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Altcoins News
TronWeekly
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S.Korea’s Crypto ETF Ban Reevaluation: 61% Trade Volume Surge Red Flags
- South Korea’s Financial Services Commission (FSC) plans to reevaluate its ban on local spot cryptocurrency ETFs and institutional accounts.
- The approval of spot bitcoin ETFs in the U.S. has prompted the FSC to consider local listings, signaling a potential policy change.
- Upbit, the dominant crypto exchange in South Korea, handles 61% of trade volume, raising concerns about its influence on partner K-bank and implications for its IPO plans.
- The FSC's reevaluation and potential approval of local spot ETFs could reshape the digital asset landscape and have implications beyond the local market.
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TheNewsCrypto
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SUI Fails to Sustain Bullish Momentum: Transaction Volume Drops
- SUI reaches a new ATH of $2.18 but bullish momentum fades.
- Transaction volume drops 30% in 48 hours, signaling waning interest.
- Technical analysis suggests potential 23% decline to $1.45 support level.
- The decrease in transaction volume and negative technical indicators raise concerns about SUI's price correction.
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TronWeekly
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Ripple Unveils Powerful Crypto Custody for 250+ Fintech Clients
- Ripple Labs is launching a new crypto custody service, Ripple Custody, expanding its offerings beyond cross-border payments.
- Ripple Custody offers secure storage solutions with AML tools and tokenization features.
- The service reflects increased institutional demand, with customer growth surging 250% year-over-year, and major institutions like HSBC and DBS already using it.
- Ripple's move into crypto custody positions the company to capitalize on the projected $16 trillion market by 2030.
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Bitcoinist
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Ethereum Millionaire That Turned A $3200 Shiba Inu (SHIB) Trade Into $22 Million Says This Ethereum Presale Will Explode 14,000X This Winter
- An Ethereum millionaire who made a $22 million fortune by longing Shiba Inu (SHIB) with $3200 is promoting the ETFSwap (ETFS) presale as the next hidden crypto gem.
- ETFSwap (ETFS) is a viral presale token with an undervalued price of $0.03846 and is expected to surge 14,000% during the crypto bull run.
- The ETFSwap (ETFS) beta platform launch is imminent and will offer staking rewards, access to tokenized ETFs, and customizable AI-powered tools for traders.
- The ETFSwap (ETFS) DeFi platform will provide users full control over managing their portfolios, high security, and a user-friendly interface.
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TronWeekly
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Analyst Says Ethereum is at a ‘Pivotal Moment’ as $1k Crash Looms, Trader Hedge with Altcoin Hinting at a 4,000% Run
- Ethereum is facing uncertainty with the possibility of a significant dip or a bull run towards $1000.
- Traders are looking for hedging options, and RCO Finance (RCOF) emerges as a promising contender.
- RCOF is a DeFi platform on Ethereum that utilizes AI to lend, borrow, and stake funds, offering features like tokenization of real-world assets and high leverage.
- Investing in RCOF during its ongoing presale could offer investors a chance to hedge against Ethereum price instability and potential high returns.
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TechBullion
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Best Cryptocurrency to Buy in October 2024: Altcoins and Bitcoin Performance Analysis
- Bitcoin, currently trading at around $62,000, remains the most popular crypto for both institutional and retail investors as it is resistant to volatility.
- Bitcoin has historically been bullish during the month of October, hence providing the best time to invest. There is massive potential for Bitcoin to reach $100,000 by year end.
- Wormhole (W), Conflux (CFX), and Sui (SUI) are three altcoins with high potential seen as excellent opportunities for investors looking for higher returns.
- Wormhole, a cross-chain crypto asset bridging protocol, experienced a 25% surge in just 24 hours recently, bringing seamless transfers across different blockchain networks and making it one of the infrastructures most important in the fast-growing decentralized finance (DeFi) space.
- Conflux is an advanced layer-1 blockchain protocol designed to rectify some of the scalability and speed issues that previous blockchains, such as Ethereum, have suffered from. It was trading above $0.18 on Oct 2nd, recovered from Monday lows in the $0.15 range.
- Sui, a layer-1 blockchain as well, has had a massive growth of 135% since the start of September. Rapid growth in its ecosystem, especially within DeFi, resulted in its total value locked in its smart contracts on blockchain hitting an all-time high of $1 billion.
- Investors can expect Bitcoin to remain stable while alternatives like altcoins may hold great profit-making potentials in the coming weeks.
- Bitcoin is considered a safe haven investment during political turmoil or when the economy is uncertain.
- Fast-growing DeFi space, innovative technologies, and rising adoption curve have driven the performance of altcoins.
- Altcoins, specifically Wormhole, Conflux, and Sui, present promising investment opportunities in October 2024 with their technical indicators, innovative technologies, and speed of ecosystem growth.
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Altcoinbuzz
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MILLIONS of Crypto VC Funding Is Flowing Into These Altcoins
- Galaxy Digital’s report for Q2-2024 says that $3.2 billion in VC investments came into crypto that quarter.
- One of the recipients of some of that funding is Transak, one of the leading on-ramp and off-ramps to crypto from fiat money.
- Monad is a Layer 1 chain that brings parallel execution to the EVM ecosystem for the first time.
- VCs love investing in chains and protocols that make improvements to EVM. Many VCs see EVM as where Web3 finance will live.
- Berachain is an EVM-compatible Layer 1 chain whose big innovation is Proof of Liquidity as a consensus mechanism.
- Berachain successfully raised $100 million to go with the $42 million they raised earlier.
- Transak's investors are Consensus, Sandeep Nailwal of Polygon, and Animoca Brands.
- Monad just raised $225 million from investors including Paradigm, Electric Capital, and Coinbase Ventures.
- VC backing means they likely have enough money to keep building through the next bear market to survive.
- Emerging markets can save in digital dollars while there is a stable medium of exchange for RWA or other DeFI investments.
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TronWeekly
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Shiba Inu: FBI Wallet Linked to SHIB and 4 Other Altcoins Exposed
- The FBI may have unintentionally exposed one of its cryptocurrency wallets which contains Shiba Inu’s BONE, EthereumMax (eMax), Kishu Inu (KISHU), Sanshu Inu (SANSHU), and other altcoins.
- The wallet was linked to over 100 transactions, and activity was observed on platforms like Binance and HTX.
- The FBI's involvement in crypto raises concerns amidst the rise of fraud and scams, with Americans facing losses of $5.6 billion due to crypto-related scams in 2023.
- The FBI's move into crypto adds another layer to the complexities of the cryptocurrency market, highlighting the wild frontier nature of cryptocurrencies.
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TheNewsCrypto
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Is EIGEN Dipping 11% Amid Whale Moves a Red Flag?
- EIGEN (EigenLayer) cryptocurrency has dropped 11% to $3.52 with a market cap of $657 million.
- A whale transferred 365,303 EIGEN coins to Binance, causing market unease.
- The market decline and decreased trading volume suggest a potential bearish sentiment.
- Investor concern arises due to speculation about further selling from the whale.
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Bitcoinist
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Crypto Custody Solutions To Debut In Taiwan With Local Bank Trials In 2025
- The Taiwanese financial regulator, the Financial Supervisory Commission (FSC), plans to trial institutional crypto custody services with local banks in 2025.
- Interested financial institutions must specify the type of digital asset they would like to hold and adhere to security guidelines to prevent money laundering and engage with assets from illegal sources.
- The FSC aims to release further information about the trial at least 15 days before accepting applications and gather public feedback to refine the process.
- Taiwan's growing embrace of digital assets follows regulatory developments and pro-crypto stances in other Asian countries such as Japan and the United Arab Emirates.
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Bitcoinsensus
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Ripple Offers New Crypto Custody Services for Banks and Fintech Firms
- Ripple is expanding its 'crypto custody' services for banks and fintechs worldwide.
- Crypto custody services help safeguard digital assets and promote digital asset adoption among financial institutions.
- Ripple's expanded services could impact its regulatory battles with the SEC and enhance its credibility.
- The new features of Ripple Custody include AWS CloudHSM, pre-configured frameworks, XRPL integration, compliance integrations, and improved UI and usability.
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TronWeekly
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Shiba Inu Bulls Gain Momentum, Price Breaks Above Key Support
- Shiba Inu's price has broken above key support and bounced off the support zone at $0.00001680.
- The price has surpassed the 100-day moving average, indicating a potential recovery.
- If the momentum continues, SHIB could break out of the descending channel and target $0.000029.
- Shiba Inu's rising burn rate and speculation about a potential ETF are driving the bullish momentum.
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Bitcoinist
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Shiba Inu Rival Flashing Buy Singal that Triggered the SHIB Price 2021 8,000% Bull Run, Analyst Finds
- Shiba Inu (SHIB) had an 8,000% bull run in 2021 and there is now anticipation around a new SHIB rival.
- RCO Finance (RCOF) is generating excitement with projections of significant gains and investors are drawing parallels between this altcoin's current trajectory and SHIB's historic surge.
- RCOF is the native token of RCO Finance, a decentralized finance platform that integrates AI and machine learning for advanced trading, and is currently in its presale stage.
- RCOF is in its second presale stage and the price has increased 169% to $0.0343 from its initial offering price of $0.01275.
- The next presale stage is expected to see the price rise further to $0.05588, offering early investors more opportunities to capitalize on potential gains.
- RCOF's presale price is projected to increase by over 1,644% through its remaining stages, with a target listing price between $0.4 and $0.6.
- RCO Finance's ability to tokenize real-world assets, is expected to set it apart from traditional DeFi platforms.
- RCOF could benefit from the rising trend of AI-driven technologies in the crypto space, which increases the potential for significant growth.
- RCOF's carefully designed tokenomics and structured growth model ensure stability and prevent pump-and-dump scenarios.
- Overall, RCOF appears to be a more robust option than SHIB due to its revolutionary platform, token utility, and structured growth model.
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TronWeekly
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XRP Could Soar 100%: Triangle-Cross Signals Bullish Rally
- XRP has hit a “triangle-cross” on the weekly chart, suggesting a bullish breakout.
- If XRP breaks out of the triangle pattern, it could see a significant rally with a target price of $49.98.
- XRP's recent fall indicates further losses unless market conditions change.
- The filing of an XRP exchange-traded fund (ETF) could boost accessibility and liquidity.
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Cryptoticker
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Retardio Coin Price Jumps 41%
- Retardio (RETARDIO) has experienced a significant 41% increase in price within 24 hours, reaching around $0.11.
- The surge can be attributed to factors such as strong trading volume, increased market confidence, and the launch of Retardio Casino.
- Technical analysis indicates a bullish trend, with potential for further gains if buyers maintain control and break through resistance levels.
- Retardio's price may target new all-time highs, reaching the $0.15-$0.20 range, considering favorable market conditions and buyer enthusiasm.
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