Today's Crypto and Bitcoin News

Get the latest updates on Bitcoin, altcoins, blockchain, Web3, cryptocurrency prices, DeFi, and more.
24
Thursday
2024/10
X Empire Airdrop Set for October 24: Listing Details to Know

With the evolution of the GameFi landscape, X Empire has emerged as a pioneering financial strategy game, transitioning from its previous name, Musk Empire. This game now integrates a real token economy, offering players the chance to earn $X tokens by developing characters, engaging in trades, and building empires.   Quick Take X Empire is a financial strategy game with nearly 23 million subscribers and 50 million players. The $X Token Airdrop is scheduled for October 24, 2024. The Chill Phase will end on October 17, 2024, marking the last opportunity to earn additional tokens before the airdrop. Players engage in tasks, level up skills, and invite friends to earn in-game currency that converts into $X tokens. What Is X Empire Telegram Game? X Empire, formerly Musk Empire, was initially a tap-to-earn Telegram game that has now evolved into a full-fledged financial strategy game. Players develop characters, trade, and negotiate deals to build empires. This revamped game follows the success of similar viral games on Telegram like Notcoin, Hamster Kombat, and TapSwap.   In X Empire, players can choose from a variety of characters and styles that suit their personalities, while benefiting from the TON ecosystem's infrastructure.   Key Features of X Empire Real Token Economy: In-game currency will convert to $X tokens. Diverse Gameplay Mechanics: Expect more mini-games in future updates. Community Engagement: The founder communicates regularly with the community. Read more: What Is X Empire (Musk Empire) Telegram Game, and How to Play   X Empire (X) is now available for pre-market trading on KuCoin, giving you early access to trade $X tokens ahead of its official spot market release. Secure your position in the X Empire ecosystem and get a first look at $X prices before the broader market opens. How Does X Empire Game Work? In X Empire, players tap the screen to mine coins, upgrade characters, and participate in negotiations. The game includes:   Mining Coins: Tap to collect coins. Upgrading: Boost characters and businesses to increase earnings. Friends and Bonuses: Invite friends to earn referral bonuses. Stock Exchange: Invest coins in virtual funds for potential high returns. How to Earn $X Tokens on X Empire Telegram Mini-App Maximizing your earnings in X Empire is key to receiving more $X tokens:   Play the Game: Consistently engage in mining and quests. Invite Friends: Earn bonuses through referrals. Upgrade: Boost your character and business for passive income. Complete Daily Tasks: Participate in quests like Riddle of the Day and Investment in Funds. X Empire ($X) Tokenomics Source: X Empire on Telegram   The $X token will serve as the native cryptocurrency of the X Empire ecosystem, driving gameplay and strategic features. A total of 690 billion $X tokens have been minted, with 75% allocated for community distribution (70% from the first phase, plus an additional 5% during the Chill Phase). The remaining 25% will be used for future rewards and incentive programs. The Chill Phase, active until October 17, offers players the chance to earn more tokens in a shorter time frame. After the airdrop, $X tokens can be traded or used within the game ecosystem for various purposes like:   Game Center: Access to over 200 mini-games. Trading Bot: For strategic investments. E-commerce: Future integration for online transactions. When Is the X Empire Airdrop and Token Listing?  Source: X Empire on Telegram    The $X token airdrop is scheduled for October 24, 2024, on The Open Network (TON). Players will receive tokens based on in-game performance, including referrals, tasks completed, and engagement with the game's stock exchange. The token will be listed on multiple exchanges shortly after the airdrop.   How to Get Ready for the X Empire ($X) Airdrop   Preparing for the X Empire ($X) airdrop on October 24, 2024, requires several steps to ensure you're eligible and maximize your reward. Here's a detailed guide on how to get ready:   Join the X Empire Telegram Game: Start by joining the X Empire Telegram game if you haven’t already. Engage in activities like tapping, mining coins, and completing tasks to accumulate in-game currency, which will be converted to $X tokens during the airdrop. Complete Daily Tasks and Quests: Regularly participate in daily tasks such as the Riddle of the Day, Rebus of the Day, and Investment Quests. Completing these tasks will increase your in-game earnings, which directly influence the amount of $X tokens you receive in the airdrop. Upgrade Your Character and Business: Focus on upgrading your character and in-game business to boost your passive income. The higher your earnings, the more tokens you'll accumulate before the airdrop. Enhancements like upgrading Musk’s business can significantly improve your profit per hour​. Invite Friends for Referral Bonuses: Inviting friends to join X Empire not only increases your social network in the game but also earns you referral bonuses. This can boost your overall in-game currency and positively impact your $X token allocation. Connect Your TON Wallet: One of the most critical steps is to connect your TON wallet to X Empire. Ensure that you have a supported wallet like Tonkeeper and link it to the game to receive your $X tokens during the airdrop. You’ll also need to perform a test transaction of 0.1 TON to confirm your wallet and eligibility​. Participate in the Chill Phase (Optional): The X Empire Chill Phase ends on October 17, 2024, and offers an additional opportunity to earn 5% more tokens. While participation is optional, engaging in this phase can give you a competitive edge with a shorter timeframe and lower competition. Stay Updated on Airdrop Announcements: Follow X Empire’s official Telegram channel for the latest news, including updates on the airdrop, final distribution criteria, and any potential technical requirements before the token release. By following these steps, you'll be fully prepared to receive the $X tokens during the airdrop and maximize your rewards within the X Empire game ecosystem.   Read more: X Empire Reveals Airdrop Criteria, Introduces Chill Phase After Season 1 Mining Phase Ends   Conclusion X Empire offers players a unique chance to engage in a strategy game while earning real tokens. With the upcoming $X token airdrop on October 24, players should ensure they complete tasks and connect their wallets in time to maximize their rewards. Keep an eye on official updates to stay informed about the latest developments.   Read more: X Empire Daily Combo and Rebus of the Day on October 13, 2024

Share
10/15/2024
MemeFi Airdrop: Eligibility, Tokenomics, and Key Details Before October 30 Token Launch

Popular Telegram game MemeFi is gearing up for its highly anticipated airdrop and Token Generation Event (TGE), now scheduled for October 30, 2024. With the $MEMEFI token listing postponed, here’s everything you need to know about MemeFi’s airdrop criteria, tokenomics, and how to maximize your rewards.   Quick Take  MemeFi airdrop is now scheduled for October 30, 2024, with the $MEMEFI token listing on six leading centralized exchanges, plus one more pending confirmation. 90% of the total $MEMEFI supply will be distributed to users via airdrops and other rewards. MemeFi players can earn real ETH and TON tokens through in-game activities like Mystery Rewards and giveaways. To be eligible for the airdrop, users must link their TON wallet, create a MemeFi wallet, engage with the MemeFi community, and participate in game activities. The eligibility criteria now focus on coins earned in the game, with multipliers and bonuses for interacting with multiple aspects of the ecosystem. What is MemeFi: A Rapidly Growing DeFi Game? MemeFi is a play-to-earn (P2E) game that merges meme culture with decentralized finance (DeFi). The platform has seen exponential growth, with over 45 million players joining since its launch. Players participate in meme-themed battles, earn in-game currency, and complete tasks like daily combos, video codes, and social media challenges to boost their earnings.   Read more: What Is MemeFi Coin Telegram Miner Game, and How to Play?   MemeFi’s Token Generation Event (TGE) and Airdrop is Now Set for October 30, 2024 Source: MemeFi Telegram   The MemeFi TGE is now set for October 30, 2024, when the $MEMEFI token will be listed on six top-tier centralized exchanges, with a seventh pending confirmation. MemeFi’s token distribution model remains the same, with 90% of the total supply allocated to community rewards, but the listing has been delayed to ensure the best launch environment. The team is focusing on ecosystem alignment and exchange partnerships to deliver the best possible outcome for users.   $MEMEFI Airdrop Eligibility Criteria List    To qualify for the MemeFi airdrop, users must:   Set Up a MemeFi Wallet: Ensuring secure storage of $MEMEFI tokens. Engage in game activities: Completing tasks in MemeFi’s tap-to-earn game will improve a user’s chances of earning higher rewards. Interact with the community: Staying active in MemeFi’s Telegram group and participating in discussions boosts eligibility for the airdrop. Earn coins: The airdrop will be weighted, focusing on the amount of coins earned in the game. Take advantage of multipliers: Bonuses will be available for those interacting with different aspects of the MemeFi ecosystem, including Testnet OG users. The airdrop model will be complex and non-linear to reward active participation across the ecosystem, with bot detection measures in place to ensure fair distribution. Detailed criteria will be revealed within the next 10 days, and the snapshot has not yet been taken, allowing users to continue playing and earning.   Timeline and Key Dates to Know for the MemeFi Airdrop September 20, 2024: The original eligibility window has closed, but users can still engage with the game until the snapshot is taken. October 30, 2024: The official TGE and $MEMEFI token listing on top exchanges. MemeFi’s token will be available for trading, and withdrawals will open soon after. MemeFi Tokenomics Source: MemeFi docs    MemeFi’s tokenomics are designed to prioritize community engagement and project longevity:   Community Rewards (90%): 90% of the total 10 billion $MEMEFI tokens are allocated for community rewards, airdrops, and play-to-earn incentives. Liquidity and CEX Listings (5.5%): 5.5% of the token supply is reserved for liquidity and exchange listings. Early Adopters and Strategic Partners (3.5%): Early adopters, strategic partners, and seed investors collectively receive 3.5% of the token supply. Seed Investors (1%): A portion of tokens is reserved for early project supporters. This well-structured token distribution ensures that the majority of rewards go back to the players and community, fostering long-term engagement.   How to Boost Your MemeFi Airdrop Rewards To maximize your rewards, it’s essential to remain active in the MemeFi ecosystem. Here are some tips:   Complete All Tasks: Finish assigned tasks such as interacting on Telegram, promoting the platform, and participating in the game. Earn More Coins: Focus on accumulating as many in-game coins as possible to boost your airdrop allocation. Hold Your Tokens: Consider holding your $MEMEFI tokens post-airdrop for potential future gains. MemeFi’s roadmap shows long-term growth potential. Participate in Giveaways: Spin the wheel, fill the Ether progress bar, and earn tickets for ETH rewards. Mystery Rewards and Daily Bonuses MemeFi has introduced the Mystery Rewards feature, allowing players to unlock coins, spins, and large prizes. The unpredictable nature of these rewards adds excitement to gameplay. Additionally, daily ETH giveaways continue, with players earning tickets for a chance to win from a $25,000 prize pool.   Read more: How to Mine More Coins on MemeFi Coin Telegram Clicker Game   MemeFi Roadmap: Key Milestones and Future Plans MemeFi’s roadmap outlines ambitious plans for expanding its ecosystem and enhancing user engagement:   Expanded Gameplay: In Q4 2024, MemeFi will introduce new gameplay elements, including the Extreme Heat Season, rewarding players with three times the usual coins and spins through referral bonuses. Mystery Rewards and Quests: New features like character progression and clan base building are set to roll out post-TGE, adding depth to the existing tap-to-earn mechanics. Governance: A governance system will empower the community to vote on key game updates, aligning with the project's goal of fostering long-term engagement. MemeFi Ventures: MemeFi Ventures will incubate new Web3 projects, starting with Memes Lab, a meme-themed game with enhanced character progression. Conclusion MemeFi’s upcoming token launch and airdrop mark a pivotal moment as it expands its presence in the DeFi and GameFi spaces. With 90% of the token supply allocated to user rewards, and various in-game opportunities like Mystery Rewards and daily giveaways, MemeFi offers multiple ways for participants to maximize their earnings.   However, users should remain informed of market conditions post-listing and approach participation carefully. While MemeFi presents exciting opportunities, research and responsible engagement are always advised.

Share
10/09/2024
PiggyPiggy Listing Set for November 12: $PGC Airdrop Coming Soon

The highly anticipated PiggyPiggy ($PGC) token is officially set to list on November 12, 2024, across major exchanges, marking a significant milestone for the popular Telegram-based game. Let’s dive into the core details of $PGC’s tokenomics, vesting strategy, and airdrop plan to help you prepare for the listing and maximize your rewards.   Quick Take PiggyPiggy’s native token, $PGC, will launch on November 12, 2024 across four top-tier exchanges. 100% Token Unlock: All tokens will be unlocked at the Token Generation Event (TGE). 65% of tokens are for community rewards and salaries, while 35% are for airdrops, game development, liquidity, and the launch pool. PiggyPiggy’s role-based earnings model lets users level up their roles to unlock higher daily salaries. What Is PiggyPiggy Telegram Game? PiggyPiggy is a workplace simulation game hosted on Telegram, where players can earn $PGC tokens by completing tasks, inviting friends, and upgrading their roles from Intern to Manager. Launched in July 2024, the game has amassed over 4 million players and over 2.2 million monthly active users (MAUs).   Players can advance through roles to increase their earnings. The highest tier, Boss, offers the most lucrative rewards. All $PGC tokens will be distributed through gameplay and airdrops, including to the development team, creating a fair and engaging ecosystem.   Read more: What Is PiggyPiggy Telegram Bot and How to Get Ready for the $PGC Airdrop?   Important Dates to Know for the $PGC Airdrop and Listing   October 22, 2024: PiggyPiggy (PGC) pre-market trading beings on KuCoin pre-market.  November 12, 2024: $PGC lists on four major exchanges, opening trading and liquidity. PiggyPiggy (PGC) is now available for pre-market trading on KuCoin, offering you the opportunity to trade $PGC tokens before their official spot market release. Take advantage of this early access to secure your position in the PiggyPiggy ecosystem and get a first look at $PGC prices ahead of the broader market. PiggyPiggy ($PGC) Tokenomics  Source: PiggyPiggy on Telegram    PiggyPiggy emphasizes community engagement and ecosystem growth with the following token allocation:   65%: Community Rewards (Airdrops, Salaries, Bonuses). 35%: Game Development, Liquidity, Airdrops, and Launch Pool. All tokens will be unlocked at the TGE, ensuring liquidity and immediate rewards for active participants. More detailed tokenomics will be shared in the coming weeks.   How to Earn $PGC Tokens in PiggyPiggy Game In PiggyPiggy, you start as an Intern and can gradually upgrade to Employee, Manager, or Boss by earning or purchasing $PGC tokens. Earnings come through various game activities:   Daily Salary: Intern: Starting tier with minimal rewards. Employee: $2 per day. Manager: $4.20 per day with an upgrade fee. Bonus Tasks: Complete special tasks to earn extra tokens in the Bonus section. Referral Rewards: Invite friends to unlock higher salaries and earn referral points. Leaderboard Prizes: Compete in leaderboard events for additional rewards. Magic Cards: Use these cards to “rob” points from other players, doubling your earnings or automating task completion. How to Prepare for the PiggyPiggy Airdrop Activate the PiggyPiggy Bot: Start interacting with the official PiggyPiggy bot on Telegram. Link Your TON Wallet: Make a TON transaction to confirm eligibility. Complete Daily Tasks: Engage regularly with tasks to accumulate more tokens. Invite Friends: Expand your referral network to earn bonuses and increase salaries. Monitor Updates: Keep an eye on the official PiggyPiggy channel for announcements and new features. What’s Next for PiggyPiggy After the Listing? Following the listing, PiggyPiggy will introduce new seasons with enhanced rewards and competitive events. Leaderboard tournaments and carnival bonuses will keep the community engaged, while withdrawal functionality—currently disabled—will likely reopen, allowing players to redeem their $PGC tokens for trading.   Conclusion PiggyPiggy’s combination of engaging gameplay and role-based earnings makes it an exciting addition to the Telegram gaming ecosystem. With 100% of its tokens allocated for community rewards, it offers a transparent and rewarding experience for participants. The $PGC listing on November 12 will provide new trading opportunities, so make sure to complete the airdrop tasks and link your TON wallet to secure your rewards.   Stay tuned for more updates as PiggyPiggy continues to roll out exciting features and gameplay enhancements!   Read more: October’s Top Crypto Airdrops: X Empire, TapSwap & MemeFi and More

Share
5h ago
Bitcoin Slides to $66K, Ether Slides 5%, Tesla Holds Its Bitcoin, Reveals Q3 Financials Amid Stock Dip After Cybercab Reveal: Oct 24

At 8:00 AM UTC+8, Bitcoin  was priced at $66,665, showing a 1.12% drop, while Ethereum stood at $2,524, down by 3.73%. The market's 24-hour long/short ratio in the futures market was almost balanced at 49.5% long versus 50.5% short positions. The Fear and Greed Index, which measures market sentiment, was at 69 yesterday, indicating a "Greed" level, though slightly down from 71 recorded 24 hours earlier. The crypto market remains in Greed territory today, with the Crypto Fear & Greed Index slightly decreasing from 70 to 69. Despite recent fluctuations, the overall market leans towards greed.   Quick Take  The crypto market saw a dip, with Bitcoin briefly falling to $66,000 and Ethereum dropping 5%, while Solana held steady. Tesla revealed it continues to hold $184 million in Bitcoin, showing its long-term commitment to the asset despite market volatility.  Investor sentiment remains cautious due to global uncertainties and the upcoming U.S. election, adding to market hesitancy. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair  24H Change GOAT/USDT +37.01% POPCAT/USDT +18.05% MEW/USDT +15.49%   Trade now on KuCoin   Crypto Market Slides: Bitcoin Dips to $66k, Ether Slides 5%, Solana Holds Firm BTC/USDT price chart | Source: KuCoin   Cryptocurrencies experienced a selloff in parallel with traditional financial markets on Wednesday. Bitcoin saw a decline of 2.3%, falling to $66,000 before recovering above $67,000, while Ethereum took a harder hit, dropping 5.3% to below $2,490. The broader crypto market, represented by the CoinDesk 20 index—tracking the top 20 cryptocurrencies by market cap—fell by 2.6%. Chainlink suffered the worst losses, slumping 7.6%, while Internet Computer managed to rise 1%, the only token to defy the downtrend. This selloff, occurring alongside traditional market downturns, highlights investor hesitancy amidst current global uncertainties.   Solana Outshines Ethereum, Reignites Debate on Blockchain Roadmaps SOL/USDT price chart | Source: KuCoin    One of the standout performances came from Solana, which held steady amidst the market declines. The SOL/ETH trading pair surged 6.3%, setting a new all-time high, while ETH/BTC hit its lowest point since April 2021. This strong showing from Solana has reignited debates around Ethereum's roadmap. According to Brian Rudick, director of research at GSR, Ethereum's underperformance must be analyzed in the broader context. He pointed out that the recent success of spot Bitcoin ETFs and the revival of Solana following the FTX collapse were unique events that helped BTC and SOL significantly outperform ETH. Rudick emphasized that, discounting the FTX collapse, Ethereum's performance since the 2021 crypto peak has actually been on par with Solana’s, suggesting that the current sentiment might be skewed by recent developments rather than longer-term trends.   Political Uncertainty and Upcoming U.S. Election Weigh on Sentiment Adding to the bearish sentiment is the uncertainty surrounding the upcoming U.S. presidential election. Joe Edwards, head of research at Enigma Securities, noted that even with crypto-friendly Donald Trump leading in betting markets, and Vice President Kamala Harris displaying a less antagonistic stance towards crypto compared to the current administration, markets are struggling to gain momentum. This lack of direction is likely tied to hesitancy around the political outlook and broader macroeconomic conditions. Investors are unwilling to make bold moves before seeing how the election unfolds, keeping upward momentum in check. With different drivers at play for each major asset, the near future of the crypto landscape appears uncertain, and traders will need to navigate these waters carefully in the weeks ahead.   Read More: Polymarket Hits Record $533M in Volume Amid U.S. Election Hype and Potential Token Launch   Tesla Holds Its Bitcoin, Reveals Q3 Financials Amid Stock Dip After Cybercab Reveal Tesla Retains Bitcoin Holdings for the Fifth Straight Quarter. Tesla's Q3 2024 earnings report revealed that the company held onto all its digital assets, including $184 million in Bitcoin, for the fifth consecutive quarter. This consistency in Bitcoin holdings highlights Tesla's approach to cryptocurrency as a strategic long-term asset.   In Q3, Tesla's revenue was $25.18 billion, slightly down from Q2's $25.5 billion, but net income showed a healthy increase, reaching $2.18 billion, up from $1.5 billion in the previous quarter. The continued holding of Bitcoin by Tesla and other public companies is closely monitored by investors, serving as an indicator of institutional interest in the crypto space and potential market impacts from selling pressures.   Source: Tesla Balance Sheet Q3   Arkham Intelligence Reports Wallet Movements, No BTC Sold Speculation about Tesla's Bitcoin wallet activity spiked when Arkham Intelligence reported a transfer from wallets believed to belong to the company. According to Arkham, Tesla still controls around 11,509 BTC, worth roughly $750.7 million. This finding was confirmed by Tesla's recent financial disclosures, confirming no crypto sales since 2022, despite rumors of asset movement. Tesla's firm commitment to Bitcoin reflects their confidence in its value as a digital asset. Despite investor skepticism following the launch of Tesla's self-driving Cybercab, the company's commitment to holding its Bitcoin remains unwavering. The decision by Tesla to retain its Bitcoin holdings is closely observed by investors and the broader market. Public companies holding large amounts of digital assets are often seen as indicators of institutional confidence in the crypto space. Tesla's consistency here reflects continued interest from significant players in the industry, which could impact market sentiment and the broader adoption of Bitcoin.   Conclusion Tesla’s ongoing commitment to its Bitcoin holdings, alongside its mixed revenue and profit performance, underscores its strategic perspective on cryptocurrency as a long-term asset. Investors closely watch moves like this from public companies to gauge broader institutional interest in crypto. As Tesla stands firm, it signals confidence in Bitcoin's role in the evolving financial landscape. Cryptocurrencies experienced a selloff in parallel with traditional financial markets on Wednesday. Adding to the bearish sentiment is the uncertainty surrounding the upcoming U.S. presidential election. With different drivers at play for each major asset, the near future of the crypto landscape appears uncertain, and traders will need to navigate these waters carefully in the weeks ahead.   Read More: HBO Spotlights Peter Todd, Avalanche Launches Crypto Visa, Sui Integrates with Google Cloud: Oct 23

Share
9h ago
X Empire Listing Price After $X Token Launch and Airdrop on October 24, 2024

X Empire, a popular tap-to-earn Telegram game, will launch its $X token on October 24, 2024. Along with the token launch, a phased airdrop will reward eligible users. Known previously as "Musk Empire," X Empire combines strategic gameplay and virtual stock trading, attracting 50 million players worldwide. With the $X token's release, the game takes the next step in building its ecosystem, offering airdrops, trading opportunities, and incentives for both new and loyal users.   Quick Take X Empire will launch its $X token on October 24, 2024. The total supply of the token is capped at 690 billion $X tokens. The token will be issued on The Open Network (TON) blockchain, with 6 million users eligible to participate in the airdrop.  The $X token will be listed on KuCoin and other exchanges for trading.  The X pre-listing price is likely to be around $0.0002 USDT per token, according to pre-market trading activity on KuCoin.  X Empire Airdrop Details and Token Distribution Source: X Empire on Telegram    The $X token airdrop marks a major milestone for X Empire. The phased airdrop approach will reduce market volatility by rewarding early participants first and gradually expanding token access to other users. Out of the total supply of 690 billion tokens:   75% (517.5 billion tokens) will go to miners and voucher holders. 25% (172.5 billion tokens) is reserved for new users and platform growth. The developers finalized the airdrop preparation after completing a "Chill Phase" on October 17, which allowed players to accumulate extra tokens. Users can claim tokens starting October 24 at 12:00 UTC on leading exchanges such as KuCoin.   Read more: X Empire Airdrop Set for October 24: Listing Details to Know   What Will Be X Empire Listing Price After the Token Launch? X Empire (X) pre-market price trends | Source: KuCoin pre-market    The pre-listing price of $X could be around $0.0002 USDT based on KuCoin pre-market activity, and the token will go live for trading on October 24, 2024, at 12:00 UTC across major exchanges. Analysts predict that the initial trading price could surge to $0.0004–$0.0005 due to early demand from players and speculative traders.   However, profit-taking by early participants might trigger a slight correction within the first 24 hours, bringing the price down to around $0.0003 USDT. This price stabilization will depend on trading volume and liquidity across exchanges. If hype continues, the token could maintain its momentum, setting the stage for steady growth beyond its launch day.   Investors should also be aware that short-term volatility is likely, especially with the phased airdrop approach. This strategy aims to reduce selling pressure, which could help $X avoid large price swings.   What Is X Empire Price Prediction After Token Launch? The $X token listing has generated significant excitement among investors and players. However, with its pre-listing price around $0.0002, the key question is: how will the token perform post-launch?   Short-Term Price Prediction (2024) Launch Price: $0.0002 USDT Expected High: $0.0005 USDT (150% gain) Year-End Prediction: $0.0003–$0.0004 After the token launch, initial hype could drive the price higher within the first few hours of trading. Analysts expect a 50% price surge, reaching $0.0005, before stabilizing around $0.0003–$0.0004 by year-end. This forecast assumes strong community participation and high liquidity across exchanges.   Medium-Term Price Prediction (2025) Low Estimate: $0.0002 USDT Average Estimate: $0.0006 USDT High Estimate: $0.0010 USDT In 2025, X Empire’s success will depend on user growth, strategic partnerships, and market sentiment. If the project continues to deliver updates and new gameplay elements, the token price could reach $0.0010. However, if momentum slows or competition increases from other tap-to-earn games like Hamster Kombat, the price might hover between $0.0004 and $0.0006.   Long-Term Price Prediction (2030) Bullish Case: $0.01 USDT Moderate Case: $0.005 USDT Bearish Case: $0.002 USDT By 2030, X Empire must continue evolving to maintain relevance in the fast-changing crypto landscape. If it introduces innovative gameplay features and retains a loyal player base, the token could reach $0.01. However, like Hamster Kombat and other TON-based games, X Empire may face challenges in maintaining its listing price. Many TON mini-games have struggled due to limitations in adding new features, which hampers sustained community engagement. With the current saturation of TON mini-games during this bull run, it’s still too early to determine if X Empire can maintain its momentum in the long term. If the project fails to adapt, the token may struggle to hold a value higher than $0.002, reflecting reduced user engagement and increasing competition.   Read more: X Empire ($X) Price Prediction: What to Expect After the Airdrop Listing on October 24, 2024   Factors Influencing X Empire Token Performance Several factors will determine how the $X token performs after launch:   Market Sentiment: If the broader crypto market remains bullish, $X could benefit from positive spillover effects. Community Engagement: Active participation from X Empire’s 50 million players will be crucial for driving trading volume and token adoption. Liquidity and Exchange Support: The availability of $X on multiple exchanges will enhance liquidity and trading stability. Airdrop Backlash: While the phased distribution is designed to prevent dumps, the limited eligibility (6 million users) has drawn criticism, which could impact sentiment. Strategic Updates: New features or partnerships announced post-launch will boost confidence and attract more investors. Conclusion X Empire’s $X token launch on October 24, 2024 marks a pivotal moment for the project. With a phased airdrop and multi-exchange listing, the team aims to build momentum and market credibility. While the short-term price forecast looks promising, sustained growth will depend on market conditions, user engagement, and future innovations. However, users should stay vigilant, manage risks carefully, and never trade more than they can afford to lose to navigate the volatile market dynamics surrounding new token launches.   While the token faces competition from other Telegram games like Hamster Kombat and Catizen, X Empire’s large player base and strategic distribution plan provide it with a strong foundation. Whether the token reaches $0.01 by 2030 or stabilizes at a lower value will depend on the team’s ability to adapt and grow the platform.   As excitement builds, keep an eye on the token's trading launch at 12:00 UTC on October 24, and monitor the latest updates from the X Empire team to stay ahead of market developments.   Read more: October’s Top Crypto Airdrops: X Empire, TapSwap & MemeFi and More

Share
10h ago
Hamster Kombat Mini Game Puzzle Solution, October 24, 2024

Hello, Hamster Kombat CEO! Did you withdraw your $HMSTR yesterday and trade it for profit? $HMSTR was finally launched on CEXs, including KuCoin, on September 26 after months of hype. $HMSTR is now trading at $0.003402 at the time of writing.   Now the game is in its Interlude Season, and your efforts in solving daily challenges to maintain your edge as a Hamster Kombat player will pay off. Hamster Kombat’s mini-game puzzle offers a chance to earn valuable golden keys, with the mining phase ending on September 20, 2024.    Quick Take Solve today's Hamster Kombat mini-game puzzle and claim your daily golden key for the day. The $HMSTR token airdrop and TGE event took place on September 26, 2024. $HMSTR token was listed on top centralized exchanges, including KuCoin, on the same day.  Boost your earnings with the new Hexa Puzzle mini-game and exploring Playground games In this article, we provide the latest puzzle solutions and tips on how to secure your golden key, along with insights into the new Playground feature, which can boost your airdrop rewards.   Read More: What Is Hamster Kombat Hexa Puzzle Mini Game and How to Play?   Hamster Mini Game Puzzle Solution, October 24, 2024 The Hamster mini-game sliding puzzle mimics the fluctuations of a crypto price chart’s red and green candlestick indicators. Here’s how to solve it:     Analyze the Layout: Examine the puzzle to spot the obstacles. Move Strategically: Focus on clearing the candles that block your path. Quick Swipes: Speed is crucial! Make sure your moves are fast and accurate to beat the timer. Monitor the Clock: Keep an eye on the countdown to avoid running out of time. Don’t worry if you fail! You can retry after a short 5-minute cooldown.   Hamster Kombat ($HMSTR) is launched on KuCoin for spot and futures trading. You can deposit $HMSTR with 0 gas fees and start trading the token now!     Hamster Kombat’s New Hexa Puzzle Mini-Game to Mine Diamonds In addition to the sliding puzzle, Hamster Kombat has introduced the Hexa Puzzle, a match-based game that allows you to stack tiles on a hexagonal grid and continuously earn Hamster diamonds. It’s a fantastic way to accumulate diamonds ahead of the token launch, with no restrictions.   Earn More Diamonds From Games in the Playground The Playground feature offers opportunities to earn valuable diamonds by engaging with partner games. Each game provides up to four diamonds. Here’s how to participate: Select a Game: Choose from 17 available games, including Train Miner, Coin Masters, and Merge Away. Complete Tasks: Play and complete tasks to grab diamonds. Redeem in Hamster Kombat: Enter your key code in Hamster Kombat to boost your earnings in the game. These games are simple, free-to-play, and enhance your earning potential for the upcoming $HMSTR airdrop.   Hamster Kombat TGE and Airdrop is Here  The highly anticipated $HMSTR token airdrop finally took place yesterday, on September 26, 2024. Previously, the token was available for pre-market trading on platforms such as KuCoin. Yesterday, the token distribution occurred, and users have now received their tokens after months of waiting. Besides, players can now withdraw their tokens to selected CEXs including KuCoin from other TON-based wallets in Telegram.   As the airdrop event took place, The Open Network (TON) faced challenges due to a heavy network load caused by the large number of minted tokens generated on the platform.   Read more: Hamster Kombat Announces Token Airdrop and Launch on The Open Network for  Hamster Kombat Airdrop Task 1 Goes Live: How to Link Your TON Wallet Hamster Kombat Adds Airdrop Allocation Points Feature Ahead of HMSTR Airdrop As per the Hamster Kombat whitepaper, sixty percent of the total token supply will be distributed to eligible players, while the rest will go toward market liquidity and ecosystem growth, ensuring long-term sustainability.   Hamster Kombat Welcomes the Interlude Season before the Season 2 Starts  The conclusion of Hamster Kombat Season 1 doesn’t mark the end of the game, as players now enter the Interlude Season. This warm-up phase will last a few weeks before the launch of Season 2. During this period, players can focus on farming diamonds, which will provide advantages in the upcoming season. The more diamonds you collect, the greater the benefits in Season 2. The Interlude Season offers a valuable opportunity for players to prepare and get ahead before new challenges and rewards are introduced.   Read More: Hamster Kombat Welcomes the Interlude Season Before the Token Airdrop on    Conclusion Now that the $HMSTR token has officially launched and the TGE has occurred, you can still stay active in Hamster Kombat’s daily puzzles and Playground games. Continue collecting keys to enhance your rewards and take advantage of ongoing opportunities as you wait for Season 2 to kick off.   For more updates and details, bookmark this page and follow KuCoin News.   Read more: How to Buy and Sell Hamster Kombat (HMSTR) Tokens: A Comprehensive Guide

Share
14h ago
GRASS Airdrop Eligibility Checker Live Amid Pre-Market Listing

KuCoin has launched pre-market trading of Grass (GRASS), stirring excitement among crypto enthusiasts as the highly anticipated airdrop draws near. The pre-market price of GRASS on KuCoin currently stands at 1.06 USDT, a promising signal following a rally of 52% from last week’s low of 0.7330 USDT. As traders gear up for the upcoming airdrop, with the listing date yet to be confirmed, anticipation continues to build, keeping the market outlook for GRASS bullish.   Quick Take The GRASS token is currently trading at 1.06 USDT on KuCoin pre-market.  For the first Grass Network airdrop, 100 million GRASS tokens—10% of the total supply—will be given out.  Those eligible to receive tokens during the Grass airdrop campaign include Alpha testers, GigaBuds NFT holders, and other contributors to the network. As per the project roadmap, the GRASS token will be used for governance, staking, accessing bandwidth, and paying transaction fees within the Grass network. What Is Grass Network (GRASS)?    Grass Network aims to revolutionize internet connectivity by enabling users to monetize unused bandwidth through a decentralized network. Traditional networks, controlled by large corporations, extract value from participants. In contrast, Grass allows users to retain control of their contributions and earn passive income by sharing bandwidth.   The network infrastructure relies on routers that connect nodes across geographical regions, ensuring low-latency web traffic and seamless operation. Grass also supports Live Context Retrieval (LCR) to provide a neutral, transparent search experience free from advertising bias.   When Is the Grass Airdrop?  The GRASS airdrop is expected to take place in Q4 2024, with the eligibility checker already live. The Grass Foundation has confirmed that the first airdrop will distribute 100 million GRASS tokens, representing 10% of the total supply. Although the exact claiming date hasn't been announced yet, the eligibility tool allows users to see their allocation based on their participation in the network's early initiatives, such as the Closed Alpha and Epochs 1-7.   Read more: Top DePIN Crypto Projects to Know in 2024   Grass Network (GRASS) is now available for pre-market trading on KuCoin. Trade $GRASS tokens early to secure your position in the Grass Network ecosystem and get a first look at $GRASS prices before the official spot market release. GRASS Airdrop Breakdown and Eligibility Source: Grass Foundation on X    The Grass Foundation's first airdrop distributes 100 million GRASS tokens, accounting for 10% of the total 1 billion token supply. Allocation details are as follows:   9% to users with 500+ Grass Points during the Network Snapshot (Epochs 1-7). 0.5% to GigaBuds NFT holders, with 515 GRASS allocated per eligible NFT. 0.5% to users who installed the Desktop Node or Saga Application and earned Grass Points. Eligible participants can check their airdrop allocation using the official Grass eligibility tool. Claiming will open soon, and additional allocations are expected as the network evolves.   Incentive Programs and Future Token Releases The phased token release strategy ensures sustainable growth, with only 10% of the supply airdropped initially. The remaining 90% will be released periodically, supporting liquidity, staking incentives, and community-building initiatives.   The referral program offers an additional layer of rewards, giving participants 20% of the points earned by their direct referrals. This approach aligns individual incentives with the network’s long-term expansion goals.   GRASS Token Utility  The GRASS token is central to the network’s goal of creating a user-owned internet. Its design ensures a sustainable balance between governance, staking rewards, and bandwidth access.   Key Use Cases Governance: Token holders propose and vote on network improvements, determine incentive mechanisms, and align on partnerships. Staking Rewards: Users stake GRASS tokens to Routers to facilitate web traffic, earning rewards while contributing to network security. A minimum of 1.25 million GRASS must be staked for each router to become operational. Access to Bandwidth: After decentralization, GRASS will serve as payment for transactions across the network, enabling decentralized scraping of public web data. Users can participate in the Bonus Epoch by downloading the Grass desktop app, connecting their Solana wallets, and earning Grass Points. The referral program offers up to 20% of points earned from referred users, further incentivizing participation and network growth.   GRASS Token’s Price Performance on KuCoin Pre-Market GRASS pre-market price trends on KuCoin    KuCoin has become a primary exchange for GRASS futures, with trading starting on October 17, 2024. Here’s a snapshot of the pre-market performance:   Floor Price: 1.07 USDT Highest Bid: 0.97 USDT Average Price: 1.11 USDT Traders are closely monitoring GRASS price trends in the pre-market, preparing for the token’s full launch and upcoming airdrop. The phased token release has fueled speculation while mitigating the risks of market dilution.   When Is the Grass Network (GRASS) Listing Date?  While the GRASS token is being actively traded on KuCoin’s pre-market platform, its official spot listing is likely to occur only after the official token launch and airdrop. Stay tuned to official channels and KuCoin News for the latest developments surrounding the GLASS token listing date.    Rising Fake Airdrops Amid GRASS Token Launch and Airdrop  With the surge in excitement around GRASS, scammers are spreading fake airdrop links across social media. To avoid falling victim to fraud, users should rely only on official announcements from the Grass Foundation or KuCoin. The Grass airdrop eligibility checker is available on the official website, and users are urged to stay vigilant.   Conclusion The GRASS token launch and airdrop represent the first step in an ambitious plan to reshape internet ownership and connectivity. GRASS has the potential to become a key player in the decentralized web space, thanks to its focus on user empowerment, governance, and staking rewards.   However, traders and participants should be mindful of potential risks, especially token dilution as more tokens are released over time. A phased rollout strategy helps manage market entry, but price volatility may still occur as the supply increases.   Users are encouraged to stay informed through official channels such as KuCoin’s platform and the Grass Foundation’s website. Checking airdrop eligibility through the official tool will ensure a smooth claiming process. As always, remain vigilant against potential scams and trade cautiously to navigate any market fluctuations effectively.   Read more: October’s Top Crypto Airdrops: X Empire, TapSwap & MemeFi and More  

Share
10/23/2024
HBO Spotlights Peter Todd, Avalanche Launches Crypto Visa, Sui Integrates with Google Cloud: Oct 23

Today's crypto highlights: Peter Todd is under scrutiny after HBO’s documentary suggests he might be Satoshi Nakamoto, sparking controversy and fear. Avalanche breaks new ground with its Visa card launch, bringing crypto payments closer to mainstream adoption. Sui Blockchain advances by integrating Google Cloud’s real-time data services, boosting blockchain utility. The crypto market remains in Greed territory today, with the Crypto Fear & Greed Index slightly decreasing from 71 to 70. Bitcoin (BTC) has shown some momentum, trading at $67,419 with a slight gain of +0.07%, while Ethereum (ETH) has dropped by -1.66% to $2,622. In the futures market, the 24-hour Long/Short ratio remains balanced at 49.5%/50.5%, reflecting relatively even sentiment among traders. Despite recent fluctuations, the overall market leans towards greed.   Crypto Fear & Greed Index | Source: Alternative.me   Trending Tokens of the Day  Top 24-Hour Performers      Trading Pair  24H Change SCR/USDT 118.7% UNIO/USDT 18.73% POKT/USDT 31.23%   Trade now on KuCoin   HBO Documentary Brings Peter Todd Into the Spotlight, Sparks Safety Concerns Peter Todd recently found himself in an unexpected spotlight. An HBO documentary, created by filmmaker Cullen Hoback, claimed that Todd is the mysterious creator of Bitcoin, Satoshi Nakamoto. The documentary premiered on October 9, alleging Todd's identity as the man behind the world’s most valuable cryptocurrency. Since then, Todd has voiced fears for his safety, explaining that the sudden association with Nakamoto's wealth has forced him into hiding.    Though Todd vehemently denied being the Bitcoin inventor, the exposure has put him at risk. In an interview with Wired, Todd stated, “Obviously, falsely claiming that ordinary people of ordinary wealth are extraordinarily rich exposes them to threats like robbery and kidnapping. Not only is the question dumb, it’s dangerous.” Todd pointed out that Satoshi Nakamoto took great efforts to remain anonymous to avoid precisely such threats, and he criticized those trying to uncover Nakamoto's identity.   Despite Todd's rebuttal, Cullen Hoback defended the documentary's purpose, arguing that identifying Nakamoto is important given the potential wealth associated with the Bitcoin creator. Hoback highlighted that an anonymous figure possibly controls one-twentieth of the global supply of Bitcoin, making Nakamoto’s identity significant. While the documentary raises questions, it has also put Todd in a precarious position, showing the potentially harmful impact of high-profile speculation in the cryptocurrency world.   Avalanche’s Crypto Visa Card Marks Milestone for Adoption Avalanche has launched its Visa Card, which brings cryptocurrency payments closer to mainstream use. The card enables users to make purchases using cryptocurrencies such as WAVAX, USDC, and sAVAX at any location that accepts Visa payments. Available in both virtual and physical formats, the card provides a seamless way for users to convert their digital assets into transactions across millions of merchants globally. Initially launched in Latin America and the Caribbean, the rollout is expected to expand to additional regions soon.   The Avalanche Visa Card represents a significant move in bridging traditional finance and the crypto economy. The card offers self-custody wallets for users, providing secure, unique addresses for each asset, and ensuring easy access to spending while maintaining high security. Features like spending alerts, card freeze options, and PIN customization give users more control over their funds, enhancing security.   One standout feature of the Avalanche Card is its non-bank status. This means that the card is not linked to any traditional financial institution, allowing users to enjoy the benefits of privacy without any impact on their credit scores. However, this also means that users need to handle their spending responsibly, as there are no reporting mechanisms to credit bureaus.   Avalanche's strategic launch in underbanked regions like Latin America aims to provide financial inclusion through blockchain technology. The card supports the goal of integrating cryptocurrencies into everyday financial transactions, allowing holders to spend crypto as easily as fiat currency. By bringing crypto payments into the physical world, Avalanche is working to drive the adoption of digital currencies, making them a practical alternative to traditional money. Though there are limitations regarding specific countries—such as Cuba, Venezuela, and Russia, where the card is not accessible—the initial rollout is a step forward in bridging financial gaps with crypto technology.     Sui Integrates with Google Cloud to Power Real-Time Blockchain Applications Sui, a decentralized blockchain network, has announced a new integration with Google Cloud, facilitated by blockchain infrastructure provider ZettaBlock. This partnership is a significant development for blockchain data accessibility, allowing developers to access real-time blockchain information through Google Cloud’s Pub/Sub service. By providing seamless data flow, this integration aims to boost the creation of innovative applications, such as AI-powered fraud detection and immersive gaming.   Blockchain technology acts as a decentralized digital ledger, making data transparent and secure. By integrating with Google Cloud, Sui’s blockchain data becomes available for applications that rely on real-time responsiveness. This is especially relevant for artificial intelligence models that need immediate access to the latest data, such as those used for monitoring transactions for signs of fraud.   The collaboration with Google Cloud means that developers can now build more sophisticated solutions on the Sui network. For example, AI models can detect suspicious transactions as they happen, rather than relying on older, static data. This ability enhances the effectiveness of fraud detection systems. Additionally, real-time blockchain data can enrich online gaming experiences by making games dynamic—altering difficulty levels or character behaviors based on actual blockchain events. ZettaBlock and Sui are looking forward to expanding these capabilities, offering developers advanced tools to make blockchain data more accessible for a wide range of applications.   See Also: Top Sui Memecoins to Watch in 2024-25   Source: X   Read More: Top Sui Memecoins to Watch in 2024-25   Conclusion The world of blockchain and cryptocurrencies is evolving rapidly, as seen in these latest developments. Peter Todd's forced association with Satoshi Nakamoto has thrown a spotlight on the real dangers of unverified claims in the crypto industry. Meanwhile, Avalanche’s Visa Card launch is a step toward integrating cryptocurrencies into everyday transactions, making digital currencies more accessible. Lastly, Sui's partnership with Google Cloud through ZettaBlock is helping provide innovative solutions with real-time blockchain data, empowering both AI and gaming industries. Stay tuned to KuCoin for up to date crypto news!

Share
10/23/2024
Hamster Kombat Mini Game Puzzle Solution, October 23, 2024

Hello, Hamster Kombat CEO! Did you withdraw your $HMSTR yesterday and trade it for profit? $HMSTR was finally launched on CEXs, including KuCoin, on September 26 after months of hype. $HMSTR is now trading at $0.003830 at the time of writing. Now the game is in its Interlude Season, and your efforts in solving daily challenges to maintain your edge as a Hamster Kombat player will pay off. Hamster Kombat’s mini-game puzzle offers a chance to earn valuable golden keys, with the mining phase ending on September 20, 2024.  Quick Take Solve today's Hamster Kombat mini-game puzzle and claim your daily golden key for the day. The $HMSTR token airdrop and TGE event took place on September 26, 2024. $HMSTR token was listed on top centralized exchanges, including KuCoin, on the same day.  Boost your earnings with the new Hexa Puzzle mini-game and exploring Playground games In this article, we provide the latest puzzle solutions and tips on how to secure your golden key, along with insights into the new Playground feature, which can boost your airdrop rewards. Read More: What Is Hamster Kombat Hexa Puzzle Mini Game and How to Play? Hamster Mini Game Puzzle Solution, October 23, 2024 The Hamster mini-game sliding puzzle mimics the fluctuations of a crypto price chart’s red and green candlestick indicators. Here’s how to solve it:     Analyze the Layout: Examine the puzzle to spot the obstacles. Move Strategically: Focus on clearing the candles that block your path. Quick Swipes: Speed is crucial! Make sure your moves are fast and accurate to beat the timer. Monitor the Clock: Keep an eye on the countdown to avoid running out of time. Don’t worry if you fail! You can retry after a short 5-minute cooldown.   Hamster Kombat ($HMSTR) is launched on KuCoin for spot and futures trading. You can deposit $HMSTR with 0 gas fees and start trading the token now!     Hamster Kombat’s New Hexa Puzzle Mini-Game to Mine Diamonds In addition to the sliding puzzle, Hamster Kombat has introduced the Hexa Puzzle, a match-based game that allows you to stack tiles on a hexagonal grid and continuously earn Hamster diamonds. It’s a fantastic way to accumulate diamonds ahead of the token launch, with no restrictions.   Earn More Diamonds From Games in the Playground The Playground feature offers opportunities to earn valuable diamonds by engaging with partner games. Each game provides up to four diamonds. Here’s how to participate: Select a Game: Choose from 17 available games, including Train Miner, Coin Masters, and Merge Away. Complete Tasks: Play and complete tasks to grab diamonds. Redeem in Hamster Kombat: Enter your key code in Hamster Kombat to boost your earnings in the game. These games are simple, free-to-play, and enhance your earning potential for the upcoming $HMSTR airdrop.   Hamster Kombat TGE and Airdrop is Here  The highly anticipated $HMSTR token airdrop finally took place yesterday, on September 26, 2024. Previously, the token was available for pre-market trading on platforms such as KuCoin. Yesterday, the token distribution occurred, and users have now received their tokens after months of waiting. Besides, players can now withdraw their tokens to selected CEXs including KuCoin from other TON-based wallets in Telegram.   As the airdrop event took place, The Open Network (TON) faced challenges due to a heavy network load caused by the large number of minted tokens generated on the platform.   Read more: Hamster Kombat Announces Token Airdrop and Launch on The Open Network for  Hamster Kombat Airdrop Task 1 Goes Live: How to Link Your TON Wallet Hamster Kombat Adds Airdrop Allocation Points Feature Ahead of HMSTR Airdrop   As per the Hamster Kombat whitepaper, sixty percent of the total token supply will be distributed to eligible players, while the rest will go toward market liquidity and ecosystem growth, ensuring long-term sustainability.   Hamster Kombat Welcomes the Interlude Season before the Season 2 Starts  The conclusion of Hamster Kombat Season 1 doesn’t mark the end of the game, as players now enter the Interlude Season. This warm-up phase will last a few weeks before the launch of Season 2. During this period, players can focus on farming diamonds, which will provide advantages in the upcoming season. The more diamonds you collect, the greater the benefits in Season 2. The Interlude Season offers a valuable opportunity for players to prepare and get ahead before new challenges and rewards are introduced.   Read More: Hamster Kombat Welcomes the Interlude Season Before the Token Airdrop on    Conclusion Now that the $HMSTR token has officially launched and the TGE has occurred, you can still stay active in Hamster Kombat’s daily puzzles and Playground games. Continue collecting keys to enhance your rewards and take advantage of ongoing opportunities as you wait for Season 2 to kick off.   For more updates and details, bookmark this page and follow KuCoin News.   Read more: How to Buy and Sell Hamster Kombat (HMSTR) Tokens: A Comprehensive Guide

Share
10/23/2024
BlackRock's Bitcoin ETF IBIT Gains $329M Amid Bitcoin Dip

On October 21, investors took advantage of Bitcoin’s 3% dip, adding $329 million to BlackRock’s iShares Bitcoin Trust (IBIT). This marked the third time in four trading days that IBIT recorded over $300 million in inflows, reaffirming its dominance in the U.S. spot Bitcoin ETF market.   Quick Take BlackRock's iShares Bitcoin Trust (IBIT) gained $329M in inflows on October 21, despite Bitcoin’s 3% dip. Fidelity's Bitcoin fund followed with $5.9M in inflows, while other ETFs posted negative or flat flows. Bitcoin’s price dropped to $66,975 after failing to break the $70,000 resistance. Analysts predict a pullback to $62,000, following Bitcoin’s highest weekly close in five months. A quantile model suggests Bitcoin could range between $55,000 and $285,000 by 2025. Michael Saylor faced backlash over promoting custodial solutions for Bitcoin. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with a $5.9 million inflow, while other spot Bitcoin ETFs saw flat or negative flows. This influx suggests investors continue to see Bitcoin as a long-term asset despite recent volatility.   Bitcoin’s Price Correction and ETF Performance Spot Bitcoin ETF inflows | Source: Farside Investors    Bitcoin’s recent dip to $66,975 came after a failed attempt to break the $70,000 resistance. This decline disrupted a 10-day rally fueled by election-related speculation. Analysts like Emperor predict a pullback to $62,000, signaling that further consolidation may be on the horizon.   Despite the price correction, Bitcoin ETFs continue to attract strong inflows, reflecting investor confidence. With IBIT now surpassing $23 billion in total net inflows, BlackRock’s product stands as one of the top-performing ETFs of 2024, alongside Vanguard and BlackRock’s S&P 500 funds.   Read more: Best Spot Bitcoin ETFs to Buy in 2024   Bitcoin’s Correlation with Traditional Markets Remains High BTC/USDT vs S&P 500 | Source: TradingView    Bitcoin's 40-day correlation with the S&P 500 remains above 80%, indicating that macroeconomic factors continue to influence both asset classes. While Bitcoin has historically decoupled from traditional markets during bull runs, recent trends suggest a tight alignment with equities.   Analysts believe that Bitcoin must decouple from stocks to regain its position as a non-correlated asset. In addition, Bitcoin’s growing correlation with gold suggests that investors are increasingly using it as a hedge against macroeconomic uncertainty.   Read more: The Bitcoin Stock-to-Flow (S2F) Model: A Comprehensive Guide   Quantile Model Predicts Bitcoin Could Reach as High as $285K in 2025 Source: X    Amid ongoing price volatility, analysts like Sina have employed a quantile model to predict Bitcoin’s market behavior. The model divides Bitcoin’s price trajectory into three zones—cold, warm, and hot—based on probability ranges:   Cold Zone (33% percentile): $55,000 to $85,000 Warm Zone (33%-66% percentile): $85,000 to $136,000 Hot Zone (66%-99% percentile): $136,000 to $285,000 Sina emphasized that Bitcoin tends to cycle between these zones over time. If Bitcoin stays within the cold zone throughout 2025, it presents a buying opportunity for long-term investors. In contrast, the hot zone represents peak market conditions, marked by rapid reversals and profit-taking.   Michael Saylor Promotes Custodial Bitcoin Solutions MicroStrategy’s chairman, Michael Saylor, sparked controversy on October 21 by promoting custodial solutions for Bitcoin through “too big to fail” financial institutions. Saylor's shift contrasts with his earlier stance on self-custody, which he once championed as essential for decentralization.   During an interview, Saylor dismissed concerns about government interference, referring to self-custody advocates as “paranoid crypto-anarchists.” He argued that large institutions would better safeguard Bitcoin assets, triggering criticism from Bitcoin advocates.   Sina, co-founder of 21st Capital, warned that Saylor’s pivot undermines Bitcoin’s ethos of financial sovereignty. Other analysts speculated that MicroStrategy’s long-term goal might involve positioning itself as a Bitcoin bank, further driving the narrative in favor of institutional custody.   Read more: MicroStrategy's Bitcoin Holdings and Purchase History: A Strategic Overview   Conclusion: Bitcoin ETFs Thrive Despite Volatility BlackRock’s IBIT continues to attract significant inflows, signaling sustained institutional interest in Bitcoin. While Bitcoin's recent dip to $66,975 has sparked predictions of further pullbacks, the resilience of ETF flows suggests long-term optimism among investors.   Saylor's pivot towards custodial solutions has reignited debates about Bitcoin’s core philosophy. However, the quantile model indicates a broad range for Bitcoin’s potential growth, with a peak price projection of $285,000 by 2025.   As Bitcoin consolidates near $67,000, investors will be watching for a move above $68,500 to maintain bullish momentum. For now, the continued inflows into Bitcoin ETFs reflect confidence in Bitcoin’s long-term value, even amid short-term corrections.   Read more: Stripe Acquires Bridge for $1.1B, Pump.fun Launches Advanced Terminal and More: Oct 22

Share
10/22/2024
Stripe Acquires Bridge for $1.1B, Pump.fun Launches Advanced Terminal and More: Oct 22

The crypto market remains in the greed territory today, with the Crypto Fear & Greed Index decreased from 72 to 70. Bitcoin (BTC) has shown some decreasing momentum, trading at $67,375 in the past 24 hours. Despite recent fluctuations, the overall market sentiment leans towards greed.    Quick Take  Stripe made a major move into the stablecoin sector by acquiring Bridge for $1.1 billion. Pump.fun, a memecoin platform on Solana, launched an advanced trading terminal and hinted at an upcoming token launch and airdrop.  Chainlink continues to innovate by integrating AI and oracle technology, enabling near real-time access to corporate financial data on-chain.  Quick Market Updates  Prices (UTC+8 8:00): BTC: $67,375, -2.40%; ETH: $2,666, -2.93% 24-hour Long/Short: 48.5%/51.5% Yesterday’s Fear and Greed Index: 70 (72 24 hours ago), level: Greed Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair    24H Change HOOK/USDT      -4.21% KLAUS/USDT      -9.82% DEEP/USDT  -14.41%   Trade now on KuCoin   Stripe Buys Stablecoin Platform Bridge for $1.1 Billion Stripe has acquired Bridge, a stablecoin platform, for $1.1 billion, more than five times Bridge's $200 million valuation. This deal is a strategic move for Stripe to enter the stablecoin market and enhance global money movement.   Bridge provides infrastructure for issuing and transferring tokenized money on various blockchains, serving clients like SpaceX, Coinbase, and Stellar. Stripe processed over $1 trillion in payments in 2023 and now aims to leverage stablecoins to make transactions faster, cheaper, and more efficiently, focusing on solving real-world financial problems.   Bridge shares Stripe’s belief that stablecoins can play a crucial role in transforming finance. The acquisition will accelerate their shared vision of creating a more efficient financial system with stablecoins at the center. Stripe plans to expand stablecoin adoption to make transactions easier across borders, improving the user experience for moving, storing, and spending money.   The timing is significant, with stablecoins gaining traction. According to a16z’s "State of Crypto 2024" report, stablecoins processed $8.5 trillion in Q2, surpassing Visa’s $3.9 trillion. This shows growing mainstream interest, with companies like Revolut and Visa exploring stablecoin use. Stripe’s acquisition of Bridge positions it to be a leader in this evolving financial landscape.   Read more: USDT vs. USDC: Differences and Similarities to Know in 2024   Pump.fun Launches Advanced Trading Terminal and Teases Token Airdrop Pump.fun, a Solana-based memecoin platform, has launched its latest trading tool—Pump Advanced. This new terminal aims to rival established platforms like Photon and Bull X. It includes features like mini charts, top holder stats, and social activity metrics, all in one interface. To attract new users, Pump.fun is offering 0% fees for the first month and secure logins through email with Privy, a non-custodial wallet solution.   During the launch event, co-founder Sapijiju hinted at the upcoming launch of a Pump.fun token and a possible airdrop, though no official timeline has been set. He indicated that the airdrop could be "a lot more lucrative" compared to others in the industry, sparking excitement among users. It’s expected that the token will launch on Solana, keeping in line with the platform’s current ecosystem.   Pump.fun has seen tremendous success since its January launch. It has generated over $140 million in fees and facilitated the creation of more than 2.5 million Solana-based tokens. The platform’s appeal lies in its simplicity, allowing users to easily create and launch tokens—contributing to popular meme coin trends like celebrity tokens and viral livestream stunts.   In the past week, Pump.fun reached a new high, with 31,600 new tokens created in a day, and its trading volume topped $1.1 billion. With the launch of Pump Advanced and its growing popularity, Pump.fun is strengthening its position as a major platform for meme coin enthusiasts, even as competition heats up on other networks. The introduction of its own token and airdrop could further boost its reputation and drive user engagement.   Chainlink Leverages AI and Oracles to Bring Real-Time Corporate Data Onchain Chainlink is tapping into artificial intelligence and decentralized oracles to revolutionize the availability of real-time corporate action data on the blockchain. Announced on Oct. 21, Chainlink's pilot project seeks to tackle inefficiencies in data surrounding mergers, dividends, and stock splits—information often stored in fragmented and unstructured formats like PDFs and press releases. By combining oracles and large language AI models, Chainlink converts off-chain data into a standardized digital format that is accessible in near real-time.   Source: Chainlink   The pilot is supported by major financial institutions like Franklin Templeton, Swift, UBS, and blockchain networks including Avalanche and zkSync. The use of AI and Chainlink oracles aims to reduce costs and manual processes, enhancing efficiency in managing corporate actions that cost financial institutions up to $5 million annually.   Mark Garabedian, director of digital assets at Wellington Management, emphasized how this system could dramatically cut manual work and bring cost savings. Decentralized oracles connect blockchains to the broader financial world, and Chainlink has been exploring how they can support institutional finance. Recent partnerships, such as with Taurus for institutional tokenization, aim to improve cross-chain mobility, transparency, and security.   Chainlink is positioning itself at the center of blockchain adoption within the traditional finance sector, driving innovation by integrating secure and verified data flows from the external financial ecosystem into the blockchain world.   Read More: 94% of Asian Private Wealth Considers Crypto Investing, Vitalik Buterin's Vision for “The Surge”, FBI Arrests SEC’s X Hacker: Oct 18   Conclusion Today highlights some transformative moves in the crypto sector. Stripe’s acquisition of Bridge signals its intent to lead the stablecoin revolution, Pump.fun's advancements push its presence further in the memecoin market, and Chainlink’s use of AI and oracles is setting the stage for bridging traditional finance and blockchain. As mainstream interest grows and more players innovate, the cryptocurrency landscape continues to evolve at an exciting pace. Keep an eye on these developments as they may reshape the industry's future.

Share
10/22/2024
Hamster Kombat Mini Game Puzzle Solution, October 22, 2024

Hello, Hamster Kombat CEO! Did you withdraw your $HMSTR yesterday and trade it for profit? $HMSTR was finally launched on CEXs, including KuCoin, on September 26 after months of hype. $HMSTR is now trading at $0.003782 at the time of writing.   Now the game is in its Interlude Season, and your efforts in solving daily challenges to maintain your edge as a Hamster Kombat player will pay off. Hamster Kombat’s mini-game puzzle offers a chance to earn valuable golden keys, with the mining phase ending on September 20, 2024.    Quick Take Solve today's Hamster Kombat mini-game puzzle and claim your daily golden key for the day. The $HMSTR token airdrop and TGE event took place on September 26, 2024. $HMSTR  token was listed on top centralized exchanges, including KuCoin, on the same day.  Boost your earnings with the new Hexa Puzzle mini-game and exploring Playground games In this article, we provide the latest puzzle solutions and tips on how to secure your golden key, along with insights into the new Playground feature, which can boost your airdrop rewards.   Read More: What Is Hamster Kombat Hexa Puzzle Mini Game and How to Play?    Hamster Mini Game Puzzle Solution, October 22, 2024 The Hamster mini-game sliding puzzle mimics the fluctuations of a crypto price chart’s red and green candlestick indicators. Here’s how to solve it:     Analyze the Layout: Examine the puzzle to spot the obstacles. Move Strategically: Focus on clearing the candles that block your path. Quick Swipes: Speed is crucial! Make sure your moves are fast and accurate to beat the timer. Monitor the Clock: Keep an eye on the countdown to avoid running out of time. Don’t worry if you fail! You can retry after a short 5-minute cooldown.   Hamster Kombat ($HMSTR) is launched on KuCoin for spot and futures trading. You can deposit $HMSTR with 0 gas fees and start trading the token now!   Hamster Kombat’s New Hexa Puzzle Mini-Game to Mine Diamonds In addition to the sliding puzzle, Hamster Kombat has introduced the Hexa Puzzle, a match-based game that allows you to stack tiles on a hexagonal grid and continuously earn Hamster diamonds. It’s a fantastic way to accumulate diamonds ahead of the token launch, with no restrictions.   Earn More Diamonds From Games in the Playground The Playground feature offers opportunities to earn valuable diamonds by engaging with partner games. Each game provides up to four diamonds. Here’s how to participate:   Select a Game: Choose from 17 available games, including Train Miner, Coin Masters, and Merge Away. Complete Tasks: Play and complete tasks to grab diamonds. Redeem in Hamster Kombat: Enter your key code in Hamster Kombat to boost your earnings in the game. These games are simple, free-to-play, and enhance your earning potential for the upcoming $HMSTR airdrop.   Hamster Kombat TGE and Airdrop is Here  The highly anticipated $HMSTR token airdrop finally took place yesterday, on September 26, 2024. Previously, the token was available for pre-market trading on platforms such as KuCoin. Yesterday, the token distribution occurred, and users have now received their tokens after months of waiting. Besides, players can now withdraw their tokens to selected CEXs including KuCoin from other TON-based wallets in Telegram.   As the airdrop event took place, The Open Network (TON) faced challenges due to a heavy network load caused by the large number of minted tokens generated on the platform.   Read more: Hamster Kombat Announces Token Airdrop and Launch on The Open Network for  Hamster Kombat Airdrop Task 1 Goes Live: How to Link Your TON Wallet Hamster Kombat Adds Airdrop Allocation Points Feature Ahead of HMSTR Airdrop As per the Hamster Kombat whitepaper, sixty percent of the total token supply will be distributed to eligible players, while the rest will go toward market liquidity and ecosystem growth, ensuring long-term sustainability.   Hamster Kombat Welcomes the Interlude Season before the Season 2 Starts  The conclusion of Hamster Kombat Season 1 doesn’t mark the end of the game, as players now enter the Interlude Season. This warm-up phase will last a few weeks before the launch of Season 2. During this period, players can focus on farming diamonds, which will provide advantages in the upcoming season. The more diamonds you collect, the greater the benefits in Season 2. The Interlude Season offers a valuable opportunity for players to prepare and get ahead before new challenges and rewards are introduced.   Read More: Hamster Kombat Welcomes the Interlude Season Before the Token Airdrop on    Conclusion Now that the $HMSTR token has officially launched and the TGE has occurred, you can still stay active in Hamster Kombat’s daily puzzles and Playground games. Continue collecting keys to enhance your rewards and take advantage of ongoing opportunities as you wait for Season 2 to kick off.   For more updates and details, bookmark this page and follow KuCoin News. Read more: How to Buy and Sell Hamster Kombat (HMSTR) Tokens: A Comprehensive Guide

Share
10/22/2024
Bitcoin Nears $70K as Futures Open Interest Hits $40.5B: What’s Next?

Bitcoin’s derivatives market reached a significant milestone on October 21, with open interest (OI) surpassing $40.5 billion, according to CoinGlass. This surge came as Bitcoin flirted with the $70,000 mark, briefly reaching $69,380. OI refers to the total value of outstanding futures contracts that remain active, serving as an indicator of leverage in the market.   Quick Take Bitcoin derivatives surpassed $40.5 billion on October 21, signaling high leverage. The Chicago Mercantile Exchange (CME) accounts for 30.7% of total Bitcoin futures open interest. Bitcoin briefly touched $69,468 before retreating to $69,033.Ether and Solana outperformed Bitcoin in daily gains, rising by 3.5% and 6%, respectively. Bitcoin's Open Interest Hits 30.7% on CME Futures Exchange BTC Futures Open Interest | Source: CoinGlass    CME led the market with 30.7% of total OI, followed by Binance and Bybit at 20.4% and 15%, respectively.   High open interest indicates elevated leverage, which introduces volatility risks. If the market experiences sharp movements, liquidations could cascade, forcing traders to sell and driving prices down quickly.   A similar event occurred in August when Bitcoin lost nearly 20%, or $12,000, within 48 hours, dropping below $50,000. Traders are now cautious, as another sudden move could repeat this scenario.   Bitcoin Faces Strong Resistance at $70,000 BTC/USDT price chart | Source: KuCoin    Despite coming close to $70,000, Bitcoin faced resistance and pulled back slightly to $69,033. As of the time of writing, it trades just 6.4% below its all-time high of $73,738. Analysts suggest that breaking above this resistance level could trigger further bullish momentum.   Altcoins Also Gain Momentum: ETH Crosses $2,700, SOL Touches $170 ETH, SOL price charts | Source: TradingView   Bitcoin’s rally has also spurred growth in altcoins. Ether (ETH) rose by 3.5%, surpassing $2,750, while Solana (SOL) increased by 6%, reaching the key $170 mark. However, both assets saw slight pullbacks during trading hours.   Read more: Altcoin Season’s Here? AI Coins Surge, Worldcoin Leads Gains   Why Is Bitcoin Price Up Today?  Bitcoin’s recent price surge, nearing $70,000, is driven by favorable macroeconomic trends, institutional demand, and reduced supply. Central banks, including the Federal Reserve and ECB, are shifting toward relaxed monetary policies, with some already cutting interest rates. This has fueled investor appetite for higher-return assets like Bitcoin. Additionally, this year’s Bitcoin halving cut miner rewards in half, tightening supply and adding upward pressure on prices. Whale accumulation, mirroring pre-bull run patterns, further reflects growing investor confidence in Bitcoin's long-term value.   Institutional interest is also playing a pivotal role, with Bitcoin ETFs recording over $20 billion in inflows this year—outpacing gold ETFs, which took five years to reach similar levels. Market analysts believe this trend marks a new phase for Bitcoin’s mainstream adoption. Upcoming U.S. elections, continued bipartisan deficit spending, and China’s recent economic stimulus measures are also driving optimism across global markets. With these factors aligned, some experts, including Matt Hougan from Bitwise, predict Bitcoin is on track to hit $100,000 in the near future.   There is also some optimism in the crypto market owing to rising odds of Trump’s victory in the upcoming US Presidential elections. According to latest data on Polymarket, the odds of a Trump and Republican victory has spiked to 61% against Kamala Harris whose odds have dropped to 38%. With Trump being seen as pro-crypto, these odds have helped boost the mood among crypto traders.    What’s Next for Bitcoin Price? Market watchers expect Bitcoin to make another attempt at $70,000. Some analysts believe that breaking through this psychological barrier could “supercharge” the altcoin market, with assets like Ether and Solana benefiting from renewed investor confidence.   Bitcoin’s rising price and OI levels suggest that both retail and institutional investors are optimistic about further gains. However, traders should remain cautious, as sudden liquidations could disrupt the market, especially with the next major resistance level looming around $70,000.   Final Thoughts Bitcoin’s journey toward $70,000 is attracting significant attention, with futures markets reflecting heightened leverage. While optimism remains, traders need to stay vigilant for potential market shocks. If Bitcoin clears the resistance, the path to new highs may open — but with volatility expected along the way, the market’s next move will be crucial.   Read more: 94% of Asian Private Wealth Considers Crypto Investing, Vitalik Buterin's Vision for “The Surge”, FBI Arrests SEC’s X Hacker: Oct 18

Share
10/21/2024
Yuga Labs Unveils ApeChain, Solana Eyes $180 Target, Tether's USDT Hits $120B Market Cap: Oct 21

October 21st brings major updates in the crypto market. Yuga Labs launched ApeChain, boosting the Bored Ape ecosystem with new cross-chain tools. Meanwhile, Solana targets $180 as memecoin demand drives network activity. Bitcoin has surged past $69,000, sparking fresh optimism. Tether’s USDT also hit a record $120 billion market cap, hinting at growing investor interest. Let’s dive into these highlights and see what’s fueling the market momentum.   The crypto market remains in the greed territory today, with the Crypto Fear & Greed Index increasing from 73 to 72. Bitcoin (BTC) has shown some positive momentum, trading above $69,000 in the past 24 hours. Despite recent fluctuations, the overall market sentiment leans towards greed.    Quick Market Updates  Prices (UTC+8 8:00): BTC: $69,034, +0.96%; ETH: $2,747, +3.74% 24-hour Long/Short: 51.5%/48.5% Yesterday’s Fear and Greed Index: 72 (73 24 hours ago), level: Greed Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair    24H Change KCS/USDT      +2.75% KLAUS/USDT      +17.72% DEEP/USDT  +52.40%   Trade now on KuCoin   Quick Take on the Highlights in the Crypto Space for Oct. 21 BlackRock ETF Head: 80% of Bitcoin trading product buyers are direct investors USDT Market Cap exceeded $120 billion, a record high Vitalik Buterin discussed risks and key goals facing Ethereum, believes one of the biggest risks to Ethereum L1 is the centralization of proof of stake due to economic pressure Stripe has acquired stablecoin platform Bridge for $1.1 billion Read More: 94% of Asian Private Wealth Considers Crypto Investing, Vitalik Buterin's Vision for “The Surge”, FBI Arrests SEC’s X Hacker: Oct 18   Yuga Labs Unveils ApeChain: A New Ethereum Layer 2 for the Bored Ape Ecosystem Yuga Labs, the company behind Bored Ape Yacht Club, has officially launched ApeChain, an Ethereum-based Layer 2 blockchain. They’ve also introduced the ApeChain bridge and Swap portal, enabling smooth cross-chain transactions. This move is part of Yuga’s push to future-proof its ecosystem. Partnering with Wire Network, a Layer 1 blockchain built for the AI agent economy, Yuga aims to use AI agents to boost engagement between creators and their fans.   Wire Network’s CEO, Ken DiCross, emphasized the potential for advanced AI interactions through this partnership, combining scalable blockchain with Yuga's cultural impact:   Ken DiCross, CEO of Wire Network, stated:   “…By combining our scalable, next-generation blockchain infrastructure with Yuga’s creativity and cultural influence, we are opening up new possibilities for AI agent interactions.”   ~Ken DiCross   APE/USDT price chart | Source: KuCoin    Yuga also launched Top Trader, the first native product on ApeChain. This on-chain trading simulation allows users to trade with leverage up to 1,000 times without financial risk. Features include the Ape Portal for cross-chain payments and Yuga ID for simple account management. Transaction gas sponsorship and the Restart Protocol for managing tournament rewards also enhance the user experience.   ApeChain was built using the Arbitrum Orbit toolkit, focusing on improving security and scalability. ApeCoin DAO had initially considered building an independent blockchain but ultimately opted for a Layer 2 solution connected to Ethereum after extensive community discussion. This decision helps align ApeCoin with a more robust and scalable blockchain infrastructure.   Solana Eyes $180 Target as Memecoin Frenzy Fuels Bullish Momentum SOL/USDT price chart | Source: KuCoin    Solana (SOL) has seen impressive gains recently, trading around $154.59 after hitting a high of $156.43. The crypto market is on a positive trend, with Bitcoin above $68,000 and other altcoins like Ethereum and XRP also rising. Global market cap has climbed to $2.35 trillion, up 0.8%.   A surge in memecoin demand has boosted Solana’s network activity and total value locked (TVL). This could push SOL to the $180 mark if momentum continues, supported by strong trading volumes and network growth.   Read more: Top Solana Memecoins to Watch in 2024   From October 11 to October 18, SOL rose by 12.1%, partly driven by rising memecoin interest. The hype, such as a viral push for Goatseus Maximus (GOAT), helped Solana’s TVL hit a two-year high of 41 million SOL. Solana also led decentralized exchange volumes, growing by 43% to reach $11.16 billion, outpacing Ethereum’s layer-2 solutions.   On the 4-hour chart, Solana rebounded from the 50% Fibonacci retracement level around $147.51, setting up further gains. It surpassed the 23.6% Fibonacci level at $153.88, which now serves as a key support. If SOL breaks above $158.33, it could target the next resistance at $165, paving the way for a broader rally toward $180.   Technical indicators back this bullish outlook. The 50-period EMA at $151.33 provides solid support, while the RSI stands at 55, showing steady buying interest. If Solana maintains current support and breaks past resistance, it could continue its upward movement toward new highs.   Source: TradingView   BTC Hits $69K Amid Big Market Moves: Here’s How Markets Are Moving BTC/USDT price chart | Source: KuCoin   On Sunday, Bitcoin surged past $69,000, hitting a high of $69,363. It marked a 9.3% gain for the week, bringing its year-to-date growth to 63% and a 132% increase over the past year. The crypto market saw $71.3 billion in trading volume, with Bitcoin contributing $15.25 billion.   This time, Bitcoin climbed steadily back to $69,000, resulting in only $117.7 million in liquidations across derivatives markets. The last time Bitcoin reached these levels was in late July 2024, but it then tumbled to $49,577 in early August. This time, the climb was more gradual, leading to just $117.7 million in liquidations across the crypto derivatives market. Interestingly, BTC had fewer liquidations compared to ApeCoin (APE) and Ethereum (ETH), which saw bigger wipeouts over the past day.   Bitcoin’s rise shows renewed confidence after months of uncertainty. The lower liquidation figure suggests traders are handling leverage more cautiously. Ethereum and other altcoins faced more turbulence, showing a varied market reaction. As always, volatility remains a factor, and the key question is whether Bitcoin can maintain its momentum or if we will see a correction like in August.   Read More: Trump’s Crypto Platform Raising Only $12 Million (WLFI), Stripe in Talks to Acquire Bridge: Oct 17   Tether's USDT Hits $120B Market Cap: Is 'Uptober' About to Fuel a Bitcoin and Ether Comeback? Tether’s USDT stablecoin reached a record $120 billion market cap, signaling a potential shift in the crypto market on October 20th. This growing supply could provide the liquidity needed to fuel rallies for Bitcoin and Ethereum, potentially ending their seven-month downtrend. With October historically being a positive month for crypto, the increase in USDT could support the “Uptober” narrative, suggesting incoming buying pressure. Recent USDT flows to major exchanges like KuCoin hint at renewed investor interest, possibly driving the next bullish phase for Bitcoin and Ether.   Tether Tokens in circulation. Source: Tether.to   This milestone signals potential investor interest in upcoming crypto investments, as stablecoins are often used to enter the market. Historically, a growing USDT supply has been linked to Bitcoin rallies. In August, Tether minted $1.3 billion in USDT, which helped Bitcoin recover over 21% from a recent low. Data from Arkham Intelligence shows recent significant USDT flows into major exchanges like KuCoin, suggesting increased buying pressure that could fuel a Bitcoin rally this October.   Conversely, a lack of stablecoin inflows can signal a market correction. On August 12, Bitcoin dropped below the $60,000 level, staging a nearly 4% correction as institutional buying of USDT temporarily paused. This highlights the important role stablecoin inflows play in maintaining bullish momentum in the crypto market. When stablecoin liquidity stops flowing in, buying pressure weakens, which can lead to price drops. Monitoring USDT movements can provide insights into upcoming shifts in market sentiment, especially during volatile periods.   Tether treasury outflows. Source: Arkham Intelligence   Read more: USDT vs. USDC: Differences and Similarities to Know in 2024   Conclusion From ApeChain's launch to Bitcoin breaking $69,000, the crypto space is buzzing with action. Solana’s price rally and Tether’s record market cap signal renewed confidence and investor enthusiasm. As October progresses, "Uptober" is living up to its name. Investors are eager to see if these gains will continue or face resistance. Stay tuned to KuCoin for more as the crypto market unfolds.

Share
10/21/2024
Hamster Kombat Mini Game Puzzle Solution, October 21, 2024

Hello, Hamster Kombat CEO! Did you withdraw your $HMSTR yesterday and trade it for profit? $HMSTR was finally launched on CEXs, including KuCoin, on September 26 after months of hype. $HMSTR is now trading at $0.003980 at the time of writing.   Now the game is in its Interlude Season, and your efforts in solving daily challenges to maintain your edge as a Hamster Kombat player will pay off. Hamster Kombat’s mini-game puzzle offers a chance to earn valuable golden keys, with the mining phase ending on September 20, 2024.    Quick Take Solve today's Hamster Kombat mini-game puzzle and claim your daily golden key for the day. The $HMSTR token airdrop and TGE event took place on September 26, 2024. $HMSTR token was listed on top centralized exchanges, including KuCoin, on the same day.  Boost your earnings with the new Hexa Puzzle mini-game and exploring Playground games In this article, we provide the latest puzzle solutions and tips on how to secure your golden key, along with insights into the new Playground feature, which can boost your airdrop rewards.   Read More: What Is Hamster Kombat Hexa Puzzle Mini Game and How to Play?   Hamster Mini Game Puzzle Solution, October 21, 2024 The Hamster mini-game sliding puzzle mimics the fluctuations of a crypto price chart’s red and green candlestick indicators. Here’s how to solve it:     Analyze the Layout: Examine the puzzle to spot the obstacles. Move Strategically: Focus on clearing the candles that block your path. Quick Swipes: Speed is crucial! Make sure your moves are fast and accurate to beat the timer. Monitor the Clock: Keep an eye on the countdown to avoid running out of time. Don’t worry if you fail! You can retry after a short 5-minute cooldown. Hamster Kombat ($HMSTR) is launched on KuCoin for spot and futures trading. You can deposit $HMSTR with 0 gas fees and start trading the token now!     Hamster Kombat’s New Hexa Puzzle Mini-Game to Mine Diamonds In addition to the sliding puzzle, Hamster Kombat has introduced the Hexa Puzzle, a match-based game that allows you to stack tiles on a hexagonal grid and continuously earn Hamster diamonds. It’s a fantastic way to accumulate diamonds ahead of the token launch, with no restrictions.   Earn More Diamonds From Games in the Playground The Playground feature offers opportunities to earn valuable diamonds by engaging with partner games. Each game provides up to four diamonds. Here’s how to participate: Select a Game: Choose from 17 available games, including Train Miner, Coin Masters, and Merge Away. Complete Tasks: Play and complete tasks to grab diamonds. Redeem in Hamster Kombat: Enter your key code in Hamster Kombat to boost your earnings in the game. These games are simple, free-to-play, and enhance your earning potential for the upcoming $HMSTR airdrop.   Hamster Kombat TGE and Airdrop is Here  The highly anticipated $HMSTR token airdrop finally took place yesterday, on September 26, 2024. Previously, the token was available for pre-market trading on platforms such as KuCoin. Yesterday, the token distribution occurred, and users have now received their tokens after months of waiting. Besides, players can now withdraw their tokens to selected CEXs including KuCoin from other TON-based wallets in Telegram.   As the airdrop event took place, The Open Network (TON) faced challenges due to a heavy network load caused by the large number of minted tokens generated on the platform.   Read more: Hamster Kombat Announces Token Airdrop and Launch on The Open Network for  Hamster Kombat Airdrop Task 1 Goes Live: How to Link Your TON Wallet Hamster Kombat Adds Airdrop Allocation Points Feature Ahead of HMSTR Airdrop   As per the Hamster Kombat whitepaper, sixty percent of the total token supply will be distributed to eligible players, while the rest will go toward market liquidity and ecosystem growth, ensuring long-term sustainability.   Hamster Kombat Welcomes the Interlude Season before the Season 2 Starts  The conclusion of Hamster Kombat Season 1 doesn’t mark the end of the game, as players now enter the Interlude Season. This warm-up phase will last a few weeks before the launch of Season 2. During this period, players can focus on farming diamonds, which will provide advantages in the upcoming season. The more diamonds you collect, the greater the benefits in Season 2. The Interlude Season offers a valuable opportunity for players to prepare and get ahead before new challenges and rewards are introduced.   Read More: Hamster Kombat Welcomes the Interlude Season Before the Token Airdrop on    Conclusion Now that the $HMSTR token has officially launched and the TGE has occurred, you can still stay active in Hamster Kombat’s daily puzzles and Playground games. Continue collecting keys to enhance your rewards and take advantage of ongoing opportunities as you wait for Season 2 to kick off.   For more updates and details, bookmark this page and follow KuCoin News.   Read more: How to Buy and Sell Hamster Kombat (HMSTR) Tokens: A Comprehensive Guide

Share
10/21/2024
Hamster Kombat Mini Game Puzzle Solution, October 20, 2024

Hello, Hamster Kombat CEO! Did you withdraw your $HMSTR yesterday and trade it for profit? $HMSTR was finally launched on CEXs, including KuCoin, on September 26 after months of hype. $HMSTR is now trading at $0.003849 at the time of writing.   Now the game is in its Interlude Season, and your efforts in solving daily challenges to maintain your edge as a Hamster Kombat player will pay off. Hamster Kombat’s mini-game puzzle offers a chance to earn valuable golden keys, with the mining phase ending on September 20, 2024.    Quick Take Solve today's Hamster Kombat mini-game puzzle and claim your daily golden key for the day. The $HMSTR token airdrop and TGE event took place on September 26, 2024. $HMSTR token was listed on top centralized exchanges, including KuCoin, on the same day.  Boost your earnings with the new Hexa Puzzle mini-game and exploring Playground games In this article, we provide the latest puzzle solutions and tips on how to secure your golden key, along with insights into the new Playground feature, which can boost your airdrop rewards.   Read More: What Is Hamster Kombat Hexa Puzzle Mini Game and How to Play?   Hamster Mini Game Puzzle Solution, October 20, 2024 The Hamster mini-game sliding puzzle mimics the fluctuations of a crypto price chart’s red and green candlestick indicators. Here’s how to solve it:     Analyze the Layout: Examine the puzzle to spot the obstacles. Move Strategically: Focus on clearing the candles that block your path. Quick Swipes: Speed is crucial! Make sure your moves are fast and accurate to beat the timer. Monitor the Clock: Keep an eye on the countdown to avoid running out of time. Don’t worry if you fail! You can retry after a short 5-minute cooldown.   Hamster Kombat ($HMSTR) is launched on KuCoin for spot and futures trading. You can deposit $HMSTR with 0 gas fees and start trading the token now!     Hamster Kombat’s New Hexa Puzzle Mini-Game to Mine Diamonds In addition to the sliding puzzle, Hamster Kombat has introduced the Hexa Puzzle, a match-based game that allows you to stack tiles on a hexagonal grid and continuously earn Hamster diamonds. It’s a fantastic way to accumulate diamonds ahead of the token launch, with no restrictions.   Earn More Diamonds From Games in the Playground The Playground feature offers opportunities to earn valuable diamonds by engaging with partner games. Each game provides up to four diamonds. Here’s how to participate: Select a Game: Choose from 17 available games, including Train Miner, Coin Masters, and Merge Away. Complete Tasks: Play and complete tasks to grab diamonds. Redeem in Hamster Kombat: Enter your key code in Hamster Kombat to boost your earnings in the game. These games are simple, free-to-play, and enhance your earning potential for the upcoming $HMSTR airdrop.   Hamster Kombat TGE and Airdrop is Here  The highly anticipated $HMSTR token airdrop finally took place yesterday, on September 26, 2024. Previously, the token was available for pre-market trading on platforms such as KuCoin. Yesterday, the token distribution occurred, and users have now received their tokens after months of waiting. Besides, players can now withdraw their tokens to selected CEXs including KuCoin from other TON-based wallets in Telegram.   As the airdrop event took place, The Open Network (TON) faced challenges due to a heavy network load caused by the large number of minted tokens generated on the platform.   Read more: Hamster Kombat Announces Token Airdrop and Launch on The Open Network for  Hamster Kombat Airdrop Task 1 Goes Live: How to Link Your TON Wallet Hamster Kombat Adds Airdrop Allocation Points Feature Ahead of HMSTR Airdrop   As per the Hamster Kombat whitepaper, sixty percent of the total token supply will be distributed to eligible players, while the rest will go toward market liquidity and ecosystem growth, ensuring long-term sustainability.   Hamster Kombat Welcomes the Interlude Season before the Season 2 Starts  The conclusion of Hamster Kombat Season 1 doesn’t mark the end of the game, as players now enter the Interlude Season. This warm-up phase will last a few weeks before the launch of Season 2. During this period, players can focus on farming diamonds, which will provide advantages in the upcoming season. The more diamonds you collect, the greater the benefits in Season 2. The Interlude Season offers a valuable opportunity for players to prepare and get ahead before new challenges and rewards are introduced.   Read More: Hamster Kombat Welcomes the Interlude Season Before the Token Airdrop on    Conclusion Now that the $HMSTR token has officially launched and the TGE has occurred, you can still stay active in Hamster Kombat’s daily puzzles and Playground games. Continue collecting keys to enhance your rewards and take advantage of ongoing opportunities as you wait for Season 2 to kick off.   For more updates and details, bookmark this page and follow KuCoin News.   Read more: How to Buy and Sell Hamster Kombat (HMSTR) Tokens: A Comprehensive Guide

Share
10/20/2024
Hamster Kombat Mini Game Puzzle Solution, October 19, 2024

Hello, Hamster Kombat CEO! Did you withdraw your $HMSTR yesterday and trade it for profit? $HMSTR was finally launched on CEXs, including KuCoin, on September 26 after months of hype. $HMSTR is now trading at $0.003916 at the time of writing.   Now the game is in its Interlude Season, and your efforts in solving daily challenges to maintain your edge as a Hamster Kombat player will pay off. Hamster Kombat’s mini-game puzzle offers a chance to earn valuable golden keys, with the mining phase ending on September 20, 2024.    Quick Take Solve today's Hamster Kombat mini-game puzzle and claim your daily golden key for the day. The $HMSTR token airdrop and TGE event took place on September 26, 2024. $HMSTR token was listed on top centralized exchanges, including KuCoin, on the same day.  Boost your earnings with the new Hexa Puzzle mini-game and exploring Playground games In this article, we provide the latest puzzle solutions and tips on how to secure your golden key, along with insights into the new Playground feature, which can boost your airdrop rewards.   Read More: What Is Hamster Kombat Hexa Puzzle Mini Game and How to Play?   Hamster Mini Game Puzzle Solution, October 19, 2024 The Hamster mini-game sliding puzzle mimics the fluctuations of a crypto price chart’s red and green candlestick indicators. Here’s how to solve it:     Analyze the Layout: Examine the puzzle to spot the obstacles. Move Strategically: Focus on clearing the candles that block your path. Quick Swipes: Speed is crucial! Make sure your moves are fast and accurate to beat the timer. Monitor the Clock: Keep an eye on the countdown to avoid running out of time. Don’t worry if you fail! You can retry after a short 5-minute cooldown.   Hamster Kombat ($HMSTR) is launched on KuCoin for spot and futures trading. You can deposit $HMSTR with 0 gas fees and start trading the token now!     Hamster Kombat’s New Hexa Puzzle Mini-Game to Mine Diamonds In addition to the sliding puzzle, Hamster Kombat has introduced the Hexa Puzzle, a match-based game that allows you to stack tiles on a hexagonal grid and continuously earn Hamster diamonds. It’s a fantastic way to accumulate diamonds ahead of the token launch, with no restrictions.   Earn More Diamonds From Games in the Playground The Playground feature offers opportunities to earn valuable diamonds by engaging with partner games. Each game provides up to four diamonds. Here’s how to participate: Select a Game: Choose from 17 available games, including Train Miner, Coin Masters, and Merge Away. Complete Tasks: Play and complete tasks to grab diamonds. Redeem in Hamster Kombat: Enter your key code in Hamster Kombat to boost your earnings in the game. These games are simple, free-to-play, and enhance your earning potential for the upcoming $HMSTR airdrop.   Hamster Kombat TGE and Airdrop is Here  The highly anticipated $HMSTR token airdrop finally took place yesterday, on September 26, 2024. Previously, the token was available for pre-market trading on platforms such as KuCoin. Yesterday, the token distribution occurred, and users have now received their tokens after months of waiting. Besides, players can now withdraw their tokens to selected CEXs including KuCoin from other TON-based wallets in Telegram.   As the airdrop event took place, The Open Network (TON) faced challenges due to a heavy network load caused by the large number of minted tokens generated on the platform.   Read more: Hamster Kombat Announces Token Airdrop and Launch on The Open Network for  Hamster Kombat Airdrop Task 1 Goes Live: How to Link Your TON Wallet Hamster Kombat Adds Airdrop Allocation Points Feature Ahead of HMSTR Airdrop   As per the Hamster Kombat whitepaper, sixty percent of the total token supply will be distributed to eligible players, while the rest will go toward market liquidity and ecosystem growth, ensuring long-term sustainability.   Hamster Kombat Welcomes the Interlude Season before the Season 2 Starts  The conclusion of Hamster Kombat Season 1 doesn’t mark the end of the game, as players now enter the Interlude Season. This warm-up phase will last a few weeks before the launch of Season 2. During this period, players can focus on farming diamonds, which will provide advantages in the upcoming season. The more diamonds you collect, the greater the benefits in Season 2. The Interlude Season offers a valuable opportunity for players to prepare and get ahead before new challenges and rewards are introduced.   Read More: Hamster Kombat Welcomes the Interlude Season Before the Token Airdrop on    Conclusion Now that the $HMSTR token has officially launched and the TGE has occurred, you can still stay active in Hamster Kombat’s daily puzzles and Playground games. Continue collecting keys to enhance your rewards and take advantage of ongoing opportunities as you wait for Season 2 to kick off.   For more updates and details, bookmark this page and follow KuCoin News.   Read more: How to Buy and Sell Hamster Kombat (HMSTR) Tokens: A Comprehensive Guide

Share
10/19/2024
Tron’s Memecoin Craze on SunPump Sets Revenue Records of Over $150M in Q3

Tron achieved record-breaking revenue in Q3, driven by a surge in activity from its memecoin launchpad, SunPump. According to Messari, the blockchain generated $151.2 million, marking a 30% increase from the previous quarter.   Quick Take Tron’s SunPump launchpad generated 27% of its Q3 revenue, with over 89,000 tokens launching in two weeks. SunDog memecoin achieved a $217 million market cap. TRX remained deflationary with a net burn of 587.6 million tokens. Tron’s total value locked (TVL) slipped to $6.98 billion but still shows long-term potential. The memecoin frenzy on SunPump led to the launch of 89,000 tokens between August 12 and September 30. The platform generated significant fees during this period, contributing 27% of Tron’s quarterly revenue.   SunPump token launches and transactions | Source: Dune Analytics    SunDog Emerges as Top Memecoin in Tron Ecosystem  SunPump also birthed successful tokens like SunDog (SUNDOG), which now boasts a $217 million market cap. Other memecoins, such as Tron Bull (TBULL) and Invest Zone (IVFUN), gained high trading volumes, further boosting Tron’s on-chain activity.   Read more: Top TRON Memecoins to Watch in 2024 Following SunPump's Launch   Record TRX Burn and Deflationary Boost Drives $42M Revenue Source: Messari    Tron burned 270 million TRX between August 16 and 31, creating a $42 million revenue boost. August 21 saw the highest single-day TRX burn in the blockchain's history, demonstrating growing user activity.   TRX maintained its deflationary trend by the end of Q3, with a net burn of 587.6 million tokens. This scarcity mechanism supported Tron’s tokenomics, increasing long-term value.   Tron Network’s TVL Dips Under $7B, but Positive Market Trends Continue Tron’s TVL | Source: DefiLlama   While Tron’s total value locked (TVL) in DeFi fell to $6.98 billion from a peak of $8.1 billion, it remains a major player in decentralized finance. Tron also increased its circulating market cap by 24%, reaching $13.5 billion in Q3.   The platform’s average daily transactions rose 14.4% to 7.2 million, reflecting continued interest and adoption. Daily active addresses also grew by 6%, hitting 2.1 million users.   Tron Dominates USDT Transfers Worth $59B USDT dominates in Tron blockchain | Source: DefiLlama    Tron has solidified its position as a leader in stablecoin transfers, holding nearly $59 billion worth of Tether (USDT) on its network. The blockchain’s ability to offer low fees and fast transactions makes it attractive to stablecoin users.   With increasing memecoin and DeFi activity, Tron is steadily gaining market share from rivals like Solana. The combination of new use cases, including the SunPump launchpad, enhances Tron’s long-term outlook.   Read more: USDT vs. USDC: Differences and Similarities to Know in 2024   TRX Faces Key Resistance at $0.1635: Will It Rally? TRX/USDT price | Source: KuCoin    TRX price movements reflect bullish pressure, currently trading near the $0.16 mark. However, it faces resistance at $0.1635. If TRX can break this level, the potential for a new all-time high increases significantly.   Despite declining memecoin activity in October, SunPump's impact has set the stage for TRX’s next rally. A short squeeze could add to this momentum, especially as 57.5% of traders currently hold short positions, according to CoinGlass.   Outlook for Tron: Memecoins and Beyond While SunPump’s initial hype has cooled, the groundwork laid in Q3 positions Tron for future growth. The deflationary nature of TRX, rising on-chain activity, and its dominance in USDT transfers make Tron a network to watch closely.   If social sentiment shifts and memecoin interest reignites, TRX could see renewed bullish momentum. For now, traders are keeping a close eye on the $0.17 resistance level, which could unlock the next phase of Tron’s rally.   Read more: Top TRON Ecosystem Projects to Watch in 2024

Share
10/18/2024
Ethereum’s Pectra Fork Introduces Dynamic Blob Fees for Better Scaling

Ethereum developers are gearing up to launch the Pectra fork, a crucial update designed to enhance Layer 2 scaling and network performance. Central to this upgrade is EIP-7742, which aims to optimize blob-carrying transactions by setting dynamic gas targets. These improvements will unlock cheaper transactions and better scalability for Ethereum’s expanding ecosystem.   Quick Take  EIP-7742, a new Ethereum Improvement Proposal (EIP), enables dynamic gas targeting for blob-carrying transactions. It allows the consensus layer to set flexible gas limits, improving the efficiency of Layer 2 transactions. Ethereum’s co-founder, Vitalik Buterin, envisions 100,000 transactions per second (TPS) by combining Layer 2 scaling solutions with Ethereum’s rollup-centric roadmap. Layer 2 networks are becoming dominant, with recent revenue reports showing a 10:90 split between Ethereum’s mainnet and its Layer 2s. This shift has raised concerns about Ethereum’s future revenue streams. In addition to EIP-7742, EIP-3074 will introduce social recovery mechanisms to safeguard users from lost private keys. New invoker contracts will allow users to delegate asset control and transaction fees. What Are Blobs, and Why Are They Important? Blobs, introduced through Ethereum’s Dencun upgrade in March 2024, are large, temporary chunks of data embedded in transactions. Their primary purpose is to make Layer 2 transactions more cost-efficient by offloading data storage from Ethereum’s main blockchain. Instead of permanently recording every transaction detail on Layer 1, blobs allow temporary storage of transaction data, reducing congestion and lowering fees. This approach supports Ethereum’s scaling strategy by enabling rollups and other Layer 2 solutions to process data off-chain while still securing transactions through the mainnet.   However, the current blob limit has become a bottleneck. The number of blobs that can be processed simultaneously is approaching its maximum capacity, threatening Ethereum’s ability to scale efficiently. Without an update, this limitation could stall network performance and drive up gas fees, undermining the benefits of Layer 2 scaling solutions.   To address this, Ethereum developers proposed EIP-7742, which introduces a new mechanism for managing blob gas targets. Under this proposal, the gas target and maximum limits for blobs will adjust dynamically based on network conditions. This flexibility prevents bottlenecks caused by rigid gas limits and ensures that Layer 2 transactions remain cost-effective, even as demand grows. By allowing the consensus layer to set these values dynamically, EIP-7742 paves the way for smoother network operation and future scalability improvements.   This update is a crucial step in Ethereum’s long-term roadmap, as it enhances the platform’s ability to accommodate higher transaction volumes while keeping fees low for Layer 2 users. With dynamic blob fees in place, Ethereum can support the growing ecosystem of decentralized applications and maintain its competitiveness as a scalable blockchain network.   Read more: Ethereum 2.0 Upgrade   Pectra Fork Timeline and New Features The Pectra fork is expected to roll out in late 2024 or early 2025. In addition to EIP-7742, it will include EIP-3074, which introduces social recovery for Ethereum wallets. This feature will allow users to delegate control of their wallets to an invoker contract, which can perform transactions on their behalf.   Another critical update involves reducing the maximum block size from 2.7MB to approximately 1MB, freeing up space for more blob transactions and aligning with Ethereum’s scalability goals.   Buterin’s Vision: Layer 2 as the Future of Ethereum Vitalik Buterin emphasizes a rollup-centric approach to Ethereum’s scaling, where Layer 1 acts as a robust base layer and Layer 2 networks handle the heavy lifting. His ultimate goal is to create a unified Ethereum ecosystem, ensuring seamless interactions between Layer 2 networks without the feel of separate blockchains.   Buterin warns that increasing Ethereum’s gas limits to achieve higher speeds would compromise decentralization, as only larger validators with costly hardware could participate. Instead, he advocates solutions like data compression and bytecode optimization to maintain scalability without sacrificing security.   Ethereum’s Layer 2 Shift and Its Implications Ethereum’s increasing reliance on Layer 2 networks offers benefits like lower fees and faster transactions. However, it comes with a trade-off: the mainnet’s share of total network revenue has significantly dropped. VanEck’s latest analysis reveals that this trend may lower Ether's long-term value, potentially reducing their original price target by 67%.   Read more: Top Ethereum Layer-2 Crypto Projects to Know in 2024   Conclusion The Pectra fork represents a significant milestone in Ethereum’s journey toward becoming a more scalable, efficient blockchain. With dynamic blob fees, social recovery features, and continued focus on Layer 2 networks, Ethereum aims to strike a balance between scalability and decentralization. If successful, these updates will bring Ethereum closer to achieving its ambitious goal of 100,000 TPS, solidifying its position as a leading blockchain for years to come.

Share
10/18/2024
94% of Asian Private Wealth Considers Crypto Investing, Vitalik Buterin's Vision for “The Surge”, FBI Arrests SEC’s X Hacker: Oct 18

On October 18, the crypto world saw significant developments. The FBI arrested a hacker responsible for breaching the SEC's X account in January. Aspen Digital reported that 94% of Asian private wealth is invested or considering crypto, highlighting growing interest. Additionally, Vitalik Buterin unveiled his ambitious plan for Ethereum called "The Surge." Meanwhile, Bitcoin's spot ETFs in the U.S. crossed $20 billion in net flows, demonstrating rising investor confidence.   The crypto market remains in the greed territory today, with the Crypto Fear & Greed Index increasing from 71 to 73. Bitcoin (BTC) has shown some positive momentum, trading above $67,993.90 in the past 24 hours. Despite recent fluctuations, the overall market sentiment leans towards greed.    Quick Market Updates  Prices (UTC+8 8:00): BTC: $67,424, -0.29%, ETH: $2,605, -0.22% 24-hour Long/Short: 49.7%/50.3% Yesterday’s Fear and Greed Index: 73 (71 24 hours ago), level: Greed Crypto Fear & Greed Index | Source: Alternative.me   Read More: Trump’s Crypto Platform Raising Only $12 Million (WLFI), Stripe in Talks to Acquire Bridge: Oct 17   Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair    24H Change AIC/USDT      -0.67% BTC/USDT      +0.48% HACHI/USDT  728.22%   Trade now on KuCoin   Quick Take on the Highlights in the Crypto Space for Oct. 18 U.S. retail sales in September grew by 0.4%, surpassing expectations. The European Central Bank cut interest rates by 25 basis points. Aspen Digital reported that 76% of surveyed family offices and wealthy individuals in Asia are investing in digital assets; another 18% plan to join soon. Polymarket predicts a 64% chance of Bitcoin reaching $70,000 this month. The FBI arrested a man for posting fake Bitcoin ETF approval on the SEC's X account. FBI Arrests Hacker Behind SEC's X Account Breach On October 17, the FBI arrested Eric Council Jr. for hacking the SEC’s X account in January. He used a SIM swap attack to gain control of the SEC's social media, posting a fake announcement about a spot Bitcoin ETF approval. This event caused chaos which in turn caused Bitcoin’s price to spike, and investors scrambled. It was a stark reminder of how vulnerable even powerful institutions are to cyberattacks like SIM swapping. U.S. Attorney Matthew Graves highlighted the financial and personal damage such attacks can cause. Council now faces identity theft and fraud charges.   The SEC acted quickly. Chair Gary Gensler stepped in 15 minutes after the post went live, clarifying that no ETF had been approved. But the next day, the SEC did approve 11 spot Bitcoin ETFs. These funds now hold a combined $63.5 billion, underscoring the growing institutional interest in Bitcoin despite the earlier chaos.   Source: X   94% of Asian Private Wealth Investing or Considering Crypto A report from Aspen Digital shows that 94% of private wealth in Asia is either invested in or planning to invest in crypto. Interest has surged, up from 58% in 2022 to 76% already investing, with 18% more planning to. The survey, covering 80 family offices and high-net-worth individuals managing $10 million to $500 million, found most have less than 5% of their portfolios in digital assets. Interest is high in decentralized finance (DeFi), artificial intelligence, and decentralized infrastructure.   Change in blockchain interest in Asia. Source: Aspen Digital   Spot Bitcoin ETFs are also driving interest. 53% of respondents gain exposure through ETFs. This aligns with a global rise in crypto adoption driven by regulatory clarity and the launch of ETFs in the US and Asia. Bitcoin and Ether ETFs launched in Hong Kong in April, while the US started spot Bitcoin ETFs in January 2024.   Many surveyed investors remain optimistic. 31% believe Bitcoin will hit $100,000 by year-end, showing strong bullish sentiment among Asia’s private wealth.   U.S. Spot Bitcoin ETFs Cross $20 Billion in Net Flows On October 17, U.S. spot Bitcoin ETFs hit a milestone—crossing $20 billion in total net flows. This happened in just 10 months, which is incredibly fast compared to gold ETFs, which took five years to reach the same level. This rapid growth points to Bitcoin's increasing legitimacy as a store of value, comparable to traditional assets like gold.   Eric Balchunas, a senior ETF analyst at Bloomberg, called the $20 billion mark the hardest metric to grow for ETFs. The past week alone saw $1.5 billion in inflows, signaling strong investor confidence, especially with improving regulatory clarity around these products. Data from Farside Investors showed that on October 16, Bitcoin ETFs added $458 million worth of BTC, showing continued strong demand.   Source: Eric Balchunas   This growth also reflects a shift in how investors want exposure to Bitcoin. More people want access through regulated financial products, overseen by established institutions. The surge in net flows signals Bitcoin’s growing acceptance among mainstream investors, a positive sign for its long-term prospects.   Read more: Best Spot Bitcoin ETFs to Buy in 2024   Vitalik Buterin's Vision for “The Surge” in Ethereum's Roadmap Vitalik Buterin recently laid out an ambitious plan for Ethereum, called "The Surge." The goal? Scale Ethereum to handle over 100,000 transactions per second (TPS). To do that, Buterin wants to improve both Ethereum's main blockchain and its layer 2 solutions, like rollups. It's not just about speed; it’s about making Ethereum more efficient, accessible, and user-friendly.   Buterin stressed that Layer 2 networks should feel like a unified part of Ethereum, not separate chains. Right now, different L2 solutions can feel fragmented, which can confuse users. Buterin envisions a seamless experience where using an L2 feels just like using the main Ethereum network. This would make it easier for both new users and developers, helping Ethereum grow into a more cohesive and approachable platform.   The other big focus is on cost-cutting. Merging these will optimize computations on Ethereum to ensure a cheaper and highly scalable base layer, enabling the main chain to manage the demand that comes from L2 rollups.This would make the context in which developers have to work much easier, while users will pay lower fees and notice no difference at all.   The goal of "The Surge" is to complete Ethereum’s rollup-centric roadmap while keeping decentralization and security intact. By focusing on scaling, improving user experience, and enhancing interoperability, Buterin wants to make Ethereum a more robust and easy-to-use platform. This is about laying the foundation for Ethereum to continue evolving as a key player in decentralized infrastructure globally.   Read more: Ethereum 2.0 Upgrade   Conclusion The top headlines today underscore the growing adoption of crypto assets and the steps regulators and industry leaders are taking to secure and scale the ecosystem. The arrest related to the SEC hack reminds us of ongoing cybersecurity challenges, while the increased interest in Bitcoin ETFs and Ethereum’s scaling plans reflect the sector's potential. Investors across Asia, coupled with new products like ETFs and technological improvements led by Vitalik Buterin, signal a promising outlook for digital assets in the evolving financial landscape.

Share
10/18/2024