๐Ÿ”ฅCrypto News - Crypto World
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Welcome! Here you will find the latest news about the crypto industry๐Ÿ’ฐ

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๐Ÿ‘‹ Decided to make a super useful selection of channels for you, each of which will close the need to keep up to date with everything that is happening in the world of cryptocurrencies:

โœ… ITS CRYPTO - Invest/Trade/Strategy โ€” the ITS team shares their trades, portfolio and trading strategies, and you will also find tutorials here.

โœ… Sigma crypto chad โ€” the author of the channel has 12 years of trading experience and a stellar cryptocurrency team, here he shares savvy ideas and trades.

โœ… Crypto Vestor - Crypto Trends โ€” a channel about cryptocurrency and finance, where there is always the latest news, analytics and tips for successful investing in digital assets and financial markets.
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Highlights of October๐Ÿ—“

Highlights:
- Listing Cats for those who have been farming.
- The opening of a steakhouse at Babylon.
- Lunch of deBridge token on Jupiter Launchpad.


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BTC price approached the $64,000 mark

The uptrend continues amid positive data on the US labour market, as well as expectations of another Fed rate cut in November, the probability of which is 97.2%.

Also an important driver is the decline in the volume of digital gold on centralised exchanges, indicating a reduction in potential pressure on the market.

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UAE abolishes VAT on cryptocurrency transfers and conversions ๐Ÿ˜ฎ

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EIP-7781 could increase Ethereum network bandwidth by 50 per cent

The idea is currently under review.

We understand that if approved, blocks would be created every 8 seconds instead of 12, which would also increase the capacity of blocks, a data structure that is used to reduce fees on L2 networks.

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Major unlocks of crypto assets for the next 7 days ๐Ÿ”’

Among them:SOL, WLD, TAO, AVAX, SEI, NEAR, DOT, DOGE, SUI, FIL, BEAM.

The total value of the coins released to the market will exceed $450 million.

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๐Ÿ’ช BTC continues to lead the way in investment attractiveness in 2024

โ€˜Although bitcoin's correlation with equities has increased, recent performance is still low. This means that digital gold offers significant diversification benefits for multi-asset portfolios,โ€™ said the company's analysts.


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CoinShares notifies outflows from cryptocurrency investment products last week

Capital outflow totalled $147 million amid deteriorating investor sentiment. Bitcoin-based investment products were the leader in outflows, with $159 million withdrawn.

Capital outflow from investment products based on Ethereum amounted to $28.9 million. Investment products based on SOL, XRP and other altcoins saw a small inflow of funds.

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Judge approves FTX bankruptcy plan โšก๏ธ

This gives the bankruptcy plan a chance to compensate customers. Under the plan, 98% of creditors will receive at least 118% of their claims in cash.

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A group of hackers are leaving TON for other blockchains ๐Ÿ™‚

Dudes who have been stealing cryptocurrencies from TON wallets say, "TON doesn't have many whales and it's bad for their business," so they're moving to other blockchains.

Now they are favoring BTC for thefts.

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๐Ÿ• Over the week, large holders accumulated 2.07 billion DOGE

Which is the largest since January, IntoTheBlock analysts noted.

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JPMorgan analysts identify key catalysts for shaping the crypto market outlook

๐Ÿ—ฃ Seasonal "Uptober" trend
๐Ÿ—ฃ Fed rate cuts
๐Ÿ—ฃ Ethereum "Pectra" update

However, they added that the market remains sensitive to macroeconomic factors, waiting for a clearer catalyst for sustained growth.

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ZachXBT helped return $275,000 in crypto to an elderly American woman ๐Ÿ‘

A woman was defrauded by Indian scammers posing as Coinbase support in April this year - the funds have already been seized and will soon be returned to the owner.

The crypto detective also added that this criminal group stole and laundered at least $5,000,000.

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๐Ÿšซ Binance delist and automatically convert a number of cryptocurrencies to USDC

Among them: Tornado Cash (TORN) and Waves (WAVES).

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Arthur Hayes has released a new essay titled "PvP"

Key talking points:

โ€ข Most CEX exchanges charge between $250,000 and $500,000 in stablecoins, with some exchanges requiring up to 16% of the total token supply.

โ€ข Binance has developed an ingenious strategy - the exchange charges up to 8% of the total token supply, and requires projects to buy $5 million worth of BNB and place those coins as a deposit.

โ€ข Listing on the major exchanges in 2024 does not guarantee a token price increase - regardless of the exchange, tokens are not pummeled right now. Cryptocurrencies launched this year have performed poorly for retail investors.

โ€ข Projects are launched at too high valuations - to become attractive, they have to lower their valuations at launch by 40-50%.

Crypto News - Crypto World
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๐Ÿ‡บ๐Ÿ‡ธ America's government has received authorization to sell 69,370 BTC linked to Silk Road trading platform

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๐Ÿ” L2 network Scroll has announced the launch and airdrop of the SCR token

The snapshot will be made on the 19th of October and the distribution is scheduled for the 22nd of October.

The total issuance will be 1bn SCRs.

SCR will act as a management token, but will "evolve" to a utility asset in the future.

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