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Cryptonews

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On the Radar – Coins to Watch: SUI and SEI

  • Bitcoin and other cryptocurrencies have had a rocky start to the new quarter.
  • US jobs data to be released, which could impact future policy decisions.
  • October historically shows positive performance for Bitcoin.
  • Coins to watch: SUI and SEI.

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TronWeekly

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Tom Emmer’s Crypto Vision: What Lies Ahead for 2025 U.S. Regulation

  • Tom Emmer, the House Majority Whip (R-MN), aims to push legislation that solidifies the future of cryptocurrency in America.
  • Emmer believes that digital assets regulation is inevitable and cites growing bipartisan support as a driving force.
  • Young voters, particularly those between 18 and 40, view cryptocurrency as a crucial issue and may vote with digital asset policies in mind.
  • Emmer's priorities for crypto-friendly legislation include passing a market structure framework, outlawing a US Central Bank Digital Currency (CBDC), and enabling the creation of stablecoins backed by the US dollar.

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Cryptoslate

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Tron’s $566 million Q3 revenue surpasses Bitcoin, Ethereum and Solana

  • Tron generated total revenue of $566 million in the third quarter, surpassing Bitcoin, Ethereum, and Solana.
  • Tron's Q3 revenue showed a 43% increase compared to the previous quarter and a 113% year-on-year growth.
  • Tron's revenue was more than 2x higher than Ethereum, 5x higher than Solana, and 9x greater than Bitcoin in the same period.
  • Tron's revenue spike was driven by stablecoin activity and the growing memecoin sector on the network.

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Bitcoinist

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US Bitcoin Reserve Legislation Gains Bipartisan Support With Democrat’s Endorsement

  • US lawmakers from both sides of the political spectrum are rallying around a proposal to create a strategic Bitcoin reserve for the US.
  • Senator Cynthia Lummis introduced legislation to use existing federal funds to purchase one million BTC, positioning the United States as the largest nation-state holder of the cryptocurrency.
  • Support for a strategic Bitcoin reserve is crossing party lines, with Democrat Representative Ro Khanna endorsing the idea.
  • Khanna argues that Bitcoin held by the US government from confiscations should be retained as a strategic reserve, allowing the US to benefit from its value over time.

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Bitcoinist

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Bitcoin Whale Activity Hints At Upside: Big Players Bought 50,000 BTC In Just 10 Days

  • Bitcoin whales have purchased over 50,000 BTC in the last 10 days, indicating growing confidence in the asset.
  • The whale activity suggests robust underlying demand for BTC and a potential recovery on the horizon.
  • Bitcoin is currently holding above a crucial support level at $60,100, which could pave the way for a price rally.
  • BTC must reclaim the 1D 200 moving average at $63,600 to establish solid support and regain bullish momentum.

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Bitcoinist

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Iran’s Missile Strike On Israel Shakes Crypto Market, Prices Plummet

  • Bitcoin fell more than 6% due to Iran's missile strike on Israel, which increased tensions in the Middle East.
  • Investors shifted away from riskier assets like Bitcoin and sought safe havens in gold.
  • Bitcoin's value dropped by about $3,800 in a few hours but later climbed back to around $61,500.
  • Gold prices surged 1.2% as uncertainty-fearing investors sought safety.

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Medium

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Web3 at a Pivotal Crossroads: Exclusive Insights from Axia8’s Private Crypto Events

  • Thought leaders met to discuss challenges in the health and crypto sector, with the concept of DeSci gaining traction.
  • There is also a struggle to navigate environments where primary investments have stalled.
  • CEXs embrace gamified and incentivised marketing tools for user registration rather than innovation.
  • While many projects have aimed to build for Binance rather than customers, buzzwords like “consumer” and “revenue” have gained traction, presenting a challenge.
  • A new energy from Web3 gaming innovators is building genuine games for the industry aiming to attract real gamers.
  • Platforms Oh Gamers, Space Nation and E4C: Final Salvation aim to better align with genuine and authentic consumer needs.
  • As sustainability becomes more of a key issue in the market, the next crypto cycle must align more closely with high-risk assets than ever before.
  • The community must collectively seek solutions to issues in the industry.
  • Distorted motivations lead to a lack of trust resulting in the winners being exchanges and institutional traders.
  • As crypto moves from building a trustless world to becoming trust-less, further clarity on motives is needed to lay a foundation for a sustainable industry.

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Newsbtc

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Can SUI Break Past $2 Resistance? On-Chain Metrics Reveal Growing Demand

  • SUI has experienced an impressive surge of over 160% since the start of September, with its price now hovering around $2.
  • SUI's total value locked (TVL) has reached new all-time highs, indicating a robust demand for its decentralized finance (DeFi) ecosystem.
  • Analysts believe that breaking the crucial $2 resistance level could trigger a strong bullish move for SUI.
  • If SUI fails to break past $2, a retracement to support levels around $1.60 or even $1.45 could be expected.

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Coin Telegraph

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Court revives 2020 AT&T case over $24M crypto theft via SIM swap

  • AT&T is facing charges of failing to protect user information in a SIM swap case.
  • Crypto investor Michael Terpin sued a high school graduate for stealing $24 million of cryptocurrency through SIM swap.
  • The case involved bribing an AT&T employee to transfer SIM card information.
  • The legal struggle has earned the accused the nickname 'Baby Al Capone.'

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Bravenewcoin

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Bitcoin Falls to $60K as Israel-Iran Tensions Escalate

  • Bitcoin briefly dropped to $60,300 but rebounded to $61,500 before settling at $60,230.
  • Geopolitical tensions between Israel and Iran led to the steepest drop in Bitcoin's price in over a month.
  • Market uncertainty prevails as there is a 43% chance of Israel striking back at Iran by the week's end.
  • Bitcoin has historically shown resilience and recovery during geopolitical events and is expected to recover faster than other major assets.

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Newsbtc

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Analyst Says Bitcoin Is In The ‘Final Test’, Here’s Where The BTC Price Is Headed Next

  • Bitcoin has retraced from the $66,000 level but remains attractive around $63,000 for bulls.
  • Crypto analyst Xanrox suggests a possible further decline below $60,000 based on a symmetrical triangle formation.
  • A retest of the triangle is seen as positive, allowing traders to enter at a good price.
  • The analyst recommends buying between the $60,277 and $61,590 levels, noting potential good trade if sold above $120,000.

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Coin Telegraph

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NFT volumes plummet, Hamster Kombat to launch NFTs: Nifty Newsletter

  • Hamster Kombat, a popular Telegram clicker game, plans to integrate non-fungible tokens (NFTs) in November 2024 as revealed in its roadmap.
  • September NFT sales recorded the lowest volume since 2021.
  • Indonesia's postal service launched NFT stamps.
  • Metaverse platforms could potentially help solve the loneliness epidemic.

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1 Like

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TronWeekly

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Peter Brandt: Bitcoin Needs $71,000 Break for Bullish Shift

  • Bitcoin's recent rally has not been enough to change the long-term bearish pattern, according to veteran trader Peter Brandt.
  • Brandt emphasizes that Bitcoin needs to close above $71,000 and establish a new all-time high to signal a true bullish shift.
  • BTC has been following a consistent downtrend, with lower highs and lower lows, indicating ongoing bearish sentiment.
  • Market experts, including Willy Woo, agree with Brandt's outlook and expect a cooling-off period before a stronger uptrend emerges later this year.

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6 Likes

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readwrite

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Bitcoin slides under $61,000 amid Middle East escalation

  • Bitcoin falls below $61,000 amidst Middle East tensions.
  • Bitcoin's price dropped to around $61,200, down 1.15% in the past 24 hours.
  • Iran's recent attack on Israel has led to increased instability in the Middle East.
  • Bitcoin's decline contrasts with gold's increase as a store of value asset.

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Bitcoinist

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Binance Expands In Argentina: Crypto Giant Gains Full Regulatory Green Light

  • Binance has gained full regulatory approval to operate in Argentina, marking its 20th global regulatory approval.
  • This approval allows Binance to expand its services in Argentina, enabling users to trade, buy, and sell cryptocurrencies legally.
  • Binance's compliance measures, including anti-money laundering and know your customer protocols, contribute to its success.
  • The company plans to continue expanding its presence in Latin America and collaborate with regulators to encourage secure adoption of cryptocurrencies.

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