Back to growth! Bitcoin pumps above $65,000 🤑

Chinese monks recite chants to help investors in a bull market. It seems to be working 📈

China stimulus aims at its greatest wall of debt. To spur consumption China may need to spend up to $1.42 trillion or 7% of GDP 🇨🇳

Risk-on assets are rising, Bitcoin is trading above $66,000 🤑

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Top 7 token unlocks for this week 🔒

The total value of tokens unlocked this week will exceed $217 million. Given that the market has started to skyrocket, it's unlikely that these new unlocks will do much to slow the upward movement of these altcoins, but here they are 👇

• Axie Infinity (AXS) — $60.07M
• Arbitrum (ARB) — $49.82M
• EigenLayer (EIGEN) — $42.99M
• StarkNet (STARK) — $26.93M
• Polyhedra Network (PHN) — $17.27M
• ApeCoin (APE) — $11.24M
• Karrat (KARRAT) — $8.78M

#unlocks

✅ Total spot Bitcoin ETF trading volume surpassed $2.1 billion today, most of it was buying as we can see as BTC pumped up 5.3%, rising above $66k at one point 🔼

Daily Digest:

🔸 US President Joe Biden warned Iran, saying that any attempt to kill Donald Trump would be an act of war

🔸 Monochrome Asset Management is preparing to launch Australia’s first spot Ethereum ETF on the CBOE ✨

🔸 The fraudster accused of a $150 million crypto scam has gone on the run after his ankle monitor went dark

🔸 A man is suing Newport City Council in the UK for $647 million in damages after he was barred from searching for his missing 8,000 bitcoins in a landfill

🔸 Chinese researchers using a quantum computer claim to have breached the encryption algorithms used in banking and crypto

🔸 Vitalik Buterin pondered several potential improvements to Ethereum’s proof-of-stake model 🕔

🔸 Someone lost $1.3 million simply due to signing scam transaction

🔹 Prices:

🥇 Bitcoin - $66,120 (↑5.3%)
✨ Ethereum - $2,630 (↑6.6%)
🧪 S&P 500 - 5,859 (↑0.77%)
🕗 DXY - 103.21 (↑0.31%)
🌉 Gold - 2,650 (↑0.06%)

Next target: 100k 🐂

Bitcoin reserves on centralized exchanges just hit a new record low, which signals that investors are moving their BTC to private wallets, reducing the supply available for trading, supply shock = bullish 🧪

The Central Bank of the United Arab Emirates has granted preliminary approval for the launch of a first-ever dirham-pegged stablecoin 🇦🇪

Shares in Metaplanet rallied 15.7% today after the Japanese investment firm announced its latest purchase of 107 bitcoins 🔼

United States spot Bitcoin ETFs saw their biggest one-day inflow in over four months. The 11 ETFs saw aggregate net inflows of $555.9 million yesterday 💰

🔹 Last 24 hours top 3 gainers:

Bitcoin Cash - $361.32 (↑9.55%)
Notcoin - $0.009 (↑7.34%)
Ethena - $0.433 (↑7.72%)

#GM

The fun continues: Price of Bitcoin has surpassed $67,000 📈

ETH to $6,000 in 2025? 😮

As you can see, Ethereum pumped by at least 100% each time after bouncing off the lower boundary of the ascending price channel 🧪

Will we see Ethereum at $6,000 in 2025 if the bull market continues?

Vote with emojis:

Yes — 🐳

No — 😢

Understanding Smart Contracts in Crypto 📜

Smart contracts are self-executing code that runs on blockchain networks like Ethereum. They automatically perform actions when specific conditions are met, cutting out the need for middlemen 🤝

In crypto, smart contracts power decentralized applications (dApps). This lets you trade tokens, lend or borrow assets, and even play blockchain games — all without a central authority.

🤔 Why does this matter? Smart contracts make transactions transparent and secure. For example, in DeFi platforms, you can earn interest by staking your crypto, and smart contracts handle payouts automatically.

For example, NFTs (Non-Fungible Tokens) use smart contracts to verify and transfer ownership of digital art or collectibles. When you buy an NFT, the smart contract ensures the asset is transferred to you securely.

Without smart contracts you would need someone you trust to arrange a deal with a seller of NFT, smart contracts on the other side are trustless way to trade 😎

#FAQ

✅ Today, Bitcoin price suddenly jumped to nearly $68,000 ruining $285 million worth of short positions but it didn't take long for the market to start retracing 📉

Daily Digest:

🔸 Netanyahu tells U.S. that Israel will strike Iranian military, not nuclear or oil, targets

🔸 Goldman Sachs thinks the Fed has already hit 2% inflation target 📊

🔸 Website of World Liberty Financial, the Trump-backed crypto platform went down during the token sale

🔸 The Central Bank of the UAE has granted preliminary approval for the launch of a first-ever dirham-pegged stablecoin

🔸 Metaplanet, the Japanese investment firm announced the purchase of 107 bitcoins 🛒

🔸 Bitcoin ETFs saw their biggest one-day inflow of $555.9 million yesterday

🔸 Canary Capital has filed registration documents for a spot Litecoin ETF

🔹 Prices:

🥇 Bitcoin - $66,587 (↑1.0%)
✨ Ethereum - $2,592 (↓1.1%)
🧪 S&P 500 - 5,815 (↓0.76%)
🕗 DXY - 103.22 (↓0.07%)
🌉 Gold - 2,661 (↓0.04%)

The new season of meme coin mania is in full swing, with the meme sector outperforming all others, and yesterday saw 25,402 new meme coins created - the most ever 📈

Wallets associated with Elon Musk's Tesla have moved more than 11,500 BTC ($760 million) to other wallets 🔍

Only 7.5% of respondents to a university survey in El Salvador said they had used cryptocurrencies for transactions, while 92% admitted they had not 🇸🇻

Praxis, which bills itself as the world’s first “Network State,” announced it has secured $525 million to build a tech-forward city that will support the development of crypto, AI, energy, and biotech 🌆

So far, World Liberty Financial, the Donald Trump-backed DeFi project, has sold 638 million WLFI tokens in its public sale, worth $9.57 million 🕑

🔹 Last 24 hours top 3 gainers:

Dogecoin - $0.126 (↑9.71%)
Litecoin - $71.36 (↑6.73%)
Bitcoin SV - $51.21 (↑5.37%)

#GM

In the prediction market, Donald Trump is already ahead of Harris by more than 20% in the likelihood of winning the upcoming election 🇺🇸

In fact, Trump is now ahead in every swing state 📊

This should not be excluded from the current factors for market growth, as Trump is associated with a bullish sentiment 🐂

Italy's Deputy Finance Minister, said the government will raise taxes on capital gains on crypto such as Bitcoin to 42% from 26% 🇮🇹

It's hard to call it anything other than stealing 🤷‍♀️

• The government does nothing to help you make money from crypto investments.

• When you get scammed, you're on your own.

• When your investment depreciates, it's your own fault.

• But when you earn something, for some reason you have to pay them almost half of it 😠

✅ Bitcoin reached above $68,000 during this morning's spike, the market is green and it seems that this time the bulls were able to break through resistance at the key liquidity level 📈

Daily Digest:

🔸 Italy's government will raise taxes on capital gains on crypto such as Bitcoin to 42% from 26% 🇮🇹

🔸 More than $50 million has been lost from a cybersecurity breach at the Radiant lending protocol

🔸 Wallets associated with Tesla have moved more than 11,500 BTC ($760 million) to other wallets

🔸 USDT issuer Tether counted 330 million on-chain wallets and accounts that use their stablecoin

🔸 Only 7.5% of respondents in El Salvador said they had used cryptocurrencies for transactions 📊

🔸 Praxis, which bills itself as the world’s first “Network State,” announced it had secured $525 million

🔸 Turns out Donald Trump will get 75% of World Liberty revenue

🔹 Prices:

🥇 Bitcoin - $67,654 (↑1.4%)
✨ Ethereum - $2,611 (↑0.8%)
🧪 S&P 500 - 5,842 (↑0.47%)
🕗 DXY - 103.52 (↑0.25%)
🌉 Gold - 2,674 (↑0.02%)

Every time you think you're smarter than the market, watch this video 👀

Bitcoin is now the sixth-largest monetary asset in the world just behind the Japanese yen 🥇

On October 16, Bitcoin spot ETF had a total net inflow of $459 million. BlackRock's spot Bitcoin ETF attracted $393.8 million in inflows in just one day 🧪

Georgia’s political opposition has partnered with Rarilabs and wants to release a new blockchain solution for public administration 🇬🇪

Ethereum co-founder Vitalik Buterin set a goal of 100,000 transactions per second for Ethereum in his new blog post 🕔

76% of Asia-based family offices and high-net-worth individuals have crypto exposure, according to a new report 📊

🔹 Last 24 hours top 3 gainers:

XRP - $0.553 (↑1.56%)
Helium - $5.96 (↑0.19%)
Injective - $21.36 (↑1.17%)

#GM

The potential of Tesla's Optimus robot is amazing. It moves freely, can move objects with precision, and can talk 🤖

All of which makes you wonder how soon robots will be able to replace humans in the workplace? The answer is simple: they already are 😳

Estimates show that by 2030, 85 million jobs in the U.S. will be replaced by AI, machines, and robots 🤖

By 2025, only 53% of the world's jobs will be performed by humans. The remaining 47% will be left to machines 📊

Bitcoin performs best in times of monetary expansion. The more cheap money enters the economy, the faster crypto grows 🔼

As you can see, in the periods after 2020 when $6 trillion was injected into the economy, BTC outperformed other markets by a wide margin 📊

From April 2022 to February 2024, M2 (the total money supply) was declining and in the last 9 months, it started to grow again 👀