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Crypto-News-Flash

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OpenSea 2.0 Set for December Launch: Revamped NFT Platform to Feature BTC Ordinals, User Rewards

  • NFT marketplace OpenSea is set for a revamp in December to introduce Bitcoin Ordinals support.
  • The revamped OpenSea will feature a completely new platform and introduce rewards for users holding Gemesis NFTs.
  • Speculations suggest that OpenSea may be developing an Ethereum Layer 2 chain for cost reduction and faster transactions.
  • OpenSea has been facing declining sales volume, regulatory challenges, and stiff competition from platforms like Blur.

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Cryptonews

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Election Tension Sparks Outflows in Bitcoin ETFs as Dogecoin Rallies

  • US Spot ETFs experienced a significant US$541 million outflow, indicating market uncertainty.
  • Altcoins and memecoins like Dogecoin surged due to potential regulatory changes.
  • Dogecoin's open interest is approaching record highs, influenced by election developments and celebrity comments.
  • Bitcoin, Ethereum, and Solana gained amidst the US election progress.

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TheNewsCrypto

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Ethereum Price May Drop to $2000 if Donald Trump Looses US Elections

  • Ethereum price may drop to $2,000 if Donald Trump loses the US elections.
  • Recent developments suggest that Ethereum could come under selling pressure if political instability affects investors.
  • Meanwhile, Intel Markets, an AI trading platform, is preparing for expansion amidst cryptocurrency market fluctuations.
  • Intel Markets offers AI-driven insights and high-leverage options, appealing to investors seeking diversification.

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Hackernoon

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Zuzalu is Dead. Long Live Zuzalu! - Metamorphosis Commenced v3

  • Chiang Mai is hosting 9 Zuzalu Ecosystem Pop-up Cities between October and early November, which is the highest number ever at one location.
  • Zuzalu was the first-ever pop-up city of its kind, lasting 2 months in Montenegro in 2023. It has now evolved into a full out pop-up gathering.
  • Pop-up Cities are exclusionary and mainly cater to young, tech-native men. Builders in Africa, Latin America or Asia, who provide immense value to this movement, cannot join due to passport and budget limitations.
  • Pop-up Cities do not have the rails, position and capabilities to realize the massiveness of the Network State yet.
  • Zuzalu's big questions are unanswered- what is Zuzalu? Who decides who is and isn't a Zuzalian?
  • Pop-up Cities need key infrastructural tools, tested business models, and data analysis, such as GDP, GDP per Capita, Gini Coefficient, Social Progress Index, etc.
  • Zuzalu's definition is tricky, but Xenofon's Manifesto defines it as a group of ever-changing people that seek to protect their freedom, culture, and prosperity from existing social structures.
  • Chiang Mai is currently hosting 9 Pop-up Cities occurring simultaneously, mainly targeting Blockchain, Artificial Intelligence, Local Culture, Decentralized Science, Women in Web3, and Pop-up City culture.
  • ZuForever, an infrastructure and coordination organization, focuses on solving the biggest barrier in the ecosystem- housing and co-living.

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Zycrypto

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Michigan Becomes First State Pension Fund To Invest In Ethereum ETFs With $10 Million Buy

  • The State of Michigan Retirement System has become the first public pension fund to invest in Grayscale's Ethereum exchange-traded funds (ETFs).
  • Michigan's pension fund has purchased 460,000 shares in Grayscale's Ethereum Trust (ETHE), valued at $10.07 million.
  • The fund also bought 1.1 million shares in the Grayscale Ethereum Mini Trust (ETH).
  • Michigan now owns more Ethereum than Bitcoin, showcasing a growing interest in diversifying crypto holdings among state pension funds.

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Zycrypto

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Why Bitcoin, Ether, Solana, Cardano, XRP, Shiba Inu Remain Unfazed by US Election Outcome

  • Bitcoin remains unfazed by the outcome of the US election as its value is primarily driven by economic trends rather than political shifts.
  • Historical data shows that Bitcoin has experienced slight drops during previous election years, but it tends to stabilize and build resilience following political events.
  • Bitcoin's course depends more on general economic strategies such as quantitative easing and debt rather than specific regulatory policies set by different administrations.
  • Bitcoin's advantages as an inflation and currency hedge make it appealing in times of money printing and expanding national debts, which are expected to continue regardless of the election result.

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Medium

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STON.fi Weekly Round-Up: Big Moves in the TON Ecosystem

  • STON.fi had a prominent presence at The Gateway in Dubai, showcasing the vision of Omniston and its impact on decentralized finance.
  • BigPump, a new token launchpad, has been introduced in collaboration with PocketFi to help early-stage tokens raise funding and visibility.
  • The STORM/TON farm has been upgraded with a new dynamic rewards system, offering liquidity providers 15% of Storm Trade protocol fees with no end date.
  • TON Memelandia event is underway, with STON.fi playing a central role in supporting meme coin liquidity battles and offering liquidity pools on their DEX.

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Bitcoinsensus

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Metawin Casino Loses $4M in Crypto Hack on Ethereum, Solana

  • Metawin Casino lost $4 million from its hot wallets on Ethereum and Solana due to a hacker exploiting a withdrawal system
  • Over 115 addresses linked to the attack have been identified, but the hacker’s motive and identity remain unknown
  • CEO Richard Skelhorn announced plans for enhanced security measures and reassured users that most withdrawals have been reinstated
  • The attack highlights the vulnerabilities in the crypto casino sector and the need for improved security measures

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99Bitcoins

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dYdX v3 On Ethereum Shuts Down: It’s a Disaster for Users

  • dYdX v3, a decentralized exchange (DEX) on Ethereum, has shut down, leaving over $70 million of user funds stranded.
  • The migration from Ethereum to the dYdX Chain resulted in inconvenience for users who hadn't withdrawn their funds earlier.
  • Some users have successfully withdrawn funds, with over $30 million already returned.
  • The dYdX Chain offers lower fees, faster processing speeds, and plans to enhance the trader experience.

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Bitcoinsensus

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Ethereum’s 11th Anniversary: DeFi’s Role and Institutional Growth

  • Ethereum celebrates its 11th anniversary, highlighting its impact on decentralized finance (DeFi) and smart contracts.
  • Greater institutional adoption of Ethereum is expected in the next decade, with security as a priority.
  • DeFi has emerged as a trusted alternative to traditional banking, with $32.8 billion locked in Ethereum lending protocols.
  • The anniversary marks the transformation of the financial sector with smart contracts and the potential for continued institutional adoption.

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Coinpedia

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What’s Next for Bitcoin, Ethereum and Solana Ahead of US Elections? BTC Confirms Rally Above $70k

  • Bitcoin ETFs experienced a $541 million outflow during the US election, causing a short-term dip in Bitcoin's price.
  • However, Bitcoin has confirmed a new bullish divergence on the charts, indicating short-term price strength.
  • Historically, Bitcoin has seen a bullish market following US elections, regardless of the winning party.
  • Ethereum is currently stuck in a sideways trading range, with support around $2,150 and resistance at $2,800.

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TheNewsCrypto

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Is the Recent Whale Activity Signaling Trouble for Ethereum?

  • Ethereum (ETH) faces selling pressure from whales amid election-related uncertainty.
  • Institutional demand for Ethereum ETFs remains weak, impacting price recovery.
  • Recent data shows ongoing selling activity from whales, hindering ETH's price recovery.
  • Weak institutional demand limits ETH's growth, while the upcoming election may determine market direction.

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Crypto-News-Flash

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Ethereum Approaches Major Breakout: Bullish Pattern Signals Upside

  • Ethereum approaches a major breakout point with bullish momentum potential.
  • Crypto analyst Javon Marks suggests a strong bullish trend based on Ethereum's technical pattern.
  • If the breakout occurs as expected, Ethereum could recover above the $4,080 mark, signaling a climb of over 63% from its current price.
  • Vitalik Buterin prioritizes Ethereum scalability and aims for 100,000 transactions per second using advanced solutions.

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Blockonomi

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Michigan State Pension Fund Allocates $10M to Ethereum Trust Holdings

  • The State of Michigan Retirement System has invested $10 million in Grayscale’s Ethereum Trust (ETHE), making it the first U.S. state pension fund to venture into Ethereum ETFs.
  • The fund also acquired $1.1 million in shares from Grayscale’s Ethereum Mini Trust.
  • This investment marks a major shift in the fund's digital asset strategy, as its Ethereum holdings now exceed its Bitcoin position.
  • ETHE faces competition from lower-fee Ethereum ETFs offered by BlackRock and Fidelity.

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TheCryptoBasic

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Expert Says This Could Be Ethereum Last Dip Before Explosion to $10,000, Citing S&P 500 Correlation

  • Market analyst Ali Martinez suggests that Ethereum's current dip could be the last before a rally to $10,000, drawing comparisons to the S&P 500's market trends.
  • On-chain data shows that a significant portion of Ethereum holders are currently profitable, indicating underlying support for the asset. However, a majority of active addresses are at break-even levels, reflecting market indecision.
  • Contrasting views exist on Ethereum's outlook, with trader Peter Brandt maintaining a bearish stance and suggesting a potential crash to $1,551 unless new patterns emerge.

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