🗓 Uptober is still on

CryptoQuant analysts reminded that over the past 6.5 months, the maximum average Bitcoin drop was 10% (excluding August, when the price fell by 22%).

🔽The current drop is 7%.

"Just because Uptober started off poorly doesn’t mean it will end the same way."

Additionally, growth traditionally begins in the second half of the month—starting from the 19th.

U.S. inflation numbers are out:

⚫️ CPI: 2.4% YoY, 0.2% MoM
⚫️ Expected: 2.3% YoY, 0.2% MoM

Slightly higher than forecasted—keep an eye on how this might impact the markets! #Inflation #CPI #Finance

What do I do if I lose a seed phrase?

It’s a common yet critical question. After losing a recovery phrase, people panic and don’t know what to do next.

We can suggest two things:

1. Any noncustodial wallet you are authorized to use has a backup function: You can find it in the settings, and the wallet will show you the seed phrase.
2. If you don’t know where the piece of paper on which you wrote the seed phrase is, it’s best to withdraw all your crypto to a newly created wallet and keep those 12 sacred words more carefully from that moment on. If you’re sure it is destroyed (for example, it was eaten by your cat or mangled by your child), then it’s okay. Just restore it directly in your wallet and continue using this address.

But if you’re logged out of your wallet and have no idea where you’ve placed your piece of paper, that’s when you have serious problems😬

✅Cryptocurrencies look to offer several benefits over traditional money.

➡️These include:

➡️Speed: With cryptocurrencies, sending money – or value – across regions or continents happens in a few minutes. This trumps traditional cash, which takes hours to days in some cases.

➡️Security: Cryptocurrencies run on blockchains, which are distributed and decentralized. Since they are not centralized, there’s no single point of failure. This makes the blockchain harder to corrupt or hack.

➡️Censorship-resistant: Anyone can use cryptocurrencies. They offer users financial freedom. No government or central authority can censor or reverse a transaction once it’s completed

Scroll was listed on the Binance premarket

The token has been trading in the range of $1.05 to $1.20 for almost the entire time since listing. At the time of writing, the value of the asset is approximately $1.15, with a capitalization of $1.15 billion.

👺 Vitalik Buterin yesterday sold off 8 meme tokens received from developers as a donation (including a named VITALIK):

- 10 billion MOODENG ($982,000) for 395.95 ETH
- 200,000 MSTR ($231,000) for 93.23 ETH
- 500 million EBULL ($183,000) for 73.79 ETH
- 15 mln POPCAT ($67,200) for 27.11 ETH
- 31.4 trillion FWOG ($55,900) for 22.53 ETH
- 20 billion MILO ($51,400) for 20.75 ETH
- 500,100 TCATI ($31,800) for 12.81 ETH
- 201.9 million VITALIK ($13,600) for 5.49 ETH

In total, 651.6 ETH for $1.62 million was raised

🐶Bloom has officially launched the DOGS dropdown

Only active players who log into the project daily, participate in quests and invite friends will receive DOGS tokens

Requirements may change in the future depending on the cryptocurrency and specific drop

🇺🇸 Trump Effect Sparks Crypto Fund Inflows! 🚀

From October 6 to 12, crypto funds saw inflows of $407M, reversing the $147M outflow from the previous week, according to CoinShares. 📊

Experts say it’s not macroeconomic data or Fed policy driving this shift—it's the growing odds of Trump winning the US presidential race. 🗳 With Trump pulling ahead of Kamala Harris, investors are betting on his pro-crypto stance bringing better days for digital assets. 💸

Looks like the bulls are rooting for Trump! 🐂

The Lindy Effect Explained

The Lindy Effect suggests that the longer something has been around, the more likely it is to last even longer. Originally coined at Lindy Deli, this concept applies to various fields, from technology to finance, where time-tested things tend to outlive newer alternatives.

Here’s how it works:

- Technology: Older, established technologies are likely to remain relevant longer.
- Finance: Proven, long-term investment strategies often outlast trendy, short-lived options.
- Culture: Classic art, literature, and music continue to thrive due to their enduring impact.

Someone just bet over $1 million that Trump will lose the election! 💸

On the crypto betting platform Kalshi (Polymarket's competitor), a mysterious trader placed more than $1 million on Trump losing the upcoming election.

Insider info or just strong faith in Kamala Harris? 👀 While everyone’s guessing, it looks like Trump has found another opponent… this time in the crypto space. 😅

🔥 JUST IN: 🇩🇪 Samson Mow speaks at the German Bundestag telling MPs about #Bitcoin💰 adoption for nation states.

SAYLOR: 🪙 “My view is Bitcoin is gonna appreciate 29% a year, ARR for the next 21 years.”

CEO of Microstrategy is super bullish on Bitcoin!

🤭 On this day, 13 years ago, The Economist ran an article titled:

“Bitcoin's bursting bubble: the world's most famous digital currency is in trouble”.

The reason for this “smash piece” is the coin's fall from $33 to $2.51