October 23 Bitcoin will lead the future of capital markets Post time: 11:55h At Bitfinex Securities Leah Rodriguez By Jesse Knutson, Head of Operations, Bitfinex Securities As financial institutions continue to ramp up their tokenization efforts, many, including Blackrock, have been quick to assume that Ethereum will dominate the space. However, I believe that Bitcoin, with its superior security model and new programmability, is indeed poised to become the foundation of the next generation of capital markets. It is true that Ethereum took an early lead in real asset (RWA) tokenization. According to RWA.xyz, the total value of RWA on…
Author: Crypto Flexs
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Ethereum’s native token, Ether (ETH), continues to lose strength against Bitcoin (BTC), with the ETH/BTC pair sitting at around 0.0365 BTC as of October 25, its lowest level since April 2021.ETH/BTC daily price chart. Source: TradingViewDisappointing exchange-traded fund launches and increased competition from smart contract rival Solana have dampened trader interest in Ethereum in 2024. These factors could continue to put downward pressure on ETH/BTC in the coming months, and technical indicators could also suggest this.ETH price could fall another 15%. Ethereum’s continued price decline appears to be the breakdown phase of the typical IC&H (Inverted Cup and Handle) pattern.After…
The altcoin linked to security-focused cryptocurrency wallets outperformed the broader cryptocurrency market, surging more than 43% in one day. Safe (SAFE) is a smart contract wallet that runs on multiple blockchains. The project’s native token, SAFE, is trading at $1.36 at the time of this writing, up from about $0.95 on Wednesday. The 124th-largest cryptocurrency asset by market capitalization also rose nearly 55% last week and more than 74% last month. In comparison, the overall cryptocurrency market cap increased by 1% in the past day, according to CoinGecko. Danilo Pereira, head of product marketing at Safe, points out that the…
just alvin October 25, 2024 07:09 NVIDIA introduces Morpheus to streamline the security operations center by integrating AI for accelerated alert triage and enhancing SOC efficiency and security with LLM agents. Security operations centers (SOCs) are flooded with alerts every day, forcing analysts to sift through countless false positives to identify real threats. According to the NVIDIA Technology Blog, NVIDIA addresses these challenges with Morpheus, an AI framework that aims to accelerate alert triage and strengthen security measures. NVIDIA Morpheus and Digital Fingerprinting Morpheus focuses on high-speed data streams and leverages GPU acceleration for…
SAFE soared 76% in 24 hours, breaking a months-long decline on strong trading volume. Although social dominance has risen sharply, overbought indicators and price differentials require caution. SAFE It broke from a months-long downward trend and surged more than 76% in just 24 hours. At press time, SAFE was trading at $1.66, demonstrating a significant increase in investor confidence. In addition, the market capitalization soared 76.69%, increasing the company value to $770.48 million. Trading volume increased by an impressive 9981.24%, indicating increased interest in the token’s performance recently. These numbers highlight the strength of the current breakout. But traders are…
Bitcoin (BTC) rose 3.8% between October 23rd and October 25th, facing resistance at $68,700, but will there be enough bullish momentum to push the price into the $70,000 range? Recent interest rate cuts by the Federal Reserve have increased investors’ risk appetite, but Bitcoin’s ability to surpass the $70,000 threshold will likely depend on four key drivers.Bitcoin/USD. Source: TradingViewLimiting factors include global economic uncertainty, high mining sales pressure and concerns about low hashrate profitability, the potential regulatory impact of the US election results, and large Bitcoin holdings on exchanges.Amid global economic uncertainty, investors remain cautious. Bitcoin has established itself as…
Eric Balchunas, an ETF analyst at Bloomberg Intelligence, said the filing on Oct. 25 to list an alternative cryptocurrency exchange-traded fund (ETF) in the U.S. is a “call option on a Trump victory” in the upcoming presidential election. said.“If (former U.S. President Donald) Trump wins (…) he will definitely appoint a more liberal (Securities and Exchange Commission) chairman,” Balchunas said at the Plan B Forum conference in Lugano, Switzerland. “So if you see Trump winning, watch this space, and if you see (Kamala) Harris winning, forget about it for a few years,” Balchunas said. Eric Balchunas speaking at the Plan…
Yorg Healer October 25, 2024 07:40 The Valley ecosystem will change the game on GalaChain through new arcade-style games and reward systems and enhance player engagement through unique decentralized applications. According to Gala News, the Valley ecosystem is making significant progress in the blockchain gaming sector by leveraging GalaChain. With a deep-rooted history in gaming, the ecosystem is poised to revolutionize the gaming experience through unique on-chain applications. The foundation of the valley ecosystem Originating from the creators of the Happy Valley Arcade Bar in Beacon, New York, Valley Ecosystem is creating a network…
According to a document filed by Microsoft (MSFT) with the U.S. Securities and Exchange Commission (SEC) on October 24, an unexpected item was included in the agenda for its annual shareholders meeting scheduled for December 10. Along with routine votes on things like election of directors, ratification by independent auditors, and reporting on AI misinformation, one proposal stood out: a “Bitcoin Investment Assessment.” Interestingly, Microsoft’s board recommended shareholders vote no. Microsoft’s Cash Position and Potential Bitcoin Price ImpactAs of its Q2 2024 financial report, Microsoft has $76 billion in cash and equivalent assets. If shareholders pressured the company to allocate…
Solana has achieved records in terms of real economic value. Memecoin activity pushed metrics through Ethereum. REV is the core of Solana’s security and decentralization. Solana has seen significant growth this year, driven by the explosive growth of memecoins on the chain. As memecoin activity picks up again, Solana has hit all-time highs in key indices. Memecoin trading volume is impacting the indicator by increasing Solana’s fees. In particular, the real economic value of the Solana network has reached an all-time high, even surpassing that of Ethereum. Solana surpasses Ethereum in real economic value Thanks to surging memecoin activity, Solana…