CryptoQuant: Some altcoins with real value are not growing due to regulatory hurdles.
They can generate revenue but do so very cautiously.

For example, if Uniswap's fee switch were activated, its treasury could hold $314M. Currently, $408M worth of $UNI is held on centralized exchanges. If the treasury were used for buybacks, prices could potentially surge 10x-100x, depending on the order book depth.

In 2024, 285 days have passed. If a Bitcoin bull market does not occur in the next 14 days, this will be the longest sideways trend in a six-month period in history.

In recent months, the transaction volume on Base has grown to 40-60% of the total volume among the three Layer 2 blockchains.

Santiment: Yesterday saw a significant increase in discussions about memecoins, driven by the rise of coins like Dogecoin and Bonk.

Markets typically correct when the focus shifts from top-tier assets to more speculative ones driven by greed. Unsurprisingly, we're seeing market-wide drops today.

MatrixOnTarget - Oct 18 report:
The $70,000 year-end target for Bitcoin is likely too conservative.

Miners' revenues have risen to a two-month high amid the recovery of BTC prices — Glassnode.
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BTC mining profitability increased in October after three consecutive months of decline — JPMorgan

The Bitcoin average profitability index currently stands at 202%, indicating that the price exceeds the realization price by two times. When the index rises above 300%, investors are likely to start actively taking profits.

U.S. Dollar Index $DXY

Cryptorank: Top 7 Layer 2 (L2) blockchains by active addresses over the past 30 days.

Tether has published a statement on its website addressing The Wall Street Journal. Company representatives described the journalists' publication about the investigation against Tether as "irresponsible," calling the accusations baseless and based on rumors and unnamed sources.

The WSJ article deliberately ignores documented facts of Tether's cooperation with law enforcement and instances of criminal wallet blocking, Tether noted.

MicroStrategy has grown by 1,711% since adopting Bitcoin in its corporate treasury, compared to the S&P 500, which grew by 75.5%, and Microsoft, which grew by 112%.

Upcoming Token unlocks in November

🇺🇸 Florida's Chief Financial Officer announced that the state holds $800 million worth of Bitcoin on its balance sheet.

Swift, UBS Asset Management, and Chainlink successfully completed a pilot project connecting tokenized assets to traditional payment systems.

Another all-time high in open interest for Bitcoin futures! The majority are in LONG positions.

Bitcoin is in 8th place among global assets.

Tonhub Launches Visa Debit Card for Its Users

Tonhub, a non-custodial wallet for storing and using the TON cryptocurrency, continues to expand the possibilities of Web3!

Users can now apply for a Visa card directly within the app, linked to their TON or USDt balance, and make payments seamlessly via Apple Pay and Google Pay.

At Tonhub, your account isn't just a bank record but a smart contract connected to your wallet on the TON blockchain. You own your funds and manage them directly, elevating your crypto wallet to the level of a neobank.

Key Benefits of the New Card from @tonhub:

▪️ Registration in just a few minutes — quick KYC procedure.
▪️ Minimal fees — only 1.5% per transaction.
▪️ Global payments — all the advantages of a fiat debit card (including SEPA and SWIFT transfers).
The project was realized in collaboration with the Holders platform, specializing in issuing non-custodial cards.

Currently, the service is available only to users with a European ID.

By 2025, there are plans to expand card availability to users in CIS countries, Latin America, and the Middle East, as well as integrate the service with wallets like TrustWallet, TonKeeper, and MyTonWallet.

Try out Tonhub and discover the possibilities of Web3 payments.

Bitcoin - Days over 90K

1 day!

MSTR has grown by more than 500% since the beginning of the year.