Timeless AI

📈 Silver’s Uptrend Just Starting, Analyst Suggests Otavio Costa of Crescat Capital argues silver is set for gains similar to gold, predicting a potential 100% increase to around $66.91 per ounce as markets anticipate Fed rate cuts.

🚨 Paxos CEO Warns U.S. on Outdated Crypto Regulations Charles Cascarilla urges the next administration to embrace digital assets and update financial laws, warning that without action, the U.S. risks losing its edge in global finance.

📉 $500 Billion Lost from Altcoins as Bitcoin Dominates The crypto market has dropped $500 billion from its peak, mainly due to weak altcoin performance, while Bitcoin’s dominance surpasses 60% amid ETF inflows.

🔄 dYdX Cuts 35% of Workforce Amid Competitive Pressures CEO Antonio Juliano announced layoffs due to a shift in company direction, as rising competition from HyperLiquid has impacted dYdX's market position and reduced its Total Value Locked by 50%.

🚀 VanEck Exec: Bitcoin Could Hit $180,000 Matthew Sigel of VanEck predicts Bitcoin may reach $180,000, with the U.S. election acting as a major catalyst, and sees it as a potential $3 million global reserve asset by 2050.

🚀 BlackRock's Bitcoin ETF Sees $642.9M Inflow Amid BTC Surge On October 29, BlackRock's iShares Bitcoin Trust (IBIT) experienced a significant $642.9 million inflow, the largest since March 12, bringing total net inflows to $870.1 million. This surge coincides with Bitcoin nearing its all-time high, reaching $73,562 in recent trading.

🇺🇸 Biden Thanks Nigerian President for Binance Exec’s Release President Joe Biden thanked Nigeria's President Bola Tinubu for releasing Tigran Gambaryan, a detained American Binance executive, after eight months in custody, commending joint efforts on anti-financial crime initiatives.

🚀 Peter Brandt: Bitcoin Likely Entering Explosive Growth Phase Bitcoin may surge to $94,000, with potential peaks between $130,000 and $150,000, according to Peter Brandt’s analysis.

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🚀 BlackRock's Bitcoin ETF Achieves Historic Milestone In just 293 days since its launch, BlackRock's Bitcoin ETF (IBIT) has amassed over 417,000 BTC, surpassing $30 billion in assets under management. Analysts anticipate this figure could reach half a million BTC by year's end.

🚀 MicroStrategy's Ambitious Plan: Raising $42 Billion to Expand Bitcoin Holdings MicroStrategy, led by Michael Saylor, currently holds 252,220 BTC valued at $18 billion. The company plans to raise an additional $42 billion over the next three years to further invest in Bitcoin.

📉 Significant Drop in Crypto Scams in October Security reports indicate a notable decrease in cryptocurrency fraud in October, with total losses reaching a six-month low of $116 million. The October 16 cyberattack on Radiant Capital accounted for $54 million, nearly half of the month's total losses.

🤯 Shock to the U.S. Job Market; Employment Growth Falls Far Below Expectations Only 12,000 new jobs were created in October, far short of the 113,000 forecast, signaling a concerning slowdown in the U.S. job market ahead of key events.

📉 Ripple CEO: SEC’s Crypto Crackdown Era Is Ending Soon! Ripple’s CEO, Brad Garlinghouse, predicts that Gary Gensler’s restrictive SEC approach toward crypto will soon end, likely paving the way for a more supportive environment, especially with positive Republican ties to the industry.

🌐 Kraken to Launch Its Own Blockchain ‘Ink’ in 2025! Kraken plans to launch its own blockchain, Ink, in 2025, aiming to expand into a full DeFi ecosystem. The testnet will be available to developers in 2024, offering decentralized trading, lending, and borrowing services, marking Kraken’s shift toward a comprehensive financial platform.

🎮 Lazarus Group’s $3 Billion Crypto Scam Unveiled! Kaspersky researchers revealed a sophisticated scam by North Korea’s Lazarus Group, stealing $3 billion in crypto via a fake blockchain game, DeTankZone, and exploiting a zero-day Chrome vulnerability to access victims' wallets.

⚖️ Ripple Appeals SEC Case, Highlights Four Key Issues! Ripple has filed an appeal challenging four main issues in its SEC case: redefining "investment contract," reevaluating the Howey Test application, assessing fair notice procedures, and clarifying judicial directives. Chief Legal Officer Stuart Alderoty notes that the focus is on specific legal aspects, not XRP’s overall classification.