Shiba Inu on Verge of Exiting Trillionaires Club, Max Keiser Claims XRP Rally Never Going to Happen, Bitcoin Ships Major Core 28.0 Update: Crypto News Digest by U.Today
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Aurelia Butler
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Bullish Bitcoin Halving Impact Yet to Play Out, Says Top Analyst
Given recent trends, CryptoQuant analyst J.A Maartunn has shared an analysis that hinted at the potential rally of BTC moving forward.”Hash Rate is one of Bitcoin’s most fundamental metrics. It measures the amount of computing power being contributed to the Bitcoin network, expressed in TH/s. Currently, it sits at an impressive 683 million TH/s,” he said in a post on X.He also highlighted the sustained efforts of current Bitcoin miners to get in the game despite the challenges associated with mining the coin. This resolute pursuit of the remaining Bitcoin in circulation is one reason why he is bullish in the long term.Companies around the world are making many gestures in line with their trust in Bitcoin’s price trajectory. Metaplanet has once again topped its bag with over 100 BTC, the same amount it has done over the past few months.Besides direct acquisition, institutional buyers are also gaining exposure to BTC through spot Bitcoin ETF products in the U.S., the U.K. and Hong Kong, among other places.This article was originally published on U.Today More
Bitcoin (BTC) Saved: Analyst Benjamin Cowen Explains Why
According to Cowen’s outlook, Bitcoin is likely to avoid a more significant retracement as long as it stays above this band. The 20-week simple moving average (SMA) and the 21-week exponential moving average make up the bull market support band, which is an important level that represents the overall sentiment of the market. Throughout past bull runs Bitcoin has frequently rebounded from this area, indicating that a correction is complete and that additional upward momentum is probably ahead. However, there are reasons for caution when interpreting Cowen’s optimism. Bitcoin has previously shown volatility in this band; wicks below these levels frequently cause traders to experience brief panic attacks.Regaining the band is a positive development for Bitcoin, but it does not necessarily mean a quick rebound. Given the macroeconomic unpredictability and comparatively low trading volume on the current market, it is possible that Bitcoin will encounter resistance in the upcoming weeks. Furthermore, as evidenced by recent price action, Bitcoin is still stuck in a range and has not been able to break above significant psychological barriers like $65,000.A further risk that could affect risk assets, including cryptocurrencies, is the possibility of the Federal Reserve tightening its monetary policy. To sum up, even though Benjamin Cowen’s forecast offers a bullish viewpoint, based on past performance around the bull market support band, it is crucial to exercise caution. For a more convincing rally, Bitcoin must hold its current position above the support band, while the market continues to face external pressures.This article was originally published on U.Today More
Satoshi Nakamoto’s Identity Should Never Be Revealed, Anthony Pompliano Hints
While many are looking forward to a possible revelation of one of the most mysterious individuals of the 21st century, Pomp is in the camp of those who think that nobody will ever be able to say for sure who this person (or group of people) is/was – and perhaps that’s all for the better.In his tweet, Pompliano stated: “The world is better off not knowing who Satoshi Nakamoto was.”Many commentators agreed with Pomp, among them famous crypto blogger Lark Davis, who said, “Some stones are best left unturned.” The crypto community responded keenly to Pompliano’s tweet, some agreeing with him, some saying that Satoshi made Bitcoin with a group of other developers, some supporting the conspiracy theory that Satoshi worked either for the CIA or for the Chinese intelligence service.As reported recently, the majority of bet makers on the Polymarket prediction platform believe that the most likely candidate for Satoshi was Len Sassaman, an early cypherpunk, expert in cryptography and an advocate of decentralization and online privacy. However, he tragically took his own life in 2011.The fact that Satoshi published his last message on the BitcoinTalk forum about stepping away to work on other projects adds to the speculation that Satoshi was none other but Sassaman. One of the other candidates is the founder and CEO of Blockstream, and the creator of Hashcash, Adam Back.Back was mentioned in the Bitcoin whitepaper published in 2008, and Satoshi also exchanged emails with him while working on BTC. Back has denied many times being the Bitcoin inventor. In light of the approaching HBO documentary release, he tweeted again that he is not Satoshi, adding: “But also the documentary will presumably be wrong, as no one knows who Satoshi is.”Dogecoin cofounder Billy Markus recently tweeted that he would probably be “underwhelmed and disappointed” by “Money Electric: The Bitcoin Mystery” when he sees it since he does not expect it to reveal Satoshi’s real identity.This article was originally published on U.Today More
Bybit Expands Ecosystem Token Pools with SUI on Launchpool
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is proud to announce the expansion of its Launchpool platform with the introduction of ecosystem token pools. Building on the success of earlier integrations such as Mantle, Bybit Launchpool now supports the SUI pool, marking a significant step towards broader ecosystem support and offering more targeted opportunities for token holders.This new initiative reflects Bybit’s long-term commitment to fostering blockchain ecosystems. The inclusion of SUI as Bybit’s first-ever ecosystem native token pool comes at a time of positive development for the project, aiming to give users greater flexibility and aligning with the needs of the SUI ecosystem.For more information and to participate in Bybit Launchpool, readers can visit Bybit Launchpool : https://www.bybit.com/en/trade/spot/launchpool#Bybit / #TheCryptoArk /About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, readers can please visit Bybit Press. For media inquiries, readers can please contact: [email protected] more information, readers can please visit: https://www.bybit.comFor updates, readers can please follow: Bybit’s Communities and Social MediaContactHead of PRTony [email protected] article was originally published on Chainwire More
VENKO Achieves Key Milestones and Expands Utility with Alien-Themed Ecosystem on Solana
VENKO, an alien-themed meme coin launched on the Solana blockchain, has seen early traction with notable achievements, including listings on CoinMarketCap and CoinGecko and an all-time high market capitalization of nearly $3 million on Raydium. Aims to stand out in the competitive meme coin landscape, VENKO integrates its extraterrestrial theme with planned utility-driven platforms such as Alienium and UAPsnap.Unique Concept and Growing EcosystemWhile VENKO draws inspiration from successful meme coins like DOGE, SHIB, and PEPE, it aims to distinguish itself by offering a comprehensive ecosystem centered around extraterrestrial interests. The development team has outlined a roadmap designed to establish VENKO as a leading player in the meme coin market, leveraging its alien theme alongside broader cultural interest in UFOs and unexplained phenomena.Alienium: A Social Hub for UFO and Alien EnthusiastsAlienium, VENKO’s upcoming social platform, is set to serve as a hub for individuals interested in UFOs, aliens, and other unexplained phenomena. Final testing is reportedly complete, and the platform will feature various community-driven activities, including:UAPsnap: Capturing the UnseenIn addition to Alienium, VENKO is developing UAPsnap, a platform dedicated to reporting and analyzing unidentified aerial phenomena (UAP). Users will be able to capture and share sightings, analyze data, and connect with others interested in tracking unexplained aerial events. The platform is part of VENKO’s broader strategy to provide utility beyond the meme coin hype by appealing to the growing community of UFO and extraterrestrial enthusiasts.A New Era of Meme CoinsVENKO isn’t just about memes and hype. It’s building a long-term strategy, with goals of reaching 10,000 holders and beyond. Plus, it’s surrounded by experienced industry veterans, including those from leading social media platforms like Facebook (NASDAQ:META), helping shape VENKO’s platforms into the go-to hub for alien and UFO enthusiasts.With accelerated marketing and growth campaigns in the pipeline, VENKO is positioning itself to be the No.1 alien meme coin.Roadmap and Future PlansAs VENKO continues its development, the project’s roadmap includes significant milestones such as the launch of its first centralized exchange (CEX) listing on BitMart. The team, which includes veterans from leading social media platforms like Facebook, has also announced plans to grow the community to 10,000 holders through targeted marketing and community engagement efforts. Airdrops and other community-focused rewards are also planned as part of VENKO’s long-term strategy to incentivize user participation and drive adoption.Looking Ahead: 2024 and BeyondWith ongoing platform development, public tranding, and community-building initiatives, VENKO aims to position itself as a prominent player in the meme coin space, targeting UFO enthusiasts and crypto users alike. The project’s focus on building real-world utility through platforms like Alienium and UAPsnap sets it apart from other meme coins, as it seeks to create a sustainable, community-driven ecosystem.About VENKOVENKO is a meme coin built on the Solana blockchain, combining extraterrestrial themes with real-world utility. It offers unique platforms like Alienium, a social hub for UFO enthusiasts, and UAPsnap, a platform for tracking aerial phenomena. The project aims to become a leading meme coin in the cryptocurrency space by integrating community-driven initiatives with long-term utility.Users can join the VENKO movement today, and get involved with the new alien leader!ContactMrMarcus [email protected] article was originally published on Chainwire More
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Greece’s growth seen nearly unchanged in 2025, draft budget shows
ATHENS (Reuters) – The Greek government is forecasting economic growth of 2.3% in 2025, outperforming Europe’s major economies, thanks to strong tourism revenues, robust consumer spending and investment, a 2025 draft budget showed on Monday.Greece, which is still recovering from a debt crisis that nearly saw the country drop out of the euro zone in 2015, is projecting a 2.2% rise in its economic output this year.The government trimmed its previous estimate for 2025 growth of 2.6% in April due to a stagnating European economy, a key source of investment and tourism in the country, along with high inflation. The estimates in the draft budget are in line with Athens’ fiscal plan unveiled last week and submitted to the European Union for approval.The draft budget saw downside risks from the conflicts in Ukraine and the Middle East, along with possible new geopolitical tensions.More than half of foreign direct investment into Greece comes from northern European countries, while two-thirds of the country’s exports such as agricultural goods, fuel and pharmaceutical products go to the EU.The draft budget includes higher spending of about 3.5 billion euros next year and tax breaks to fund pension hikes and support for vulnerable households.This will be funded by a bigger primary budget surplus, which excludes debt-servicing costs, seen at 2.5% of gross domestic product (GDP) next year, up from 2.4% this year, a key condition for Greece to keep its debt – currently at the highest ratio to GDP in the euro zone – sustainable.Since emerging from a bailout in 2018, Greece has regained its investment grade ratings last year, revived its banking system and relied solely on debt markets for its borrowing needs. But unemployment remains at 10% and the average monthly salary is 20% lower than 15 years ago.Public debt is seen dropping by five percentage points to 149.1% of GDP in 2025 from 153.7% this year. More
- in Economy
Markets are expecting China to roll out “significant” fiscal stimulus, UBS says
In September, Chinese officials unveiled a sweeping package of new policies, including an outsized cut to interest rates and a reduction in existing mortgage costs.The People’s Bank of China also announced a swap program with an initial size of 500 billion yuan designed to give funds, insurers and brokers easier access to funding needed to purchase stocks. The PBOC also said it would provide up to 300 billion yuan in cheap loans to commercial banks in a bid to help them fund share purchases and buybacks by listed companies.Stocks in China posted their best weekly performance in almost 16 years following the announcement last month — an upturn that continued into last week. Writing in a note to clients, the UBS analysts said some market participants are now discussing whether China could roll out a potential fiscal stimulus package worth more than 10 trillion yuan. However, they argued that it may be more reasonable to expect a “more modest package of 1.5 trillion to 2 trillion yuan in the near term, while another 2 trillion yuan to 3 trillion yuan of fiscal expansion” could come next year.”We think a stimulus for 2024 could be announced immediately after the October holiday or around the [third-quarter] data release on Oct. 18, while measures for 2025 could be decided around the time of the Central Economic Work Conference (CEWC) in December 2024,” the UBS analysts said.In a separate note on Sunday, analysts at Morgan Stanley added that the size and timing of the stimulus will likely be viewed “positively” by onshore investors, “as it reaffirms Beijing’s commitment to reflation with more concerted policy efforts, albeit using the time-tested trial-and-error approach.”Consumer prices in China grew at their fastest pace in half a year in August, although the uptick was due largely to a spike in food costs caused by weather disruptions instead of a sustainable recovery in domestic demand.”[W]e are hopeful but not yet confident” China’s shift in policy will lift growth in the world’s second-largest economy, the Morgan Stanley analysts said.(Reuters contributed reporting.) More
