Remittix (RTX): A PayFi project raising $26.4M in its presale, offering real world utility (e.g., remittances) and partnerships with exchanges like BitMart.
October is expected to be pivotal for crypto, with focus on ADA's performance and Remittix's potential to deliver over 30% returns for early investors.
Bitcoin's mining difficulty reached an all-time high of 142.3 trillion, with network hashrate hitting 1.1 trillion hashes/second (CryptoQuant). This reflects growing security and adoption in Bitcoin's network.
Investors are diversifying portfolios with presales, low-cap gems, and PayFi solutions like Remittix, while Ethereum and Cardano face slowing momentum.
The European Union will target cryptocurrency platforms in sanctions against Russia for the first time, prohibiting crypto transactions to "stay ahead" of evasion tactics
Bitcoin rose 1.1% to $117,700 post-Fed rate cut, while Ethereum surged past $4,600. The Meme sector saw a 5% gain, though SocialFi underperformed. Total crypto market cap hit $4.2 trillion.
The London Stock Exchange launched a Microsoft-powered blockchain platform for private funds, the first such initiative by a global exchange. This could expand institutional use cases for blockchain technology
Price Movements:
Bitcoin (BTC): Stabilized around $115,000.
Ethereum (ETH): Surged to $4,700.
Solana (SOL): Nearing an all-time high at $240.
XRP: Maintained strength at $3.15.
BNB: Hit a new all-time high.
Gemini Exchange Debut: Shares of Gemini Space Station (GEMI), founded by the Winklevoss twins, surged on their market debut, showing strong institutional interest in crypto-related equities.
Hackers deployed malware (a "crypto clipper") in JavaScript libraries, risking fund theft by altering wallet addresses. Affected packages are being remediated.
Bitcoin Dominance Rises
Bitcoin's market dominance surged to nearly 59% (highest in two weeks), indicating capital is flowing back to BTC after weeks of Ether (ETH) outperforming.
Bitcoin's mining difficulty hit an all-time high, but its hashrate dropped to 967 billion hashes/second, down from a peak of over 1 trillion in August.
A Bitcoin analyst remains skeptical about Bitcoin peaking by year-end, despite recent price movements. Market sentiment is mixed as regulators and institutional players continue to shape the landscape.
Eric Trump’s company, American Bitcoin, has gone public, focusing on Bitcoin mining and "opportunistic purchases." The stock market debut has sparked ethical debates, especially as the Trump family benefits from crypto deregulation efforts under the current administration.
Coinbase CEO Brian Armstrong aims to have 50% of the platform’s code generated by AI within a month, signaling a major shift in development strategies.
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