🚀 Bitcoin And Gold Show Diverging Trends Over The Past Year
#Bitcoin #Gold #InvestmentTrends #MarketAnalysis #Correlation #BullMarket #Cryptocurrency #PreciousMetals #BTC
According to Odaily, over the past 12 months, the Total World Indices have risen by 28%, with both Bitcoin and gold thriving in the global bull market. However, unlike gold, which is at its historical peak, Bitcoin remains 6% below its all-time high. Notably, the standard correlation value between Bitcoin and gold has dropped from over 50% four years ago to nearly 0 today. The similarities in the 90-day smoothed price charts of Bitcoin and gold are also at an all-time low.
Specifically, in October 2020, Bitcoin's average daily return over a 90-day rolling period had a 50% positive correlation with gold's 90-day rolling returns. Currently, Bitcoin trades entirely independently of gold. The 90-day correlation between Bitcoin and gold now stands at just 0.04, indicating that over a three-month rolling period, gold's average returns have almost no impact on Bitcoin's average returns.#Bitcoin #Gold #InvestmentTrends #MarketAnalysis #Correlation #BullMarket #Cryptocurrency #PreciousMetals #BTC
🚀 Trader Discusses Long-Term Market Stability and AI Token Analysis
#Trader #MarketStability #AIToken #LongTermInvestment #Philosophy #Bitcoin #GNON #LanguageModels #BTC
According to Odaily, trader Eugene Ng Ah Sio shared his views on the X platform, emphasizing the importance of unchangeable philosophies that do not require continuous content generation for sustainable defense. He noted that the emergence of large language models (LLMs) on platforms like Twitter indicates that incumbents are increasingly vulnerable to various attack vectors over time, including more advanced LLMs playing different roles. Ng Ah Sio suggested that new religions and cults intuitively seem better suited as focal points for long-term market consensus, drawing a parallel to the origins of Bitcoin (BTC). The accompanying image analyzed the philosophy behind the popular AI token GNON, hinting at potential market signals.#Trader #MarketStability #AIToken #LongTermInvestment #Philosophy #Bitcoin #GNON #LanguageModels #BTC
🚀 Cryptocurrency ATMs To Be Installed At 45 New Locations Across Five U.S. States
#Cryptocurrency #ATMs #Bitcoin #DigitalCurrency #Yesway #Coinflip #Texas #Iowa #ConvenienceStores #Blockchain
According to PANews, a new initiative will see cryptocurrency ATMs installed at 45 new locations across five U.S. states. Convenience store chain Yesway is partnering with digital currency platform Coinflip to provide customers with a seamless and secure way to buy and sell Bitcoin and other digital currencies. This expansion will make cryptocurrency more accessible in states such as Texas and Iowa, among others in the Southwest and Midwest regions.
Yesway, established in 2015, operates 435 convenience stores under the Yesway and Allsup brands across nine states, including Texas, New Mexico, and Iowa. The company is owned by BW Gas & Convenience Funds, a subsidiary of Brookwood Financial Partners LLC, and is the 12th largest convenience store operator in the United States. Coinflip, which operates the world's largest network of digital currency kiosks by transaction volume, has over 5,000 kiosks in nine countries, including the United States, Canada, and Brazil.#Cryptocurrency #ATMs #Bitcoin #DigitalCurrency #Yesway #Coinflip #Texas #Iowa #ConvenienceStores #Blockchain
🚀 Ripple's Legal Chief Confirms XRP Not Retail Security Amid SEC Appeal
#Ripple #XRP #SEC #LegalNews #DigitalAssets #SecuritiesLaws #CourtRuling
According to Odaily, Ripple's Chief Legal Officer Stuart Alderoty recently commented on the U.S. SEC's formal appeal in the Ripple case, affirming that the ruling which determined XRP is not a retail security remains unchanged. Alderoty stated on X, 'This is not surprising at all—once again, everything is clear. The court's ruling that 'XRP is not a security' has not been appealed. This decision is the law of the land.'
In its appeal, the SEC has challenged several key rulings, including the decision that Ripple executives Brad Garlinghouse and Chris Larsen's non-cash XRP distributions and sales did not violate securities laws. Ripple plans to file its own Form C next week as a cross-appeal against the institutional sales ruling. Both parties are preparing for an extended appeals process, which could impact the future classification and regulation of digital assets.
Previously, it was reported that the U.S. SEC had formally appealed Judge Analisa Torres' ruling on XRP. On Thursday, the regulatory body submitted Form C to the U.S. Court of Appeals for the Second Circuit.#Ripple #XRP #SEC #LegalNews #DigitalAssets #SecuritiesLaws #CourtRuling
🚀 Solana Co-Founder Highlights Blockchain's Simplicity And Efficiency
#Solana #blockchain #AnatolyYakovenko #efficiency #costeffective #simplicity #SOL
According to Odaily, Solana co-founder Anatoly Yakovenko recently took to X to emphasize the straightforward nature of the Solana blockchain. Yakovenko described Solana as a 'pure blockchain,' noting its lack of additional layers such as DA, L2, or L3. He highlighted that Solana is simply a fast and cost-effective blockchain, inviting users to explore and appreciate its capabilities.#Solana #blockchain #AnatolyYakovenko #efficiency #costeffective #simplicity #SOL
🚀 Kyber Network To Remove Cronos And BitTorrent Chains From KyberSwap
#KyberNetwork #KyberSwap #Cronos #BitTorrent #Blockchain #CryptoNews #OnChainTransactions
According to Odaily, Kyber Network recently announced on X that it plans to remove Cronos and BitTorrent chains from KyberSwap as part of ongoing efforts to simplify and enhance the platform. The removal is scheduled for early next week, and all related on-chain transactions will be halted. Users are not required to take any action in response to this change.#KyberNetwork #KyberSwap #Cronos #BitTorrent #Blockchain #CryptoNews #OnChainTransactions
🚀 ApeCoin Surges Past $1 Mark With Significant 24-Hour Gain
#ApeCoin #APE #cryptocurrency #priceincrease #24hourgain #BlockBeats
According to BlockBeats, ApeCoin (APE) has experienced a notable increase in its value. As of October 20, the cryptocurrency has surpassed the $1 mark, currently trading at $1.0065. This represents a significant 24-hour gain of 33.15%.#ApeCoin #APE #cryptocurrency #priceincrease #24hourgain #BlockBeats
🚀 Scam Sniffer Apologizes For New Fee Inconvenience, Aims To Improve Transparency
#ScamSniffer #FeeInconvenience #Transparency #UserNotification #DEXtransactions #AdvancedPlan #RefundPolicy
According to PANews, Scam Sniffer has issued an apology on the X platform for any inconvenience caused by the new fees for its extension. The company is working on enhancing its notification features to increase transparency for users.
Previously, Scam Sniffer updated its official documentation to include a 0.25% fee on selected DEX transactions. Users who disable the 'Enable Advanced Plan' option to avoid the fee may lose access to certain features. For paid users, Scam Sniffer has committed to refunding any remaining fees.#ScamSniffer #FeeInconvenience #Transparency #UserNotification #DEXtransactions #AdvancedPlan #RefundPolicy
🚀 Yuga Labs Partners With Wire Network To Enhance AI Capabilities
#YugaLabs #WireNetwork #BoredApeYachtClub #AI #Blockchain #CreatorEconomy #ApeChain #DecentralizedAI #GasFreeTransactions #CrossChainOperations
According to Odaily, Yuga Labs, the company behind the 'Bored Ape Yacht Club' (BAYC), has announced a partnership with Wire Network, a universal Layer 1 blockchain infrastructure designed specifically for the AI agent economy. Yuga Labs stated that as artificial intelligence becomes a central topic in the creator economy, this collaboration aims to transform how consumers and creators interact with AI agents. Wire Network will support ApeChain's decentralized AI features and offer services such as gas-free transactions and cross-chain operations.#YugaLabs #WireNetwork #BoredApeYachtClub #AI #Blockchain #CreatorEconomy #ApeChain #DecentralizedAI #GasFreeTransactions #CrossChainOperations
🚀 Pump.fun Generates Significant Revenue in Past Week
#PumpFun #Revenue #SOL #Odaily #OnchainLens #Cryptocurrency #Investment
According to Odaily, Onchain Lens monitoring data reveals that in the past seven days, pump.fun has generated a revenue of 76,279 SOL, equivalent to $11.68 million. The total revenue has reached 948,963 SOL, currently valued at $150 million.#PumpFun #Revenue #SOL #Odaily #OnchainLens #Cryptocurrency #Investment
🚀 Ethereum, Solana, And Tron TVL Show Mixed Performance Over The Week
#Ethereum #Solana #Tron #TVL #Blockchain #Defillama #Crypto #ETH #SOL #TRX
According to PANews, recent data from Defillama indicates varying trends in the Total Value Locked (TVL) across major blockchain platforms over the past week. Ethereum's TVL stands at approximately $48.664 billion, reflecting a 4.23% increase over the last seven days. Solana's TVL is around $6.023 billion, marking a 3.72% rise within the same period. In contrast, Tron's TVL has experienced a decline, dropping by 7.82% to about $6.865 billion.#Ethereum #Solana #Tron #TVL #Blockchain #Defillama #Crypto #ETH #SOL #TRX
🚀 DYdX Community Approves Support For Zebec Network
#dYdX #ZebecNetwork #ZBCN #cryptocurrency #blockchain #communityvote #DYDX
According to Odaily, the official governance page reveals that the dYdX community has voted to add support for Zebec Network (ZBCN) on the platform.#dYdX #ZebecNetwork #ZBCN #cryptocurrency #blockchain #communityvote #DYDX
🚀 ApeCoin Introduces Automatic Yield Mode for Passive Earnings
#ApeCoin #AutomaticYieldMode #PassiveEarnings #ApeChain #Blockchain #CryptoRewards #APE
According to BlockBeats, on October 20, ApeCoin announced via X that users holding ApeCoin on ApeChain can now benefit from an Automatic Yield Mode. This new feature allows users to earn rewards without the need for continuous claiming or staking of their tokens.
The Automatic Yield Mode is set as the default for all Externally Owned Accounts (EOAs), enabling them to automatically receive earnings with each block. This means that the APE balance in these addresses will increase with the rewards generated per block, eliminating the need for manual intervention.#ApeCoin #AutomaticYieldMode #PassiveEarnings #ApeChain #Blockchain #CryptoRewards #APE
🚀 ApeCoin Introduces Automatic Yield Mode For Passive Earnings
#ApeCoin #AutomaticYieldMode #PassiveEarnings #ApeChain #Rewards #Blockchain #Cryptocurrency #APE
According to Odaily, ApeCoin announced on platform X that it has introduced an Automatic Yield Mode. This new feature allows users holding ApeCoin on ApeChain to earn rewards without the need for continuous claiming or staking of their tokens. The Automatic Yield Mode is set as the default for all Externally Owned Accounts (EOAs), enabling users to automatically receive earnings with each block. This means that the APE balance in a user's address will increase with the rewards earned per block, eliminating the need for manual intervention.#ApeCoin #AutomaticYieldMode #PassiveEarnings #ApeChain #Rewards #Blockchain #Cryptocurrency #APE
🚀 Michael Saylor Predicts Companies Like Apple May Adopt Bitcoin
#MichaelSaylor #Bitcoin #Apple #MicroStrategy #cryptocurrency #balanceSheet #finance
According to Odaily, MicroStrategy founder Michael Saylor recently stated on the Markets with Madison program that companies such as Apple might incorporate Bitcoin into their balance sheets. However, Saylor emphasized that MicroStrategy will remain unique due to the significant proportion of Bitcoin in its valuation.#MichaelSaylor #Bitcoin #Apple #MicroStrategy #cryptocurrency #balanceSheet #finance
🚀 Vitalik Buterin Suggests Recurring Fees For ENS Domains Based On Demand
#VitalikButerin #ENS #Ethereum #RecurringFees #DomainMaintenance #CryptoCommunity #Blockchain #ETH
According to Foresight News, community user superthing.eth tweeted that Ethereum co-founder Vitalik Buterin has proposed that ENS (Ethereum Name Service) domains should charge recurring fees based on demand. The annual cost of maintaining a domain would reflect market demand.
In response, Vitalik Buterin confirmed that he still believes it is a good idea for ENS domains to implement recurring fees based on demand, particularly a version with a cap. This approach aims to align the cost of domain maintenance with the actual market demand, ensuring a fair and sustainable system for users.#VitalikButerin #ENS #Ethereum #RecurringFees #DomainMaintenance #CryptoCommunity #Blockchain #ETH
🚀 DeepBook Protocol Token Sees Significant 24-Hour Increase
#DeepBookProtocol #DEEP #SuiEcosystem #DeFi #TokenIncrease #Cryptocurrency #MarketValuation
According to BlockBeats, on October 20, the Sui ecosystem DeFi platform DeepBook Protocol's token, DEEP, is currently priced at $0.05932. This marks a 22% increase over the past 24 hours. The fully diluted valuation (FDV) of the token has reached $593 million.#DeepBookProtocol #DEEP #SuiEcosystem #DeFi #TokenIncrease #Cryptocurrency #MarketValuation
🚀 Dogecoin Co-Founder Sold All DOGE In 2015 For $10,000, Now Worth Over $9 Million
#Dogecoin #ShibetoshiNakamoto #BillyMarkus #cryptocurrency #DOGE #BNB #blockchain #investment #altcoins #crypto
According to Odaily, Lookonchain monitoring has revealed that Dogecoin co-founder Shibetoshi Nakamoto, also known as Billy Markus (@BillyM2k), sold all his DOGE holdings in 2015 for $10,000 to purchase a car. The value of these tokens has since surged to over $9 million, with a peak value exceeding $45 million.
Markus has created multiple new wallets to receive tips and has profited $780,000 this year by selling tokens he received for free. Three days ago, he sold BabyNeiro tokens he received for free, earning 12.2 BNB, equivalent to $7,243.#Dogecoin #ShibetoshiNakamoto #BillyMarkus #cryptocurrency #DOGE #BNB #blockchain #investment #altcoins #crypto
🚀 Arbitrum Orbit L3 ApeChain Launches on Mainnet
#Arbitrum #Orbit #L3 #ApeChain #Mainnet #ApeCommunity #Ecosystem #ARB
According to Odaily, Arbitrum announced on X that the Arbitrum Orbit L3 ApeChain has officially launched on the mainnet. The announcement extends an invitation to the Ape community to join the growing Arbitrum ecosystem.#Arbitrum #Orbit #L3 #ApeChain #Mainnet #ApeCommunity #Ecosystem #ARB
🚀 Stablecoin Market Sees Moderate Boost Amid Slow Growth
#Stablecoin #MarketCap #Ethereum #Tron #Blockchain #Crypto #TransferVolume #FinancialGrowth #BNBChain #Arbitrum #Base
According to Odaily, since the beginning of October, the stablecoin market has experienced a moderate boost, although overall growth remains relatively slow. The current market capitalization of stablecoins stands at approximately $172.7 billion, reflecting a 27.93% increase from the $134.99 billion recorded at the start of the year on January 27. Among these, 48.9% of stablecoins are on the Ethereum blockchain, while 34.92% circulate on the Tron blockchain. The BNB Chain follows with a 3.18% share, Arbitrum with 2.58%, and Base with 2.14%.
Notably, despite the significant expansion of the stablecoin market since the beginning of the year, the volume of transfers has been steadily declining since May. Data from Artemis Terminal indicates that after peaking at $3.6 trillion in May, the volume of stablecoin transfers has significantly decreased, dropping to $1.6 trillion last month. As of October, the recorded transfer amount is approximately $1.2 trillion.
While the number of active stablecoin addresses has also declined since March, the decrease is not as pronounced as the drop in transaction volume. Of the $1.2 trillion transferred this month, $309.2 billion was conducted on Ethereum, and Tron handled $282.9 billion in transfers. This means that Ethereum and Tron together accounted for 49.34% of the transfer volume in October.#Stablecoin #MarketCap #Ethereum #Tron #Blockchain #Crypto #TransferVolume #FinancialGrowth #BNBChain #Arbitrum #Base