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The price of RUNE soared more than 17% over the past 24 hours to trade at $2.86 at press time. RUNE’s price has been in a multi-day positive sequence over the last week, which allowed it to flip 2 resistance levels. Technical indicators on RUNE’s daily chart suggested that its price may rise in the next 24-48 hours. The price of THORChain (RUNE) surged by more than 17% over the past 24 hours, according to data from the cryptocurrency price tracking website CoinMarketCap. Subsequently, the altcoin’s value stood at $2.86 at press time. Along with the significant price increase, RUNE also recorded a 128.26% uptick in its 24-hour trading volume. Daily chart for RUNE/USDT (Source: TradingView) A bullish trend line formed on RUNE’s daily chart over the past 2 weeks. During this time, the altcoin printed a series of higher lows. This multi-day sequence also led to RUNE overcoming two major price barriers. The first resistance level that was surpassed was the ...

Solana soars to an 11-month high at $36.41, signaling growing investor faith in its potential.  Rising market cap and trading volume lead to solid demand for SOL, both short-term and long-term.  SOL’s bullish momentum eyes $40, but overbought signals hint at a potential pullback ahead. Solana (SOL) has had an upbeat week, with bulls surging from a weekly low of $29.93 to an 11-month high of $36.41. With the cryptocurrency at its highest level since November, investors are demonstrating increasing faith in Solana’s potential. SOL’s market capitalization and 24-hour trading volume climbed by 9.59% and 166.92%, respectively, to $15.11 billion and $1.45 billion, reflecting the cryptocurrency’s growing interest and activity.  This surge in market capitalization and trade volume indicates considerable demand for SOL, demonstrating that investors are not only optimistic about its short-term success but also about its long-te...

Historically, the cryptocurrency market has benefited from the rise in global money supply as the majority of the bull runs in the past coincided with the rise in fiat supply. The rising M2 money supply could propel crypto into another bull rally and help it outperform the traditional markets, according to Raoul Pal, co-founder and CEO of financial media platform Real Vision. Pal’s X post highlighted the correlation between the rising fiat market supply and the start of the crypto bull run. Pal, in an X( formerly Twitter) post, shared a graph comparing Bitcoin’s (BTC) yearly performance against the global M2 money supply, indicating the simultaneous rise of Bitcoin and global M2 supply. Historically, the Bitcoin and cryptocurrency market has started outperforming the traditional financial market with a rise in global M2 supply. Bitcoin vs Global M2 supply. Source: Global Macro Investor The chart above shows that Bitcoin’s price is on the verge of decoupling from the traditional mark...

The CEO of a crypto recovery firm that claims to hold the secret to recovering more than $230 million in locked bitcoin says the company is still hoping to persuade its reluctant owner to accept its offer. The Crypto in question is allegedly stored on a ‘military-grade’ IronKey hard drive and is currently locked away in a Swiss vault. This type of drive gives users just 10 password attempts before self-destructing and rendering anything stored on it lost forever. The drive’s owner, Swiss crypto entrepreneur Stefan Thomas, has reportedly used up eight of these attempts. However, despite Seattle-based Unciphered saying it has cracked drives similar to this one in mere hours, Thomas has turned down its offer of help due to him already having a number of ‘handshake deals’ with other specialists. Unciphered CEO Eric Michaud spoke to Protos about the offer and how, despite receiving no response from an open letter to Thomas, it hopes to persuade him to trust its Technology . “We’ve do...

Zodia Custody, a crypto-security firm owned by Standard Chartered, launches its digital assets services in Hong Kong. “The Hong Kong government and the regulators want Hong Kong to be a hub,” according to Zodia’s CEO Julian Sawyer. Hong Kong distinguishes itself as an institutional-driven crypto market, with large transactions exceeding $10 million. The crypto security firm Zodia Custody, owned by the renowned British banking giant Standard Chartered, further solidifies its presence in Asia by launching in Hong Kong. This move marks Zodia’s latest venture following successful expansions in Japan, Singapore, and Australia earlier this year. Unlike many markets where retail customers often dominate the demand for digital assets, Hong Kong stands out as a hub where institutions are steering the crypto revolution. In a CNBC report, Zodia Custody’s CEO, Julian Sawyer, expressed his enthusiasm about this development, highlighting that “this is the ideal client...

Bitcoin holds higher BTC price levels into what looks to be a crunch week for crypto markets across the board. Bitcoin (BTC) starts a new week at comfortable highs as traders square off over BTC price action to come. As macroeconomic uncertainty continues to grow, Bitcoin is cementing its new trading zone above $30,000. The highest weekly close since early May 2022 is the latest achievement for bulls, and so far, bid support has allowed the market to avoid a deep retracement after last week’s snap 15% gains. How could the environment change for BTC/USD this week? As Bitcoin heads into the October monthly close, would-be volatility catalysts are brewing — not least thanks to the increasing geopolitical instability in the Middle East. Adding to the hurdles for risk assets to overcome is the United States Federal Reserve, which will decide on interest rate adjustments on Nov. 1. Under the hood, Bitcoin is looking better than ever, and the numbers prove it — network fundamentals are eithe...

VanEck strategy advisor Gabor Gurbacs expects a wave of new investment capital and immigration will push El Salvador’s economic growth in the coming years. El Salvador can follow Singapore’s lead and become a financial center in the Americas, according to  Gabor Gurbacs, strategy advisor of investment management firm VanEck. “I say often to portfolio managers and asset allocators that El Salvador has the potential to become the Singapore of the Americas,” Gurbacs explained in an Oct. 28 X post. Similar to what Singapore achieved in the late 1900s, Gurbacs expects new capital investment and immigration will be the main drivers behind El Salvador’s increased economic growth over the next few years. His comments follow an Oct. 28 post by United States broadcaster and Bitcoiner Max Keiser, which was captioned “Move to #ElSalvador, The New Land of the Free.” Keiser, who now lives in El Salvador, listed Bitcoin (BTC) and the U.S. dollar's legal tender status, a clean up in El Salvador...

When it comes to Sam “SBF” Bankman-Fried testifying in his criminal trial, Anthony Scaramucci is decidedly pessimistic, foreseeing a perilous path ahead for the FTX co-founder. Scaramucci believes that SBF’s decision to take the stand is a grave error, as he predicts that government prosecutors will subject him to relentless scrutiny and dismantle his defense. In an interview on October 25th, during CNBC’s Last Call, Scaramucci voiced his concerns, stating that the Department of Justice prosecutors will exploit every opportunity to highlight the inconsistencies in Bankman-Fried’s statements. Scaramucci’s conviction is that these contradictions will inevitably lead to an extended prison sentence for the beleaguered co-founder. In Scaramucci’s view, there’s no escape for SBF; he may have illusions of outsmarting the prosecutors, but they are seasoned professionals in this field. The former perception of Bankman-Fried as a benevolent and ...

Several households and stores have started to deck out in Halloween-themed decorations. The crypto currency community is similarly focused on predictions, particularly concerning Shiba Inu (SHIB). Despite a positive week for most crypto currencies, Shiba Inu has experienced notable gains. However, artificial intelligence (AI) algorithms are indicating a different trajectory for the price of this canine meme-inspired crypto currency as Halloween 2023 approaches. Utilizing AI-powered algorithms, the crypto analytics platform CoinCodex estimated Shiba Inu’s price to be $0.000007235 on Oct. 31, representing a 10.24% decrease from its value as of October 26. These AI-generated forecasts imply a potential decline in SHIB’s worth leading up to Halloween. Source Changelly, another platform, has indicated that SHIB will experience a 4.34% decline from its present value. According to their Analysis , SHIB is projected to be at $0.000007389 on Halloween. Also Read: Shiba In...

Litecoin (LTC) shows resilience with a 14% gain in 9 days, holding above $67 despite recent dips. A bullish pennant pattern emerges on the LTC/USD chart, hinting at a weekend breakout. Litecoin’s on-chain activity surges as whales awaken, setting the stage for potential triple-digit growth. Litecoin (LTC) has demonstrated indications of a bullish re surge nce, attracting the attention of investors and market experts alike. Consequently, Litecoin has gained 14% in value over the past nine days, with bulls keeping the price over $67. However, the previous 24 hours saw the LTC market dominated by a bearish hand, with the price sliding from an intraday high of $70.49 to an intraday low of $67.39 when support was created. Despite this brief setback, Litecoin’s overall favorable trend continues, with the cryptocurrency trading at $67.58 as of press time. During the dip, LTC’s market capitalization and 24-hour trading volume declined by 3.47% an...

Dogecoin skyrocketed to an all-time high of $0.73 in May 2021 at the peak of the cryptocurrency market bull run. DOGE took eight years to reach the target after its launch in December 2013. However, despite the rally with the support of Tesla CEO Elon Musk, Dogecoin failed to climb above the $1 milestone. The leading meme currency has been on a downward spiral since then and also added a ‘zero’ in the charts. Also Read: The 1 Cent Dream: Shiba Inu Must Rise 30% Every Year To Reach $0.01 Investors are losing hope that Dogecoin could never reach $1 or might take a long time to get there. In this article, we will highlight if DOGE could reach the $1 mark by the end of the decade in 2030. Dogecoin: Will DOGE Reach $1 By 2030? Source: Finbold All signals indicate that Dogecoin might not reach the $1 mark by the end of the decade in 2030. For DOGE to rally like it did in 2021, the meme coin requires unprecedented demand to overcome its supply increase. The global m...

Bitwise Invest has made certain changes to its application to register a spot Bitcoin ETF following comments from the U.S. Securities and Exchange Commission (SEC). Bloomberg Intelligence analyst James Seyffart reported on this on his Twitter account. UPDATE: @BitwiseInvest has submitted their amendment for their #Bitcoin ETF pic.twitter.com/8ByhlMvdMN — James Seyffart (@JSeyff) October 25, 2023 According to the expert, there are no significant changes in the filing . However, the company added its product ticker BITB. If the SEC approves ETF, it will trade on the NYSE Arca exchange. When asked whether this should be considered a definite signal, Seyffart replied that it is just an example of a dialogue between counterparties and the regulator. Not really. No. Just more progress and shows continued conversation between SEC and these filers. — James Seyffart (@JSeyff) October 25, 2023 Earlier this month, Ark Invest amended its joint application with 21Shares to reg...

Two U.S. elected officials wrote to the Department of Justice, calling for a concluded investigation on Binance and Tether that could lead to litigation against the pair of crypto heavyweights. Senator Cynthia Lummis, who sits on the Senate Banking Committee, cited an Oct. 10 Wall Street Journal (WSJ) report claiming that Hamas and its affiliate raised millions through cryptocurrencies.  The article in question and subsequent reports of the same ilk have since been refuted by blockchain data companies like Elliptic, per crypto.news. Lummis’ letter noted the likelihood of inaccuracies in WSJ reporting but insisted that the Justice Department exercise judicial might to counter crypto terror financing.  Though subsequent reports have highlighted that the level of funding reported in the article is likely not accurate we believe it is nonetheless imperative that the Department of Justice hold bad actors accountable if they are shown to facilitate illicit activity. Senator Cynthi...

An analyst predicted that XRP could hit $220 during its next bull run. At press time, XRP was worth $0.5505 after its price slightly declined by 0.01% in the past 24 hours. XRP’s daily RSI line was closing in on the daily RSI SMA line, suggesting that sellers are starting to take control. The cryptocurrency analyst, CryptoBull on X predicted yesterday that Ripple’s (XRP) price could surge to over $200 during the next bull cycle. The analyst based his prediction on the “Bottom-Retrace-Top Theory” together with XRP’s historical data and its performance during the previous bull run. #XRP went from $0.002 to $3.84 during its first major bullrun. We find that the bottom and the top line up with its retrace. If we follow the very same pattern this bullrun we could find XRP at $220. pic.twitter.com/Bimx3C5AAV — CryptoBull (@CryptoBull2020) October 25, 2023 During its first major bull run, XRP experienced a drastic price increase, rising from $0.003 to $3....

A Singapore court permitted the use of NFTs to attach legal court orders tokenized as an NFT to issue a freeze order. ​​Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights. In this week’s newsletter, read about how a nonfungible token (NFT) became a focus point in a Singapore court battle, learn about the importance of decentralized random ness in the Web3 gaming sector and find out why Universal Music Group is suing Anthropic over copyright infringement. Singapore court authorizes freeze order attached to wallets as soulbound NFT The Singapore High Court has allowed financial investigation firm Intelligent Sanctuary to attach NFTs containing a legal document to cold wallets associated with a hack, according to United Kingdom-based iSanctuary and local press accounts. A court-...

ARK Invest reduced exposure to cryptocurrency assets for two consecutive days. ARK’s Next Generation Internet ETF sold $1.8 million of Grayscale Bitcoin Trust (GBTC) shares and $1.7 million of Coinbase stock. On the previous day, ARK Invest sold $3.3 million in COIN shares and over 100,000 GBTC units. Cathie Wood’s ARK Invest continued reducing exposure to cryptocurrency assets for a second consecutive day on Tuesday. According to disclosures, the firm’s ARK Next Generation Internet ETF sold about $1.8 million worth of Grayscale Bitcoin Trust (GBTC) shares and $1.7 million of Coinbase Global Inc. (COIN) stock. This comes after ARK Invest reportedly sold $3.3 million in COIN shares and over 100,000 GBTC units on Monday, capitalizing on the recent crypto market rally. The active fund had loaded up on positions in both GBTC and Coinbase during the depths of the 2022 bear market. ARK trimming crypto exposure after bullish run ARK Invest...

XRM/USD keeps trading in a range Bearish momentum persists A stronger dollar pressures most cryptocurrencies Bitcoin rallied at the start of this week, triggering much-needed enthusiasm among crypto investors. However, the so-called “crypto winter” is still visible in other crypto markets, such as XMR/USD.  Monero failed to capitalize on Bitcoin’s strength. Some other times, whenever Bitcoin rallied, other cryptocurrencies followed.  Only this time is different. Therefore, one may argue that other cryptocurrencies lag and will jump, too, following Bitcoin’s lead. But another take is that Bitcoin gains will disappear, and a stronger US dollar will emerge.  One thing is for sure, though – Monero’s technical picture is not encouraging.  Monero chart by TradingView The one-year-long range keeps Monero at bay Monero’s underperformance this year might be viewed in two ways – one bullish and ...

Former Southern District of New York prosecutor Josh Naftali said Caroline Ellison, Gary Wang and Nishad Singh will probably skip time behind bars due to their cooperation with federal attorneys in United States v Sam Bankman-Fried. “it’s the exception, not the rule,” Naftali noted on TechCrunch’s Chain Reaction podcast, referring to witnesses serving time after testifying for the government. In a white collar case, where you’re a first time offender, as a cooperator , it’s pretty typical for the cooperating witness not to do actual jail time Josh Naftali, former prosecutor Naftali’s comments, backed by first-hand experience on the matter, correspond with prosecutor questioning and witness testimony during the criminal trial of FTX founder Sam Bankman-Fried. The three-star witness,  ex-CEO of Alameda Research Caroline Ellison, former FTX and Alameda CTO Gary Wang and Nishad Singh, who was chief developer at both firms, all signed plea deals in exchange for a 5K letter.  This ...