Binance reveals proof of reserves for October, showing 21K Bitcoin holdings

Hyperliquid (HYPE) has seen a 6% drop to around $45, marking its fifth consecutive session of decline. This downturn follows a significant rejection at a trendline, indicating a shift in near-term momentum to bearish. However, analysts suggest that there are still indicators pointing towards a potential rebound to the $55–$60 range, provided that buyers can stabilize the price above critical support levels. This situation is crucial for investors as it highlights the volatility and potential recovery paths in the cryptocurrency market.

Recent simulations suggest that Bitcoin has a 50% chance of reaching $140,000 by the end of October, based on its historical performance during this month. This potential surge is significant as it aligns with Bitcoin's average gains in October over the years, indicating a promising outlook for investors and enthusiasts alike.

Recent data indicates that social media sentiment towards XRP has turned notably bearish, marking the lowest positivity in six months. This shift, highlighted by analytics firm Santiment, suggests a growing wave of fear, uncertainty, and doubt (FUD) surrounding the cryptocurrency. While this negative sentiment might seem alarming, it could also signal a potential buying opportunity for contrarian investors looking to capitalize on market dips.

Bitcoin is currently at a crucial juncture, hovering near significant resistance levels, which has traders on alert for a potential major market movement. This situation is further complicated by the rising price of gold, indicating increasing stress in traditional financial systems and a renewed focus on hard assets. Understanding these dynamics is essential for investors as they navigate the evolving landscape of cryptocurrency and traditional markets.

BNB, the native token of Binance's BNB Chain, has reached a new all-time high of $1,335, solidifying its status as the third-largest cryptocurrency by market capitalization. This surge is significant as it reflects growing interest in memecoins and the overall health of the crypto market. The rise in BNB's value also indicates a shift in investor confidence, especially as it surpasses XRP in market value, which could have implications for future trading and investment strategies.

The recent surge in Bitcoin ETF daily trading volume, which has exceeded $7.5 billion, signifies a notable shift towards the integration of cryptocurrency within traditional finance. This increase not only enhances accessibility for investors but also offers greater diversification options, making it an exciting development for the financial landscape.

Excitement is brewing in the crypto community as recent documents reveal that Ripple executives signed an OCC certification earlier this year. This development hints at the potential launch of an XRP bank, with a decision on the national bank charter expected soon. The timing of this news has captured significant attention, suggesting that Ripple is on the verge of a major breakthrough in the financial sector.

Bitcoin has surged past $126,000, and Bitwise's Chief Investment Officer, Matt Hougan, is predicting a massive $1 trillion influx into the cryptocurrency market. His optimistic social media post has sparked renewed interest and discussions about the potential growth of Bitcoin-focused funds. This surge in Bitcoin's value and the excitement around it could signal a significant shift in the investment landscape, making it a crucial moment for both investors and the broader financial market.

The European Union is taking steps to restrict the ruble-backed stablecoin A7A5, which has been routing significant amounts of money through Kyrgyzstan into European cryptocurrency markets. However, recent data indicates that this flow accounts for only 2.37% of the total Bitcoin trading volume in the EU. This move highlights the EU's ongoing efforts to regulate cryptocurrency transactions and mitigate potential risks associated with sanctioned assets, but its actual impact on the broader market may be limited.

Bitcoin has reached a significant milestone as the supply on exchanges has dropped to a six-year low of approximately 2.8 million BTC. This decline is seen as a bullish indicator for the cryptocurrency, suggesting that a new all-time high above $130,000 could be on the horizon. The last time the supply was this low was in June 2019, which adds to the excitement among investors as Bitcoin continues to gain momentum.

Recent analysis suggests that XRP is making significant strides in integrating with SWIFT's global payments network, not through a direct partnership but via third-party fintech providers. This development is crucial as it indicates XRP's growing acceptance and potential to enhance cross-border transactions, which could revolutionize the way money moves globally.

Ether has reached a significant milestone, topping out at $4.8K, which could be a pivotal moment for investors. This short-term correction might actually pave the way for a larger upward movement as liquidity metrics for ETH are looking increasingly favorable. This is important because it suggests that the market could be gearing up for a bullish trend, attracting more investors and potentially leading to greater stability in the cryptocurrency space.

Hyperliquid (HYPE) has seen a 6% drop to around $45, marking its fifth consecutive session of decline. This downturn follows a significant rejection at a trendline, indicating a shift in near-term momentum to bearish. However, analysts suggest that there are still indicators pointing towards a potential rebound to the $55–$60 range, provided that buyers can stabilize the price above critical support levels. This situation is crucial for investors as it highlights the volatility and potential recovery paths in the cryptocurrency market.

PancakeSwap's Chinese account has been compromised, raising alarms about the security of decentralized platforms. This incident underscores the urgent need for stronger security measures to maintain user trust and ensure the integrity of such platforms. As users are advised against interacting with links related to the compromised account, it serves as a crucial reminder for all crypto users to remain vigilant and prioritize security.

SUI Group is set to launch its first native stablecoins, marking a significant milestone in the cryptocurrency space. This development is important as it not only enhances the utility of the Sui blockchain but also provides users with a stable digital currency option, potentially attracting more investors and users to the platform.

Strategy's impressive $78 billion Bitcoin reserve is making waves as it approaches the cash holdings of major corporations like Amazon, Google, and Microsoft. This is significant because it highlights the growing acceptance of Bitcoin as a legitimate asset among large companies, especially after Microsoft previously dismissed it. As more corporations consider Bitcoin for their treasuries, it could pave the way for broader adoption and influence the future of corporate finance.

Meteora AG has unveiled its MET tokenomics, which promises to enhance liquidity and foster ecosystem growth. With 48% of the token supply set to circulate at the Token Generation Event (TGE), this move is expected to significantly boost user engagement and contribute to the long-term stability of the protocol. This development is crucial as it indicates a strong commitment to building a robust platform that can attract and retain users.

The Pi Network community is buzzing with excitement following the announcement of new Decentralized Finance (DeFi) features now live on the Testnet. This comes at a crucial time as the cryptocurrency has been struggling, currently priced at around $0.26 after a significant downturn. The introduction of these upgrades has sparked speculation about the potential for a remarkable 900% rally back to its all-time high of $2.98. If successful, this could not only revitalize the Pi Network but also attract more investors to the cryptocurrency space.