CRYPTO MARKET UPDATE

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Crypto Adoption: Institutions & Retail Revolutionize Financial Landscape

The crypto landscape is rapidly changing, with institutional investment and retail adoption on the rise globally. Chainalysis’ report indicates that crypto has become increasingly mainstream, driven by varied economic forces.…

“Trump’s Crypto Connection: How Cryptocurrency is Boosting 2024 Presidential Race”

Trump’s financial ties to the crypto world, including holding up to $5 million in Ethereum and making nearly $4.9 million from NFT sales, make his candidacy particularly appealing to crypto…

Hyve’s Revolutionary Data Access Layer: Advancing Blockchain Security and Scalability

This round of financing was led by Lemniscap, with participation from Paper Ventures, Frachtis, and other investors. Hyve, a blockchain DA provider supported by the re-pledge protocol Symbiotic, has completed…

XRP Set to Challenge $0.60 as It Trades Within a Bullish

As discussions surrounding the SEC’s deadline to appeal intensify, XRP’s price has begun to rise within a bullish channel. Will it reach the $0.60 mark? With the SEC approaching its…

Base Takes The Lead In Layer 2 Transaction Volume,

As of October 14, 2024, Base now dominates Layer 2 (L2) transactions, accounting for 67.6% of total activity. Arbitrum follows with 22.6%, and Optimism holds 9.7%, according to data from…

Join the Top 1% of Web3: VAP Group Presents Global

PRESS RELEASE. Dubai, October 17, 2024: The Global Blockchain Show is pleased to announce its second edition, taking place on December 12 and 13, 2024 at the Grand Hyatt Exhibition…

Is ‘ETH to $10k’ possible? Ethereum’s Vitalik Buterin

Buterin proposed solutions to solve Ethereum’s core issue. Meanwhile, the Bankless co-founder envisioned ETH going to $10K. At the 2024 Shanghai International Blockchain Week, Ethereum [ETH] co-founder Vitalik Buterin revealed…

European Central Bank Predicts Weaker Economic Growth

According to BlockBeats, on October 17, European Central Bank President Christine Lagarde released the latest data indicating that economic growth is expected to weaken further. The survey also shows a…

New Tech Stocks Surge, Blockchain Companies Lagging

The technology sector, in particular, gained momentum, with chip stocks recording a general uptick. Taiwan Semiconductor Manufacturing Company (TSM.N) led the charge, soaring 9.4% thanks to better-than-expected third-quarter results. The…

“Bitcoin’s On-Chain Indicators Show Favorable Fundamentals as Price Approaches $68,000”

Institutional investors also appear to be playing a larger role in this cycle, adding to the bullish outlook. Source Bitcoin has reached a historic price of $68,000 as on-chain indicators…

“OriginTrail’s Decentralized Knowledge Graph Wins Best Project at MIT Decentralized AI Summit”

Founder of OriginTrail, Branimir Rakic, explained how the company’s decentralized knowledge graph powered by Polkadot acts as a critical infrastructure in addressing some of the internet’s most crucial challenges in…

“Economic Growth Weakens, Inflation Targets Met Soon”

Lagarde emphasized that economic growth risks are currently biased towards the downside. Source Inflation is expected to fall toward its target within the next 12 months. European Central Bank President…

ECB Cuts Interest Rates Amid Economic Slowdown and Inflation Decline

Economic concerns are also driving ECB’s decision, with the eurozone experiencing sluggish growth, and tight monetary policy and structural issues contributing to the slowdown. Lower interest rates are expected to…

“The Contrarian Ethereum Bet: CIO Sees Strong Growth Potential despite Bitcoin and Solana Dominance”

Matt Hougan, Chief Investment Officer (CIO) of Bitwise Asset Management, believes that Ethereum is a “contrarian bet” for investors in the next few years, despite the dominance of Bitcoin and…

“Helium Price on the Rise: HNT Token’s Bullish Recovery and Market Volatility.”

Although the 50-day EMA has recorded a bearish curve in the price chart, the 200-day EMA has acted as a support, indicating elevated uncertainty in the market. The RSI indicator…

Fed Expected to Cut Rates Less, Market Reacts

The Federal Reserve’s decision on interest rates is closely watched, as it plays a significant role in determining the overall health of the economy. With fewer expected interest rate cuts,…

GraFun Labs Launches Growth Program for Innovative Memecoins

Backed by notable web3 players such as DWF Labs, Floki, DeXe, and HOT, this incubator aims to support projects that offer unique visions and prioritize community-driven growth. GraFun Labs intends…

Bitcoin’s Resilience: $67,000 Recovery Boosts Market Confidence

On October 17th, Bitcoin experienced a rebound, surpassing the $67,000 mark, according to data from HTX. Th e 24-hour decline narrowed to 1.18%, demonstratecasing the resilience and growth potential of…
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