Crypto News

Cryptocurrencies sharply rebounded on Friday from the previous day's lows with bitcoin (BTC) retaking $63,000 as investors quickly shrugged off worries over slightly hotter inflation readings, turning their attention to a fiscal policy update from China on Saturday. Bitcoin, the leading crypto asset by market capitalization, shot up 7% from Thursday's trough below $59,000 after the hotter U.S. CPI inflation report, bucking this week's trend of giving up gains during the U.S. trading hours. Recently, BTC was up 5.5% over the past 24 hours, outperforming the broad-market CoinDesk 20 Index's (CD20) 4.7% advance.

Ethereum is experiencing renewed FUD (fear, uncertainty, and doubt) as Ether prices drop significantly. On October 3, on-chain analytics platform Lookonchain revealed that a whale, who participated in Ethereum’s 2014 ICO, has been aggressively selling off large amounts of ETH. Over the past two days, the entity sold 19,000 ETH, worth approximately $47.5 million, contributing to a sharp price decline. Since October 1, ETH prices have fallen nearly 10%, from $2,650 to a low of $2,365 on October 3, outpacing the broader crypto market, which saw a 2.6% drop. The ETH/BTC ratio also declined to 0.039, signaling trader concerns. Some traders,

BitMEX co-founder Arthur Hayes, known for his bold moves in the meme coin space, recently took a loss on his latest trades. He accumulated PEPE and MOG tokens but quickly exited both positions, incurring a loss of around $47,000. Hayes initially purchased 24.39 billion PEPE (worth approximately $252,500) on September 27 and 167.5 billion MOG (worth approximately $244,700) the following day, spending nearly half a million dollars. However, both tokens saw a 10% price drop within the last 24 hours, contributing to his losses. Hayes has since deposited all his PEPE and MOG holdings back to Binance and Bybit. This comes amid

Binance Token Monitoring Changes: Binance added 5 tokens to its Monitoring Tag list: Bluzelle (BLZ), CLV (CLV), SelfKey (KEY), Prosper (PROS), and VITE (VITE), all experiencing notable price drops. Bluzelle (BLZ) dropped 10%, CLV fell 18%, SelfKey (KEY) 16%, Prosper (PROS) 14%, and VITE 28%. Monitoring Tag tokens tend to have higher volatility and risk. Tokens Removed from the Seed Tag: Pendle (PENDLE) and Sei (SEI) had their Seed Tag removed, signaling reduced risk. Pendle dropped around 3%, while Sei experienced a 13% price drop on October 2. Removal of the Seed Tag suggests that Binance no longer views these projects as highly volatile or risky. Notable

Lamborghini, the prestigious luxury car manufacturer, has teamed up with Motorverse, a subsidiary of Animoca Brands, to release a new collection of non-fungible tokens (NFTs). This much-anticipated collection is set to debut next month. Additionally, the partnership will introduce a Web3 gaming platform, where NFT holders can engage in supercar racing and earn digital rewards. In an October 2 press release, Lamborghini and Animoca Brands announced their partnership to launch a Web3 gaming platform featuring a non-fungible token (NFT) collection. The upcoming NFT collection, named "Revuelto," is scheduled for release on November 7, 2024. While the launch is highly anticipated,

Bitcoin’s price dropped to $60,000 on Tuesday afternoon after Iran launched a missile attack on Israel. Later, it recovered slightly to $61,500. This drop is a 7.5% decrease from its recent high of $66,500, leading to uncertainty in global markets. Many in the crypto community had hoped for a strong October, but both crypto and stock markets took a hit due to the conflict. The main reason for the market decline was the growing tension in the Middle East. Iran targeted Israeli cities, and many civilians in Israel sought shelter. The U.S. also stepped in to support Israel, showing how serious the situation