Pine Labs, an Indian fintech company backed by PayPal and Mastercard, is set to raise approximately $439 million through an IPO in Mumbai, valuing the firm at $2.89 billion. The funds will be used for debt repayment, IT infrastructure investments, and expansion into Southeast Asia and the Middle East.

Since the launch of staking, Bio Protocol ($BIO) tokens have experienced a remarkable price increase of over 300%. Data from Pine Analytics shows strong engagement from the community, with daily lock-ups ranging from hundreds of thousands to $9 million. On multiple days, between 20 and 200 wallets c

Author: Pine Analytics Compiled by: Shenchao TechFlow Abstract Eclipse Labs has raised $65 million from top investors to build a Layer-2 (Layer-2) based on the Solana Virtual Machine (SVM) on Ethereum. Eclipse has received support from companies like Polychain, Placeholder, and Hack VC, positioning itself as a high-performance, cross-chain Rollup platform with ambitious architectural plans. However, despite ample funds and a good reputation, the on-chain reality is starkly different. Activities are shallow and short-lived, mainly driven by airdrop mining rather than natural demand. Gas fees, recharge amounts, and total locked value.

Bitcoin (CRYPTO: BTC) is thriving thanks to easy-to-earn cash, much like how a favorite campfire loves dry pine needles. Add kindling and the flames rise higher; extinguish the kindling and the light will quickly fade. Currently, a set of four macro measures shows central banks, specifically the Federal Reserve,

Key Points Quarterly-filed Form 13Fs offer investors a way to track which stocks Wall Street's preeminent money managers are buying and selling. Over a 12-to-15-month span following June 2023, Duquesne Family Office's Stanley Druckenmiller and Lone Pine Capital's Stephen Mandel sent their

Project Pine, a collaboration between the New York Fed and BIS, explores smart contracts for central banking, potentially reshaping monetary policy tools in tokenized markets.

According to Deep Tide TechFlow news, on May 16, a report showed that the Innovation Center of the New York Federal Reserve and the Bank for International Settlements ( BIS ) Innovation Center in Switzerland jointly completed the "Project Pine" research project, successfully developing and testing a toolkit for smart contracts to implement monetary policy in a tokenized financial environment. The research indicates that if financial markets widely adopt tokenization technology, central banks can quickly create and adjust monetary policy tools through smart contracts, including functions such as paying reserve interest, asset swap, and collateral management. Test results show that this technology can help central banks respond more flexibly to market crises and improve policy implementation efficiency.

The Bank for International Settlements (BIS) is collaborating with the Federal Reserve Bank of New York to conduct research on tokenized monetary policy tools, testing the application of smart contracts. The experiment demonstrates that central banks can instantaneously adjust the parameters of policy tools, quickly responding to crises. Smart contracts are considered to be the core technology for future monetary policy implementation, but compatibility with traditional financial infrastructure still needs to be improved. This research utilizes the Ethereum ERC-20 standard for testing, providing new ideas for financial institutions to accelerate their tokenization technology layout.

According to new research from Pine Analytics, token issuers on Pump.fun have been funding "sniper" wallets ( to acquire their own meme coin. This has impacted over 15,000 token issuances on this platform. Sniper wallets primarily operate during hours

By Tom Mitchelhill, Cointelegraph; Compiled: Pine Snow, Golden Finance Ran Neuner, co-founder of Onchain Capital and host of Crypto Banter, said in an October 27 post on X, formerly Twitter: "If you want to know when the pullback is coming, just follow PEPE. It's actually an index when the market overheats," Neuner said. "When people are confident enough to enter the market and the market goes up, that's a sign that you're exiting. This strategy works every time. " Pepe has recently gained more than 100%, from $0.00000064 on October 20 to a peak of 0.0000013 on October 27...

By Brayden Lindrea, Cointelegraph; Compiled: Pine Snow, Golden Finance A U.S. DISTRICT COURT JUDGE HAS ORDERED NON-FUNGIBLE TOKEN (NFT) ARTISTS Ryder Ripps and Jeremy Cahen to pay a total of $1.57 million in rebates and damages to the Bored Ape Yacht Club, ending the long-running "copycat" NFT lawsuit. The October 25 ruling follows an April 21 partial summary judgment in favor of Yuga Labs. Yuga Labs alleges that defendants Ryder Ripps and Jeremy Cahen violated copyright law by making a copycat version of the Bored Ape Yacht Club (BAYC) collection. The magistrate's judge about...

By Tom Mitchelhill, Cointelegraph; Compiled: Pine Snow, Golden Finance Google searches for "buy Bitcoin" have surged globally as cryptocurrency prices have risen sharply, with searches in the UK up more than 800% last week. According to Cryptogambling.tv research, searches for the term "buy Bitcoin" in the UK soared by 826% in 7 days. Search terms related to buying Bitcoin have proliferated worldwide. Source: Google Trends A spokesperson for Cryptogambling.tv said: "The significant growth in UK searches for 'buy Bitcoin', coupled with the resurgence of cryptocurrencies, highlights the growing interest and potential impact of traditional financial institutions to participate in the digital asset space. ” Despite the search of UK users...

By Paul Veraditakit, Veradiverdict; Compiled: Pine Snow, Golden Finance In the ever-evolving world of cryptocurrencies and data storage, challenges arise that require innovative solutions. Traditional data storage systems are plagued by issues such as data loss, centralized controls, and censorship threats. This is where Arweave steps in, providing breakthrough solutions to these pressing problems. Data loss One of the most persistent and hidden challenges facing digital data storage is the specter of data loss. Traditional systems often struggle to ensure the long-term preservation of critical information. The fragility of hard drives, susceptibility to hardware failure, and the volatile nature of data centers make data vulnerable to corruption and disappearance. Centralized control Centralization has long been a contentious issue in the digital landscape. A small number of entities or organizations have a view to data storage.

By Macauley Peterson, Blockworks; Compiled: Pine Snow, Golden Finance Ethereum client developers confirmed on Thursday that the long-awaited Dencun upgrade will not be implemented before the end of 2023. Last month, when the new Holešky testnet was successfully launched after the scheduled time, it was agreed that it was unlikely that the upgrade would be completed before the December holidays. When presented with optimistic scenarios on today's Allcore developer call, anonymous Prysm developer Potuz commented, "We can't fork the mainnet in 2023. ” He noted that over the past few months, there have been consistent consensus issues across the 10 developer networks (devnets) that have so far launched test upgrades, adding that "none of them are going well." ...

By Macauley Peterson, Blockworks; Compiled: Pine Snow, Golden Finance Ethereum client developers confirmed on Thursday that the long-awaited Dencun upgrade will not be implemented before the end of 2023. Last month, when the new Holešky testnet was successfully launched after the scheduled time, it was agreed that it was unlikely that the upgrade would be completed before the December holidays. When presented with optimistic scenarios on today's Allcore developer call, anonymous Prysm developer Potuz commented, "We can't fork the mainnet in 2023. ” He noted that over the past few months, there have been consistent consensus issues across the 10 developer networks (devnets) that have so far launched test upgrades, adding that "none of them are going well." ...

By Steven Ehrlich, Forbes; Compiled: Pine Snow, Golden Finance On July 17, 2023, two partners at McKinsey & Company took the stage at the New York Stock Exchange to speak to dozens of government regulators and financial executives about the allures of blockchain, insisting that its utility extends far beyond the scandal-ridden cryptocurrency market. Bitcoin, Ethereum, Solana, and more than 10,000 other cryptocurrencies are down 60% from their November 2021 peak, losing $2 trillion in market capitalization. Cryptocurrency platforms are often hacked, and their most important companies are also attacked by regulators. Advisors remain adamant that the technology behind this digital currency is still viable and has a bright future. McKinsey partner Julian Sevillano insists: "It's blockchain,...

By Darren Kleine, Blockworks; Compiled: Pine Snow, Golden Finance To scale Ethereum, developers have been busy building mechanisms called "rollups" that can run more efficiently "on top" of the underlying chain. But what exactly are rollups? When asked this meaningful question, Jon Charbonneau laughed. "Oh, it's going to be tough," he said. "Everyone has had a big debate over the last few months." He said it's important to build the right mental model in order to determine the true purpose of Rollup, and whether it is a true scaling solution for Ethereum. After all, if it's just built "on top" of the chain, can it really scale the blockchain? On the Lightspeed podcast (Sp...

By Joel Monegro, Placeholder; Compiled: Pine Snow, Golden Finance As the production cost of AI models decreases, the number of AI agents will grow exponentially. Agents will soon be online more than humans, creating, consuming, and exchanging more information than we can imagine. But if we get a million-fold increase in digital activity, with 99% of that growth coming from machines, we will struggle to cope with this shift without adopting blockchain infrastructure and business models that need to give agents their full potential while allowing us to identify, control, and audit their actions. Today, companies like OpenAI bear the huge cost of producing models and then selling access through their proprietary interfaces and APIs, and they are mostly limited to consuming and creating content. But in order to make the most of AI's potential, we need a lot of...

Written by Teng Yan Delphi, Source: Twitter 0xPrismatic; Compiled: Pine Snow, Golden Finance Entertainment is the next megatrend that will rely heavily on NFTs. In Asia alone, this is an opportunity worth $18 billion. K-POP is a typical example. K-POP is Korea's number one cultural export. South Korean boy band BTS earns $5 billion a year, accounting for 0.3% of South Korea's GDP. Asian fans are enthusiastic. They are willing (financially) to support their favorite stars and support them on their way to success. The core of the fandom is the purchase of a large number of physical albums and merchandise. The top 5 K-POP groups alone have sold more than $1.5 billion in albums. Fans buy photo albums for photo cards, posters, and other souvenirs. Some have...

Source: Elliptic; Compiled: Pine Snow, Golden Finance There is no evidence to support the claim that Hamas has received a large number of cryptocurrency donations. When using blockchain analytics insights to draw conclusions, a thorough understanding of blockchain analytics and an understanding of the context and context of the analysis are required. Elliptic has partnered with The Wall Street Journal to correct Hamas's misconceptions about cryptocurrency fundraising. In addition, we have been in discussions with Senator Warren's office to ensure that all parties involved properly recognize the complexities and nuances of analyzing these wallets. The events of 7 October have once again focused attention on how organizations such as Hamas are raising funds for their operations. Over the past few years, Hamas has begun experimenting with cryptocurrencies as a means of crowdfunding to the public through social media. However, the unique traceability of these assets means that the amount raised is still ...

Source: Elliptic; Compiled: Pine Snow, Golden Finance There is no evidence to support the claim that Hamas has received a large number of cryptocurrency donations. When using blockchain analytics insights to draw conclusions, a thorough understanding of blockchain analytics and an understanding of the context and context of the analysis are required. Elliptic has partnered with The Wall Street Journal to correct Hamas's misconceptions about cryptocurrency fundraising. In addition, we have been in discussions with Senator Warren's office to ensure that all parties involved properly recognize the complexities and nuances of analyzing these wallets. The events of 7 October have once again focused attention on how organizations such as Hamas are raising funds for their operations. Over the past few years, Hamas has begun experimenting with cryptocurrencies as a means of crowdfunding to the public through social media. However, the unique traceability of these assets means that the amount raised is still ...

By Krisztian Sandor, CoinDesk; Compiled: Pine Snow, Golden Finance Bitcoin's cryptocurrency market share soared to 54.4%, the highest level since April 2021. One analyst noted that bitcoin outperformed altcoins due to spot ETFs and risk aversion. On Wednesday, Bitcoin (BTC) rose to a new 30-month high in market share among all cryptocurrencies as BTC continued to beat most altcoins. Bitcoin dominance rate, which measures the relationship between the market capitalization of the largest crypto asset and the overall digital asset market. According to TradingView, Bitcoin dominance soared to 54.4%, reaching its highest level since the Great Bull Run in April 2021. Another way of saying it is that Bitcoin's dominance rate of more than 50% means that Bitcoin's market capitalization exceeds all...

By Krisztian Sandor, CoinDesk; Compiled: Pine Snow, Golden Finance Bitcoin's cryptocurrency market share soared to 54.4%, the highest level since April 2021. One analyst noted that bitcoin outperformed altcoins due to spot ETFs and risk aversion. On Wednesday, Bitcoin (BTC) rose to a new 30-month high in market share among all cryptocurrencies as BTC continued to beat most altcoins. Bitcoin dominance rate, which measures the relationship between the market capitalization of the largest crypto asset and the overall digital asset market. According to TradingView, Bitcoin dominance soared to 54.4%, reaching its highest level since the Great Bull Run in April 2021. Another way of saying it is that Bitcoin's dominance rate of more than 50% means that Bitcoin's market capitalization exceeds all...

By Steven Church, Forbes; Compiled: Pine Snow, Golden Finance FTX Trading Ltd. is considering a proposal from three bidders to restart trading at the company, which was once one of the world's largest cryptocurrency exchanges, before it went bankrupt due to fraud allegations. Kevin M. Cofsky of Perella Weinberg Partners, the firm's investment banker, said Tuesday at a court hearing in Wilmington, Delaware, that the firm will make a decision on how to proceed by mid-December. Cofsky said FTX is in talks with investors on the details of a potentially binding offer. Cofsky told U.S. bankruptcy judge John Dorsey that options include selling the entire exchange, including more than 900...

By Jesse Hamilton, CoinDesk; Compiled: Pine Snow, Golden Finance Although the U.S. House of Representatives was paralyzed by the dramatic events of the Republican leadership, U.S. Senators Kirsten Gillibrand (D-N.Y.) and Cynthia Loomis (Wyoming Republican) are still working to push for the passage of cryptocurrency legislation. U.S. Senators Kirsten Gillibrand and Cynthia Lummis are hopeful about every aspect of their comprehensive crypto bill. Gillibrand said at the cryptocurrency conference in Washington on Tuesday: "I think there is huge potential for both the House and Senate to pass a stablecoin bill. "This is a measurable, achievable goal for both houses." This year, the House Financial Service...

By Jesse Hamilton, CoinDesk; Compiled: Pine Snow, Golden Finance Although the U.S. House of Representatives was paralyzed by the dramatic events of the Republican leadership, U.S. Senators Kirsten Gillibrand (D-N.Y.) and Cynthia Loomis (Wyoming Republican) are still working to push for the passage of cryptocurrency legislation. U.S. Senators Kirsten Gillibrand and Cynthia Lummis are hopeful about every aspect of their comprehensive crypto bill. Gillibrand said at the cryptocurrency conference in Washington on Tuesday: "I think there is huge potential for both the House and Senate to pass a stablecoin bill. "This is a measurable, achievable goal for both houses." This year, the House Financial Service...

By James Cirrone, Blockworks; Compiled: Pine Snow, Golden Finance On Monday, asset manager Alliance Bernstein released a memo that unabashedly compared bitcoin to gold, calling it a "safe-haven asset." Analysts emphasize that in addition to Bitcoin's intrinsic value derives from its limited supply of 21 million bitcoins (known as the "hard currency attribute"), the asset's return is undeniable. "Since its inception, Bitcoin has outperformed gold," analysts wrote in an October 16 note. "Over the past 3 years, gold has been flat, while Bitcoin has risen 150% (despite a 60% decline in 2022)." They write that over the past five years, Bitcoin has returned five times more than gold. ...

By Katherine Ross, Blockworks; Compiled: Pine Snow, Golden Finance Gio Viciioso, head of CME's cryptocurrency business, noted that his company is "ready" for the bitcoin rally that will occur on Tuesday. Bitcoin briefly touched $35,000 on Monday before stabilizing around $33,000. The rally was driven by hopes of spot approval for the Bitcoin ETF, which the market may not see approval until early next year. Viciioso said: "The investor community is generally looking forward to the approval of the spot Bitcoin ETF. ” Not just retail investors. Viciioso noted that very diverse players are entering the space, "which includes both cryptocurrency investors and cryptocurrency-focused funds." But...

By James Cirrone, Blockworks; Compiled: Pine Snow, Golden Finance On Monday, asset manager Alliance Bernstein released a memo that unabashedly compared bitcoin to gold, calling it a "safe-haven asset." Analysts emphasize that in addition to Bitcoin's intrinsic value derives from its limited supply of 21 million bitcoins (known as the "hard currency attribute"), the asset's return is undeniable. "Since its inception, Bitcoin has outperformed gold," analysts wrote in an October 16 note. "Over the past 3 years, gold has been flat, while Bitcoin has risen 150% (despite a 60% decline in 2022)." They write that over the past five years, Bitcoin has returned five times more than gold. ...

By Katherine Ross, Blockworks; Compiled: Pine Snow, Golden Finance Gio Viciioso, head of CME's cryptocurrency business, noted that his company is "ready" for the bitcoin rally that will occur on Tuesday. Bitcoin briefly touched $35,000 on Monday before stabilizing around $33,000. The rally was driven by hopes of spot approval for the Bitcoin ETF, which the market may not see approval until early next year. Viciioso said: "The investor community is generally looking forward to the approval of the spot Bitcoin ETF. ” Not just retail investors. Viciioso noted that very diverse players are entering the space, "which includes both cryptocurrency investors and cryptocurrency-focused funds." But...

By Charles Yu, Galaxy; Compiled: Pine Snow, Golden Finance The approval of a US-regulated spot Bitcoin ETF will be one of the most influential catalysts for the adoption of Bitcoin (and cryptocurrencies as an asset class). The significance of a Bitcoin ETF Why Bitcoin ETFs are a more ideal solution than current investment vehicles As of 9/30/23, Bitcoin investment products, including ETPs and closed-end funds, held a total of 842,000 BTC (approximately $21.7 billion). These Bitcoin investment products have significant drawbacks for investors – in addition to high fees, low liquidity, and tracking errors, these products are unavailable to a large portion of the investor base. Alternative investment options to increase indirect exposure to Bitcoin (e.g. stocks, HF, futures...).

By Charles Yu, Galaxy; Compiled: Pine Snow, Golden Finance The approval of a US-regulated spot Bitcoin ETF will be one of the most influential catalysts for the adoption of Bitcoin (and cryptocurrencies as an asset class). The significance of a Bitcoin ETF Why Bitcoin ETFs are a more ideal solution than current investment vehicles As of 9/30/23, Bitcoin investment products, including ETPs and closed-end funds, held a total of 842,000 BTC (approximately $21.7 billion). These Bitcoin investment products have significant drawbacks for investors – in addition to high fees, low liquidity, and tracking errors, these products are unavailable to a large portion of the investor base. Alternative investment options to increase indirect exposure to Bitcoin (e.g. stocks, HF, futures...).

By Abdulkarim Abdulwahab, Coin Edition; Compiled: Pine Snow, Golden Finance Vitalik Buterin discusses the challenges of centralized staking and scaling in Ethereum. He highlighted four key scaling challenges in the second layer solution, including ZK attestation and data availability. Buterin emphasizes maintaining a strong base layer while expanding Ethereum's scalability. Vitalik Buterin, the prominent co-founder of Ethereum, the second-largest cryptocurrency project, presented a critical discussion around the challenges of the Ethereum proof-of-stake network. These include centralized staking and transaction processing efficiency and Layer 2 scaling issues. Buterin mentioned the initiative in his ongoing Ethereum Hong Kong Hackathon presentation. According to the screenshot shared, Bu...

By Turner Wright, Cointelegraph; Compiled: Pine Snow, Golden Finance The iShares spot bitcoin exchange-traded fund (ETF) proposed by investment firm BlackRock is listed with the US Depository Trust and Clearing Corporation (DTCC), which means it may be approved by the US Securities and Exchange Commission. Bloomberg ETF analyst Eric Balchunas said in an October 23 (former Twitter) post that the DTCC listing was "part of the whole process" of bringing crypto ETFs to market. The iShares spot Bitcoin ETF, which has the ticker symbol IBTC and may be listed on the NASDAQ Stock Exchange, filed for listing and trading in June. Balchunas said: "This is in D...

By Helen Partz, Cointelegraph; Compiled: Pine Snow, Golden Finance Blockchain executives at professional service provider Ernst & Young (EY) said there is a lot of demand for bitcoin from institutional investors, but it still needs to wait for approval from spot bitcoin exchange-traded funds (ETFs) to trigger a buying rally. Paul Brody, global head of blockchain at EY, believes that bitcoin faces a lot of pent-up demand from institutions due to US regulators not approving spot bitcoin ETFs for years. Brody discussed the prospect of cryptocurrency adoption on CNBC's Crypto Decrypted show on October 23, declaring that trillions of dollars of institutional funds are waiting to enter the bitcoin market once the bitcoin ETF is approved. Blockchain experts at EY said: ...

By Helen Partz, Cointelegraph; Compiled: Pine Snow, Golden Finance Blockchain executives at professional service provider Ernst & Young (EY) said there is a lot of demand for bitcoin from institutional investors, but it still needs to wait for approval from spot bitcoin exchange-traded funds (ETFs) to trigger a buying rally. Paul Brody, global head of blockchain at EY, believes that bitcoin faces a lot of pent-up demand from institutions due to US regulators not approving spot bitcoin ETFs for years. Brody discussed the prospect of cryptocurrency adoption on CNBC's Crypto Decrypted show on October 23, declaring that trillions of dollars of institutional funds are waiting to enter the bitcoin market once the bitcoin ETF is approved. Blockchain experts at EY said: ...

Written by Stephen Alpher, CoinDesk; Compiled: Pine Snow, Golden Finance The D.C. Circuit Court of Appeals ended the dispute between the U.S. Securities and Exchange Commission (SEC) and Grayscale with a final ruling, effectively ordering the agency to drop its rejection of the asset manager's spot bitcoin ETF application. Grayscale CEO Michael Sonnenshein will now await the SEC's next move in applying for a spot Bitcoin exchange-traded fund. Monday's formal closure of the case essentially cemented the court's preliminary ruling two months ago that the SEC's decision to reject Grayscale's attempt to convert its approximately $17 billion Grayscale Bitcoin Trust (GBTC) into a spot ETF was "arbitrary and capricious"...

Written by Stephen Alpher, CoinDesk; Compiled: Pine Snow, Golden Finance The D.C. Circuit Court of Appeals ended the dispute between the U.S. Securities and Exchange Commission (SEC) and Grayscale with a final ruling, effectively ordering the agency to drop its rejection of the asset manager's spot bitcoin ETF application. Grayscale CEO Michael Sonnenshein will now await the SEC's next move in applying for a spot Bitcoin exchange-traded fund. Monday's formal closure of the case essentially cemented the court's preliminary ruling two months ago that the SEC's decision to reject Grayscale's attempt to convert its approximately $17 billion Grayscale Bitcoin Trust (GBTC) into a spot ETF was "arbitrary and capricious"...

By Colin Harper, Jaran Mellerud, Balmy Investor, Hashrate Index; Compiled: Pine Snow, Golden Finance The third quarter has passed, and we have written another quarterly Bitcoin mining report, documenting all the significant changes and trends that have occurred over the past three months. Our latest report covers hash prices, commonly used network data (hashrate/difficulty/transaction fees), inscriptions, ASIC markets, energy markets, Bitcoin mining company stocks, and more. Hash price volatility denominated in US dollars hit record lows Thankfully, the dollar-denominated hash price continued to rise in the third quarter, with Bitcoin reaching an annual high of just over $30,000. The average price of Bitcoin in the third quarter of 2023 was $28,100 (the first three quarters of 2023...

By Sean Stein Smith, Forbes; Compiled: Pine Snow, Golden Finance The potential for a Bitcoin spot ETF listing has been the news that many individual and institutional investors have been waiting for, but how exactly does the process work? When news broke that BlackRock filed an application with the SEC to create a spot Bitcoin ETF, the crypto market generally saw it as something that would benefit almost universally, and rightly so. While some may express dissatisfaction with the entry of traditional financial institutions into the crypto space, the reality is that institutions of this size and type are needed to participate in the market in order for cryptocurrencies to achieve mainstream adoption. Enthusiasm for this particular spot ETF application outweighs hope for multiple other similar applications that have been filed recently. On October 16, with the news of the approval of the BlackRock ETF, Bitcoin once exceeded $30,000; When the news turns out to be fake, the price...

By William Suberg, Cointelegraph; Compiled: Pine Snow, Golden Finance On October 23, with the rapid rise of the first Asian trading session of the week, Bitcoin hit a three-month high. BTC/USD 1-hour chart. Source: TradingView Bitcoin bulls face Bitcoin price resistance Data from Cointelegraph Markets Pro and TradingView shows that the price of bitcoin rose strongly, reaching $30,944 on Bitstamp. The largest cryptocurrency by market capitalization closed above $30,000 for the first time since the summer, continuing to approach key long-term resistance levels. That includes the 2023 high, which currently stands at $31,800. "Bitcoin returns to key resistance level for the third time in 6 months," the famous exchange...

Written by Rakesh Upadhyay, Cointelegraph; Compiled: Pine Snow, Golden Finance Bitcoin had a great week, with prices rising by about 10%, reaching an important psychological level of $30,000. After the rally, the question that plagues investors is whether the uptrend will continue or will reverse. Trading team Stockmoney Lizards recently said that Bitcoin may soon break above its resistance level and start a sharp rally. They believe that the approval of the ETF will drive mass adoption and trigger a rally ahead of the April 2024 halving. Cryptocurrency market data. Source: Coin360 One positive development this week is that Bitcoin's strength has affected several altcoins that have soared above their respective upper resistance levels. This shows that the market situation...

By Tyler Pearson, DLNnews; Compiled: Pine Snow, Golden Finance This week, Larry Fink, CEO of BlackRock, the world's largest asset manager, embraced bitcoin again. Here's how Fink, once skeptical of cryptocurrency, became a believer and how he supported efforts to push the most valuable cryptocurrency into the new mainstream asset class: 2017 October 3: Fink tells Bloomberg TV that he is a "big believer" in cryptocurrencies, but market speculation is rampant. Two months later, the market crashed and cryptocurrencies entered a bear market known as the "crypto winter." October 13: Fink said in an interview with CNBC that bitcoin is "an indicator of money laundering" and will revolve around the hype around cryptocurrencies with the Dutch in the 1600s.