News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
For the cryptocurrency industry, the past October saw most indicators finally beginning to rebound. This article will review the state of the cryptocurrency market over the past month with 11 charts.
![Today's Must-Read | Twitter Featured Views [November 5th]](https://img.bgstatic.com/multiLang/web/8e1199d7822fef00d2ec95133764186d.png)
Share link:In this post: Bernstein predicts Bitcoin will reach $200,000 by the end of 2025. Key factors include the rise of debt in the United States and increased demand from spot ETFs. According to Bernstein, if Trump is to win, then Bitcoin may rise to between $80,000, and if Harris wins, Bitcoin may drop to $50,000.
Share link:In this post: As FOMO kicks in, Bitcoin holders in South Korea spend 2.2% more on purchases. The ‘Kimchi Premium’ was negative between Oct. 12 and Oct. 20 as Bitcoin traded below the global market average in South Korea. In 2024, the South Korean Won was the second largest fiat currency in Bitcoin, trading at 3.99% after the U.S. dollar, which was at 17.75%.
Michigan's pension fund makes history as the first to invest in an Ethereum ETF, marking a new era of crypto adoption in public funds.
- 20:36Trump to Speak with Russian President Putin on MondayOn May 17, U.S. President Trump stated that he would have a phone call with Russian President Putin at 10 a.m. (local time) on Monday (10 p.m. UTC+8), followed by a conversation with Zelensky, and then talks with NATO member countries. (Jin10)
- 20:36Current Mainstream CEX and DEX Funding Rates Indicate Market Has Turned BearishAccording to Coinglass data, the current funding rates of major CEX and DEX indicate that the market has shifted towards bearish trading. The specific funding rates for major cryptocurrencies are shown in the attached image. Note from BlockBeats: Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between the contract price and the underlying asset price, typically applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of holding contracts for traders, so that the contract price remains close to the underlying asset price. When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it means the market is generally bullish. When the funding rate is less than 0.005%, it means the market is generally bearish.
- 20:34Lightchain AI Mainnet to Launch in JulyAccording to a report by Bitcoin.com, the mainnet of the blockchain project Lightchain AI will go live in July, introducing a decentralized AI marketplace. Previously, it was reported that the blockchain project Lightchain AI announced the official launch of its testnet and completed a $15 million financing round.