Crypto Crafters

Bitcoin’s price actions over the past 24 hours took the asset to just inches away from breaking its March all-time high of $73,740.

Many altcoins are also in the green today, with DOGE jumping by nearly 5%, while SHIB, LINK, and ADA have posted impressive gains of around 3%.

BTC Came Inches Away

The primary cryptocurrency has been a spectacular run for the past several days. It all started after the Friday night price dump to $65,500 after the Tether FUD, but the bulls resumed control of the market immediately.

This resulted in BTC recovering some ground and sitting around $67,000 during the weekend. However, the asset went on the offensive at the start of the current business week, which saw it going above $70,000 yesterday for the first time in months.

Moreover, bitcoin wasn’t contained this time at just touching this coveted price tag, but kept climbing in the following hours and spiked to $73,600 (on Bitstamp). Thus, it came about $150 away from breaking the $73,740 (CoinGecko data) all-time high set earlier this year.

Nevertheless, it failed to overcome that record and has been pushed south by around a grand now. Being 2% up on the day, though, means that its market cap has soared to over $1.430 trillion, while its dominance over the alts has skyrocketed to above 56% on CG.

SUI Shoots Up

Most altcoins have turned green today, as well. Ethereum is up by 2% and has neared $2,700. TRX and SHIB have added similar percentages over the past 24 hours. Dogecoin is the biggest gainer from the top 10 alts, followed by ADA. LINK is up by 3% as well, while SUI has skyrocketed by 12%. As a result, it now stands well above $2.

In contrast, KAS has dumped by 7% within the same timeframe. BNB, SOL, XRP, AVAX, and BCH are also slightly in the red.

Nevertheless, the total crypto market cap has increased by $80 billion and sits at a multi-month peak of its own at over $2.550 trillion.

[PRESS RELEASE – Dubai, UAE, October 29th, 2024]

PAID Network ($PAID), a leading decentralized token crowdfunding platform, is thrilled to announce the launch of an exclusive Low FDV Community Offering (LCO) for Blast Royale, a Tier 1 blockchain game backed by industry giants such as DragonFly Capital, Mechanism Capital, and Animoca Brands. With over 1 million app downloads, 30,000+ daily active users, and a vibrant community exceeding 220,000 members, Blast Royale aims to make a significant impact in early November through PAID’s platform alongside over a dozen other projects that have committed to this initiative.

Pioneering a Community-First Investment Model

In a move set to redefine the blockchain investment landscape, PAID Network is introducing a first-of-its-kind community-centric investment model that, according to PAID, directly addresses the longstanding issues of low float and high Fully Diluted Valuations (FDVs). By offering Blast Royale at a low $10 million FDV—substantially lower than the last round at $48m FDV —PAID is putting the community at the forefront, ensuring early investors have the potential for wealth generation at a large discount compared to other rounds. (Blast Royale’s previous rounds led by Animoca Brands, & Mechanism incl. 2022 FDV of 33.7M and Early 2024 FDV of 48M).

Kyle Chassé, Founder of PAID Network, stated:

“Crypto has drifted away from what really matters—empowering the community. The Low FDV Community Offering (LCO) flips the script, giving real people a shot at serious upside without the insane valuations or pump-and-dump hype. This is about getting back to the core of why we’re here: creating opportunities for everyone to win and be part of something bigger.”

Addressing the Low Float High FDV Issue

According to PAID Network’s data, the traditional “low float, high FDV” model has been a persistent problem in the Web3 space. Projects often launch with a small circulating supply (low float) and an inflated FDV, leading to:

• Imbalanced Token Distribution: Early venture capitalists hold large portions of tokens, leaving retail investors at risk of being sold on by large holders.
• Price Volatility: Limited token availability can cause extreme price fluctuations, making the tokens unstable and discouraging market participation.
• Community Disengagement: Retail investors feel disadvantaged, leading to decreased trust, participation, and poor community sentiment.

PAID Network’s LCO model is designed to solve these issues by:

• Offering Lower FDVs: By securing project offerings at significantly reduced valuations, the community gains access to investment opportunities that were previously out of reach.
• Ensuring Fair Token Distribution: The LCO promotes wider token distribution among community members, fostering a more balanced and stable market.
• Aligning Incentives: Projects benefit from an engaged community committed to long-term success rather than short-term speculative gains with the goal of bringing back strong community associations.

Users can register here for the sale starting on the 6th/7th Nov:

A Major Rebrand Reflecting Community-First Values

Alongside the LCO for Blast Royale, PAID Network has undergone a transformative rebrand and UX/UI overhaul. This evolution reflects PAID’s commitment to being a community-first crowdfunding platform, emphasizing a theme of financial freedom and prosperity for all.

New Site

Commenting on the vibrant new identity, Kyle added:

“We believe crowdfunding should be exciting, rewarding, and inclusive. Our new brand reflects that vision, and we’re eager to have both seasoned crypto enthusiasts and newcomers join us on this journey.”

Innovative Features Enhancing the Crowdfunding Experience

By pioneering a community-centric investment model, PAID is working to redefine the crowdfunding landscape through its several groundbreaking features in their upcoming updates, including:

• Gamified Crowdfunding: Leaderboards, challenges, and rewards allow retail investors to earn perks by actively participating.
• Account Abstraction: Simplifies onboarding for non-crypto natives, removing the complexity of crypto wallet management.
• Community Impact Score: A merit-based ecosystem where holders of PAID’s native token and projects launched earn points to access exclusive rewards & opportunities.
• Real-Time State of $PAID economy: Users can track the $PAID Flywheel and the upcoming buy-back, burns, and airdrops in real-time.
• Multi-Chain Single Click Swaps: Seamless cross-chain integration makes trading and investing more accessible than ever.
• Community Fund: PAID’s DAO will be launched to empower the community with key voting and decision-making responsibilities regarding future project investment opportunities.

[Features to be rolled out Q4 2024]

About PAID

Founded in 2021, PAID is a decentralized crowdfunding platform that connects innovative projects with investors. By ensuring a secure, transparent, and community-first crowdfunding experience, PAID has become the leading global investing platform for Web3 projects. To date, PAID has facilitated over $35 million in capital across 110 investments and is integrated with over ten blockchain networks. With a thriving community of over 250,000 members, users can stake the $PAID token to unlock various benefits, including rewards, buyback & burn mechanisms, and governance participation. The $PAID community fund invests in exclusive early-stage deals, distributing returns to loyal users.

PAID Socials

X | Telegram Community Channel | Telegram Announcement Channel | Discord | Medium

[[PRESS RELEASE – Dubai, UAE, October 28th, 2024]

The Cryptids: Monsta Mash, a Play-to-Earn (P2E) and Tap-to-Earn (T2E) battle royale game, integrating blockchain technology with non-stop action. Users can step into a world where their skills can let them win battles and potentially get real-world rewards. Built on the lightning-fast Solana network, Monsta Mash is a gateway to economic opportunities in a digital universe.

The team at Monsta Mash put community engagement and entertainment at the top of their priority list. The 10 Launch is part of their “10” mantra which will be seen through out the game’s development. With $MASH, their utility token, users gaming experience transforms into a unique platform where every tap, battle, and monster users can catch opens doors to non-stop fun whilst collecting and earning tokens.

The Crypto and Gaming Revolution

According to the team, some of the world’s most popular battle royale games have captivated players globally by being community-driven, highly interactive, and fun. Their success can indicate that immersive gameplay and a strong community are at the heart of every gaming success story. At Monsta Mash they are following this blueprint and enhancing it with crypto-backed rewards, creating a game-changing experience.

The Cryptids: Monsta Mash project offers a thrilling gameplay while providing users with potential economic benefits.

Tap-to-Earn Hybrid: Fun Meets Opportunity

At Monsta Mash, they are thinking of innovative ways to combine fun and earning potential. Their Tap-to-Earn model is an example of this. Players can engage in simple actions like tapping or collecting resources to boost their token balance. This low-effort model has taken off recently.

Monsta Mash’s hybrid play-to-earn and tap-to-earn gameplay taps into this trend while introducing new mechanics and interactive features that keep players coming back for more. It’s all backed by real blockchain technology, giving users the opportunity to collect, trade, and grow while they play.

A Global Team with a Proven Track Record

Teams in Dubai, New York, and London have collaborated to form Monsta Mash’s global development team. Possessing years of expertise in the gaming and crypto fields, they have established a team with a results driven approach. The gaming team had succeeded in 2021, creating the #1 game on Apple’s iOS platform, which reached over a million downloads in just a few days after its release. The general team is also responsible for other blockchain initiatives and starting ICOs that drew interest from global investors.

Players can get a preview of what’s to come with the beta edition available to download right now in Apple’s App Store and Google Play.

The 10-day Launch Countdown

The 10-day countdown for the release of the $MASH token begins. Users can sign up to secure exclusive bonuses and massive giveaways. Users will automatically enter a giveaway for $10k USDT and 10 million $MASH tokens just by signing up.

By joining now and being an early adopter, users can lock in $MASH tokens at its genesis price of $0.0018, ahead of the official November 6th presale launch.

Users can download the beta version of the game on the Apple App Store or Google Play Store.

About The Cryptids: Monsta Mash

The Cryptids: Monsta Mash is a blockchain-based battle royale game on the Solana network, blending Play-to-Earn and Tap-to-Earn models. Developed by an international team, Monsta Mash lets players earn in-game tokens through action-packed gameplay while collecting and trading digital assets. With a beta available on Apple’s App Store and Google Play, Monsta Mash will launch its $MASH token presale in early November 2024.

Website – https://www.cryptidsgame.io/ 

Presale Sign-Up – https://www.cryptidsgame.online/sign-up 

Telegram –https://t.me/CryptidsMonstaMash 

LinkTree –

Investment inflows into digital assets reached a whopping $901 million in October, comprising 12% of assets under management and marking the fourth-largest monthly inflows to date.

With these additions, year-to-date inflows have reached $27 billion – almost triple the 2021 record of $10.5 billion.

US Political Climate Drives Bitcoin Inflows

According to the latest edition of CoinShares’ “Digital Asset Fund Flows Weekly Report,” the month’s inflows were overwhelmingly focused on Bitcoin, with a massive $920 million, while short-Bitcoin products saw minor outflows of $1.3 million. It appears that recent US political developments, especially rising support for Republicans, have significantly impacted Bitcoin’s current inflows and pricing.

With $10.8 million in inflows, Solana was the second most popular choice among investors this week, while next up was multi-asset products which saw a recovery, drawing $2.1 million after the earlier setback. Altcoins such as Litecoin and XRP posted minor inflows as well, with $1 million and $0.8 million, respectively.

In fact, blockchain equities, too, continued their upswing, marking their third week of inflows, which reached $12.2 million last week.

While sentiment was positive for most assets, Ethereum bucked the trend with the largest outflow of $35 million last week. Cardano also saw minor outflows, amounting to $0.1 million.

The US saw strong inflows of $906 million, leading globally, while Germany and Switzerland recorded positive inflows of $14.7 million and $9.2 million over the past week. Australia noted a modest $0.3 million in inflows.

On the other hand, Sweden and Canada had the largest outflows at $12.7 million and $10.1 million, while Brazil and Hong Kong saw lesser outflows of $3.6 million and $2.7 million.

Big Bet on November Election

Donald Trump’s stance on digital assets has attracted widespread support from the crypto community, who view his potential presidency as a path to favorable regulations. This support has led traders and major investors to make substantial bets on his November election odds.

Trump currently holds a strong lead of over 66% on Polymarket, a leading blockchain-based betting platform, with a mystery investor – adding another $2 million in USDC to pro-Trump bets, bringing their total stake to $7.22 million, as tracked by on-chain intelligence firm Lookonchain.

TL;DR

• Dogecoin surpassed $0.14 once again, potentially fueled by Elon Musk’s recent appearance at a Trump rally and his playful nod to the meme coin.
• Analysts see the potential for more price hikes, with targets up to $0.175 or higher if resistance levels are broken to the upside.

DOGE on the Run Again

The biggest meme coin in terms of total market capitalization is the best-performing top 10 cryptocurrency today (October 28). It is up 6% daily, currently trading well above $0.14. 

DOGE’s resurgence could be linked to Elon Musk’s latest interaction. Tesla’s CEO participated in Donald Trump’s rally at Madison Square Garden on October 27, urging people to vote for the Republican in the upcoming presidential elections (scheduled for November 5).

He once again spoke about establishing a potential Department of Government Efficiency (DOGE) should Trump enter the White House as a winner. The division would aim at fair taxation for Americans and will be spearheaded by Musk himself. 

Shortly after, Tesla’s boss posted an interesting photo of him on X. The upper part of the picture depicts the billionaire flexing during the public speech, while the lower features the Shiba Inu breed (which resembles DOGE’s logo) striking the same pose all in muscles. 

Dogecoin proponents were happy to see the direct reference to their favorite cryptocurrency, with some claiming that the move might positively impact the entire meme coin sector. 

Further DOGE Pump?

Several analysts believe that the asset is yet to experience a substantial increase. The popular X user Ali Martinez predicted a 25% rally to around $0.175 if DOGE breaks above the $0.143 resistance. Currently, it is trading slightly above that level.

Crypto Candy chipped in, too, envisioning a new bull run similar to the one observed in 2021. Recall that DOGE’s valuation exploded from around $0.05 at the start of April 2021 to over $0.70 a month later (a whopping 1,300% spike).

$DOGE the OG of MEME broke out on weekly timeframe and getting started for the next bull run.
Expecting to pull a run like previous Bull Run pic.twitter.com/zLHQWsRUwt

— Crypto Candy (@cryptocandy24x) October 28, 2024

For their part, BitBull forecasted a massive green candle, taking Dogecoin to as high as $0.60 at the beginning of next year.

Reports have emerged that bad actors allegedly tied to North Korea’s Lazarus Group executed a complex cyberattack that used a fake NFT-based game to exploit a zero-day vulnerability in Google Chrome.

According to the report, the vulnerability ultimately allowed the attackers to access people’s crypto wallets.

Exploiting Chrome’s Zero-Day Flaw

Kaspersky Labs security analysts Boris Larin and Vasily Berdnikov wrote that the perpetrators cloned a blockchain game called DeTankZone and promoted it as a multiplayer online battle arena (MOBA) with play-to-earn (P2E) elements.

Per the experts, they then embedded a malicious code within the game’s website, detankzone[.]com, infecting devices that interacted with it, even without any downloads.

The script exploited a critical bug in Chrome’s V8 JavaScript engine, letting it bypass sandbox protections and enabling remote code execution. This vulnerability allowed the suspected North Korean actors to install an advanced malware called Manuscrypt, which gave them control over the victims’ systems.

Kaspersky reported the flaw to Google upon discovering it. The tech giant then addressed the issue with a security upgrade days later. However, the hackers had already capitalized on it, suggesting a broader impact on global users and businesses.

What Larin and his security team at Kaspersky found interesting was how the attackers adopted extensive social engineering tactics. They promoted the tainted game on X and LinkedIn by engaging well-known crypto influencers to distribute AI-generated marketing material for it.

The elaborate setup also included professionally done websites and premium LinkedIn accounts, which helped create an illusion of legitimacy that attracted unsuspecting players to the game.

Lazarus Group’s Crypto Pursuits

Surprisingly, the NFT game wasn’t just a shell; it was fully functional, with gameplay elements such as logos, heads-up displays, and 3D models.

However, anyone visiting the P2E title’s malware-ridden website had their sensitive information, including wallet credentials, harvested, enabling Lazarus to execute large-scale crypto thefts.

The group has demonstrated a sustained interest in cryptocurrency over the years. In April, on-chain investigator ZachXBT connected them to more than 25 crypto hacks between 2020 and 2023, which bagged them more than $200 million.

Additionally, the U.S. Treasury Department has linked Lazarus to 2022’s infamous Ronin Bridge hack, in which they reportedly stole over $600 million in ether (ETH) and USD Coin (USDC).

Data collected by 21Shares’ parent company 21.co in September 2023 revealed that the criminal group held more than $47 million in assorted cryptocurrencies, including Bitcoin (BTC), Binance Coin (BNB), Avalanche (AVAX), and Polygon (MATIC).

In total, they are said to have stolen digital assets worth more than $3 billion between 2017 and 2023.

Bitcoin continues to lead in terms of the longest average holding period. However, one crypto asset has outpaced major assets like Ethereum in this metric, highlighting its sustained appeal among long-term investors.

According to the latest data compiled by IntoTheBlock, Bitcoin leads with an “average HODL time” of 4.4 years. This aligns with its popular perception as a long-term store of value or “digital gold.”

Despite the world’s largest crypto asset’s failure to reclaim a crucial level and notch a fresh all-time high, both institutional and retail interest have spiked, though the latter has been slower.

Interestingly, standing close to the “digital gold” is Litecoin which is often referred to as the “silver to the Bitcoin’s gold.” With an average holding time of 2.6 years, Litecoin investors have one of the highest holding times amongst digital assets, second only to Bitcoin.

Another particularly fascinating observation is that Ethereum (ETH), Dogecoin (DOGE), and Shiba Inu (SHIB) all share an identical average holding period of 2.4 years despite their very different use cases and market perceptions.

This suggests that meme tokens might be evolving beyond their initial reputation as purely speculative assets. Moving down IntoTheBlock’s list, Chainlink (LINK) and Toncoin (TON) are observed to have an average holding period of 1.9 years each, while Tron (TRX) and Cardano (ADA) sit at 1.2 years each.

The stablecoin Tether (USDT) and Avalanche (AVAX) show the shortest holding periods at 8.9 and 7.7 months, respectively, which makes sense given USDT’s primary use as a trading pair and medium of exchange rather than a long-term investment.

[PRESS RELEASE – Tortola, British Virgin Island, October 25th, 2024]

Aark Digital recently experienced a security incident in which an unauthorized party accessed and withdrew approximately 1,386,085 USDC and 24.143 ETH. In response, the project has launched 24/7 recovery efforts, while also implementing additional security measures to safeguard against any further unauthorized activity.

As part of its recovery strategy, Aark Digital is offering a 15% bounty to the individual responsible, contingent upon the safe and complete return of the misappropriated assets. This bounty, amounting to 225,000 USDC, is intended to incentivize the return of the funds, and additional details are available on Arkham’s bounty platform here.

Should a full recovery not occur, Aark Digitial has indicated that it will announce a distribution plan to address the situation appropriately. The organization has set a deadline of 26th October 2024, 15:00 UTC, for the responsible party to respond, stating that it is prepared to pursue legal measures if the funds are not returned within this timeframe.

Aark Digital is committed to keeping its community informed throughout this process, emphasizing its dedication to transparency and user security.

Aark Digital will continue to release updates on the situation as they become available.

About Aark Digital

Aark Digital is a blockchain-focused project dedicated to providing secure, innovative solutions within the digital asset space. Committed to transparency and user security, Aark Digital leverages cutting-edge technology and industry best practices to safeguard assets and build trust within its community. Aark Digital aims to advance the growth and adoption of decentralized finance worldwide.

TL;DR

• The meme coin MEW tapped a new peak after rallying by another 8% in the past 24 hours.
• While some predict further growth, others warn of a potential pullback due to rising FOMO.

The Bull Run Goes on

The Solana-based meme coin Cat in a Dogs World (MEW) has been one of crypto’s rock stars lately, with its price pumping by 85% on a two-week scale.

Several hours ago, it hit a new all-time high of over $0.01, while its market capitalization exceeded the psychological level of $1 billion. This positioned MEW as the 82nd-biggest cryptocurrency and the eighth-largest in the meme coin realm.

The asset started the month on the right foot, seeing a gradual price increase until October 21. After that, things went to another dimension, with MEW charting double-digit daily gains and climbing the crypto ladder. One evident reason fueling the rally was Upbit’s decision to allow trading services with the meme coin. As CryptoPotato reported, the biggest Korean cryptocurrency exchange listed the MEW/KRW trading pair.

It is worth mentioning that MEW is not the only cat-themed token that is well in the green today (October 25). Some of the other top performers include Purr (PURR), Wen (WEN), MANEKI (MANEKI), and more. On the other hand, Popcat (POPCAT) – the leading cat-related meme coin – is down 10% for the past 24 hours. 

MEW Price Predictions

Multiple market observers believe the meme coin’s uptick is nowhere near its end. Crypto General (an X user with more than 200,000 followers) noted its “consistent uptrend,” suggesting more room for growth. The analyst envisioned “a parabolic move” to as high as $0.045 in the following days.

However, some forecasted a potential correction. Crypto_Jobs is among the pessimists, suggesting that the rising FOMO (Fear of Missing Out) could negatively affect MEW’s valuation in the short term.

$MEW – same as $popcat, i’m shorting here

The price remain bullish, But I think that a reversal will be see soon

FOMO buyers could be trap! #MEW #trading #crypto #bitcoin #dyor pic.twitter.com/pW9o3NphgE

— Crypto_Jobs‍♂️ TA & FA (@CryptoJobs3) October 24, 2024

Popular crypto YouTube channel MemeFi Club just dropped a big prediction about Crypto All-Stars – saying it could land a Binance listing soon.

The project’s staking protocol and rising presale hype have caught the channel’s attention during its latest meme coin market breakdown.

So let’s take a look at Crypto All-Stars and what all the hype is about.

MemeFi Club Thinks STARS Token Could Obtain Binance Listing Soon

With over 3.8 million subscribers, MemeFi Club has become one of crypto YouTube’s biggest names.

The channel, which started as the official content hub for the Web3 fighting game MemeFi, now moves markets with its token outlooks.

Its latest bombshell is a deep dive into Crypto All-Stars.

The video, “Crypto All-Stars & Binance: The Next Big Meme Coin to Stake?,” has racked up 712,000 views in 11 days.

It discussed Crypto All-Stars’ growing market presence and drew parallels to NEIRO – another meme coin that landed a Binance listing.

However, it’s not just this potential listing that MemeFi Club is excited about.

They also seem interested in Crypto All-Stars’ MemeVault staking platform, which sets it apart from typical meme coins.

Such an endorsement from a channel like MemeFi Club is huge.

Given that Crypto All-Stars is still in its presale phase, the interest this video has generated could create even more momentum for the project’s planned DEX launch.

The MemeVault – Where Meme Coins Become Yield-Bearing Assets

Let’s take a closer look at Crypto All-Stars’ MemeVault platform.

Think of it like a rewards hub where investors can stake popular meme coins like DOGE, PEPE, and FLOKI to earn STARS tokens.

For example, someone holding 100,000 PEPE could stake those tokens in the MemeVault, rather than just holding them in their crypto wallet.

This would turn PEPE into a yield-bearing asset.

Built on the ERC-1155 standard, the MemeVault’s main aim is to unite the meme coin landscape into one ecosystem.

The project’s tokenomics structure backs up this goal.

A 25% chunk of the STARS supply has been set aside for staking rewards, with another 25% reserved for development in the “War Chest.”

The presale allocation sits at 20%, marketing takes another 20%, and 10% is set aside for liquidity.

These allocations suggest the team is focused on sustainability.

By encouraging users to stake multiple meme coins in the MemeVault, Crypto All-Stars is betting that interconnectedness will set it apart from the thousands of useless meme coins that launch monthly.

STARS Presale Catches Fire & Raises $2.7M Ahead of DEX Listing

The buzz around Crypto All-Stars has translated to presale momentum.

With $2.7 million raised so far, investors seem eager to grab STARS tokens at the current price of $0.0015248.

The project is keeping things accessible, too – accepting both crypto and card payments.

Looking ahead, the roadmap is packed with potential catalysts.

Token claiming and a DEX listing is expected to happen just after the presale wraps up, which could create huge initial trading volume.

And with MemeFi Club’s recent coverage putting eyes on the project, that Binance listing speculation isn’t likely to die down anytime soon.

The team also plans to roll out the full version of the MemeVault.

Crypto All-Stars’ Telegram channel members are already excited about this upcoming milestone.

Ultimately, as with any presale project – especially one in the meme coin niche – nothing is guaranteed.

But given Crypto All-Stars’ enormous early momentum, it’s one to watch as we enter the final part of 2024.

Visit Crypto All-Stars Presale

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