Category: AI

Immutable,aprominentplayerinEthereumgaming,facesSECscrutinyoverallegedviolationstiedtoitsIMXtoken,raisingconcernsaboutregulatoryoverreach. TheWellsnoticeservedtoImmutablemarksasignificantmoveastheSECextendsitsreachintothegamingsector,previouslyfocusedpredominantlyontradingplatforms. “Thenoticecitedstatutoryprovisionswithlimitedmeaningfuldetail,”statedanImmutablespokesperson,emphasizingtheirconfidenceinthecomplianceoftheiroperations. ImmutablefacesSECscrutinyoveritsIMXtoken,raisingconcernsofregulatoryoverreachinthecryptogamingsectoramidstongoingenforcementactions. SECIssuesWellsNoticetoImmutable:ANewFrontinCryptoRegulation Inanotabledevelopment,theUnitedStatesSecuritiesandExchangeCommission(SEC)hasissuedaWellsnoticetoImmutable,thecompanybehindtheEthereum-basedgamingplatform,signalingpotentialenforcementactionoverallegedsecuritiesviolations.AccordingtoaspokespersonfromImmutable,thenoticearrivedalongsidealettertoCEOJamesFerguson,detailingconcernsabouttheirIMXtokenmanagementandsalespracticesfrom2021. WhiletheSEC’scommunicationlacksspecificallegations,Immutablesuggeststhescrutinystemsfromtheirinitialfundraisingefforts,claimingtohaveraisedatleast$12.5millionfollowingtheirtoken’slaunchonCoinList.Thishasfueledfearsofanevolvingregulatorylandscapeimpactingnotjustcryptocurrencyexchangesbutextendingdeeplyintothegamingsector. AllegationsofMisrepresentationandRegulatoryOverreach AstheSECscrutinizesImmutable,accusationshavesurfacedregardingthecompany’stransparencyrelatedtoitstoken’sbacking.Specifically,theSECallegesthatImmutablemayhavemademisrepresentationsregardingapre-launchinvestmentpurportedlyinvolvingHuobiVentures,whichtheSECclaimsdidnotmaterializeasadvertised.Thisscenariomarksapivotalmoment,asitisthefirstknowncasewhereintheSEChasdirectlytargetedacryptogamingcompany. ImmutablemaintainsthattheSEC’sassertionmerelyreflectsanoverreach,stating,“DespitetheSECindiscriminatelyclaimingthattokensacrosstheindustryaresecurities,weareconfidenttheIMXtokenisnot.”Thisstanceunderlinestheongoingdebatewithinthecryptocommunityregardingtheclassificationofdigitalassetsassecurities. en.coinotag.com

EthereumgamingstartupImmutablehasreceivedaWellsnoticefromtheUSSecuritiesandExchangeCommission(SEC).ImmutablecomplainedtheSECwasdeliberatelyroughtocryptostartups,despitelittleevidenceofharm. Immutable(IMX)wasoneofthetopgaming-orientedprojectsduringthe2021play-to-earnboom.TheprojectcombinedanNFTmarketplaceandanL2scalingsolutionforthird-partygamedevelopers. ThelaunchofImmutablehappenedduringanoptimisticperiodinthecryptomarket.Theprojectmanagedtoraise$320Minapresale,ofwhichmorethan14%ofIMXtokenswenttothepublic.ThiswasthepointofcontentionthattheSECtargeted,accusingImmutableofplacinganunregisteredsecurity. TheUSSECcontactedImmutableforaconversationandimmediatelyissuedtheWellsnotice.Immutablenowfacesactionaftergettingachanceforapublicresponse.ThenoticemayprecedealawsuitbutdoesnotguaranteethenextactionsoftheSEC. ImmutablehasreceivedaWellsnoticefromtheSEC,thelatestintheirdefactopolicyofregulationbyenforcement.Wereceivedthiswithinhoursofourfirsteverconversation,onatimelineclearlyacceleratedtolandbeforeanelection. Sadly,storieslikethisarebecoming… —Immutable(@Immutable)October31,2024 FollowingthenewsoftheWellsnotice,IMXtokensslidfrom$1.37to$1.22,fallingtoaone-monthlow.However,theSECinvestigationalsotriggeredarenewalinopeninterest.ForIMX,openinterestralliedfromlowsof$22Mupto$27Mwithinafewhours.IMXisseenasariskyproposition,thoughalsoasanopportunitytoquicklyrecoverfromitslows. IMXisrepresentedonmostmajorexchanges,includingBinanceandCoinbase.Sofar,Wellsnoticeshavenotledtodelistingsforotherprojects,withtheexceptionofXRP,whichwasdelistedfromBinanceforayear. ImmutableclaimstheSECisusingaggressiveenforcement ImmutablehasencounteredtheSEC’sapproachoftargetinghigh-profileon-chainprojectswithadirectattempttolevyfinesorcauseprotracted,expensivelawsuits.TheSEChastargetedindustryleaderslikeCoinbase,Crypto.com,andUniswap. OtherprojectsaffectedbySEC’sapproachofdirectactionincludeConsensys,Ripple,andOpenSea. TheWellsnoticessuggesttheSEChasdiscoveredinfarctionsintheproject’sactivities,withthepossibilityoflaunchingalawsuit.ImmutablenotedthattheSECdidnotgivematerialexplanationsonitsfindingsorwhichaspectoftheproject’sbusinesstriggeredtheinvestigation.TheteamsuggestedtheSECmaybeonageneralwaragainstcryptoprojects,evenwithoutspecificregulatoryfindings. Immutabletargetedbasedonsecuritieslaw TheSEChastargetedImmutablebasedonsecuritieslaw,mostprobablybecauseofitsprivateandpublicplacementin2022,followedbyexchangelistings.AccordingtoImmutable,theSEC’sallegationsofsellingunregisteredsecuritiesarevague. Despitethis,thecaseofRipplehasshownthattheSECcankeepupthefightforyears,preventingprojectsfrominnovatingandtappingliquidity. Immutablestateditisreadytobecompliant,butisagainstaggressiveenforcementwithnoclearmeanstoamendthebusinessmodel.Instead,theSEChaslaunchedexpensiveandprotractedlawsuitsagainstmultipleprojects.TheSEChasevenlostsomeofthelawsuits,thoughnotwithoutcausingdelaysfortheprojects. Immutablebecameastapleinthegamingspace,drawingingameslikeGodsUnchained,Etherbots,andGuildofGuardians.TheplatformitselfworkedasanL2,aimingforwideadoption.Theprojectiswell-fundedandcancontinuetoinnovateasinterestinWeb3projectsreturns. IMXtokenscanalsobestaked,inexchangeforrewardscomingfromtheecosystemdevelopmentfund.IMXtokensare78%unlocked,gettingclosertotheirfairvalue.TheplatformdoesnotcarryaDeFispaceandonlylocksaround$24.51Minliquidity. TheL2solutiondoesnotbehavelikeotherchainsaimingtotapEthereumliquidity.Instead,Immutableaimstogiveafast,scalablenetworkforgaming.Immutableisalsoworkingonazero-knowledgesolutionandhasachievedpartialdecentralization.AccordingtoL2Beat,Immutablehasachievedthreeofthefivemilestonesforzero-knowledgechains. Immutablecarriesdozensofgamesandapps,thoughsomeofthemhavelimitedon-chainactivity.GodsUnchainedremainsthetopapp,mixingNFTandcompetition.ImmutablealsocarriesIlluvium(ILV),oneofthehigh-profile3Dgames.Thenoticearrivesatatimewhenon-chaingamingattemptstomakeareturn,thistimeinamoresustainablewaycomparedto2021. cryptopolitan.com

Immutable,aleadingblockchaingamingplatform,isfacingpotentialenforcementactionfromtheU.S.SecuritiesandExchangeCommission(SEC)overallegedviolationsofsecuritieslaws. TheSECissuedaWellsnoticeshortlyafterImmutable’sfirstmeetingwiththeagency,highlightingconcernsovertheirIMXtoken’s2021sales. “Weareconfidentinourposition,inthevaluedigitalownershipcanbringto3.1billiongamersacrosstheworld,”Immutablestated,indicatingitsdeterminationtocontesttheallegations. ImmutablefacesSEC’sWellsnoticeoverallegedsecuritiesviolationsrelatedtotheIMXtoken;thefirmvowstodefenditspositionvigorously. ImmutableFacesSECScrutinyOverIMXTokenSales BlockchaingamingplatformImmutablehascomeundertheSEC’sradarafteritreceivedaWellsnotice,indicatingtheagencymaypursueenforcementactionsduetopotentialbreachesofsecuritiesregulations.TheSEC’scommunicationarrivedshortlyafterImmutable’sinitialinteractionswiththeregulatorybody,raisingquestionsaboutthethoroughnessoftheinvestigativeprocess.Typically,aWellsnoticefollowsextensivedialoguebetweentheSECandcompanyrepresentatives,allowingtimefortheagencytogatherallrelevantfactsbeforemakingsuchdeterminations.Immutable’sswiftreceiptofthenoticesuggestsaburgeoningurgencysurroundingtheSEC’sapproachtodigitalassets. BackgroundontheWellsNotice AWellsnoticeservesasaformalcommunicationtoacompanyindicatingthattheSECstaffbelievestherearegroundsforanenforcementaction.InImmutable’scase,thenoticepotentiallyrelatestothecompany’sIMXtokensalesinbothpubliclistingsandprivatetransactionsexecutedin2021.Immutableexpressedconcernsoverthesparsedetailsprovidedinthenotice,emphasizingitscommitmenttotransparencyanddetaileddefenseagainsttheseclaims. IndustryResponsetoRegulatoryActions Immutableisnotaloneinfacingscrutiny;manycryptofirmshavereceivedsimilarWellsnoticesfromtheSECrecently.NotablecompanieslikeRobinhoodCrypto,Crypto.com,andOpenSeahavealsobeentargeted,indicatingabroaderregulatoryclampdownonthecryptocurrencyindustry.SECChairGaryGenslerhasmadeitclearthatallcryptocurrencyentitiesneedtoregisterwiththeagencyandadheretoestablishedrules,whichhearguesarecrucialforensuringinvestorprotection. ChallengesofComplianceintheCryptoSpace Manycompanieswithinthecryptocurrencymarketarguethatexistingregulationsaremoresuitablefortraditionalfinancialentities,thuscomplicatingcompliancefordigitalassetfirms.Immutablereiterateditsstance,insistingthatitsIMXtokenshouldnotbeclassifiedasasecurity.Inanofficialpost,Immutablestated,“Ifrequired,wewillfightfortheserights,andthoseofourindustry,vigorously.”Thisstatementunderscoresthefirm’sconfidenceininteractingwithregulatorybodiesandhighlightstheongoingdebatewithintheindustryregardingtheclassificationofdigitalassets. en.coinotag.com

Asgeopoliticaltensionsandeconomicuncertaintiesrise,bothBitcoinandgoldareemergingasstronginvestmenthavens,accordingtoJPMorgananalysts. Therecentsurgeingoldprices,pairedwithBitcoin’srecoverytowardsitsall-timehigh,reflectsgrowinginvestorinterestamidpotentialmarketvolatility. “RisinggeopoliticaltensionsandthecomingU.S.electionarelikelytoreinforcewhatsomeinvestorscallthe‘debasementtrade’thusfavoringbothgoldandBitcoin,”theJPMorganreportstated. Withgeopoliticaltensionsescalating,Bitcoinandgoldarepoisedforsignificantgains,highlightingthegrowinginterestintheseassetsassafehavens. TheImpactofGeopoliticalUncertaintyonBitcoinandGoldPrices InarecentreportfromJPMorgan,analystsforecastastrongcorrelationbetweenrisinggeopoliticaltensionsandtheincreasingappealofBitcoinandgoldassafe-havenassets.Asglobaluncertaintiesmount—particularlywiththeupcomingU.S.presidentialelection—thepotentialfora“debasementtrade”signifiesthatinvestorsmaylooktohedgeagainstpotentialcurrencydevaluation.Thissentimentisechoedbyavarietyoffinancialexpertswhoseebothcommoditiesgainingtractionasviablealternativestofiatcurrencies. Understandingthe“DebasementTrade” The“debasementtrade”conceptinvolvesinvestorsseekingprotectionagainstthedepreciationofcurrencies,especiallyintimesofeconomicinstability.Asreported,aTrumpvictorynextweekmayintensifymarketfearssurroundingtradetariffsandinflationarypressures,drivinginvestorstowardbothgoldandBitcoin.BlackRock,arenownedassetmanager,hasalsorecognizedBitcoinasacompellingoption,positioningitalongsidegoldinprofitstrategydiscussions. Bitcoin’sResilienceAmidMarketShifts Currentlytradingatapproximately$70,114,Bitcoinstandsjust5%belowitsMarchall-timehigh,signalingstronginvestorconfidence.Asanalystspointout,theincreasingadoptionofBitcoinasdigitalgold—notablyendorsedbyDonaldTrumpafterpreviouslydistancedrhetoric—illustratesasignificantshiftinperspectiveaboutcryptocurrency’sroleininvestmentportfolios. MarketSentimentandFutureOutlook TheupcomingU.S.electionisprojectedtosteermarketsentimentfurther,withTrump’sfocusonBitcoinminingintheU.S.addingalayerofoptimismtothecryptocurrencyecosystem.Notjustholdingstatusasaspeculativeasset,Bitcoin’sintegrationintomainstreamfinancialdiscourseasahedgeagainsttraditionalmarketrisksisbecomingmorecommonplace.InvestorsareencouragedtostayinformedwithplatformslikeCoinGecko,whichprovideupdatedmarketdataandtrends. en.coinotag.com

TheSEChasissuedaWellsnoticetoblockchaingamingplatformImmutableinwhathasbecomeawidespreadcrackdownoncryptocompaniesaheadoftheUSelection. ImmutablesaidinanOct.31blogpostthatthemoveisthelatestinstanceoftheSEC’s“regulation-by-enforcement”policytargetingthecryptoindustry.Itaddedthatthewatchdogissuedthenoticewithoutpriordiscussions AccordingtoImmutable,theSEC’sallegations,thoughvague,appeartofocusonthe2021listingandprivatesalesofitsnativetokenIMX.ThenetworkcontendsthattheIMXtokendoesnotmeetthecriteriaofasecurityandthattheregulator’sactionsbypassmeaningfuldialogue. Immutablesaid: “Tomanufactureacaseonalistingthatoccurredin2021,withpracticallynodirectcommunicationwiththecompany,ispreciselythereasontheindustryissoskepticalofanyattemptsfromthisSECtoargueitisattemptingtoprovideclarity.” Immutable’sstatementindicatedthattheSEC’sallegations,thoughnon-specificintheWellsnotice,seemtocenteronpotentialsecuritieslawviolationsrelatedtothelistingandprivatesalesofitsIMXtokenin2021. ThecompanyexpressedfrustrationthattheSEC’snoticecontainedonlylimiteddetail—fewerthan20wordsofsubstantiveexplanation—andlackedaclearbasisfortheinvestigation. Additionally,ImmutablesuggestedthattheSEC’sallegationsimpliedinaccurateclaimsof“fraudulentmisrepresentations”tiedtoa2021blogpostabouttheIMXtoken’spre-launchinvestmentpricing. Thecompanyarguedthattheregulatormischaracterizedthisinformation,statingthattherewasindeed“realconsideration”involvedintheinvestment,whichtheagencycouldhaveclarifiedhaditengagedinconstructivedialoguewithImmutablebeforeissuingthenotice. Immutablesaiditispreparedto“defendtherightsofbuilders,creators,andgamers,”withitsconsiderablewarchestandextensiveresources.Itaddedthatitscommitmenttotheindustryisclearanditwill“keepbuilding”regardlessoftheregulatorychallenges. cryptoslate.com

StablecoinsareincreasingdemandforU.S.Treasuries,with$120billionincollateralinvested. Blockchaininitiatives,likeJPMorgan’sOnyxPlatform,arerevolutionizingTreasuryoperationsandpost-tradeprocesses. MostcentralbanksareexploringCBDCstoaddressemergingchallengesinthedigitalassetlandscape. Digitalassets,particularlystablecoinsandblockchainprojects,arereshapingthefinanciallandscape.AreportfromtheU.S.DepartmentofTreasuryshowsthatdigitalcurrenciesaredrivingdemandforU.S.Treasuriesasinvestorsandinstitutionsexploreblockchain’spotentialtoenhancetheefficiencyoffinancialtransactions. StablecoinsIncreaseTreasuryDemand Stablecoins,digitalcurrenciespeggedtofiatassets,playacrucialroleinboostingTreasurydemand.Anestimated$120billioninstablecoincollateralisinvestedinTreasuries.Tether,thelargeststablecoinbymarketcapitalization,allocates68.3%ofits$118.4billionreservestoTreasurybills. Othermajorstablecoins,suchasUSDC,alsoboostthisdemand.Stablecoinsactascollateralindecentralizedfinance(DeFi)marketsandprovideliquidityindigitaltransactions.Over80%ofcryptotransactionsusestablecoinsasonelegofthetransaction. Fiat-backedstablecoinshavebeenpopularbecauseoftheirabilitytomaintainastablevalue,makingthemsuitablecollateralinfinancialmarkets.ThisintegrationofstablecoinsintotheTreasurymarkethighlightstheiressentialroleinthedigitalassetecosystem.Moreover,stablecoinsareattractiveinDeFimarketsbecauseoftheircash-likecharacteristics,whichmakesthemappealingforlendingandborrowing. BlockchainProjectsModernizeTreasuryOperations Inaddition,bothprivateandpublicprojectsarepromotingtheintegrationofblockchainintoTreasuryoperations.TheSIFMAMulti-AssetLedgerSettlementPilotandtheDTCC’sDigitalAssetTreasuryTokenizationProjectaimtoimprovepost-tradeprocessesusingshared,immutableledgers. Forinstance,JPMorgan’sOnyxPlatform,whichlaunchedin2020,nowallowsreal-timerepotransactionsthroughtokenizedTreasuries,helpinginstitutionstomanagecollateralmoreefficiently. Inthepublicsector,initiativeslikeProjectCedar—acollaborationbetweentheNewYorkFederalReserveandtheMonetaryAuthorityofSingapore—areusingdistributedledgertechnology(DLT)toimprovecross-borderpayments. TheEuropeanInvestmentBankalsomadenewslastyearbyissuing£50billionindigitalbondsonaprivateblockchain.Theseprojectshighlightthegrowinginterestinblockchain’spotentialtomodernizefinancialinfrastructure. Movingforward,regulatorydecisionswillbekeyinshapingtheroleandoversightofdigitalassets.A2021BISsurveyshowedthat86%ofcentralbanksareactivelyresearchingthecreationandimplementationofCentralBankDigitalCurrencies(CBDCs)toaddresstheseemergingchallenges. Disclaimer:Theinformationpresentedinthisarticleisforinformationalandeducationalpurposesonly.Thearticledoesnotconstitutefinancialadviceoradviceofanykind.CoinEditionisnotresponsibleforanylossesincurredasaresultoftheutilizationofcontent,products,orservicesmentioned.Readersareadvisedtoexercisecautionbeforetakinganyactionrelatedtothecompany. coinedition.com

Thecryptomarket’scomplexitycanindeedbeoverwhelming,especiallyfornewcomers.However,togainanedge,oneofthebestthingstodoistofollowtopcryptotraderswhoregularlyshareinsights,strategies,andanalyses. ForNovember2024,BeInCryptohasidentifiedfivestandouttraderswhohaveconsistentlydeliveredhigh-qualityanalysisandactionabletips.Theseexperts,knownfortheirdiverseapproachestocryptoinvesting,offervaluableperspectivesforbothbeginnersandseasonedinvestorsalike. PeterBrandt AtthetopofthislistisveterantraderPeterBrandt,whotradescryptocurrenciesandtraditionalassets.Currently,Brandthasover745,000followersonX(formerlyTwitter)andregularlyshareshisperspectiveonBitcoin(BTC). Sometimes,thetraderalsoprovidesinsightsintoEthereum’s(ETH)potential.Forexample,earliertoday,theanalystmentionedthatEthereum’stechnicalsetupremainsbearishdespiteitsrecentpriceincrease. EthereumChart.Source:PeterBrandtonX/Twitter So,ifyouarelookingforoneofthetopcryptotraderstofollow,withafocusonBTCandETH,Brandt’sinsightsareworthconsidering. MichaëlvandePoppe SecondonthelistisMichaëlvandePoppe,thefounderofMNConsultancy,afirmthatguidesindividualsthroughinvestingincrypto. VandePoppeisoneofthetoptraderstofollowbecauseofhisinsightsonaltcoinsandBitcoin.Thisanalysishashelpedhimgarnerover743,000followers,notincludinghisYouTubesubscribers. Forexample,in2023,thetraderwasoneofthefirsttocallChainlink’s(LINK)bottombeforethepricesurgedbyover100%withinafewmonths.Recently,thetradersopinedthatLINKcouldsoonsurgeto$18ifitrisesabove$13. “Thegeneralthesisonthemarkets.LINKisontheedgeofabigbreakout.Ifitmovesabove$13,thenexttargetisgoingtobe$18.”Thetraderemphasized. Rager Rager,whohasalmost200,000followersonX,isthirdonthislist.UnlikeBrandtandvandePoppe,RagerextendshisinsightsbeyondBitcoin,Ethereum,andotheraltcoins. Insteadoflimitingtheanalysistothesetwo,Ragerextendsgivinginsightsonmemecoins,makinghimoneofthetoptraderstofollow.Therefore,ifyourfocusisonaltcoinsormemecoins,thenthisanalystisonetokeeptabson. TraderSZ LikeRager,TraderSZisoneofthetopcryptotraderstofollowformemecoingems.Withover608,500followersonXand66,800subscribersonYouTube,TraderSZhasdistinguishedhimselfasanearlymemecoinbuyer. However,thatisnottosaythatthetraderdoesnotengageinsharinginsightsonBTCandalts.Butformostofthis“memecoinsurpercycle,”hisfocushasbeenoncryptoslikeFwog(FWOG)anddogwifhat(WIF). WIFPricePrediction:Source:TraderSZviaX Recently,thetradersharedhisthesisonWIF,notingthatthememecoincouldbesetforasignificantbreakout. BenjaminCowen ToendthislistisBenjaminCowen,whoisthefounderofIntoTheCryptoverse.Cowencurrentlyhas874,300followersonXand819,000subscribersonYouTube,whereheshareshisthoughtsonthecryptomarket. HeisoneofthetopcryptotraderstofollowinNovember2024duetohisexpertanalysisofthemacroeconomicimpactonseveralassetsandhistechnicalanalysisskills. CowenmostlyfocusesonBTCandETHand,inrecenttimes,hascorrectlypredictedthatBitcoindominancemightclimbto60%.Further,theanalystsaysthatEthereumisnotdeadyetdespiteitsunderwhelmingperformance. “ETHisnotdying.ETH/BTCisdoingwhatitalwaysdoes.IthinkETH/BTCbottomsthisquarterandgoesupin2025.OnceETH/BTCpassesthe50DSMA,thebottomisinIMO.StillariskETH/USDdropsonemoretimeinNov/Dec,buthedgingmakessense.”Cowenopined. beincrypto.com

AnalystHenrikZebergpredictsBitcoincouldreachbetween$115Kand$123K,drivenbystrongtechnicalindicatorsandbullishmarketsentiment. Bitcoin’srecentbreakoutfromthe“All-TimeHighArea”signalsincreasedinvestorconfidence,potentiallyleadingtonewpricehighs. TheFibonacciretracementlevelssuggestBitcoinisapproachingamarkettop,reinforcingthe$115K-$123Ktargetforthenearfuture. Bitcoincanprepareforaremarkableincrease,andexpertsestimateatargetvaluebetween$115Kand$123K.AccordingtoanalystHenrikZeberg,thislevelcanbeattainedthroughtechnicalmarketphenomenaandpreviouscycles.Zeberg’sanalysisalignswithgrowingbullishsentimentinthemarket,asBitcoincontinuestoshowstrengthdespitepreviousdownturns. MakingitSimple!#BTCtarget115-123Kpic.twitter.com/Knm34wpYTP —HenrikZeberg(@HenrikZeberg)October31,2024 TechnicalIndicatorsSignalStrongUpsidePotential Zeberg’sprojectionreliesheavilyonBitcoin’srecenttechnicalperformance.Accordingtohischart,BTChassuccessfullybrokenthroughthe“All-TimeHigh(ATH)Area,”indicatingrenewedinvestorconfidenceandbuyingstrength.ThisbreakoutmarksacriticalmilestoneforBitcoin,asbreachingthisareaoftensignalsfurtherupwardmomentuminpriceaction.Zeberg’sanalysissuggeststhatdigitalassetscouldquicklyescalatetonewhighsifbullishtrendspersist. MomentumBuildsforBitcoin’sNextMajorBullRun AnalystZebergfurtherpointsoutthatvariousstructuralindicatorsfuelBitcoin’sbullishtrajectory.Theseindicatorssuggestthatthemarketmayexperiencecontinuedbuyingmomentum.Significantly,hisanalysisanticipatesthatBitcoincouldreachitspeakwithinmonths.ThisforecastalignswiththebroadermarketoutlookthatBitcoin’spricemayexperienceexponentialgrowthdrivenbyinvestorsentimentandtechnicalstrength. Zeberg’schartanalysisalsohighlightsFibonaccilevelsasareliabletoolforidentifyingpotentialpricetops.Accordingtohistechnicalframework,BitcoinisapproachingaFibonacciretracementleveloftenassociatedwithmarkettops.Thislevel,typicallyreachedaftersubstantialpricerallies,reinforceshis$115K-$123KtargetforBTC.TheFibonacciindicatorisanessentialguideinZeberg’sanalysis,underscoringthestrengthofBitcoin’srecentuptrend. BTCpricefluctuationsover1day,peakingabove$72,000beforeadroptowardstheendoftheday.Atthetimeofwriting,BTCwastradingat$70,107.84,representinga2.90%decreaseinthepast24hours.Marketindicatorsrevealatotalmarketcapof$1.39trilliona2.87%decline,witha24-hourtradingvolumeof$40.98billion,anincreaseof1.03%. cryptonewsland.com

ThecryptocommunityremainsskepticalafteraBritishbusinessmanaccusedoffraudheldapressconferencetodaydeclaringthatheisthepseudonymouscreatorofBitcoin(BTC),SatoshiNakamoto. Theeventwasannouncedinapressreleaseyesterday. “Nakamoto,whosewhitepaperlaunchedtheworld’sfirstdecentralizedcryptocurrencyin2008,hascitedgrowinglegalpressuresasadrivingfactorforthisdecision.‘Thetimehascomeformetoofficiallyrevealmyidentity.Iamfacingsignificantlegalchallenges,andIbelievetheworlddeservestoknowthetruth,’Nakamotostated. TheannouncementcoincideswiththeanniversaryofBitcoin’swhitepaperreleaseandwillprovideverifiableprooftoconfirmNakamoto’sidentityonceandforall.Thisunprecedentedrevelationmarkstheendofmorethan15yearsofanonymityandsignalsanewchapterforBitcoinandBlockchaintechnology.” Theeventreportedlycost500euros(~$540)togetin,accordingtoBBCcybercorrespondentJoeTidy,whoattendedtheeventwithoutpaying. InathreadonthesocialmediaplatformX,Tidypaintsapictureofapressconferencethatisbizarre,unprofessional,andunlikelytoconvinceanyonethattheBritishbusinessmaninquestion,StephenMollah,isthetruecreatorofBTC. “OrganizerCharlesAndersontakestothestage.Sayshe’sonlyhad2hoursofsleepin48hrssincetheyannouncedthisevent.Beenbombardedwithcallsfromallovertheworld.Healsoclaimstohaveinvented‘energyrecoverysystems’incars.AndtheshowBritain’sGotTalent. SomeonefromtheprestigiousFrontLineClubwherethiseventisbeingheldhasinterruptedtoinsistthatCharlesmakeitclearthatthisisnotanaffiliatedorendorsedeventfortheclub.Areporterhaswalkedout. AmancalledStephenMollahhastakentothestage.HeclaimstobeSatoshiNakamoto–themysteryinventorofBitcoin.He’sclaimedthisbeforeandiscurrentlyinlegaldisputeaboutit.Hewillnowprovideevidence,hesays.” Source:JoeTidy/X PerTidy’stweets,Mollahandtheeventorganizerhadtroublegettingtheirlaptopworkingandneverpresentedanyevidencethatheis,infact,thecreatorofBTC. “Journalists(includingmyself)haveinterruptedMr.Mollah’slongbackstoryandaskedforhimtoshowthepromisedevidence.Beenherenearlyanhourandpeoplearerestlessandincreasinglyrude.Mr.Mollah’scheekistwitchingrapidlyashestaresdownaskepticalcrowd… Mr.Mollahisshowingaseriesofeasy-to-fakescreenshots.IaskedifhewillmovesomeoftheGenesisbitcoinstofinallyproveheisSatoshi.Hesaidhewillinthenextfewmonths.Ihavelefttheconference.” ItappearsthattheidentityofNakamotowillremainunconfirmedfornow. InotherNakamotonews,thePlanBInitiativeunveiledanewstatuetohonortheBTCcreatorlastweek. dailyhodl.com

Polkadot(DOT)hasdrawntheattentionofinvestorsandanalysts.AliMartinez,aseasonedanalyst,recentlypointedoutonX(FormerlyTwitter)thatPolkadotislookingprimedforabreakoutbecauserecentmarketbehaviorsuggestsapotentialrecovery. HiscommentsaddsomeweighttothegrowingbeliefthatDOTmaybepoisedformajorpriceappreciationdespiteitslacklusterperformance. No need to chase when plenty of solid projects are still under the radar! Take #Polkadot $DOT, for example—looking primed for a breakout! pic.twitter.com/uXXnRMkVW2 — Ali (@ali_charts) October…