Crypto Lake

🚨 Big News for Crypto Security Forta, the pioneers of blockchain threat detection, are launching Forta Firewall—a revolutionary solution that PREVENT on-chain hacks for DeFi and Rollups (L2s). 🔒 What Makes Forta Firewall Different? - Advanced AI with 99.9% detection rate in hack detection and prevention. - Proven security for projects like Euler (DeFi), Plume (RWA), Balmy (DeFi), Compound (DeFi), Lido (Staking). 🔥 Why $FORT Matters - $FORT fuels Forta Firewall’s new chain and secures the network. - Stake $FORT to earn rewards. - Backed by Coinbase Ventures, a16z, OpenZeppelin, and others. 🌍 Why Now? With growing on-chain activity, security is critical. Forta leads the Web3 security narrative, a sector poised for massive growth like Web2 cybersecurity’s $500B+ market cap. 💎 $FORT is listed on major exchanges like Coinbase, Binance US, KuCoin, and more. - 📰 Official Announcement - 🌐 Forta Website - 📈 Forta Token

💰 Majority Predict Bitcoin Will Surpass $100K by Year-End in Michael Saylor's Poll 📊 Michael Saylor, Executive Chairman of Microstrategy, recently conducted a poll on social media platform X regarding Bitcoin's future. The question posed was,

Will Bitcoin break $100K by New Year’s Eve?

Out of over 92,000 votes, 85.6% answered "Yes," while 14.4% said "No." This sparked renewed discussions about Bitcoin's trajectory as the year comes to a close. 📈 The possibility of Bitcoin reaching six figures has been a subject of debate for years. However, with recent price surges, Saylor is optimistic about a $100K Bitcoin celebration. He dismissed fears of a drop below $30K and predicted that prices will exceed $100K by December. He attributes this confidence to strong Wall Street support, particularly from Blackrock. 💼 On Monday, Microstrategy announced the purchase of 51,780 additional bitcoins for $4.6 billion, increasing its total holdings to 331,200 BTC at an average cost of $49,874 per bitcoin. This acquisition was funded by a $13.59 million share sale and highlights the company's aggressive cryptocurrency strategy. ➡️ At the end of October, Microstrategy launched a $42 billion initiative called the “21/21 Plan,” aimed at accelerating Bitcoin acquisitions. The plan involves raising $21 billion through equity and $21 billion through fixed-income securities over three years. Saylor indicated that this process could progress faster than anticipated, stating,

All of our investors tell me, they want me to buy more bitcoin. They want me to raise capital to buy bitcoin.

📈 Goldman Sachs Boosts Bitcoin ETF Holdings Amid Rising Institutional Interest 📊 Goldman Sachs has significantly increased its bitcoin ETF holdings, reflecting a growing interest from institutional investors in the cryptocurrency. According to the U.S. Securities and Exchange Commission’s (SEC) 13F report for Q3, which ended on September 30, the bank now holds $710 million in cryptocurrency assets.

Goldman Sachs has expanded its holdings across a portfolio of bitcoin ETFs,

the SEC filing revealed. The bank's largest position is in Blackrock’s Ishares Bitcoin Trust (IBIT), where it owns 12.7 million shares valued at $461 million. This represents an 83% increase from the previous filing in August. Additionally, Fidelity’s Wise Origin Bitcoin ETF (FBTC) saw a 13% rise with over 1.7 million shares valued at $95.5 million. 🔼 Goldman Sachs also boosted its stake in the Grayscale Bitcoin Trust (GBTC) by 116%, reaching over 1.4 million shares worth $71.8 million. The bank reported a 156% increase in Bitwise Bitcoin ETF (BITB) holdings, totaling $22.5 million in 650,961 shares. Smaller investments in bitcoin ETFs were noted from Ark Invest, 21shares, Wisdomtree, and Invesco Galaxy.

Due to this rise in bitcoin holdings, Goldman Sachs is now the second-largest IBIT investor,

behind only Millennium Management which has $844 million in holdings. This surge in Goldman Sachs’ bitcoin ETF holdings coincides with unprecedented inflows into spot bitcoin exchange-traded funds (ETFs), which recorded a staggering $8 billion in daily trading volume. 💡 Goldman Sachs’ decision to increase its bitcoin ETF holdings signals a rising institutional interest in digital assets to investors and market watchers.

😍 SEED x OKX 🪙: The 1st NFT Collection of a TON project! 📣 Historic Milestone: We proudly introduces the 1st TON NFT Collection, supported by OKX Wallet! Seamlessly trade and enjoy an enhanced NFT experience like never before. 🥁 To celebrate it, here is a chance for you to earn a share of 1M SEED and enjoy free mint with OKX Wallet in @seed_coin_bot. Owning a Bird NFT will also boost your SEED airdrop bonus.

🔗 FULL GUIDELINE

✨ Don’t miss your chance to make history with SEED and OKX. Start minting and trading SEED Birds NFT now! MINT MY 1ST BIRD NFT 🦉

💰 Arthur Hayes Predicts Bitcoin Could Reach $1 Million Amid US Economic Shifts 🚀 Arthur Hayes, co-founder of Bitmex, forecasts that bitcoin could soar to $1 million due to President Trump's expansive credit policies. In a recent blog post, he argued that the Trump administration is likely to inject trillions into the economy to support domestic industries. This credit creation is expected to lead to inflation, devaluing the dollar and driving investors towards alternative assets like bitcoin. 📈 Hayes outlined his investment strategy, stating,

Obviously, the hierarchy of my portfolio starts with bitcoin, other cryptos, and crypto-related company equity, then gold held in a vault, and finally, stonks.

He emphasized that Trump's economic policies will increase demand for hard assets, positioning bitcoin as a key inflation hedge. He asserted,

This is how bitcoin goes to $1 million.

🌍 He further explained that as the supply of bitcoin diminishes, fiat currency will chase it as a safe haven not just for Americans but also for Chinese, Japanese, and Western Europeans. He urged investors to

Get long, and stay long

and referenced Chinese economic history to support his view on the impact of quantitative easing. 📊 Hayes speculated on the potential scale of this credit expansion, suggesting that bitcoin and the crypto market could experience rapid growth similar to that seen during the pandemic. He stated,

we can expect that bitcoin and crypto will perform as well, if not better, than they did from March 2020 until November 2021.

❓ He concluded by posing a critical question:

The real question is, how much credit will be created?

Hayes highlighted that the extent of this shift could propel BTC to new heights as global investors turn to it as a safeguard against fiat currency debasement.

🛡 Crypto CEO's Abduction Highlights Security Risks for High-Profile Holders 🚨 The recent abduction of Dean Skurka, CEO of Toronto-based cryptocurrency firm Wonderfi, has shed light on the significant security risks faced by high-profile crypto holders. Skurka was kidnapped during rush hour in a busy area of Toronto and was later released unharmed after a $1 million ransom was paid electronically.

Client funds and data remain safe, and were not impacted by this incident,

Skurka reassured in an email following his release. This incident marks the 171st recorded case of physical violence against cryptocurrency holders, according to Jameson Lopp, co-founder of security firm Casa. He pointed out that as the value of cryptocurrencies like bitcoin rises, so does the interest from criminals.

As the price goes up, more awareness of the space permeates throughout society, and as a result, more criminally minded people decide they want to try to figure out what the ROI of executing a physical attack against a known crypto holder is,

Lopp explained. He emphasized the portability of cryptocurrencies makes them an attractive target for theft. 🔒 Despite their wealth, many crypto holders lack adequate security measures. Lopp noted that even multimillionaire early adopters often do not prioritize physical security or privacy. He stated,

The average crypto person, even early adopters who may be multi-millionaires, tend not to have really great physical security, and often they don’t have great operational security or privacy.

This particular incident is not something that many people have to worry about unless they’re a high-profile figure,

Lopp added. However, he cautioned that even many high-profile individuals do not have the level of security and privacy that their risk profile warrants.

➡️ 2024 U.S. Election: Impact on Crypto Markets 📊 In its recent report, Coin Metrics investigates the potential influence of the 2024 U.S. presidential election on cryptocurrency markets, particularly focusing on bitcoin (BTC). The report notes that bitcoin has historically experienced price increases after previous elections, although the magnitude of these gains has decreased over time. 📈 The authors, Tanay Ved and Matías Andrade Cabieses, point out that these price shifts often align with Bitcoin halving events and significant Federal Reserve policy changes. This combination of events can reduce market uncertainty and foster bullish sentiment. They observe that bitcoin's realized volatility tends to rise around election periods, remaining elevated for about 30 days after the election.

Bitcoin’s realized volatility has historically increased around U.S. elections, typically remaining elevated for approximately 30 days post-election.

📉 The report highlights that while volatility levels before the 2024 election are relatively calm, there is likely to be an increase in fluctuations in the days leading up to and following the event. This potential surge in volatility underscores the sensitivity of digital assets to external geopolitical factors. 🟥 Coin Metrics also explores the role of Polymarket, a popular prediction market platform, in shaping investor sentiment regarding the election. The report notes that Polymarket odds for key political figures have shifted significantly in recent months, reflecting global trading behaviors and sentiments about the U.S. political landscape. 🌍 Interestingly, much of Polymarket’s trading volume occurs outside typical U.S. trading hours, indicating a high level of international interest in the election’s outcome and its potential impact on crypto markets. Looking forward, Coin Metrics emphasizes the importance of monitoring key indicators for investors, including trading volumes of major cryptocurrencies like bitcoin, ether (ETH), and solana (SOL), as well as the ETH/BTC ratio and open interest levels for bitcoin futures.

💰 UBS Launches First Tokenized Fund in Asia 🌐 UBS Asset Management has announced the launch of its inaugural tokenized investment fund, the “UBS USD Money Market Investment Fund Token” (UMINT), in Singapore. This marks a significant step for UBS, a global leader in wealth management, as it ventures into the realm of digital assets by utilizing Ethereum's blockchain technology. 💼 The UMINT fund is designed to provide institutional-level cash management for its token holders through conservative investments in high-quality money market instruments. UBS describes this fund as a money market investment that will be accessible through authorized distribution partners. 🔗 This launch is part of UBS's broader strategy towards tokenization, which has seen considerable progress over the past year. In October 2023, UBS participated in a pilot for a tokenized Variable Capital Company (VCC) fund under Singapore’s Project Guardian. The bank has also expanded its tokenization efforts with the UBS Tokenize platform, which initially focuses on bonds, funds, and structured products. Notable recent initiatives include issuing CNH 200 million in digital structured notes in June 2023 and completing the first cross-border repurchase transaction using a natively issued digital bond on a public blockchain in November 2023. 🗣 Thomas Kaegi, co-head of UBS Asset Management APAC, emphasized that the launch of the UMINT fund is a response to the increasing demand for digital investment assets. He stated,

We have seen growing investor appetite for tokenized financial assets across asset classes.

Kaegi added,

Through leveraging our global capabilities and collaborating with peers and regulators, we can now provide clients with an innovative solution.

🌍 UBS's strategic focus on digital assets involves integrating both public and private blockchains into its fund issuance and distribution processes. This approach aims to offer clients an advanced option for accessing money market funds.

🎃 Unlock SEED’s Spooky Codes If You Dare! 👻 This Halloween, SEED YouTube has more than just videos – it’s full of spooky surprises! 🤯 Each video hides a secret code, waiting to be spotted by watchful Seedizens. ℹ️ Keep a close eye on every second, and you’ll see letters pop up on screen. Once you've cracked the code, enter it in the ▶️ Academy Section ▶️ and enjoy your rewards! So, Seedizens, get ready to jump into the videos and search for these hidden letters. You never know what rewards are waiting! 🌈

☠️ Here’s a hint: the more codes you collect, the more rewards you earn!

FINDING THE HIDDEN LETTERS 👻

🚀 Dogecoin Price Forecast: Musk's Influence Amid US Elections 🗓 With just 5 days left until the US Election, Elon Musk has reignited the meme coin market as the 'Dogefather' CEO of DOGE. This surge coincides with a significant pre-election rally in crypto markets, where Bitcoin is nearing a new all-time high after surpassing $72,000 this week, driven by institutional investments. 📈 Prominent crypto traders are supporting this emerging trend, noting a strong low-time-frame image of three consecutive 'falling wedge' patterns followed by breakout moves. This analysis boosts DOGE holder confidence as the coin appears poised to continue its upward trajectory, especially with Musk drawing attention to it during a pivotal moment in the Presidential race. 🤔 Amidst one of the most intense US Election campaigns, Elon Musk has publicly backed Donald Trump for the White House, even being offered a position in a pro-Bitcoin Trump administration. His campaigning efforts are focused on key swing states like Pennsylvania, with hype surrounding his alleged role as the CEO of D.O.G.E – the Department of Government Efficiency. ➡️ On October 28, Musk tweeted a Dogecoin meme on X, sparking excitement that led to a breakout from its falling wedge pattern. In the following 24 hours, DOGE price surged, achieving a 7-day gain of 21.9% and driving a broader rally in the meme coin market. 📊 Currently, DOGE is trading at $0.16 (with a 24-hour change of -3.74%). After a dramatic +25% climb since Monday, the price is experiencing a localized retracement as bulls aim to consolidate their hard-fought gains.

🟢 Venezuela's Potential as a Cryptocurrency Powerhouse in Latin America 📈 Venezuela is emerging as a significant player in the cryptocurrency landscape of Latin America. Despite facing numerous challenges, it has become the fourth largest crypto economy in the region, surpassing countries like Colombia and Chile, according to a recent Chainalysis report. 💰 Between July 2023 and June 2024, Venezuela's economy received nearly $50 billion in cryptocurrency value. This positions the country as a hotspot for crypto activity, with Venezuelans frequently using stablecoins to mitigate the effects of ongoing currency devaluation. The report also highlighted a remarkable 110% year-over-year growth in the Venezuelan crypto market, indicating an increased reliance on cryptocurrencies to navigate economic challenges. ⚖️ Venezuela boasts one of the first regulatory frameworks for cryptocurrency in Latin America, covering trading and mining activities. However, government compliance with these laws has been inconsistent. In May, authorities launched a crackdown on mining activities, citing high demand that led to blackouts and disruptions in the national electric grid. Additionally, a $20 billion cryptocurrency corruption scheme involving Sunacrip (the national crypto watchdog) and PDVSA (the state-owned oil company) hindered local exchange operations and deterred large international crypto-linked companies from investing in the country. ➡️ The ongoing political turmoil, exacerbated by opposition leaders' claims regarding President Nicolas Maduro's alleged electoral defeat, raises concerns about the potential intensification of Western sanctions against Venezuela. 🌟 However, if these issues are resolved, Venezuela has the potential to become a cryptocurrency powerhouse in the region. The country's abundant hydroelectric power resources and low electricity costs could attract large mining and trading companies looking to enter this emerging market.

Playgram - Your Telegram Casino! 🎰 Deposit $30 and grab 100 FREE spins on Big Bass Bonanza! 🎁 🪙 Fast deposits & withdrawals with TON, USDT & more ✅ Play trusted games, no downloads needed – it’s all on Telegram! 👥 Win prizes and join our exclusive giveaways @Playgrammers 💵 No strings attached – real cash rewards with no wagering! 💰 Bring in new players & take 25% of the house edge – passive income! 👉 Start spinning now at @Playgram – Let’s play & win together! 🎉

🚀 U-TOPIA IDO IN FULL SWING 🚀 🌟 $200K Raised in 24 Hours on Spores! ⚡️ TGE Date: Oct 29th 📈 Listing on MEXC 🤑 JOIN THE PRE-SALE NOW: https://www.u-coin.io 🌎 About U-Topia: - U-Topia is redefining decentralized media with tools that bridge world-renowned intellectual property into Web3. Our U-Wallet lets users access rewards without holding specific cryptocurrencies, making engagement more accessible. Through U-Tap, our first Telegram micro-game, users can earn $U-Coin rewards directly on Polygon. 🎉 Key Highlights: - Exclusive IP Partnerships: FIFA, Bandai Namco, Justin Bieber, Megadeth, and more! - Massive Reach: Over 3 million monthly active users. - Advanced Tech: Collaborations with leading DAOs, deployment of U-Games to 225,000+ active wallets, powered by ERC-4337 U-Wallet tech. - Token Info: 1B supply 💼 Supported by Top Backers: - Andrew Ogawa (Quest Venture Partners) - Michael Gord (GDA Capital) - Emma Liu (Chain Boost) - Gerald Check (GC Capital) - Alexis Sirkia (Yellow Network) 📜 Explore More: Deck: https://docsend.com/view/h53z44xbratk8768 Website: u-topia.com Telegram: https://t.me/+UjByY2WS2OtmY2I0 Twitter https://x.com/UcoinOfficial

🚀 Ethereum Rivals Could Deliver 2500% Gains by 2025, Predicts Crypto Billionaire 📈 In this piece, we will investigate the reasons why Rexas Finance and Cardano are being highlighted as strong competitors to Ethereum. 👉 Read more

Following our successful campaign with OKX, we’re thrilled to announce our partnership with Binance, the world’s leading crypto exchange, to bring you an event like no other! 😮 How to claim your $600 Trading Fee Credit on Binance? Easy! 😎 1️⃣ Register on Binance through this link Binance x SEED Campaign or enter referral code SEEDcoin. 2️⃣ Complete KYC verification to activate your account. 3️⃣ Receive your credit directly in your Binance account. Your voucher will be valid from Mon, Oct 28th. ⚠️ Sneak Peek: Seedizens, finish your KYC requirement on Binance — you’ll thank us when the next big thing rolls out! #SEEDPartnership 5️⃣

🟢 Iran's President Critiques Western Influence at BRICS Summit 🗣 Iranian President Masoud Pezeshkian expressed strong criticism towards the UN Security Council and the International Monetary Fund (IMF) during the BRICS summit held in Kazan from October 22-24. He accused these institutions of losing their effectiveness due to Western interference and called on BRICS nations to reduce their reliance on Western financial systems.

Many international structures and mechanisms … such as the UN Security Council, IMF, and human rights organizations have lost their effectiveness

said Pezeshkian. He emphasized the need for BRICS countries to develop alternative financial structures and strengthen institutions like the BRICS New Development Bank. 🌍 The Iranian President urged the bloc to reshape international economic governance for greater justice and independence. He stated that the future would belong to countries that lead in creating a new world order based on harmony and justice. 🚀 BRICS, established in 2006 and expanded to include Egypt, Iran, the UAE, and Ethiopia on January 1, 2024, is increasingly viewed as a rising force capable of reshaping global financial institutions. The summit highlighted BRICS' role in shaping future geopolitical dynamics and its potential to challenge Western-led institutions. 💪 Pezeshkian's remarks reflect growing concerns about the effectiveness of longstanding international institutions and the importance of BRICS in promoting cooperation that respects sovereignty. As BRICS continues to expand its influence, it seeks to establish an independent financial and banking system free from Western standards.

November’s your final fire, light it up before SEED listing's out of sight! 🔥 Hey Seedizens, the clock’s ticking, and this is your last big move! If you've been holding back, now’s the time to jump in before it’s game over!

🔥 SEED burning has returned! Stay away too long, and your SEED will go up in smoke. 🪙 Your wallet will be linked to one Telegram account only, ensuring fairness for the upcoming airdrop. With a single connected wallet, you’ll have the chance to mint NFTs! Make sure you connect your frequently-used wallet! Need help? Check out the GUIDE here! 🥰 Big events with big partners are on the horizon, and all the listing details will be revealed soon!

No time to waste — November is the make-or-break moment. Get active, dominate tasks, and secure your SEED before the big listing hits. COME BACK SEED HOME 🏡

🔄 WazirX Transfers $74M in Crypto After Major Hack 💰 Following a significant cyber attack in July that resulted in losses of $234 million, WazirX allegedly redirected approximately $73.6 million of its users' cryptocurrency to global exchanges Bybit and KuCoin. This claim was made by CoinSwitch CEO Ashish Singhal as his company launched a public dashboard to monitor wallet activities. ➡️ In a recent affidavit filed with the Singapore High Court, WazirX disclosed over 240,000 wallet addresses as part of its debt restructuring efforts. Singhal pointed out that while CoinSwitch holds both fiat and crypto assets with WazirX, the exchange "illegally" suspended withdrawals. Consequently, CoinSwitch had to utilize its own treasury to cover its users' funds. ⚖️ CoinSwitch initiated legal proceedings against WazirX in July, revealing more than $9 million in trapped assets. Despite these affected funds representing less than 1% of CoinSwitch's total assets, the company has created a dashboard for detailed examination of the wallet addresses. Singhal expressed hope that "making that dashboard publicly available" would assist crypto investors. 🔍 He further stated,

By scanning through these wallets, we have observed a large chunk of WazirX crypto has been moved to exchanges such as Bybit and KuCoin post the incident.

Singhal added that they have identified the transfer of $72.13 million worth of crypto to Bybit and $1.5 million to KuCoin. 🗣 In response to these allegations, WazirX CEO Nischal Shetty confirmed the transfer of funds to other exchanges but clarified that it was not for trading purposes. He stated,

Funds were moved to some exchanges because we are still in the process of onboarding a custodian.

🔄 WazirX Transfers $74M in Crypto After Major Hack 💰 Following a significant cyber attack in July that resulted in losses of $234 million, WazirX allegedly redirected approximately $73.6 million of its users' cryptocurrency to global exchanges Bybit and KuCoin. This claim was made by CoinSwitch CEO Ashish Singhal as his company launched a public dashboard to monitor wallet activities. ➡️ In a recent affidavit filed with the Singapore High Court, WazirX disclosed over 240,000 wallet addresses as part of its debt restructuring efforts. Singhal pointed out that while CoinSwitch holds both fiat and crypto assets with WazirX, the exchange "illegally" suspended withdrawals. Consequently, CoinSwitch had to utilize its own treasury to cover its users' funds. ⚖️ CoinSwitch initiated legal proceedings against WazirX in July, revealing more than $9 million in trapped assets. Despite these affected funds representing less than 1% of CoinSwitch's total assets, the company has created a dashboard for detailed examination of the wallet addresses. Singhal expressed hope that "making that dashboard publicly available" would assist crypto investors. 🔍 He further stated,

By scanning through these wallets, we have observed a large chunk of WazirX crypto has been moved to exchanges such as Bybit and KuCoin post the incident.

Singhal added that they have identified the transfer of $72.13 million worth of crypto to Bybit and $1.5 million to KuCoin. 🗣 In response to these allegations, WazirX CEO Nischal Shetty confirmed the transfer of funds to other exchanges but clarified that it was not for trading purposes. He stated,

Funds were moved to some exchanges because we are still in the process of onboarding a custodian.

Shetty emphasized the need for a thorough assessment during this prolonged process.

🔍 MiCA Regulations: A Game Changer for the Stablecoin Market 📈 The stablecoin market has seen significant growth, surpassing $172 billion by October 2023, largely influenced by the European Union’s Markets in Crypto Assets Regulation (MiCA). Recent data reveals that stablecoins facilitated $123 billion in transactions that month, highlighting their increasing role in global finance. They now represent about 50% of all value settled on public blockchains, outpacing Bitcoin at 25%. ⚖️ A major transformation is underway with the introduction of MiCA in June 2023. This regulatory framework aims to standardize rules for crypto assets across the EU. Although not fully implemented, its impact on the stablecoin market is already noticeable. Martin Bruncko, Founder and CEO of Schuman Financial, emphasized that MiCA requires stablecoin issuers in the EU to comply with strict anti-money laundering (AML) policies and various other stipulations. He stated,

Either you become MiCA compliant, or it will be illegal for any business to distribute your product to consumers and businesses in Europe.

📉 This compliance requirement is expected to lead to a significant decrease in USD-backed stablecoins in Europe. Companies like Coinbase have already started withdrawing support for Tether’s USDT due to non-compliance. In contrast, euro-backed stablecoins are anticipated to gain traction in the medium to long term, potentially attracting more institutional interest across Europe. 🌍 The shift in stablecoin activity is already evident. A report from Chainalysis suggests that stablecoin transactions are moving away from US-regulated platforms due to regulatory delays in the US. The report noted,

Regulatory clarity in regions outside the U.S. is fueling the growth of stablecoins globally, while the U.S. risks falling behind.

⚠️ However, MiCA also presents challenges for stablecoin issuers. Tom Kiddle, Co-Founder of Palisade, pointed out that while MiCA’s stringent requirements could enhance market confidence, they also increase the compliance burden, likely leading to consolidation within the sector. Non-European issuers face additional hurdles, such as the need to establish an authorized entity within the EU. 🔄 Companies like Ripple are actively working to comply with these regulations. Chris Myers, EMEA Senior Counsel at Ripple, mentioned that the company holds a Virtual Asset Service Provider (VASP) license with the Central Bank of Ireland and plans to convert it into a Crypto-asset Service Provider (CASP) license under MiCA. Despite these regulatory adjustments, Ripple remains focused on launching its US stablecoin product, RLUSD.