The road to a further crypto market surge is not too far off in the eyes of many crypto advocates. As Bitcoin now charges its battery at $115,000, several altcoin heroes have awakened, responding with optimistic hearts. Apart from the bullish price movements, the crypto news world hung on major developments like Sam Bankman-Fried’s appeal hearing next month, Tether’s new USAT stablecoin, anticipation around the altcoin index and potential rate cuts, RWA on-chain value boom, and more.
Strategic Bitcoin Reserve likely in 2025: Alex Thorn
Alex Thorn of Galaxy Digital is confident about the US forming a Strategic Bitcoin Reserve this year. However, investors are not completely recognizing the possibility that the government could establish the reserve this year, the executive noted.
Altcoin season index reaches 82
Amid ongoing discussion about altcoin season, its index has gone a long way ahead to 82/100 last week. However, by the end of the week, the index dipped to 70. Meanwhile, Bitcoin dominance stands at 56%, according to CoinMarketCap.
Bitcoin surges past $115,000
After weeks of sluggish trading hours, Bitcoin broke out of the $108,000-$110,000 range to hit $115,894 at the time of reporting. The total cryptocurrency market cap also rebounded to $4 trillion.
Tether unveils a new stablecoin
Tether, the company behind the USDT stablecoin, will launch a new US-based stablecoin, USAT, appointing the former White House crypto executive director Hines as its CEO.
RWA on-chain value goes to the moon
The on-chain value of tokenized Real-World Assets (RWAs) reached a new all-time high of $29 billion, followed by recent growth in the number of tokenized projects on Chainlink, Avalanche, Ondo Finance, and other blockchain platforms.
Sam Bankman-Fried’s hearing set for November 4
The US court has decided to hear arguments for Sam Bankman-Fried’s (SBF) appeal on November 4, nearly two years after he was sentenced to 25 years of imprisonment. SBF is the founder of crypto exchange FTX, which collapsed in 2022 due to a liquidity crisis and alleged misuse of customer funds.
What’s more, conservative activist Charlie Kirk’s death sparked new memecoin launches: a new malware ModStealer has been built to exploit crypto wallets; Ethereum slashed 39 validators for breaking PoS rules; and Pump.fun deposited 13 billion PUMP tokens to the Kraken exchange. There are more headlines expected to hit in the coming weeks, as the market braces for serious price movements. Stay hopeful, stay optimistic!
