Category: AI

Thecryptoderivativesexchange,Bitnomial,announcedthatithasraised$25millioninafundingroundledbyRippleLabs,asitintroducedaperpetualfuturestradingplatform-‘Botanical’intheUS. Accordingtotheofficialstatement,Botanicalislaunchedinaclosedbetaphase,andwillofferservicesincludingtradingperpetualfutures,traditionalfuturesandoptions. BitnomialCEOLukeHoerstenstated,“WearetakingaboldstepforwardinourmissiontoprovidearegulatedandinnovativetradingexperiencebylaunchingBotanical,whichwillprovideanalternativetoDEXesandVPN-basedworkaroundscommoninperpetualtradingtoday.” Meanwhile,RippleCEOBradGarlinghouseclaimed,“Bitnomial’sapproachtobringingoffshoretradingmodelsintotheU.S.derivativesindustrypresentsasignificantmarketopportunityastheyestablishacompliantderivativesmarketfordigitalassets,suchasXRP.” Withthelaunchofitsfuturesplatform,BitnomialaimstoleverageRipple’sRLUSDstablecoinforthesettlementoftheperpetualfutures. TheannouncementoftheinvestmentfundingcomesattheheelsofBitnomial’sfilinglastweekofalawsuitagainsttheU.S.SecuritiesandExchangeCommission.Initsfiling,BitnomialaccusedtheSECoverRipple’sXRPFuturesandchallengedtheregulator’sclaimsthat‘XRPisasecurity’. cryptonewsz.com

OnOctober15,2024,Teslamadewavesinthecryptoworldbytransferring1,800BTCat5:03p.m.EDTfromblockheight865,811.Thismarkedthefirststepinaseriesoftransactions,withthecompanyeventuallyshifting11,509BTC—worthover$760million—fromitsknownwallets.Thedestinationandpurposeofthesefundsremainunconfirmed,butspeculationhassurgedaroundthemove. Tesla’sMassiveBitcoinTransfer Teslaemptieditswell-knownBitcoinwallets,transferringtheentirebalancetoundisclosedlocations.TheaddressesreceivingthefundswerelegacyP2PKH(PaytoPublicKeyHash)addresses,withthefirsttransferinvolving1,800BTCsenttoawalletstartingwith“1D6Vh.”Thesefundshavenotbeenmovedsincetheinitialtransfer,sparkinginterestandspeculationwithinthecryptocommunity.Theremaining11,509BTCwasshiftedacrossapproximately20transactions,alltotalingover$760million. SpeculationSurroundingMusk\'sCryptoStrategy WithElonMusk\'sotherventure,SpaceX,holding8,285BTCvaluedat$555.47million,Tesla’smoveraisesquestionsaboutacoordinatedstrategy.Musk’scompanieshavebeenprominentplayersinthecryptospace,andtheselarge-scaletransfersmayindicateastrategicrepositioning,thoughitisunclearifTeslasoldtheBitcoinormerelyrelocateditforsecurityreasons.ThemysterybehindTesla’scryptotransfershascapturedtheattentionofanalystsandinvestors,sparkingdiscussionsaboutthecompany’sevolvingapproachtodigitalassets. Disclaimer:Theviewsandopinionsexpressedinthisarticleareforinformationalpurposesonlyanddonotconstitutefinancial,investment,orotheradvice.Investinginortradingcryptoassetscomeswithariskoffinancialloss. cryptoknowmics.com

GrayscaleInvestmentshasfiledtoconvertitsGrayscaleDigitalLargeCapFund(GDLC)intoanexchange-tradedfund(ETF),expandingitsexistingsuiteofcryptoETFs,accordingtoareportbyHeleneBraunforCoinDesk.GDLCcurrentlytradesover-the-counterandtrackstheCoinDeskLargeCapSelectIndex,offeringexposuretofivemajorcryptocurrencies:Bitcoin(BTC),Ether(ETH),Solana(SOL),XRP,andAvalanche(AVAX),weightedbymarketcapitalization. OnceapprovedbytheU.S.SecuritiesandExchangeCommission(SEC),thefundwilltradeontheNewYorkStockExchange(NYSE)followinga19b-4filingsubmittedbytheexchange.A19b-4filingisaformalrequestthatastockexchangesubmitstotheSECtoproposearulechange,suchaslistinganewsecuritylikeanETF.ThisfilingrequirestheSECtorespondwithinasettimeframe. AGrayscalespokespersonexpressedconfidenceintheproduct’sfuture,statingthatGDLCisdesignedtomeetgrowingdemandbyprovidingdiversifiedaccesstoaportfolioofleadingdigitalassets. ThisfilingcomesafterthesuccessfulconversionofGrayscale’sBitcoinTrust(GBTC)andEthereumTrust(ETHE)intoETFsearlierthisyear.However,bothGBTCandETHEhaveseeninvestoroutflowsexceeding$23billion,accordingtoFarsideInvestors.Despitethesechallenges,Grayscalehascontinuedtoexplorenewopportunities,withthefilingforGDLCpotentiallymarkingthefirm’sfifthETFlaunchthisyear. Grayscale’smoveshavetriggeredrenewedinterestinthemarket,withotherissuersfilingforETFslinkedtosmallertokenslikeXRP,Solana,andLitecoin. FeaturedImageviaPixabay cryptoglobe.com

Fivememecoins(HIPPO,$FUD,$BLUB,$AAA,and$SUIMAN)haveemergedastopperformersontheSuiNetwork. Thesememecoinsdemonstratethepowerofcommunity-drivenmarketingandcleverbrandinginthecryptospace. Whileshowingimpressiveshort-termgrowth,analystscautionabouttheuncertainlong-termviabilityofmemecoininvestments. Theyareaflourishingterrainformemecoins,andseveraltokenshaveemergedasquitepopularontheSuiNetwork.Newdatashowsfivebrightnamesthathaveinterestedinvestorsrecently.TheyincludeSudeng(HIPPO),FudthePug($FUD),BLUB($BLUB),AAACat($AAA),andSUIMAN($SUIMAN). Sudeng(HIPPO)LeadsthePack HavingthetickerHIPPO,SudenghasbecomeoneofthefavoritemembersoftheSuiNetwork.Amongthedefiningcharacteristicsofthetokenisthis:brandingandcommunityassociationhavestrengtheneditsuse. FudthePug($FUD)GainsMomentum $FUDimitatingthepopularpugbreedhasreceivedoneofthewarmestwelcomesamongSuiNetworkusers.Thetoken’snameisaplayonwordsto‘FUD’–Fear,Uncertainty,Doubtwhichhasbeenappreciatedbythecryptocommunity. BLUB($BLUB)MakesWaves ItisinthiscontextthattheBLUBtokenhasenteredtheemergingSuiNetworkmemecoinmarket.Thishasprovedtoworkwellforthetokensinceithasthesimplestofnamesbutiscatchyinamarketfullofsimilartokens. AAACat($AAA)ClawsItsWayUp Suchas$AAA,whichhasusedthecatthemeasawayofgainingasmuchmarketshareaspossible.Having‘AAA’insteadof‘AAA’ontheirtoken,thepromotersofthegivenmemecoinstargetedinvestorsinsearchofhigh-endmemetokens. SUIMAN($SUIMAN)FlexesItsStrength RoundingoutthetopfiveisSUIMAN,atokenthatplaysontheSuiNetwork’sname.Itsmachoapproachtobrandinghasdefinitelyaddedmoresteamamongstthememecoincommunitystakeholders. Thegrowthofthesememe-coinsintheSuiNetworkisaphenomenontypicalforthetotalcryptomarket.Usershaveseemedtobealwaysexcitedabouttokensthatcomewithacomedypartandarealittlericher.However,marketobservershavesomethingtonoteaboutmemecoininvestmentsastheyposemassiverisks. cryptonewsland.com

Amassivecryptocurrencywhalethatallegedlyhasa“100%winrate”hasrecentlyincreaseditspositiononthepopularmeme-inspiredcryptocurrency$PEPEafterafour-monthhiatus,adding101.7billiontokenstotheirwarstashinawithdrawalfromleadingexchangeBinance. AccordingtodatasharedonthemicrobloggingplatformX(formerlyTwitter)byacryptocurrencyanalyst,thecryptocurrencywhalehasbeensteadilybuildingitspositioninPEPEoverthepastfourmonths,beginningonJune1. Theirtotalholdingsnowstandat613.8billiontokens,valuedat$8.17million,accumulatedatanaveragecostof$0.0000133132pertoken,whichmeansthewhaleiscurrentlyholdingontoanunrealizedlossof$2.18million. 「PEPE波段胜率100%巨鲸」时隔四个月再次加仓$PEPE！ 12小时前他从#Binance提出1017亿枚PEPE，价值101万美金；上一次加仓还在06.20，知道有多少朋友挂念着你吗🥹 至此本轮波段自06.01起已横跨四个月，共建仓6138亿枚PEPE（817万美金），成本$0.0000133132，目前浮亏218万美金https://t.co/yJq39PrOyOpic.twitter.com/ZrgMQZ0aBs —Ai姨(@ai_9684xtpa)October12,2024 AsCryptoGlobereported,latelastmonthapopularcryptocurrencystrategistknownforaccuratelycallingthecryptocurrencymarketbottomin2018,haspointedtothememe-inspiredcryptocurrencyPEPEas“easymoney”afteritformedanascendingtrianglepattern. Anascendingtriangle,it’sworthnoting,isatypeofchartpatternthattechnicalanalystsusetopredictpricemovements.Itconsistsofahorizontallinethatconnectsthehighpointsofthepriceandarisinglinethatconnectsthelowpointsoftheprice.Thetwolinesformatriangleshapethatisusedtolookforpricebreakouts,eitherupordown. Ascendingtrianglesareusuallyseenascontinuationpatterns,meaningthattheyindicatethatthepricewillcontinueinthesamedirectionasthetrendbeforethetrianglewasformed. It’sworthnotingBluntzisfamousfor,inJune2018,predictingthebearmarketthatwasseeingthepriceofbitcoindropfromathenall-timehighnear$20,000wouldendwiththecointradingat$3,200.Thepredictionwasnearlyaccurate,asBTChitthetargetinDecemberofthatyear. FeaturedimageviaPixabay. cryptoglobe.com

U.S.VicePresidentKamalaHarrishaspledgedtosupportdigitalassetpoliciesthatprotectcryptoinvestors,especiallyblackmenparticipatinginthesector. Thepromisewaspartofawide-rangingagendatargetingmenofcolorwhomtheDemocraticflagbearer’steambelievescouldbepivotalintheNovemberpresidentialelections. SecuringBlackMaleVotersviaCrypto InanOctober14release,theHarriscampaignpromisedtheircandidatewouldcreateaconducivecryptoregulatoryframeworktoprotect“blackmenandothers”whoparticipateinthemarket. Harrispointedoutthat20%ofblackpeopleintheUnitedStatesownorhavepreviouslypossessedcryptoassets.Shealsoacknowledgedtherolethese“newtechnologies”wereplayinginbroadeningtheiraccesstoaffordablebankingandfinancialservices,somethingsheadmittedtheyhadbeendeniedinthepast. However,theteamprovidednofurtherdetailsastowhatpreciselytheregulatoryframeworkbeingadvocatedwouldentail. Thecandidate,wholaterspokeataneventinErie,Pennsylvania,alsodidnotelaborateontheplan.Asnotedbyobservers,theVPevenfailedtomentiontermsassociatedwiththecryptoindustry,suchas“blockchain”or“digitalassets,”inherspeech. Onecritic,BitcoinMagazine’sNikolausHoffman,calledHarris“theworstcandidateforBitcoin,”describingherlatestpledgeas“race-based.” ThescribecomparedherapproachtoDonaldTrump’s,whichhejudgedasbeing“muchbetter,”giventhattheformerpresidenthadactuallygivenspecificdetailsaboutwhatheintendstodoforcrypto. Trump’sPro-CryptoStanceGainsMomentum TheHarristeamitselfhadnokindwordsforTrump,claiminghehad“repeatedlyshownopencontemptforblackAmericansandblackmen.”However,theRepublicancandidate,whorecentlydeclaredhimselfthe“CryptoPresident,”hasmadealotofheadwaywithinthecommunity. Afteryearsofdiscreditingvirtualassets,Trumphadanapparentchangeofheartinthiselectioncycle.Heembracedtheindustryfull-heartedlyandmadewholesalepromisesofputtinginplacefriendlierregulatorsaswellascreatingaBitcoinadvisorycouncilifhewonthepresidentialrace. Onlylastmonth,TrumpmadeheadlineswhenhevisitedPubKey,aNewYorkbarthatacceptscrypto,andboughtburgers. The78-year-oldseemstobetyinghimselfevenmoretightlywiththedigitalassetssectorafterhisfamilyfrontedanewdecentralizedfinance(DeFi)projectdubbedWorldLibertyFinancial(WLF).TheprojectisduetostartsellingitsnativeWLFItokenasitlookstoraise$300million. Harris,onherpart,hashadtoshakeofftheanti-cryptotagthatcamewithherbeingpartoftheBidenadministration. Theadministration’sfaceattheSecuritiesandExchangeCommission(SEC),GaryGensler,hasbecomehugelyunpopularincryptocirclesforwhatsomeperceiveasregulatoryoverreachinhispolicingoftheindustry. cryptopotato.com

GoodnewsforXRPholdersasthepricemoveshigher. KeySupportlevels:$0.54 KeyResistancelevels:$0.60,$0.68 1.PriceReclaimsKeyLevel Aftersomehesitation,buyersmanagedtopushXRPbackabovethe54centslevel,whichisnowactingaskeysupportagain.Aslongasthepriceholdsabovethiskeylevel,XRPhasaclearwaytomovehigherandchallengetheresistanceat60centsnext. 2.BuyVolumeRemainsLow Evenifbuyersmanagedtoscoreavictorythisweek,thevolumedoesnotshowhighconviction.SincethepricedropinlateSeptember,buyvolumehasbeenweak.IfXRPhopestochallengethe60centslevelinthefuture,bullshavetostepup. 3.MACDBullishCrossonDaily ThedailyMACDbringsgoodnewsafterabullishcross.Thissignalsthatmomentumisshiftingtothebuysideandcouldbejustthestartofasustainedrally.Itisstillearly,butthisispromising.Atestoftheresistanceat60centswouldlikelyputbuyersbackincontroloftheprice. cryptopotato.com

SHIB’suptrendremainsintactwhichputsbullsinchargeofthepriceaction. KeySupportlevels:$0.000014 KeyResistancelevels:$0.000020 1.SHIBEyestheKeyResistance BuyershavebeenslowlymovingSHIBhigherandhigherafterthesharppullbackinearlyOctober.Theydidnotyetreachthekeyresistanceat$0.000020,butthisistheircurrenttarget.Whilethepricewasrejectedtherelasttime,asecondattemptcouldbeinterpretedasbullish. 2.UptrendHoldingSteady Thepricehasbeenmakinghigherlowssincemid-Septemberandformedaclearuptrend.Aslongasthisholds,buyershavetheupperhand.Anotherpushandthepricecanquicklyreachthekeyresistanceat$0.000020next. 3.DailyRSIisBullish ThedailytimeframeRSIhasbeeninabeautifuluptrendsinceAugust.InlateSeptember,whenitreachedoverboughtlevelsatover80points,sellerspushedSHIBintoacorrectivemove.Sincethen,theRSIhasheldsteadyabove50points,puttingitonthebullishside.Thissupportshigherpricelevelsinthefuture. cryptopotato.com

Indianpolice,withsupportfromcryptoexchangeBinance,havedismantledafraudulentschemerunbyM/sGoldcoatSolar,whichposedaspartofanationalsolarenergyinitiative.Thecriminalsluredinvestorsbyimpersonatingofficialsandpromisinghighreturns.Multiplearrestsweremade,andcryptocurrencyassetswereseizedaspartoftheoperationtoshutdowntheelaboratescam. DelhiPoliceandBinanceCollaboratetoBustMajorSolarEnergyFraud TheDelhiPolice,withsupportfromcryptoexchangeBinance,successfullydismantledafraudulentoperationledbyM/sGoldcoatSolar,afakeentityposingasalegitimatesolarenergycompany.TheschemeluredinvestorsbyfalselyclaimingtohavesecuredrightsfromtheGovernmentofIndia,MinistryofPower,toparticipateinthecountry’splantoexpandsolarenergycapacityto450gigawattsby2030.TheperpetratorspromotedM/sGoldcoatSolaraspartofanationalenergyproject,trickingindividualsintoinvesting. AccordingtoBinance: Theoperationledtothearrestofmultipleindividualsandtheseizureofover100,000USDTincryptocurrencyassets. ThefraudstersbehindM/sGoldcoatSolarusedsocialmediatoadvancetheirscheme,misleadinginvestorswithpromisesofhighreturns.AsBinancestated,“Theelaborateschemedeceivednumerousindividualsintobelievingtheycouldinvestinthenationalenergyplanandearnsubstantialreturns.” Thecriminalsimpersonatedgovernmentofficialsandevenusedthenamesofdignitariestoaddlegitimacytotheirclaims.Binanceexplained,“Thefraudstersimpersonatedhigh-levelgovernmentofficials,andevenusedthenamesofhighdignitaries,tofalselyendorsethescheme.Victimswereshownfabricatedproofsofearnings,allegedlyfromearlierinvestors,tolegitimizetheschemeandbuildtrust.” Thefraudulententityusedvariousmethodstoconcealitsactivities,includingfunnelingmoneythroughdifferentbankaccountsandconvertingsomefundsintocryptocurrency.Binancehighlighted: Aspartoftheirfraudulentscheme,thesyndicatefunneledmoneydepositedbyvictimsthroughvariousbankaccounts,withaportionofthefundsbeingconvertedintocryptocurrency,addingfurtherchallengestoinvestigators. Binance’sHeadofLawEnforcementTraining,JarekJakubcek,pointedoutthatthecaseshowstheimportanceofpublic-privatepartnerships,saying,“Binancehasbeenconductingsharingsessionswithgloballawenforcementagencies,andthiscasehighlightsthepositiveoutcomesofthesecollaborations.” news.bitcoin.com

WIFshowsstrongtechnicalindicators,suggestingapotential30%priceincrease. RecenttradingvolumesurgeindicatesheightenedinvestorinterestinWIF’smarketpotential. Keyresistancelevelat$2.95mustbebrokenforsignificantupwardmomentum. Marketsentimenthasshiftedsignificantlyasinvestorsseekthenextbigopportunity.Now,Dogwifhatisgainingattentionwithastrongtechnicalsetupandbullishindicators.Asthemarketheatsup,nowmaybetheperfecttimeforinvestorstoconsiderthispromisingaltcoin. TechnicalAnalysis:KeyLevelstoWatch Dogwifhat(WIF)recentlysurgedtoakeyresistancelevelof$2.95.ThismarksthethirdattempttobreakthroughsinceJune2024.Inthepast,reachingthislevelcausedasharppricedeclineofover50%. However,thistimefeelsdifferent.Theupcomingpresidentialelectionandabroadercryptorallyinjectfreshoptimism.IfWIFclosesadailycandleabove$2.95,apotential30%increasetoabove$4couldfollow. $WIFisthiscloseto$3🤏 Pricetargetforthisweekis$4.8! Oncethisresistancegetbroken. Thehatstayson!pic.twitter.com/rRK4O9MyHo —Dami-Defi(@DamiDefi)October14,2024 Onthefour-hourchart,WIFalreadycrossedthislevel,butstrugglespersistonthedailychart.Theupwardtrajectoryremainsstrong,withWIFtradingabovethe200-dayExponentialMovingAverage(EMA).Thispositioningsuggestssolidmomentum. BullishIndicatorsandMarketSentiment WIF’soutlookbrightenswithpositiveon-chainmetrics.CoinglassreportsaLong/Shortratioof1.03.ThisindicatestradersfeeloptimisticaboutWIF’spotential.Additionally,openinteresthassurgedby15%inthepast24hours. Injustfourhours,thepriceclimbedanother5.5%.ThissurgereflectsgrowinginterestasWIFapproachesitsresistancelevel.Asofwriting,WIFtradesat$2.86,showingaremarkable9.5%priceincreaseoverthepastday. Tradingvolumehasskyrocketedby45%,indicatingheightenedmarketparticipation.Tradersseemeagertocapitalizeonthismomentum,drivenbybullishsentiment.AsWIFnearsacriticaljuncture,technicalanalysisandrobuston-chainmetricspaintanoptimisticpicture. Fornow,investorsshouldweightherisksandrewardsbeforedivingin.Withpositiveindicatorsandrisingmarketinterest,nowmaybetherightmomenttoconsiderWIFforinvestment. cryptonewsland.com