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Markus Thielen from 10x Research perceives a "real possibility" of a lower CPI figure in the US on 12th February, which could go against consensus expectations and potentially spark a Bitcoin rally.
Quick Take Strategy has recommenced its bitcoin acquisitions, purchasing an additional 7,633 BTC for around $742.4 million at an average price of $97,255 per bitcoin. These recent acquisitions come after the sale of Strategy shares equivalent to the same value.
The official X account of the President of the Central African Republic announced a memecoin named CAR. The launch of the memecoin is described as an experiment to determine if a meme can "unite people" and support the "national development" of the Central African Republic.
Quick Take The prices of various cryptocurrencies have dipped after President Trump told reporters that he plans to implement new 25% tariffs on steel and aluminium next week. The price of Bitcoin, which briefly surpassed $100,000 on Friday, has slid to around $95,000, with Ethereum down 3.5% in the past 24 hours. The price action comes shortly ahead of Super Bowl LIX, expected to be the most-watched telecast of the year.
Bitcoin's historical price data suggests potential for new all-time highs in Q1, yet liquidity gaps below $80,000 might cause a short-term price decline.
Bitcoin could reach $150,000 this cycle, and if it surpasses that price level, it will probably "come back down through it," says Glassnode analyst James Check.
The group will focus on creating a federal regulatory framework for digital assets, including stablecoins, and will work to assess the establishment of a "strategic national digital assets stockpile."
Markus Thielen from 10x Research states that Bitcoin is moving in $18,000 increments and forecasts it could reach $122,000 by February.
AI-driven meme coins utilise artificial intelligence for personalised content, real-time analytics, and enhanced user engagement. While these innovations present exciting possibilities, the long-term success of this sector will depend on addressing key challenges.
- 19:33Monad co-founder: Privy server overload prevents some users from completing identity verificationForesight News reported that Monad co-founder Keone tweeted that due to excessive load on the Privy server, some users are unable to complete identity verification in the Monad claim portal. Privy is working to resolve this issue.
- 19:33Prime broker LTP receives in-principle approval from Dubai Virtual Assets Regulatory AuthorityForesight News reported that global institutional prime broker LTP announced that its Dubai subsidiary, Liquidity Fintech FZE, has received an In-Principle Approval (IPA) for a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). LTP stated that this approval will enable LTP to further expand its regulated business footprint in the UAE, provide virtual asset brokerage services through Liquidity Fintech FZE, and become a regional hub for qualified and institutional investors in the Middle East.
- 19:33Bitget CandyBomb launches FLK, unlock token airdrop through contract tradingForesight News reported that Bitget CandyBomb has launched the FLK project, with a total prize pool of 13,333 FLK. By completing specific contract trading volume tasks, an individual can earn up to 133 FLK. Detailed rules have been published on the official Bitget platform. Users must click the "Join Now" button to register and participate in the event. The event ends at 20:00 on October 21 (UTC+8).