ANALYSIS: Bitcoin's hashrate hit a record 703 exahashes per second, marking a 13% rise since April's halving, according to Glassnode.
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RECENTLY: BlockchainCom executives Nicolas Cary and Al Turnball are facing court for late company record submissions, attributed to restructuring and workforce reductions, with accounts for 2020 filed in October.
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ANALYSIS: Glassnode data reveals that Bitcoin (BTC) has reached a record number of holders, with increasing illiquid supply and declining short-term holder supply, indicating bullish sentiment.
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RECENTLY: Bybit released its 15th proof of reserves report, showing a 4.65% increase in Bitcoin assets and a 6.94% decline in Tether holdings, with notable changes in Ethereum and Mantle assets.
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OPINION: The Minneapolis Fed suggests that banning or taxing Bitcoin could help governments avoid being forced to balance their budgets while running permanent deficits.
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RECENTLY: NGRAVE announced its integration with MetaMask, enhancing security for millions of users engaging with Web3, DeFi, and decentralized applications.
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JUST IN: CoinGlass reported on X that open interest (OI) in Bitcoin futures reached a record high of $40.5 billion, as BTC approached the $70,000 mark.
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RECENTLY: Pell Network, an Omnichain Decentralized Validation Services (DVS) platform, announced it successfully raised $3 million in pre-seed funding.
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ANALYSIS: Bitcoin price has reached $69,000 and is approaching the $70,000 mark, signaling strong market momentum.
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JUST IN: Fintech company Stripe has completed its largest acquisition to date, acquiring stablecoin platform Bridge in a $1.1 billion deal, according to TechCrunch founder Michael Arrington in a post on X.
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ANALYSIS: DailyCoin announced that eight of the top 10 cryptocurrencies saw price increases over the past week, ranked by percentage increase.
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RECENTLY: Vitalik Buterin warns that staking centralization poses a major risk to Ethereum, proposing solutions to address it in the upcoming "Scourge" upgrade.
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ANALYSIS: Alan Santana predicts Bitcoin could surpass $130,000, potentially reaching between $155,000 and $200,000 by January 2025, following a key breakout above the $70,000 resistance level.
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JUST IN: Most memecoins endorsed by Andrew Tate, including Roost, have crashed by 90-99%, raising concerns of insider trading, with Tate admitting to crypto price manipulation in a recent X post, according to an investigation by Coffeezilla.
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ANALYSIS: Bitcoin has had its greediest year in 2024, with a 40% YTD return, record-high Fear and Greed Index, and traders eyeing a critical $68,400 breakout, according to Copper.
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JUST IN: Layer 1 blockchain Sui has launched its first global hub in Dubai to support blockchain developers and entrepreneurs, according to co-founder Kostas Chalkias.
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JUST IN: A cryptocurrency trader turned $296 into $620,000 in four hours by trading the SLOP meme coin, achieving a 2,090-fold return, according to Lookonchain, after previously trading over 150 meme coins with a win rate of 21.19%.
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ANALYSIS: Metars Genesis (MRS) is leading a $407 million token unlock this week, releasing 10 million tokens valued at $15.8 million, following Arbitrum's (ARB) $51 million unlock last week.
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RECENTLY: The Uptober team accused influencer Jaypeg of scamming them by selling promotional tokens, denying payment, and deleting evidence, with ZachXBT uncovering evidence linking him to the funds.
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ANALYSIS: Messari's latest report revealed that VC investments in AI-related projects reached over $213 million last quarter, marking a 340% year-over-year increase and a 2.5x jump from Q2.
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RECENTLY: Japan’s DPP leader Yuichiro Tamaki proposed a 20% crypto tax rate if elected, urging voters to support the plan.
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RECENTLY: Tapioca Foundation announced a $1M bounty for the return of $4.7M stolen in a recent crypto heist after a social engineering attack.
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RECENTLY: ECB economists warn that Bitcoin's rising value may destabilize society, benefiting early adopters and disadvantaging non-holders.
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RECENTLY: Local media reports that Hong Kong police busted a deepfake crypto scam, arresting 27 suspects and recovering $46 million in stolen funds.
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ANALYSIS: Gold ETFs took five years to surpass $20 billion in inflows, while Bitcoin achieved the same milestone in just 10 months, marking the most successful ETF launch in history.
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RECENTLY: Bitget announced its wallet has surpassed 40 million users, with 6 million downloads in September, making it the second most downloaded crypto app after Binance.
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TODAY: Tether's transparency page shows USDT hit a $120 billion market cap far ahead of USDC, with Tron leading USDT transactions at over $61 billion.
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JUST IN: Lookonchain reported contrasting outcomes, with one trader turning $3,000 into $9 million by trading GNON, while another lost $43,500 in Solana from FOMO-driven meme coin purchases.
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ANALYSIS: Capital outflows from the Chinese stock market hit a nine-year high of $4.1 billion in one week, despite recent government stimulus efforts.
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RECENTLY: CoinGecko has revealed the speaker lineup for GeckoCon 2024, featuring leaders in Web3 gaming, to be held on November 11, 2024, in Bangkok, Thailand.
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