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Big DOGE token (BDOGE) has surged by an astounding +1,000%, leading to accusations of it being a potential scam. However, despite allegations, the token shows no signs of security threats. On the other hand, Meme Kombat offers unique, decentralized Web3 platform with a game that allows prediction on meme character battles.

Bitcoin’s rise towards $28,000 was linked to U.S. debt limit uncertainty. Despite skirting an immediate shutdown, risks of recession persist due to factors like inflation and surging oil prices. Bitcoin investors are bracing themselves for potential volatility as the debt ceiling decision nears, with strategic trading moves critical in this climate of uncertainty.

“In a week, Wall Street Memes ($WSM) has become the third most traded meme coin with $95 million 24-hour trading volume. Listed on Gate.io, CoinW and others, $WSM offers token holders capital appreciation and yield-earning potential, revolutionizing financial markets by advocating for the little guy.”

“Binance is discontinifying its Binance USD (BUSD) lending services, with a full termination of BUSD support planned for 2024. The decision comes after issuer Paxos severed ties with Binance amid litigation with the U.S. Securities and Exchange Commission. Users are now urged to convert their BUSD to other currencies.”

“The SEC’s categorization of Bitcoin as a utility sparked a shift in its narrative, influencing large corporates and changing media portrayal. Despite obstacles like US regulation and offline storage controversies, optimism underlies the crypto community with companies like Ledger seeking innovative solutions.”

“ETH experienced a slight dip of 3.5% but overall displays a significant 39% gain since the start of the year. The 30-day moving average continues to ascend, suggesting a promising outlook. Newcomer altcoins like Meme Kombat (MK) also show promise, but investments should be researched thoroughly due to high risks.”

“A recent report highlighted Bitcoin’s price drop and induced a patient wait for a steady climb. Analysts suggest a careful approach, emphasizing the need for spot bids. Despite the market’s unpredictability, advancements in blockchain technology like Singapore’s Sygnum procuring a license to offer crypto brokerage services make the crypto landscape a compelling experience.”

“Bitcoin saw a recent price knock at $28.5K, triggering doubt amongst market observers despite strong market interest. Some traders suggested possibility of ‘upside wick’ fakeout, or sudden price reversal. Meanwhile, upcoming Ethereum Strategy exchange-traded fund by VanEck looks promising, which could offer exposure to cash-settled ETH contracts, amidst cautious vigilance in crypto landscape.”

Investment firm VanEck plans to launch its Ethereum Strategy ETF that accrues capital by investing in Ether futures contracts offering tax benefits to long-term investors. Skepticism remains on whether such a strategy can truly capture Ether’s volatility and growth potential.

“The cryptocurrency markets started strong in October, with Bitcoin surpassing $28,000, its highest in mid-August. Yet, the potential for volatility raises concerns about possible price reversals. The current market sentiment may not reflect the value of the underlying technology, posing both gains and risks for investors.”

Despite market trends, the crypto and blockchain sector continues to attract significant investments, particularly in fields like blockchain analytics, gaming, and crypto privacy. Venture capitalists are supporting promising startups like Bubblemaps, CoinScan, Hinkal Protocol, and Mythic Protocol, each bringing unique value to the industry. Market volatility remains a concern yet growth and adoption Momentum persists.

“Chainlink (LINK) experiences a bullish wedge pattern with support at $6.549 and potential downside risks, while also hinting at a price correction. Meanwhile, Meme Kombat, a blockchain platform, enables users to stake $MK tokens, raising $165k in its pre-sale, highlighting the dynamic and nuanced nature of the crypto space. “

VanEck announced it will dedicate 10% of upcoming earnings from its Ethereum futures ETF to Ethereum’s core developers, via The Protocol Guild. Other crypto-communities including Lido Finance and Uniswap are also supporting the Ethereum network, with $12 million raised publicly so far.

“U.S. economy experiences instability with personal consumption expenditure inflation index rising by 3.5%. U.S. Treasuries depreciated by $1.5 trillion due to recent rate hikes, raising investor concerns about assets like Bitcoin and trading market’s ability to weather rising interest rates.”

“Investment giants, Invesco and Galaxy Digital, are reportedly seeking regulatory approval for their spot Ethereum ETF. This follows prior similar requests like ARK 21Shares and VanEck. The introduction of Ether futures offers traditional investors access to crypto-assets and risk diversification, despite potential market manipulations and challenges in the regulatory approval process.”

Today’s Ether price is getting a boost from projections of an Ethereum futures ETF launch and lower than expected inflation rates. The approval granted to asset manager Valkyrie to intertwine Ethereum futures within its Bitcoin Strategy ETF has also contributed to this bullish shift. However, traders must balance optimism with caution, acknowledging the inherent risks with every trading move.

“BTC’s volatility has resulted in a ‘short squeeze’, struggling to consolidate gains at around $27,000. Market activity has been largely driven by ‘perpetual’ traders, with $27,200 remaining a volatile point. Legal issues, such as Binance’s SEC lawsuit, also impact the digital currency landscape.”

“Bitcoin optimists eagerly anticipate October, largely due to the potential approval of a BTC spot Exchange Traded Fund by the SEC. On the other hand, On-Chain inflows signals a possible short-term dip. Also, the rise of Bitcoin-derivative tokens and the transformation in Bitcoin mining by initiatives like Bitcoin Minetrix characterize this vibrant period in the Bitcoin saga.”

“The buzz about the possible launch of an Ethereum futures exchange-traded fund (ETF) is palpable. However, this hastens a potential marketing assault to push its adoption. These instruments, while institutionalizing crypto markets, could amplify volatility and potentially overshadow smaller retail traders and traditional crypto philosophy.”

“Valkyrie plans to offer Ether futures exposure to US investors amidst SEC’s delays on Bitcoin ETF. The firm intends to rename its Bitcoin Strategy ETF to include Ether, although SEC approval is pending. This move surfaces as several firms, including Valkyrie, await approval for spot crypto ETFs.”