According to PANews, data from Coinglass reveals that the cryptocurrency market experienced liquidations totaling $106 million over the past 24 hours. Of this amount, long positions accounted for $66.33 million, while short positions made up $39.74 million. Bitcoin (BTC) saw liquidations amounting to $23.97 million, and Ethereum (ETH) experienced liquidations totaling $15.10 million.

According to CoinDesk, real estate has historically been a significant source of wealth for older generations in top-tier Asian cities like Singapore and Hong Kong. Many older individuals have seen their wealth increase due to rising property values, even if they are cash-poor. In Hong Kong, for example, parents who fully own their property are likely to be millionaires, even if it is a small one-bedroom apartment. However, younger generations, including millennials and Gen Z, face significant financial burdens due to ultra-high property prices. Many are weighed down by long-term mortgages with high interest rates, making it difficult for them to build the same level of wealth through real estate as their parents did. Despite the challenges, many young adults still view real estate as their only viable investment option, as there are few obvious alternatives. The continuous inflation of the real estate market in various Asian cities makes it increasingly difficult for them to keep up, potentially leading to a downward financial spiral. Amid this dilemma, some experts advocate for alternative investments such as bitcoin. Bitcoin, often referred to as “virtual real estate,” offers a unique opportunity for younger investors. With a capped supply of 21 million units, bitcoin is rarer than most real estate options. Its highly liquid market allows investors to trade BTC anytime, without the barriers associated with property ownership and hefty down payments, making it an intriguing investment option. Wealth is often transformed and redistributed across generations, and bitcoin could play a pivotal role in this transition. Data indicates that younger people, driven by their tech savviness, are generally more open to cryptocurrency investments. This generational shift suggests that bitcoin may be crucial for transferring wealth from older generations to younger ones. Bitcoin represents a new frontier for wealth accumulation among younger generations. Instead of pursuing increasingly expensive real estate, younger investors might consider allocating funds to bitcoin. It is crucial, however, to approach this investment with a long-term mindset, similar to holding onto residential property, rather than engaging in speculative trading. This responsible and prudent approach is key to building enduring wealth in an increasingly challenging financial landscape.

Ethiopia leads the African continent in Bitcoin mining, with prospects for international growth in the coming years. source: https://atlas21.com/ethiopia-bets-on-bitcoin-600-mw-commitment-for-mining/?utm_source=rss&utm_medium=rss&utm_campaign=ethiopia-bets-on-bitcoin-600-mw-commitment-for-mining

Lawyers for former FTX executive Ryan Salame asked the court to postpone his prison sentence from Oct. 11 to Dec. 7 to allow him to treat injuries he suffered in a dog attack over the summer, according to a filing released Wednesday. This is the second time Ryan Salame has requested a delay in his sentence. Ryan Salame, formerly co-CEO of FTX Digital Markets, was sentenced to seven and a half years in prison last year after pleading guilty in September to conspiracy to make illegal political contributions and conspiracy to operate an unlicensed money transmission business.

Insanely realistic Satoshi podcast created in seconds, AI + Crypto tokens outperform memecoins by 2X despite “supercycle”: AI Eye. source: https://cointelegraph.com/magazine/insane-satoshi-podcast-created-in-seconds-crypto-ai-outperform-memecoins-ai-eye/?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

سجلت عملة BNB مكاسب بنسبة 5% خلال الأسبوع الماضي، واقتربت من مستوى المقاومة طويل الأمد البالغ 598,90$. وفي وقت كتابة هذا التقرير، تتداول العملة الرقمية عند أعلى مستوى لها في سبعة أيام وهو 585,50$ وتبدو جاهزة لمواصلة زخمها الصعودي. تشير المؤشرات الفنية إلى احتمالية حدوث اختراق فوق مستوى المقاومة 598,90$، مما قد يدفع السعر نحو أعلى مستوى في أربعة أشهر وهو 652,90$. تستكشف هذه التحليلات مدى... source: https://ar.beincrypto.com/%d8%b9%d9%85%d9%84%d8%a9-%d8%a8%d9%8a%d9%86%d8%a7%d9%86%d8%b3-bnb-3-%d8%a5%d8%b4%d8%a7%d8%b1%d8%a7%d8%aa-%d9%84%d9%84%d8%b5%d8%b9%d9%88%d8%af-%d9%86%d8%ad%d9%88-650-%d8%af%d9%88%d9%84%d8%a7%d8%b1/

CryptoQuant has reported that liquidity within the cryptocurrency market has hit all-time highs. source: https://cryptodnes.bg/en/what-is-driving-the-surge-in-stablecoin-market-capitalization/

TL;DR Canary Capital Group files with the SEC to launch the Canary XRP ETF, marking its debut in the cryptocurrency exchange-traded funds market. The application comes after Bitwise Asset Management’s proposal for an XRP ETF. Ripple Labs faces penalties for selling XRP without authorization, but interest in XRP-linked products continues to rise. Canary Capital Group ... source: https://crypto-economy.com/xrp-etf-incoming-canary-capital-follows-bitwise-in-pushing-xrp-to-the-mainstream/

Thruster, a DEX project in the Blast ecosystem, announced the opening of THRUST token airdrop applications, which will be open for 90 days. The THRUST airdrop accounts for 7% of the total supply, of which 50% is fully liquid and 50% is staked for a minimum of 13 weeks in the form of veTHRUST. It is reported that 5% of the total THRUST supply will be reserved for liquidity, which will be the only other circulating supply besides the airdrop, and no market makers will participate in THRUST liquidity.

Ryan Salame asked a court if he could start his prison time later in order to get medical care after being injured by a dog over the summer. source: https://www.theblock.co/post/320282/former-ftx-exec-ryan-salame-asks-again-to-push-back-his-prison-time-to-get-medical-treatment-following-dog-attack-over-the-summer?utm_source=rss&utm_medium=rss

Crypto Market, 20 Cryptocurrency Predictions for 2025 Bitcoin will break through the $100,000 mark Golden Finance, 20 Predictions for the Cryptocurrency World in 2025

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

Standard Chartered Bank predicts that if Trump is elected as the US president in November, the price of Solana token SOL is expected to rise by 500% by the end of 2025.

A new HBO documentary suggests that the creator of Bitcoin, Satoshi Nakamoto, is likely Canadian software developer Peter Todd, disproving the Nick Szabo theory put forward by Musk.

The Dow's performance in the 11 weeks before Election Day has been correlated with whether the incumbent party's candidate wins the presidential election since 1968.

Well-known analysis agency QCP Capital said that if China stops its economic stimulus measures, Bitcoin will usher in capital reallocation and the cryptocurrency market will benefit from it.

On October 8, 2024, the Financial Services Agency of Japan issued an important statement clarifying that "non-custodial wallet services" using certification technology are not considered to be crypto asset exchange industries.

Wall Street tycoon Schiff said the U.S. government is ready to sell 69,370 bitcoins and called on MicroStrategy to borrow another $4.3 billion to buy it.

Jade City has shipped its first batch of jade to Guangdong, China, aiming to profit from the $50 billion jade market and launch a tokenization platform, making this exclusive market more accessible to investors.

Ethiopia is rapidly advancing in Bitcoin mining, leveraging low-cost renewable energy to power operations consuming 600 MW. While promising, addressing electricity access remains crucial for growth.