๐ BlackRock BUIDL Fund Transfers USDC to Ondo Finance
#BlackRock #BUIDL #Fund #USDC #OndoFinance #Circle #crypto #transactions
According to Foresight News, Arkham monitoring data reveals that the BlackRock BUIDL Fund marked address has transferred a total of 964,315 USDC to Ondo Finance through three transactions starting last night. The most recent transaction occurred five hours ago.
Transaction data indicates that the related address received 10 million USDC from a Circle hot wallet address two days ago. Over the past two days, approximately 1.56 million USDC has flowed out. Currently, the BlackRock BUIDL Fund marked address holds a total of around 88.472 million USDC.#BlackRock #BUIDL #Fund #USDC #OndoFinance #Circle #crypto #transactions
๐ Bank Of England Expected To Accelerate Rate Cuts
#BankOfEngland #RateCuts #Inflation #GoldmanSachs #WageData #Economics #FinancialMarket #InterestRates #UKEconomy
According to Odaily, a research report by Goldman Sachs indicates that the Bank of England is expected to accelerate its rate cuts. The report highlights that inflation and wage data, along with recent communications from the Bank of England, suggest a widespread market expectation of a 25 basis point rate cut in November. If inflation continues to decline, there are minimal obstacles to speeding up the rate cut process. Goldman Sachs economists still anticipate that by September 2025, the Bank of England will have consecutively reduced rates to 3%, which is faster than current market pricing.#BankOfEngland #RateCuts #Inflation #GoldmanSachs #WageData #Economics #FinancialMarket #InterestRates #UKEconomy
๐ Meme Coin Analyst Reports Surge In New Tokens On Pump.fun
#MemeCoin #TokenLaunch #PumpFun #MarketCapitalization #Raydium #Cryptocurrency #Sibel
According to Odaily, meme coin analyst Sibel recently shared on X that a total of 248,400 new tokens were launched on pump.fun this month. Out of these, only 3,255 tokens were listed on Raydium. Notably, two of these tokens have achieved a market capitalization exceeding $100 million.#MemeCoin #TokenLaunch #PumpFun #MarketCapitalization #Raydium #Cryptocurrency #Sibel
๐ Trader Faces Significant Loss After Erebus Token Plunge
#Trader #ErebusToken #SOL #Cryptocurrency #TokenPlunge #Loss #OnchainLens #Investment #MarketCrash #CryptoTrading
According to Odaily, Onchain Lens monitoring revealed that a trader purchased 6.9 million Erebus (EREBUS) tokens at a high price, spending 604 SOL (equivalent to $94,000). Following the purchase, the token's value plummeted, compelling the trader to sell their holdings for just 46 SOL (approximately $7,000), resulting in a substantial loss of $87,000.#Trader #ErebusToken #SOL #Cryptocurrency #TokenPlunge #Loss #OnchainLens #Investment #MarketCrash #CryptoTrading
๐ Ethereum Accumulation Wallets Hold $50.2 Billion Worth Of Ether
#Ethereum #Ether #AccumulationWallets #Cryptocurrency #NFT #Blockchain #Investment #SpotETFs #VitalikButerin #CryptoMarket #FuturesMarket #PriceCorrection #ETH
According to Cointelegraph, around $50.2 billion worth of Ether is currently locked in accumulation wallets, nearly double the amount held at the start of 2024. CryptoQuant contributor Burakkesmeci noted in an Oct. 20 analyst report that by October 18, 2024, the total amount of Ethereum in accumulation addresses had surpassed 19 million ETH. At the time of publication, with Ether trading at $2,645, this amounts to approximately $50.2 billion.
Burakkesmeci highlighted that the amount of Ethereum locked in accumulation addressesโaddresses of long-term investors with no prior withdrawalsโhas increased by 65% since January when there were about 11.5 million ETH in these addresses. He opined that the total will exceed 20 million by the end of 2024, basing much of his reasoning on the anticipation behind the launch of spot Ether ETFs in July. Since launching on July 23, spot Ether ETFs have recorded total net outflows of $467.3 million, according to Farside data.
On October 15, Cointelegraph reported that Ethereum investors are disappointed as its supply continues to increase despite high network usage. In a recent blog post, Ethereum founder Vitalik Buterin acknowledged this issue and suggested that improving transaction times through solutions like single-slot finality could help. On the same day, the aggregate Ether futures addressable market surpassed 5 million ETH for the first time, representing a 12% increase from four weeks prior. This surge in demand for leveraged ETH positions has caused concern among traders, as they believe it could be a warning flag, typically preceding severe price corrections.#Ethereum #Ether #AccumulationWallets #Cryptocurrency #NFT #Blockchain #Investment #SpotETFs #VitalikButerin #CryptoMarket #FuturesMarket #PriceCorrection #ETH
๐ Ethereum's Inflation Rate Lower Than Bitcoin And Gold
#Ethereum #Bitcoin #Gold #InflationRate #ETH #BullMarket #OnchainFoundation #LeonWaidmann #BTC
According to Odaily, Leon Waidmann, Research Director at Onchain Foundation, stated on X that Ethereum's annual inflation rate stands at +0.31%, which is lower than that of Bitcoin and gold. Since the Merge, a total of 135,000 ETH has been burned. Waidmann emphasized that the bullish potential of ETH is still underestimated as the true bull market has yet to begin.#Ethereum #Bitcoin #Gold #InflationRate #ETH #BullMarket #OnchainFoundation #LeonWaidmann #BTC
๐ SpaceX Conducts 100th Orbital Launch Of The Year
#SpaceX #Falcon9 #orbitallaunch #OneWeb #rockets #satellites #VandenbergSpaceForceBase #100thlaunch
According to Odaily, on October 19 at 22:13 local time (October 20 at 13:13 UTC+8), SpaceX successfully launched a Falcon 9 rocket carrying 20 satellites for OneWeb from Vandenberg Space Force Base. This marks SpaceX's 100th orbital launch of the year. The Falcon 9 rocket's first-stage booster used in this mission had previously completed six launches.#SpaceX #Falcon9 #orbitallaunch #OneWeb #rockets #satellites #VandenbergSpaceForceBase #100thlaunch
๐ Indian Actress Tamannaah Bhatia Questioned Over Alleged Crypto Scam Promotion
#TamannaahBhatia #CryptoScam #HPZToken #Investigation #IPL #IllegalGambling #EnforcementDirectorate #Fairplay #Scam #CelebrityEndorsement
According to PANews, Indian actress Tamannaah Bhatia is under scrutiny by the Enforcement Directorate (ED) for allegedly promoting the 'HPZ Token' platform, which is accused of defrauding investors through a cryptocurrency scheme. Authorities are investigating whether she endorsed the scam and if she promoted IPL content related to illegal gambling. It remains unclear if Tamannaah Bhatia was involved, but the investigation is ongoing.
Previously, Tamannaah Bhatia was questioned in Maharashtra over similar allegations. Investigators examined her promotion of the Fairplay betting application, which is under investigation for encouraging the viewing of IPL matches linked to illegal gambling. Reports indicate that Tamannaah Bhatia promoted IPL content on Fairplay, raising concerns about her role in supporting dubious activities. Investigators are also reviewing her appearances in HPZ Token events, where she received appearance fees, to determine if her endorsements contributed to legitimizing the platform, now alleged to be part of a scam.#TamannaahBhatia #CryptoScam #HPZToken #Investigation #IPL #IllegalGambling #EnforcementDirectorate #Fairplay #Scam #CelebrityEndorsement
๐ First Phishing Attack Reported on ApeChain
#PhishingAttack #ApeChain #Web3 #g8keep #Cryptocurrency #Security #FundsLost #Blockchain #APE
According to Odaily, Pop Punk, co-founder of the Web3 security and transparency platform g8keep, announced on X that he has become the first person to lose funds due to a phishing attack on ApeChain. Screenshots shared by Pop Punk reveal that the address pop-punk.ape transferred approximately 145,841 APE, equivalent to around $110,000, to an address labeled Fake_Phishing381 after ApeChain went live.#PhishingAttack #ApeChain #Web3 #g8keep #Cryptocurrency #Security #FundsLost #Blockchain #APE
๐ Michael Saylor Predicts Bitcoin's Annual Growth Over Next 21 Years
#MichaelSaylor #Bitcoin #Growth #MicroStrategy #Investment #Cryptocurrency #FutureWealth
According to Odaily, MicroStrategy founder Michael Saylor recently shared his optimistic outlook on Bitcoin's future. In a recent interview, Saylor stated, 'My view is that over the next 21 years, Bitcoin will appreciate by 29% annually.'#MichaelSaylor #Bitcoin #Growth #MicroStrategy #Investment #Cryptocurrency #FutureWealth
๐ Experts Discuss Blockchain's Role In Future AI Development
#Blockchain #AI #GenerativeAI #AutonomousAI #FutureTechnology
According to Odaily, Placeholder partner Chris Burniske recently commented on social media platform X, stating, 'Whether or not you believe GOAT is machine-generated, this signifies the beginning of people and machines recognizing the extent to which machines will utilize blockchain.' Raoul Pal, former Goldman Sachs executive and founder of macro research firm Real Vision, responded, 'That's right, this showcases the power of future autonomous generative AI.'#Blockchain #AI #GenerativeAI #AutonomousAI #FutureTechnology
๐ ApeChain Records Over 360,000 Transactions Within 12 Hours Of Launch
#ApeChain #blockchain #transactions #crypto #development #tokens #smartcontracts #launch #adoption #APE
According to BlockBeats, ApeChain has achieved significant milestones within its first 12 hours of operation. The blockchain platform recorded over 360,000 transactions, accumulating transaction fees amounting to 495.17 APE tokens. This rapid activity highlights the platform's immediate adoption and usage by the community.
In addition to the high transaction volume, ApeChain has also seen substantial development activity. Currently, there are 1,204 deployed contracts on the platform, including 45 token contracts. This level of deployment indicates a robust interest from developers and projects looking to utilize ApeChain's capabilities. The swift uptake and extensive contract deployment underscore the potential of ApeChain in the blockchain ecosystem.#ApeChain #blockchain #transactions #crypto #development #tokens #smartcontracts #launch #adoption #APE
๐ Moonwell Joins Circle Alliance Program
#Moonwell #CircleAlliance #USDCAnywhere #Ethereum
According to Odaily, Moonwell has announced its participation in the Circle Alliance Program via X. By leveraging features such as USDC Anywhere, Moonwell aims to facilitate seamless and secure transfers on major Ethereum networks.#Moonwell #CircleAlliance #USDCAnywhere #Ethereum
๐ Web3 Market Still in Early Stages, Says Orbitt Co-Founder
#Web3 #Blockchain #MemeTokens #FinancialMarkets #EarlyStages #Orbitt #ArturGuliลski
According to PANews, Orbitt co-founder Artur Guliลski has stated that the Web3 market is still in its early stages, with many participants viewing it as a 'lottery.' This trend is particularly evident in blockchain ecosystems where meme tokens hold significant influence. Guliลski noted that these characteristics distinguish current Web3 traders from those in the more stable traditional financial markets.#Web3 #Blockchain #MemeTokens #FinancialMarkets #EarlyStages #Orbitt #ArturGuliลski
๐ Ripple's Chief Legal Officer Clarifies Market Securities
#Ripple #SecuritiesMarket #StuartAlderoty #Cryptocurrency #ConcertTickets #MarketRegulation
According to PANews, Ripple's Chief Legal Officer Stuart Alderoty emphasized on the X platform that not every market is a securities market. He explained that secondary markets for items like concert tickets do not make them securities, similar to trading cryptocurrencies. In his post, Alderoty shared an example of Taylor Swift concert tickets to illustrate his point.#Ripple #SecuritiesMarket #StuartAlderoty #Cryptocurrency #ConcertTickets #MarketRegulation
๐ Investor Turns $3,000 Into $9 Million In Three Days
#Investor #Crypto #GNON #Investment #Success #Profit #Blockchain #Wealth
According to PANews, a monitored address has remarkably transformed $3,000 into $9 million within just three days, achieving a return of 3,000 times. The address spent $3,000 to purchase 56 million GNON tokens through three wallets and has sold only a small portion of them. Currently, the address holds 55.18 million GNON tokens across four wallets, with a total value exceeding $9 million.#Investor #Crypto #GNON #Investment #Success #Profit #Blockchain #Wealth
๐ Trader Suffers Significant Losses From Meme Coin Purchases
#Trader #MemeCoins #Losses #FOMO #Investments #Blockchain #Cryptocurrency #SOL
According to BlockBeats, on October 20, Lookonchain monitoring revealed that a trader experienced substantial losses after purchasing five different meme coins within a span of just five hours. The trader, driven by FOMO (fear of missing out), incurred a total loss of 274 SOL, equivalent to approximately $43,500. The return rate on these investments was -67.89%.#Trader #MemeCoins #Losses #FOMO #Investments #Blockchain #Cryptocurrency #SOL
๐ Whale Boby1337.eth Stakes 34,900 EIGEN on EigenLayer
#Whale #boby1337 #EIGEN #EigenLayer #staking #crypto #PANews #investment
According to PANews, whale 'boby1337.eth' has staked 34,900 EIGEN tokens, valued at approximately $128,000, on EigenLayer three hours ago. This brings the total staked EIGEN by this whale to 3.05 million tokens, worth around $11.2 million. Last month, 'boby1337.eth' received 2.52 million EIGEN tokens and subsequently purchased an additional 530,000 EIGEN tokens.#Whale #boby1337 #EIGEN #EigenLayer #staking #crypto #PANews #investment
๐ ApeChain Sees $25 Million Trading Volume Within First 12 Hours
#ApeChain #Camelot #DEX #tradingvolume #liquiditypools #blockchain
According to Odaily, the multi-chain decentralized exchange (DEX) Camelot has reported significant activity on ApeChain within the first 12 hours of its launch. The trading volume reached $25 million, and over 148 liquidity pools were created during this period.#ApeChain #Camelot #DEX #tradingvolume #liquiditypools #blockchain
๐ Evercore ISI Predicts Further Fed Rate Cuts Amid Market Concerns
#EvercoreISI #FederalReserve #RateCuts #MarketConcerns #LaborMarket #BeigeBook #MarketVolatility #Inflation
According to PANews, investment banking advisory firm Evercore ISI believes that market concerns over a reduced rate cut by the Federal Reserve are exaggerated. The firm argues that the Fed has strong reasons to support two more rate cuts this year to maintain a robust labor market. In a report released on Friday, Evercore ISI analysts stated, 'Although rate cuts are not guaranteed as more data accumulates, we believe market volatility regarding the Fed's rate cuts in November and December is overstated. Currently, a November rate cut is very certain, and a December cut is highly likely.'
Next week, the Federal Reserve's Beige Book will be the most significant event. Additionally, several Fed policymakers are scheduled to speak, which could increase market volatility. Evercore ISI suggests that the Fed is unlikely to be swayed by recent data, as its primary goal is to bring rates back to a 'more neutral level to maintain a strong labor market while inflation returns to target levels.'#EvercoreISI #FederalReserve #RateCuts #MarketConcerns #LaborMarket #BeigeBook #MarketVolatility #Inflation