Cryptocurrency

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Bybit, the world’s second-largest cryptocurrency exchange by trading volume, gathered some 14,000 fans and participants of World Series of Trading (WSOT) 2024 for the thrilling final showdown livestream on Oct. 29. As the much-anticipated finale of WSOT 2024 approaches, Bybit Co-Founder and CEO Ben Zhou revealed the lucky winner of a $300,000 luxury yacht in the WSOT Grand Draw, and live viewers got to share in a 10,000 USDT prize pool. The top-performing squad leaders and Ben also elaborated on the significant changes to the WSOT rules this year, explaining the rationale and sharing their insights on how they are leading their squads to victory, and how not to lose sleep during the hottest crypto trading competition of the year.Highlights: Ben joined in the virtual watch party in person to announce the winner of the ultimate prize of a luxury yacht in the Grand Draw. The replay of the livestream is available: WSOT 2024 Final Showdown#Bybit / #TheCryptoArk / #WSOT2024About 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

He also shared his thoughts on the outlook for the main cryptocurrency’s current market. Plus, he hinted at a research project he is working on. The goal is to uncover “real classic patterns” in the price history of Bitcoin. The project will focus on chart structures unique to the cryptocurrency’s market cycles.If Brandt releases his study on historical price patterns, it could reveal repeating structures that the trading guru thinks are real indicators of Bitcoin’s price behavior. This is big because the research might give us new insights into past market cycles of the “new gold” and unique patterns that could influence future price expectations.He also mentioned an approach that looks at price swings from the November 2022 low to the March 2024 high, along with levels seen in August 2024.Despite all these projections, Brandt said he is focusing on one target at a time and is being cautious with predictions and risk management.This article was originally published on U.Today More

He provided a key reason why Bitcoin is likely to continue going up, and he believes it is likely to do that in an aggressive manner.These are candles that will show extremely large growth, Mow believes, and will eventually lead Bitcoin above the $1 million price mark. The key reason why BTC is bound to rise violently and cause those massive green candles to appear is that “Bitcoin has been coiled so tightly,” per JAN3 boss Mow.Over the past 24 hours, the world’s flagship cryptocurrency, Bitcoin, demonstrated a swift price lift, rising by 4.7% from the $69,900 level to touch the $73,200 line briefly. Today, the price reversed to show traders a 1.65% decline, pushing BTC to $71,980. Still, the last time Bitcoin was seen above $70,000 was June this year.The key reasons for this abrupt surge, according to Quantum (NASDAQ:QMCO) Capital Partners, were the “robust inflow into Bitcoin ETFs” and “fresh monetary easing cycles across major economies.” Another major reason is a crucial new pivot in the upcoming U.S. elections in November. Many Bitcoiners are particularly looking forward to the outcome of that event.Now, Bitcoin ETFs are holding $72.545 billion cumulatively, which is equal to a 5.07% of Bitcoin’s overall market value. This is a new all-time high for these ETFs to reach.Yesterday, Wu says, it was the third largest daily inflow into Bitcoin ETFs in history. The highest secondary inflow was noticed on March 12 and comprised $1.05 billion. The second biggest one took place on June 4, with a whopping $887 million absorbed by the ETFs.This article was originally published on U.Today More

Blast Royale has announced the upcoming pre-sale of its Low FDV Community Offering (LCO) for the $NOOB token, scheduled for November 6th. As a community-focused initiative, this offering aims to integrate players and supporters, marking a significant move in the Gaming x Meme token space. With record engagement, including over 85,000 Daily Active Users (DAU), more than 20 million social media impressions and 3 million $NOOB tokens spent on in-game assets in the last 28 days alone, Blast Royale is setting new benchmarks for community engagement.Backed by $6 million in funding from notable investors including Animoca Brands, Mechanism Capital, and Dragonfly, $NOOB will serve as the studio token for First Light Games. Supporting both Blast Royale and future games development, $NOOB reinforces the studio’s commitment to community-driven projects in crypto gaming.Details of the LCOThe $NOOB LCO will feature a Fully Diluted Valuation (FDV) of $10 million, structured as a pre-sale with accessibility as its central focus. Inspired by meme coin culture, 25% of the $NOOB token supply is dedicated to this offering, enabling players and early supporters to contribute to the future of Blast Royale. This initiative underscores Blast Royale’s goal to establish a new standard for community-driven offerings in the gaming sector.Empowering the CommunityThe LCO offers the freedom of choice with a capped ticket starting from as little as 1$, allowing early adopters and community members to join the $NOOB ecosystem at a significant milestone. Blast Royale NFT holders will have access to higher allocation in the offering, ensuring that the most engaged community members are positioned at the center of $NOOB’s growth strategy.As a point of comparison, leading crypto games such as Illuvium reached FDVs of up to $18 billion with their tokens during previous market peaks, highlighting the potential for early participants in $NOOB as Blast Royale’s footprint within mobile gaming grows.How to Participate in the LCOTo participate, individuals must complete the KYC process via the PAID Network at link.paidnetwork.com/Blast_Royale before November 5th. Following the LCO launch on November 6th, $NOOB will be officially listed on November 13th.Key Details for the $NOOB LCOOfficial X profile: https://x.com/blastroyaleMore about Blast Royale: https://hub.xyz/blast-royaleContactMrPersis SarmientoFun Dimensionspersis@yourcontract.orgThis article was originally published on Chainwire More

He stressed the key feature of Bitcoin, underscoring the fact that it is likely to play a key role now as demand for BTC is going up fast.Voorhees stressed the fact that all these abovementioned assets share one common feature – their supply will not expire for many years to come. When the demand for gold or oil rises, Voorhees tweeted, more of each is produced thanks to large deposits on Earth. When the demand for the U.S. dollars rises, more dollars are printed, he said.However, when the demand for Bitcoin goes up, here Voorhees left his thought unfinished, hinting that more Bitcoin cannot be produced since Satoshi Nakamoto programmed BTC to exist only in the form of 21 million coins.The net value of the Bitcoin spot ETF, Wu continues, is now equal to $72.545 billion. On Oct. 29, the overall inflow into these funds totaled a staggering $870 million, and it marked the third highest inflow within a single day. The largest secondary one was observed on March 12, with $1.05 billion going into Bitcoin ETFs. The second biggest inflow was registered on June 4, and it totaled $887 million.This article was originally published on U.Today More

Morph, a global consumer layer for driving blockchain adoption, today announced its mainnet launch on Ethereum. The mainnet launch marks a significant milestone in building Morph’s consumer layer, serving as an expansion beyond a typical Layer 2. Morph’s consumer layer directly addresses the root causes of limited blockchain adoption, enabling ecosystem participants to exchange real assets and engage in transactions. Projects that are already building on Morph can now transition to the mainnet and continue developing their technology with this expanded scope, further driving growth of the consumer layer. Morph’s mainnet launch follows its previous Holesky Testnet that featured key upgrades including an EIP-4844 Optimistic zkVM integration to lower transaction costs and a revamped bridge mechanism to finalize withdrawals in a single transaction. Aiming to improve performance and infrastructure, the testnet saw over 6 million wallet addresses, 100 million transactions, more than 200 projects deployed, and 1 million plus members joining the community.About MorphMorph is the global consumer layer, acting as the distribution hub for the resources builders need to launch and scale for the mass market. It leverages a hybrid solution of ZK and Optimistic roll-up technology and a decentralized sequencer to enable limitless possibilities within mainstream audiences, making it a user-friendly option for developers who require a chain to build these types of apps. Bitget, the world’s leading cryptocurrency exchange, is an original investor in Morph that will continue to play a role amongst the other investors in shaping the Morph ecosystem. ContactM Group on Behalf of Morphmorph@mgroupsc.comThis article was originally published on Chainwire More

Ika, the world’s fastest parallel MPC network, formerly known as dWallet Network, today announced their launch on Sui, the innovative Layer 1 blockchain and smart contract platform. An alternative option to bridging, Ika offers secure interoperability across Bitcoin, Ethereum, Solana, Polygon, Avalanche, TON and more, empowering Move smart contract developers and providing enhanced foundational infrastructure that enables institutional players to fully leverage Sui’s industry-leading decentralized technology. Ika utilizes the novel 2PC-MPC cryptographic scheme and Sui’s Mysticeti consensus to address critical limitations in existing MPC networks, delivering unprecedented performance in throughput, with minimal latency, extreme scalability and zero-trust security. Ika’s ultra-fast MPC network powers a wide range of applications on the Sui blockchain, including:The IKA token will soon launch natively on the Sui blockchain, unlocking new functionality and utility in decentralized security. As the native token of the Ika MPC network, IKA will play a pivotal role in powering its ultra-fast, scalable infrastructure, serving as the means to pay for MPC signing services, enabling seamless transactions across the Web3 space. By leveraging Sui’s unmatched speed and performance, Ika enhances the overall security and scalability of the ecosystem, adding the most promising MPC technology in blockchain to the fastest-growing L1 in Web3.“With Ika, more than $2 trillion in digital assets can now be programmed via the Sui network,” said Jameel Khalfan, Head of Ecosystem Development at Sui Foundation. “Ika’s wide variety of use cases represents incredible potential for the Sui ecosystem.” Ika’s alpha testnet is available on Sui today, with mainnet launch slated for December. About SuiSui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Based on the Move programming language, its object-centric model enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences. Learn more: https://sui.ioAbout IkaIka is the fastest parallel MPC network, offering sub-second latency, scalability to 10,000 tps and hundreds of nodes, and zero-trust security. As the premier choice for interoperability, decentralized custody and chain abstraction, Ika is set to revolutionize digital asset security and multi-chain DeFi. Users can learn more here.ContactDarius GooreSui Foundationmedia@sui.ioThis article was originally published on Chainwire More