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1Bitget Daily Digest | BTC faces short-term drop, XRP ETF filed by WisdomTree2Cardano (ADA) Eyes Momentum for Its Next Big Move3After MicroStrategy, Another Company Announced That It Bought a Large Volume of Bitcoin! Here Are the Details
BTC breaks through $71,000, is a big market trend just around the corner?
BTC did not disappoint expectations. Around 6 AM this morning, the price once again broke through $70,000, briefly exceeding $71,000, with a 24-hour increase of over 4%, currently hovering around $71,000.
Chaincatcher·2024/10/29 12:00
ApeCoin Price Prediction for Today, October 28 – APE Technical Analysis
Insidebitcoin·2024/10/29 10:33
Grass Price Prediction: GRASS Surges 8% Amid Airdrop Controversy, But Traders Shift To This New ICO With 1,499% APY
Insidebitcoin·2024/10/29 10:33
Dogecoin Price Prediction: DOGE Pumps 15% As This New PEPE Upgrade Soars Past $23 Million In Presale
Insidebitcoin·2024/10/29 10:33
Bitcoin analysts forecast pre-election surge, warn of potential post-election sell-off
Bitcoin is poised for a potential increase in value as the U.S. elections on November 5 approach; however, analysts caution that a sell-off could follow.The largest digital asset by market capitalization is now trading just below the $69,000 mark, with just over one week to go before the U.S. presidential election on November 5.
The Block·2024/10/29 09:44
Ethereum mainnet issues drive users to Layer 2s and Solana, analyst says
Ethereum’s infrastructure limitations are leading users, applications, and capital to migrate to Layer 2 solutions and competing blockchains like Solana, an analyst said.Another analyst noted that liquidity fragmentation across Ethereum’s Layer 2 networks poses a risk to market efficiency.
The Block·2024/10/29 09:44
Bitcoin Could Reach $3 Million by 2050, VanEck’s Prediction Model Shows
BeInCrypto·2024/10/29 09:33
Flash
- 15:58TON launches Teleport BTC to enable Bitcoin cross-chain interoperabilityOn November 28, TON Foundation launched TON Teleport BTC, which introduced Bitcoin into the TON and Telegram ecosystem through tokenized Bitcoin tgBTC, allowing users to send and receive Bitcoin without the need for an exchange or custodian. TON Teleport BTC combines the security of Bitcoin with the scalability of TON to achieve efficient and low-cost cross-chain interoperability, and promote the application of Bitcoin in DeFi, including staking, lending, and liquidity mining, opening up more possibilities for Bitcoin in real-world financial scenarios.
- 15:56Ethereum core developers reached a preliminary consensus and planned to increase the Blob target/maximum value to 6/9PANews reported on November 28 that according to Ethereum protocol developer and Prysm maintainer Terence, the Ethereum core developer meeting (AllCoreDevs) reached a preliminary consensus and planned to increase the Blob target/maximum value from the current 3/6 to 6/9. The proposal aims to improve the scalability of Ethereum, but its specific implementation still needs to be verified by further testing and the results of the development network (Devnet). Blob expansion is part of Ethereum's Proto-Danksharding technology, which aims to optimize data storage and transaction processing efficiency.
- 15:56Analysts predict: Stablecoins may account for 10% of US M2 and foreign exchange transactionsPANews reported on November 28 that according to The Block, Standard Chartered Bank and Zodia Markets analysts predict that as the stablecoin industry gradually becomes legalized, its share in the US M2 money supply and foreign exchange transactions is expected to increase from the current 1% to 10%. Geoff Kendrick, head of digital asset research at Standard Chartered Bank, and Nick Philpott, co-founder of Zodia Markets, pointed out that stablecoin applications are expanding from trading collateral to cross-border payments, salary payments, trade settlements and remittances, especially in emerging markets such as Brazil, Turkey, Nigeria, India and Indonesia. YouGov survey shows that 69% of users use stablecoins for currency substitution, 39% for payment of goods and services, and another 39% for cross-border payments. Users prefer to directly hold tokenized assets such as the US dollar and other fiat currencies to reduce their reliance on bank accounts. The current total market value of stablecoins has hit a new high of US$190 billion, led by USDT (73%) and USDC (21%). Analysts believe that the new US government that is about to take office may accelerate the implementation of stablecoin regulation, injecting new impetus into the development of the industry. At the same time, the complex charging structure of existing banks and the SWIFT system may further promote the popularization of stablecoins.
