Cryptocurrency

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce that Bybit Web3 has launched SpaceS, a groundbreaking new game on Telegram that brings the popular phrase “to the moon” into a chaotic, meme-packed reality. In this first-of-its-kind fly-to-earn experience, players pilot through an unpredictable cosmic world filled with classic and new internet memes, delivering an irreverent twist on space exploration.Reimagining Space, One Meme at a TimeSpaceS turns the cold vastness of space into an internet-fueled playground. Players must dodge meme-inspired “asteroids” like Ghost Doges, Pumpkin-head Crying Jordans, and Vampire Pikachus, navigating a neon cosmos where the internet’s most iconic faces and figures replace cosmic debris. Each flight is a chaotic, laugh-out-loud journey through a universe as wild as the internet itself.A New Spin on Fly-to-Earn GamingCombining the simplicity of retro mobile games with the culture of Web3, SpaceS is designed for meme lovers and gamers who crave something fresh. The game’s unique twist on classic fly-to-earn mechanics ensures that every run offers unpredictable encounters, with each narrowly avoided asteroid serving up a new meme moment to laugh—or cringe—at.Fly, Earn, and Laugh With Friends With an intuitive gameplay design that brings players straight into the action, SpaceS also emphasizes social interaction. Users can invite friends to form fleets, teaming up to survive the meme-laden cosmic madness together. Perfect for the Halloween season, SpaceS offers a nostalgic, meme-fueled adventure, turning space travel into a virtual trick-or-treating experience for crypto and meme enthusiasts alike.SpaceS is now available on Telegram for users looking for the most meme-packed adventure ever launched into the cosmos.#Bybit / #TheCryptoArk / #BybitWeb3About Bybit Web3Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting. Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.Users can join the revolution now and open the door to your Web3 future with Bybit.For more details about Bybit Web3, users can visit Bybit Web3.ContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

Flipster, a global crypto derivatives exchange, has announced a collaboration with BNB Chain, a community-driven blockchain ecosystem, to offer fee-free withdrawals, aiming to democratize access to cryptocurrency trading.This collaboration builds on Flipster’s existing zero-fee trading model, aligning with both Flipster and BNB Chain’s shared mission to make cryptocurrency trading more user-friendly and cost-effective. By backing BNB Chain’s gas-free withdrawals initiative, Flipster users will be able to transact with ease and capitalize on market movements effectively while avoiding hidden fees and slippage.Processing over $10 billion in monthly trading volume and serving over a million users, more than 98% of asset deposits and withdrawals on Flipster are stablecoins, making the zero-fee withdrawal offering on BNB Chain even more valuable for users looking to maximize their returns.For more information about the campaign, please refer to Flipster’s blog.About BNB ChainBNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:About FlipsterFlipster is a crypto derivatives exchange known for its lightning-fast perpetual futures listings, zero trading fees, high liquidity, and rapid trade executions. The easy-to-use platform provides users with an all-in-one trading experience with leverage of up to 100x on over 250 tokens, supporting traders globally in capitalizing on market opportunities. For media enquiries or interview requests with the team, please reach out to pr@flipster.io.ContactShirlyn TanFlipsterpr@flipster.ioThis article was originally published on Chainwire More

The psychological $200 mark, as well as $163 and $180, are important price levels for traders to keep an eye on. SOL’s previous support level of $163 may act as a point of retreat in the event that the price experiences any brief retracements. Given the historical resistance, at this level, SOL would need to keep momentum above $180 in order to make a consistent approach toward $200. At $200, SOL may reach more than a temporary high if it can continue to rise without experiencing significant profit-taking. It will take time for the asset to consolidate gains and establish a strong support base close to its highs, so this milestone will not be reached in a few days. On the chart, Solana’s bullish trajectory is supported by its strong position above the 50 and 100 EMAs. In the long run, we might even see targets above $200 if the asset keeps gaining ground at higher levels, particularly if Bitcoin and other significant assets keep rising.Other new meme coins, in contrast, have been attracting both experienced and novice investors seeking rapid returns by riding waves of volatility and speculative hype. These more recent tokens frequently function more like crypto casinos, drawing transient users looking to profit from quick price fluctuations. Given that it no longer offers the same explosive growth potential as in its earlier years, this environment has made SHIB seem rather unappealing. Shiba Inu’s recent price chart shows that the asset is having trouble moving higher and seems to be stuck in a narrow range.Without new buying interest, SHIB lacks the strength to break through the 200-day moving average, which is represented by the black line on the chart. Should SHIB fail to draw in new investors, it is likely to stay range-bound or even lose ground, as existing holders gradually reduce their holdings. In conclusion, the market performance of Shiba Inu is being hindered by its incapacity to draw in new investors. Although it used to be the market leader in meme coins, it is currently up against fierce competition from more recent erratic coins that cater to a market that favors rapid speculative gains. Bitcoin has broken a long-term resistance line, as can be seen on the chart, which may mark the end of a months-long consolidation phase. However, such quick, sharp movements frequently draw speculative trading, raising the possibility of abrupt reversals as traders lock in profits. Bitcoin’s ascent to new all-time highs has always been erratic. As the market processes the quick gains, each breakout is usually followed by a consolidation or slight retracement. If Bitcoin runs into psychological resistance around or close to the previous high, this rally might follow a similar pattern. Additionally, the Relative Strength Index shows that Bitcoin is getting close to overbought territory, which frequently comes before a slowdown in momentum. If a retrace takes place, Bitcoin may test new levels of support in the upcoming weeks.The recent moving averages suggest that the short-term supports at $67,000 and $64,500 may be levels to keep a close eye on. These could act as halts for any decline prior to a possible uptrend continuation.This article was originally published on U.Today More

The personal consumption expenditures price index increased 0.2%, seasonally adjusted for the month, while the 12-month inflation rate was 2.1%, in line with Dow Jones projections.The PCE data serves as the Fed’s primary inflation gauge, while policymakers also monitor some other measures. Fed policymakers aim to keep inflation at 2% per year, a level it has not reached since February 2021. The headline rate for September fell by 0.2 percentage points from August.However, the core inflation rate was 2.7%, up 0.3% from the previous month. The data comes as markets bet heavily that the Fed might lower its benchmark short-term borrowing rate when it meets next week.As investors digest the latest economic data, cryptocurrencies have broadly traded in the red, with significant losses reported across the board. Bitcoin, Shiba Inu, Pepe, Chainlink, Bonk and WIF had losses ranging from 1.7% to 7% in the last 24 hours.The selling has resulted in a wave of liquidations worth around $136 million, according to CoinGlass data.Inflation rates have been a major concern for crypto markets, particularly because they could influence the Federal Reserve’s monetary policy decisions. A lower inflation rate may indicate a looser policy stance, causing optimism among crypto investors, who see it as a potential driver for price increases, whereas high inflation rates remain unfavorable for risk assets, including cryptocurrencies.In the coming days, the market will likely pay close attention to any hints from the Fed regarding its next policy measures. Policymakers are currently in a “blackout period” before the Nov. 6-7 meeting, which means they will not be providing remarks based on data releases or about their overall policy and economic expectations.This article was originally published on U.Today More

Chorus One, a leading provider of staking infrastructure for over 60 networks, today announced the launch of TON Pool (NASDAQ:POOL), a new staking solution designed to simplify and optimize Toncoin staking for institutions and investors. With a focus on addressing the limitations of current staking models on the TON blockchain, TON Pool offers a flexible, cost-effective, and scalable staking solution that meets the needs of custodians, exchanges, wallets, and institutional investors.A solution to Toncoin’s current staking limitationsThe TON blockchain is gaining traction as a powerful platform for decentralized applications, but existing Toncoin staking mechanisms—such as the Nominator Pool and Single Nominator contracts—present significant limitations for institutional players.According to the team, high minimum staking requirements, limited delegator capacity, and the operational complexity of managing multiple pools are key challenges that prevent large institutions from efficiently staking Toncoin at scale.Currently, they add, the Single Nominator contract requires a minimum of 300,000 TON, limiting accessibility for many institutions. Moreover, both staking models restrict the number of delegators and require manual management, resulting in higher transaction fees and reduced yields due to complex pool monitoring.Recognizing these limitations, Chorus One developed TON Pool, a solution specifically tailored for large-scale staking operations that eliminates inefficiencies and provides a more seamless staking experience.Key benefits of TON PoolAbout Chorus OneChorus One is a leading institutional staking provider, operating infrastructure for over 60 networks, including Ethereum, Cosmos, Solana, Avalanche, Near, and others. Since 2018, Chorus One has been at the forefront of the PoS industry, offering easy-to-use, enterprise-grade staking solutions, conducting industry-leading research, and investing in innovative protocols through Chorus One Ventures. As an ISO 27001-certified provider, Chorus One also offers slashing and double-signing insurance to its institutional clients. For more information, users can visit chorus.one or follow them on X (formerly Twitter), and LinkedIn.ContactHari Iyerstaking@chorus.oneThis article was originally published on Chainwire More

This is not the end of the story, as his farewell caption was accompanied by a screenshot of MicroStrategy’s stock prospectus supplement, which implies raising $21 billion in capital through the sale of Class A common stock.The news that the software producer is looking to raise $42 billion over the next three years broke yesterday in the midst of MicroStrategy’s earnings report. Specifically, half, or $21 billion, will be raised through the sale of MSTR stock. There is symbolism here, a sort of homage to Satoshi and Bitcoin, as the initial total supply of the major cryptocurrency is exactly 21 million BTC. This is also what Saylor seemed to be referring to in his message to Satoshi today. The company plans to use the funds raised by this offering to buy more Bitcoin. MicroStrategy has currently invested nearly $10 billion to acquire 252,200 BTC. With the new offering, the software maker could double its previous investment, bringing the total to $30 billion once the deal is closed.This article was originally published on U.Today More

This tweet was published on the 16th anniversary of Satoshi releasing the Bitcoin whitepaper.The recent release of the HBO movie made ripples throughout the cryptocurrency world, and the director faced major backlash for naming an early Bitcoin developer, Peter Todd, as Satoshi.Another Satoshi candidate, Adam Back, along with his former colleague and now the CEO at JAN3, Samson Mow, believes that the world will never find out who Satoshi was. Bitcoiner and VC investor Anthony Pompliano has publicly stated that the world is better off not knowing who he was or is.Over these 16 years, Bitcoin has come a long way from trading at less than $1 to changing hands at $72,000 and becoming the “digital gold” and a store of value now embraced by Wall Street.Yesterday, one of the leading corporate Bitcoin holders (and a pioneer in betting on BTC), MicroStrategy, announced that within the next few years, it plans to raise $42 billion to add more Bitcoin to its stash that is growing regularly.This article was originally published on U.Today More

Bitcoin (BitfinexUSD) seems to be taking a bit of a pause as October wraps up, trading around $70,600 in early US trading, down about 2.35% in the past 24 hours. ETH/USD lost 4.7% while Polkadot was down about 5%. Despite today’s slump, the original cryptocurrency have climbed over 8% this week. Moreover, spot Bitcoin ETFs saw strong inflows, pulling in $893 million on Wednesday for its second day in a row above the $850 million threshold. Most of this demand was led by BlackRock (NYSE:BLK)’s IBIT, which alone brought in $872 million.With earnings season underway, traders are also gearing up for the U.S. presidential election and key economic reports, like next nonfarm payrolls numbers, looking for hints on rate cuts from the Federal Reserve.”Stocks are sliding in the US this morning for a variety of reasons, including underwhelming mega-cap tech earnings Wed night (META had some warnings about elevated costs while MSFT provided Dec Q revenue guidance that fell short of expectations),” Vital Knowledge analysts said.Wall Street slipped on Thursday as Microsoft and Meta’s warnings about rising AI expenses cooled the excitement around megacap stocks.Meta Platforms Inc (NASDAQ:META) shares dipped 2.8%, and Microsoft Corporation (NASDAQ:MSFT) fell 5.1%, even though both topped earnings expectations in their Wednesday reports. Adding to the pressure, the United States 10-Year edged up past 4.3%, weighing further on stocks.Bitcoin has been closing in on its all-time high this week, rising from around $71,000 to past $73,500 by Tuesday. This upward momentum comes just a few days before the U.S. elections—a time many traders view as bullish for the markets regardless of the results. Polls show a tight race between Donald Trump and Kamala Harris, stirring up market speculation as Bitcoin nears its all-time high of $73,798, last seen in March. The recent surge has brought the most-traded cryptocurrency within striking distance of this peak, adding to the pre-election excitement in the market. More