Category: AI

Teslahasreleaseditsthird-quarterearningsreport,showcasingsolidfinancialperformancewhilemaintainingitssubstantialBitcoinholdings. Analystsandinvestorshadbeenparticularlyfocusedonthecompany’sprofitmarginsandwhetherTeslawouldmakeanychangestoitsBitcoinstrategyfollowingrecentwalletmovements.Despitespeculation,TeslaconfirmedthatitsBitcoinholdingsremainunchanged. Teslacontinuestohold11,509BTC,valuedatapproximately$765million,asofthethirdquarter.ThisfollowsaweekofsignificantBitcoinwalletmovements,whichledtospeculationthatTeslamightsellormoveassetstoacustodian. Tesla’sthird-quarterearningsreportdeliveredseveralsurprises,surpassingmanyanalysts’expectations.Thecompanyreportedagrossmarginof19.8%andanimprovementfromthesecondquarter’s18.0%. However,Tesla’srevenueforthequartercameinat$25.1billion,slightlylowerthantheestimated$25.4billion.Nevertheless,thisrepresentsan8%increaseyear-over-year,underscoringthecompany’sstrongglobalsalesperformance. Earlierthismonth,Tesla’s“We,Robot”eventgeneratedsignificanthypewiththeunveilingofitsdriverlessCybercabandotherautonomoustechnologies.However,despitetheexcitement,investorsandanalystshaveturnedtheirfocusbacktoTesla’scoreautobusiness. cryptobriefing.com

Atpresstime,Dogecoinwasfoundtohavegainedsignificantlyasitjumpedto$0.141556followinga1.77%growththatoccurredwithinthelast24hours.Inaweek,thememecoinhasgoneprettyhighata30%increasewhichpropelledits24-hourtradingvolumeto$1.9billionwithanupsurgeof35%. PositiveSentimentAndIndicatorsForDOGEAscent Accordingtomarketanalysts,thereareanumberofindicatorsthatshowitistherighttimetoinvestinDOGE.AsobservedbyDigitalcoinprice,severaltechnicalsignalshavealreadyturnedgreen,indicatingtradersseebrightnessinthefutureofthetoken.Thecoinhasrisenby37%inthelast30days.Theforecastshintthatthecoinmightgoevenhigher. Oneofthestrongestindicationsofthebulltrendisthecurveofthe50-daySimpleMovingAveragegoingupward,whichmaybeagoodperiodforbuyerstogetinontheaction.However,thetradersareholdingbackasthe200-daySMAisgoingdown. Asreportedbysome,DOGEmayevengoto$0.13beforetheyearends.Nevertheless,onthebiggerpicture,thereisstillaconsensusoverthefactthatitisstillmovinginapositivedirectionforthemedium-termtrendsofthecoin. Experts’PredictionsAndInfluencesOnDogecoin’sFuture Otherhigh-levelcryptocurrencytradersalso,suchasDonAlt,believethatDogecoinhasthemakingsofbeingbullishandcanpotentiallyexceedthe$1mark.AnalystslikeCrowseetheoccasionaltriangularpatternsofDogecoininitspricechartthatreflectphasesofconsolidationfrom2014to2021andcanindicateabreakout. DogecoinislikeBitcoinofthememecoins! Youdon’tlikeit?Toobad,youdon’tmatter.$DOGEisgoingto$1.pic.twitter.com/mr5tVxFS2c —CROW(@TheCrowtrades)October18,2024 CryptotraderKevinhashighlightedarecent3-dayflipinDogecoin.Accordingtothistechnicalindicator,thecryptocurrencyissupposedtotrendinthepositivedirection.Inthepast,suchanindicatorresultedinahugepricerally;DOGEhada210%rallyoncesuchasignalappeared. Thelasttime#Dogecoinflippedthe3Daysupertrendandcreatedabuysignal#DOGEpumped212%.Ithinkwecanseesomethingsimilarifnotbiggerthistimearoundespeciallyif#BTCentersintopricediscoverypic.twitter.com/azHFpo1plo —Kevin(@Kev_Capital_TA)October19,2024 KevinsuggestedthatifBitcoinfallsintoadiscoveryphasethenit’slikelyDogecoinwillfollow.Healsomentionedtheupcoming“goldencross”ontheweeklychart,whichisabullishsignalforDOGEtocontinueupward. Meanwhile,it’sstillElonMuskthatinfluencesthesepricemovements.Apassingcommentbythe“USDepartmentofGovernmentEfficiency”(D.O.G.E)hascausedapricesurge.Addingtothiscomplexityishispoliticalinvolvementinrecentnews. AnalystsfeelMusk’soverallinfluenceandassociationwithpro-cryptoUSelectioncandidatessuchasformerUSPresidentDonaldTrumpwillaidinanincreaseinvalueforDOGE. FeaturedimagefromTechopedia,chartfromTradingView newsbtc.com

TheXRPlawsuitisnowelongated,withtheappealandcross-appealfromtheUSSECandRippleLabs,respectively.Earliertoday,theUSAppealsCourtfortheSecondCircuitnotifiedRippleaboutapossibleproceduraldefault.ThisfilingservedasawarningtotheblockchainpaymentsfirmnottoexcludeitsattorneysinfutureOralArguments.

RasAl-Khaimah(RAK),oneoftheemiratesintheUnitedArabEmirates,hasintroducedanewlegalframeworktailoredfordecentralizedautonomousorganizations(DAOs)withinitsfreezonedesignatedfordigitalassets. TheDAOAssociationRegime(DARe)seekstocreatealegalframeworkthatistailoredtothefunctioningandmanagementofDAOs.AccordingtoLucFroehlich,theChiefCommercialOfficerofRAKDAO,theinitiativestrengthensthepossibilityofDAOsintegratingwiththetraditionaleconomy. Thislegalstructureallowssuchorganizationstoperformcertainfunctions,includingobtainingbankaccountsandhandlingonandoff-chainassets.DAOsaredigitalorganizationsthatworkthroughsmartcontractsonblockchaintoautomatethegovernanceandbusinessprocesses.However,therearemanylegalissuesthathampertheirprogress. TheprotocolisdesignedtoaccommodatetwotypesofDAOs.theStartupDAOandAlphaDAO.TheStartupDAOmodelisaimedatprojectswith100orfewermembers.Itseekstorationalizethelegalprocedurestoestablishbusinessinordertoenablenewenterprisestofocusontheirgrowthinalessbureaucraticenvironment. Ontheotherhand,theAlphaDAOModelisdesignedforDAOsthathaveatreasurysizeofmorethan$1million.Thismodelofferstheseorganizationskeyresourcesanddirectiontoexpandtheiroperationsintherightmanner. Taxbenefitsandlegalprotectiondriveframeworkvalue ThemajorbenefitsoftheDAReframeworkaretaxoptimizationandlegalcertainty.ThisframeworkisconsistentwiththeUAE’splanstostrengthenitsdigitaleconomiesandattractatalentpoolfromaroundtheworld. Inadditiontotheregulatorycertainty,DARehasthepotentialtobringeconomicvaluetoRAK.WithmoreDAOsemerging,theyhelpcreatejobs,openopportunitiesforinvestments,andimprovetechnologyinthearea. AstheUAEcontinuestoenhanceanddevelopitslegalframeworkinsupportofWeb3anddigitalassets,othercountries,suchasItaly,havetakentheoppositedirection.Italyrecentlyintroducedacapitalgainstaxoncryptocurrencies,whichmaydiscourageinvestmentinthesector.Additionalandrecentlegaldevelopments,suchastheonesfromtheVirtualAssetRegulatoryAuthority(VARA)ofDubai,showtheUAE’ssupportforthevirtualassetsindustry. AspreviouslyreportedbyCryptopolitan,between2023and2024,theUAEreceivedmorethan$30billionincryptocurrencyinvestments.Additionally,itrankedamongstthetop40economiesworldwideandisthethird-largestcryptoeconomyintheMENAregion. cryptopolitan.com

AcloselyfollowedcryptostrategistandtraderthinksEthereum(ETH)isgearinguptoignitebigbreakoutrallies. PseudonymousanalystInmortalsharesachartwithhis217,500followersonthesocialmediaplatformXsuggestingthatEthereumwillseeonefinaldipbeforesparkinga75%surgetohistargetof$4,100. “Callmecrazy,butIthinkETHisagoodSPOTtradehere. SlowerthanSOL,butsafer.” Source:Inmortal/X ZoominginonEthereum,InmortalnotesthatETHhasalreadybrokenoutofitshorizontalresistanceonthelowtimeframe. “ETHshowingtheway. Classicconsolidationbelowresistance+higherlows.” Source:Inmortal/X Attimeofwriting,Ethereumistradingfor$2,668. TurningtoEthereumchallengerSolana,InmortalsharesachartsuggestingthatSOLismirroringits2021priceactionwhenitwitnessedalengthyconsolidationperiodbeforeamassiveeruption. “SOL.” Source:Inmortal/X In2021,SOLconsolidatedformonthsbelow$60beforebreakingoutandrallyingtoitsall-timehighof$259.Attimeofwriting,SOLisworth$166. TheanalystisalsotrackingthepriceactionofthememetokenFloki(FLOKI).AccordingtoInmortal,FLOKIisflashingmultiplebullishhigher-lowsetupsindicatingthatthememecoinispreparingforabreakout. “It’sallright.Wehavethemountainnow. Consolidationbelowresistance+higherlows?Thiswillendsoon. FLOKIgobrrrrseason.” Source:Inmortal/X Basedonthetrader’schart,heseemstopredictthatFLOKIwilljumpto$0.00021.Attimeofwriting,FLOKIistradingat$0.000151. GeneratedImage:Midjourney dailyhodl.com

Hopesofarallytoward$3,000wereraisedbyEthereum\'srecent15%priceincreasebutitlooksliketheupwardmomentumhasencounteredamajorobstacle.ForETHthe100EMAhasshowntobeastrongresistancelevelandtheassetsrecoveryappearstohavestalledatthispoint. ThepriceofEthereumisdecliningafterpeakingat$2,820makingitmoredifficulttopredictwhereitwillgonext.ETHhashaddifficultymaintainingitsupwardmomentumasthepricechartshowsespeciallywhileitisstuckinthe$2,600–$2,700range. Afurtherpushtoward$3,000ispreventedbythe100EMAwhichisstillabovethepriceandactingasastrongbarrier.Ethereumishavingahardertimerecoveringitsbullishstructureinthenearfutureifthereisn\'taclearbreakoutabovethislevel.Amajorworryatthemomentistheabsenceofstrongsupportbelowthecurrentpricelevel. SinceETHiscurrentlytradingnear$2,622therearen\'tmanysolidsupportareastostopthepricefromfallinganylower.Ethereum\'snextmajorsupportisat$2,400ifitbreaksbelowthisthepricemaydeclineevenmore,possiblyretracingto$2,200. Withdiminishingtradingvolumesandgeneralmarketuncertaintythechancesofasustainedrecoveryaredwindling.IntheshorttermEthereum\'s$3,000targetmighthavetowaiteventhoughitsfundamentalsarestillsolid.ETHtradersshouldwatchthecrucialsupportlevelsforthetimebeingbecausethepricemightkeepdecliningandreversetherecentgains. Dogecoin\'srecovery RecentlyDogecoinsawahugeincreaseinvolumehittingmultibillion-dollarlevelswhichmightbeaprecursortoareversalorcontinuationofitsrecoveryphase.Indicatingthattheassetmightbeencounteringshort-termresistanceatthislevel,DOGE\'spricehasbeguntoretraceslightlyafterrisingtoalocalhighofabout$0.15. Eventhoughtheassethasretracedthehighervolumeindicatesthatthereisstillalotofinterestinitwhichcouldpushithighersoon.FollowingaprotracteddeclinethatsawthepriceofDogecoindropsharplyfromit\'sall-timehighsthecryptocurrencyhasbeeninrecoverymode. Apotentiallong-termrecoveryissuggestedbytherecentpriceactionandthecurrentvolumespikewhichindicatethatinvestorsarereturningtotheasset.AbriefretracementmighttakeplacebeforeDOGEresumesitsupwardtrajectorythoughasitencounterslocalresistance.OneofthemostimportantlevelstokeepaneyeonforDOGEistheimmediateresistanceat$0.15wherethepriceiscurrentlystalled.Thenexttargetwouldbearound$0.18wheremoreresistancemightappearifDOGEisabletobreakabovethislevel. Onthedownside$0.12whichservedasresistancepriortothemostrecentrallyisprobablywheresupportwillbefound.GiventhehighervolumeandpricemovementwhichsuggestrenewedinterestintheassetDOGE\'soutlookseemsbrightoverall.TheDOGEmaycontinuetorisetoward$0.18ifthe$0.15resistanceisbrokenbutadditionalconsolidationmaybeindicatedifitisunabletoholdabove$0.12. ShibaInusubstantialsurge Investorssearchingforthemarket\'snextbigmovearetakingnoticeofShibaInuduetoitsrecentdramatic40%priceincrease. AfteraprotractedperiodofconsolidationthepriceofSHIBhasbeenrisingsteadily.Ithasnowenteredacrucialphasethatcoulddecidewhetherornotthisuptrendcontinues.AccordingtothechartSHIBispresentlyexhibitingadefinitebullishtrendandisinanascendingchannel.Currentlythepriceiscirclingaround$0.000018aftersteadilyrising.Oneimportantleveltokeepaneyeonistheresistanceat$0.000020. ThepricemayriseastheuptrendpicksupevenmorevigorifShibaInubreaksthroughthisbarrier.Thenextmajorresistancelevelwhichisapproximately$0.000025maybeapproachedbySHIBasaresultofthisbreakout.Supportlevelsat$0.000012and$0.000015arecriticalforpreservingthebullishstructureonthedownside.Iftheselevelsarenotmaintainedaretracementmaybeindicatedwhichcouldresultinacorrection. ShibaInuhoweverisinareasonablystrongpositiontocontinueitsrallygiventhecurrentmomentumandthepricetrendingabovethe50EMA100EMAand200EMAassumingtheoverallmarketstaysfavorable. u.today

TheEthereumpricehasjustbrokenoutofakeysymmetricaltrianglepattern,signalingapotentialsurgetonewlevelsabove$3,000.TherecentbreakoutisseenasabullishindicatorforthetopaltcoinbyanalystswhohavecloselywatchedtheEthereumpriceactionforthepastfewmonths. EthereumPriceBreaksOutOfKeyTrianglePattern Apopularcryptoanalystidentifiedas“TheMoonCarl”onX(formerlyTwitter)hasdisclosedthattheEthereumpricehasfinallybrokenoutfromitssymmetricaltrianglepattern.Sharingachartillustrationofthedistinctivetechnicalpattern,theanalystrevealedtohis1.3millionfollowersthatthesymmetricaltrianglepatternhadbegunforminginAugust2024,extendingthroughSeptemberandOctobertopotentiallyreachapeakaroundDecember. However,beforeEthereumcouldreachthisdesignatedendpoint,itspricebrokethroughtheuppertrendlineofthetriangle,indicatingapotentialbullishbreakouttonewhighs.Asymmetricaltriangleisakeytechnicalpatternthatoftenindicatesaperiodofconsolidationfollowedbyabreakouttothedownsideorupside. InEthereum’scase,itspricehasbeenonamajorconsolidationtrend,failingtoexperiencesimilarpricesurgesseeninBitcoinandotheraltcoins.Withthenowbrokentrianglepattern,TheMoonCarlissettingnewbullishpricetargetsataround$3,400forEthereum. Atthetimeofthesymmetricaltrianglebreakout,Ethereumwastradingataround$2,707.However,asofwriting,thecryptocurrencyhasdeclinedby3.15%,pushingitscurrentpriceto$2,629,accordingtoCoinMarketCap.Whiletheanalystishighlyoptimisticabouthis$3,400Ethereumpriceprojection,thecryptocurrencywillstillhavetoseea29.91%increasetoachievethisfeat. THWhalesAreOnTheMove Amidstanalysts’bullishpredictionsforEthereumanditsrecentbreakoutfromakeysymmetricaltrianglepattern,reportshaverevealedthatlarge-scaleinvestors,typicallyreferredtoas“Whales”arenowbackinaction. WhaleAlert,ablockchaintrackerandanalyticssystemrevealedaseriesofsubstantialwhaletransactionsinvolvingtheEthereumtoken.Inthelast24hours,anEthereumwhalehadmovedawhopping12,590ETHtokens,worthapproximately$33.8millionfromanunknownwallettoCoinbase. Additionally,inthepastfewhours,anotherEthereumwhalehadtransferred8,452ETHtokensvaluedat$22.4millionfromanunknownwallettoBinance.Typically,whenwhalesmovecoinsfromtheirprivatewalletstoacentralizedexchange,itoftenindicatesthattheymaybesellingofftheirtokens. Whileafull-blownsell-offcouldcastashadowonEthereum’salreadyslowpricemomentum,itappearsthatwhalesarenotonlymovingETHtoexchangesbutalsopotentiallyaccumulatingtokens.WhaleAlerthasreportedthatananonymouswhalerecentlymoved8,811ETHfromBinancetoanunknownwallet. Thesemultipletransactionscreateuncertaintyaboutwhetherwhalesaresellingmorethantheyarebuying.However,withEthereum’srecentbreakoutfromitssymmetricaltrianglepattern,bullishmomentumcouldpushpriceshigher,potentiallyencouragingmorebuyingactivity. FeaturedimagecreatedwithDall.E,chartfromTradingview.com newsbtc.com

Institutionalinvestorsnowholdapproximately20%ofallUS-tradedspotBitcoin(BTC)exchange-tradedfunds(ETFs),accordingtorecentdata. CryptoQuantCEOandfounderKiYoungJurevealedthatthelatest13FFormfilingsshowthatinstitutionalinvestorsholdover193,000BTCviaBitcoinETFsasofOct.18. Healsorevealedthatroughly1,179institutionshaveinvestedinUS-tradedspotBitcoinETFs.Thelistincludes$70billionassetmanagerMillenniumManagement,$438billiontradingfirmJaneStreet,and$2.93trillioninvestmentbankGoldmanSachs. IBITleadsinabsoluteamount Inabsolutenumbers,BlackRock’siSharesBitcoinTrustETF(IBIT)hasthemostBitcoinsheldbyinstitutions,withover71,000BTC.However,itsinstitutionaladoptionpercentageof18.38%isbelowaverage. Grayscale’sGBTCregistered44,707.89BTCheldbyinstitutionalinvestors,thesecond-largestamount,with20.25%ofitsshareholdersbeinginstitutionalinvestors. Meanwhile,ARK21Shares’ARKBhadthehighestinstitutionalparticipation,with32.8%ofitssharesownedbyassetmanagers,equatingtoroughly17,166BTC. TheETFwiththeleastinstitutionalparticipationisGrayscale’sBitcoinMiniTrust,withjust1.52%ofitssharesheldbytheseinvestors,whileCoinSharesValkyrieETF(BRRR)showsthesmallestabsoluteamountinBitcoins,with451.26BTCboughtbyinstitutionsthroughtheproduct. Thethird-largestETF,Fidelity’sFBTC,isalsothethirdoptionsoughtbyinstitutionalinvestors,with44,623.23BTCheldbyinstitutionalinvestors,whichmakeup24.14%ofitsholders. BitcoinETFandpricecorrelation ArecentVanEckreporthighlightedastrongercorrelationbetweenBitcoinETFflowsandthecryptocurrency’spriceinrecentmonths,drivenlargelybyincreasinginstitutionaladoption. SpotBitcoinETFstradedintheUSbrokethe$21billionthresholdinyear-to-dateflowsonOct.18,accordingtoFarsideInvestorsdata. AccordingtoVanEcksurgeininstitutionalinterestmayexplainBitcoin’s11%priceincreaseinOctober,reaching$67,478.TheassetmanagersuggeststhatgrowingdemandfrominstitutionscouldcontinuetofuelBitcoin’supwardmomentuminthenearfuture. cryptoslate.com

ElonMusk’sfamous‘Bitcoin’Xpostisnowsixyearsold.Interestingly,BTCisuparound1,000%sincetheworld’srichestmansupposedlymadethatpostonhisXplatform.Muskhassincesaidlittleaboutwhathethinksabouttheflagshipcrypto.However,heremainsacryptofavoriteduetohisfondnessfortheforemostmemecoin,Dogecoin(DOGE).

JupitersurpassedUniswapindailytradingvolume,drivenbyasurgeinmemecoinsandupcominggovernancetokenairdrops. AerodromeFinancebecameBase’sleadingliquidityhub,achievingover55%oftokenswapsandaremarkableannualizedrevenueof$192million. EthenaFinanceintroducedasyntheticdollar,USDe,attractinginterestalongsidethegovernancetokenENA,valuedatarevenuemultipleof42x. Fivestandouttokens—JUP,AERO,ENA,LDO,andRAY—dominatedthedecentralizedfinance(DeFi)sectorinthethirdquarterof2024.Thesecoinsbelongtosomeofthemostinnovativedecentralizedexchanges(DEXs)andprotocols,contributingtosignificantgrowthinDeFimarkets. Jupiter(JUP)GovernanceTokenDrivesAdoption Currentprice:$0.9227 Marketcap:$1.25B Jupiter’sgovernancetoken(JUP)hasquicklyfounditsplaceintheSolanaecosystem.WhenJupitersurgedtothefirstpositionofDEXsbydailytradingvolume,leavingbehindUniswap,thedemandforJUPincreased.TheupcomingairdropoftheJUPtokenisexpectedtohappeninJanuary2024,keepingtheplatformrelevantandinterestingtousersandliquidityproviders.Moreover,Jupiter’srangeofproducts,includingLimitOrdersandPerpetualsTrading,ispoisedtoincreaseJUP’sutilityandvaluefurther. AerodromeFinance(AERO):RevolutionizingLiquidityonBase Currentprice:$1.29 Marketcap:$854.21M ThegovernancetokenofAerodromeFinancehasbeenaremarkableperformerin2024,postinggainsofover1,300%sinceitsFebruarylaunch.AsthecentralliquidityhubfortheBasenetwork,Aerodromehandlesmorethan55%oftokenswapsontheplatform,makingAEROacriticalplayerinDeFiliquidity.Thetoken’ssuccessiscloselytiedtoAerodrome’svote-lockgovernancemodelandattractiveliquidityproviderincentives,whichhaveattractedsubstantialliquidityandboostedtheplatform’srevenue,valuedat$192millioninQ3. EthenaFinance(ENA)SyntheticDollarBoostsDemand Currentprice:$0.402 Marketcap:$1.10B EthenaFinance’sgovernancetoken,ENA,hasbenefitedfromtherisingadoptionofitssyntheticdollar,USDe.Ethena’sinnovativedelta-neutralstrategytomaintainUSDe’speghasdrawnwidespreadattention.AsmoreusersrecognizethepotentialofUSDeandtheplatform’sdecentralizedgovernance,ENAhasgainedtraction.BytheendofQ32024,theENAtokenachievedarevenuemultipleof42x,showcasingmarketconfidenceintheprotocol’sfuture. LidoDAO(LDO)StakingSolutionforEthereum Currentprice:$1.18 Marketcap:$1.06B ThestakingtokenLDOstillresidesinLidoDAOandplaysamajorroleinEthereum.LidooffersaliquidstakingsolutionwhereuserscanstaketheirETHandgetstETHtokensthatremainliquidforuserswhowanttostakebutalsowanttomaintainliquidity.LDOplaysanimportantroleinmanagingLidoDAOsincethetokenholdersmakecrucialdecisionsregardingprotocolupgradesandtheinclusionofnewprojects.However,therecentshutdownofSolanastakingwillnotaffecttheneedforLDOastheEthereumecosystemgrowswithotherdecentralizedstakingprograms. Raydium(RAY)RoleinSolana’sGrowth Currentprice:$2.32 Marketcap:$611.04M RAY,thenativetokenofRaydium,hasbecomeanimportantparticipantintheSolanaecosystem.AstheSerumDEX’sAMM,RaydiumallowsRAYtokenstobestaked,havevotingprivileges,andgainallocationstonewDEXlistings.InQ32024,RaydiumfaredwellduetoSolana,whichagainwitnessedahikeinitsmemecointransactions.Theplatformachieveda90-dayannualizedrevenueof$62million,whichmakesRAYoneofthebesttokensintheDeFimarket. Conclusion Thesefivetokens—JUP,AERO,ENA,LDO,andRAY—representthediverseopportunitieswithintheDeFispace.Allthesetokensareessentialinsuchplatformsandcontributetotheincreasedusageofdecentralizedfinances.TheyarethetokensthatwilllikelycontinuetobekeydriversastheDeFifieldsgrowandgainadoption. cryptonewsland.com