Category: AI

XRPisseeingincreasedinvestorinterestduetomajorfirmsquietlyaccumulatingtokens. RisingsilverpricesandmarketpressurescouldimpactXRP’svaluesignificantly. Ripple’slegaldevelopmentsmayshapethefutureofXRPanditsmarketpresence. XRPisgainingtractionamonginvestorsasmarketdynamicsshift.AnalystVersanfromBlackSwanCapitalistrecentlynotedonXthatXRPisattractinginterestthroughwhathedescribesas“secretinvestment.”Areportfrom2023revealedthatJPMorganandBlackRockhavequietlyaccumulatedsignificantamountsofXRPbecausetheyviewitasalong-terminvestmentopportunity. In2023,aleakedreportsurfacedshowingthat#JPMorganand#BlackRockwerequietlyaccumulatingmassiveamountsof$XRPasalong-termplay Fastforwardto2024,andnowthe#SEC’sunderheavypressure,withETFfilingsrampingupacrosstheboard Timingiseverythingpic.twitter.com/J6eeaXS49p —BlackSwanCapitalist(@VersanAljarrah)November2,2024 RegulatoryPressuresMount As2024unfolds,theSECfacesincreasedscrutinybecausethesurgeinETFfilingsputspressureontheagency.ReportssuggestthatJPMorganandBlackRockmaybeinfluencingXRP’sprice.AccordingtoCryptoGeekNews,thesefirmsallegedlymanipulateXRP’svaluetoenhancetheirBitcoinholdings.Thissituationraisesseriousconcernsamongmarketobserversandinvestors. 🚨BREAKING:BlackRockandJPMorganAccusedofManipulating$XRPPricetoIncreaseHoldings(ProofReportsAttached) TheCTFTokenisexpectedtofacilitate$1trillionintransactionswithin#DeFi. DespitecurrentlyhavinglessthanaquarterofXRP\'smarketshare,theCTF…pic.twitter.com/qFGHMlakVm —CryptoGeek(@CryptoGeekNews)August4,2024 JPMorganforecaststhatsilverpricesmayriseto$36perounceby2025duetoseveralfactorsthatcontributetothisexpectation.IftheFederalReserveimplementsmonetaryeasingandreducesinterestrates,thedollarmayweakensignificantly,andcommoditieslikesilvertradedindollarsmightseepriceincreases. Ripple’sLegalDevelopments OnOctober24,RipplesubmittedFormCtooutlinekeyissuesforitscross-appeal,asthisactionfollowsachallengetoacourtjudgment.Ripplehassetaside$125millionforpotentialremediesinanescrowaccount,andtheSecondCircuitCourtofAppealshasinstructedtheSECtofileitsbriefbyJanuary15,2025.Consequently,theappealprocessmayunfoldinearly2025withacourtargumentlikelyinthefallfollowedbyafinalrulinglaterthatyear. XRP’songoingdevelopmentsreflecttheintersectionofinvestorinterest,regulatorypressures,andmarketdynamics. cryptonewsland.com

BitcoinminingfirmRiotrecorded$84.8millioninrevenueinthethirdquarterof2024,representinga65%increaseoverthesamequarterin2023. Thisgrowthcanbeattributedtothe159%year-over-yearincreaseindeployedhashratewhichreached28EH/sbytheendofthequarter. Riot’sQ3FinancialResults Accordingtotheofficialpressrelease,thesurgeinhashratehasenabledRiottomaintainstrongoperationaloutput,producing1,104Bitcoinduringthequarter.Notably,thisproductionlevelalignswiththecompany’sBitcoinoutputfromthethirdquarterof2023,eveninthecontextoftherecenthalvingevent. However,thequarterendedwithanetlossof$154.4million,reflectingarisefromanetlossof$80millioninthesamequarterof2023.Riotreportedthatthisfigurewascomprisedofanunrealizedlossonmarketableequitysecuritiesof$38million,$30millionrelatedtonon-cashstock-basedcompensationexpenses,and$60millionattributedtodepreciationandamortization. Inastatement,RiotCEOJasonLesrevealedthattheminingcompanyendedthequarterwithapproximately$1.3billionincash,restrictedcash,marketableequitysecurities,and10,427Bitcoinheld.Theexecadded, “Lookingforward,Iamincrediblyexcitedaboutourfuturepath,asourteamscontinueworkingtodevelopanddeployevenmorepowercapacityandhashrateacrossTexasandKentucky,towardsRiot’snextgoalofachieving100EH/sinself-miningcapacity.” RiothadpreviouslyannouncedtheacquisitionoftheKentucky-basedfirmBlockMininginatransactionwortharound$92.5million.Thedealincluded$18.5millionincashfromRiot’sreservesand$74millioninRiotcommonstock. HashRateProjectionsRevised Riothasreviseditsself-mininghashratecapacityexpectations,whichnowpredictsatotalcapacityof34.9EH/sbytheendof2024,downfromthepreviouslyprojected36.3EH/s.ThisadjustmentismainlyduetodelaysintheexpansionofthenewlyacquiredKentuckyfacilities,whicharenowexpectedtobeoperationalin2025insteadof2024. Thecompanysaidthatitanticipatesanend-of-yearcapacityof46.7EH/sfor2025,adecreasefromtheearlierestimateof56.6EH/s.Meanwhile,theCorsicanaFacility’sfulldevelopmentisexpectedtowrapupby2026alongsideKentuckyexpansionplanstoachieveatotalhashratecapacityof65.7EH/sbytheendofthatyear. cryptopotato.com

Solanacontinuestoprovethatit’soneofthetopblockchainsforthiscycle.Afteritsrally,whichgained35%overthepast60days,thepopularLayer1blockchainisbackinthenewswithmoreon-chainactivities. Accordingtorecentdata,Solana’sDeFiTotalValueLockedorTVLincreasedto$5.7billioninthethirdquarter,reflectinga26%improvementfromthepreviousquarter. Kamino,acryptolendingservice,leadsthecountwith$1.5billioninTVLandanimpressive7%Quarter-on-Quartergrowth,helpedbyjupSOLandPYUSDadditions.RecentdataalsosuggeststhatSolana’smarketcapisnow$3.8billion,animprovementof23%,boostedbytheintegrationofPayPal’sPYUSD. DeFIContinuesToDriveGrowthForSolana SolanaDeFitopsthechain’sactivitieswithatotallockedvalue,worth$5.7billion.ThislatestSOLdatareflectsasolid26%growthQoQ,pushingtheblockchaintobecomethirdlargestinthismetric,surpassingTron. InaMessarireport,Solana’sTVLincreasedduetoincreasedactivitiesforKamino,whichaccountedfor$1.5billionofthetotalcontractslocked.Kamino’srecentquarterlyfigurerepresentsa57%rise,thankstotherecentintegrationofjupSOLandPYUSD. AsidefromKaminoFinance,Solana’sblockchainfeaturedlockedassetsforRaydium,with$1.1billion,andJupiter,with$749million.KaminoFinance’simpressiveperformanceislinkedtoitsKaminoLendV2launch,offeringapermissionlessvaultandmarketlayer. AnalystsexpectKaminoFinancetocontinueitsdominancebyaddingnewprojectsliketheSpotLeverageandLendingOrderbook. SolanaDEXShowsSignsOfSlowingDown Solana’sDEXactivitywasdown10%QoQbutreboundedabitbyOctober.Theaveragedailyvolumeontheblockchain’sexchangehit$1.7billion,largelybecauseofafallinmemecoins. RaydiumretainsitsdominanceonSolana’sDEX,witha51%marketshare,althoughitsdailyaveragevolumedippedby13%to$852million.Thevolumeincreasedby$350millionwiththereleaseofMoonshot,acryptomobiletradingapp. Jupiteralsostayedatthetop,cornering43%ofthetotalspotexchangevolume.Recentdevelopments,includingthereleaseofJupiterMobileandtheintegrationofGooglePayandApplePay,helpedtheplatform. SOL’sStablecoinsGetHelpFromPYUSD InthesameMessarireport,PayPal’sPYUSDliftsSOL’sstablecoinmarket.ThePYUSDwaslaunchedinMayinSolana,whichismainlyinstrumentalinitsmarketcapgrowth,whichnowstandsat$3.8billion.Withexcitingfeatureslikeprogrammabletransfersandtransferhooks,PayPal’sPYUSDbecameinstantlypopular. AsidefromPYUSD,USDCalsocontributestoSolana’sstablecoinsmarket.Circle’sintegrationofWeb3.0servicesforSOLprovidesenterprisefunctionalityfeatureslikefeesponsorshipandprogrammablewallets,allowingdeveloperstointegratemulti-chainsolutionsquickly. FeaturedimagefromStormGain,chartfromTradingView newsbtc.com

ThecryptocurrencymarkethasfallenjustaheadofBitcoinbreakinganewall-timehighpricerecord,withtheBTCpricetradingat$68,200atthetimeofwriting. Inthenewweek,eventsthatcandirectlyaffectthecryptocurrencyworldsuchastheFED\'sinterestratedecisionandtheUSPresidentialElectionwilloccur.Inaddition,largeamountsoftokenunlocksareexpectedinmanyaltcoins. Hereisthetokenunlockcalendarthatwe,asBitcoinsistemi.com,havepreparedspeciallyforyou. (AlltimesarestatedasUTC+3Türkiyetime) MinesofDalarnia(DAR) MarketValue:$81.53million TokenUnlockAmount:$2.83million(3.47%ofMarketValue) Date:November4,2024,03:00 ZeusNetwork(ZEUS) MarketValue:$35.12million TokenUnlockAmount:$2.15million(6.11%ofMarketValue) Date:November4,2024,15:00 Sei(SEI) MarketValue:$1.29billion TokenUnlockAmount:$1.79million(0.14%ofMarketValue) Date:November4,2024,18:00 Celestia(TIA) MarketValue:$1.81billion TokenUnlockAmount:$4.47million(0.25%ofMarketValue) Date:November4,2024,21:00 Galxe(GAL) MarketValue:$16.59million TokenUnlockAmount:$12.79million(77.12%ofMarketValue) Date:November5,2024,08:00 HeroesofMavia(MAVIA) MarketValue:$34.84million TokenUnlockAmount:$11.62million(33.30%ofMarketValue) Date:November6,2024,15:00 Automata(ATA) MarketValue:$39.69million…

PolymarketdatashowsRepublicanpresidentialnomineeDonaldTrump’sleadoverhisDemocraticopponent,VicePresidentKamalaHarris,hasweakenedbutremainsdominant. Asperthedata,thetwice-impeachedformerpresident’soddsdeclinedfrom66.9%to54%. Meanwhile,Harrishasseenasubstantialincreaseinherchances,risingfrom33.5%to46.1%.ThisshiftreflectschangingmarketsentimentasElectionDay,Nov.5,approaches. Source:Polymarket BuiltontheEthereumblockchain,Polymarketallowsitsuserstobuyandsellsharesindifferentreal-worldoutcomesbybettingastablecoin(USDC),ratherthanmorevolatilecryptocurrencies. AccordingtotheWallStreetJournal,aPolymarketgamblerknownasThéoiswageringmorethan$30milliononaTrumpvictory. Iowapoll,Epsteintapes TheshiftinmomentumcomesasthelatestDesMoinesRegister/MediacompollresultsbodewellforHarris. AccordingtoAnnSelzer,aprominentAmericanpollsterknownforbeinghighlyaccurate,HarrisleadsTrumpinIowabythreepercentagepoints. Accordingtothepoll,Harrisretained47%supportcomparedtoTrump’s44%amonglikelyvoters.ThisrepresentsamajorswingfromSeptember’spoll,whichshowedTrumphavinga4-pointadvantage. SelzertoldNewsweekthatthesamemethodologywasusedthisyearasin2016and2020—twoyearswhenTrumpwonIowa. Meanwhile,TheDailyBeastrecentlypublishedrecordingsfrominterviewsauthorMichaelWolffconductedin2017withconvictedsextraffickerJeffreyEpstein. Epstein,whospokeatlengthduringtheinterviewsabouthisdecade-longfriendshipwithTrump,diedinAugust2019ataNewYorkCityprison,wherehewasawaitingtrial. Youmightalsolike:CryptoVCfunding:Krakenbags$42.5mfromOptimism,GlowLabsraises$30m TrumpandHarrishavevariedcryptostances Thecandidates’positionsoncryptocurrencyregulationhavebecomeincreasinglyrelevanttoinvestors.Trumphasemergedasavocalsupporterofcrypto. HehasevenmadeapubliccommitmenttobackcryptocurrencyduringaMayeventatMar-a-Lago.Trump’scampaign’sdecisiontoacceptcryptodonationsfurtherstrengthensthispro-cryptostance. Harris’sapproachtocryptohasbeenmoremeasured.InSeptember,sheindicatedheradministrationwouldsupportcryptoaspartofabroaderstrategytoenhanceeconomiccompetitiveness. WhileherstatementshavebeenlessdefinitivethanTrump’sexplicitendorsements,HarrisreceivedanendorsementfromRipple(XRP)co-founderChrisLarsen,whodonatedover$11.8milliontohercampaign. LarsentoldCNBCthathebelievestheDemocraticcandidatewilltakeacompletelydifferentapproachtocryptothanPresidentJoeBiden,whohasbeencriticizedforpickingGaryGenslertochairtheU.S.SecuritiesandExchangeCommission. AsstatepollsandPolymarketpredictionscontinuetoshowvolatility,Bitcoin’s(BTC)pricehasreflectedtheuncertainpoliticalenvironment. Thisisevidentfromitsrecentpricedropto$68,000.Accordingtothelatestdata,theglobalcryptomarketcaphasplungedby1.95%to$2.28trillion. Bitcoinwentaslowas$67,300butmanagedtoclimbabove$68,000atpresstime.Ethereum(ETH)isnoexception,asitfelltothe$2,400level. Source:CoinGecko Readmore:BinancefounderChangpengZhaospeaksaboutapossiblereturntotheexchange crypto.news

Transak,aprominentplayerinWeb3payments,recentlyannouncedthatitsCanadianentity,TransakCanada,hasofficiallyregisteredwithFINTRAC,theFinancialTransactionsandReportsAnalysisCentreofCanada.ThisdevelopmentcoincideswithsignificantgrowthintheCanadiancryptocurrencymarket.ABankofCanadasurveyfoundthatabout13%ofCanadianshadinvestedinBitcoinin2021whichshowsagrowingtrendintheuseofcryptocurrencies. 🇨🇦Bignews,Canada!🚀@TransakisnowFINTRACregistered,whichmeanseasier,saferaccesstocryptoacrossthecountry! Readmoreon@Investingcom➡️https://t.co/3Wtkz0ciEY Whatyouget👇🏼–QuickCryptoBuys&Sells-Sayyestoeasytransactions–SecurePayments-…pic.twitter.com/VSYqVjnbNl —Transak(@Transak)November3,2024 CanadaAdvancesinCryptoRankingsasKeyMarketforTransak FromtheChainalysis’reports,therankingofCanadaincryptocurrencyadoptionrosefrom20thin2022to19thin2023andthento18thin2024.Thisgradualincreaseisevidenceofthegradualincreaseintheadoptionofdigitalassetsinthecountry. AccordingtoBryanKeane,theComplianceOfficeratTransak,thecountryisakeymarketforTransakandtheoverallcryptocurrencyspace.HestressedthathelpingCanadianstobuydigitalassetswithouthavingtodealwithcompliancehurdlesontheirownisamajorgoal.Keanealsostatedthathewasoftheopinionthattheproperlegalrequirementsareimportantforthesustainabledevelopmentofthesector. TransakEnhancesCryptoAccessibilityforCanadianCustomerswithInterace-Transfers Withtheregistration,TransakbecomesregisteredMoneyServicesBusiness(MSB)withFINTRAC–anindependentagencythatpolicesthefinancialsystemagainstlegalviolations.Togetthisregistration,severalcompliancemeasureswererequiredsuchasassessmentofcustomers;KYC/AML,measuresagainstmoneylaunderingandfinancingofterrorism,andpoliciesinfinancialreporting. KeanealsoaddedthatthisregistrationnotonlyhelpedTransakbutalsoincreasedconfidencewithintheentireCanadiancryptospace.Consequently,CanadiancustomersarenowabletousecreditanddebitcardsaswellasInterace-Transfersforpayments.ThisnewcomplianceframeworkprovidesthecompaniesusingTransakserviceswithanopportunitytoeasilyimplementcryptoon/offrampsintotheirapplications. blockchainreporter.net

Solana’scurrentconsolidationphasehintsatapossiblerallyreminiscentofpastcycles. FractalanalysisshowsSOLmayreach$300-$400byearly2025. AnalystshighlighthistoricalpatternsasabasisforpredictingbullishmomentumforSOL. Solana(SOL)isatastageofpricefluctuation,whichlooksmoreliketrendsspottedduringearlierphasesofgrowth.Scientistsarepayingattentiontoacertainmarketbehaviorcallingitarallythatoneobservedintheprioryearwithexpertslikelytosuggestthatamajorstockpriceactivityispossible.AnalysessuggestthatSOLcouldbearound$300–$400bythefirstquarterof2025. UnderstandingtheCurrentConsolidationPhase ThelatestpricechartforSOLrevealsasidewaystradingpattern,signalingaperiodofpriceconsolidation.Normallythisstageisfollowedbyeithersignificantupordownwardmovementorsomelateralbutalsofairlylimitedforacertainperiodofrangeboundtrading. $SOLPriceUpdate🚨 ◽Goingthroughaconsolationphase ◽Fractallooksprettysimilartolastyear\'spump. ◽Expecting$300-$400byQ12025pic.twitter.com/Yca4re8UCt —AMCrypto(@AMCryptoAlex)November3,2024 Fromthecharteddata,itisevidentthatSOLhashadprevioussuchconsolidationrecentlywherebyaftersuchconsolidationtherewasastrongsurgeupwards.Thecurrentconsolidationisattractingtradersandinvestors’attentionastheysuggestthatitisthebeginningofthepattern,whichresultedinasignificantincreaseinstockpriceslastyear. FractalAnalysisPointstoSimilarTrendswithPriceProjections Adeeperlookintothechart’sfractalpatternssupportsthispossibility.Reversalsoroscillations,orfractalsastheyarecalled,enableanalyststopredictfuturepatternsofmarketmovementsbasedonpastpatterns.Thechartestablishedthatthecurrentstructurereplicatesthepriorperiod,whichsawSOLsurgeinvalue.Suchsimilaritiesrepresentarationaleofpotentialbullishmomentuminthenextcoupleofmonths. Accordingtotheexperiencedanalystsgiventheobservedtrends,Solanapricecouldhit$300-$400duringthefirstquarterof2025.Thisexpectationisbasedontheideathatthemarketnowassumesanestablishedtrendwherethepresentconsolidationphaseisexpectedtospurgrowth.However,asisthecasewithallprojections,unlesssuchchangesarefullyanticipatedandincorporatedintothemodel,variousexternalmarketconditionshadaroletoplayintheoverallresult. cryptonewsland.com

CoreDAOhasrecentlycelebratedamomentousweeklydevelopmentwithmorethan6.5Mtransfersand2.2Mactivewallets.AsperCoreDAO,thisriseinthenumberofactivewalletsandtransfersdenoteswidespreadconsumeradoptionandgrowth.Theplatformtooktosocialmediatoprovidedetailsofthislandmarkachievement. IthasbeenahistoricweekforCore!🔶 •6.5+milliontransactions•2.2+millionuniqueactivewallets•$100,000addedinTVL•Top5blockchainbyuniqueactivewallets ThisisjustthebeginningoftheBTCfirevolution!🌎🔥pic.twitter.com/DJYUzpLGLv —CoreDAO🔶(@Coredao_Org)November2,2024 CoreDAORecordsaSurgeinNumberofActiveWallets,Transfers,andTVL TheplatformnotedinitslatestXpostthatthesignificantspikeinactivewalletsandtransactionsparallelsotherdevelopments.Inthisrespect,CoreDAOhaswitnessedasurgeinthetotalvaluelockedthereof.Anadditionalamountof$100,000hasenteredtheTVLoftheplatformwithinoneweek. TherespectivegrowthmirrorsasubstantialincreaseininterestandconfidenceintheblockchainecosystemofCore.Forthispurpose,itprovidesDeFiopportunitiesinlinewithBitcoin’sprinciples.ThesurgingTVLreflectsCoreDAO’scapabilitytosecuremoreliquidityandcapital.Withthis,itcancarryoutthescalingofDeFiappsalongwithpromotingsustainablegrowth. ThePlatformLeveragestheDecentralizationandSecurityofBitcointoRevolutionizetheDeFiSector Thisremarkableachievementoccursamidasurgingtrendwhereblockchainprojectsareprioritizingdecentralized,Bitcoin-compatible,anddecentralizedecosystems.TheBTCFimodelofCoreDAOleveragestheresilientsecurityfeaturesofBitcoinapartfromintegratingexclusiveDeFifunctionalities.AccordingtoCoreDAO,itprovidesauniqueblendofappealingDeFiproponentsandBitcoinenthusiasts.TheplatformtargetstoredefinetheDeFisectorbyleveragingthedecentralizationandsecurityofBitcoin. blockchainreporter.net

WizKhalifa’sTwitteraccountappearstohavebeenhackedinanattempttopushafraudulentcoinontounsuspectingfollowers. Inasince-deletedpost,hackersusedWiz’saccounttoshillanewtoken,promptingquickreactionsfromthecryptocommunity. On-chaininvestigatorZachXBTwasthefirsttorespond,warningusers,“Donotbuythis,hisaccountishacked.”Headdedthat,“It’sthesamescammerwhohackedAndyAyreyrecently.” SIMswapattackleadstomajorscam Ayrey,thecreatorofTruthTerminal—acryptocurrencybotpoweredbyAI—washackedjustdaysbefore.HisTwitter(X)accountwascompromised,allowinghackerstopromoteafraudulentmemetokenandpulloffamassivepump-and-dump. ThisrecentbreachinvolvingWiz’saccounthasdeepenedconcernsaroundsecurity,especiallygiventhetacticshackersareusingtoexploithigh-profileaccountsincrypto. ThehackersusedaSIMswaptotakeoverAyrey’saccount.ASIMswapletshackersgaincontrolofavictim’sphonenumber,whichtheythenusetoresetpasswordsandaccesslinkedaccounts. Onceinsidetheaccount,hackerspromotedatokencalledInfiniteBackrooms(IB),hypingitenoughtosenditsmarketcapsoaringto$25millioninamatterofhours. Inthisscheme,hackersinitiallybought124.6millionIBtokensforabout$38,400.AsthepromotiononAyrey’saccountcausedthepricetospike,theyquicklydumpedtheirtokens,makingoffwith$602,500within45minutes. Afterthedamagewasdone,allpostsrelatedtothescamwerewipedfromAyrey’saccount,butbythen,itwastoolateforaffectedinvestors. ThehackleftAyrey’sportfolioandthewidermemecoinmarketinshambles.TruthTerminal,knownforholdingmillionsinmemecoins,tookahardhit.OneofthemostaffectedwasGOAT,aSolana-basedmemecointhathadbeengainingtraction. Thetoken’spriceplummetedby34.5%followingthehack.GOAThadbeentradingatahighof$0.8788justtendayspriorbuttankedto$0.4686,signalinghowinvestortrustinmemecoinstookablowduetothisincident. cryptopolitan.com

TheCardanopriceplunged4.8%duringtheSundaytradingsessionto$0.33.ThebearishdownturnlikelyfollowedtheBitcoinpricedropbelow$68,000asthecryptomarketwitnessedasurgeinsellingpressureaheadoftheU.S.presidentialelection.WillthecorrectionextendtheADAbuyercoilcounterattackforthesurgeto$0.5inNovember?