CryptoQuant CEO Ki Young Joo believes that the current rally in Bitcoin is purely driven by institutional and spot ETF demand.

😬 Alts need a large influx of new capital to take off, and the fat cats are simply not interested in shady tokens and especially not in memes.

So it turns out that small alta remains on the shoulders of ordinary workers, without hope of support (as always), and most coins will not be able to update even their ATH.

🚀 The#BTCmarket is simply having a holiday. Every few hours a new ATH. But a huge number of market participants are not particularly happy with the growth. They are up to their ears in altcoins and, judging by the growing dominance, are actively draining their positions in the market to jump on the#BTCrocket.

👀 Everything is going according to plan. Growth helps to take money from weak hands even better than a fall. Now it is important not to be led by emotions and to follow the previously chosen strategy. I do nothing. No spillovers or additional purchases.

✔️ We've come close to the long-awaited psychological level for #BTC. For the last few years, all the talk has been about $100,000. And here we are. Congratulations to everyone who waited.

📉 To continue the bullish rally, it would not hurt to cool down a little <t-8/>#BTC☀ and shave off those who like to take positions on the breakout. Still, no one has canceled Black Friday. Statistically, the market is prone to correction at the end of November.

This week, many altcoins from the top 20 showed double-digit growth, but some, including TON, were exceptions. This is due to several key metrics of Toncoin.
We examine how on-chain indicators affect the current weak performance of TON and what this may mean for the future dynamics of Toncoin.

We have had a discussion about the prospects of the Ton price, and I decided to explain my position in detail.

Tokens of blockchains grow due to either an increase in token burning with a rise in the number of transactions, or an increase in the number of holders who do not sell their coins. In Ton, tokens are not burned but go to validators, who are very likely to sell them, so simply increasing the number of transactions does not drive growth directly. This was evident in the summer when transactions grew incredibly, but the price remained stable. However, the income of validators is increasing, and as a result, the desire to stake coins for earning income from validating transactions is growing (staking in Ton is gradually increasing).

A proposal to invest in Bitcoin will be discussed at Microsoft's December 10th shareholder meeting.
The National Center for Public Policy Research sees this as an important step to protect against inflation, although the board of directors is against it.
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$ETH

Vitalik Buterin explained that the funds from the sale of ETH by the Ethereum Foundation go towards salaries for developers and supporting the network.
He stressed that this is important for maintaining a stable PoS mechanism, reducing fees and increasing transaction speed.

The foundation also actively works to improve user privacy.

The Chi USD (CHI) stablecoin, released by the Essence Finance startup, has almost completely lost its value in a matter of hours. On October 26, the Chi USD exchange rate detached from $1 and suddenly went to hell. As a result of a powerful dump, the asset fell to $0.0088, which is more than 99% lower than the indicator before the start of the downward trend. Chi USD Price Crash Crypto community members have been rushing to dump CHI coins after the value of the digital assets that provide stability to the token rate dropped by $20 million. According to the data provided on the Chi Protocol website, the volume of reserves that support the price of CHI is $222,884, and the stablecoin's capitalization is estimated at $151,590. That is, the lion's share of the a portion of the collateral has evaporated from the crypto vault. The creators of Chi USD from the company Essence Finance have not been active in social network X, which is banned in Russia, since October 14, so they were suspected of committing the fraudulent Rug pull scheme. Most likely, the creators of the cryptocurrency themselves withdrew the reserves that ensured the stability of the CHI exchange rate, thereby collapsing the price of the coin. In addition, the Essence Finance website no longer allows you to exchange Chi USD for USD Coin (USDC) at a 1:1 ratio, as originally intended. When attempting to do so, a message appears stating that CHI is too expensive, despite the fact that even on the Essence Finance portal, the stablecoin is valued at only $0.009.

$BTC
Trump is a real crypto enthusiast 💸For example, On Tuesday, Donald Trump will launch the sale of his own cryptocurrency tokens. But Jim Cramer thinks that Harris will win the presidential election.
As you know, Cramer's forecasts often come true the other way around ❓ Donald Trump's chances of winning are now almost 55%. This is positive for the crypto market and BTC. The most interesting thing is that if he is elected, Bitcoin may break out of the global sideways range of $55,000-65,000 and finally move to a new level.

A fake Curve Finance protocol app has caught the attention of the crypto community.
Despite warnings from experts, the software appeared on the list of top 100 financial apps in the Apple App Store.
In France, the fake app reached 14th place in the mentioned category.
The fake Curve Finance protocol software has gained widespread popularity in the Apple App Store. The fake software briefly entered the top 100 programs in the Finance category.