Category: AI

Accordingtodata,WorldLibertyFinancial,backedbyDonaldTrumpandhisfamily,hasstartedsellingtokensonitssite.

GrayscalehasfiledtoconverttheGrayscaleDigitalLargeCapFundintoanexchange-tradedfund. ThefundtrackstheCoinDeskLargeCapSelectIndexwhichmeasuresthemarketcapweightedperformanceofsomeofthelargestcryptocurrencies. AspokespersonforGrayscalesaidthatafilingdoesnotautomaticallymeanthatitwillbringaproducttomarket. GrayscaleInvestmentshasfiledtoturnitsmulti-tokenfund,theGrayscaleDigitalLargeCapFund(GDLC:OTCQX),intoanexchange-tradedfund(ETF),addingtoitsofferingsofcryptoETFsaftertheconversionofitsbitcoin(BTC)andether(ETH)fundsearlierthisyear. ThefundtrackstheCoinDeskLargeCapSelectIndexwhichmeasuresthemarketcapweightedperformanceoffiveofthelargestcryptocurrencies,includingbitcoin(BTC),ether(ETH),solana(SOL),XRP(XRP),andavalanche(AVAX). OnceapprovedandconvertedintoanETF,thefundwhichcurrentlytradesoverthecounter,willtradeontheNewYorkStockExchange,whichsubmitteda19b-4filingwiththeSecuritiesandExchangeCommission(SEC)onTuesday. “Grayscaleisalwayslookingforopportunitiestoofferproductsthatmeetinvestordemand.Occasionally,Grayscalewillmakereservationfilings,thoughafilingdoesnotmeanwewillbringaproducttomarket.Grayscalehasandwillcontinuetoannouncewhennewproductsareavailable,”aspokespersontoldCoinDesk. ItwouldbeGrayscale’sfifthETFlaunchthisyearaftertheconversionoftheGrayscaleBitcoinTrust(GBTC)andtheGrayscaleEthereumTrust(ETHE)aswellastwominiversionsofthefundsearlierthisyear. BothGBTCandETHEhavebledmoneysincelaunchinginJanuaryandAprilasinvestorshavepulledover$23billionoutofthetwofunds,accordingtodatafromFarsideInvestors. TheapprovaloftheETFsstartedawaveoffreshapplicationstolaunchfundstrackingsmallertokenswithissuersfilingforfundsholdingXRP,solanaandLitecoin(LTC). TheWallStreetJournalreportedthisstoryfirst. coindesk.com

AcryptostrategistiswarningmemetokensPepe(PEPE)anddogwifhat(WIF)arenowinprimespotstowitnessdeepcorrectivemoves. PseudonymoustraderCredibleCryptotellshis425,900followersonthesocialmediaplatformXthathe’sleaningbearishonPEPE. Accordingtotheanalyst,thecurrentPEPErallywilllosesteam,settingthestageforacollapsebelow$0.00000570. “HTF(hightimeframe)distributiontakestime. Afterbouncingoffofourrangelows,wearenowbackattherangehighsandonceagainstrugglingtoclearthem–likelyleadingtoanotherdeviationandfailure. ThenextlegdownonBTCshouldgiveusanoutsizedmovedownonPEPEaswell. I’mshort.” Source:CredibleCrypto/X Attimeofwriting,PEPEistradingfor$0.000011,upover13%inthepastdaybutstillclosetoCredibleCrypto’srangehighzone. TurningtofellowmemecoinWIF,thetradersaysthealtcoinisflashingabearishsetupatitsrangehighs. “Patientlywaitedoveraweekforthissetuptopresentitself. I’veaddedtomypositionandamnowshortWIFwithafullpositionsize. WhilewehavefallenalittleshortofmyUSDshorttargetfornow,theBTCpairinghashitmyupsidetargetatthistimeandthatalongwithmycurrentlowtimeframebiasonBTCisenoughtotriggerthissetupforme. Willlikelytakesomeprofitsinthegreenzonebelowwhereoddsarehighweseeabounce,butultimatelyaimingfortherangelowswithWIFbackunder$1.” Source:CredibleCrypto/X Attimeofwriting,WIFisworth$2.84. AsforBitcoin(BTC),Crediblewarnsthatthecryptokingisnowinapositiontopullbackafteritslatestsurge.ThetradernotesBitcoinwilllikelycontinuetotradesidewaysunlessitclearsresistanceat$69,000. “Peopleonceagainrunningtheirmouthslikemadwhenwearebackatthehighsatthemostlikelyplacetoexpectarejection.Thishashappened5/5timesnowandyouthinkthey’dlearnbuttheydon’t. Foryourownsakefolk,waittilweactuallybreakouttostartrunningthosevictorylapsbecauseyou’reallgonnalooklikeidiotsifwebreakdownforthe6thtime.” Source:CredibleCrypto/X Attimeofwriting,Bitcoinistradingfor$65,907,upover5%ontheday. GeneratedImage:Midjourney dailyhodl.com

ThePresidentoftheETFStore,NateGeraci,recentlyrevealedwhatwouldincreasetheoddsoftheUSSecuritiesandExchangeCommission(SEC)approvingtheXRPETFapplications.AssetmanagersBitwiseandCanaryCapitalhaveappliedwiththeCommissiontoofferthisfund,providinginstitutionalinvestorswithexposuretoXRP.

NearlyallofTesla\'sBitcoinisonthemoveaftertwoyearsofinactivity. WalletsassociatedwithElonMusk\'selectriccarcompany,aslabeledbyArkhamIntelligence,movedapproximately$765millionworthofBitcoin—allbutabout$6worth—tounknownwalletsonTuesday.Thewalletsappeartobenewandarenotknowntobeassociatedwithcryptoexchanges,sothere\'snoimmediatesuggestionthatTeslaisplanningtoselltheBitcoin. DecryptreachedouttoTeslaforcommentandconfirmationbutdidnotreceiveanimmediateresponse. Editor\'snote:Thisstoryisbreakingandwillbeupdatedwithadditionaldetails. decrypt.co

ElonMusk\'sTesla,oneofthebiggestcorporateownersofbitcoin(BTC),transferredall$760millionworthofthecryptocurrencythatitownstounknownwallets,raisingthepossibilitythecarmakerisselling. WalletsassociatedwiththeelectriccarmanufacturerbeganmovingfundstounknownwalletsonTuesday,accordingtocryptodatafirmArkhamIntelligence. Teslaisthefourth-biggestholderofbitcoinamongpubliclytradedU.S.companiesintheU.S,perBitcoinTreasuriesdata.OnlysoftwarecompanyMicroStrategyandbitcoinminingfirmsMarathonHoldingsandRiotPlatformshavelargerstockpiles. Teslabought$1.5billionworthofbitcoininFebruary2021,buthassoldmostofitsholdingsovertheyears.WhenArkhamIntelligenceaddedthecarmaker\'sbitcoinwallettrackingfeaturetoitsdashboardinMarch,itheldabout11,509bitcoin,worthroughly$770million. Muskhadalsopreviouslyannouncedthatthecompanywouldsoonacceptpaymentsmadewithbitcoin,buttheplansweredroppedshortlyafterduetoenvironmentalconcerns. BesidessomeofMusk\'scompanies–includingTeslaandSpaceX–thatholdbitcoinontheirbalancesheets,itisunclearhowmuchtheX(formerlyTwitter)ownerbelievesinthetokenhimself.InaninterviewbroadcastonYouTubeinJuly,Musksaidthathethinks\"there\'ssomemeritinbitcoin,andmaybesomeothercrypto,\"butthathissoftspotwasfordogecoin(DOGE). coindesk.com

Nashville-basedassetmanagerCanaryCapitalfiledanS-1formforaLitecoin(LTC)exchange-tradedfund(ETF)withtheUSSecuritiesandExchangeCommission(SEC)onOct.15. Canary’sfilingisthefirstapplicationforaLitecoin-linkedspotETFintheUSandcomeslessthanaweekaftertheassetmanager’sXRPETFfilingonOct.8. CanaryCapitalCEOandfounderStevenMcClurgwaspreviouslyValkyrieInvestmentschiefinvestmentofficer,havingco-foundedtheassetmanageralongwithLeahWald. DifferentfromSolanaETFfilings AlexThorn,headofresearchatGalaxyDigital,toldCryptoSlatethatLitecoinisgenerallyconsideredtohavebeena“fairlaunch,”meaningtherewasnopre-mineortokensale. Additionally,becauseLitecoinisbasedonaproof-of-workconsensusmodel,therewasnoofferingofLTCbyanyentitytopublicorprivateinvestors.Thornadded: “TheSEChasn’tstateditspositiononthematter,butit’sunlikelythatLitecoincouldbeconsideredtohavebeenofferedasasecuritysincetherewasnoofferingatall.Thus,issuersshouldtheoreticallyhavethesamepathwaytolaunchspot-basedLitecoinETFsintheUnitedStatesastheydidforBitcoin.” AccordingtoThorn,thesamecannotbesaidaboutspotSolanaETFssincetheblockchainisbasedonaproof-of-stakeconsensusalgorithmandconductedatokensale. ThornstatedthatthismakestheinitiallaunchfactpatternofSolanadifferentfromBitcoinandLitecoin.Furthermore,theSECcurrentlyallegesinitslawsuitagainstCoinbasethatSOLisa“cryptoassetsecurity.” Thornsaid: “iswhysomeanalystshavesuggestedthatSOLETFfilingsarebetsonaTrumpvictoryinNovember,asachangeintheSEC’sapproachtoclassifyingcryptoassetsassecuritieswouldlikelyberequiredbeforetheagencywouldapprovethelistingofSOLETFs.” MarketdominatedbyGrayscale AccordingtoBloombergETFanalystJamesSeyffart,ETPslikeCoinShares’LITEinSwitzerlandandETCGroup’sELTCinGermanyalreadyholdLitecoin.Meanwhile,theUSmarketiscurrentlyonlytappedbytheGrayscaleLitecoinTrust(LTCN). AccordingtoaCoinSharesreport,theLTCfundsofferedinEuropehold$11.5millionincombinedassetsundermanagement(AUM),whichrepresentslessthan10%ofthetotalAUMofLitecoin-relatedETPsglobally. Meanwhile,LTCNhas$127.4millioninAUM,whichmakesuptheremaining93%ofthemoneyinvestedinLitecoin-relatedETPsorldwide. cryptoslate.com

PolymarketbettingdatashowedthebiggestleadformerPresidentDonaldTrumphasboastedoverKamalaHarrissinceshejoinedtherace. LessthanthreeweeksbeforetheU.S.presidentialelection,Polymarketusersbetonanapproximate58%chancethatRepublicancandidateDonaldTrumpwillprevailoverDemocraticticketholderKamalaHarris.Sentimentonthedecentralizedpredictionmarketrecorded15percentagepointdifferenceinvictoryodds,thelargestgapbetweenthetwopresidentialfrontrunnersseenontheplatformsofar. Asofpublishing,theoddsofHarriswinningtheWhiteHousehaddroppedto43.1%.Polymarket’s“PresidentialElectionWinner2024”markethasbeenoneofthebiggestelectionbettingcontractsthispoliticalcycle.Bettingvolumesforthisoutcomeneared$2billionweekspriortotheelectiononNov.4. Youmightalsolike:VPHarrispledgespro-cryptopoliciesforBlackinvestors DonaldTrump,thecurrentleaderonPolymarket,hascapturedthelion’sshareofthisvolume,worthover$561million,againstHarris’$381million.Bothcandidateshavefieldedpolicypromisesmeanttocurryfavorwithcryptovotersthroughoutthecampaign.TrumpstartedthetrendduringaMaygala,announcinghimselfasthecryptopresidentandsharingpro-Bitcoin(BTC)rhetoriceversince. Harrishastakenamorecautiousapproach,pledgingsupportfor“newinnovativetechnologies.”VicePresidentHarrisalsoreleasedacampaignagendatochampionwealthgenerationforBlackmalecryptoinvestors.Accordingtocrypto.news,theHarristeamsaidshewouldbackcrypto-friendlyregulatoryframeworkstoprotectinvestorsandincreaseaccesstocapitalformationservices. Meanwhile,chatteraroundelectioncontractsonplatformslikePolymarkethascontinuedtoreachnewhighs.ThePolygon-basedvenuewasintegratedintoBloomberg’sterminal,afirstforacrypto-nativeprotocol,andwasmentionedbybillionaireXownerElonMusk. ElonbeingaPolymarketfannevergetsold@elonmuskhttps://t.co/dpufdNKW5Z —ShayneCoplan(@shayne_coplan)October7,2024 MarketcompetitorslikeKalshireceivedcourtapprovaltolistCongressionalcontractsforU.S.customers,potentiallypavingthewayforofferingsaroundthepresidentialoutcomes.ProjectslikeWintermutewerealsoreportedlyexploringenteringtheon-chainpredictionbusiness. crypto.news

FalconX,aleadingdigitalassetprimebroker,haslaunchedanautomatedstreamingservicetohelpcryptocurrencyminersconverttheirearningsdirectlyintoU.S.dollars.InastatementissuedonTuesday,thecompanyexplainedthatthisnewapproachremovesthemiddlemanortheneedfortheusertotrademanually. Traditionally,cryptocurrencyminershadtogothroughseveralprocessestoconverttheirminedtokensintocash.Thesestepssometimesprovedcumbersomeandtime-consuming.FalconXhasintroducedanewservicethatenablesminerstoselltheircryptorewardsdirectlytoUSDwithoutthemanualprocessofsellingthemonanexchange. Theservicesupportsalltheproof-of-worktokens,includingpopularlyminedcoinslikeBitcoinandLitecoin.Throughtheservice,minersreceiveanaddresswhichwillbeusedtoconverttheirdepositsintodollarsonaregularbasis.Thisauto-liquidationfeature,therefore,solvesoneofthebiggestproblemsforminersbyenhancingliquidityandflexibilityofoperations. NewserviceswillexpandFalconX’ssupportforminers Thisserviceistimelyforminers,especiallyafterthefourthBitcoinhalvingevent,whichgreatlyreducesminingrewards.Theindustryhaswitnesseddecreasingdailyrevenuesforthepastthreemonths,aswellasrisingnetworkcomplexity.Thesefactorshaveputmorefinancialburdenonthealreadystrappedcashminerswhohavetoselltheirtokensforexpenseslikeelectricitybillsandupgradingminingequipment. Besidestheauto-conversionservice,FalconXisplanningtoexpanditsserviceofferingtoincludeanumberofservicesdesignedforcryptocurrencyminers.Theseserviceswillincludeliquidmanagementservices,riskmanagementtools,cashflowmanagementsolutions,andfundingsolutions. FalconXhasalsobeendoingwellintherecentpast,andthecompanypostedrecordrevenuesinthelastquarter.Asstatedinthestatement,FalconXhasoutpacedmostglobalexchangesinBitcointrading,where90%ofthetransactionsaredoneatlowerrates.FalconXhasbeenabletocapture94%oftheglobalspotmarket,whichenablesminerstohaveabetterliquiditypooltoworkwithinthecurrentconstrainedmarket. cryptopolitan.com

EOS,NEO,Stellar(XLM),Waves,andAlgorand(ALGO)aretheleadingcryptocurrenciesintermsoftransactionspeed. Fasttransactionspeedsareincreasinglyimportantformainstreamadoptionandnewblockchainapplications. Whilespeediscrucial,factorslikesecurity,decentralization,andscalabilityalsoplayvitalrolesinacryptocurrency’ssuccess. Onthesubjectoftransactions,speedhasturnedouttobeasignificantfactorduetothedynamicnatureoftheworldofcryptocurrenciesamongusersandinvestors.Basedonthecurrentdevelopmentswithblockchainnetworks,severalcryptocurrencieshaveprovedviableintheprocessingoftransactionswithtremendousefficiency.Thisarticlefocusesonfivecryptocurrencies,thathaveemergedwiththefocusontheirfastexecution. EOS:BlazingTrailsinBlockchainEfficiency EOShaspositioneditselfasahigh-performanceblockchainplatform,capableofprocessingthousandsoftransactionspersecond.Thecarefullayoutofthenetworkcoincideswiththedesireforscalabilityandhighspeed,whichwillbeappreciatedbyDAppwiththeneedforfasttransactions. NEO:China’sSpeedyBlockchainContender Alsoknownas“China’sEthereum”,NEOhasexperiencedagoodimprovementintermsoftransactionthroughputrate.Itmeansthatforeveryattempttoinitiateachangeontheplatform,othernodesneedtoagreeandforthisreason;confirmationtimesarefast,boostingtheapplicabilityofthisblockchaintechnologyinseveralusecases. Stellar(XLM):FacilitatingFastCross-BorderTransactions Currently,Stellarexecutescross-bordertransactionsinaveryshorttimeandthroughitsnativecurrency,XLM.Oneofthekeyadvantagesthatarisefromthenetwork’sarchitectureisthatitfacilitatesnearreal-timesettlements,makingthenetworkidealforcross-bordermoneytransfersandimitations. Waves:RidingHighonTransactionVelocity Currently,theWavesplatformisknownforthefastprocessingoftransactionsandhaswonrecognitionamongusers.Itspeculiaritiesarecloselyassociatedwithauser-friendlyconcept,yetthesite’sperformanceissurprisinglyfastwhichmakesthissiteappealingtodevelopersaswellastotheultimateconsumers. Algorand(ALGO):BalancingSpeedandSecurity Algorandhasbecomeoneofthemainprotagonistsofthehigh-speedcryptocurrencymarket.Oneofthekeyfeaturesoftheplatformisconsensuswhichprovidesahighleveloftransactionspeedthatmanyblockchainsrequire–fastfinalizationwithouttheriskoftheattackercoercingthenodes. Thesefivecryptocurrenciesrepresentashiftinblockchaintechnologytowardsaddressingoneoftheindustry’spersistentchallenges:transactionspeed.Whenmorepeopleandcompaniesembracedigitalassets,theeffectivenessofhandlingtransactionsstartstobecomeafactor. cryptonewsland.com