Category: AI

AsthebroadercryptomarketconsolidatesfollowingasharprallyfromearlyOctoberlows,Solana(SOL)hasemergedasastandoutperformer,outpacingmajorcryptocurrencies. Witha17%monthlygaincomparedtoBitcoin’s(BTC)13%,Solana’simpressivepricesurgehasbeenfueledbyincreasednetworkactivity,particularlyduetotherecentmemecoinboomandarenewedwaveofinstitutionalinvestmentinSolana-nativeblockchainapplications. Currently,Solanaistradingaroundacriticalsupportlevelof$160,havingpulledbackfromrecenthighsof$183.Thislevelissignificant,asafailuretoholdaboveitcouldpromptadeepercorrection,leadinginvestorstoquestionwhetherSOLcanstillpushtowardfreshhighsbyyear-end. ToassessSolana’sgrowthprospects,FinboldconsultedOpenAI’sChatGPT-4forprojectionsonwheretheassetmightheadbyyear-end. KeydriversfuelingSolana’smomentum Solana’sgrowthisdrivenbyseveralkeyfactors,notablyinstitutionalinvestment,increaseduserengagement,andathrivingDeFiecosystem. InQ32024,Solana-nativeapplicationsattracted$173millionacross29DApps,markinga54%risefromthepreviousquarterandthehighestinvestmentlevelsinceQ22022,accordingtoarecentMessarireport. Thissurgeunderscoresinstitutionalconfidence,furtherbolsteredbyprominentplayerslikeFranklinTempleton,whichislaunchinganSEC-compliantmoneymarketfundonSolana. Additionally,SociétéGénérale’sSG-ForgehasannouncedplanstodeployaMiCA-compliantstablecoinonthenetwork. Networkactivity,measuredbynon-votetransactionsandfeepayers,alsoremainedstronginQ32024. Forinstance,averagedailyfeepayersincreased109%quarter-over-quarterto1.9million,whilenewfeepayerssurged430%to1.3million. Solanaalsoexperiencedaresurgenceinmemecoins,withtokenslikeGoatseusMaximus(GOAT)drivingengagementandrevenue,resultingindailytransactionfeespeakingat$4millionandactiveaddressesexceeding8million. Collectively,thesedriversunderscoreSolana’srobustgrowthtrajectory,positioningitasaformidableplayerintheblockchainspace. AIpredictionforyear-end Factoringintheseelements,AI-drivenprojectionssuggestamoreconservativeyetpositivetargetrangeof$180to$190bytheendof2024. Solana’srobustgrowthininstitutionalinvestment,userengagement,andDeFiactivityhaspositioneditasaformidableplayerinthedigitalassetspace. However,ifSolanafailstomaintainthe$160support,itmayfaceadeepercorrection,challengingitsupwardmomentumandraisinginvestorconcerns. As2024progresses,Solana’sabilitytosustainitsgrowthtrajectorywillhingeonthesesupportlevelsandtheongoinginterestfrominstitutionsandusersalike. finbold.com

TelegramgameTomarkethasbeeninthespotlightforcryptogamersinrecentweekswiththebuild-uptoitsannouncedtokengenerationevent(TGE)onOctober31andsubsequentairdrop.ButafterthegamerevealedairdropallocationsonFriday,playersarestillwaitingtogettheirhandsontheactualtoken. Asplanned,TomarkettoldplayersFridayhowmanytokensthey’dearnedduringthefarmingphase,whichwasbasedonfactorssuchashowmanyin-gametomatoestheyearnedandwhetherornotthey’dpurchasedtheoptionalpremiummedalbooster. Buttheairdropstillhasn’ttechnicallytakenplace,asplayerscan’tactuallywithdrawortradetheTOMAtokenjustyet.Ifyoutapthe“Withdraw”buttonintheTelegramminiapp,Tomarkettossesupamessagethatsays:“Listingsoon…gostakeandearnmoreTOMA!” Tomarkethandedoutallocations...butyoucan\'tactuallywithdrawortradetokensyet.Image:Decrypt Inotherwords,Tomarkethasenteredanotherfarmingphaseinsteadoffullylaunchingthetoken.Furthermore,thegamestillhasn’trevealedhowmanytokensareinthetotalsupply,onlysayingthat80%ofthatunknownsupplywillbedirectedtowardstheairdrop. DecryptaskedaTomarketrepresentativefordetailsontheimpendingtokenlistingtoenabletrading,aswellasthetotaltokensupply,butdidnotimmediatelyreceivethatinfo. Amidconfusionovertheairdropandtokenlaunch,someTomarketplayershavealreadystartedgripingabouttheexpectedvalueoftheirairdropsbasedonpre-markettradingprices,echoingtheresponseseentoTelegramgameslikeHamsterKombatandXEmpire. Othershaveclaimedthattheywereincorrectlyfoundtobeineligiblefortheairdropduetoallegedcheating.Tomarket’steamsaidinaTelegrampostthattheywillreviewsuchclaims,andadjustallocationsinthecomingweekasneeded. decrypt.co

Recently,multisigscamshaveexperiencedasignificantrise.Thescammersinthesescamsexploitthevictimsbylettingthemaccesstheirwalletstotrickthetargetsintosendingtheirfundsforrecompensingtransactionfees.Inthesescams,manyofthevictimsunknowinglysharetheirkeysorseedphrasesandlosetheirfunds.However,tocomprehendtheconceptofamultisigscam,oneneedstounderstandwhatamulti-signature(multisig)walletis. WhatIsaMultisigWallet Amultisigwalletservesasawalletthatneedsmultipleprivatekeysforthevalidationofatransfer.Thisassimilatestoa2-factorauthenticationwhere2ormoresignaturesareneededtoapproveatransaction.Ausercanspecifydiverserequirementsforamultisigwallet,suchastherequirementof2outof3keysandsoon.Thisisjustlikeusingseveralkeysforavault,preventingtheopeningofthelockwithouttheothers. Peoplecommonlyusemultisigwalletsintheirbusinesscollaborations,mutualventures,anddecentralizedautonomousorganizations(DAOs).Theycanadditionallyworkinsecuringfamilyfunds.Thesewalletsenhancethesecurityandpreventthescams. WhatIsaMultisigScam? Inmultisigscams,thescammersmaketheirtargetsbelievethattheyhavecompleteaccesstotheircryptowallet.However,inreality,theydonothavefullaccess.Asapartofamultisigscam,theexploitersendsamessagetothetargetbyprovidingawalletaddressthatcontainssomefunds.Inadditiontothis,thescammeralsosharestherecoveryphraseandprivatekey,givingpartialaccesstothewallet.Bydoingthis,thescammerpretendstobeanewbiewantingtoknowabouttheworkingsofthewallet.Forthehelp,thescammeralsopromisesareward. Nonetheless,whileredeemingtherewardthevictimfacesdifficulty.Onthis,thescammertricksthevictimintosendingfundssayingthatthetransactionrequiresthatamountasafeeforcompletion.Thevictimsrealizethescamwhentheyarestillunabletowithdrawthefundsafterpayingthefee.Hence,thesescammerscapitalizeontheirvictims’greedorgoodwill.Insomecases,thetargetskeependeavoringtogettherewardandthescammerkeepsdemandingfundsintermsoffees.Oncethetargetstopssendingfunds,thescammerjustfocusesontheothervictim. WorkingonaMultisigScam MultisigscamshaveseveraltypesandtheycommonlytargettheTronnetworkbecauseoftheworkingofitsmultisigwallets.Inmorecomprehensivemultisigscams,thescammertricksthevictimsintochangingthemechanismoftheirwalletintoamultisigandmakingthescammeraco-owner.Followinggettingcontroloverthewallet,thescammercanefficientlytakeawayfunds.Therearesomecaseswherethescammersstealthefundsdirectly.Therespectivescamsresembleimpersonationfraudorphishingscamswheretheexploiterspretendtobeapartofareliableconsumersupportteam. Ontheotherhand,themostcommontypeofmultisigscamdoesnotnecessitateconsumerstoprovidetheirprivatekeysorseedphrases.Rather,itjusttricksvictimsintosendingfundsasatransactionfeetotheexploiterwhiletheytrytoobtainfundsfromthemultisigwallet.Forinstance,ascammerpresentsawalletthatincludesagreatamountofothercryptoassetsbutanegligibleamountof$TRX(thenativetokenofTron).Hence,towithdrawfunds,thevictimwillrequireenough$TRXtoredeemfundsfromtheTron-basedmultisigwallet.Nevertheless,aftersendingthefunds,theycometoknowaboutthescamastheycannotredeemfundswithoutthesignatureofthescammer. RecommendationstoPreventMultisigScams Topreventmultisigscamsaswellasothersuchfraud,theusersshouldnotsharetheirpersonalinformationwithanyone.Theyshouldalsoavoidtheuseofprivatekeysandseedphrasesbystrangers.Additionally,theyneedtostayvigilantaboutthephishingwebsitesandemails.Firstofall,theusersshouldkeepinmindthatnoneofthelegitimatecryptoexchanges,walletproviders,orentitiesaskforseedphrasesorprivatekeys.Hence,theusersshouldkeeptheminasafelocationwithoutsharingwithanyone. Additionally,theyshouldalsostayuptodateabouttheotherswhocanaccesstheirwallet.Onspottingunauthorizedsignatories,theyneedtoinstantlyremovethem.TheusersshouldalsodiscardpermissionsinthecaseofDeFiappsthattheynolongerutilize.Moreover,theusersshouldjustutilizethewalletappsandsoftwareprovidedbyofficialandtrustedsources.Severalfakecryptoexchangesandwalletsareoutthereinthemarket.Therefore,theusersshouldverifytheURLsanddouble-checktheapp’sauthenticitybeforeusingthem. Two-factorauthenticationisanothersecuritymeasure.Thisenablesanadditionalsecuritylayer,preventingunauthorizedwalletaccess.Anotherpreemptivemeasureistoutilizehardwarewalletsastheyadduptothesecurity.Asaresultofthis,evenifscammerscompromisethemultisigsetupofauser,theywouldnotbecapableofshiftingthefundswithoutphysicalconfirmationfromthehardwarewallet.Furthermore,theusersshouldstayawareofthenewtechniquesthatthescammersusetobeinagoodpositioninresponsetosuchscams. Conclusion Multisigwalletsofferadditionalsecurityforcryptotransfershoweverscammershavecomeupwithnewmethodstotrickthevictimsusingthisfeature.Stayingup-to-datecansaveusersfromphishingattempts,transactionfeetricks,andothersuchscams.Hence,usersneedtosecureprivatekeys,audittheirwalletpermissions,checkforanysuspiciouslinksbeforefundstransfer,andstayinformed. blockchainreporter.net

CraigWright,theAustraliancomputerscientistwhoclaimstobeSatoshiNakamoto,theanonymousfounderofBitcoin,isinfreshlegaltrouble.HenowfacescontemptofcourtchargesintheUK. Thechargesfollowa£911million($1.1billion)lawsuithefiledagainstSquareUpEuropeLimited,afirmownedbyJackDorsey’spaymentcompanyBlock(FormerlyknownasSquare). CraigWright’scontemptcaseandlegalbattles Wrightwasinalong-standinglitigationwithBitcoincoredevelopersregardingclaimsthatheisSatoshiNakamoto.However,theHighCourtofEnglandandWalesfoundhisclaimstobefalse. TheCryptoOpenPatentAlliance(COPA),whichBlockbelongsto,tooklegalactiontopreventWrightfromsuingBitcoindevelopersinthefuture.ThecourtplacedaninjunctiononWrighttostophimfromfilingfuturelawsuitswhereheclaimstobeSatoshi. Inthislatestcase,COPAarguesthatWright’slawsuitagainstBlockcontravenesthisinjunction. WrightattendedthecourthearingearliertodayinresponsetoCOPA’scontemptapplication.Heappearedwithoutlegalrepresentation.ThecontempthearingwasscheduledforDecember18. Therewasalsoadebateabouthisphysicalpresence.WrightarguedthatheisautisticandwouldliketoattendthehearingvirtuallyfromSingaporeduetohiscondition.Thejudgerequestedfurtherevidenceofthisconditiontobesubmittedtosubstantiatehisrequesttoattendvirtually. SatoshiNakamoto’sidentity Satoshi’sidentityhasbeencontestedsinceBitcoinwaslaunchedin2009.WrighthasbeenoneofthemostvocalvoicesclaimingtobeBitcoin’sfounder.However,ajudgeoftheHighCourtofEnglandholdsthatWrightliedextensivelyandfalsifieddocumentstosupporttheseclaims. “DrWrightpresentshimselfasanextremelycleverperson.However,inmyjudgment,heisnotnearlyascleverashethinksheis.Inbothhiswrittenevidenceandindaysoforalevidenceundercross-examination,IamentirelysatisfiedthatDrWrightliedtothecourtextensivelyandrepeatedly,”thejudgesaid. ThejudgealsomaintainsthatSatoshiwon’thavemanyissuesprovinghisidentity.However,whilethejudge’swordshintatthepotentiallegalhurdlesfutureclaimantscouldfacetosubstantiatetheirclaims,italsoimpliedlegalrepercussionsalreadypilingupagainsttheSatoshiNakamotocharacter. Followingthelegalproceeding,Wright’swebsitenowfeaturesalegalnoticeemphaticallystatingthatDr.CraigStevenWrightisnotSatoshiNakamoto. InOctober2024,HBOreleasedadocumentarythatpurportedlyunmaskedSatoshiasPeterTodd,aCanadianscientist.TodddeniedtheseclaimsandhasexpressedconcernsaboutharassmentandharmfrompeoplewhobelieveheisSatoshi. IntheeventthatSatoshi’sidentityisrevealed,itcouldhaveprofoundlegalimplications.InAugust2023,theUnitedStateschargedthefoundersofTornadoCash,acryptomixingservice,withmoneylaundering.Asthefoundationofafinancialsystemthatoperatesoutsidetraditionalregulations,Bitcoincouldalsobeimplicatedinhelpingtocreateandfacilitatetheseillicittransactions. Wright’slegaltroublesalsoshowtheremightbesubstantiallegalimplicationsforindividualsclaimingtobeSatoshiNakamoto.IftheymakefalseclaimslikeWright,thecourt’srulingalreadyshowstheremaybeconsequencesformisleadingpeopleaboutBitcoin’sorigins. ThiscasealsoraisesquestionsabouthowlegalsystemsmightaddressfutureclaimantstoBitcoin’slegacy.TheinjunctionagainstWrightdemonstratesthatlegalinstitutionscanpreventdubiousclaimsfromattemptingtomonopolizeorleverageBitcoin’soriginforpersonalgain. cryptopolitan.com

It’sbeenanotherbusyweekincrypto:DonaldTrump’sWorldLibertyFinancial(WLFI)isplanningtolaunchastablecoin,BlackRock’sspotBitcoinETFhit$30billioninassetsin293days,ex-FTXexecutiveNishadSinghavoidedprison,andImmutablereceivedaWellsnoticefromtheSEC. Let’stakeacloserlookattheseandgiveyouarecaponwhathappenedthisweekincrypto. DonaldTrump’sWorldLibertyFinancialisplanningtolaunchastablecoin WiththeUSelectiondrawingcloser,DonaldTrump’sWorldLibertyFinancialprojectplansonenteringthecryptomarketbylinkingastablecointotheUSdollar. Thenewsofthiscomesastheprojectraised$14millionininitialfunding;however,despiteintentionstocapitalizeonthegrowingdemandforstablecoins,theprojectsawlimitedsuccess,fallingshortofits$300milliontokensale. Ontopofthat,shortlyafterthesalewentlive,theplatform’swebsitecrashedandeventhough100,000peoplesignedup,only6,832uniquewalletsholdWLFItokens,accordingtoEtherscan. Withonlyafewdaysuntilelectionday,ifTrumpdoesbecometheUSPresidentagain,hewouldholdsignificantinfluenceovertheregulatoryenvironmentsurroundingstablecoins,whichcouldbeapivotalmoveforthefutureofWLFI. BlackRock’sspotBitcoinETFhit$30billioninassets BlackRock’sspotBitcoinexchange-tradedfund(ETF)hassetanewrecord,reaching$30billioninassetsin293days.Bydoingso,itsurpassesgold,whichdiditin1,790daysandJPMorganEquityPremiumIncomeETF($JEPI),whichdiditin1,272days. BlackRockholdsmorethan433,000Bitcoin,valuedat$30.5billion,accordingtoiSharesdata. ThemilestonefromBlackRockcomes10monthsafterthecompanylauncheditsspotBitcoinETFinJanuary.Then,itwasreportedthatBlackRockhadtraded$7.5millioninshareswithinthefirst10minutesoflaunching. WiththecombinedspotBitcoinETFs,theynowhaveoveronemillioninBitcoinholdingsandcouldsoonpassSatoshiNakamoto’swallet,whichholds1.1Bitcoin. 12,000btcadaykeepsthedoctorawaylol.Atthisratethey’llpassSatoshiinlessthantwoweeks.Althotheycan’tkeepupthisJoeyChestnut-levelpace,canthey?https://t.co/dLVNsjMlxK —EricBalchunas(@EricBalchunas)October31,2024 Ex-FTXexecutiveNishadSinghavoidsprison Earlierthisweek,NishadSingh,theformerengineeringdirectorofcryptoexchangeFTX,wassentencedtotimeservedandthreeyearsofsupervisedreleaseinafederalcourtinNewYork. JudgeLewisKaplansaid,“thismayhavebeenoneofthebiggestcrimesinAmericanhistory.”KaplanalsonotedthatSingh’sinvolvementappearedlimitedcomparedtoFTX’sfounderSamBankman-FriedandformerAlamedaResearchCEOCarolineEllison. Dueto“substantialassistance”fromSingh,hislawyersarguedforalenientsentence.Bankman-Friedwassentencedto25yearsinprisonandEllisonisexpectedtosurrenderbyNovember7andwassentencedto24monthsinprison. AsthecrackdownonFTXexecutivescontinues,Singhisthefourthformerexecutivetoreceivesentencing,withco-founderGaryWangsettofacethecourtonNovember20. ImmutablereceivesaWellsnoticefromtheSEC BlockchaingamingplatformImmutablehasbecomethelatesttoreceiveaWellsnoticefromtheUSSecuritiesandExchangeCommission(SEC),allegingsecuritieslawsviolations. AccordingtoImmutable,nothingwasspecifiedinthenotice;however,itbelievesits“claimsaretargetingthelistingandprivatesalesofIMXin2021.”ImmutablehassaidtheyareconfidentthattheIMXtokenisnotasecurity. ImmutablesaidtheWellsnoticebeforetheUSelectionillustrateswhythe“industryissoskepticalofanyattemptsfromthisSECtoargueitisattemptingtoprovideclarity.” “PriortotheissuanceofaWellsnotice,thereareoftenmultiplemonthsofinterviewsandconversationsbetweencompanycounselandtheSEC,sotheSECcanfullyunderstandthesituation,”Immutableadded.“Instead,inourveryfirstinteractionwiththeSEC,weweretoldaWellsnoticewouldbeissuedtothecompanywithintheweek.Wethenreceiveditwithinhours.” ImmutablejoinsalistofcompaniesinthecryptoindustrythathavefacedorarefacinglawsuitsagainsttheSEC.OthercryptoorganizationsthathavereceivedaWellsnoticefromtheSECincludeCoinbase,Crypto.com,andOpenSea. coinjournal.net

Mt.Goxmoved500BTC,worth$35.04M,tounmarkedaddresses,sparkingspeculationofpossiblecreditorrepaymentormarketsell-off. Bitcoinpricedropped4%afterMt.Gox’stransfer,raisingmarketconcernsoverpotentialimpactsifmoreassetsaremovedorsold. Mt.Gox’srecenttransferfollowsacreditorpaymentdeadlineextensiontoOctober2025,thoughnoofficialstatementclarifiesthisaction’sintent. BitcoinexchangeMt.Goxtransferred500BTC,valuedatapproximately$35.04million,totwounmarkedaddressesinamovethathasquicklystirredconcernsamonginvestorsandcreditors.DatafromArkhamIntelligencerevealedthetransfer,splittingitintotwoseparateportions:onetransactionsent31.78BTC,whilethelargertransfer,totaling468.24BTC,wasmovedtoadifferentaddress. Thismove,madewithoutanyaccompanyingexplanationfromMt.Goxrepresentativesoritsbankruptcytrustees,hasintensifiedspeculationaboutitsimplications. MtGoxhasalargeamountofmovement.At8:42UTC+8today,MtGoxtransferred500BTC(worthabout$35.04m)totwounmarkedaddresses,31.78BTCtobc1qn2…qqn94sand468.24BTCto12cTjQ…2C4mMJ,andthen12cTjQ…2C4mMJmadefurtherdistributions.https://t.co/92aLLJgKWP —WuBlockchain(@WuBlockchain)November1,2024 MarketResponsetotheSuddenMovementofFunds Consequently,followingthe500BTCtransfer,Bitcoin’svaluesawanimmediate4%decline.Thisdrophasraisedquestionsaboutwhethertheactivitymightleadtofurthersell-offs,potentiallyimpactingBitcoin’soverallmarketstability.Mt.Gox,oncethelargestcryptocurrencyexchange,becamenotoriousin2014whenitcollapsedfollowingthetheftof850,000BTC. Sincethen,eachmovementofBitcoinlinkedtotheexchangetriggersbothhopeforreimbursementamongcreditorsandconcernsovermarketturbulence.Foryears,creditorshavebeenwaitingforresolution,asMt.Gox’strusteehasnavigatedcomplexbankruptcyproceedings. Recently,thetrusteeextendedthepaymentdeadlineforcreditorstoOctober2025.Despitethis,thelackoftransparencysurroundingthislatesttransactionhasaddedpressureonthemarket.Largetransfers,especiallyfromhigh-profileentitieslikeMt.Goxtendstoheightenmarketvolatilityduetothepotentialforsignificantsell-offs. ImplicationsforCreditorsAwaitingRepayment Furthermore,therecenttransferhasbroughtattentiontoMt.Gox’songoingrehabilitationplan,whichaimstorepaycreditorswholostfundsin2014.Someanalystsbelievethistransfermightbepartoftherepaymentprocess,possiblypreparingassetsfordistribution. However,withoutconfirmation,itremainsspeculative.Overtheyears,creditorshavewitnessedmultipledelaysandannouncements,witheachmovementhintingatpotentialreimbursementyetlackingofficialfollow-through. Nevertheless,sinceMt.Gox’sfallfromprominence,anymovementofitsBitcoinreservescreatesauniquemixofanticipationandapprehension.Creditorsremainhopefulforafairpayout,yetmarketobserversremaincautiousaboutthepotentialpriceimpactonBitcoin. Currently,tradingataround$69,489,Bitcoinreflectsa4.3%decreaseoverthepastday.SuchpriceshiftsarenotuncommonfollowinglargeBitcointransfers,butMt.Gox’sreputationandrecenthistorymakeeachmovementparticularlynotable. BroaderMarketImpactandFutureConsiderations Moreover,asMt.Goxproceedswithitsslowrehabilitationplan,thebroadercryptocurrencymarketkeepsacloseeyeonitsactions.TheBitcoinmarkethaswitnessedarecentbullishtrend,reachinghighsnear$73,000afterconsolidatinginthe$58,000to$67,000rangeforseveralweeks.Despitethesegains,themarketremainssusceptibletosuddendeclineswhenlargevolumesmoveunexpectedly. Therefore,withtherecentdeadlineextensionforcreditorpayments,questionslingeroverthetimingandnatureoffutureassetdistributions.Thelackofofficialstatementshasleftinvestorsandcreditorsspeculating.Besidessignalingpossibleprogressinrepayments,thetransfer’sunannouncednaturehighlightsongoingtransparencyissues,whichonlydeepenconcernsoverfuturemarketimpacts. cryptonewsland.com

AlgorandhasrecentlysignedarevolutionarydealwithWorldChesstorevolutionizethechessindustrybyincorporatingblockchainsolutions.Sincethebeginningofthepartnership,thisalliancehasprovidedfantasticresults,withdailytransactionsof200,000andover211milliontransactionssinceJune2020.ThisisnotonlyatriumphforAlgorandbutalsoshowcaseshowblockchaintechnologycanfurtheraugmentdigitalecosystemsforpeopleworldwidewithseamlessandsecurefinancialinteractions. Algorand’spartnershipwith@theworldchessdrives200,000transactionsperdayandhasdrivenover211milliontransactionssinceJune2020📈 ButwhatisthepartnershipwithWorldChessallabout,andhowwillitleadtomassadoption?♟️pic.twitter.com/xiChiJNGy8 —AlgorandFoundation(@AlgoFoundation)November1,2024 AlgorandIsRevolutionizingChessRatings Throughthispartnership,itisnotedthatoneofitsadvantagesistheimprovementofthechessratings.WorldChess,asitecreatedforplayingwithover800,000usersandarrangingapproximately20,000gamesdaily,highlightedtheimportanceofreliableandprovableratingsandtitles.TheinnovationofAlgorand’sblockchainguaranteesthattheratingsarepreservedandupdatedinreal-timeontheofficialwebpageofFIDEOnlineArena,thecenterforchessratingsandtitles.Inthismanner,Algoranddeliverstochessplayersthesupplychain,properratings,andvalidresults. Fraudanddiscrepanciesinchessratingshavebeenaproblemformanyyears,andblockchaintechnologyhasbeenpresentedasasolution.Usingthesimplifiedsystemofverifying,tracking,andsecuringdata,theplayersofAlgorandgetanenvironmentinwhichtheycanbeconfidentintheauthenticityoftheirperformance.Thisincreasesthecredibilityoftheratingsystemsothatnoplayerisleftout,andtheireffortsandperformancearerewarded. DrivingMassAdoptionWithoutComplexity TheinteractionbetweenAlgorandandWorldChessmanifestsitselfthroughitsuserinterface,whichisoneofthedistinctivefeaturesofthisproject.Whileblockchainisgenerallydifficulttounderstand,Algorand’stechnologyiseasytointegrateanduse,satisfyingthechessplayerswithoutgoingthroughthebasicsofblockchain.Thissimplicityisthegatewayformoreparticipantstocomeintocontactwithblockchainadvantagessuchasincreasedsecurityandotherswithoutdelvingintothesmalldetails. AGlimpseintoBlockchain’sFutureinWeb3 Algorand’scooperationwithWorldChessispartofabroadervisionofblockchaininWeb3,thethirdgenerationoftheinternet.Sincetheadoptionofblockchaintechnologyisslowlyandgraduallyenteringtraditionalinternetactivities,userswilllikelyexperiencehighersecurityandtransparencyacrosstheseplatforms.Withthehelpofsuchunderlyingarchitecture,Web3isseamlesslyintegratedintousers’dailyroutines,engagingindecentralizedandtransparentprocessesacrossvariousfields,notlimitedtofinance. FinalThought ThroughWorldChess,Algorandcontributestoapopularsportandisalsoinvolvedinusingblockchaineffectivelyfornewdevelopmentsthatwillcontributetoitswideradoption.WhilechessplayersuseAlgorand’ssystemglobally,thefirmisanexampleofotherindustriesthatembraceblockchainfordataprotectionandsmoothlyenhancetransparency. blockchainreporter.net

TheBNBFoundationhasjustconcludedits29thquarterlytokenburnwheremorethan1.7millionBNBwasburned,equatingto$1.07billion,likelyimpactingtheBNBprice. Thisevent,scheduledforNovember1,2024,isanothersteptowarddecreasingthenumberofBNBincirculation.Thiswouldincreaseitsscarcityand,asaresult,itsprice.TheBNBburncomprisedthetraditionalAuto-BurnmechanismandanadditionalburnviathePioneerBurnProgram. BreakdownofThe29thQuarterlyBNBBurn Thisquarter’sburnhaseliminated1,772,712.363BNBtokensintotal.Theprocesswasdividedintotwoparts.1,710,142.733BNBburnedviatheAuto-Burnmechanism,and62,569.63BNBburnedviathePioneerBurnProgram. ThePioneerProgramfocusesonreturningfundstotheuserswhosenttokenstothewrongaddressesandhavenotreceivedthembackontheBinanceSmartChain(BSC).Consequently,throughincludingthese“lost”tokensinthequarterlyburn,theFoundationalsowantstohelptheaffectedusersanddecreasethetotalsupplyofBNBevenmore. TheBNBFoundationannouncedthecompletionofthe29thquarterlyBNBburning,withatotalautomaticburningof1772712.363BNB,worthapproximately$1.07billion.Thisquarter\'sburningandfutureburningwillbecarriedoutdirectlyonBSC,andthecorrespondingamountofBNB… —WuBlockchain(@WuBlockchain)November1,2024 Thetotalvalueoftheburnwasestimatedtobeabout$1.07billionusingtoday’smarketprices.Followingthisburn,thereare144,099,981.1tokensofBNBleft,withmorethan43.5millionBNBexpectedtobeburnedinthefuture. TheseplannedburnsaretodecreaseBNB’ssupplyinaconsistentmanner.Yet,itwouldalsobeinlinewithBNB’smissiontohaveatotalof100milliontokens. BNBPriceUnaffectedbytheRecentBurn However,thislatestburnhasbeenofalargemagnitude,andyetBNB’smarketpricehasnotbeenaffectedmuch.Asofpresstime,BNBpricewastradingat$577,a1.28%declinefromtheintra-dayhighof$588. TheBNBpricehadrocketedtoathree-monthhighof$615.50lastmonth.ThisispartlyduetothepositivesentimentthatemergedafterthereleaseofBinance’sformerCEO,ChangpengZhao. Nonetheless,BNBhasbeenunabletocloseapriceabovethe$610resistancelevel.Ithasbeenrejectedseveraltimesasitseekstofindsupport. Inaddition,themarketmoodtowardsBNBwassomewhatpositivelyinfluencedbyChangpengZhao’srecentappearanceattheBlockchainWeekeventinDubai.Hesharedhisstoriesandplansaftergettingoutofprison. Zhaodidnotelaborateonhisforecastonthefutureofthemarkets.Yetheremainedpositiveonthefutureofcrypto. TechnicalIndicatorsPointtoPotentialBreakout ApotentialInverseHeadandShouldersformationcanbeseenonthechartofBNB.Itisabullishreversalpatternonthechart. Thispatternincludesthreetroughs,withthelowest(the“head”)around$440andthetwohigher“shoulders”aroundthe$500level.Aresistanceline,or“neckline,”hasformednearthe$575-$580range,whichcouldactasabreakoutpoint. BNB/USD1-daypricechart(source:TradingView) Concurrently,theRelativeStrengthIndex(RSI)andAverageDirectionalIndex(ADX)suggestaweaktrend.Thisisindicatingthatthetokenmaytradeinanarrowrangefornow. TheRSIsitsneartheneutrallevel,whiletheADXreadingof11pointstoalackofstrongdirectionalmomentum.IfBNBmanagestobreakthroughthisneckline,technicalanalysissuggestsapossibleupsidetargetnear$720. Thesaidpriceleveliscalculatedbyaddingthepattern’sheighttothebreakoutpoint.However,forthisbullishscenariotomaterialize,BNBwouldneedstrongerbuyingmomentumandaconfirmedbreakoutabovethecurrentresistancelevel. thecoinrepublic.com

BullishsentimenthasintensifiedinEthereumfutures,withpositivefundingratespointingtooptimisminETH’spricepotential. Thefundingratemetricinfuturesmarketsreflectsbuyeraggression,wherepositivevaluesindicatebullishsentimentandnegativevaluessuggestbearishness. Recently,ETHfundingratesturnedpositive,showingashifttowardoptimism.Althoughtherateshaveyettoreachlevelsseenduringpreviousstrongrallies,thetrendsuggestsincreasingconfidenceinEthereum’spotentialforarally. Source:CryptoQuant ForEthereumtoovercomesignificantresistancelevels,fundingratesneedtoclimbhigher.Risingrateswouldindicatestrongerbuyinginterestfromfuturestraders,addingupwardpressuretoETH’sprice. Ifthistrendcontinues,higherfundingratescouldsignalconfidence,raisingthelikelihoodofasustainedpricebreakout. SuchpositivesentimentcoulddriveETH’spricehigherifitalignswithbroaderbullishtrendsinthecryptocurrencymarket. ETH’sGainsRemainVulnerableDespiteBullishDivergence Whilebullishsentimentgrows,Ethereum’spriceremainsvulnerabletoreversals.HistoricaldatashowsETHoftenstrugglestoholdgains,indicatingvolatility. IfETHcontinuestomakelowerlows,thisbullishdivergencemightlosecredibility,weakeningitsmomentumagainstBitcoin(BTC).FurthereconomicdatacouldimpactETH’spricemovement,makingcautionnecessary. Lowerlowsmightindicatemarketinstability,suggestinginvestorsshouldlookforsignsofreversalbeforeassuminganysustaineduptrend. Source:TradingView Atcurrentlevels,ETHshowsweaknessagainstBTC,witheachbouncequicklyreversing.ThepriceactionreflectsapatternwhereETHstrugglestomaintainsupport,leadingtolowerpricepoints. IfETHreachesanewlowaroundthe0.031BTClevel,itcouldopennewbuyingopportunities.InvestorsshouldwatchforchangesinmomentumasETH’spricemightfindsupportinthisarea. Patiencecouldrevealagoodbuyingwindow,especiallyasETHcouldregainstrengthclosertoearly2025. BondYieldsandEconomicFactorsShapeEthereum’sPath U.S.2-yeargovernmentbondyieldsrecentlyshowedabearishdivergence,trendingdownwardafterreachingapeak.Loweryieldsgenerallypointtoslowingeconomicgrowthandapotentialshiftininterestratepolicies. Asyieldsdrop,fixed-incomeinvestmentsbecomelessappealing,whichmaydriveinvestorstowardhigher-riskassetslikeEthereum.ThisenvironmentcouldcreatefavorableconditionsforETH,asinvestorsseekbetterreturnsinriskiermarkets. Ifbondyieldscontinuetheirdownwardtrend,Ethereumcouldseehigherdemand.FallingyieldscouldalsohintatadovishstancefromtheFederalReserve,possiblyslowingdownorpausingratehikes. Source:TradingView Suchashiftwouldlikelyincreaseliquidity,benefitingrisk-onassetslikeETH.However,thistrendcomeswiththeriskofshort-termvolatility,asshiftingeconomicconditionsmightleadinvestorstoseeksafe-havenassets. ETH’spricewouldremainsensitivetomacroeconomicindicatorsandbroaderliquiditytrends. What’sNext? Ethereum’spathtosustainedpricegrowthreliesonafewkeyfactors.Positivefundingratessignalgrowingconfidence,butETHneedsstrongermomentumtobreakpastresistance. However,ETH’svulnerabilityagainstBTCindicatescaution,asanyeconomicuncertaintiescoulddisruptthispositiveoutlook. Fornow,Ethereum’spricetrajectorydependsonbothinvestorsentimentandeconomicdata.ThepotentialdeclineinbondyieldscouldboostETHdemand,butvolatilityriskspersist. Investorsshouldkeepaneyeonfundingratesandkeyeconomictrends,asthesefactorswouldguideETH’spricemovementinthecomingmonths. thecoinrepublic.com

OnNovember1,21SharesfiledanS-1registrationformwiththeSecuritiesandExchangesCommissionforaspotXRPETF.Iftheregulatorapprovesthefiling,thecompanywillestablishits21SharesCoreXRPTrust,listedontheCboeBZXExchange,andCoinbaseCustodyTrustCompany,itscustodian. 21SharesJoinsCanaryCapitalandBitwiseinfilingforaspotXRPtrust 21SharessubmittedaregistrationformtotheUSregulatorforaspotXRPtrust,joiningmultiplecompanieslikeCanaryCapitalandBitwise,hopingtogettheirfillingsapproved. AspokespersonatthecompanycommentedontheXRPtrustfiling: 21SharesremainscommittedtoworkingtowardsexpandingUSinvestoraccesstothecryptocurrencyassetclass,andwelookforwardtodrivinginnovationintheUS. ~Spokespersonat21Shares However,the21SharesregistrationrequestcomesasRippleisstillentangledinalegalconfrontationwiththeSEC.Theirlegalbattlestartedwhentheregulatorallegedthatthecompanyraisedover$1.3billionthroughtheunlawfulsaleofXRP,whichithadthenconsideredanunregisteredsecurity. Aboutayearago,JudgeAnalisaTorresoftheU.S.DistrictCourtfortheSouthernDistrictofNewYorkruledinfavorofRipple,deemingtheprogrammaticsaleofXRPlawfulandanon-violationofthesecuritieslaw.However,shedidclassifydirectsalestoinstitutionalinvestorsassecurities,andinAugust,shesettledonacivilpenaltyof$125millionforRipple. Currently,bothpartiesareappealingpartsofherdecisiondespiteBradGarlinghouse,CEOofRipple,callingoutthecommissionforbeingirrational,sayingitshouldhaveleftthecaselongago. Moreover,GarlinghousehasbeenonrecordsayingthataspotXRPETFis‘inevitable’. 21ShareshasfiledformultipleETFapprovalssincetheyear’sstart TheassetmanagementfirmreceivedthegreenlightfromtheUSCommissiontoissueitsspotBitcoinETF,ARK21SharesBitcoinETF,whichwasapprovedinJanuaryafteralonglegalbattle. InJune,thefirmfiledanotherregistrationformforanexchange-tradedfundtiedtotheSolanatoken.AsofAugust26,2024,21ShareswasstilllistedontheSEC’sEDGARdatabaseforitsapplication.However,itsCboe19b-4formhadbeenrejected.Thismeansthatthefirmmayneedtorefileitsrequestoramendits19b-4formstogainapprovalfromthecommission. cryptopolitan.com