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Redacted, a Web3-focused data and entertainment startup, has recently unveiled The Redacted Fund, an early-stage venture initiative that has already completed seven initial investments to support the growth of its ecosystem. Introduced at “Redacted Airways,” the first Web3 event held on an aircraft, this fund is designed to back emerging decentralized applications across entertainment, finance, and infrastructure. The fund was established in partnership with Saison Capital, Expert Dojo, and Frekaz Group, and it plans to use the upcoming RDAC token to drive growth. The startups benefiting from these initial investments include Biptap, LegendaryWeb3, Hub.xyz, NUMA social, flip.meme, ammalgam, and iAgentProtocol. As explained by Redacted's CEO and co-founder, Shanjan Kumar, The Redacted Fund was inspired by a high-profile event with Qatar Airways in September, where 300 prominent figures in Web3, including investors and influencers like Aethir founder Mark Rydon and NFT enthusiast Gra...

Could BRICS nations be on the verge of adopting Bitcoin? This is the perspective shared by VanEck's head of research. Bitcoin Mining Among BRICS Nations Matthew Sigel recently suggested on CNBC that BRICS nations are showing considerable interest in Bitcoin. According to him, the BRICS countries now have a combined GDP that surpasses the G7, and several new member countries, including Argentina, the United Arab Emirates (UAE), and Ethiopia, are involved in Bitcoin mining with government support. Although Argentina is not officially part of the BRICS, its national power company YPF has partnered with Genesis Digital Assets from the U.S. to utilize excess gas from oil fields for Bitcoin mining. Meanwhile, the UAE’s sovereign fund has collaborated with Marathon Digital Holdings, managing around 400 megawatts of mining capacity in Abu Dhabi, which represents roughly 3% of the global Bitcoin hashrate. Ethiopia is also leveraging its abundant hydropower resources for Bitcoin mining...

Reddit, the online community known for its discussions and memes, recently surprised everyone by selling off most of its Bitcoin and Ethereum. This move, revealed in a filing with the SEC, has got everyone talking. Why would Reddit, a company with a huge online presence, suddenly decide to dump their crypto? A Big Bitcoin Dump According to the SEC filing, Reddit cashed in the majority of their crypto holdings during the last quarter of 2024. This included a big chunk of Bitcoin and Ethereum, two of the biggest names in the crypto world. The sale brought in around $6.8 million. This decision is especially interesting because the crypto market is currently doing well, with Bitcoin hitting record highs. What's Behind the Move? So, what's going on? Reddit hasn't explicitly stated their reasons, but there are a few theories floating around. Small Gains, Big Risk: Reddit might have decided that the potential gains from holding Bitcoin and Ethereum weren't worth the risk. Cryp...

Why "Monetize Your Knowledge" is Trending The phrase "Monetize Your Knowledge" gained widespread attention from cryptocurrency enthusiasts and casual internet users on October 30, 2024, after it appeared as part of the Tapswap Daily Combo code in the popular Telegram-based tap-to-earn game. The game often features combo codes that challenge users with questions, and this particular phrase sparked a surge in online searches, quickly becoming a trending topic. Some users misinterpreted it as a warning or financial advice from Tapswap, though it was actually the title of an educational video from a well-known finance channel, focusing on the risks of cryptocurrency investing. The video’s goal is to educate viewers about common mistakes in crypto trading, stressing the importance of thorough research and caution. Its appearance in the daily combo code was coincidental and had no direct connection to Tapswap . Although the video offers valuable insights, it is unrel...

Why "Twitter Explodes Over HBO's Claim" is Trending The phrase "Twitter Explodes Over HBO's Claim" gained widespread attention from cryptocurrency enthusiasts and casual internet users on October 28, 2024, after it appeared as part of the Tapswap Daily Combo code in the popular Telegram-based tap-to-earn game. The game often features combo codes that challenge users with questions, and this particular phrase sparked a surge in online searches, quickly becoming a trending topic. Some users misinterpreted it as a warning or financial advice from Tapswap, though it was actually the title of an educational video from a well-known finance channel, focusing on the risks of cryptocurrency investing. The video’s goal is to educate viewers about common mistakes in crypto trading, stressing the importance of thorough research and caution. Its appearance in the daily combo code was coincidental and had no direct connection to Tapswap . Although the video offers v...

On October 31, 2024, the term "DeFi Risks Key Insights" captured significant attention among cryptocurrency enthusiasts and casual internet users. This surge in interest was driven by its mention in the BLUM Daily Video Code, a feature in the popular tap-to-earn game on Telegram, which had launched just a day before. Players needed to answer a question from the video, with the correct answer being "BLUMHELPS." Consequently, there was a noticeable increase in online searches for terms like "defi blum code" and "blum crypto code," as users aimed to understand the featured DeFi risks concepts and maximize their in-game rewards. What is BLUM and its Daily Video Code?   BLUM is a tap-to-earn game where players engage with videos and quizzes to earn cryptocurrency rewards. The BLUM Daily Video Code is a popular feature that enables players to redeem tokens and bonuses by correctly answering questions. The BLUM verification code on October 30, 2024,...

Recent data reveals that spot Bitcoin ETFs have drawn a significant $870.02 million, while spot Ethereum ETFs saw $7.65 million in inflows. Crypto ETFs Surge as Bitcoin Nears Record Levels Crypto ETFs have seen strong performance over the last two weeks, as reported by sosovalue.xyz. As Bitcoin (BTC) inched close to its all-time high on Tuesday, 12 Bitcoin ETFs collectively gained $870.02 million. Blackrock’s IBIT fund led with $642.87 million, boosting IBIT’s reserves to 408,253.09 BTC. Fidelity’s FBTC followed with $133.86 million, and Bitwise’s BITB saw inflows of $52.49 million. Trailing closely behind, Grayscale’s Bitcoin Mini Trust gained $29.20 million, with Vaneck’s HODL adding $16.52 million. ARKB, managed by Ark Invest and 21Shares, brought in $12.39 million. These were the only funds with positive flows, as Grayscale’s GBTC saw an outflow of $17.30 million, while other Bitcoin funds held steady. This $870.02 million injection has lifted net inflows for the 12 funds to $23.28...

As China contemplates raising its national debt by over $1.4 trillion, investors and economists worldwide are eyeing Bitcoin as a potential safe haven against currency collapse. This renewed interest, stirred by predictions from Arthur Hayes, BitMEX co-founder, echoes events from 2015, when Bitcoin soared following a sharp yuan devaluation. Now, Bitcoin may hold an even more pivotal role for discerning investors. Chinese Debt Crisis: A Financial Ticking Time Bomb China is grappling with a massive debt crisis, planning to inject over 10 trillion yuan into the economy to support local governments. This ambitious move, however, has triggered significant concern in financial markets, as such a vast infusion amplifies inflation risks and threatens the yuan with devaluation. In China and beyond, this economic volatility renders traditional assets less appealing, setting the stage for Bitcoin as a viable alternative. Bitcoin’s decentralized structure and limited supply create a bulwark agains...

Inflation continues to be a concern for investors around the world. In the face of this threat, companies like Microsoft are exploring innovative solutions to protect their cash reserves. Could investing in Bitcoin offer a viable and secure alternative against monetary erosion? Bitcoin vs. Inflation: A Viable Alternative for Microsoft? In its recent analysis, Bitvavo mentions that Microsoft will consider, at its annual shareholder meeting in December, a proposal to diversify its reserves by investing in Bitcoin. While the board has recommended voting against it, this inclusion could well benefit the company. Bitvavo highlights that Bitcoin is often touted as an effective hedge against inflation due to its decentralized nature and limited supply of 21 million units. Unlike fiat currencies, which can be printed in unlimited quantities by central banks, BTC offers protection against monetary devaluation. For a company like Microsoft, investing in Bitcoin could diversify its reserves and p...

As the US presidential election draws near, Bitcoin has briefly surged to the $70,000 mark for the first time in over five months. This milestone coincides with former President Donald Trump leading in polls against Vice President Kamala Harris, setting the stage for potential shifts in the cryptocurrency landscape depending on the election outcome. $70,000 As Key Level For Bitcoin To Surpass March Record The recent uptick in Bitcoin’s price has been bolstered by a rally in the stock market, with analysts noting that investors are increasingly pricing in a potential Trump victory.  Tony Sycamore, a market analyst at IG Australia Pty, indicated that Bitcoin needs to maintain a solid break past $70,000 to build confidence in surpassing its previous record of $73,798 set in March. Trump has positioned himself as a pro-crypto candidate, pledging to make the US the cryptocurrency capital of the world . In contrast, Harris has taken a more cautious stance, advocating for a regulato...

Bitcoin, the world’s top cryptocurrency, is designed to act as a money or payment option outside anyone’s control. Using the crypto, which is decentralized and peer-to-peer, removes the involvement of third parties, like central banks. This Bitcoin promise has redefined the financial landscape, helped the unbanked, and empowered those who want independence. However, the ecosystem has its share of critics, including central banks. Central banks’ role shrinks as the Bitcoin ecosystem grows and its use cases expand. This prevailing belief is validated by a growing amount of research from financial institutions and central banks that assess Bitcoin’s disruptive nature . The ever-increasing narrative focuses on Bitcoin’s role in promoting inequality and its potential to disrupt central banks’ policies. The Role Of Bitcoin In Distributing Wealth One subject of central banks’ studies highlights Bitcoin’s role in wealth distribution. To help us understand Bitcoin’s role, we look at two pape...

An analyst has explained why it could be the time to get ready for a new Bitcoin bull run, based on the pattern developing in this on-chain metric. Bitcoin US To The Rest Reserve Ratio Has Seen A Reversal Recently In a CryptoQuant Quicktake post , an analyst discussed the recent trend in the BTC US to The Rest Reserve Ratio. This indicator tells us, as its name suggests, the ratio between the total Bitcoin reserves of the US-based centralized platforms and that of the global ones. Platforms here refer to not just the exchanges, but also other entities like banks and funds. When the value of this metric is rising, it means the asset is currently moving from offshore platforms to American ones. Such a trend can be a sign of demand from the US-based investors. On the other hand, the indicator going down suggests the foreign platforms have higher demand for BTC right now as the American exchanges are losing dominance to them. Now, here is a chart that shows the trend in the 100-day Ex...

In a new YouTube video titled “There Is No ETF Paper Bitcoin,” Fred Krueger, an investor at the crypto hedge fund 2718.fund, delved into the growing concerns surrounding US spot Bitcoin Exchange-Traded Funds (ETFs) and their impact on the cryptocurrency’s price. Krueger aimed to dispel the fear, uncertainty, and doubt (FUD) that have been circulating about “paper Bitcoin”—the notion that ETFs might be selling Bitcoin they do not actually possess—and to explain why Bitcoin’s price has not surged as dramatically as some might expect, despite significant ETF purchases. Krueger began his analysis by acknowledging the prevalent skepticism in the market. “There’s all this paper Bitcoin, and ETFs don’t really have the Bitcoin, and if they were buying all this Bitcoin, how come Bitcoin price is not higher?” he stated, encapsulating the core concerns of many investors. Historically, the concept of “paper Bitcoin” has been associated with exchanges that sold Bitcoin to customers without actua...

Bitcoin price is attempting a fresh increase above the $67,000 zone. BTC could gain pace if it clears the $68,750 resistance zone. Bitcoin started a fresh increase from the $65,500 zone. The price is trading above $67,200 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $67,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $68,750 resistance zone. Bitcoin Price Eyes More Upsides Bitcoin price found support near the $65,500 zone . A low was formed at $65,531 and the price started a fresh increase above the $66,200 resistance. The price climbed above the $67,000 and $67,500 levels. There was a move above the 61.8% Fib retracement level of the downward move from the $68,699 swing high to the $65,531 low. There is also a connecting bullish trend line forming with support at $67,400 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading ...

Michael Saylor’s MicroStrategy is back in the news, with its stock trading at a 25-year high. TradingView’s recent data shows that MicroStrategy (MSTR) hit $235.89 in Thursday’s session. The stock’s price increased by more than 7% on October 25th. MicroStrategy’s price action last Thursday continued its 6-week rally and came ahead of its scheduled Q3 earnings report. This week’s stock performance reflected the company’s consistent growth over the past few years. MicroStrategy has outperformed most of its peers in the S&P 500 index and even outpaced Microsoft’s growth since 1999. According to observers, MicroStrategy is bullish, with market analysts listing $245 as the stock’s next target. MicroStrategy Continues Its Bitcoin Focus MicroStrategy, a Virginia-based Bitcoin development company, is currently the world’s largest corporate holder of Bitcoin, with 252,222 BTC. With Bitcoin’s current price of $67,392, the company holds more than $17 billion in assets. MicroStrategy Sto...

A crypto analyst has forecasted a massive price surge for Dogecoin (DOGE), predicting that the king of meme coins will hit a whopping $24 in the near term. While this price target may seem ambitious with Dogecoin currently trading below $1 , the analyst has remained confident, indicating that a surge to this target would shock skeptics.  Dogecoin Eyes $24 Price Target  The Dogecoin price has been trading below $1 for years now, experiencing significant price fluctuations as it attempts to break out of key resistance levels and move past current bearish positions. In contrast to Shiba Inu (SHIB), its top meme coin competitor which has seen impressive gains recently, Dogecoin has experienced substantial price declines that have left a few investors no choice but to liquidate their holdings.  Amidst this bearish trend, a crypto analyst, identified as ‘CEO’ on X (formerly Twitter) has rekindled optimism among Dogecoin community members with a new bullish prediction fo...

Ethereum has experienced a sharp retrace, dropping over 13% since Monday and stirring concerns among investors who had anticipated a breakout. This sudden pullback, which took ETH as low as $2,380 on Friday, has injected a sense of worry into the market, leaving many to question the strength of its recent rally. However, on-chain data from Santiment reveals an intriguing development—whale activity in Ethereum surged to a six-week high just as the price dipped. This spike in large transactions suggests potential accumulation by whales, a pattern often viewed as a bullish signal when occurring near key support levels. Historically, significant whale buying during downturns hints at confidence in a future recovery, as these large holders tend to seek undervalued assets with high potential. The next few days will be critical for Ethereum as investors await signs of stabilization or further decline. A solid hold above recent lows could set the stage for a rebound, while a failure to maint...

The Bitcoin price could see its price surging dramatically to $200,000, with the formation of a new Cup and Handle pattern . While the pioneer cryptocurrency has been slowly recovering from bearish trends to reach the $70,000 mark, a rally to $200,000 would mark a historical milestone and a new All-Time-High (ATH) for BTC.  Technical Pattern Signals $200,000 Rally Ahead Popular crypto analyst, Mags has unveiled a new technical pattern in the Bitcoin price chart. According to his post on X (formerly Twitter), Bitcoin is currently forming “a massive cup and handle pattern,” indicating a potential for a major rally .  Mags revealed that the Bitcoin price has just moved past the handle portion in the technical pattern, indicating a positive signal for a breakout that could start a bullish phase. As its name suggests, a Cup and Handle pattern is a key technical chart pattern that resembles a cup and handle. In this chart pattern, the cup is in the shape of a U and is con...

Analysts said that Bitcoin prices could drop slightly in the short term as whale accumulation reached a new record high. Whale’s Bitcoin holdings have reached 670,000 BTC, the largest accumulation of the digital currency in history. Impact Of Whale Accumulation Crypto analysts said that one of the positive impacts of whales buying large volumes of Bitcoin is it helps stabilize the market. As a result, the crypto’s price could go down a little bit or become more stable. Reducing the volume of Bitcoin in the market could possibly make prices less susceptible to volatility. In previous whale accumulations, it was observed that BTC price usually behaves in a specific way, in which on most occasions, BTC goes flat or slightly decreases. This period of BTC accumulation could also signal that whales have no immediate intent to sell their digital assets. It might be an indicator that whales are looking at capitalizing on Bitcoin in the long term so the accumulation phase is a strategic...

FET is facing strong downward pressure as bearish signals take hold, with the Relative Strength Index (RSI) suggesting further weakness could be on the horizon. Recent declines have pushed FET’s price closer to key support levels, and the RSI’s current reading hints at a continuation of the bearish trend. With a potential drop toward the $0.966 target, investors are left wondering if FET can find a bottom or if additional losses lie ahead. This article analyzes the recent downward pressure on FET’s price, with a particular focus on the pessimistic signals indicated by the RSI. By examining the current market conditions, key support and resistance levels , and the RSI’s implications, we’ll explore whether the token will likely continue its decline toward the $0.966 target or if a potential reversal could be on the way.  What The RSI Reveals For FET On the 4-hour chart, FET has demonstrated pronounced bearish momentum, slipping below the 100-day Simple Moving Average (SMA) as it...