As Bitcoin (BTC) edges closer to the $70,000 mark, the crypto community is abuzz with predictions of a potential surge to $100,000, accompanied by a significant altcoin season. Amidst this fervor, crypto analyst Axel Bitblaze has provided an analysis on X, examining whether the necessary liquidity and catalysts are in place to propel Bitcoin to such heights. Bitblaze emphasizes the fundamental role of liquidity in the crypto market. Drawing parallels to previous bull runs, he notes, “Our space is fully driven by just one thing, i.e., Liquidity.” He references the 2016 and 2020 bull markets, both of which were significantly fueled by increasing liquidity. This time, the question is whether similar or greater liquidity events are on the horizon to drive Bitcoin’s price higher. #1 Bitcoin Surge Set To Be Fueled By Stablecoins A cornerstone of Bitblaze’s analysis is the current state of the stablecoins market. He describes stablecoins as “the gateway to the crypto industry,” underscoring their indispensability to the crypto ecosystem. The total market capitalization of stablecoins has surged to $173 billion, reaching its highest level since the collapse of TerraUSD (UST). Tether (USDT) remains the dominant player, comprising 69% of the total stablecoin market cap with $120 billion. Bitblaze highlights the historical correlation between BTC prices and USDT’s market capitalization, stating, “Between March 2020 to November 2021, USDT MCap rose by 17x while BTC price pumped by 16.5x.” However, since March 2024, despite USDT’s market cap continuing to rise, Bitcoin’s price has remained relatively stagnant. “This indicates there’s a lot of liquidity waiting on the sidelines to enter BTC and crypto. I guess they’ll start deploying soon, right?” the analyst states. #2 FASB Rule Change Another significant factor is the impending change in accounting standards by the Financial Accounting Standards Board (FASB). Currently, publicly listed companies face challenges in holding Bitcoin due to unfavorable accounting treatments. Bitblaze explains, “Let’s say a company bought 100 BTC at $67,000 each. If BTC drops to $60,000 and then pumps to $68,000, the company still needs to report it at $60,000… they will have to show it as a loss even though it’s in profit.” This results in misleading earnings reports and adversely affects share prices, discouraging companies from investing in Bitcoin despite its potential as an asset. The upcoming FASB rule change, set to be implemented in December 2024, is poised to address this issue. Under the new guidelines, companies will be able to report the fair value of their Bitcoin holdings based on market prices at the end of the reporting period. Bitblaze suggests that this regulatory shift could incentivize more corporations to adopt Bitcoin as part of their balance sheets. He cites MicroStrategy as a precedent, noting that since August 2020, the company has accumulated 252,220 BTC worth $17.4 billion, currently realizing a profit of $7.4 billion. With S&P 500 companies collectively holding approximately $2.5 trillion in cash and cash equivalents—assets vulnerable to inflation—Bitcoin presents itself as an attractive, inflation-resistant alternative. #3 Expanding M2 Money Supply Bitblaze also delves into the macroeconomic landscape, particularly the M2 money supply, which includes cash, checking deposits, and other easily convertible near money. Currently, the M2 money supply stands at $94 trillion, nearly 39 times the total crypto market capitalization. Bitblaze references an analysis indicating that “for every 10% increase in M2 money supply, BTC pumps 90%.” Despite the M2 money supply being approximately 3% higher than its previous peak, Bitcoin has yet to surpass its 2021 highs, suggesting that ample liquidity remains untapped. “Currently, M2 money supply is almost 3% higher than its last peak, while BTC is still below its 2021 high. With Global rate cuts happening along with QE, fiat will become a worse investment. As Ray Dalio said, #Cash is Trash,# and now this gigantic money supply will find a way into different asset classes, including crypto; the analyst claims. #4 Shift From Money Market Funds To Bitcoin Since November 2021, money market funds have grown to $6.5 trillion as investors sought the safety of Treasury bills amid rising interest rates. However, with the Federal Reserve initiating rate cuts and signaling more to come, the yields on T-bills are expected to diminish, likely causing a significant outflow from money market funds. Bitblaze predicts, “This’ll cause a massive outflow from money market funds as the T-bills yield will diminish,” suggesting that investors will seek higher returns in riskier assets such as Bitcoin and other cryptocurrencies. He refers to these digital assets as “the fastest horses” in a QE environment, forecasting that this shift could channel substantial capital into the crypto markets. To quantify the potential inflow, Bitblaze aggregates the available liquidity sources: the M2 money supply of $94 trillion, money market funds totaling $6.5 trillion, cash holdings of S&P 500 companies amounting to $2.5 trillion, and the stablecoins market cap of $173 billion. This brings the total to approximately $103.17 trillion, which is 43 times the current total crypto market capitalization. He further addresses skeptics, concluded: “For a $200 Billion inflow, only 0.19% of this account needed to enter crypto. For those who think this isn’t possible and 200B is too much, BTC ETFs had over $20B in net inflows despite sideways price action, no rate cuts, and no QE.” At press time, BTC traded at $66,944.

Palo Alto, United States, October 17th, 2024, Chainwire Akord, a web3 platform for securing and managing data, also begins its migration to Walrus Protocol Mysten Labs, the web3 infrastructure company, today announced that following a successful Devnet, Walrus Protocol, a decentralized storage network, has launched its public Testnet. Walrus Protocol stores and delivers large data files, including rich media content, audio files, video, images, PDFs and more, from any web2 or web3-based source. These large files, known as blobs, are stored quickly and efficiently by Walrus, whose storage is resilient, scalable, programmable, and secure. Walrus’s public Testnet, and its Testnet token, WAL, are served by Sui as the coordination layer. Sui provides a dedicated management architecture for Walrus to store its global state and metadata offering speedy consensus, composability, and the opportunity to integrate storage into smart contracts on Sui. Walrus’s Testnet launch will include: API endpoints that support deletable blobs, meaning data can be deleted. Dedicated Walrus explorer, allowing users to search data quickly and comprehensively, built by Stakestab Inc, maker of Suiscan & Blockberry API Platform. Full tokenomics ecosystem for the Walrus token, WAL, including epoch management, staking and unstaking, and rewards, as well as the WAL token faucet for developers. WAL staking app, developed by Mysten Labs. “As blockchain projects aim to become more decentralized, it has been apparent for quite some time that a decentralized storage network was needed for networks of all kinds, L1s and L2s, to support end-user applications with rich media and larger storage needs,” said George Danezis, Chief Scientist and Co-Founder at Mysten Labs. “Walrus Testnet going live is a pivotal moment in that journey. With Akord and Decrypt beginning the migration over to Walrus, we’ll begin to see that a decentralized storage network can be used to bring various applications to a mass audience.” Coinciding with the launch of Walrus’s public Testnet, Akord, a secure storage and collaboration platform, providing user-friendly, cost-effective, and decentralized storage solutions for any digital asset, announces its migration from Arweave to Walrus. Akord is set to migrate to Walrus within the next week. The move comes on the heels of Decrypt Media’s recent announcement of its plans to integrate with Walrus, making the publication the first media outlet to commit to storing media articles and video content on Walrus. “At Akord, our mission is to create a platform that empowers individuals and businesses with meaningful data ownership – the ability to secure data publicly and tokenize it, or store it privately with end-to-end encryption, controlling the keys and access,” said Pascal Barry, CEO of Akord. “Migrating to Walrus allows us to offer our existing customers a more cost-effective, versatile and performant solution, as well as giving us the opportunity to realize our mission at a much larger scale.” Powered by a system that divides large data files into smaller fragments, referred to as ‘Red Stuff,’ Walrus distributes slivers of data files across various storage nodes. This process ensures that even if some pieces go missing, the whole of the data can still be reconstructed. This approach reduces the need for data redundancy, allowing the network to grow seamlessly while ensuring fast and reliable access to data. Walrus introduces advanced storage verification through proofs and attestations, incentivizing nodes to store slivers of each file. Instead of verifying individual files, Walrus assesses the entire storage node, significantly lowering the cost of proving data storage. Walrus, whose original contributor is Mysten Labs, launched on Devnet in June 2024. Its whitepaper was available as of September 2024, presented by Janet Wu, Head of Product, Platform, at Mysten Labs, at Sui’s Singapore Builder House Event. Walrus Mainnet is slated to launch in 2025. About Mysten Labs Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives of Meta’s Novi Research and lead architects of the Diem blockchain and Move programming language. The mission of Mysten Labs is to create foundational infrastructure for web3. Learn more: https://mystenlabs.com. About Walrus Walrus is a next-generation decentralized storage network for data and rich media content such as large text files, videos, images, and audio. Leveraging innovations in erasure coding, Walrus offers exceptional data availability and robustness with minimal replication overhead for cost efficiency. Powered by Sui as the coordination layer, Walrus scales to hundreds or thousands of networked decentralized storage nodes without compromising performance. Learn more: https://www.walrus.xyz/. About Akord The Akord platform is built on a digital vault protocol that offers file management, end-to-end encryption, file sharing, access control, minting and token gated access. The platform consists of an app, API, SDK and CLI with a strong focus on user and developer experience. Learn more: https://akord.com/ Contact Lexi Wangler Mysten Labs [email protected]

Orderly Network is excited to announce its revolutionary expansion to the Solana Network, after the successful deployment of its omnichain orderbook on the Solana Blockchain, which will enable both EVM and non-EVM users to trade perps from a single, shared orderbook. With a focus on unified liquidity—the cornerstone of Orderly Network’s solution offering to DeFi—the Orderly Unity initiative makes Solana the newest blockchain capable of giving consumers a fully omnichain trading experience. Without ever having to move their assets off of the parent network, Solana-based traders may now deposit their assets on Orderly and trade against counterparties on all other chains supported by Orderly from the same orderbook. The Solana integration is now operational on the testnet, and the mainnet is scheduled to launch in November. Orderly makes a significant advancement in building a DeFi ecosystem where everyone may trade any asset with ease on any platform by integrating Solana. Because of Co-Founder Ran Yi’s specialization in conventional finance, Orderly is able to portray itself as the Chicago Mercantile Exchange’s (CME) counterpart via Orderly Unity. Cross-netting capabilities and improved capital efficiency are achieved by deploying asset vaults on multiple chains, with all trades subsequently performed and settled on the Orderly Chain. The outcome is a hitherto unheard-of inclusive, trader-first strategy for DeFi’s growth, with Orderly taking the lead. With a focus on developing omnichain trading infrastructure that offers builders ready-to-use liquidity, Orderly has already been implemented on major chains like Base, Mantle, Ethereum Mainnet, OP, Polygon, Arbitrum, and now Solana. This completes an impressive market offering that will give traders better access to popular assets like memecoins. By providing a uniform trading infrastructure across all major chains, Orderly gives traders and exchanges access to more than 50 markets. Ran Yi, Orderly Network CoFounder stated: Arjun Arora, Orderly Network COO stated: Orderly Network has had steady growth in 2024, surpassing their previous milestone of $83 billion in total trading volume. This is the most recent in a series of beneficial, high profile integrations and initiatives.

Ljubljana, Slovenia, October 17th, 2024, Chainwire OriginTrail, the ecosystem striving for a safe internet in the age of AI with its decentralized knowledge graph, was named the best project at the prestigious MIT Decentralized AI Summit. Held at the MIT Media Lab, the summit brought together top innovators, researchers, and industry leaders to explore the future of decentralized AI technologies. The packed schedule saw contributions of representatives from Dell, Intell, NVIDIA and other notable AI companies. In his talk, the founder of OriginTrail Branimir Rakic explained how OriginTrail’s decentralized knowledge graph powered by Polkadot acts as a critical infrastructure in addressing some of the internet’s most important challenges in the age of AI such as misinformation, deep fakes, fake news or unreliable AI in a broader sense. The pioneering approach to powering trust in AI stood out amongst the numerous showcases at the event and led to being voted as the best project by the participants of the Decentralized AI Summit. This recognition highlights OriginTrail’s expected impact on driving mainstream adoption for both AI and Web3 technologies across diverse set of industries, from Real World Assets (RWA) in global supply chains, Decentralized Physical Infrastructure (DePIN) connecting knowledge of organizations and individuals, to advancements in improving AI models through federated access to training data. As the pathologies of the state-of-the-art AI solutions become more evident, the demand for trustworthy AI solutions being developed at the intersection of Web3 and AI grows. OriginTrail is determined to continue to lead that charge by driving mainstream adoption of this critical infrastructure to enable a safe internet in the age of AI. About OriginTrail OriginTrail is an ecosystem dedicated to making the global economy work sustainably by enabling a universe of AI-ready Knowledge Assets, allowing anyone to take part in trusted knowledge sharing. It leverages the open-source Decentralized Knowledge Graph that connects physical and digital worlds in a single connected reality driving transparency and trust. Advanced knowledge graph technology currently powers trillion-dollar companies like Google and Facebook. By reshaping it for Web3, the OriginTrail Decentralized Knowledge Graph provides a crucial fabric to link, verify, and value data on both physical and digital assets. For more information, users can visit origintrail.io. MIT DecAI summit event | LI OriginTrail announcement | X OriginTrail announcement Contact Communications department Lucija Naranda OriginTrail [email protected]

Injective marked a spike of over 10%, over the day. South Korean crypto exchange Upbit announces to list the INJ. The crypto market is briefly rebounding as the anticipated October momentum steamed. The altcoin, Injective (INJ) has soared over 10% in the early hours, crossing the $23 mark. The INJ rally coincides with the listing on the South Korean crypto exchange, Upbit. Upbit has officially listed Injective (INJ) to its trading platform, enabling investors to trade the token in KRW (Korean Won) and USDT markets. Trading for INJ is set to begin on October 17, 2024, at 18:15, as per Upbit’s official announcement. Besides, the analysts anticipate INJ could soon hit the potential $24 range, as the listing expects to boost Injective’s liquidity. Despite the surge, the INJ price failed to rise further, instead dropping to a low of $20.36. Currently, the asset is trading at $21.37, noting a moderate gain of 1.16%. Amid this, INJ’s daily trading volume has surged by over 107%, positioned at around $249 million, according to CMC data. Meanwhile, the market recorded a liquidation of $966.16K worth of Injective during this timeframe, as per Coinglass. What’s Ahead for INJ? Evaluating the past thirty days, INJ has gained by 9.38% and marked the monthly low at $18.61. When looking at the weekly price momentum, a steady spike above 9.40% is noted. Eventually, the asset climbed from $18 to a high of $22 mark. Looking ahead at the revival of INJ, the initial resistance could be tested at the $23.77 range. If the bullish wave sustains, the price will go high. Conversely, a strong bearish trajectory of the asset could take the price to immediate support near the $19.63 zone. While analyzing the 24-hour price chart, Injective’s daily relative strength index (RSI) stood above 54, indicating the asset’s presence in the neutral zone. Moreover, the technical indicators of the token, the short-term 9-day MA and long-term 21-day MA were at $20.95 and $21.26, respectively. INJ price chart (Source: TradingView) Furthermore, the Moving Average Convergence Divergence (MACD) line falls below the signal line, suggesting a bearish sentiment that may trigger the incoming bear run. Highlighted Crypto News Can Ethereum (ETH) Rebound as Uptober Momentum Builds?

ADA approaches key breakout point amid symmetrical triangle pattern formation. Market indecision reflected by technical indicators and mixed on-chain data. Cardano (ADA) has been experiencing market turbulence, with traders showing caution despite recent bullish attempts. After hitting a two-week high of $0.3711, ADA faced renewed selling pressure, dropping 4.24% in the past 24 hours to $0.3443. Trading volume has also decreased by 39%, further reflecting market hesitation. A key technical formation in play is the symmetrical triangle pattern on ADA’s 1-day chart. This pattern signals that a major price movement is imminent. Currently trading around $0.3585, down 0.80% at the time of writing, ADA is approaching a critical juncture. A breakout above the upper trendline of the triangle could spark a rally, but strong buying momentum and increased volume are required to confirm this move. Meanwhile, several technical indicators reflect the market’s indecision. The Relative Strength Index (RSI) sits at 46.96, placing ADA in neutral territory. Additionally, narrowing Bollinger Bands suggest decreasing volatility, with the upper band at $0.3969 acting as key resistance. For a bullish breakout to occur, ADA’s RSI must rise above 50, supported by growing buying momentum. What is ADA Next Bounce? On-chain data presents a mixed outlook. Net network growth is marginally positive at 0.09%, but a 0.53% decrease in large holder concentration signals bearish sentiment. However, the In the Money metric shows 3.43% of ADA holders are profitable, adding a slightly bullish dimension. Whale activity, reflected by large transactions, remains neutral. Currently, the 9D EMA is at $0.3443, further confirming the bearish sentiment grooving around. While ADA’s technical setup suggests an impending price shift, whether this move is to the upside depends on stronger market participation and sustained social momentum. A rally toward $0.40 could be within reach, but it must first overcome resistance levels and ignite broader investor interest. Highlighted News Of The Day Former FTX Executive Nishad Singh Seeks to Avoid Jail Time

Nishad Singh, a former executive at FTX, seeks court leniency ahead of his October 30 sentencing. The defense claims Singh’s role in the fraud was limited. Nishad Singh, a former executive at the FTX cryptocurrency exchange, is making a plea to avoid prison time as he prepares for his sentencing on October 30. Singh’s legal team has described him as an “uncommonly selfless individual” in their recent filing, which includes over 100 letters of support from family, friends, and colleagues. They argue that “Singh’s involvement in the fraud was limited compared to others,” pointing out that he only joined the conspiracy to misuse customer funds in September 2022, just two months before FTX collapsed. As reported by Bloomberg, Singh pleaded guilty to six serious charges in February 2023, expressing remorse for his actions and fully cooperating with authorities. Nishad’s lawyers emphasize that he should not receive a harsh sentence. They highlight his early admission of guilt. Also, they emphasized his cooperation in the investigation against Sam Bankman-Fried, who received a 25-year prison sentence earlier this year. FTX Token (FTT) Surges Amid Positive Market Sentiment As the global crypto market turns positive, the FTX token (FTT) has experienced a significant surge. The cryptocurrency raised over 15% in just 24 hours. FTT began the day at $1.83, then it climbed to $2.12, likely influenced by speculation around the exchange’s repayment plans and restructuring efforts. FTX Token (FTT) Price Chart (Source: CMC) According to CMC data, FTT has displayed a 2.51% decline over the past week. However, it has risen by an impressive 65% in the last month. That indicates potential investor optimism amidst ongoing developments in the FTX saga. Highlighted News Of The Day WazirX Poll Controversy Raises Questions Amid Slow Recovery

WazirX mishandled poll with initial limited voting options. 9,000 users mistakenly received “Thank you” emails. WazirX, India’s largest cryptocurrency exchange, is facing backlash over its slow response to a $200 million hack and its mismanagement of a poll regarding debt restructuring. In line with Singapore High Court directives, WazirX recently disclosed over 240,000 wallet addresses as part of its parent company, Zettai Pte Ltd’s restructuring process. However, concerns about transparency and accountability have been mounting. In an attempt to gauge creditor support for a moratorium, WazirX launched a poll that initially only allowed users to vote “Yes.” Following a court order, additional “No” and “No Position” options were introduced on September 12. Despite this, 72,120 users voted in favor of the moratorium, representing $64 million in claims, while only 1,491 creditors opposed. The polling process came under fire when WazirX mistakenly sent a “Thank you for supporting WazirX” email. It has been sent to around 9,000 users who had not participated. It sparks concerns over the integrity of the vote. WazirX has since admitted the error and issued a follow-up email on September 7, apologizing for the confusion. Additionally, they have agreed to future polls being independently supervised, as ordered by the court, to ensure transparency. Very Slow Actions In response to the Rs 2,000 crore hack, WazirX has taken a series of steps, albeit slowly. The exchange has reportedly committed to restructuring and enhancing its security protocols. They have also engaged with creditors through affidavits and court filings. Though many users remain dissatisfied with the lack of an independent investigation into the hack. Singapore’s Judicial Commissioner Kristy Tan clarified during a September 26 hearing that she could not order investigations into the hack, further frustrating affected users. As the focus now shifts to Zettai’s restructuring, WazirX’s slow measures in resolving the hack continue to cast doubt on its commitment to security and transparency.

The leading memecoin launchpad, GraFun, has recently launched GraFun Labs, an initiative with the purpose of advancing exceptional memecoin projects that will revolutionize the sector. GraFun Labs will be responsible for shaping the next generation of memecoins by promoting projects that have distinctive ideas and active communities. This will be accomplished with the support of prominent web3 projects like as DWF Labs, Floki, DeXe, and HOT. GraFun Labs is tasked with the responsibility of identifying, nurturing, and accelerating memecoin projects that have a high potential. While simultaneously increasing the bar for the creation of memecoins, it will provide the very best projects with the potential to enhance community development. It will make it possible for users of GraFun to have access to projects of a high quality and to reap the benefits of supporting original memecoins from the very beginning. Projects may take use of GraFun Labs’ one-of-a-kind combination of tools, resources, and professional expertise. Through the provision of assistance in areas such as brand narrative, cultural relevance, community participation, and a worldwide network of key opinion leaders (KOLs), the incubator will assist participating projects in capturing the hearts and minds of users. In addition, GraFun Labs will enable excellent industry connections in order to assist teams in establishing their presence and expanding their communities. This will ensure that the projects that these teams create have a profound impact on audiences all over the globe. Memecoins have emerged as a significant force in the cryptocurrency market, controlling a significant portion of the on-chain volume and influencing the culture that is fundamental to the identity of cryptocurrency. New possibilities are being made available to creators and communities alike as a result of this tremendous expansion. In order for the subsequent wave of memecoin initiatives to reach their full potential, the establishment of GraFun Labs will be vital. GraFun Labs has a number of important roles, one of which is to provide users with a trustworthy and secure environment. In order to safeguard the community, GraFun Labs has established a number of important precautions. These efforts include the use of GraFun’s fair launch technology, which helps to reduce the likelihood of scams and rug pulls and encourages ethical conduct. Memecoin initiatives that have an appealing narrative and an approach that is not often seen are strongly encouraged to submit their applications to the Growth Program using the online submission form provided by GraFun Labs. The projects that are chosen will be given the chance to become a part of an ecosystem that is both supportive and dynamic, allowing them to develop, innovate, and make contributions to the ever-changing landscape of memecoin. GraFun Labs is an incubator for memecoins founded with the purpose of identifying, nurturing, and launching memecoin projects with a high potential for success. Its goal is to become the key center for meme initiatives by using the GraFun ecosystem. It will provide full-cycle assistance while also assuring a secure and trustworthy launch and sustained growth for the community.

With a $10 million initial funding, Saakuru Labs and Memecore announced the establishment of a joint foundation with the goal of investing in and acquiring meme coin communities and games that would integrate into the Saakuru and MemeCore ecosystems. This strategic collaboration will boost activity on the Memecore Layer 1 protocol and improve the decentralized application (dApp) ecosystem on the Saakuru Layer 2 Protocol. With the help of this capital, the two firms will use their expertise of blockchain gaming to broaden the gaming market and support upcoming Web3 gaming initiatives. This effort is in line with Memecore’s emphasis on promoting blockchain innovation. Key Highlights of the Partnership: $10M Fund for Gaming initiatives: Memecore and Saakuru Labs will provide $10 million to game development initiatives, providing not just funding but also strategic and technical assistance. Emphasis on Gaming Ecosystem Growth: By encouraging innovation in game creation, the partnership aims to raise total value locked (TVL) inside the Saakuru and Memecore ecosystems. Publishing and Incubation: Game studios will get comprehensive assistance from Saakuru Labs, which includes publishing options, development resources, and incubation. Access to Early-Stage Investments: To assist prospective gaming studios grow from idea to launch, both businesses will use their networks to find early funding possibilities. Jack Vinijtrongjit, Co-Founder & CEO of Saakuru Labs stated: Finn, Co-Founder of Memecore stated:

An authoritative analyst, renowned for accurately predicting Uniswap’s meteoric price rise, now forecasts that three specific cryptocurrencies are set to surge by an astonishing 200 times by November 2024. This article investigates these emerging digital assets, examining the unique factors and market conditions that could propel them to unprecedented heights in the rapidly evolving world of cryptocurrency. CYBRO: Your Gateway to Unmatched Crypto Gains! Welcome to the world, where CYBRO is redefining the rules of crypto investing and putting GIGA PROFITS within your reach. Built on the revolutionary Blast blockchain, CYBRO maximizes your crypto earnings like never before. Whether you’re farming yield, stacking ETH, or just HODLing for those epic returns, this is the token for those who know how to win. CYBRO’s Presale is Hot and Approaching $3 Million! CYBRO’s presale is skyrocketing and inching toward the $3 million mark — and there’s a reason for that. At just $0.035, you’re getting in at a massive discount before the token hits the market at $0.06. That’s an easy 140% ROI for those who jump in early. Over 9,000 holders have already joined the alpha squad, and they’re stacking rewards like never before! Why CYBRO? Because Winning is the Only Option. Here’s why the community is rallying around CYBRO: Here’s why the community is rallying around CYBRO: Yield Farming: Top-tier user interface with multiple strategies to farm APY and Points. Built on Blast: Native yield with an APY of 4% for ETH and 5% for stablecoins. Effortless Deposits and Withdrawals: Easy in, easy out, so you’re always in control of your funds. AI-Powered: Create AI-tailored portfolios, built for your preferences and optimal performance. Early Investors Win Big Don’t wait until prices soar! By investing now, you’ll not only benefit from immediate growth potential but also unlock weekly ETH rewards and participate in community-driven airdrops. Early adopters are already seeing gains, and you can too! Join CYBRO today and secure your place in this fast-growing ecosystem. The future belongs to those who act now—don’t miss your chance before prices skyrocket! >>Get in Early, Reap the Rewards with CYBRO!<< TRON (TRX) Shows Steady Growth Amid Price Consolidation TRON’s price is currently between $0.16 and $0.17, showing signs of consolidation. The nearest resistance level is at $0.17, with support at $0.15. Over the past month, TRX has risen by 7.06%, and in the last six months, it has climbed nearly 46%. The Relative Strength Index (RSI) is slightly above neutral at 54.50, indicating moderate buying pressure. The Moving Averages for 10 and 100 days both sit at $0.16, suggesting stability. If TRX breaks above the $0.17 resistance, it could move toward the next level at $0.18. However, if it fails to hold its current range, it might test the support at $0.15. Solana’s Price Movement Signals Possible Uptrend Ahead Solana (SOL) is trading between $138 and $154.93, showing a monthly gain of 17.64%. The price is close to its 10-day simple moving average of $154.77 and slightly above the 100-day average of $151.35. With a Relative Strength Index (RSI) of 50.23, the market appears balanced, not overbought or oversold. The nearest resistance level is at $162.09; if SOL breaks through this point, it could rise toward the next resistance at $179, marking an increase of about 15%. On the downside, support is at $128.27 and further at $111.36 if the price drops. The current indicators suggest that SOL has potential for growth in the near term. Toncoin Eyes Potential Upside as It Nears Key Resistance Levels Toncoin is trading between $4.997 and $5.389, close to its 10-day and 100-day simple moving averages at $5.232 and $5.253. The RSI of 60.412 suggests moderate buying interest, while a high Stochastic of 88.965 indicates potential overbought conditions. A move above the nearest resistance at $5.584 could see the price targeting the second resistance at $5.976, offering a possible gain of about 7%. Though the past week saw a 1.808% increase, Toncoin has declined by 4.699% over the past month and 18.704% over six months, reflecting mixed performance. Strong support at $4.800 may help prevent further declines. Optimism (OP) Price Nears Resistance: Will It Break Through? Optimism (OP) has seen an 18.46% increase in price over the past month, currently trading between $1.55 and $1.82. The price is nearing the resistance level at $1.92. The Relative Strength Index (RSI) stands at 51.10, indicating neutral momentum. Both the 10-day and 100-day Simple Moving Averages are at $1.74, showing consistent growth. If OP breaks through the $1.92 resistance, it could target the next resistance at $2.19, offering potential gains of over 20%. However, if it falls below the support level at $1.38, the price might decline further. Traders are closely watching these key levels to determine OP’s next direction. Conclusion Although TRX, SOL, TON, and OP have potential, their short-term prospects may be limited. CYBRO, a technologically advanced DeFi platform, offers investors unparalleled opportunities to maximize earnings through AI-powered yield aggregation on the Blast blockchain. With features like lucrative staking rewards, exclusive airdrops, and cashback on purchases, CYBRO ensures a superior user experience with seamless deposits and withdrawals. Emphasizing transparency, compliance, and quality, CYBRO stands out as a promising project attracting strong interest from crypto whales 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.

A new Bitcoin price target has been set at $109,000, with an analyst predicting that the pioneer cryptocurrency could surge to this projected level before the end of the year. This bullish forecast comes as Bitcoin experiences new momentum that has pushed its price well above $67,000. New Bitcoin Target Set At $109,000 A Bitcoin technical analyst identified as ‘CryptoCon’ has taken to X (formerly Twitter) to unveil his bullish prediction for the Bitcoin price. While many analysts believe that this Q4 is a significantly bullish period for Bitcoin, CryptoCon confirms this sentiment by forecasting that Bitcoin could see its price reaching $109,000 as early as December 2024. In the analyst’s words, “$109,000 is just the next rung on the ladder for Bitcoin.” This suggests that the analyst is confident that Bitcoin could hit this new all time high, but also has the potential to increase even further over time. Sharing a detailed chart of Bitcoin’s historical price movements, the analyst highlighted periods when Bitcoin hit new highs, suggesting a possible correlation in past bullish trends. In April and July 2023, Bitcoin experienced a massive 52% surge, pushing its price to $30,362 at the 1.618 Fibonacci retracement level. Again, in January 2024, the cryptocurrency saw another 52% increase, jumping to $46,831 at the 2.618 Fibonacci level. More recently, around March Bitcoin witnessed another 52% price spike, hitting its current all-time high above $73,000, with its price dropping slightly back down towards $71,000 in May. Following this historical trend, CryptoCon predicts that Bitcoin is gearing up for another 52% increase, potentially reaching $109,000, at the 4.618 Fibonacci level. The analyst emphasized that Bitcoin’s recent price rally had a different ring to it, hinting at the possibility of a sustained bull run. Furthermore, the analyst has confidently stated that a recession or bear market is unlikely for Bitcoin shortly. He asserts that all conditions are aligning perfectly for 2025 to become the year of all-time highs. Bitcoin Price Breaks Through $67,000 Bitcoin recently surpassed the $67,000 mark for the first time since July, when the hype and demand for Spot Bitcoin ETFs was still strong. The unexpected market rebound has generated significant profits for numerous short-term Bitcoin holders. While the value of Bitcoin jumped as high as $67,820 at some point in the past 48 hours, the price of the cryptocurrency has since stabilized and is currently trading at $67,170. CoinMarketCap’s data reveals that in the past seven days, Bitcoin has surged by more than 10%, underscoring investors’ growing interest and demand in the pioneer cryptocurrency. Additionally, the data has also shown that the broader Bitcoin community is 69% bullish while only 31% are bearish. This suggests that investors’ positive sentiment towards Bitcoin is rising as they may be expecting more upcoming price gains.

Crypto asset manager Grayscale is in the process of converting its Grayscale Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF), according to Bloomberg ETF expert Eric Balchunas. The strategic move aims to provide investors with a diversified portfolio that includes major digital assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP and Avalanche (AVAX). Diversified Exposure To Bitcoin, Ethereum, And More The proposed ETF comes at a time when investor interest in regulated cryptocurrency products is on the rise. Grayscale’s Digital Large Cap Fund currently holds approximately $524 million in assets under management, with a significant focus on Bitcoin and Ethereum. Specifically, about 75% of the fund is allocated to Bitcoin, while Ethereum comprises roughly 19%, with the remaining investments distributed among Solana, XRP, and Avalanche. According to reports on the matter, this diversified approach is designed to offer a balanced entry point for investors seeking broader exposure to the cryptocurrency market. The New York Stock Exchange (NYSE) had previously filed a 19b-4 application on behalf of Grayscale, seeking the Securities and Exchange Commission’s (SEC) approval to amend its rulebook to permit the listing of this new ETF. This filing follows a pivotal year for the market, which recently saw the approval of spot ETFs for Bitcoin and Ethereum in January and July respectively, allowing these funds to hold actual tokens rather than relying on futures contracts. This shift comes after years of rejections of such index funds, spurred by a court ruling in favor of Grayscale that prompted the Securities and Exchange Commission led by Gary Gensler to reconsider its stance. Grayscale Aims For Fifth ETF Launch This Year The successful conversion of Grayscale’s Digital Large Cap Fund into an ETF would mark the fifth launch by the firm this year, highlighting its strategy to expand its product offerings in response to increasing demand for diverse digital asset exposure. Balchunas noted that the ETF’s holdings, predominantly consisting of Bitcoin and Ethereum, could provide enough flexibility to accommodate smaller, less liquid assets, potentially paving the way for approval. Over the course of the year, Grayscale’s Bitcoin and Ethereum funds have seen significant outflows, with around $20 billion and $3 billion withdrawn respectively. In response, the firm has introduced lower-fee versions of these funds, attracting over $700 million in inflows thus far. These approvals have contributed to a surge in Bitcoin and Ethereum prices, indicating a renewed investor confidence in the cryptocurrency market. Other asset managers are also positioning themselves to launch ETFs that include smaller tokens such as Solana, XRP and Litecoin, with recent filings from Canary Capital and Bitwise Invest highlighting a broader trend to integrate a wider range of cryptocurrencies into regulated investment vehicles, despite increased scrutiny from regulators in the US. At the time of writing, the largest cryptocurrency on the market, BTC, is trading at $67,750, up a substantial 11% on a weekly basis. Featured image from DALL-E, chart from TradingView.com

Ethereum trades at $2.6K, spiked 0.35% over the past 24 hours. The altcoin’s daily trading volume plunged by 24.35%. The cryptocurrency market is recovering from the bear hold after Bitcoin broke above $68K. While the largest altcoin, Ethereum (ETH) has not yet gained substantially. Notably, this month opened with an anticipated bull run, as it’s considered as Uptober. Over the day, the altcoin recorded the lowest price at $2,592. The market observed a liquidation of $22.75 million worth of Ethereum during this timeframe, as per data. Meanwhile, the daily trading volume of ETH has decreased by 24.35% to $16.70 billion, according to CMC data. In the morning hours, ETH traded in the $2,618 range. Following this, it continued to trade on the upside and hit $2,646. Over the past 24 hours, despite its price fluctuations, ETH witnessed a moderate spike of 0.35%. At the press time, ETH traded at $2,620 with a market cap of $315 billion. Besides, the upside momentum of the altcoin has continued over the past month and week. In the last thirty days, the asset gained over 13.60% and this momentum impacted on the weekly price chart, noting a 10% increase from $2,344 to $2,679. On the other hand, Vitalik Buterin, Ethereum’s co-founder, has shared his vision for Ethereum’s next leap in scalability with a roadmap called “Surge.” The recent blog post published today emphasized achieving 100,000 transactions per second (TPS) across the mainnet and Layer-2 networks. Can ETH Breach the Nearby Resistance? On deriving Ethereum’s four-hour technical indicators, the Moving Average Convergence Divergence (MACD) line falls below the signal line, suggesting a bearish signal, and can expect the incoming bear run. Moreover, the market sentiment shows neutral signals as the daily relative strength index (RSI) is positioned at 61.42. Additionally, the asset’s daily frame displays the short-term 50-day moving average below the long-term 200-day moving average. At press time, ETH’s price oscillates between $2.5K and $2.6K. Breaking past the $2.6K mark might signal the bull cycle. ETH may test the initial resistance at the $2,720 level, a critical zone for bulls. On the other hand, if the asset falls back from the current level, it might trigger ETH to push the price toward the $2,510 support zone. Highlighted Crypto News Robinhood Debuts Bitcoin and Stock Futures Through Its New Platform

XRP hits two-week high, nearing critical $0.60 resistance level. Bullish momentum driven by increased trading volume. XRP has regained momentum, hitting a two-week high of $0.5666, marking a 2.72% surge in the past 24 hours, though it slightly retreated to $0.5573. The altcoin’s trading volume saw a notable 16% increase, reflecting heightened market activity. Despite the recent recovery, XRP is still down 5% over the past month, driven by a late September sell-off that resulted in an 18% price decline. This recent upward movement signals XRP’s potential to reclaim lost ground, with key support levels being tested. The 50% Fibonacci retracement line at $0.55 remains a crucial level, and breaching the 61.8% Fibonacci retracement at $0.59 could pave the way for a rally above the long-awaited $0.60 mark. However, XRP’s upward trajectory hinges on overcoming this strong resistance, which has held firm for months. Meanwhile, fellow altcoins Solana, DOGE, ADA is facing a decline of 2-5% in the past 24 hours. An XRP Rebound Rally? Technical indicators show a mixed outlook. The Relative Strength Index (RSI) has recently closed above the neutral 50 level, signalling an improvement in bullish momentum. Yet, the token remains under pressure, with the 20-day exponential moving average (EMA) trending downward, and a bearish crossover with the 200-day EMA looming. If this crossover materialises, XRP could struggle to regain its footing above $0.56, leading to a period of consolidation. On the derivatives front, speculative activity surged, with a 753% increase in options volume and a 27.2% rise in open interest. While long liquidations outpaced shorts, indicating profit-taking, the predominance of long positions suggests traders remain hopeful of a potential recovery. As XRP continues to navigate resistance levels, traders are watching for a decisive breakout, with the $0.60 level in focus. Overcoming this crucial hurdle could fuel a more sustained rally in the coming weeks.

The WLFI token sale, backed by Donald Trump, launched with a goal of $300M but has raised only $12.72M (4.43%). The WLFI token is priced at $0.015, with most buyers investing under $1K, and it has over 11,549 holders. World Liberty Financial (WLFI), a new DeFi project backed by Donald Trump and his family, launched its token presale yesterday. Despite aiming to raise $300 million by offering 20 billion tokens, the project has only managed to raise about $12.72 million so far, selling around 848.06 million tokens, equivalent to just 4.43% of the goal. The WLFI token sale started at 12:40 UTC but experienced major technical problems, causing the website to crash for a few hours. This made it difficult for many buyers to access the platform. However, the issues were resolved, and approx. 3,000 unique wallets participated within a few hours. World Liberty Financial (WLFI) Holders Detail (Source: Etherscan) At the time of writing, WLFI tokens are priced at $0.015, and most buyers have invested less than $1,000 on average. Among the buyers, one wallet (0x2d2419e6252729121C70285b045da2557128A131) emerged as the largest purchaser, spending 351.3 ETH (worth about $903K) to buy 60.43 million WLFI tokens. According to Etherscan data, WLFI token has over 11,602 token holders, marking a 14.36% increase in the past 24 hours. WLFI Token and Its Implications for the 2024 Presidential Race Former U.S. President Donald Trump’s launch of WLFI marked the first time a U.S. presidential candidate has introduced a cryptocurrency directly linked to their political campaign. The WLFI token is a governance token for DeFi activities, built on the Ethereum network as an ERC-20 token with a total supply of 100 billion. It allows users to participate in borrowing, lending, and creating liquidity pools on the platform. Interestingly, Trump’s team has reserved 30% of the token supply, worth $300 million, for public sale, while they will use the remaining 70% for insiders and DeFi partnerships. However, all WLFI tokens from Trump are non-transferable and will remain indefinitely locked in a wallet or smart contract. That means they cannot be traded or sold on other markets. This has discouraged some investors who prefer the option to sell. Moreover, the presale comes three weeks before the 2024 U.S. presidential election. After years of skepticism towards the crypto industry, Trump shifted his stance and publicly supported Bitcoin in several speeches. As of October 17, Trump is leading in the race for the November elections. On Polymarket, a crypto-based prediction platform, Trump holds a 59.5% lead, while Kamala Harris is in second place with 40.3% among crypto bettors. Highlighted Crypto News Today Radiant Capital Loses $50M in its Second Attack This Year

BNB has faced a significant rejection at a critical resistance level, raising concerns among traders about a potential price correction. After an impressive ']rally, the momentum has faltered, leaving the cryptocurrency at a crossroads. This key level has proven to be a formidable barrier, indicating that selling pressure may be increasing as bears step in. However, the big question is whether this rejection marks the beginning of a downward correction or if the bulls can muster enough strength to regain their footing and continue pushing higher. As the market navigates this pivotal moment, this piece will analyze BNB’s recent rejection at the critical resistance level and assess the implications for its price trajectory. By examining market trends, technical indicators, and trading volumes, this analysis will explore the possibility of a correction and what it could mean for traders. Indicators Pointing Toward A Downside Correction For BNB Recently, BNB’s price has turned bearish on the 4-hour chart, pulling back toward the 100-day Simple Moving Average (SMA) after facing rejection at the $605 resistance level. This downward move signals a shift in market sentiment as bulls struggle to maintain upward momentum. The rejection at the $605 resistance level has triggered heightened selling pressure that could push the price lower for a potential correction. An analysis of the 4-hour Relative Strength Index (RSI) reveals that the signal line has dropped to 57%, retreating from its previous position in overbought territory. Typically, this decline indicates that the bullish momentum is weakening after reaching a peak, as buyers are beginning to lose steam. Furthermore, on the daily chart, BNB is exhibiting negative momentum, as evidenced by the formation of a bearish candlestick, despite trading above the 100-day SMA. This situation reveals a possible contradiction in market sentiment. Meanwhile, if selling pressure continues and BNB is unable to maintain its position above the 100-day SMA, it may lead to a more significant price drop. Finally, on the 1-day chart, the RSI has experienced a decline to 69% after rising to 62%, reflecting strong optimistic sentiment and buying pressure. Although the RSI remains above 60%, which suggests a bullish outlook, the recent drop signals that the upward momentum may be slowing down. Key Support Levels To Watch After The Rejection Following BNB’s recent rejection at the $605 resistance level, the critical support zone to watch is around $531, where buying interest may emerge. If the price drops below this level, it could signal a deeper bearish move, with the potential to push BNB down toward the $500 mark and beyond. In addition, a break below these key levels could intensify selling pressure and set the stage for further declines, making them crucial areas for traders to monitor in the short term. However, should the bulls manage to mount a comeback and push the price above $605, the asset could continue its upward movement toward the next resistance range at $635. A successful breach of this level may trigger additional gains, allowing the price to challenge other resistance points above.

Trust Wallet Launchpool offers users and TWT holders access to rewards and exclusive project tokens in a secure, decentralized environment. Trust Wallet, the world’s leading self-custody Web3 wallet trusted by over 140 million users, has launched its newest feature, Trust Wallet Launchpool and the first projects and tokens users can explore: TWT, $WHY and slisBNB. Trust Wallet Launchpool allows TWT holders and other token holders who are Trust Wallet users to earn rewards by discovering and engaging with promising projects in a secure and user-friendly way. By locking tokens like TWT or any partner tokens designated for each campaign, users can acquire new tokens or rewards from both pre-launch and launched token projects, diversifying their portfolios and supporting innovative ventures with minimal risk. With this feature addition, Trust Wallet becomes the first self-custody wallet to offer launchpool opportunities – providing its users with exclusive access to rewards and tokens from emerging projects, while supporting the growth of Web3 communities. “Trust Wallet Launchpool aligns perfectly with our mission to build a more inclusive Web3 ecosystem while giving back to the community, including TWT holders and partner token holders. It provides our users with unique opportunities to engage with innovative projects and earn rewards, all without the risks typically associated with centralized platforms.” said Eowyn Chen, CEO of Trust Wallet. How Trust Wallet Launchpool Works Trust Wallet Launchpool is part of the app’s “Earn” section, designed to provide users with a simple and secure way to engage with early-stage crypto opportunities. Users can select projects they are interested in and lock TWT or other tokens in specific pools to earn new tokens as rewards. This offering is fully supported by on-chain smart contracts and open-source protocols, ensuring transparency and security, and setting it apart from centralized alternatives. First Project On Trust Wallet Launchpool For the first launchpool project, Trust Wallet users can lock their tokens in 2 pools and earn rewards. The locked tokens are: TWT – Trust Wallet Token, an integral component of the Trust Wallet ecosystem, exhibiting versatility across multiple blockchain networks. It exists in various formats: as a BEP-20 asset on the BNB Smart Chain and also as an SPL token on the Solana network. TWT’s primary utility lies in its governance function. It empowers token holders with the ability to influence key decisions regarding the development and evolution of Trust Wallet. And from today, TWT can be used as part of Trust Wallet Launchpool. slisBNB – slisBNB unleashes the full potential of BNB, allowing users multiple layers of yield such as Launchpools, Liquidity Staking, DeFi rewards. The reward token for this launchpool project is $WHY, a top meme coin on BNB chain. WHY is a bipolar elephant in a bipolar crypto market. Skyrocketing in popularity with a unique story, worldwide community, and commitment to fairness and longevity. $WHY is an exciting project embodying everything we love about meme culture! As part of the campaign 4.2 Trillion WHY tokens (worth $1.2+ Million) are available for rewards. Locking & Reward Structure: Campaign Duration: 7 days Locking Tokens Amount: No minimum or maximum limit Reward Distribution: Every 8 hours. Users can claim rewards at any time after distribution. Withdrawal Rules: Locked tokens cannot be withdrawn until the campaign ends After the campaign ends, any unclaimed TWT will automatically roll over to the next session, ensuring continued participation and early access to future rewards. Additional Details: Users need to hold TWT or slisBNB in their wallet to participate. A small amount of BNB is required to cover gas fees for locking and claiming rewards Benefits for Users and Web3 Projects Trust Wallet Launchpool benefits both users and projects by creating a mutually supportive environment. This feature provides a safe, decentralized way to earn project tokens, empowering users to engage with the evolving Web3 landscape while supporting the growth of promising ventures. For Web3 projects, Trust Wallet Launchpool offers a unique platform to increase visibility and build a solid community base. By connecting with Trust Wallet’s extensive user base, projects can attract more users and gain momentum in a competitive market. Nate Zou, Head of Product at Trust Wallet, added: “Trust Wallet Launchpool is a natural evolution of our commitment to our community. We want to provide our users with more ways to engage with Web3 opportunities while offering our partners a sustainable method to grow their user base and strengthen their community.” Trust Wallet Launchpool is now available on the latest version of the Trust Wallet app. Be among the first to explore exclusive rewards and project tokens. Download Trust Wallet now. About Trust Wallet Trust Wallet is the secure, self-custody Web3 wallet and gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, as well as buy, sell, and stake crypto to earn rewards — all in one place and without limits. For media enquiries, contact: Dami Odufuwa, Head of Communications [email protected] 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.

Radiant Capital suffered a major attack on its BSC and ARB chains as per reports. The cryptocurrency sector has lost $5.6 billion worth of funds in scams according to the FBI. With the approaching US elections, there have been some intriguing advancements in the digital assets sector. Amid new announcements, members have also witnessed security concerns being raised. Recently, on Wednesday, the Cosmos Hub’s systems were identified as having security vulnerabilities and recommended for an audit. Meanwhile, the DeFi platform, Radiant Capital, encountered a blockchain attack in the past day for the second time since the beginning of 2024. According to Cyvers Alert reports, the platform witnessed a private key compromise in its BSC (BNB Smart Chain) and ARB chains that led to the loss of $50 million worth of funds. Cyvers, the on-chain detective, revealed a detailed analysis of how the attack happened. Radiant Capital, similar to other leading cryptocurrency firms, uses a multi-signature wallet for security. Its wallet requires 3/11 signatures out of which, the attacker had gained access to the private keys of three owners. Using these keys they signed off-chain and transferred the chains’ ownerships. Moreover, the attacker transferred the LendingPoolAddressesProvider ownership to a malicious contract. Following this they managed to alter the lending pool systems to steal the aforementioned funds. The $50 million funds included USDC, Wrapped BNB, and ETH tokens. What Happened With Radiant Capital’s Previous Hack? In January 2024, Radiant Capital was subjugated to a major attack during the launch of its USDC market in the ARB chain. The hacker stole ETH tokens worth $4.5 million according to reports. Additionally, following the attack the protocol temporarily suspended lending and borrowing. Meanwhile, the recent attacker was reported by Lookonchain as having swapped the stolen tokens to 12,835 ETH and 32,113 BNB. No identity of the hacker except wallet addresses has been discovered yet. Finally, Radiant Capital announced that it has paused markets on Base and mainnet while working to rectify the situation. Notably, in a recent September report, the FBI recorded a significant $5.6 billion worth of funds that were lost to cryptocurrency scams. Highlighted Crypto News Today: Is BONK Poised to Break Through Key Resistance Levels?

Roam introduces Physical L1 model to build a decentralized Telecom Data Network, expanding market potential and leading new narratives in DePIN. The Decentralized Physical Infrastructure Network (DePIN) sector emerged in 2019 and has grown significantly over the years, with total token market capitalization reaching billions of dollars. However, DePIN still faces numerous challenges, including a mismatch between user needs and available products, scalability issues, unsustainable economic models, and limited infrastructure expansion. These obstacles have restricted the widespread adoption of DePIN projects, confining many participants to token speculation and limiting the sector’s overall impact. An exceptional DePIN project should possess the following characteristics: Real application needs User-friendly products that meet those needs Significant market potential Solid data foundation Strong industry endorsements Roam stands out as one of the few DePIN projects meeting all these criteria. With the recent launch of its Telecom Data Layer, Roam is building a decentralized telecom data network using the Physical Layer 1 (Physical L1) model to handle specific data types. This infrastructure enables the development of rich and practical applications that serve users effectively, elevating Roam beyond traditional DePIN projects. By becoming the foundational layer of DePIN, Roam significantly expands its market potential and opens up new possibilities for innovation. Addressing Real Needs with Innovative Products In today’s society, internet access is as essential as water and electricity. However, seamless connectivity is not always readily available, especially for travelers who often face poor network signals, high data fees, repetitive logins, and lengthy registration processes. Roam is committed to building a global decentralized WiFi roaming network. Utilizing Decentralized Identity (DID) and Verifiable Credentials (VC) technologies, Roam offers users a secure, seamless, and global wireless experience. Key Features of Roam: Global Free WiFi Roaming: Roam’s services are free for end-users, providing unrestricted access to WiFi networks worldwide. Global Free Data with eSIM: Users can obtain free international data within the Roam app, even in areas without WiFi coverage, ensuring constant connectivity. User-Friendly Experience: With a simple registration on the Roam app, users can connect to global WiFi networks effortlessly through Roam’s multi-chain wallet. Privacy and Security: DID and VC technologies safeguard user information, while zero-knowledge proof allows identity verification without disclosing personal data. Token Incentives: Users receive token rewards for activities like registration, referrals, and sharing. Network providers earn tokens by sharing WiFi resources or using Roam routers like the Rainier MAX 60. Comprehensive Network Infrastructure: Roam distributes hardware supporting computing, storage, and connectivity, such as WiFi routers and AP access points, forming the backbone of its network. Telecom Data Layer: Surpassing DePIN Roam’s latest initiative introduces a broader vision for future development. Traditional DePIN projects focus primarily on user adoption at the application layer. In contrast, Roam extends its focus to the physical layer. A vast network of Roam mining nodes has been established, each providing network services and generating location and time data during user interactions. This forms a decentralized telecom data layer, with core data synchronized to the blockchain in real-time and stored on Solana and other collaborative blockchains. This infrastructure unlocks broader application scenarios and offers richer services to users. Roam is not just connecting people to devices but also devices to devices (Internet of Things), devices to data, and devices to AI. While leveraging blockchain technology to build its digital ecosystem, Roam is not confined to blockchain data systems. It rapidly deploys infrastructure hardware using DePIN advantages but extends services beyond DePIN’s traditional scope. For instance, Roam can support Content Delivery Networks (CDN) and Virtual Private Networks (VPN), positioning itself at a more foundational level than the application layer. Building a Platform for Diverse Applications The Roam Telecom Data Layer, built through the Physical L1 model, establishes a global decentralized telecom data network rooted in DePIN’s foundational layer. This allows various projects to utilize Roam’s Telecom Data Network to develop richer services and diverse applications—not limited to WiFi and data traffic related to Roam. The platform supports multiple sectors, including information storage, data communication, AI computing, and edge computing, fostering a robust ecosystem. It enables data interoperability between different projects and interconnectivity between devices. Implementing a data network is more challenging than developing application layers, but Roam has made significant strides. With over 600,000 nodes synchronizing information in real-time, Roam is constructing a new, expansive Internet of Things network. The ecosystem’s data layer is based on blockchain technology, where DID usage extends beyond humans to devices and AI, advancing toward a “Blockchain of Things (BoT).” The Physical L1 model expands Roam’s market potential, evolving it from a DePIN project into a platform capable of nurturing a prosperous ecosystem and enabling new narratives. Solid Data and Strong Endorsements As of now, Roam boasts over 760,000 app users across more than 190 countries, covering over 3.5 million OpenRoaming nodes. Users have added an additional 710,000 self-built network nodes, making Roam the third-largest DePIN project on Depinscan.io. Strong Industry Endorsements: Wireless Broadband Alliance (WBA) Membership: Roam is the only Web3 Identity Provider (IDP) within the WBA, the global authority setting standards for the wireless broadband industry. Members include industry giants like AT&T, BT, Boingo, Cisco, Deutsche Telekom, KT, Orange France, True Internet, and TMN/Portugal Telecom. Technology Partnerships: Roam has established deep collaborations with leading companies and platforms such as Samsung, Cisco, Intel, and Solana. Hardware Manufacturing Collaborations: Partnering with Xiaomi’s supply chain, Roam has developed and produced high-quality WiFi routers, including the Roam Rainier MAX 60 and Roam Baker MAX 30. Significant Investment Backing: Roam has secured tens of millions of dollars in two funding rounds from investors like Anagram, Volt Capital, Comma 3 Ventures, IoTeX, Awesome People Ventures, Crowdcreate, Future Life, Slope, Stratified Capital, JDI Global, ZC Capital, Future 3 Campus, ECMC Group, SNZ, and DePIN Labs. In February 2024, Roam received strategic investment from Samsung Next. Over the past three years, Roam’s team has grown from an initial five members to over 50, with its user base approaching the one million mark. With the introduction of the newTelecom Data Layer and Physical L1 blueprint, Roam is poised to lead a new wave of innovation, fostering a more prosperous and interconnected ecosystem. For more information, please visit Website , X. 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.