Institutional traders now drive 80% of Bitget’s volume: Report

Bitcoin is showing signs of strength as it tries to break through important resistance levels, with traders eagerly anticipating the US Federal Reserve's meeting today. This event is crucial as it could influence the market's direction for risk assets in November. The tightening market volatility suggests that investors are closely monitoring the Fed's stance on its monetary policy, which could lead to significant movements in Bitcoin's price. A positive outcome could signal a supply shock, making this a pivotal moment for Bitcoin enthusiasts.

Bitget Wallet's recent integration with HyperEVM is creating a buzz in the DeFi sector, pushing the platform closer to its all-time high. This update not only enhances Bitget's capabilities by providing access to Hyperliquid's extensive liquidity and advanced finance features but also expands its user base to over 80 million. This development is significant as it could lead to increased trading activity and innovation in decentralized finance, making it an exciting time for investors and users alike.

Ripple and Binance Coin have recently experienced a dip of 2-3%, signaling a cooling trend in the cryptocurrency market as investors reassess their short-term risks. This pullback comes at a time when attention is shifting towards Digitap's upcoming $1 million presale, which could potentially yield a 38% gain for early investors. The situation highlights the volatility of the crypto market and the cautious sentiment among investors, making it a critical moment for those involved in digital currencies.

Crypto analyst Ali Martinez has raised concerns about XRP's potential for a 16% drop, citing a new sell signal from the Tom DeMark Sequential Indicator. This tool has proven reliable in predicting XRP's trend reversals recently, making this warning significant for investors. As the cryptocurrency market remains volatile, understanding these signals can help traders make informed decisions.

Changpeng Zhao, the former CEO of Binance, is considering legal action against US Senator Elizabeth Warren following her comments regarding his presidential pardon by Donald Trump. This situation highlights the ongoing scrutiny of cryptocurrency leaders by lawmakers and raises questions about the implications of such political actions on the crypto industry. Zhao's potential lawsuit could further escalate tensions between crypto advocates and regulators, making it a significant development in the evolving landscape of digital finance.

Binance has teamed up with Bubblemaps to enhance its Web3 Wallet by integrating advanced blockchain data tools. This partnership aims to provide users with greater transparency regarding token distribution and potential insider trading activities. This is significant as it addresses growing concerns about fairness and integrity in the crypto market, helping to build trust among users.

Binance founder Changpeng Zhao has issued a stark warning to investors regarding a new CZ-themed memecoin, which saw its value plummet by 86% shortly after its launch. This dramatic crash highlights the volatility and risks associated with meme-based cryptocurrencies, urging potential buyers to exercise caution. Zhao's advice serves as a reminder of the unpredictable nature of the crypto market, especially for speculative assets.

President Trump's recent pardon of Binance founder Changpeng Zhao has ignited significant backlash, particularly among Senate Democrats who are now calling for a federal investigation. They argue that this decision exemplifies dangerous political favoritism, raising concerns about the integrity of the justice system. This situation is crucial as it highlights the ongoing tensions between political power and accountability, and it could have implications for future pardons and the regulatory landscape surrounding cryptocurrency.

Mastercard is making waves in the cryptocurrency world with its potential acquisition of Zerohash, a Chicago-based startup known for its innovative work in crypto and stablecoin infrastructure. This move, valued between $1.5 to $2 billion, highlights Mastercard's commitment to expanding its footprint in the digital currency space. By investing in Zerohash, Mastercard aims to enhance its payment solutions and stay competitive in a rapidly evolving market, which is crucial as more consumers and businesses embrace cryptocurrencies.

Bitcoin is at a critical juncture, with veteran analyst Josh Olszewicz warning that if current support fails, the price could plummet to around $87,600. This situation is significant as it could determine whether Bitcoin reaches a new all-time high or experiences a sharp decline into the $80,000s. Olszewicz's analysis highlights the volatility and uncertainty surrounding Bitcoin's future, making it a crucial moment for investors.

The cryptocurrency market has experienced a significant downturn, with liquidations totaling $825 million in just 24 hours, primarily affecting long positions. This decline is particularly concerning as major altcoins are losing value, indicating a broader market instability. Understanding these trends is crucial for investors and enthusiasts alike, as they reflect the volatile nature of the crypto landscape and can impact future investments.

Despite significant institutional support from SharpLink's $200 million ETH stake and the buzz surrounding ConsenSys' IPO, the price of LINEA continues to decline. This situation raises concerns among investors about whether the bottom has been reached or if further losses are imminent. The developments highlight the volatility in the cryptocurrency market, where even major endorsements may not be enough to stabilize prices.

Gamesquare has teamed up with Katana to strategically deploy its Ethereum treasury into the decentralized finance (DeFi) space. This partnership is significant as it not only enhances Gamesquare's financial strategy but also showcases the growing trend of traditional companies embracing blockchain technology. By entering the DeFi market, Gamesquare aims to optimize its assets and potentially increase returns, reflecting a broader shift in the industry towards innovative financial solutions.

In a thought-provoking opinion piece, the author discusses the limitations of artificial intelligence in discerning truth from misinformation. They argue that instead of relying on unverified data, AI systems should be trained on information that is attributed and reputation-weighted, ensuring that the truth is integrated into the data itself. This perspective is crucial as it highlights the need for more reliable data sources in AI training, which could lead to more accurate and trustworthy outcomes in various applications.