⚡️ XRP is facing renewed legal pressure as the SEC appeals its case against Ripple Labs, leading to a 2% drop in XRP's price to $0.54. Analysts warn that if selling pressure continues, XRP could plummet by 30%, potentially dropping to $0.38.

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🔥 The European Commission (EC) has approved trading of options on spot Bitcoin ETFs on the New York Stock Exchange (NYSE).

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📊 Bitcoin ETFs have seen a surge, surpassing $2.1 billion in weekly inflows, with whale accumulation now mirroring the buildup before the 2020 rally.

👀 Could this signal another price surge for BTC?

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🕯 The Shiba Inu burn rate surged by 367%, with over 11.5 million SHIB incinerated across just two transactions, reflecting ongoing community efforts to control the token’s circulating supply. Despite this burn rate jump, SHIB’s market volume remains down, though its price has risen slightly, showing mixed market sentiment.

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🆕 Maverick Protocol’s integration with Coinbase Wallet streamlines access to swaps and Boosted Positions, offering users a simplified onboarding process and improved gas efficiency.

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🔽 Stablecoin transfer volumes have fallen sharply, dropping from a peak of $3.6 trillion in May to $1.2 trillion in October, despite stablecoins maintaining a significant role in the crypto economy.

🛡 Yet, stablecoins like USDE are increasingly held for yield-bearing purposes, suggesting a long-term investment trend.

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💰 Shiba Inu (SHIB) is nearing its first golden cross since December 2023, a technical indicator that could signal a potential price increase if the trend holds. However, market volatility may still affect its trajectory, so traders should proceed cautiously.

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☄️ The market capitalization of USDT has surpassed $120 billion

Currently, 120.17 billion USDT is in circulation, with 61.49 billion USDT (51.17%) circulating on the Tron Network and 54.48 billion USDT (45.34%) on the Ethereum network.

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📈 The Bitcoin network's hashrate has reached a new all-time high of 769.8 EH/s, following a difficulty adjustment that increased it by 8.97%.

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🔽 Chinese stocks saw their largest weekly outflow in nearly a decade, with $4.1 billion withdrawn amid market volatility and uncertainty.

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Real or fake?

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😩 We’re in the endgame now…

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💰 Ripple plans to launch its RLUSD stablecoin in the UAE by late 2024, building on its strong presence and regulatory approval in the Middle East.

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⚡️ Avalanche $AVAX has launched a Visa card for crypto payments

The new card allows users to make purchases using digital assets, and the waitlist registration is now open.

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⚠️ Binance will delist four altcoin trading pairs — ALGO/FDUSD, CHR/ETH, DGB/BTC, and GMX/BTC — on October 25, 2024.

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Who can relate? 🥲

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👀 Toncoin's (TON) active addresses have dropped to their lowest level in six months as the hype surrounding Telegram airdrops fades.

The decline is linked to user dissatisfaction with the low value of airdropped tokens from events like DOGS and Hamster Kombat, which led to a decrease in network activity and short-term holders. This sentiment, coupled with selling pressure, could push Toncoin’s price down to $4.46 unless future Telegram airdrops regain traction and boost demand.

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💰 Ethereum's average transaction fees have dropped to $1.63, which could lead to increased network usage, as historically, lower fees have encouraged greater activity on the blockchain, according to Santiment.

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I have the higher ground 😐

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⚡️ BREAKING: Ripple CEO Brad Garlinghouse has stated that an XRP ETF is "inevitable", citing growing institutional and retail demand for crypto-backed ETFs.

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