Cryptocurrency

BTC.com officially announced the completion of its upgrade and the launch of an open-source computing power platform. The platform continues to embody the community spirit and adopts the motto “Embrace Open Source, Gather Computing Power, Create the Future Together” to support developers and computing power providers in jointly promoting the development of a decentralized ecosystem.The platform will serve as a bridge for computing power suppliers, enabling them to achieve efficient management and flexible trading through its one-click deployment tools. Additionally, it will provide a free trading environment for those in need of computing power, allowing on-demand access to achieve a balance between cost and efficiency.About BTC.comBTC.com is committed to connecting computing power for open-source projects, providing infrastructure for the development of the blockchain and AI industries, and promoting the flourishing growth of industry applications.ContactPR teamcontactPR@btc.comThis article was originally published on Chainwire More

While the market is closely watching for regulatory changes after the U.S. presidential election, it faces challenges, including geopolitical tensions like the Israel-Iran conflict and allegations against Tether.According to Binance Research, Bitcoin’s correlation with the S&P 500 is approaching record levels as investors are increasingly treating the primary cryptocurrency as both a risk-on asset and a hedge against economic uncertainties. Historically, Bitcoin’s relationship with equities has been weak, with only temporary spikes due to liquidity adjustments or interest rate shifts. Other highlights show that out of the top 15 revenue-generating chains and applications, 13 are applications, indicating that much of the industry’s revenue is driven by specific applications rather than the blockchain networks themselves. Binance Research suggests that Solana has become the primary blockchain for new token launches, fueled by the launchpad platform pump.fun, which lowered entry barriers for token creation. The trend, however, sparked a wave of speculative trading, with Solana handling 90.6% of all token launches in the week leading up to October 21. October saw a rise in memecoin activity, with four of the top five performing tokens being memecoins. Memecoin trading volume has also climbed, hitting around 12% of the top 50 altcoins’ market cap on average—and even breaking past 20% on some days. Since February, daily trading for memecoins hovered around $5 billion.“Dogecoin topped the list, jumping 33.1% following a reference to the “Department of Government Efficiency” (D.O.G.E) by Elon Musk at a rally,” said Binance Research analysts. “Solana saw a 9.7% increase, spurred by high trading volumes in memecoins and growth in decentralized finance (DeFi) on the Solana network.”Meanwhile, Toncoin fell by 16.9% amid concerns over privacy following Telegram’s policy changes and CEO Pavel Durov’s legal challenges. Ripple’s XRP also dropped 20.4% amid its ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC). “Tron also recorded gains, up 7.5%, while Binance Coin declined by 2.9% following the exchange’s announcement of a November deadline for the BNB Beacon Chain upgrade. Ethereum (ETH) fell 3.7%, as concerns over high fees and the rise of independent appchains affected investor sentiment,” the report said.According to the Binance calculations, DeFi’s Total Value Locked (TVL) saw a small bump of 1.0%, riding the wave of October’s on-chain momentum. Binance analysts point to growing interest from both institutions and regular users, especially for Solana, which hit $7.6 billion in DeFi TVL. Liquid staking protocols like Jito, Marinade, and Sanctum grabbed a big share of this inflow, while projects like Jupiter and Raydium added essential liquidity to match rising on-chain activity.  More

While almost 99% of traders are in profit at the moment, CryptoQuant hinted that the price is close to investors’ purchase costs. This, it noted, is proof that the price is not overheated. With the technical indicators showing the potential for another rally, the question remains whether the growth will follow a linear trend.At the time of writing, the Bitcoin price was changing hands for $75,098.68, up by 2.67% in the past 24 hours. Its trading volume has, however, dropped by 17% within the same period to $77.99 billion, proof of tempered sentiment.Shiba Inu (SHIB) also took advantage of this rally to extend its gains after prolonged consolidation moves. The token saw a record boost in price and other metrics like burn rate and Shibarium transaction count. This helped it topple Avalanche (AVAX) again as the 12th largest digital currency.This article was originally published on U.Today More

The note, released early on Wednesday, states that with Donald Trump having won the U.S. presidential race and a likely GOP-controlled Senate, the long-standing regulatory headwinds for crypto could turn into “a tailwind,” potentially unlocking significant growth in the market.”The market is nowhere close to factoring in this shift,” Bernstein analysts state, highlighting the potential for accelerated regulatory clarity in the crypto space.They believe the impact of the shift was already evident, with Bitcoin recently breaking all-time highs, reaching over $74,000. The broader crypto market reacted positively, with Ethereum up 8% to $2,600 and Solana surging 16% to $160.Bernstein expects this trend to continue, stating, “We recommend buying the Bitcoin strength here,” and suggests taking advantage of potential marginal dips as an enhanced buying opportunity.Bernstein identifies several areas of anticipated regulatory progress, including clearer definitions for digital assets, broker/dealer law applicability to exchanges and DeFi platforms, and accelerated approvals for crypto-based ETFs.”We expect bipartisan support for crypto rule-making on an accelerated time schedule,” they note, with a specific focus on a stablecoin bill and a market structure bill to provide clarity for crypto exchanges and broker-dealers.Looking forward, Bernstein is bullish on Bitcoin miners such as Riot Platforms (NASDAQ:RIOT), CleanSpark (NASDAQ:CLSK), Core Scientific (CORZ), and Iris Energy (IREN) as high-beta trades to Bitcoin.The firm also recommends MicroStrategy (MSTR) due to its extensive Bitcoin treasury program and Robinhood (NASDAQ:HOOD) as a top play to capture surging retail crypto interest.With Bitcoin currently on a strong upward trajectory, Bernstein remains committed to its $200,000 price target for 2025, seeing this as the start of a “new Bitcoin bull cycle.” More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, starts the season of harvest with bountiful rewards for Bybit Card holders in this year’s “Double 11” (11.11) festivities. Bybit’s week-long event promises elevated cashback and exciting bonuses for users, making every swipe of the Bybit Card more worthwhile this 11.11.Dubbed Double 11, Nov. 11 marks a grassroot consumer festival and shopping day originated from Asia, and has since become a global phenomenon. From today to Nov. 14 (4:00 PM UTC), the 11.11 Bybit Card Blowout event brings exclusive perks tailored for both new and existing cardholders. From 50% cashback to double the cashback, every Bybit user eligible for the branded Mastercard (NYSE:MA) debit card has an option to boost their rewards this season:Event Highlights:To find out more: Bybit Card. 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, please visit Bybit Press For media inquiries, please contact: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaDiscord | Facebook (NASDAQ:META) | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YoutubeContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

0G Foundation in conjunction with Fjord Foundry are proud to announce its upcoming node sale on Fjord, web3’s leading capital formation platform. The sale will run from November 7th to 13th, offering participants valuation terms and an opportunity to lead in the decentralized AI space.0G recently closed its last funding round and has strong participation from renowned VCs such as Hack VC and Delphi Ventures with the latest SAFE valuation exceeding $2 billion. The upcoming node sale on Fjord offers participants the chance to join the network at a significantly lower valuation. By purchasing a node, participants become integral contributors to 0G’s decentralised network, directly supporting the democratisation of artificial intelligence. As an alignment node operator, users contribute to the network’s processing, storage, and deployment of AI models, enhancing its resilience and efficiency. In return, node owners receive token rewards for their contributions, providing economic benefits as the network grows. Additionally, owning a node grants rewards that can empower users with governance rights within the 0G ecosystem, allowing owners to influence key decisions and shape the platform’s future.About Fjord FoundryFjord Foundry’s mission is to democratise access to early-stage opportunities for the community of backers while providing projects the means to bootstrap liquidity in a seamless and straightforward manner. Fjord Foundry has solidified its reputation as web3’s leading capital formation platform, facilitating over $1 billion in funds raised since September 2021. By hosting the sale on Fjord, 0G leverages a platform renowned for connecting innovative projects and community backers. Participants in the node sale can benefit from Fjord’s trusted infrastructure, higher-tier offerings, and a seamless participant experience.About 0G Foundation The 0G Foundation is an organisation dedicated to driving innovation and growth maintaining the world’s first decentralised AI Operating System. Focused on creating an open, transparent, and scalable infrastructure, the 0G Foundation is committed to fostering a vibrant, decentralised ecosystem where AI can operate as a public good. Through strategic partnerships, community initiatives, and innovative technology, 0G Foundation strives to ensure the long-term sustainability and integrity of the 0G network. The node sale will be live from November 7th to 13th. To learn more and participate, users can visit https://links.fjordfoundry.com/0GAI.ContactHead of MarketingBenFjord Foundryben@marigoldlabs.xyzThis article was originally published on Chainwire More

This coincided with a massive price surge demonstrated by the Ripple-affiliated cryptocurrency over the last day as XRP touched the $0.57825 price level.The second and the largest transfer was performed by San Francisco-based blockchain juggernaut Ripple headed by Brad Garlinghouse. Both transfers took place within a single hour.Ripple made this mammoth-sized XRP transfer to an anonymous blockchain address. However, data shared by XRP-focused explorer Bithomp shows that this wallet was also affiliated with Ripple. After these 470 million XRP landed on it, Bithomp noticed an outgoing transfer carrying 100,000,000 XRP in an unknown direction, too. The motives behind this enormous XRP transfer initiated by the blockchain heavyweight remain unknown, however, Ripple frequently performs such transactions which result in XRP sales. The proceeds are used by the company to cover its operations and (over the past four years) legal expenses in its case against the SEC regulator.These ATHs were reached after a new political development (a drastic change in government leader) in the U.S. on Nov. 5, with the results officially announced the following day.Following Bitcoin, other cryptocurrencies demonstrated big price surges as well. Among them was XRP, which soared by almost 10% in the last 24 hours, briefly hitting $0.57825. By now, it has experienced a pullback of 4% and is changing hands at $0.55601 on major exchange Bitstamp.This article was originally published on U.Today More

Bitunix exchange announced on November 1st that it has launched its Copy Trading Feature. With this tool, Bitunix enables new traders to take their first steps in futures trading by copying experienced traders. The fastest-growing crypto derivatives exchange with this move aims to make involvement in crypto trading as easy as possible for everybody.According to Dailycoin, crypto copy trading has rapidly grown in popularity among retail investors, offering a way for newcomers to enter the market. Considering that and based on user feedback and analysis of market trends, Bitunix came up with their advanced version of Copy Trading Feature.This new tool lets users follow experienced traders, automatically replicating their trades in the user’s account, which simplifies trading for newcomers. Both users and traders benefit—traders gain followers and a share of potential earnings, while users can view transparent performance metrics (such as ROI, win rate, and trade size) to choose traders wisely. Traders without followers can also publish trading signals to attract users.How Much Can a User Invest and What is the Profit-Sharing Fee with the Copied Trader?Bitunix Copy Trading, has its limits on how much a user can invest and here’s how it works:How Can Users Monitor Their Copy Trades?The “My Copy Trading” module gives users detailed insights into both active and completed copy trades, including amounts, margin balances, and profit/loss. Users can monitor unlimited ongoing trades in real time (with up to 10 copy trading accounts). It also provides access to the trading positions, profit status, and past records of completed trades for review.How Can Users detect Top-Performing Traders to Copy?The trader list is organized to help users find top-performing traders, with rankings based on key metrics like profit and loss, return on investment, win rate, and trade volume. This structured approach makes it easier for users to select traders that best fit their investment goals.Additionally, users can use a search function to locate specific traders within the list. For those seeking different results, the platform offers flexibility. Users unsatisfied with their current copy trading outcomes can stop following a trader or choose to follow a new one.For detailed steps on how to participate in Bitunix Copy Trading, users can visit this tutorial on their website.With features such as top-tier liquidity, 24/7 customer support, and a strong commitment to regulatory compliance, Bitunix remains at the forefront of providing a reliable trading experience for the global crypto community. Bitunix has attracted more than 1,000,000 users from over 100 countries, facilitating a daily trading volume exceeding $1 billion on its platform.Website | Telegram | X | LinkedInContactCOOKX WUBitunixkx.wu@bitunix.ioThis article was originally published on Chainwire More