ITS Crypto - Invest/Trade/Strategy
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My name is Alex. I have 8+ years of experience using crypto, investments and trading. Here I will share my experience.

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Harris advocated for a regulatory framework for the crypto market

The presidential candidate says she wants to protect the interests of black citizens along with the interests of other market participants investing or owning cryptocurrency.

She also said she appreciates how new technology can expand access to banking and financial services.

ITS Crypto / Invest / Trade / Strategy
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Adobe Introduced AI Video Generator

Adobe has announced the launch of new AI features, including tools for video creation and editing.

The Generative Extend feature allows users to add frames at the beginning or end of a video, while other tools enable the creation of videos using text prompts and existing images.

The Adobe Firefly image generator has been updated to produce more diverse illustrations with improvements in detail, lighting, composition, and color.

Two new features have been added to Adobe Photoshop:

- Generative Workspace for quickly generating images and brainstorming multiple concepts through prompts;
- Adobe Substance 3D Viewer for working with 3Dโ€ฆ

๐Ÿ‘‰ Read More

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The Fear and Greed Index has added 17 points to reach 65 (greed) over the week

This is the maximum since July 2024.
It is associated with the growth of BTC above $65,000

ITS Crypto / Invest / Trade / Strategy
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Bitcoin could hit an all-time high in the next three weeks

That is, even before the US elections. Analysts at Standard Chartered report. The reasons cited are the increased chances of Donald Trump's victory, a significant inflow of funds into spot bitcoin-ETFs, as well as increased activity in the crypto derivatives market.

In turn, Bitwise showed the dynamics of bitcoin after the last US presidential election and hinted at a continuation of the rally in 2025, calling the current cycle โ€˜mainstreamโ€™.

ITS Crypto / Invest / Trade / Strategy
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JPMorgan Highlights Bitcoin Growth Drivers Until the End of the Year

JPMorgan analysts believe that the potential return of Donald Trump to the U.S. presidency and the need for protection against economic instability create favorable conditions for Bitcoinโ€™s growth in 2025. Experts noted that amid geopolitical tensions and the upcoming U.S. elections, institutional investors may focus on Bitcoin and gold, but not on Ethereum.

A Trump victory could not only provide regulatory support for Bitcoin but also lead to economic turbulence due to increased tariffs and government spending.

Other growth factors include:

- Morgan Stanley and other investment firmsโ€™ plans to offer clients spot Bitcoin ETFs;
-โ€ฆ

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Tether reported the growth of USDT users to 330 million.

Thus, over the last year the indicator grew by 9%, and the third quarter of 2024 was the best - 36.25 million users. In terms of networks, the L2 protocols Optimism, Arbitrum and Polygon showed the biggest growth. The TON blockchain integrated six months ago accounted for 3.3 million wallets.

However, the data does not include users who only use USDT on centralised platforms. According to Tether, we're talking about a few additional tens of millions of wallets.

ITS Crypto / Invest / Trade / Strategy
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Vitalik Buterin named the key task for Ethereum

Ethereum co-founder Vitalik Buterin considers the lack of a unified ecosystem to be the main issue facing the network at present. He made this statement at Shanghai Blockchain Week 2024, according to Colin Wu.

According to Buterin, the space built on the protocol currently resembles 34 separate blockchains.

As long-term goals for Ethereumโ€™s development, he outlined the following:

- achieving throughput of over 100,000 transactions per second (TPS) through Layer 2 solutions;
- completing cross-chain transactions in two seconds;
- creating a unified interface.

Buterin also emphasized the importance of improving the Ethereum Virtual Machine (EVM) and strengthening linkโ€ฆ

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Venture funding for cryptocurrency companies fell 17% in the third quarter

According to a report by Galaxy Digital. There were a total of 478 deals worth $2.4 billion.

ITS Crypto / Invest / Trade / Strategy
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Bitcoin at $500,000 by 2028

PlanB and his plan to which is already 5 years old. The renowned crypto analyst is still confident in this forecast from June 2019 (BTC was valued around $8900 at the time).

ITS Crypto / Invest / Trade / Strategy
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Cryptoquant analysts report that whales are now actively accumulating more and more BTC

Most likely to expect a price spike.

ITS Crypto / Invest / Trade / Strategy
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SEC Requests Review of Ripple Case

The U.S. Securities and Exchange Commission (SEC) has requested a review of the Ripple case, submitting a preliminary appeal (Form C). This concerns previous court rulings related to the distribution of the XRP token.

Initially, in December 2020, the SEC accused Ripple of selling unregistered securities worth $1.3 billion through XRP. Rippleโ€™s CEO Brad Garlinghouse and co-founder Chris Larsen were also named as defendants in the case.

In July 2023, Judge Analisa Torres ruled that programmatic sales of XRP were not considered investment contracts. However, large sales of the token violated U.S. securities laws. The SECโ€™s initial appeal wasโ€ฆ

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The ethOS developers have unveiled dGEN1

This is a hardware device optimised to work with decentralised blockchain applications.

The development includes a browser and a built-in cryptocurrency wallet, equipped with a specialised screen that shows transaction notifications and metadata during interactions with the network.

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SEC Approves Options Trading for Bitcoin ETFs

The U.S. Securities and Exchange Commission (SEC) has approved options trading for spot Bitcoin ETFs on the NYSE and CBOE exchanges. The approved funds include Fidelity Wise Origin Bitcoin Fund, ARK21Shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF, Franklin Bitcoin ETF, and others.

Bloomberg analyst Eric Balchunas commented that while this decision wasnโ€™t entirely unexpected, itโ€™s still a positive development. He pointed out that a similar approval for Nasdaq came in September, but โ€œthe SEC has been a significant hurdle, and now weโ€™re seeing progress, although the exact listing date remains unclear.โ€

Earlier in January, the regulator approved all 11โ€ฆ

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Coinbase has integrated the ZetaChain core network into its ecosystem

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Pump Fun plans to launch a native token

Approximate dates have not been named at the moment.

The team also announced Pump Advanced trading terminal with advanced features for advanced users and 0% commission in the first month.

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Public Bitcoin Minersโ€™ Hashrate Reaches Record 28.9%

The hashrate of fourteen U.S.-listed mining companies reached 28.9% of the total in October, according to JPMorgan reported by CoinDesk.

Since the beginning of the year, these firms have increased their hashrate by 70%, from 114 EH/s to 194 EH/s, while the total network hashrate grew by 33%.

Since the last halving, the share of public miners has grown by 8%, highlighting their โ€œefficiency and financial advantages.โ€

Experts estimate that since the beginning of October, the hashrate has risen by 4%, while the hashprice has increased by less than 1%.

The market capitalization of these companies grew by 7%,โ€ฆ

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โ€‹ ๐Ÿšจ FOMO Alert ๐Ÿšจ

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13 years ago The Economist published an article "The bursting Bitcoin bubble"

The piece focused on Bitcoin's precipitous fall from $33 to $2.51. Since publication, BTC has risen more than 27,000 times.

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Bill Miller, founder of Miller Value Partners, on the purchase price of his BTCs

He said he bought his first coins at $200, and the average entry price from 2012 to 2024 is about $700.

Miller believes bitcoin is the only economic unit whose supply does not depend on demand or price, unlike traditional assets and precious metals.

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