Category: AI

SouthKorea’sleadingdigitalassetexchangeUpbithasannouncedthatCARV(CARV)hasbeenlistedontheKRW,BTC,andUSDTmarkets,withtradingsettobeginat15:00onOctober15. UpbittoListCARV(CARV)onKRW,BTCandUSDTMarkets AccordingtoUpbit’sofficialannouncement,depositsforCARVwillopenwithintwohoursofthisnotification,andusersareadvisedtoverifythenetworkbeforedepositingtoavoiddelays. TradingRestrictionsandPrecautions Theexchangeoutlinedseveraltemporarytradingrestrictions: BuyOrderRestriction:Tradingsupportwillbedisabledforthefirstfiveminutesafteritstarts. MinimumSellPrice:Forfiveminutes,sellordersbelow10%ofthepreviousday\'sclosingpricewillnotbeaccepted. OrderTypeRestrictions:Onlylimitorderswillbeallowedforthefirsthourandotherordertypeswillbetemporarilyrestricted. Upbitalsowarneduserstocarefullyverifytheirdepositdetailstoavoidlongerprocessingtimes. WhatisCARV? CARVisamodulardatalayerprotocolfocusedongamingandartificialintelligence(AI).Itsmissionistoaggregateuserdatascatteredacrossvariousplatformsandactasadatalayersolution.ThenativeCARVtokenservesbothgovernanceandutilityfunctionswithintheecosystem. *Thisisnotinvestmentadvice. en.bitcoinsistemi.com

News-driventraderscansettargetedstrategieswithCME\'sBitcoinFridayfutures(BFF)contracts. Theweeklyexpirylimitsbasisandcapsrollovercosts,facilitatingimprovedprofitability. ChicagoMercantileExchange\'s(CME)bitcoin(BTC)futuresthatexpireonFridayareideallysuitedfornewstraderslookingtobetonkeyU.S.economicdatareleases,CFBenchmarks\'CEOSuiChungsaid,explainingtheperformanceoftherecentlylaunchedcontracts. TheCMEdebutedcash-settledFridayfutures,sizedatone-50thofoneBTCwithlowermarginrequirements,onSept.30tomakethefuturesproductaccessibletoretailinvestors.Theso-calledBFFcontractsettleseveryFridayat16:00NewYorkTimeandtracksCfBenchmark\'sBitcoinReferenceRate-NewYork(BRRNY)variant.AnewcontractislistedThursdayat18:00NewYorktime,allowingmarketparticipantstotradethenearesttwoFridaysatanypointintime. Theglobalderivativesgiantregisteredafirst-daytradingvolumeofover31,000contractsacrosstwodifferentcontractweeks,becomingtheexchange\'smostsuccessfulcryptofutureslaunchever. \"Unlikemonthlycontracts,whichareinfluencedbyawiderangeofeventsoverfourweeks,theweeklycontractsallowinvestorstobetterexpressviewsonBitcoin\'sreactiontospecificevents,suchasU.S.macrodatareleases,\"ChungtoldCoinDeskinaninterview. Bitcoinhasemergedasamacroassetsincethecoronavirus-inducedcrashof2020,withshort-termtraders/speculatorsmakingbetsbyfollowingnotablenewsannouncementsanddatareleaseslikethemonthlyU.S.inflationfiguresandthenonfarmpayrollsdata. TheFridayfuturesprovideseveralbenefitstonewstraders,includinglowbasisorpricedifferentialrelativetospotprices,lowerrollovercostsandmoretargetedtradingstrategies. Theshorterdurationlimitsthegapbetweenfuturesandspotprices,ensuringalowerpremiumthanmonthlystandardandmicrofuturescontracts.Thelowerpremiummeansthecontangobleed,orthecostincurredfrommovingpositionsfromtheimpendingexpirytothefollowingFridayexpiry,isrelativelylessthanextendeddurationcontracts,leadingtoimprovedprofitability. \"Thereducedtimehorizonoftheweeklycontractsgenerallyresultsinalowbasiscomparedtotheirmonthlycounterparts,simplifyinganalysisforretailtraders,\"Chungsaid. ChungaddedthatthealignmentbetweentheFridayfuturesexpiryandthedailyNAVcalculationofU.S.-listedspotETFs,mostofwhichrefertotheBRRNY,enhancesmarketliquidity.Themoreliquidity,theeasieritistoexecutelargeordersatstableprices,andthemoreefficientthepricediscoverymechanism. Notethatonoffshoreunregulatedexchanges,retailtraderspreferperpetualfutures,whichusethefundingratemechanismtokeeppricesalignedwiththespotmarket.Thefundingfeeiscollectedfromtraderseveryeighthours.Theseratesarevolatile,addinganelementofuncertaintyandunpredictability. coindesk.com

AcloselyfollowedanalystwhocorrectlycalledBitcoin’spullbackearlierthisyearsaysBTCmaysoonentertheexplosivephaseofthemarketcycle. Inavideoupdate,pseudonymousanalystRektCapitaltellshis91,000YouTubesubscribersthatBitcoinmaybreakthroughtheupperboundofatradingrangewithinweeksandprintnewall-timehighs(ATHs). “We’reretestingthisforafewweeksinarowandwe’retryingtopositionforamovetowardsthehighshere. Andofcourse,wehaveaseriesoflowerhighstocontendwith,butoncewebreakthoseseriesoflowerhighs,andthere’sagoodchancewe’lldothatinthenextfewweeks,thenwe’llactuallyrevisitthisall-importantresistanceforachallengetofinallytransitionawayfromthere-accumulationphaseandintotheparabolicphaseofthecycle.” Source:RektCapital/YouTube Theanalystalsosuggeststhatbasedonpriorcycles,BitcoinmayreachitscycletopsometimearoundMarch2025,330daysaftertheApril2024halvingevent,whenminers’rewardswerecutinhalf. “250daysafterwebreakoldall-timehighs,wellthat’sgoingtobetheearliestmomenttobeconsideringexitingthemarket,andatmost330daysafterthehalvingiswhenthatmomentshouldprobablycome. Sowe’llhavean80-dayperiodwhereit’sgoingtobereallyriskytobeholdingdigitalassetsasawhole,butthat’sastoryforanotherdaybecausewehaven’tevenbrokenoldall-timehighs,butthat’sjustamatteroftime.” Source:RektCapital/YouTube Bitcoinistradingfor$65,906attimeofwriting,up5.41%inthelast24hours. GeneratedImage:Midjourney dailyhodl.com

TheSecuritiesandCommoditiesAuthorityoftheUnitedArabEmirateshaslaunchedaninvestigationintoallegedsecuritiesviolationsinvolvingthecryptocurrency$WAP,aSolanablockchain-basedtokenheavilypromotedbyhigh-profilecelebritieslikeCardiB.

TheBitcoinpriceralliedtoashighas$66,000today,fuellingbullishsentimentsamongmarketparticipantsthatthe‘Uptober’rallymightstillhappenafterall.Amidstthisrally,therecouldstillbeaBitcoincrashtoaslowas$50,000inthenext30daysbeforeitralliestoanewall-timehigh(ATH).

BitcoinCashpricestartedamajorincreaseabovethe$350resistance.BCHisconsolidatingandmightaimformoregainsabovethe$385resistance. Bitcoincashpricestartedafreshincreaseabovethe$350level. Thepriceistradingabove$365andthe100-hoursimplemovingaverage. Thereisaconnectingbullishtrendlineformingwithsupportat$355onthehourlychartoftheBCH/USDpair(datafeedfromKraken). Thepaircouldstartanotherincreaseifitclearsthe$380resistancezone. BitcoinCashPriceStartsFreshSurge Afterformingabaseabovethe$315level,BitcoinCashpricestartedafreshincrease.BCHoutpacedBitcoinandEthereumtogainover20%.Therewasaclearmoveabovethe$350resistancezone. Thepriceevensurpassed$365andtestedthe$385resistancezone.Ahighwasformednear$385.95andthepriceisnowcorrectinggains.Therewasaminormovebelowthe$375level.Thepricedippedandtestedthe23.6%Fibretracementleveloftheupwardmovefromthe$318.02swinglowtothe$385.95high. Bitcoincashpriceisnowtradingabove$365andthe100-hoursimplemovingaverage.Thereisalsoaconnectingbullishtrendlineformingwithsupportat$355onthehourlychartoftheBCH/USDpair.Thetrendlineisclosetothe50%Fibretracementleveloftheupwardmovefromthe$318.02swinglowtothe$385.95high. Immediateresistanceontheupsidesitsnearthe$380level.Aclearmoveabovethe$380resistancemightstartadecentincrease.Thenextmajorresistanceis$385,abovewhichthepricemightacceleratehighertowardthe$400level.Anyfurthergainscouldleadthepricetowardthe$420resistancezone. FreshDropinBCH? IfBitcoinCashpricefailstoclearthe$380resistance,itcouldstartafreshdecline.Initialsupportonthedownsideisnearthe$365level.Thenextmajorsupportisnearthe$355levelorthetrendline. Ifthepricefailstostayabovethe$355support,thepricecouldtestthe$340support.Anyfurtherlossescouldleadthepricetowardthe$332zoneinthenearterm. Technicalindicators 4-hourMACD–TheMACDforBCH/USDislosingpaceinthebullishzone. 4-hourRSI(RelativeStrengthIndex)–TheRSIiscurrentlyabovethe50level. KeySupportLevels–$365and$355. KeyResistanceLevels–$380and$385. newsbtc.com

InOctober,thetotalvaluelocked(TVL)onSolanahitanewhigh,surpassing$6.1billion.ThismarksthehighestlevelsinceJanuary2022. TVLreferstothetotalvalueofassetsdepositedbyusersintoaproject.ArisingTVLisoftenanindicatorofincreasedusertrustandengagementwiththeplatform. TVLSurpasses$6.1Billionwith40MillionSOLLocked Alongsidetherecord-breakingTVL,datafromDefiLlamashowsthat,asofOctober15,over40millionSOLtokensarelockedinDeFiprotocols.Thisfigurehasbeensteadilyrisingfrom14millionSOLatthebeginningof2024. Readmore:Top7ProjectsonSolanaWithMassivePotential Solana’sTVLinSOL.Source:DefiLlama Thus,theincreaseinTVLisnotsolelyduetotheriseinSOL’smarketprice.ThegrowingamountofSOLbeinglockedintheseprotocolsindicatesincreasinguserdemand. MemeCoinHypeDrivesTradingDemandonDEXs Raydium,adecentralizedexchange(DEX)onSolana,hasbeenamajorcontributortoitsTVLexceeding$6.1billion.SincethestartofOctober,Solana’sTVLhasincreasedby$1billion,withRaydiumaloneaccountingfor$600millionofthatgrowth. “DEXtradingactivitycontinuedtoflourishonSolana,buoyedbythemultitudeofmemecoins.ItendedSeptemberwitha22%marketshareand$21.5billioninvolume,”CoinGeckosaid. MonthlyTop10DEXVolumebyChain.Source:CoinGecko. TradingdemandonRaydiumhassurgedamidsttheongoingmemecoincraze,whichshowsnosignsofcoolinginOctober.RecentdatafromKaitorevealsthatmemecoinshavehitanewpeakinmindshare. Furthermore,datafromCoinGeckoindicatesthatthemarketcapitalizationofmemecoinsonSolanahassurpassed$11.2billion,withdailytradingvolumenearing$4billion. Readmore:13BestSolana(SOL)WalletstoConsiderinOctober2024 DailyActiveAddressesonSolanaHitNewHighs DatafromIntoTheBlockrevealsthatSolana’snetwork’sdailyactiveaddresses(DAA)reachedanewrecord.InOctober,Solana’snetworksawover4millionactiveaddressesoncertaindays.SinceSeptember,DAAhasconsistentlyremainedabove3millionperday. NumberofActiveAddressesonTheSolanaNetwork.Source:IntoTheBlock Inaddition,thenumberofnewaddressesonSolana(7DMA)setanall-timehighinOctober,withover4millionnewaddressescreatedweekly.Thenumberofnewaddressesreflectsdemandfromnewusers,oftensignalingfreshcapitalinflowsintoaproject.Thistrendistypicallyakeydriverofpricegrowthforaltcoins. Readmore:HowtoBuySolana(SOL)andEverythingYouNeedToKnow NumberofNewAddressesonSolanaNetwork.Source:IntoTheBlock Currently,SOListradingataround$156.RecenttechnicalanalysissuggeststhatSOLisfacingsignificantresistanceat$159,withthepotentialtoreach$200ifitbreakspastthislevel. beincrypto.com

WorldcoinpricehasbeenvolatileduringthefirsthalfofOctober,experiencingasignificantriseof54%sincethebeginningofthemonth.ThisrecentincreaseallowedWLDtobreakoutofabullishreversalstructurethatpromises300%gains.However,ahurdlestandsinthewaythatmustfirstbeovercomeifWorldcoinisgoingtoreclaimitspreviousall-timehigh.

Aavepricehasbeenonatear,rising111%sincetheAugust5low.Mostrecently,theassetbrokeaboveabullishreversalstructurethathintsat2Xgainsintheshort-to-midtermrange.MostofthechatteraroundAavehasbeenarounditsassociationwiththenewlylaunchedWorldLibertyFinancial,ownedbyDonaldTrump.

LarryFink,CEOofBlackRock,theworld’slargestassetmanager,hasaffirmedBitcoin’sstatusasalegitimateinvestmentoption,likeningittogold.DuringtheQ32024earningscallonFriday,FinkdiscussedBitcoin’spotentialmarketexpansiondespiteregulatoryhurdles. FinkexpressedoptimismaboutBitcoin’sfuturegrowth,statingthatthecontinuedadvancementincryptocurrenciesandblockchaintechnologywillsignificantlyimpactglobalfinance.ReiteratinghisbeliefinBitcoin’slegitimacyasaninvestment,theBlackRockCEOsaidthatassetutilizationwouldincreasinglybecomeaglobalreality.Headded: “Webelievebitcoinisanassetclassinitself.Itisanalternativetoothercommoditieslikegold.” ProminentcryptovoiceslikeNateGeraciandEricBalchunashighlightedFink’srecognitionofBitcoinandotherdigitalassets.SheddinglightonthegrowingacceptanceofBitcoinandEthereum,Geracicalledoutcriticswhostilllingeronthe‘cryptoisascam’narrative. CEOofworld’slargestassetmanagerisoutheresaying“bitcoinisnowanassetclassinitself”&talkingabouttheexpandingroleofethereum… Andyoustillthinkcryptoisascam.https://t.co/bOqSrFY8oU —NateGeraci(@NateGeraci)October14,2024 CryptoAssets’FutureGrowth Notably,BlackRock’siSharesBitcoinTrust(IBIT)hasattracted$23billionininflowswithinninemonthsoftheETF’slaunchinJanuary2024.Additionally,iSharesEthereumTrust(ETHA)recordedover$1billioninnetinflowswithinthefirsttwomonths.Expressingenthusiasmforachievingthehighestinflows,Finksuggestedthefirm’splanstoexpanditsofferingswithnewproducts,making“investingeasierandmoreaffordable.” Readalso:BlackRock:Ethereum’sComplexityImpactsETHAETFGrowth WhiletheUShousingmarketisvaluedat$49.6trillion,Bitcoinhasamarketcapof$1.3trillion.Despitethesignificantdifference,FinkpredictedthatBitcoinwouldsurgetobecomeaslargeastheUShousingmarket. Further,heoutlinedthekeydriversofdigitalassetgrowth,emphasizingtheimportanceoftransparency,liquidity,andanalyticsinmarketexpansion.Citingthegrowthofothermarketslikethemortgagemarkets,hesaiddigitalassetswouldalsoemergewiththeexpansionofbetteranalyticsanddata. Disclaimer:Theinformationpresentedinthisarticleisforinformationalandeducationalpurposesonly.Thearticledoesnotconstitutefinancialadviceoradviceofanykind.CoinEditionisnotresponsibleforanylossesincurredasaresultoftheutilizationofcontent,products,orservicesmentioned.Readersareadvisedtoexercisecautionbeforetakinganyactionrelatedtothecompany. coinedition.com