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 👀

✅ Bitcoin is down to $67,000 today while the amount of capital flowing into spot ETFs is even higher than yesterday. Many overbought altcoins down double-digit percentages 🌡

Daily Digest:

🔸 ECB lowered interest rate to 3.25% as analysts expected

🔸 Georgia’s political opposition wants to release a new blockchain solution for public administration

🔸 On October 16, Bitcoin spot ETF had a total net inflow of $459 million 📊

🔸 Ethereum co-founder Vitalik Buterin set a goal of 100,000 transactions per second for Ethereum

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

🔸 Bank of America warns that gold may be the final safe haven as US Treasuries face risks from rising national debt 🍫

🔸 FBI arrested alleged SEC hacker linked to fake SEC tweet saying Bitcoin ETFs were approved

🔹 Prices:

🥇 Bitcoin - $67,042 (↓1.2%)
✨ Ethereum - $2,603 (↓0.7%)
🧪 S&P 500 - 5,841 (↓0.02%)
🕗 DXY - 103.80 (↑0.20%)
🌉 Gold - 103.80 (↑0.68)

Let's hope so. Let's hope so 🤫

Since Monday not considering today investors have contributed more than $1.85 billion in net inflows into spot Bitcoin ETFs 🔼

EigenLayer's X account was compromised and posted phishing tweets. Someone already lost $800K worth of mETH after signing a "permit" phishing signature 🤥

DBS Bank, the largest bank in Singapore by assets, has rolled out a suite of new services dubbed “DBS Token Services” to enable blockchain-based banking 🔗

Dozens of addresses associated with the Scroll founding team received airdrop points ranging from tens of thousands to millions 😡

🔹 Last 24 hours top 3 gainers:

MEW - $0.009 (↑11.92%)
Dogecoin - $0.134 (↑9.87%)
Brett - $0.111 (↑9.44%)

#GM

Imagine that in 1996 you became a dollar millionaire and decided to keep all your savings in cash 👍

Today, just 28 years later, your savings would have depreciated by 50% due to inflation 🤬

That's considering that inflation in the US has been quite low on average relative to other countries like Turkey, Argentina, Venesuala 📊

In those countries, people's savings over that time period could be multiplied by zero 📉

What are stablecoins and how do they work? 🤑

Stablecoins are cryptocurrencies designed to maintain a stable value, usually pegged to assets like the US dollar. They offer the benefits of crypto without the extreme volatility, making them useful for trading, payments, and as a store of value.

There are mainly four types of stablecoins 👇

◾️ Fiat-Collateralized: Backed by fiat currency reserves held in banks. For example, USDC (Circle) is pegged 1:1 to the US dollar and claims to be backed by dollar reserves.

◾️ Commodity-Backed: Pegged to physical assets like gold or other commodities. PAX Gold (PAXG) is the stablecoin tied to the price of Gold, it's backed by real gold stored in vaults.

◾️ Crypto-Backed: Backed by crypto like Ethereum or other coins. DAI is the biggest such stablecoin.

◾️ Algorithmic Stablecoins: Maintain their peg using algorithms and smart contracts without actual reserves. Frax (FRAX) uses a combination of collateral and algorithms to stabilize its value relative to the USD.

🔍 Understanding stablecoins is crucial. For example, remember the collapse of algorithmic stablecoin TerraUSD? It showed how important it is to understand that even multi-billion dollar systems can fail, leading to UST losing 99.9% of its value.

It's important to store your "crypto dollars" safely. Right now, the safest stablecoin is likely USDC by Circle 🤑

#FAQ

✅ Today Bitcoin tried to climb above $69,000 but “bumped” into a serious resistance level after which the price returned to $68k. Meanwhile, the stock market and gold prices are breaking new records 📈

Daily Digest:

🔸 Morgan Stanley discloses $272 million Bitcoin ETF holding

🔸 SEC approved NYSE options trading on spot Bitcoin ETFs ✔️

🔸 EigenLayer's X account was compromised and posted phishing tweets

🔸 DBS Bank has rolled out a suite of new services dubbed “DBS Token Services”

🔸 Addresses associated with the Scroll founding team received airdrop points ranging from tens of thousands to millions: investigation 🔍

🔸 Imprisoned Binance executive Tigran Gambaryan failed to attend a Nigerian court hearing due to his poor health

🔸 BlackRock is promoting its new money market digital token BUIDL as collateral for crypto derivatives trading

🔹 Prices:

🥇 Bitcoin - $68,358 (↑1.6%)
✨ Ethereum - $2,639 (↑1.%2)
🧪 S&P 500 - 5,864 (↑0.40%) (New ATH) 🔼
🕗 DXY - 103.46 (↓0.35%)
🌉 Gold - 2,721 (↑1.06%) (New ATH) 🔼

Your ex-girlfriend comes back after Bitcoin reaches $100k 😅

Smart crypto portfolio allocation for bull market: Invest, Hold, and Trade 🚬

Allocating your crypto portfolio wisely is key to managing risk and maximizing gains. Manage your own risk, diversify, and remember: never go all in 🙅‍♂️

A common approach is to split your assets between long-term investments, stablecoins, and a portion for trading.

🤑 During the bull market, when you always want to have some long exposure, consider investing 40-60% of your portfolio in blue chip coins like BTC and ETH.

🤑 Keep 20-30% in assets that are liquid and safe during market swings, usually it's stablecoins. They let you quickly seize new opportunities, like buying dips when market goes down.

🕯 Allocate the remaining 10-20% for trading. This is your "fun money" to explore promising altcoins or engage in short-term trades. Only use an amount you feel comfortable risking and don't play with leverage higher than 10x.

#FAQ

Bitcoin has been in a sideways trend for the last 220 days on the high timeframe chart 🕯

Now we are approaching a very important price level, if the bulls manage to overcome it, the pump to the new ATH is likely to be very fast 🔼

The election is very soon, spot BTC ETFs have attracted over $2 billion this week, Fed is lowering the interest rate... Macro is bullish 🐂

Can Bitcoin hit a price high before 2025? Vote with emojis 👇

Yes — 🐳

No — 🫡

This trader bought a GNON token for only $3,000 just three days ago 🛒

After the new hype on tokens created by AI agents started, this meme coin has increased in value thousands of times 📈

His $3k investment has now turned into $5.9 million in unrealized profits.

Genius or insider?

But the liquidity in this trading pair is only $1.9 million. Therefore, he will not be able to fix even a third of his profits 👍

✅ It's been a very bullish week, with over $2 billion in net inflows into spot BTC ETFs helping the Bitcoin price almost reach the $69,000 mark, with 10 more days of ‘Uptober’ to come 📈

Weekly news digest:

💎 Crypto

🔸 Canary Capital has filed registration documents for a spot Litecoin ETF
 
🔸 Praxis, which bills itself as the world’s first “Network State,” announced it had secured $525 million
 
🔸 More than $50 million has been lost from a cybersecurity breach at the Radiant lending protocol

🔸 Georgia’s political opposition wants to release a new blockchain solution for public administration

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

NYSE and CBOE got SEC approval for Bitcoin ETF options trading

🔸 Scammer gets 5 years in prison for creating fake versions of the Coinbase website and using them to steal more than $20 million

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

💵 Finances and Economy

🔸 ECB lowered interest rate to 3.25% as analysts expected

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

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

⚖️ Law and Order

🔸 FBI arrested alleged SEC hacker linked to fake SEC tweet saying Bitcoin ETFs were approved

🔸 Italy's government will raise taxes on capital gains on crypto such as Bitcoin to 42% from 26% 🇮🇹
 
🔸 The Central Bank of the UAE has granted preliminary approval for the launch of a first-ever dirham-pegged stablecoin

🙊 Personalities

🔸 Ethereum co-founder Vitalik Buterin set a goal of 100,000 transactions per second for Ethereum

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

🔸 Mr. Beast made $10 million from meme coin pump&dump schemes 

🔸 Crypto influencer Jaypeg accused of promotional scam

🚀 Best performers of the week:

ApeCoin - $1.49 (↑110.9%)
Dogecoin - $0.1406 (↑29%)
Beam - $0.01807 (↑23.7%)

Join our chat 💬

Bulls are off to the best possible way to start the day 🔼

US Republican presidential candidate Donald Trump went to work at a McDonald's before holding an impromptu press conference, answering questions through a car service window 😁

Vitalik Buterin said in Shanghai that Ethereum has several important goals for the future: 100k TPS, cross-chain transfers within 2 seconds, unified user experience, and cross-chain security taking precedence over EVM 🕔

Elon Musk has started giving away $1 million every day to those who sign his ‘petition in support of The Constitution’ ✍️

Payment processing giant Stripe has acquired stablecoin platform Bridge in a $1.1 billion deal, this is one of the biggest acquisitions in crypto history 💰

Ripple Chief Legal Officer said that the court's ruling that "XRP is not a security" has not been appealed by the SEC ⚖️

🔹 Last 24 hours top 3 gainers:

ApeCoin - $1.5 (↑13.78%)
Cosmos Hub - $5.06 (↑12.69%)
MEW - $0.009 (↑11.36%)

#GM

Top 7 token unlocks for this week 🔒

The total value of altcoins unlocked over the next 7 days is relatively small at over $85 million, but next week is a whole different story 👀

• Ronin (RON) — $58.94M
• SPACE ID (ID) — $7.60M
• Yield Guild Games (YGG) — $6.56M
• Lazio Fan Token (LAZIO) — $4.90M
• GT Protocol (GTAI) — $2.70M
• NFPrompt (NFP) — $2.44M
• Forgotten Playland (FP) — $2.32M

#unlocks

⁉️ How to Stay Safe: Avoiding Scams and Protecting Your Crypto

• First, use reputable exchanges like Coinbase, Binance, or Kraken and wallets like MetaMask, Phantom, or Trust Wallet. These platforms have strong security measures to safeguard your funds 🔐

• Activate two-factor authentication (2FA) on all your accounts. Email, crypto exchange account, phone crypto apps, etc. This adds an extra layer of security and makes unauthorized access much more difficult.

• Be cautious of phishing attempts. Never click on suspicious links or emails asking for your private keys or passwords. Legitimate services will never ask for this information, NEVER 🤦

• Don't download files from suspicious emails, direct messages on Telegram, etc. Even PDF files can carry malware that can compromise your device.

• Keep private keys and recovery phrases from your crypto wallets offline (written on paper) in a safe place. If someone gets hold of these, they can steal your crypto, it's much easier to do if these keys are stored digitally or online.

• Always double-check transaction details before sending crypto. Transactions are irreversible, so ensure you're sending the right amount to the correct address. If you send large amounts of crypto, first send a test transaction worth $1 to see if everything is right 🔍

#FAQ

✅ After last night's systematic rise above the $69,000 mark, the Bitcoin price corrected to $67k but did not fall lower 🕯

Daily Digest:

🔸  Ripple co-founder Chris Larsen says he is donating $10 million in $XRP to Kamala Harris

🔸 ApeCoin pumped 100% after Yuga Labs launched ApeChain 🐵

🔸 Donald Trump went to work at a McDonald's as a part of his political campaign

🔸 Vitalik Buterin said that Ethereum has several important goals for the future, including 100k TPS and fast cross-chain transfers

🔸 Stripe has acquired stablecoin platform Bridge in a $1.1 billion deals 🤝

🔸 Ripple CLO said that the court's ruling that "XRP is not a security" has not been appealed by the SEC

🔸 Crypto on-ramp firm Transak disclosed a data breach affecting over 92,000 users

🔹 Prices:

🥇 Bitcoin - $67,692 (↓1.5%)
✨ Ethereum - $2,675 (↓1.3%)
🧪 S&P 500 - 5,853 (↓0.18%)
🕗 DXY - 104.00 (↑0.49%)
🌉 Gold - 2,719 (↓0.01%)