CryptoBuzzPosts 🐝

In the face of AI-powered surveillance, we need decentralized confidential computing 🐝 ~ ~ Yannik Schrade, CEO of Arcium, criticizes Oracle AI CTO Larry Ellison’s vision of global AI-powered surveillance, likening it to Orwell’s dystopia. As seen during the 2023 Paris Olympics, AI surveillance is already in practice, with the French government employing private firms for behavior monitoring. This raises ethical concerns about privacy versus public safety. Advocates stress that surveillance inhibits freedom and increases anxiety. A potential solution is Decentralized Confidential Computing (DeCC), which aims to secure sensitive data while allowing analysis without compromising privacy. Techniques like Multi-Party Computation could enhance transparency and accountability in surveillance, promoting data protection as AI expands. @CryptoBuzzPosts 🐝 ~ ~

Web3 Watch: MetalCore is leaving Immutable for Solana 🐝 ~ ~ MetalCore is transitioning from the Immutable zkEVM chain to Solana, currently in closed beta. Developed by Studio369, the game features vehicular combat against prehistoric monsters in a post-apocalyptic setting. Utilizing Solana Lab’s GameShift platform for enhanced infrastructure, MetalCore aims to deliver a seamless gaming experience. Season two will launch in November, allowing players to transfer in-game assets to Solana. Meanwhile, Spanish football league LALIGA has partnered with Sportsbet.io to boost fan engagement through exclusive offers. Noteworthy trends include a rise in blockchain gaming activities and innovative collaborations, like STEPN GO’s limited sneaker release with Snoop Dogg. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin Price Aims for $73,000 as OI Hits ATH of $33 Billion 🐝 ~ ~ Bitcoin has struggled to maintain a price above $70,000, affecting long traders who faced $50 million in liquidations due to a recent 2% decline. Despite this setback, sentiment remains optimistic, with traders still believing in Bitcoin’s potential for future gains. Bitcoin’s Open Interest has reached an all-time high of $32.9 billion, indicating strong engagement from both institutional and retail investors. Currently trading at $67,007, Bitcoin’s price is approaching a key breakout point, which could lead to a rally towards $73,000 and potentially $88,185. However, sustaining the $67,000 support level is critical to avoid further declines. @CryptoBuzzPosts 🐝 ~ ~

AI Agents Handling Meme Coins Is No Joke, Analysts Say 🐝 ~ ~ As AI and meme coins gain traction on Crypto Twitter, analysts foresee the rise of Terminal of Truth as just the beginning. Coinbase predicts the emergence of an “Agentic Web,” where AI agents autonomously influence human behavior through stablecoins. Recently, the AI agent Luna from Virtuals Protocol tipped followers to boost engagement. Terminal of Truth, now a key player in crypto, has demonstrated awareness of financials and has even influenced the meme coin market, notably endorsing Goatseus Maximus, which surged in value. This phenomenon suggests that AI agents could soon become major economic players within the crypto landscape. @CryptoBuzzPosts 🐝 ~ ~

SHIB Team Mystifies Community with Recent 4-Word Tweet 🐝 ~ ~ Lucie, the marketing lead for Shiba Inu, recently motivated the SHIB community with a four-word tweet encouraging patience and optimism for the ecosystem’s future. She highlighted the significant progress made by Shibarium, noting daily transactions skyrocketed to 4.77 million, up from 127,588, and overall transaction counts reached 435 million since its launch. The number of accounts also grew by 34%. Lucie reassured the community that the SHIB team is diligently working on various projects. Additionally, the SHIB burn rate has surged by 114%, although the price experienced a sudden drop of 7.15%, currently sitting at $0.00001691. @CryptoBuzzPosts 🐝 ~ ~

Ethereum Netflow Spikes To Derivatives Markets – Is a Price Swing on the Horizon? 🐝 ~ ~ Ethereum (ETH) has struggled to maintain a price near $3,000, following a brief rally in August. According to CryptoQuant analyst Amr Taha, recent significant netflow shifts—particularly 96,000 ETH moving to derivative exchanges—may indicate traders are preparing for potential volatility. Historical patterns suggest these large transfers often precede notable market movements. Taha also analyzed Bitcoin’s Futures Sentiment Index, noting that peaks in sentiment could signal impending price corrections, hinting at possible volatility for ETH, which is correlated with Bitcoin. Despite fluctuations, ETH’s trading volume has remained stable between $15 billion and $19 billion over the past week. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin ETF Demand Surges to 6-Month High as Futures Volumes Stay Low Click to see more

Polymarket CEO rebuffs partisan claims from New York Times 🐝 ~ ~ Polymarket CEO Shayne Coplan refuted allegations from The New York Times claiming the prediction platform is politically biased. He emphasized that Polymarket operates as a neutral data source benefiting from election hype. Coplan clarified that despite a $45 million investment from Peter Thiel’s Founders Fund, neither Thiel nor his firm holds significant control. He described Polymarket as a peer-to-peer, transparent marketplace where users set prices and odds. The platform has seen over $1 billion in betting volume, particularly in U.S. presidential markets, with Donald Trump currently holding a 64.1% probability of winning against Kamala Harris. @CryptoBuzzPosts 🐝 ~ ~

Ethereum Layer 2 Networks See Decline in Total Value Locked Click to see more

Cardano founder Charles Hoskinson Has Change of Heart for Bitcoin, Here’s Why 🐝 ~ ~ Cardano founder Charles Hoskinson recently expressed optimism about Bitcoin’s future, believing its decentralized finance (DeFi) market could outgrow those of Solana and Ethereum. This shift follows Hoskinson’s earlier criticisms of Bitcoin, where he suggested it might not survive in the long term. His change in stance is likely influenced by Cardano’s new integration with the Bitcoin network via a bridge called BitcoinOS Grail. This integration allows for hybrid applications and paves the way for DeFi on Bitcoin. Hoskinson also plans to relaunch the Bitcoin Education Project in 2025 and aims to support BTC developers with educational resources. @CryptoBuzzPosts 🐝 ~ ~

Solana registers new all-time high in daily transaction-related fees 🐝 ~ ~ On October 24, transaction-related fees on Solana (SOL) reached a record $11 million, driven by heightened activity in decentralized finance (DeFi) and propelled by AI memecoins. Decentralized exchanges on Solana recorded over $2.6 billion in trading volume the same day. The rise in “real economic value” (REV) coincides with the popularity of AI-related tokens, notably the memecoin Goatseus Maximus (GOAT), which has a market cap of $650 million. Additionally, the memecoin-focused launchpad Pump.fun achieved a milestone with over 36,000 deployed tokens and led weekly trading volumes on Solana, surpassing 1 million SOL in revenue shortly after its launch. @CryptoBuzzPosts 🐝 ~ ~

Microsoft to hold BTC on its balance sheet? 🐝 ~ ~ A proposal from the National Center for Public Policy Research at Microsoft’s annual meeting suggests the company diversify its assets by investing in bitcoin, given its $484 billion asset base. Acknowledging bitcoin’s volatility, the proposal argues for holding at least 1% of assets in BTC, referencing MicroStrategy’s significant holdings and impressive stock performance. However, Microsoft’s Board opposed the proposal, emphasizing the need for stable investments for operational liquidity. They noted that while they have evaluated cryptocurrencies previously, the company is not dismissing future considerations of bitcoin, signaling a cautious openness to the crypto landscape. @CryptoBuzzPosts 🐝 ~ ~

Are Whales Holding Back on This Rally? 🐝 ~ ~ ApeCoin (APE) has experienced a 63.86% price surge in the last week, but skepticism persists among key holders as the number of wallets containing 1-10 million APE has declined since October 19. This drop signifies a lack of confidence from whale investors. Although Yuga Labs announced the launch of ApeChain, whale activity remains low, hindering APE’s potential to sustain its rally. The current ADX value of 22.91 suggests a weak trend, and while buying pressure exceeds selling, significant upward momentum is lacking. Key resistances are at $1.47 and $1.82, while support levels lie at $1.12 and $0.94. @CryptoBuzzPosts 🐝 ~ ~

Peter Todd Says He Isn’t in Hiding After Being Fingered as Satoshi Nakamoto, But Taking ‘Security Measures’ 🐝 ~ ~ Peter Todd, a Bitcoin Core developer, has recently been implicated as the pseudonymous creator of Bitcoin, Satoshi Nakamoto, in an HBO documentary. He firmly denies these claims and has enhanced his security without publicizing the details. Despite suggestions that he is in hiding, Todd attended a Bitcoin conference in Lugano, Switzerland, and plans to speak at more events. While the documentary director, Cullen Hoback, presents circumstantial evidence linking Todd to Satoshi, many in the crypto community find these claims unconvincing. Todd dismissed Hoback’s arguments as “ludicrous,” asserting he has not been recognized or harassed since the documentary’s release. @CryptoBuzzPosts 🐝 ~ ~

Top Satoshi Candidate Exposes Real Satoshi 🐝 ~ ~ Canadian Bitcoin developer Peter Todd reacted to a new Satoshi Nakamoto statue in Lugano, Switzerland, by mocking filmmaker Cullen Hoback, who recently claimed Todd is Satoshi in a widely criticized HBO documentary. Following the documentary’s release, Todd reportedly went into hiding due to safety concerns. He humorously posted images of the statue and Hoback in similar poses, suggesting it inadvertently reveals Satoshi’s identity. Todd accused Hoback of “grasping at straws” in his arguments, which relied on questionable evidence. Despite the backlash, Hoback maintains that Todd is “a master of game theory,” while the mystery of Satoshi’s identity persists. @CryptoBuzzPosts 🐝 ~ ~

Solana Breakout From Bullish Pattern Could ‘Send SOL To The Moon’ – Crypto Analyst 🐝 ~ ~ Solana (SOL) has gained 32% in the past fifteen days, outperforming Bitcoin and many altcoins, leading to increased optimism from analysts and investors. Notably, investor Carl Runefelt highlighted a potential breakout from a “Cup & Handle” pattern, indicating a possible target of $370, reflecting a 115% surge. Currently trading at $171, SOL must maintain this support level to push towards $185, a crucial resistance point. Although a dip to $160 might occur, it wouldn’t disrupt the overall bullish trend. Investors are closely watching these levels as they gauge Solana’s potential for continued upward momentum. @CryptoBuzzPosts 🐝 ~ ~

Solana and XRP whales in a buying frenzy after new altcoin surges 218% 🐝 ~ ~ As altcoin season approaches, investors are gravitating towards Rollblock, which has provided early backers with 218% gains, capturing the interest of crypto whales. Unlike established tokens like Solana and Ripple, Rollblock targets the $500 billion gambling industry with unique Web3 solutions that enhance player experience while ensuring security and anonymity. It has raised over $4.6 million in liquidity through a presale, backed by a revenue-sharing model that enables passive income for holders. Meanwhile, Solana faces declining transaction volumes and investor concerns, while Ripple navigates legal challenges with the SEC as it prepares for its stablecoin launch. @CryptoBuzzPosts 🐝 ~ ~

Circle CEO Confirms IPO Plans Remains Intact, Here’s Timeline 🐝 ~ ~ Circle Internet Financial, issuer of the USDC stablecoin, remains committed to its long-pursued IPO despite delays. CEO Jeremy Allaire highlighted the company’s strong financial position and solid business development while awaiting SEC approval for their draft statement filed in January. Originally, Circle attempted a SPAC partnership with Concord Acquisition Corp. to go public in 2022, but the deal fell through. Although the IPO timeline remains unclear, it may occur in early 2025. Meanwhile, Circle enhances its workforce and advocates for clearer stablecoin regulation, while expanding its presence in the EU and Australia amid growing market influence. @CryptoBuzzPosts 🐝 ~ ~

Retail investors dominate demand for spot Bitcoin ETFs – Binance Research 🐝 ~ ~ Retail investors are driving the adoption of spot Bitcoin exchange-traded funds (ETFs), making up 80% of total demand, as reported by Binance Research. Cumulative holdings in Bitcoin ETFs have exceeded 938,700 BTC, valued at around $63.3 billion, illustrating a significant demand and making up 5.2% of Bitcoin’s supply. Spot Bitcoin ETFs have captured over $20 billion in net inflows in their first ten months, outpacing gold ETFs dramatically. While institutional involvement has grown with over 1,200 institutions now participating, retail investors continue to dominate, shifting their assets to ETFs for regulatory protection and accessibility, enhancing market stability and liquidity. @CryptoBuzzPosts 🐝 ~ ~

Retail Investors Fuel 80% Demand for Bitcoin ETFs 🐝 ~ ~ Recent Binance research indicates that Bitcoin ETFs comprise an average of 26.4% of Bitcoin’s spot trading volume, highlighting their increasing market influence. In less than a year, Bitcoin ETFs attracted over $18.9 billion in net inflows, with 1,200 institutions participating, far surpassing the early involvement in Gold ETFs. Retail investors account for 80% of Bitcoin ETF demand, while institutional participation has risen by 30%. Millennials represent over 62% of investors in this space. In contrast, Ethereum ETFs experienced negative net flows recently, suggesting a disparity in investor interest between the two assets. @CryptoBuzzPosts 🐝 ~ ~