VanEck predicts that Solana (SOL) could reach a price target of $3,211 by 2030 if it manages to gain dominance over Ethereum (ETH) and achieve Ethereum-like market shares.
Shiba Inu developers are preparing to launch a groundbreaking SHIB identity on the blockchain, further enhancing the utility of the SHIB token and aiming to create a self-custodial identity and a consistent digital identity across all Shiba projects.
Bitcoin's recent surge in value and potential for future growth make it an appealing investment due to its scarcity, endorsement by influential figures, and upcoming catalysts such as the introduction of Bitcoin spot ETFs and the halving event in 2024.
Brad Garlinghouse, CEO of Ripple, criticized former SEC Chairman Jay Clayton for his comments on the SEC's approach to litigation, calling out his hypocrisy for initiating the lawsuit against Ripple while suggesting the regulator should only pursue cases that would pass judicial scrutiny.
Injective (INJ), a decentralized finance (DeFi) altcoin, is predicted to surpass the wider crypto markets and reach its all-time high of $24.89, according to analysts. However, some analysts caution that INJ is approaching key resistance levels and may experience a corrective move.
Ripple CEO criticizes former SEC Chair's remarks on regulatory approach, highlighting the hypocrisy of the agency's actions against Ripple.
The increase in U.S. Treasury yields and the exponential growth in Washington's balance sheet are leading to a rally in bitcoin and other crypto products, signaling a potentially ominous sign for the U.S. national debt and raising concerns similar to those faced by Japan.
Institutional investment in Bitcoin is surging, with Bitcoin exchange-traded funds (ETFs) and other investment vehicles experiencing record inflows as anticipation of US regulatory changes grows.
Blockchain analytical firm Nansen has reported that around $60 million in digital assets linked to the defunct FTX Exchange and Alameda Research have been transferred to Coinbase and Binance over the past week.
A deluge of capital is expected to flow into Bitcoin once regulators approve a spot-based BTC exchange-traded fund (ETF), potentially propelling the cryptocurrency to new heights, according to co-founders of Glassnode.
El Salvador has the potential to become a financial center in the Americas, similar to Singapore, with new investment capital and immigration driving its economic growth, according to Gabor Gurbacs, strategy adviser of VanEck.
New data reveals that the majority of holders of Shiba Inu (SHIB) and Floki are still in the red, with 79% of SHIB holders and 65% of Floki holders currently underwater.
### Summary Sam Bankman-Fried, former CEO of FTX, denies any wrongdoing in his ongoing criminal trial, Google searches for "buy Bitcoin" surge 826% in the UK, the US court issues a mandate for the Grayscale ruling, Coinbase argues that the SEC overstepped its authority in classifying cryptocurrencies as securities, and Gemini files a lawsuit against Genesis over the fate of $1.6 billion worth of Grayscale Bitcoin Trust shares. Meanwhile, Bitcoin is at $34,143, Ether at $1,789, and XRP at $0.54.
Bitcoin has entered the initial stages of a bull market cycle, as indicated by the market-value-to-realized-value (MVRV) ratio, according to crypto analytics firm IntoTheBlock.
US Senator Cynthia Lummis is calling on the Department of Justice to press criminal charges against Binance and Tether over allegations of financing illicit activity, despite subsequent reports suggesting the initial funding claims were inaccurate.
Sam "SBF" Bankman-Fried testified in his criminal trial, denying wrongdoing while acknowledging mistakes, including not implementing requested hedging strategies and denying directing political donations, but acknowledging the role of lobbying in his regulatory efforts; the defense is expected to conclude its examination on October 30th.
CryptoRobotics is a trading platform that offers automated trading, copy trading, and trading signals while fostering a community-driven approach to unite traders and investors.
JPMorgan's flagship cryptocurrency, JPM Coin, is now processing over a billion dollars' worth of transactions daily, addressing inefficiencies in the payment sector including speed, the separation of money information, and the fungibility of money.
The US Central Bank is considering the creation of a digital dollar in response to the development of BRICS Pay, highlighting the need for continued learning and experimentation in the area of digital finance.
Crypto lender BlockFi has emerged from bankruptcy and is now allowing customers to withdraw assets from their wallets, while also seeking to recover assets from firms that owe it money, such as Three Arrows Capital and FTX. Meanwhile, Ledger has launched its cloud-based private key recovery tool despite previous criticism, and Worldcoin plans to phase out USD Coin (USDC) payments to its Orb operators in favor of its native token, Worldcoin (WLD).
Bitcoin analyst Kaleo believes that BTC has decoupled from the stock market and has more potential to rise, with a likely scenario being a move to the next main resistance supply area of $40,000, although he also cautions that a downside crash similar to March 2020 is still a possibility.
Crypto impersonation scams involve fraudsters pretending to be reliable individuals, exchanges, or services to trick users into sending cryptocurrencies or disclosing personal information, and they can be recognized and defended against by being vigilant, confirming legitimacy, avoiding unrealistic offers, and implementing security measures. Multisignature wallets provide an effective defense against impersonation scams by requiring multiple authorizations for transactions and allowing for personalized security settings. It is important to report crypto impersonation incidents to the appropriate platforms, financial authorities, law enforcement organizations, and anti-fraud organizations to help combat these scams.
Tiffany Fong, a crypto content creator, has had a unique inside perspective on the criminal trial of FTX founder Sam Bankman-Fried and has built a friendship with him, documenting their interactions through social media while sharing leaked documents and recordings.
Five Star Pizza in Colon, Michigan has become the first pizzeria in the region to accept Bitcoin Lightning payments, inspired by the impact of Bitcoin in El Salvador.
The Gaza Strip experiences a complete blackout of internet connectivity amid the Israel-Hamas conflict, while disinformation about the Maine shooting floods social media and a cryptominer named StripedFly is found to be part of a state espionage program.
Google's $2 billion investment in AI firm Anthropic may lead to the recovery of FTX's bankruptcy, according to hedge fund manager Travis Kling, but others are skeptical of the potential return on investment.
The United States government plans to go after cryptocurrency firms that fail to prevent terrorist organizations from using crypto for illicit financial flows, according to Wally Adeyemo, the U.S. deputy Treasury secretary, in response to a report that terror groups raised over $130 million in crypto; however, there is debate over the actual role of cryptocurrency in funding terrorism.
Elon Musk revealed plans to expand the financial services arm of Twitter, now rebranded as X, to compete with banks and payment platforms like PayPal, potentially driving widespread adoption of cryptocurrencies.
Prices rallied for the second week in a row as speculation grows about the launch of a Bitcoin spot ETF by BlackRock, while other companies have also filed applications with the SEC.
Bitcoin's recent bull run driven by the Exchange-Traded Fund (ETF) has resulted in a surge in transactions over $100,000, indicating increasing institutional interest, and experts predict further price growth following the approval of a spot Bitcoin ETF by the SEC.
Asset management company VanEck has predicted that the price of Solana's SOL token could soar to $3,211.28 by 2030, a 10,600% increase, and outlined a scenario where Solana becomes the first blockchain to accommodate over 100 million users.
Solana (SOL) is predicted to have a breakout and outperform Ethereum (ETH) and Bitcoin (BTC), according to a crypto analyst using the Elliot Wave Theory.
Stuart Alderoty, the chief legal officer of Ripple Labs, and members of the XRP community have shown support for SEC Commissioner Hester Peirce's dissenting statement against perceived injustice in the LBRY lawsuit, suggesting the possibility of submitting an amicus brief to address the issue.
XRP price rallies 20% but faces a potential trend reversal, with a spike in whale transactions suggesting an incoming pullback.
The Wall Street Journal partially corrected an article that wrongly claimed Hamas and other militant groups were funding terrorism activities with cryptocurrencies, with the correction stating that only $450,000 of the cited funds were sent to a known terrorism-affiliated wallet, leading to calls for US Senator Elizabeth Warren to retract a letter citing the misinterpreted data.
A market intelligence platform predicts that certain altcoins, including Polygon, Decentraland, Fantom, and Pepe, will continue to see price increases and network growth as traders shift their focus to Bitcoin and Ethereum, signaling the potential for a bull market.
Google is investing $2 billion in Anthropic, the creators of Claude AI, in a significant increase from their previous investment and as part of the ongoing AI competition with Microsoft and Amazon.
Bitcoin surged by over 14% in the past week, reaching a high of $35,000 and maintaining a 30% increase over the last two weeks.
Sam Bankman-Fried testified that he had intended to sell FTX to Binance when the cryptocurrency exchange was still in its early stages, as he believed FTX's specialization in margin trading would appeal to Binance; however, Binance backed out of the potential acquisition.
Billionaire Elon Musk plans to launch comprehensive financial services on the social media platform X by the end of 2024, which has sparked excitement among Dogecoin holders.
Bitcoin has shown strong technical performance and could reach $45,000 to $60,000 as long as it remains above the $30,000 level, according to Michele Schneider, Chief Strategist at Marketgauge.com. However, Coinbase, which experienced significant losses last year, is currently facing resistance but could target $114.
Elon Musk plans to transform X into a full-fledged finance platform within a year, eliminating the need for a bank account, according to reports.
A total of $37.56 million is being distributed through guaranteed income programs in Los Angeles and Paterson, New Jersey, aiming to provide financial assistance to individuals and families below the poverty line.
FTX CEO Sam Bankman-Fried testified at his trial that he declined requests for help from Digital Currency Group's Genesis and Celsius, both of which eventually faced financial difficulties and bankruptcy.
Cross-chain protocol LayerZero's new bridged token, wstETH, is facing criticism from nine Ethereum protocols for its vendor-locked proprietary standard, limiting the freedom of token issuers and posing systemic risks.
The cryptocurrency market remained flat as Bitcoin reached its highest price since May 2022, while stocks traded with a downward trend due to rising inflation, prompting speculation that the Fed may need to raise interest rates further; altcoins ended the week mixed.
Cryptocurrency exchange Kraken will suspend transactions for Tether, Dai, Wrapped Bitcoin, Wrapped Ether, and Wrapped Axelar in Canada starting from November, following recent regulatory changes in the country.
Cryptocurrency exchange Gemini has filed a lawsuit against Genesis Global Holdco over the fate of shares worth $1.6 billion used as collateral for loans made by Gemini users, with Genesis refusing to release the proceeds from foreclosing on the collateral.
Binance CEO Changpeng Zhao lost $12 billion as trading volumes declined, while Gemini sued their former partner Genesis for $1.6 billion worth of Grayscale Bitcoin Trust shares amid regulatory challenges and low trading volumes in the cryptocurrency industry.
Strategists at Wells Fargo Advisors predict that the US could develop and release a central bank digital currency (CBDC) within the next three to five years, as the country studies the potential of a CBDC following an executive order from President Joe Biden. The analysts note that while there is no formal CBDC design yet, the debate over a potential US CBDC will continue to grow, particularly in relation to privacy concerns.