekly chart. Moreover, the green Histogram bars confirm that the buyers are not yet done with the accumulation of DOGE. If DOGE breaks above the $0.071 resistance level, it will likely continue on its rally in the coming weeks. Whale Movement Aiding Dogecoin’s Price Gains According to the crypto tracking platform Whale Alert, a dormant address holding over 5.39 million DOGE tokens valued at $372,461 has been reactivated. Notably, this address remained inactive for almost 10 years, with its last activity in 2013 when DOGE launched in the public market. Whale Alert confirmed that this whale transferred 392,000 DOGE to a new blockchain address. Also, a massive 350 million DOGE tokens were transferred to the crypto exchange Robinhood on October 27 from a whale address. These transfers are likely aiding Dogecoin’s rally in the past week due to increased on-chain activity. Also, the general price uptick in the crypto market led to a rally for meme coins. Furthermore, Dogecoin’s profile as one of the largest cryptocurrencies by market cap is aiding its price rally. Therefore, DOGE’s uptrend may continue in the coming weeks if the general market sentiment remains positive.

Regulation, Forex, Crypto, Web 3.0, Metaverse, AI, ESG Will Be in Focus. Taking place on November 16th, Wiki Finance Expo, Sydney 2023 is Aussie’s largest and most anticipated fintech event of the year. An excellent opportunity to meet with 3000+ industry representatives, project owners, VCs, developers, cryptocurrency and forex traders, fintech providers, and gamers under one roof. Thousands of collaboration opportunities will be generated in a single day because nearly everyone in the industry and all great projects will be there. Are you ready to join? RSVP for free: https://www.wikiexpo.com/Australia/2023_EN/auexpo.html About Wiki Finance Expo, Sydney 2023 As a leading global platform for financial exhibitions and FinTech conferences, Wiki Finance Expo hosts large-scale summits annually in Singapore, Sydney, Dubai, Hong Kong, Malaysia, and Bangkok. Every event attracts the attention and expectations of the industry. It is not the first time that the Wiki Finance Expo has taken place in Australia, and it is grander than ever. As one of the most magnificent expos in the industry, WikiEXPO has always regarded Australia as “the land of opportunity” for the development of the forex and blockchain industry in the world. 50+ Prominent Industry Experts in Attendance 200+ Partners Co-Design the Future of Digital Finance with WikiEXPO The event is supported by more than 200 institutions, media, and companies, 23 sponsors, and more than 3,000 attendees from forex, blockchain, Web 3.0, crypto, NFTs, Metaverse, DeFi, AI, and ESG. The Financial Services Institute(FSI), government agency in Mauritius AUSCL Australasian Society for Computers + Law. Together with these outstanding partners, WiKiGlobal is dedicated to promoting the regulatory security of cryptocurrencies and FX. Don’t Miss Out Date: November 16, 2023. 9 am to 6 pm Venue: The Fullerton Hotel Sydney (No.1 Martin Place, Sydney NSW 2000, Australia) Don’t miss this unparalleled opportunity for networking, learning, and growth, taking a step toward a safer and more prosperous financial future. And don’t forget to spread the word. See you there! 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.

Modern cryptocurrency exchange aggregators have emerged due to the growing popularity and increasing use cases of digital currencies. These platforms provide specialized services that enable the exchange of cryptocurrencies for other coins or fiat money, similar to traditional online currency conversion points. The convenience and speed of cryptocurrency exchanges have greatly simplified complex coin transactions. Until 2018, exchangers had high rates, which made it unprofitable to convert cryptocurrencies. As a result, most people prefer to conduct their exchange transactions on cryptocurrency exchanges. Conversion services for popular cryptocurrency exchanges offer rates that differ by 1.2-3% from the exchange rates. Users can now save time and minimize losses by using crypto exchange aggregators instead of registering an account on cryptocurrency exchanges. These resources analyze and gather pertinent information regarding offers from different online exchange services. Cryptocurrency exchange aggregators offer a fast and convenient way to identify the best operating conditions and favorable rates for digital coins. They operate through algorithms that gather vital information about a website’s specific orientation and present it in a convenient table format. Users of an online cryptocurrency exchange aggregator can quickly and easily find up-to-date information, enabling them to make informed decisions without wasting time. Aggregators offer various categorization options, such as: Cryptocurrency exchange rates; Reserves of decentralized coins or fiat funds; Accepted Electronic Payment Systems; The availability of online banking; Payment systems and electronic wallets; Exchange directions. How to Choose Cryptocurrency Exchange Aggregators The cryptocurrency market is still in its early stages and is highly volatile. Exchange rates fluctuate frequently and can sometimes undergo significant changes. Moreover, the cryptocurrency market is decentralized and anonymous, and its legal regulation in most countries, especially in former socialist countries, is still in its infancy. All of this increases the risks associated with working with cryptocurrency. You may encounter unscrupulous anonymous counterparties or unexpectedly high fees. To avoid these situations, we recommend to consider the next criteria when choosing a cryptocurrency exchange aggregator. Exchange rate. This indicator changes continuously depending on the currency, exchange rates, and time of day. The closer the exchange rate is to the current market rate, the more favorable it is. This ratio can be verified on cryptocurrency exchanges. To do this, visit the website of the exchange (such as Binance) and find the desired exchange direction. Cryptocurrency reserves. The amount of money an exchange can work with depends on its reserves. Therefore, if the reserve of the exchanger is fairly small, then some larger operations may be impossible. A reputable exchange platform with a high trading volume maintains ample reserves in all areas. Minimum amount of exchange. Having chosen the desired direction of exchange, we focus on the limits, which include the minimum and maximum amounts of exchange. There may be a situation in which the exchange service offering the most favorable exchange rate in our direction may not be able to process the exchange due to its limits. Reputation and reliability. You should study the reviews and ratings to assess the level of trust in the services. It is desirable to obtain this information not only from the websites of the exchanges themselves but also from other sources. The necessity of registration. Not all services require mandatory user registration. If you want to stay anonymous, choose the one that operates without sign-up. Top-3 Crypto Exchange Aggregators Popular in 2023 There are multiple online cryptocurrency exchange aggregators, but we will focus on the three leading aggregators in this sector that offer reliable, convenient, and up-to-date information without any technical issues. BestChange Aggregator Official site: bestchange.com The aggregator offers almost the largest selection of exchangers, however, the user interface is poor and the navigation is quite unclear. Moreover, you’ll be redirected to the exchange platform to perform a swap, which is a little bit inconvenient. Several selection modes can be switched in a block of selection parameters. “Table” – all search criteria are displayed in a single list. To access the desired options for crypto exchangers, you need to scroll down and click on the required parameters. “List” is a convenient tool for searching online conversion services based on exchange direction and preferred methods. For example, when activating the search for the direction from Ethereum (ETH) to Bitcoin (BTC), a list of resources where this operation is possible is provided. “Popular” – a filter that displays the most popular schemes and exchange directions. The central area of the page was reserved for displaying the search results. There, you can directly provide the information and quickly navigate to the selected site. The advantages of BestChange.net include the following: An integrated calculator is provided, which allows users to evaluate the results of the exchange method being considered. The notification option can be enabled by the user if they need to wait for a quote at a specific rate. A notification will be sent to your email when a section with a specified rate becomes available. Double exchange of cryptocurrencies, which is a useful feature for less popular conversion directions. The system forms a chain of multipass operations, providing multiple connections between conversion sites. OkChanger Aggregator Official site: okchanger.com The project is characterized by a wide range of additional information that is useful for anyone interested in cryptocurrency conversions. The first acquaintance with the online exchange OkChanger lets you immediately see the conveniently designed interface and evaluate the extensive functionality. The site resembles Bestchange with favorable differences. The main menu features buttons that lead to key sections of the service, including cryptocurrency exchanges, exchangers, payment systems, internet banking, cryptocurrencies, and news. The typical scheme of using the OkChanger aggregator is as follows: Parameters for searching cryptocurrency conversion services are set on the left. Analyzing the information displayed in the center – exchangers (in descending order of favorable quotes), their capabilities, and characteristics. Redirect to the desired resource, where the desired operation is performed. Interesting and useful features of OkChanger.ru: A lot of related information that’s important to every user interested in cryptocurrencies and wishing to profitably change their coins. Statistics on services related to cryptocurrency transactions. Significant data on major banking organizations and popular electronic payment systems. Constantly updated reports on the latest news in the cryptocurrency world. SwapSpace Aggregator Official site: https://swapspace.co SwapSpace is a cryptocurrency exchange aggregator that facilitates cross-chain swaps of Bitcoin, Ethereum, Metaverse coins, and over 1850 other cryptocurrencies from more than 17 services. It provides a simple and easy-to-use interface with a Swap Tracker feature that allows users to track their swaps. The project is constantly evolving and offers users not only a favorable rate and a large selection of exchange pairs but also a loyalty program, API integration, blog, educational platform, and community. Key features of SwapSpace include: Wide variety of cryptocurrencies: SwapSpace supports over 1850 cryptocurrencies, including well-known Bitcoin, Ethereum, and Litecoin, and exclusive crypto, such as Neutron or PAAL. No registration is required. Users can exchange cryptocurrencies without the need to create an account or provide personal information. Both fixed and floating exchange rates provide users with the flexibility to choose the option that best suits their needs. Estimated time shown on the exchange page, KYC level, partners rate, and the ability to track the exchange. 24/7 support to assist users with any issues or questions they may have. User-friendly interface. The site is easy to use and intuitive even for a new user. Price predictions. The team writes fundamental and technical analyses of coins and updates price forecasts on a regular basis. Conclusion BestChange, Swapspace, and OkChanger are all cryptocurrency exchange aggregators that enable users to exchange cryptocurrencies from multiple exchanges in a single platform. Each one has its own unique features for different purposes. Aggregators of online cryptocurrency exchanges are convenient tools that significantly minimize the time and effort required by users. They collect up-to-date data from operational cryptocurrency conversion services and provide this crucial, well-organized information to visitors. People quickly use filters to find suitable cryptocurrency exchange options. The platforms are also useful for traders of digital coins, as well as users who earn money through cryptocurrency arbitrage.

XDC Trade Network has achieved remarkable milestones in facilitating the conversion of paper Bills of Lading (BL) to electronic BL (eBL) through their innovative solution in a first ever transaction of its type in close co-operation with its ecosystem partners. Alongside this accomplishment, XDC has also provided essential capital to support the trade transaction. Working in collaboration with their ecosystem partners, XDC Trade Network has successfully delivered the following groundbreaking technical and trade financing achievements: Converted a paper BL to electronic BL on TradeTrust using DocuTrade and safe keep with MAS regulated custodian in Singapore Shipper tokenised the eBL and fractionalise the same Capital provisioning against fractionalised eBL for the shipment duration of 7 days Participants in the pilot – TradeFlow Capital Management Pte Ltd for the USD TRADE FLOW FUND SP – Shipper Propine – Digital asset custodian. TradeFinex – Institution liquidity provider. Solution used in the Pilot – XDC Trade Network (market place for trades finance) DocuTrade by Yodaplus (to digitise trade documents) TradeTrust utility by IMDA (MLETR compliant standards) This is the 1st transaction over XDC Trade Network which showcased how liquidity can be availed from an alternative financier by tokenising a real-world asset. TradeFlow Capital (shipper) was able to raise liquidity as soon as the ship sailed. This gave them a cash flow of 7 days (transit time) and ease of transaction as the trade documents were digitally created making it easy to verify and transfer. Commodity shipped was COPPER MILBERRY SCRAP for green recycling and value of the transaction was USD 150K. Quotes from Trade transaction participants Organisation Quotation John Collis, CRO TradeFlow (shipper) The direction of travel is clear, this transaction is a tangible step forward for the new digitalised transaction universe, made up of among others, ICC Digital Standards Initiative and eLC’s and interoperable BL systems. Tom James, CEO & CIO TradeFlow (shipper) This pilot transaction enabled us to digitise a paper BL on TradeTrust from the IMDA Singapore Government and escrow it with an MAS regulated custodian. We further tokenised this eBL and fractionalised the same. On the XDC Trade Network we raised capital for one token (fraction value) which was very helpful in unlocking liquidity for the cargo transit period. Sunil Senapati, CEO XDC Trade Network By deploying the best of the technologies and using the document standards from ICC DSI, we are able to provide a digital solution for cross-border trade and provide 100% liquidity for these Trades. This pilot transaction was completed in 30 minutes from the creation of documents until the trade funding. We invite all the MLETR-compliant solutions to work with us to address the trade finance gap. About TradeFlow Capital TradeFlow is the world’s first Fintech-powered commodity trade enabler focused on SMEs. TradeFlow operates funds which invest into bulk physical commodity import / export transactions which would otherwise have fallen into the ever-increasing trade finance gap faced by global SMEs around the world. By performing an enabling role in international trade and globalization, TradeFlow creates growth opportunities for businesses and economies and delivers stable investment grade returns for investors. To date, TradeFlow has successfully invested in more than US$3Bn of physical commodity trades through 2500+ transactions across 18+ countries and 30+ commodity types, with more than 1400 SME counterpart entities KYC reviewed. As part of its unique business model, The TradeFlow Funds*, advised by TradeFlow, were conceived in 2016 and launched in 2018. TradeFlow is a Partner of the International Chamber of Commerce (ICC) to mobilise capital and improve trade finance access for SMEs worldwide through the “’ICC Trade Now” and “ICC Digital Trade Standards Initiative” platforms. Media Contacts: Daniel Chua, VP, Stakeholder Relations & ESG [email protected] For more on TradeFlow please visit www.tradeflow.capital About XDC Trade Network XDC Trade Network (XTN) is a complete suite of dApps on XDC Network that aims to redefine the global trade finance Industry by digitalising the entire process. Its objective is to provide liquidity for trade documents as collateral and avail 100% funding. XTN acts as a market place where exporters/importers and Liquidity providers (LP) are on-boarded thru a regulated custodian. LPs can verify, endorse and transfer title documents during the lending process accessing TradeTrust using DocuTrade. Upon presentation of trade documents release of funds with the use of smart contracts is done. For more on the company and joining pilots please visit https://www.xdctrade.network/ About DocuTrade DocuTrade developed by Yodaplus ensures seamless creation and management of all types trade documents, like eBL, invoice, COO, warehouse receipts etc. This solution is developed on XDC Network and uses TradeTrust utility for streamlining trade documentation processes for trade participants. For more on DocuTrade please visit https://docutrade.yodaplus.com/ About Propine Propine holds the Capital Markets Services (CMS) license for custody from the Monetary Authority of Singapore (MAS). Borrowers and lenders are on-boarded after stringent KYC process. They also hold license to deal in digital payment tokens under Payment Services Act from MAS. For more please visit https://propine.com/ 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.

Sukhdev and Hemraj, two of the key suspects, were arrested in Gujarat before. SIT investigating the crypto fraud executed searches at 41 different sites. On Sunday, the Special Investigation Team (SIT) investigating the alleged multi-crore crypto fraud executed searches at 41 different sites in Himachal Pradesh, India and detained one of the major suspects, Abhishek Sharma. Abhishek, a native of the Una district in Himachal Pradesh, is believed to have been one of the four key suspects in the scam that began in 2018, when the suspected fraudsters contacted individuals with an investment plan using a crypto created in the Mandi district and dubbed “Korvio Coin” or “KRO coin.” Investigation Underway Sukhdev and Hemraj, two of the key suspects, were arrested in Gujarat before, and throughout the course of the inquiry, they admitted to having liabilities totaling INR 400 crore (approx. $4,80,54,560). Subash, the accused scam’s ringleader, is still at large and maybe hiding up in Dubai. According to a police statement, Abhishek was taken into custody by the SIT and then presented to a judge, who remanded him to five days in police detention. According to the statement, these investigations have uncovered damning materials such as papers, land titles, cell phones, and other electronic devices. DGP Sanjay Kundu told local media that 10 persons have been detained in connection with the case and that the evidence gathered during these searches would play a significant part in our continuing investigation. Swindlers have amassed a network of investors by convincing victims that their money would be returned to them quickly and in large amounts. Three or four different cryptocurrencies were utilized, and their values were artificially inflated on phoney websites, according to the authorities. Highlighted Crypto News Today: Bitcoin (BTC) Surged Over 107%, What’s Driving the Rally?

Users now have very little time to save their private name tags and contract verification data. The developers and operators of Etherscan created and launched Snowtrace. Avalanche blockchain browser Snowtrace has announced that it would shut down permanently on November 30 at 00:00 UTC. Users now have very little time to save their private name tags and contract verification data before the portal is permanently shut down. The announcement that Snowtrace, the Avalanche platform’s blockchain browser, will be shutting down at the end of November sent shockwaves across the crypto world. The developers and operators of Etherscan, an established name in the blockchain sector, have also created and launched Snowtrace, a C-Chain block explorer. Snowtrace platform mentioned: New Solution Hinted Users that depend on Snowtrace for blockchain-related operations have expressed worry after seeing this notice, which has now gone viral. Notably, a number of customers have voiced their worry that the Avalanche team may be ceasing support for the platform, ultimately leading to its demise. However, Phillip Liu Jr., Head of Strategy and Operations at Ava Labs, the firm behind Avalanche, seems to confirm the switch to a new solution in reaction to this discovery. In response, he acknowledged the change and hinted at a better option. Some users’ worries have been allayed by Phillip Liu Jr.’s response, while others still look forward to an official update or more clarification from the platform. According to the team’s last weekly update, things are really starting to heat up on Avalanche. A new Subnet went live this week, and there were also integrations for developer tools and tokenization infrastructure developments. Highlighted Crypto News Today: Benefits of Decentralized Exchange Aggregators. Which Ones Are the Best?

A massive amount of 19,197 BTC worth $652 million recently made its way out of Binance all at once, triggering a curious reaction from Bitcoin investors. The timing of the transfer is interesting, as Bitcoin is currently trading in a range and is looking to break the $35,000 resistance level. The big question is whether the whale behind the transfer plans to hold or sell, but recent price action points to the former. Massive Amount Of BTC Leaves Binance Recent data has shown Bitcoin trading volume on crypto exchanges recently hit its highest point since March, as trading activity increased in the overall crypto market. Whale activity, in particular, has grown exponentially. Whale transaction tracker Whale Alerts has uncovered various large Bitcoin transactions coming into and going out of cryptocurrency exchanges. Most of these transactions have been BTC exodus into cold or unknown wallets. According to a post on social media platform X by @WhaleChart, there was a recent significant withdrawal of 19,197 BTC from Binance, the largest cryptocurrency exchange. This massive movement of digital currency has led analysts to speculate about the implications. Some believe transactions like these signal that whales see bullish things ahead for Bitcoin and want to hold their assets using their own private keys. Now, while the whale tracker didn’t provide the transaction address for an in-depth analysis, the transfer was probably into a cold wallet. This is most likely the case as on-chain data points to an ongoing intense buying pressure from the bulls to drive up Bitcoin’s price. Trigger For Bitcoin Recovery? When large amounts of BTC are moved off exchanges, it shows that investors are holding their coins long-term. At the time of writing, Bitcoin is trading at $34,611, and its price action is forming a flag in a 4-hour chart timeframe. Using the Fib indicator, a breakout above $35,000 puts the next target at $38,000. A more convincing breakout might bring the price of Bitcoin to $40,000. On the other hand, the creation of a lower low below $33,500 would render the flag invalid, and we’d most likely witness a retracement from that point to $31,000. However, ongoing buying pressure points to a bullish breakout rather than a bearish breakout. According to Santiment data shared no X by crypto analyst Ali Martinez, Bitcoin whales have purchased over 30,000 bitcoins worth nearly $1 billion within the last five days. Also, historical data points to an average price jump of 43% in November for Bitcoin. A similar jump in the coming month would see Bitcoin increase to around $48,000.

Victoria, Seychelles, October 30th, 2023, Chainwire Bitget, the world’s largest crypto copy trading platform, is excited to announce the initial listing of Memecoin (MEMECOIN) on its platform. Memecoin will be listed in the Innovation Zone and Meme Zone on Nov 3rd 2023, providing traders with the opportunity to engage with this trending token. Memecoin, is the native ecosystem token of Memeland – the web3 venture studio developed by 9GAG, the globally popular meme platform. Compatible with the ERC-20 token standard, the token has gained significant popularity for its unique approach to digital currency. With its enormous community of 200+ million followers and meme-inspired branding, Memecoin has became the latest talk of the town and captured the attention of crypto enthusiasts worldwide. The listing of Memecoin on Bitget’s Innovation Zone and Meme Zone reflects Bitget’s commitment to offering its users access to innovative and trending tokens. The Innovation Zone is dedicated to the initial listing of trending tokens, while the Meme Zone provides a platform for meme-inspired projects. Spot Grid Trading for Memecoin will go live within 24 hours after the listing, allowing traders to take advantage of the token’s market opportunities. Bitget users can deposit, trade, and withdraw Memecoin token on the platform, providing them with a seamless trading experience. About Bitget Established in 2018, Bitget is the world’s leading cryptocurrency exchange and web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet Contact Rachel Cheung Bitget [email protected]

The ETH price has been consolidating lately after failing to clear above $1850 level. With an RSI reading of 72, the ETH price is well in the overbought region. A crucial indicator still indicates considerable volatility for Bitcoin (BTC) despite the asset’s recent upward momentum due to the widespread expectation of the approval of a spot Bitcoin ETF. Santiment, a market intelligence firm, reports that whale activity and social volume in Bitcoin have dramatically decreased over the previous week. Despite a weeklong uptrend, the Ethereum price has been unable to push through the significant barrier at $2,000. The MVRV signal shows a fresh rise has started for Ethereum, says well-known expert Ali. The analyst recently tweeted about the magnitude of ETH purchases that were made at a discount and are now profitable. The MVRV falling to new lows indicates that Ethereum is undervalued relative to its realized price, which is usually indicative of the beginning of a protracted rebound. Now that the MVRV has made a positive turn, Ali anticipates a new wave of buying interest in ETH. Breakout Likely According to the RSI indicator, the ETH is now overbought. With an RSI reading of 72, the ETH price is well in the overbought region. At the time of writing, ETH is trading at $1823, up 2.10% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is up 47.49%. Source: CoinMarketCap The price has been consolidating lately after failing to clear above $1850 level. A clear breakout above $1850 level will likely see price testing the crucial $2000 psychological mark. Breaking above the $2000 mark will see price testing the $2123 resistance level. On the other hand, if the price falls below $1763 level, then it will likely move towards $1670 support level.

In a detailed analysis shared on social media today, renowned crypto analyst Egrag points to several bullish indicators in the XRP price structure, suggesting the potential for an imminent breakout. Egrag evaluated various timeframes, identifying a series of technical patterns and formations that bolster the bullish outlook. XRP Shows Strong Bullish Structural Signs “Last week’s candle closed within the confines of the Yellow structural formation,” Egrag tweeted with regard to the weekly XRP/USD chart, emphasizing the significance of recent movements within the timeframe. This observation is instrumental in understanding the underlying market structures influencing the upcoming price action. The implication? If another weekly candle were to affirm its position within this formation, the odds of a bullish trend continuation could significantly increase. “To confirm a bullish trend continuation, we need to see another weekly candle close with a full body inside this structure,” Egrag added. Next, his insights extend further to the three-day chart, where he keenly observes, “In just 16 hours, XRP is poised to complete the second full body candle within the structural formation, signaling a strong bullish sentiment.” This near-term projection underscores a sense of momentum that appears to be building within the XRP market. The 1-day chart, too, garnered Egrag’s scrutiny. He highlighted the imminent completion of the seventh full-body candle within the current structure, stating this indicates an “extremely bullish trend.” This observation suggests that XRP’s bullish behavior isn’t just a fleeting phenomenon but has consistency across varying timeframes. For traders with a penchant for shorter timeframes, Egrag’s insights into the 12-hour chart are particularly salient. While there have been multiple closures within the structural formation, he singled out the importance of the ongoing momentum: “The current candle and the next one are pivotal as they form a symmetrical triangle.” He elaborated on the implications of this pattern, saying, “Typically, symmetrical triangle breakouts have a 50/50 chance, making this a decision point for XRP.” XRP Price Targets Circling back to a tweet from October 27, Egrag had demarcated significant price zones, highlighting the “$0.54 to $0.58” range as a make-or-break threshold. Beyond this, he indicated the “$0.63-$0.70” range as a pivotal indicator of market sentiment shifts. For those with an eye on the psychological dimensions of trading, Egrag’s mention of the “0.93-$1” bracket is noteworthy. He cautioned traders about this zone, advising them to “Stick to your plan and resist the temptation to let emotions or impatience dictate your actions.” In sum, Egrag’s comprehensive analysis blends technical data with trader sentiment and psychology, providing a nuanced and detailed perspective for those invested in XRP. The coming days are likely to be watched with bated breath as traders anticipate the next big move. At press time, XRP traded at $0.5595.

Following the recent price surge, ADA is up 11.06% in the last 7 days. If price goes below the $0.28 support area, then it will likely decline to test the $0.27 level. Accelerating rise of Cardano’s total value locked (TVL) on the DeFi landscape is indicative of the network’s growing popularity and utilization. Cardano’s TVL has reportedly exceeded the $250 million mark, an amazing feat. This solidifies its position as one of the most rapidly expanding DeFi ecosystems. Cardano’s rising TVL is especially striking when compared to other top DeFi networks like Ergo. Late in the month of October, Ergo’s TVL was close to $7.16 million. Cardano’s figures indicate more acceptability and adoption among DeFi users and stakeholders, even if both networks have their own distinctive advantages. Strong Recovery Cardano’s price has rebounded strongly over the last two weeks, following the overall increase in the cryptocurrency market and after the formation of a ‘Double Bottom’ pattern. An RSI reading of 64% on a daily time frame is indicative of both strong positive momentum and the upcoming possibility of overbought circumstances for ADA. At the time of writing, ADA is trading at $0.294, up 0.70% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is up 26.97%. Following the recent price surge, ADA is up 11.06% in the last 7 days. Source: CoinMarketCap The price has made a strong recovery after facing severe selling pressure for months. If the price manages to go past the recent high of $0.30 mark, then price will likely head towards $0.32 resistance level. Breaking this level will see the price likely testing $0.36 level. Contrarily, if bears drive the price below $0.28 support area, then will likely decline further to test $0.27 support level.

Upon completion of the transaction, Satang will change its name to Orbix. K-Bank recently obtained a license to operate as a crypto exchange in Thailand. Kasikorn Bank, popularly known as K-Bank, in Thailand announced that it has bought 97% of the parent business of Satang, a cryptocurrency exchange that has been active in the nation since 2017. Upon completion of the transaction, Satang will change its name to Orbix. Orbix Custodian, Orbix Invest (a digital asset fund manager), and Orbix Technology (a blockchain technology developer) will all operate as wholly-owned subsidiaries of the new firm. Eyeing Entire Range of Services Moreover, the transaction was completed via a new K-Bank subsidiary named Unita Capital, which has a mission to invest in digital assets firms, and was valued at 3.705 billion Thai baht ($102.8 million), as stated in a filing. K-Bank has announced a $100 million fund dedicated to web3, fintech, and AI. Siam Commercial Bank (SCB), a competitor of K-Bank, is likewise expanding rapidly into web3 and cryptocurrency. Also, the bank is doubling down on its cryptocurrency initiatives and is eager to provide the entire range of crypto services that are legal in Thailand. Moreover, K-Bank recently obtained a license to operate as a cryptocurrency exchange and is proactively seeking additional licenses in Thailand. In addition, the Thai market stands out because of the exceptional institutional backing it has. The planned digital wallet program in Thailand, which intends to pay out 10,000 baht (approx. $274) to eligible people above the age of 16, has been delayed, and critics have asked for an inquiry by the country’s electoral authority. This came after Thailand’s deputy finance minister, Julapun Amornvivat, said that the launch of a new digital wallet will be pushed back from its original date of February 2024. Highlighted Crypto News Today: 2023 Is One of the Toughest Crypto Years. Here’s Why!

Hosted by the Hong Kong Special Administrative Region Government’s Financial Services and the Treasury Bureau, and in collaboration with esteemed organizations such as the Investment Promotion Agency, the Hong Kong Financial Management Bureau, the Securities and Futures Commission, and the Insurance Regulatory Authority, the Hong Kong FinTech Week 2023 will run from October 30th to November 5th. Among the distinguished participants this year is Hong Kong’s pioneering crypto payment platform, RedotPay. The company is poised to introduce attendees to its revolutionary RedotPay App and its virtual and physical Crypto Visa Card products. Recognized as one of the premier fintech gatherings in Asia, Hong Kong FinTech Week attracts top companies from the global fintech space. With this year’s theme, “Redefining FinTech,” the event is a confluence of luminaries from finance, technology, innovation, and regulatory sectors. It will be hosted at the Hong Kong Convention and Exhibition Centre (HKCEC). At the FinTech Week, RedotPay is geared up to present its state-of-the-art offerings. Attendees will have an opportunity to experience the RedotPay App and its virtual and physical Crypto Visa Cards firsthand, embodying RedotPay’s advancements in the fintech and crypto payment arenas. Visitors can head to RedotPay’s booth located at EE16, Hall 3DE from 9 am to 6 pm on November 2nd and 3rd. The booth guarantees top-tier interactions, enabling guests to delve into RedotPay’s latest innovations and explore ways to integrate these pioneering solutions into their operations. Moreover, to celebrate and foster connections, RedotPay has organized an exclusive After Party on November 3rd, from 7 pm to 11 pm at G/f, The Pemberton, 22-26 Bonham Strand, Sheung Wan, Hong Kong. The leading global blockchain security company Beosin will co-host the party. The illustrious guest list boasts names like Mr. Cao Bo, the President of the Asia Blockchain Industry Association. Additionally, the event is backed by media partners such as Foresight News, Chaincatcher, The Newscrypto, Victoria’s Friends, and CoinKaola. With an unwavering commitment to the evolution of fintech, RedotPay is fervently working towards accelerating the acceptance of cryptocurrencies in daily transactions and payments. For enthusiasts of fintech and blockchain, RedotPay warmly extends an invitation for collaborative efforts, inviting them to navigate the groundbreaking avenues of the digital finance realm together. 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.

Bitcoin (BTC) surged above $34,300 with a 14.38% weekly gain and 28% in a month. The 2021-approved U.S. futures-based ETF, BITO, witnessed $1.7B in weekly trading volume. Since October 24, the world’s largest cryptocurrency, Bitcoin (BTC), has ignited a bullish trend across the broader crypto market. Also, Bitcoin enthusiasts and investors have been on the edge of their seats as BTC surges above the $34,300 range, and the excitement is solid. The surge in Bitcoin’s value is not solely attributable to individual traders, institutional investment vehicles are also making a significant impact. In fact, Bitcoin’s price experienced a noticeable upswing, briefly dipping to $33,600 but then rebounding with a bullish trend. Bitcoin (BTC) Price Chart (Source: TradingView) At the time of writing, Bitcoin is trading at $34,313. Over the past week, it has surged by 14.38%, and in the span of just a month, BTC has soared by 28%. But perhaps the most eye-catching statistic is its performance year to date, Bitcoin climbed over 107%. Such gains are nothing short, and it’s no surprise that the market is buzzing with excitement. Further, the Relative Strength Index (RSI), which currently stands at 79.78, indicates an overbought condition. The Reason Behind the Bitcoin (BTC) Hype What’s fueling this heightened activity in the world of Bitcoin? The anticipation of potential regulatory changes in the United States is causing the market to buzz with enthusiasm. Bitcoin exchange-traded funds (ETFs) and other institutional investment options are witnessing significant levels of weekly inflows. Among these, the ProShares Bitcoin Strategy ETF (BITO) is making waves. BITO, the first futures-based ETF approved in the United States back in 2021, has just recorded an astonishing achievement. Eric Balchunas, a senior ETF analyst at Bloomberg, reported that BITO managed to trade a staggering $1.7 billion in a single week. This marks its second-highest weekly trading volume since its inception. Further, the Grayscale Bitcoin Trust (GBTC) is also reaping the benefits of this Bitcoin boom, with a trading volume of $800 million. Institutional investors seem to be flocking to Bitcoin like never before.

Several altcoins are currently on the rise following Bitcoin’s resurgence, and popular crypto analyst Ali Martinez has singled out the Uniswap UNI token as one of those tokens that could rally further as he projects that UNI is set to break out soon from its current resistance level. Why Uniswap Is Poised For A Breakout In a post shared on his X (formerly Twitter) platform, Martinez noted that the majority of UNI holders were positioned ‘Out of the Money,’ which suggests that the token was preparing for a breakout. Accompanying his post was data from the crypto analytics platform Intotheblock based on the ‘Historical In/Out of the Money’ metric. The data shows that over 75% of the token holders are ‘out of the money’, which means that they were yet to break even in their investments as the average cost price at which they bought these tokens is greater than its current price. More addresses are out of the money | Source: IntoTheBlock Furthermore, the crypto analyst explained that selling pressure has gotten exhausted and that the UNI token has been able to build “an important support” level at around $4. This could serve as a lift-off point for the altcoin. Key Supply Walls UNI Needs To Break To further support his breakout theory, Martinez noted two supply walls that UNI “needs” to overcome in order to signal a bullish breakout. According to him, one of these supply walls is at $4.23, where data from Intotheblock shows that 7,000 addresses have bought 14.24 million worth of UNI. The other supply wall is at $4.45, where data from Intotheblock shows that 2,000 Uniswap addresses have accumulated 10.28 million worth of UNI. Whales and institutional players may also be aware of this potential breakout and may be looking to position themselves, as Martinez noted. The crypto analyst also recently commented on a potential Ethereum breakout. In a different post on his X platform, he said that the second largest cryptocurrency by market cap will need to overcome the huge supply wall at $1,960, where data from Intotheblock showed that 1.14 million addresses bought close to 33 million ETH. Meanwhile, Martinez believes that now is a good time for people to accumulate Bitcoin based on his examination of the past two cycles from the market bottom and the present Bitcoin trend. According to him, a similar trajectory points to the next Bitcoin market top being around October 2025. At the time of writing, the UNI token is trading at around $4.10, according to data from CoinMarketCap.

Ethereum (ETH), one of the leading cryptocurrencies, is displaying remarkable resilience in the face of recent market fluctuations. Despite experiencing relatively modest gains compared to Bitcoin (BTC) and other major altcoins, ETH has managed to consolidate its position above the $1800 mark. The big question on everyone’s mind is whether Ethereum can sustain this level or if it will succumb to the prevailing market sentiment. In the world of cryptocurrencies, prices are highly susceptible to market sentiment. Cryptocurrencies often exhibit dramatic price swings based on the emotions and perceptions of investors and traders. Positive sentiment tends to drive prices up, while negative sentiment can lead to sharp declines. In this particular instance, the catalyst for market sentiment is the upcoming US Federal Open Market Committee (FOMC). The Role Of FOMC In Influencing ETH And The Crypto Market The FOMC is a key division of the US Federal Reserve responsible for setting monetary policy in the United States. One of the primary tools at its disposal is the adjustment of interest rates. When the FOMC meetings take place, the decisions made regarding interest rates can have a significant impact on various financial markets, including cryptocurrencies. If the FOMC decision leans towards a hawkish stance, implying an increase in interest rates, it could result in a surge of bearish sentiment across the cryptocurrency market. In such a scenario, Ethereum sellers might exert pressure, potentially pushing the altcoin below the $1700 mark. Conversely, a dovish or unchanged policy stance could lead to a more positive sentiment, allowing ETH to maintain its current position and even experience upward momentum. As of the latest data available on CoinGecko, Ethereum is trading at $1,816, showcasing a 1.8% gain over the last 24 hours and a notable 8.8% increase over the past seven days. While these gains may appear modest when compared to the cryptocurrency market’s usual volatility, they reflect Ethereum’s capacity to maintain a steady footing in turbulent times. Ethereum Layer 2 Solutions Break Records A noteworthy development in the Ethereum ecosystem is the remarkable performance of Layer 2 (L2) solutions. These scaling solutions are designed to alleviate Ethereum’s network congestion and high gas fees. Recently, L2 solutions set a new all-time high in Total Value Locked (TVL), briefly touching $12 billion before stabilizing around $11.89 billion. This achievement surpasses the previous historic high registered back in April at $11.85 billion, signifying the increasing adoption of Ethereum’s Layer 2 solutions. With the $1,800 threshold serving as a crucial psychological barrier, the ultimate direction of Ethereum’s price movement hinges on the delicate balance between market sentiment and the decisions of key financial institutions. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Shutterstock